MORTGAGE NOTES PAYABLE (Tables)

9 Months Ended

Sep. 30, 2016

MORTGAGE NOTES PAYABLE

Schedule of approximate annual maturities

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

2017—current maturities	$	1,747,000
2018		7,823,000
2019		1,903,000
2020		4,321,000
2021		2,312,000
Thereafter		196,455,000
		214,561,000
Less: unamortized deferred financing costs		(1,472,000)
	$	213,089,000