Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Real estate investments, at cost:
Land	$ 26,200	$ 26,200
Buildings and improvements	155,247	154,014
Furniture and equipment	837	738
Real estate investments, gross	182,284	180,952
Less accumulated depreciation	39,282	37,563
Real estate investments, net	143,002	143,389
Acquired real estate leases, net of accumulated amortization of $1,073 and $1,016, respectively	15	72
Acquired favorable real estate leases, net of accumulated amortization of $962 and $911, respectively	8	59
Cash and cash equivalents	23,503	23,810
Restricted cash	6,014	7,668
Restricted investments	7,000	5,998
Tenant rent and other receivables, net of allowance for doubtful accounts of $114 and $162, respectively	372	95
Step rent receivable	5,482	5,528
Deferred leasing costs, net of accumulated amortization of $2,517, and $2,119, respectively	4,989	4,994
Prepaid expenses and other assets	137	47
Total assets	190,522	191,660
Liabilities:
Accounts payable and accrued expenses	5,823	5,576
Tenant security deposits	410	385
Loan payable, less unamortized financing costs of $156 and $171, respectively	34,844	34,829
Acquired unfavorable real estate leases, net of accumulated amortization of $116 and $110, respectively	5	11
Total liabilities	41,082	40,801
Commitments and Contingencies
Stockholders' Equity:
Preferred Stock, $.01 par value, 2,210 shares authorized, issued and outstanding, aggregate liquidation preference $221,000
Common Stock, $.01 par value, 1 share authorized, issued and outstanding
Additional paid-in capital	197,162	197,162
Retained earnings and distributions in excess of earnings	(47,722)	(46,303)
Total Stockholders' Equity	149,440	150,859
Total Liabilities and Stockholders' Equity	$ 190,522	$ 191,660