SUPPLEMENTAL CASH FLOW INFORMATION

6 Months Ended

Jun. 30, 2022

Supplemental Cash Flow Elements [Abstract]

SUPPLEMENTAL CASH FLOW INFORMATION

11. SUPPLEMENTAL CASH FLOW INFORMATION

Supplemental cash flow information and disclosure of non-cash investing and financing activities is as follows:

	For the Six Months Ended June 30,
(in thousands)	2022		2021
Distributions payable		13,609		8,931
Distributions reinvested in common stock		36,418		21,349
Net increase in DST Program Loans receivable through DST Program capital raising		33,587		24,561
Redeemable noncontrolling interests issued as settlement of performance participation allocation		81,185		9,640
Non-cash redemption of minority ownership interest in unconsolidated joint venture partnership		91,028		279,340
Change in accrued future ongoing distribution fees		4,152		17,118
Change in non-cash capital expenditures		24,107		213
Non-cash selling commissions and dealer manager fees		11,671		7,627

Restricted Cash

Restricted cash consists of lender and property-related escrow accounts, as well as utility deposits. The following table presents the components of the beginning of period and end of period cash, cash equivalents and restricted cash reported within the condensed consolidated statements of cash flows:

	For the Six Months Ended June 30,
(in thousands)	2022		2021
Beginning of period:
Cash and cash equivalents	$	216,848	$	232,369
Restricted cash		887		530
Cash, cash equivalents and restricted cash	$	217,735	$	232,899
End of period:
Cash and cash equivalents	$	113,665	$	159,248
Restricted cash		403		1,595
Cash, cash equivalents and restricted cash	$	114,068	$	160,843