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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income (loss) $ 99,438,000 $ (1,614,000) $ 56,359,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Gain on sales of real estate (127,684,000) (13,742,000) (78,365,000)
Depreciation and amortization 69,086,000 47,470,000 48,752,000
Amortization/write-off of deferred financing costs 3,502,000 3,062,000 2,998,000
Change in fair value on derivative instruments included in interest expense (6,442,000) (3,948,000) 1,311,000
Net cash received (paid) on derivative settlements 6,842,000 3,832,000 (921,000)
Amortization/write-off of fair market value adjustment of assumed debt (148,000) (169,000) (206,000)
Vesting of stock-based compensation 5,130,000 4,198,000 3,109,000
Casualty losses 3,488,000    
Changes in operating assets and liabilities, net of effects of acquisitions:      
Operating assets (350,000) 209,000 1,150,000
Operating liabilities (1,496,000) 2,445,000 3,319,000
Net cash provided by operating activities 51,366,000 41,743,000 37,506,000
Cash flows from investing activities      
Net proceeds from sales of real estate 286,479,000 29,553,000 224,416,000
Prepaid acquisition costs   (7,653,000)  
Insurance premiums paid for casualty losses (600,000)    
Insurance proceeds from casualty losses 2,500,000    
Additions to real estate investments (44,159,000) (26,775,000) (21,742,000)
Acquisitions of real estate investments (797,349,000) (130,373,000) (197,649,000)
Net cash provided by (used in) investing activities (553,129,000) (135,248,000) 5,025,000
Cash flows from financing activities      
Mortgage proceeds received 423,149,000 232,252,000 613,213,000
Mortgage payments (145,821,000) (148,942,000) (276,235,000)
Credit facilities proceeds received 255,000,000 55,000,000 25,000,000
Credit facilities payments (37,000,000) (85,000,000) (310,000,000)
Bridge facility proceeds received   30,000,000 65,875,000
Bridge facility payments   (38,597,000) (87,278,000)
Deferred financing costs paid (5,120,000) (2,410,000) (4,047,000)
Interest rate cap fees paid (20,000) (56,000) (18,000)
Prepayment penalties on extinguished debt (1,449,000) (1,706,000) (2,701,000)
Proceeds from the issuance of common shares through public offering, net of offering costs   84,782,000  
Proceeds from the issuance of common shares through at-the-market offering, net of offering costs 69,874,000    
Payments for taxes related to net share settlement of stock-based compensation (751,000)    
Repurchase of common stock   (9,672,000) (2,435,000)
Dividends paid to common stockholders (28,046,000) (22,265,000) (19,258,000)
Distributions to redeemable noncontrolling interests in the Operating Partnership     (69,000)
Contributions from noncontrolling interests     38,000
Distributions to noncontrolling interests     (4,789,000)
Purchase of noncontrolling interests     (51,840,000)
Net cash provided by (used in) financing activities 529,816,000 93,386,000 (54,544,000)
Net increase (decrease) in cash, cash equivalents and restricted cash 28,053,000 (119,000) (12,013,000)
Cash, cash equivalents and restricted cash, beginning of period 43,129,000 43,248,000 55,261,000
Cash, cash equivalents and restricted cash, end of period 71,182,000 43,129,000 43,248,000
Supplemental Disclosure of Cash Flow Information      
Interest paid 41,053,000 30,261,000 25,467,000
Supplemental Disclosure of Noncash Activities      
Issuance of operating partnership units for purchase of noncontrolling interests     2,000,000
Capitalized construction costs included in accounts payable and other accrued liabilities 3,776,000 1,715,000 2,263,000
Change in fair value on derivative instruments designated as hedges (14,625,000) 1,931,000 4,568,000
Other assets acquired from acquisitions 758,000 76,000 325,000
Liabilities assumed from acquisitions 6,608,000 1,382,000 849,000
Fair market value adjustment of assumed debt 980,000    
Assumed debt on acquisitions 70,486,000    
Write-off of assets due to casualty losses 7,838,000    
Write-off of fully amortized in-place leases 8,181,000 1,340,000 9,093,000
Write-off of deferred financing costs 1,419,000 1,412,000 1,003,000
Increase in dividends payable upon vesting of restricted stock units $ 173,000 $ 336,000 $ 244,000