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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 2,886,000 $ 3,285,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of real estate, net   (787,000)
Prepayment costs on debt   423,000
Increase in unbilled rent receivable (203,000) (601,000)
Write-off of unbilled rent receivable 263,000  
Bad debt expense 296,000 153,000
Amortization of intangibles relating to leases, net (246,000) (160,000)
Amortization of restricted stock expense 742,000 666,000
Equity in earnings of unconsolidated joint ventures (245,000) (209,000)
Distributions of earnings from unconsolidated joint ventures 222,000 205,000
Depreciation and amortization 5,553,000 4,185,000
Amortization and write-off of deferred financing costs 227,000 244,000
Payment of leasing commissions   (347,000)
Increase in escrow, deposits, other assets and receivables (323,000) (444,000)
Increase (decrease) in accrued expenses and other liabilities 571,000 (601,000)
Net cash provided by operating activities 9,743,000 6,012,000
Cash flows from investing activities:    
Purchase of real estate   (17,050,000)
Improvements to real estate (412,000) (1,523,000)
Net proceeds from sale of real estate   13,750,000
Distributions of capital from unconsolidated joint ventures 111,000 173,000
Net cash used in investing activities (301,000) (4,650,000)
Cash flows from financing activities:    
Scheduled amortization payments of mortgages payable (2,551,000) (2,077,000)
Repayment of mortgages payable   (30,515,000)
Proceeds from mortgage financings   23,350,000
Proceeds from sale of common stock, net 635,000 1,347,000
Proceeds from bank line of credit   20,500,000
Repayment on bank line of credit (5,000,000) (8,900,000)
Issuance of shares through dividend reinvestment plan 972,000 641,000
Payment of financing costs 160,000 (503,000)
Prepayment costs on debt   (423,000)
Distributions to non-controlling interests (31,000) (80,000)
Cash distributions to common stockholders (7,806,000) (6,901,000)
Net cash used in financing activities (13,621,000) (3,561,000)
Net decrease in cash and cash equivalents (4,179,000) (2,199,000)
Cash and cash equivalents at beginning of year 17,420,000 12,736,000
Cash and cash equivalents at end of period 13,241,000 10,537,000
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest expense $ 4,323,000 4,129,000
Cash paid during the period for Federal excise tax   190,000
Supplemental schedule of non-cash investing and financing activities:    
Purchase accounting allocation - intangible lease assets   959,000
Purchase accounting allocation - intangible lease liabilities   $ (96,000)