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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flow From Operating Activities:    
Net income $ 23,215 $ 4,388
Adjustments to reconcile net income to net cash used in operating activities:    
Gain on sale or write down of assets (17,398) (4,138)
Gain on foreign currency transactions (7,617) (7,843)
Depreciation and amortization 3,953 4,325
Provision for bad debts (1,017) (542)
Equity in (income ) loss from unconsolidated joint ventures (3,336) 260
Distribution of income from unconsolidated joint ventures 3,157 0
Changes in assets and liabilities, net of dispositions:    
Other assets 2,981 (544)
Related party receivables 2,525 (151)
Accrued interest payable (4,244) (3,193)
Accrued interest payable (3,668) (4,164)
Net cash used in operating activities (1,449) (11,602)
Cash Flow From Investing Activities:    
Collection of notes receivable 9,373 5,042
Originations and advances on notes receivable (10,448) (768)
Acquisition of real estate 0 (2,000)
Development and renovation of real estate (4,978) (7,742)
Deferred leasing costs (755) 0
Proceeds from sale of assets 14,434 5,638
Contribution to unconsolidated joint ventures (411) 0
Distribution from unconsolidated joint ventures 7,430 5,264
Net cash provided by investing activities 14,645 5,434
Cash Flow From Financing Activities:    
Proceeds from mortgages, other notes and bonds payable 0 5,114
Payments on mortgages, other notes and bonds payable (25,133) (14,153)
Debt extinguishment costs 0 0
Deferred financing costs (22) 0
Preferred stock dividends 0 0
Net cash used in financing activities (25,155) (9,039)
Net decrease in cash, cash equivalents and restricted cash (11,959) (15,207)
Cash, cash equivalents and restricted cash, beginning of period 87,020 83,311
Cash, cash equivalents and restricted cash, end of period $ 75,061 $ 68,104