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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 loss $ 18,216 $ (77,687)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization of real estate assets 164,288 174,501
Impairment of real estate assets 0 74,626
Depreciation and amortization of corporate assets 4,404 4,519
Net amortization of above- and below-market leases (2,394) (3,266)
Amortization of deferred financing expenses 3,739 3,758
Amortization of debt and derivative adjustments 2,154 6,007
Gain on disposal of property, net (8,616) (10,903)
Change in fair value of earn-out liability (10,000) (7,500)
Straight-line rent (3,131) (7,024)
Share-based compensation 3,846 5,971
Impairment of Intangible Assets, Finite-lived 0 9,661
Other 1,497 1,223
Changes in operating assets and liabilities:    
Other assets, net (11,089) 858
Accounts payable and other liabilities (5,669) 1,138
Net cash provided by operating activities 157,245 175,882
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate acquisitions (23,014) (49,880)
Capital expenditures (40,772) (48,079)
Proceeds from sale of real estate 48,276 86,159
Return of investment in unconsolidated joint ventures 1,949 2,498
Net cash used in investing activities (13,561) (9,302)
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 (37,778) (7,973)
Distributions paid, net of DRIP (49,083) (92,484)
Distributions to noncontrolling interests (9,406) (20,616)
Repurchases of common stock (5,211) (30,178)
Other (516) (208)
Net cash used in financing activities (101,994) (164,818)
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 41,690 1,762
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:    
Beginning of period 95,108 84,304
End of period 136,798 86,066
RECONCILIATION TO CONSOLIDATED BALANCE SHEETS    
Cash, cash equivalents, and restricted cash at end of the period 136,798 86,066
SUPPLEMENTAL CASH FLOW DISCLOSURE, INCLUDING NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Cash paid for interest 59,906 66,811
Right-of-use (“ROU”) assets obtained in exchange for new lease liabilities 551 1,444
Accrued capital expenditures 3,587 3,036
Change in distributions payable (16,214) 269
Change in distributions payable - noncontrolling interests (2,301) 590
Change in accrued share repurchase obligation (2,511) 706
Distributions reinvested $ 15,940 $ 51,329