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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Rental property revenues $ 249,814 $ 196,244 $ 164,123
Fee income 8,347 7,297 12,519
Other 1,050 828 919
Total revenues 259,211 204,369 177,561
Costs and expenses:      
Rental property operating expenses 96,908 82,545 76,963
Reimbursed expenses 3,259 3,430 3,652
General and administrative expenses 25,592 16,918 19,784
Interest expense 26,650 22,735 20,983
Depreciation and amortization 97,948 71,625 62,258
Acquisition and merger costs 24,521 299 1,130
Other 5,888 1,181 3,729
Total costs and expenses 280,766 198,733 188,499
Loss on extinguishment of debt (5,180) 0 0
Income (loss) from continuing operations before benefit for income taxes, income from unconsolidated joint ventures, and gain on sale of investment properties (26,735) 5,636 (10,938)
Benefit for income taxes from operations 0 0 20
Income from unconsolidated joint ventures 10,562 8,302 11,268
Income (loss) from continuing operations before gain on sale of investment properties (16,173) 13,938 350
Gain on sale of investment properties 77,114 80,394 12,536
Income from continuing operations 60,941 94,332 12,886
Income (loss) from discontinued operations:      
Income from discontinued operations 19,163 31,848 20,764
Income (loss) on sale from discontinued operations 0 (551) 19,358
Income from discontinued operations 19,163 31,297 40,122
Net income 80,104 125,629 53,008
Net income attributable to noncontrolling interests (995) (111) (1,004)
Income from discontinued operations 79,109 125,518 52,004
Preferred share original issuance costs 0 0 (3,530)
Net income attributable to noncontrolling interests 0 0 (2,955)
Net income attributable to controlling interests $ 79,109 $ 125,518 $ 45,519
Per common share information — basic:      
Income from continuing operations for common stockholders (in usd per share) $ 0.24 $ 0.44 $ 0.02
Income from discontinued operations for common stockholders (in usd per share) 0.07 0.14 0.20
Net income available to common stockholders (in usd per share) 0.31 0.58 0.22
Per common share information — diluted:      
Income from continuing operations for common stockholders (in usd per share) 0.24 0.44 0.02
Income from discontinued operations for common stockholders (in usd per share) 0.07 0.14 0.20
Net income available to common stockholders (in usd per share) $ 0.31 $ 0.58 $ 0.22
Weighted average shares — basic 253,895 215,827 204,216
Weighted average shares — diluted 256,023 215,979 204,460
Dividends declared per common share (in usd per share) $ 0.24 $ 0.32 $ 0.3