CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss attributable to common stockholders	$ (5,703)	$ (3,909)
Adjustments to reconcile net loss attributable to common stockholders to net cash used in operating activities:
Depreciation and amortization	1,837	394
Amortization of deferred finance costs	238	345
Write-off of costs relating to demolished asset	0	1,585
Stock-based compensation expense	970	922
Gain on sale of real estate	0	(3,853)
Deferred rents receivable	(18)	(34)
Equity in net loss from unconsolidated joint venture	492	804
Distribution from unconsolidated joint venture	260	344
Decrease (Increase) in operating assets:
Receivables, net	46	75
Prepaid expenses and other assets, net	(1,253)	(1,057)
Increase (decrease) in operating liabilities:
Accounts payable and accrued expenses	917	(886)
Pension liabilities	(1,080)	(1,069)
Net cash used in operating activities	(3,294)	(6,339)
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to real estate	(116,328)	(7,080)
Deferred real estate deposits	37,255	0
Net proceeds from the sale of real estate	0	15,232
Investment in unconsolidated joint venture	0	(69)
Net cash (used in) provided by investing activities	(79,073)	8,083
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from loans payable	78,263	0
Payment of finance costs	(1,804)	(702)
Settlement of stock awards	(1,076)	(2,574)
Proceeds from sale of common stock, net	0	40,561
Net cash provided by financing activities	75,383	37,285
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(6,984)	39,029
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	24,189	8,366
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	17,205	47,395
CASH AND CASH EQUIVALENTS, BEGINNING PERIOD	15,273	4,678
RESTRICTED CASH, BEGINNING OF PERIOD	8,916	3,688
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	24,189	8,366
CASH AND CASH EQUIVALENTS, END OF PERIOD	14,620	34,876
RESTRICTED CASH, END OF PERIOD	2,585	12,519
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	17,205	47,395
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for: Interest	3,921	1,810
Cash paid during the period for: Taxes	2	37
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accrued development costs included in accounts payable and accrued expenses	9,546	2,943
Capitalized amortization of deferred financing costs and lease commissions	1,251	178
Capitalized stock-based compensation expense	$ 511	$ 1,326