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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flow From Operating Activities:    
Net income $ 4,219 $ 14,567
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Gain on sale or write down of assets 0 (11,148)
Gain on foreign currency transactions (971) (3,772)
Loss on early extinguishment of debt 0 1,639
Depreciation and amortization 3,755 3,210
Recovery of bad debts 0 139
Equity in income from unconsolidated joint ventures (2,419) (5,194)
Changes in assets and liabilities, net of dispositions:    
Other assets (5,030) 5,429
Related party receivables 818 (411)
Accrued interest (1,483) (3,311)
Accounts payable and other liabilities 2,650 (5,334)
Net cash provided by (used in) operating activities 1,539 (4,186)
Cash Flow From Investing Activities:    
Collection of notes receivable 248 632
Originations and advances on notes receivable 0 (537)
Purchase of short-term investment (63,956) (16,584)
Redemption of short-term investment 27,192 0
Development and renovation of real estate (5,653) (6,388)
Deferred leasing costs (19) 0
Proceeds from sale of assets 0 28,523
Distribution from unconsolidated joint venture 17,976 0
Net cash (used in) provided by investing activities (24,212) 5,646
Cash Flow From Financing Activities:    
Payments on mortgages, other notes and bonds payable (89,111) (38,179)
Debt extinguishment costs 0 (590)
Deferred financing costs (16) 0
Net cash used in financing activities (89,127) (38,769)
Net decrease in cash, cash equivalents and restricted cash (111,800) (37,309)
Cash, cash equivalents and restricted cash, beginning of period 222,328 72,734
Cash, cash equivalents and restricted cash, end of period $ 110,528 $ 35,425