CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
ASSETS
Real estate, net	$ 181,884	$ 76,269
Cash and cash equivalents	14,620	15,273
Restricted cash	2,585	8,916
Investment in unconsolidated joint venture	11,781	12,533
Receivables, net	3,371	3,417
Deferred rents receivable	566	548
Prepaid expenses and other assets, net	4,366	4,059
Intangible assets, net	10,837	0
Total assets	230,010	121,015
LIABILITIES
Loans payable, net	113,998	36,167
Deferred real estate deposits	37,255	0
Accounts payable and accrued expenses	13,610	13,323
Pension liabilities	3,155	4,235
Secured line of credit	0	0
Total liabilities	168,018	53,725
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Preferred stock	0	0
Special stock, $0.01 par value; 1 share authorized, issued and outstanding at September 30, 2018 and December 31, 2017	0	0
Common stock, $0.01 par value; 79,999,997 shares authorized; 37,156,068 and 36,803,218 shares issued at September 30, 2018 and December 31, 2017, respectively; 31,644,345 and 31,451,796 shares outstanding at September 30, 2018 and December 31, 2017, respectively	372	368
Additional paid-in capital	132,378	130,897
Treasury stock (5,511,723 and 5,351,422 shares at September 30, 2018 and December 31, 2017, respectively)	(54,746)	(53,666)
Accumulated other comprehensive loss	(2,732)	(2,732)
Accumulated deficit	(13,280)	(7,577)
Total stockholders' equity	61,992	67,290
Total liabilities and stockholders' equity	230,010	121,015
Blank Check Preferred Stock [Member]
STOCKHOLDERS' EQUITY
Preferred stock	$ 0	$ 0