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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flow From Operating Activities:    
Net income $ 4,522 $ 34,597
Adjustments to reconcile net income to net cash used in operating activities:    
Gain on sale or write down of assets (188) (15,041)
Gain on foreign currency transactions (993) (17,904)
Loss on early extinguishment of debt 1,710 1,639
Depreciation and amortization 7,180 6,363
Recovery of bad debts 945 (3,403)
Equity in income from unconsolidated joint ventures (2,712) (7,242)
Distribution of income from unconsolidated joint ventures 0 1,100
Changes in assets and liabilities, net of dispositions:    
Other assets (8,354) 2,553
Related party receivables (3,002) (3,948)
Accrued interest (2,060) (2,459)
Accounts payable and other liabilities (5,503) (5,248)
Net cash used in operating activities (8,455) (8,993)
Cash Flow From Investing Activities:    
Collection of notes receivable 397 1,295
Originations and advances on notes receivable (6,649) (989)
Purchase of short-term investment (82,324) (31,500)
Redemption of short-term investment 65,139 39,750
Development and renovation of real estate (6,244) (8,215)
Deferred leasing costs (197) (922)
Proceeds from sale of assets 188 32,875
Distribution from unconsolidated joint venture 20,916 1,500
Net cash (used in) provided by investing activities (8,774) 33,794
Cash Flow From Financing Activities:    
Payments on mortgages, other notes and bonds payable (134,840) (39,249)
Debt extinguishment costs (435) (590)
Deferred financing costs (16) 0
Net cash used in financing activities (135,291) (39,839)
Net decrease in cash, cash equivalents and restricted cash (152,520) (15,038)
Cash, cash equivalents and restricted cash, beginning of period 222,328 72,734
Cash, cash equivalents and restricted cash, end of period $ 69,808 $ 57,696