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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 21,564,000 $ 24,249,000 $ 24,481,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on sale of real estate, net (5,262,000) (9,837,000) (10,087,000)
Loss on sale of available-for-sale securities     (27,000)
Impairment loss   153,000  
Prepayment costs on debt     577,000
Increase in unbilled rent receivable (1,156,000) (794,000) (2,286,000)
Write-off of unbilled rent receivable 1,514,000 362,000 7,000
Bad debt expense 684,000 291,000 98,000
Amortization and write-off of intangibles relating to leases, net (1,849,000) (897,000) (712,000)
Amortization of restricted stock expense 3,510,000 3,133,000 2,983,000
Equity in earnings of unconsolidated joint ventures (1,304,000) (826,000) (1,005,000)
Equity in earnings from sale of unconsolidated joint venture properties (2,057,000)    
Distributions of earnings from unconsolidated joint ventures 2,341,000 656,000 939,000
Depreciation and amortization 24,155,000 20,993,000 18,164,000
Amortization and write-off of deferred financing costs 985,000 977,000 904,000
Payment of leasing commissions (442,000) (168,000) (1,050,000)
(Increase) decrease in escrow, deposits, other assets and receivables (1,183,000) 252,000 (1,734,000)
Increase (decrease) in accrued expenses and other liabilities 1,146,000 5,885,000 (1,281,000)
Net cash provided by operating activities 42,646,000 44,429,000 29,971,000
Cash flows from investing activities:      
Purchase of real estate (80,290,000) (43,537,000) (118,589,000)
Improvements to real estate (7,311,000) (6,565,000) (4,868,000)
Net proceeds from sale of real estate 27,088,000 26,301,000 42,312,000
Purchase of partner's interest in consolidated joint venture     (446,000)
Distributions of capital from unconsolidated joint ventures 852,000 357,000 647,000
Net proceeds from sale of available-for-sale securities     33,000
Net cash used in investing activities (59,661,000) (23,444,000) (80,911,000)
Cash flows from financing activities:      
Scheduled amortization payments of mortgages payable (11,081,000) (10,520,000) (9,138,000)
Repayment of mortgages payable (24,502,000) (12,936,000) (63,726,000)
Proceeds from mortgage financings 61,733,000 21,210,000 137,628,000
Proceeds from sale of common stock, net 3,138,000 5,570,000 25,787,000
Proceeds from bank line of credit 74,500,000 47,000,000 86,000,000
Repayment on bank line of credit (53,900,000) (47,600,000) (94,250,000)
Issuance of shares through dividend reinvestment plan 5,990,000 4,534,000 3,107,000
Payment of financing costs (1,182,000) (160,000) (2,220,000)
Prepayment costs on debt     (577,000)
Capital contributions from non-controlling interests   20,000 80,000
Distributions to non-controlling interests (1,195,000) (181,000) (271,000)
Cash distributions to common stockholders (34,421,000) (31,704,000) (28,230,000)
Net cash provided by (used in) financing activities 19,080,000 (24,767,000) 54,190,000
Net increase (decrease) in cash, cash equivalents and restricted cash 2,065,000 (3,782,000) 3,250,000
Cash, cash equivalents and restricted cash at beginning of year 14,668,000 18,450,000 15,200,000
Cash, cash equivalents and restricted cash at end of year 16,733,000 14,668,000 18,450,000
Supplemental disclosures of cash flow information:      
Cash paid during the year for interest expense 17,783,000 17,777,000 17,310,000
Cash paid during the year for Federal excise tax, net     190,000
Supplemental schedule of non-cash investing and financing activities:      
Purchase accounting allocation - intangible lease assets 4,435,000 4,009,000 8,194,000
Purchase accounting allocation - intangible lease liabilities $ (2,508,000) $ (158,000) $ (6,288,000)