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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
REVENUE $ 44,406 $ 45,608
EXPENSES    
Property operating expenses, excluding real estate taxes 13,468 14,804
Real estate taxes 5,465 5,232
Property management expense 1,554 1,554
Casualty loss 327 641
Depreciation and amortization 18,160 18,111
General and administrative expenses 3,428 3,806
TOTAL EXPENSES 42,402 44,148
Operating income (loss) 2,004 1,460
Interest expense (6,911) (7,896)
Loss on extinguishment of debt 0 (2)
Interest and other income (2,777) 424
Income (loss) before gain (loss) on sale of real estate and other investments, gain (loss) on litigation settlement, and income (loss) from discontinued operations (7,684) (6,014)
Gain (loss) on sale of real estate and other investments 0 54
NET INCOME (LOSS) (7,684) (5,960)
Dividends to preferred unitholders (160) (57)
Net (income) loss attributable to noncontrolling interests – Operating Partnership 692 743
Net (income) loss attributable to noncontrolling interests – consolidated real estate entities 145 576
Net income (loss) attributable to controlling interests (7,007) (4,698)
Dividends to preferred shareholders (1,705) (1,705)
Discount on redemption of preferred shares 273 0
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ (8,439) $ (6,403)
BASIC    
NET EARNINGS (LOSS) PER COMMON SHARE - BASIC (in dollars per share) $ (0.69) $ (0.54)
DILUTED    
NET EARNINGS (LOSS) PER COMMON SHARE - DILUTED (in dollars per share) $ (0.67) $ (0.54)