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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 6 Months Ended
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Jun. 30, 2023 | Jun. 30, 2022
Statement of Cash Flows [Abstract] |  |
Net cash provided by operating activities: | $ 92,644 | $ 95,207
Cash flows from investing activities: |  |
Acquisition of real estate, including intangible assets | 0 | (131,276)
Investment in real estate under construction | (62,650) | (135,826)
Capital expenditures | (7,910) | (15,798)
Net proceeds from sale of properties | 27,338 | 54,523
Principal payments on loans receivable | 1,462 | 14
Investments in non-consolidated entities | (485) | (178)
Distributions from non-consolidated entities in excess of accumulated earnings | 5,536 | 15,609
Deferred leasing costs | (1,808) | (2,582)
Change in real estate deposits, net | (364) | (1,598)
Net cash used in investing activities | (38,881) | (217,112)
Cash flows from financing activities: |  |
Dividends to common and preferred shareholders | (76,112) | (72,749)
Principal amortization payments | (5,893) | (5,584)
Revolving credit facility borrowings | 50,000 | 155,000
Revolving credit facility payments | (50,000) | (35,000)
Cash contributions from noncontrolling interests | 296 | 5,781
Cash distributions to noncontrolling interests | (1,054) | (925)
Repurchases to settle tax obligations | (2,076) | (6,285)
Purchase of noncontrolling interest | 0 | (27,958)
Issuance of common shares, net | (145) | 38,497
Repurchase of common shares | 0 | (69,973)
Net cash used in financing activities | (84,984) | (19,196)
Change in cash, cash equivalents and restricted cash | (31,221) | (141,101)
Cash, cash equivalents and restricted cash, at beginning of period | 54,506 | 191,027
Cash, cash equivalents and restricted cash, at end of period | 23,285 | 49,926
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 | 23,161 | 49,817
Restricted cash at end of period | $ 124 | $ 109

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