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INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES - Statement of operations (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Rental revenues $ 5,502 $ 3,225 $ 1,563
Total revenues 42,984 27,265 1,826
Operating Expenses      
Property operating expenses 4,180 5,583 9,120
Real estate taxes 1,697 724 254
General and administrative 5,754 5,133 5,217
Total operating expenses 51,596 37,880 18,976
Operating (loss) income (8,612) (10,615) 7,046
Interest expense (15,701) (7,922) (1,540)
Interest expense - amortization of deferred finance costs (2,453) (1,521) (261)
Net (loss) income attributable to common stockholders (20,690) (20,805) 4,333
Unconsolidated Joint Ventures      
Operating Expenses      
Our equity in net (loss) income from unconsolidated joint ventures 5,294 (555) (1,571)
Unconsolidated Joint Ventures      
Revenues      
Rental revenues 11,383 12,679 12,747
Total revenues 11,383 12,679 12,747
Operating Expenses      
Property operating expenses 3,596 4,065 3,605
Real estate taxes 72 100 94
Amortization 1,974 2,479 5,676
Depreciation 3,032 3,937 3,833
Total operating expenses 8,674 10,581 13,208
Gain on sale of real estate 8,981    
Operating (loss) income 11,690 2,098 (461)
Gain on sale of interest rate swap 2,005    
Interest expense (3,138) (3,806) (3,780)
Interest expense - amortization of deferred finance costs (221) (289) (1,881)
Interest income (expense) - change in fair market value of interest rate swap 153 (153)  
Net (loss) income attributable to common stockholders $ 10,489 $ (2,150) $ (6,122)