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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss) $ (48,110) $ 1,094 $ 92,717
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization expense 57,240 65,697 81,041
Amortization of above and below market leases (44) (118) (34)
Shares issued as compensation 315 394 338
Amortization of other comprehensive income into interest expense (3,851)    
Loss on extinguishment of debt 106 78 901
Gain on consolidation of Sponsored REIT (394)    
Impairment and loan loss reserve   4,237  
(Gain) loss on sale of properties and impairment of assets held for sale, net 23,384 (27,939) (113,134)
Equity in income of non-consolidated REITs     (421)
Distributions from non-consolidated REITs     421
Changes in operating assets and liabilities:      
Tenant rent receivables 10 (247) 5,702
Straight-line rents 625 (5,895) (3,930)
Lease acquisition costs (2,007) (4,494) (2,353)
Prepaid expenses and other assets 382 (1,805) 82
Accounts payable and accrued expenses (2,709) (5,983) (11,096)
Accrued compensation   (1,060) 786
Tenant security deposits 494 (509) (2,458)
Payment of deferred leasing commissions (7,575) (8,216) (12,200)
Net cash provided by operating activities 17,866 15,234 36,362
Cash flows from investing activities:      
Property improvements, fixtures and equipment (31,637) (54,910) (64,833)
Consolidation of Sponsored REIT 3,048   (3,000)
Proceeds received from sales of properties 142,225 128,949 573,307
Net cash provided by investing activities 113,636 74,039 505,474
Cash flows from financing activities:      
Distributions to stockholders (4,133) (53,988) (38,491)
Proceeds received from termination of interest rate swap 4,206    
Stock repurchases   (4,843) (18,244)
Borrowings under bank note payable 77,000 90,000 91,500
Repayments of bank note payable (35,000) (42,000) (95,000)
Repayment of term loan payable (50,000) (110,000) (445,000)
Deferred financing costs (2,327) (2,561)  
Net cash used in financing activities (10,254) (123,392) (505,235)
Net increase (decrease) in cash, cash equivalents and restricted cash 121,248 (34,119) 36,601
Cash, cash equivalents and restricted cash, beginning of year 6,632 40,751 4,150
Cash, cash equivalents and restricted cash, end of period 127,880 6,632 40,751
Cash paid for:      
Interest 25,740 21,085 30,141
Taxes on income 339 667 454
Non-cash investing and financing activities:      
Accrued dividend     33,280
Accrued costs for purchase of real estate assets 7,566 $ 9,962 $ 4,715
Investment in related party mortgage loan receivable converted to real estate assets and acquired real estate leases in conjunction with variable interest entity consolidation $ 20,000