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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows — Operating Activities    
Net Cash Provided by Operating Activities $ 38,924 $ 42,029
Cash Flows — Investing Activities    
Funding for development projects (79,636) (57,639)
Value added taxes paid in connection with construction funding (5,514) (3,502)
Capital expenditures on real estate (4,269) (1,594)
Value added taxes refunded in connection with construction funding 2,435 2,096
Payment of deferred acquisition fees to an affiliate (1,897) (2,993)
Return of capital from equity investments 1,134 332
Capital contributions to equity investment (731) (400)
Other investing activities, net 215 98
Proceeds from repayment of notes receivable 0 35,954
Proceeds from sale of real estate 0 19,343
Proceeds from insurance settlements 0 856
Net Cash Used in Investing Activities (88,263) (7,449)
Cash Flows — Financing Activities    
Distributions paid (45,589) (44,679)
Proceeds from mortgage financing 35,025 25,133
Proceeds from issuance of shares 20,866 20,924
Repurchase of shares (14,413) (9,294)
Scheduled payments and prepayments of mortgage principal (9,485) (26,144)
Distributions to noncontrolling interests (4,863) (11,717)
Other financing activities, net (925) (624)
Contributions from noncontrolling interests 595 2,520
Net Cash Used in Financing Activities (18,789) (43,881)
Change in Cash and Cash Equivalents and Restricted Cash During the Period    
Effect of exchange rate changes on cash and cash equivalents and restricted cash (2,042) (59)
Net decrease in cash and cash equivalents and restricted cash (70,170) (9,360)
Cash and cash equivalents and restricted cash, beginning of period 163,398 190,838
Cash and cash equivalents and restricted cash, end of period $ 93,228 $ 181,478