XML 21 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Rental $ 145,446 $ 163,739 $ 207,581
Total revenues 145,707 165,615 209,358
Expenses:      
Real estate operating expenses 50,732 52,820 60,881
Real estate taxes and insurance 27,200 34,620 41,061
Depreciation and amortization 54,738 63,808 78,544
General and administrative 14,021 13,885 15,898
Interest 24,318 22,808 32,273
Total expenses 171,009 187,941 228,657
Loss on extinguishment of debt (106) (78) (901)
Gain on consolidation of Sponsored REIT 394    
Impairment and loan loss reserve   (4,237)  
Gain (loss) on sale of properties and impairment of assets held for sale, net (23,384) 27,939 113,134
Interest income 567    
New (47,831) 1,298 92,934
Tax expense 279 204 638
Equity in income of non-consolidated REITs     421
Net income (loss) $ (48,110) $ 1,094 $ 92,717
Weighted average number of shares outstanding, basic 103,357,000 103,338,000 106,667,000
Weighted average number of shares outstanding, diluted 103,357,000 103,338,000 106,667,000
Net income (loss) per share, basic $ (0.47) $ 0.01 $ 0.87
Net income (loss) per share, diluted $ (0.47) $ 0.01 $ 0.87
Rental      
Revenues:      
Rental $ 145,446 $ 163,739 $ 207,581
Related party revenue: Management fees and interest income from loans      
Revenues:      
Revenue   1,855 1,700
Related party revenue: Other      
Revenues:      
Revenue $ 261 $ 21 $ 77