CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
OPERATING ACTIVITIES:
Net income	$ 46,890	$ 42,038
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	18,667	17,468
Stock-based compensation expense	2,684	2,019
Impairment on receivables	1,880
Gain on sale of real estate, net	(5,054)	(1,802)
Income from unconsolidated joint ventures	(1,020)	(550)
Income distributions from unconsolidated joint ventures	754	1,027
Straight-line rental income	(5,307)	(5,454)
Amortization of lease incentive	1,111	977
(Recovery) provision for doubtful accounts	(43)	202
Non-cash interest related to contingent liabilities	351	315
Other non-cash items, net	637	605
Increase in interest receivable	(2,572)	(2,551)
(Decrease) increase in accrued interest payable	(132)	72
Net change in other assets and liabilities	(11,508)	(3,532)
Net cash provided by operating activities	47,338	50,834
INVESTING ACTIVITIES:
Investment in real estate properties	(54,740)	(67,896)
Investment in real estate developments	(9,155)	(26,331)
Investment in real estate capital improvements	(2,195)	(4,087)
Capitalized interest	(371)	(942)
Proceeds from sale of real estate, net	14,106	8,474
Investment in real estate mortgage loans receivable	(7,829)	(17,128)
Principal payments received on mortgage loans receivable	17,339	1,598
Investment in unconsolidated joint ventures	(3,734)	(480)
Payment of working capital reserve	(439)	(1,434)
Advances and originations under notes receivable		(414)
Principal payments received on notes receivable	25	60
Net cash used in investing activities	(46,993)	(108,580)
FINANCING ACTIVITIES:
Bank borrowings	48,500	77,500
Repayment of bank borrowings	(110,600)	(76,000)
Proceeds from issuance of senior unsecured notes	100,000	37,500
Principal payments on senior unsecured notes	(4,167)	(4,167)
Proceeds from common stock issued	14,578	70,885
Stock option exercises	79	159
Distributions paid to stockholders	(45,110)	(41,031)
Financing costs paid	(363)	(112)
Other	(1,954)	(2,174)
Net cash provided by financing activities	963	62,560
Increase in cash and cash equivalents	1,308	4,814
Cash and cash equivalents, beginning of period	7,991	12,942
Cash and cash equivalents, end of period	9,299	17,756
Supplemental disclosure of cash flow information:
Interest paid	$ 14,119	$ 12,047