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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 4,858 $ 22,796
Adjustments to reconcile net income to net cash provided by operating activities:    
(Gain) loss on sale of investment properties 70 (14,190)
Depreciation and amortization, including discontinued operations 54,884 31,969
Amortization of deferred financing costs and premium/discount on notes payable (2,748) 480
Stock-based compensation expense, net of forfeitures 489 403
Effect of certain non-cash adjustments to rental revenues (13,333) (4,898)
Income from unconsolidated joint ventures (581) (1,834)
Operating distributions from unconsolidated joint ventures 816 1,984
Changes in other operating assets and liabilities:    
Change in other receivables and other assets, net (5,362) (6,108)
Change in operating liabilities (15,974) (25,094)
Net cash provided by operating activities 23,119 5,508
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from investment property sales 0 21,088
Property acquisition, development, and tenant asset expenditures (70,711) (26,172)
Purchase of tenant in common interest (13,382) 0
Collection of note receivable 3,292 0
Investment in unconsolidated joint ventures (1,535) (16,224)
Distributions from unconsolidated joint ventures 6,179 1,678
Change in restricted cash 2,149 (625)
Net cash used in investing activities (74,008) (20,255)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from credit facility 93,000 116,100
Repayment of credit facility (227,000) (65,100)
Repayment of notes payable (3,107) (2,131)
Common stock issued, net of expenses 211,825 0
Repurchase of common stock 0 (13,743)
Common dividends paid (23,603) (16,918)
Other (158) 0
Net cash provided by financing activities 50,957 18,208
NET INCREASE IN CASH AND CASH EQUIVALENTS 68 3,461
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 35,687 2,003
CASH AND CASH EQUIVALENTS AT END OF PERIOD 35,755 5,464
Interest paid, net of amounts capitalized 13,582 7,480
Significant non-cash transactions:    
Transfer from operating properties to real estate assets and other assets held for sale 44,653 0
Transfer from operating properties to liabilities of real estate assets held for sale (130,691) 0
Transfer from investment in unconsolidated joint ventures to operating properties 68,390 0
Common stock dividends declared 25,135 0
Transfer from investment in unconsolidated joint ventures to projects under development 0 5,880
Change in accrued property acquisition, development, and tenant asset expenditures $ 411 $ 421