PREPAID EXPENSES and OTHER ASSETS	6 Months Ended
Jun. 30, 2020
PREPAID EXPENSES and OTHER ASSETS
OTHER ASSETS	NOTE 4. PREPAID EXPENSES and OTHER ASSETS Approximately $2,906,000, and $2,936,000 of security deposits are included in prepaid expenses and other assets at June 30, 2020 and December 31, 2019, respectively. The security deposits and escrow accounts are restricted cash. Also, included in prepaid expenses and other assets at June 30, 2020 and December 31, 2019 is approximately $769,000 and $501,000, respectively, held in escrow to fund future capital improvements. Intangible assets on the acquisitions of Mill Street Apartments and Webster Green Apartments are included in prepaid expenses and other assets. Intanbible assets are approximately $715,000 net of accumulated amortization of approximately $845,000 and approximately $1,382,000 net of accumulated amortization of approximately $178,000 at June 30, 2020 and December 31, 2019, respectively. Financing fees in association with the line of credit of approximately $15,000 and $36,000 are net of accumulated amortization of approximately $114,000 and $93,000 at June 30, 2020 and December 31, 2019 respectively.

PREPAID EXPENSES and OTHER ASSETS

6 Months Ended

Jun. 30, 2020

NOTE 4. PREPAID EXPENSES and OTHER ASSETS

Approximately $2,906,000, and $2,936,000 of security deposits are included in prepaid expenses and other assets at June 30, 2020 and December 31, 2019, respectively. The security deposits and escrow accounts are restricted cash.

Also, included in prepaid expenses and other assets at June 30, 2020 and December 31, 2019 is approximately $769,000 and $501,000, respectively, held in escrow to fund future capital improvements.

Intangible assets on the acquisitions of Mill Street Apartments and Webster Green Apartments are included in prepaid expenses and other assets. Intanbible assets are approximately $715,000 net of accumulated amortization of approximately $845,000 and approximately $1,382,000 net of accumulated amortization of approximately $178,000 at June 30, 2020 and December 31, 2019, respectively.

Financing fees in association with the line of credit of approximately $15,000 and $36,000 are net of accumulated amortization of approximately $114,000 and $93,000 at June 30, 2020 and December 31, 2019 respectively.