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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 272,908 $ 29,666 $ 232,894
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation 40,386 73,169 102,695
Net amortization of debt discounts, premiums and deferred financing fees 2,553 3,135 3,725
Straight line rental income (4,971) (14,425) (14,083)
Amortization of acquired real estate leases 2,187 8,994 21,129
Other amortization 6,127 9,989 14,513
Share-based compensation 19,697 21,414 18,530
Loss on asset impairment 12,087 19,714 58,476
Loss on early extinguishment of debt 7,122 493 2,680
Loss on sale of marketable securities 4,987 0 0
Foreign currency exchange loss 0 0 5
Net gain on sale of properties (251,417) (15,498) (250,886)
Loss on sale of real estate mortgage receivable 2,117 0 0
Change in assets and liabilities:      
Rents receivable and other assets (19,886) (23,708) (23,921)
Accounts payable, accrued expenses and other (704) (9,384) 4,927
Rent collected in advance (3,657) (3,563) (6,981)
Cash provided by operating activities 89,536 99,996 163,703
CASH FLOWS FROM INVESTING ACTIVITIES:      
Real estate acquisitions 0 0 (2,802)
Real estate improvements (49,930) (64,813) (121,450)
Insurance proceeds received 1,443 4,000 500
Principal payments received from real estate mortgages receivable 0 313 0
Proceeds from sale of properties, net 961,079 802,324 1,149,471
Proceeds from sale of real estate mortgage receivable 5,599 0 0
Purchase of marketable securities 0 (276,238) 0
Proceeds from sale of marketable securities 23,933 0 0
Cash provided by investing activities 942,124 465,586 1,025,719
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repurchase and retirement of common shares (93,976) (3,188) (69,987)
Redemption of preferred shares 0 0 (275,000)
Payments on borrowings (581,460) (295,053) (560,187)
Deferred financing fees 0 0 (52)
Contributions from holders of noncontrolling interest 1 31 0
Distributions to common shareholders (304,612) 0 0
Distributions to preferred shareholders (7,988) (7,988) (17,956)
Distributions to holders of noncontrolling interest (114) 0 0
Cash used in financing activities (988,149) (306,198) (923,182)
Effect of exchange rate changes on cash 0 0 (8)
Increase in cash, cash equivalents, and restricted cash 43,511 259,384 266,232
Cash, cash equivalents, and restricted cash at beginning of year 2,360,590 2,101,206 1,834,974
Cash, cash equivalents, and restricted cash at end of year 2,404,101 2,360,590 2,101,206
SUPPLEMENTAL CASH FLOW INFORMATION:      
Interest paid 27,117 56,796 85,310
Taxes paid 2,264 910 327
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Increase (decrease) in accrued capital expenditures 6,372 (3,970) (10,331)
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 2,360,590 $ 2,101,206 $ 1,834,974