v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (4,022) $ (4,059)
Adjustments to reconcile consolidated net loss to net cash provided by operating activities    
Depreciation 9,553 7,958
Amortization 11,390 12,497
Loan cost amortization 1,682 2,509
Above (below) market lease amortization, net (421) 448
Share-based compensation 727 735
Gain on disposal of properties (2,312) (1,021)
Gain on disposal of properties-discontinued operations (903) (1,502)
Provision for credit losses 335 443
Changes in assets and liabilities, net of acquisitions    
Rent and other tenant receivables, net 919 (612)
Unbilled rent (1,037) (955)
Related party receivables 78 (866)
Deferred costs and other assets, net 71 (606)
Accounts payable, accrued expenses and other liabilities 2,487 3,819
Net operating cash flows provided by discontinued operations (7) 32
Net cash provided by operating activities 18,540 18,820
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment property acquisitions (23,153) 0
Capital expenditures (3,841) (4,262)
Cash received from disposal of properties 3,231 2,416
Cash received from disposal of properties-discontinued operations 2,747 1,871
Net investing cash used in discontinued operations (5) 0
Net cash (used in) provided by investing activities (21,021) 25
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments for deferred financing costs (1,192) (646)
Dividends and distributions paid (11,554) (15,264)
Proceeds from sales of Preferred Stock, net of expenses 21,158 78
Loan proceeds 28,487 17,170
Loan principal payments (26,192) (17,566)
Net financing cash flows used in discontinued operations (166) (1,844)
Net cash provided by (used in) financing activities 10,541 (18,072)
INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 8,060 773
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 12,286 14,515
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 20,346 15,288
Non-Cash Transactions:    
Debt assumed for acquisition 58,867 0
Conversion of common units to common stock 1,298 1,296
Conversion of Series B Preferred Stock to Common Stock 2 0
Conversion of senior convertible debt into common stock 0 31
Issuance of Common Stock for acquisition 1,130 0
Accretion of preferred stock discounts 509 605
Other Cash Transactions:    
Cash paid for taxes 39 220
Cash paid for interest $ 13,084 $ 10,404

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