acre transferred its interest in a $ 24.4 million senior mortgage loan on an office property located in north carolina to a third party and retained a $ 6.1 million mezzanine loan on the same property . acre determined that the transfer did not qualify as a sale and therefore treated it as a financing transaction . as such , acre did not derecognize the $ 24.4 million senior mortgage loan asset and recorded a secured borrowing liability in its consolidated balance sheets . the initial maturity date of the $ 24.4 million secured borrowing is may 5 , 2023 , subject to one 12-month extension , which may be exercised at the transferee 's option , which , if exercised , would extend the maturity date to may 5 , 2024. advances under the $ 24.4 million secured borrowing accrue interest at a per annum rate equal to the sum of one-month libor plus a spread of 2.50 % . developments during the second quarter of 2020 : acre originated a $ 91.8 million senior mortgage loan on a multifamily property located in florida . subsequent to the origination date , we bifurcated the senior mortgage loan between a $ 66.9 million senior participation and a $ 24.9 million subordinated participation . in june 2020 , we transferred our interest in the $ 24.9 million subordinated participation to a third party and retained the $ 66.9 million senior participation . we determined that the transfer did not qualify as a sale and thus , is treated as a financing transaction . as such , we did not derecognize the $ 24.9 million subordinated participation and recorded a secured borrowing liability in our consolidated balance sheets . 56 acre purchased a $ 46.7 million senior mortgage loan on a multifamily property located in florida from the ares warehouse vehicle . subsequent to the origination date , we bifurcated the senior mortgage loan between a $ 34.1 million senior participation and a $ 12.6 million subordinated participation . in june 2020 , we transferred our interest in the $ 12.6 million subordinated participation to a third party and retained the $ 34.1 million senior participation . we determined that the transfer did not qualify as a sale and thus , is treated as a financing transaction . as such , we did not derecognize the $ 12.6 million subordinated participation and recorded a secured borrowing liability in our consolidated balance sheets . acre entered into a sale agreement with a third party to sell a senior mortgage loan with outstanding principal of $ 31.5 million , which is collateralized by a hotel property located in minnesota . as of june 30 , 2020 , the sale had not yet closed and the loan was reclassified from held for investment to held for sale and is carried at fair value . acre recognized an unrealized loss of $ 2.2 million upon reclassifying the loan to held for sale as the carrying value exceeded fair value as determined by the agreed upon sale price of the loan . developments during the third quarter of 2020 : acre closed the sale of a senior mortgage loan with outstanding principal of $ 31.5 million , which was collateralized by a hotel property located in minnesota , to a third party . in addition , acre closed the sale of two senior mortgage loans to a third party with outstanding principal of $ 39.9 million and $ 29.6 million , respectively , which were collateralized by multifamily properties located in illinois and texas , respectively . acre recognized an aggregate net realized loss of $ 4.0 million upon the closing of the sale of the three loans as the carrying value exceeded the sale prices of the loans . the u.s. bank facility ( as defined below ) matured and its term was not extended . the u.s. bank facility had been repaid in full prior to the maturity date . acre amended the metlife facility ( as defined below ) to , among other things , ( 1 ) extend the initial maturity date of the metlife facility to august 13 , 2022 , subject to two 12-month extensions , each of which may be exercised at acre 's option , subject to the satisfaction of certain conditions , including payment of an extension fee , which , if both were exercised , would extend the maturity date of the metlife facility to august 13 , 2024 , ( 2 ) increase the interest rate on new advances subsequent to the date of the amendment to a per annum rate equal to the sum of one-month libor plus a spread of 2.50 % . the interest rate on advances with respect to existing loans financed under the metlife facility prior to the amendment will continue to accrue interest at a per annum rate equal to the sum of one-month libor plus a spread of 2.30 % , subject to certain exceptions and ( 3 ) waive the non-utilization fee of 25 basis points per annum on the average daily available balance of the metlife facility , which is owed if less than 65 % of the metlife facility is utilized , for a period of nine months subsequent to the date of the amendment . developments during the fourth quarter of 2020 : acre purchased an $ 8.5 million senior mortgage loan on an office property located in illinois from the ares warehouse vehicle . story_separator_special_tag 60 the notes are collateralized by interests in a pool of 23 mortgage assets having a total principal balance of approximately $ 667.3 million ( the “ mortgage assets ” ) that were originated by a subsidiary of ours . during the period ending in april 2024 ( the “ companion participation acquisition period ” ) , the issuer may use certain principal proceeds from the mortgage assets to acquire additional funded pari-passu participations related to the mortgage assets that meet certain acquisition criteria . the sale of the mortgage assets to the issuer is governed by a mortgage asset purchase agreement between the seller and the issuer , and acknowledged by us solely for purposes of confirming our status as a reit , in which the seller made certain customary representations , warranties and covenants . in connection with the fl4 clo securitization , the issuer and co-issuer offered and issued the following classes of notes to third party investors : class a , class a-s , class b , class c , class d and class e notes ( collectively , the “ offered notes ” ) . a wholly owned subsidiary of ours retained approximately $ 62.5 million of the notes and all of the $ 64.3 million of preferred equity in the issuer , which totaled $ 126.8 million . we , as the holder of the subordinated notes and all of the preferred equity in the issuer , have the obligation to absorb losses of the fl4 clo securitization , since we have a first loss position in the capital structure of the fl4 clo securitization . on january 28 , 2021 , we purchased a $ 105.5 million senior mortgage loan on an office property located in illinois from the ares warehouse vehicle . at the purchase date , the outstanding principal balance was approximately $ 103.6 million . the loan has a per annum interest rate of libor plus 2.15 % ( plus accretion of the purchase discount ) and an initial term of three years . on january 28 , 2021 , we purchased a $ 5.6 million senior mortgage loan on a self storage property located in illinois from the ares warehouse vehicle . at the purchase date , the outstanding principal balance was approximately $ 5.4 million . the loan has a per annum interest rate of libor plus 3.00 % ( plus accretion of the purchase discount ) and an initial term of three years . on january 28 , 2021 , we purchased a fully funded $ 6.4 million senior mortgage loan on a self storage property located in florida from the ares warehouse vehicle . the loan has a per annum interest rate of libor plus 2.90 % ( plus accretion of the purchase discount ) and an initial term of three years . on january 28 , 2021 , we purchased a fully funded $ 4.4 million senior mortgage loan on a self storage property located in florida from the ares warehouse vehicle . the loan has a per annum interest rate of libor plus 2.90 % ( plus accretion of the purchase discount ) and an initial term of three years . on january 28 , 2021 , we purchased a fully funded $ 7.0 million senior mortgage loan on a self storage property located in florida from the ares warehouse vehicle . the loan has a per annum interest rate of libor plus 2.90 % ( plus accretion of the purchase discount ) and an initial term of three years . on january 28 , 2021 , we purchased a fully funded $ 10.8 million senior mortgage loan on a self storage property located in florida from the ares warehouse vehicle . the loan has a per annum interest rate of libor plus 2.90 % ( plus accretion of the purchase discount ) and an initial term of three years . on january 28 , 2021 , we purchased a $ 6.5 million senior mortgage loan on a self storage property located in missouri from the ares warehouse vehicle . at the purchase date , the outstanding principal balance was approximately $ 5.9 million . the loan has a per annum interest rate of libor plus 3.00 % ( plus accretion of the purchase discount ) and an initial term of three years . on february 16 , 2021 , we entered into an interest rate swap ( the “ swap ” ) with morgan stanley capital services , llc ( “ morgan stanley capital ” ) for the initial notional amount of $ 870.0 million , which amortizes according to an agreed upon notional schedule . the swap requires us to pay a fixed interest rate of 0.2075 % and for morgan stanley capital to pay a floating rate equal to one-month libor , subject to a 0.00 % floor . the swap has a termination date of december 15 , 2023. on february 16 , 2021 , we entered into an interest rate cap ( the “ cap ” ) with morgan stanley capital for the initial notional amount of $ 275.0 million , which amortizes according to an agreed upon notional schedule . the cap is tied to one-month libor with a strike rate of 0.50 % . the cap has a termination date of december 15 , 2023 . 61 on february 17 , 2021 , we declared a cash dividend of $ 0.33 per common share for the first quarter of 2021 and a supplemental cash dividend of $ 0.02 per common share . the first quarter 2021 and supplemental cash dividend will be payable on april 15 , 2021 to common stockholders of record as of march 31 , 2021. results of operations for the years ended december 31 , 2020 and 2019 the following table sets forth a summary of our consolidated results of operations for the years ended december 31 , 2020 and 2019 ( $

cash flows for the years ended december 31 , 2020 and 2019 the following table sets forth changes in cash , cash equivalents and restricted cash for the years ended december 31 , 2020 and 2019 ( $ in thousands ) : replace_table_token_5_th during the years ended december 31 , 2020 and 2019 , cash , cash equivalents and restricted cash increased ( decreased ) by $ 69.1 million and $ ( 5.8 ) million , respectively . operating activities for the years ended december 31 , 2020 and 2019 , net cash provided by operating activities totaled $ 31.8 million and $ 32.5 million , respectively . for the year ended december 31 , 2020 , adjustments to net income related to operating activities primarily included the provision for current expected credit losses of $ 20.2 million , accretion of deferred loan origination fees and costs of $ 7.4 million , amortization of deferred financing costs of $ 6.4 million and change in other assets of $ 15.3 million . for the year ended december 31 , 2019 , adjustments to net income related to operating activities primarily included accretion of deferred loan origination fees and costs of $ 7.0 million , amortization of deferred financing costs of $ 6.6 million and change in other assets of $ 6.4 million . investing activities for the years ended december 31 , 2020 and 2019 , net cash used in investing activities totaled $ 81.9 million and $ 174.4 million , respectively .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash flows for the years ended december 31 , 2020 and 2019 the following table sets forth changes in cash , cash equivalents and restricted cash for the years ended december 31 , 2020 and 2019 ( $ in thousands ) : replace_table_token_5_th during the years ended december 31 , 2020 and 2019 , cash , cash equivalents and restricted cash increased ( decreased ) by $ 69.1 million and $ ( 5.8 ) million , respectively . operating activities for the years ended december 31 , 2020 and 2019 , net cash provided by operating activities totaled $ 31.8 million and $ 32.5 million , respectively . for the year ended december 31 , 2020 , adjustments to net income related to operating activities primarily included the provision for current expected credit losses of $ 20.2 million , accretion of deferred loan origination fees and costs of $ 7.4 million , amortization of deferred financing costs of $ 6.4 million and change in other assets of $ 15.3 million . for the year ended december 31 , 2019 , adjustments to net income related to operating activities primarily included accretion of deferred loan origination fees and costs of $ 7.0 million , amortization of deferred financing costs of $ 6.6 million and change in other assets of $ 6.4 million . investing activities for the years ended december 31 , 2020 and 2019 , net cash used in investing activities totaled $ 81.9 million and $ 174.4 million , respectively .
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 Suspicious Activity Report : acre transferred its interest in a $ 24.4 million senior mortgage loan on an office property located in north carolina to a third party and retained a $ 6.1 million mezzanine loan on the same property . acre determined that the transfer did not qualify as a sale and therefore treated it as a financing transaction . as such , acre did not derecognize the $ 24.4 million senior mortgage loan asset and recorded a secured borrowing liability in its consolidated balance sheets . the initial maturity date of the $ 24.4 million secured borrowing is may 5 , 2023 , subject to one 12-month extension , which may be exercised at the transferee 's option , which , if exercised , would extend the maturity date to may 5 , 2024. advances under the $ 24.4 million secured borrowing accrue interest at a per annum rate equal to the sum of one-month libor plus a spread of 2.50 % . developments during the second quarter of 2020 : acre originated a $ 91.8 million senior mortgage loan on a multifamily property located in florida . subsequent to the origination date , we bifurcated the senior mortgage loan between a $ 66.9 million senior participation and a $ 24.9 million subordinated participation . in june 2020 , we transferred our interest in the $ 24.9 million subordinated participation to a third party and retained the $ 66.9 million senior participation . we determined that the transfer did not qualify as a sale and thus , is treated as a financing transaction . as such , we did not derecognize the $ 24.9 million subordinated participation and recorded a secured borrowing liability in our consolidated balance sheets . 56 acre purchased a $ 46.7 million senior mortgage loan on a multifamily property located in florida from the ares warehouse vehicle . subsequent to the origination date , we bifurcated the senior mortgage loan between a $ 34.1 million senior participation and a $ 12.6 million subordinated participation . in june 2020 , we transferred our interest in the $ 12.6 million subordinated participation to a third party and retained the $ 34.1 million senior participation . we determined that the transfer did not qualify as a sale and thus , is treated as a financing transaction . as such , we did not derecognize the $ 12.6 million subordinated participation and recorded a secured borrowing liability in our consolidated balance sheets . acre entered into a sale agreement with a third party to sell a senior mortgage loan with outstanding principal of $ 31.5 million , which is collateralized by a hotel property located in minnesota . as of june 30 , 2020 , the sale had not yet closed and the loan was reclassified from held for investment to held for sale and is carried at fair value . acre recognized an unrealized loss of $ 2.2 million upon reclassifying the loan to held for sale as the carrying value exceeded fair value as determined by the agreed upon sale price of the loan . developments during the third quarter of 2020 : acre closed the sale of a senior mortgage loan with outstanding principal of $ 31.5 million , which was collateralized by a hotel property located in minnesota , to a third party . in addition , acre closed the sale of two senior mortgage loans to a third party with outstanding principal of $ 39.9 million and $ 29.6 million , respectively , which were collateralized by multifamily properties located in illinois and texas , respectively . acre recognized an aggregate net realized loss of $ 4.0 million upon the closing of the sale of the three loans as the carrying value exceeded the sale prices of the loans . the u.s. bank facility ( as defined below ) matured and its term was not extended . the u.s. bank facility had been repaid in full prior to the maturity date . acre amended the metlife facility ( as defined below ) to , among other things , ( 1 ) extend the initial maturity date of the metlife facility to august 13 , 2022 , subject to two 12-month extensions , each of which may be exercised at acre 's option , subject to the satisfaction of certain conditions , including payment of an extension fee , which , if both were exercised , would extend the maturity date of the metlife facility to august 13 , 2024 , ( 2 ) increase the interest rate on new advances subsequent to the date of the amendment to a per annum rate equal to the sum of one-month libor plus a spread of 2.50 % . the interest rate on advances with respect to existing loans financed under the metlife facility prior to the amendment will continue to accrue interest at a per annum rate equal to the sum of one-month libor plus a spread of 2.30 % , subject to certain exceptions and ( 3 ) waive the non-utilization fee of 25 basis points per annum on the average daily available balance of the metlife facility , which is owed if less than 65 % of the metlife facility is utilized , for a period of nine months subsequent to the date of the amendment . developments during the fourth quarter of 2020 : acre purchased an $ 8.5 million senior mortgage loan on an office property located in illinois from the ares warehouse vehicle . story_separator_special_tag 60 the notes are collateralized by interests in a pool of 23 mortgage assets having a total principal balance of approximately $ 667.3 million ( the “ mortgage assets ” ) that were originated by a subsidiary of ours . during the period ending in april 2024 ( the “ companion participation acquisition period ” ) , the issuer may use certain principal proceeds from the mortgage assets to acquire additional funded pari-passu participations related to the mortgage assets that meet certain acquisition criteria . the sale of the mortgage assets to the issuer is governed by a mortgage asset purchase agreement between the seller and the issuer , and acknowledged by us solely for purposes of confirming our status as a reit , in which the seller made certain customary representations , warranties and covenants . in connection with the fl4 clo securitization , the issuer and co-issuer offered and issued the following classes of notes to third party investors : class a , class a-s , class b , class c , class d and class e notes ( collectively , the “ offered notes ” ) . a wholly owned subsidiary of ours retained approximately $ 62.5 million of the notes and all of the $ 64.3 million of preferred equity in the issuer , which totaled $ 126.8 million . we , as the holder of the subordinated notes and all of the preferred equity in the issuer , have the obligation to absorb losses of the fl4 clo securitization , since we have a first loss position in the capital structure of the fl4 clo securitization . on january 28 , 2021 , we purchased a $ 105.5 million senior mortgage loan on an office property located in illinois from the ares warehouse vehicle . at the purchase date , the outstanding principal balance was approximately $ 103.6 million . the loan has a per annum interest rate of libor plus 2.15 % ( plus accretion of the purchase discount ) and an initial term of three years . on january 28 , 2021 , we purchased a $ 5.6 million senior mortgage loan on a self storage property located in illinois from the ares warehouse vehicle . at the purchase date , the outstanding principal balance was approximately $ 5.4 million . the loan has a per annum interest rate of libor plus 3.00 % ( plus accretion of the purchase discount ) and an initial term of three years . on january 28 , 2021 , we purchased a fully funded $ 6.4 million senior mortgage loan on a self storage property located in florida from the ares warehouse vehicle . the loan has a per annum interest rate of libor plus 2.90 % ( plus accretion of the purchase discount ) and an initial term of three years . on january 28 , 2021 , we purchased a fully funded $ 4.4 million senior mortgage loan on a self storage property located in florida from the ares warehouse vehicle . the loan has a per annum interest rate of libor plus 2.90 % ( plus accretion of the purchase discount ) and an initial term of three years . on january 28 , 2021 , we purchased a fully funded $ 7.0 million senior mortgage loan on a self storage property located in florida from the ares warehouse vehicle . the loan has a per annum interest rate of libor plus 2.90 % ( plus accretion of the purchase discount ) and an initial term of three years . on january 28 , 2021 , we purchased a fully funded $ 10.8 million senior mortgage loan on a self storage property located in florida from the ares warehouse vehicle . the loan has a per annum interest rate of libor plus 2.90 % ( plus accretion of the purchase discount ) and an initial term of three years . on january 28 , 2021 , we purchased a $ 6.5 million senior mortgage loan on a self storage property located in missouri from the ares warehouse vehicle . at the purchase date , the outstanding principal balance was approximately $ 5.9 million . the loan has a per annum interest rate of libor plus 3.00 % ( plus accretion of the purchase discount ) and an initial term of three years . on february 16 , 2021 , we entered into an interest rate swap ( the “ swap ” ) with morgan stanley capital services , llc ( “ morgan stanley capital ” ) for the initial notional amount of $ 870.0 million , which amortizes according to an agreed upon notional schedule . the swap requires us to pay a fixed interest rate of 0.2075 % and for morgan stanley capital to pay a floating rate equal to one-month libor , subject to a 0.00 % floor . the swap has a termination date of december 15 , 2023. on february 16 , 2021 , we entered into an interest rate cap ( the “ cap ” ) with morgan stanley capital for the initial notional amount of $ 275.0 million , which amortizes according to an agreed upon notional schedule . the cap is tied to one-month libor with a strike rate of 0.50 % . the cap has a termination date of december 15 , 2023 . 61 on february 17 , 2021 , we declared a cash dividend of $ 0.33 per common share for the first quarter of 2021 and a supplemental cash dividend of $ 0.02 per common share . the first quarter 2021 and supplemental cash dividend will be payable on april 15 , 2021 to common stockholders of record as of march 31 , 2021. results of operations for the years ended december 31 , 2020 and 2019 the following table sets forth a summary of our consolidated results of operations for the years ended december 31 , 2020 and 2019 ( $

