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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 20,067,000 $ 16,712,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sales of real estate, net (9,824,000) (5,392,000)
Purchase price fair value adjustment   (960,000)
Gain on available-for-sale securities (27,000)  
Increase in unbilled rent receivable (1,757,000) (1,327,000)
Write-off of unbilled rent receivable 7,000 315,000
Decrease in rental income and tenant reimbursements resulting from bad debt expense 190,000  
Amortization of intangibles relating to leases, net (465,000) (621,000)
Amortization of restricted stock expense 2,176,000 1,742,000
Equity in earnings of unconsolidated joint ventures (794,000) (311,000)
Distributions of earnings from unconsolidated joint ventures 755,000 465,000
Depreciation and amortization 13,246,000 12,090,000
Amortization and write-off of deferred financing costs 644,000 828,000
Payment of leasing commissions (1,041,000) (709,000)
Increase in escrow, deposits, other assets and receivables (1,153,000) (178,000)
Decrease in accrued expenses and other liabilities (121,000) 662,000
Net cash provided by operating activities 21,903,000 23,316,000
Cash flows from investing activities:    
Purchase of real estate (118,589,000) (67,548,000)
Improvements to real estate (3,900,000) (2,479,000)
Net proceeds from sales of real estate 40,207,000 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 305,000 761,000
Net cash used in investing activities (81,944,000) (72,227,000)
Cash flows from financing activities:    
Scheduled amortization payments of mortgages payable (6,621,000) (5,679,000)
Repayment of mortgages payable (38,115,000) (25,308,000)
Proceeds from mortgage financings 111,102,000 66,005,000
Proceeds from sale of common stock, net 14,297,000 2,934,000
Proceeds from bank line of credit 86,000,000 45,400,000
Repayment on bank line of credit (81,450,000) (22,900,000)
Issuance of shares through dividend reinvestment plan 2,188,000 3,085,000
Payment of financing costs (1,260,000) (996,000)
Capital contribution from non-controlling interests 30,000 713,000
Distributions to non-controlling interests (236,000) (1,670,000)
Cash distributions to common stockholders (20,985,000) (19,121,000)
Net cash provided by financing activities 64,950,000 42,463,000
Net increase (decrease) in cash and cash equivalents 4,909,000 (6,448,000)
Cash and cash equivalents at beginning of year 12,736,000 20,344,000
Cash and cash equivalents at end of period 17,645,000 13,896,000
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest expense 12,590,000 11,830,000
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 8,194,000 5,780,000
Purchase accounting allocation - intangible lease liabilities $ (6,288,000) $ (5,366,000)