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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flow From Operating Activities:      
Net income $ 475,317 $ 6,445 $ 11,267
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Gain on sale, remeasurement or write down of assets (87,132) (24,647) (36,895)
(Gain ) loss on foreign currency transactions (20,067) 6,175 13,378
Loss on early debt extinguishment 2,805 1,451 0
Depreciation and amortization 13,111 15,029 18,579
(Recovery) provision for doubtful accounts (3,284) (1,326) 984
Equity in (income) loss from unconsolidated joint ventures (469,268) (14,634) 379
Distribution of income from unconsolidated joint ventures 5,200 3,157 1,782
Changes in assets and liabilities, net of acquisitions and dispositions:      
Other assets 7,782 (14,205) (3,450)
Related party receivables (7,585) 18,246 (327)
Accrued interest payable (1,318) (4,650) (531)
Accounts payable and other liabilities 39,053 (2,564) (1,668)
Net cash (used in) provided by operating activities (45,386) (11,523) 3,498
Cash Flow From Investing Activities:      
Collection of notes receivable 3,027 18,171 8,251
Originations and advances on notes receivable (2,305) (4,968) (33,015)
Purchase of short-term investments (277,641) (16,000) 0
Redemption of short-terms investments 175,250 0 0
Development and renovation of real estate (18,686) (8,070) (17,505)
Deferred leasing costs (1,163) (877) (2,603)
Proceeds from sale of assets 44,591 105,547 40,982
Contribution to unconsolidated joint venture 0 (411) 0
Distributions from unconsolidated joint ventures 384,284 7,430 8,086
Net cash provided by investing activities 307,357 100,822 4,196
Cash Flow From Financing Activities:      
Proceeds from mortgages, other notes and bonds payable 0 20,015 30,727
Payments on mortgages, other notes and bonds payable (111,022) (118,900) (33,415)
Debt extinguishment costs (1,355) (4,086) 0
Deferred financing costs 0 (614) (1,297)
Net cash used in financing activities (112,377) (103,585) (3,985)
Net increase (decrease) in cash and cash equivalents 149,594 (14,286) 3,709
Cash and cash equivalents, beginning of year 72,734 87,020 83,311
Cash and cash equivalents, end of year $ 222,328 $ 72,734 $ 87,020