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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 2,957 $ 7,831
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of real estate, net   (4,252)
Decrease (increase) in unbilled rent receivable 95 (380)
Amortization and write-off of intangibles relating to leases, net (232) (190)
Amortization of restricted stock expense 1,343 976
Equity in loss (earnings) of unconsolidated joint ventures 22 (64)
Equity in earnings from sale of unconsolidated joint venture property   (121)
Distributions of earnings from unconsolidated joint ventures 100  
Depreciation and amortization 5,757 5,674
Amortization and write-off of deferred financing costs 213 243
Payment of leasing commissions (71) (38)
Decrease in escrow, deposits, other assets and receivables 1,167 303
Increase in accrued expenses and other liabilities 102 69
Net cash provided by operating activities 11,453 10,051
Cash flows from investing activities:    
Purchase of real estate   (28,504)
Improvements to real estate (512) (109)
Investments in ground leased property (430)  
Net proceeds from sale of real estate   7,093
Insurance recovery proceeds due to casualty loss 300  
Net cash used in investing activities (642) (21,520)
Cash flows from financing activities:    
Scheduled amortization payments of mortgages payable (3,520) (3,389)
Repayment of mortgages payable (2,074) (3,332)
Proceeds from mortgage financings   18,200
Proceeds from bank line of credit 2,500 41,500
Repayment on bank line of credit   (22,100)
Issuance of shares through dividend reinvestment plan   166
Payment of financing costs (6) (165)
Capital contributions from non-controlling interests 20  
Distributions to non-controlling interests (13) (8)
Cash distributions to common stockholders (9,261) (8,965)
Net cash (used in) provided by financing activities (12,354) 21,907
Net (decrease) increase in cash, cash equivalents and restricted cash (1,543) 10,438
Cash, cash equivalents and restricted cash at beginning of year 13,564 11,968
Cash, cash equivalents and restricted cash at end of year 12,021 22,406
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest expense $ 4,613 4,844
Supplemental disclosure of non-cash investing activity:    
Purchase accounting allocation - intangible lease assets   3,905
Purchase accounting allocation - intangible lease liabilities   $ (568)