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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenue:    
Operating Property Revenue $ 6,571,000 $ 7,184,000
Investment and Other Income 94,000 1,850,000
Mortgage Loan Income, Net 217,000 498,000
Total Revenue 6,882,000 9,532,000
Operating Expenses:    
Operating Property Direct Expenses (Exclusive of Interest and Depreciation) 5,619,000 5,644,000
Expenses for Non-Operating Real Estate Owned 158,000 289,000
Professional Fees 961,000 1,246,000
General and Administrative Expenses 1,915,000 2,194,000
Interest Expense 2,056,000 2,814,000
Depreciation and Amortization Expense 1,042,000 631,000
Total Operating Expenses 11,751,000 12,818,000
Recovery of Credit Losses, (Gain) Loss on Disposal of Assets and Loss of Unconsolidated Subsidiaries    
(Gain) Loss on Disposal of Assets, Net (248,000) 42,000
Recovery of Credit Losses, Net 0 (916,000)
Loss of Unconsolidated Subsidiaries 144,000 0
Total Recovery of Credit Losses, (Gain) Loss on Disposal of Assets and Loss of Unconsolidated Subsidiaries (104,000) (874,000)
Total Costs and Expenses 11,647,000 11,944,000
Loss before Income Taxes (4,765,000) (2,412,000)
Provision for Income Taxes 2,000 0
Net Loss (4,767,000) (2,412,000)
Net Loss Attributable to Noncontrolling Interests 55,000 0
Cash Dividend on Redeemable Convertible Preferred Stock (534,000) (528,000)
Deemed Dividend on Redeemable Convertible Preferred Stock (607,000) (560,000)
Net Loss Attributable to Common Shareholders $ (5,853,000) $ (3,500,000)
Net Loss per common share    
Basic and Diluted (in dollars per share) $ (0.37) $ (0.23)
Basic and Diluted Weighted Average Common Shares Outstanding 15,897,938 15,250,673