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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2023 | Mar. 31, 2022
Statement of Cash Flows [Abstract] |  |
Net cash provided by operating activities: | $ 37,546 | $ 42,090
Cash flows from investing activities: |  |
Acquisition of real estate, including intangible assets | 0 | (72,148)
Investment in real estate under construction | (34,256) | (75,368)
Capital expenditures | (3,703) | (5,991)
Net proceeds from sale of properties | 27,338 | 255
Principal payments on loans receivable | 1,462 | 7
Investments in non-consolidated entities | (451) | (121)
Distributions from non-consolidated entities in excess of accumulated earnings | 4,736 | 1,537
Deferred leasing costs | (410) | (536)
Change in real estate deposits, net | (245) | (167)
Net cash used in investing activities | (5,529) | (152,532)
Cash flows from financing activities: |  |
Dividends to common and preferred shareholders | (38,207) | (36,827)
Principal amortization payments | (2,887) | (2,779)
Revolving credit facility borrowings | 25,000 | 0
Revolving credit facility payments | (25,000) | 0
Cash contributions from noncontrolling interests | 106 | 4,109
Cash distributions to noncontrolling interests | (268) | (172)
Repurchases to settle tax obligations | (2,076) | (6,285)
Purchase of noncontrolling interest | 0 | (27,958)
Issuance of common shares, net | (148) | 38,495
Net cash used in financing activities | (43,480) | (31,417)
Change in cash, cash equivalents and restricted cash | (11,463) | (141,859)
Cash, cash equivalents and restricted cash, at beginning of period | 54,506 | 191,027
Cash, cash equivalents and restricted cash, at end of period | 43,043 | 49,168
Reconciliation of cash, cash equivalents and restricted cash: |  |
Cash and cash equivalents at beginning of period | 54,390 | 190,926
Restricted cash at beginning of period | 116 | 101
Cash and cash equivalents at end of period | 42,923 | 49,063
Restricted cash at end of period | $ 120 | $ 105

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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3044-108585 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124098289&loc=d3e6676-107765 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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