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RESTATEMENT OF PREVIOUSLY ISSUED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) - Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Nov. 23, 2019
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2021
Sep. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:                  
Net loss attributable to common stockholders   $ (3,608) $ (6,434) $ (7,419) $ (13,853) $ (17,461) $ (20,805) $ 4,333 [1] $ (5,292) [1]
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       1,261 2,944 4,214 5,524 4,168 4,157
Stock-based compensation expense       133 265 399 530 806 905
Gain on sale of school condominium             0 (24,196) [1] 0 [1]
Gain on sale of real estate $ 9,500           0 0 [1] (9,521) [1]
Gain on sale of school condominium                 (9,521)
Deferred rents receivable       (12) (16) (20) (24) (84) 578
Other non-cash adjustments - pension expense       119 238 356 816 1,015 1,992
Unrealized loss (gain) on warrants   (1,718) (67) 1,977 1,910 192 (73) (965) [1] 0 [1]
Equity in net loss from unconsolidated joint ventures     264 372 636 636 555 1,571 [1] 819 [1]
Distributions from unconsolidated joint ventures       194 425 686 885 1,110 33
Loan forgiveness         (243) (243)      
(Increase) decrease in operating assets:                  
Residential condominium units for sale       (11,672) (19,479) (25,371) (11,450) (46,473) (65,098)
Receivables       47 820 887 882 2,392 1,577
Prepaid expenses and other assets, net       (371) (97) (846) (257) 190 278
Increase (decrease) in operating liabilities:                  
Accounts payable and accrued expenses       1,294 3,559 5,775 3,467 1,285 1,649
Pension liabilities             (1,288) (1,033) (2,705)
Net cash used in operating activities       (14,077) (22,891) (30,796) (21,238) (55,881) (70,628)
CASH FLOWS FROM INVESTING ACTIVITIES:                  
Additions to real estate       (53) (56) (84) (140) (4,279) (24,816)
Net proceeds from the sale of real estate             0 0 18,812
Deferred real estate deposits of SCA condominium             0 0 33,609
Investments in unconsolidated joint ventures             0 (5,383) 0
Net (cash used in) provided by investing activities       (53) (56) (84) (140) (9,662) 27,605
CASH FLOWS FROM FINANCING ACTIVITIES:                  
Proceeds from loans and corporate credit facility       8,980 74,486 82,318 249,984 86,361 55,475
Proceeds from secured line of credit       1,200 1,200 4,200 8,200 5,000 7,250
Payment of finance costs       (21) (2,231) (2,442) (6,552) (1,497) (1,531)
Repayment of loans         (56,413) (56,413) (225,547) (23,368) (10,557)
Repayment of secured line of credit             (3,200) (2,500) (2,000)
Settlement of stock awards       (370) (369) (370) (370) (695) (772)
Stock buy-back             0 (359) (197)
Sale of common stock, net           167 7,639 0 0
Net cash provided by financing activities       9,789 16,673 27,460 30,154 62,942 47,668
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH       (4,341) (6,274) (3,420) 8,776 (2,601) 4,645
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD   9,795 11,728 16,069 16,069 16,069 16,069 18,670 14,025
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD   12,649 9,795 11,728 9,795 12,649 24,845 16,069 18,670
CASH AND CASH EQUIVALENTS, BEGINNING PERIOD   2,169 5,034 6,515 6,515 6,515 6,515 9,196 11,496
RESTRICTED CASH, BEGINNING OF PERIOD   7,626 6,694 9,554 9,554 9,554 9,554 9,474 2,529
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD   9,795 11,728 16,069 16,069 16,069 16,069 18,670 14,025
CASH AND CASH EQUIVALENTS, END OF PERIOD   917 2,169 5,034 2,169 917 4,310 6,515 9,196
RESTRICTED CASH, END OF PERIOD   11,732 7,626 6,694 7,626 11,732 20,535 9,554 9,474
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD   12,649 9,795 11,728 9,795 12,649 24,845 16,069 18,670
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:                  
Cash paid during the period for: Interest       4,130 8,564 13,329 16,042 15,495 12,631
Cash paid during the period for: Taxes       46 49 189 395 251 352
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:                  
Capitalized amortization of deferred financing costs and warrants       692 1,501 2,169 3,193 2,668 2,700
Capitalized stock-based compensation expense       37 70 97 122 299 401
Loan forgiveness             243 0 0
Investment in unconsolidated joint venture             0 5,193 0
Right-of-use asset             0 0 1,904
Lease liabilities             0 0 (2,065)
Warrant liability             0 0 (1,795)
Error Related to Classification of Real Estate Under Development | As Previously Reported                  
CASH FLOWS FROM OPERATING ACTIVITIES:                  
Net loss attributable to common stockholders   (1,032) (4,714) (6,589) (11,303) (12,335) (16,474) 6,494 (2,179)
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       908 2,246 3,122 3,998 2,970 2,977
Stock-based compensation expense       133 265 399 530 806 905
Gain on sale of school condominium               (24,196)  
Gain on sale of real estate                 (9,521)
Gain on sale of school condominium                 (9,521)
Deferred rents receivable       (12) (16) (20) (24) (84) 578
Other non-cash adjustments - pension expense       119 238 356 816 1,015 1,992
Unrealized loss (gain) on warrants   (1,718) (67) 1,977 1,910 192 (73) (965)  
Equity in net loss from unconsolidated joint ventures     264 372 636 636 555 1,571 819
Distributions from unconsolidated joint ventures       194 425 686 885 1,110 33
Loan forgiveness         (243) (243)      
(Increase) decrease in operating assets:                  
Residential condominium units for sale           (33) (321)    
Receivables       47 820 887 882 2,392 1,577
Prepaid expenses and other assets, net       (371) (97) (846) (257) 190 278
Increase (decrease) in operating liabilities:                  
Accounts payable and accrued expenses       1,294 3,559 5,775 3,467 (686) 1,649
Pension liabilities             (1,288) (1,033) (2,705)
Net cash used in operating activities       (1,928) (1,560) (1,424) (7,304) (10,416) (3,597)
CASH FLOWS FROM INVESTING ACTIVITIES:                  
Additions to real estate       (12,202) (21,387) (30,784) (36,349) (51,715) (91,847)
Net proceeds from the sale of real estate           1,328 22,275   18,812
Deferred real estate deposits of SCA condominium               1,971 33,609
Investments in unconsolidated joint ventures               (5,383)  
Net (cash used in) provided by investing activities       (12,202) (21,387) (29,456) (14,074) (55,127) (39,426)
CASH FLOWS FROM FINANCING ACTIVITIES:                  
Proceeds from loans and corporate credit facility       8,980 74,486 82,318 249,984 86,361 55,475
Proceeds from secured line of credit       1,200 1,200 4,200 8,200 5,000 7,250
Payment of finance costs       (21) (2,231) (2,442) (6,552) (1,497) (1,531)
Repayment of loans         (56,413) (56,413) (225,547) (23,368) (10,557)
Repayment of secured line of credit             (3,200) (2,500) (2,000)
Settlement of stock awards       (370) (369) (370) (370) (695) (772)
Stock buy-back               (359) (197)
Sale of common stock, net           167 7,639    
Net cash provided by financing activities       9,789 16,673 27,460 30,154 62,942 47,668
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH       (4,341) (6,274) (3,420) 8,776 (2,601) 4,645
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD   9,795 11,728 16,069 16,069 16,069 16,069 18,670 14,025
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD   12,649 9,795 11,728 9,795 12,649 24,845 16,069 18,670
CASH AND CASH EQUIVALENTS, BEGINNING PERIOD   2,169 5,034 6,515 6,515 6,515 6,515 9,196 11,496
RESTRICTED CASH, BEGINNING OF PERIOD   7,626 6,694 9,554 9,554 9,554 9,554 9,474 2,529
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD   9,795 11,728 16,069 16,069 16,069 16,069 18,670 14,025
CASH AND CASH EQUIVALENTS, END OF PERIOD   917 2,169 5,034 2,169 917 4,310 6,515 9,196
RESTRICTED CASH, END OF PERIOD   11,732 7,626 6,694 7,626 11,732 20,535 9,554 9,474
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD   12,649 9,795 11,728 9,795 12,649 24,845 16,069 18,670
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:                  
Cash paid during the period for: Interest       4,130 8,564 13,329 16,042 15,495 12,631
Cash paid during the period for: Taxes       46 49 189 395 251 352
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:                  
Accrued development costs included in accounts payable and accrued expenses       7,496 8,321 7,101 8,805 10,319 12,698
Capitalized amortization of deferred financing costs and warrants       760 1,629 2,406 3,580 2,727 2,739
Capitalized stock-based compensation expense       39 85 130 177 356 480
Loan forgiveness             243    
Investment in unconsolidated joint venture               5,193  
Right-of-use asset                 1,904
Lease liabilities                 (2,065)
Warrant liability                 (1,795)
Error Related to Classification of Real Estate Under Development | Revision/Restatement Impact                  
CASH FLOWS FROM OPERATING ACTIVITIES:                  
Net loss attributable to common stockholders   $ (2,576) $ (1,720) (830) (2,550) (5,126) (4,331) (2,161) (3,113)
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       353 698 1,092 1,526 1,198 1,180
(Increase) decrease in operating assets:                  
Residential condominium units for sale       (11,672) (19,479) (25,338) (11,129) (46,473) (65,098)
Increase (decrease) in operating liabilities:                  
Accounts payable and accrued expenses               1,971  
Net cash used in operating activities       (12,149) (21,331) (29,372) (13,934) (45,465) (67,031)
CASH FLOWS FROM INVESTING ACTIVITIES:                  
Additions to real estate       12,149 21,331 30,700 36,209 47,436 67,031
Net proceeds from the sale of real estate           (1,328) (22,275)    
Deferred real estate deposits of SCA condominium               (1,971)  
Net (cash used in) provided by investing activities       12,149 21,331 29,372 13,934 45,465 67,031
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:                  
Accrued development costs included in accounts payable and accrued expenses       (7,496) (8,321) (7,101) (8,805) (10,319) (12,698)
Capitalized amortization of deferred financing costs and warrants       (68) (128) (237) (387) (59) (39)
Capitalized stock-based compensation expense       $ (2) $ (15) $ (33) $ (55) $ (57) $ (79)
[1] Amounts are revised. See Note 3 for more information.