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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 15,743,000 $ 12,921,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of real estate (9,705,000) (5,392,000)
Purchase price fair value adjustment   (960,000)
Gain on available-for-sale securities (27,000)  
Increase in unbilled rent receivable (1,141,000) (879,000)
Write-off of unbilled rent receivable 7,000 226,000
Decrease in rental income and tenant reimbursements resulting from bad debt expense 190,000  
Amortization of intangibles relating to leases, net (294,000) (326,000)
Amortization of restricted stock expense 1,406,000 1,162,000
Equity in (earnings) loss of unconsolidated joint ventures (566,000) 36,000
Distributions of earnings from unconsolidated joint ventures 394,000 394,000
Depreciation and amortization 8,583,000 7,655,000
Amortization and write-off of deferred financing costs 455,000 641,000
Payment of leasing commissions (874,000) (639,000)
Increase in escrow, deposits, other assets and receivables (1,015,000) (36,000)
Decrease in accrued expenses and other liabilities (1,521,000) (351,000)
Net cash provided by operating activities 11,635,000 14,452,000
Cash flows from investing activities:    
Purchase of real estate (47,268,000) (31,748,000)
Improvements to real estate (2,041,000) (1,024,000)
Net proceeds from sales of real estate 40,051,000 16,025,000
Purchase of partner's interest in unconsolidated joint venture   (6,300,000)
Investment in unconsolidated joint ventures   (12,686,000)
Net proceeds from sale of available-for-sale securities 33,000  
Distributions of capital from unconsolidated joint ventures 253,000 733,000
Net cash used in investing activities (8,972,000) (35,000,000)
Cash flows from financing activities:    
Scheduled amortization payments of mortgages payable (4,216,000) (3,769,000)
Repayment of mortgages payable (38,115,000) (25,308,000)
Proceeds from mortgage financings 63,700,000 40,768,000
Proceeds from sale of common stock, net 5,807,000 1,094,000
Proceeds from bank line of credit 39,500,000 35,900,000
Repayment on bank line of credit (32,400,000) (18,900,000)
Issuance of shares through dividend reinvestment plan 1,308,000 1,755,000
Payment of financing costs (1,334,000) (523,000)
Capital contributions from non-controlling interests 30,000 663,000
Distributions to non-controlling interests (225,000) (1,633,000)
Cash distributions to common stockholders (13,897,000) (12,701,000)
Net cash provided by financing activities 20,158,000 17,346,000
Net increase (decrease) in cash and cash equivalents 22,821,000 (3,202,000)
Cash and cash equivalents at beginning of year 12,736,000 20,344,000
Cash and cash equivalents at end of period 35,557,000 17,142,000
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest expense 8,207,000 7,773,000
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 3,967,000 2,529,000
Purchase accounting allocation - intangible lease liabilities $ (336,000) $ (4,782,000)