LIBERTY PROPERTY TRUST LPT Cash Flow

Liberty property trust (LPT)

CashFlow / Quarterly

Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
OPERATING ACTIVITIES
Net income
102,677	102,336	55,748	173,917	154,071	20,890	143,725	131,824	61,159	52,818	44,244	200,291	55,734	51,057	59,063	83,839	93,697	36,526	31,862	84,807	35,451	30,107	74,106	71,747	29,948	43,243	74,656	40,571	29,898	37,680	39,602	41,245	41,681	92,841	34,943	36,533	41,006	40,014	35,822
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
43,803	42,987	45,721	43,539	43,817	43,315	45,144	44,498	47,079	46,318	45,992	51,111	47,515	54,210	54,837	56,053	56,566	57,729	59,431	59,868	59,660	58,958	57,589	67,845	46,346	45,371	45,585	43,001	41,457	41,185	41,778	42,886	42,033	42,031	44,764	43,855	43,305	43,867	42,986
Amortization of deferred financing costs
1,187	1,110	1,201	924	954	955	967	989	937	937	937	906	1,064	1,002	1,002	1,146	1,081	1,095	1,073	1,084	1,098	1,119	1,510	1,148	988	984	980	1,277	1,184	1,209	1,188	1,242	1,213	1,214	1,521	1,604	1,381	2,083	1,271
Expensed pursuit costs
-	-	122	-	-	-	324	109	4,772	153	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges - real estate assets
7,190	4,018	10,373	13,688	0	26,000	0	-	-	-	-	-	-	-	-	1,469	0	1,036	15,739	117	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings of unconsolidated joint ventures
1,776	2,181	7,009	424	6,766	7,428	6,764	3,129	4,305	3,990	5,731	2,430	9,043	5,583	4,914	2,344	-847	-5,254	6,906	3,017	1,592	1,546	4,159	2,094	650	1,566	1,757	716	-3,082	769	916	1,026	827	1,109	534	734	385	783	394
Distributions from unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	314	-46	-1,951	4,441	0	-	-	-	-	231	143	205	265	88	328	0	208	201	45	0	305	-	-	-	-
Gain on property dispositions
59,596	58,299	19,682	145,279	96,880	48,344	94,170	84,423	23,840	5,895	807	193,599	1,318	3,832	20,521	43,327	53,467	1,249	2,271	43,608	18	2,035	46,117	49,284	3	7,651	41,713	7,062	461	3,316	1,587	7,524	5,993	50,459	1,631	1,903	912	4,650	3,630
Share-based compensation
1,332	1,432	9,641	946	1,049	1,628	9,633	1,652	1,967	2,529	7,971	2,177	2,010	1,097	14,566	6,443	1,205	2,067	7,437	2,035	1,922	1,920	6,580	1,802	1,815	1,914	4,445	1,750	1,870	2,127	4,310	2,503	1,880	1,678	4,494	1,584	1,810	2,348	5,853
Development service fee accrual
0	23,249	-23,249	-3,683	-551	59,288	2,968	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-696	-6,361	-1,818	-3,912	-1,543	-1,307	-762	3,371	-835	-868	-844	-802	-902	-2,772	-1,652	-1,794	-1,393	-3,760	-2,990	-2,733	-2,992	-1,575	-635	-2,063	-1,787	-2,849	-1,612	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-669	-1,174	-2,216	-	-2,373	-2,052	-489	-1,817	4,770	-1,513	-31,726	15,694	8,181	-839	-4,639	-4,849	-1,763	503	-24,604	-2,678	16,330	-4,734	5,196	8,038	4,256	-1,599	-3,401
Accounts receivable
4,603	-3,781	2,247	1,139	3,989	-3,152	706	-1,536	-1,346	-594	-36	-5,401	6,774	-5,824	4,030	14	-358	-4,335	3,670	-3,001	3,464	-2,745	4,052	5,120	644	-233	-642	2,022	-5,464	3,219	1,022	-1,050	1,491	-3,925	4,804	-2,703	2,944	-2,231	2,840
Deferred rent receivable
6,441	3,748	4,177	4,140	4,493	5,345	4,944	4,245	4,509	5,285	5,566	3,979	4,051	3,672	5,225	6,045	5,803	5,815	5,504	3,335	4,380	4,783	2,765	3,302	1,974	951	3,246	813	2,152	1,914	1,484	1,205	835	1,848	2,678	2,457	3,969	3,390	3,765
Prepaid expenses and other assets
4,412	7,156	-13,670	6,722	-2,782	-6,887	-20,312	5,548	38,389	-3,450	-6,824	9,388	23,366	-3,238	2,926	-5,037	3,642	3,482	13,058	-10,522	8,975	3,350	26,557	-27,965	51,866	-158	-1,319	-8,755	18,100	-5,052	6,578	-10,064	20,840	-12,587	-4,216	-10,834	20,397	-2,206	240
Accounts payable
11,040	-1,895	-13,874	-748	-1,094	3,662	-9,003	-3,098	17,403	2,982	-7,136	-12,400	17,466	115	3,762	-6,490	13,959	-5,531	-116	-13,525	9,724	2,538	6,562	209	14,333	25	1,136	-27,748	23,193	3,303	8,893	-16,831	11,681	1,744	3,177	-19,068	5,951	5,223	495
Accrued interest
8,509	-9,215	14,927	-13,182	13,410	-12,774	13,059	-12,911	12,989	-13,132	12,972	-17,076	12,458	-16,634	16,976	-17,617	16,595	-9,515	12,178	-16,764	12,747	-13,688	16,441	-13,309	19,080	-19,025	18,867	-16,013	10,981	-7,840	8,889	-8,910	8,682	-9,102	3,656	3,906	-5,379	3,573	-3,530
Other liabilities
13,869	-39,156	-25,587	32,330	-4,237	14,286	-26,084	-6,112	-3,441	17,843	-14,444	5,636	14,781	-4,715	-12,627	7,447	6,151	-2,062	-3,718	5,884	8,570	1,735	-36,537	20,616	21,079	-6,725	-12,002	15,474	-126	-5,067	-25,163	12,919	10,818	-7,508	-6,246	3,811	16,248	-10,416	-11,816
Net cash provided by operating activities
114,239	58,606	53,760	87,021	97,822	104,924	93,699	71,714	81,983	98,454	84,480	49,407	110,619	80,195	100,841	79,448	126,576	83,121	89,976	86,153	102,981	73,658	73,692	100,929	68,627	54,205	92,204	58,135	98,381	67,928	92,722	79,292	71,717	90,728	75,987	72,770	71,459	84,422	63,613
INVESTING ACTIVITIES
Investment in properties – acquisitions
51,916	26,438	130,432	204,567	81,714	116,308	95,027	193,312	42,489	19,838	0	-62	1,278	0	8,000	11,055	64,042	36,714	0	27,285	6,840	53,202	37,635	1,268,418	27,904	133,500	0	-	-	-	-	-	-	-	-	-	-	-	-
Investment in properties – other
13,020	11,444	7,392	10,645	12,227	18,501	3,603	16,385	14,157	13,140	12,422	11,389	13,679	17,024	13,314	19,588	24,453	20,780	12,805	40,986	22,407	22,551	16,522	33,912	16,329	17,310	6,794	4,461	17,323	14,655	13,243	24,219	18,508	14,049	19,058	19,532	18,199	25,059	13,067
Investments in and advances to unconsolidated joint ventures
3,758	1,569	3,240	2,690	5,114	7,502	66,420	5,413	15,821	12,055	13,278	20,121	19,088	16,737	14,635	13,067	13,427	11,360	5,822	8,349	1,886	11,579	429	4,449	3,583	1,774	6,379	-2,068	954	-127	2,702	-114	2,927	1,875	6,507	444	1,146	108	172
Distributions from unconsolidated joint ventures
6,600	5,930	8,209	9,180	13,533	5,001	11,521	3,953	4,911	2,751	9,427	13,676	14,122	8,566	26,684	10,102	15,114	1,881	6,098	5,117	4,784	2,451	2,978	6,949	1,850	3,104	1,871	-958	1,495	1,862	3,610	2,107	2,866	4,133	2,258	2,002	1,597	1,591	1,586
Net proceeds from disposition of properties/land
201,504	123,361	87,609	274,986	261,487	128,822	184,233	322,665	30,254	24,346	1,874	1,050,110	2,994	12,087	127,727	286,497	87,052	115,893	40,998	208,021	2	24,139	327,160	392,925	9,571	52,544	71,909	17,256	2,553	208,640	6,237	29,600	96,735	260,968	3,451	11,944	8,202	9,652	6,136
Net (advances on) proceeds from public reimbursement receivable/escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,001	-	2,098	2,345	8,500	-304	-604	6,847	-6,925	8,037	38,121	-55,764	-631	-1,692	-2,360	210	22,759
Investment in development in progress
46,696	51,098	68,026	83,390	69,001	44,264	51,932	71,165	53,252	71,369	64,661	83,296	83,449	99,222	76,522	87,130	45,427	30,119	48,001	65,891	72,285	75,721	74,478	42,143	33,893	20,334	27,509	46,861	55,461	53,657	43,405	23,434	14,884	6,217	4,093	0	509	2,845	4,127
Investment in land held for development
37,607	8,966	14,000	33,301	65,394	87,593	18,234	11,751	6,558	33,595	53,660	36,591	33,954	21,463	15,392	48,589	78,784	19,105	4,045	31,777	60,754	10,826	1,967	32,684	21,056	10,093	3,493	34,642	22,080	8,143	2,648	34,393	13,359	3,706	1,410	1,307	2,096	1,951	732
Payment of deferred leasing costs
5,230	15,290	4,653	10,819	5,053	11,216	2,183	9,254	9,674	11,206	7,544	10,376	7,249	6,857	8,200	14,268	11,009	13,711	9,684	11,714	10,157	9,094	9,158	13,905	7,830	7,779	7,387	4,974	3,022	6,465	7,983	9,349	5,818	5,054	5,790	7,298	8,524	9,526	4,941
Release (deposit) of escrows and other
18,886	20,614	-130,160	-91,752	255,113	542	-126,745	127,930	2,219	-17,299	-9,016	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	2,968	253	-8,095	-4,272	11,520	-6,755	1,601	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
30,991	-6,128	-1,765	30,506	-218,596	-152,103	85,100	-108,592	-109,005	-116,807	-131,248	873,936	-144,549	-140,903	26,443	98,958	-146,496	-7,260	-34,862	24,139	-169,669	-155,757	194,950	-998,759	-97,076	-132,797	30,718	-249,126	-101,746	105,262	-67,059	-160,282	-8,446	144,285	-31,780	-24,752	-58,115	-28,036	7,442
FINANCING ACTIVITIES
Net proceeds from issuance of common shares
457,118	1,090	3,909	2,078	728	1,260	3,267	1,452	3,133	3,371	852	1,062	7,626	3,837	504	602	12,968	12,648	12,579	14,376	12,509	16,116	15,472	14,987	845,629	63,925	44,927	15,902	11,574	15,037	16,197	11,156	8,816	12,495	12,085	15,311	10,432	8,829	2,862
Share repurchases, including shares related to tax withholdings
246	620	7,981	122	138	98	4,402	228	211	44	4,624	540	722	80	44,926	10,572	65,463	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of preferred units
0	0	2,200	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,060	0	0	0	-	-	-	-
Proceeds from unsecured notes
0	0	349,097	0	0	0	0	-	-	-	-	-	-	-	-	0	0	0	398,576	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of unsecured notes including prepayment premium
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,000	0	0	300,000	0	200,000	0	0	-	-	-	-	-	-	-	121,000	0	0	0	246,500	-	-	-	-
Proceeds from mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,663	3,477	3,261	7,118	10,170	6,125	11,186	0	0	0	0	0	108	350	285
Repayments of mortgage loans including prepayment penalty
48,552	48,283	1,632	1,607	1,577	28,663	1,714	1,821	2,098	1,946	1,930	4,278	3,137	19,022	3,101	62,394	108,403	2,407	2,160	46,827	2,316	4,994	2,019	6,628	1,471	1,257	1,249	6,996	1,143	7,672	19,288	1,453	1,431	1,418	25,558	20,559	13,723	121,012	1,596
Proceeds from credit facility
127,625	24,211	98,294	147,857	489,194	385,170	312,993	349,036	202,000	125,000	159,000	125,000	128,000	151,300	187,000	203,000	306,500	223,200	390,000	337,800	179,750	0	0	267,500	74,500	249,950	19,600	185,900	200,150	193,550	259,650	347,600	19,900	83,000	200,000	-	-	-	-
Repayments on credit facility
127,625	24,211	410,140	304,954	312,577	248,122	414,757	285,097	84,000	63,000	44,000	545,000	103,000	16,300	186,000	244,000	76,500	203,200	507,000	311,750	38,800	0	0	267,500	219,500	104,950	111,600	243,900	50,150	486,850	105,750	208,200	52,900	250,000	0	0	298,500	75,000	105,000
Payment of deferred financing costs
-331	-288	3,408	1,621	15	0	0	-	-	-	-	-	-	-	-	178	-73	0	3,551	7	-13	16	3,619	1,983	3,875	4	4	3,708	-774	3,987	285	3,010	0	1	12	480	9,209	4	4
Distribution paid on common shares
60,794	60,787	59,154	59,126	59,121	59,109	58,980	58,964	58,922	58,880	69,823	69,820	69,686	69,638	70,104	70,180	71,007	70,833	70,562	70,357	70,181	69,964	69,634	69,370	57,729	56,967	56,274	56,009	55,833	55,582	55,149	54,955	54,777	54,597	54,284	54,040	53,846	53,701	53,496
Distributions to partners/noncontrolling interests
1,559	989	2,412	1,491	1,834	1,645	1,651	1,385	1,881	1,582	1,987	2,522	1,843	2,053	1,794	1,892	1,883	1,958	1,863	1,761	1,878	1,900	1,914	1,819	1,792	3,866	1,961	4,102	3,009	6,247	3,883	7,092	6,875	7,334	7,108	7,040	7,039	7,194	7,337
Net cash provided by (used in) financing activities
346,298	-127,814	-35,627	-53,757	114,660	48,793	-165,244	-2,175	57,999	2,919	37,488	-916,743	47,613	48,044	-118,421	-201,614	-3,715	-42,550	-83,981	-78,526	-120,903	-60,758	-61,714	-64,813	1,088,071	85,808	-103,300	194,985	-118,347	-45,626	-18,322	74,986	-87,267	-217,855	-121,377	-50,808	56,984	-157,732	-164,286
Net increase in cash, cash equivalents and restricted cash
491,528	-75,336	16,368	63,770	-6,114	1,614	13,555	-39,053	30,977	-15,434	-9,280	6,600	13,683	-12,664	8,863	-23,208	-23,635	33,311	-28,867	31,766	-187,591	-142,857	206,928	-962,643	1,059,622	7,216	19,622	3,994	-121,712	127,564	7,341	-6,004	-23,996	17,158	-77,170	-2,790	70,328	-101,346	-93,231
Increase (decrease) in cash, cash equivalents and restricted cash related to foreign currency translation
-1,071	-878	2,455	911	-1,821	-2,284	506	248	650	1,082	470	-1,883	-733	-1,659	-553	-1,398	-766	987	-1,724	-1,506	-2,001	982	211	1,487	3,269	29	-3,544	293	1,659	-1,092	2,105	-208	-1,483	26	1,472	-742	2,072	-648	-2,680
Liberty Property Limited Partnership
Net income
102,677	102,336	55,748	173,917	154,071	20,890	143,725	131,824	61,159	52,818	44,244	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
43,803	42,987	45,721	-	43,817	43,315	45,144	-	47,079	46,318	45,992	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
1,187	1,110	1,201	963	954	955	967	939	937	937	937	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Expensed pursuit costs
-	-	122	-	-	-	324	109	4,772	153	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges - real estate assets
7,190	4,018	10,373	13,688	0	26,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings of unconsolidated joint ventures
1,776	2,181	7,009	424	6,766	7,428	6,764	3,129	4,305	3,990	5,731	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on property dispositions
59,596	58,299	19,682	145,279	96,880	48,344	94,170	84,423	23,840	5,895	807	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
1,332	1,432	9,641	946	1,049	1,628	9,633	1,652	1,967	2,529	7,971	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Development service fee accrual
0	23,249	-23,249	-3,683	-551	59,288	2,968	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-696	-6,361	-1,818	-3,912	-1,543	-1,307	-762	3,371	-835	-868	-844	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable
4,603	-3,781	2,247	1,139	3,989	-3,152	706	-1,536	-1,346	-594	-36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent receivable
6,441	3,748	4,177	4,140	4,493	5,345	4,944	4,245	4,509	5,285	5,566	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other assets
4,412	7,156	-13,670	6,722	-2,782	-6,887	-20,312	5,548	38,389	-3,450	-6,824	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
11,040	-1,895	-13,874	-748	-1,094	3,662	-9,003	-3,098	17,403	2,982	-7,136	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest
8,509	-9,215	14,927	-13,182	13,410	-12,774	13,059	-12,911	12,989	-13,132	12,972	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
13,869	-39,156	-25,587	32,330	-4,237	14,286	-26,084	-6,112	-3,441	17,843	-14,444	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
114,239	58,606	53,760	87,021	97,822	104,924	93,699	71,714	81,983	98,454	84,480	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in properties – acquisitions
51,916	26,438	130,432	204,567	81,714	116,308	95,027	193,312	42,489	19,838	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in properties – other
13,020	11,444	7,392	10,645	12,227	18,501	3,603	16,385	14,157	13,140	12,422	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in and advances to unconsolidated joint ventures
3,758	1,569	3,240	2,690	5,114	7,502	66,420	5,413	15,821	12,055	13,278	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions from unconsolidated joint ventures
6,600	5,930	8,209	9,180	13,533	5,001	11,521	3,953	4,911	2,751	9,427	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from disposition of properties/land
201,504	123,361	87,609	274,986	261,487	128,822	184,233	322,665	30,254	24,346	1,874	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in development in progress
46,696	51,098	68,026	83,390	69,001	44,264	51,932	71,165	53,252	71,369	64,661	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in land held for development
37,607	8,966	14,000	33,301	65,394	87,593	18,234	11,751	6,558	33,595	53,660	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of deferred leasing costs
5,230	15,290	4,653	10,819	5,053	11,216	2,183	9,254	9,674	11,206	7,544	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Release (deposit) of escrows and other
18,886	20,614	-130,160	-91,752	255,113	542	-126,745	127,930	2,219	-17,299	-9,016	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
30,991	-6,128	-1,765	30,506	-218,596	-152,103	85,100	-108,592	-109,005	-116,807	-131,248	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of preferred units
0	0	2,200	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from unsecured notes
0	0	349,097	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of mortgage loans including prepayment penalty
48,552	48,283	1,632	1,607	1,577	28,663	1,714	1,821	2,098	1,946	1,930	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from credit facility
127,625	24,211	98,294	147,857	489,194	385,170	312,993	349,036	202,000	125,000	159,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments on credit facility
127,625	24,211	410,140	304,954	312,577	248,122	414,757	285,097	84,000	63,000	44,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of deferred financing costs
-331	-288	3,408	1,621	15	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital contributions
457,118	1,090	3,909	2,078	728	1,260	3,267	1,452	3,133	3,371	852	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to partners/noncontrolling interests
62,599	62,396	69,547	-	61,093	60,852	65,033	-	61,014	60,506	76,434	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
346,298	-127,814	-35,627	-53,757	114,660	48,793	-165,244	-2,175	57,999	2,919	37,488	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in cash, cash equivalents and restricted cash
491,528	-75,336	16,368	-	-6,114	1,614	13,555	-	30,977	-15,434	-9,280	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in cash, cash equivalents and restricted cash related to foreign currency translation
-1,071	-878	2,455	911	-1,821	-2,284	506	248	650	1,082	470	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-