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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Investment property:    
Land and improvements $ 21,711 $ 21,662
Building and improvements 91,987 91,919
Furniture and fixtures 16,463 16,291
Construction in progress 47 115
Gross investment property 130,208 129,987
Less accumulated depreciation (32,438) (27,638)
Net investment property 97,770 102,349
Investments in unconsolidated affiliated real estate entities 21,755 23,545
Cash and cash equivalents 18,391 16,639
Marketable securities, available for sale 3,314 1,810
Accounts receivable and other assets 1,585 1,554
Total Assets 142,815 145,897
Liabilities and Stockholders’ Equity    
Accounts payable and other accrued expenses 2,960 2,942
Mortgages payable, net 60,814 60,691
Notes payable 1,869
Due to related parties 302 301
Total liabilities 64,076 65,803
Company’s stockholders’ equity:    
Preferred stock, $0.01 par value; 50.0 million shares authorized, none issued and outstanding
Common stock, $0.01 par value; 200.0 million shares authorized, 13.0 million and 13.1 million shares issued and outstanding, respectively 130 131
Additional paid-in-capital 111,585 112,581
Accumulated other comprehensive loss (250) (107)
Accumulated deficit (44,818) (44,603)
Total Company stockholders’ equity 66,647 68,002
Noncontrolling interests 12,092 12,092
Total Stockholders’ Equity 78,739 80,094
Total Liabilities and Stockholders’ Equity $ 142,815 $ 145,897