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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (43,554) $ 6,979
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 117,593 103,721
Gain (loss) on disposition of properties and other investments (2,515) 441
Net unrealized holding losses on investments 508 5,277
Stock compensation expense 8,664 10,085
Straight-line rents (2,691) (372)
Equity in losses (earnings) of unconsolidated affiliates 9,598 (15,952)
Distributions of operating income from unconsolidated affiliates 2,054 19,821
Amortization of financing costs 6,600 5,896
Non-cash lease expense 3,063 2,787
Loss on change in control 9,622 0
Impairment charges 37,210 0
Other, net (7,673) (3,306)
Changes in assets and liabilities:    
Rents receivable (5,874) (6,193)
Other liabilities (8,638) (3,507)
Accounts payable and accrued expenses (2,207) (2,468)
Prepaid expenses and other assets 6,270 (17,743)
Lease liabilities - operating leases (3,035) (2,890)
Net cash provided by operating activities 124,995 102,576
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions of real estate (406,907) (48,855)
Proceeds from the disposition of properties and other investments, net 61,533 58,670
Investments in unconsolidated affiliates (6,964) (9,780)
Development, construction and property improvement costs (86,638) (62,399)
Refund (payment) for properties under purchase contract 11,500 (5,413)
Increase in cash and restricted cash upon change of control 6,777 0
Return of capital from unconsolidated affiliates 9,734 14,910
Payment of deferred leasing costs (9,828) (5,585)
Proceeds from sale of marketable securities 9,761 10,503
Proceeds from repayment of note receivable 807 6,000
Issuance of note receivable (20,211) (8,184)
Net cash used in investing activities (430,436) (50,133)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from unsecured debt 1,091,200 342,984
Principal payments on unsecured debt (790,200) (655,871)
Proceeds from issuances of Common Shares 277,519 328,842
Capital contributions from noncontrolling interests 14,424 46,118
Principal payments on mortgage and other notes (192,309) (27,013)
Proceeds received from mortgage and other notes 60,336 49,226
Distributions to noncontrolling interests (30,402) (24,971)
Dividends paid to Common Shareholders (75,128) (54,681)
Payment of deferred financing and other costs (5,359) (11,004)
Acquisition of noncontrolling interest (9,865) 0
Payments of finance lease obligations 557 (2,072)
Net cash provided by (used in) financing activities 340,773 (8,442)
Increase in cash and cash equivalents and restricted cash 35,332 44,001
Cash and cash equivalents of $16,806 and $17,481 and restricted cash of $22,897 and $7,813, respectively, beginning of period 39,703 25,294
Cash and cash equivalents of $49,388 and $46,207 and restricted cash of $25,647 and $23,088, respectively, end of period 75,035 69,295
Supplemental disclosure of cash flow information    
Cash paid during the period for interest, net of capitalized interest of $8,234 and $5,152 respectively [1] 83,457 93,720
Cash paid for income taxes, net of refunds 330 202
Supplemental disclosure of non-cash investing and financing activities    
Dividends/Distributions declared and payable 27,720 22,914
Conversion of Common and Preferred OP Units to Common Shares 2,403 20,888
Accrued interest on note receivable recorded to noncontrolling interest 9,296 8,927
Retained investment in an unconsolidated affiliate 0 2,432
Adjustment of redeemable non-controlling interest to estimated redemption value 1,014 0
Note receivable and accrued interest exchanged for redeemable noncontrolling interest 48,064 0
Increase (decrease) in assets and liabilities resulting from the consolidation of previously unconsolidated investment:    
Operating real estate 201,700 0
Mortgage and other notes payable 156,117 0
Investments in and advances to unconsolidated affiliates (28,516) 0
Rents receivable and other assets 654 0
Accounts payable and other liabilities 4,548 0
Noncontrolling interests $ 29,572 $ 0
[1] Cash paid during the period for interest only includes payments made on our mortgages and does not capture the effect of hedging instruments. The Company received net cash from interest rate swap settlements of $9.9 million and $22.4 million for the nine months ended September 30, 2025 and 2024, respectively.