Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows (USD $)
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 42,712,000 $ 56,854,000
Adjustments to reconcile net income to net cash provided by Operating activities:    
Depreciation and amortization, including related intangible assets 135,148,000 130,683,000
Depreciation and amortization on discontinued operations 8,196,000 13,363,000
Amortization of stock compensation 2,451,000 2,338,000
Amortization of deferred financing costs and debt discount 2,379,000 1,945,000
Write off of unamortized discount on senior unsecured notes 156,000 370,000
Equity in loss (earnings) of unconsolidated joint venture, net 2,059,000 (4,751,000)
Distributions of cumulative earnings from unconsolidated joint ventures 6,468,000 2,680,000
Realized (gains) and unrealized losses on disposition of rental property and impairments, net (61,079,000) (2,390,000)
Impairments 48,700,000  
Changes in operating assets and liabilities:    
Increase in unbilled rents receivable, net (8,504,000) (2,438,000)
Increase in deferred charges, goodwill and other assets (27,584,000) (22,521,000)
Decrease (increase) in accounts receivable, net 1,000 (909,000)
Increase in accounts payable, accrued expenses and other liabilities 5,967,000 8,056,000
Decrease in rents received in advance and security deposits (10,059,000) (2,472,000)
Decrease in accrued interest payable (4,083,000) (7,733,000)
Net cash provided by operating activities 142,928,000 173,075,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Rental property acquisitions and related intangibles (149,200,000)  
Rental property additions and improvements (67,172,000) (59,105,000)
Development of rental property (12,954,000) (16,301,000)
Proceeds from the sale of rental property 332,540,000 4,023,000
Issuance of notes and mortgage receivable (16,425,000)  
Repayment of notes receivable 208,000  
Investment in unconsolidated joint ventures (32,235,000) (32,477,000)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 20,671,000 1,028,000
Payment of contingent consideration (2,755,000)  
Decrease in restricted cash 126,000 906,000
Net cash provided by (used in) investing activities 72,804,000 (101,926,000)
CASH FLOW FROM FINANCING ACTIVITIES    
Borrowings from revolving credit facility 289,000,000 420,026,000
Repayment of revolving credit facility (289,000,000) (408,526,000)
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 2,343,000  
Repayment of mortgages, loans payable and other obligations (12,185,000) (22,424,000)
Payment of financing costs (5,459,000) (2,635,000)
Payment of dividends and distributions (119,561,000) (134,927,000)
Net cash provided by (used in) financing activities 34,066,000 (70,102,000)
Net increase in cash and cash equivalents 249,798,000 1,047,000
Cash and cash equivalents, beginning of period 58,245,000 20,496,000
Cash and cash equivalents, end of period $ 308,043,000 $ 21,543,000