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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ 4,786 $ (47,960)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization of real estate assets 109,709 117,170
Impairment of real estate assets 0 38,916
Depreciation and amortization of corporate assets 2,888 3,373
Net amortization of above- and below-market leases (1,583) (2,224)
Amortization of deferred financing expenses 2,495 2,522
Amortization of debt and derivative adjustments 1,884 4,482
Loss (gain) on disposal of property, net 2,118 (5,855)
Change in fair value of earn-out liability (10,000) (7,500)
Straight-line rent (1,331) (4,456)
Share-based compensation 1,992 3,793
Impairment of Intangible Assets, Finite-lived 0 9,661
Other 1,239 1,705
Changes in operating assets and liabilities:    
Other assets, net (12,821) (1,553)
Accounts payable and other liabilities (11,470) (12,005)
Net cash provided by operating activities 89,906 100,069
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate acquisitions (4,343) (49,880)
Capital expenditures (28,540) (27,221)
Proceeds from sale of real estate 25,778 47,857
Return of investment in unconsolidated joint ventures 639 2,257
Net cash used in investing activities (6,466) (26,987)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in credit facility 0 (73,359)
Proceeds from Issuance of Long-term Debt 0 60,000
Payments on mortgages and loans payable (35,200) (4,835)
Distributions paid, net of DRIP (49,083) (60,787)
Distributions to noncontrolling interests (9,406) (13,841)
Repurchases of common stock (5,211) (11,802)
Other (318) (206)
Net cash used in financing activities (99,218) (104,830)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (15,778) (31,748)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:    
Beginning of period 95,108 84,304
End of period 79,330 52,556
RECONCILIATION TO CONSOLIDATED BALANCE SHEETS    
Cash, cash equivalents, and restricted cash at end of the period 79,330 52,556
SUPPLEMENTAL CASH FLOW DISCLOSURE, INCLUDING NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Cash paid for interest 40,980 44,169
Right-of-use (“ROU”) assets obtained in exchange for new lease liabilities 551 1,444
Accrued capital expenditures 2,884 2,960
Change in distributions payable (16,214) 275
Change in distributions payable - noncontrolling interests (2,301) 387
Change in accrued share repurchase obligation (2,511) 872
Distributions reinvested $ 15,940 $ 34,958