CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash Flows from Operating Activities:
Net (loss) income	$ (13,779)	$ 11,159
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Casualty-related loss	0	506
Subordinated performance fee due upon termination to affiliate	307	0
Equity in income of unconsolidated entities	(993)	(7,096)
Depreciation and amortization	17,947	16,037
Loss (gain) on real estate equity securities	15,094	(15,459)
Gain on sale of real estate	0	(7,569)
Loss on extinguishment of debt	0	856
Unrealized (gain) loss on interest rate caps	(21)	37
Deferred rent	(1,657)	(2,230)
Amortization of above- and below-market leases, net	(316)	(536)
Amortization of deferred financing costs	1,677	1,709
Accretion of interest income on real estate debt securities	0	(13)
Amortization of premium on bond and notes payable	(51)	(46)
Foreign currency transaction (gain) loss, net	(12,783)	5,290
Changes in assets and liabilities:
Rents and other receivables	43	(1,517)
Prepaid expenses and other assets	(1,570)	(2,716)
Accounts payable and accrued liabilities	(2,102)	(1,462)
Due to affiliates	2,390	19
Other liabilities	(90)	(383)
Net cash provided by (used in) operating activities	4,096	(3,414)
Cash Flows from Investing Activities:
Acquisitions of real estate	(17,249)	(90,266)
Improvements to real estate	(11,532)	(18,207)
Proceeds from sales of real estate, net	0	17,894
Insurance proceeds received for property damages	0	438
Contributions to unconsolidated entities	(434)	(5,000)
Distributions of capital from unconsolidated entities	1,225	8,051
Purchase of interest rate cap	(6)	(28)
Investment in real estate equity securities	(21,283)	(15)
Proceeds from the sale of real estate equity securities	10,964	24,076
Proceeds from principal repayment on real estate debt securities	0	7,750
Funding of development obligations	0	(134)
Net cash used in investing activities	(38,315)	(55,441)
Cash Flows from Financing Activities:
Proceeds from notes and bonds payable	101,893	84,268
Principal payments on notes and bonds payable	(57,149)	(62,508)
Payments of deferred financing costs	(2,452)	(1,097)
Payments to redeem common stock	(824)	(5,107)
Payment of prepaid other offering costs	(547)	(2)
Distributions paid	(334)	(587)
Preferred dividends paid	(372)	0
Noncontrolling interests contributions	112	12
Distributions to noncontrolling interests	0	(1,824)
Other financing proceeds, net	0	1,822
Net cash provided by financing activities	40,327	14,977
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(130)	2,203
Net increase (decrease) in cash, cash equivalents and restricted cash	5,978	(41,675)
Cash, cash equivalents and restricted cash, beginning of period	88,494	162,727
Cash, cash equivalents and restricted cash, end of period	$ 94,472	$ 121,052