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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Cash Flows from Operating Activities:          
Net loss $ (6,864) $ (2,805) $ (17,902) $ (4,891)  
Adjustment to reconcile net loss to net cash used in operating activities          
Equity in income of unconsolidated entity 0 0 0 (2,800)  
Depreciation and amortization 4,909 5,107 9,805 10,181  
Loss (gain) on real estate equity securities 728 (221) 4,618 (1,335)  
Deferred rents     (357) (233)  
Amortization of above- and below-market leases, net     (1,008) (1,373)  
Amortization of deferred financing costs     1,020 807  
Foreign currency translation gain     0 (64)  
Unrealized gain on derivative instruments     (9) (71)  
Changes in operating assets and liabilities:          
Rents and other receivables     (205) (217)  
Prepaid expenses and other assets     (674) (647)  
Accounts payable and accrued liabilities     307 (222)  
Due to affiliates     414 15  
Other liabilities     152 638  
Net cash used in operating activities     (3,839) (212)  
Cash Flows from Investing Activities:          
Improvements to real estate     (4,931) (6,578)  
Investment in real estate securities     (4,049) (4)  
Investment in unconsolidated entities     (143) 0  
Proceeds from the sale of real estate equity securities     758 0  
Distribution of capital from unconsolidated entities     383 5,104  
Proceeds from termination of derivative instruments     0 145  
Net cash used in investing activities     (7,982) (1,333)  
Cash Flows from Financing Activities:          
Proceeds from notes payable     1,560 3,779  
Principal payments on notes payable     (348) (4,690)  
Payments of deferred financing costs     (41) (249)  
Other financing proceeds     1,710 0  
Principal payments on finance lease obligations     (251) (196)  
Payments to redeem common stock     (1,730) (2,733)  
Distributions paid     (107) (826)  
Payments of other offering costs     (15) 0  
Noncontrolling interest contributions     10 210  
Distributions to noncontrolling interest     (200) (100)  
Net cash provided by (used in) financing activities     588 (4,805)  
Net decrease in cash, cash equivalents and restricted cash     (11,233) (6,350)  
Cash, cash equivalents and restricted cash, beginning of period     23,476 26,858 $ 26,858
Cash, cash equivalents and restricted cash, end of period $ 12,243 $ 20,508 12,243 20,508 $ 23,476
Supplemental Disclosure of Cash Flow Information:          
Interest paid, net of capitalized interest of $68 and $0 for the six months ended June 30, 2020 and 2019, respectively     6,785 9,029  
Supplemental Disclosure of Noncash Investing and Financing Activities:          
Distributions paid to common stockholders through common stock issuances pursuant to the dividend reinvestment plan     135 1,347  
Foreign currency translation loss on investment in unconsolidated entity     0 (25)  
Redemption payable     621 1,662  
Accrued improvements to real estate     1,240 2,272  
Distributions payable     0 241  
Construction cost payable     $ 0 $ 14