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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Rental revenues (including $882, $931 and $944 for 2023, 2022 and 2021, respectively, from related parties) $ 47,023 $ 34,080 $ 37,808
Other income 2,882 2,580 2,966
Total revenue 49,905 36,660 40,774
Expenses:      
Property operating expenses (including $366, $433 and $889 for 2023, 2022 and 2021, respectively, from related parties) 27,896 18,339 20,860
Depreciation and amortization 13,646 9,686 11,870
General and administrative (including $3,701, $3,899 and $4,091 for 2023, 2022 and 2021, respectively, from related parties) 9,199 9,943 12,425
Advisory fee to related party 9,156 7,974 11,782
Total operating expenses 59,897 45,942 56,937
Net operating loss (9,992) (9,282) (16,163)
Interest income (including $16,432, $16,714 and $14,329 for 2023, 2022 and 2021, respectively, from related parties) 30,020 24,248 17,951
Interest expense (9,291) (17,316) (22,979)
Gain (loss) on foreign currency transactions 993 20,067 (6,175)
Loss on early extinguishment of debt (1,710) (2,805) (1,451)
Equity in income from unconsolidated joint venture 1,060 468,086 14,531
(Loss) gain on sale, remeasurement or write down of assets, net (1,891) 89,196 23,352
Income tax provision (1,939) (103,190) 1,011
Net income 7,250 469,004 10,077
Net income attributable to noncontrolling interest (1,313) (742) (679)
Net income attributable to the Company $ 5,937 $ 468,262 $ 9,398
Earnings per share      
Basic (in dollars per share) $ 0.69 $ 54.20 $ 1.09
Diluted (in dollars per share) $ 0.69 $ 54.20 $ 1.09
Weighted average common shares used in computing earnings per share      
Basic (in shares) 8,639,316 8,639,316 8,639,316
Diluted (in shares) 8,639,316 8,639,316 8,639,316