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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net loss $ (11,944) $ (35,441)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Loss on disposal of assets 219 522
Net gain on disposition of property (20,619) 0
Casualty (gain) loss 552  
Depreciation and amortization 39,599 41,424
Amortization of deferred financing costs 1,104 1,318
Amortization of mortgage premiums (113) (116)
Change in fair value of interest rate caps   55
Changes in operating assets and liabilities:    
Tenant receivables (33) 14
Due from related parties (240)  
Prepaid expenses and other assets (1) (2)
Due to related parties (151) 46
Accounts payable and accrued expenses 535 (2,013)
Tenant prepayments 16 67
Security deposits 98 158
Net cash provided by operating activities 9,022 6,032
Cash flows from investing activities    
Proceeds from disposal of property, net of closing costs 32,882  
Capital expenditures (8,156) (15,097)
Net cash provided by (used in) investing activities 24,726 (15,097)
Cash flows from financing activities:    
Redemptions of common stock (25,765) (15,877)
Payment of deferred financing costs (445) (503)
Increase in borrowings 8,946 17,439
Repayments on borrowings (5,760) (4,660)
Purchase of interest rate caps (11) (66)
Distributions paid on common stock (12,520) (16,175)
Net cash used in financing activities (35,555) (19,842)
Net decrease in cash and restricted cash (1,807) (28,907)
Cash and restricted cash at beginning of year 47,988 76,895
Cash and restricted cash at end of year $ 46,181 $ 47,988