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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 8,569 $ 11,199
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of real estate, net (1,099) (2,408)
Increase in unbilled rent receivable (799) (537)
Amortization and write-off of intangibles relating to leases, net (509) (488)
Amortization of restricted stock expense 1,892 1,682
Equity in loss (earnings) of unconsolidated joint ventures 82 (543)
Equity in earnings from sale of unconsolidated joint venture properties   (71)
Distributions of earnings from unconsolidated joint ventures 41 88
Depreciation and amortization 10,787 10,432
Amortization and write-off of deferred financing costs 487 449
Payment of leasing commissions (186) (95)
Decrease in escrow, deposits, other assets and receivables 683 718
Decrease in accrued expenses and other liabilities (1,637) (1,627)
Net cash provided by operating activities 18,311 18,799
Cash flows from investing activities:    
Purchase of real estate (26,978) (18,452)
Improvements to real estate (2,335) (5,991)
Net proceeds from sale of real estate 5,314 8,958
Distributions of capital from unconsolidated joint venture 11  
Net cash used in investing activities (23,988) (15,485)
Cash flows from financing activities:    
Scheduled amortization payments of mortgages payable (6,433) (5,313)
Repayment of mortgages payable (1,705) (9,827)
Proceeds from mortgage financings 23,545 13,550
Proceeds from sale of common stock, net 5,314 2,258
Proceeds from bank line of credit 33,650 25,000
Repayment on bank line of credit (31,500) (14,100)
Issuance of shares through dividend reinvestment plan 2,787 2,683
Payment of financing costs (382) (262)
Distributions to non-controlling interests (697) (1,159)
Cash distributions to common stockholders (17,555) (17,074)
Net cash provided by (used in) financing activities 7,024 (4,244)
Net increase (decrease) in cash, cash equivalents and restricted cash 1,347 (930)
Cash, cash equivalents and restricted cash at beginning of year 16,733 14,668
Cash, cash equivalents and restricted cash at end of period 18,080 13,738
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest expense 9,912 $ 8,721
Supplemental disclosure of non-cash investing activity:    
Right of use asset and related lease liability 4,381  
Purchase accounting allocation - intangible lease assets 1,753  
Purchase accounting allocation - intangible lease liabilities $ (305)