MORTGAGE NOTES PAYABLE (Tables)

12 Months Ended

Dec. 31, 2023

MORTGAGE NOTES PAYABLE

Schedule of approximate annual maturities

Approximate annual maturities at December 31, 2023 are as follows:

2024—current maturities	$	2,853,000
2025		3,602,000
2026		25,112,000
2027		23,271,000
2028		31,875,000
Thereafter		324,726,000
		411,439,000
Less: unamortized deferred financing costs		2,779,000
	$	408,660,000

Schedule of debt by property

		PREVIOUS		CURRENT		DEFERRED
		MORTGAGE		MORTGAGE		FINANCE		PREPAYMENT
PROPERTY NAME		BALANCE		BALANCE		COSTS		PENALTY
Clovelly Apts LP	$	4,160,000	$	11,214,000	$	121,817	$	167,141
Comm 1137 LP		3,750,000		5,440,000		60,504		151,314
Comm 1144 LP		14,780,000		32,325,000		340,007		592,728
Executive Apts LP		2,415,000		8,190,000		89,333		96,434
N.Beacon 140 LP		6,937,000		12,683,000		135,813		277,003
Olde English Apt LP		3,080,000		9,608,000		104,345		123,956
Redwood Hills LP		6,743,000		17,105,000		188,406		271,204
River Dr. LP		3,465,000		9,543,000		104,605		139,218
Highland St. Apts LP		1,050,000		3,960,000		45,076		41,928
WCB Assoc. LLC		7,000,000		19,266,000		204,586		408,873
Hamilton Oaks Assoc. LP		11,925,000		26,666,000		281,596		476,180
	$	65,305,000	$	156,000,000	$	1,676,088	$	2,745,979
		PREVIOUS		CURRENT		DEFERRED
		MORTGAGE		MORTGAGE		FINANCE		PREPAYMENT
PROPERTY NAME		BALANCE		BALANCE		COSTS		PENALTY
Dean Street	$	5,687,000	$	10,322,000	$	109,841	$	160,943
School Street		13,178,000		26,993,000		287,159		171,676
Westgate Apartments		15,700,000		38,475,000		409,299		401,714
Courtyard at Westgate		2,500,000		4,494,000		47,831		100,211
	$	37,065,000	$	80,284,000	$	854,130	$	834,544