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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Rental revenues $ 23,625 $ 10,241 $ 43,966 $ 17,049
Expense recoveries 4,908 1,020 8,444 2,090
Interest income on real estate loans and other 1,150 186 1,757 340
Total revenues 29,683 11,447 54,167 19,479
Expenses:        
Interest expense 2,193 1,657 3,903 2,938
General and administrative 3,989 2,408 7,341 4,422
Operating expenses 7,304 2,227 13,013 3,836
Depreciation and amortization 10,351 3,736 18,591 6,152
Acquisition expenses 2,575 2,045 8,507 6,332
Total expenses 26,412 12,073 51,355 23,680
Income (loss) before equity in income of unconsolidated entity, loss on sale of investment property, and noncontrolling interests: 3,271 (626) 2,812 (4,201)
Equity in income of unconsolidated entity 26 26 52 43
Loss on sale of investment property     (15)  
Net income (loss) 3,297 (600) 2,849 (4,158)
Net (income) loss attributable to noncontrolling interests:        
Operating Partnership (157) 123 (133) 654
Partially owned properties (144) (84) (176) (150)
Net income (loss) attributable to controlling interest 2,996 (561) 2,540 (3,654)
Preferred distribution (425)   (491)  
Net Income (loss) attributable to common shareholders $ 2,571 $ (561) $ 2,049 $ (3,654)
Net income (loss) per share:        
Basic (in dollars per share) $ 0.04 $ (0.02) $ 0.03 $ (0.15)
Diluted (in dollars per share) $ 0.04 $ (0.02) $ 0.03 $ (0.15)
Weighted average common shares:        
Basic (in shares) 70,376,959 26,163,982 68,026,278 23,744,730
Diluted (in shares) 74,267,284 26,163,982 71,862,249 23,744,730
Dividends and distributions declared per common share and OP unit (in dollars per share) $ 0.225 $ 0.225 $ 0.45 $ 0.45