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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flow from operating activities:      
Net income (loss) $ 116,105 $ (243,132) $ 61,199
Adjustments to reconcile net income (loss) to net cash flow provided by operating activities:      
Depreciation and amortization 242,102 346,204 389,519
Stock-based compensation 7,468 11,493 7,765
Amortization and write-off of debt issuance costs and fair market value of debt adjustments 16,354 7,472 2,147
Loss on debt extinguishment 58,656 63,204 0
Equity in net income of joint ventures (9,365) (8,837) (15,699)
Reserve of preferred equity interests 11,422 61,000 0
Net (gain) loss on sale and change in control of interests 0 (368) 1,087
Operating cash distributions from joint ventures 8,799 7,413 8,210
Gain on disposition of real estate, net (225,406) (161,164) (73,386)
Impairment charges 69,324 345,580 110,906
Valuation allowance of prepaid tax asset 0 10,794 0
Assumption of buildings due to ground lease terminations (2,150) (8,585) 0
Cash paid for interest rate hedging activities (4,538) 0 0
Change in notes receivable accrued interest 1,349 (2,705) (9,487)
Net change in accounts receivable (2,298) 2,470 1,410
Transaction costs related to RVI spin-off (27,203) 0 0
Net change in accounts payable and accrued expenses 11,388 (3,661) (9,775)
Net change in other operating assets and liabilities (7,200) (16,771) (13,233)
Total adjustments 148,702 653,539 399,464
Net cash flow provided by operating activities 264,807 410,407 460,663
Cash flow from investing activities:      
Real estate acquired, net of liabilities and cash assumed (35,069) (86,079) (145,975)
Real estate developed and improvements to operating real estate (124,906) (115,361) (162,926)
Proceeds from disposition of real estate 938,051 624,250 758,064
Hurricane property insurance advance proceeds 20,193 10,000 0
Equity contributions to joint ventures (59,420) (69,240) (6,849)
Repayment of joint venture advances, net 77,151 56,085 10,000
Net transactions with RVI (33,681) 0 0
Distributions from unconsolidated joint ventures 34,620 27,885 26,793
Issuance of notes receivable 0 0 (11,139)
Repayment of notes receivable 0 31,068 5,065
Net cash flow provided by investing activities 816,939 478,608 473,033
Cash flow from financing activities:      
Proceeds from (repayment of) revolving credit facilities, net 100,000 0 (210,000)
Proceeds from issuance of senior notes, net of offering expenses 0 791,113 0
Repayment of senior notes, including repayment costs (1,206,619) (958,509) (240,000)
Repayment of term loans and mortgage debt, including repayment costs (1,006,065) (542,486) (195,495)
Payment of debt issuance costs (32,825) (7,295) (43)
Proceeds from issuance of preferred shares, net of offering expenses 0 168,870 0
Proceeds from mortgage payable 1,350,000 0 0
Issuance of common shares in conjunction with equity award plans and dividend reinvestment plan 4,770 21,677 13,536
Repurchase of common shares (36,341) 0 0
Redemption of operating partnership units (736) (232) 0
Contribution of assets to RVI (52,358) 0 0
Distributions to non-controlling interests and redeemable operating partnership units (1,310) (835) (1,085)
Dividends paid (281,332) (305,819) (293,905)
Net cash flow used for financing activities (1,162,816) (833,516) (926,992)
Effect of foreign exchange rate changes on cash and cash equivalents (4) 0 1
Net (decrease) increase in cash, cash equivalents and restricted cash (81,070) 55,499 6,704
Cash, cash equivalents and restricted cash, beginning of year 94,724 39,225 32,520
Cash, cash equivalents and restricted cash, end of year $ 13,650 $ 94,724 $ 39,225