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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Rental revenue $ 711,470,000 $ 702,819,000 $ 690,418,000
Fee and other income 31,318,000 37,558,000 36,368,000
Total revenues 742,788,000 740,377,000 726,786,000
Expenses:      
Operating 293,965,000 277,422,000 265,438,000
Depreciation and amortization 250,644,000 232,517,000 232,487,000
General and administrative 61,986,000 59,487,000 59,132,000
Transaction related costs 422,000 470,000 916,000
Total expenses 607,017,000 569,896,000 557,973,000
Other income (expense):      
Loss from real estate related fund investments (96,375,000) (2,233,000) 0
(Loss) income from unconsolidated real estate related funds (822,000) (1,239,000) 782,000
Loss from unconsolidated joint ventures (270,298,000) (53,251,000) (24,896,000)
Interest and other (loss) income, net 14,837,000 5,174,000 3,017,000
Interest and debt expense (152,990,000) (143,864,000) (142,014,000)
(Loss) income before income taxes (369,877,000) (24,932,000) 5,702,000
Income tax expense (1,426,000) (3,265,000) (3,643,000)
Net (loss) income (371,303,000) (28,197,000) 2,059,000
Less net (income) loss attributable to noncontrolling interests in:      
Consolidated joint ventures (20,464,000) (13,981,000) (21,538,000)
Consolidated real estate related funds 109,795,000 3,342,000 (2,893,000)
Operating Partnership 22,228,000 2,433,000 2,018,000
Net loss attributable to common stockholders $ (259,744,000) $ (36,403,000) $ (20,354,000)
Loss per Common Share - Basic:      
Net loss per common share $ (1.2) $ (0.16) $ (0.09)
Weighted average common shares outstanding 216,922,235 221,309,938 218,701,249
Loss per Common Share - Diluted:      
Net loss per common share $ (1.2) $ (0.16) $ (0.09)
Weighted average common shares outstanding 216,922,235 221,309,938 218,701,249