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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows from Operating Activities:      
Net Income $ 276,831 $ 181,222 $ 307,579
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 162,535 145,940 150,616
Amortization of debt deferred costs and intangibles, net 2,562 2,650 3,641
Impairment loss 98 153 1,024
Equity in earnings of real estate joint ventures and partnerships, net (20,642) (19,300) (22,317)
Gain on sale and acquisition of real estate joint venture and partnership interests (48,322) (879) (1,718)
Gain on sale of property (100,714) (59,621) (190,872)
Distributions of income from real estate joint ventures and partnerships 1,149 1,216 4,058
Changes in accrued rent and accounts receivable, net (13,989) (8,116) (3,494)
Changes in unamortized lease costs and other assets, net (16,900) (14,617) (16,299)
Changes in accounts payable, accrued expenses and other liabilities, net 3,010 4,184 2,890
Other, net 1,339 11,584 5,661
Net cash provided by operating activities 246,957 244,416 240,769
Cash Flows from Investing Activities:      
Acquisition of real estate and land (500,591) (221,779) (43,587)
Development and capital improvements (101,179) (83,702) (100,926)
Proceeds from sale of property and real estate equity investments 234,858 101,866 351,224
Change in restricted deposits and mortgage escrows (20,049) 76,574 (75,299)
Notes receivable from real estate joint ventures and partnerships and other receivables - Collections 0 0 10,336
Real estate joint ventures and partnerships - Investments (52,834) (30,053) (5,223)
Real estate joint ventures and partnerships - Distributions of capital 51,714 35,341 31,260
Purchase of investments (4,740) 0 (3,000)
Proceeds from investments 1,250 1,250 51,788
Other, net 2,952 (473) 1,504
Net cash (used in) provided by investing activities (388,619) (120,976) 218,077
Cash Flows from Financing Activities:      
Proceeds from issuance of debt 249,999 448,083 4,500
Principal payments of debt (144,788) (240,505) (508,997)
Changes in unsecured credit facilities 95,500 (39,500) 189,000
Proceeds from issuance of common shares of beneficial interest, net 137,460 42,572 7,987
Redemption of preferred shares of beneficial interest 0 (150,000) 0
Common and preferred dividends paid (185,100) (174,628) (199,343)
Debt issuance and extinguishment costs paid (5,396) (9,878) (463)
Distributions to noncontrolling interests (9,563) (5,478) (21,055)
Contributions from noncontrolling interests 0 1,318 980
Other, net (2,361) 3,555 158
Net cash provided by (used in) financing activities 135,751 (124,461) (527,233)
Net decrease in cash and cash equivalents (5,911) (1,021) (68,387)
Cash and cash equivalents at January 1 22,168 [1] 23,189 91,576
Cash and cash equivalents at September 30 16,257 [1] 22,168 [1] 23,189
Interest paid during the period (net of amount capitalized of $2,656, $3,252 and $3,302, respectively) 79,515 79,580 91,277
Income taxes paid during the period $ 958 $ 1,474 $ 1,705
[1] Consolidated variable interest entities' assets held as collateral and debt included in the above balances at December 31, 2016 and December 31, 2015 are Property, net of $476,117 and $240,689; Investment in Real Estate Joint Ventures and Partnerships, net of $0, and $18,278; Accrued Rent and Accounts Receivable, net of $11,066 and $9,245; Cash and Cash Equivalents of $9,560 and $13,250; Debt, net of $47,112 and $47,919.