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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Rental income $ 4,005 $ 5,294 $ 13,212 $ 15,289
Other operating income 53 68 131 225
Total revenues 4,058 5,362 13,343 15,514
Expenses:        
Operating, maintenance, and management 912 1,121 2,774 3,411
Property management fees and expenses to affiliate 32 40 102 122
Real estate taxes and insurance 590 715 2,029 2,234
Asset management fees to affiliate 432 483 1,293 1,412
General and administrative expenses 652 491 1,785 1,296
Depreciation and amortization 1,933 2,153 6,089 6,522
Interest expense 607 1,596 4,344 6,054
Impairment charges on real estate 0 0 5,750 0
Total expenses 5,158 6,599 24,166 21,051
Other (loss) income:        
Interest and other income 1 17 14 50
Gain on sale of real estate, net 0 0 5,245 0
Equity in (loss) income of unconsolidated joint venture (402) 13 (837) 13
Loss from extinguishment of debt 0 0 (29) 0
Total other (loss) income (401) 30 4,393 63
Net loss $ (1,501) $ (1,207) $ (6,430) $ (5,474)
Net loss per common share, basic and diluted (in dollars per share) $ (0.15) $ (0.12) $ (0.63) $ (0.55)
Weighted-average number of common shares outstanding, basic and diluted (in shares) 10,185,344 10,058,508 10,179,760 9,927,695