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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUE      
Property rental $ 483,159 $ 491,738 $ 499,586
Third-party real estate services, including reimbursements 92,051 89,022 114,003
Other revenue 28,988 25,064 20,773
Total revenue 604,198 605,824 634,362
EXPENSES      
Depreciation and amortization 210,195 213,771 236,303
Property operating 144,049 150,004 150,638
Real estate taxes 57,668 62,167 70,823
General and administrative:      
Corporate and other 54,838 58,280 53,819
Third-party real estate services 88,948 94,529 107,159
Share-based compensation related to Formation Transaction and special equity awards 549 5,391 16,325
Transaction and other costs 8,737 5,511 10,429
Total expenses 564,984 589,653 645,496
OTHER INCOME (EXPENSE)      
Loss from unconsolidated real estate ventures, net (26,999) (17,429) (2,070)
Interest and other income, net 15,781 18,617 8,835
Interest expense (108,660) (75,930) (67,961)
Gain on the sale of real estate, net 79,335 161,894 11,290
Loss on the extinguishment of debt (450) (3,073)  
Impairment loss (90,226)   (25,144)
Total other income (expense) (131,219) 84,079 (75,050)
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT (92,005) 100,250 (86,184)
Income tax (expense) benefit 296 (1,264) (3,541)
NET INCOME (LOSS) (91,709) 98,986 (89,725)
Net (income) loss attributable to redeemable noncontrolling interests 10,596 (13,244) 8,728
Net (income) loss attributable to noncontrolling interests 1,135 (371) 1,740
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (79,978) $ 85,371 $ (79,257)
EARNINGS (LOSS) PER COMMON SHARE:      
EARNINGS (LOSS) PER COMMON SHARE - BASIC $ (0.78) $ 0.70 $ (0.63)
EARNINGS (LOSS) PER COMMON SHARE - DILUTED $ (0.78) $ 0.70 $ (0.63)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC 105,095 119,005 130,839
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED 105,095 119,005 130,839