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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUE:      
Rental and other property revenue $ 659,841 $ 627,414 $ 249,492
Other revenue 1,142 1,111 760
Total revenue 660,983 628,525 250,252
EXPENSES:      
Property operating expenses 244,330 232,275 93,252
Property management expenses 27,081 24,033 9,539
General and administrative expenses 22,766 26,260 18,610
Depreciation and amortization expense 218,968 252,849 76,909
Casualty losses (gains), net 925 (8,866) 359
Total expenses 514,070 526,551 198,669
Interest expense (89,921) (86,955) (36,401)
(Loss on impairment) gain on sale of real estate assets, net (66,547) 111,756 87,671
Loss on extinguishment of debt (124) 0 (10,261)
Merger and integration costs 0 (5,505) (47,063)
Other (loss) income, net (427) 1,558 0
Loss from investments in unconsolidated real estate entities (4,488) (2,169) 0
Restructuring costs (3,213) 0 0
Net (loss) income: (17,807) 120,659 45,529
Loss (income) allocated to noncontrolling interest 580 (3,410) (940)
Net (loss) income allocable to common shares $ (17,227) $ 117,249 $ 44,589
(Loss) earnings per share:      
Basic (in dollars per share) $ (0.08) $ 0.53 $ 0.41
Diluted (in dollars per share) $ (0.08) $ 0.53 $ 0.41
Weighted-average shares:      
Basic (in shares) 224,414,443 221,965,460 108,552,185
Diluted (in shares) 224,414,443 223,119,937 109,831,520