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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (1,071) $ (1,205)
Adjustments to reconcile net income or loss to net cash provided by operating activities:    
Depreciation and amortization expense 23,086 23,962
Amortization of above and below market leases (73) (112)
Decrease in allowance for doubtful accounts and write-off of accounts receivable (13) (60)
Changes in operating assets and liabilities:    
Tenant rent receivables 255 (491)
Straight-line rents (966) (1,140)
Lease acquisition costs (470) (689)
Prepaid expenses and other assets (644) 1,497
Accounts payable and accrued expenses (8,215) (6,101)
Accrued compensation (2,065) (1,970)
Tenant security deposits 269 33
Payment of deferred leasing commissions (2,892) (4,242)
Net cash provided by operating activities 7,201 9,482
Cash flows from investing activities:    
Property improvements, fixtures and equipment (20,054) (15,223)
Investment in related party mortgage loan receivable   (2,400)
Repayment of related party mortgage loan receivable   265
Proceeds received from liquidating trust   263
Net cash used in investing activities (20,054) (17,095)
Cash flows from financing activities:    
Distributions to stockholders (9,654) (9,651)
Borrowings under bank note payable 35,000 30,000
Repayments of bank note payable (5,000) (15,000)
Deferred financing costs   (81)
Net cash provided by financing activities 20,346 5,268
Net increase (decrease) in cash, cash equivalents and restricted cash 7,493 (2,345)
Cash, cash equivalents and restricted cash, beginning of year 9,790 11,177
Cash, cash equivalents and restricted cash, end of period 17,283 8,832
Cash paid for:    
Interest 5,899 6,978
Taxes   42
Non-cash investing and financing activities:    
Accrued costs for purchase of real estate assets $ 9,645 $ 6,609