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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUE        
Rental income $ 48,167 $ 45,584 $ 139,526 $ 136,737
Tenant reimbursements 15,881 12,023 47,813 45,741
Total revenue 64,048 57,607 187,339 182,478
EXPENSES        
Property operating 4,311 4,505 13,985 17,176
Real estate taxes 11,335 7,965 35,707 31,101
Depreciation and amortization 61,059 44,532 170,293 121,365
General and administrative 5,272 4,252 16,639 13,104
Litigation charge   19,000   19,000
Provision for doubtful accounts 68 124 119 269
Acquisition-related expenses       73
Total expenses 82,045 80,378 236,743 202,088
Operating loss (17,997) (22,771) (49,404) (19,610)
Equity in (loss) income of unconsolidated joint ventures (3,686) 1,497 (4,226) 4,495
Gain on sale of interest in unconsolidated joint venture 43,729   43,729  
Gain on sale of real estate 13,018   13,018  
Interest and other income 352 77 472 196
Interest expense (18,049) (15,931) (53,072) (47,297)
Unrealized loss on interest rate cap (91) (47) (686) (1,898)
Income (loss) before income taxes 17,276 (37,175) (50,169) (64,114)
Provision for income taxes   (72) (266) (412)
Net income (loss) 17,276 (37,247) (50,435) (64,526)
Net (income) loss attributable to non-controlling interests (6,762) 16,145 19,892 27,972
Net income (loss) attributable to common shareholders $ 10,514 $ (21,102) $ (30,543) $ (36,554)
Net income (loss) per share attributable to Class A and Class C common shareholders - Basic $ 0.31 $ (0.67) $ (0.91) $ (1.16)
Net income (loss) per share attributable to Class A and Class C common shareholders - Diluted $ 0.31 $ (0.67) $ (0.91) $ (1.16)
Weighted average Class A and Class C common shares outstanding - Basic 33,774 31,419 33,685 31,414
Weighted average Class A and Class C common shares outstanding - Diluted 33,841 31,419 33,685 31,414