XML 18 R8.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (43,988) $ (69,360)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 54,201 56,048
Amortization 4,163 4,475
Straight-line rent adjustments 322 74
Deferred compensation 400 2,469
Gain on sale of preferred equity interest (3,688) (4,587)
Paid-in-kind interest 25,932 23,406
Gain on hedge ineffectiveness (17) (1,797)
(Gain) loss on sales of interests in real estate, net (1,701) 974
Gain on sale of equity method investment (9,053)  
Gain on sales of real estate by equity method investee   (1,347)
Gain on sales of interests in non-operating real estate (8,755)  
Equity in loss (income) of partnerships 1,583 1,000
Cash distributions from partnerships 3,725 0
Impairment of real estate assets   1,302
Change in assets and liabilities:    
Net change in other assets 12,600 20,119
Net change in other liabilities (4,543) 1,904
Net cash provided by operating activities 31,181 34,680
Cash flows from investing activities:    
Cash proceeds from sales of real estate 28,079 828
Investments in real estate improvements (5,902) (9,332)
Additions to construction in progress (1,594) (5,320)
Investments in partnerships (587) (557)
Capitalized leasing costs (101) (25)
Proceeds from sale of preferred equity interest 2,438  
Additions to leasehold improvements and corporate fixed assets (87) (30)
Net cash used in investing activities 22,246 (14,436)
Cash flows from financing activities:    
Net repayments to the First Lien Revolving Facility (38,471)  
Net repayments to term loans (19,766) (826)
Repayments of finance lease liabilities   (341)
Principal installments on mortgage loans (15,292) (14,689)
Payment of deferred financing costs (395) (902)
Repayments of mortgage loans   (135,155)
Proceeds from mortgage loans   127,685
Value of shares retired under equity incentive plans, net of shares issued (767) (647)
Net cash used in financing activities (74,691) (24,875)
Net change in cash, cash equivalents, and restricted cash (21,264) (4,631)
Cash, cash equivalents, and restricted cash, beginning of period 58,077 51,231
Cash, cash equivalents, and restricted cash, end of period $ 36,813 $ 46,600