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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Schedule of Real Estate Properties [Table Text Block]
Real estate held for sale consisted of the following as of June 30, 2018 and December 31, 2017 (in thousands):
 
 
 
June 30, 2018
 
December 31, 2017
 
 
 
 
 
 
 
 
 
Land
 
$
4,362
 
$
393
 
Buildings
 
 
8,509
 
 
1,857
 
Lease Intangibles (Asset)
 
 
1,124
 
 
557
 
Lease Intangibles (Liability)
 
 
(512)
 
 
 
 
 
 
 
13,483
 
 
2,807
 
 
 
 
 
 
 
 
 
Accumulated depreciation and amortization
 
 
(1,226)
 
 
(387)
 
Total Real Estate Held for Sale
 
$
12,257
 
$
2,420
 
Schedule of Amortization of Deferred Expenses [Table Text Block]
The following schedule summarizes the Company’s amortization of deferred expenses for the three and six months ended June 30, 2018 and 2017 (in thousands):
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
June 30, 2018
 
June 30, 2017
 
June 30, 2018
 
June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit Facility Financing Costs
 
$
101
 
$
104
 
$
202
 
$
202
 
Leasing Costs
 
 
41
 
 
40
 
 
84
 
 
80
 
Lease Intangibles (Asset)
 
 
5,596
 
 
3,890
 
 
10,916
 
 
7,330
 
Lease Intangibles (Liability)
 
 
(1,069)
 
 
(1,041)
 
 
(2,154)
 
 
(2,053)
 
Total
 
$
4,669
 
$
2,993
 
$
9,048
 
$
5,559
 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
The following schedule represents estimated future amortization of deferred expenses as of June 30, 2018 (in thousands):
 
Year Ending December 31,
 
2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(remaining)
 
2019
 
2020
 
2021
 
2022
 
Thereafter
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit Facility Financing Costs
 
$
192
 
$
380
 
$
379
 
$
21
 
$
-
 
$
-
 
$
972
 
Leasing Costs
 
 
97
 
 
178
 
 
202
 
 
194
 
 
185
 
 
637
 
 
1,493
 
Lease Intangibles (Asset)
 
 
12,000
 
 
23,495
 
 
23,086
 
 
22,408
 
 
21,331
 
 
133,456
 
 
235,776
 
Lease Intangibles (Liability)
 
 
(2,083)
 
 
(4,222)
 
 
(4,138)
 
 
(3,853)
 
 
(2,953)
 
 
(9,859)
 
 
(27,108)
 
Total
 
$
10,206
 
$
19,831
 
$
19,529
 
$
18,770
 
$
18,563
 
$
124,234
 
$
211,133
 
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following is a reconciliation of the denominator of the basic net earnings per common share computation to the denominator of the diluted net earnings per common share computation for each of the periods presented:
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
June 30, 2018
 
June 30, 2017
 
June 30, 2018
 
June 30, 2017
 
Weighted average number of common shares outstanding
 
 
31,033,259
 
 
26,619,350
 
 
31,023,457
 
 
26,402,377
 
Less: Unvested restricted stock
 
 
(212,074)
 
 
(229,647)
 
 
(212,074)
 
 
(229,647)
 
Weighted average number of common shares outstanding used in basic earnings per share
 
 
30,821,185
 
 
26,389,703
 
 
30,811,383
 
 
26,172,730
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding used in basic earnings per share
 
 
30,821,185
 
 
26,389,703
 
 
30,811,383
 
 
26,172,730
 
Effect of dilutive securities: restricted stock
 
 
59,252
 
 
67,637
 
 
47,620
 
 
67,490
 
Effect of dilutive securities: forward equity offering
 
 
341,784
 
 
-
 
 
177,691
 
 
-
 
Weighted average number of common shares outstanding used in diluted earnings per share
 
 
31,222,221
 
 
26,457,340
 
 
31,036,694
 
 
26,240,220
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Partnership Units (“OP Units”)
 
 
347,619
 
 
347,619
 
 
347,619
 
 
347,619
 
Weighted average number of common shares and OP Units outstanding used in diluted earnings per share
 
 
31,569,840
 
 
26,804,959
 
 
31,384,313
 
 
26,587,839