v3.24.2.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
OPERATING ACTIVITIES:              
Net Loss $ (2,358) $ (6,006) $ (1,294) $ (409) $ (8,364) $ (1,703)  
Adjustments to reconcile consolidated net loss to net cash provided by operating activities:              
Depreciation and amortization         12,971 14,767  
Deferred financing cost amortization         1,354 1,721  
Changes in fair value of derivative liabilities 4,968   (3,030)   10,475 (4,882)  
Above (below) market lease amortization, net (860)   (1,237)   (1,773) (2,633)  
Paid-in-kind interest         2,031 2,006  
Loss on repurchase of debt securities         700 594  
Gain on preferred stock redemptions 0   0   (213) 0  
Unrealized gain on investment securities, net         (188) (31)  
Straight-line expense (income)         (34) 15  
Gain on disposal of properties (2,883)   0   (2,883) 0  
Credit adjustments on operating lease receivables (13)   157   (63) 182  
Net changes in assets and liabilities:              
Receivables, net         (1,718) 2,315  
Deferred costs and other assets, net         (1,674) (1,358)  
Accounts payable, accrued expenses and other liabilities         2,491 514  
Net cash provided by operating activities         13,112 11,507  
INVESTING ACTIVITIES:              
Investment property acquisitions         0 (191)  
Expenditures for real estate improvements         (11,897) (6,845)  
Purchases of investment securities         (500) (3,000)  
Cash received from disposal of properties         5,662 0  
Net cash used in investing activities         (6,735) (10,036)  
FINANCING ACTIVITIES:              
Payments for deferred financing costs         (1,597) (4,116)  
Dividends and distributions paid on noncontrolling interest         (5,376) (5,376)  
Loan proceeds         30,135 114,170  
Loan principal payments         (25,932) (107,922)  
Repurchase of debt securities         (1,282) (1,189)  
Loan prepayment penalty         (368) (1,758)  
Net cash used in financing activities         (4,420) (6,191)  
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH         1,957 (4,720)  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period   $ 39,807   $ 55,865 39,807 55,865 $ 55,865
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 41,764   51,145   41,764 51,145 39,807
Supplemental Disclosure:              
Cash and cash equivalents 19,609   28,735   19,609 28,735 18,404
Restricted cash 22,155   22,410   22,155 22,410 21,403
Cash, cash equivalents, and restricted cash $ 41,764   $ 51,145   $ 41,764 $ 51,145 $ 39,807

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