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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 7,831 $ 4,011
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of real estate, net (4,252)  
Increase in unbilled rent receivable (380) (395)
Amortization and write-off of intangibles relating to leases, net (190) (254)
Amortization of restricted stock expense 976 954
Equity in (earnings) loss of unconsolidated joint ventures (64) 116
Equity in earnings from sale of unconsolidated joint venture property (121)  
Depreciation and amortization 5,674 5,347
Amortization and write-off of deferred financing costs 243 232
Payment of leasing commissions (38) (141)
Decrease in escrow, deposits, other assets and receivables 303 495
Increase (decrease) in accrued expenses and other liabilities 69 (2,250)
Net cash provided by operating activities 10,051 8,115
Cash flows from investing activities:    
Purchase of real estate (28,504)  
Improvements to real estate (109) (687)
Net proceeds from sale of real estate 7,093  
Distributions of capital from unconsolidated joint ventures   11
Net cash used in investing activities (21,520) (676)
Cash flows from financing activities:    
Scheduled amortization payments of mortgages payable (3,389) (3,135)
Repayment of mortgages payable (3,332)  
Proceeds from mortgage financings 18,200 23,545
Proceeds from sale of common stock, net   1,039
Proceeds from bank line of credit 41,500 4,000
Repayment on bank line of credit (22,100) (28,000)
Issuance of shares through dividend reinvestment plan 166 1,199
Payment of financing costs (165) (378)
Distributions to non-controlling interests (8) (5)
Cash distributions to common stockholders (8,965) (8,724)
Net cash provided by (used in) financing activities 21,907 (10,459)
Net increase (decrease) in cash, cash equivalents and restricted cash 10,438 (3,020)
Cash, cash equivalents and restricted cash at beginning of year 11,968 16,733
Cash, cash equivalents and restricted cash at end of period 22,406 13,713
Supplemental disclosures of cash flow information:    
Cash paid during the year for interest expense 4,844 4,939
Supplemental disclosure of non-cash investing activities:    
Purchase accounting allocation - intangible lease assets 3,905  
Purchase accounting allocation - intangible lease liabilities $ (568) $ 0