INVESTMENTS IN REAL ESTATE (Tables)

12 Months Ended

Dec. 31, 2015

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,
	2015		2014
Properties owned, net of accumulated depreciation of $9,752 and $9,198:
Hotel property (Savannah, Georgia)	$	9,757	$	10,110
Office building (Philadelphia, Pennsylvania)	877		888
	10,634		10,998
Partnerships and other investments	5,388		6,099
Total investments in real estate, net	$	16,022	$	17,097

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):

2016	$	972
2017	815
2018	829
2019	492
2020	279
Thereafter	261
Total	$	3,648