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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flow From Operating Activities:    
Net (loss) income $ (10,349) $ 5,910
Adjustments to reconcile net income (loss) applicable to common shares to net cash provided by (used in) operating activities:    
Foreign currency transaction loss (gain) 8,143 (7,645)
Gain on sale of land (4,733) (1,335)
Loss on sale of income-producing properties 80  
Depreciation and amortization 6,548 12,895
Amortization of deferred borrowing costs 369 1,394
Amortization of bond issuance costs 1,150 728
Loss from joint venture 1,291  
(Earnings) from unconsolidated subsidiaries and investees (231) (597)
(Increase) decrease in assets:    
Accrued interest receivable 7,724 (1,154)
Other assets 4,474 4,791
Prepaid expense 5,226 1,597
Rent receivables 236 269
Related party receivables (31,857) (18,070)
Increase (decrease) in liabilities:    
Accrued interest payable (4,818) (1,040)
Other liabilities 1,257 5,203
Net cash (used in) provided by operating activities (15,490) 2,946
Cash Flow From Investing Activities:    
Proceeds from notes receivables 255 6,541
Origination of notes receivables (945) (14,557)
Acquisition of land held for development (2,832)  
Acquisition of income producing properties 1,296  
Proceeds from sale of income producing properties   2,706
Proceeds from sale of land 15,800 3,649
Improvement of income producing properties (4,050) (2,725)
Construction and development of new properties (17,434) (47,452)
Net cash (used in) investing activities (7,910) (51,838)
Cash Flow From Financing Activities:    
Proceeds from bonds   39,399
Bond payments (10,378)  
Bond issuance costs   (2,022)
Proceeds from notes payable 12,915 44,707
Recurring payment of principal on notes payable (3,393) (11,762)
Payments on maturing notes payable   (16,750)
Distributions to equity partner (112)  
Preferred stock dividends - Series A   (450)
Net cash (used in) provided by financing activities (968) 53,122
Net increase in cash and cash equivalents (24,368) 4,230
Cash and cash equivalents, beginning of period 106,615 88,538
Cash and cash equivalents, end of period 82,247 92,768
Supplemental disclosures of cash flow information:    
Cash paid for interest 16,879 31,029
Schedule of noncash investing and financing activities:    
Land received in exchanged for note receivable $ 1,800  
Notes receivable received from sale of income-producing properties   6,384
Seller financing note - acquisition of income-producing properties   1,895
Notes payable issued on acquisition of income-producing properties   $ 8,605