CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Real estate, net	$ 60,384	$ 42,638
Cash and cash equivalents	4,678	38,173
Restricted cash	3,688	3,600
Investment in unconsolidated joint venture	13,939	0
Receivables, net	220	31
Deferred rents receivable	543	200
Prepaid expenses and other assets, net	2,149	1,929
Total assets	85,601	86,571
LIABILITIES
Loans payable, net	48,705	39,615
Accounts payable and accrued expenses	2,935	3,284
Pension liabilities	5,936	6,500
Liability related to stock-based compensation	0	5,140
Obligation to former Majority Shareholder	0	7,066
Total liabilities	57,576	61,605
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Preferred stock	0	0
Special stock, $0.01 par value; 1 share authorized, issued and outstanding at December 31, 2016 and December 31, 2015	0	0
Common stock, $0.01 par value; 79,999,997 shares authorized; 30,679,566 and 29,978,471 shares issued at December 31, 2016 and December 31, 2015, respectively; 25,663,820 and 25,240,878 shares outstanding at December 31, 2016 and December 31, 2015, respectively	307	300
Additional paid-in capital	87,521	74,455
Treasury stock (5,015,746 and 4,737,593 shares at December 31, 2016 and December 31, 2015, respectively)	(51,086)	(49,114)
Accumulated other comprehensive loss	(3,161)	(2,337)
(Accumulated deficit) retained earnings	(5,556)	1,662
Total stockholders' equity	28,025	24,966
Total liabilities and stockholders' equity	85,601	86,571
Blank Check Preferred Stock [Member]
STOCKHOLDERS' EQUITY
Preferred stock	$ 0	$ 0