UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
OPERATING ACTIVITIES
Net loss	$ (5,013,000)	$ (3,794,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Equity method loss from unconsolidated entities	0	(20,000)
Stock-based compensation and option amortization	117,000	100,000
Gain on disposal of assets	0	(253,000)
Amortization of deferred financing costs	40,000	41,000
Depreciation and amortization expense	271,000	341,000
Accretion of mortgage income	(55,000)	(129,000)
Accretion of discount on note payable	259,000	224,000
Non-cash interest expense funded by loan draw	325,000	258,000
Unrealized loss on derivatives	167,000	0
Changes in operating assets and liabilities, net of business combination:
Accrued interest receivable	(233,000)	(1,000)
Other receivables	(51,000)	(28,000)
Other assets	(1,332,000)	(96,000)
Accrued property taxes	(32,000)	68,000
Accounts payable and accrued expenses	(288,000)	(2,307,000)
Customer deposits and funds held for others	1,239,000	59,000
Accrued interest	(294,000)	115,000
Total adjustments, net	133,000	(1,628,000)
Net cash used in operating activities	(4,880,000)	(5,422,000)
INVESTING ACTIVITIES
Proceeds from sale of real estate owned and operating properties and other assets	0	342,000
Purchases of property and equipment	0	(16,000)
Mortgage loan investment and fundings	0	70,000
Investment in real estate owned and other operating properties	(4,667,000)	(1,147,000)
Net cash used in investing activities	(4,667,000)	(751,000)
FINANCING ACTIVITIES
Proceeds from notes payable	7,459,000	0
Debt issuance costs paid	0	(125,000)
Dividends paid	(655,000)	(539,000)
Purchase of treasury stock	(1,000,000)	0
Proceeds from Issuance of Preferred Equity	0	8,000,000
Purchase of Interest rate cap	0	(548,000)
Contribution of Hotel Fund capital costs	(12,000)	0
Contributions from Hotel Fund investors	3,520,000	3,453,000
Distributions to Hotel Fund investors	(266,000)	(20,000)
Net cash provided by financing activities	9,046,000	10,221,000
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	(501,000)	4,048,000
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD	25,650,000	11,932,000
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD	25,148,000	15,980,000
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for interest	551,000	104,000
Cash paid for taxes	23,000	5,000
Non-Cash Investing and Financing Transactions:
Operating lease liabilities	977,000
Capital expenditures in accounts payable and accrued expenses	2,109,000	835,000
Non-cash interest cost added to notes payable	325,000	0
Non-cash interest cost capitalized to operating property	$ 450,000	$ 0