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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 32,501 $ 23,842
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of real estate, net (22,768) (14,568)
Impairment due to casualty loss   430
Increase in unbilled rent receivable (79) (1,670)
Amortization and write-off of intangibles relating to leases, net (606) (556)
Amortization of restricted stock and RSU expense 4,191 3,441
Equity in earnings of unconsolidated joint ventures (75) (186)
Equity in earnings from sale of unconsolidated joint venture property (801) (121)
Distributions of earnings from unconsolidated joint ventures 1,303 116
Depreciation and amortization 17,055 17,201
Amortization and write-off of deferred financing costs 754 760
Payment of leasing commissions (608) (189)
Decrease (increase) in escrow, deposits, other assets and receivables 4,936 (3,962)
Increase in accrued expenses and other liabilities 757 1,141
Net cash provided by operating activities 36,560 25,679
Cash flows from investing activities:    
Purchase of real estate (16,491) (28,504)
Improvements to real estate (3,050) (632)
Investments in ground leased property (1,353)  
Net proceeds from sale of real estate 47,214 25,070
Casualty loss, insurance recovery proceeds received 550 150
Distributions of capital from unconsolidated joint venture 97 270
Net cash provided by (used in) investing activities 26,967 (3,646)
Cash flows from financing activities:    
Scheduled amortization payments of mortgages payable (10,590) (9,568)
Repayment of mortgages payable (26,630) (11,815)
Proceeds from mortgage financings 10,600 18,200
Proceeds from sale of common stock, net 1,424  
Proceeds from bank line of credit 12,700 41,500
Repayment on bank line of credit (22,450) (35,800)
Issuance of shares through dividend reinvestment plan 863 1,026
Payment of financing costs (229) (189)
Capital contributions from non-controlling interests 25 10
Distributions to non-controlling interests (449) (18)
Cash distributions to common stockholders (27,920) (22,540)
Net cash used in financing activities (62,656) (19,194)
Net increase in cash, cash equivalents and restricted cash 871 2,839
Cash, cash equivalents and restricted cash at beginning of year 13,564 11,968
Cash, cash equivalents and restricted cash at end of period 14,435 14,807
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest expense 14,546 15,563
Supplemental disclosure of non-cash investing activity:    
Purchase accounting allocation - intangible lease assets 1,758 3,905
Purchase accounting allocation - intangible lease liabilities $ (596) (568)
Lease liabilities arising from the recognition of right of use assets   2,858
Supplemental disclosure of non-cash financing activity:    
Common stock dividend - portion paid in shares of common stock   $ 4,531