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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 19,115 $ 11,179
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 11,587 10,628
Amortization of financing costs 688 734
Gain on disposition of property (12,387) 0
Share-based compensation expense 2,087 1,411
Equity in earnings of unconsolidated affiliates (3,029) (2,250)
Distributions of operating income from unconsolidated affiliates 2,562 1,208
Other, net (648) (1,476)
Changes in assets and liabilities    
Cash in escrow (141) (274)
Rents receivable, net (486) (878)
Prepaid expenses and other assets (23) (15,021)
Accounts payable and accrued expenses 2,507 (739)
Other liabilities 345 (289)
Net cash provided by operating activities 22,177 4,233
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of real estate (90,500) (86,600)
Redevelopment and property improvement costs (37,505) (17,941)
Deferred leasing costs (369) (2,220)
Investments in and advances to unconsolidated affiliates (21,568) (2)
Return of capital from unconsolidated affiliates 22,491 482
Consolidation of previously unconsolidated investment 0 1,864
Proceeds from notes receivable 7,156 5,529
Net cash used in investing activities (120,295) (98,888)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on mortgage notes (38,972) (47,136)
Proceeds received from mortgage notes 130,700 254,000
Loan proceeds held as restricted cash 15,058 (151,596)
Deferred financing and other costs (921) (9,998)
Capital contributions from noncontrolling interests 8,712 0
Distributions to noncontrolling interests (33,577) (3,098)
Dividends paid to Common Shareholders (12,798) (9,417)
Proceeds from issuance of Common Shares, net of issuance costs of $429 and $843, respectively 23,519 51,840
Other employee and trustee stock compensation, net 0 78
Net cash provided by financing activities 91,721 84,673
Decrease in cash and cash equivalents (6,397) (9,982)
Cash and cash equivalents, beginning of period 79,189 91,813
Cash and cash equivalents, end of period 72,792  
Supplemental disclosure of cash flow information    
Cash paid during the period for interest, net of capitalized interest of $2,892 and $1,664, respectively 12,173 5,858
Cash paid for income taxes 281 12
Supplemental disclosure of non-cash investing activities    
Disposition of real estate through cancellation of debt (22,865) 0
Acquisition of real estate through conversion of notes receivable 0 18,500
Consolidation of previously unconsolidated investment    
Real estate, net 0 (118,484)
Mortgage notes payable 0 166,200
Distributions in excess of income from, and investments in, unconsolidated affiliates 0 (10,298)
Other assets and liabilities 0 (1,605)
Noncontrolling interest 0 (33,949)
Cash included in consolidation of previously unconsolidated investment $ 0 $ 1,864