NOTES PAYABLE (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

The following is a reconciliation of the carrying amount of the Wells Fargo Line of Credit at September 30, 2020 and December 31, 2019.

	Balance at
Lender	September 30, 2020		December 31, 2019
Wells Fargo	$	77,600	$	81,600
Deduct: Deferred financing costs, less accumulated amortization	(109)		(309)
Line of credit, net	$	77,491	$	81,291

Schedule of Mortgage Loans Payable

The following is a reconciliation of the carrying amount of the mortgage loans payable at September 30, 2020 and December 31, 2019.

		Balance at
Lender	Encumbered Property	September 30, 2020		December 31, 2019		Interest Rate		Maturity Date
Hartford Life Insurance Company	Commerce Corner	$	12,551	$	12,747	3.41	%	December 1, 2023
Nationwide Life Insurance Company	Flats at Carrs Hill	14,500		14,500		3.63		March 1, 2026
State Farm Life Insurance Company	Elston Plaza	17,600		17,600		3.89		July 1, 2026
Transamerica Life Insurance Company	Wallingford Plaza	6,950		6,950		4.56		January 1, 2029
Nationwide Life Insurance Company	Providence Square	29,700		29,700		3.67		October 5, 2029
JPMorgan Chase Bank	Seattle East Industrial	45,140		45,140		3.87		January 1, 2030
		$	126,441	$	126,637
Deduct: Deferred financing costs, less accumulated amortization		(846)		(939)
Mortgage loans payable, net		$	125,595	$	125,698

Schedule of Aggregate Future Principal Payments

Aggregate future principal payments due on the Wells Fargo Line of Credit and mortgage loans payable as of September 30, 2020 are as follows:

Year	Amount
Remainder of 2020	$	66
2021*	78,103
2022	717
2023	12,388
2024	474
Thereafter	112,293
Total	$	204,041
*Includes the Wells Fargo Line of Credit which the Company intends to extend or refinance prior to maturity.