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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (32,973) $ (43,980)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 27,436 28,149
Amortization 2,098 2,141
Straight-line rent adjustments 290 6
Amortization of deferred compensation (165) 1,321
Gain on sale of preferred equity interest (3,688) 0
Paid-in-kind interest 12,547 11,514
Gain on hedge ineffectiveness (8) (1,303)
Equity in loss (income) of partnerships 395 3,433
Cash distributions from partnerships 1,570 0
Change in assets and liabilities:    
Net change in other assets 7,161 18,805
Net change in other liabilities (6,209) (3,860)
Net cash provided by operating activities 8,454 16,226
Cash flows from investing activities:    
Investments in real estate improvements (2,746) (1,928)
Additions to construction in progress (1,385) (1,029)
Investments in partnerships (415) (2)
Capitalized leasing costs (29) 0
Proceeds from sale of preferred equity interest 2,438 0
Additions to leasehold improvements and corporate fixed assets 0 (7)
Net cash used in investing activities (2,137) (2,966)
Cash flows from financing activities:    
Net repayments under the Restructured Revolver 0 0
Net repayments to term loans (2,437) 0
Repayments of finance lease liabilities 0 (170)
Principal installments on mortgage loans (6,048) (9,505)
Payment of deferred financing costs (235) (253)
Value of shares retired under equity incentive plans, net of shares issued 5,427 (647)
Net cash used in financing activities (3,293) (10,575)
Net change in cash, cash equivalents, and restricted cash 3,024 2,685
Cash, cash equivalents, and restricted cash, beginning of period 58,077 51,231
Cash, cash equivalents, and restricted cash, end of period $ 61,101 $ 53,916