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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flow From Operating Activities:    
Net loss $ (6,482) $ (385)
Adjustments to reconcile net income (loss) applicable to common shares to net cash provided by (used in) operating activities:    
Foreign currency transaction loss (gain) 5,818 (1,756)
Gain on sale of land (2,216) (1,335)
Depreciation and amortization 3,109 6,391
Amortization of deferred borrowing costs 339 983
Amortization of bond issuance costs 592 299
Loss from joint venture 1,055  
(Earnings) from unconsolidated subsidiaries and investees (58) (320)
(Increase) decrease in assets:    
Accrued interest receivable 1,726 842
Other assets 4,822 (1,468)
Prepaid expense (5,340) 7,365
Rent receivables (3,275) 259
Related party receivables (7,971) (7,621)
Increase (decrease) in liabilities:    
Accrued interest payable (5,466) (2,796)
Other liabilities (3,102) 3,047
Net cash (used in) provided by operating activities (16,449) 3,505
Cash Flow From Investing Activities:    
Proceeds from notes receivables 255  
Origination of notes receivables (385) (11,118)
Acquisition of land held for development (2,479)  
Proceeds from sale of income producing properties   2,128
Proceeds from sale of land 8,715 3,649
Improvement of income producing properties (3,699) (633)
Construction and development of new properties (7,838) (20,117)
Net cash (used in) investing activities (5,431) (26,091)
Cash Flow From Financing Activities:    
Proceeds from bonds   39,399
Bond payments (10,378)  
Bond issuance costs   (2,022)
Proceeds from notes payable 8,019 17,343
Recurring payment of principal on notes payable (1,182) (7,415)
Payments on maturing notes payable   (16,750)
Distributions to equity partner (67)  
Preferred stock dividends - Series A   (225)
Net cash (used in) provided by financing activities (3,608) 30,330
Net increase in cash and cash equivalents (25,488) 7,744
Cash and cash equivalents, beginning of period 106,615 88,538
Cash and cash equivalents, end of period 81,127 96,282
Supplemental disclosures of cash flow information:    
Cash paid for interest $ 10,887 13,375
Schedule of noncash investing and financing activities:    
Notes receivable received from sale of income-producing properties   $ 6,384