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MORTGAGE NOTES PAYABLE (Mortgages Payable) (Details) - USD ($) | 9 Months Ended |
--- | --- | ---
Sep. 30, 2023 | Dec. 31, 2022
MORTGAGE NOTES PAYABLE |  |
Effective interest rate (as a percent) | 4.29% |
Financing fees, net | $ 67,000 | $ 109,000
Accumulated amortization on financing and leasing fees | 115,000 | 70,000
Annual maturities of mortgage debt |  |
2024-current maturities | 3,295,000 |
2025 | 3,639,000 |
2026 | 25,267,000 |
2027 | 3,268,000 |
2028 | 22,846,000 |
Thereafter | 353,812,000 |
Total | 412,127,000 |
Less: unamortized deferred financing costs | 2,874,000 |
Outstanding amount of mortgage | 409,253,129 | 410,966,199
Mortgages payable |  |
MORTGAGE NOTES PAYABLE |  |
Amount of monthly installments including principal | $ 1,523,000 |
Weighted average interest rate (as a percent) | 3.68% |
Effective interest rate (as a percent) | 3.78% |
Financing fees, net | $ 2,874,000 | 3,159,000
Accumulated amortization on financing and leasing fees | $ 1,258,000 | $ 973,000
Mortgages payable | Minimum |  |
MORTGAGE NOTES PAYABLE |  |
Interest rate (as a percent) | 2.97% |
Mortgages payable | Maximum |  |
MORTGAGE NOTES PAYABLE |  |
Interest rate (as a percent) | 4.95% |

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