CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2023	Dec. 31, 2022
ASSETS
Real estate, net	$ 63,990,000	$ 64,651,000
Residential condominium units for sale	194,858,000	202,999,000
Cash and cash equivalents	2,582,000	1,548,000
Restricted cash	16,169,000	20,507,000
Prepaid expenses and other assets, net	2,893,000	3,774,000
Investments in unconsolidated joint ventures		4,386,000
Receivables	261,000	262,000
Deferred rents receivable	183,000	163,000
Right-of-use asset	850,000	945,000
Intangible assets, net	7,507,000	7,692,000
Total assets	289,293,000	306,927,000
LIABILITIES
Loans payable, net	198,894,000	208,762,000
Corporate credit facility, net	34,676,000	34,429,000
Secured line of credit, net	11,750,000	9,750,000
Note payable		5,863,000
Accounts payable and accrued expenses	21,201,000	19,018,000
Pension liability	651,000	651,000
Lease liability	931,000	1,037,000
Warrant liability	10,000	76,000
Total liabilities	268,113,000	279,586,000
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Special stock, $0.01 par value; 1 share authorized, issued and outstanding at March 31, 2023 and December 31, 2022
Common stock, $0.01 par value; 79,999,997 shares authorized; 43,903,363 and 43,448,384 shares issued at March 31, 2023 and December 31, 2022, respectively; 37,163,137 and 36,907,862 shares outstanding at March 31, 2023 and December 31, 2022, respectively	439,000	435,000
Additional paid-in capital	144,980,000	144,879,000
Treasury stock (6,740,226 and 6,540,522 shares at March 31, 2023 and December 31, 2022, respectively)	(57,610,000)	(57,461,000)
Accumulated other comprehensive loss	(3,507,000)	(3,626,000)
Accumulated deficit	(63,122,000)	(56,886,000)
Total stockholders' equity	21,180,000	27,341,000
Total liabilities and stockholders' equity	289,293,000	306,927,000
Blank Check Preferred Stock
STOCKHOLDERS' EQUITY
Preferred Stock Value
Preferred Stock
STOCKHOLDERS' EQUITY
Preferred Stock Value