MORTGAGE LOANS RECEIVABLE

12 Months Ended

Dec. 31, 2016

Mortgage Loans on Real Estate, Commercial and Consumer, Net, (Investment Based Operations Presentation) [Abstract]

MORTGAGE LOANS RECEIVABLE

MORTGAGE LOANS RECEIVABLE

As of December 31, 2016 and 2015, the Company had two mortgage loans receivable, both of which are classified as first mortgage loans, have effective interest rates of 5.25% and mature in October 2017. Mortgage loans receivable are included in Other assets on the Consolidated Balance Sheets. See Note 5 for a summary of Other assets.