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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Rental revenues (including $882, $931 and $944 for 2023, 2022 and 2021, respectively, from related parties) $ 47,023 $ 34,080 $ 37,808
Other income 3,477 3,464 4,231
Total revenue 50,500 37,544 42,039
Expenses:      
Property operating expenses (including $366, $433 and $889 for 2023, 2022 and 2021, respectively, from related parties) 27,896 18,339 20,860
Depreciation and amortization 13,646 9,686 11,870
General and administrative (including $4,006, $4,191 and $4,399 for 2023, 2022 and 2021, respectively, from related parties) 10,011 10,033 15,942
Advisory fee to related party 10,187 8,753 13,985
Total operating expenses 61,740 46,811 62,657
Net operating loss (11,240) (9,267) (20,618)
Interest income (including $13,260, $15,600 and $14,138 for 2023, 2022 and 2021, respectively, from related parties) 26,847 26,559 17,760
Interest expense (9,502) (17,529) (23,419)
Gain (loss) on foreign currency transactions 993 20,067 (6,175)
Loss on early extinguishment of debt (1,710) (2,805) (1,451)
Equity in income from unconsolidated joint ventures 3,242 469,268 14,634
(Loss) gain on sale, remeasurement or write down of assets (1,923) 87,132 24,647
Income tax provision (1,456) (98,108) 1,067
Net income 5,251 475,317 6,445
Net income attributable to noncontrolling interest (1,283) (101,968) (3,098)
Net income attributable to the Company $ 3,968 $ 373,349 $ 3,347
Earnings per share      
Basic (in dollars per share) $ 0.25 $ 23.11 $ 0.21
Diluted (in dollars per share) $ 0.25 $ 23.11 $ 0.21
Weighted average common shares used in computing earnings per share      
Basic (in shares) 16,152,043 16,152,043 16,152,043
Diluted (in shares) 16,152,043 16,152,043 16,152,043