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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities:    
Net loss $ (58,902) $ (26,686)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 27,392 41,408
Impairment charges on real estate 19,896 8,706
Equity in loss of an unconsolidated entity 1,161 0
Distribution of operating cash flow from an unconsolidated entity 11,901 0
Deferred rents (1,628) (1,874)
Amortization of above- and below-market leases, net (723) (948)
Amortization of deferred financing costs 1,050 1,615
Unrealized losses on derivative instruments 33,991 14,619
Loss from extinguishment of debt 188 0
Changes in operating assets and liabilities:    
Rents and other receivables (2,083) (3,072)
Prepaid expenses and other assets (10,718) (19,321)
Accounts payable and accrued liabilities (7,218) 1,662
Other liabilities 892 (1,094)
Due to affiliates 2,211 (7)
Net cash provided by operating activities 17,410 15,008
Cash Flows from Investing Activities:    
Improvements to real estate (29,448) (13,713)
Payments for construction in progress (2,111) (5,041)
Payments of post-closing acquisition costs 0 (338)
Insurance proceeds received for property damage 0 519
Net cash used in investing activities (31,559) (18,573)
Cash Flows from Financing Activities:    
Proceeds from notes payable 104,510 111,398
Principal payments on notes payable (66,901) (33,971)
Payments of deferred financing costs (1,429) (2,401)
Payments to redeem common stock (3,049) (52,578)
Payments of prepaid other offering costs (739) 0
Payments of other offering costs (1) (2)
Distributions paid to common stockholders (15,573) (15,390)
Net cash provided by financing activities 16,818 7,056
Net increase in cash, cash equivalents and restricted cash 2,669 3,491
Cash, cash equivalents and restricted cash, beginning of period 49,272 76,038
Cash, cash equivalents and restricted cash, end of period 51,941 79,529
Supplemental Disclosure of Cash Flow Information:    
Interest paid, net of capitalized interest of $475 for the three months ended March 31, 2019 13,761 20,774
Supplemental Disclosure of Noncash Investing and Financing Activities:    
Distributions payable 9,064 9,437
Redeemable common stock payable 0 3,518
Accrued improvements to real estate 23,075 20,596
Construction in progress payable 0 8,118
Acquisition fee related to construction in progress due to affiliate 33 961
Distributions paid to common stockholders through common stock issuances pursuant to the dividend reinvestment plan $ 11,904 $ 13,497