Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Investments in real estate, net	$ 197,860	$ 202,133
Real Estate Held-for-sale	0	7,337
Cash and cash equivalents	3,817	6,904
Restricted cash	4,465	3,552
Rents and other receivables, net	971	763
Deferred rents	3,690	3,633
Intangible assets, net	5,988	6,318
Other assets, net	418	1,186
Goodwill	37,665	39,111
Investments in unconsolidated joint ventures	913	1,281
Total assets	255,787	272,218
LIABILITIES AND EQUITY (DEFICIT)
Mortgage and other loans, net	290,878	290,738
Unsecured notes payable to current and former related parties	29,433	29,433
Accounts payable and other liabilities	40,797	35,113
Accrued interest payable to current and former related parties (Note 10)	15,627	12,776
Acquired below-market leases, net	3,242	3,474
Liabilities of Real Estate Held-for-sale	0	6,589
Total liabilities	$ 379,977	$ 378,123
Commitments and contingencies (Note 11)
Equity (cumulative deficit):
Preferred Stock, $0.0001 par value per share, 100,000,000 shares authorized, one share of Proportionate Voting Preferred Stock issued and outstanding at December 31, 2015 and 2014	$ 0	$ 0
Additional paid-in capital	110	110
Cumulative deficit	(174,888)	(170,894)
Total stockholders’ equity (deficit)	(153,134)	(149,140)
Non-controlling interests:
Total equity (deficit)	(124,190)	(105,905)
Total liabilities and equity (deficit)	255,787	272,218
Senior Common Stock
Equity (cumulative deficit):
Common Stock, Issued	21,459	21,459
Class A Common Stock
Equity (cumulative deficit):
Common Stock, Issued	185	185
Class B Common Stock
Equity (cumulative deficit):
Common Stock, Issued	0	0
Preferred Units of Operating Partnership
Non-controlling interests:
Unitholders in the Operating Partnership	127,268	127,268
Common Units of Operating Partnership
Non-controlling interests:
Unitholders in the Operating Partnership	$ (98,324)	$ (84,033)