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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Dec. 31, 2020
ASSETS        
Real estate, net $ 66,705 [1] $ 67,334 [1] $ 69,353  
Residential condominiums for sale 214,591 [1] 216,983 [1] 213,223  
Cash and cash equivalents [1] 1,381 4,310 5,034 $ 6,515
Restricted cash [1] 14,232 20,535 6,694 9,554
Prepaid expenses and other assets, net 5,007 [1] 4,126 [1] 3,343  
Investments in unconsolidated joint ventures 18,517 [1] 17,938 [1] 18,814  
Receivables 60 [1] 84 [1] 919  
Deferred rents receivable 118 [1] 114 [1] 102  
Right-of-use asset 1,224 [1] 1,314 [1] 1,478  
Intangible assets, net 8,247 [1] 8,432 [1] 8,987  
Total assets 330,082 [1] 341,170 [1] 327,947  
LIABILITIES        
Loans payable, net 210,768 [1] 219,249 [1] 207,317  
Corporate credit facility, net 33,090 [1] 32,844 [1] 32,104  
Secured line of credit, net 12,750 [1] 12,750 [1] 8,950  
Note payable 5,863 [1] 5,863 [1] 5,863  
Accounts payable and accrued expenses 19,876 [1] 17,864 [1] 14,368  
Lease liability 1,347 [1] 1,447 [1] 1,626  
Warrant liability 1,515 [1] 1,146 [1] 3,196  
Total liabilities 285,209 [1] 291,163 [1] 273,424  
Commitments and Contingencies [1] [1]  
STOCKHOLDERS' EQUITY        
Special stock, $0.01 par value; 1 share authorized, issued and outstanding at December 31, 2021 and December 31, 2020 [1]    
Common stock, $0.01 par value; 79,999,997 shares authorized; 43,387,563 and 43,024,424 shares issued at March 31, 2022 and December 31, 2021, respectively; 36,836,146 and 36,626,549 shares outstanding at March 31, 2022 and December 31, 2021, respectively 434 [1] 430 [1] 388  
Additional paid-in capital 144,451 [1] 144,282 [1] (136,151)  
Treasury stock (6,551,447 and 6,397,875 shares at March 31, 2022 and December 31, 2021, respectively) (57,461) [1] (57,166) [1] (57,166)  
Accumulated other comprehensive loss (1,224) [1] (1,343) [1] (2,040)  
Accumulated deficit (41,327) [1] (36,196) [1] (22,810)  
Total stockholders' equity 44,873 [1] 50,007 [1] 54,523 $ 62,020
Total liabilities and stockholders' equity 330,082 [1] 341,170 [1] $ 327,947  
Blank Check Preferred Stock        
STOCKHOLDERS' EQUITY        
Preferred stock, value [1]    
Preferred Stock        
STOCKHOLDERS' EQUITY        
Preferred stock, value [1]    
[1] Amounts are Restated. See Note 3 for more information.