Supplemental Disclosures of Cash Flow Information

3 Months Ended

Mar. 31, 2016

Supplemental Disclosures of Cash Flow Information

Supplemental Disclosures of Cash Flow Information

15.Supplemental Disclosures of Cash Flow Information

Cash paid for interest was $84.1 million in the first three months of 2016 and $85.9 million in the first three months of 2015.

Interest capitalized to properties under development was $126,000 in the first three months of 2016 and $94,000 the first three months of 2015.

Cash paid for income taxes was $1.6 million in the first three months of 2016 and $1.8 million the first three months of 2015.

The following non-cash activity is included in the accompanying consolidated financial statements:

A.During the first three months of 2016, we assumed mortgages payable to third-party lenders of $32.5 million, and recorded $692,000 of net premiums.