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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Rental income and related revenues $ 6,800 $ 6,714
Resident fees and services 82,281 76,945
Total revenues 89,081 83,659
Operating expenses:    
Property operating expenses 60,632 57,867
General and administrative expenses 2,216 2,244
Depreciation and amortization 12,525 13,410
Total operating expenses 82,750 80,813
Operating income 6,331 2,846
Other income (expense):    
Interest and other income 359 1,066
Interest expense and loan cost amortization (11,595) (9,654)
Total other expense (11,236) (8,588)
Loss before income taxes (4,905) (5,742)
Income tax expense (115) (111)
Net loss (5,020) (5,853)
Less: Amounts attributable to noncontrolling interests 15 (2)
Net loss attributable to common stockholders $ (5,035) $ (5,851)
Net loss per share of common stock, basic (in dollars per share) $ (0.03) $ (0.03)
Net loss per share of common stock, diluted (in dollars per share) $ (0.03) $ (0.03)
Weighted average number of shares of common stock outstanding, basic (in shares) 173,942 173,960
Weighted average number of shares of common stock outstanding, diluted (in shares) 173,942 173,960
Asset management fees    
Operating expenses:    
Asset management fees/Property management fees $ 3,337 $ 3,476
Property management fees    
Operating expenses:    
Asset management fees/Property management fees $ 4,040 $ 3,816