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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 (loss) $ 96,450 $ 114,891 $ 97,463
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 170,038 167,186 167,289
Gains on sales of properties (81,510) (24,884) (57,507)
Gains on sales of financial assets, net 0 0 (855)
Debt satisfaction (gains) charges, net (3,562) (25,240) 2,859
Impairment charges and loan losses 100,236 36,832 51,100
Straight-line rents (37,445) (46,432) (46,254)
Other non-cash (income) expense, net 1,656 3,695 (390)
Equity in earnings of non-consolidated entities (7,590) (1,752) (626)
Distributions of accumulated earnings from non-consolidated entities, net 815 2,056 1,381
Deferred taxes, net 59 (77) 124
Increase (decrease) in accounts payable and other liabilities (1,657) 4,314 (3,716)
Change in rent receivable and prepaid rent, net (1,825) 1,967 (617)
Increase (decrease) in accrued interest payable 808 2,438 (963)
Other adjustments, net (1,200) 9,936 5,384
Net cash provided by operating activities: 235,273 244,930 214,672
Cash flows from investing activities:      
Investment in real estate, including intangible assets (167,797) (349,926) (122,395)
Investment in real estate under construction (132,192) (137,158) (131,153)
Capital expenditures (4,408) (29,110) (17,681)
Net proceeds from sale of properties 370,038 156,461 237,866
Principal payments received on loans receivable 2,214 4,746 44,661
Investment in loans receivable 0 (10,274) (43,555)
Investments in and advances to non-consolidated entities, net (37,240) (18,900) (2,948)
Distributions from non-consolidated entities in excess of accumulated earnings 8,175 1,728 1,314
Increase in deferred leasing costs (6,558) (6,681) (10,484)
Proceeds from the sale of marketable equity securities 0 0 725
Investment in marketable equity securities 0 0 (689)
Change in escrow deposits and restricted cash (21,571) 2,745 916
Change in real estate deposits (20,848) (1,902) 355
Net cash used in investing activities (10,187) (388,271) (43,068)
Cash flows from financing activities:      
Dividends to common and preferred shareholders (165,858) (164,737) (159,520)
Proceeds from senior notes 0 0 249,708
Conversion of convertible notes (672) (529) (233)
Principal amortization payments (26,796) (32,440) (35,206)
Principal payments on debt, excluding normal amortization (109,973) (106,956) (202,262)
Change in revolving credit facility borrowing, net (177,000) 177,000 (48,000)
Payment of developer liabilities (4,016) 0 0
Increase in deferred financing costs (1,842) (9,336) (4,558)
Proceeds of mortgages and notes payable 254,650 190,843 27,790
Proceeds from term loans 0 0 99,000
Change in restricted cash 0 (1,573) 0
Cash distributions to noncontrolling interests (3,404) (3,688) (4,008)
Purchase of a noncontrolling interest 0 (4,022) (2,100)
Repurchase of common shares (8,973) (18,431) 0
Redemption of noncontrolling interests 0 0 (1,962)
Issuance of common shares, net 12,186 19,382 23,563
Net cash provided by (used in) financing activities (231,698) 45,513 (57,788)
Change in cash and cash equivalents (6,612) (97,828) 113,816
Cash and cash equivalents, at beginning of year 93,249 191,077 77,261
Cash and cash equivalents, at end of year 86,637 93,249 191,077
LCIF [Member]      
Cash flows from operating activities:      
Net income (loss) (3,921) 42,315 59,549
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 34,660 31,145 29,187
Gains on sales of properties (36,380) 0 (17,944)
Gains on sales of financial assets, net 0 0 (831)
Debt satisfaction (gains) charges, net 4,733 33 27
Impairment charges and loan losses 72,072 787 2,500
Straight-line rents (26,891) (35,962) (34,146)
Other non-cash (income) expense, net (1,914) (2,190) (1,510)
Equity in earnings of non-consolidated entities (324) (158) (129)
Distributions of accumulated earnings from non-consolidated entities, net 324 150 15
Increase (decrease) in accounts payable and other liabilities (2,180) 1,129 (1,892)
Change in rent receivable and prepaid rent, net (710) (316) 284
Increase (decrease) in accrued interest payable (269) (215) (149)
Other adjustments, net (293) 1,692 3,088
Net cash provided by operating activities: 38,907 38,410 38,049
Cash flows from investing activities:      
Investment in real estate, including intangible assets (52,700) (152,000) (49,526)
Investment in real estate under construction (31,220) (20,699) (3,682)
Capital expenditures (1,466) (6,295) (6,860)
Net proceeds from sale of properties 238,891 0 52,327
Principal payments received on loans receivable 0 3,480 1,304
Investment in loans receivable 0 (318) 0
Investments in and advances to non-consolidated entities, net (81) (1,683) (263)
Distributions from non-consolidated entities in excess of accumulated earnings 478 503 738
Increase in deferred leasing costs (1,156) (1,553) (4,558)
Real estate deposits (28) 0 0
Change in escrow deposits and restricted cash 912 (843) 2,714
Net cash used in investing activities 153,630 (179,408) (7,806)
Cash flows from financing activities:      
Distributions to partners (67,113) (19,741) (31,923)
Principal amortization payments (1,311) (1,454) (1,828)
Principal payments on debt, excluding normal amortization (23,934) (28,626) (9,000)
Increase in deferred financing costs (79) (1,281) (694)
Proceeds of mortgages and notes payable 0 139,193 0
Proceeds of related party note 0 0 8,250
Related party note payment 0 (8,250) 0
Co-borrower debt payment (58,000) 0 0
Related party advances, net (9,199) 71,959 2,078
Redemption of noncontrolling interests 0 0 (1,962)
Net cash provided by (used in) financing activities (159,636) 151,800 (35,079)
Change in cash and cash equivalents 32,901 10,802 (4,836)
Cash and cash equivalents, at beginning of year 19,130 8,328 13,164
Cash and cash equivalents, at end of year $ 52,031 $ 19,130 $ 8,328