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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 32,025 $ (13,244)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization, including amortization of capitalized loan costs 56,169 59,895
(Gain) loss on sale of real estate, other investments, and discontinued operations (39,774) (25,799)
(Gain) loss on litigation settlement (1,349) 0
Share-based compensation expense 1,452 1,032
Impairment of real estate investments 0 17,809
Other, net 2,476 1,911
Changes in other assets and liabilities:    
Other assets (705) 4,433
Accounts payable and accrued expenses 1,348 (2,855)
Net cash provided by (used by) operating activities 51,642 43,182
CASH FLOWS FROM INVESTING ACTIVITIES    
Increase in notes receivable (159) (7,509)
Proceeds from sale of real estate and other investments 93,804 85,384
Payments for acquisitions of real estate assets (156,650) (130,144)
Payments for improvements of real estate assets (11,860) (11,386)
Other investing activities 247 1,488
Net cash provided by (used by) investing activities (74,618) (62,167)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from mortgages payable 59,900 0
Principal payments on mortgages payable (145,279) (92,577)
Proceeds from revolving lines of credit 223,643 125,017
Principal payments on revolving lines of credit (178,000) (269,517)
Proceeds from notes payable 124,878 74,352
Principal payments on construction debt 0 (21,149)
Payments for acquisition of noncontrolling interests – consolidated real estate entities (1,260) 0
Repurchase of common shares (18,023) (3,415)
Repurchase of partnership units (8,135) (2,751)
Distributions paid to common shareholders (32,925) (25,129)
Distributions paid to preferred shareholders (5,116) (5,116)
Distributions paid to preferred unitholders (377) 0
Distributions paid to noncontrolling interests – Unitholders of the Operating Partnership (3,630) (2,949)
Distributions paid to noncontrolling interests – consolidated real estate entities (95) (2,428)
Other financing activities (22) 0
Net cash provided by (used by) financing activities 15,559 (225,662)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (7,417) (244,647)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 19,256 286,226
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 11,839 41,579
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Accrued capital expenditures 9 (1,200)
Property acquired through issuance of Series D preferred units 16,560 0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest 22,746 24,139
Common Stock    
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Distributions declared but not paid 0 9,339
Preferred Stock    
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Distributions declared but not paid $ 0 $ 1,705