Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	8 Months Ended	9 Months Ended
	Aug. 31, 2019	Sep. 30, 2018
Operating activities
Net loss	$ (56,847)	$ (10,174)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	47,378	63,071
Impairment, net of recoveries for loan losses	4,869	15,415
Amortization of deferred financing costs	3,692	2,581
Amortization of debt discounts	4,593	5,291
Share-based compensation expense	1,405	2,875
Loss on debt extinguishment, net	21,411	363
Gain on disposition of real estate assets	(1,740)	(7,464)
Non-cash revenue	(2,482)	(2,145)
Bad debt expense and other	950	500
Changes in operating assets and liabilities:
Deferred costs and other assets, net	2,495	(5,551)
Accounts payable, accrued expenses and other liabilities	7,473	1,970
Net cash provided by operating activities	33,197	66,732
Investing activities
Acquisitions of real estate	0	(112,694)
Capitalized real estate expenditures	(5,891)	(2,634)
Collections of principal on loans receivable	36,399	3,741
Proceeds from dispositions of real estate and other assets	32,660	68,862
Net cash provided by (used in) investing activities	63,168	(42,725)
Financing activities
Borrowings under mortgages and notes payable	0	92,216
Repayments under mortgages and notes payable	(27,025)	(31,935)
Restricted cash surrendered in loan foreclosure	(21,227)	0
Debt extinguishment costs	(144)	(363)
Deferred financing costs	0	(1,415)
Repurchase of common shares for tax withholdings related to net shares settlements	(36)	0
Preferred share offering costs	(25)	0
Dividends paid on common shares	(85,652)	0
Dividends paid on preferred shares	(7,958)	(5,300)
Contributions from parent company	0	91,662
Distributions to parent company	0	(198,038)
Net cash used in financing activities	(142,067)	(53,173)
Net decrease in cash, cash equivalents and restricted cash	(45,702)	(29,166)
Cash, cash equivalents and restricted cash, beginning of period	205,100	66,510
Cash, cash equivalents and restricted cash, end of period	159,398	37,344
Interest paid	66,495	74,265
Taxes paid	139	280
Supplemental Disclosures of Non-Cash Investing and Financing Activities:
Investment distribution from parent	0	80,429
Investment distribution to parent	0	2,144
Financing provided in connection with the disposition of assets	0	2,888
Preferred equity issuance	0	155,000
Relief of debt through foreclosure of real estate properties	160,785	0
Net real estate and other assets surrendered to lender	159,735	0
Accrued interest capitalized to principal	3,364	0
Distributions declared and unpaid	$ 2,653	$ 14,190