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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUES:        
Rental and other property income $ 61,624 $ 63,171 $ 124,472 $ 126,569
Expense reimbursements 3,316 3,263 6,244 6,444
Interest and other income 498 485 1,112 1,145
REVENUES 65,438 66,919 131,828 134,158
EXPENSES:        
Rental and other property operating 32,299 32,985 63,577 65,694
Asset management and other fees to related parties 7,492 7,456 15,193 14,665
Interest 7,302 5,586 13,928 10,989
General and administrative 1,712 1,955 3,475 4,547
Transaction costs 118 373 267 801
Depreciation and amortization 18,480 17,566 36,538 36,694
EXPENSES 67,403 65,921 132,978 133,390
Gain on sale of real estate     24,739  
INCOME (LOSS) FROM CONTINUING OPERATIONS (1,965) 998 23,589 768
DISCONTINUED OPERATIONS:        
Income from operations of assets held for sale 2,823 3,984 4,252 6,946
NET INCOME FROM DISCONTINUED OPERATIONS 2,823 3,984 4,252 6,946
NET INCOME 858 4,982 27,841 7,714
Net income attributable to noncontrolling interests (9) (6) (12) (6)
NET INCOME ATTRIBUTABLE TO STOCKHOLDERS $ 849 $ 4,976 $ 27,829 $ 7,708
BASIC AND DILUTED INCOME (LOSS) PER SHARE:        
Continuing operations (in dollars per share) $ (0.02) $ 0.01 $ 0.24 $ 0.01
Discontinued operations (in dollars per share) 0.03 0.04 0.04 0.07
Net income (in dollars per share) $ 0.01 $ 0.05 $ 0.29 $ 0.08
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING        
Basic (in shares) 96,683 97,589 97,173 97,586
Diluted (in shares) 96,683 97,589 97,173 97,586