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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (21,000,000) $ (27,000,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 40,000,000 46,000,000
Amortization of deferred costs and other assets 5,000,000 4,000,000
Asset Impairment Charges 2,000,000 0
Impairment loss (2,000,000) 0
Gain on sales of real estate (23,000,000) 0
Equity-based compensation expense 2,000,000 2,000,000
Changes in assets and liabilities:    
Accounts receivable 2,000,000 (4,000,000)
Other assets (2,000,000) 7,000,000
Accounts payable and accrued expenses 2,000,000 (1,000,000)
Other liabilities 0 3,000,000
Net cash provided by operating activities 5,000,000 30,000,000
Cash flows from investing activities:    
Capital expenditures, primarily investments in existing real estate (9,000,000) (22,000,000)
Lender and other escrows (2,000,000) 0
Insurance proceeds related to real estate casualties 2,000,000 2,000,000
Proceeds from sales of real estate 90,000,000 5,000,000
Net cash provided by (used in) investing activities 81,000,000 (15,000,000)
Cash flows from financing activities:    
Proceeds from debt 110,000,000 0
Repayment of debt (50,000,000) (4,000,000)
Payment of property insurance financing (2,000,000) 0
Dividends on common stock (11,000,000) (12,000,000)
Purchase of common stock 0 (6,000,000)
Net cash provided by (used in) financing activities 47,000,000 (22,000,000)
Increase (decrease) in cash and cash equivalents 133,000,000 (7,000,000)
Cash and cash equivalents at the beginning of the period 101,000,000 68,000,000
Cash and cash equivalents at the end of the period $ 234,000,000 $ 61,000,000