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INCOME TAXES (Details) (USD $) In Thousands, unless otherwise specified | 3 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011
INCOME TAXES |  |  |  |  |  |  |  |  |  |  |
Period of disqualification of REIT status |  |  |  |  |  |  |  |  | 4 years |  |
Reconciliation between Financial Statement Net Income and Federal Taxable Income: |  |  |  |  |  |  |  |  |  |  |
Net income | $ 3,478 | $ 3,211 | $ 7,736 | $ 3,450 | $ 4,933 | $ 18,414 | $ 5,750 | $ 3,223 | $ 17,875 | $ 32,320 | $ 13,724
Straight line rent adjustments |  |  |  |  |  |  |  |  |  | (919) | (1,419)
Rent received in advance, net |  |  |  |  |  |  |  |  |  | 97 | (78)
Financial statement gain on sale - less than (in excess of) tax gain |  |  |  |  |  |  |  |  |  | (445) | 61
Financial statement adjustment for above/below market leases |  |  |  |  |  |  |  |  |  | 6 | 31
Non-deductible portion of restricted stock expense |  |  |  |  |  |  |  |  |  | 341 | 300
Federal excise tax, non-deductible |  |  |  |  |  |  |  |  |  | 290 |
Financial statement depreciation in excess of tax depreciation |  |  |  |  |  |  |  |  |  | (208) | 1,042
Property acquisition costs - capitalized for tax purposes |  |  |  |  |  |  |  |  |  | 836 | 268
Other adjustments |  |  |  |  |  |  |  |  |  | (201) | (516)
Federal taxable income |  |  |  |  |  |  |  |  |  | 32,117 | 13,413
Reconciliation between Cash Dividends Paid and Dividends Paid Deduction: |  |  |  |  |  |  |  |  |  |  |
Dividends paid |  |  |  |  |  |  |  |  |  | 24,252 | 14,758
Dividend reinvestment plan |  |  |  |  |  |  |  |  |  | 256 | 153
Dividends before adjustment for previous and current year |  |  |  |  |  |  |  |  |  | 24,508 | 14,911
Less: Spillover dividends designated to previous year |  |  |  |  |  |  |  |  |  |  | (1,448)
Plus: Dividends designated from following year |  |  |  |  |  |  |  |  |  | 7,659 |
Dividends paid deduction |  |  |  |  |  |  |  |  |  | 32,167 | 13,463
Maximum |  |  |  |  |  |  |  |  |  |  |
Reconciliation between Cash Dividends Paid and Dividends Paid Deduction: |  |  |  |  |  |  |  |  |  |  |
Percentage of discount on common stock purchased through the dividend reinvestment plan |  |  |  |  |  |  |  |  | 5.00% |  |
Forecast |  |  |  |  |  |  |  |  |  |  |
Reconciliation between Financial Statement Net Income and Federal Taxable Income: |  |  |  |  |  |  |  |  |  |  |
Net income |  |  |  |  |  |  |  |  | 17,875 |  |
Straight line rent adjustments |  |  |  |  |  |  |  |  | (1,003) |  |
Rent received in advance, net |  |  |  |  |  |  |  |  | 691 |  |
Financial statement gain on sale - less than (in excess of) tax gain |  |  |  |  |  |  |  |  | 1,391 |  |
Financial statement adjustment for above/below market leases |  |  |  |  |  |  |  |  | (42) |  |
Non-deductible portion of restricted stock expense |  |  |  |  |  |  |  |  | 357 |  |
Federal excise tax, non-deductible |  |  |  |  |  |  |  |  | 45 |  |
Financial statement depreciation in excess of tax depreciation |  |  |  |  |  |  |  |  | 1,644 |  |
Property acquisition costs - capitalized for tax purposes |  |  |  |  |  |  |  |  | 774 |  |
Other adjustments |  |  |  |  |  |  |  |  | (59) |  |
Federal taxable income |  |  |  |  |  |  |  |  | 21,673 |  |
Reconciliation between Cash Dividends Paid and Dividends Paid Deduction: |  |  |  |  |  |  |  |  |  |  |
Dividends paid |  |  |  |  |  |  |  |  | 21,999 |  |
Dividend reinvestment plan |  |  |  |  |  |  |  |  | 230 |  |
Dividends before adjustment for previous and current year |  |  |  |  |  |  |  |  | 22,229 |  |
Less: Spillover dividends designated to previous year |  |  |  |  |  |  |  |  | (7,659) |  |
Plus: Dividends designated from following year |  |  |  |  |  |  |  |  | 7,103 |  |
Dividends paid deduction |  |  |  |  |  |  |  |  | $ 21,673 |  |

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