CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Real estate, net	$ 294,536,000	$ 279,204,000
Cash and cash equivalents	4,310,000	6,515,000
Restricted cash	20,535,000	9,554,000
Prepaid expenses and other assets, net	4,126,000	2,703,000
Investments in unconsolidated joint ventures	17,938,000	19,379,000
Receivables	84,000	966,000
Deferred rents receivable	114,000	90,000
Right-of-use asset	1,314,000	1,565,000
Intangible assets, net	8,432,000	9,172,000
Total assets	351,389,000	329,148,000
LIABILITIES
Loans payable, net	219,249,000	197,330,000
Corporate credit facility, net	32,844,000	31,858,000
Secured line of credit, net	12,750,000	7,747,000
Note payable	5,863,000	5,863,000
Accounts payable and accrued expenses	17,864,000	15,896,000
Lease liability	1,447,000	1,716,000
Warrant liability	1,146,000	830,000
Total liabilities	291,163,000	261,240,000
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Special stock, $0.01 par value; 1 share authorized, issued and outstanding at December 31, 2021 and December 31, 2020	0	0
Common stock, $0.01 par value; 79,999,997 shares authorized; 43,024,424 and 38,345,540 shares issued at December 31, 2021 and December 31, 2020, respectively; 36,626,549 and 32,172,107 shares outstanding at December 31, 2021 and December 31, 2020, respectively	430,000	383,000
Additional paid-in capital	144,282,000	135,978,000
Treasury stock (6,397,875 and 6,173,433 shares at December 31, 2021 and December 31, 2020, respectively)	(57,166,000)	(56,791,000)
Accumulated other comprehensive loss	(1,343,000)	(2,159,000)
Accumulated deficit	(25,977,000)	(9,503,000)
Total stockholders' equity	60,226,000	67,908,000
Total liabilities and stockholders' equity	351,389,000	329,148,000
Blank Check Preferred Stock
STOCKHOLDERS' EQUITY
Preferred stock, value	0	0
Preferred Stock
STOCKHOLDERS' EQUITY
Preferred stock, value	$ 0	$ 0