|
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
|
11 Months Ended |
|---|---|
|
Dec. 31, 2013
|
|
| Revenues: | |
| Rental income | $ 21,892,000 |
| Operating expense reimbursements | 2,397,000 |
| Total revenues | 24,289,000 |
| Operating expenses: | |
| Property operating | 2,794,000 |
| Acquisition and transaction related | 26,934,000 |
| General and administrative | 2,430,000 |
| Depreciation and amortization | 14,947,000 |
| Total operating expenses | 47,105,000 |
| Operating loss | (22,816,000) |
| Other income (expense): | |
| Interest expense | (485,000) |
| Interest income | 107,000 |
| Income from investment securities | 2,272,000 |
| Gain on sale of investment securities | 125,000 |
| Total other income, net | 2,019,000 |
| Net loss | (20,797,000) |
| Other comprehensive loss: | |
| Unrealized loss on investment securities | (6,981,000) |
| Comprehensive loss | $ (27,778,000) |
| Basic and diluted weighted-average shares outstanding | 28,954,769 |
| Basic and diluted net loss per share | $ (0.72) |