CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Real estate, net	$ 308,328	$ 293,226
Cash and cash equivalents	11,192	9,196
Restricted cash	14,629	9,474
Prepaid expenses and other assets, net	2,874	9,097
Investments in unconsolidated joint ventures	20,764	10,673
Receivables	1,841	1,836
Deferred rents receivable	21	6
Right-of-use asset	1,820	1,904
Intangible assets, net	9,727	9,912
Total assets	371,196	345,324
LIABILITIES
Loans payable, net	168,850	169,735
Corporate credit facility, net	29,250	0
Secured line of credit, net	5,245	5,236
Note payable	5,863	670
Deferred real estate deposits	86,364	82,856
Accounts payable and accrued expenses	15,474	22,243
Pension liabilities	924	1,033
Lease liability	1,979	2,065
Warrant liability	595	1,795
Total liabilities	314,544	285,633
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Preferred stock, value	0	0
Special stock, $0.01 par value; 1 share authorized, issued and outstanding at March 31, 2020 and December 31, 2019	0	0
Common stock, $0.01 par value; 79,999,997 shares authorized; 38,239,621 and 37,612,465 shares issued at March 31, 2020 and December 31, 2019, respectively; 32,237,528 and 31,881,961 shares outstanding at March 31, 2020 and December 31, 2019, respectively	382	376
Additional paid-in capital	135,095	134,217
Treasury stock (6,002,093 and 5,730,504 shares at March 31, 2020 and December 31, 2019, respectively)	(56,513)	(55,731)
Accumulated other comprehensive loss	(3,062)	(3,174)
Accumulated deficit	(19,250)	(15,997)
Total stockholders' equity	56,652	59,691
Total liabilities and stockholders' equity	371,196	345,324
Blank Check Preferred Stock [Member]
STOCKHOLDERS' EQUITY
Preferred stock, value	$ 0	$ 0