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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:        
Net loss $ (1,501) $ (1,207) $ (6,430) $ (5,474)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization 1,933 2,153 6,089 6,522
Impairment charges on real estate 0 0 5,750 0
Equity in loss (income) of unconsolidated joint venture 402 (13) 837 (13)
Deferred rents     230 (447)
Amortization of above and below-market leases, net     (769) (959)
Amortization of deferred financing costs 100 100 243 267
Unrealized loss on derivative instrument     1,161 1,949
Loss from extinguishment of debt 0 0 29 0
Gain on sale of real estate, net 0 0 (5,245) 0
Changes in operating assets and liabilities:        
Rents and other receivables     (57) (129)
Prepaid expenses and other assets     (294) (508)
Accounts payable and accrued liabilities     (512) (296)
Due to affiliates     1,278 1,417
Other liabilities     (596) (224)
Net cash provided by operating activities     1,714 2,105
Cash Flows from Investing Activities:        
Proceeds from sale of real estate     23,603 0
Improvements to real estate     (1,262) (3,303)
Investment in an unconsolidated joint venture     0 (935)
Reimbursement from unconsolidated joint venture     3 0
Net cash provided by (used in) investing activities     22,344 (4,238)
Cash Flows from Financing Activities:        
Proceeds from notes payable     0 681
Principal payments on notes payable     (26,650) 0
Proceeds from issuance of common stock     0 2,411
Payments to redeem common stock     (207) (21)
Distributions paid to common stockholders     (1,232) (2,683)
Net cash (used in) provided by financing activities     (28,089) 388
Net decrease in cash and cash equivalents     (4,031) (1,745)
Cash and cash equivalents, beginning of period     6,287 6,648
Cash and cash equivalents, end of period $ 2,256 $ 4,903 2,256 4,903
Supplemental Disclosure of Cash Flow Information        
Interest paid     3,047 3,848
Supplemental Disclosure of Noncash Investing and Financing Activities:        
Distributions payable     0 464
Accrued improvements to real estate     47 548
Dividends paid to common stockholders through common stock issuances pursuant to the distribution reinvestment plan     $ 522 $ 1,380