SUPPLEMENTAL DISCLOSURE TO STATEMENT OF CASH FLOWS

3 Months Ended

Mar. 31, 2018

Supplemental Cash Flow Elements [Abstract]

SUPPLEMENTAL DISCLOSURE TO STATEMENT OF CASH FLOWS

NOTE 13: SUPPLEMENTAL DISCLOSURE TO STATEMENT OF CASH FLOWS

The following are supplemental disclosures to the statements of cash flows for the three months ended March 31, 2018 and 2017:

	For the Three Months Ended March 31,
	2018			2017
Cash paid for interest	$	12,925		$	16,247
Cash paid (refunds received) for taxes		(2	)		24
Non-cash increase in investments in real estate, intangible assets, and other liabilities from conversion of loans		—			1,590
Non-cash (decrease) in investments in real estate, restricted cash, other assets, intangible assets, accounts payable and accrued expenses, and other liabilities from deconsolidation of properties		—			(43,025	)
Non-cash increase (decrease) in indebtedness from debt extinguishments		(293	)		(3,813	)
Non-cash increase (decrease) in indebtedness from deconsolidation of properties		—			(27,467	)

For a discussion of the non-cash changes in indebtedness and investments in real estate, restricted cash, other assets, intangible assets, accounts payable and accrued expenses, and other liabilities that occurred during the three months ended March 31, 2017, see Note 4: Investments in Real Estate and Note 5: Indebtedness.

During the three months ended March 31, 2018, we transferred certain loans with an unpaid principal balance of $90,260 held for investment to held for sale, which were sold in March 2018.  During the three months ended March 31, 2018, we transferred nine additional loans from held for investment to held for sale with a carrying amount of $38,394. See Note 3: Investment in Commercial Mortgage Loans, Mezzanine Loans, and Preferred Equity Interests for further discussion.

During the three months ended March 31, 2018, we acquired the noncontrolling interests related to PlazAmericas Mall for $343, including transaction costs. See Note 10: Shareholders’ Equity for further discussion.

The following table summarizes our cash and cash equivalents and restricted cash balances as of March 31, 2018 and March 31, 2017:

	As of March 31, 2018		As of March 31, 2017
Cash and cash equivalents	$	84,483	$	96,432
Restricted cash		152,962		141,610
Total cash and cash equivalents and restricted cash	$	237,445	$	238,042