Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating revenues    
Rental revenue $ 16,585 $ 13,666
Tenant recovery revenue 551 369
Income from real estate and related assets held for sale 17,136 14,035
Operating expenses    
Depreciation and amortization 6,720 4,901
Property operating expenses 1,330 737
Acquisition related expenses 110 185
Base management fee 625 [1] 353 [1]
Incentive fee 1,240 [1] 931 [1]
Administration fee 492 [1] 362 [1]
General and administrative 466 389
Impairment charge 13,958  
Total operating expenses before credit to incentive fee 24,941 7,858
Credit to incentive fee (1,205) [1] (585) [1]
Total operating expenses 23,736 7,273
Other income (expense)    
Interest expense (6,275) (5,661)
Other income 47 18
Total other expense (6,914) (6,329)
Net (loss) income (13,514) 433
Distributions attributable to senior common stock (100) (53)
Net loss attributable to common stockholders (14,637) (643)
Earnings per weighted average share of common stock - basic & diluted $ (0.93) $ (0.06)
Weighted average shares of common stock outstanding - basic & diluted 15,746,714 11,230,647
Earnings per weighted average share of senior common stock $ 0.26 $ 0.26
Weighted average shares of senior common stock outstanding - basic 385,875 204,582
Series C Preferred Stock [Member]
    
Other income (expense)    
Distributions attributable to Series C mandatorily redeemable preferred stock (686) (686)
Series A and B Preferred Stock [Member]
    
Other income (expense)    
Distributions attributable to Series A and B preferred stock $ (1,023) $ (1,023)
[1] Refer to Note 2 "Related-Party Transactions"