SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following tables set forth the carrying value, revenue and the components of operating income of the Company's segments reconciled to total assets as of September 30, 2020 and December 31, 2019 and net income (loss) for the three and nine months ended September 30, 2020 and 2019.

		Real Estate Properties		Real Estate Equity Securities		Total
Carrying value as of September 30, 2020		$	323,054	$	18,532	$	341,586
Reconciliation to total assets of September 30, 2020
	Carrying value per reportable segments					$	341,586
	Corporate level assets					15,475
	Total assets					$	357,061
Carrying value as of December 31, 2019		$	331,362	$	21,245	$	352,607
Reconciliation to total assets of December 31, 2019
	Carrying value per reportable segments					$	352,607
	Corporate level assets					13,478
	Total assets					$	366,085

Three Months Ended September 30, 2020	Real Estate Properties		Real Estate Equity Securities		Total
Property related income	$	7,729	$	—	$	7,729
Investment income on marketable securities	—		166		166
Total revenues	7,729		166		7,895
Segment operating expenses	1,985		13		1,998
Net realized loss upon sale of marketable securities	—		(399)		(399)
Net unrealized change in fair value of investment in marketable securities	—		710		710
Operating income - segments	$	5,744	$	464	$	6,208
Three Months Ended September 30, 2019
Property related income	$	5,787	$	—	$	5,787
Investment income on marketable securities	—		158		158
Total revenues	5,787		158		5,945
Segment operating expenses	1,830		11		1,841
Net realized gain upon sale of marketable securities	—		274		274
Net unrealized change in fair value of investment in marketable securities	—		1,254		1,254
Operating income - segments	$	3,957	$	1,675	$	5,632
			Three Months Ended September 30,
Reconciliation to net income			2020		2019
Operating income - segments			$	6,208	$	5,632
General and administrative expenses			(478)		(459)
Advisory expenses			(540)		(1,014)
Depreciation			(1,804)		(1,342)
Amortization			(1,418)		(1,128)
Operating income			1,968		1,689
Interest expense			(1,732)		(1,138)
Net income			$	236	$	551

Nine Months Ended September 30, 2020	Real Estate Properties		Real Estate Equity Securities		Total
Property related income	$	23,719	$	—	$	23,719
Investment income on marketable securities	—		459		459
Total revenues	23,719		459		24,178
Segment operating expenses	6,371		35		6,406
Net realized loss upon sale of marketable securities	—		(2,549)		(2,549)
Net unrealized change in fair value of investment in marketable securities	—		(648)		(648)
Operating income (loss) - segments	$	17,348	$	(2,773)	$	14,575
Nine Months Ended September 30, 2019
Property related income	$	17,113	$	—	$	17,113
Investment income on marketable securities	—		459		459
Total revenues	17,113		459		17,572
Segment operating expenses	5,435		30		5,465
Net realized gain upon sale of marketable securities	—		539		539
Net unrealized change in fair value of investment in marketable securities	—		3,609		3,609
Operating income - segments	$	11,678	$	4,577	$	16,255
			Nine Months Ended September 30,
Reconciliation to net (loss) income			2020		2019
Operating income - segments			$	14,575	$	16,255
General and administrative expenses			(1,483)		(1,480)
Advisory expenses			(1,611)		(1,946)
Depreciation			(5,347)		(3,988)
Amortization			(4,348)		(3,428)
Operating income			1,786		5,413
Interest expense			(5,445)		(3,627)
Net (loss) income			$	(3,659)	$	1,786