REDEMPTION PLANS	12 Months Ended
Dec. 31, 2015
REDEMPTION PLANS
REDEMPTION PLANS	NOTE 13 – REDEMPTION PLANS Our Board of Trustees has approved redemption plans that enable our shareholders to sell their common shares and the partners of our operating partnership to sell their limited partnership units to us, after they have held the securities for at least one year and subject to other conditions and limitations described in the plans. Our redemption plans currently provide that the maximum amount that can be redeemed under the plan is $30,000 worth of securities. Currently, the fixed redemption price is $14.50 per share or unit under the plans which price became effective February 1, 2015. We may redeem securities under the plans provided the aggregate total has not been exceeded if we have sufficient funds to do so. The plans will terminate in the event the shares become listed on any national securities exchange, the subject of bona fide quotes on any inter-dealer quotation system or electronic communications network or are the subject of bona fide quotes in the pink sheets. Additionally, the Board, in its sole discretion, may terminate, amend or suspend the redemption plans, either or both of them, if it determines to do so in its sole discretion. During the years ended December 31, 2015 and 2014, the Company redeemed 132,000 and 238,000 common shares valued at $1,915 and $3,338, respectively. In addition, during the years ended December 31, 2015 and 2014, the Company redeemed 44,000 and 112,000 units valued at $633 and $1,566, respectively.

NOTE 13 – REDEMPTION PLANS

Our Board of Trustees has approved redemption plans that enable our shareholders to sell their common shares and the partners of our operating partnership to sell their limited partnership units to us, after they have held the securities for at least one year and subject to other conditions and limitations described in the plans.

Our redemption plans currently provide that the maximum amount that can be redeemed under the plan is $30,000 worth of securities. Currently, the fixed redemption price is $14.50 per share or unit under the plans which price became effective February 1, 2015.

We may redeem securities under the plans provided the aggregate total has not been exceeded if we have sufficient funds to do so. The plans will terminate in the event the shares become listed on any national securities exchange, the subject of bona fide quotes on any inter-dealer quotation system or electronic communications network or are the subject of bona fide quotes in the pink sheets. Additionally, the Board, in its sole discretion, may terminate, amend or suspend the redemption plans, either or both of them, if it determines to do so in its sole discretion.

During the years ended December 31, 2015 and 2014, the Company redeemed 132,000 and 238,000 common shares valued at $1,915 and $3,338, respectively. In addition, during the years ended December 31, 2015 and 2014, the Company redeemed 44,000 and 112,000 units valued at $633 and $1,566, respectively.