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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 2,417 $ (904)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Stock based compensation 488 58
Depreciation and amortization 21,242 20,653
Deferred loan and lease commission costs amortization 1,936 2,572
Bad debt expense 875 39
Changes in operating assets and liabilities:    
Accrued rent and accounts receivable (3,551) (2,626)
Deferred leasing commissions (1,534) (3,849)
Prepaid expenses and other assets (1,317) (246)
Accounts payable and accrued expenses (5,551) (6,144)
Due to/from related parties (1,514) 1,276
Tenants' security deposits 0 314
Net cash provided by operating activities 13,491 11,143
Cash flows from investing activities:    
Acquisition deposits 0 529
Repayment of note receivable - related party 11,362 950
Investment in affiliate - related party 0 (10,546)
Additions to real estate (8,460) (8,412)
Net cash provided by (used in) investing activities 2,902 (17,479)
Cash flows from financing activities:    
Distributions to common stockholders (12,607) (9,590)
Distributions to non-controlling interest (4,076) (4,515)
Repayment to an affiliate (1,611) 0
Repayment under insurance premium finance note (1,924) (1,261)
Repayments under term loan notes (1,038) (8,092)
Borrowings under insurance premium finance note 2,213 1,577
Payments of deferred loan costs (15) (72)
Net cash used in financing activities (19,058) (21,953)
Net change in cash and cash equivalents and restricted cash (2,665) (28,289)
Cash and cash equivalents and restricted cash, beginning of period 27,111 51,476
Cash and cash equivalents and restricted cash, end of period 24,446 23,187
Supplemental cash flow information:    
Cash paid for interest 7,339 9,879
Supplemental disclosure of non-cash activities:    
HIREIT and XIX merger 200,232 0
Issuance of Hartman XX OP units for 70% interest in Hartman Advisors 6,788 0
Issuance of Hartman XX OP units for HIREIT OP units 10,284 0
Value of Common shares issued to acquire non-controlling interest 0 8,790
Acquisition of non-controlling interest $ 0 $ (8,858)