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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES:    
Net income $ 68,241 $ 124,232
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 29,399 28,159
Stock-based compensation expense 4,938 4,384
Gain on sale of real estate, net (6,736) (62,698)
Income from unconsolidated joint ventures (1,973) (2,103)
Income distributions from unconsolidated joint ventures 2,577 1,727
Insurance proceeds for damaged property   2,619
Payment for remediation of damaged property   (455)
Straight-line rental income (3,598) (8,629)
Adjustment for collectibility of rental income 1,926  
Lease incentives funded (322) (1,272)
Amortization of lease incentives 281 1,651
Provision for doubtful accounts 153 76
Non-cash interest related to contingent liabilities   377
Other non-cash items, net 760 923
Increase in interest receivable (4,367) (4,240)
Decrease in accrued interest payable (184) (1,808)
Net change in other assets and liabilities (1,003) 495
Net cash provided by operating activities 90,092 83,438
INVESTING ACTIVITIES:    
Investment in real estate properties (38,334) (40,408)
Investment in real estate developments (15,052) (25,717)
Investment in real estate capital improvements (2,121) (2,063)
Capitalized interest (441) (850)
Proceeds from sale of real estate, net 8,068 82,340
Investment in real estate mortgage loans receivable (10,919) (20,530)
Principal payments received on mortgage loans receivable 565 1,636
Investments in unconsolidated joint ventures (394) (580)
Proceeds from dissolution of unconsolidated joint ventures 6,601  
Advances and originations under notes receivable (8,531) (50)
Principal payments received on notes receivable 3,446 3,848
Net cash used in investing activities (57,112) (2,374)
FINANCING ACTIVITIES:    
Bank borrowings 73,400 96,500
Repayment of bank borrowings (20,000) (73,000)
Principal payments on senior unsecured notes (14,667) (20,166)
Proceeds from common stock issued   1,005
Stock option exercises 123 123
Distributions paid to stockholders (68,241) (67,768)
Contribution from non-controlling interests 46 3,963
Distributions paid to non-controlling interests (243)  
Financing costs paid (41) (3,162)
Other (2,053) (1,201)
Net cash used in financing activities (31,676) (63,706)
Increase in cash, cash equivalents and restricted cash 1,304 17,358
Cash, cash equivalents and restricted cash, beginning of period 4,764 5,213
Cash, cash equivalents and restricted cash, end of period 6,068 22,571
Supplemental disclosure of cash flow information:    
Interest paid 22,431 $ 23,869
Non-cash investing and financing transactions:    
Reclassification of notes receivable to lease incentives 200  
Contribution from non-controlling interests $ 919