CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
ASSETS
Real estate, net	$ 57,321	$ 42,638
Cash and cash equivalents	18,240	38,173
Restricted cash	7,146	3,600
Receivables, net	239	31
Deferred rents receivable	496	200
Prepaid expenses and other assets, net	1,821	1,929
Total assets	85,263	86,571
LIABILITIES
Loans payable, net	48,584	39,615
Accounts payable and accrued expenses	2,585	3,284
Pension liabilities	5,316	6,500
Liability related to stock-based compensation	0	5,140
Obligation to former Majority Shareholder	0	7,066
Total liabilities	56,485	61,605
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Preferred stock	0	0
Special stock, $0.01 par value; 1 share authorized, issued and outstanding at September 30, 2016 and December 31, 2015	0	0
Common stock, $0.01 par value; 79,999,997 shares authorized; 30,509,267 and 29,978,471 shares issued at September 30, 2016 and December 31, 2015, respectively; 25,493,521 and 25,240,878 shares outstanding at September 30, 2016 and December 31, 2015, respectively	305	300
Additional paid-in capital	84,769	74,455
Treasury stock (5,015,746 and 4,737,593 shares at September 30, 2016 and December 31, 2015, respectively)	(51,086)	(49,114)
Accumulated other comprehensive loss	(2,337)	(2,337)
(Accumulated deficit) retained earnings	(2,873)	1,662
Total stockholders' equity	28,778	24,966
Total liabilities and stockholders' equity	85,263	86,571
Preferred Stock One [Member]
STOCKHOLDERS' EQUITY
Preferred stock	$ 0	$ 0