CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net (loss) income	$ (19,732)	$ 1,693
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation	6,742	5,916
Amortization of deferred financing fees	280	311
Amortization of restricted stock	1,821	1,492
Impairment charge	3,642	0
Equity in loss of unconsolidated joint ventures	6,024	8,826
Equity in earnings on sale of real estate of unconsolidated ventures	0	(9,932)
Gain on sale of real estate	0	(10,618)
Loss on extinguishment of debt	0	1,387
Distributions from equity in earnings of unconsolidated joint ventures	0	7,442
Increases and decreases from changes in other assets and liabilities:
(Decrease) increase in accounts payable and accrued liabilities	(424)	3,766
Increase in other assets	(108)	(1,635)
Net cash (used in) provided by operating activities	(1,755)	8,648
Cash flows from investing activities:
Collections from real estate loans	150	600
Proceeds from the sale of mortgage loan	4,000	0
Net costs capitalized to real estate owned	(887)	(1,580)
Purchase of partner interests	0	(1,316)
Proceeds from the sale of real estate owned	0	33,588
Distributions from unconsolidated joint ventures	15,273	20,713
Contributions to unconsolidated joint ventures	(13,700)	(29,069)
Net cash provided by investing activities	4,836	22,936
Cash flows from financing activities:
Mortgage payoffs	0	(20,635)
Mortgage principal payments	(3,041)	(2,912)
Proceeds from credit facility	5,000	15,200
Repayment of credit facility	(5,000)	(15,200)
Increase in deferred financing costs	0	(84)
Dividends paid	(15,116)	(13,468)
Distributions to non-controlling interests	(118)	(1,257)
Proceeds from the sale of common stock	12,077	7,517
Repurchase of shares of common stock	(616)	(46)
Net cash used in financing activities	(6,814)	(30,885)
Net (decrease) increase in cash, cash equivalents and restricted cash	(3,733)	699
Cash, cash equivalents and restricted cash at beginning of year	32,418	31,719
Cash, cash equivalents and restricted cash at end of year	28,685	32,418
Supplemental disclosures of cash flow information:
Cash paid during the year for interest expense	6,886	7,511
Cash paid during the year for income and excise taxes	$ 291	$ 324