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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Rental income from operating leases $ 139,365 $ 125,239 $ 128,023
Property operating revenues 101,750 211,104 236,860
Interest income on mortgages and other notes receivable 0 1,322 8,412
Total revenues 241,115 337,665 373,295
Expenses:      
Property operating expenses 80,881 174,111 190,165
Asset management fees to advisor 11,914 15,666 18,651
General and administrative 15,098 15,635 17,136
Ground lease and permit fees 11,316 10,341 10,162
Acquisition fees and costs 0 0 664
Other operating expenses 12,078 6,878 5,328
Bad debt expense 1,854 8,536 291
Loan loss provision 0 9,319 3,270
Loss on lease terminations 0 0 8,914
Impairment provisions 8,142 124,873 30,428
Depreciation and amortization 66,792 83,481 98,664
Total expenses 208,075 448,840 383,673
Operating income (loss) 33,040 (111,175) (10,378)
Other income (expense):      
Interest and other income 1,569 2,172 838
Interest expense and loan cost amortization (11,141) (26,931) (57,260)
Loss on extinguishment of debt (25) (21,065) (1,391)
Equity in earnings of unconsolidated entities 1,290 6,153 7,753
Gain on purchase of controlling interest in unconsolidated entity 30,025 0 0
Total other income (expense) 21,718 (39,671) (50,060)
Income tax benefit (expense) 1,354 (9,778) 0
Income (loss) from continuing operations 56,112 (160,624) (60,438)
Income (loss) from discontinued operations (includes $3,027 amortization of loss and loss on termination of cash flow hedge for the year ended December 31, 2014) 9,691 204,671 (31,706)
Net income (loss) before gain on sale of real estate and unconsolidated entities 65,803 44,047 (92,144)
Gain on sale of real estate (includes $609 reclassification of cumulative foreign currency translation adjustments for the year ended December 31, 2016) 145 46,594 0
Gain from sale of unconsolidated entities 0 39,252 0
Net income (loss) $ 65,948 $ 129,893 $ (92,144)
Net income (loss) per share of common stock (basic and diluted)      
Continuing operations (in dollars per shares) $ 0.17 $ (0.23) $ (0.18)
Discontinued operations (in dollars per shares) 0.03 0.63 (0.10)
Net income (loss) per share (in dollars per shares) $ 0.20 $ 0.40 $ (0.28)
Weighted average number of shares of common stock outstanding (basic and diluted) (in shares) 325,183 325,183 324,451