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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Rental revenues (including $944, $1,083 and $841 for 2021, 2020 and 2019, respectively, from related parties) $ 37,808 $ 51,909 $ 46,231
Other income 4,231 7,117 12,757
Total revenue 42,039 59,026 58,988
Expenses:      
Property operating expenses (including $889, $990 and $991 for 2021, 2020 and 2019, respectively, from related parties) 20,860 24,360 25,694
Depreciation and amortization 11,870 14,755 13,379
General and administrative (including $4,399, $3,869 and $4,429 for 2021, 2020 and 2019, respectively, from related parties) 15,942 10,614 11,089
Advisory fee to related party 13,985 9,409 9,216
Total operating expenses 62,657 59,138 59,378
Net operating loss (20,618) (112) (390)
Interest income (including $19,799, $19,515 and $23,670 for 2021, 2020 and 2019, respectively, from related parties) 23,421 23,098 25,955
Interest expense (including $5,661, $6,632 and $9,282 for 2021, 12/31/2020 and 2019, respectively, from related parties) (29,080) (35,004) (39,860)
Loss on foreign currency transactions (6,175) (13,378) (15,108)
Loss on extinguishment of debt (1,451) 0 (5,219)
Equity in income (loss) from unconsolidated joint ventures 14,634 (379) (2,313)
Gain on sale or write-down of assets 24,647 36,895 15,192
Income tax provision 1,067 147 0
Net income (loss) 6,445 11,267 (21,743)
Net (income ) loss attributable to noncontrolling interest (3,098) (2,237) 5,785
Net income (loss) attributable to the Company 3,347 9,030 (15,958)
Preferred dividend 0 0 (1)
Net income (loss) applicable to common shares $ 3,347 $ 9,030 $ (15,959)
Earnings per share - basic      
Basic (in dollars per share) $ 0.21 $ 0.56 $ (1.00)
Diluted (in dollars per share) $ 0.21 $ 0.56 $ (1.00)
Weighted average common shares used in computing earnings per share      
Basic (in shares) 16,152,043 16,045,796 15,997,076
Diluted (in shares) 16,152,043 16,045,796 15,997,076