Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Operating activities:
Net loss	$ (79,397)	$ (79,893)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Net gain on real estate and mortgage loans	(1,546)	(12,973)
Depreciation and amortization	60,837	61,983
Impairment	994	3,091
Share-based compensation	4,039	4,387
Amortization of deferred financing costs	5,017	3,931
Casualty losses	924	864
Insurance recoveries	(85)	(586)
Change in fair value of interest rate cap derivatives in profit or loss	4,180	3,665
Changes in operating assets and liabilities:
Accounts receivable	1,277	5,657
Deferred leasing costs	(2,012)	(2,088)
Prepaid expenses and other assets	(8,826)	(9,125)
Accounts payable and accrued liabilities	9,333	15,573
Payable to AAMC	29,953	200
Net cash provided by (used in) operating activities	24,688	(5,314)
Investing activities:
Investment in real estate	(543)	(11,124)
Investment in renovations	(24,155)	(21,504)
Payment of real estate tax advances	0	(72)
Proceeds from mortgage loan resolutions and dispositions	0	1,129
Receipt of mortgage loan payments	0	203
Proceeds from dispositions of real estate	25,424	169,457
Proceeds from casualty insurance	85	1,552
Acquisition related deposit paid to AAMC (Note 1)	(3,200)	0
Net cash (used in) provided by investing activities	(2,389)	139,641
Financing activities:
Proceeds from issuance of common stock, including stock option exercises	55,086	138
Payment of tax withholdings on share-based compensation plan awards	(21)	(76)
Shares withheld for taxes upon vesting of restricted stock	(1,183)	(605)
Dividends on common stock	(8,572)	(24,444)
Proceeds from repurchase and loan agreements	54,063	42,681
Repayments of repurchase and loan agreements	(78,628)	(150,308)
Payment of financing costs	(3,714)	(1,066)
Principal repayments of finance leases	(730)	(688)
Net cash provided by (used in) financing activities	16,301	(134,368)
Net change in cash, cash equivalents and restricted cash	38,600	(41)
Cash, cash equivalents and restricted cash as of beginning of the period	78,009	81,160
Cash, cash equivalents and restricted cash as of end of the period	116,609	81,119
Cash paid for:
Interest	47,509	55,489
Income taxes	144	0
Non-cash transactions:
Transfer of mortgage loans to real estate owned, net	0	4,131
Changes in accrued capital expenditures	(136)	(612)
Changes in receivables from mortgage loan resolutions and dispositions, payments and real estate tax advances to borrowers, net	0	(7)
Changes in receivables from real estate owned dispositions	(2,433)	6,318
Change in other comprehensive loss from cash flow hedges	2,224	(8,889)
Right-of-use lease assets recognized - operating leases	14	1,475
Right-of-use lease assets recognized - finance leases	333	1,327
Operating lease liabilities incurred	14	1,475
Finance lease liabilities incurred	333	1,327
Dividends declared but not paid	$ 390	$ 8,584