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MORTGAGE NOTES PAYABLE (Mortgages Payable) (Details) - USD ($) | 3 Months Ended |
--- | --- | ---
Mar. 31, 2024 | Dec. 31, 2023
MORTGAGE NOTES PAYABLE |  |
Effective interest rate (as a percent) | 4.29% |
Financing fees, net | $ 36,000 | $ 52,000
Annual maturities of mortgage debt |  |
2025-current maturities | 3,013,000 |
2026 | 22,043,000 |
2027 | 6,625,000 |
2028 | 23,180,000 |
2029 | 58,851,000 |
Thereafter | 297,032,000 |
Total | 410,744,000 |
Less: unamortized deferred financing costs | 2,684,000 |
Outstanding amount of mortgage | 408,060,293 | 408,660,292
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) | 3.77% |
Financing fees, net | $ 2,684,000 | 2,779,000
Accumulated amortization on financing and leasing fees | $ 1,448,000 | $ 1,353,000
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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