Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

v3.21.2
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 8 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2021
Sep. 30, 2021
Sep. 30, 2021
Cash flows from operating activities:        
Net income $ 66,631 $ 106,830 $ 106,830  
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 9,956 26,866 26,866  
Provision for impairment of investment properties 0 750 750  
Gain on sales of investment properties, net (42,007) (42,007) (42,007) $ (42,007)
Amortization of above/below market leases, net 83 85 85  
Changes in assets and liabilities:        
Changes in accounts receivable     (42,915)  
Changes in other assets     (2,472)  
Changes in right-of-use lease assets     1,449  
Changes in accounts payable and accrued expenses     1,610  
Changes in lease liabilities     73  
Changes in other liabilities     7,869  
Net cash provided by operating activities     58,138  
Cash flows from investing activities:        
Proceeds from sales of investment properties     149,898 149,898
Net cash provided by investing activities     149,898  
Cash flows from financing activities:        
Acquisition-related costs incurred subsequent to Inception     (8,651)  
Distributions paid to Certificateholders     (73,677)  
Net cash used in financing activities     (82,328)  
Net increase (decrease) in cash and cash equivalents     125,708  
Cash and cash equivalents, at beginning of period     25,563  
Cash and cash equivalents, at end of period $ 151,271 $ 151,271 $ 151,271 $ 151,271