XML 19 R4.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Rental $ 120,080 $ 145,446 $ 163,739
Total revenues 120,112 145,707 165,615
Expenses:      
Real estate operating expenses 45,043 50,732 52,820
Real estate taxes and insurance 22,716 27,200 34,620
Depreciation and amortization 44,774 54,738 63,808
General and administrative 13,884 14,021 13,885
Interest 26,424 24,318 22,808
Total expenses 152,841 171,009 187,941
Loss on extinguishment of debt (1,042) (106) (78)
Gain on consolidation of Sponsored REIT   394  
Impairment and loan loss reserve     (4,237)
Gain (loss) on sale of properties and impairment of assets held for sale, net (20,826) (23,384) 27,939
Interest income 2,090 567  
Income (loss) before taxes (52,507) (47,831) 1,298
Tax expense 216 279 204
Net income (loss) $ (52,723) $ (48,110) $ 1,094
Weighted average number of shares outstanding, basic (in shares) 103,510,000 103,357,000 103,338,000
Weighted average number of shares outstanding, diluted (in shares) 103,510,000 103,357,000 103,338,000
Net income (loss) per share, basic (in dollars per share) $ (0.51) $ (0.47) $ 0.01
Net income (loss) per share, diluted (in dollars per share) $ (0.51) $ (0.47) $ 0.01
Rental      
Revenues:      
Rental $ 120,080 $ 145,446 $ 163,739
Related party revenue: Management fees and interest income from loans      
Revenues:      
Revenue     1,855
Other      
Revenues:      
Revenue $ 32 $ 261 $ 21