CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Revenues:
Rental income	$ 32,531	$ 27,171
Hotel revenue	4,209	2,905
Operating expense reimbursements and other revenue	4,162	3,516
Total revenues	40,902	33,592
Operating expenses:
Property operating	10,969	8,858
Hotel operating	5,670	5,147
Operating fees to affiliates	3,144	0
Acquisition and transaction related	125	69
General and administrative	3,950	1,361
Depreciation and amortization	20,732	21,013
Total operating expenses	44,590	36,448
Operating loss	(3,688)	(2,856)
Other income (expenses):
Interest expense	(5,933)	(3,939)
Income (loss) from unconsolidated joint venture	235	(1,984)
Income from preferred equity investment, investment securities and interest	930	624
Loss on derivative instruments	(4)	0
Total other expenses	(4,772)	(5,299)
Net loss	(8,460)	(8,155)
Net loss (income) attributable to non-controlling interests	261	(1)
Net loss attributable to stockholders	(8,199)	(8,156)
Other comprehensive income (loss):
Change in unrealized loss on derivatives	(1,093)	(126)
Unrealized gain on investment securities	104	124
Total other comprehensive loss	(989)	(2)
Comprehensive loss attributable to stockholders	$ (9,188)	$ (8,158)
Basic and diluted net loss per share attributable to stockholders (in dollars per share)	$ (0.05)	$ (0.05)