MORTGAGE AND OTHER NOTES PAYABLE (Tables)

6 Months Ended

Jun. 30, 2016

Mortgage Loans on Real Estate [Abstract]

Schedule of Mortgage Notes Payable

The Company completed the following transactions related to mortgage notes payable during the six months ended June 30, 2016:

(dollars in thousands)			Borrowings				Repayments
Property	Date	Description	Amount		Interest Rate	Maturity Date	Amount		Interest Rate
Cortlandt Town Center	January	Repayment	$	—	—		$	83,070	LIBOR+1.65%
1964 Union Street	January	Assumption	1,463		3.8%	10/1/2025	—
Chicago Street Retail Portfolio	January	Repayment	—		—		14,955		5.62%
Heritage Shops	April	Repayment	—		—		24,456		LIBOR+1.55%
330-340 River Street	May	Refinancing	12,000		LIBOR+1.70%	6/1/2026	10,336		5.24%
2208-2216 Fillmore Street	June	New borrowing	5,606		3.4%	6/1/2026	—
1861 Union Street	June	New borrowing	2,315		3.4%	6/1/2026	—
Brandywine Portfolio	June	Repayment	—				139,950		6.0%
Total			$	21,384			$	272,767

Additionally, the Company is in default on one loan with respect to $26.3 million of non-recourse mortgage debt which is collateralized by a property.