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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Revenue:    
Operating Property Revenue $ 32,948 $ 28,698
Investment and Other Income 399 2,311
Mortgage Loan Income, Net 340 1,481
Total Revenue 33,687 32,490
Operating Expenses:    
Operating Property Direct Expenses (Exclusive of Interest and Depreciation) 25,976 24,007
Expenses for Non-Operating Real Estate Owned 376 1,027
Professional Fees 4,364 4,395
General and Administrative Expenses 7,646 9,930
Interest Expense 9,532 10,654
Depreciation and Amortization Expense 4,040 2,727
Total Operating Expenses 51,934 52,740
Provision (Recovery) of Credit Losses, Impairment Charges, Loss (Gain) on Disposal, and Equity Loss from Unconsolidated Entities    
Loss (Gain) on Disposal of Assets, Net (10,997) 306
Provision (Recovery) of Credit Losses, Net 231 (10,652)
Impairment of Real Estate Owned 0 3,676
Equity Loss from Unconsolidated Entities 236 0
Total Provision (Recovery) of Credit Losses, Impairment Charges, Loss (Gain) on Disposal and Equity Loss from Unconsolidated Entities (10,530) (6,670)
Total Costs and Expenses 41,404 46,070
Loss before Income Taxes (7,717) (13,580)
Provision for Income Taxes 0 163
Net Loss (7,717) (13,743)
Net Income Attributable to Noncontrolling Interests 117 (715)
Cash Dividend on Redeemable Convertible Preferred Stock (2,146) (2,140)
Deemed Dividend on Redeemable Convertible Preferred Stock (2,505) (2,309)
Net Loss Attributable to Common Shareholders $ (12,251) $ (18,907)
Loss per common share    
Basic and Diluted (in dollars per share) $ (0.77) $ (1.23)
Weighted average common shares outstanding for basic and diluted earnings per common share 15,916,325 15,328,546