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Chapter 11 Cases and Ability to Continue as a Going Concern (Tables) | 9 Months Ended
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Sep. 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
|  | September 30, 2021 |  |  | December 31, 2020 |
ASSETS: |  |  |  |  |  |  |  |
Investment in real estate assets |  | $ | 3,917,871 |  |  | $ | 4,056,257 |
Accumulated depreciation |  |  | (1,576,277 | ) |  |  | (1,544,800 | )
|  |  | 2,341,594 |  |  |  | 2,511,457 |
Held for sale |  |  | 6,239 |  |  |  | — |
Developments in progress |  |  | 14,450 |  |  |  | 27,853 |
Net investment in real estate assets |  |  | 2,362,283 |  |  |  | 2,539,310 |
Available-for-sale securities - at fair value (amortized cost of $99,991 and $233,053 as of September 30, 2021 and December 31, 2020, respectively) |  |  | 99,998 |  |  |  | 233,071 |
Cash and cash equivalents |  |  | 255,280 |  |  |  | 46,346 |
Restricted cash |  |  | 118,800 |  |  |  | 29,834 |
Intercompany due from non-debtor entities |  |  | 76,499 |  |  |  | 76,095 |
Intangible lease assets and other assets |  |  | 129,250 |  |  |  | 140,241 |
Total assets |  | $ | 3,042,110 |  |  | $ | 3,064,897 |
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY: |  |  |  |  |  |  |  |
Other liabilities |  | $ | 109,415 |  |  | $ | 102,910 |
Intercompany due to non-debtor entities |  |  | 6,205 |  |  |  | 5,062 |
Total liabilities not subject to compromise |  |  | 115,620 |  |  |  | 107,972 |
Liabilities subject to compromise |  |  | 2,551,686 |  |  |  | 2,551,490 |
Shareholders' equity and noncontrolling interests of the Debtors |  |  | 374,804 |  |  |  | 405,435 |
Total liabilities and equity |  | $ | 3,042,110 |  |  | $ | 3,064,897 |
Condensed Combined Statements of Operations
|  | Three Months Ended September 30, 2021 |  |  | Nine Months Ended September 30, 2021 |
Total revenues |  | $ | 99,795 |  |  | $ | 277,877 |
Depreciation and amortization |  |  | (33,046 | ) |  |  | (101,175 | )
Loss on impairment |  |  | (25,169 | ) |  |  | (82,351 | )
Expenses |  |  | (45,720 | ) |  |  | (132,152 | )
Interest and other income |  |  | 1,258 |  |  |  | 4,507 |
Interest expense (unrecognized contractual interest expense was $45,344 and $135,162 for the three and nine months ended September 30, 2021, respectively) |  |  | (25 | ) |  |  | (1,062 | )
Reorganization items |  |  | (12,017 | ) |  |  | (52,014 | )
Gain on sales of real estate assets |  |  | 8,684 |  |  |  | 8,492 |
Income tax benefit (provision) |  |  | 1,234 |  |  |  | (222 | )
Net loss |  | $ | (5,006 | ) |  | $ | (78,100 | )
Condensed Combined Statements of Cash Flows
CASH FLOWS FROM OPERATING ACTIVITIES: |  | Nine Months Ended September 30, 2021 |
Net loss |  | $ | (78,100 | )
Adjustments to reconcile net loss to net cash provided by operating activities: |  |  |  |
Loss on impairment |  |  | 82,351 |
Other assets and liabilities, net |  |  | 113,974 |
Net cash provided by operating activities |  |  | 118,225 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |
Purchases of available-for-sale securities |  |  | (553,810 | )
Redemptions of available-for-sale securities |  |  | 685,809 |
Changes in other assets |  |  | 207 |
Net cash provided by investing activities |  |  | 132,206 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |
Net distributions from non-Debtor subsidiaries |  |  | 47,480 |
Other financing activities |  |  | 67 |
Net cash provided by financing activities |  |  | 47,547 |
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH |  |  | 297,978 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period |  |  | 76,180 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period |  | $ | 374,158 |
Reconciliation from condensed combined statement of cash flows to condensed combined balance sheet: |  |  |  |
Cash and cash equivalents |  | $ | 255,280 |
Restricted cash |  |  | 118,800 |
Cash included in assets held for sale |  |  | 78 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period |  | $ | 374,158 |
SUPPLEMENTAL INFORMATION |  |  |  |
Cash paid for reorganization items |  | $ | 51,488 |

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