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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 (loss) $ 86,629 $ 96,450 $ 114,891
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 177,561 170,038 167,186
Gains on sales of properties (63,428) (81,510) (24,884)
Debt satisfaction gains, net (6,305) (3,562) (25,240)
Impairment charges and loan losses 44,996 100,236 36,832
Straight-line rents (19,568) (37,445) (46,432)
Other non-cash (income) expense, net 8,093 1,656 3,695
Equity in (earnings) losses of non-consolidated entities 848 (7,590) (1,752)
Distributions of accumulated earnings from non-consolidated entities, net 403 815 2,056
Unearned contingent acquisition consideration (3,922) 0 0
Deferred taxes, net 0 59 (77)
Increase (decrease) in accounts payable and other liabilities (1,141) (1,657) 4,314
Change in rent receivable and prepaid rent, net 2,922 (1,825) 1,967
Increase in accrued interest payable 16 808 2,438
Other adjustments, net 657 (1,200) 9,936
Net cash provided by operating activities: 227,761 235,273 244,930
Cash flows from investing activities:      
Investment in real estate, including intangible assets (558,571) (167,797) (349,926)
Investment in real estate under construction (83,274) (132,192) (137,158)
Capital expenditures (15,184) (4,408) (29,110)
Net proceeds from sale of properties 223,853 370,038 156,461
Net proceeds from sale of non-consolidated investment 6,127 0 0
Principal payments received on loans receivable 139,280 2,214 4,746
Investment in loans receivable 0 0 (10,274)
Investments in and advances to non-consolidated entities, net (9,898) (37,240) (18,900)
Distributions from non-consolidated entities in excess of accumulated earnings 531 8,175 1,728
Payments of deferred leasing costs (6,526) (6,558) (6,681)
Change in escrow deposits and restricted cash 23,720 (21,571) 2,745
Change in real estate deposits 20,826 (20,848) (1,902)
Net cash used in investing activities (259,116) (10,187) (388,271)
Cash flows from financing activities:      
Dividends to common and preferred shareholders (172,101) (165,858) (164,737)
Conversion of convertible notes 0 (672) (529)
Principal amortization payments (30,082) (26,796) (32,440)
Principal payments on debt, excluding normal amortization (50,797) (109,973) (106,956)
Change in revolving credit facility borrowing, net 160,000 (177,000) 177,000
Payment of developer liabilities 0 (4,016) 0
Payments of deferred financing costs (2,124) (1,842) (9,336)
Proceeds of mortgages and notes payable 45,400 254,650 190,843
Proceeds from term loans 95,000 0 0
Change in restricted cash 1,573 0 (1,573)
Cash distributions to noncontrolling interests (3,242) (3,404) (3,688)
Purchase/redemption of a noncontrolling interest (7,951) 0 (4,022)
Repurchase of common shares 0 (8,973) (18,431)
Issuance of common shares, net 16,804 12,186 19,382
Net cash provided by (used in) financing activities 52,480 (231,698) 45,513
Change in cash and cash equivalents 21,125 (6,612) (97,828)
Cash and cash equivalents, at beginning of year 86,637 93,249 191,077
Cash and cash equivalents, at end of year 107,762 86,637 93,249
LCIF [Member]      
Cash flows from operating activities:      
Net income (loss) 3,559 (3,921) 42,315
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 37,356 34,660 31,145
Gains on sales of properties (4,491) (36,380) 0
Debt satisfaction gains, net 0 4,733 33
Impairment charges and loan losses 12,061 72,072 787
Straight-line rents (4,499) (26,891) (35,962)
Other non-cash (income) expense, net (603) (1,914) (2,190)
Equity in (earnings) losses of non-consolidated entities (476) (324) (158)
Distributions of accumulated earnings from non-consolidated entities, net 408 324 150
Increase (decrease) in accounts payable and other liabilities 397 (2,180) 1,129
Change in rent receivable and prepaid rent, net 12 (710) (316)
Increase in accrued interest payable 18 (269) (215)
Other adjustments, net 126 (293) 1,692
Net cash provided by operating activities: 43,868 38,907 38,410
Cash flows from investing activities:      
Investment in real estate, including intangible assets (71,272) (52,700) (152,000)
Investment in real estate under construction (20,894) (31,220) (20,699)
Capital expenditures (4,277) (1,466) (6,295)
Net proceeds from sale of properties 17,847 238,891 0
Principal payments received on loans receivable 0 0 3,480
Investment in loans receivable 0 0 (318)
Investments in and advances to non-consolidated entities, net (1,737) (81) (1,683)
Distributions from non-consolidated entities in excess of accumulated earnings 854 478 503
Payments of deferred leasing costs (2,474) (1,156) (1,553)
Real estate deposits (40) (28) 0
Change in escrow deposits and restricted cash 613 912 (843)
Net cash used in investing activities (81,380) 153,630 (179,408)
Cash flows from financing activities:      
Distributions to partners (65,489) (67,113) (19,741)
Principal amortization payments (1,054) (1,311) (1,454)
Principal payments on debt, excluding normal amortization 0 (23,934) (28,626)
Payments of deferred financing costs (875) (79) (1,281)
Proceeds of mortgages and notes payable 45,400 0 139,193
Related party note payment 0 0 (8,250)
Co-borrower debt borrowings (payments), net 180,000 (58,000) 0
Related party advances, net 8,389 (9,199) 71,959
Redemption of noncontrolling interests (129,990) 0 0
Net cash provided by (used in) financing activities 36,381 (159,636) 151,800
Change in cash and cash equivalents (1,131) 32,901 10,802
Cash and cash equivalents, at beginning of year 52,031 19,130 8,328
Cash and cash equivalents, at end of year $ 50,900 $ 52,031 $ 19,130