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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 3,285,000 $ 9,207,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of real estate (787,000) (5,392,000)
Purchase price fair value adjustment   (960,000)
Prepayment costs on debt   568,000
Increase in unbilled rent receivable (601,000) (401,000)
Write-off of entire balance of the unbilled rent receivable   226,000
Decrease in rental income and tenant reimbursements resulting from bad debt expense 153,000  
Amortization of intangibles relating to leases, net (160,000) (127,000)
Amortization of restricted stock expense 666,000 577,000
Equity in earnings of unconsolidated joint ventures (209,000) (147,000)
Distributions of earnings from unconsolidated joint ventures 205,000 212,000
Depreciation and amortization 4,185,000 3,734,000
Amortization and write-off of deferred financing costs 244,000 455,000
Payment of leasing commissions (347,000) (550,000)
Increase in escrow, deposits, other assets and receivables (444,000) (84,000)
Decrease in accrued expenses and other liabilities (601,000) (983,000)
Net cash provided by operating activities 5,589,000 6,335,000
Cash flows from investing activities:    
Purchase of real estate (17,050,000) (31,413,000)
Improvements to real estate (1,523,000) (355,000)
Net proceeds from sale of real estate 13,750,000 16,025,000
Purchase of partner's interest in unconsolidated joint venture   (6,300,000)
Investment in unconsolidated joint ventures   (3,664,000)
Distributions of capital from unconsolidated joint ventures 173,000 575,000
Net cash used in investing activities (4,650,000) (25,132,000)
Cash flows from financing activities:    
Scheduled amortization payments of mortgages payable (2,077,000) (1,875,000)
Repayment of mortgages payable (30,515,000) (12,168,000)
Proceeds from mortgage financings 23,350,000 28,268,000
Prepayment costs on debt   (568,000)
Proceeds from sale of common stock, net 1,347,000  
Proceeds from bank line of credit 20,500,000 29,900,000
Repayment on bank line of credit (8,900,000) (14,900,000)
Issuance of shares through dividend reinvestment plan 641,000 585,000
Payment of financing costs (503,000) (397,000)
Capital contributions from non-controlling interests   663,000
Distributions to non-controlling interests (80,000) (1,582,000)
Cash distributions to common stockholders (6,901,000) (6,320,000)
Net cash (used in) provided by financing activities (3,138,000) 21,606,000
Net (decrease) increase in cash and cash equivalents (2,199,000) 2,809,000
Cash and cash equivalents at beginning of year 12,736,000 20,344,000
Cash and cash equivalents at end of period 10,537,000 23,153,000
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest expense 4,129,000 3,783,000
Cash paid during the period for Federal excise tax 190,000 300,000
Supplemental schedule of non-cash investing and financing activities:    
Mortgage debt extinguished upon conveyance of the Company's Morrow, Georgia property to mortgagee by deed-in-lieu of foreclosure   1,466,000
Consolidation of real estate investment   2,633,000
Purchase accounting allocation - intangible lease assets 959,000 2,518,000
Purchase accounting allocation - intangible lease liabilities $ (96,000) $ (4,813,000)