MORTGAGE NOTES PAYABLE (Tables)

3 Months Ended

Mar. 31, 2017

MORTGAGE NOTES PAYABLE

Schedule of approximate annual maturities

Approximate annual maturities at March 31, 2017 are as follows:

2018—current maturities	$	1,784,000
2019		7,863,000
2020		4,312,000
2021		1,965,000
2022		2,471,000
Thereafter		195,305,000
		213,700,000
Less: unamortized deferred financing costs		(1,378,000)
	$	212,322,000