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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES    
Net Income (Loss) $ 2,003,000 $ (4,767,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Equity Method Loss from Unconsolidated Entities 119,000 144,000
Stock-Based Compensation and Option Amortization 152,000 249,000
Stock-Based Compensation Related to Purchase of Treasury Stock 116,000 0
Gain on Disposal of Assets (6,840,000) (248,000)
Amortization of Deferred Financing Costs 447,000 279,000
Depreciation and Amortization Expense 322,000 1,042,000
Accretion of Discount on Notes Payable 194,000 169,000
Changes in operating assets and liabilities:    
Accrued Interest Receivable (7,000) (11,000)
Other Receivables (600,000) (33,000)
Other Assets (154,000) 2,000
Accrued Property Taxes (161,000) 41,000
Accounts Payable and Accrued Expenses (699,000) (184,000)
Customer Deposits and Funds Held for Others 4,594,000 1,028,000
Accrued Interest Payable (428,000) 97,000
Funds Held by Lender and Restricted Cash (1,944,000) 761,000
Total adjustments, net (4,889,000) 3,336,000
Net cash used in operating activities (2,886,000) (1,431,000)
INVESTING ACTIVITIES    
Proceeds from Sale of Real Estate Owned and Operating Properties 91,648,000 1,634,000
Purchases of Property and Equipment for Real Estate Owned (4,000) 0
Proceeds from Mortgage Note Receivable 0 7,632,000
Investment in Joint Venture (839,000) (99,000)
Investment in Real Estate Owned and Other Operating Properties (856,000) (5,369,000)
Funds Held by Lender and Restricted Cash 797,000 316,000
Net cash provided by investing activities 90,746,000 4,114,000
FINANCING ACTIVITIES    
Proceeds from Notes Payable 0 1,645,000
Debt Issuance Costs Paid (100,000) (296,000)
Repayments of Notes Payable (50,000,000) (5,400,000)
Repayments of Capital Leases (2,000) (6,000)
Dividends Paid (539,000) (539,000)
Purchase of Treasury Stock (338,000) 0
Distributions to Noncontrolling Interests (8,000) 0
Net cash used in financing activities (50,987,000) (4,596,000)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 36,873,000 (1,913,000)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 11,449,000 7,603,000
CASH AND CASH EQUIVALENTS, END OF PERIOD 48,322,000 5,690,000
CASH AND CASH EQUIVALENTS OF DISCONTINUED OPERATIONS, END OF PERIOD 87,000 1,747,000
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS, END OF PERIOD 48,235,000 3,943,000
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 1,284,000 890,000
Cash paid for taxes 5,000 0
Capital Expenditures in Accounts Payable and Accrued Expenses 481,000 4,065,000
Capital Lease and Other Liabilities Assumed by Buyer in Sale of Property $ 4,132,000 $ 0