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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 149,970,000 $ 152,146,000 $ 44,640,000
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 60,751,000 49,645,000 43,071,000
Amortization of financing costs 3,537,000 3,003,000 3,082,000
Gain on disposition of property (89,063,000) (14,360,000) (18,802,000)
Loss on debt extinguishment 135,000 335,000 1,565,000
Impairment of asset 5,000,000 0 8,183,000
Share compensation expense 7,438,000 6,744,000 7,667,000
Equity in earnings of unconsolidated affiliates (13,287,000) (8,723,000) (12,382,000)
Gain on disposition of properties of unconsolidated affiliates (24,043,000) (102,855,000) 0
Distributions of operating income from unconsolidated affiliates 12,291,000 9,579,000 9,829,000
Other, net (6,618,000) (4,147,000) (4,771,000)
Changes in assets and liabilities      
Cash in escrow (6,168,000) (686,000) 218,000
Rents receivable, net (5,673,000) (8,097,000) 997,000
Prepaid expenses and other assets 12,690,000 852,000 (22,524,000)
Accounts payable and accrued expenses 1,284,000 (4,016,000) 5,586,000
Other liabilities 5,354,000 3,099,000 (1,126,000)
Net cash provided by operating activities 113,598,000 82,519,000 65,233,000
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisition of real estate (344,476,000) (250,353,000) (220,041,000)
Redevelopment and property improvement costs (164,315,000) (140,118,000) (106,883,000)
Deferred leasing costs (8,207,000) (3,914,000) (4,617,000)
Investments in and advances to unconsolidated affiliates (24,168,000) (156,972,000) (56,171,000)
Return of capital from unconsolidated affiliates 11,892,000 74,371,000 108,899,000
Proceeds from disposition of properties of unconsolidated affiliates 38,392,000 190,356,000 0
Consolidation of previously unconsolidated investment 0 0 1,864,000
Proceeds from notes receivable 15,984,000 18,095,000 29,583,000
Issuance of notes receivable (48,500,000) (31,169,000) (45,050,000)
Proceeds from disposition of properties 168,895,000 31,188,000 204,537,000
Net cash used in investing activities (354,503,000) (268,516,000) (87,879,000)
CASH FLOWS FROM FINANCING ACTIVITIES      
Principal payments on mortgage and other notes (383,238,000) (176,323,000) (437,257,000)
Proceeds received on mortgage and other notes 507,659,000 284,303,000 572,443,000
Loan proceeds held as restricted cash 48,676,000 79,191,000 (109,795,000)
Purchase of convertible notes payable (380,000) 0 (550,000)
Deferred financing and other costs (4,376,000) (3,672,000) (11,741,000)
Capital contributions from noncontrolling interests 35,489,000 57,970,000 49,324,000
Distributions to noncontrolling interests (84,610,000) (221,330,000) (88,975,000)
Dividends paid to Common Shareholders (86,353,000) (53,210,000) (44,115,000)
Proceeds from issuance of Common Shares, net of issuance costs of $1,150, $2,112 and $1,645 respectively 63,234,000 357,459,000 80,688,000
Net cash provided by financing activities 96,101,000 324,388,000 10,022,000
(Decrease) increase in cash and cash equivalents (144,804,000) 138,391,000 (12,624,000)
Cash and cash equivalents, beginning of period 217,580,000 79,189,000 91,813,000
Cash and cash equivalents, end of period 72,776,000 217,580,000 79,189,000
Supplemental disclosure of cash flow information      
Cash paid during the period for interest, net of capitalized interest of $16,447, $12,650 and $9,193, respectively 47,960,000 46,542,000 41,543,000
Cash paid for income taxes, net of refunds received of $0, $2,045 and $0, respectively 2,038,000 (1,772,000) 301,000
Supplemental disclosure of non-cash investing activities      
Acquisition of real estate through assumption of debt 91,885,000 29,794,000 0
Disposition of real estate through forgiveness of debt 0 (22,865,000) 0
Acquisition of real estate through issuance of OP Units 0 38,937,000 33,300,000
Investments in and advances to unconsolidated affiliates through issuance of OP Units 0 5,114,000 0
Acquisition of real estate through conversion of notes receivable 13,386,000 38,000,000 18,500,000
Acquisition of real estate through assumption of restricted cash (28,912,000) 0 0
Disposition of air rights through issuance of notes receivable (29,539,000) 0 0
Consolidation of previously unconsolidated investment      
Real estate, net 0 0 (118,484,000)
Mortgage notes payable 0 0 166,200,000
Distributions in excess of income from, and investments in, unconsolidated affiliates 0 0 (10,298,000)
Other assets and liabilities 0 0 (1,605,000)
Noncontrolling interest 0 0 (33,949,000)
Consolidation of previously unconsolidated investment $ 0 $ 0 $ 1,864,000