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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES      
TOTAL REVENUES $ 116,165 $ 109,997 $ 103,952
OPERATING EXPENSES      
Property operating expenses 28,887 27,267 27,029
Real estate taxes and insurance 24,966 22,293 20,685
General and administrative 9,167 9,873 9,944
Acquisition and other 101 69
Depreciation and amortization 19,649 18,005 16,721
TOTAL OPERATING EXPENSES 82,669 77,539 74,448
INCOME FROM OPERATIONS 33,496 32,458 29,504
Interest expense, net (35,187) (32,781) (35,505)
Loss on extinguishment of debt (2,432) (8,872)
Gain on involuntary conversion 194
Net loss (4,123) (9,001) (6,001)
Net loss attributable to non-controlling interests 2,458 5,368 3,644
Dividends attributable to preferred shares (8)
Net loss attributable to common stockholders $ (1,665) $ (3,633) $ (2,365)
Basic and diluted net loss per share (in dollars per share) $ (0.11) $ (0.22) $ (0.15)
Residential Rental [Member]      
REVENUES      
TOTAL REVENUES $ 87,386 $ 81,117 $ 74,859
Commercial Real Estate [Member]      
REVENUES      
TOTAL REVENUES $ 28,779 $ 28,880 $ 29,093