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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Schedule of Reconciliation of Net Operating Income of Reportable Segments | The following tables present revenues, net operating income, capital expenditures and total assets for the three and nine months ended September 30, 2021 and 2020 from our Residential segment as well as Other, and reconcile net operating income to net income (loss) as reported (in thousands):
| Three Months Ended September 30, 2021
| Residential |  | Other (1), (3) |  | Consolidated
Real estate rental revenue | 38,046 |  |  | 4,453 |  |  | $ | 42,499 |
Real estate expenses | 14,146 |  |  | 1,299 |  |  | 15,445 |
Net operating income | $ | 23,900 |  |  | $ | 3,154 |  |  | $ | 27,054 |
Other income (expense): |  |  |  |  |
Property management expenses |  |  |  |  | (1,499) |
General and administrative expenses |  |  |  |  | (7,909) |
Transformation costs |  |  |  |  | (1,016) |
Depreciation and amortization |  |  |  |  | (18,252) |
Interest expense |  |  |  |  | (8,106) |
Loss on interest rate derivatives |  |  |  |  | (106) |
Loss on extinguishment of debt |  |  |  |  | (12,727) |
Other income |  |  |  |  | 231 |
Discontinued operations: |  |  |  |  |
Income from operations of properties sold or held for sale |  |  |  |  | 7,208 |
Gain on sale of real estate, net |  |  |  |  | 46,441 |
Net income |  |  |  |  | $ | 31,319 |
Capital expenditures | $ | 7,283 |  |  | $ | 1,002 |  |  | $ | 8,285 |
Total assets | $ | 1,355,893 |  |  | $ | 496,917 |  |  | $ | 1,852,810 |
| Three Months Ended September 30, 2020
| Residential |  | Other (2), (3) |  | Consolidated
Real estate rental revenue | 36,292 |  |  | 7,424 |  |  | $ | 43,716 |
Real estate expenses | 13,660 |  |  | 2,453 |  |  | 16,113 |
Net operating income | $ | 22,632 |  |  | $ | 4,971 |  |  | $ | 27,603 |
Other income (expense): |  |  |  |  |
Property management expenses |  |  |  |  | (1,541) |
General and administrative expenses |  |  |  |  | (6,330) |
Depreciation and amortization |  |  |  |  | (18,064) |
Interest expense |  |  |  |  | (8,711) |
Discontinued operations: |  |  |  |  |
Income from operations of properties sold or held for sale |  |  |  |  | 6,087 |
Net loss |  |  |  |  | $ | (956) |
Capital expenditures | $ | 6,520 |  |  | $ | 6,590 |  |  | $ | 13,110 |
Total assets | $ | 1,338,812 |  |  | $ | 1,193,460 |  |  | $ | 2,532,272 |
| Nine Months Ended September 30, 2021
| Residential |  | Other (1), (3) |  | Consolidated
Real estate rental revenue | $ | 111,075 |  |  | $ | 13,328 |  |  | $ | 124,403 |
Real estate expenses | 41,440 |  |  | 3,740 |  |  | 45,180 |
Net operating income | $ | 69,635 |  |  | $ | 9,588 |  |  | $ | 79,223 |
Other income (expense): |  |  |  |  |
Property management expenses |  |  |  |  | (4,448) |
General and administrative expenses |  |  |  |  | (19,838) |
Transformation costs |  |  |  |  | (4,796) |
Depreciation and amortization |  |  |  |  | (52,542) |
Interest expense |  |  |  |  | (28,387) |
Loss on interest rate derivatives |  |  |  |  | (5,866) |
Loss on extinguishment of debt |  |  |  |  | (12,727) |
Other income |  |  |  |  | 3,037 |
Discontinued operations: |  |  |  |  |
Income from operations of properties sold or held for sale |  |  |  |  | 23,083 |
Gain on sale of real estate, net |  |  |  |  | 46,441 |
Net income |  |  |  |  | $ | 23,180 |
Capital expenditures | $ | 15,082 |  |  | $ | 3,604 |  |  | $ | 18,686 |
| Nine Months Ended September 30, 2020
| Residential |  | Other (2), (3) |  | Consolidated
Real estate rental revenue | $ | 108,942 |  |  | $ | 24,274 |  |  | $ | 133,216 |
Real estate expenses | 39,100 |  |  | 7,918 |  |  | 47,018 |
Net operating income | $ | 69,842 |  |  | $ | 16,356 |  |  | $ | 86,198 |
Other income (expense): |  |  |  |  |
Property management expenses |  |  |  |  | (4,682) |
General and administrative expenses |  |  |  |  | (17,963) |
Depreciation and amortization |  |  |  |  | (52,683) |
Loss on sale of real estate |  |  |  |  | (7,539) |
Interest expense |  |  |  |  | (28,307) |
Gain on extinguishment of debt |  |  |  |  | 262 |
Discontinued operations: |  |  |  |  |
Income from operations of properties sold or held for sale |  |  |  |  | 20,071 |
Net loss |  |  |  |  | $ | (4,643) |
Capital expenditures | $ | 15,477 |  |  | $ | 23,209 |  |  | $ | 38,686 |
______________________________ (1) Other represents Watergate 600, an office property that does not meet the qualitative or quantitative criteria for a reportable segment. (2) Other represents Watergate 600, an office property that does not meet the qualitative or quantitative criteria for a reportable segment and office properties sold during 2020: John Marshall II, Monument II and 1227 25th Street. (3) Total assets and capital expenditures include office and retail properties classified as discontinued operations.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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