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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended 14 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
OPERATING ACTIVITIES          
Net (loss) income $ (42,763,000) $ 51,464,000 $ (43,839,000) $ 52,717,000  
Adjustments to reconcile net (loss) income to net cash provided by operating activities:          
Gain on sales       (49,904,000)  
Impairment charges (reversal)     16,829,000 (1,849,000)  
Straight-line rents and expenses, net     (4,000) (305,000)  
Provision for doubtful accounts     840,000 502,000  
Depreciation and amortization     15,066,000 21,468,000  
Amortization of intangible lease liabilities, net     (506,000) (539,000)  
Expense relating to share-based compensation, net     823,000 1,926,000  
Amortization of deferred financing costs     440,000 748,000  
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:          
Rents and other receivables     (1,006,000) (591,000)  
Prepaid expenses and other     3,659,000 1,276,000  
Accounts payable and accrued liabilities     23,780,000 (645,000)  
Net cash provided by operating activities     16,082,000 24,804,000  
INVESTING ACTIVITIES          
Expenditures for real estate improvements     (16,932,000) (13,762,000)  
Net proceeds from sales of real estate     31,866,000 104,497,000  
Contributions to unconsolidated joint venture     (155,000) (2,481,000) $ (4,800,000)
Net cash provided by investing activities     14,779,000 88,254,000  
FINANCING ACTIVITIES          
Repayments under revolving credit facility     (29,000,000) (183,000,000)  
Advances under revolving credit facility     4,000,000 20,000,000  
Repayment of term note       (50,000,000)  
Termination payment related to interest rate swap       (503,000)  
Mortgage proceeds       114,000,000  
Mortgage repayments     (571,000) (548,000)  
Payments of debt financing costs     (6,000) (1,620,000)  
Noncontrolling interests:          
Distributions to limited partners     (5,000) (10,000)  
Acquisition of joint venture minority interest share     (1,000,000)    
Redemption of OP units       (8,000)  
Common stock sales less issuance expenses, net       2,000  
Preferred stock dividends     (5,376,000) (5,376,000)  
Distributions to common shareholders     (900,000) (1,799,000)  
Net cash used in financing activities     (32,858,000) (108,862,000)  
Net (decrease) increase in cash, cash equivalents and restricted cash     (1,997,000) 4,196,000  
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 1,272,000 5,833,000 1,272,000 5,833,000 1,272,000
Reconciliation to consolidated balance sheets:          
Cash and cash equivalents 1,042,000 5,603,000 1,042,000 5,603,000 1,042,000
Restricted cash 230,000 230,000 230,000 230,000 230,000
Cash, cash equivalents and restricted cash at end of period $ 1,272,000 $ 5,833,000 $ 1,272,000 $ 5,833,000 $ 1,272,000