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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUE:        
Rental and other property revenue $ 54,001 $ 51,057 $ 157,244 $ 151,370
Other revenue 199 242 574 425
Total revenue 54,200 51,299 157,818 151,795
EXPENSES:        
Property operating expenses $ 22,129 $ 20,546 $ 62,840 $ 60,504
Type of Cost, Good or Service [Extensible List] us-gaap:AssetManagement1Member us-gaap:AssetManagement1Member us-gaap:AssetManagement1Member us-gaap:AssetManagement1Member
Property management expenses $ 2,078 $ 1,901 $ 6,311 $ 5,776
General and administrative expenses 2,912 3,113 11,862 9,758
Depreciation and amortization expense 15,232 13,434 45,291 38,602
Abandoned deal costs     130  
Casualty losses 0   411  
Total expenses 42,351 38,994 126,845 114,640
Interest expense (8,917) (9,783) (27,616) (29,353)
Gain on sale (loss on impairment) of real estate assets, net (1,840) 2,390 (1,840) 14,532
Net income: 1,092 4,912 1,517 22,334
Income allocated to noncontrolling interest (2) (49) (10) (222)
Net income allocable to common shares $ 1,090 $ 4,863 $ 1,507 $ 22,112
Earnings per share:        
Basic $ 0.01 $ 0.05 $ 0.02 $ 0.25
Diluted $ 0.01 $ 0.05 $ 0.02 $ 0.25
Weighted-average shares:        
Basic 94,456,987 90,027,540 93,261,757 89,513,834
Diluted 95,222,623 90,691,368 94,099,091 90,234,840