XML 55 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues:    
Rental income $ 85,681 $ 87,256
Expenses:    
Rental operating - expenses 13,205 14,411
Rental operating - payroll 7,682 7,943
Rental operating - real estate taxes 11,316 11,992
Subtotal - Rental operating expenses 32,203 34,346
Acquisition costs 0 30
Management fees 13,208 13,728
General and administrative 7,586 8,155
Loss on disposal of assets 219 522
Depreciation and amortization expense 39,599 41,424
Total expenses 92,815 98,205
Loss before net gain on disposition (7,134) (10,949)
Net gain on disposition of property 20,619 0
Income (loss) before other income (expense) 13,485 (10,949)
Other income (expense):    
Interest income 223 157
Insurance proceeds in excess of cost basis 225 115
Interest expense (25,877) (24,764)
Net loss (11,944) (35,441)
Other comprehensive income (loss):    
Designated derivatives, fair value adjustment 190 65
Comprehensive loss $ (11,754) $ (35,376)
Weighted average common shares outstanding, basic and diluted 60,728 61,110
Basic and diluted net loss per common share $ (0.20) $ (0.58)