MORTGAGE AND OTHER NOTES PAYABLE (Tables)

9 Months Ended

Sep. 30, 2015

Mortgage Loans on Real Estate [Abstract]

The Company completed the following transactions related to mortgage notes payable during the nine months ended September 30, 2015:



(dollars in thousands)			Borrowings				Repayments
Property	Date	Description	Amount		Interest Rate	Maturity Date	Amount		Interest Rate
1035 Third Avenue	January	New Borrowing	$	42,000	LIBOR+2.35%	1/27/2021	$	—
Lincoln Park Centre	January	Repayment					28,000		LIBOR+1.45%
163 Highland Avenue	March	Assumption	9,765		4.66%	2/1/2024
Broughton Street Portfolio (1)	May	New Borrowing	20,000		LIBOR+3.00%	5/5/2016
City Point	June	Assumption	19,000		1.25%	12/23/2016
City Point	June	Assumption	62,000		SIFMA+1.60%	12/23/2016
City Point	June	Repayment					20,650		LIBOR+4.00%
17 E. 71st Street	June	New Borrowing	19,000		LIBOR+1.90%	6/9/2020
Crescent Plaza	June	Repayment					16,326		4.98%
Pacesetter Park Shopping Center	September	Repayment					11,152		5.13%
Total			$	171,765			$	76,128

Notes:

(1) This loan is collateralized by properties in an unconsolidated joint venture. Fund IV has fully indemnified the unaffiliated joint venture partner and as such, this loan is included as consolidated debt.