INVESTMENTS IN REAL ESTATE (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Investments [Abstract]

Schedule of company's investment in real estate

The Company’s investments in real estate, net, consist of the following (in thousands):

	March 31, 2013		December 31, 2012
Properties owned, net of accumulated depreciation of $8,023 and $7,972:
Hotel property (Savannah, Georgia)	$	10,783	$	11,107
Office building (Philadelphia, Pennsylvania)	844		1,058
	11,627		12,165
Partnerships and other investments	5,476		5,876
Total investments in real estate, net	$	17,103	$	18,041

Schedule of contractual future minimum rental income

The contractual future minimum rental income on non-cancelable operating leases included in properties owned for each of the five succeeding annual periods ending March 31, and thereafter, is as follows (in thousands):

2014	$	858
2015	790
2016	545
2017	442
2018	373
Thereafter	414
	$	3,422