on september 2 , 2020 , we redeemed the entire $ 300 million outstanding of 3.75 % notes due 2022 for a redemption price of $ 325.1 million , including accrued and unpaid interest through the redemption date and a make-whole amount . as of december 31 , 2020 , we have a borrowing capacity of $ 1.2 billion on our line of credit ( “ line ” ) . at december 31 , 2020 , our pro-rata net debt-to-operating ebitda re ratio on a trailing twelve month basis was 6.0x as compared to 5.4x at december 31 , 2019. subsequent to december 31 , 2020 , we repaid our $ 265 million term loan , leaving us with no unsecured debt maturities until 2024. subsequent to december 31 , 2020 , we extended our line maturity date to march 2025 , retaining the same $ 1.25 billion borrowing commitment . 40 leasing activity and significant tenants we believe our high-quality , grocery anchored shopping centers located in densely populated , desirable infill trade areas create attractive spaces for retail and service providers to operate their businesses . pro-rata percent leased the following table summarizes pro-rata percent leased of our combined consolidated and unconsolidated shopping center portfolio : replace_table_token_20_th our percent leased in both the anchor and shop space categories declined during 2020 due to tenant closures and bankruptcies primarily as a result from the impacts of the pandemic . additionally , a number of tenants at our properties were either required or elected to temporarily close due to the pandemic . some of these tenants may be unable to sustain their business models in this current pandemic environment and may fail . while the pandemic continues , we may be unable to find suitable replacement tenants for an extended period of time and the terms of the leases with replacement tenants may be less favorable to us . as such , our percent leased could decline further in future periods , resulting in reduced lease income from both lower base rent and recoveries from tenants for cam , real estate taxes , and insurance costs at our centers . pro-rata leasing activity the following table summarizes leasing activity , including our pro-rata share of activity within the portfolio of our co-investment partnerships : replace_table_token_21_th replace_table_token_22_th new leasing activity has declined as many businesses delay executing leases amidst the immediate and uncertain future economic impacts from the pandemic ; however , renewal leasing activity has remained consistent with 2019 levels . new and renewal rent spreads , as compared to prior rents on these same spaces leased , remained positive at 2.2 % for the twelve months ended december 31 , 2020 , although the spreads tightened throughout the year as compared to 5.7 % for the twelve months ended december 31 , 2019. with 41 the average annual base rent of all shop space leases due to expire during the next 12 months of $ 33.37 psf , there is a possibility of negative rent spreads occurring as we execute new or renewal lease deals , considering the t otal weighted average base rent on signed shop space leases during 2020 was lower at $ 32.87 psf . significant tenants and concentrations of risk we seek to reduce our operating and leasing risks through geographic diversification and by avoiding dependence on any single property , market , or tenant . based on percentage of annualized base rent , the following table summarizes our most significant tenants , of which the top four are grocers : replace_table_token_23_th ( 1 ) includes regency 's pro-rata share of unconsolidated properties and excludes those owned by anchors . bankruptcies and credit concerns the impact of bankruptcies may increase significantly if tenants occupying our centers are unable to withstand and recover from the disruptions caused by the pandemic , which could materially adversely impact our lease income . since the pandemic began , we have seen an increase in the number of tenants filing for bankruptcy . due to the pandemic there has been and continues to be a greater focus on whether tenants ' businesses are considered essential or non-essential , which may directly impact the tenants ' ability to operate and generate sufficient cash flows to meet their operating expenses , including lease payments . continued higher unemployment levels could also negatively impact consumer spending and , along with large-scale business failures , have an adverse effect on our results from operations . we seek to mitigate these potential impacts through tenant diversification , replacing weaker tenants with stronger operators , anchoring our centers with market leading grocery stores that drive customer traffic , and maintaining a presence in affluent suburbs and dense infill trade areas . as of december 31 , 2020 , approximately 63 % of pro-rata average base rent in our portfolio is derived from tenants ' businesses classified as essential . since the pandemic began , the company has been closely monitoring its cash collections which significantly declined from historic levels in the initial months of the pandemic , most notably from tenants whose businesses are classified as non-essential . the pandemic has continued to result in certain tenants requesting concessions from rent obligations , including deferrals , abatements and requests to negotiate future rents , while some tenants have been unable to reopen or have not honored the terms of their existing lease agreements . the company has entered into approximately 1,600 agreements , representing $ 40.8 million of pro-rata base rent or 4.6 % of our total annual base rent , with tenants within our consolidated real estate portfolio and our unconsolidated real estate investment partnerships , enabling them to defer a portion of their rental payments and repay them over future periods . the company expects to continue to work with other tenants , which may result in further rent concessions or legal actions as determined to be necessary and appropriate . story_separator_special_tag after repaying our $ 265 million term loan and funding our dividend payment in january 2021 with cash on hand , we estimate that we will require capital during the next twelve months of approximately $ 353.6 million to repay maturing debt , to fund construction and related costs for committed tenant improvements and in-process development and redevelopment , and to make capital contributions to our co-investment partnerships . if we start new developments or redevelopments , commit to new acquisitions , prepay debt prior to maturity , or repurchase shares of our common stock , our cash requirements will increase . the combination of our $ 1.2 billion capacity available on our line and no unsecured debt maturities until 2024 strengthens our financial position enabling us to fund our expected near-term operating and capital expenditures amid the uncertainty of operating cash flows during this pandemic and recovery period . we expect to generate the necessary cash to fund our long-term capital needs from cash flow from operations , borrowings from our line , proceeds from the sale of real estate , mortgage loan and unsecured bank financing , and when the capital markets are favorable , proceeds from the sale of equity or the issuance of new unsecured debt . we endeavor to maintain a high percentage of unencumbered assets , as measured by 89.6 % of our wholly-owned real estate assets being unencumbered at december 31 , 2020. such assets allow us to access the secured and unsecured debt markets and to maintain availability on the line . our trailing twelve month fixed charge coverage ratio , including our pro-rata share of our partnerships , was 3.6x and 4.3x for the periods ended december 31 , 2020 and 2019 , respectively , and our pro-rata net debt-to-operating ebitda re ratio on a trailing twelve month basis was 6.0x and 5.4x , respectively , for the same periods . we expect that these ratios could worsen during 2021 as a result of potential further impacts from the ongoing pandemic . our line , term loan , and unsecured debt require that we remain in compliance with various covenants , which are described in note 9 to the consolidated financial statements . we are in compliance with these covenants at december 31 , 2020 , and expect to remain in compliance . summary of cash flow activity the following table summarizes net cash flows related to operating , investing , and financing activities of the company : replace_table_token_34_th net cash provided by operating activities : net cash provided by operating activities decreased by $ 122.2 million due to : $ 129.0 million decrease in cash flows from operating income , largely resulting from lower rent collections attributable to the impact of the pandemic on our tenants . however , we continue to negotiate with some of our tenants on repayment periods and since the pandemic began , we have executed approximately 1,600 rent deferral agreements , representing $ 40.8 million of rent or 4.6 % of annual base rent , within our consolidated and unconsolidated real estate portfolios . the weighted average deferral period of these agreements is approximately 3.3 months , with repayment periods of approximately 9.7 months beginning in december 2020. due to the uncertainty surrounding the pandemic , there can be no assurances how much deferred rent will ultimately be paid , or paid within the timeframes negotiated and agreed upon . the duration and severity of the pandemic will continue to impact our ability to generate cash flow from operations ; offset by , $ 6.9 million increase from cash paid in 2019 to settle treasury rate locks put in place to hedge changes in interest rates on our 30 year fixed rate debt offering and to settle an interest rate swap on the repayment of our $ 300 million term loan , both during 2019 . 50 net cash used in investing activities : net cash used in investing activities changed by $ 257.1 million as follows : replace_table_token_35_th significant investing activities included : we acquired one operating property for $ 16.9 million during 2020 and four operating properties for $ 222.4 million during 2019. we invested $ 19.2 million less in 2020 than 2019 on real estate development , redevelopment , and capital improvements , as further detailed in a table below . we received proceeds of $ 189.4 million from the sale of 6 shopping centers and 11 land parcels in 2020 , including proceeds from a short term note issued at closing and repaid during the same period , compared to $ 137.6 million for 7 shopping centers and 6 land parcels in 2019. we received property insurance claim proceeds of $ 8.0 million during 2020 primarily related to a single property damaged by a tornado in 2020 and additional proceeds received on prior year fire and tornado claims . we received proceeds of $ 9.4 million during 2019 attributable to a single property that was severely damaged by a tornado in that year . we invested $ 51.4 million in our real estate partnerships during 2020 , including : o $ 19.6 million to fund our share of development and redevelopment activities , o $ 16.0 million to fund our share of acquiring an additional equity interest in one partnership , and o $ 15.8 million to fund our share of debt refinancing activities . during the same period in 2019 , we invested $ 66.9 million in our real estate partnerships , including : o $ 44.3 million to fund our share of development and redevelopment activities , o $ 9.7 million to fund our share of acquiring an additional equity interest in one partnership , o $ 8.2 million to fund our share of acquiring land under one shopping center that was previously under a ground lease , and o $ 4.7 million to fund our share of repayments for maturing debt . return of capital from our investments

liquidity and capital resources general we use cash flows generated from operating , investing , and financing activities to strengthen our balance sheet , finance our development and redevelopment projects , fund our investment activities , and maintain financial flexibility . we continuously monitor the capital markets and evaluate our ability to issue new debt or equity , to repay maturing debt , or fund our capital commitments . except for $ 200 million of private placement debt , our parent company has no capital commitments other than its guarantees of the commitments of our operating partnership . all remaining debt is held by our operating partnership or by our co-investment partnerships . the operating partnership is a co-issuer and a guarantor of the $ 200 million of outstanding debt of our parent company . the parent company will from time to time access the capital markets for the purpose of issuing new equity and will simultaneously contribute all of the offering proceeds to the operating partnership in exchange for additional partnership units . as the pandemic and its related impacts continue to evolve , we have taken the following steps to ensure sufficient liquidity and financial flexibility : 48 we settled our forward equity agreements under our previous atm program and received proceeds of approximately $ 125.8 million in march 2020 . we renewed our atm equity offering program in may 2020 which provides for the sale of $ 500 million of common stock . as of december 31 , 2020 , all $ 500 million of common stock remained available for issuance . we issued $ 600 million of new 10-year senior unsecured public notes in may 2020 and received proceeds of $ 598.8 million .


 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.
     ```liquidity and capital resources general we use cash flows generated from operating , investing , and financing activities to strengthen our balance sheet , finance our development and redevelopment projects , fund our investment activities , and maintain financial flexibility . we continuously monitor the capital markets and evaluate our ability to issue new debt or equity , to repay maturing debt , or fund our capital commitments . except for $ 200 million of private placement debt , our parent company has no capital commitments other than its guarantees of the commitments of our operating partnership . all remaining debt is held by our operating partnership or by our co-investment partnerships . the operating partnership is a co-issuer and a guarantor of the $ 200 million of outstanding debt of our parent company . the parent company will from time to time access the capital markets for the purpose of issuing new equity and will simultaneously contribute all of the offering proceeds to the operating partnership in exchange for additional partnership units . as the pandemic and its related impacts continue to evolve , we have taken the following steps to ensure sufficient liquidity and financial flexibility : 48 we settled our forward equity agreements under our previous atm program and received proceeds of approximately $ 125.8 million in march 2020 . we renewed our atm equity offering program in may 2020 which provides for the sale of $ 500 million of common stock . as of december 31 , 2020 , all $ 500 million of common stock remained available for issuance . we issued $ 600 million of new 10-year senior unsecured public notes in may 2020 and received proceeds of $ 598.8 million .
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 Suspicious Activity Report : on september 2 , 2020 , we redeemed the entire $ 300 million outstanding of 3.75 % notes due 2022 for a redemption price of $ 325.1 million , including accrued and unpaid interest through the redemption date and a make-whole amount . as of december 31 , 2020 , we have a borrowing capacity of $ 1.2 billion on our line of credit ( “ line ” ) . at december 31 , 2020 , our pro-rata net debt-to-operating ebitda re ratio on a trailing twelve month basis was 6.0x as compared to 5.4x at december 31 , 2019. subsequent to december 31 , 2020 , we repaid our $ 265 million term loan , leaving us with no unsecured debt maturities until 2024. subsequent to december 31 , 2020 , we extended our line maturity date to march 2025 , retaining the same $ 1.25 billion borrowing commitment . 40 leasing activity and significant tenants we believe our high-quality , grocery anchored shopping centers located in densely populated , desirable infill trade areas create attractive spaces for retail and service providers to operate their businesses . pro-rata percent leased the following table summarizes pro-rata percent leased of our combined consolidated and unconsolidated shopping center portfolio : replace_table_token_20_th our percent leased in both the anchor and shop space categories declined during 2020 due to tenant closures and bankruptcies primarily as a result from the impacts of the pandemic . additionally , a number of tenants at our properties were either required or elected to temporarily close due to the pandemic . some of these tenants may be unable to sustain their business models in this current pandemic environment and may fail . while the pandemic continues , we may be unable to find suitable replacement tenants for an extended period of time and the terms of the leases with replacement tenants may be less favorable to us . as such , our percent leased could decline further in future periods , resulting in reduced lease income from both lower base rent and recoveries from tenants for cam , real estate taxes , and insurance costs at our centers . pro-rata leasing activity the following table summarizes leasing activity , including our pro-rata share of activity within the portfolio of our co-investment partnerships : replace_table_token_21_th replace_table_token_22_th new leasing activity has declined as many businesses delay executing leases amidst the immediate and uncertain future economic impacts from the pandemic ; however , renewal leasing activity has remained consistent with 2019 levels . new and renewal rent spreads , as compared to prior rents on these same spaces leased , remained positive at 2.2 % for the twelve months ended december 31 , 2020 , although the spreads tightened throughout the year as compared to 5.7 % for the twelve months ended december 31 , 2019. with 41 the average annual base rent of all shop space leases due to expire during the next 12 months of $ 33.37 psf , there is a possibility of negative rent spreads occurring as we execute new or renewal lease deals , considering the t otal weighted average base rent on signed shop space leases during 2020 was lower at $ 32.87 psf . significant tenants and concentrations of risk we seek to reduce our operating and leasing risks through geographic diversification and by avoiding dependence on any single property , market , or tenant . based on percentage of annualized base rent , the following table summarizes our most significant tenants , of which the top four are grocers : replace_table_token_23_th ( 1 ) includes regency 's pro-rata share of unconsolidated properties and excludes those owned by anchors . bankruptcies and credit concerns the impact of bankruptcies may increase significantly if tenants occupying our centers are unable to withstand and recover from the disruptions caused by the pandemic , which could materially adversely impact our lease income . since the pandemic began , we have seen an increase in the number of tenants filing for bankruptcy . due to the pandemic there has been and continues to be a greater focus on whether tenants ' businesses are considered essential or non-essential , which may directly impact the tenants ' ability to operate and generate sufficient cash flows to meet their operating expenses , including lease payments . continued higher unemployment levels could also negatively impact consumer spending and , along with large-scale business failures , have an adverse effect on our results from operations . we seek to mitigate these potential impacts through tenant diversification , replacing weaker tenants with stronger operators , anchoring our centers with market leading grocery stores that drive customer traffic , and maintaining a presence in affluent suburbs and dense infill trade areas . as of december 31 , 2020 , approximately 63 % of pro-rata average base rent in our portfolio is derived from tenants ' businesses classified as essential . since the pandemic began , the company has been closely monitoring its cash collections which significantly declined from historic levels in the initial months of the pandemic , most notably from tenants whose businesses are classified as non-essential . the pandemic has continued to result in certain tenants requesting concessions from rent obligations , including deferrals , abatements and requests to negotiate future rents , while some tenants have been unable to reopen or have not honored the terms of their existing lease agreements . the company has entered into approximately 1,600 agreements , representing $ 40.8 million of pro-rata base rent or 4.6 % of our total annual base rent , with tenants within our consolidated real estate portfolio and our unconsolidated real estate investment partnerships , enabling them to defer a portion of their rental payments and repay them over future periods . the company expects to continue to work with other tenants , which may result in further rent concessions or legal actions as determined to be necessary and appropriate . story_separator_special_tag after repaying our $ 265 million term loan and funding our dividend payment in january 2021 with cash on hand , we estimate that we will require capital during the next twelve months of approximately $ 353.6 million to repay maturing debt , to fund construction and related costs for committed tenant improvements and in-process development and redevelopment , and to make capital contributions to our co-investment partnerships . if we start new developments or redevelopments , commit to new acquisitions , prepay debt prior to maturity , or repurchase shares of our common stock , our cash requirements will increase . the combination of our $ 1.2 billion capacity available on our line and no unsecured debt maturities until 2024 strengthens our financial position enabling us to fund our expected near-term operating and capital expenditures amid the uncertainty of operating cash flows during this pandemic and recovery period . we expect to generate the necessary cash to fund our long-term capital needs from cash flow from operations , borrowings from our line , proceeds from the sale of real estate , mortgage loan and unsecured bank financing , and when the capital markets are favorable , proceeds from the sale of equity or the issuance of new unsecured debt . we endeavor to maintain a high percentage of unencumbered assets , as measured by 89.6 % of our wholly-owned real estate assets being unencumbered at december 31 , 2020. such assets allow us to access the secured and unsecured debt markets and to maintain availability on the line . our trailing twelve month fixed charge coverage ratio , including our pro-rata share of our partnerships , was 3.6x and 4.3x for the periods ended december 31 , 2020 and 2019 , respectively , and our pro-rata net debt-to-operating ebitda re ratio on a trailing twelve month basis was 6.0x and 5.4x , respectively , for the same periods . we expect that these ratios could worsen during 2021 as a result of potential further impacts from the ongoing pandemic . our line , term loan , and unsecured debt require that we remain in compliance with various covenants , which are described in note 9 to the consolidated financial statements . we are in compliance with these covenants at december 31 , 2020 , and expect to remain in compliance . summary of cash flow activity the following table summarizes net cash flows related to operating , investing , and financing activities of the company : replace_table_token_34_th net cash provided by operating activities : net cash provided by operating activities decreased by $ 122.2 million due to : $ 129.0 million decrease in cash flows from operating income , largely resulting from lower rent collections attributable to the impact of the pandemic on our tenants . however , we continue to negotiate with some of our tenants on repayment periods and since the pandemic began , we have executed approximately 1,600 rent deferral agreements , representing $ 40.8 million of rent or 4.6 % of annual base rent , within our consolidated and unconsolidated real estate portfolios . the weighted average deferral period of these agreements is approximately 3.3 months , with repayment periods of approximately 9.7 months beginning in december 2020. due to the uncertainty surrounding the pandemic , there can be no assurances how much deferred rent will ultimately be paid , or paid within the timeframes negotiated and agreed upon . the duration and severity of the pandemic will continue to impact our ability to generate cash flow from operations ; offset by , $ 6.9 million increase from cash paid in 2019 to settle treasury rate locks put in place to hedge changes in interest rates on our 30 year fixed rate debt offering and to settle an interest rate swap on the repayment of our $ 300 million term loan , both during 2019 . 50 net cash used in investing activities : net cash used in investing activities changed by $ 257.1 million as follows : replace_table_token_35_th significant investing activities included : we acquired one operating property for $ 16.9 million during 2020 and four operating properties for $ 222.4 million during 2019. we invested $ 19.2 million less in 2020 than 2019 on real estate development , redevelopment , and capital improvements , as further detailed in a table below . we received proceeds of $ 189.4 million from the sale of 6 shopping centers and 11 land parcels in 2020 , including proceeds from a short term note issued at closing and repaid during the same period , compared to $ 137.6 million for 7 shopping centers and 6 land parcels in 2019. we received property insurance claim proceeds of $ 8.0 million during 2020 primarily related to a single property damaged by a tornado in 2020 and additional proceeds received on prior year fire and tornado claims . we received proceeds of $ 9.4 million during 2019 attributable to a single property that was severely damaged by a tornado in that year . we invested $ 51.4 million in our real estate partnerships during 2020 , including : o $ 19.6 million to fund our share of development and redevelopment activities , o $ 16.0 million to fund our share of acquiring an additional equity interest in one partnership , and o $ 15.8 million to fund our share of debt refinancing activities . during the same period in 2019 , we invested $ 66.9 million in our real estate partnerships , including : o $ 44.3 million to fund our share of development and redevelopment activities , o $ 9.7 million to fund our share of acquiring an additional equity interest in one partnership , o $ 8.2 million to fund our share of acquiring land under one shopping center that was previously under a ground lease , and o $ 4.7 million to fund our share of repayments for maturing debt . return of capital from our investments

