CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2026 |
Sep. 30, 2025 |
Sep. 30, 2026 |
Sep. 30, 2025 |
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| Revenues from operations: | ||||
| Rental income | $ 4,471 | $ 24,203 | $ 20,559 | $ 86,315 |
| Fee and other income | 4,091 | 2,897 | 11,712 | 16,878 |
| Total revenue from operations | 8,562 | 27,100 | 32,271 | 103,193 |
| Rental operation expenses: | ||||
| Operating and maintenance | 1,712 | 5,505 | 8,781 | 19,094 |
| Real estate taxes | 647 | 3,895 | 3,462 | 13,306 |
| Impairment charges | 2,000 | 106,570 | 20,450 | 106,570 |
| General and administrative | 8,995 | 10,295 | 27,123 | 29,108 |
| Depreciation and amortization | 2,432 | 10,768 | 11,343 | 36,941 |
| Total rental operation expenses | 15,786 | 137,033 | 71,159 | 205,019 |
| Other income (expense): | ||||
| Interest expense | 0 | (3,941) | 0 | (14,707) |
| Interest income | 1,811 | 1,411 | 4,617 | 2,494 |
| Debt extinguishment costs | 0 | (576) | 0 | (1,080) |
| Other income (expense), net | (1,577) | (831) | (4,348) | (3,070) |
| Total other income (expense) | 234 | (3,937) | 269 | (16,363) |
| Loss before earnings from equity method investments and other items | (6,990) | (113,870) | (38,619) | (118,189) |
| Equity in net loss of joint ventures | (147) | (499) | (748) | (528) |
| Gain on sale of joint venture interests | 19,989 | 0 | ||
| Gain on disposition of real estate, net | 1,852 | 108,401 | 13,663 | 162,666 |
| (Loss) income before tax expense | (5,285) | (5,968) | (5,715) | 43,949 |
| Tax expense of taxable REIT subsidiary and state franchise and income taxes | (109) | (190) | (45) | (518) |
| Net (loss) income | $ (5,394) | $ (6,158) | $ (5,760) | $ 43,431 |
| Per share data: | ||||
| Basic: | $ (0.1) | $ (0.13) | $ (0.11) | $ 0.8 |
| Diluted: | $ (0.1) | $ (0.13) | $ (0.11) | $ 0.8 |
| Net (loss) income | $ (5,394) | $ (6,158) | $ (5,760) | $ 43,431 |
| Amount reclassified to earnings - cash flow hedges | 0 | (1,298) | 0 | (2,578) |
| Comprehensive (loss) income | $ (5,394) | $ (7,456) | $ (5,760) | $ 40,853 |
| X | ||||||||||
- Definition Fee and other income including revenue from contracts with customers. No definition available.
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| X | ||||||||||
- Definition Represents amount of gain (loss) on sale of interest in joint venture. No definition available.
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| X | ||||||||||
- Definition Gain on disposition of real estate, net. No definition available.
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| X | ||||||||||
- Definition Rental income. No definition available.
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| X | ||||||||||
- Definition Amount of impairment loss for asset. Includes, but is not limited to, tangible and intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Gross amount of debt extinguished. No definition available.
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| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of interest income earned from interest bearing assets classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount, after tax and reclassification, of gain (loss) from derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition A tax based on the assessed value of real estate by the local government. The tax is usually based on the value of property (including the land). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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