CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Real estate, net	$ 64,651,000	$ 67,334,000
Residential condominium units for sale	202,999,000	216,983,000
Cash and cash equivalents	1,548,000	4,310,000
Restricted cash	20,507,000	20,535,000
Prepaid expenses and other assets, net	3,774,000	4,126,000
Investments in unconsolidated joint ventures	4,386,000	17,938,000
Receivables	262,000	84,000
Deferred rents receivable	163,000	114,000
Right-of-use asset	945,000	1,314,000
Intangible assets, net	7,692,000	8,432,000
Total assets	306,927,000	341,170,000
LIABILITIES
Loans payable, net	208,762,000	219,249,000
Corporate credit facility, net	34,429,000	32,844,000
Secured line of credit, net	9,750,000	12,750,000
Note payable	5,863,000	5,863,000
Accounts payable and accrued expenses	19,018,000	17,864,000
Pension liability	651,000	0
Lease liability	1,037,000	1,447,000
Warrant liability	76,000	1,146,000
Total liabilities	279,586,000	291,163,000
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Special stock, $0.01 par value; 1 share authorized, issued and outstanding at December 31, 2022 and December 31, 2021	0	0
Common stock, $0.01 par value; 79,999,997 shares authorized; 43,448,384 and 43,024,424 shares issued at December 31, 2022 and December 31, 2021, respectively; 36,907,862 and 36,626,549 shares outstanding at December 31, 2022 and December 31, 2021, respectively	435,000	430,000
Additional paid-in capital	144,879,000	144,282,000
Treasury stock (6,540,522 and 6,397,875 shares at December 31, 2022 and December 31, 2021, respectively)	(57,461,000)	(57,166,000)
Accumulated other comprehensive loss	(3,626,000)	(1,343,000)
Accumulated deficit	(56,886,000)	(36,196,000)
Total stockholders' equity	27,341,000	50,007,000
Total liabilities and stockholders' equity	306,927,000	341,170,000
Blank Check Preferred Stock
STOCKHOLDERS' EQUITY
Preferred Stock Value	0	0
Preferred Stock
STOCKHOLDERS' EQUITY
Preferred Stock Value	$ 0	$ 0