CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
ASSETS
Real estate, net	$ 289,294	$ 279,204
Cash and cash equivalents	5,034	6,515
Restricted cash	6,694	9,554
Prepaid expenses and other assets, net	3,343	2,703
Investments in unconsolidated joint ventures	18,814	19,379
Receivables	919	966
Deferred rents receivable	102	90
Right-of-use asset	1,478	1,565
Intangible assets, net	8,987	9,172
Total assets	334,665	329,148
LIABILITIES
Loans payable, net	207,317	197,330
Corporate credit facility, net	32,104	31,858
Secured line of credit, net	8,950	7,747
Note payable	5,863	5,863
Accounts payable and accrued expenses	14,368	15,896
Lease liability	1,626	1,716
Warrant liability	3,196	830
Total liabilities	273,424	261,240
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Special stock, $0.01 par value; 1 share authorized, issued and outstanding at March 31, 2021 and December 31, 2020	0	0
Common stock, $0.01 par value; 79,999,997 shares authorized; 38,840,508 and 38,345,540 shares issued at March 31, 2021 and December 31, 2020, respectively; 32,442,633 and 32,172,107 shares outstanding at March 31, 2021 and December 31, 2020, respectively	388	383
Additional paid-in capital	136,151	135,978
Treasury stock (6,397,875 and 6,173,433 shares at March 31, 2021 and December 31, 2020, respectively)	(57,166)	(56,791)
Accumulated other comprehensive loss	(2,040)	(2,159)
Accumulated deficit	(16,092)	(9,503)
Total stockholders' equity	61,241	67,908
Total liabilities and stockholders' equity	334,665	329,148
Blank Check Preferred Stock
STOCKHOLDERS' EQUITY
Preferred stock, value	0	0
Preferred Stock
STOCKHOLDERS' EQUITY
Preferred stock, value	$ 0	$ 0