XML 30 R7.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net Loss$ (9,014)$ (196,404)
Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities:  
Depreciation70,65581,263
Amortization of Deferred Financing Costs3,2372,412
Other Amortization26,74230,934
Impairment of Real Estate, Net(2,303)173,017
Provision for Bad Debt1,0191,564
Equity in (Income) Loss of Joint Ventures(907)275
Distributions from Joint Ventures9492,087
Gain on Sale of Real Estate(14,721)(10,426)
Gain on Sale of Joint Venture Interests0(9,874)
Gain on Change in Control of Interests(689)0
Loss on Retirement of Debt4,6043,984
Prepayment Premiums Associated with Retirement of Debt(1,268)0
Mark-to-Market Loss on Interest Rate Protection Agreements1,5601,788
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net(633)(4,472)
Increase in Deferred Rent Receivable(5,746)(4,927)
Decrease in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits(4,338)(7,823)
Decrease (Increase) in Restricted Cash117(25)
Payments of Premiums and Discounts Associated with Senior Unsecured Notes(5,157)(6,279)
Net Cash Provided by Operating Activities64,10757,094
CASH FLOWS FROM INVESTING ACTIVITIES:  
Purchases of and Additions to Investment in Real Estate and Lease Costs(60,950)(68,584)
Net Proceeds from Sales of Investments in Real Estate70,08060,795
Contributions to and Investments in Joint Ventures(26)(752)
Distributions and Sales Proceeds from Joint Venture Interests71710,868
Repayment of Notes Receivable10,1731,206
Increase in Lender Escrows(318)(669)
Net Cash Provided by Investing Activities19,6762,864
CASH FLOWS FROM FINANCING ACTIVITIES:  
Debt and Equity Issuance Costs(3,304)(1,630)
Proceeds from the Issuance of Common Stock, Net of Underwriter's Discount202,84510,341
Repurchase and Retirement of Restricted Stock(1,001)(298)
Preferred Stock Dividends(15,254)(15,275)
Payments on Interest Rate Swap Agreement(381)(287)
Costs Associated with Retirement of Debt0(1,008)
Proceeds from Origination of Mortgage Loans Payable255,90095,780
Repayments on Mortgage Loans Payable(66,927)(6,078)
Repayments on Senior Unsecured Notes(217,522)(241,642)
Proceeds from Unsecured Credit Facility235,50051,500
Repayments on Unsecured Credit Facility(451,553)(10,341)
Net Cash Used in Financing Activities(61,697)(118,938)
Net Effect of Exchange Rate Changes on Cash and Cash Equivalents(136)136
Net Increase (Decrease) in Cash and Cash Equivalents22,086(58,980)
Cash and Cash Equivalents, Beginning of Period25,963182,943
Cash and Cash Equivalents, End of Period$ 47,913$ 124,099