Quarterly report pursuant to Section 13 or 15(d)

DEBT(Tables)

v3.5.0.2
DEBT(Tables)
9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]
As of September 30, 2016, the Company’s mortgage notes payable consisted of the following:
 
 
 
 
 
Deferred
 
 
 
 
 
 
 
 
 
Principal
 
Financing
 
 
 
Contractual
 
 
 
 
 
Amount
 
Costs, Net
 
Net Balance
 
Interest Rate
 
Loan Maturity
 
Accredo/Walgreens loan
 
$
7,298,384
 
$
(163,671)
 
$
7,134,713
 
 
3.95
%
 
7/1/2021
 
Schedule of Maturities of Long-term Debt [Table Text Block]
The following summarizes the future principal repayment of the Company’s mortgage notes payable and Unsecured Credit Facility as of September 30, 2016:
 
 
 
Mortgage Note
 
Unsecured
 
 
 
 
 
Payable
 
Credit Facility
 
Total
 
Remaining 2016
 
$
32,239
 
$
–
 
$
32,239
 
2017
 
 
132,180
 
 
6,963,500
 
 
7,095,680
 
2018
 
 
137,496
 
 
–
 
 
137,496
 
2019
 
 
143,027
 
 
–
 
 
143,027
 
2020
 
 
148,780
 
 
–
 
 
148,780
 
2021
 
 
6,704,662
 
 
–
 
 
6,704,662
 
Total principal
 
 
7,298,384
 
 
6,963,500
 
 
14,261,884
 
Deferred financing costs, net
 
 
(163,671)
 
 
(1,755)
 
 
(165,426)
 
Total
 
$
7,134,713
 
$
6,961,745
 
$
14,096,458