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Consolidated Statements Of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 76,271,000 $ 82,475,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 35,129,000 32,963,000
Amortization 2,100,000 2,479,000
Amortization of commitment fees (589,000) (349,000)
Amortization of lease incentives 132,000 20,000
Straight-line rental income (11,797,000) (12,005,000)
Non-cash interest income on construction loan (943,000) (470,000)
Gain on sale of real estate 0 (50,000)
Loss on modification and extinguishment of debt 738,000 96,000
Gain on sale of marketable securities 0 (10,038,000)
Loan and realty losses 1,849,000 0
Share-based compensation 1,794,000 1,865,000
Change in operating assets and liabilities:    
Other assets (5,759,000) (2,321,000)
Accounts payable and accrued expenses 2,900,000 283,000
Net cash provided by operating activities 101,825,000 94,948,000
Cash flows from investing activities:    
Investment in mortgage and other notes receivable (9,845,000) (30,950,000)
Collection of mortgage and other notes receivable 2,775,000 24,155,000
Investment in real estate (129,558,000) (128,411,000)
Investment in real estate development 0 (8,446,000)
Investment in renovations of existing real estate (4,269,000) (2,891,000)
Proceeds from disposition of real estate properties 0 450,000
Proceeds from sales of marketable securities 0 18,182,000
Net cash used in investing activities (140,897,000) (127,911,000)
Cash flows from financing activities:    
Proceeds from revolving credit facilities 179,000,000 153,000,000
Payments on revolving credit facilities (73,000,000) (123,000,000)
Payments on term loans (568,000) (394,000)
Debt issuance costs 0 4,000
Value of shares withheld from options exercised for employee tax withholding (325,000) (360,000)
Proceeds from issuance of common shares, net 44,920,000 79,772,000
Consideration provided in convertible bond repurchase (29,985,000) (2,762,000)
Dividends paid to stockholders (80,988,000) (74,651,000)
Net cash provided by (used in) financing activities 39,054,000 31,601,000
(Decrease) increase in cash and cash equivalents (18,000) (1,362,000)
Cash and cash equivalents, beginning of year 3,063,000 4,832,000
Cash and cash equivalents, end of year $ 3,045,000 $ 3,470,000