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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES    
Net income (loss) $ 45,799,000 $ (28,166,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Gain on sales (125,500,000) (49,904,000)
Impairment charges 25,979,000 80,887,000
Straight-line rents and expenses, net (376,000) (285,000)
Provision for doubtful accounts 1,070,000 606,000
Depreciation and amortization 19,088,000 30,978,000
Amortization of intangible lease liabilities, net (595,000) (807,000)
Expense relating to share-based compensation, net 1,608,000 2,509,000
Amortization of deferred financing costs 2,679,000 1,203,000
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Rents and other receivables (15,232,000) (862,000)
Prepaid expenses and other (6,007,000) (4,771,000)
Accounts payable and accrued liabilities 29,063,000 931,000
Net cash (used in) provided by operating activities (22,424,000) 32,319,000
INVESTING ACTIVITIES    
Expenditures for real estate improvements (21,693,000) (19,612,000)
Net proceeds from sales of real estate 699,337,000 104,497,000
Contributions to unconsolidated joint venture (155,000) (3,193,000)
Net cash provided by investing activities 677,489,000 81,692,000
FINANCING ACTIVITIES    
Repayments under revolving credit facility (70,000,000) (188,000,000)
Advances under revolving credit facility 4,000,000 79,000,000
Repayment of term note (300,000,000) (100,000,000)
Proceeds (termination payment) related to interest rate swap 3,400,000 (503,000)
Mortgage proceeds 130,000,000 114,000,000
Mortgage repayments (664,000) (825,000)
Payments of debt financing costs (3,807,000) (3,261,000)
Noncontrolling interests:    
Distributions to limited partners (467,000) (15,000)
Acquisition of joint venture minority interest share (1,000,000)  
Redemption of OP units (966,000) (8,000)
Common stock sales less issuance expenses, net   4,000
Preferred stock dividends (8,064,000) (8,064,000)
Distributions to common shareholders (397,300,000) (3,015,000)
Net cash used in financing activities (644,868,000) (110,687,000)
Net increase in cash, cash equivalents and restricted cash 10,197,000 3,324,000
Cash, cash equivalents and restricted cash at beginning of period 3,269,000 1,637,000
Cash, cash equivalents and restricted cash at end of period 13,466,000 4,961,000
Reconciliation to condensed consolidated balance sheets:    
Cash and cash equivalents 2,062,000 4,731,000
Restricted cash 11,404,000 230,000
Cash, cash equivalents and restricted cash at end of period $ 13,466,000 $ 4,961,000