MORTGAGE NOTES PAYABLE (Tables)

6 Months Ended

Jun. 30, 2016

MORTGAGE NOTES PAYABLE

Schedule of approximate annual maturities

Approximate annual maturities at June 30, 2016 are as follows:

2017—current maturities	$	1,626,000
2018		1,817,000
2019		7,897,000
2020		4,329,000
2021		2,192,000
Thereafter		197,789,000
		215,650,000
Less: unamortized deferred financing costs		(1,519,000)
	$	214,131,000