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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2017
Jun. 30, 2016
Jun. 30, 2016
Revenues:      
Rental income from operating leases $ 40,985 $ 32,576 $ 71,976
Property operating revenues 2,337 30,980 33,361
Total revenues 43,322 63,556 105,337
Expenses:      
Property operating expenses 10,500 28,727 38,643
Asset management fees to advisor 2,763 3,035 6,066
General and administrative 4,517 4,422 7,881
Ground lease and permit fees 4,018 2,574 6,353
Other operating expenses 4,608 3,696 6,004
Bad debt expense 0 144 209
Depreciation and amortization 16,750 16,635 33,457
Total expenses 43,156 59,233 98,613
Operating income 166 4,323 6,724
Other income (expense):      
Interest and other income 437 617 1,061
Interest expense and loan cost amortization (2,219) (2,777) (5,735)
Equity in earnings of unconsolidated entity 0 0 1,290
Gain on purchase of controlling interest of investment in unconsolidated entity 0 30,025 30,025
Total other income (expense) (1,782) 27,865 26,641
(Loss) income from continuing operations (1,616) 32,188 33,365
Income from discontinued operations 0 9,964 9,441
Net (loss) income before gain on sale of real estate (1,616) 42,152 42,806
Gain (loss) on sale of real estate 0 911 911
Net (loss) income $ (1,616) $ 43,063 $ 43,717
Net (loss) income per share of common stock (basic and diluted)      
Continuing operations (in dollars per share) $ 0.00 $ 0.10 $ 0.10
Discontinued operations (in dollars per share) 0.00 0.03 0.03
Net (loss) income per share (in dollars per share) $ 0.00 $ 0.13 $ 0.13
Weighted average number of shares of common stock outstanding (basic and diluted) (in shares) 325,183 325,183 325,183