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TAXABLE INCOME AND TAX BASIS (Tables)
 12 Months Ended
Dec. 31, 2013
TAXABLE INCOME AND TAX BASIS  
Schedule of reconciliation of GAAP net income to taxable income

 

 
   For the year ended
December 31,		  
 
   2013   2012   2011  
 
   (in thousands)
  

Financial statement ("book") net income (loss)

   $ 5,655   $ 3,634   $ 9,291  

Book/Tax differences from depreciation and amortization

     (300 )   51     (1,024 )

Book/Tax differences on tax free exchanges

     (4,670 )   266     (7,707 )

Book/Tax differences from Investment Properties

     400     198     (161 )

Increase (Decrease) in prepaid rent and allowances

     175     (40 )   29  

Other

     50     57     7  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Taxable income (loss)

   $ 1,310   $ 4,166   $ 435  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​