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RELATED PARTY TRANSACTIONS (Details) - USD ($) |  |  | 1 Months Ended | 12 Months Ended | 36 Months Ended
--- | --- | --- | --- | --- | ---
Oct. 31, 2016 | Jan. 01, 2016 | Oct. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2016
Related Party Transaction |  |  |  |  |  |  |  |
Share based compensation charged to operations |  |  |  |  | $ 2,983,000 | $ 2,334,000 | $ 1,833,000 |
Number of shares of common stock owned by the related party |  |  |  |  | 17,600,000 | 16,292,000 |  | 17,600,000
Number of shares purchased by the related party under the dividend reinvestment plan |  |  |  |  | 142,000 | 197,000 | 227,000 |
Deptford, New Jersey | Consolidated JV |  |  |  |  |  |  |  |
Related Party Transaction |  |  |  |  |  |  |  |
Purchase of Minority Interest Percentage | 5.00% |  |  |  |  |  |  |
Deptford, New Jersey | Consolidated JV | MCB Real Estate LLC And Its Affiliates |  |  |  |  |  |  |  |
Related Party Transaction |  |  |  |  |  |  |  |
Purchase of Minority Interest Percentage | 5.00% |  | 5.00% |  |  |  |  |
Gould Investors L.P. |  |  |  |  |  |  |  |
Related Party Transaction |  |  |  |  |  |  |  |
Number of shares of common stock owned by the related party |  |  |  |  | 1,785,976 | 1,785,976 |  | 1,785,976
Ownership percentage held by the related party |  |  |  |  | 9.80% | 10.60% |  | 9.80%
Number of shares purchased by the related party under the dividend reinvestment plan |  |  |  |  |  | 81,211 | 106,761 |
Amount of insurance reimbursed |  |  |  |  | $ 699,000 | $ 520,000 | $ 400,000 |
Real estate insurance expense |  |  |  |  | 645,000 | 339,000 | 250,000 |
Majestic |  |  |  |  |  |  |  |
Related Party Transaction |  |  |  |  |  |  |  |
Annual fee paid in consideration for providing services |  |  |  | $ 1,519,000 | 2,504,000 | 2,339,000 | 2,669,000 |
Property management costs allocated to real estate expenses annually |  |  |  |  | 1,057,000 | 892,500 | 850,000 |
Additional payment for the entity's share of all direct office expenses |  |  |  | 216,000 | 196,000 | 196,000 | 186,000 |
Chairman |  |  |  |  |  |  |  |
Related Party Transaction |  |  |  |  |  |  |  |
Fee paid |  |  |  | 276,000 | 262,500 | 262,500 | 250,000 |
Vice Chairman |  |  |  |  |  |  |  |
Related Party Transaction |  |  |  |  |  |  |  |
Fee paid |  |  |  | $ 110,000 | 105,000 | 105,000 | 100,000 |
Subsidiary of Gould |  |  |  |  |  |  |  |
Related Party Transaction |  |  |  |  |  |  |  |
Annual lease rent |  |  |  |  |  | 7,000 | 42,000 |
Executive officers and others |  |  |  |  |  |  |  |
Related Party Transaction |  |  |  |  |  |  |  |
Share based compensation charged to operations |  |  |  |  | 1,480,000 | 1,245,000 | 1,045,000 |
Joint venture partners |  |  |  |  |  |  |  |
Related Party Transaction |  |  |  |  |  |  |  |
Real estate management and acquisition costs |  |  |  |  | 185,000 | 198,000 | $ 262,000 |
Financing fee received |  |  |  |  |  | $ 131,000 |  |
Percentage of financing fees in Other Income |  |  |  |  |  | 50.00% |  |
Joint venture partners | Land and Building |  |  |  |  |  |  |  |
Related Party Transaction |  |  |  |  |  |  |  |
Real estate management and acquisition costs |  |  |  |  |  |  |  | $ 117,000
Corporate joint venture |  |  |  |  |  |  |  |
Related Party Transaction |  |  |  |  |  |  |  |
Aggregate fees paid to other partners |  |  |  |  | 176,000 | $ 409,000 |  |
Decrease in equity earnings, joint venture transaction |  |  |  |  | $ 88,000 | $ 205,000 |  |
Net lease tenants | Majestic |  |  |  |  |  |  |  |
Related Party Transaction |  |  |  |  |  |  |  |
Property management fee (as a percent) |  | 1.50% |  |  |  |  |  |
Operating lease tenants | Majestic |  |  |  |  |  |  |  |
Related Party Transaction |  |  |  |  |  |  |  |
Property management fee (as a percent) |  | 2.00% |  |  |  |  |  |

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