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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended
Jan. 31, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:        
Net income (loss) $ 2,044 $ (19,492)   $ 2,386
Adjustments to reconcile net income to net cash (used in) provided by operating activities:        
Depreciation and amortization 2,586 11,050   33,053
Impairment charges on real estate 0 14,300 $ 0 14,300
Deferred rent (638)     2,761
Amortization of above- and below-market leases, net (3)     (65)
Amortization of deferred financing costs 115 400   1,169
Loss from extinguishment of debt 87 165   471
Gain on sale of real estate, net (1,935) 0   (30,754)
Changes in operating assets and liabilities:        
Rents and other receivables (515)     (14,841)
Prepaid expenses and other assets (1,995)     (13,469)
Accounts payable and accrued liabilities (894)     18,574
Due to affiliate 32     47
Other liabilities (6,264)     (2,685)
Net cash (used in) provided by operating activities (7,380)     10,947
Cash Flows from Investing Activities:        
Proceeds from sale of real estate 302,028     130,285
Improvements to real estate (2,684)     (30,943)
Net cash provided by investing activities 299,344     99,342
Cash Flows from Financing Activities:        
Proceeds from note payable 0     134,350
Principal payments on notes payable (176,687)     (133,681)
Payments of deferred financing costs 0     (924)
Payments to redeem common stock (280)     (4,345)
Distributions paid to common stockholders 0     (117,562)
Net cash used in financing activities (176,967)     (122,162)
Net increase (decrease) in cash and cash equivalents and restricted cash 114,997     (11,873)
Cash and cash equivalents and restricted cash, beginning of period 46,882   $ 46,882 75,687
Cash and cash equivalents and restricted cash, end of period 161,879 $ 63,814   63,814
Supplemental Disclosure of Cash Flow Information:        
Interest paid 1,246     12,131
Supplemental Disclosure of Noncash Transactions:        
Accrued improvements to real estate 6,610     6,748
Distributions payable $ 0     $ 3,481