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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 6,979 $ 8,486
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 103,721 100,955
Loss on disposition of properties 441 0
Net unrealized holding losses on investments 5,277 (1,282)
Stock compensation expense 10,085 10,195
Straight-line rents 334 (1,619)
Equity in (earnings) losses of unconsolidated affiliates (15,952) 6,273
Distributions of operating income from unconsolidated affiliates 19,821 2,907
Adjustments to straight-line rent reserves (706) 0
Amortization of financing costs 5,896 4,661
Non-cash lease expense 2,787 2,702
Acceleration of below market lease 0 (8,057)
Impairment charges 0 3,686
Other, net (3,306) (3,760)
Changes in assets and liabilities:    
Rents receivable (6,193) 747
Other liabilities (3,507) (127)
Accounts payable and accrued expenses (2,468) 5,197
Prepaid expenses and other assets (17,743) (13,046)
Lease liability - operating leases (2,890) (2,751)
Net cash provided by operating activities 102,576 115,167
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions of real estate (48,855) (48,909)
Proceeds from the disposition of properties 58,670 0
Investments in and advances to unconsolidated affiliates (9,780) (30,563)
Development, construction and property improvement costs (62,399) (51,280)
(Payment) refund of deposits for properties under purchase contract (5,413) 1,080
Deposits for properties under sales contract 0 1,515
Return of capital from unconsolidated affiliates 14,910 41,948
Payment of deferred leasing costs (5,585) (6,233)
Proceeds from sale of marketable securities 10,503 2,371
Proceeds from repayment of note receivable 6,000 0
Issuance of note receivable (8,184) 0
Net cash used in investing activities (50,133) (90,071)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from unsecured debt 342,984 158,889
Principal payments on unsecured debt (655,871) (165,833)
Proceeds from the sale of Common Shares 328,842 0
Capital contributions from noncontrolling interests 46,118 31,857
Principal payments on mortgage and other notes (27,013) (99,103)
Distributions to noncontrolling interests (24,971) (32,965)
Dividends paid to Common Shareholders (54,681) (51,413)
Proceeds received from mortgage and other notes 49,226 132,902
Payment of deferred financing and other costs (11,004) (3,760)
Payments of finance lease obligations (2,072) (711)
Net cash used in financing activities (8,442) (30,137)
Increase (decrease) in cash and cash equivalents and restricted cash 44,001 (5,041)
Cash and cash equivalents of $17,481 and $17,158 and restricted cash of $7,813 and $15,063, respectively, beginning of period 25,294 32,221
Cash and cash equivalents of $46,207 and $19,312 and restricted cash of $23,088 and $7,868, respectively, end of period 69,295 27,180
Supplemental disclosure of cash flow information    
Cash paid during the period for interest, net of capitalized interest of $5,152 and $5,660 respectively 93,720 86,775
Cash paid for income taxes, net of refunds 202 248
Supplemental disclosure of non-cash investing and financing activities    
Dividends/distributions declared and payable 22,914 18,372
Assumption of accounts payable and accrued expenses through acquisition of real estate 0 465
Issuance of note receivable used as capital contributions from redeemable noncontrolling interests 0 796
Conversion of Common OP Units to Common Shares 20,888 1,715
Accrued interest on note receivable recorded to noncontrolling interest 8,927 6,995
Distributions to noncontrolling interests of marketable securities 0 49,117
Retained investment in an unconsolidated affiliate 2,432 0
Reclassification of investment in unconsolidated affiliate to marketable securities $ 0 $ 32,745