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NOTES PAYABLE (Tables)
 12 Months Ended
Dec. 31, 2022
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 December 31, 2022 and 2021:
Balance at
LenderDecember 31, 2022December 31, 2021
Wells Fargo$84,800 $82,300 
Deduct: Deferred financing costs, less accumulated amortization(20)(148)
Line of credit, net$84,780 $82,152 
Schedule of Mortgage Loans Payable The following is a reconciliation of the carrying amount of the mortgage loans payable at December 31, 2022 and 2021.
Balance at
LenderEncumbered PropertyDecember 31, 2022December 31, 2021Interest RateMaturity Date
Talcott Resolution Life Insurance CompanyCommerce Corner$11,933 $12,213 3.41 %December 1, 2023
Nationwide Life Insurance CompanyFlats at Carrs Hill14,500 14,500 3.63 March 1, 2026
State Farm Life Insurance CompanyElston Plaza17,149 17,470 3.89 July 1, 2026
Massachusetts Mutual Life Insurance CompanyThe Glenn66,000 66,000 3.02 December 1, 2028
Transamerica Life Insurance CompanyWallingford Plaza6,733 6,849 4.56 January 1, 2029
Nationwide Life Insurance CompanyProvidence Square29,700 29,700 3.67 October 5, 2029
JPMorgan Chase BankSeattle East Industrial45,140 45,140 3.87 January 1, 2030
$191,155 $191,872 
Deduct: Deferred financing costs, less accumulated amortization(722)(871)
Mortgage loans payable, net$190,433 $191,001 
Schedule of Maturities of Long-term Debt
Aggregate future principal payments due on the Wells Fargo Line of Credit and mortgage loans payable as of December 31, 2022 are as follows:
YearAmount
2023*$97,188 
2024474 
2025493 
202630,746 
2027145 
Thereafter146,909 
Total$275,955 
*On January 27, 2023, $84,800 of this amount was extended to mature in 2025.