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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended 24 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Loss $ (8,144,000) $ (16,906,000)  
Adjustments to reconcile consolidated net loss to net cash provided by operating activities      
Depreciation 12,020,000 12,660,000  
Amortization 9,299,000 14,434,000  
Loan cost amortization 1,707,000 2,363,000  
Above (below) market lease amortization, net (1,261,000) (695,000)  
Straight-line expense 188,000 20,000  
Share-based compensation 2,000 940,000  
Gain on disposal of properties (1,394,000) (2,463,000)  
Gain on disposal of properties-discontinued operations 0 (903,000)  
Credit losses on operating lease receivables 449,000 511,000  
Impairment of notes receivable 5,000,000 1,739,000  
Impairment of goodwill 0 5,486,000  
Impairment of real estate 0 3,938,000  
Impairment of assets held for sale 1,598,000 0  
Changes in assets and liabilities, net of acquisitions      
Rent and other tenant receivables, net (1,592,000) (145,000)  
Unbilled rent (100,000) (820,000)  
Deferred costs and other assets, net (312,000) (236,000)  
Accounts payable, accrued expenses and other liabilities (2,205,000) 2,081,000  
Net operating cash flows used in discontinued operations (2,000) (2,000)  
Net cash provided by operating activities 15,253,000 22,002,000  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Investment property acquisitions, net of restricted cash acquired (24,000) (23,153,000)  
Capital expenditures (2,711,000) (5,574,000)  
Cash received from disposal of properties 3,584,000 3,530,000  
Cash received from disposal of properties-discontinued operations 19,000 2,747,000  
Net cash provided by (used in) investing activities 868,000 (22,450,000)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payments for deferred financing costs (779,000) (1,870,000)  
Dividends and distributions paid 0 (14,591,000)  
Proceeds from sales of Preferred Stock, net of expenses 0 21,158,000  
Loan proceeds 31,665,000 30,534,000  
Loan principal payments (43,415,000) (28,977,000)  
Net financing cash flows used in discontinued operations 0 (93,000)  
Net cash (used in) provided by financing activities (12,529,000) 6,161,000  
INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 3,592,000 5,713,000  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH , beginning of year 17,999,000 12,286,000 $ 12,286,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of year 21,591,000 17,999,000 21,591,000
Non-cash Transactions:      
Debt incurred for acquisitions 0 58,867,000  
Conversion of Series B Preferred Stock to Common Stock 0 2,000  
Conversion of common units to Common Stock 2,000 1,518,000  
Issuance of Common Stock for acquisition 0 1,130,000  
Accretion of Preferred Stock discounts 680,000 678,000  
Other Cash Transactions:      
Cash paid for taxes 6,000 42,000  
Cash paid for interest 17,379,000 17,574,000  
Cash and cash equivalents 5,451,000 3,544,000 5,451,000
Restricted cash $ 16,140,000 $ 14,455,000 $ 16,140,000

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