CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income attributable to common stockholders	$ (11,303)	$ 17,282
Adjustments to reconcile net loss (income) attributable to common stockholders to net cash used in operating activities:
Depreciation and amortization and amortization of deferred finance costs	2,246	1,494
Stock-based compensation expense	265	398
Gain on sale of school condominium	0	(24,196)
Deferred rents receivable	(16)	(38)
Other non-cash adjustments - pension expense	238	225
Unrealized loss (gain) on warrants	1,910	(1,388)
Equity in net loss from unconsolidated joint ventures	636	1,126
Distribution from unconsolidated joint ventures	425	626
Loan forgiveness	(243)	0
Decrease (increase) in operating assets:
Receivables	820	0
Prepaid expenses and other assets, net	(97)	506
Increase (decrease) in operating liabilities:
Accounts payable and accrued expenses	3,559	(2,041)
Pension liabilities	0	(109)
Net cash used in operating activities	(1,560)	(6,115)
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to real estate	(21,387)	(29,213)
Deferred real estate deposits of condominiums	0	2,627
Investments in unconsolidated joint ventures	0	(10,575)
Net cash used in investing activities	(21,387)	(37,161)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from loans and corporate credit facility	74,486	61,478
Proceeds from secured line of credit	1,200	2,000
Payment of finance costs	(2,231)	(279)
Repayment of loan	(56,413)	(15,368)
Settlement of stock awards	(369)	(695)
Stock buy-back	0	(347)
Net cash provided by financing activities	16,673	46,789
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(6,274)	3,513
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	16,069	18,670
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	9,795	22,183
CASH AND CASH EQUIVALENTS, BEGINNING PERIOD	6,515	9,196
RESTRICTED CASH, BEGINNING OF PERIOD	9,554	9,474
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	16,069	18,670
CASH AND CASH EQUIVALENTS, END OF PERIOD	2,169	5,371
RESTRICTED CASH, END OF PERIOD	7,626	16,812
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	9,795	22,183
SUPPLEMENTAL DISCLOSURE OF CASH INVESTING AND FINANCING ACTIVITIES:
Cash paid during the period for: Interest	8,564	7,559
Cash paid during the period for: Taxes	49	147
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accrued development costs included in accounts payable and accrued expenses	8,321	6,175
Capitalized amortization of deferred financing costs and warrants	1,629	1,478
Capitalized stock-based compensation expense	$ 85	$ 176