CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019 USD ($)	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss attributable to common stockholders	$ (2,408)	$ (4,621)	$ (3,399)
Adjustments to reconcile net loss attributable to common stockholders to net cash used in operating activities:
Depreciation and amortization		1,777	644
Stock-based compensation expense		442	667
Deferred rents receivable		(32)	6
Equity in net loss from unconsolidated joint venture	186	407	256
Distribution from unconsolidated joint venture		33	224
Other non-cash adjustments - pension expense	115	231	0
Decrease (Increase) in operating assets:
Receivables, net		8	66
Prepaid expenses and other assets, net		496	(2,047)
Increase (decrease) in operating liabilities:
Accounts payable and accrued expenses		960	816
Pension liabilities		(407)	(407)
Net cash used in operating activities		(706)	(3,174)
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to real estate		(46,633)	(103,514)
Deferred real estate deposits		21,773	26,874
Net cash used in investing activities		(24,860)	(76,640)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from loans		27,922	74,750
Proceeds from secured line of credit		5,037	0
Payment of finance costs		(124)	(1,747)
Settlement of stock awards		(765)	(1,055)
Net cash provided by financing activities		32,070	71,948
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH		6,504	(7,866)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD		14,025	24,189
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	20,529	20,529	16,323
CASH AND CASH EQUIVALENTS, BEGINNING PERIOD		11,496	15,273
RESTRICTED CASH, BEGINNING OF PERIOD		2,529	8,916
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD		14,025	24,189
CASH AND CASH EQUIVALENTS, END OF PERIOD	9,048	9,048	15,155
RESTRICTED CASH, END OF PERIOD	11,481	11,481	1,168
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	20,529	20,529	16,323
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for: Interest		5,661	1,704
Cash paid during the period for: Taxes		262	2
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accrued development costs included in accounts payable and accrued expenses		16,011	7,512
Capitalized amortization of deferred financing costs and lease commissions		1,419	947
Capitalized stock-based compensation expense		241	351
Right of use asset	2,067	2,067	0
Lease liabilities	$ (2,233)	$ (2,233)	$ 0