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MORTGAGE NOTES PAYABLE (Line of Credit) (Details) - Line of Credit |  |  |  | 6 Months Ended |
--- | --- | --- | --- | --- | ---
Apr. 14, 2023 | Oct. 29, 2021 USD ($) | Jul. 31, 2014 USD ($) | Jun. 30, 2023 USD ($) property | Jul. 31, 2017 USD ($)
Line of Credit |  |  |  |  |
Maximum borrowings |  | $ 25,000,000 | $ 25,000,000 |  |
Maximum borrowings during modification period |  | $ 17,000,000 |  |  |
Term of debt |  | 3 years | 3 years |  |
Additional applicable margin rate |  |  | 2.50% |  |
Amount of refinancing costs |  | $ 179,000 |  |  |
Line of credit extension period |  |  |  | 1 year |
Extension fees paid |  |  |  | $ 37,500 | $ 128,000
Number of properties in which borrowing amount collateralized | property |  |  |  | 23 |
Debt yield |  |  |  | 8.50% |
Current covenants |  |  |  |  |
Line of Credit |  |  |  |  |
Leverage ratio |  | 65.00% |  |  |
Tangible net worth |  | $ 200,000,000 |  |  |
Debt yield |  | 9.50% |  |  |
Debt service coverage ratio |  | 1.60 |  |  |
Revised covenants in place until September 30, 2022 |  |  |  |  |
Line of Credit |  |  |  |  |
Leverage ratio |  | 70.00% |  |  |
Tangible net worth |  | $ 175,000,000 |  |  |
Debt yield |  | 8.50% |  | 9.50% |
Debt service coverage ratio |  | 1.35 |  |  |
Revised Covenants in place until December 31, 2022 |  |  |  |  |
Line of Credit |  |  |  |  |
Debt yield |  | 9.00% |  |  |
Federal Funds Rate |  |  |  |  |
Line of Credit |  |  |  |  |
Variable interest rate spread |  |  | 0.50% |  |
LIBOR |  |  |  |  |
Line of Credit |  |  |  |  |
Variable interest rate spread |  | 3.00% | 1.00% |  |
SOFR |  |  |  |  |
Line of Credit |  |  |  |  |
Variable interest rate spread | 10.00% |  |  |  |
Minimum |  |  |  |  |
Line of Credit |  |  |  |  |
Pledged interest ownership percentage |  |  |  | 49.00% |
Maximum |  |  |  |  |
Line of Credit |  |  |  |  |
Pledged interest ownership percentage |  |  |  | 100.00% |

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- Definition Represents the ratio of consolidated adjusted earnings before interest, taxes, depreciation and amortization to interest expense, which is necessary to be maintained under the terms of the senior credit facilities' covenants. + References No definition available. + Details
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- Definition Period of line of credit facility extension, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
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- Definition Maximum borrowing capacity during the modifications period under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References No definition available. + Details
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