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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flow From Operating Activities:    
Net income (loss) $ 855 $ (11,392)
Adjustments to reconcile net income (loss) to net cash (used in) operating activities:    
Distribution from VAA Joint Venture 1,441  
Loss (gain) on sale of income-producing properties   80
Foreign currency transaction (gain) loss (2,244) 8,143
Gain on sale of land (9,477) (4,349)
Depreciation and amortization 6,812 6,548
Amortization of deferred borrowing costs 425 366
Amortization of bond issuance costs 1,550 1,150
Loss from joint venture 1,111 1,291
Loses from other unconsolidated investees (6) 5
(Increase) decrease in assets:    
Accrued interest receivable (1,413) 7,436
Other assets (5,361) 4,442
Prepaid expense (2,345) 4,098
Rent receivables 110 236
Related party receivables (1,581) (31,857)
Increase (decrease) in liabilities:    
Accrued interest payable 1,112 (4,633)
Other liabilities (438) 2,674
Net cash used in operating activities (9,449) (15,762)
Cash Flow From Investing Activities:    
Proceeds from notes receivable 1,227 255
Originations or advances on notes receivable (1,748) (945)
Acquisition of land held for development (2,664) (2,832)
Distribution from equity investee 3,823  
Proceeds from sale of income-producing properties   1,296
Proceeds from sale of land 12,255 15,800
Improvement of income-producing properties (7,727) (4,044)
Construction and development of new properties (253) (17,434)
Net cash provided by (used in) investing activities 4,913 (7,904)
Cash Flow From Financing Activities:    
Proceeds from notes payable 24,517 12,915
Recurring payment of principal on notes payable (19,317) (3,143)
Bond payments (11,561) (10,378)
Distributions to equity partner   (112)
Net cash used in financing activities (6,361) (718)
Net decrease in cash, cash equivalents and restricted cash (10,897) (24,384)
Cash, cash equivalents and restricted cash, beginning of period 83,261 106,565
Cash, cash equivalents and restricted cash, end of period 72,364 82,181
Supplemental disclosures of cash flow information:    
Cash paid for interest 14,710 12,927
Schedule of noncash investing and financing activities:    
Land received in exchanged for note receivable   $ 1,800
Notes payable issued on acquisition of land for development $ 3,350