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
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 68,769 $ (3,325)
Adjustments to reconcile net income to net cash provided by Operating activities:    
Depreciation and amortization, including related intangible assets 43,413 41,185
Amortization of deferred stock units 101 98
Amortization of stock compensation 785 313
Amortization of deferred financing costs 1,169 953
Amortization of debt discount and mark-to-market 610 997
Equity in (earnings) loss of unconsolidated joint venture, net 1,554 3,529
Distributions of cumulative earnings from unconsolidated joint ventures 574 815
Realized (gains) loss on disposition of rental property, net (58,600) (144)
Gain on change of control of interests (10,156)  
Changes in operating assets and liabilities:    
(Increase) decrease in unbilled rents receivable, net (2,169) 347
Increase in deferred charges, goodwill and other assets (19,323) (10,828)
Decrease (increase) in accounts receivable, net 1,243 (866)
Increase (decrease) in accounts payable, accrued expenses and other liabilities (2,370) 8,159
Increase (decrease) in rents received in advance and security deposits 370 (4,717)
(Decrease) Increase in accrued interest payable (489) 2,671
Net cash provided by operating activities 25,481 39,187
CASH FLOWS FROM INVESTING ACTIVITIES    
Rental property acquisitions and related intangibles (47,818)  
Rental property additions and improvements (34,603) (19,658)
Development of rental property and other related costs (16,131) (12,519)
Proceeds from the sale of rental property 94,710 1,072
Repayment of notes receivable 125  
Investment in unconsolidated joint ventures (7,225) (20,880)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 1,771 1,097
Decrease (increase) in restricted cash 7,777 (1,535)
Net cash (used in) provided by investing activities (1,394) (52,423)
CASH FLOW FROM FINANCING ACTIVITIES    
Borrowings from revolving credit facility 150,000 56,000
Repayment of revolving credit facility (215,000) (14,000)
Repayment of senior unsecured notes (200,000)  
Borrowings from unsecured term loan 350,000  
Proceeds from mortgages and loans payable 77,666 1,150
Repayment of mortgages, loans payable and other obligations (89,712) (25,228)
Payment of financing costs (3,392) (30)
Cash from noncontrolling interests 703 94
Payment of dividends and distributions (15,008) (14,984)
Net cash provided by (used in) financing activities 55,257 3,002
Net increase (decrease) in cash and cash equivalents 79,344 (10,234)
Cash and cash equivalents, beginning of period 37,077 29,549
Cash and cash equivalents, end of period $ 116,421 $ 19,315