FAIR VALUE DISCLOSURES (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Schedule of Face Value, Carrying Amounts and Fair Value

The following were the face values, carrying amounts and fair values of the Company’s real estate loan receivable and notes payable as of September 30, 2013 and December 31, 2012, which carrying amounts generally do not approximate the fair values (in thousands):

	September 30, 2013						December 31, 2012
	Face Value		Carrying Amount		Fair Value		Face Value		Carrying Amount		Fair Value
Financial assets:
Real estate loan receivable	$	14,593	$	14,667	$	14,447	$	13,599	$	13,691	$	13,563
Financial liabilities:
Notes payable	$	403,890	$	403,890	$	402,264	$	119,800	$	119,800	$	119,284

Schedule of Assets and Liabilities at Fair Value

During the nine months ended September 30, 2013, the Company measured the following assets and liabilities at fair value (in thousands):

				Fair Value Measurements Using
	Total			Quoted Prices in Active Markets  for Identical Assets (Level 1)		Significant Other Observable  Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Recurring Basis:
Asset derivatives	$	672		$	—	$	672		$	—
Liability derivatives	(1,481		)	—		(1,481		)	—