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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flow From Operating Activities:    
Net income $ 418,901 $ 14,617
Adjustments to reconcile net income to net cash used in operating activities:    
Gain on sale or write down of assets (16,580) (24,265)
Gain on foreign currency transactions (19,437) (1,185)
Loss on early extinguishment of debt 2,805 1,451
Depreciation and amortization 9,409 11,699
Recovery of bad debts (3,126) (1,326)
Equity in income from unconsolidated joint ventures (471,385) (11,451)
Distribution of income from unconsolidated joint ventures 3,700 3,157
Changes in assets and liabilities, net of dispositions:    
Other assets (4,925) (9,167)
Related party receivables (6,630) 15,461
Accrued interest payable (4,652) (4,801)
Accounts payable and other liabilities 85,046 (1,913)
Net cash used in operating activities (6,874) (7,723)
Cash Flow From Investing Activities:    
Collection of notes receivable 2,726 9,319
Originations and advances on notes receivable (2,118) (3,882)
Purchase of short-term investment (99,350) 0
Redemption of short-term investment 40,250 0
Development and renovation of real estate (11,834) (8,770)
Deferred leasing costs (1,163) (877)
Proceeds from sale of assets 44,591 103,727
Contribution to unconsolidated joint venture 0 (411)
Distribution from unconsolidated joint venture 181,748 7,430
Net cash provided by investing activities 154,850 106,536
Cash Flow From Financing Activities:    
Proceeds from mortgages, other notes and bonds payable 0 20,015
Payments on mortgages, other notes and bonds payable (70,170) (117,193)
Debt extinguishment costs (1,354) (4,086)
Deferred financing costs 0 (606)
Net cash used in financing activities (71,524) (101,870)
Net increase (decrease) in cash, cash equivalents and restricted cash 76,452 (3,057)
Cash, cash equivalents and restricted cash, beginning of period 72,734 87,020
Cash, cash equivalents and restricted cash, end of period $ 149,186 $ 83,963