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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income $ 36,016 $ 189,107
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 46,838 72,751
Amortization of above and below market leases, net (2,964) (1,561)
Amortization of debt premiums, discounts and financing costs 668 3,583
Straight-line rental income (1,125) 809
Provision for asset impairment 16,440 114,904
Gain on sale of investment properties, net (14,381) (301,697)
(Gain) loss on extinguishment of debt (882) 7,880
Equity in earnings of unconsolidated entities (1,247) (3,872)
Distributions from unconsolidated entities 351 2,788
Gain on sale of investment in unconsolidated entities 0 (1,434)
Marketable securities realized gain (30,869) (628)
Non-cash stock-based compensation, net 2,411 1,321
Prepayment penalties and defeasance costs 0 (7,753)
Changes in assets and liabilities:    
Accounts and rents receivable 190 7,424
Deferred costs and other assets 1,140 3,192
Accounts payable and accrued expenses (4,642) 947
Other assets (liabilities) 12,315 (2,268)
Net cash provided by operating activities 60,259 85,493
Cash flows from investing activities    
Purchase of investment properties (230,623) (295,787)
Acquired in-place and market lease intangibles, net (17,651) (14,277)
Capital expenditures and tenant improvements (13,025) (3,843)
Investment in development projects 0 (50,423)
Proceeds from sale of investment properties, net 56,924 1,389,845
Proceeds from sale of marketable securities 136,696 1,591
Proceeds from the sale of and return of capital from unconsolidated entities 0 5,480
Contributions to unconsolidated entities (3,189) (3,600)
Distributions from unconsolidated entities 600 3,537
Payment of leasing fees (1,759) (1,590)
Restricted cash and other assets 12,232 (2,990)
Other assets (6,013) (11,333)
Net cash (used in) provided by investing activities (65,808) 1,016,610
Cash flows from financing activities    
Distributions paid (26,477) (56,035)
Refund of excess funds associated with 2016 tender offer 1,929 0
Proceeds from debt 0 299,646
Payoffs of debt 0 (704,651)
Principal payments of mortgage debt (623) (10,205)
Payment of loan fees and deposits (293) (31)
Cash contributed to Highlands REIT, Inc. 0 (21,195)
Net cash used in financing activities (25,464) (492,471)
Net (decrease) increase in cash and cash equivalents (31,013) 609,632
Cash and cash equivalents, at beginning of period 397,250 203,285
Cash and cash equivalents, at end of period $ 366,237 $ 812,917