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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES        
TOTAL REVENUES $ 28,446 $ 27,300 $ 56,098 $ 54,168
OPERATING EXPENSES        
Property operating expenses 6,747 6,581 14,310 13,837
Real estate taxes and insurance 5,707 5,362 11,438 10,710
General and administrative 2,579 2,606 4,247 5,744
Depreciation and amortization 4,590 4,435 9,139 9,031
TOTAL OPERATING EXPENSES 19,623 18,984 39,134 39,322
INCOME FROM OPERATIONS 8,823 8,316 16,964 14,846
Interest expense, net (8,210) (8,008) (16,484) (16,551)
Loss on extinguishment of debt (1,771) (1,771) (6,981)
Net (loss) income (1,158) 308 (1,291) (8,686)
Net loss (income) attributable to non-controlling interests 691 (184) 770 5,180
Net (loss) income attributable to common stockholders $ (467) $ 124 $ (521) $ (3,506)
Basic and diluted net loss per share (in dollars per share) $ (0.03) $ 0 $ (0.04) $ (0.20)
Residential Rental [Member]        
REVENUES        
TOTAL REVENUES $ 21,146 $ 20,096 $ 41,918 $ 39,775
Commercial Real Estate [Member]        
REVENUES        
TOTAL REVENUES $ 7,300 $ 7,204 $ 14,180 $ 14,393