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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities:    
Net loss $ (4,058) $ (1,581)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,166 2,200
Impairment charges on real estate 5,750 0
Equity in income of unconsolidated joint venture 469 0
Deferred rents 191 (158)
Amortization of above and below-market leases, net (278) (343)
Amortization of deferred financing costs 83 89
Unrealized loss on derivative instrument 1,766 629
Loss from extinguishment of debt 29 0
Gain on sale of real estate, net (5,245) 0
Changes in operating assets and liabilities:    
Rents and other receivables (17) (75)
Prepaid expenses and other assets (420) (426)
Accounts payable and accrued liabilities (1,144) (1,203)
Due to affiliates 441 483
Other liabilities (327) (171)
Net cash used in operating activities (594) (556)
Cash Flows from Investing Activities:    
Proceeds from sale of real estate 23,603 0
Improvements to real estate (834) (893)
Reimbursement from unconsolidated joint venture 3 0
Net cash provided by (used in) investing activities 22,772 (893)
Cash Flows from Financing Activities:    
Proceeds from notes payable 0 681
Principal payments on notes payable (23,650) 0
Proceeds from issuance of common stock 0 1,211
Payments to redeem common stock 0 (21)
Distributions paid to common stockholders (627) (845)
Net cash (used in) provided by financing activities (24,277) 1,026
Net decrease in cash and cash equivalents (2,099) (423)
Cash and cash equivalents, beginning of period 6,287 6,648
Cash and cash equivalents, end of period 4,188 6,225
Supplemental Disclosure of Cash Flow Information    
Interest paid 1,117 1,301
Supplemental Disclosure of Noncash Investing and Financing Activities:    
Distributions payable 215 460
Accrued improvements to real estate 259 402
Dividends paid to common stockholders through common stock issuances pursuant to the distribution reinvestment plan $ 269 $ 456