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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net cash provided by operating activities: $ 57,438 $ 59,221
Cash flows from investing activities:    
Acquisition of real estate, including intangible assets (48,250) (27,197)
Investment in real estate under construction (42,298) (20,812)
Capital expenditures (3,330) (1,325)
Net proceeds from sale of properties 90,823 57,898
Net proceeds from sale of non-consolidated investment 6,127 0
Principal payments received on loans receivable 88,794 70
Investments in and advances to non-consolidated entities (1,293) (14,977)
Distributions from non-consolidated entities in excess of accumulated earnings 371 6,850
Increase in deferred leasing costs (1,671) (1,230)
Change in restricted cash (34,216) (32,193)
Change in real estate deposits, net 12,229 (65)
Net cash provided by (used in) investing activities 67,286 (32,981)
Cash flows from financing activities:    
Dividends to common and preferred shareholders (42,836) (41,182)
Principal amortization payments (7,913) (7,120)
Principal payments on debt, excluding normal amortization 0 (8,130)
Change in revolving credit facility borrowings, net 0 (30,000)
Payment of developer liabilities 0 (3,851)
Change in deferred financing costs (11) 99
Proceeds of mortgages and notes payable 0 57,500
Change in restricted cash 1,572 0
Cash distributions to noncontrolling interests (1,040) (689)
Issuance of common shares, net 16,168 3,751
Repurchase of common shares 0 (8,973)
Net cash used in financing activities (34,060) (38,595)
Change in cash and cash equivalents 90,664 (12,355)
Cash and cash equivalents, at beginning of period 86,637 93,249
Cash and cash equivalents, at end of period 177,301 80,894
LCIF [Member]    
Net cash provided by operating activities: 9,887 9,246
Cash flows from investing activities:    
Investment in real estate under construction (8,761) (5,745)
Capital expenditures (638) (228)
Net proceeds from sale of properties 3,889 29,817
Investments in and advances to non-consolidated entities (175) 0
Distributions from non-consolidated entities in excess of accumulated earnings 154 176
Increase in deferred leasing costs (1) (469)
Change in restricted cash 5 (29,847)
Change in real estate deposits, net (2) 0
Net cash provided by (used in) investing activities (5,529) (6,296)
Cash flows from financing activities:    
Distributions to partners (16,916) (9,617)
Principal amortization payments (323) (362)
Change in deferred financing costs 0 (79)
Related party advances (payments), net 7,877 787
Net cash used in financing activities (9,362) (9,271)
Change in cash and cash equivalents (5,004) (6,321)
Cash and cash equivalents, at beginning of period 52,031 19,130
Cash and cash equivalents, at end of period $ 47,027 $ 12,809