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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (24,158) $ (5,100)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Loss on disposal of assets 146 149
Net gain on disposition of property 0 (20,619)
Casualty loss   478
Depreciation and amortization 30,150 29,580
Amortization of deferred financing costs 791 837
Amortization of mortgage premiums (84) (85)
Realized loss on ineffectiveness of interest rate caps (34)  
Changes in operating assets and liabilities:    
Tenant receivables, net (133) (54)
Due from related parties 296 56
Prepaid expenses and other assets (1,053) (158)
Due to related parties 1,001 (229)
Accounts payable and accrued expenses (246) 2,584
Accrued real estate taxes 1,453  
Tenant prepayments (47) (78)
Security deposits 156 74
Net cash provided by operating activities 8,238 7,435
Cash flows from investing activities    
Proceeds from disposal of property, net of closing costs   32,882
Capital expenditures (3,974) (5,536)
Net cash provided by (used in) investing activities (3,974) 27,346
Cash flows from financing activities:    
Redemptions of common stock (2,312) (23,802)
Payment of deferred financing costs   (445)
Proceeds from borrowings on mortgage notes payable   8,946
Repayments on mortgage notes payable (6,057) (4,040)
Purchase of interest rate caps (16) (11)
Distributions paid on common stock (2,873) (9,620)
Net cash used in financing activities (11,258) (28,972)
Net increase (decrease) in cash and restricted cash (6,994) 5,809
Cash and restricted cash at beginning of period 46,181 47,988
Cash and restricted cash at end of period $ 39,187 $ 53,797