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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUE:        
Rental income $ 20,268 $ 10,613 $ 39,711 $ 17,966
Tenant reimbursement income 991 436 1,941 802
Other income 1,553 600 2,860 1,016
Total revenue 22,812 11,649 44,512 19,784
EXPENSES:        
Property operating expenses 10,611 5,585 20,749 9,573
General and administrative expenses 423 378 922 546
Asset management fees 1,260 501 2,472 647
Acquisition expenses 168 152 201 514
Depreciation and amortization 5,720 3,232 11,758 5,355
Total expenses 18,182 9,848 36,102 16,635
Operating income 4,630 1,801 8,410 3,149
Interest expense (4,277) (1,930) (8,299) (3,229)
Interest income   1 1 5
Gain (loss) on sale of assets       2,882
Net income (loss): 353 (128) 112 2,807
(Income) loss allocated to noncontrolling interest (16)   (8)  
Net income (loss) allocable to common shares $ 337 $ (128) $ 104 $ 2,807
Earnings (loss) per share:        
Basic $ 0.01 $ (0.01) $ 0.00 $ 0.17
Diluted $ 0.01 $ (0.01) $ 0.00 $ 0.17
Weighted-average shares:        
Basic 31,794,822 17,707,287 31,781,718 16,459,623
Diluted 33,066,770 17,707,287 33,060,578 16,484,357