INVESTMENTS IN REAL ESTATE (Tables)

12 Months Ended

Dec. 31, 2013

Real Estate Investments, Net [Abstract]

Summary of Carrying Value of Investments in Real Estate

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

	December 31,
	2013		2012
Properties owned, net of accumulated depreciation of $8,666 and $7,821:
Hotel property (Savannah, Georgia)	$	10,504	$	11,107
Office building (Philadelphia, Pennsylvania)	781		1,058
	11,285		12,165
Partnerships and other investments	6,411		5,876
Total investments in real estate, net	$	17,696	$	18,041

Schedule of Future Minimum Rental Payments for Operating Leases

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

2014	$	1,018
2015	875
2016	661
2017	560
2018	566
Thereafter	637
Total	$	4,317