Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
REVENUES
Residential rental income	$ 79,365	$ 73,667	$ 67,165
Commercial income	21,508	21,914	18,558
Tenant recoveries	4,884	5,102	4,061
Garage and other income	4,240	3,269	3,221
TOTAL REVENUES	109,997	103,952	93,005
OPERATING EXPENSES
Property operating expenses	27,267	27,029	25,442
Real estate taxes and insurance	22,293	20,685	17,740
General and administrative	9,873	9,944	8,405
Acquisition and other	101	69	326
Depreciation and amortization	18,005	16,721	15,295
TOTAL OPERATING EXPENSES	77,539	74,448	67,208
INCOME FROM OPERATIONS	32,458	29,504	25,797
Interest expense, net	(32,781)	(35,505)	(38,136)
Loss on extinguishment of debt	(8,872)
Gain on involuntary conversion	194
Net loss	(9,001)	(6,001)	(12,339)
Net loss attributable to non-controlling interests	5,368	3,644	8,604
Dividends attributable to preferred shares		(8)	(19)
Net loss attributable to common stockholders	$ (3,633)	$ (2,365)	$ (3,754)
Basic and diluted net loss per share (in dollars per share)	$ (0.22)	$ (0.15)	$ (0.34)