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Mortgage Loans Payable, Net (Tables)
6 Months Ended
Jun. 30, 2017
Mortgage Loan Payable, Net [Abstract]  
Schedule of Activity Related to Notes Payable
The changes in the carrying amount of mortgage loans payable, net consisted of the following for the six months ended June 30, 2017:
 
 
Amount
Beginning balance — December 31, 2016
 
$
3,965,000

Additions:
 
 
Assumption of mortgage loan payable
 
8,000,000

Amortization of deferred financing costs(1)
 
8,000

Deductions:
 
 
Deferred financing costs(1)
 
(151,000
)
Scheduled principal payments on mortgage loan payable
 
(125,000
)
Amortization of premium on mortgage loan payable
 
(6,000
)
Ending balance — June 30, 2017
 
$
11,691,000


___________
(1)
In accordance with ASU 2015-03 and ASU 2015-15, deferred financing costs only include costs related to our mortgage loans payable.
Schedule of Maturities of Long-term Debt
As of June 30, 2017, the principal payments due on our mortgage loans payable for the six months ending December 31, 2017 and for each of the next four years ending December 31 and thereafter were as follows:
Year
 
Amount
2017
 
$
148,000

2018
 
386,000

2019
 
407,000

2020
 
8,035,000

2021
 
314,000

Thereafter
 
2,492,000

 
 
$
11,782,000