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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flow From Operating Activities:    
Net income (loss) $ 1,064 $ (10,349)
Adjustments to reconcile net income (loss) applicable to common shares to net cash used in operating activities:    
Distribution from VAA Joint Venture 1,441  
Foreign currency transaction (gain) loss (2,244) 8,143
Allowance for bad debt (542)  
Gain on sale of land (9,477) (4,733)
Loss (gain) on sale of income-producing properties   80
Depreciation and amortization 6,812 6,548
Amortization of deferred borrowing costs 425 369
Amortization of bond issuance costs 1,550 1,150
Loss from joint venture 1,111 1,291
(Earnings) from unconsolidated subsidiaries and investees (132) (231)
(Increase) decrease in assets:    
Accrued interest receivable (1,397) 7,724
Other assets (4,911) 4,474
Prepaid expense (2,345) 5,226
Rent receivables 110 236
Related party receivables (4,432) (31,857)
Increase (decrease) in liabilities:    
Accrued interest payable 1,106 (4,818)
Other liabilities (362) 1,257
Net cash used in operating activities (12,223) (15,490)
Cash Flow From Investing Activities:    
Proceeds from notes receivables 5,042 255
Origination of notes receivables (1,748) (945)
Acquisition of land held for development (2,664) (2,832)
Acquisition of income producing properties   1,296
Proceeds from sale of land 12,255 15,800
Distribution from equity investee 3,823  
Improvement of income producing properties (7,727) (4,050)
Construction and development of new properties (253) (17,434)
Net cash provided by (used in) investing activities 8,728 (7,910)
Cash Flow From Financing Activities:    
Bond payments (11,561) (10,378)
Proceeds from notes payable 24,567 12,915
Recurring payment of principal on notes payable (20,247) (3,393)
Distributions to equity partner   (112)
Net cash used in financing activities (7,241) (968)
Net decrease in cash, cash equivalents and restricted cash (10,736) (24,368)
Cash, cash equivalents and restricted cash, beginning of period 83,311 106,615
Cash, cash equivalents and restricted cash, end of period 72,575 82,247
Supplemental disclosures of cash flow information:    
Cash paid for interest 17,680 16,879
Schedule of noncash investing and financing activities:    
Land received in exchanged for note receivable   $ 1,800
Notes payable issued on acquisition of land held for development $ 3,350