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DEBT OBLIGATIONS (Tables) | 12 Months Ended
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Dec. 31, 2016
DEBT OBLIGATIONS |
Schedule of Adjustments to the Company's previously reported consolidated balance sheet amounts | Consistent with the adoption of ASU 2015-03 (see Note 2), the following table depicts the adjustments to the Company's previously reported consolidated balance sheet amounts at December 31, 2015 (amounts in thousands):
|  | As Previously Reported |  | As Adjusted |
Unamortized deferred financing costs, net |  | $ | 3,914 |  | $ | — |
Escrow, deposits and other assets and receivables |  |  | 4,233 |  |  | 4,268 |
Total assets |  |  | 650,378 |  |  | 646,499 |
Mortgages payable |  |  | 334,428 |  |  | 331,055 |
Line of credit |  |  | 18,250 |  |  | 17,744 |
Total liabilities |  |  | 387,952 |  |  | 384,073 |
Total liabilities and equity |  |  | 650,378 |  |  | 646,499 |
Schedule of Mortgages payable, net | The following table details the Mortgages payable, net, balances per the consolidated balance sheets at December 31, 2016 and 2015 (amounts in thousands):
|  | December 31, |
|  | 2016 |  | 2015 |
Mortgages payable, gross |  | $ | 399,192 |  | $ | 334,428 |
Unamortized deferred financing costs |  |  | (4,294 | ) |  | (3,373 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mortgages payable, net |  | $ | 394,898 |  | $ | 331,055 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of principal repayments | Scheduled principal repayments during the next five years and thereafter are as follows (amounts in thousands):
Year Ending December 31, |  |  |
2017 |  | $ | 19,089 |
2018 |  |  | 20,522 |
2019 |  |  | 14,236 |
2020 |  |  | 14,930 |
2021 |  |  | 20,490 |
Thereafter |  |  | 309,925 |
​ | ​ | ​ | ​ | ​
Total |  | $ | 399,192 |
​ | ​ | ​ | ​ | ​
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Schedule of Line of credit, net | The following table details the Line of credit, net, balances per the consolidated balance sheets at December 31, 2016 and 2015 (amounts in thousands):
|  | December 31, |
|  | 2016 |  | 2015 |
Line of credit, gross |  | $ | 10,000 |  | $ | 18,250 |
Unamortized deferred financing costs |  |  | (936 | ) |  | (506 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Line of credit, net |  | $ | 9,064 |  | $ | 17,744 |
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