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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 6 Months Ended
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Jun. 30, 2021 | Jun. 30, 2020
Statement of Cash Flows [Abstract] |  |
Net cash provided by operating activities: | $ 108,687 | $ 93,547
Cash flows from investing activities: |  |
Acquisition of real estate, including intangible assets | (256,578) | (359,609)
Investment in real estate under construction | (57,176) | (10,583)
Capital expenditures | (2,918) | (9,338)
Net proceeds from sale of properties | 180,133 | 66,185
Investments in non-consolidated entities | (758) | (2,764)
Distributions from non-consolidated entities in excess of accumulated earnings | 2,991 | 4,043
Deferred leasing costs | (3,054) | (4,242)
Change in real estate deposits, net | (2,957) | 141
Net cash used in investing activities | (140,317) | (316,167)
Cash flows from financing activities: |  |
Dividends to common and preferred shareholders | (64,667) | (57,617)
Principal amortization payments | (7,676) | (9,972)
Revolving credit facility borrowings | 125,000 | 170,000
Revolving credit facility payments | 0 | (130,000)
Cash contributions from noncontrolling interests | 4,596 | 887
Cash distributions to noncontrolling interests | (1,130) | (1,133)
Repurchases to settle tax obligations | (5,120) | (2,623)
Issuance of common shares, net | (635) | 218,644
Repurchase of common shares | 0 | (11,042)
Net cash provided by financing activities | 50,368 | 177,144
Change in cash, cash equivalents and restricted cash | 18,738 | (45,476)
Less net decrease in cash classified within assets held for sale | (1,047) | 0
Cash, cash equivalents and restricted cash, at beginning of period | 179,421 | 129,310
Cash, cash equivalents and restricted cash, at end of period | 197,112 | 83,834
Reconciliation of cash, cash equivalents and restricted cash: |  |
Cash and cash equivalents at beginning of period | 178,795 | 122,666
Restricted cash at beginning of period | 626 | 6,644
Cash and cash equivalents at end of period | 196,383 | 67,043
Restricted cash at end of period | $ 729 | $ 16,791

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