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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ (13,268) $ 9,689
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 34,863 44,910
Amortization of above and below market leases (54) (38)
Shares issued as compensation 394 338
Loss on extinguishment of debt   167
Impairment and loan loss reserve 1,140  
Gain on sale of properties, net   (20,626)
Changes in operating assets and liabilities:    
Tenant rent receivables (673) 4,540
Straight-line rents (2,904) (2,858)
Lease acquisition costs (2,426) (623)
Prepaid expenses and other assets (1,153) (485)
Accounts payable and accrued expenses (18,268) (18,520)
Accrued compensation (2,452) (1,609)
Tenant security deposits (400) (1,870)
Payment of deferred leasing commissions (5,033) (6,926)
Net cash provided by (used in) operating activities (10,234) 6,089
Cash flows from investing activities:    
Property improvements, fixtures and equipment (21,496) (36,957)
Proceeds received from sales of properties   228,717
Net cash provided by (used in) investing activities (21,496) 191,760
Cash flows from financing activities:    
Distributions to stockholders (51,924) (19,319)
Stock repurchases (4,843)  
Borrowings under bank note payable 60,000 66,500
Repayments of bank note payable (5,000) (70,000)
Repayment of term loan payable   (155,000)
Deferred financing costs (2,561)  
Net cash used in financing activities (4,328) (177,819)
Net increase (decrease) in cash, cash equivalents and restricted cash (36,058) 20,030
Cash, cash equivalents and restricted cash, beginning of year 40,751 4,150
Cash, cash equivalents and restricted cash, end of period 4,693 24,180
Cash paid for:    
Interest 10,209 17,588
Taxes 664 417
Non-cash investing and financing activities:    
Accrued costs for purchases of real estate assets $ 6,077 $ 5,881