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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Rental revenues (including $944, $1,083 and $841 for 2021, 2020 and 2019, respectively, from related parties) $ 37,808 $ 51,909 $ 46,231
Other income 2,966 5,113 1,823
Total revenue 40,774 57,022 48,054
Expenses:      
Property operating expenses (including $889, $990 and $991 for 2021, 2020 and 2019, respectively, from related parties) 20,860 24,360 25,213
Depreciation and amortization 11,870 14,755 13,379
General and administrative (including $4,091, $3,869 and $4,144 for 2021, 2020 and 2019, respectively, from related parties) 12,425 9,287 8,704
Advisory fee to related party 11,782 8,648 8,410
Total operating expenses 56,937 57,050 55,706
Net operating loss (16,163) (28) (7,652)
Interest income (including $15,950, $19,515 and $17,413 for 2021, 2020 and 2019, respectively, from related parties) 19,572 18,660 19,607
Interest expense (including $1,621, $1,581 and $1,999 for 2021, 2020 and 2019, respectively, from related parties) (24,600) (29,374) (31,816)
Loss on foreign currency transactions (6,175) (13,378) (15,108)
Loss on extinguishment of debt (1,451) 0 (5,219)
Equity in income (loss) from unconsolidated joint ventures 14,531 (519) (2,758)
Gain on sale or write-down of assets, net 23,352 32,107 14,809
Income tax provision 1,011 (4) 2,000
Net income (loss) 10,077 7,464 (26,137)
Net income attributable to noncontrolling interest (679) (795) (783)
Net income (loss) attributable to the Company $ 9,398 $ 6,669 $ (26,920)
Earnings per share - basic      
Earnings per share, basic (in dollars per share) $ 1.09 $ 0.77 $ (3.09)
Earnings per share, diluted (in dollars per share) $ 1.09 $ 0.77 $ (3.09)
Weighted average common shares used in computing earnings per share      
Weighted average common shares used in computing earnings per share, basic (in shares) 8,639,316 8,639,316 8,717,767
Weighted average common shares used in computing earnings per share, diluted (in shares) 8,639,316 8,639,316 8,717,767