CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss) attributable to common stockholders	$ 11,890	$ (7,266)
Adjustments to reconcile net income (loss) attributable to common stockholders to net cash used in operating activities:
Depreciation and amortization and amortization of deferred finance costs	2,224	2,377
Stock-based compensation expense	602	675
Gain on sale of school condominium	(24,196)	0
Deferred rents receivable	(61)	(33)
Other non-cash adjustments - pension expense	337	346
Unrealized gain on warrants	(1,330)	0
Equity in net loss from unconsolidated joint ventures	1,302	626
Distribution from unconsolidated joint ventures	865	33
Decrease in operating assets:
Receivables	2,319	(73)
Prepaid expenses and other assets, net	355	476
(Decrease) increase in operating liabilities:
Accounts payable and accrued expenses	(807)	1,088
Pension liabilities	(509)	(1,010)
Net cash used in operating activities	(7,009)	(2,761)
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to real estate	(39,772)	(71,484)
Deferred real estate deposits of codominium	1,971	30,664
Investments in unconsolidated joint ventures	(10,575)	0
Net cash used in investing activities	(48,376)	(40,820)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from loans and corporate facility	69,740	42,448
Proceeds from secured line of credit	4,400	5,037
Payment of finance costs	(339)	(148)
Repayment of loans and secured line of credit	(17,868)	0
Settlement of stock awards	(695)	(765)
Stock buy-back	(359)	0
Net cash provided by financing activities	54,879	46,572
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(506)	2,991
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	18,670	14,025
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	18,164	17,016
CASH AND CASH EQUIVALENTS, BEGINNING PERIOD	9,196	11,496
RESTRICTED CASH, BEGINNING OF PERIOD	9,474	2,529
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	18,670	14,025
CASH AND CASH EQUIVALENTS, END OF PERIOD	5,192	5,705
RESTRICTED CASH, END OF PERIOD	12,972	11,311
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	18,164	17,016
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for: Interest	11,466	9,072
Cash paid during the period for: Taxes	196	312
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accrued development costs included in accounts payable and accrued expenses	7,246	10,864
Capitalized amortization of deferred financing costs and warrants	2,107	2,105
Capitalized stock-based compensation expense	267	362
Right-of-use asset	0	1,986
Lease liabilities	$ 0	$ (2,149)