CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Real estate, net	$ 213,064	$ 76,269
Cash and cash equivalents	11,496	15,273
Restricted cash	2,529	8,916
Investment in unconsolidated joint venture	11,526	12,533
Receivables, net	3,413	3,417
Deferred rents receivable	584	548
Prepaid expenses and other assets, net	3,498	4,059
Intangible assets, net	10,652	0
Total assets	256,762	121,015
LIABILITIES
Loans payable, net	123,333	36,167
Deferred real estate deposits	49,247	0
Accounts payable and accrued expenses	20,983	13,323
Pension liabilities	3,738	4,235
Secured line of credit	0	0
Total liabilities	197,301	53,725
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Preferred stock	0	0
Special stock, $0.01 par value; 1 share authorized, issued and outstanding at December 31, 2018 and December 31, 2017	0	0
Common stock, $0.01 par value; 79,999,997 shares authorized; 37,161,068 and 36,803,218 shares issued at December 31, 2018 and December 31, 2017, respectively; 31,647,284 and 31,451,796 shares outstanding at December 31, 2018 and December 31, 2017, respectively	372	368
Additional paid-in capital	132,831	130,897
Treasury stock (5,513,784 and 5,351,422 shares at December 31, 2018 and December 31, 2017, respectively)	(54,758)	(53,666)
Accumulated other comprehensive loss	(3,518)	(2,732)
Accumulated deficit	(15,466)	(7,577)
Total stockholders' equity	59,461	67,290
Total liabilities and stockholders' equity	256,762	121,015
Blank Check Preferred Stock [Member]
STOCKHOLDERS' EQUITY
Preferred stock	$ 0	$ 0