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Quarterly Results (Unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results (Unaudited)
Quarterly Results (Unaudited)
Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2016 and 2015 ($ in thousands, except per share amounts):
 
 
2016 Quarters Ended
 
Description
 
March 31
 
June 30
 
September 30
 
December 31
 
Revenue
 
$
12,450

 
$
11,693

 
$
11,393

 
$
10,595

 
Net income (loss)(1)
 
(967
)
 
(1,226
)
 
9,324

 
(2,223
)
 
Add: Net (income)/loss attributable to noncontrolling interest
 
(106
)
 
61

 
59

 
21

 
Net income (loss) attributable to common shareholders
 
$
(1,073
)
 
$
(1,165
)
 
$
9,383

 
$
(2,202
)
 
Basic and diluted weighted average shares outstanding
 
25,553

 
25,466

 
25,391

 
25,266

 
Basic and diluted income (loss) per share
 
$
(0.04
)
 
$
(0.05
)
 
$
0.37

 
$
(0.09
)
 
 
 
2015 Quarters Ended
 
Description
 
March 31
 
June 30
 
September 30
 
December 31
 
Revenue
 
$
13,314

 
$
12,779

 
$
12,539

 
$
11,618

 
Net income (loss)(2)
 
338

 
(1,878
)
 
13,117

 
(3,900
)
(3
)
Add: Net (income)/loss attributable to noncontrolling interest
 
(511
)
 
(82
)
 
(262
)
 
156

 
Net income (loss) attributable to common shareholders
 
$
(173
)
 
$
(1,960
)
 
$
12,855

 
$
(3,744
)
 
Basic and diluted weighted average shares outstanding
 
25,776

 
25,704

 
25,667

 
25,607

 
Basic and diluted income (loss) per share
 
$
(0.01
)
 
$
(0.07
)
 
$
0.50

 
$
(0.15
)
 

__________________________________________
(1)
Income from continuing operations for the quarter ended September 30, 2016 includes gain on the sale of Lakewood Flats of $11.5 million. See Note 6, Real Estate and Real Estate-Related Investments.
(2)
Income from continuing operations for the quarter ended March 31, 2015 includes gains on the sale of Babcock and AJS totaling $5.3 million. Income from continuing operations for the quarter ended September 30, 2015 includes gains on the sale of Holstenplatz and Wimberly totaling $17.5 million. See Note 6, Real Estate and Real Estate-Related Investments.
(3)
Loss from continuing operations for the quarter ended December 31, 2015 includes a non-cash impairment charge of $1.4 million on our investment in 22 Exchange due to the local market decline in Akron, Ohio.