MORTGAGE NOTES PAYABLE (Tables)

6 Months Ended

Jun. 30, 2017

MORTGAGE NOTES PAYABLE

Schedule of approximate annual maturities

Approximate annual maturities at June 30, 2017 are as follows:

2018—current maturities	$	1,804,000
2019		7,883,000
2020		4,318,000
2021		2,176,000
2022		2,535,000
Thereafter		194,549,000
		213,265,000
Less: unamortized deferred financing costs		(1,331,000)
	$	211,934,000