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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 185,242 $ 200,018
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of real estate assets and leasing costs 263,662 261,129
Depreciation of non-real estate furniture, fixtures and equipment 5,600 5,086
Revenue reversals for doubtful accounts, net (Note 7) 3,931 191
Non-cash amortization of share-based compensation awards 28,360 21,635
Non-cash amortization of deferred financing costs and debt discounts 3,921 2,442
Non-cash amortization of net below market rents (5,675) (8,171)
Gain on sale of depreciable operating property 0 (17,329)
Non-cash amortization of deferred revenue related to tenant-funded tenant improvements (14,643) (14,221)
Straight-line rents (16,533) (38,239)
Amortization of right of use ground lease assets 765 594
Net change in other operating assets 2,042 (5,323)
Net change in other operating liabilities 35,694 76,418
Net cash provided by operating activities 492,366 484,230
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of certificates of deposit (Note 2) (252,830) 0
Expenditures for development and redevelopment properties and undeveloped land (338,794) (334,711)
Expenditures for operating properties and other capital assets (68,853) (65,526)
Expenditures for acquisitions of development properties and undeveloped land 0 (40,033)
Net proceeds received from disposition 0 33,416
Net cash used in investing activities (660,477) (406,854)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase of common stock and restricted stock units (11,595) (22,921)
Distributions to noncontrolling interests in consolidated property partnerships (22,818) (27,497)
Dividends and distributions paid to common stockholders and common unitholders (191,499) (183,822)
Financing costs (10,962) (3,083)
Principal payments and repayments of secured debt (4,310) (4,146)
Proceeds from issuance of secured debt (Note 4) 375,000 0
Borrowings on unsecured debt (Note 4) 320,000 0
Repurchases of unsecured debt (Note 4) (14,290) 0
Net cash provided by (used in) financing activities 439,526 (241,469)
Net increase (decrease) in cash and cash equivalents and restricted cash 271,415 (164,093)
Cash and cash equivalents and restricted cash, beginning of period 347,379 427,083
Cash and cash equivalents and restricted cash, end of period $ 618,794 $ 262,990