Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows (USD $)
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 39,273,000 $ 40,678,000
Adjustments to reconcile net income to net cash provided by Operating activities:    
Depreciation and amortization, including related intangible assets 94,418,000 92,447,000
Depreciation and amortization on discontinued operations 974,000 3,716,000
Amortization of stock compensation 1,687,000 1,635,000
Amortization of deferred financing costs and debt discount 1,582,000 1,272,000
Write off of unamortized discount on senior unsecured notes 0 370,000
Equity in loss (earnings) of unconsolidated joint venture, net 1,830,000 (2,333,000)
Distributions of cumulative earnings from unconsolidated joint ventures 4,712,000 1,494,000
Realized (gains) and unrealized losses on disposition of rental property, net (37,609,000) (2,378,000)
Impairments 23,851,000  
Changes in operating assets and liabilities:    
Increase in unbilled rents receivable, net (8,216,000) (1,610,000)
Increase in deferred charges, goodwill and other assets (16,859,000) (7,322,000)
Decrease (increase) in accounts receivable, net 1,171,000 (1,829,000)
Increase in accounts payable, accrued expenses and other liabilities 3,120,000 10,229,000
(Decrease) increase in rents received in advance and security deposits (6,758,000) 201,000
Increase (decrease) in accrued interest payable 1,007,000 (6,000)
Net cash provided by operating activities 104,183,000 136,564,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Rental property acquisitions and related intangibles (149,200,000)  
Rental property additions and improvements (39,688,000) (33,348,000)
Development of rental property (12,204,000) (8,352,000)
Proceeds from the sale of rental property 161,727,000  
Repayment of notes receivable 83,000  
Investment in unconsolidated joint ventures (31,500,000) (32,475,000)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 20,354,000 988,000
Payment of contingent consideration (2,755,000)  
Increase in restricted cash (300,000) (195,000)
Net cash used in investing activities (53,483,000) (73,382,000)
CASH FLOW FROM FINANCING ACTIVITIES    
Borrowings from revolving credit facility 289,000,000 302,526,000
Repayment of revolving credit facility (289,000,000) (348,026,000)
Proceeds from senior unsecured notes 268,928,000 299,403,000
Repayment of senior unsecured notes (100,000,000) (221,019,000)
Proceeds from mortgages and loans payable 1,798,000  
Repayment of mortgages, loans payable and other obligations (9,420,000) (4,674,000)
Payment of financing costs (2,643,000) (2,635,000)
Payment of dividends and distributions (89,669,000) (89,950,000)
Net cash provided by (used in) financing activities 68,994,000 (64,375,000)
Net increase (decrease) in cash and cash equivalents 119,694,000 (1,193,000)
Cash and cash equivalents, beginning of period 58,245,000 20,496,000
Cash and cash equivalents, end of period $ 177,939,000 $ 19,303,000