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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUE    
Property rental $ 101,499 $ 122,636
Third-party real estate services, including reimbursements 14,914 17,868
Other revenue 4,273 4,680
Total revenue 120,686 145,184
EXPENSES    
Depreciation and amortization 47,587 56,855
Property operating 33,437 35,279
Real estate taxes 12,172 13,795
General and administrative:    
Corporate and other 15,557 14,973
Third-party real estate services 16,071 22,327
Transaction and other costs 1,911 1,514
Total expenses 126,735 144,743
OTHER INCOME (EXPENSE)    
Income (loss) from unconsolidated real estate ventures, net (592) 975
Interest and other income, net 525 2,100
Interest expense (35,200) (30,160)
Gain on the sale of real estate, net 537 197
Loss on the extinguishment of debt (4,636)  
Impairment loss (8,483) (17,211)
Total other income (expense) (47,849) (44,099)
LOSS BEFORE INCOME TAX BENEFIT (53,898) (43,658)
Income tax benefit 200 1,468
NET LOSS (53,698) (42,190)
Net loss attributable to redeemable noncontrolling interests 7,978 4,534
Net loss attributable to noncontrolling interests   5,380
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (45,720) $ (32,276)
LOSS PER COMMON SHARE:    
LOSS PER COMMON SHARE - BASIC $ (0.56) $ (0.36)
LOSS PER COMMON SHARE - DILUTED $ (0.56) $ (0.36)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC 81,521 92,635
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED 81,521 92,635