CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash Flows from Operating Activities:
Net (loss) income	$ (21,147)	$ 13,449
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Change in subordinated performance fee due upon termination to affiliate	(814)	0
Casualty-related loss	0	506
Gain from remeasurement of prior equity interest	(2,009)	0
Equity in income of unconsolidated entities	(1,151)	(6,677)
Depreciation and amortization	27,417	25,276
Loss (gain) on real estate equity securities	21,620	(19,304)
Gain on sale of real estate	0	(18,128)
Loss on extinguishment of debt	0	861
Unrealized loss on interest rate caps	10	50
Deferred rent	(2,559)	(3,213)
Amortization of above- and below-market leases, net	(435)	(856)
Amortization of deferred financing costs	2,481	2,683
Accretion of interest income on real estate debt securities	0	(13)
Amortization of premium on bond and notes payable	14	(73)
Foreign currency transaction (gain) loss, net	(12,338)	10,634
Changes in assets and liabilities:
Rents and other receivables	(566)	(2,164)
Prepaid expenses and other assets	(2,286)	(4,527)
Accounts payable and accrued liabilities	(3,471)	(559)
Due to affiliates	182	8
Other liabilities	(142)	(97)
Net cash provided by (used in) operating activities	4,806	(2,144)
Cash Flows from Investing Activities:
Acquisitions of real estate, net of cash acquired	(19,034)	(90,266)
Improvements to real estate	(15,946)	(25,833)
Proceeds from sales of real estate, net	0	43,164
Insurance proceeds received for property damages	0	438
Contributions to unconsolidated entities	(1,708)	(5,050)
Distributions of capital from unconsolidated entities	1,225	8,051
Purchase of interest rate cap	(6)	(28)
Investment in real estate equity securities	(35,510)	(10,015)
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
Proceeds from disposition of foreign currency collars	14,125	0
Funding of development obligations	0	(134)
Net cash used in investing activities	(45,890)	(47,847)
Cash Flows from Financing Activities:
Proceeds from notes and bonds payable	104,143	84,268
Principal payments on notes and bonds payable	(57,611)	(73,250)
Payments of deferred financing costs	(2,438)	(1,121)
Payments to redeem common stock	(830)	(7,433)
Payment of prepaid other offering costs	(606)	(2)
Distributions paid	(334)	(886)
Preferred dividends paid	(563)	0
Noncontrolling interest contributions	112	12
Distributions to noncontrolling interests	(28)	(3,793)
Other financing proceeds, net	0	1,822
Net cash provided by financing activities	41,845	(383)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	83	2,367
Net increase (decrease) in cash, cash equivalents and restricted cash	844	(48,007)
Cash, cash equivalents and restricted cash, beginning of period	88,494	162,727
Cash, cash equivalents and restricted cash, end of period	$ 89,338	$ 114,720