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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flow From Operating Activities:      
Net (loss) income $ (26,137) $ 183,040 $ (15,316)
Adjustments to reconcile net (loss) income to net cash (used in) operating activities:      
Gain on disposition of 50% inerest in VAA   (154,126)  
Loss (gain) on sale of income-producing properties 80   (9,842)
Foreign currency transaction loss (gain) 15,108 (12,399) 4,536
Loss on debt extinguishment 5,219    
Gain on sale of land (14,889) (17,404) (4,884)
Depreciation and amortization 13,379 22,761 25,558
Amortization of deferred borrowing costs 662 4,994 3,574
Amortization of bond issuance costs 1,544 2,994 971
Loss (earnings) from joint venture 2,774 (44)  
Earnings from other unconsolidated investees (16) (1,085) (26)
(Increase) decrease in assets:      
Accrued interest receivable (8,916) (22,601) (668)
Other assets (1,149) (105,531) (1,433)
Prepaid expense 10,237 19,124 (5,661)
Rent receivables 626 (3,213) 543
Related party receivables (35,257) (14,995) (9,972)
Increase (decrease) in liabilities:      
Accrued interest payable 2,349 (2,307) 4,573
Other liabilities (1,361) (80,395) (17,027)
Net cash (used in) operating activities (35,747) (181,187) (25,074)
Cash Flow From Investing Activities:      
Proceeds from disposition of 50% interest in VAA   236,752  
Proceeds from notes receivable 13,862 6,541 26,230
Originations or advances on notes receivable (21,434) (16,801) (16,420)
Acquisition of land held for development (3,422)    
Acquisition of income-producing properties   (10,558) (37,044)
Distribution from equity investee 6,701    
Distributions to equity partner (197)    
Proceeds from sale of income-producing properties 1,296 4,889  
Proceeds from sale of land 27,326 11,857 6,301
Improvement of income-producing properties (5,257) (3,688) (64,443)
Construction and development of new properties (28,473) (81,367) (12,936)
Net cash (used in) provided by investing activities (9,598) 147,625 (98,312)
Cash Flow From Financing Activities:      
Proceeds from notes payable 25,675 123,345 135,116
Recurring payment of principal on notes payable (10,446) (124,616) (83,070)
Payment on commercial note payable (41,531)    
Debt extinguishment costs (3,799)    
Proceeds from bonds 78,125 59,213 115,335
Bond payments (21,742)    
Bond issuance costs (4,241) (5,257) (6,887)
Deferred financing costs     (3,599)
Preferred stock dividends - Series D   (900) (900)
Net cash provided by financing activities 22,041 51,785 155,995
Net (decrease) increase in cash, cash equivalents and restricted cash (23,304) 18,223 32,609
Cash, cash equivalents and restricted cash, beginning of period 106,565 88,342 55,733
Cash, cash equivalents and restricted cash, end of period 83,261 106,565 88,342
Supplemental disclosures of cash flow information:      
Cash paid for interest 29,430 61,587 $ 49,791
Schedule of noncash investing and financing activities:      
Land received in exchange for note receivable 1,800    
Notes receivable received from sale of income-producing properties   1,735  
Seller financing note - acquisition of income-producing properties   1,895  
Notes payable issued on acquisition of income-producing properties   $ 31,175  
Notes payable issued on acquisition of land $ 1,155