Notes Payable (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of information on notes payable

The following table sets forth information on our notes payable as of December 31, 2017 and 2016:

			Amount Due		Loan Amount Outstanding
Description	Interest Rate	Maturity Date	at Maturity		December 31, 2017		December 31, 2016
Courtyard Kauai Coconut Beach Hotel	Repaid in full on 5/8/2017 (See note below)		$	-	$	-	$	38,000
Gardens Medical Pavilion	4.90%	1/1/2018		-		-		12,899
River Club and the Townhomes at River Club	5.26%	5/1/2018		23,368		23,511		23,917
Lakes of Margate	5.49% and 5.92%	1/1/2020		13,384		13,973		14,243
Arbors Harbor Town	3.99%	1/1/2019		23,632		24,153		24,653
22 Exchange	3.93%	Due on demand		16,875		18,963		19,307
Parkside(1)	5%	6/1/2018		9,560		9,721		10,100
Total mortgages payable			$	86,819		90,321		143,119
Less: deferred financing costs						(400)		(787)
Total mortgages payable, net					$	89,921	$	142,332

(1) Includes approximately $0.1 million of unamortized premium related to debt we assumed at acquisition

Contractual obligations for principal payments

The following table provides information with respect to the contractual maturities and scheduled principal repayments of our indebtedness as of December 31, 2017. The table amounts reflect the 22 Exchange loan as due on demand. However, the table amounts do not reflect the effect of any available extension options:

Year	Amount Due
2018	$	52,932
2019		23,934
2020		13,384
2021		-
2022		-
Thereafter		-
Total contractual obligations for principal payments		90,250
Unamortized premium		71
Total notes payable		90,321
Less: Deferred financing fees, net		(400)
Notes payable, net	$	89,921