OTHER ASSETS	9 Months Ended
Sep. 30, 2013
OTHER ASSETS
OTHER ASSETS	NOTE 4. OTHER ASSETS Approximately $2,012,000 and $1,919,000 of security deposits are included in prepaid expenses and other assets at September 30, 2013 and December 31, 2012, respectively. The security deposits and escrow accounts are restricted cash. Included in prepaid expenses and other assets at September 30, 2013 and December 31, 2012 is approximately $161,000 and $420,000, respectively, held in escrow to fund future capital improvements. Intangible assets of $1,752,000 on the acquisition of Hamilton Green is included in prepaid expenses and other assets. On September 30, 2013, intangible assets are approximately $1,400,000, net of accumulated amortization of approximately $352,000. Included in prepaid expenses and other assets at September 30, 2013 is approximately $1,104,000 of deposits and prepaid financing fees for the refinancing of Westgate Apartments and Hamilton Green. See Note 5. Financing fees of approximately $1,225,000 and $1,136,000 are net of accumulated amortization of approximately $829,000 and $772,000 at September 30, 2013 and December 31, 2012, respectively.

NOTE 4. OTHER ASSETS

Approximately $2,012,000 and $1,919,000 of security deposits are included in prepaid expenses and other assets at September 30, 2013 and December 31, 2012, respectively. The security deposits and escrow accounts are restricted cash.

Included in prepaid expenses and other assets at September 30, 2013 and December 31, 2012 is approximately $161,000 and $420,000, respectively, held in escrow to fund future capital improvements.

Intangible assets of $1,752,000 on the acquisition of Hamilton Green is included in prepaid expenses and other assets. On September 30, 2013, intangible assets are approximately $1,400,000, net of accumulated amortization of approximately $352,000.

Included in prepaid expenses and other assets at September 30, 2013 is approximately $1,104,000 of deposits and prepaid financing fees for the refinancing of Westgate Apartments and Hamilton Green. See Note 5.

Financing fees of approximately $1,225,000 and $1,136,000 are net of accumulated amortization of approximately $829,000 and $772,000 at September 30, 2013 and December 31, 2012, respectively.