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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUE      
Property rental $ 499,586 $ 458,958 $ 493,273
Third-party real estate services, including reimbursements 114,003 113,939 120,886
Other revenue 20,773 29,826 33,611
Total revenue 634,362 602,723 647,770
EXPENSES      
Depreciation and amortization 236,303 221,756 191,580
Property operating 150,638 145,625 137,622
Real estate taxes 70,823 70,958 70,493
General and administrative:      
Corporate and other 53,819 46,634 46,822
Third-party real estate services 107,159 114,829 113,495
Share-based compensation related to Formation Transaction and special equity awards 16,325 31,678 42,162
Transaction and other costs 10,429 8,670 23,235
Total expenses 645,496 640,150 625,409
OTHER INCOME (EXPENSE)      
Loss from unconsolidated real estate ventures, net (2,070) (20,336) (1,395)
Interest and other income (loss), net 8,835 (625) 5,385
Interest expense (67,961) (62,321) (52,695)
Gain on sale of real estate 11,290 59,477 104,991
Loss on extinguishment of debt   (62) (5,805)
Impairment loss (25,144) (10,232)  
Total other income (expense) (75,050) (34,099) 50,481
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT (86,184) (71,526) 72,842
Income tax (expense) benefit (3,541) 4,265 1,302
NET INCOME (LOSS) (89,725) (67,261) 74,144
Net (income) loss attributable to redeemable noncontrolling interests 8,728 4,958 (8,573)
Net loss attributable to noncontrolling interests 1,740    
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (79,257) $ (62,303) $ 65,571
EARNINGS (LOSS) PER COMMON SHARE:      
EARNINGS (LOSS) PER COMMON SHARE - BASIC $ (0.63) $ (0.49) $ 0.48
EARNINGS (LOSS) PER COMMON SHARE - DILUTED $ (0.63) $ (0.49) $ 0.48
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC 130,839 133,451 130,687
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED 130,839 133,451 130,687