INVESTMENTS IN REAL ESTATE (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Investments [Abstract]

Schedule of company's investment in real estate

The Company’s investments in real estate, net, consist of the following (in thousands):

	June 30, 2013		December 31, 2012
Properties owned, net of accumulated depreciation of $8,263 and $7,972:
Hotel property (Savannah, Georgia)	$	10,631	$	11,107
Office building (Philadelphia, Pennsylvania)	832		1,058
	11,463		12,165
Partnerships and other investments	5,553		5,876
Total investments in real estate, net	$	17,016	$	18,041

Schedule of contractual future minimum rental income

The contractual future minimum rental income on non-cancelable operating leases included in properties owned for each of the five succeeding annual periods ending June 30, and thereafter, is as follows (in thousands):

2014	$	869
2015	795
2016	514
2017	431
2018	385
Thereafter	323
	$	3,317