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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue        
Revenue, type [Extensible Enumeration] Real Estate [Member] Real Estate [Member] Real Estate [Member] Real Estate [Member]
Real estate rental revenue $ 42,499 $ 43,716 $ 124,403 $ 133,216
Expenses        
Property operating and maintenance 9,901 10,372 28,655 29,598
Real estate taxes and insurance 5,544 5,741 16,525 17,420
Property management 1,499 1,541 4,448 4,682
General and administrative 7,909 6,330 19,838 17,963
Transformation costs 1,016 0 4,796 0
Depreciation and amortization 18,252 18,064 52,542 52,683
Expenses 44,121 42,048 126,804 122,346
Loss on sale of real estate 0 0 0 (7,539)
Real estate operating (loss) income (1,622) 1,668 (2,401) 3,331
Other income (expense)        
Interest expense (8,106) (8,711) (28,387) (28,307)
Loss on interest rate derivatives (106) 0 (5,866) 0
(Loss) gain on extinguishment of debt (12,727) 0 (12,727) 262
Other income 231 0 3,037 0
Total other income (expense) (20,708) (8,711) (43,943) (28,045)
Loss from continuing operations (22,330) (7,043) (46,344) (24,714)
Discontinued operations:        
Income from operations of properties sold or held for sale 7,208 6,087 23,083 20,071
Gain (loss) on sale of real estate 46,441 0 46,441 0
Income from discontinued operations 53,649 6,087 69,524 20,071
Net income (loss) $ 31,319 $ (956) $ 23,180 $ (4,643)
Basic net (loss) income per common share:        
Continuing operations, basic (in dollars per share) $ (0.26) $ (0.09) $ (0.55) $ (0.31)
Discontinued operations, basic (in dollars per share) 0.63 0.07 0.82 0.24
Basic net income (loss) per common share (in dollars per share) [1] 0.37 (0.01) 0.27 (0.06)
Diluted net (loss) income per common share:        
Continuing operations, diluted (in dollars per share) (0.26) (0.09) (0.55) (0.31)
Discontinued operations, diluted (in dollars per share) 0.63 0.07 0.82 0.24
Diluted net income (loss) per common share (in dollars per share) [1] $ 0.37 $ (0.01) $ 0.27 $ (0.06)
Weighted average shares outstanding - basic (in shares) 84,496 82,186 84,457 82,142
Weighted average shares outstanding - diluted (in shares) 84,496 82,186 84,457 82,142
[1] Earnings per share may not sum due to rounding