LOANS PAYABLE AND SECURED LINE OF CREDIT (Tables)

12 Months Ended

Dec. 31, 2019

LOANS PAYABLE AND SECURED LINE OF CREDIT

Schedule of combined aggregate principal maturities of our loans

Combined aggregate principal maturities of our loans, secured line of credit and note payable as of December 31, 2019, excluding extension options, were as follows (dollars in thousands):

Year of Maturity	Principal
2020 (1)	$	73,057
2021		—
2022		104,880
2023		670
2024		—
		178,607
Less: deferred finance costs, net		(2,966)
Total loans, secured line of credit, and note payable, net	$	175,641

(1)   Approximately $15.4 million was paid off in February 2020 (see Note 15 - Subsequent Events.)

Schedule of consolidated interest (income) expense

Consolidated interest (income) expense, net includes the following (dollars in thousands):

	Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,
	2019		2018		2017
Interest expense	$	13,513	$	6,848	$	2,488
Interest capitalized		(13,513)		(6,848)		(2,488)
Interest income		(67)		(212)		(215)
Interest income, net	$	(67)	$	(212)	$	(215)