OTHER ASSETS	9 Months Ended
Sep. 30, 2015
OTHER ASSETS
OTHER ASSETS	NOTE 4. OTHER ASSETS Approximately $2,218,000, and $2,090,000 of security deposits are included in prepaid expenses and other assets at September 30, 2015 and December 31, 2014, respectively. The security deposits and escrow accounts are restricted cash. Included in prepaid expenses and other assets at September 30, 2015 and December 31, 2014 is approximately $863,000 and $253,000, respectively, held in escrow to fund future capital improvements. As of September 30, 2015, approximately $551,000 of the replacement reserve was related to the fire damage at Westgate Apartments. The reserve will be refunded when the repairs are complete. Intangible assets on the acquisitions of Hamilton Green and the Residence at Captain Parkers are included in prepaid expenses and other assets. Intangible assets are approximately $512,000 net of accumulated amortization of approximately $1,745,000 and approximately $49,000 net of accumulated amortization of approximately $1,703,000 at September 30, 2015 and December 31, 2014, respectively. Financing fees of approximately $1,571,000 and $1,736,000 are net of accumulated amortization of approximately $778,000 and $613,000 at September 30, 2015 and December 31, 2014 respectively.

NOTE 4. OTHER ASSETS

Approximately $2,218,000, and $2,090,000 of security deposits are included in prepaid expenses and other assets at September 30, 2015 and December 31, 2014, respectively. The security deposits and escrow accounts are restricted cash.

Included in prepaid expenses and other assets at September 30, 2015 and December 31, 2014 is approximately $863,000 and $253,000, respectively, held in escrow to fund future capital improvements. As of September 30, 2015, approximately $551,000 of the replacement reserve was related to the fire damage at Westgate Apartments. The reserve will be refunded when the repairs are complete.

Intangible assets on the acquisitions of Hamilton Green and the Residence at Captain Parkers are included in prepaid expenses and other assets. Intangible assets are approximately $512,000 net of accumulated amortization of approximately $1,745,000 and approximately $49,000 net of accumulated amortization of approximately $1,703,000 at September 30, 2015 and December 31, 2014, respectively.

Financing fees of approximately $1,571,000 and $1,736,000 are net of accumulated amortization of approximately $778,000 and $613,000 at September 30, 2015 and December 31, 2014 respectively.