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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Rental revenues (including $178 and $268 for the three months ended March 31, 2024 and 2023, respectively, from related parties) $ 11,279 $ 11,009
Other income 620 679
Total revenue 11,899 11,688
Expenses:    
Property operating expenses (including $80 and $100 for the three months ended March 31, 2024 and 2023, respectively, from related parties) 6,634 6,106
Depreciation and amortization 3,172 3,102
General and administrative (including $934 and $1,539 for the three months ended March 31, 2024 and 2023, respectively, from related parties) 1,408 3,161
Advisory fee to related party 2,202 2,405
Total operating expenses 13,416 14,774
Net operating loss (1,517) (3,086)
Interest income (including $2,298 and $4,603 for the three months ended March 31, 2024 and 2023, respectively, from related parties) 5,733 8,295
Interest expense (1,922) (3,140)
Gain on foreign currency transactions 0 971
Equity in income from unconsolidated joint ventures 483 2,419
Income tax provision (475) (1,240)
Net income 2,302 4,219
Net income attributable to noncontrolling interests (551) (1,241)
Net income attributable to common shares $ 1,751 $ 2,978
Earnings per share - basic and diluted    
Basic (in dollars per share) $ 0.11 $ 0.18
Diluted (in dollars per share) $ 0.11 $ 0.18
Weighted average common shares used in computing earnings per share    
Basic (in shares) 16,152,043 16,152,043
Diluted (in shares) 16,152,043 16,152,043