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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flow from operating activities:    
Net income $ 38,168 $ 30,225
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation and amortization 92,777 83,866
Stock-based compensation 9,626 2,766
Amortization and write-off of debt issuance costs and fair market value of debt adjustments 2,117 2,550
Loss on debt extinguishment 0 16,568
Equity in net income of joint ventures (9,235) (658)
Reserve of preferred equity interests, net 0 22,935
Operating cash distributions from joint ventures 1,858 2,282
Gain on sale of joint venture interest (13,908) (45,553)
Gain on disposition of real estate, net (198) (775)
Impairment charges 7,270 0
Assumption of buildings due to ground lease terminations 0 (3,025)
Change in notes receivable accrued interest 0 647
Net change in accounts receivable 16,271 (20,560)
Net change in accounts payable and accrued expenses (300) (7,363)
Net change in other operating assets and liabilities 310 (12,040)
Total adjustments 106,588 41,640
Net cash flow provided by operating activities 144,756 71,865
Cash flow from investing activities:    
Real estate acquired, net of liabilities and cash assumed (31,473) 0
Real estate developed and improvements to operating real estate (35,290) (40,205)
Proceeds from disposition of real estate 13,902 1,062
Proceeds from sale of joint venture interest 16,067 140,441
Equity contributions to joint ventures (153) (146)
Distributions from joint ventures 5,386 3,267
Repayment of notes receivable 0 7,500
Net cash flow (used for) provided by investing activities (31,561) 111,919
Cash flow from financing activities:    
(Repayment of) proceeds from revolving credit facilities, net (135,000) 280,000
Repayment of senior notes, including repayment costs 0 (216,568)
Repayment of mortgage debt (19,152) (40,830)
Proceeds from issuance of common shares, net of offering expenses 225,330 0
Redemption of preferred shares (150,019) 0
Repurchase of common shares in conjunction with equity award plans and dividend reinvestment plan (4,487) (949)
Repurchase of common shares 0 (7,500)
Distributions to non-controlling interests and redeemable operating partnership units (23) (307)
Dividends paid (43,106) (88,083)
Net cash flow used for financing activities (126,457) (74,237)
Effect of foreign exchange rate changes on cash and cash equivalents (1) 4
Net (decrease) increase in cash, cash equivalents and restricted cash (13,262) 109,547
Cash, cash equivalents and restricted cash, beginning of period 74,414 19,133
Cash, cash equivalents and restricted cash, end of period $ 61,151 $ 128,684