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QUARTERLY FINANCIAL DATA (Unaudited)
12 Months Ended
Dec. 31, 2023
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL DATA (Unaudited) QUARTERLY FINANCIAL DATA (Unaudited)
2023
1st Quarter
Jan - March
2nd Quarter
April - June
3rd Quarter
July - September
4th Quarter
Oct - Dec
Total
For Year
Revenues:
Rental and other revenue$22,939 $23,255 $23,510 $23,365 $93,069 
Other income— 63 342 143 548 
Total revenues22,939 23,318 23,852 23,508 93,617 
Expenses:
Real estate operating expenses10,434 10,548 10,583 10,256 41,821 
Interest expense5,483 5,513 5,581 5,584 22,161 
General and administrative4,055 3,848 4,017 3,513 15,433 
Depreciation8,008 7,543 6,544 6,389 28,484 
Total expenses27,980 27,452 26,725 25,742 107,899 
Total revenues less total expenses(5,041)(4,134)(2,873)(2,234)(14,282)
Equity in earnings of unconsolidated joint ventures815 464 426 588 2,293 
Equity in earnings from sale of unconsolidated joint venture properties— 14,744 — — 14,744 
Gain on sale of real estate— — 604 — 604 
Casualty loss— — — (323)(323)
Insurance recovery of casualty loss— 215 261 317 793 
Gain on insurance recoveries240 — — — 240 
Income (loss) income from continuing operations(3,986)11,289 (1,582)(1,652)4,069 
Provision for taxes76 51 (122)49 54 
Net (loss) income from continuing operations, net of taxes(4,062)11,238 (1,460)(1,701)4,015 
Income attributable to non-controlling interests(36)(36)(34)(36)(142)
Net (loss) income attributable to common stockholders$(4,098)$11,202 $(1,494)$(1,737)3,873 
Basic and diluted and per share amounts attributable to common stockholders
Basic (loss) income per share$(0.21)$0.59 $(0.08)$(0.11)$0.16 
Diluted (loss) income per share$(0.21)$0.58 $(0.08)$(0.11)$0.16 
NOTE 13—QUARTERLY FINANCIAL DATA (Unaudited) (Continued)
2022
1st Quarter
Jan - March
2nd Quarter
April - June
3rd Quarter
July - September
4th Quarter
Oct - Dec
Total
For Year
Revenues:
Rental and other revenue$11,430 $14,683 $21,691 $22,711 $70,515 
Other income— 12 
Total revenues11,434 14,685 21,697 22,711 70,527 
Expenses:
Real estate operating expenses4,753 6,348 9,195 10,262 30,558 
Interest expense2,021 2,912 5,061 5,520 15,514 
General and administrative3,633 3,533 3,673 3,815 14,654 
Impairment charge— — — — — 
Depreciation3,606 5,010 8,165 8,031 24,812 
Total expenses14,013 17,803 26,094 27,628 85,538 
Total revenues less total expenses(2,579)(3,118)(4,397)(4,917)(15,011)
Equity in earnings (loss) of unconsolidated joint ventures1,230 (50)135 580 1,895 
Equity in earnings from sale of unconsolidated joint venture properties12,961 40,098 11,472 — 64,531 
Gain on sale of real estate— — — 
Casualty loss— — — (850)(850)
Insurance recovery of casualty loss— — — 850 850 
Gain on insurance recoveries— — 62 — 62 
Loss on extinguishment of debt— (563)— — (563)
Income (loss) from continuing operations11,618 36,367 7,272 (4,337)50,920 
Provision (benefit) for taxes74 724 178 (155)821 
Income (loss) from continuing operations, net of taxes11,544 35,643 7,094 (4,182)50,099 
Income attributable to non-controlling interests(36)(36)(35)(37)(144)
Net income (loss) income attributable to common stockholders$11,508 $35,607 $7,059 $(4,219)49,955 
Basic and per share amounts attributable to common stockholders
Basic income (loss) per share$0.62 $1.91 $0.37 $(0.22)$2.67 
Diluted income (loss) per share$0.62 $1.91 $0.37 $(0.22)$2.66