v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Revenue from tenants $ 86,285 $ 86,443
Operating expenses:    
Property operating and maintenance 52,918 57,856
Impairment charges 0 11,899
Acquisition and transaction related 53 51
General and administrative 5,467 4,896
Depreciation and amortization 17,738 23,706
Total expenses 76,176 98,408
Operating income (loss) before (loss) gain on sale of real estate investments 10,109 (11,965)
(Loss) gain on sale of real estate investments (2) 24,989
Operating income 10,107 13,024
Other income (expense):    
Interest expense (14,671) (14,529)
Interest and other income (expense), net 171 (15)
Gain (loss) on non-designated derivatives 189 (1)
Total other expenses, net (14,311) (14,545)
Loss before income taxes (4,204) (1,521)
Income tax (expense) benefit (77) 6
Net loss (4,281) (1,515)
Net income attributable to non-controlling interests (28) (54)
Allocation for preferred stock (3,294) (3,450)
Net loss attributable to common stockholders (7,603) (5,019)
Other comprehensive loss:    
Unrealized loss on designated derivatives (528) (4,994)
Comprehensive loss attributable to common stockholders $ (8,131) $ (10,013)
Weighted-average shares outstanding - Basic (in shares) [1] 28,336 28,296
Weighted-average shares outstanding - Diluted (in shares) [1] 28,336 28,296
Net loss per share attributable to common stockholders - Basic (in usd per share) [1] $ (0.27) $ (0.18)
Net loss per share attributable to common stockholders - Diluted (in usd per share) [1] $ (0.27) $ (0.18)
[1]
(1)     Potential common shares are not included in the computation of diluted earnings per share (“EPS”) when a net loss exists as the effect     would be an antidilutive per share amount.