Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Cash Flows

v3.22.0.1
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 11 Months Ended
Dec. 31, 2021
Dec. 31, 2021
Cash flows from operating activities:    
Net income $ 196,716 $ 196,716
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 35,182 35,182
Provision for impairment of investment properties 1,951 1,951
Gain on sales of investment properties, net (109,696) (109,696)
Amortization of above/below market leases, net 405 405
Changes in assets and liabilities:    
Changes in accounts receivable (58,071)  
Changes in other assets (1,144)  
Changes in right-of-use lease assets 1,972  
Changes in accounts payable and accrued expenses 1,670  
Changes in lease liabilities 93  
Changes in other liabilities 9,351  
Net cash provided by operating activities 78,429  
Cash flows from investing activities:    
Proceeds from sales of investment properties 793,647  
Net cash provided by investing activities 793,647  
Cash flows from financing activities:    
Acquisition-related costs incurred subsequent to Inception (8,651)  
Distributions paid to Certificateholders (261,466)  
Net cash used in financing activities (270,117)  
Net increase (decrease) in cash and cash equivalents 601,959  
Cash and cash equivalents, at beginning of period 25,563  
Cash and cash equivalents, at end of period $ 627,522 $ 627,522