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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 4,011 $ 6,653
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of real estate, net   (2,408)
Increase in unbilled rent receivable (395) (287)
Amortization of intangibles relating to leases, net (254) (240)
Amortization of restricted stock expense 954 826
Equity in loss (earnings) of unconsolidated joint ventures 116 (195)
Distributions of earnings from unconsolidated joint ventures   51
Depreciation and amortization 5,347 5,182
Amortization and write-off of deferred financing costs 232 228
Payment of leasing commissions (141) (8)
Increase in escrow, deposits, other assets and receivables 495 160
Decrease in accrued expenses and other liabilities (2,250) (20)
Net cash provided by operating activities 8,115 9,942
Cash flows from investing activities:    
Purchase of real estate   (12,900)
Improvements to real estate (687) (5,231)
Net proceeds from sale of real estate   8,958
Distributions of capital from unconsolidated joint venture 11  
Net cash used in investing activities (676) (9,173)
Cash flows from financing activities:    
Scheduled amortization payments of mortgages payable (3,135) (2,662)
Repayment of mortgages payable   (9,099)
Proceeds from mortgage financings 23,545 7,900
Proceeds from sale of common stock, net 1,039  
Proceeds from bank line of credit 4,000 20,000
Repayment on bank line of credit (28,000) (8,500)
Issuance of shares through dividend reinvestment plan 1,199 1,181
Payment of financing costs (378) (164)
Distributions to non-controlling interests (5) (1,082)
Cash distributions to common stockholders (8,724) (8,493)
Net cash used in financing activities (10,459) (919)
Net decrease in cash, cash equivalents and restricted cash (3,020) (150)
Cash, cash equivalents and restricted cash at beginning of year 16,733 14,668
Cash, cash equivalents and restricted cash at end of period 13,713 14,518
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest expense 4,939 $ 4,297
Supplemental disclosure of non-cash investing activity:    
Right of use asset and related lease liability $ 4,381