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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 14,947 $ 17,374
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of deferred leasing costs 11,349 11,342
Amortization of deferred debt costs 470 345
Non cash compensation costs of stock grants and options 449 321
Provision for credit losses 286 343
Decrease in accounts receivable and accrued income 2,950 1,270
Additions to deferred leasing costs (1,046) (931)
Decrease in prepaid expenses 1,163 1,415
Increase in other assets (5,165) (3,032)
Increase in accounts payable, accrued expenses and other liabilities 1,863 2,369
Increase (decrease) in deferred income (1,479) 736
Net cash provided by operating activities 25,787 31,552
Cash flows from investing activities:    
Acquisitions of real estate investments 0 (79,474)
Additions to real estate investments (3,483) (4,557)
Additions to development and redevelopment projects (13,240) (3,318)
Net cash used in investing activities (16,723) (87,349)
Cash flows from financing activities:    
Proceeds from notes payable 0 40,000
Repayments on notes payable (21,522) (6,569)
Proceeds from term loan facility 75,000 0
Proceeds from revolving credit facility 34,000 39,000
Repayments on revolving credit facility (80,000) (4,000)
Proceeds from construction loan 0 858
Additions to deferred debt costs (2,578) (285)
Proceeds from the issuance of:    
Common stock 3,997 3,667
Partnership units 2,017 2,431
Preferred stock redemption costs (13) 0
Distributions to:    
Series C preferred stockholders (3,823) (3,094)
Common stockholders (11,518) (11,073)
Noncontrolling interests (3,922) (3,789)
Net cash provided by (used in) financing activities (10,993) 57,146
Net increase (decrease) in cash and cash equivalents (1,929) 1,349
Cash and cash equivalents, beginning of period 10,908 8,322
Cash and cash equivalents, end of period 8,979 9,671
Supplemental disclosure of cash flow information:    
Cash paid for interest 11,228 11,354
Increase (decrease) in accrued real estate investments and development costs 1,438 (2,150)
Series D Cumulative Redeemable Preferred Stock    
Proceeds from the issuance of:    
Series D preferred stock 72,369 0
Series C Cumulative Preferred Stock    
Proceeds from the issuance of:    
Series C preferred stock redemption payment $ 75,000 $ 0