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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 7,874 $ 4,820
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on settlement of debt (1,240)  
Gain on sale of real estate (932)  
Gain on sale of available-for-sale securities   (129)
Increase in rental income from straight-lining of rent (679) (880)
Decrease in rental income resulting from bad debt expense 508 79
Decrease in rental income from amortization of intangibles relating to leases 47 10
Amortization of restricted stock expense 521 460
Gain on disposition of real estate held by unconsolidated joint venture   (107)
Equity in earnings of unconsolidated joint ventures (135) (253)
Distributions of earnings from unconsolidated joint ventures 199 209
Depreciation and amortization 4,711 4,291
Amortization and write off of financing costs 495 292
Changes in assets and liabilities:    
(Increase) decrease in escrow, deposits, other assets and receivables (693) 89
Decrease in accrued expenses and other liabilities (887) (1)
Net cash provided by operating activities 9,789 8,880
Cash flows from investing activities:    
Purchase of real estate and improvements (2,612) (15,936)
Net proceeds from sale of real estate 11,544  
Investment in unconsolidated joint ventures (669)  
Distributions of return of capital from unconsolidated joint ventures 23 22
Prepaid tenant improvement allowance   (1,750)
Net proceeds from sale of available-for-sale securities   5,997
Net cash provided by (used in) investing activities 8,286 (11,667)
Cash flows from financing activities:    
Scheduled amortization payments of mortgages payable (2,750) (2,721)
Repayment of mortgages payable (15,303) (2,433)
Proceeds from mortgage financings 2,000 3,000
Proceeds from common stock offering, net 40,569  
Proceeds from bank line of credit 4,500  
Repayment on bank line of credit (36,200)  
Issuance of shares through dividend reinvestment plan 1,843  
Payment of financing costs (475) (882)
Cash distributions to common stockholders (8,544) (3,683)
Expenses associated with stock issuance   (48)
Net cash used in financing activities (14,360) (6,767)
Net increase (decrease) in cash and cash equivalents 3,715 (9,554)
Cash and cash equivalents at beginning of period 7,732 28,036
Cash and cash equivalents at end of period 11,447 18,482
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest expense 7,131 6,783
Supplemental schedule of non-cash investing and financing activities:    
Common stock dividend - portion paid in shares of Company's common stock   2,209
Assumption of mortgage payable in connection with purchase of real estate   17,654
Settlement of mortgage debt 1,259  
Purchase accounting allocation - intangible lease assets 234 1,121
Purchase accounting allocation - intangible lease liabilities 612 365
Reclassification of 2010 prepaid tenant improvement allowance to building improvements 1,750  
Reclassification of real estate owned to property held for sale   $ 10,678