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MORTGAGE NOTES PAYABLE (Tables) | 12 Months Ended
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Dec. 31, 2023
MORTGAGE NOTES PAYABLE |
Schedule of approximate annual maturities | Approximate annual maturities at December 31, 2023 are as follows: ​
​ | ​ | ​ | ​ | ​
2024—current maturities |  | $ | 2,853,000 |
2025 | ​ |  | 3,602,000 | ​
2026 | ​ |  | 25,112,000 | ​
2027 | ​ |  | 23,271,000 | ​
2028 | ​ |  | 31,875,000 | ​
Thereafter | ​ |  | 324,726,000 | ​
​ | ​ | ​ | 411,439,000 | ​
Less: unamortized deferred financing costs | ​ | ​ | 2,779,000 | ​
​ | ​ | $ | 408,660,000 | ​
Schedule of debt by property | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | PREVIOUS | ​ | CURRENT | ​ | DEFERRED | ​ | ​
​ | ​ | MORTGAGE | ​ | MORTGAGE | ​ | FINANCE | ​ | PREPAYMENT
PROPERTY NAME |  | BALANCE |  | BALANCE |  | COSTS |  | PENALTY
Clovelly Apts LP | $ | 4,160,000 | $ | 11,214,000 | $ | 121,817 | $ | 167,141
Comm 1137 LP |  | 3,750,000 |  | 5,440,000 |  | 60,504 |  | 151,314
Comm 1144 LP |  | 14,780,000 |  | 32,325,000 |  | 340,007 |  | 592,728
Executive Apts LP |  | 2,415,000 |  | 8,190,000 |  | 89,333 |  | 96,434
N.Beacon 140 LP |  | 6,937,000 |  | 12,683,000 |  | 135,813 |  | 277,003
Olde English Apt LP |  | 3,080,000 |  | 9,608,000 |  | 104,345 |  | 123,956
Redwood Hills LP |  | 6,743,000 |  | 17,105,000 |  | 188,406 |  | 271,204
River Dr. LP |  | 3,465,000 |  | 9,543,000 |  | 104,605 |  | 139,218
Highland St. Apts LP |  | 1,050,000 |  | 3,960,000 |  | 45,076 |  | 41,928
WCB Assoc. LLC |  | 7,000,000 |  | 19,266,000 |  | 204,586 |  | 408,873
Hamilton Oaks Assoc. LP |  | 11,925,000 |  | 26,666,000 |  | 281,596 |  | 476,180
​ | $ | 65,305,000 | $ | 156,000,000 | $ | 1,676,088 | $ | 2,745,979
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | PREVIOUS | ​ | CURRENT | ​ | DEFERRED | ​ | ​
​ | ​ | MORTGAGE | ​ | MORTGAGE | ​ | FINANCE | ​ | PREPAYMENT
PROPERTY NAME |  | BALANCE |  | BALANCE |  | COSTS |  | PENALTY
Dean Street | $ | 5,687,000 | $ | 10,322,000 | $ | 109,841 | $ | 160,943
School Street |  | 13,178,000 |  | 26,993,000 |  | 287,159 |  | 171,676
Westgate Apartments |  | 15,700,000 |  | 38,475,000 |  | 409,299 |  | 401,714
Courtyard at Westgate |  | 2,500,000 |  | 4,494,000 |  | 47,831 |  | 100,211
​ | $ | 37,065,000 | $ | 80,284,000 | $ | 854,130 | $ | 834,544
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

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