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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flow From Operating Activities:    
Net income $ 409,817 $ 18,689
Adjustments to reconcile net income to net cash used in operating activities:    
Gain on sale or write down of assets (16,580) (22,970)
Gain on foreign currency transactions (19,437) (1,185)
Loss on early extinguishment of debt 2,805 1,451
Depreciation and amortization 9,409 11,699
Provision (recovery) of bad debts 298 (1,017)
Equity in income from unconsolidated joint venture (470,428) (11,535)
Distribution of income from unconsolidated joint venture 2,600 3,157
Changes in assets and liabilities, net of dispositions:    
Other assets (282) (8,009)
Related party receivables (6,523) 9,343
Interest payable (4,503) (1,928)
Accounts payable and other liabilities 87,430 (4,893)
Net cash used in operating activities (5,394) (7,198)
Cash Flow From Investing Activities:    
Collection of notes receivable 2,726 8,822
Originations and advances on notes receivable (2,118) (3,882)
Purchase of short-term investment (99,350) 0
Redemption of short-term investment 40,250 0
Development and renovation of real estate (11,834) (8,770)
Deferred leasing costs (1,163) (877)
Proceeds from sale of assets 44,591 103,727
Contribution to unconsolidated joint venture 0 (411)
Distributions from unconsolidated joint venture 180,248 7,430
Net cash provided by investing activities 153,350 106,039
Cash Flow From Financing Activities:    
Proceeds from mortgages, other notes and bonds payable 0 20,015
Payments on mortgages, other notes and bonds payable (70,170) (117,193)
Debt extinguishment costs (1,354) (4,086)
Deferred financing costs 0 (606)
Net cash used in financing activities (71,524) (101,870)
Net increase (decrease) in cash, cash equivalents and restricted cash 76,432 (3,029)
Cash, cash equivalents and restricted cash, beginning of period 72,721 86,967
Cash, cash equivalents and restricted cash, end of period $ 149,153 $ 83,938