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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Rental income $ 29,009 $ 33,478
Hotel revenue 4,329 4,209
Operating expense reimbursements and other revenue 3,371 4,162
Total revenues 36,709 41,849
Operating expenses:    
Property operating 10,366 10,969
Hotel operating 6,254 5,670
Operating fees incurred from the Advisor 3,074 3,144
Acquisition and transaction related 349 125
General and administrative (3,344) 3,950
Depreciation and amortization 17,225 21,680
Total operating expenses 33,924 45,538
Operating income (loss) 2,785 (3,689)
Other income (expenses):    
Interest expense (9,726) (6,249)
Income from unconsolidated joint venture 1,088 235
Income from preferred equity investment, investment securities and interest 18 930
Gain on sale of real estate investments, net 6,505 0
Loss on derivative instruments (251) (4)
Total other expenses (2,366) (5,088)
Net income (loss) 419 (8,777)
Net loss attributable to non-controlling interests 68 261
Net income (loss) attributable to stockholders 487 (8,516)
Other comprehensive income (loss):    
Unrealized loss on derivatives (879) (1,093)
Unrealized gain on investment securities 0 104
Total other comprehensive loss (879) (989)
Comprehensive loss attributable to stockholders $ (392) $ (9,505)
Basic weighted average shares outstanding (in shares) 163,872,612 162,092,424
Basic net income (loss) per share attributable to stockholders (in dollars per share) $ 0.00 $ (0.05)
Diluted weighted average common shares outstanding (in shares) 167,926,110 162,092,424
Diluted net income (loss) per share attributable to stockholders (in dollars per share) $ 0.00 $ (0.05)
Dividends declared per common share (in dollars per share) $ 0.115 $ 0.115