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RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS - Income Statement (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2019
Dec. 31, 2018
Revenues:                            
Rental and other revenue from real estate properties $ 6,765 $ 6,261 $ 7,097 $ 6,886 $ 6,211 $ 6,127 $ 5,205 $ 5,087 $ 13,983 $ 10,292 $ 20,244 $ 16,419 $ 27,009 $ 22,630 [1]
Other income 157 161 190 244 223 198 203 175 434 378 595 576 752 799 [1]
Total revenues 6,922 6,422 7,287 7,130 6,434 6,325 5,408 5,262 14,417 10,670 20,839 16,995 27,761 23,429 [1]
Expenses:                            
Real estate operating expenses 3,090 2,741 3,325 3,176 2,966 2,952 2,393 2,384 6,501 4,777 9,242 7,729 12,332 10,695 [1]
Interest expense 1,931 1,870 2,049 1,946 1,747 1,779 1,471 1,442 3,995 2,913 5,865 4,692 7,796 6,439 [1]
General and administrative 2,636 2,430 2,481 2,544 2,476 2,002 2,452 2,453 5,025 4,905 7,455 6,907 10,091 9,383 [1]
Depreciation 1,568 1,373 1,428 1,547 1,408 1,369 1,076 1,074 2,975 2,150 4,348 3,519 5,916 4,927 [1]
Total expenses 9,225 8,414 9,283 9,213 8,597 8,102 7,392 7,353 18,496 14,745 26,910 22,847 36,135 31,444 [1]
Total revenues less total expenses (2,303) (1,992) (1,996) (2,083) (2,163) (1,777) (1,984) (2,091) (4,079) (4,075) (6,071) (5,852) (8,374) (8,015) [1]
Equity in loss from unconsolidated joint ventures (2,150) (2,390) (2,218) (2,068) (1,148) (1,627) (2,566) 253 (4,286) (2,313) (6,676) (3,940) (8,826) (5,088) [1]
Equity in earnings from sale of unconsolidated joint venture properties 9,932 0 0 0 11,467 0 0 26,402   26,402   26,402 9,932 37,869 [1]
Gain on sale of real estate 680 9,938 0 0 0 424 0 437   437 9,938 861 10,618 861 [1]
Gain on insurance recovery     0   0 0 0 0 0 0 0 0   0
Loss on extinguishment of debt 0 (1,387) 0 0 0 0 0 0   0 (1,387) 0 (1,387) 0 [1]
Income from continuing operations 6,159 4,169 (4,214) (4,151) 8,156 (2,980) (4,550) 25,001 (8,365) 20,451 (4,196) 17,471 1,963 25,627 [1]
Provision for taxes 51 98 59 62 57 97 101 (253) 121 (152) 219 (55) 270 2 [1]
Income from continuing operations, net of taxes 6,108 4,071 (4,273) (4,213) 8,099 (3,077) (4,651) 25,254 (8,486) 20,603 (4,415) 17,526 1,693 25,625 [1]
(Income) attributable to non-controlling interests 40 (799) (44) (34) (26) (34) (38) (32) (78) (70) (877) (104) (837) (130) [1]
Net income attributable to common stockholders $ 6,148 $ 3,272 $ (4,317) $ (4,247) $ 8,073 $ (3,111) $ (4,689) $ 25,222 $ (8,564) $ 20,533 $ (5,292) $ 17,422 $ 856 $ 25,495 [1]
Weighted average number of shares of common stock outstanding:                            
Basic (in shares)   15,913,975 15,900,316 15,886,493 15,744,233 15,635,953 14,411,940 14,242,076 15,893,443 14,327,477 15,900,362 14,768,429 15,965,631 15,014,385 [1]
Diluted (in shares)   16,113,975 15,900,316 15,886,493 15,944,233 15,635,953 14,411,940 14,442,076 15,893,443 14,527,477 15,900,362 14,968,429 16,165,631 15,214,385 [1]
Per share amounts attributable to common stockholders:                            
Basic earnings (loss) per share (in dollars per share) $ 0.38 $ 0.21 $ (0.27) $ (0.27) $ 0.51 $ (0.20) $ (0.33) $ 1.77 $ (0.54) $ 1.43 $ (0.33) $ 1.18 $ 0.05 $ 1.70 [1]
Diluted earnings (loss) per share (in dollars per share) $ 0.38 $ 0.20 $ (0.27) $ (0.27) $ 0.51 $ (0.20) $ (0.33) $ 1.75 $ (0.54) $ 1.41 $ (0.33) $ 1.16 $ 0.05 $ 1.68 [1]
As Previously reported                            
Revenues:                            
Rental and other revenue from real estate properties   $ 33,875 $ 32,930 $ 30,702 $ 31,216 $ 31,283 $ 29,951 $ 29,476 $ 63,632 $ 59,427 $ 97,507 $ 90,710   $ 121,926
Other income   161 190 244 223 198 203 175 434 378 595 576   799
Total revenues   34,036 33,120 30,946 31,439 31,481 30,154 29,651 64,066 59,805 98,102 91,286   122,725
Expenses:                            
Real estate operating expenses   16,281 16,100 14,814 15,224 15,661 14,459 14,198 30,914 28,657 47,195 44,318   59,542
Interest expense   9,845 9,739 8,769 8,946 8,965 8,786 8,657 18,508 17,443 28,353 26,408   35,356
General and administrative   2,430 2,481 2,544 2,476 2,002 2,452 2,453 5,025 4,905 7,455 6,907   9,383
Depreciation   9,950 10,347 9,617 10,192 10,416 10,200 9,240 19,964 19,440 29,914 29,856   40,048
Total expenses   38,506 38,667 35,744 36,838 37,044 35,897 34,548 74,411 70,445 112,917 107,489   144,329
Total revenues less total expenses   (4,470) (5,547) (4,798) (5,399) (5,563) (5,743) (4,897) (10,345) (10,640) (14,815) (16,203)   (21,604)
Equity in loss from unconsolidated joint ventures   (259) (161) (223) (125) (174) (127) (63) (384) (190) (643) (364)   (488)
Equity in earnings from sale of unconsolidated joint venture properties         0     0   0   0   0
Gain on sale of real estate   9,938     19,514 424   51,981   51,981 9,938 52,405   71,919
Gain on insurance recovery     517   1,585 1,272   3,227 517 3,227 517 4,499   6,084
Loss on extinguishment of debt   (1,766)     (207)     (593)   (593) (1,766) (593)   (800)
Income from continuing operations   3,443 (5,191) (5,021) 15,368 (4,041) (5,870) 49,655 (10,212) 43,785 (6,769) 39,744   55,111
Provision for taxes   98 59 62 58 97 101 (253) 121 (152) 219 (55)   2
Income from continuing operations, net of taxes   3,345 (5,250) (5,083) 15,310 (4,138) (5,971) 49,908 (10,333) 43,937 (6,988) 39,799   55,109
(Income) attributable to non-controlling interests   (73) 933 836 (7,237) 1,027 1,282 (24,686) 1,769 (23,404) 1,696 (22,377)   (29,614)
Net income attributable to common stockholders   3,272 (4,317) (4,247) 8,073 (3,111) (4,689) 25,222 (8,564) 20,533 (5,292) 17,422   $ 25,495
Per share amounts attributable to common stockholders:                            
Basic earnings (loss) per share (in dollars per share)                           $ 1.70
Diluted earnings (loss) per share (in dollars per share)                           $ 1.68
Restatement Impact                            
Revenues:                            
Rental and other revenue from real estate properties   (27,614) (25,833) (23,816) (25,005) (25,156) (24,746) (24,389) (49,649) (49,135) (77,263) (74,291)   $ (99,296)
Other income   0 0 0 0 0 0 0 0 0 0 0   0
Total revenues   (27,614) (25,833) (23,816) (25,005) (25,156) (24,746) (24,389) (49,649) (49,135) (77,263) (74,291)   (99,296)
Expenses:                            
Real estate operating expenses   (13,540) (12,775) (11,638) (12,258) (12,709) (12,066) (11,814) (24,413) (23,880) (37,953) (36,589)   (48,847)
Interest expense   (7,975) (7,690) (6,823) (7,199) (7,186) (7,315) (7,215) (14,513) (14,530) (22,488) (21,716)   (28,917)
General and administrative   0 0 0 0 0 0 0 0 0 0 0   0
Depreciation   (8,577) (8,919) (8,070) (8,784) (9,047) (9,124) (8,166) (16,989) (17,290) (25,566) (26,337)   (35,121)
Total expenses   (30,092) (29,384) (26,531) (28,241) (28,942) (28,505) (27,195) (55,915) (55,700) (86,007) (84,642)   (112,885)
Total revenues less total expenses   2,478 3,551 2,715 3,236 3,786 3,759 2,806 6,266 6,565 8,744 10,351   13,589
Equity in loss from unconsolidated joint ventures   (2,131) (2,057) (1,845) (1,023) (1,453) (2,439) 316 (3,902) (2,123) (6,033) (3,576)   (4,600)
Equity in earnings from sale of unconsolidated joint venture properties         11,467     26,402   26,402   26,402   37,869
Gain on sale of real estate   0     (19,514) 0   (51,544)   (51,544) 0 (51,544)   (71,058)
Gain on insurance recovery     (517)   (1,585) (1,272)   (3,227) (517) (3,227) (517) (4,499)   (6,084)
Loss on extinguishment of debt   379     207     593   593 379 593   800
Income from continuing operations   726 977 870 (7,212) 1,061 1,320 (24,654) 1,847 (23,334) 2,573 (22,273)   (29,484)
Provision for taxes   0 0 0 (1) 0 0 0 0 0 0 0   0
Income from continuing operations, net of taxes   726 977 870 (7,211) 1,061 1,320 (24,654) 1,847 (23,334) 2,573 (22,273)   (29,484)
(Income) attributable to non-controlling interests   (726) (977) (870) 7,211 (1,061) (1,320) 24,654 (1,847) 23,334 (2,573) 22,273   29,484
Net income attributable to common stockholders   $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0   $ 0
[1] * Amounts restated See footnotes 2 and 16 for more information.