Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Real estate investments, at cost:
Land	$ 26,200	$ 26,200
Buildings and improvements	155,839	154,014
Furniture and equipment	837	738
Real estate investments, gross	182,876	180,952
Less accumulated depreciation	40,735	37,563
Real estate investments, net	142,141	143,389
Acquired real estate leases, net of accumulated amortization of $174 and $1,016, respectively	3	72
Acquired favorable real estate leases, net of accumulated amortization of $0 and $911, respectively		59
Cash and cash equivalents	24,081	23,810
Restricted cash	9,511	7,668
Restricted investments	2,000	5,998
Tenant rent and other receivables, net of allowance for doubtful accounts of $98 and $162, respectively	124	95
Step rent receivable	5,671	5,528
Deferred leasing costs, net of accumulated amortization of $2,367 and $2,119, respectively	4,984	4,994
Prepaid expenses and other assets	68	47
Total assets	188,583	191,660
Liabilities:
Accounts payable and accrued expenses	4,798	5,576
Tenant security deposits	447	385
Loan payable, less unamortized financing costs of $148 and $171, respectively	34,852	34,829
Acquired unfavorable real estate leases, net of accumulated amortization of $119 and $110, respectively	2	11
Total liabilities	40,099	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	(48,678)	(46,303)
Total Stockholders' Equity	148,484	150,859
Total Liabilities and Stockholders' Equity	$ 188,583	$ 191,660