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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
2 Months Ended 10 Months Ended 12 Months Ended
Dec. 31, 2021
Oct. 31, 2021
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss) $ (152,731) $ (486,413) $ 3,204 $ (99,515)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:          
Depreciation and amortization 49,504 158,574 190,505 256,310  
Net amortization of deferred financing costs, discounts on available-for-sale securities and debt discounts 174,439 1,877 23,824 117,489  
Reorganization items (non-cash)   256,433      
Net amortization of intangible lease assets and liabilities 3,346 659 21,425 20,798  
(Gain) loss on sales of real estate assets 3 (12,187) (5,125) (5,345)  
Loss (gain) on insurance proceeds (433)   176 (687)  
Gain on deconsolidation (19,126) (55,131) (47,879) (36,250)  
Loss on available-for-sale securities       39  
Write-off of development projects 3 745 39 834  
Share-based compensation expense 282 1,186 12,982 11,885  
Loss on impairment 0 146,781   252  
Gain on extinguishment of debt     (3,270) (7,344)  
Equity in (earnings) losses of unconsolidated affiliates (797) 10,823 (11,865) (19,796)  
Distributions of earnings from unconsolidated affiliates 2,247 16,358 18,433 23,905  
Change in estimate of uncollectable revenues 1,008 5,692 1,646 (4,463)  
Change in deferred tax accounts (10,853)   (1,283) 1,128  
Changes in:          
Tenant and other receivables (4,574) 25,707 (3,752) (10,494)  
Other assets 1,120 368 1,247 (355)  
Accounts payable and accrued liabilities 13,611 35,587 (16,791) (40,157)  
Net cash provided by operating activities 57,049 107,059 183,516 208,234  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Additions to real estate assets (5,455) (26,168) (42,859) (39,064)  
Acquisitions of real estate assets       (5,766)  
Proceeds from sales of real estate assets   33,265 9,810 9,633  
Purchases of available-for-sale securities (449,986) (787,746) (312,782) (741,042)  
Redemptions of available-for-sale securities 299,988 1,019,735 355,543 600,697  
Proceeds from disposal of investments 7,103        
Proceeds from insurance   1,064 281 743  
Additional investments in and advances to unconsolidated affiliates (1,126) 327 (10,926) (3,269)  
Distributions in excess of equity in earnings of unconsolidated affiliates 10,758 10,689 5,297 25,547  
Changes in other assets (298) (3,672) (2,663) (4,164)  
Net cash provided by (used in) investing activities (139,016) 247,494 1,701 (156,685)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from mortgage and other indebtedness   50,041   425,000  
Principal payments on mortgage and other indebtedness (11,690) (194,283) (79,000) (524,171)  
Additions to deferred financing costs (427) (1,684) (693) (18,834)  
Repurchases of common stock     (1,109)    
Contributions from noncontrolling interests   298 117 589  
Payment of tax withholdings for restricted stock awards and performance stock units   (11) (3,184) (1,740)  
Distributions to and redemptions of noncontrolling interests   (354) (2,128) (2,769)  
Dividends paid to common shareholders     (118,093) (23,873)  
Net cash used in financing activities (12,117) (145,993) (204,090) (145,798)  
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (94,084) 208,560 (18,873) (94,249)  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 330,282 121,722 141,949 236,198 $ 121,722
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 236,198 330,282 123,076 141,949 236,198
Reconciliation from consolidated statements of cash flows to consolidated balance sheets:          
Cash and cash equivalents 169,554 260,207 34,188 [1] 44,718 [1] 169,554
Restricted cash:          
Restricted cash 33,012 33,876 53,180 58,182 33,012
Mortgage escrows 33,632 36,199 35,708 39,049 $ 33,632
SUPPLEMENTAL INFORMATION          
Cash paid for interest, net of amounts capitalized 11,589 43,176 $ 136,146 124,149  
Cash paid for reorganization items $ 525 $ 178,944   $ 6,532  
[1] As of December 31, 2023, includes $187,221 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $209,637 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 10.