CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss attributable to common stockholders	$ (7,266)	$ (5,703)
Adjustments to reconcile net loss attributable to common stockholders to net cash used in operating activities:
Depreciation and amortization	2,377	1,837
Amortization of deferred financing costs	0	238
Stock-based compensation expense	675	970
Deferred rents receivable	(33)	(18)
Equity in net loss from unconsolidated joint venture	626	492
Distribution from unconsolidated joint venture	33	260
Other non-cash adjustments - pension expense	346	0
(Increase) decrease in operating assets:
Receivables, net	(73)	46
Prepaid expenses and other assets, net	476	(1,253)
Increase (decrease) in operating liabilities:
Accounts payable and accrued expenses	1,088	917
Pension liabilities	(1,010)	(1,080)
Net cash used in operating activities	(2,761)	(3,294)
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to real estate	(71,484)	(116,328)
Deferred real estate deposits	30,664	37,255
Net cash used in investing activities	(40,820)	(79,073)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from loans	42,448	78,263
Proceeds from secured line of credit	5,037	0
Payment of finance costs	(148)	(1,804)
Settlement of stock awards	(765)	(1,076)
Net cash provided by financing activities	46,572	75,383
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	2,991	(6,984)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	14,025	24,189
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	17,016	17,205
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	11,496	15,273
RESTRICTED CASH, BEGINNING OF PERIOD	2,529	8,916
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	14,025	24,189
CASH AND CASH EQUIVALENTS, END OF PERIOD	5,705	14,620
RESTRICTED CASH, END OF PERIOD	11,311	2,585
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	17,016	17,205
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for: Interest	9,072	3,921
Cash paid during the period for: Taxes	312	2
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accrued development costs included in accounts payable and accrued expenses	10,864	9,546
Capitalized amortization of deferred financing costs and lease commissions	2,105	1,251
Capitalized stock-based compensation expense	362	511
Right of use asset	1,986	0
Lease liabilities	$ (2,149)	$ 0