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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income (loss) $ 4,908,000 $ 7,677,000 $ (334,000)
Adjustments to reconcile net income (loss) to net cash flows provided by operating activities:      
Depreciation and amortization 10,856,000 14,762,000 14,217,000
Amortization of deferred financing fees 503,000 689,000 779,000
Gain on sale of real estate (11,341,000) (22,771,000) (11,454,000)
Loss on early extinguishment of debt 500,000 732,000 454,000
Loss on derivatives 2,000 26,000 215,000
Impairment charge 0 1,417,000 0
Change in operating assets and liabilities:      
Accounts payable 1,043,000 384,000 (235,000)
Prepaid expenses and other assets 26,000 297,000 (358,000)
Accounts payable (1,000) (223,000) 210,000
Income taxes payable (924,000) 1,121,000 0
Accrued and other liabilities (2,494,000) 1,099,000 (1,305,000)
Net payables to related parties (63,000) (33,000) (375,000)
Addition of lease intangibles (118,000) (80,000) (313,000)
Cash provided by operating activities 2,897,000 5,097,000 1,501,000
Cash flows from investing activities:      
Acquisition deposits reimbursed 0 0 500,000
Purchase of real estate 0 0 (60,433,000)
Investment in unconsolidated joint venture (176,000) (509,000) (1,988,000)
Proceeds from sale of real estate 68,399,000 79,075,000 46,300,000
Additions of property and equipment (2,474,000) (4,258,000) (8,566,000)
Cash provided by (used in) investing activities 65,749,000 74,308,000 (24,187,000)
Cash flows from financing activities:      
Financing costs (135,000) (492,000) (670,000)
Proceeds from notes payable 0 0 33,500,000
Payments on notes payable (35,404,000) (45,094,000) (17,791,000)
Purchase of interest rate derivatives 0 (6,000) (7,000)
Redemptions of common stock (1,905,000) (1,444,000) (1,663,000)
Distributions paid to common shareholders (38,378,000) (25,732,000) (12,954,000)
Contributions received from noncontrolling interest holders 92,000 538,000 273,000
Distributions paid to noncontrolling interest holders (943,000) (2,480,000) (822,000)
Cash used in financing activities (76,673,000) (74,710,000) (134,000)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (157,000) (447,000) (252,000)
Net change in cash, cash equivalents, and restricted cash (8,184,000) 4,248,000 (23,072,000)
Cash, cash equivalents, and restricted cash at beginning of year 81,396,000 77,148,000 100,220,000
Cash, cash equivalents, and restricted cash at end of year $ 73,212,000 $ 81,396,000 $ 77,148,000