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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Statement of Cash Flows [Abstract]    
Net cash provided by operating activities: $ 38,916 $ 37,546
Cash flows from investing activities:    
Investment in real estate under construction (24,195) (34,256)
Capital expenditures (2,610) (3,703)
Net proceeds from sale of properties 0 27,338
Principal payments on loans receivable 0 1,462
Investments in non-consolidated entities (609) (451)
Distributions from non-consolidated entities in excess of accumulated earnings 855 4,736
Deferred leasing costs (1,094) (410)
Change in real estate deposits, net (43) (245)
Net cash used in investing activities (27,696) (5,529)
Cash flows from financing activities:    
Dividends to common and preferred shareholders (39,540) (38,207)
Principal amortization payments (1,325) (2,887)
Revolving credit facility borrowings 0 25,000
Revolving credit facility payments 0 (25,000)
Cash contributions from noncontrolling interests 464 106
Cash distributions to noncontrolling interests (75) (268)
Purchase of noncontrolling interest (4,910) 0
Issuance of common shares, net of costs and repurchases to settle tax obligations (1,862) (2,224)
Net cash used in financing activities (47,248) (43,480)
Change in cash, cash equivalents and restricted cash (36,028) (11,463)
Cash, cash equivalents and restricted cash, at beginning of period 199,463 54,506
Cash, cash equivalents and restricted cash, at end of period 163,435 43,043
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents at beginning of period 199,247 54,390
Restricted cash at beginning of period 216 116
Cash and cash equivalents at end of period 163,213 42,923
Restricted cash at end of period $ 222 $ 120