Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues:
Rental and other property revenues	$ 97,902	$ 104,459
Interest income and preferred equity returns	6,583	10,512
Interest income from related parties	197	405
Miscellaneous revenues	198	324
Total revenues	104,880	115,700
Operating expenses:
Property operating and maintenance	14,863	15,249
Property salary and benefits	4,655	4,821
Property management costs	792	1,105
Real estate taxes and insurance	15,806	16,140
General and administrative	7,842	7,539
Merger-related costs	4,913	0
Equity compensation to directors and executives	1,223	574
Depreciation and amortization	38,161	45,827
Allowance for expected credit losses	572	522
Management Internalization expense	244	245
Total operating expenses	89,071	92,022
Operating income before gains on sales of real estate and loss from unconsolidated joint venture	15,809	23,678
Loss from unconsolidated joint venture	(108)	(194)
Gain on sale of real estate, net	0	798
Operating income	15,701	24,282
Interest expense	23,160	26,991
Loss on extinguishment of debt	363	0
Loss on sale of land	(22)	0
Net loss	(7,844)	(2,709)
Net loss attributable to non-controlling interests	30	62
Net loss attributable to the Company	(7,814)	(2,647)
Dividends declared to preferred stockholders	27,033	33,820
Dividends to holders of unvested restricted stock	(137)	(142)
Net loss attributable to common stockholders	$ (34,984)	$ (36,609)
Earnings Per Share, Basic	$ (0.62)	$ (0.73)
Earnings Per Share, Diluted	$ (0.62)	$ (0.73)
Weighted Average Number of Shares Outstanding, Basic	56,255	50,033
Weighted Average Number of Shares Outstanding, Diluted	56,255	50,033