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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Rental revenues (including $223 and $313 for the three months ended June 30, 2022 and 2021, respectively, and $479 and $555 for six months ended June 30, 2022 and 2021, respectively, from related parties) $ 7,259 $ 10,194 $ 14,740 $ 20,555
Other income 870 909 1,176 2,376
Total revenue 8,129 11,103 15,916 22,931
Property operating expenses (including $110 and $195 for the three months ended June 30, 2022 and 2021, respectively, and $227 and $577 for six months ended June 30, 2022 and 2021, respectively, from related parties) 3,812 5,058 7,840 10,890
Depreciation and amortization 2,298 3,211 4,647 6,538
General and administrative (including $690 and $747 for the three months ended June 30, 2022 and 2021, respectively, and $2,080 and $2,417 for six months ended June 30, 2022 and 2021, respectively, from related parties) 2,194 5,866 4,914 9,101
Advisory fee to related party 2,858 5,739 6,043 8,175
Total operating expenses 11,162 19,874 23,444 34,704
Net operating loss (3,033) (8,771) (7,528) (11,773)
Interest income (including $5,403 and $5,062 for the three months ended June 30, 2022 and 2021, respectively, and $6,043 and $9,831 for the six months ended June 30, 2022 and 2021, respectively, from related parties) 9,419 5,616 16,201 11,260
Interest expense (including $1,794 and $1,373 for the three months ended June 30, 2022 and 2021, respectively, and $3,299 and $2,768 for the six months ended June 30, 2022 and 2021, respectively, from related parties) (6,389) (7,681) (12,556) (15,419)
Gain (loss) on foreign currency transactions     17,904 2,824
Loss on extinguishment of debt 0 0 (1,639) 0
Equity in income from unconsolidated joint ventures 2,048 4,572 7,242 7,908
Gain (loss) on sale or write-down of assets, net 3,893 (24,445) 15,041 (7,047)
Income tax provision (40) 1,841 (68) 1,801
Net income (loss) 20,030 (33,661) 34,597 (10,446)
Net (income) loss attributable to noncontrolling interests (3,718) 6,333 (6,971) 1,186
Net income (loss) attributable to common shares $ 16,312 $ (27,328) $ 27,626 $ (9,260)
Earnings per share - basic and diluted        
Basic (in dollars per share) $ 1.01 $ (1.69) $ 1.71 $ (0.57)
Diluted (in dollars per share) $ 1.01 $ (1.69) $ 1.71 $ (0.57)
Weighted average common shares used in computing earnings per share        
Basic (in shares) 16,152,043 16,152,043 16,152,043 16,152,043
Diluted (in shares) 16,152,043 16,152,043 16,152,043 16,152,043