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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUE:      
Rental and other property revenue $ 211,167 $ 202,620 $ 190,712
Other revenue 739 603 520
Total revenue 211,906 203,223 191,232
EXPENSES:      
Property operating expenses 82,978 $ 79,568 $ 76,363
Type of Cost, Good or Service [Extensible List]   us-gaap:AssetManagement1Member us-gaap:AssetManagement1Member
Property management expenses 8,494 $ 7,726 $ 6,963
General and administrative expenses 15,095 12,745 10,817
Depreciation and amortization expense 60,687 52,815 45,221
Abandoned deal costs 130    
Casualty losses 711 0 46
Total expenses 168,095 152,854 139,410
Interest expense (36,488) (39,226) (36,006)
Other income     144
Gain on sale (loss on impairment) of real estate assets, net 7,554 35,211 10,650
Net income: 14,877 46,354 26,610
Income allocated to noncontrolling interest (109) (458) (322)
Net income allocable to common shares $ 14,768 $ 45,896 $ 26,288
Earnings per share:      
Basic $ 0.16 $ 0.51 $ 0.30
Diluted $ 0.16 $ 0.51 $ 0.30
Weighted-average shares:      
Basic 93,660,086 89,799,238 87,086,585
Diluted 94,688,440 90,417,486 87,376,991