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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Rental revenues (including $159 and $232 for the three months ended September 30, 2024 and 2023, respectively, and $495 and $731 for the nine months ended September 30, 2024 and 2023, respectively, from related parties) $ 11,074 $ 11,838 $ 33,541 $ 34,236
Other income 533 688 1,738 2,217
Total revenue 11,607 12,526 35,279 36,453
Expenses:        
Property operating expenses (including $87 and $97 for the three months ended September 30, 2024 and 2023, respectively, and $253 and $296 for the nine months ended September 30, 2024 and 2023, respectively, from related parties) 6,989 7,443 20,247 20,580
Depreciation and amortization 3,120 3,313 9,429 9,615
General and administrative (including $899 and $856 for the three months ended September 30, 2024 and 2023, respectively, and $2,748 and $3,095 for the nine months ended September 30, 2024 and 2023, respectively, from related parties) 1,590 1,579 4,550 8,424
Advisory fee to related party 1,971 2,295 5,910 6,883
Total operating expenses 13,670 14,630 40,136 45,502
Net operating loss (2,063) (2,104) (4,857) (9,049)
Interest income (including $2,299 and $4,854 for the three months ended September 30, 2024 and 2023, respectively, and $6,872 and $14,165 for the nine months ended September 30, 2024 and 2023, respectively, from related parties) 5,506 9,008 16,033 25,201
Interest expense (2,123) (1,954) (5,958) (7,574)
Gain on foreign currency transactions 0 0 0 993
Loss on early extinguishment of debt 0 0 0 (1,710)
Equity in income from unconsolidated joint ventures 423 234 1,407 2,946
(Loss) gain on real estate transactions (23,400) (32) (23,400) 156
Income tax provision 4,641 (1,127) 3,552 (2,416)
Net (loss) income (17,016) 4,025 (13,223) 8,547
Net income attributable to noncontrolling interests (444) (1,037) (1,319) (2,456)
Net (loss) income attributable to common shares $ (17,460) $ 2,988 $ (14,542) $ 6,091
Earnings per share - basic and diluted        
Basic (in dollars per share) $ (1.08) $ 0.18 $ (0.90) $ 0.38
Diluted (in dollars per share) $ (1.08) $ 0.18 $ (0.90) $ 0.38
Weighted average common shares used in computing earnings per share        
Basic (in shares) 16,152,043 16,152,043 16,152,043 16,152,043
Diluted (in shares) 16,152,043 16,152,043 16,152,043 16,152,043