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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Rental income $ 41,176 $ 40,216 $ 81,676 $ 80,431
Operating expense reimbursements 2,871 3,053 5,817 5,704
Interest income from debt investments 230 0 570 0
Total revenues 44,277 43,269 88,063 86,135
Operating expenses:        
Asset management fees to related party 4,500 4,096 9,000 4,096
Property operating 3,283 3,439 6,620 6,526
Acquisition and transaction related 734 377 1,077 506
General and administrative 2,464 3,552 5,842 5,499
Depreciation and amortization 25,538 25,386 51,031 50,773
Total operating expenses 36,519 36,850 73,570 67,400
Operating income 7,758 6,419 14,493 18,735
Other (expense) income:        
Interest expense (12,328) (8,239) (24,959) (16,399)
Distribution income from other real estate securities 0 169 0 338
Gain on sale of other real estate securities 0 0 0 546
Gain on sale of real estate investments 454 0 454 0
Other income 39 27 81 57
Total other expense, net (11,835) (8,043) (24,424) (15,458)
Net (loss) income (4,077) (1,624) (9,931) 3,277
Other comprehensive (loss) income:        
Change in unrealized income on investment securities 0 (7) 0 (184)
Comprehensive (loss) income $ (4,077) $ (1,631) $ (9,931) $ 3,093
Basic net (loss) per share (in dollars per share) $ (0.06) $ (0.02) $ (0.15) $ 0.05
Diluted net (loss) per share (in dollars per share) $ (0.06) $ (0.02) $ (0.15) $ 0.05