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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Real estate, net $ 263,883 $ 293,226
Cash and cash equivalents 5,192 9,196
Restricted cash 12,972 9,474
Prepaid expenses and other assets, net 2,639 9,097
Investments in unconsolidated joint ventures 19,893 10,673
Receivables 1,017 1,836
Deferred rents receivable 67 6
Right-of-use asset 1,651 1,904
Intangible assets, net 9,357 9,912
Total assets 316,671 345,324
LIABILITIES    
Loans payable, net 185,951 169,735
Corporate credit facility, net 29,880 0
Secured line of credit, net 7,144 5,236
Note payable 5,863 670
Deferred real estate deposits 0 82,856
Accounts payable and accrued expenses 12,707 22,243
Pension liabilities 524 1,033
Lease liability 1,805 2,065
Warrant liability 465 1,795
Total liabilities 244,339 285,633
Commitments and Contingencies
STOCKHOLDERS' EQUITY    
Preferred stock, value 0 0
Special stock, $0.01 par value; 1 share authorized, issued and outstanding at September 30, 2020 and December 31, 2019 0 0
Common stock, $0.01 par value; 79,999,997 shares authorized; 38,326,367 and 37,612,465 shares issued at September 30, 2020 and December 31, 2019, respectively; 32,152,934 and 31,881,961 shares outstanding at September 30, 2020 and December 31, 2019, respectively 383 376
Additional paid-in capital 135,684 134,217
Treasury stock (6,173,433 and 5,730,504 shares at September 30, 2020 and December 31, 2019, respectively) (56,791) (55,731)
Accumulated other comprehensive loss (2,837) (3,174)
Retained earnings (accumulated deficit) (4,107) (15,997)
Total stockholders' equity 72,332 59,691
Total liabilities and stockholders' equity 316,671 345,324
Blank Check Preferred Stock [Member]    
STOCKHOLDERS' EQUITY    
Preferred stock, value $ 0 $ 0