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Chapter 11 Cases and Ability to Continue as a Going Concern (Tables) | 6 Months Ended
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Jun. 30, 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 Sheets
|  | June 30, 2021 |  |  | December 31, 2020 |
ASSETS: |  |  |  |  |  |  |  |
Investment in real estate assets |  | $ | 4,000,429 |  |  | $ | 4,056,257 |
Accumulated depreciation |  |  | (1,557,473 | ) |  |  | (1,544,800 | )
|  |  | 2,442,956 |  |  |  | 2,511,457 |
Developments in progress |  |  | 14,215 |  |  |  | 27,853 |
Net investment in real estate assets |  |  | 2,457,171 |  |  |  | 2,539,310 |
Available-for-sale securities - at fair value (amortized cost of $183,496 and $233,053 as of June 30, 2021 and December 31, 2020, respectively) |  |  | 183,490 |  |  |  | 233,071 |
Cash and cash equivalents |  |  | 131,713 |  |  |  | 46,346 |
Restricted cash |  |  | 88,810 |  |  |  | 29,834 |
Intercompany due from non-debtor entities |  |  | 76,365 |  |  |  | 76,095 |
Intangible lease assets and other assets |  |  | 126,035 |  |  |  | 140,241 |
Total assets |  | $ | 3,063,584 |  |  | $ | 3,064,897 |
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY: |  |  |  |  |  |  |  |
Other liabilities |  | $ | 113,173 |  |  | $ | 102,910 |
Intercompany due to non-debtor entities |  |  | 5,771 |  |  |  | 5,062 |
Total liabilities not subject to compromise |  |  | 118,944 |  |  |  | 107,972 |
Liabilities subject to compromise |  |  | 2,591,706 |  |  |  | 2,551,490 |
Shareholders' equity and noncontrolling interests of the Debtors |  |  | 352,934 |  |  |  | 405,435 |
Total liabilities and equity |  | $ | 3,063,584 |  |  | $ | 3,064,897 |
Condensed Combined Statements of Operations
|  | Three Months Ended June 30, 2021 |  |  | Six Months Ended June 30, 2021 |
Total revenues |  | $ | 90,191 |  |  | $ | 178,664 |
Depreciation and amortization |  |  | (34,228 | ) |  |  | (68,382 | )
Loss on impairment |  |  | — |  |  |  | (57,182 | )
Expenses |  |  | (41,448 | ) |  |  | (86,839 | )
Interest and other income |  |  | 1,568 |  |  |  | 3,356 |
Interest expense (unrecognized contractual interest expense was $45,279 and $90,043 for the three and six months ended June 30, 2021, respectively) |  |  | (395 | ) |  |  | (1,027 | )
Reorganization items |  |  | (17,073 | ) |  |  | (40,006 | )
Gain (loss) on sales of real estate assets |  |  | 107 |  |  |  | (192 | )
Income tax provision |  |  | (705 | ) |  |  | (1,456 | )
Net loss |  | $ | (1,983 | ) |  | $ | (73,064 | )
Condensed Combined Statements of Cash Flows
CASH FLOWS FROM OPERATING ACTIVITIES: |  | Six Months Ended June 30, 2021 |
Net loss |  | $ | (73,064 | )
Adjustments to reconcile net loss to net cash provided by operating activities: |  |  |  |
Loss on impairment |  |  | 57,182 |
Other assets and liabilities, net |  |  | 96,277 |
Net cash provided by operating activities |  |  | 80,395 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |
Purchases of available-for-sale securities |  |  | (319,887 | )
Redemptions of available-for-sale securities |  |  | 368,380 |
Changes in other assets |  |  | (5,437 | )
Net cash provided by investing activities |  |  | 43,056 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |
Net distributions from non-Debtor subsidiaries |  |  | 20,845 |
Other financing activities |  |  | 47 |
Net cash provided by financing activities |  |  | 20,892 |
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH |  |  | 144,343 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period |  |  | 76,180 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period |  | $ | 220,523 |
Reconciliation from condensed combined statement of cash flows to condensed combined balance sheet: |  |  |  |
Cash and cash equivalents |  | $ | 131,713 |
Restricted cash |  |  | 88,810 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period |  | $ | 220,523 |
SUPPLEMENTAL INFORMATION |  |  |  |
Cash paid for reorganization items |  | $ | 35,602 |

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