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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES:      
Rental and other property income $ 252,994 $ 240,892 $ 223,304
Expense reimbursements 13,394 10,954 9,556
Interest and other income 2,039 4,307 2,953
REVENUES 268,427 256,153 235,813
EXPENSES:      
Rental and other property operating 133,178 126,874 105,163
Asset management and other fees to related parties 29,319 25,222 21,767
Interest 22,785 19,073 17,929
General and administrative 8,370 7,332 2,568
Transaction costs 1,382 1,563 5,063
Depreciation and amortization 72,361 69,047 68,644
EXPENSES 267,395 249,111 221,134
Bargain purchase gain (Note 2)   4,918  
Gain on sale of real estate (Note 4) 3,092    
INCOME FROM CONTINUING OPERATIONS 4,124 11,960 14,679
DISCONTINUED OPERATIONS:      
Income from operations of assets held for sale (Note 7) 15,128 12,638  
Gain on disposition of assets held for sale (Note 7) 5,151    
NET INCOME FROM DISCONTINUED OPERATIONS 20,279 12,638  
NET INCOME 24,403 24,598 14,679
Net income attributable to noncontrolling interests (11) (220) (213)
NET INCOME ATTRIBUTABLE TO STOCKHOLDERS $ 24,392 $ 24,378 $ 14,466
BASIC AND DILUTED INCOME PER SHARE:      
Continuing operations $ 0.04 $ 0.12 $ 0.15
Discontinued operations 0.21 0.13  
Net income $ 0.25 $ 0.25 $ 0.15
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING      
Basic (in shares) 97,588 97,173 95,440
Diluted (in shares) 97,588 97,176 95,440