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DEBT OBLIGATIONS (Tables)
12 Months Ended
Dec. 31, 2015
DEBT OBLIGATIONS  
Schedule of principal repayments

        Scheduled principal repayments during the next five years and thereafter are as follows (amounts in thousands):

                                                                                                                                                                                    

Year Ending December 31,

 

 

 

2016

 

$

31,146 

(a)(b)

2017

 

 

31,005 

(a)

2018

 

 

19,099 

 

2019

 

 

17,398 

 

2020

 

 

12,987 

 

Thereafter

 

 

222,793 

 

​  

​  

Total

 

$

334,428 

 

​  

​  

​  

​  


 

 

(a)          

Includes $176 and $7,638 in 2016 and 2017, respectively, related to a mortgage loan on a portfolio of eight properties that was sold on February 1, 2016.

(b)          

Does not give effect to the Company's pay off (i) during February through March 2016 of $8,553 of such debt with a weighted average interest rate of 5.3%, and (ii) in March 2016 of $12,200 of such debt with a 6.1% interest rate with new debt refinancing of $18 million with a 3.38% interest rate and maturing in 2028.