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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income $ 8,979 $ 7,874
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 (2,524) (932)
Gain on sale of available-for-sale securities (9)  
Increase in rental income from straight-lining of rent (671) (679)
(Increase) decrease in rental income resulting from bad debt expense (17) 508
Decrease in rental income from amortization of intangibles relating to leases 4 47
Amortization of restricted stock expense 586 521
Equity in earnings of unconsolidated joint ventures (453) (135)
Distributions of earnings from unconsolidated joint ventures 236 199
Depreciation and amortization 5,076 4,711
Amortization and write off of financing costs 398 495
Changes in assets and liabilities:    
Increase in escrow, deposits, other assets and receivables (752) (693)
Decrease in accrued expenses and other liabilities (841) (887)
Net cash provided by operating activities 10,012 9,789
Cash flows from investing activities:    
Net proceeds from sale of real estate 7,048 11,544
Purchase of real estate and improvements (16,516) (2,612)
Investment in unconsolidated joint ventures   (669)
Distributions of return of capital from unconsolidated joint ventures 84 23
Net proceeds from sale of available-for-sale securities 369  
Net cash (used in) provided by investing activities (9,015) 8,286
Cash flows from financing activities:    
Scheduled amortization payments of mortgages payable (2,936) (2,750)
Repayment of mortgages payable   (15,303)
Proceeds from mortgage financings 13,817 2,000
Proceeds from common stock offering, net   40,569
Proceeds from bank line of credit 9,300 4,500
Repayment on bank line of credit (9,700) (36,200)
Issuance of shares through dividend reinvestment plan 1,889 1,843
Payment of financing costs (819) (475)
Capital contributions from non-controlling interests 93  
Distribution to non-controlling interest (290)  
Cash distributions to common stockholders (9,666) (8,544)
Net cash provided by (used in) financing activities 1,688 (14,360)
Net increase in cash and cash equivalents 2,685 3,715
Cash and cash equivalents at beginning of period 12,668 7,732
Cash and cash equivalents at end of period 15,353 11,447
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest expense 6,874 7,131
Supplemental schedule of non-cash investing and financing activities:    
Contribution of property to unconsolidated joint venture 11,734  
Settlement of mortgage debt   1,259
Purchase accounting allocation - intangible lease assets 3,487 234
Purchase accounting allocation - intangible lease liabilities 11 612
Reclassification of real estate owned to property contributed to joint venture   11,842
Reclassification of real estate owned to properties held for sale 2,732 7,718
Reclassification of 2010 prepaid tenant improvement allowance to building improvements   $ 1,750