XML 67 R53.htm IDEA: XBRL DOCUMENT v3.3.1.900
RELATED PARTY TRANSACTIONS (Details) - USD ($)
12 Months Ended
Jan. 01, 2016
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Related Party Transaction        
Number of shares of common stock owned by the related party   16,292,000 15,728,000  
Number of shares purchased by the related party under the dividend reinvestment plan   197,000 227,000 210,000
Cost of plans charged to operations   $ 2,334,000 $ 1,833,000 $ 1,440,000
Gould Investors L.P.        
Related Party Transaction        
Number of shares of common stock owned by the related party   1,785,976 1,704,765  
Ownership percentage held by the related party   10.60% 10.50%  
Number of shares purchased by the related party under the dividend reinvestment plan   81,211 106,761  
Number of shares purchased by the related party in the open market     700  
Amount of insurance reimbursed   $ 520,000 $ 400,000 359,000
Real estate insurance expense   339,000 250,000 178,000
Majestic        
Related Party Transaction        
Annual fee paid in consideration for providing services   2,339,000 2,669,000 2,725,000
Property management costs allocated to real estate expenses annually   892,500 850,000 600,000
Additional payment for the entity's share of all direct office expenses   196,000 186,000 175,000
Chairman        
Related Party Transaction        
Fee paid   262,500 250,000 250,000
Vice Chairman        
Related Party Transaction        
Fee paid   105,000 100,000 100,000
Subsidiary of Gould        
Related Party Transaction        
Annual lease rent   7,000 42,000 41,000
Executive officers and others        
Related Party Transaction        
Cost of plans charged to operations   1,245,000 1,045,000 867,000
Joint venture partners        
Related Party Transaction        
Financing fee received   $ 131,000    
Percentage of financing fees in Other Income   50.00%    
Real estate management and acquisition costs   $ 198,000 262,000 $ 107,000
Joint venture partners | Land and Building        
Related Party Transaction        
Real estate management and acquisition costs   117,000 $ 117,000  
Corporate joint venture        
Related Party Transaction        
Aggregate fees paid to other partners   409,000    
Decrease in equity earnings, joint venture transaction   $ 205,000    
Subsequent event | Net lease tenants        
Related Party Transaction        
Property management fee (as a percent) 1.50%      
Subsequent event | Operating lease tenants        
Related Party Transaction        
Property management fee (as a percent) 2.00%