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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES:        
Rental property revenues $ 80,034 $ 37,100 $ 157,518 $ 70,224
Fee income 2,025 2,931 4,363 6,511
Other 2,446 2,490 4,347 4,049
Total consolidated revenues 84,505 42,521 166,228 80,784
COSTS AND EXPENSES:        
Rental property operating expenses 35,959 17,868 70,816 33,079
Reimbursed expenses 988 1,359 1,920 3,268
General and administrative expenses 5,756 4,552 11,366 10,622
Interest expense 6,970 4,241 14,137 9,176
Depreciation and amortization 35,135 14,928 69,274 26,176
Separation expenses 0 0 84 0
Acquisition and related costs 149 333 171 568
Other 877 731 1,370 2,186
Total costs and expenses 85,834 44,012 169,138 85,075
Loss from continuing operations before taxes, unconsolidated joint ventures, and sale of investment properties (1,329) (1,491) (2,910) (4,291)
Benefit (provision) for income taxes from operations 9 (1) 21 (2)
Income from unconsolidated joint ventures 2,027 1,132 3,313 2,784
Income (loss) from continuing operations before gain on sale of investment properties 707 (360) 424 (1,509)
Gain on sale of investment properties 1,327 406 1,488 57,560
Income from continuing operations 2,034 46 1,912 56,051
INCOME (LOSS) FROM DISCONTINUED OPERATIONS:        
Income from discontinued operations 566 687 1,457 1,470
Gain on sale from discontinued operations 14 86 6,379 204
Total income from discontinued operations 580 773 7,836 1,674
Net income 2,614 819 9,748 57,725
Net income attributable to noncontrolling interests (129) (515) (284) (1,022)
Net income attributable to controlling interests 2,485 304 9,464 56,703
Dividends to preferred stockholders (1,178) (3,227) (2,955) (6,454)
Preferred share original issuance costs (3,530) (2,656) (3,530) (2,656)
Net income (loss) available to common stockholders $ (2,223) $ (5,579) $ 2,979 $ 47,593
PER COMMON SHARE INFORMATION - BASIC AND DILUTED:        
Income (loss) from continuing operations attributable to controlling interest $ (0.01) $ (0.06) $ (0.02) $ 0.41
Income from discontinued operations $ 0.00 $ 0.01 $ 0.04 $ 0.02
Net income (loss) available to common stockholders $ (0.01) $ (0.05) $ 0.02 $ 0.43
Weighted average shares — basic 198,440 118,661 195,108 111,430
Weighted average shares — diluted 198,440 118,661 195,347 111,593
Common Stock, Dividends, Per Share, Declared $ 0.075 $ 0.045 $ 0.150 $ 0.090