Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 36,064 $ 39,719
Adjustments to reconcile net income to net cash provided by Operating activities:    
Depreciation and amortization, including related intangible assets 83,930 90,460
Amortization of deferred stock units 197 213
Amortization of stock compensation 805 5,563
Amortization of deferred financing costs 1,901 1,528
Amortization of debt discount and mark-to-market 2,018 3,836
Equity in (earnings) loss of unconsolidated joint venture, net 5,858 792
Distributions of cumulative earnings from unconsolidated joint ventures 2,698 3,756
Realized (gains) loss on disposition of rental property, net (34,543) (54,584)
Realized (gains) loss on sale of investment in unconsolidated joint ventures (6,448)  
Changes in operating assets and liabilities:    
Decrease (increase) in unbilled rents receivable, net 801 (3,551)
Increase in deferred charges, goodwill and other assets (14,802) (15,022)
Increase in accounts receivable, net (3,561) (2,325)
Increase in accounts payable, accrued expenses and other liabilities 1,478 22,540
Decrease in rents received in advance and security deposits (3,053) (4,798)
Increase (decrease) in accrued interest payable 6,342 (3,180)
Net cash provided by operating activities 79,685 84,947
CASH FLOWS FROM INVESTING ACTIVITIES    
Rental property acquisitions and related intangibles (4,057) (37,696)
Rental property additions and improvements (42,881) (41,825)
Development of rental property, other related costs and deposits (27,869) (7,896)
Proceeds from the sales of rental property 80,581 190,798
Proceeds from the sale of investment in unconsolidated joint venture 6,448  
Investments in notes receivable   (62,276)
Repayment of notes receivable 7,750 250
Investment in unconsolidated joint ventures (49,305) (38,948)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 1,985 837
Increase in restricted cash (7,808) (6,611)
Net cash used in investing activities (35,156) (3,367)
CASH FLOW FROM FINANCING ACTIVITIES    
Borrowings from revolving credit facility 129,000 233,500
Repayment of revolving credit facility (129,000) (177,500)
Repayment of senior unsecured notes   (200,000)
Proceeds from mortgages and loans payable 2,897 28,135
Repayment of mortgages, loans payable and other obligations (27,251) (42,469)
Payment of contingent consideration   (3,936)
Payment of financing costs (98) (198)
Cash from noncontrolling interests 158  
Payment of dividends and distributions (29,971) (59,875)
Net cash used in financing activities (54,265) (222,343)
Net decrease in cash and cash equivalents (9,736) (140,763)
Cash and cash equivalents, beginning of period 29,549 221,706
Cash and cash equivalents, end of period $ 19,813 $ 80,943