FAIR VALUE MEASUREMENT (Tables)

12 Months Ended

Dec. 31, 2015

FAIR VALUE MEASUREMENT

Carrying Value and Estimated Fair Value of Company's Financial Instruments

	December 31, 2015				December 31, 2014
	Carrying				Carrying
	Value		Fair Value		Value		Fair Value
	(in thousands)
Financial liabilities:
Mortgage notes payable	$	383,292	$	394,782	$	324,886	$	336,646
Fair value of interest rate swaps	$	219	$	219	$	272	$	272

Schedule of Fair Value of Assets on Recurring Basis

	Level 1		Level 2		Level 3		Total
	(in thousands)
December 31, 2015
Fair value of interest rate swaps	$	—	$	219	$	—	$	219
December 31, 2014
Fair value of interest rate swaps	$	—	$	272	$	—	$	272

Schedule of Fair Value of Assets on Nonrecurring Basis

										Provision for
										Impairment of
										Investment
	Level 1		Level 2		Level 3		Total			Properties
	(in thousands)
December 31, 2015
Real estate investments (a)	$	—	$	—	$	1,087	$	1,087	$	412
December 31, 2014
Real estate investments	$	—	$	—	$	—	$	—	$	—

Fair Value of Company's Financial Assets and Liabilities

	Level 1		Level 2		Level 3		Total
	(in thousands)
December 31, 2015
Mortgage notes payable	$	—	$	—	$	394,782	$	394,782
December 31, 2014
Mortgage notes payable	$	—	$	—	$	336,646	$	336,646