CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
ASSETS
Real estate, net	$ 279,973	$ 213,064
Cash and cash equivalents	5,705	11,496
Restricted cash	11,311	2,529
Investment in unconsolidated joint venture	10,867	11,526
Receivables, net	3,486	3,413
Deferred rents receivable	617	584
Prepaid expenses and other assets, net	2,141	3,498
Right-of-use asset	1,986	0
Intangible assets, net	10,097	10,652
Total assets	326,183	256,762
LIABILITIES
Loans payable, net	167,346	123,333
Deferred real estate deposits	79,911	49,247
Accounts payable and accrued expenses	16,199	20,983
Pension liabilities	2,728	3,738
Secured line of credit	5,037	0
Lease liability	2,149	0
Total liabilities	273,370	197,301
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Preferred stock	0	0
Special stock, $0.01 par value; 1 share authorized, issued and outstanding at September 30, 2019 and December 31, 2018	0	0
Common stock, $0.01 par value; 79,999,997 shares authorized; 37,603,133 and 37,161,068 shares issued at September 30, 2019 and December 31, 2018, respectively; 31,904,383 and 31,647,284 shares outstanding at September 30, 2019 and December 31, 2018, respectively	376	372
Additional paid-in capital	133,867	132,831
Treasury stock (5,698,750 and 5,513,784 shares at September 30, 2019 and December 31, 2018, respectively)	(55,527)	(54,758)
Accumulated other comprehensive loss	(4,820)	(3,518)
Accumulated deficit	(21,083)	(15,466)
Total stockholders' equity	52,813	59,461
Total liabilities and stockholders' equity	326,183	256,762
Blank Check Preferred Stock [Member]
STOCKHOLDERS' EQUITY
Preferred stock	$ 0	$ 0