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Consolidated Statements of Operations - USD ($)
$ in Thousands
 2 Months Ended 10 Months Ended 12 Months Ended
Dec. 31, 2021
Oct. 31, 2021
Dec. 31, 2022
Dec. 31, 2020
REVENUES:        
Rental revenues $ 103,252 $ 450,922 $ 542,247 $ 554,064
Management, development and leasing fees 1,500 5,642 7,158 6,800
Other 4,094 11,465 13,606 14,997
Total revenues [1],[2] 108,846 468,029 563,011 575,861
EXPENSES:        
Property operating (15,258) (72,735) (92,126) (84,061)
Depreciation and amortization (49,504) (158,574) (256,310) (215,030)
Real estate taxes (9,598) (50,787) (57,119) (69,686)
Maintenance and repairs (7,581) (32,487) (42,485) (34,132)
General and administrative (9,175) (43,160) (67,215) (53,425)
Loss on impairment 0 (146,781) (252) (213,358)
Litigation settlement 118 932 304 7,855
Prepetition charges       (23,883)
Other (3) (745) (834) (953)
Total expenses (91,001) (504,337) (516,037) (686,673)
OTHER INCOME (EXPENSES):        
Interest and other income 510 2,055 4,938 6,396
Interest expense (195,488) (72,415) (217,342) (200,663)
Gain on extinguishment of debt     7,344 32,521
Gain on deconsolidation 19,126 55,131 36,250  
Loss on available-for-sale securities     (39)  
Gain (loss) on sales of real estate assets (3) 12,187 5,345 4,696
Reorganization items, net (1,403) (435,162) 298 (35,977)
Income tax (provision) benefit 5,885 (1,078) (3,079) (16,836)
Equity in earnings (losses) of unconsolidated affiliates 797 (10,823) 19,796 (14,854)
Total other expenses (170,576) (450,105) (146,489) (224,717)
Net loss (152,731) (486,413) (99,515) (335,529)
Net loss attributable to noncontrolling interests in:        
Operating Partnership   2,473 34 19,762
Other consolidated subsidiaries 1,186 13,313 5,999 20,683
Net loss attributable to the Company (151,545) (470,627) (93,482) (295,084)
Preferred dividends undeclared       (37,410)
Dividends allocable to unvested restricted stock     (2,537)  
Net loss attributable to common shareholders $ (151,545) $ (470,627) $ (96,019) $ (332,494)
Basic and diluted per share data attributable to common shareholders:        
Net loss attributable to common shareholders, basic $ (7.50) $ (2.39) $ (3.20) $ (1.75)
Net loss attributable to common shareholders, diluted [3] $ (7.50) $ (2.39) $ (3.20) $ (1.75)
Weighted-average common and potential dilutive common shares outstanding, basic 20,208 196,591 30,046 190,277
Weighted-average common and potential dilutive common shares outstanding, diluted [3] 20,208 196,591 30,046 190,277
[1] Management, development and leasing fees are included in the All Other category. See Note 3 for information on the Company’s revenues disaggregated by revenue source for each of the above segments.
[2] Sales taxes are excluded from revenues.
[3] Due to a net loss for the Successor year ended December 31, 2022, the computation of diluted EPS does not include contingently issuable shares due to their anti-dilutive nature. Had the Successor reported net income for the year ended December 31, 2022, the denominator for diluted EPS would have been 30,206,521, including 160,098 contingently issuable shares related to PSUs and unvested restricted stock awards. There were no potential dilutive common shares and there were no anti-dilutive shares for the Successor period from November 1, 2021 through December 31, 2021. There were no potential dilutive common shares and there were no anti-dilutive shares for the Predecessor period from January 1, 2021 through October 31, 2021 and for the Predecessor year ended December 31, 2020.