The following table presents the supplemental cash flow disclosures (in thousands): | | | | | | | | Six Months Ended
June 30, | | 2017 | | 2016 | Supplemental Disclosures of Non-Cash Investing and Financing Activities: | | Reduction of debt in exchange for collateral assets | — |
| | 41,688 |
| Reduction and assumption of debt through sale of certain real estate properties | 35,528 |
| | 5,856 |
| Reclass of residual value on expired deferred financing lease to operating asset | 8,613 |
| | — |
| Net real estate and other collateral assets sold or surrendered to lender | 35,008 |
| | 31,833 |
| Accrued interest capitalized to principal (1) | 1,206 |
| | 2,175 |
| Accrued performance share dividend rights | 353 |
| | 330 |
| Distributions declared and unpaid | 82,422 |
| | 84,068 |
| Accrued deferred financing costs | 221 |
| | 1,077 |
|
(1) Accrued and overdue interest on certain CMBS notes that have been intentionally placed in default. |