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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenue from tenants $ 15,782 $ 16,231 $ 31,316 $ 31,877
Operating expenses:        
Asset and property management fees to related parties 1,988 1,785 3,872 3,707
Property operating 8,353 8,329 16,774 16,926
Impairments of real estate investments 200   151 0
Equity-based compensation 2,304 2,201 4,504 4,321
General and administrative 2,439 5,175 5,620 8,161
Depreciation and amortization 6,749 7,041 13,701 14,022
Total operating expenses 21,984 24,531 44,622 47,137
Operating loss (6,202) (8,300) (13,306) (15,260)
Other income (expense):        
Interest expense (4,707) (4,703) (9,370) (9,418)
Other income (expense) 10 2 19 (35)
Total other expense (4,697) (4,701) (9,351) (9,453)
Net loss and Net loss attributable to common stockholders (10,899) (13,001) (22,657) (24,713)
Other comprehensive income (loss):        
Change in unrealized (loss) gain on derivative (52) 622 (434) 2,372
Other comprehensive (loss) income (52) 622 (434) 2,372
Comprehensive loss $ (10,951) $ (12,379) $ (23,091) $ (22,341)
Weighted-average shares outstanding — basic (in shares) [1] 2,286,797 1,679,211 2,163,524 1,670,880
Weighted-average shares outstanding — diluted (in shares) [1] 2,286,797 1,679,211 2,163,524 1,670,880
Net loss per share attributable to common stockholders - basic (in dollars per share) [1] $ (4.77) $ (7.77) $ (10.47) $ (14.84)
Net loss per share attributable to common stockholders - diluted (in dollars per share) [1] $ (4.77) $ (7.77) $ (10.47) $ (14.84)
[1] (1) Retroactively adjusted for the effects of the Reverse Stock Split (see Note 1 — Organization to our consolidated financial statements in this Quarterly Report on Form 10-Q for more information).