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Consolidated Statements of Operations - USD ($)
$ in Thousands
1 Months Ended 12 Months Ended
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Consolidated Statements of Operations      
Rental revenue $ 3,345 $ 42,339 $ 37,650
Operating expenses of rental properties 497 5,003 4,680
Real estate taxes 482 6,293 5,636
Depreciation and amortization expense 1,122 15,352 13,686
General and administrative expenses 1,172 11,816 10,503
Total expenses 3,273 38,464 34,505
Gain on sales of real estate assets   24,758 2,329
Interest expense (602) (6,877) (7,294)
Impairment of real estate assets   (3,000) (2,085)
Change in fair value of financial instruments 2,785 (2,746) (3,189)
Losses on early extinguishment of debt   (2,114)  
Investment and other income 7 260 46
Other expense (281) 14 (281)
Total other income (expense) 1,909 10,295 (10,474)
Income (loss) before income taxes 1,981 14,170 (7,329)
Income tax expense   (26) (3,152)
Net income (loss) $ 1,981 $ 14,144 $ (10,481)
Basic and diluted net income (loss) per common share      
Basic net income (loss) per common share $ 0.35 $ 1.79 $ (1.97)
Diluted net income (loss) per common share $ 0.34 $ 1.75 $ (1.97)
Weighted average shares outstanding - basic 5,663,000 7,908,000 5,309,000
Weighted average shares outstanding - diluted 5,844,000 8,081,000 5,309,000