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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenues    
Rental income $ 38,990 $ 29,871
Total revenues 42,169 32,951
Operating Expenses    
Cost of services 1,928 1,917
Property operating 11,653 8,672
Depreciation and amortization 18,778 17,436
Impairment of real estate assets 973 0
Impairment of real estate assets held for sale 2,353 0
Bad debt expense 134 235
General and administrative 12,456 13,513
Total operating expenses 48,275 41,773
Gain on disposal of properties 11,486 0
Operating gain (loss) 5,380 (8,822)
Other income (expense)    
Net interest and other income 938 26
Derivative fair value adjustment (692) 2,638
Net gain (loss) on fair value change on debt held under the fair value option 2,344 (3,151)
Interest expense (18,504) (12,710)
Loss on extinguishment of debt (43) (59)
Other expense (68) (52)
Total other expense (16,025) (13,308)
Net loss before income taxes (10,645) (22,130)
Income tax benefit, net 3,628 5,857
Net loss (7,017) (16,273)
Less: Preferred equity return on Fortess preferred equity (14,641) (1,492)
Less: Preferred equity accretion to redemption value (3,247) 0
Less: Preferred OP units return (483) (48)
Plus: Net loss attributable to noncontrolling interest 3,924 2,522
Net loss attributable to common stockholders $ (21,464) $ (15,291)
Net loss attributable to common stockholders per share    
Net loss attributable to common stockholders per share, Basic $ (0.6) $ (0.47)
Net loss attributable to common stockholders per share, Diluted $ (0.6) $ (0.47)
Weighted average shares outstanding    
Weighted average shares outstanding, Basic 35,608,163 32,378,526
Weighted average shares outstanding, Diluted 35,608,163 32,378,526
Commissions [Member]    
Revenues    
Revenues $ 2,897 $ 2,523
Management and other income [Member]    
Revenues    
Revenues $ 282 $ 557