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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income (loss) $ 64,906 $ (5,237) $ 4,867 $ (2,301)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:          
Depreciation and amortization     67,170 60,637  
Unrealized holding gain on investments     (64,937)    
Distributions of operating income from unconsolidated affiliates     2,206 5,378  
Equity in earnings and gains of unconsolidated affiliates 786 (3,559) (469) (5,830)  
Stock compensation expense     6,136 5,442  
Amortization of financing costs     2,920 3,903  
Impairment charge 0 1,400 51,549 1,400  
Gain on disposition of properties (485)   (485) (2,014)  
Credit loss reserves     16,175    
Other, net     (2,780) (6,979)  
Changes in assets and liabilities:          
Other liabilities     (6,684) (8,499)  
Prepaid expenses and other assets     (4,213) 8,583  
Rents receivable     (25,177) 742  
Accounts payable and accrued expenses     12,222 1,767  
Net cash provided by operating activities     58,500 62,229  
CASH FLOWS FROM INVESTING ACTIVITIES          
Acquisition of real estate     (21,208) (138,716)  
Development, construction and property improvement costs     (20,533) (55,872)  
(Issuance) redemption of notes receivable     (59,000) 15,250  
Proceeds from the disposition of properties, net     13,925 12,252  
Investments in and advances to unconsolidated affiliates and other     (3,270) (99,592)  
Return of capital from unconsolidated affiliates and other     7,151 36,423  
Return (payment) of deposits for properties under contract     187 568  
Payment of deferred leasing costs     (4,885) (3,831)  
Change in control of previously unconsolidated affiliate     950    
Net cash used in investing activities     (86,683) (233,518)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Principal payments on mortgage and other notes     (14,360) (122,492)  
Principal payments on unsecured debt     (69,930) (200,900)  
Proceeds received on mortgage and other notes     3,340 131,459  
Proceeds from unsecured debt     181,700 327,300  
Payments of finance lease obligations     (833) (1,500)  
Repurchase of Common Shares     (22,386)    
Proceeds from the sale of Common Shares, net       75,115  
Capital contributions from noncontrolling interests     28,309 32,191  
Distributions to noncontrolling interests     (8,178) (8,424)  
Dividends paid to Common Shareholders     (50,182) (45,994)  
Deferred financing and other costs     (960) (4,147)  
Net cash provided by financing activities     46,520 182,608  
Increase in cash and restricted cash     18,337 11,319  
Cash of $15,845 and $21,268 and restricted cash of $14,165 and $13,580, respectively, beginning of period     30,010 34,848 $ 34,848
Cash of $34,273 and $27,765 and restricted cash of $14,074 and $12,527, respectively, end of period $ 48,347 $ 46,167 48,347 46,167 $ 30,010
Supplemental disclosure of cash flow information          
Cash paid during the period for interest, net of capitalized interest of $4,656 and $5,326 respectively     26,558 35,385  
Cash paid for income taxes, net of refunds     219 258  
Supplemental disclosure of non-cash investing and financing activities          
Assumption of accounts payable and accrued expenses through acquisition of real estate     116 1,796  
Right-of-use assets, finance leases (removed) obtained in exchange for finance lease liabilities     (70,427) 16,349  
Right-of-use assets, finance leases obtained in exchange for assets under capital lease       76,965  
Right-of-use assets, operating leases obtained in exchange for operating lease liabilities     31,523 57,165  
Capital lease obligation exchanged for finance lease liability       71,111  
Other liabilities exchanged for operating lease liabilities       946  
Right of use assets, operating leases obtained (removed) in exchange for finance lease liabilities     (1,432)    
Assumption of debt through investments in unconsolidated affiliates       $ 4,688  
Change in control of previously unconsolidated (consolidated) investment          
Increase in real estate     (135,190)    
Decrease in investments in and advances to unconsolidated affiliates     96,816    
Change in other assets and liabilities     1,238    
Acquisition of noncontrolling interest asset     (588)    
Decrease in notes receivable     38,674    
Increase in cash and restricted cash upon change of control     $ 950