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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flow From Operating Activities:      
Net income (loss) $ 6,445 $ 11,267 $ (21,743)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Gain on sale or write down of assets (24,647) (36,895) (15,192)
Loss on foreign currency transactions 6,175 13,378 15,108
Loss on debt extinguishment 1,451 0 5,219
Depreciation and amortization 15,029 18,579 15,588
(Recovery) provision for doubtful accounts (1,326) 984 0
Equity in earnings from unconsolidated joint ventures (14,634) 379 2,313
Distribution of income from unconsolidated joint ventures 3,157 1,782 0
Changes in assets and liabilities, net of dispositions:      
Other assets (14,205) (3,450) 10,814
Related party receivables 18,246 (327) (46,191)
Accrued interest payable (4,650) (531) 2,338
Accounts payable and other liabilities (2,564) (1,668) (8,895)
Net cash (used in) provided by operating activities (11,523) 3,498 (40,641)
Cash Flow From Investing Activities:      
Collection of notes receivable 18,171 8,251 19,755
Originations and advances on notes receivable (4,968) (33,015) (21,434)
Purchase of short-term investments (16,000) 0 0
Acquisition of real estate 0 0 (3,422)
Development and renovation of real estate (8,070) (17,505) (33,730)
Deferred leasing costs (877) (2,603)
Proceeds from sale of assets 105,547 40,982 28,622
Contribution to unconsolidated joint venture (411) 0 0
Distribution from unconsolidated joint ventures 7,430 8,086 6,504
Net cash provided by (used in) by investing activities 100,822 4,196 (3,705)
Cash Flow From Financing Activities:      
Proceeds from mortgages, other notes and bonds payable 20,015 30,727 103,800
Payments on mortgages, other notes and bonds payable (118,900) (33,415) (74,718)
Debt extinguishment costs (4,086) 0 (3,799)
Deferred financing costs (614) (1,297) (4,241)
Repurchase of preferred stock 0 0 0
Preferred stock dividends 0 0 0
Net cash (used in) provided by financing activities (103,585) (3,985) 21,042
Net (decrease) increase in cash and cash equivalents (14,286) 3,709 (23,304)
Cash and cash equivalents, beginning of year 87,020 83,311 106,615
Cash and cash equivalents, end of year $ 72,734 $ 87,020 $ 83,311