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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ (8,047) $ (13,997)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Equity in (earnings) losses of unconsolidated ventures (1,014) 3,922
Depreciation and amortization 8,901 9,649
Impairment loss 456 0
Amortization of below market debt 844 824
Amortization of deferred financing costs 140 155
Amortization of equity-based compensation 56 57
(Gain) loss on investments and other 178 (332)
Change in allowance for uncollectible accounts 139 167
Changes in assets and liabilities:    
Receivables (438) 587
Other assets 628 (374)
Due to related party (121) (208)
Escrow deposits payable 367 330
Accounts payable and accrued expenses (1,203) (4,445)
Other liabilities 41 129
Net cash provided by (used in) operating activities 927 (3,536)
Cash flows from investing activities:    
Capital expenditures for operating real estate (2,926) (3,810)
Sales of real estate 11,573 135
Distributions from unconsolidated ventures 0 2,334
Sales of other assets 0 523
Net cash provided by (used in) investing activities 8,647 (818)
Cash flows from financing activities:    
Repayments of mortgage notes (15,299) (4,819)
Payments on financing and other obligations (13) (32)
Contributions from non-controlling interests 13 45
Distributions to non-controlling interests (38) (22)
Net cash provided by (used in) financing activities (15,337) (4,828)
Net increase (decrease) in cash, cash equivalents and restricted cash (5,763) (9,182)
Cash, cash equivalents and restricted cash-beginning of period 92,943 115,660
Cash, cash equivalents and restricted cash-end of period 87,180 106,478
Supplemental disclosure of cash flow information:    
Cash paid for interest 8,673 10,434
Supplemental disclosure of non-cash investing and financing activities:    
Accrued capital expenditures 972 1,071
Reclassification of assets held for sale $ 534 $ 0