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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Operating activities      
Net income $ 7,210 $ 6,741  
Adjustments to reconcile net income to net cash provided by operating activities:      
Unit-based compensation 130 70  
Unrealized (gain) loss on derivatives 2,762 (3,148)  
Amortization expense 3,517 4,022  
Amortization of above- and below- market lease (224) (328)  
Amortization of deferred loan costs 665 798  
Amortization of discount on secured notes 93 93  
Receivables interest accretion (3)   $ (3)
Impairments 204    
Gain on sale of real property interests (5,862)    
Allowance for doubtful accounts 5 (10)  
Equity loss from unconsolidated joint venture 55    
Return on investment in unconsolidated joint venture 1,482    
Foreign currency transaction loss 21    
Changes in operating assets and liabilities:      
Rent receivables, net (899) 107  
Accounts payable and accrued liabilities (416) 743  
Deferred rent 110 81  
Prepaid rent 466 1,728  
Due from Landmark and affiliates (598) 1,126  
Other assets (551) (343)  
Net cash provided by operating activities 8,167 11,680  
Investing activities      
Acquisition of land (3,346) (6,931)  
Acquisition of real property interests and development activities (12,159) (27,309)  
Proceeds from sale of real property interests 13,385    
Repayments of receivables 150 299 1,108
Net cash used in investing activities (1,970) (33,941)  
Financing activities      
Proceeds from the issuance of Common Units, net   437  
Proceeds from the issuance of Preferred Units, net   603  
Proceeds from revolving credit facility 10,000 40,000  
Principal payments on secured notes (1,361) (969)  
Deferred loan costs (128) (253)  
Capital contribution to fund general and administrative expense reimbursement 764 491  
Distributions to non-controlling interests (8) (4)  
Consideration associated with Drop-down Acquisitions   (20,394)  
Net cash provided by (used in) financing activities (2,964) 8,502  
Effect of changes in foreign currency exchange rates on cash, cash equivalents and restricted cash 15 21  
Net increase (decrease) in cash, cash equivalents and restricted cash 3,248 (13,738)  
Cash, cash equivalents and restricted cash at beginning of the period 7,780 27,860 27,860
Cash, cash equivalents and restricted cash at end of the period 11,028 14,122 $ 7,780
Limited Partners | Preferred Units      
Financing activities      
Distributions to limited partners (2,919) (1,996)  
Limited Partners | Common and Subordinated Units      
Financing activities      
Distributions to limited partners $ (9,312) $ (9,413)