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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 10,116,000 $ 8,569,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of real estate, net (4,252,000) (1,099,000)
Loss on derivative instrument reclassified into Prepayment costs on debt 775,000  
Increase in unbilled rent receivable (1,168,000) (799,000)
Amortization and write-off of intangibles relating to leases, net (373,000) (509,000)
Amortization of restricted stock expense 2,305,000 1,892,000
Equity in (earnings) loss of unconsolidated joint ventures (54,000) 82,000
Equity in earnings from sale of unconsolidated joint venture property (121,000)  
Distributions of earnings from unconsolidated joint ventures 116,000 41,000
Depreciation and amortization 11,478,000 10,787,000
Amortization and write-off of deferred financing costs 459,000 487,000
Payment of leasing commissions (38,000) (186,000)
(Increase) decrease in escrow, deposits, other assets and receivables (2,087,000) 683,000
Increase (decrease) in accrued expenses and other liabilities 963,000 (1,637,000)
Net cash provided by operating activities 18,119,000 18,311,000
Cash flows from investing activities:    
Purchase of real estate (28,504,000) (26,978,000)
Improvements to real estate (265,000) (2,335,000)
Net proceeds from sale of real estate 7,093,000 5,314,000
Distributions of capital from unconsolidated joint venture 271,000 11,000
Net cash used in investing activities (21,405,000) (23,988,000)
Cash flows from financing activities:    
Scheduled amortization payments of mortgages payable (6,454,000) (6,433,000)
Repayment of mortgages payable upon sale of properties (3,332,000) (1,705,000)
Proceeds from mortgage financings 18,200,000 23,545,000
Proceeds from sale of common stock, net   5,314,000
Proceeds from bank line of credit 41,500,000 33,650,000
Repayment on bank line of credit (22,100,000) (31,500,000)
Issuance of shares through dividend reinvestment plan 1,026,000 2,787,000
Payment of financing costs (173,000) (382,000)
Distributions to non-controlling interests (13,000) (697,000)
Cash distributions to common stockholders (18,003,000) (17,555,000)
Net cash provided by financing activities 10,651,000 7,024,000
Net increase in cash, cash equivalents and restricted cash 7,365,000 1,347,000
Cash, cash equivalents and restricted cash at beginning of year 11,968,000 16,733,000
Cash, cash equivalents and restricted cash at end of period 19,333,000 18,080,000
Supplemental disclosures of cash flow information:    
Cash paid during the year for interest expense 9,653,000 9,912,000
Supplemental disclosure of non-cash investing activities:    
Purchase accounting allocation - intangible lease assets 3,905,000 1,753,000
Purchase accounting allocation - intangible lease liabilities $ (568,000) $ (305,000)