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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 23,842 $ 13,666
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of real estate, net (14,568) (3,643)
Impairment due to casualty loss 430  
Increase in unbilled rent receivable (1,670) (1,171)
Write-off of unbilled rent receivable   382
Amortization and write-off of intangibles relating to leases, net (556) (709)
Amortization of restricted stock expense 3,441 2,834
Equity in (earnings) loss of unconsolidated joint ventures (186) 32
Equity in earnings from sale of unconsolidated joint venture property (121)  
Distributions of earnings from unconsolidated joint ventures 116 41
Depreciation and amortization 17,201 16,353
Amortization and write-off of deferred financing costs 760 739
Payment of leasing commissions (189) (266)
(Increase) decrease in escrow, deposits, other assets and receivables (3,962) 163
Increase (decrease) in accrued expenses and other liabilities 1,141 (571)
Net cash provided by operating activities 25,679 27,850
Cash flows from investing activities:    
Purchase of real estate (28,504) (40,306)
Improvements to real estate (632) (2,979)
Net proceeds from sale of real estate 25,070 23,167
Insurance recovery proceeds due to casualty loss 150  
Contributions of capital to unconsolidated joint venture   (296)
Distributions of capital from unconsolidated joint venture 270 11
Net cash used in investing activities (3,646) (20,403)
Cash flows from financing activities:    
Scheduled amortization payments of mortgages payable (9,568) (9,687)
Repayment of mortgages payable (11,815) (6,812)
Proceeds from mortgage financings 18,200 32,820
Proceeds from sale of common stock, net   5,256
Proceeds from bank line of credit 41,500 48,150
Repayment on bank line of credit (35,800) (58,700)
Issuance of shares through dividend reinvestment plan 1,026 4,319
Payment of financing costs (189) (1,094)
Capital contributions from non-controlling interests 10  
Distributions to non-controlling interests (18) (731)
Cash distributions to common stockholders (22,540) (26,478)
Net cash used in financing activities (19,194) (12,957)
Net increase (decrease) in cash, cash equivalents and restricted cash 2,839 (5,510)
Cash, cash equivalents and restricted cash at beginning of year 11,968 16,733
Cash, cash equivalents and restricted cash at end of period 14,807 11,223
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest expense 15,563 15,137
Supplemental disclosure of non-cash investing activity:    
Lease liabilities arising from the recognition of right of use assets 2,858  
Purchase accounting allocation - intangible lease assets 3,905 3,324
Purchase accounting allocation - intangible lease liabilities (568) $ (677)
Supplemental disclosure of non-cash financing activity:    
Common stock dividend - portion paid in shares of common stock $ 4,531