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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUE      
Property rental $ 491,738 $ 499,586 $ 458,958
Third-party real estate services, including reimbursements 89,022 114,003 113,939
Other revenue 25,064 20,773 29,826
Total revenue 605,824 634,362 602,723
EXPENSES      
Depreciation and amortization 213,771 236,303 221,756
Property operating 150,004 150,638 145,625
Real estate taxes 62,167 70,823 70,958
General and administrative:      
Corporate and other 58,280 53,819 46,634
Third-party real estate services 94,529 107,159 114,829
Share-based compensation related to Formation Transaction and special equity awards 5,391 16,325 31,678
Transaction and other costs 5,511 10,429 8,670
Total expenses 589,653 645,496 640,150
OTHER INCOME (EXPENSE)      
Loss from unconsolidated real estate ventures, net (17,429) (2,070) (20,336)
Interest and other income (loss), net 18,617 8,835 (625)
Interest expense (75,930) (67,961) (62,321)
Gain on the sale of real estate, net 161,894 11,290 59,477
Loss on the extinguishment of debt (3,073)   (62)
Impairment loss   (25,144) (10,232)
Total other income (expense) 84,079 (75,050) (34,099)
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT 100,250 (86,184) (71,526)
Income tax (expense) benefit (1,264) (3,541) 4,265
NET INCOME (LOSS) 98,986 (89,725) (67,261)
Net (income) loss attributable to redeemable noncontrolling interests (13,244) 8,728 4,958
Net (income) loss attributable to noncontrolling interests (371) 1,740  
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 85,371 $ (79,257) $ (62,303)
EARNINGS (LOSS) PER COMMON SHARE:      
EARNINGS (LOSS) PER COMMON SHARE - BASIC $ 0.70 $ (0.63) $ (0.49)
EARNINGS (LOSS) PER COMMON SHARE - DILUTED $ 0.70 $ (0.63) $ (0.49)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC 119,005 130,839 133,451
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED 119,005 130,839 133,451