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Chapter 11 Cases and Ability to Continue as a Going Concern (Tables) | 3 Months Ended
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Mar. 31, 2021
Chapter Eleven Cases And Ability To Continue As Going Concern [Abstract] |
Summary of Condensed Combined Financial Statement Information Debtors | Condensed combined financial statement information of the Debtors is as follows: Condensed Combined Financial Statements – Debtors (Debtors-In-Possession) Condensed Combined Balance Sheet
|  | March 31, 2021 |  |  | December 31, 2020 |
ASSETS: |  |  |  |  |  |  |  |
Investment in real estate assets |  | $ | 3,946,604 |  |  | $ | 4,056,257 |
Accumulated depreciation |  |  | (1,527,017 | ) |  |  | (1,544,800 | )
|  |  | 2,419,587 |  |  |  | 2,511,457 |
Developments in progress |  |  | 30,526 |  |  |  | 27,853 |
Net investment in real estate assets |  |  | 2,450,113 |  |  |  | 2,539,310 |
Available-for-sale securities - at fair value (amortized cost of $232,774 and $233,053 as of March 31, 2021 and December 31, 2020, respectively) |  |  | 232,795 |  |  |  | 233,071 |
Cash and cash equivalents |  |  | 67,279 |  |  |  | 46,346 |
Restricted Cash |  |  | 56,116 |  |  |  | 29,834 |
Intercompany due from non-debtor entities |  |  | 76,648 |  |  |  | 76,095 |
Other assets |  |  | 132,814 |  |  |  | 140,241 |
Total assets |  | $ | 3,015,765 |  |  | $ | 3,064,897 |
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY: |  |  |  |  |  |  |  |
Other liabilities |  | $ | 114,374 |  |  | $ | 102,910 |
Intercompany due to non-debtor entities |  |  | 5,253 |  |  |  | 5,062 |
Total liabilities not subject to compromise |  |  | 119,627 |  |  |  | 107,972 |
Liabilities subject to compromise |  |  | 2,551,354 |  |  |  | 2,551,490 |
Redeemable noncontrolling interests |  |  | (2,786 | ) |  |  | (2,786 | )
Shareholders' equity |  |  | 350,954 |  |  |  | 411,605 |
Noncontrolling interests |  |  | (3,384 | ) |  |  | (3,384 | )
Total liabilities and owners’ equity |  | $ | 3,015,765 |  |  | $ | 3,064,897 |
Condensed Combined Statement of Operations
|  | Three Months Ended March 31, 2021 |
Total revenues |  | $ | 88,473 |
Depreciation and amortization |  |  | (34,154 | )
Loss on impairment |  |  | (57,182 | )
Expenses |  |  | (45,391 | )
Interest and other income |  |  | 1,788 |
Interest expense (unrecognized contractual interest expense was $44,764 for the three months ended March 31, 2021) |  |  | (632 | )
Reorganization items |  |  | (22,933 | )
Loss on sales of real estate assets |  |  | (299 | )
Income tax provision |  |  | (751 | )
Net loss |  | $ | (71,081 | )
Condensed Combined Statement of Cash Flows
CASH FLOWS FROM OPERATING ACTIVITIES: |  | Three Months Ended March 31, 2021 |
Net loss |  | $ | (71,081 | )
Adjustments to reconcile net loss to net cash provided by operating activities: |  |  |  |
Loss on impairment |  |  | 57,182 |
Other assets and liabilities, net |  |  | 53,954 |
Net cash provided by operating activities |  |  | 40,055 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |
Purchase of available-for-sale securities |  |  | (136,392 | )
Redemption of available-for-sale securities |  |  | 135,987 |
Changes in other assets |  |  | (2,889 | )
Net cash used in investing activities |  |  | (3,294 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |
Net distributions from non-Debtor subsidiaries |  |  | 10,428 |
Other financing activities |  |  | 26 |
Net cash provided by financing activities |  |  | 10,454 |
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH |  |  | 47,215 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period |  |  | 76,180 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period |  | $ | 123,395 |
Reconciliation from condensed combined statement of cash flows to condensed combined balance sheet: |  |  |  |
Cash and cash equivalents |  | $ | 67,279 |
Restricted cash |  |  | 56,116 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period |  | $ | 123,395 |
SUPPLEMENTAL INFORMATION |  |  |  |
Cash paid for reorganization items |  | $ | 12,044 |

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- Definition Summary of condensed combined financial statement information debtors. + References No definition available. + Details
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