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Investments in Unconsolidated Joint Ventures - Balance sheet (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2022
Dec. 31, 2021
ASSETS        
Real estate, net $ 63,312 $ 64,651    
Cash and cash equivalents 4,395 1,548 $ 3,112 $ 4,310
Restricted cash 11,020 20,507 $ 13,279 $ 20,535
Prepaid expenses and other assets, net 1,882 3,774    
Intangible assets, net 7,322 7,692    
Total assets 281,764 306,927    
LIABILITIES        
Accounts payable and accrued expenses 24,559 19,018    
Total liabilities 271,270 279,586    
STOCKHOLDERS' EQUITY        
Accumulated deficit (74,042) (56,886)    
Total liabilities and stockholders' equity $ 281,764 306,927    
Our investments in unconsolidated joint ventures   4,386    
Unconsolidated Joint Ventures        
ASSETS        
Real estate, net   113,571    
Cash and cash equivalents   1,345    
Restricted cash   731    
Tenant and other receivables, net   197    
Prepaid expenses and other assets, net   2,185    
Intangible assets, net   9,047    
Total assets   127,076    
LIABILITIES        
Mortgages payable, net   80,495    
Accounts payable and accrued expenses   1,507    
Total liabilities   82,002    
STOCKHOLDERS' EQUITY        
Members' equity   48,677    
Accumulated deficit   (3,603)    
Total members' equity   45,074    
Total liabilities and stockholders' equity   127,076    
Our investments in unconsolidated joint ventures   $ 4,386