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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Rental revenues $ 24,337 $ 27,630 $ 32,556
Hotel revenues 13,207 18,501 17,694
Total revenues 37,544 46,131 50,250
Expenses      
Property operating expenses 8,855 9,496 11,503
Hotel operating expenses 9,299 13,608 12,498
Interest expense, net 6,129 6,164 6,791
Real estate taxes 4,343 5,173 6,127
Impairment charge 4,132 0 1,417
Property management fees 1,258 1,512 1,650
Asset management fees 1,782 2,264 2,702
General and administrative 4,512 3,139 3,620
Depreciation and amortization 9,618 11,014 14,950
Total expenses 49,928 52,370 61,258
Interest income, net 279 137 149
Income from investment in unconsolidated joint venture 17,931 0 0
Loss on early extinguishment of debt 0 (500) (732)
Other income (expense) 8 122 (777)
Loss before gain on sale of real estate and income taxes 5,834 (6,480) (12,368)
Gain on sale of real estate 21,605 11,341 22,771
Income tax benefit (expense) 1,604 47 (2,726)
Net income 29,043 4,908 7,677
Net (income) loss attributable to the noncontrolling interest (4,485) 35 (699)
Net income attributable to the Company's shares $ 24,558 $ 4,943 $ 6,978
Weighted average shares outstanding:      
Basic and diluted (in shares) 24,950 25,418 25,688
Basic and diluted earnings per share $ 0.98 $ 0.19 $ 0.27
Comprehensive income:      
Net income $ 29,043 $ 4,908 $ 7,677
Other comprehensive income:      
Reclassification of unrealized loss on currency translation to net income 0 0 250
Foreign currency translation gain (loss) 468 (123) (376)
Total other comprehensive income (loss) 468 (123) (126)
Comprehensive income: 29,511 4,785 7,551
Revenues (4,485) 35 (699)
Comprehensive income attributable to the Company's shares $ 25,026 $ 4,820 $ 6,852