MORTGAGE NOTES PAYABLE (Tables)

12 Months Ended

Dec. 31, 2017

MORTGAGE NOTES PAYABLE

Schedule of approximate annual maturities

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

2018—current maturities	$	7,843,000
2019		1,923,000
2020		4,331,000
2021		2,449,000
2022		2,686,000
Thereafter		215,397,000
		234,629,000
Less: unamortized deferred financing costs		1,408,000
	$	233,221,000