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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 36,903 $ 40,836 $ 110,936 $ 124,404
Expenses:        
Real estate operating expenses 12,797 13,369 37,627 38,547
Real estate taxes and insurance 7,115 8,951 21,257 26,713
Depreciation and amortization 13,408 15,148 42,780 49,004
General and administrative 3,265 3,232 10,849 10,997
Interest 6,209 6,110 18,099 17,140
Total expenses 42,794 46,810 130,612 142,401
Loss on extinguishment of debt (39) (78) (106) (78)
Gain on consolidation of Sponsored REIT     394  
Impairment and loan loss reserve   717   1,857
(Gain) loss on sale of properties and impairment of assets held for sale, net (39,671) 24,077 (32,085) 24,077
Income (loss) before taxes (45,601) 17,308 (51,473) 4,145
Tax expense 70 62 212 167
Net loss (loss) $ (45,671) $ 17,246 $ (51,685) $ 3,978
Weighted average number of shares outstanding, basic 103,430 103,236 103,333 103,372
Weighted average number of shares outstanding, diluted 103,430 103,236 103,333 103,372
Net income (loss) per share, basic $ (0.44) $ 0.17 $ (0.50) $ 0.04
Net income (loss) per share, diluted $ (0.44) $ 0.17 $ (0.50) $ 0.04
Rental        
Revenues:        
Rental $ 36,903 $ 40,366 $ 110,927 $ 122,994
Related party revenue: Management fees and interest income from loans        
Revenues:        
Revenue   466   1,393
Related party revenue: Other        
Revenues:        
Revenue   $ 4 $ 9 $ 17