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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 60,668 $ 56,720 $ 52,931
Adjustments to reconcile net income to net cash provided by operating activities:      
Change in fair value of derivatives (70) 6 10
Gains on sales of properties 0 (1,013) (11)
Depreciation and amortization of deferred leasing costs 45,694 44,417 43,270
Amortization of deferred debt costs 1,392 1,343 1,433
Non cash compensation costs of stock grants and options 1,672 1,603 1,434
Provision for credit losses 906 1,494 915
Increase in accounts receivable and accrued income (1,643) (3,525) (5,216)
Additions to deferred leasing costs (4,615) (4,633) (5,563)
Increase in prepaid expenses (294) (399) (570)
(Increase) decrease in other assets 1,374 (6,368) 1,544
Increase (decrease) in accounts payable, accrued expenses and other liabilities 1,125 921 (937)
Decrease in deferred income (2,759) (1,476) (344)
Net cash provided by operating activities 103,450 89,090 88,896
Cash flows from investing activities:      
Acquisitions of real estate investments (79,499) (48,250) (4,894)
Additions to real estate investments (17,653) (15,564) (18,855)
Additions to development and redevelopment projects (22,842) (27,231) (45,870)
Proceeds from sale of properties [1] 6,688 4,771 32
Net cash used in investing activities (113,306) (86,274) (69,587)
Cash flows from financing activities:      
Proceeds from mortgage notes payable 100,000 11,250 46,000
Repayments on mortgage notes payable (55,679) (24,653) (52,963)
Proceeds from construction loans payable 1,437 24,937 39,817
Proceeds from revolving credit facility 63,000 78,500 20,000
Repayments on revolving credit facility (51,000) (57,500) (35,000)
Additions to deferred debt costs (2,583) (125) (296)
Proceeds from the issuance of:      
Common stock 22,751 21,564 15,583
Partnership units 6,735 6,910 5,673
Distributions to:      
Series C preferred stockholders (12,375) (12,375) (12,375)
Common stockholders (44,576) (39,472) (35,645)
Noncontrolling interests (15,268) (13,533) (12,228)
Net cash provided by (used in) financing activities 12,442 (4,497) (21,434)
Net increase (decrease) in cash and cash equivalents 2,586 (1,681) (2,125)
Cash and cash equivalents, beginning of year 8,322 10,003 12,128
Cash and cash equivalents, end of year 10,908 8,322 10,003
Supplemental disclosure of cash flow information:      
Cash paid for interest 45,713 44,066 43,799
Increase (decrease) in accrued real estate investments and development costs 2,097 $ (7,098) $ 5,201
Great Eastern Shopping Center      
Property, Plant and Equipment [Line Items]      
Seller financing $ 1,275    
[1] Proceeds from sales of property excludes $1,275 of seller financing in connection with the sale of the Company's Great Eastern property.