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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUE:      
Rental income $ 137,416 $ 98,216 $ 44,834
Tenant reimbursement income 5,587 4,401 1,924
Other income 10,356 6,959 2,413
Property management 29    
Total revenue 153,388 109,576 49,171
EXPENSES:      
Property operating expenses 63,148 46,281 21,636
Property management expenses 4,847 3,674 1,759
General and administrative expenses 3,422 2,177 1,137
Asset management fees 7,442 5,613 1,736
Acquisition and integration expenses 43 13,555 1,842
Depreciation and amortization expense 34,824 28,094 12,520
Total expenses 113,726 99,394 40,630
Operating income 39,662 10,182 8,541
Interest expense (35,535) (23,553) (8,496)
Interest income (4) 19 17
Net gains (losses) on sale of assets 31,776 6,412  
TSRE financing extinguishment and employee separation expenses   (27,508)  
Gain (loss) on extinguishment of debt (1,210)    
Management internalization expense (44,976)    
Gains (losses) on TSRE merger and property acquisitions 732 64,604 2,882
Net income (loss): (9,555) 30,156 2,944
(Income) loss allocated to noncontrolling interest (246) (1,914) (4)
Net income (loss) allocable to common shares $ (9,801) $ 28,242 $ 2,940
Earnings (loss) per share:      
Basic $ (0.19) $ 0.78 $ 0.14
Diluted $ (0.19) $ 0.78 $ 0.14
Weighted-average shares:      
Basic 52,182,427 36,153,673 21,315,928
Diluted 52,182,427 36,160,274 21,532,671