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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Rental revenues (including $931, $944 and $1,083 for 2022, 2021 and 2020, respectively, from related parties) $ 34,080 $ 37,808 $ 51,909
Other income 3,464 4,231 7,117
Total revenue 37,544 42,039 59,026
Expenses:      
Property operating expenses (including $433, $889 and $990 for 2022, 2021 and 2020, respectively, from related parties) 18,339 20,860 24,360
Depreciation and amortization 9,686 11,870 14,755
General and administrative (including $4,191, $4,399 and $3,869 for 2022, 2021 and 2020, respectively, from related parties) 10,033 15,942 10,614
Advisory fee to related party 8,753 13,985 9,409
Total operating expenses 46,811 62,657 59,138
Net operating loss (9,267) (20,618) (112)
Interest income (including $24,267, $19,799 and $19,515 for 2022, 2021 and 2020, respectively, from related parties) 35,226 23,421 23,098
Interest expense (including $8,667, $5,661 and $6,632 for 2022, 2021 and 2020, respectively, from related parties) (26,196) (29,080) (35,004)
Gain (loss) on foreign currency transactions 20,067 (6,175) (13,378)
Loss on early extinguishment of debt (2,805) (1,451) 0
Equity in income (loss) from unconsolidated joint ventures 469,268 14,634 (379)
Gain on sale, remeasurement or write down of assets 87,132 24,647 36,895
Income tax provision (98,108) 1,067 147
Net income 475,317 6,445 11,267
Net income attributable to noncontrolling interest (101,968) (3,098) (2,237)
Net income applicable to the Company $ 373,349 $ 3,347 $ 9,030
Earnings per share      
Basic (in dollars per share) $ 23.11 $ 0.21 $ 0.56
Diluted (in dollars per share) $ 23.11 $ 0.21 $ 0.56
Weighted average common shares used in computing earnings per share      
Basic (in shares) 16,152,043 16,152,043 16,045,796
Diluted (in shares) 16,152,043 16,152,043 16,045,796