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, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 123,135 $ 36,064
Adjustments to reconcile net income to net cash provided by Operating activities:    
Depreciation and amortization, including related intangible assets 87,168 83,930
Amortization of directors deferred compensation stock units 198 197
Amortization of stock compensation 2,253 805
Amortization of deferred financing costs 2,349 1,901
Amortization of debt discount and mark-to-market 1,126 2,018
Equity in (earnings) loss of unconsolidated joint venture, net 2,168 5,858
Distributions of cumulative earnings from unconsolidated joint ventures 2,415 2,698
Gain on change of control of interests (15,347)  
Realized (gains) losses and unrealized losses on disposition of rental property, net (85,717) (34,543)
Gain on sale of investments in unconsolidated joint ventures (5,670) (6,448)
Gain from extinguishment of debt (12,420)  
Changes in operating assets and liabilities:    
(Increase) decrease in unbilled rents receivable, net (6,745) 801
Increase in deferred charges, goodwill and other assets (25,470) (14,802)
Decrease (increase) in accounts receivable, net 4,580 (3,561)
Increase (decrease) in accounts payable, accrued expenses and other liabilities (5,433) 1,478
Decrease in rents received in advance and security deposits (559) (3,053)
(Decrease) increase in accrued interest payable (3,196) 6,342
Net cash provided by operating activities 64,835 79,685
CASH FLOWS FROM INVESTING ACTIVITIES    
Rental property acquisitions and related intangibles (217,006) (4,057)
Rental property additions and improvements (51,638) (42,881)
Development of rental property and other related costs (77,386) (27,869)
Proceeds from the sales of rental property 326,899 80,581
Proceeds from the sale of investments in unconsolidated joint ventures 6,420 6,448
Repayment of notes receivable 250 7,750
Acquisition of noncontrolling interests (37,946)  
Investment in unconsolidated joint ventures (23,657) (49,305)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 3,189 1,985
Decrease (increase) in restricted cash 452 (7,808)
Net cash used in investing activities (70,423) (35,156)
CASH FLOW FROM FINANCING ACTIVITIES    
Borrowings from revolving credit facility 355,000 129,000
Repayment of revolving credit facility (435,000) (129,000)
Repayment of senior unsecured notes (200,000)  
Borrowings from unsecured term loan 350,000  
Proceeds from mortgages and loans payable 106,906 2,897
Repayment of mortgages, loans payable and other obligations (143,322) (27,251)
Payment of financing costs (6,656) (98)
Contributions from noncontrolling interests 1,065 158
Payment of dividends and distributions (30,025) (29,971)
Net cash used in financing activities (2,032) (54,265)
Net decrease in cash and cash equivalents (7,620) (9,736)
Cash and cash equivalents, beginning of period 37,077 29,549
Cash and cash equivalents, end of period $ 29,457 $ 19,813