OTHER ASSETS	6 Months Ended
Jun. 30, 2017
OTHER ASSETS
OTHER ASSETS	NOTE 4. OTHER ASSETS Approximately $2,466,000, and $2,381,000 of security deposits are included in prepaid expenses and other assets at June 30, 2017 and December 31, 2016, respectively. The security deposits and escrow accounts are restricted cash. Included in prepaid expenses and other assets at June 30, 2017 and December 31, 2016 is approximately $424,000 and $423,000, respectively, held in escrow to fund future capital improvements. Intangible assets on the acquisition of the Residence at Captain Parkers are included in prepaid expenses and other assets. Intangible assets are approximately $4,000 net of accumulated amortization of approximately $500,000 and approximately $12,000 net of accumulated amortization of approximately $492,000 at June 30, 2017 and December 31, 2016, respectively. Included in deposits and escrows held for acquisition is approximately $620,000 in connection with the purchase of Woodland Park apartments in Newton, Massachusetts. See Note 16-Subsequent Events. Financing fees in association with the line of credit of approximately $24,000 and $28,000 are net of accumulated amortization of approximately $137,000 and $113,000 at June 30, 2017 and December 31, 2016 respectively.

NOTE 4. OTHER ASSETS

Approximately $2,466,000, and $2,381,000 of security deposits are included in prepaid expenses and other assets at June 30, 2017 and December 31, 2016, respectively. The security deposits and escrow accounts are restricted cash.

Included in prepaid expenses and other assets at June 30, 2017 and December 31, 2016 is approximately $424,000 and $423,000, respectively, held in escrow to fund future capital improvements.

Intangible assets on the acquisition of the Residence at Captain Parkers are included in prepaid expenses and other assets. Intangible assets are approximately $4,000 net of accumulated amortization of approximately $500,000 and approximately $12,000 net of accumulated amortization of approximately $492,000 at June 30, 2017 and December 31, 2016, respectively.

Included in deposits and escrows held for acquisition is approximately $620,000 in connection with the purchase of Woodland Park apartments in Newton, Massachusetts. See Note 16-Subsequent Events.

Financing fees in association with the line of credit of approximately $24,000 and $28,000 are net of accumulated amortization of approximately $137,000 and $113,000 at June 30, 2017 and December 31, 2016 respectively.