XML 46 R37.htm IDEA: XBRL DOCUMENT v3.22.1
MORTGAGE NOTES PAYABLE (Mortgages Payable) (Details) - USD ($)
3 Months Ended
Mar. 31, 2022
Dec. 31, 2021
MORTGAGE NOTES PAYABLE    
Effective interest rate (as a percent) 3.97%  
Financing fees, net $ 154,000 $ 169,000
Accumulated amortization on financing and leasing fees 25,000 10,000
Annual maturities of mortgage debt    
2023-current maturities 8,719,000  
2024 31,306,000  
2025 11,094,000  
2026 21,904,000  
2027 6,507,000  
Thereafter 293,060,000  
Total 372,590,000  
Less: unamortized deferred financing costs (2,619,000)  
Secured Debt 369,970,778 370,481,390
Mortgages payable    
MORTGAGE NOTES PAYABLE    
Amount of monthly installments including principal $ 1,431,000  
Weighted average interest rate (as a percent) 3.61%  
Effective interest rate (as a percent) 3.71%  
Financing fees, net $ 2,619,000 2,709,000
Accumulated amortization on financing and leasing fees $ 1,229,000 $ 1,139,000
Mortgages payable | Minimum    
MORTGAGE NOTES PAYABLE    
Interest rate (as a percent) 2.97%  
Mortgages payable | Maximum    
MORTGAGE NOTES PAYABLE    
Interest rate (as a percent) 4.95%