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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2021
Jun. 30, 2021
Sep. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:            
Net (loss) income attributable to common stockholders $ (7,419) $ (13,853) $ (17,461) $ (20,805) $ 4,333 [1] $ (5,292) [1]
Adjustments to reconcile net loss (income) attributable to common stockholders to net cash used in operating activities:            
Depreciation and amortization and amortization of deferred finance costs 1,261 2,944 4,214 5,524 4,168 4,157
Stock-based compensation expense 133 265 399 530 806 905
Gain on sale of school condominium       0 (24,196) [1] 0 [1]
Gain on sale of real estate       0 0 [1] (9,521) [1]
Deferred rents receivable (12) (16) (20) (24) (84) 578
Other non-cash adjustments - pension expense 119 238 356 816 1,015 1,992
Unrealized gain on warrants 1,977 1,910 192 (73) (965) [1] 0 [1]
Equity in net loss from unconsolidated joint ventures 372 636 636 555 1,571 [1] 819 [1]
Distributions from unconsolidated joint ventures 194 425 686 885 1,110 33
(Increase) decrease in operating assets:            
Residential condominium units for sale (11,672) (19,479) (25,371) (11,450) (46,473) (65,098)
Receivables 47 820 887 882 2,392 1,577
Prepaid expenses and other assets, net (371) (97) (846) (257) 190 278
Increase (decrease) in operating liabilities:            
Accounts payable and accrued expenses 1,294 3,559 5,775 3,467 1,285 1,649
Pension liabilities       (1,288) (1,033) (2,705)
Net cash used in operating activities (14,077) (22,891) (30,796) (21,238) (55,881) (70,628)
CASH FLOWS FROM INVESTING ACTIVITIES:            
Additions to real estate (53) (56) (84) (140) (4,279) (24,816)
Net proceeds from the sale of real estate       0 0 18,812
Deferred real estate deposits of SCA condominium       0 0 33,609
Investments in unconsolidated joint ventures       0 (5,383) 0
Net (cash used in) provided by investing activities (53) (56) (84) (140) (9,662) 27,605
CASH FLOWS FROM FINANCING ACTIVITIES:            
Proceeds from loans and corporate credit facility 8,980 74,486 82,318 249,984 86,361 55,475
Proceeds from secured line of credit 1,200 1,200 4,200 8,200 5,000 7,250
Payment of finance costs (21) (2,231) (2,442) (6,552) (1,497) (1,531)
Repayment of loans   (56,413) (56,413) (225,547) (23,368) (10,557)
Repayment of secured line of credit       (3,200) (2,500) (2,000)
Settlement of stock awards (370) (369) (370) (370) (695) (772)
Stock buy-back       0 (359) (197)
Sale of common stock, net     167 7,639 0 0
Net cash provided by financing activities 9,789 16,673 27,460 30,154 62,942 47,668
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (4,341) (6,274) (3,420) 8,776 (2,601) 4,645
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 16,069 16,069 16,069 16,069 18,670 14,025
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 11,728 9,795 12,649 24,845 16,069 18,670
CASH AND CASH EQUIVALENTS, BEGINNING PERIOD 6,515 6,515 6,515 6,515 9,196 11,496
RESTRICTED CASH, BEGINNING OF PERIOD 9,554 9,554 9,554 9,554 9,474 2,529
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 16,069 16,069 16,069 16,069 18,670 14,025
CASH AND CASH EQUIVALENTS, END OF PERIOD 5,034 2,169 917 4,310 6,515 9,196
RESTRICTED CASH, END OF PERIOD 6,694 7,626 11,732 20,535 9,554 9,474
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 11,728 9,795 12,649 24,845 16,069 18,670
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:            
Cash paid during the period for: Interest 4,130 8,564 13,329 16,042 15,495 12,631
Cash paid during the period for: Taxes 46 49 189 395 251 352
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:            
Capitalized amortization of deferred financing costs and warrants 692 1,501 2,169 3,193 2,668 2,700
Capitalized stock-based compensation expense $ 37 $ 70 $ 97 122 299 401
Loan forgiveness       243 0 0
Investment in unconsolidated joint venture       0 5,193 0
Right-of-use asset       0 0 1,904
Lease liabilities       0 0 (2,065)
Warrant liability       $ 0 $ 0 $ (1,795)
[1] Amounts are revised. See Note 3 for more information.