Quarterly report pursuant to Section 13 or 15(d)

Segment Information - Financial Information by Segment (Details)

v3.21.2
Segment Information - Financial Information by Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Jun. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Segment Reporting Information [Line Items]            
Real estate rental revenue $ 42,499   $ 43,716 $ 124,403 $ 133,216  
Real estate expenses 15,445   16,113 45,180 47,018  
Net operating income 27,054   27,603 79,223 86,198  
Other income (expense):            
Property management expenses (1,499)   (1,541) (4,448) (4,682)  
General and administrative expenses (7,909)   (6,330) (19,838) (17,963)  
Transformation costs (1,016)   0 (4,796) 0  
Depreciation and amortization (18,252)   (18,064) (52,542) (52,683)  
Interest expense (8,106)   (8,711) (28,387) (28,307)  
Loss on interest rate derivatives (106) $ (5,800) 0 (5,866) 0  
Gain (loss) on extinguishment of debt (12,727)   0 (12,727) 262  
Other income 231   0 3,037 0  
Discontinued operations:            
Income from operations of properties sold or held for sale 7,208   6,087 23,083 20,071  
Gain (loss) on sale of real estate, net 0   0 0 (7,539)  
Net income (loss) 31,319   (956) 23,180 (4,643)  
Capital expenditures 8,285   13,110 18,686 38,686  
Total assets 1,852,810   2,532,272 1,852,810 2,532,272 $ 2,409,818
Corporate and Other            
Segment Reporting Information [Line Items]            
Real estate rental revenue 4,453   7,424 13,328 24,274  
Real estate expenses 1,299   2,453 3,740 7,918  
Net operating income 3,154   4,971 9,588 16,356  
Discontinued operations:            
Capital expenditures 1,002   6,590 3,604 23,209  
Total assets 496,917   1,193,460 496,917 1,193,460  
Residential            
Segment Reporting Information [Line Items]            
Real estate rental revenue 38,046   36,292 111,075 108,942  
Real estate expenses 14,146   13,660 41,440 39,100  
Net operating income 23,900   22,632 69,635 69,842  
Discontinued operations:            
Capital expenditures 7,283   6,520 15,082 15,477  
Total assets $ 1,355,893   $ 1,338,812 $ 1,355,893 $ 1,338,812