we also owned interests in three parcels of land available for development and five parcels of land available for sale . we are predominantly a community shopping center company with a focus on managing and adding value to our portfolio of centers that are primarily multi-anchored by grocery stores and or nationally recognized discount department stores . we believe that centers with a grocery and or discount component attract consumers seeking value-priced products . since these products are required to satisfy everyday needs , customers usually visit the centers on a weekly basis . over half of our shopping centers are anchored by tenants that sell groceries . supermarket anchor tenants in our centers include , among others , publix super market , whole foods , kroger and sprouts . national chain anchor tenants in our centers include , among others , tj maxx/marshalls , bed bath and beyond , home depot and kohl 's . our shopping centers are primarily located in a dozen of the largest metropolitan markets in the united states . our focus on these markets has enabled us to develop a thorough understanding of their unique characteristics . throughout our primary regions , we have concentrated a number of centers in reasonable proximity to each other in order to achieve efficiencies in management , leasing and acquiring new properties . critical accounting policies management 's discussion and analysis of financial condition and results of operations are based on our consolidated financial statements , which have been prepared in accordance with gaap . the preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets , liabilities , revenue and expenses , and related disclosure of contingent assets and liabilities . our estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances . actual results could differ from these estimates under different assumptions or conditions . we believe the following critical accounting policies require our most subjective judgment and use of estimates in the preparation of our consolidated financial statements . 26 acquisitions acquisitions of properties are accounted for utilizing the acquisition method and , accordingly , the results of operations of an acquired property are included in our results of operations from the date of acquisition . estimates of fair values are based upon future cash flows and other valuation techniques in accordance with our fair value measurements policy , which are used to record the purchase price of acquired property among land , buildings on an “ as if vacant ” basis , tenant improvements , identifiable intangibles and any gain on purchase . identifiable intangible assets and liabilities include the effect of above-and below-market leases , the value of having leases in place ( “ as-is ” versus “ as if vacant ” and absorption costs ) , other intangible assets such as assumed tax increment revenue bonds and out-of-market assumed mortgages . depreciation and amortization is computed using the straight-line method over the estimated useful lives of 40 years for buildings , over the remaining terms of any intangible asset contracts and the respective tenant leases , which may include bargain review options . the impact of these estimates , including incorrect estimates in connection with acquisition values and estimated useful lives , could result in significant differences related to the purchased assets , liabilities and subsequent depreciation or amortization expense . for more information , refer to note 1 , organization and summary of significant accounting policies subtopic real estate of the notes to the consolidated financial statements . impairment we review our investment in real estate , including any related intangible assets , for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of the property may not be recoverable . these changes in circumstances include , but are not limited to , changes in occupancy , rental rates , tenant sales , net operating income , geographic location , real estate values and expected holding period . the viability of all projects under construction or development , including those owned by unconsolidated joint ventures , are regularly evaluated under applicable accounting requirements , including requirements relating to abandonment of assets or changes in use . to the extent a project , or individual components of the project , are no longer considered to have value , the related capitalized costs are charged against operations . impairment provisions resulting from any event or change in circumstances , including changes in our intentions or our analysis of varying scenarios , could be material to our consolidated financial statements . we recognize an impairment of an investment in real estate when the estimated discounted or undiscounted cash flow is less than the net carrying value of the property . if it is determined that an investment in real estate is impaired , then the carrying value is reduced to the estimated fair value as determined by cash flow models and discount rates or comparable sales in accordance with our fair value measurement policy . refer to note 6 of the notes to the consolidated financial statements for further information . revenue recognition and accounts receivable most of our leases contain non-contingent rent escalations for which we recognize income on a straight-line basis over the non-cancelable lease term . this method results in rental income in the early years of a lease being higher than actual cash received , creating a straight-line rent receivable asset which is included in the “ other assets ” line item in our consolidated balance sheets . story_separator_special_tag billion and is detailed below : ( in thousands ) net debt ( including property-specific mortgages , unsecured revolving credit facility , term loans and capital lease obligation net of $ 9.3 million in cash ) $ 905,332 common shares , op units , and dilutive securities based on market price of $ 18.74 at december 31 , 2014 1,499,893 convertible perpetual preferred shares based on market price of $ 66.93 at december 31 , 2014 133,860 total market capitalization $ 2,539,085 net debt to total market capitalization 35.7 % at december 31 , 2014 , noncontrolling interests represented a 2.8 % ownership in the operating partnership . the op units may , under certain circumstances , be exchanged for our common shares of beneficial interest on a one-for-one basis . we , as sole general partner of the operating partnership , have the option , but not the obligation , to settle exchanged op units held by others in cash . assuming the exchange of all op units , there would have been 79,820,122 of our common shares of beneficial interest outstanding at december 31 , 2014 , with a market value of approximately $ 1.5 billion . 34 non-gaap financial measures certain of our key performance indicators are considered non-gaap financial measures . management uses these measures along with our gaap financial statements in order to evaluate our operations results . we believe these additional measures provide users of our financial information additional comparable indicators of our industry , as well as , our performance . funds from operations we consider funds from operations , also known as “ ffo ” , to be an appropriate supplemental measure of the financial performance of an equity reit . under the nareit definition , ffo represents net income ( computed in accordance with generally accepted accounting principles ) , excluding gains ( or losses ) from sales of depreciable property and excluding impairment provisions on depreciable real estate or on investments in non-consolidated investees that are driven by measurable decreases in the fair value of depreciable real estate held by the investee , plus depreciation and amortization , ( excluding amortization of financing costs ) . adjustments for unconsolidated partnerships and joint ventures are calculated to reflect funds from operations on the same basis . also , we consider “ operating ffo ” a meaningful , additional measure of financial performance because it excludes acquisition costs and periodic items such as impairment provisions on land available for development or sale , bargain purchase gains , and gains or losses on extinguishment of debt that are not adjusted under the current nareit definition of ffo . we provide a reconciliation of ffo to operating ffo . ffo and operating ffo should not be considered alternatives to gaap net income available to common shareholders or as alternatives to cash flow as measures of liquidity . while we consider ffo and operating ffo useful measures for reviewing our comparative operating and financial performance between periods or to compare our performance to different reits , our computations of ffo and operating ffo may differ from the computations utilized by other real estate companies , and therefore , may not be comparable . 35 we recognize the limitations of ffo and operating ffo when compared to gaap net income available to common shareholders . ffo and operating ffo do not represent amounts available for needed capital replacement or expansion , debt service obligations , or other commitments and uncertainties . in addition , ffo and operating ffo do not represent cash generated from operating activities in accordance with gaap and are not necessarily indicative of cash available to fund cash needs , including the payment of dividends . ffo and operating ffo are simply used as additional indicators of our operating performance . the following table illustrates the calculations of ffo and operating ffo : replace_table_token_19_th ( 1 ) amount included in earnings ( loss ) from unconsolidated joint ventures . ( 2 ) the total noncontrolling interest reflects op units convertible 1:1 into common shares . ( 3 ) series d convertible preferred shares were dilutive for ffo for the year ended december 31 , 2013 and anti-dilutive for the comparable periods in 2014 and 2012 . ( 4 ) prior periods have been restated to reflect the add back of acquisition costs beginning in 1q14 . ( 5 ) series d convertible preferred shares were dilutive for operating ffo for years ended december 31 , 2014 and 2013 and anti-dilutive for the comparable period in 2012 . 36 same property operating income same property operating income ( `` same property noi `` ) is a supplemental non-gaap financial measure of real estate companies ' operating performance . same property noi is considered by management to be a relevant performance measure of our operations because it includes only the noi of comparable properties for the reporting period . same property noi is calculated using consolidated operating income and adjusted to exclude management and other fee income , depreciation and amortization , general and administrative expense , provision for impairment and non-comparable income/expense adjustments such as straight-line rents , lease termination fees , above/below market rents , and other non-comparable operating income and expense adjustments . same property noi should not be considered an alternative to net income in accordance with gaap or as a measure of liquidity . our method of calculating same property noi may differ from methods used by other reits and , accordingly , may not be comparable to such other reits . the following is a summary of our wholly owned properties by classification : three months ended december 31 , 2014 twelve months ended december 31 , 2014 property designation same property 56 56 acquisitions ( 1 ) 6 6 completed developments ( 1 ) 1 1 non-retail properties ( 2 ) 1 1 redevelopment ( 3 ) 4 4 total wholly owned properties 68 68 ( 1 )

net cash used for investing activities decreased $ 40.0 million compared to 2013 primarily due to : acquisitions of real estate decreased $ 77.8 million ; investment in unconsolidated joint ventures decreased $ 5.0 million . in the previous year we had made contributions to fund debt repayment . in addition in 2013 we received a distribution of $ 1.7 million for the sale of joint venture property ; offset by restricted cash decreased $ 5.1 million ; and additions to real estate increased $ 36.1 million , as a result of an increase in development funding by $ 25.1 million , capital expenditures of $ 9.3 million , and $ 1.7 million in deferred leasing costs . financing activities cash flows provided by financing activities were $ 208.7 million as compared to $ 271.7 million in 2013 . this difference of $ 63.1 million is primarily explained by : an increase in our net borrowing of $ 53.9 million for debt and deferred financing costs ; offset by a decrease in net proceeds of $ 103.9 million from common share issuances ; an increase in cash dividends to common shareholders of $ 14.0 million due to additional shares issued as well as an increase in our per share quarterly dividend payment ; and a decrease in cash paid out for op unit conversions of $ 1.2 million . as of december 31 , 2014 , $ 335.9 million was available to be drawn on our $ 350 million unsecured revolving credit facility subject to certain covenants . it is anticipated that additional funds borrowed under our credit facilities will be used for general corporate purposes , including working capital , capital expenditures , the repayment of indebtedness or other corporate activities . for further information on the credit facilities and other debt , refer to note 9 of the consolidated financial statements .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```net cash used for investing activities decreased $ 40.0 million compared to 2013 primarily due to : acquisitions of real estate decreased $ 77.8 million ; investment in unconsolidated joint ventures decreased $ 5.0 million . in the previous year we had made contributions to fund debt repayment . in addition in 2013 we received a distribution of $ 1.7 million for the sale of joint venture property ; offset by restricted cash decreased $ 5.1 million ; and additions to real estate increased $ 36.1 million , as a result of an increase in development funding by $ 25.1 million , capital expenditures of $ 9.3 million , and $ 1.7 million in deferred leasing costs . financing activities cash flows provided by financing activities were $ 208.7 million as compared to $ 271.7 million in 2013 . this difference of $ 63.1 million is primarily explained by : an increase in our net borrowing of $ 53.9 million for debt and deferred financing costs ; offset by a decrease in net proceeds of $ 103.9 million from common share issuances ; an increase in cash dividends to common shareholders of $ 14.0 million due to additional shares issued as well as an increase in our per share quarterly dividend payment ; and a decrease in cash paid out for op unit conversions of $ 1.2 million . as of december 31 , 2014 , $ 335.9 million was available to be drawn on our $ 350 million unsecured revolving credit facility subject to certain covenants . it is anticipated that additional funds borrowed under our credit facilities will be used for general corporate purposes , including working capital , capital expenditures , the repayment of indebtedness or other corporate activities . for further information on the credit facilities and other debt , refer to note 9 of the consolidated financial statements .
```    
 Suspicious Activity Report : we also owned interests in three parcels of land available for development and five parcels of land available for sale . we are predominantly a community shopping center company with a focus on managing and adding value to our portfolio of centers that are primarily multi-anchored by grocery stores and or nationally recognized discount department stores . we believe that centers with a grocery and or discount component attract consumers seeking value-priced products . since these products are required to satisfy everyday needs , customers usually visit the centers on a weekly basis . over half of our shopping centers are anchored by tenants that sell groceries . supermarket anchor tenants in our centers include , among others , publix super market , whole foods , kroger and sprouts . national chain anchor tenants in our centers include , among others , tj maxx/marshalls , bed bath and beyond , home depot and kohl 's . our shopping centers are primarily located in a dozen of the largest metropolitan markets in the united states . our focus on these markets has enabled us to develop a thorough understanding of their unique characteristics . throughout our primary regions , we have concentrated a number of centers in reasonable proximity to each other in order to achieve efficiencies in management , leasing and acquiring new properties . critical accounting policies management 's discussion and analysis of financial condition and results of operations are based on our consolidated financial statements , which have been prepared in accordance with gaap . the preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets , liabilities , revenue and expenses , and related disclosure of contingent assets and liabilities . our estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances . actual results could differ from these estimates under different assumptions or conditions . we believe the following critical accounting policies require our most subjective judgment and use of estimates in the preparation of our consolidated financial statements . 26 acquisitions acquisitions of properties are accounted for utilizing the acquisition method and , accordingly , the results of operations of an acquired property are included in our results of operations from the date of acquisition . estimates of fair values are based upon future cash flows and other valuation techniques in accordance with our fair value measurements policy , which are used to record the purchase price of acquired property among land , buildings on an “ as if vacant ” basis , tenant improvements , identifiable intangibles and any gain on purchase . identifiable intangible assets and liabilities include the effect of above-and below-market leases , the value of having leases in place ( “ as-is ” versus “ as if vacant ” and absorption costs ) , other intangible assets such as assumed tax increment revenue bonds and out-of-market assumed mortgages . depreciation and amortization is computed using the straight-line method over the estimated useful lives of 40 years for buildings , over the remaining terms of any intangible asset contracts and the respective tenant leases , which may include bargain review options . the impact of these estimates , including incorrect estimates in connection with acquisition values and estimated useful lives , could result in significant differences related to the purchased assets , liabilities and subsequent depreciation or amortization expense . for more information , refer to note 1 , organization and summary of significant accounting policies subtopic real estate of the notes to the consolidated financial statements . impairment we review our investment in real estate , including any related intangible assets , for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of the property may not be recoverable . these changes in circumstances include , but are not limited to , changes in occupancy , rental rates , tenant sales , net operating income , geographic location , real estate values and expected holding period . the viability of all projects under construction or development , including those owned by unconsolidated joint ventures , are regularly evaluated under applicable accounting requirements , including requirements relating to abandonment of assets or changes in use . to the extent a project , or individual components of the project , are no longer considered to have value , the related capitalized costs are charged against operations . impairment provisions resulting from any event or change in circumstances , including changes in our intentions or our analysis of varying scenarios , could be material to our consolidated financial statements . we recognize an impairment of an investment in real estate when the estimated discounted or undiscounted cash flow is less than the net carrying value of the property . if it is determined that an investment in real estate is impaired , then the carrying value is reduced to the estimated fair value as determined by cash flow models and discount rates or comparable sales in accordance with our fair value measurement policy . refer to note 6 of the notes to the consolidated financial statements for further information . revenue recognition and accounts receivable most of our leases contain non-contingent rent escalations for which we recognize income on a straight-line basis over the non-cancelable lease term . this method results in rental income in the early years of a lease being higher than actual cash received , creating a straight-line rent receivable asset which is included in the “ other assets ” line item in our consolidated balance sheets . story_separator_special_tag billion and is detailed below : ( in thousands ) net debt ( including property-specific mortgages , unsecured revolving credit facility , term loans and capital lease obligation net of $ 9.3 million in cash ) $ 905,332 common shares , op units , and dilutive securities based on market price of $ 18.74 at december 31 , 2014 1,499,893 convertible perpetual preferred shares based on market price of $ 66.93 at december 31 , 2014 133,860 total market capitalization $ 2,539,085 net debt to total market capitalization 35.7 % at december 31 , 2014 , noncontrolling interests represented a 2.8 % ownership in the operating partnership . the op units may , under certain circumstances , be exchanged for our common shares of beneficial interest on a one-for-one basis . we , as sole general partner of the operating partnership , have the option , but not the obligation , to settle exchanged op units held by others in cash . assuming the exchange of all op units , there would have been 79,820,122 of our common shares of beneficial interest outstanding at december 31 , 2014 , with a market value of approximately $ 1.5 billion . 34 non-gaap financial measures certain of our key performance indicators are considered non-gaap financial measures . management uses these measures along with our gaap financial statements in order to evaluate our operations results . we believe these additional measures provide users of our financial information additional comparable indicators of our industry , as well as , our performance . funds from operations we consider funds from operations , also known as “ ffo ” , to be an appropriate supplemental measure of the financial performance of an equity reit . under the nareit definition , ffo represents net income ( computed in accordance with generally accepted accounting principles ) , excluding gains ( or losses ) from sales of depreciable property and excluding impairment provisions on depreciable real estate or on investments in non-consolidated investees that are driven by measurable decreases in the fair value of depreciable real estate held by the investee , plus depreciation and amortization , ( excluding amortization of financing costs ) . adjustments for unconsolidated partnerships and joint ventures are calculated to reflect funds from operations on the same basis . also , we consider “ operating ffo ” a meaningful , additional measure of financial performance because it excludes acquisition costs and periodic items such as impairment provisions on land available for development or sale , bargain purchase gains , and gains or losses on extinguishment of debt that are not adjusted under the current nareit definition of ffo . we provide a reconciliation of ffo to operating ffo . ffo and operating ffo should not be considered alternatives to gaap net income available to common shareholders or as alternatives to cash flow as measures of liquidity . while we consider ffo and operating ffo useful measures for reviewing our comparative operating and financial performance between periods or to compare our performance to different reits , our computations of ffo and operating ffo may differ from the computations utilized by other real estate companies , and therefore , may not be comparable . 35 we recognize the limitations of ffo and operating ffo when compared to gaap net income available to common shareholders . ffo and operating ffo do not represent amounts available for needed capital replacement or expansion , debt service obligations , or other commitments and uncertainties . in addition , ffo and operating ffo do not represent cash generated from operating activities in accordance with gaap and are not necessarily indicative of cash available to fund cash needs , including the payment of dividends . ffo and operating ffo are simply used as additional indicators of our operating performance . the following table illustrates the calculations of ffo and operating ffo : replace_table_token_19_th ( 1 ) amount included in earnings ( loss ) from unconsolidated joint ventures . ( 2 ) the total noncontrolling interest reflects op units convertible 1:1 into common shares . ( 3 ) series d convertible preferred shares were dilutive for ffo for the year ended december 31 , 2013 and anti-dilutive for the comparable periods in 2014 and 2012 . ( 4 ) prior periods have been restated to reflect the add back of acquisition costs beginning in 1q14 . ( 5 ) series d convertible preferred shares were dilutive for operating ffo for years ended december 31 , 2014 and 2013 and anti-dilutive for the comparable period in 2012 . 36 same property operating income same property operating income ( `` same property noi `` ) is a supplemental non-gaap financial measure of real estate companies ' operating performance . same property noi is considered by management to be a relevant performance measure of our operations because it includes only the noi of comparable properties for the reporting period . same property noi is calculated using consolidated operating income and adjusted to exclude management and other fee income , depreciation and amortization , general and administrative expense , provision for impairment and non-comparable income/expense adjustments such as straight-line rents , lease termination fees , above/below market rents , and other non-comparable operating income and expense adjustments . same property noi should not be considered an alternative to net income in accordance with gaap or as a measure of liquidity . our method of calculating same property noi may differ from methods used by other reits and , accordingly , may not be comparable to such other reits . the following is a summary of our wholly owned properties by classification : three months ended december 31 , 2014 twelve months ended december 31 , 2014 property designation same property 56 56 acquisitions ( 1 ) 6 6 completed developments ( 1 ) 1 1 non-retail properties ( 2 ) 1 1 redevelopment ( 3 ) 4 4 total wholly owned properties 68 68 ( 1 )

