MORTGAGE NOTES PAYABLE (Tables)

12 Months Ended

Dec. 31, 2016

MORTGAGE NOTES PAYABLE

Schedule of approximate annual maturities

Approximate annual maturities at December 31, 2016 are as follows:

2017—current maturities	$	1,765,000
2018		7,843,000
2019		1,923,000
2020		4,328,000
2021		2,449,000
Thereafter		195,826,000
		214,134,000
Less: unamortized deferred financing costs		1,425,000
	$	212,709,000