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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES:      
Rental and other property income $ 241,413 $ 252,994 $ 240,892
Expense reimbursements 12,502 13,394 10,954
Interest and other income 12,016 10,560 10,981
REVENUES 265,931 276,948 262,827
EXPENSES:      
Rental and other property operating 124,703 133,178 126,874
Asset management and other fees to related parties 33,882 33,169 25,222
Interest 34,385 23,630 20,250
General and administrative 7,961 9,402 11,042
Transaction costs 340 1,382 1,563
Depreciation and amortization 71,968 72,361 69,047
EXPENSES 273,239 273,122 253,998
Bargain purchase gain 0 0 (4,918)
Gain on sale of real estate (Note 4) 39,666 3,092 0
INCOME FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME TAXES 32,358 6,918 13,747
Provision for income taxes 1,646 806 604
NET INCOME FROM CONTINUING OPERATIONS 30,712 6,112 13,143
DISCONTINUED OPERATIONS:      
Income from operations of assets held for sale (Note 8) 3,853 13,140 11,455
Gain on disposition of assets held for sale (Note 8) 0 5,151 0
NET INCOME FROM DISCONTINUED OPERATIONS 3,853 18,291 11,455
NET INCOME 34,565 24,403 24,598
Net income attributable to noncontrolling interests (18) (11) (220)
NET INCOME ATTRIBUTABLE TO THE COMPANY 34,547 24,392 24,378
Redeemable preferred stock dividends (Note 12) (9) 0 0
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 34,538 $ 24,392 $ 24,378
BASIC AND DILUTED NET INCOME AVAILABLE TO COMMON STOCKHOLDERS PER SHARE:      
Continuing operations $ 0.34 $ 0.06 $ 0.13
Discontinued operations 0.04 0.19 0.12
Net income (in usd per share) $ 0.38 $ 0.25 $ 0.25
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:      
Basic (in shares) 91,328 97,588 97,173
Diluted (in shares) 91,328 97,588 97,176