CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Real estate, net	$ 166,997	$ 76,269
Cash and cash equivalents	15,155	15,273
Restricted cash	1,168	8,916
Investment in unconsolidated joint venture	12,053	12,533
Receivables, net	3,351	3,417
Deferred rents receivable	542	548
Prepaid expenses and other assets, net	5,588	4,059
Intangible assets, net	11,100	0
Total assets	215,954	121,015
LIABILITIES
Loans payable, net	109,922	36,167
Deferred real estate deposits	26,874	0
Accounts payable and accrued expenses	11,476	13,323
Pension liabilities	3,828	4,235
Secured line of credit	0	0
Total liabilities	152,100	53,725
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Preferred stock	0	0
Special stock, $0.01 par value; 1 share authorized, issued and outstanding at June 30, 2018 and December 31, 2017	0	0
Common stock, $0.01 par value; 79,999,997 shares authorized; 37,146,068 and 36,803,218 shares issued at June 30, 2018 and December 31, 2017, respectively; 31,638,042 and 31,451,796 shares outstanding at June 30, 2018 and December 31, 2017, respectively	371	368
Additional paid-in capital	131,915	130,897
Treasury stock (5,508,026 and 5,351,422 shares at June 30, 2018 and December 31, 2017, respectively)	(54,724)	(53,666)
Accumulated other comprehensive loss	(2,732)	(2,732)
Accumulated deficit	(10,976)	(7,577)
Total stockholders' equity	63,854	67,290
Total liabilities and stockholders' equity	215,954	121,015
Blank Check Preferred Stock [Member]
STOCKHOLDERS' EQUITY
Preferred stock	$ 0	$ 0