Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended 8 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2021
Sep. 30, 2021
Sep. 30, 2022
Cash flows from operating activities:          
Net income $ 20,669,000 $ 66,631,000 $ 106,830,000 $ 106,830,000 $ 57,690,000
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization 5,149,000 9,956,000 26,866,000 26,866,000 15,820,000
Provision for impairment of investment properties 0 0 750,000   0
Gain on sales of investment properties, net (4,402,000) (42,007,000) (42,007,000) (42,007,000) (8,053,000)
Amortization of above/below market leases, net 476,000 83,000 85,000   1,140,000
Changes in assets and liabilities:          
Changes in accounts receivable     (42,915,000)   2,087,000
Changes in other assets     (2,472,000)   (2,821,000)
Changes in right-of-use lease assets     1,449,000   1,563,000
Changes in accounts payable and accrued expenses     1,610,000   451,000
Changes in lease liabilities     73,000   90,000
Changes in other liabilities     7,869,000   (513,000)
Net cash provided by operating activities     58,138,000   67,454,000
Cash flows from investing activities:          
Proceeds from sales of investment properties     149,898,000   105,703,000
Net cash provided by investing activities     149,898,000   105,703,000
Cash flows from financing activities:          
Acquisition-related costs incurred subsequent to Inception     (8,651,000)   0
Distributions paid to Certificateholders     (73,677,000)   (717,337,000)
Net cash used in financing activities     (82,328,000)   (717,337,000)
Net increase (decrease) in cash and cash equivalents     125,708,000   (544,180,000)
Cash and cash equivalents, at beginning of period       25,563,000 627,522,000
Cash and cash equivalents, at end of period $ 83,342,000 $ 151,271,000 $ 151,271,000 $ 151,271,000 $ 83,342,000