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DEBT OBLIGATIONS (Details) (USD $) | 12 Months Ended |
--- | --- | ---
Dec. 31, 2012 item | Dec. 31, 2011
DEBT OBLIGATIONS |  |
Aggregate carrying value of real estate investments | $ 473,341,000 | 430,337,000
Mortgage and loan payable | 225,971,000 | 190,967,000
Accumulated depreciation | 62,816,000 | 54,214,000
Number of real estate properties | 100 |
Repayment of the outstanding debt |  |
2013 | 8,039,000 |
2014 | 37,393,000 |
2015 | 13,216,000 |
2016 | 31,187,000 |
2017 | 43,089,000 |
Thereafter | 93,047,000 |
Total | 225,971,000 | 190,967,000
Mortgages and loan payable |  |
DEBT OBLIGATIONS |  |
Number of debt instruments outstanding | 45 |
Aggregate carrying value of real estate investments | 379,432,000 |
Accumulated depreciation | 49,560,000 |
Weighted average interest rate (as a percent) | 5.25% | 5.90%
Mortgages and loan payable | Minimum | Interest rate swap |  |
DEBT OBLIGATIONS |  |
Fixed interest rate (as a percent) | 3.75% |
Mortgages and loan payable | Maximum | Interest rate swap |  |
DEBT OBLIGATIONS |  |
Fixed interest rate (as a percent) | 8.80% |
Mortgage and loan payable on one property |  |
DEBT OBLIGATIONS |  |
Mortgage and loan payable | 6,068,000 |
Number of real estate properties | 1 |
Floating interest rate | 3.21% |
Repayment of the outstanding debt |  |
Total | $ 6,068,000 |

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