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CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Schedule of Guarantees

The following table represents the Operating Partnership's guarantees of unconsolidated affiliates' debt as reflected in the accompanying consolidated balance sheets as of December 31, 2018 and 2017:

		As of December 31, 2018														Obligation recorded to reflect guaranty
Unconsolidated Affiliate		Company's Ownership Interest		Outstanding Balance				Percentage Guaranteed by the Operating Partnership		Maximum Guaranteed Amount				Debt Maturity Date (1)		12/31/2018				12/31/2017
West Melbourne I, LLC - Phase I (2)		50%		$	40,587			50%	(3)	$	20,294			Feb-2021	(3)	$	203			$	86
West Melbourne I, LLC - Phase II (2)		50%		16,007				50%	(3)	8,004				Feb-2021	(3)	80				33
Port Orange I, LLC		50%		56,087				50%	(3)	28,044				Feb-2021	(3)	280				116
Ambassador Infrastructure, LLC		65%		10,605				100%		10,605				Aug-2020		106				177
Shoppes at Eagle Point, LLC		50%		33,826				100%	(4)	36,400				Oct-2020	(5)	364				364
EastGate Storage, LLC		50%		5,222				100%	(6)	6,500				Dec-2022		65				65
Self Storage at Mid Rivers, LLC (7)		50%		3,892				100%		5,987				Apr-2023		60				—
								Total guaranty liability								$	1,158			$	841

(1) Excludes any extension options.

(2) The loan is secured by Hammock Landing - Phase I and Hammock Landing - Phase II, respectively.

(3) The loan was amended in May 2018 to extend the maturity date and increase the guaranty from 20%. The loan has two one-year extension options for an outside maturity date of February 2023. See Note 6 for more information.

(4) The guaranty will be reduced to 35% once certain debt and operational metrics are met.

(5) The loan has one two-year extension option, at the joint venture's election, for an outside maturity date of October 2022.

(6) Once construction is complete, the guaranty will be reduced to 50%. The guaranty will be further reduced to 25% once certain debt and operational metrics are met.

(7) The Company received a 1% fee for the guaranty when the loan was issued in April 2018. The guaranty will be reduced to 50% once construction is complete. The guaranty will be further reduced to 25% once certain debt and operational metrics are met. See Note 6 for more information.

Schedule of Future Obligations under Operating Leases

The future obligations under these operating leases at December 31, 2018, are as follows:

2019		$	504
2020		610
2021		517
2022		321
2023		281
Thereafter		12,297
		$	14,530

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Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

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