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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 61,793 $ 252,722 $ 3,479
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 96,734 116,424 163,008
Amortization of above and below market leases, net (5,510) (4,255) (1,907)
Amortization of debt premiums, discounts, and financing costs 1,219 5,206 7,708
Straight-line rental income (2,202) 20 24
Provision for asset impairment 27,754 117,722 108,154
Gain on sale of investment properties, net (34,181) (354,104) (40,682)
(Gain) loss on extinguishment of debt (838) 13,324 4,568
Loss on contribution to unconsolidated entity 0 0 12,919
Equity in losses (earnings) of unconsolidated of entities 804 (9,319) (35,167)
Distributions from unconsolidated entities 2,443 5,014 5,544
(Gain), loss and impairment of investment in unconsolidated entities, net 0 (1,434) (326)
Marketable securities realized (gain) and impairment, net (46,563) (5,081) (20,459)
Non-cash share-based compensation, net 3,355 2,178 2,481
Debt prepayment penalties and defeasance costs 0 (11,140) (5,578)
Changes in assets and liabilities:      
Accounts and rents receivable (1,048) (45) (8,099)
Deferred costs and other assets 2,051 6,701 8,492
Accounts payable and accrued expenses 5,561 (8,129) (1,300)
Other liabilities 6,780 (3,780) (7,244)
Net cash provided by operating activities 118,152 122,024 195,615
Cash flows from investing activities:      
Purchase of investment properties (500,113) (419,563) (307,116)
Acquired in-place and market-lease intangibles, net (50,207) (25,584) (11,146)
Capital expenditures and tenant improvements (15,910) (13,721) (27,192)
Investment in development projects (3,630) (53,077) (115,686)
Proceeds from sale of investment properties, net 198,243 1,568,978 196,583
Proceeds from sale of marketable securities, net 171,666 12,846 58,369
Proceeds from the sale of and return of capital from unconsolidated entities 0 6,344 40,269
Contributions to unconsolidated entities (6,875) (7,200) (35,326)
Distributions from unconsolidated entities 1,592 10,433 10,884
Lease commissions and other leasing costs (4,356) (3,836) (4,895)
Payments from notes receivable 0 0 12,549
Change in restricted cash 6,285 2,158 21,609
Other assets 10,061 (9,779) (3,176)
Net cash (used in) provided by investing activities (193,244) 1,067,999 (164,274)
Cash flows from financing activities:      
Payment of tax withholdings for share-based compensation (2,192) (1,493) (881)
Shares repurchased 0 (241,016) 0
Distributions (53,358) (98,606) (146,510)
Refund received of excess funds associated with 2016 tender offer 1,929 0 0
Proceeds from debt 0 449,306 408,928
Payoffs of debt (104,032) (1,072,166) (495,562)
Principal payments of mortgage debt (1,390) (10,832) (26,810)
Payment of loan fees and deposits (368) (56) (4,434)
Contributions from noncontrolling interests, net 0 0 152
Preferred stock redemption 0 0 (125)
Cash contribution to Highlands REIT, Inc. 0 (21,195) 0
Cash contribution to Xenia Hotels & Resorts, Inc. 0 0 (165,884)
Property level cash contribution to Xenia Hotels & Resorts, Inc. 0 0 (130,080)
Net cash used in financing activities (159,411) (996,058) (561,206)
Net (decrease) increase in cash and cash equivalents (234,503) 193,965 (529,865)
Cash and cash equivalents, at beginning of year 397,250 203,285 733,150
Cash and cash equivalents, at end of year 162,747 397,250 203,285
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of capitalized interest of $0, $1,147, and $7,107 for 2017, 2016, and 2015, respectively 31,196 56,980 95,294
Cash paid for income taxes, net of refunds of $918, $1,575, and $391 for 2017, 2016, and 2015, respectively 625 966 6,856
Supplemental schedule of non-cash transactions:      
Gross issuance of shares for share-based compensation 5,916 3,820 2,515
Land contributed to an unconsolidated entity 41,717 16,000 0
Net assets transferred at sale of real estate investments 4,037 2,007 2,371
Net assets acquired at purchase of real estate investments 3,102 2,586 3,172
Property surrendered in extinguishment of debt 2,440 0 0
Assumption of lender held escrows through acquisition of investment property 586 0 0
Mortgage assumed by buyers upon disposal of properties 0 131,189 0
Net equity distributed to Highlands REIT, Inc. (net of cash contributed) 0 129,910 0
Net equity distributed to Xenia Hotels & Resorts, Inc. (net of cash contributed) 0 0 1,484,872
Land contributed to an unconsolidated entity 0 0 46,174
Restricted cash used in purchase of investment properties 39,800 0 0
Restricted cash proceeds from sale of investment properties $ 39,760 $ 0 $ 0