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Statements of Operations - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Rental revenues $ 395,121,000 $ 323,252,000 $ 231,895,000
Other property revenues 11,795,000 8,213,000 4,958,000
Interest income on loan and note receivable 49,542,000 50,190,000 35,948,000
Revenue from Related Parties 11,946,000 15,616,000 21,204,000
miscellaneous revenues 2,023,000 0 0
Total revenues 470,427,000 397,271,000 294,005,000
Operating expenses:      
Property operating and maintenance 52,911,000 44,065,000 29,903,000
property salaries related party 20,693,000 17,766,000 13,272,000
Property management fees 13,981,000 11,681,000 8,329,000
Real estate taxes 50,298,000 42,035,000 31,281,000
General and administrative 8,541,000 8,224,000 6,490,000
Share-based Compensation 1,223,000 1,703,000 3,470,000
Depreciation and amortization 185,065,000 171,136,000 116,777,000
Management fees 33,516,000 27,541,000 20,226,000
Loans and Leases Receivable, Allowance 2,038,000 2,533,000 0
Allowance for Loan and Lease Losses, Loans Acquired (2,038,000) (2,533,000) 0
Other Expenses 13,687,000 7,166,000 6,598,000
Total operating expenses 381,953,000 333,850,000 236,346,000
manager's fees deferred (11,764,000) (6,656,000) (1,729,000)
Operating Expenses 370,189,000 327,194,000 234,617,000
Operating Income (Loss) 101,805,000 139,782,000 97,023,000
Interest Expense 111,964,000 95,564,000 67,468,000
Gain (Loss) on Extinguishment of Debt 84,000 0 888,000
Gain (Loss) on Sales of Loans, Net 954,000 0 0
Income (Loss) before Gain (Loss) on Sale of Properties 100,238,000 70,077,000 59,388,000
Gains (Losses) on Sales of Investment Real Estate 1,567,000 69,705,000 37,635,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (7,458,000) 44,538,000 28,667,000
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest (7,458,000) 44,538,000 28,667,000
net loss attributable to non-controlling interests 214,000 (1,071,000) (986,000)
Net loss attributable to the Company (7,244,000) 43,467,000 27,681,000
Dividends to preferred stockholders (113,772,000) (86,741,000) (63,651,000)
Deemed noncash dividend 768,000 229,000 63,000
NetIncomeAllocatedToUnvestedRestrictedShares (17,000) (16,000) (15,000)
Net Income (Loss) Available to Common Stockholders, Basic $ (121,033,000) $ (43,290,000) $ (35,985,000)
Earnings Per Share, Basic $ (2.73) $ (1.08) $ (1.13)
Dividends, Common Stock, Cash $ 46,755,000 $ 41,129,000 $ 31,244,000
Common Stock, Dividends, Per Share, Declared $ 1.0475 $ 1.02 $ 0.94
Weighted Average Number of Shares Outstanding, Diluted 44,265 40,032 31,926
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) $ 1,831,000 $ 320,000 $ 0