CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Real estate, net	$ 64,009	$ 60,384
Cash and cash equivalents	26,679	4,678
Restricted cash	4,388	3,688
Investment in unconsolidated joint venture	13,676	13,939
Receivables, net	108	220
Deferred rents receivable	587	543
Prepaid expenses and other assets, net	2,227	2,149
Total assets	111,674	85,601
LIABILITIES
Loans payable, net	48,757	48,705
Secured lines of credit	0	0
Accounts payable and accrued expenses	2,956	2,935
Pension liabilities	5,733	5,936
Total liabilities	57,446	57,576
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Preferred stock	0	0
Special stock, $0.01 par value; 1 share authorized, issued and outstanding at March 31, 2017 and December 31, 2016	0	0
Common stock, $0.01 par value; 79,999,997 shares authorized; 34,444,293 and 30,679,566 shares issued at March 31, 2017 and December 31, 2016, respectively; 29,343,441 and 25,663,820 shares outstanding at March 31, 2017 and December 31, 2016, respectively	344	307
Additional paid-in capital	115,063	87,521
Treasury stock (5,100,852 and 5,015,746 shares at March 31, 2017 and December 31, 2016, respectively)	(51,781)	(51,086)
Accumulated other comprehensive loss	(3,161)	(3,161)
Accumulated deficit	(6,237)	(5,556)
Total stockholders' equity	54,228	28,025
Total liabilities and stockholders' equity	111,674	85,601
Blank Check Preferred Stock [Member]
STOCKHOLDERS' EQUITY
Preferred stock	$ 0	$ 0