Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues:
Rental	$ 244,349	$ 237,856	$ 243,341
Related party revenue:
Management fees and interest income from loans	5,465	5,930	6,241
Other	74	81	101
Total revenues	249,888	243,867	249,683
Expenses:
Real estate operating expenses	65,335	61,890	62,032
Real estate taxes and insurance	40,140	38,660	36,857
Depreciation and amortization	93,052	91,359	95,915
Selling, general and administrative	14,126	13,291	12,983
Interest	26,548	25,432	27,433
Total expenses	239,201	230,632	235,220
Income before interest income, equity in losses of non-consolidated REITs, other and gain (loss) on sale of properties, less applicable income tax and taxes	10,687	13,235	14,463
Interest income		1	3
Equity in losses of non-consolidated REITs	(831)	(1,451)	(1,760)
Other	1,878
Gain (loss) on sale of properties, less applicable income tax	(2,938)	23,662	940
Income before taxes on income	8,796	35,447	13,646
Taxes on income	418	433	498
Net income	$ 8,378	$ 35,014	$ 13,148
Weighted average number of shares outstanding, basic and diluted (in shares)	102,843,000	100,187,000	100,187,000
Net income per share, basic and diluted (in dollars per share)	$ 0.08	$ 0.35	$ 0.13

Revenue, comprised of base and incentive revenue derived from the management of joint ventures, managing third-party properties, or another entity's operations. Interest generated from day to day operating activities of the business. This element represents a revenue generating activity and is therefore gross (before any related cost of revenue items).

No definition available.