CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
ASSETS
Real estate, net	$ 86,328	$ 76,269
Cash and cash equivalents	24,806	15,273
Restricted cash	10,135	8,916
Investment in unconsolidated joint venture	12,343	12,533
Receivables, net	3,311	3,417
Deferred rents receivable	540	548
Prepaid expenses and other assets, net	3,982	4,059
Total assets	141,445	121,015
LIABILITIES
Loans payable, net	41,242	36,167
Deferred real estate deposits	20,580	0
Accounts payable and accrued expenses	9,863	13,323
Pension liabilities	4,031	4,235
Secured line of credit	0	0
Total liabilities	75,716	53,725
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Preferred stock	0	0
Special stock, $0.01 par value; 1 share authorized, issued and outstanding at March 31, 2018 and December 31, 2017	0	0
Common stock, $0.01 par value; 79,999,997 shares authorized; 36,984,753 and 36,803,218 shares issued at March 31, 2018 and December 31, 2017, respectively; 31,554,643 and 31,451,796 shares outstanding at March 31, 2018 and December 31, 2017, respectively	370	368
Additional paid-in capital	131,435	130,897
Treasury stock (5,430,110 and 5,351,422 shares at March 31, 2018 and December 31, 2017, respectively)	(54,209)	(53,666)
Accumulated other comprehensive loss	(2,732)	(2,732)
Accumulated deficit	(9,135)	(7,577)
Total stockholders' equity	65,729	67,290
Total liabilities and stockholders' equity	141,445	121,015
Blank Check Preferred Stock [Member]
STOCKHOLDERS' EQUITY
Preferred stock	$ 0	$ 0