CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net income	$ 10,895,000	$ 129,289,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization, net	24,003,000	18,674,000
Amortization of deferred financing costs	696,000	756,000
Straight-line rental income	(4,815,000)	(1,654,000)
Equity-based compensation	98,000	98,000
Gain on disposition of real estate, net	0	(119,978,000)
Loss on extinguishment of debt	9,000	570,000
Changes in assets and liabilities:
Rents and tenant receivables	379,000	4,334,000
Prepaid expenses and other assets	(402,000)	(120,000)
Accrued expenses and accounts payable	1,843,000	(4,308,000)
Deferred rental income and other liabilities	562,000	(3,957,000)
Due to affiliates	133,000	(356,000)
Net cash provided by operating activities	33,401,000	23,348,000
Cash flows from investing activities:
Investment in real estate assets and capital expenditures	(63,743,000)	(35,017,000)
Net proceeds from disposition of real estate assets	0	556,970,000
Payment of property escrow deposits	(700,000)	(2,500,000)
Refund of property escrow deposits	1,700,000	500,000
Proceeds from the settlement of insurance claims	0	260,000
Net cash (used in) provided by investing activities	(62,743,000)	520,213,000
Cash flows from financing activities:
Redemptions of common stock	(12,255,000)	(15,195,000)
Distribution and stockholder servicing fees paid	(137,000)	(152,000)
Distributions to stockholders	(86,503,000)	(16,876,000)
Proceeds from credit facility	359,500,000	9,000,000
Repayments of credit facility and notes payable	(318,565,000)	(185,722,000)
Deferred financing costs paid	(83,000)	(90,000)
Net cash used in financing activities	(58,043,000)	(209,035,000)
Net (decrease) increase in cash and cash equivalents and restricted cash	(87,385,000)	334,526,000
Cash and cash equivalents and restricted cash, beginning of period	103,457,000	5,862,000
Cash and cash equivalents and restricted cash, end of period	16,072,000	340,388,000
Reconciliation of cash and cash equivalents and restricted cash to the condensed consolidated balance sheets:
Total cash and cash equivalents and restricted cash	16,072,000	340,388,000
Supplemental Disclosures of Non-Cash Investing and Financing Activities:
Distributions declared and unpaid	2,764,000	3,470,000
Change in fair value on interest rate swaps	(11,798,000)	(2,388,000)
Common stock issued through distribution reinvestment plan	10,142,000	14,835,000
Accrued capital expenditures	633,000	3,000
Fair value of mortgage note assumed by buyer in real estate disposition	0	(56,980,000)
Supplemental Cash Flow Disclosures:
Interest paid	10,461,000	13,887,000
Cash paid for taxes	$ 688,000	$ 223,000

Cole Office & Industrial REIT (CCIT II), Inc. 10-Q