MORTGAGE LOANS AND NOTES PAYABLE (Tables) - Mortgages

9 Months Ended

Sep. 30, 2016

Summary of mortgage loans and notes payable

	Carrying Value as of:
	September 30,		December 31,		Effective		Maturity
Mortgage Loans and Notes Payable	2016		2015		Interest Rate		Date
	(in thousands)
YSI 59	$	—	$	9,012	4.82	%	Mar-16
YSI 60		—		3,546	5.04	%	Aug-16
YSI 51		—		6,984	5.15	%	Sep-16
YSI 64		—		7,781	3.54	%	Oct-16
YSI 62		—		7,835	3.54	%	Dec-16
YSI 67		6,254		—	2.55	%	Mar-17
YSI 33		9,935		10,154	6.42	%	Jul-19
YSI 26		8,470		8,606	4.56	%	Nov-20
YSI 57		2,974		3,021	4.61	%	Nov-20
YSI 55		23,060		23,369	4.85	%	Jun-21
YSI 24		26,650		27,185	4.64	%	Jun-21
YSI 65		2,468		2,500	3.85	%	Jun-23
YSI 66		32,386		—	3.51	%	Jun-23
Principal balance outstanding		112,197		109,993
Plus: Unamortized fair value adjustment		3,967		2,219
Less: Loan procurement costs, net		(771)		(757)
Total mortgage loans and notes payable, net	$	115,393	$	111,455

Schedule of the future principal payment requirements on the outstanding mortgage loans and notes payable

2016	$	612
2017		8,576
2018		2,490
2019		11,485
2020		12,615
2021 and thereafter		76,419
Total mortgage payments		112,197
Plus: Unamortized fair value adjustment		3,967
Less: Loan procurement costs, net		(771)
Total mortgage indebtedness	$	115,393