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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 179,926 $ (134,307) $ (82,878)
Adjustments to reconcile net income (loss) to cash (used in) provided by operating activities:      
Depreciation and amortization 271,131 270,147 289,025
Net amortization of debt premiums, discounts and issuance costs 13,408 8,022 6,032
Straight line rental income (5,846) (6,069) (4,508)
Amortization of acquired real estate leases (7,211) (7,405) (6,791)
Loss on early extinguishment of debt 2,410 51 44
Gain on lease termination 0 (22,896) 0
Impairment of assets (174) 106,972 115,201
Gain on sale of properties (492,272) (6,487) (39,696)
Gains and losses on equity securities, net 42,232 (34,106) 41,898
Other non-cash adjustments, net (1,811) (2,203) (3,771)
Equity in earnings of an investee 0 0 (400)
Distribution of earnings from Affiliates Insurance Company 0 0 2,574
Change in assets and liabilities:      
Deferred leasing costs, net (20,701) (7,672) (8,625)
Other assets (51,201) (27,858) 12,267
Accrued interest 7,654 (305) (2,105)
Other liabilities (868) 22,660 (52,422)
Net cash (used in) provided by operating activities (63,323) 158,544 265,845
CASH FLOWS FROM INVESTING ACTIVITIES:      
Real estate acquisitions and deposits 0 (2,526) (50,636)
Real estate improvements (227,605) (185,585) (222,417)
Proceeds from sale of properties, net 103,257 147,388 254,241
Proceeds from sale of interest in joint venture, net 367,033 0 0
Proceeds from sale of RMR Inc. common shares, net 0 0 98,557
Distributions in excess of earnings from Affiliates Insurance Company 11 287 6,426
Net cash provided by (used in) investing activities 242,696 (40,436) 86,171
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of senior unsecured notes, net 492,500 985,000 0
Proceeds from borrowings on revolving credit facility 800,000 430,500 994,500
Repayments of borrowings on revolving credit facility 0 (968,000) (596,000)
Repayment of senior unsecured notes (300,000) (200,000) (400,000)
Repayment of term loan (200,000) (250,000) (100,000)
Repayment of other debt (3,159) (5,941) (46,345)
Loss on early extinguishment of debt settled in cash 0 (376) 0
Payment of debt issuance costs (10,347) (5,378) (417)
Repurchase of common shares (383) (171) (299)
Distributions to noncontrolling interest (22,348) (22,292) (21,583)
Distributions to shareholders (9,540) (42,825) (199,719)
Net cash provided by (used in) financing activities 746,723 (79,483) (369,863)
Increase (decrease) in cash and cash equivalents and restricted cash 926,096 38,625 (17,847)
Cash and cash equivalents and restricted cash at end of period 1,016,945 90,849 52,224
Cash and cash equivalents and restricted cash at beginning of period $ 90,849 $ 52,224 $ 70,071