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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income $ (15,698) $ 64,308 $ 134,592
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Gain on disposition of properties (5,140) (48,886) (81,965)
Gain on change in control 0 (5,571) 0
Depreciation and amortization 117,549 104,934 70,011
Distributions of operating income from unconsolidated affiliates 15,556 15,556 7,256
Equity in earnings and gains of unconsolidated affiliates (9,302) (23,371) (39,449)
Stock compensation expense 12,948 11,155 13,695
Amortization of financing costs 6,008 5,985 3,204
Impairment charge 0 14,455 0
Other, net (11,768) (10,621) (8,095)
Changes in assets and liabilities:      
Other liabilities 6,161 (4,285) 26,532
Prepaid expenses and other assets (7,168) (6,498) (11,677)
Rents receivable, net (10,044) (11,274) (4,847)
Accounts payable and accrued expenses (3,026) 8,768 591
Net cash provided by operating activities 96,076 114,655 109,848
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisition of real estate (147,985) (200,429) (495,644)
Development, construction and property improvement costs (94,834) (108,142) (149,434)
Issuance of or advances on notes receivable (3,002) (10,600) (157,352)
Proceeds from the disposition of properties, net 63,866 260,711 150,378
Investments in and advances to unconsolidated affiliates (3,161) (6,535) (72,098)
Return of capital from unconsolidated affiliates and other 26,338 43,684 79,030
Proceeds from notes receivable 26,000 32,000 42,819
Return of deposits for properties under contract 1,692 (2,000) 1,424
Payment of deferred leasing costs (6,106) (5,202) (7,515)
Change in control of previously unconsolidated (consolidated) affiliate 573 576 (5,172)
Net cash (used in) provided by investing activities (136,619) 4,063 (613,564)
CASH FLOWS FROM FINANCING ACTIVITIES      
Principal payments on mortgage and other notes (81,726) (306,119) (394,864)
Principal payments on unsecured debt (632,300) (277,134) (541,790)
Proceeds received on mortgage and other notes 187,173 156,344 222,071
Proceeds from unsecured debt 648,800 359,625 666,716
(Repurchase) issuance of Common Shares (55,111)   450,130
Capital contributions from noncontrolling interests 47,560 85,206 295,108
Distributions to noncontrolling interests (31,568) (39,942) (105,994)
Dividends paid to Common Shareholders (88,887) (99,527) (91,334)
Deferred financing and other costs (4,219) (6,211) (11,678)
Net cash (used in) provided by financing activities (10,278) (127,758) 488,365
Decrease in cash and restricted cash (50,821) (9,040) (15,351)
Cash of $74,823, $71,805 and $72,776 and restricted cash of $10,846, $22,904 and $37,284, respectively, beginning of year 85,669 94,709 110,060
Cash of $21,268, $74,823 and $71,805 and restricted cash of $13,580, $10,846 and $22,904, respectively, end of year 34,848 85,669 94,709
Supplemental disclosure of cash flow information      
Cash paid during the period for interest, net of capitalized interest of $5,625 and $13,509 and $21,109 respectively 61,832 49,942 42,279
Cash paid for income taxes, net of refunds 1,227 875 2,036
Supplemental disclosure of non-cash investing activities      
Assumption of accounts payable and accrued expenses through acquisition of real estate 2,597 2,173 3,587
Acquisition of real estate through conversion of note receivable   9,142  
Acquisition of undivided interest in a property through conversion of notes receivable 22,201 60,695  
Acquisition of real estate through assumption of debt     120,672
Acquisition of real estate through conversion of OP Units     29,336
Acquisition of capital lease obligation     76,461
Mortgage debt financed at time of acquisition     63,900
Assumption of prepaid expenses and other assets through acquisition of real estate     2,226
Change in control of previously unconsolidated (consolidated) investment      
(Increase) decrease in real estate, net (31,836) (39,322) 90,559
Gain on change in control 0 5,571  
Decrease in notes receivable   32,010  
Decrease (increase) in investments in and advances to unconsolidated affiliates 35,881 4,159 (21,421)
Decrease in noncontrolling interest     (75,713)
Change in other assets and liabilities (3,472) (1,842) 1,403
Increase (decrease) in cash and restricted cash upon change of control $ 573 $ 576 $ (5,172)