XML 59 R48.htm IDEA: XBRL DOCUMENT v3.19.1
MORTGAGE NOTES PAYABLE (Mortgages Payable) (Details) - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
MORTGAGE NOTES PAYABLE    
Effective interest rate (as a percent) 3.98%  
Financing fees, net $ 78,000 $ 121,000
Annual maturities of mortgage debt    
Less: unamortized deferred financing costs (959,821)  
Secured Debt 252,370,843 233,221,258
Mortgages payable    
MORTGAGE NOTES PAYABLE    
Amount of monthly installments including principal $ 1,139,000  
Weighted average interest rate (as a percent) 4.62%  
Effective interest rate (as a percent) 4.71%  
Financing fees, net $ 1,420,000 1,531,000
Accumulated amortization on financing and leasing fees 1,298,000 1,149,000
Deferred financing costs 78,000 $ 121,000
Annual maturities of mortgage debt    
2019-current maturities 1,924,000  
2020 4,334,000  
2021 2,412,000  
2022 2,682,000  
2023 102,626,000  
Thereafter 139,733,000  
Total 253,711,000  
Less: unamortized deferred financing costs 1,340,000  
Secured Debt $ 252,371,000  
Mortgages payable | Minimum    
MORTGAGE NOTES PAYABLE    
Interest rate (as a percent) 3.76%  
Mortgages payable | Maximum    
MORTGAGE NOTES PAYABLE    
Interest rate (as a percent) 5.81%