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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 $ (13,250) $ (54,810)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 54,750 83,040
Impairment charges on real estate 19,896 8,706
Noncash interest income on real estate loan receivable (530) 0
Provision for credit loss 680 0
Equity in loss of an unconsolidated entity 1,996 0
Distribution of operating cash flow from an unconsolidated entity 11,901 0
Deferred rents (2,986) (3,026)
Loss due to property damage 0 90
Amortization of above- and below-market leases, net (1,437) (2,100)
Amortization of deferred financing costs 2,117 3,185
Unrealized losses on derivative instruments 34,016 37,899
Loss from extinguishment of debt 188 196
Gain on sale of real estate (50,938) 0
Changes in operating assets and liabilities:    
Rents and other receivables (2,688) (3,149)
Prepaid expenses and other assets (5,446) (19,213)
Accounts payable and accrued liabilities (8,106) (3,438)
Other liabilities 1,170 (2,853)
Due to affiliates 1,388 399
Net cash provided by operating activities 42,721 44,926
Cash Flows from Investing Activities:    
Improvements to real estate (47,873) (35,199)
Proceeds from sale of real estate, net 26,571 0
Payments for construction in progress (3,277) (14,017)
Origination costs on real estate loan receivable (120) 0
Payments of post-closing acquisition costs 0 (338)
Escrow deposits for tenant improvements 0 972
Insurance proceeds received for property damage 0 519
Net cash used in investing activities (24,699) (48,063)
Cash Flows from Financing Activities:    
Proceeds from notes payable 104,510 283,830
Principal payments on notes payable (72,052) (193,664)
Payments of deferred financing costs (1,458) (4,692)
Payments to redeem common stock (6,292) (55,550)
Payments of prepaid other offering costs (848) 0
Payments of other offering costs (12) (3)
Distribution to noncontrolling interest (6,400) 0
Distributions paid to common stockholders (31,085) (30,772)
Net cash used in financing activities (13,637) (851)
Net increase (decrease) in cash, cash equivalents and restricted cash 4,385 (3,988)
Cash, cash equivalents and restricted cash, beginning of period 49,272 76,038
Cash, cash equivalents and restricted cash, end of period 53,657 72,050
Supplemental Disclosure of Cash Flow Information:    
Interest paid, net of capitalized interest of $1,067 for the six months ended June 30, 2019 26,750 43,659
Supplemental Disclosure of Noncash Investing and Financing Activities:    
Distributions payable 9,102 9,485
Redeemable common stock payable 43 16,476
Accrued improvements to real estate 22,932 27,061
Construction in progress payable 0 6,616
Acquisition fee related to construction in progress due to affiliate 0 1,049
Real estate loan receivable provided to purchaser of real estate 147,678 0
Accrued prepaid other offering costs 751 33
Distributions paid to common stockholders through common stock issuances pursuant to the dividend reinvestment plan $ 23,622 $ 26,471