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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended
Jan. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities:    
Net income (loss) $ 2,044 $ (4,900)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 2,586 11,785
Deferred rent (638) 1,788
Amortization of above- and below-market leases, net (3) (48)
Amortization of deferred financing costs 115 332
Loss from extinguishment of debt 87 0
Gain on sale of real estate, net (1,935) 0
Changes in operating assets and liabilities:    
Rents and other receivables (515) 2,460
Prepaid expenses and other assets (1,995) (4,344)
Accounts payable and accrued liabilities (894) 819
Due to affiliate 32 23
Other liabilities (6,264) (1,460)
Net cash (used in) provided by operating activities (7,380) 6,455
Cash Flows from Investing Activities:    
Proceeds from sale of real estate 302,028 0
Improvements to real estate (2,684) (6,221)
Net cash provided by (used in) investing activities 299,344 (6,221)
Cash Flows from Financing Activities:    
Principal payments on notes payable (176,687) (321)
Payments to redeem common stock (280) (1,367)
Distributions paid to common stockholders 0 (11,564)
Net cash used in financing activities (176,967) (13,252)
Net increase (decrease) in cash and cash equivalents and restricted cash 114,997 (13,018)
Cash and cash equivalents and restricted cash, beginning of period 46,882 75,687
Cash and cash equivalents and restricted cash, end of period 161,879 62,669
Supplemental Disclosure of Cash Flow Information:    
Interest paid 1,246 4,026
Supplemental Disclosure of Noncash Transactions:    
Accrued improvements to real estate 6,610 5,051
Distributions payable $ 0 $ 3,842