Cash paid for interest was $26.9 million (net of capitalized interest of $4.3 million) and $28.9 million (net of capitalized interest of $2.9 million) for the six months ended June 30, 2019 and 2018, respectively.

In our statement of cash flows, we show cash flows on our Revolving Facilities on a net basis. Aggregate borrowings on our Revolving Facilities were $150.0 million and $0.0 million for the six months ended June 30, 2019 and 2018, respectively. Aggregate paydowns were $33.0 million and $53.0 million for the six months ended June 30, 2019 and 2018, respectively.

Accrued construction costs decreased by $15.5 million in the six months ended June 30, 2019 and decreased by $4.6 million in the six months ended June 30, 2018, representing non-cash changes in construction in progress.

In the first quarter of 2019, we issued 6,250,000 common shares of beneficial interest in the Company in exchange for a like number of OP Units in our Operating Partnership. The shares were issued to Vornado Investments LLC, an affiliate of Franconia Two, L.P., the holder of the OP Units.

The following table provides a summary of cash, cash equivalents, and restricted cash reported within the statement of cash flows as of June 30, 2019 and 2018.

	June 30,
(in thousands of dollars)	2019		2018
Cash and cash equivalents	$	15,227	$	42,198
Restricted cash included in other assets		11,305		14,572
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$	26,532	$	56,770

Our restricted cash consists of cash held in escrow by banks for real estate taxes and other purposes.