although we may not deploy capital exclusively in qualified communities , it is expected that most of our assets will be identified through this systematic process . cim group seeks to maximize the value of its holdings through active onsite property management and leasing . cim group has extensive in-house research , acquisition , credit analysis , development , finance , leasing and onsite property management capabilities , which leverage its deep understanding of metropolitan communities to position properties for multiple uses and to maximize operating income . as a vertically-integrated owner and operator , cim group has in-house onsite property management and leasing capabilities . property managers prepare annual capital and operating budgets and monthly operating reports , monitor results , and oversee vendor services , maintenance and capital improvement schedules . in addition , they ensure that revenue objectives are met , lease terms are followed , receivables are collected , preventative maintenance programs are implemented , vendors are evaluated and expenses are controlled . in addition , cim group 's real assets management committee reviews and approves strategic plans for each asset , including financial , leasing , marketing , property positioning and disposition plans . the real assets management committee reviews and approves the annual business plan for each property , including its capital and operating budget . cim group 's organizational structure provides for continuity through multi-disciplinary teams responsible for an asset from the time of the original investment recommendation , through the implementation of the asset 's business plan , and any disposition activities . cim group 's investments and development teams are separate groups that work very closely together on transactions requiring development expertise . while the investments team is responsible for acquisition analysis , both the investments and development teams perform due diligence , evaluate and determine underwriting assumptions and participate in the development management and ongoing asset management of cim group 's opportunistic assets . the development team is also responsible for the oversight and or execution of securing entitlements and the development/repositioning process . in instances where cim group is not the lead developer , cim group 's in-house development team continues to provide development and construction oversight to co-sponsors through a shadow team that oversees the progress of the development from beginning to end to ensure adherence to the budgets , schedules , quality and scope of the project in order to maintain cim group 's vision for the final product . the investments and development teams interact as a cohesive team when sourcing , underwriting , acquiring , executing and managing the business plan of an opportunistic acquisition . we seek to utilize the cim group platform to acquire , improve and or develop real estate assets within cim group 's qualified communities . we believe that these assets will provide greater returns than similar assets in other markets , as a result of the population growth , public commitment , and significant private investment that characterize these areas . over time , we seek to expand our real estate assets in communities targeted by cim group , supported by cim group 's broad real estate capabilities , as part of our plan to prudently grow nav and cash flow per share of common stock . as a matter of prudent management , we also regularly evaluate each asset within our portfolio as well as our strategies . such review may result in dispositions when an asset no longer fits our overall objectives or strategies , or when our view of the market value of such asset is equal to or exceeds its intrinsic value . while we are principally focused on class a and creative office assets in vibrant and improving metropolitan communities throughout the united states ( including improving and developing such assets ) , we may also participate more 71 actively in other cim group real estate strategies and product types in order to broaden our participation in cim group 's platform and capabilities for the benefit of all classes of stockholders . this may include , without limitation , engaging in real estate development activities as well as investing in other product types directly , side-by-side with one or more funds of cim group , through direct deployment of capital in a cim group real estate or debt fund , or deploying capital in or originating loans that are secured directly or indirectly by properties primarily located in qualified communities that meet our strategy . such loans may include limited and or non-recourse junior ( mezzanine , b-note or 2nd lien ) and senior acquisition , bridge or repositioning loans . completion of the program to unlock embedded value in our portfolio and improve trading liquidity of our common stock the company completed the previously announced program to unlock embedded value in our portfolio and improve trading liquidity of our common stock : sale of assets . during 2019 , the company sold eight properties in accordance with the approval of its then‑principal stockholder , and an additional two properties ( one office property and one development site in washington , d.c. ) after evaluating each asset within its portfolio and the intrinsic value of each property . the asset sale generated an aggregate gross sales price to the company of $ 990,996,000 . repayment of certain indebtedness . we used a portion of the net proceeds from the asset sale to repay balances on certain of the company 's indebtedness . return of capital to holders of common stock . on august 30 , 2019 , we paid a special dividend of $ 42.00 per share of common stock ( $ 14.00 per share of common stock prior to the reverse stock split ) , or $ 613,294,000 in the aggregate , to stockholders of record of our common stock at the close of business on august 19 , 2019 . cim reit liquidation . story_separator_special_tag asset management and other fees to related parties : asset management fees and other fees to related parties , which have not been allocated to our operating segments , were $ 15,921,000 for the year ended december 31 , 2019 , a decrease of $ 6,085,000 , compared to $ 22,006,000 for the year ended december 31 , 2018 . asset management fees totaled $ 12,019,000 for the year ended december 31 , 2019 compared to $ 17,880,000 for the year ended december 31 , 2018 . asset management fees are calculated based on a percentage of the daily average adjusted fair value of cim urban 's assets , which are appraised in the fourth quarter of each year . the lower fees reflect a decrease in the adjusted fair value of cim urban 's assets due to assets sold in the asset sale , including the sale of three office properties and a parking garage in oakland , california , the sale of an office property in washington , d.c. , and the sale of an office property in san francisco , california , all of which were consummated in march 2019 , the sale of an office property in oakland , california , which was consummated in may 2019 , and the sale of two office properties and one development site in washington , d.c. , which was consummated in july 2019 , partially offset by net increases in the fair value of cim urban 's real estate assets based on the december 31 , 2018 appraised values as well as incremental capital expenditures during 2019. cim commercial also pays a base service fee to the administrator , a related party , which totaled $ 1,102,000 for the year ended december 31 , 2019 compared to $ 1,079,000 for the year ended december 31 , 2018 . in addition , the administrator received compensation and or reimbursement for performing certain services for cim commercial and its subsidiaries that are not covered by the base service fee . for the years ended december 31 , 2019 and 2018 , we expensed $ 2,577,000 and $ 2,783,000 for such services , respectively . for the years ended december 31 , 2019 and 2018 , we also expensed $ 223,000 and $ 264,000 , respectively , related to corporate services subject to reimbursement by us under the cim sba staffing and reimbursement agreement . the properties sold as part of the asset sale will cause asset management fees to decline materially during the year ending december 31 , 2020 as compared to the year ended december 31 , 2019 , and , as discussed in `` item 1––business `` of this annual report on form 10-k , for the first and second quarters of 2020 , we will , subject to applicable laws and regulations under nasdaq and the tase and the agreement of the operator and or the administrator , as applicable , seek to pay some or all of the asset management fees , the base service fee and or reimbursements under the master services agreement in respect of such quarter in shares of common stock . the company may seek to do so for the third and fourth quarters of 2020 as well ( subject to the agreement of the operator and or the administrator , as the case may be , and the approval of a special committee consisting of the independent members of the board of directors ) . interest expense : interest expense , which has not been allocated to our operating segments , was $ 10,361,000 for the year ended december 31 , 2019 , a decrease of $ 15,121,000 , compared to $ 25,482,000 for the year ended december 31 , 2018 . the decrease is primarily due to the legal defeasance of mortgage loans with an aggregate outstanding principal balance of 77 $ 205,500,000 in connection with the sale of three office properties and a parking garage in oakland , california , the prepayment of a $ 46,000,000 mortgage loan in connection with the sale of an office property in washington , d.c. , and the assumption of a $ 28,200,000 mortgage loan by the buyer of an office property in san francisco , california , all of which were consummated in march 2019 , the legal defeasance of a mortgage loan with an outstanding principal balance of $ 39,500,000 in connection with the sale of an office property in oakland , california , which was consummated in may 2019 , a decrease in interest expense , including the impact of interest rate swaps , as a result of the lower average outstanding principal balance on our revolving credit facility during 2019 compared to the average outstanding principal balance on our unsecured credit and term loan facilities during 2018 , and due to higher income during 2019 received in connection with the termination of interest rate swaps as compared to 2018. the aforementioned reductions in our debt are expected to cause interest expense to decline materially during the year ending december 31 , 2020 as compared to the year ended december 31 , 2019. however , the magnitude of any such decrease can not be predicted as it will depend on a number of factors such as the amount and timing of future borrowings on our revolving credit facility , and the terms and amount of any new borrowings we may enter into . general and administrative expenses : general and administrative expenses , which have not been allocated to our operating segments , were $ 4,069,000 for the year ended december 31 , 2019 , a decrease of $ 859,000 , compared to $ 4,928,000 for the year ended december 31 , 2018 . the decrease is primarily due to certain expenses related to our multifamily properties sold during the year ended december 31 , 2017 , which were expensed in 2018. transaction costs : transaction costs were $ 574,000 for

cash flow analysis comparison of the year ended december 31 , 2019 to the year ended december 31 , 2018 our cash and cash equivalents and restricted cash , inclusive of cash and restricted cash included in assets held for sale , net , totaled $ 35,947,000 and $ 77,926,000 at december 31 , 2019 and 2018 , respectively . our cash flows from operating activities are primarily dependent upon the real estate assets owned , occupancy level of our real estate assets , the rental rates achieved through our leases , the adr of our hotel , the collectability of rent and recoveries from our tenants , and loan related activity . our cash flows from operating activities are also impacted by fluctuations in operating expenses and other general and administrative costs . net cash provided by operating activities totaled $ 40,985,000 for the year ended december 31 , 2019 compared to $ 61,456,000 for the year ended december 31 , 2018 . the decrease was primarily due to a $ 16,405,000 decrease in net income adjusted for the gain on sale of real estate , depreciation and amortization expense , impairment of real estate , and loss on early extinguishment of debt , a decrease of $ 14,109,000 in proceeds from the sale of guaranteed loans , a decrease of $ 13,842,000 resulting from a higher level of working capital used compared to the prior period , and a decrease of $ 2,085,000 in principal collected on loans subject to secured borrowings , partially offset by a decrease of $ 25,961,000 in loans funded . 86 our cash flows from investing activities are primarily related to property acquisitions and sales , expenditures for development or repositioning of properties , capital expenditures and cash flows associated with loans originated at our lending segment . net cash provided by investing activities for the year ended december 31 , 2019 was $ 917,193,000 compared to net cash used in investing activities of $ 131,734,000 in the corresponding period in 2018 .


 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 flow analysis comparison of the year ended december 31 , 2019 to the year ended december 31 , 2018 our cash and cash equivalents and restricted cash , inclusive of cash and restricted cash included in assets held for sale , net , totaled $ 35,947,000 and $ 77,926,000 at december 31 , 2019 and 2018 , respectively . our cash flows from operating activities are primarily dependent upon the real estate assets owned , occupancy level of our real estate assets , the rental rates achieved through our leases , the adr of our hotel , the collectability of rent and recoveries from our tenants , and loan related activity . our cash flows from operating activities are also impacted by fluctuations in operating expenses and other general and administrative costs . net cash provided by operating activities totaled $ 40,985,000 for the year ended december 31 , 2019 compared to $ 61,456,000 for the year ended december 31 , 2018 . the decrease was primarily due to a $ 16,405,000 decrease in net income adjusted for the gain on sale of real estate , depreciation and amortization expense , impairment of real estate , and loss on early extinguishment of debt , a decrease of $ 14,109,000 in proceeds from the sale of guaranteed loans , a decrease of $ 13,842,000 resulting from a higher level of working capital used compared to the prior period , and a decrease of $ 2,085,000 in principal collected on loans subject to secured borrowings , partially offset by a decrease of $ 25,961,000 in loans funded . 86 our cash flows from investing activities are primarily related to property acquisitions and sales , expenditures for development or repositioning of properties , capital expenditures and cash flows associated with loans originated at our lending segment . net cash provided by investing activities for the year ended december 31 , 2019 was $ 917,193,000 compared to net cash used in investing activities of $ 131,734,000 in the corresponding period in 2018 .
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 Suspicious Activity Report : although we may not deploy capital exclusively in qualified communities , it is expected that most of our assets will be identified through this systematic process . cim group seeks to maximize the value of its holdings through active onsite property management and leasing . cim group has extensive in-house research , acquisition , credit analysis , development , finance , leasing and onsite property management capabilities , which leverage its deep understanding of metropolitan communities to position properties for multiple uses and to maximize operating income . as a vertically-integrated owner and operator , cim group has in-house onsite property management and leasing capabilities . property managers prepare annual capital and operating budgets and monthly operating reports , monitor results , and oversee vendor services , maintenance and capital improvement schedules . in addition , they ensure that revenue objectives are met , lease terms are followed , receivables are collected , preventative maintenance programs are implemented , vendors are evaluated and expenses are controlled . in addition , cim group 's real assets management committee reviews and approves strategic plans for each asset , including financial , leasing , marketing , property positioning and disposition plans . the real assets management committee reviews and approves the annual business plan for each property , including its capital and operating budget . cim group 's organizational structure provides for continuity through multi-disciplinary teams responsible for an asset from the time of the original investment recommendation , through the implementation of the asset 's business plan , and any disposition activities . cim group 's investments and development teams are separate groups that work very closely together on transactions requiring development expertise . while the investments team is responsible for acquisition analysis , both the investments and development teams perform due diligence , evaluate and determine underwriting assumptions and participate in the development management and ongoing asset management of cim group 's opportunistic assets . the development team is also responsible for the oversight and or execution of securing entitlements and the development/repositioning process . in instances where cim group is not the lead developer , cim group 's in-house development team continues to provide development and construction oversight to co-sponsors through a shadow team that oversees the progress of the development from beginning to end to ensure adherence to the budgets , schedules , quality and scope of the project in order to maintain cim group 's vision for the final product . the investments and development teams interact as a cohesive team when sourcing , underwriting , acquiring , executing and managing the business plan of an opportunistic acquisition . we seek to utilize the cim group platform to acquire , improve and or develop real estate assets within cim group 's qualified communities . we believe that these assets will provide greater returns than similar assets in other markets , as a result of the population growth , public commitment , and significant private investment that characterize these areas . over time , we seek to expand our real estate assets in communities targeted by cim group , supported by cim group 's broad real estate capabilities , as part of our plan to prudently grow nav and cash flow per share of common stock . as a matter of prudent management , we also regularly evaluate each asset within our portfolio as well as our strategies . such review may result in dispositions when an asset no longer fits our overall objectives or strategies , or when our view of the market value of such asset is equal to or exceeds its intrinsic value . while we are principally focused on class a and creative office assets in vibrant and improving metropolitan communities throughout the united states ( including improving and developing such assets ) , we may also participate more 71 actively in other cim group real estate strategies and product types in order to broaden our participation in cim group 's platform and capabilities for the benefit of all classes of stockholders . this may include , without limitation , engaging in real estate development activities as well as investing in other product types directly , side-by-side with one or more funds of cim group , through direct deployment of capital in a cim group real estate or debt fund , or deploying capital in or originating loans that are secured directly or indirectly by properties primarily located in qualified communities that meet our strategy . such loans may include limited and or non-recourse junior ( mezzanine , b-note or 2nd lien ) and senior acquisition , bridge or repositioning loans . completion of the program to unlock embedded value in our portfolio and improve trading liquidity of our common stock the company completed the previously announced program to unlock embedded value in our portfolio and improve trading liquidity of our common stock : sale of assets . during 2019 , the company sold eight properties in accordance with the approval of its then‑principal stockholder , and an additional two properties ( one office property and one development site in washington , d.c. ) after evaluating each asset within its portfolio and the intrinsic value of each property . the asset sale generated an aggregate gross sales price to the company of $ 990,996,000 . repayment of certain indebtedness . we used a portion of the net proceeds from the asset sale to repay balances on certain of the company 's indebtedness . return of capital to holders of common stock . on august 30 , 2019 , we paid a special dividend of $ 42.00 per share of common stock ( $ 14.00 per share of common stock prior to the reverse stock split ) , or $ 613,294,000 in the aggregate , to stockholders of record of our common stock at the close of business on august 19 , 2019 . cim reit liquidation . story_separator_special_tag asset management and other fees to related parties : asset management fees and other fees to related parties , which have not been allocated to our operating segments , were $ 15,921,000 for the year ended december 31 , 2019 , a decrease of $ 6,085,000 , compared to $ 22,006,000 for the year ended december 31 , 2018 . asset management fees totaled $ 12,019,000 for the year ended december 31 , 2019 compared to $ 17,880,000 for the year ended december 31 , 2018 . asset management fees are calculated based on a percentage of the daily average adjusted fair value of cim urban 's assets , which are appraised in the fourth quarter of each year . the lower fees reflect a decrease in the adjusted fair value of cim urban 's assets due to assets sold in the asset sale , including the sale of three office properties and a parking garage in oakland , california , the sale of an office property in washington , d.c. , and the sale of an office property in san francisco , california , all of which were consummated in march 2019 , the sale of an office property in oakland , california , which was consummated in may 2019 , and the sale of two office properties and one development site in washington , d.c. , which was consummated in july 2019 , partially offset by net increases in the fair value of cim urban 's real estate assets based on the december 31 , 2018 appraised values as well as incremental capital expenditures during 2019. cim commercial also pays a base service fee to the administrator , a related party , which totaled $ 1,102,000 for the year ended december 31 , 2019 compared to $ 1,079,000 for the year ended december 31 , 2018 . in addition , the administrator received compensation and or reimbursement for performing certain services for cim commercial and its subsidiaries that are not covered by the base service fee . for the years ended december 31 , 2019 and 2018 , we expensed $ 2,577,000 and $ 2,783,000 for such services , respectively . for the years ended december 31 , 2019 and 2018 , we also expensed $ 223,000 and $ 264,000 , respectively , related to corporate services subject to reimbursement by us under the cim sba staffing and reimbursement agreement . the properties sold as part of the asset sale will cause asset management fees to decline materially during the year ending december 31 , 2020 as compared to the year ended december 31 , 2019 , and , as discussed in `` item 1––business `` of this annual report on form 10-k , for the first and second quarters of 2020 , we will , subject to applicable laws and regulations under nasdaq and the tase and the agreement of the operator and or the administrator , as applicable , seek to pay some or all of the asset management fees , the base service fee and or reimbursements under the master services agreement in respect of such quarter in shares of common stock . the company may seek to do so for the third and fourth quarters of 2020 as well ( subject to the agreement of the operator and or the administrator , as the case may be , and the approval of a special committee consisting of the independent members of the board of directors ) . interest expense : interest expense , which has not been allocated to our operating segments , was $ 10,361,000 for the year ended december 31 , 2019 , a decrease of $ 15,121,000 , compared to $ 25,482,000 for the year ended december 31 , 2018 . the decrease is primarily due to the legal defeasance of mortgage loans with an aggregate outstanding principal balance of 77 $ 205,500,000 in connection with the sale of three office properties and a parking garage in oakland , california , the prepayment of a $ 46,000,000 mortgage loan in connection with the sale of an office property in washington , d.c. , and the assumption of a $ 28,200,000 mortgage loan by the buyer of an office property in san francisco , california , all of which were consummated in march 2019 , the legal defeasance of a mortgage loan with an outstanding principal balance of $ 39,500,000 in connection with the sale of an office property in oakland , california , which was consummated in may 2019 , a decrease in interest expense , including the impact of interest rate swaps , as a result of the lower average outstanding principal balance on our revolving credit facility during 2019 compared to the average outstanding principal balance on our unsecured credit and term loan facilities during 2018 , and due to higher income during 2019 received in connection with the termination of interest rate swaps as compared to 2018. the aforementioned reductions in our debt are expected to cause interest expense to decline materially during the year ending december 31 , 2020 as compared to the year ended december 31 , 2019. however , the magnitude of any such decrease can not be predicted as it will depend on a number of factors such as the amount and timing of future borrowings on our revolving credit facility , and the terms and amount of any new borrowings we may enter into . general and administrative expenses : general and administrative expenses , which have not been allocated to our operating segments , were $ 4,069,000 for the year ended december 31 , 2019 , a decrease of $ 859,000 , compared to $ 4,928,000 for the year ended december 31 , 2018 . the decrease is primarily due to certain expenses related to our multifamily properties sold during the year ended december 31 , 2017 , which were expensed in 2018. transaction costs : transaction costs were $ 574,000 for

