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Combined Guarantor Subsidiaries - Combined Statements of Operations - Guarantor Subsidiaries - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES:      
Rental revenues $ 277,452,000 [1] $ 311,804,000 [1] $ 343,527,000
Other 7,538,000 7,121,000 530,000
Total revenues 284,990,000 [2] 318,925,000 [2] 344,057,000
OPERATING EXPENSES:      
Property operating (43,193,000) (46,733,000) (49,215,000)
Depreciation and amortization (94,221,000) (97,929,000) (106,836,000)
Real estate taxes (25,535,000) (28,217,000) (28,124,000)
Maintenance and repairs (17,722,000) (17,730,000) (18,073,000)
Loss on impairment (60,170,000) 0 (43,007,000)
Other (640,000) (41,000) (8,000)
Total operating expenses (241,481,000) (190,650,000) (245,263,000)
OTHER INCOME (EXPENSES):      
Interest and other income 4,078,000 7,038,000 5,485,000
Interest expense (15,246,000) (24,668,000) (39,419,000)
Gain on extinguishment of debt 61,796,000 0 28,815,000
Gain on sales of real estate assets 22,000 2,406,000 38,247,000
Total other income (expenses) 50,650,000 (15,224,000) 33,128,000
Net income $ 94,159,000 $ 113,051,000 $ 131,922,000
[1] Revenues from leases that commenced subsequent to December 31, 2018 are accounted for in accordance with ASC 842, Leases , whereas all leases existing prior to that date are accounted for in accordance with ASC 840, Leases . See Note 4 .
[2] Sales taxes are excluded from revenues.