CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
ASSETS
Real estate, net	$ 259,864	$ 213,064
Cash and cash equivalents	9,048	11,496
Restricted cash	11,481	2,529
Investment in unconsolidated joint venture	11,085	11,526
Receivables, net	3,405	3,413
Deferred rents receivable	616	584
Prepaid expenses and other assets, net	2,264	3,498
Right-of-use asset	2,067	0
Intangible assets, net	10,282	10,652
Total assets	310,112	256,762
LIABILITIES
Loans payable, net	152,289	123,333
Deferred real estate deposits	71,020	49,247
Accounts payable and accrued expenses	21,213	20,983
Pension liabilities	3,331	3,738
Secured line of credit	5,037	0
Lease liability	2,233	0
Total liabilities	255,123	197,301
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Preferred stock	0	0
Special stock, $0.01 par value; 1 share authorized, issued and outstanding at June 30, 2019 and December 31, 2018	0	0
Common stock, $0.01 par value; 79,999,997 shares authorized; 37,598,747 and 37,161,068 shares issued at June 30, 2019 and December 31, 2018, respectively; 31,899,997 and 31,647,284 shares outstanding at June 30, 2019 and December 31, 2018, respectively	376	372
Additional paid-in capital	133,514	132,831
Treasury stock (5,698,750 and 5,513,784 shares at June 30, 2019 and December 31, 2018, respectively)	(55,527)	(54,758)
Accumulated other comprehensive loss	(4,936)	(3,518)
Accumulated deficit	(18,438)	(15,466)
Total stockholders' equity	54,989	59,461
Total liabilities and stockholders' equity	310,112	256,762
Blank Check Preferred Stock [Member]
STOCKHOLDERS' EQUITY
Preferred stock	$ 0	$ 0