v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES:    
Net income (loss) $ 6,083 $ (8,470)
Adjustments to reconcile consolidated net income (loss) to net cash from operating activities    
Depreciation and amortization 28,502 19,540
Deferred financing cost amortization 2,860 6,098
Changes in fair value of derivative liabilities (3,458) 2,335
Above (below) market lease amortization, net (4,849) (2,079)
Paid-in-kind interest 3,908 3,739
Loss on repurchase of debt securities 1,647 0
Gain on preferred stock redemptions (9,893) 0
Unrealized gain on investment securities, net (685) 0
Straight-line expense (10) 32
Gain on disposal of properties (2,204) (2,604)
Credit losses on operating lease receivables 522 361
Impairment of assets held for sale 0 760
Net changes in assets and liabilities    
Receivables, net (103) (1,961)
Deferred costs and other assets, net (2,745) 4,381
Accounts payable, accrued expenses and other liabilities 1,359 8,626
Net cash provided by operating activities 20,934 30,758
INVESTING ACTIVITIES:    
Investment property acquisitions (4,259) (135,510)
Expenditures for real estate improvements (20,021) (8,511)
Purchase of investment securities (10,000) 0
Cash received from disposal of properties 2,759 10,509
Net cash used in investing activities (31,521) (133,512)
FINANCING ACTIVITIES:    
Payments for deferred financing costs (4,440) (12,683)
Dividends and distributions paid on noncontrolling interests (10,752) (2,688)
Loan proceeds 123,230 400,000
Loan principal payments (108,635) (263,815)
Repurchase of debt securities (3,116) 0
Loan payment penalty (1,758) (2,614)
Net cash (used in) provided by financing activities (5,471) 118,200
(DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (16,058) 15,446
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 55,865 40,419
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, end of period 39,807 55,865
Supplemental Disclosure:    
Cash and cash equivalents 18,404 28,491
Restricted cash 21,403 27,374
Cash, cash equivalents, and restricted cash $ 39,807 $ 55,865

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