XML 21 R8.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
1 Months Ended 6 Months Ended
Jan. 31, 2020
Jun. 30, 2019
Cash Flows from Operating Activities:    
Net income $ 2,044 $ 21,878
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 2,586 22,003
Deferred rent (638) 3,173
Amortization of above- and below-market leases, net (3) (56)
Amortization of deferred financing costs 115 790
Loss from extinguishment of debt 87 306
Gain on sale of real estate, net (1,935) (30,754)
Changes in operating assets and liabilities:    
Rents and other receivables (515) 3,673
Prepaid expenses and other assets (1,995) (4,465)
Accounts payable and accrued liabilities (894) (2,668)
Due to affiliate 32 2
Other liabilities (6,264) (1,403)
Net cash (used in) provided by operating activities (7,380) 12,479
Cash Flows from Investing Activities:    
Proceeds from sale of real estate 302,028 130,285
Improvements to real estate (2,684) (18,848)
Net cash provided by investing activities 299,344 111,437
Cash Flows from Financing Activities:    
Proceeds from note payable 0 39,000
Principal payments on notes payable (176,687) (71,336)
Payments of deferred financing costs 0 (625)
Payments to redeem common stock (280) (2,907)
Distributions paid to common stockholders 0 (106,758)
Net cash used in financing activities (176,967) (142,626)
Net increase (decrease) in cash and cash equivalents and restricted cash 114,997 (18,710)
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 56,977
Supplemental Disclosure of Cash Flow Information:    
Interest paid 1,246 8,180
Supplemental Disclosure of Noncash Transactions:    
Accrued improvements to real estate 6,610 8,609
Distributions payable $ 0 $ 3,835