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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Rental revenue $ 702,819,000 $ 690,418,000 $ 679,015,000
Fee and other income 37,558,000 36,368,000 35,222,000
Total revenues 740,377,000 726,786,000 714,237,000
Expenses:      
Operating 277,422,000 265,438,000 267,587,000
Depreciation and amortization 232,517,000 232,487,000 235,200,000
General and administrative 59,487,000 59,132,000 64,917,000
Transaction related costs 470,000 916,000 1,096,000
Total expenses 569,896,000 557,973,000 568,800,000
Other income (expense):      
Loss from real estate related fund investments (2,233,000) 0 0
(Loss) income from unconsolidated real estate funds (1,239,000) 782,000 272,000
Loss from unconsolidated joint ventures (53,251,000) (24,896,000) (18,619,000)
Interest and other income, net 5,174,000 3,017,000 4,490,000
Interest and debt expense (143,864,000) (142,014,000) (144,208,000)
(Loss) income from continuing operations, before income taxes (24,932,000) 5,702,000 (12,628,000)
Income tax expense (3,265,000) (3,643,000) (1,493,000)
(Loss) income from continuing operations, net (28,197,000) 2,059,000 (14,121,000)
Loss from discontinued operations, net 0 0 (5,075,000)
Net (loss) income (28,197,000) 2,059,000 (19,196,000)
Less net (income) loss attributable to noncontrolling interests in:      
Consolidated joint ventures (13,981,000) (21,538,000) (9,257,000)
Consolidated real estate related funds 3,342,000 (2,893,000) 1,450,000
Operating Partnership 2,433,000 2,018,000 2,299,000
Net loss attributable to common stockholders $ (36,403,000) $ (20,354,000) $ (24,704,000)
Loss per Common Share - Basic:      
Loss from continuing operations, net $ (0.16) $ (0.09) $ (0.09)
Loss from discontinued operations, net 0 0 (0.02)
Net loss per common share $ (0.16) $ (0.09) $ (0.11)
Weighted average common shares outstanding 221,309,938 218,701,249 222,436,170
Loss per Common Share - Diluted:      
Loss from continuing operations, net $ (0.16) $ (0.09) $ (0.09)
Loss from discontinued operations, net 0 0 (0.02)
Net loss per common share $ (0.16) $ (0.09) $ (0.11)
Weighted average common shares outstanding 221,309,938 218,701,249 222,436,170