INVESTMENTS IN REAL ESTATE (Tables)

3 Months Ended

Mar. 31, 2016

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):

	March 31, 2016		December 31, 2015
Properties owned, net of accumulated depreciation of $9,894 and $9,752:
Hotel property (Savannah, Georgia)	$	9,456	$	9,757
Office building (Philadelphia, Pennsylvania)	861		877
	10,317		10,634
Partnerships and other investments	5,435		5,388
Total investments in real estate, net	$	15,752	$	16,022

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 March 31, and thereafter, are as follows (in thousands):

2017	$	1,010
2018	1,038
2019	960
2020	689
2021	566
Thereafter	315
Total	$	4,578