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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flow From Operating Activities:    
Net (loss) income $ (19,799) $ 28,526
Adjustments to reconcile net (loss) income to net cash (used in) operating activities:    
Foreign currency transaction loss (gain) 13,296 (6,357)
Loss on debt extinguishment 5,219  
Gain on sale of land (9,872) (13,578)
Loss on sale of income-producing properties 80  
Depreciation and amortization 9,964 19,768
Amortization of deferred borrowing costs 502 1,296
Amortization of bond issuance costs 2,352 2,346
Loss from joint venture 1,480  
(Earnings) from unconsolidated subsidiaries and investees (345) (802)
(Increase) decrease in assets:    
Accrued interest receivable 282 1,177
Other assets 9,064 521
Prepaid expense 4,435 1,407
Rent receivables 404 (621)
Related party receivables (35,257) (28,341)
Increase (decrease) in liabilities:    
Accrued interest payable (1,454) (3,324)
Other liabilities 10,848 (13,233)
Net cash (used in) operating activities (8,801) (11,215)
Cash Flow From Investing Activities:    
Proceeds from notes receivables 255 6,541
Origination of notes receivables (7,262) (14,557)
Distribution from equity investee 1,928  
Acquisition of land held for development (3,422)  
Acquisition of income producing properties 1,296  
Proceeds from sale of income producing properties   2,706
Proceeds from sale of land 21,734 10,439
Improvement of income producing properties (4,644) (3,688)
Construction and development of new properties (26,667) (73,357)
Net cash (used in) investing activities (16,782) (71,916)
Cash Flow From Financing Activities:    
Proceeds from bonds 78,125 59,213
Bond payments (21,742)  
Bond issuance costs (4,241) (5,257)
Proceeds from notes payable 18,105 68,943
Recurring payment of principal on notes payable (5,812) (14,443)
Payments on maturing notes payable   (16,750)
Payment on commercial note payable (41,531)  
Debt extinguishment costs (3,799)  
Distributions to equity partner (197)  
Preferred stock dividends - Series A   (675)
Net cash provided by financing activities 18,908 91,031
Net increase in cash and cash equivalents (6,675) 7,900
Cash and cash equivalents, beginning of period 106,615 88,538
Cash and cash equivalents, end of period 99,940 96,438
Supplemental disclosures of cash flow information:    
Cash paid for interest 33,521 45,655
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   1,735
Seller financing note - acquisition of income-producing properties   1,895
Notes payable issued on acquisition of income-producing properties   $ 31,175
Notes payable issued on acquisition of land $ 1,155