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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (207,925) $ (82,046)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 265,324 294,654
Non-cash interest expense 5,896 19,390
Amortization of stock-based compensation 19,446 17,087
Loss from unconsolidated real estate entities 6,443 2,219
Unrealized loss on non-real estate investments 3,024 2,269
Straight-line rents 14,045 (11,248)
Straight-line rent expense 3,075 3,846
Amortization of above- and below-market leases, net (3,899) (4,764)
Amortization of above- and below-market ground leases, net 1,986 2,064
Amortization of lease incentive costs 1,018 892
Impairment loss 36,543 0
Earnout liability fair value adjustment 0 (3,017)
Gain on sale of real estate 0 (23,154)
Deferred tax provision 2,702 549
Change in operating assets and liabilities:    
Accounts receivable 9,668 (2,398)
Deferred leasing costs and lease intangibles (17,926) (12,571)
Prepaid expenses and other assets (12,635) (18,374)
Accounts payable, accrued liabilities and other 45,503 37,137
Security deposits, prepaid rent and other (7,793) 503
Net cash provided by operating activities 164,495 223,038
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sales of real estate 0 167,045
Additions to investment in real estate (136,703) (229,298)
Cash acquired from consolidation of previously unconsolidated real estate entity 8,814 0
Settlement of earnout liability 5,000 0
Contributions to non-real estate investments (2,939) (4,184)
Proceeds from sales of non-real estate investments 0 503
Distributions from unconsolidated real estate entities 55 1,895
Contributions to unconsolidated real estate entities (41,668) (56,017)
Additions to non-real estate property, plant and equipment (18,315) (4,449)
Net cash used in investing activities (195,756) (124,505)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from unsecured and secured debt 136,724 338,356
Payments of unsecured and secured debt (30,000) (517,000)
Transaction costs (79) 0
Repurchases of common stock 0 (1,369)
Dividends paid to common stock and unitholders (15,377) (54,960)
Dividends paid to preferred stock and unitholders (15,447) (15,600)
Contributions from redeemable non-controlling members in consolidated real estate entities 0 1,125
Distributions to redeemable non-controlling members in consolidated real estate entities (3,924) (8,256)
Contributions from non-controlling members in consolidated real estate entities 19,588 21,531
Purchase of non-controlling interest (40,937) 0
Distributions to non-controlling members in consolidated real estate entities (24,013) (53,910)
Payments to satisfy tax withholding obligations (495) (87)
Net cash provided by (used in) financing activities 26,040 (290,170)
Net decrease in cash and cash equivalents and restricted cash (5,221) (191,637)
Cash and cash equivalents and restricted cash—beginning of period 119,156 285,731
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD $ 113,935 $ 94,094