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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
OPERATING ACTIVITIES:                  
Net income $ 18,330 $ 13,850 $ 17,665 $ 12,338 $ 1,952 $ 63,722 $ 32,180 $ 65,674  
Adjustments to reconcile net income to net cash provided by operating activities:                  
Depreciation and amortization             19,385 19,466  
Stock-based compensation expense             3,810 3,539  
Gain on sale of real estate, net (5,463)       (189)   (4,690) (44,043)  
Loss on unconsolidated joint ventures         620     620  
Income from unconsolidated joint ventures             (665) (231)  
Income distributions from unconsolidated joint ventures               231  
Straight-line rental income 19       (634)   (663) (1,473)  
Adjustment for collectibility of rental income and lease incentives         17,742   758 17,742  
Lease incentives funded             (180) (13)  
Amortization of lease incentives 116       108   228 209  
(Recovery) provision for credit losses             (9) 1  
Other non-cash items, net             521 512  
Increase in interest receivable             (3,231) (3,115)  
Decrease in accrued interest payable             (123) (396)  
Net change in other assets and liabilities             1,323 (3,076)  
Net cash provided by operating activities             48,644 55,647  
INVESTING ACTIVITIES:                  
Investment in real estate properties               (13,581)  
Investment in real estate developments               (10,348)  
Investment in real estate capital improvements             (2,046) (3,053)  
Capitalized interest               (277)  
Proceeds from sale of real estate, net             36,532 72,141  
Investment in real estate mortgage loans receivable             (426) (2,557)  
Principal payments received on mortgage loans receivable             625 565  
Investments in unconsolidated joint ventures             (5,676) (58)  
Proceeds from liquidation of investments in unconsolidated joint ventures               17,464  
Advances and originations under notes receivable             (1,811) (611)  
Principal payments received on notes receivable             2,553 2,163  
Net cash provided by investing activities             29,751 61,848  
FINANCING ACTIVITIES:                  
Bank borrowings             17,000 24,000  
Repayment of bank borrowings             (41,000) (28,000)  
Principal payments on senior unsecured notes             (7,000)    
Stock repurchase plan               (18,012)  
Distributions paid to stockholders             (45,608) (45,526)  
Distributions paid to non-controlling interests             (179) (243)  
Financing costs paid             (35) (35)  
Cash paid for taxes in lieu of shares upon vesting of restricted stock and performance-based stock units             (3,573) (3,545)  
Other             (58) (8)  
Net cash used in financing activities             (80,453) (71,369)  
(Decrease) increase in cash, cash equivalents and restricted cash             (2,058) 46,126  
Cash, cash equivalents and restricted cash, beginning of period   $ 7,772   $ 50,370   $ 4,244 7,772 4,244 $ 4,244
Cash, cash equivalents and restricted cash, end of period $ 5,714   $ 7,772   $ 50,370   5,714 50,370 $ 7,772
Supplemental disclosure of cash flow information:                  
Interest paid             13,437 15,142  
Non-cash investing and financing transactions:                  
Reclassification of notes receivable to lease incentives               $ 300  
Preferred return reserve related to investment in unconsolidated joint ventures             $ 2,324