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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ 11,199 $ (5,788)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization of real estate assets 54,817 59,342
Impairment of real estate assets 0 13,717
Depreciation and amortization of corporate assets 1,410 1,647
Net amortization of above- and below-market leases (788) (1,133)
Amortization of deferred financing expenses 1,251 1,297
Amortization of debt and derivative adjustments 1,061 2,227
Loss (gain) on disposal of property, net 1,577 (7,121)
Change in fair value of earn-out liability (10,000) (7,500)
Straight-line rent (2,288) (1,713)
Share-based compensation (149) 1,272
Other 707 995
Changes in operating assets and liabilities:    
Other assets, net (14,871) 1,923
Accounts payable and other liabilities (8,313) (17,921)
Net cash provided by operating activities 35,613 41,244
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate acquisitions (4,319) 0
Capital expenditures (15,965) (8,574)
Proceeds from sale of real estate 17,447 35,755
Return of investment in unconsolidated joint ventures 424 1,197
Net cash (used in) provided by investing activities (2,413) 28,378
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in credit facility 34,000 (22,000)
Payments on mortgages and loans payable (32,657) (2,428)
Distributions paid, net of DRIP (32,792) (30,132)
Distributions to noncontrolling interests (7,108) (6,958)
Repurchases of common stock (5,176) (5,444)
Other 0 (206)
Net cash used in financing activities (43,733) (67,168)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (10,533) 2,454
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:    
Beginning of period 95,108 84,304
End of period 84,575 86,758
RECONCILIATION TO CONSOLIDATED BALANCE SHEETS    
Cash, cash equivalents, and restricted cash at end of the period 84,575 86,758
SUPPLEMENTAL CASH FLOW DISCLOSURE, INCLUDING NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Cash paid for interest 20,329 21,679
Right-of-use (“ROU”) assets obtained in exchange for new lease liabilities 551 36
Accrued capital expenditures 3,392 2,095
Change in distributions payable 77 122
Change in distributions payable - noncontrolling interests (3) 209
Change in accrued share repurchase obligation (2,476) 1,236
Distributions reinvested $ 15,940 $ 17,718