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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 3 Months Ended
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Mar. 31, 2024 | Mar. 31, 2023
Statement of Cash Flows [Abstract] |  |
Net cash provided by operating activities: | $ 38,916 | $ 37,546
Cash flows from investing activities: |  |
Investment in real estate under construction | (24,195) | (34,256)
Capital expenditures | (2,610) | (3,703)
Net proceeds from sale of properties | 0 | 27,338
Principal payments on loans receivable | 0 | 1,462
Investments in non-consolidated entities | (609) | (451)
Distributions from non-consolidated entities in excess of accumulated earnings | 855 | 4,736
Deferred leasing costs | (1,094) | (410)
Change in real estate deposits, net | (43) | (245)
Net cash used in investing activities | (27,696) | (5,529)
Cash flows from financing activities: |  |
Dividends to common and preferred shareholders | (39,540) | (38,207)
Principal amortization payments | (1,325) | (2,887)
Revolving credit facility borrowings | 0 | 25,000
Revolving credit facility payments | 0 | (25,000)
Cash contributions from noncontrolling interests | 464 | 106
Cash distributions to noncontrolling interests | (75) | (268)
Purchase of noncontrolling interest | (4,910) | 0
Issuance of common shares, net of costs and repurchases to settle tax obligations | (1,862) | (2,224)
Net cash used in financing activities | (47,248) | (43,480)
Change in cash, cash equivalents and restricted cash | (36,028) | (11,463)
Cash, cash equivalents and restricted cash, at beginning of period | 199,463 | 54,506
Cash, cash equivalents and restricted cash, at end of period | 163,435 | 43,043
Reconciliation of cash, cash equivalents and restricted cash: |  |
Cash and cash equivalents at beginning of period | 199,247 | 54,390
Restricted cash at beginning of period | 216 | 116
Cash and cash equivalents at end of period | 163,213 | 42,923
Restricted cash at end of period | $ 222 | $ 120

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