CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	3 Months Ended
Mar. 31, 2019	Mar. 31, 2018
Cash Flow From Operating Activities:
Net loss	$ (5,426)	$ (101)
Adjustments to reconcile net loss applicable to common shares to net cash flows from operating activities:
Foreign currency transaction loss (gain)	5,818	(1,756)
Gain on sale of land	(2,216)	(1,335)
Depreciation and amortization	3,109	6,446
Amortization of deferred borrowing costs	336	986
Amortization of bond issuance costs	592	299
Loss from joint venture	1,055
Losses (earnings) from other unconsolidated investees	7	(11)
(Increase) decrease in assets:
Accrued interest receivable	1,201	(2,779)
Other assets	4,823	(1,468)
Prepaid expense	(5,339)	7,365
Rent receivables	(3,501)	259
Related party receivables	(9,795)	(1,599)
Increase (decrease) in liabilities:
Accrued interest payable	(5,522)	(2,556)
Other liabilities	(2,778)	(2,065)
Net cash (used in) provided by operating activities	(17,636)	1,685
Cash Flow From Investing Activities:
Proceeds from notes receivable	255
Originations or advances on notes receivable	(385)	(8,080)
Acquisition of land held for development	(2,479)
Proceeds from sale of income-producing properties		2,128
Proceeds from sale of land	8,715	2,636
Improvement of income-producing properties	(3,699)	(633)
Construction and development of new properties	(7,838)	(20,117)
Net cash (used in) investing activities	(5,431)	(24,066)
Cash Flow From Financing Activities:
Proceeds from notes payable	8,018	17,343
Recurring payment of principal on notes payable	(932)	(7,415)
Payments on maturing notes payable		(16,750)
Proceeds from bonds		39,399
Bond payments	(10,378)
Bond issuance costs		(2,022)
Distributions to equity partner	(67)
Preferred stock dividends - Series D		(222)
Net cash (used in) provided by financing activities	(3,359)	30,333
Net (decrease) increase in cash, cash equivalents and restricted cash	(26,426)	7,952
Cash, cash equivalents and restricted cash, beginning of period	106,565	88,342
Cash, cash equivalents and restricted cash, end of period	80,139	96,294
Supplemental disclosures of cash flow information:
Cash paid for interest	$ 8,936	13,301
Schedule of noncash investing and financing activities:
Notes receivable received from sale of income-producing properties		$ 6,384

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The cash inflow from the sale of land held for use; excludes sales of land held as inventory or investments.

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Cash received from the sale of real estate that is held for investment, that is, it is part of an investing activity during the period.

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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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The cash outflow for a borrowing supported by a written promise to pay an obligation.

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