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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 8 Months Ended 12 Months Ended
Dec. 31, 2018
Dec. 31, 2020
Dec. 31, 2019
Apr. 30, 2018
Income Statement [Abstract]        
Total revenue $ 121,871 $ 177,994 $ 185,755 $ 169,745
EXPENSES        
Property operating expenses, excluding real estate taxes 37,198 51,625 57,249 54,292
Real estate taxes 13,521 21,533 21,066 18,742
Property management expense 3,663 5,801 6,186 5,526
Casualty loss 915 1,662 1,116 500
Depreciation and amortization 50,456 75,593 74,271 82,070
Impairment of real estate investments 1,221 0 0 18,065
General and administrative expenses 9,812 13,440 14,450 14,254
TOTAL EXPENSES 116,786 169,654 174,338 193,449
Operating income (loss) 5,085 8,340 11,417 (23,704)
Interest expense (21,359) (27,525) (30,537) (34,178)
Loss on extinguishment of debt (556) (23) (2,360) (940)
Interest and other income (loss) 1,233 (1,552) 2,092 1,508
Income (loss) before gain (loss) on sale of real estate and other investments, gain (loss) on litigation settlement, and income (loss) from discontinued operations (15,597) (20,760) (19,388) (57,314)
Gain (loss) on sale of real estate and other investments 9,707 25,503 97,624 20,120
Gain (loss) on litigation settlement 0 0 6,586 0
Income (loss) from continuing operations (5,890) 4,743 84,822 (37,194)
Income (loss) from discontinued operations 570 0 0 164,823
NET INCOME (LOSS) (5,320) 4,743 84,822 127,629
Dividends to preferred unitholders 0 (640) (537) 0
Net (income) loss attributable to noncontrolling interests – Operating Partnership 1,032 212 (6,752) (12,702)
Net (income) loss attributable to noncontrolling interests – consolidated real estate entities (110) 126 1,136 1,861
Net income (loss) attributable to controlling interests (4,398) 4,441 78,669 116,788
Dividends to preferred shareholders (4,547) (6,528) (6,821) (8,569)
Redemption of preferred shares 0 297 0  
Redemption of preferred shares       (3,657)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ (8,945) $ (1,790) $ 71,848 $ 104,562
BASIC        
Earnings (loss) per common share from continuing operations – basic (in dollars per share) $ (0.79) $ (0.15) $ 6.06 $ (3.54)
Earnings (loss) per common share from discontinued operations – basic (in dollars per share) 0.04 0 0 12.25
NET EARNINGS (LOSS) PER COMMON SHARE – BASIC & DILUTED (in dollars per share) (0.75) (0.15) 6.06 8.71
DILUTED        
Earnings (loss) per common share from continued operations – diluted (in dollars per share) (0.79) (0.15) 6.00 (3.54)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share 0.04 0 0 12.25
NET EARNINGS (LOSS) PER COMMON SHARE - DILUTED (in dollars per share) $ (0.75) $ (0.15) $ 6.00 $ 8.71