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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:        
Net income $ 16,831 $ 16,591 $ 33,987 $ 37,021
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 4,817 5,336 9,647 10,671
Amortization of above/below market leases, net 569 332 1,120 664
Gain on sales of investment properties, net 0 0 (828) (3,651)
Changes in assets and liabilities:        
Changes in accounts receivable     1,338 1,321
Changes in other assets     (386) (3,013)
Changes in right-of-use lease assets     917 1,043
Changes in accounts payable and accrued expenses     145 (572)
Changes in lease liabilities     58 59
Changes in other liabilities     15 1,938
Net cash provided by operating activities     46,013 45,481
Cash flows from investing activities:        
Proceeds from sales of investment properties     7,196 20,961
Net cash provided by investing activities     7,196 20,961
Cash flows from financing activities:        
Distributions paid to Certificateholders     (68,189) (659,651)
Net cash used in financing activities     (68,189) (659,651)
Net change in cash and cash equivalents     (14,980) (593,209)
Cash and cash equivalents, at beginning of period     48,922 627,522
Cash and cash equivalents, at end of period $ 33,942 $ 34,313 $ 33,942 $ 34,313