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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES:      
Net income $ 87,340 $ 85,115 $ 73,081
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 37,610 35,932 29,431
Stock-based compensation expense 5,249 4,280 4,006
Impairment charges 1,880 766 2,250
Gain on sale of real estate, net (3,814) (3,582) (586)
Income from unconsolidated joint ventures (2,263) (1,138) (1,819)
Income distributions from unconsolidated joint ventures 1,738 1,695 552
Straight-line rental income (10,694) (13,477) (10,136)
Amortization of lease incentives 2,209 1,945 1,680
Provision for doubtful accounts (206) 457 619
Non-cash interest related to contingent liabilities 602 684 409
Effect of earn-out and related lease inducement write-off (842)    
Other non-cash items, net 1,282 1,216 985
Increase in interest receivable (5,367) (5,147) (3,939)
Decrease in accrued interest payable 601 701 418
Net change in other assets and liabilities (10,020) (3,739) 5,390
Net cash provided by operating activities 105,305 105,708 102,341
INVESTING ACTIVITIES:      
Investment in real estate properties (82,405) (74,923) (206,340)
Investment in real estate developments (22,901) (42,342) (25,929)
Investment in real estate capital improvements (2,899) (6,792) (7,534)
Capitalized interest (908) (1,408) (827)
Proceeds from sale of real estate, net 15,413 17,369 1,537
Investment in real estate mortgage loans receivable (11,913) (20,685) (67,134)
Principal payments received on mortgage loans receivable 17,863 8,278 4,808
Investment in unconsolidated joint ventures (3,848) (1,770) (23,042)
Payment of working capital reserve (439) (2,756) (805)
Advances and originations under notes receivable   (14,969) (1,554)
Principal payments received on notes receivable 25 100  
Net cash used in investing activities (92,012) (139,898) (326,820)
FINANCING ACTIVITIES:      
Bank borrowings 113,000 123,600 291,000
Repayment of bank borrowings (123,600) (137,000) (170,500)
Proceeds from issuance of senior unsecured notes 100,000 77,500 200,000
Principal payments on senior unsecured notes (31,167) (26,667) (29,167)
Proceeds from common stock issued 14,578 78,592  
Stock option exercises 202 159 79
Distributions paid to stockholders (90,219) (84,568) (76,765)
Contribution from non-controlling interests 3,488    
Financing costs paid (363) (147) (1,178)
Other (1,990) (2,230) (1,285)
Net cash (used in) provided by financing activities (16,071) 29,239 212,184
Decrease in cash and cash equivalents (2,778) (4,951) (12,295)
Cash and cash equivalents, beginning of period 7,991 12,942 25,237
Cash and cash equivalents, end of period 5,213 7,991 12,942
Supplemental disclosure of cash flow information:      
Interest paid $ 28,070 $ 24,490 $ 16,078