Cash Flow Information

9 Months Ended

Sep. 30, 2022

Supplemental Cash Flow Elements [Abstract]

5. CASH FLOW INFORMATION

We consider all highly liquid short-term investments with a maturity of three months or less at purchase or acquisition to be cash equivalents.

At September 30, 2022 and 2021, cash and cash equivalents and restricted cash totaled $34.4 million and $40.9 million, respectively, and

included tenant security deposits of $1.8 million and $1.4 million, respectively.

Cash paid for interest was $49.6 million and $53.1 million for the nine months ended September 30, 2022 and 2021, respectively, net of amounts capitalized of $0.1 million and $0.2 million, respectively.

In our statement of cash flows, we report cash flows on our revolving facilities on a net basis. Aggregate repayments on our First Lien Revolving Facility and Term Loan were $28.5 million and $34.3 million, respectively, for the nine months ended September 30, 2022. Aggregate repayments on our First Lien Term Loan were $4.0 million for the nine months ended September 30, 2021.

Accrued construction costs decreased by $2.6 million and $1.1 million for the nine months ended September 30, 2022 and 2021, respectively, representing non-cash changes in investment in real estate and construction in progress.

The following table provides a summary of cash, cash equivalents, and restricted cash reported within the statement of cash flows as of September 30, 2022 and 2021.


	September 30,
(in thousands of dollars)	2022		2021
Cash and cash equivalents	$	21,063	$	28,975
Restricted cash included in other assets		13,386		11,887
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$	34,449	$	40,862

Our restricted cash consists of cash held in escrow by banks for real estate taxes and other purposes.