CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Real estate investments	$ 594,509	$ 532,263
Cash and cash equivalents	6,461	643
Restricted deposits and funded reserves	6,115	6,732
Investment in unconsolidated affiliates	9,022	9,081
Due from related party	60	109
Receivables	3,428	2,953
Prepaid expenses	844	1,581
Notes receivable	651	600
Financing and lease costs, less accumulated amortization of $3,536 in 2015 and $2,985 in 2014	4,621	3,761
Assets held for sale	1,721
Intangible assets, less accumulated amortization of $7,655 in 2015 and $4,866 in 2014	18,184	9,222
Other assets	140	76
Total Assets	645,756	567,021
LIABILITIES
Mortgage notes payable	383,292	324,886
Lines of credit	0	16,419
Special assessments payable	1,659	934
Dividends payable	5,319	4,554
Due to related party	440	2,500
Tenant security deposits payable	3,763	3,113
Investment certificates and unsubordinated debt	200	319
Unfavorable leases, less accumulated amortization of $803 in 2015 and $572 in 2014	2,253	806
Accounts payable-trade	819	1,486
Retainage payable	6	555
Liabilities related to assets held for sale	659
Fair value of interest rate swaps	219	272
Deferred insurance proceeds	69	72
Accrued expenses and other liabilities	6,631	5,471
Total Liabilities	$ 405,329	$ 361,387
COMMITMENTS and CONTINGENCIES - Note 18
Total liabilities and shareholders' equity	$ 645,756	$ 567,021
SHAREHOLDERS' EQUITY
Noncontrolling interest in operating partnership	154,810	150,594
Noncontrolling interest in partially owned properties	4,537
Beneficial interest	81,299	55,312
Accumulated comprehensive income (loss)	(219)	(272)
Total Shareholders' Equity	$ 240,427	$ 205,634