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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES:        
Rental and other property income $ 34,782 $ 37,299 $ 103,479 $ 134,482
Hotel income 7,715 7,749 27,564 27,331
Expense reimbursements 2,129 4,717 7,089 10,273
Interest and other income 3,014 5,619 9,465 11,546
REVENUES 47,640 55,384 147,597 183,632
EXPENSES:        
Rental and other property operating 20,438 26,058 59,238 76,267
Asset management and other fees to related parties 6,121 6,896 18,475 23,459
Interest 6,965 9,359 20,409 28,645
General and administrative 1,205 1,342 6,496 4,668
Transaction costs (Note 15) 15 242 359 11,870
Depreciation and amortization 13,310 13,472 39,783 45,464
Impairment of real estate (Note 2) 0 0 0 13,100
EXPENSES 48,054 57,369 144,760 203,473
Gain on sale of real estate (Note 3) 0 74,715 0 378,732
(LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES (414) 72,730 2,837 358,891
Provision for income taxes 115 339 795 1,193
NET (LOSS) INCOME (529) 72,391 2,042 357,698
Net loss (income) attributable to noncontrolling interests 1 4 (15) (10)
NET (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY (528) 72,395 2,027 357,688
Redeemable preferred stock dividends accumulated (Note 10) (3,152) 0 (9,456) 0
Redeemable preferred stock dividends declared (Note 10) (769) (138) (1,924) (241)
Redeemable preferred stock redemptions (Note 10) 1 0 3 0
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (4,448) $ 72,257 $ (9,350) $ 357,447
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS PER SHARE:        
Basic (in usd per share) $ (0.10) $ 1.25 $ (0.21) $ 4.86
Diluted (in usd per share) $ (0.10) $ 1.25 $ (0.21) $ 4.86
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:        
Basic (in shares) 43,795 57,876 43,791 73,503
Diluted (in shares) 43,795 57,876 43,791 73,503