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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (77,687) $ (32,180)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization of real estate assets 174,501 126,786
Impairment of real estate assets 74,626 27,696
Depreciation and amortization of corporate assets 4,519 11,137
Amortization of deferred financing expenses 3,758 3,615
Amortization of Debt Discount (Premium) 6,007 (992)
Net amortization of above- and below-market leases (3,266) (2,967)
Gain on disposal of property, net (10,903) (5,556)
Change in fair value of earn-out liability (7,500) 1,500
Straight-line rent (7,024) (3,544)
Share-based compensation expense 5,971 3,713
Other impairment charges 9,661 0
Other 1,223 1,042
Changes in operating assets and liabilities:    
Other assets, net 858 (10,731)
Accounts payable and other liabilities 1,138 2,517
Net cash provided by operating activities 175,882 122,036
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate acquisitions (49,880) (31,252)
Capital expenditures (48,079) (29,341)
Proceeds from sale of real estate 86,159 44,338
Return of investment in unconsolidated joint ventures 2,498 0
Net cash used in investing activities (9,302) (16,255)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in credit facility (73,359) (6,000)
Proceeds from mortgages and loans payable 60,000 65,000
Payments on outstanding indebtedness (7,277) (24,751)
Distributions paid, net of DRIP (92,484) (61,125)
Distributions to noncontrolling interests (20,616) (21,377)
Repurchases of common stock (30,178) (50,252)
Payments of deferred financing expenses (696) (782)
Other (208) 0
Net cash used in financing activities (164,818) (99,287)
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 1,762 6,494
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:    
Beginning of period 84,304 27,445
End of period 86,066 33,939
RECONCILIATION TO CONSOLIDATED BALANCE SHEETS    
Cash, cash equivalents, and restricted cash at end of the period 84,304 27,445
SUPPLEMENTAL CASH FLOW DISCLOSURE, INCLUDING NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Cash paid for interest 66,811 49,157
Right-of-use (“ROU”) assets obtained in exchange for new lease liabilities 1,444 739
Accrued capital expenditures 3,036 2,881
Change in distributions payable 269 (216)
Change in distributions payable - noncontrolling interests 590 0
Change in accrued share repurchase obligation 706 (618)
Distributions reinvested $ 51,329 $ 32,691