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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUES:        
Rental and other property income $ 34,900 $ 46,124 $ 68,697 $ 97,183
Hotel income 10,160 9,832 19,849 19,582
Expense reimbursements 3,351 2,526 4,960 5,556
Interest and other income 3,148 2,817 6,451 5,927
REVENUES 51,559 61,299 99,957 128,248
EXPENSES:        
Rental and other property operating 20,780 27,249 38,800 50,209
Asset management and other fees to related parties 6,143 7,863 12,354 16,563
Interest 6,811 9,513 13,444 19,286
General and administrative 1,915 1,647 5,291 3,326
Transaction costs (Note 15) 344 11,615 344 11,628
Depreciation and amortization 13,325 14,761 26,473 31,992
Impairment of real estate (Note 2) 0 13,100 0 13,100
EXPENSES 49,318 85,748 96,706 146,104
Gain on sale of real estate (Note 3) 0 116,283 0 304,017
INCOME BEFORE PROVISION FOR INCOME TAXES 2,241 91,834 3,251 286,161
Provision for income taxes 292 462 680 854
NET INCOME 1,949 91,372 2,571 285,307
Net income attributable to noncontrolling interests (12) (9) (16) (14)
NET INCOME ATTRIBUTABLE TO THE COMPANY 1,937 91,363 2,555 285,293
Redeemable preferred stock dividends accumulated (Note 10) (3,152) 0 (6,304) 0
Redeemable preferred stock dividends declared (Note 10) (662) (72) (1,155) (103)
Redeemable preferred stock redemptions (Note 10) 1 0 2 0
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (1,876) $ 91,291 $ (4,902) $ 285,190
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS PER SHARE:        
Basic (in usd per share) $ (0.04) $ 1.16 $ (0.11) $ 3.50
Diluted (in usd per share) $ (0.04) $ 1.16 $ (0.11) $ 3.50
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:        
Basic (in shares) 43,791 78,871 43,788 81,445
Diluted (in shares) 43,791 78,871 43,788 81,445