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Consolidated Statements of Operations - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES:        
Rental and other property income $ 12,897,000 $ 17,306,000 $ 41,416,000 $ 73,306,000
Hotel income $ 1,525,000 $ 7,734,000 $ 10,153,000 $ 27,087,000
Revenue, Product and Service [Extensible List] srt:HotelMember srt:HotelMember srt:HotelMember srt:HotelMember
Interest and other income $ 2,912,000 $ 4,175,000 $ 7,810,000 $ 12,955,000
REVENUES 17,334,000 29,215,000 59,379,000 113,348,000
EXPENSES:        
Rental and other property operating 8,822,000 13,286,000 28,829,000 49,197,000
Asset management and other fees to related parties           2,387,000 2,699,000 7,408,000 10,496,000
Interest 2,643,000 2,403,000 8,706,000 8,998,000
General and administrative 1,736,000 1,384,000 5,138,000 4,793,000
Transaction costs 0 340,000 0 600,000
Depreciation and amortization 5,273,000 5,180,000 15,728,000 21,995,000
Loss on early extinguishment of debt (Note 6) 281,000 0 281,000 29,982,000
Impairment of real estate (Note 3) 0 0 0 69,000,000
EXPENSES 22,682,000 26,574,000 70,737,000 198,720,000
Gain on sale of real estate (Note 3) 0 302,000 0 433,104,000
(LOSS) INCOME BEFORE (BENEFIT) PROVISION FOR INCOME TAXES (5,348,000) 2,943,000 (11,358,000) 347,732,000
(Benefit) provision for income taxes (18,000) 87,000 (731,000) 686,000
NET (LOSS) INCOME (5,330,000) 2,856,000 (10,627,000) 347,046,000
Net loss (income) attributable to noncontrolling interests 7,000 (8,000) 1,000 165,000
NET (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY (5,323,000) 2,848,000 (10,626,000) 347,211,000
Redeemable preferred stock dividends declared or accumulated (Note 9) (4,267,000) (4,470,000) (13,613,000) (12,934,000)
Redeemable preferred stock deemed dividends (Note 9) (87,000) 0 (300,000) 0
Redeemable preferred stock redemptions (Note 9) (1,000) 0 (67,000) (8,000)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (9,678,000) $ (1,622,000) $ (24,606,000) $ 334,269,000
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS PER SHARE: (1)        
Basic (in usd per share) [1] $ (0.65) $ (0.11) $ (1.67) $ 22.90
Diluted (in usd per share) [1] $ (0.65) $ (0.11) $ (1.67) $ 21.24
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING: (1)        
Basic (in shares) [1] 14,805 14,598 14,729 14,598
Diluted (in shares) [1] 14,805 14,599 14,729 15,825
Corporate        
EXPENSES:        
Expense reimbursements to related parties $ 639,000 $ 630,000 $ 2,066,000 $ 1,819,000
Lending Segment        
EXPENSES:        
Expense reimbursements to related parties $ 901,000 $ 652,000 $ 2,581,000 $ 1,840,000
[1] All share and per share amounts have been adjusted to give retroactive effect to the one-for-three reverse stock split of our common stock effected on September 3, 2019.