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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Rental income $ 9,511 $ 10,208
Total revenues 10,071 11,132
Operating Expenses    
Cost of services 421 556
Property operating 3,006 3,061
Depreciation and amortization 3,819 5,568
Impairment of real estate assets 110 0
Bad debt expense 142 42
General and administrative 3,480 3,530
Total operating expenses 10,978 12,757
Operating loss (907) (1,625)
Other income (expense)    
Interest and other income 217 13
Derivative fair value adjustment 889 (179)
Net gain on fair value change on debt held under the fair value option 2,343 3,235
Interest expense (4,333) (4,781)
Loss on extinguishment of debt (7) 0
Other expense (6) (6)
Total other expense (897) (1,718)
Net loss before income taxes (1,804) (3,343)
Income tax (expense) benefit (134) 1,683
Net loss (1,938) (1,660)
Less: Preferred equity return on Fortress preferred equity (3,022) (3,427)
Less: Preferred equity accretion to redemption value (1,379) (415)
Less: Preferred OP units return (139) (112)
Plus: Net loss attributable to noncontrolling interest 839 1,014
Net loss attributable to common stockholders $ (5,639) $ (4,600)
Net loss attributable to common stockholders per share    
Net loss attributable to common stockholders per share, Basic $ (0.16) $ (0.13)
Net loss attributable to common stockholders per share, Diluted $ (0.16) $ (0.13)
Weighted average shares outstanding    
Weighted average shares outstanding, Basic 35,875,326 35,374,216
Weighted average shares outstanding, Diluted 35,875,326 35,374,216
Commissions [Member]    
Revenues    
Revenues $ 502 $ 856
Management Fees And Other Income [Member]    
Revenues    
Revenues $ 58 $ 68