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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 3 Months Ended
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Mar. 31, 2022 | Mar. 31, 2021
Statement of Cash Flows [Abstract] |  |
Net cash provided by operating activities: | $ 42,090 | $ 57,400
Cash flows from investing activities: |  |
Acquisition of real estate, including intangible assets | (72,148) | (50,778)
Investment in real estate under construction | (75,368) | (29,988)
Capital expenditures | (5,991) | (1,303)
Net proceeds from sale of properties | 255 | 56,509
Principal payments received on loans receivable | 7 | 0
Investments in non-consolidated entities | (121) | (553)
Distributions from non-consolidated entities in excess of accumulated earnings | 1,537 | 2,743
Deferred leasing costs | (536) | (2,232)
Change in real estate deposits, net | (167) | 686
Net cash used in investing activities | (152,532) | (24,916)
Cash flows from financing activities: |  |
Dividends to common and preferred shareholders | (36,827) | (33,453)
Principal amortization payments | (2,779) | (4,760)
Cash contributions from noncontrolling interests | 4,109 | 2,223
Cash distributions to noncontrolling interests | (172) | (374)
Purchase of noncontrolling interest | (27,958) | 0
Repurchases to settle tax obligations | (6,285) | (5,120)
Issuance of common shares, net | 38,495 | (246)
Net cash used in financing activities | (31,417) | (41,730)
Change in cash, cash equivalents and restricted cash | (141,859) | (9,246)
Cash, cash equivalents and restricted cash, at beginning of period | 191,027 | 179,421
Cash, cash equivalents and restricted cash, at end of period | 49,168 | 170,175
Reconciliation of cash, cash equivalents and restricted cash: |  |
Cash and cash equivalents at beginning of period | 190,926 | 178,795
Restricted cash at beginning of period | 101 | 626
Cash and cash equivalents at end of period | 49,063 | 142,074
Restricted cash at end of period | $ 105 | $ 28,101

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