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Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Cash flows from operating activities  
Net loss $ (802)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash provided by operating activities:  
Depreciation and amortization (including amortization of deferred financing costs and fair value of debt) 5,056us-gaap_DepreciationDepletionAndAmortization
Amortization of lease intangibles 3,120us-gaap_AmortizationOfIntangibleAssets
Straight-line rental income 717fur_StraightLiningOfRentalIncomeLoss
Loan discount accretion (1,205)us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Discount accretion received in cash 5,865us-gaap_AccretionOfDiscount
Earnings of preferred equity investments (7)fur_EarningsLossOfPreferredEquityInvestments
Income of equity investments (6,194)us-gaap_IncomeLossFromEquityMethodInvestments
Distributions of income from equity investments 3,926us-gaap_EquityMethodInvestmentDividendsOrDistributions
Restricted cash held in escrows (516)us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities
Gain on sale of securities carried at fair value (2)us-gaap_GainLossOnSaleOfSecuritiesNet
Gain on sale of real estate investments (4,425)us-gaap_GainsLossesOnSalesOfInvestmentRealEstate
Impairment loss on investments in real estate 9,200us-gaap_ImpairmentOfRealEstate
Tenant leasing costs (1,294)fur_TenantLeasingCosts
Equity compensation expenses 414us-gaap_ShareBasedCompensation
Bad debt recovery (351)fur_BadDebtRecoveryExpense
Changes in assets and liabilities:  
Interest receivable 187us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet
Accounts receivable and other assets 227us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
Accounts payable, accrued liabilities and other liabilities (1,250)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash provided by operating activities 12,666us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities  
Issuance of loans receivable (17,492)us-gaap_PaymentsToAcquireLoansReceivable
Investments in real estate (1,814)us-gaap_PaymentsToAcquireAndDevelopRealEstate
Investment in equity investments (40,002)us-gaap_PaymentsToAcquireEquityMethodInvestments
Return of capital distribution from equity investments 418us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
Purchase of securities carried at fair value (73)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Proceeds from sale of investments in real estate 5,324us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment
Proceeds from sale of equity investments 200us-gaap_ProceedsFromSaleOfEquityMethodInvestments
Proceeds from sale of securities carried at fair value 75fur_ProceedsFromSaleOfSecuritiesCarriedAtFairValue
Proceeds from sale of loans receivable 37,052us-gaap_ProceedsFromSaleOfLoansReceivable
Restricted cash held in escrows 1,040us-gaap_IncreaseDecreaseInRestrictedCash
Collection of loans receivable 3,214us-gaap_ProceedsFromCollectionOfLoansReceivable
Cash from consolidation of properties 332fur_CashProceedsFromConsolidationOfProperties
Net cash used in investing activities (11,726)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities  
Principal payments of mortgage loans payable (2,450)us-gaap_RepaymentsOfSecuredDebt
Restricted cash held in escrows (2,872)us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
Contribution from non-controlling interest 149us-gaap_ProceedsFromMinorityShareholders
Distribution to non-controlling interest (20)us-gaap_PaymentsToMinorityShareholders
Proceeds from issuance of Common Shares under Dividend Reinvestment Plan 91us-gaap_ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
Dividend paid on Common Shares (5,819)us-gaap_PaymentsOfDividendsCommonStock
Dividend paid on Restricted Shares (19)fur_PaymentsOfDividendsRestrictedShares
Net cash used in financing activities (10,940)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net decrease in cash and cash equivalents (10,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 112,512us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 102,512us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Disclosure of Cash Flow Information  
Interest paid 6,672us-gaap_InterestPaid
Capitalized interest 975us-gaap_InterestPaidCapitalized
Taxes paid 11us-gaap_IncomeTaxesPaid
Supplemental Disclosure on Non-Cash Investing and Financing Activities  
Dividends accrued on Common Shares and Restricted Shares 5,916fur_DividendsAccruedOnCommonSharesAndRestrictedShares
Dividends accrued on Series D Preferred Shares 2,787fur_DividendsAccruedOnSeriesDPreferredShares
Capital expenditures accrued 2,403us-gaap_CapitalExpendituresIncurredButNotYetPaid
Conveyance of secured financing in settlement of loans receivable (29,150)fur_ConveyanceOfSecuredFinancingInSettlementOfLoansReceivable
Forgiveness of loan receivable 190us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs
Seller financing receivable 4,500fur_SellerFinancingReceivable
Fair value of assets acquired 69,140us-gaap_FairValueOfAssetsAcquired
Fair value of liabilities assumed $ 52,687us-gaap_LiabilitiesAssumed1