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Supplemental Disclosures of Cash Flow Information
6 Months Ended
Jun. 30, 2016
Supplemental Disclosures of Cash Flow Information  
Supplemental Disclosures of Cash Flow Information

 

16.Supplemental Disclosures of Cash Flow Information

 

Cash paid for interest was $105.6 million in the first six months of 2016 and $114.6 million in the first six months of 2015.

 

Interest capitalized to properties under development was $212,000 in the first six months of 2016 and $266,000 the first six months of 2015.

 

Cash paid for income taxes was $3.4 million in the first six months of 2016 and $3.1 million in the first six months of 2015.

 

The following non-cash activity is included in the accompanying consolidated financial statements:

 

A.During the first six months of 2016, we assumed mortgages payable to third-party lenders of $32.5 million, and recorded $692,000 of net premiums. There were no assumed mortgages payable for the first six months of 2015.