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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands | 6 Months Ended
--- | ---
Jun. 30, 2020 | Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES |  |
Net income (loss) | $ (11,769) | $ (2,693)
Adjustments to reconcile net income (loss) to net cash provided by operating activities: |  |
Depreciation and amortization, including amortization of capitalized loan costs | 36,829 | 37,136
(Gain) loss on sale of real estate and other investments | 190 | (669)
Realized (gain) loss on marketable securities | 3,378 | 0
(Gain) loss on litigation settlement | 0 | (2,286)
Share-based compensation expense | 967 | 981
Other, net | 909 | 1,350
Changes in other assets and liabilities: |  |
Other assets | (2,036) | (1,745)
Accounts payable and accrued expenses | (3,192) | (3,468)
Net cash provided by (used by) operating activities | 25,276 | 28,606
CASH FLOWS FROM INVESTING ACTIVITIES |  |
Proceeds from sale of marketable securities | 3,856 | 0
Principal proceeds on mortgage loans receivable | 10,020 | 0
Increase in mortgages and notes receivable | (11,162) | (159)
Proceeds from sale of real estate and other investments | 1,162 | 9,882
Payments for acquisitions of real estate assets | (22,770) | (29,918)
Payments for improvements of real estate assets | (12,428) | (6,317)
Other investing activities | 633 | 282
Net cash provided by (used by) investing activities | (30,689) | (26,230)
CASH FLOWS FROM FINANCING ACTIVITIES |  |
Principal payments on mortgages payable | (6,392) | (74,614)
Proceeds from revolving lines of credit | 41,578 | 146,439
Principal payments on revolving lines of credit | (28,656) | (26,000)
Payments for acquisition of noncontrolling interests – consolidated real estate entities | (12,221) | (1,260)
Proceeds from issuance of common shares | 48,141 | 0
Repurchase of common shares | 0 | (15,677)
Repurchase of Series C preferred shares | (5,579) | 0
Repurchase of partnership units | (23) | (8,124)
Distributions paid to common shareholders | (16,984) | (16,583)
Distributions paid to preferred shareholders | (3,314) | (1,705)
Distributions paid to preferred unitholders | (320) | (57)
Distributions paid to noncontrolling interests – Unitholders of the Operating Partnership | (1,472) | (1,914)
Other financing activities | (213) | (59)
Net cash provided by (used by) financing activities | 14,545 | 446
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | 9,132 | 2,822
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD | 46,117 | 19,256
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD | 55,249 | 22,078
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES |  |
Accrued capital expenditures | (458) | 499
Real estate assets acquired through exchange of note receivable | 17,663 | 0
Note receivable exchanged through real estate acquisition | (17,663) | 0
Property acquired through issuance of Series D preferred units | 0 | 16,560
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION |  |
Cash paid for interest | 13,120 | 15,044
Common Stock |  |
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES |  |
Distributions declared but not paid | 9,694 | 9,038
Preferred Stock |  |
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES |  |
Distributions declared but not paid | 0 | 1,706
Preferred Units |  |
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES |  |
Distributions declared but not paid | $ 0 | $ 160

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- Definition The cash outflow to acquire an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date. Such amount may include accrued interest receivable in accordance with the terms of the note. The note also may contain provisions including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among myriad other features and characteristics. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3213-108585 + Details
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- Definition The cash outflow from the acquisition of a piece of land, anything permanently fixed to it, including buildings, structures on it and so forth; includes real estate intended to generate income for the owner; excludes real estate acquired for use by the owner. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3213-108585 + Details
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- Definition The cash inflow from the additional capital contribution to the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3255-108585 + Details
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- Definition Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3255-108585 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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