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MORTGAGE NOTES PAYABLE (Mortgages Payable) (Details) - USD ($) | 12 Months Ended |
--- | --- | ---
Dec. 31, 2024 | Dec. 31, 2023
MORTGAGE NOTES PAYABLE |  |
Effective interest rate (as a percent) | 4.41% |
Financing fees, net | $ 217,000 | $ 52,000
Annual maturities of mortgage debt |  |
2025-current maturities | 3,579,000 |
2026 | 25,088,000 |
2027 | 23,328,000 |
2028 | 31,875,000 |
2029 | 28,301,000 |
Thereafter | 296,434,000 |
Total | 408,605,000 |
Less: unamortized deferred financing costs | 2,399,000 |
Outstanding amount of mortgage | 406,205,910 | 408,660,292
Mortgages payable |  |
MORTGAGE NOTES PAYABLE |  |
Amount of monthly installments including principal | $ 1,566,000 |
Weighted average interest rate (as a percent) | 3.68% |
Effective interest rate (as a percent) | 3.77% |
Financing fees, net | $ 2,399,000 | 2,779,000
Accumulated amortization on financing and leasing fees | $ 1,733,000 | $ 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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