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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Rental revenues (including $312 and $262 for the three months ended September 30, 2021 and 2020, respectively, and $867 and $808 for nine months ended September 30, 2021 and 2020, respectively, from related parties) $ 9,628 $ 11,454 $ 30,183 $ 34,461
Other income 866 483 3,242 5,347
Total revenue 10,494 11,937 33,425 39,808
Property operating expenses (including $178 and $254 for the three months ended September 30, 2021 and 2020, respectively, and $755 and $750 for nine months ended September 30, 2021 and 2020, respectively, from related parties) 5,610 6,388 16,500 18,507
Depreciation and amortization 2,935 3,526 9,473 10,338
General and administrative (including $1,017 and $1,094 for the three months ended September 30, 2021 and 2020, respectively, and $3,434 and $2,991 for nine months ended September 30, 2021 and 2020, respectively, from related parties) 3,698 1,997 12,799 7,958
Advisory fee to related party 3,419 2,329 11,594 7,055
Total operating expenses 15,662 14,240 50,366 43,858
Net operating loss (5,168) (2,303) (16,941) (4,050)
Interest income (including $5,053 and $4,812 for the three months ended September 30, 2021 and 2020, respectively, and $15,139 and $14,613 for the nine months ended September 30, 2021 and 2020, respectively, from related parties) 6,128 5,421 17,388 16,459
Interest expense (including $1,431 and $1,583 for the three months ended September 30, 2021 and 2020, respectively, and $4,199 and $5,040 for the nine months ended September 30, 2021 and 2020, respectively, from related parties) (7,057) (7,622) (22,476) (26,295)
(Loss) gain on foreign currency transactions     1,185 774
Loss on extinguishment of debt (1,451) 0 (1,451) 0
Equity in income (loss) from unconsolidated joint ventures 3,543 337 11,451 (642)
Gain on sale or write-down of assets, net 31,312 15,325 24,265 24,802
Income tax provision (605) (50) 1,196 (346)
Net income 25,063 9,638 14,617 10,702
Net income attributable to noncontrolling interests (5,652) (1,651) (4,466) (2,075)
Net income attributable to common shares $ 19,411 $ 7,987 $ 10,151 $ 8,627
Earnings per share - basic        
Basic (in dollars per share) $ 1.20 $ 0.50 $ 0.63 $ 0.54
Diluted (in dollars per share) $ 1.20 $ 0.50 $ 0.63 $ 0.54
Weighted average common shares used in computing earnings per share        
Basic (in shares) 16,152,043 15,997,076 16,152,043 15,997,076
Diluted (in shares) 16,152,043 15,997,076 16,152,043 15,997,076