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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 6 Months Ended
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Jun. 30, 2024 | Jun. 30, 2023
Statement of Cash Flows [Abstract] |  |
Net cash provided by operating activities: | $ 77,369 | $ 92,644
Cash flows from investing activities: |  |
Investment in real estate under construction | (58,812) | (62,650)
Capital expenditures | (3,696) | (7,910)
Net proceeds from sale of properties | 15,493 | 27,338
Principal payments on loans receivable | 0 | 1,462
Investments in non-consolidated entities | (699) | (485)
Distributions from non-consolidated entities in excess of accumulated earnings | 2,155 | 5,536
Deferred leasing costs | (2,759) | (1,808)
Maturity of held-to-maturity securities | 130,000 | 0
Change in real estate deposits, net | 378 | (364)
Net cash provided by (used) in investing activities | 82,060 | (38,881)
Cash flows from financing activities: |  |
Dividends to common and preferred shareholders | (79,070) | (76,112)
Principal amortization payments | (2,663) | (5,893)
Revolving credit facility borrowings | 0 | 50,000
Revolving credit facility payments | 0 | (50,000)
Repurchase of senior notes | (198,932) | 0
Cash contributions from noncontrolling interests | 665 | 296
Cash distributions to noncontrolling interests | (228) | (1,054)
Purchase of noncontrolling interests | (27,873) | 0
Issuance of common shares, net of costs and repurchases to settle tax obligations | (1,889) | (2,221)
Net cash used in financing activities | (309,990) | (84,984)
Change in cash, cash equivalents and restricted cash | (150,561) | (31,221)
Cash, cash equivalents and restricted cash, at beginning of period | 199,463 | 54,506
Cash, cash equivalents and restricted cash, at end of period | 48,902 | 23,285
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 | 48,676 | 23,161
Restricted cash at end of period | $ 226 | $ 124

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