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Condensed Consolidated Statements of Cash Flows
$ in Thousands
3 Months Ended
Mar. 31, 2022
USD ($)
Mar. 31, 2021
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (43,223) $ (28,280)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 68,943 48,112
Net amortization of deferred financing costs and debt discounts 63,655 923
Net amortization of intangible lease assets and liabilities 6,323 58
(Gain) loss on sales of real estate assets (16) 299
Gain on deconsolidation (36,250) (55,131)
Share-based compensation expense 2,743 395
Loss on impairment   57,182
Equity in (earnings) losses of unconsolidated affiliates (8,566) 3,076
Distributions of earnings from unconsolidated affiliates 7,840 2,566
Change in estimate of uncollectable revenues (737) 6,486
Change in deferred tax accounts (67)  
Changes in:    
Tenant and other receivables 3,305 11,017
Other assets (5,114) (8,115)
Accounts payable and accrued liabilities (16,407) 24,181
Net cash provided by operating activities 42,429 62,769
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to real estate assets (5,762) (6,865)
Proceeds from sales of real estate assets 16 2,510
Purchases of available-for-sale securities (149,936) (136,392)
Redemptions of available-for-sale securities 149,998 135,987
Payments received on mortgage and other notes receivable 13 224
Additional investments in and advances to unconsolidated affiliates (997) 57
Distributions in excess of equity in earnings of unconsolidated affiliates 4,697 2,279
Changes in other assets (471) (364)
Net cash used in investing activities (2,442) (2,564)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on mortgage and other indebtedness (29,500) (13,732)
Additions to deferred financing costs (1,668) (16)
Contributions from noncontrolling interests 143  
Payment of tax withholdings for restricted stock awards   (1)
Distributions to noncontrolling interests   (11)
Net cash used in financing activities (31,025) (13,760)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 8,962 46,445
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 236,198 121,713
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 245,160 168,158
Reconciliation from condensed consolidated statements of cash flows to condensed consolidated balance sheets:    
Cash and cash equivalents 185,744 [1] 84,646
Restricted cash (1):    
Restricted cash 28,678 [2] 61,146 [2]
Mortgage escrows 30,738 [2] 22,366 [2]
SUPPLEMENTAL INFORMATION:    
Cash paid for interest, net of amounts capitalized 21,453 14,055
Cash paid for reorganization items $ 3,156 $ 12,044
[1] As of March 31, 2022, includes $254,237 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $142,132 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7.
[2] Included in intangible lease assets and other assets in the condensed consolidated balance sheets