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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUE    
Property rental $ 131,598 $ 122,241
Third-party real estate services, including reimbursements 23,970 38,107
Other revenue 6,397 4,941
Total revenue 161,965 165,289
EXPENSES    
Depreciation and amortization 58,062 64,726
Property operating 40,644 34,731
Real estate taxes 18,186 18,310
General and administrative:    
Corporate and other 15,815 12,475
Third-party real estate services 27,049 28,936
Share-based compensation related to Formation Transaction and special equity awards 2,244 4,945
Transaction and other costs 899 3,690
Total expenses 162,899 167,813
OTHER INCOME (EXPENSE)    
Income (loss) from unconsolidated real estate ventures, net 3,145 (943)
Interest and other income, net 14,246 9
Interest expense (16,278) (16,296)
Loss on the sale of real estate (136)  
Loss on the extinguishment of debt (591)  
Total other income (expense) 386 (17,230)
LOSS BEFORE INCOME TAX (EXPENSE) BENEFIT (548) (19,754)
Income tax (expense) benefit 471 (4,315)
NET LOSS (77) (24,069)
Net (income) loss attributable to redeemable noncontrolling interests (10) 2,230
Net loss attributable to noncontrolling interests 55 1,108
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (32) $ (20,731)
LOSS PER COMMON SHARE:    
LOSS PER COMMON SHARE - BASIC   $ (0.16)
LOSS PER COMMON SHARE - DILUTED   $ (0.16)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC 126,682 131,540
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED 126,682 131,540