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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:      
Rental income $ 416,485 $ 459,872 $ 397,452
Expenses:      
Property operating expense 52,451 61,259 57,461
Property tax expense 37,317 41,248 37,590
Property management fees to non-affiliates 3,496 4,066 3,656
General and administrative expenses 39,893 40,479 38,633
Corporate operating expenses to affiliates 1,349 2,520 2,500
Impairment provision, real estate 127,577 4,242 23,472
Depreciation and amortization 190,745 209,638 161,056
Total expenses 452,828 363,452 324,368
Income before other income (expenses) (36,343) 96,420 73,084
Other income (expenses):      
Interest expense (84,816) (85,087) (79,646)
Debt breakage costs (13,249) 0 0
Other income, net (45) 1,521 3,228
Net loss from investment in unconsolidated entities (9,993) 8 (6,523)
(Loss) gain from disposition of assets (139,280) (326) 4,083
Impairment provision, goodwill (135,270) 0 0
Transaction expenses (22,386) (966) 0
Net (loss) income (441,382) 11,570 (5,774)
Distributions to redeemable preferred shareholders (10,063) (9,698) (8,708)
Net (income) loss attributable to noncontrolling interests 39,714 (66) 1,732
Net income (loss) attributable to controlling interest (411,731) 1,806 (12,750)
Distributions to redeemable noncontrolling interests attributable to common shareholders (178) (177) (208)
Net (loss) income attributable to common shareholders $ (411,909) $ 1,629 $ (12,958)
Net (loss) income attributable to common stockholders per share, basic (in usd per share) $ (11.41) $ 0.04 $ (0.52)
Net (loss) income attributable to common stockholders per share, diluted (in usd per share) $ (11.41) $ 0.04 $ (0.52)
Weighted average number of common shares outstanding - basic (in shares) 36,057,825 34,361,208 25,560,283
Weighted average number of common shares outstanding - diluted (in shares) 36,057,825 34,361,208 25,560,283