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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 39,034 $ 27,413 $ 18,544
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on sale of real estate, net (25,463) (17,280) (4,327)
Impairment due to casualty loss   430  
Increase in unbilled rent receivable (234) (1,722) (1,547)
Write-off of unbilled rent receivable   1,094 585
Amortization and write-off of intangibles relating to leases, net (785) (780) (914)
Amortization of restricted stock and RSU compensation expense 5,433 4,686 3,870
Equity in earnings of unconsolidated joint ventures (202) (38) (16)
Equity in earnings from sale of unconsolidated joint venture property (805) (121)  
Distributions of earnings from unconsolidated joint ventures 1,440 208 97
Depreciation and amortization 22,832 22,964 22,026
Amortization and write-off of deferred financing costs 970 976 995
Payment of leasing commissions (1,430) (235) (523)
Decrease (increase) in escrow, deposits, other assets and receivables 6,759 (3,146) 129
Increase (decrease) in accrued expenses and other liabilities 1,012 677 (2,687)
Net cash provided by operating activities 48,561 35,126 36,232
Cash flows from investing activities:      
Purchase of real estate (24,534) (28,504) (49,887)
Improvements to real estate (4,106) (1,037) (3,514)
Investments in ground leased property (1,746)    
Net proceeds from sale of real estate 52,685 29,413 40,761
Insurance recovery proceeds due to casualty loss 975 150  
Contributions of capital to unconsolidated joint venture     (296)
Distributions of capital from unconsolidated joint venture 97 311 11
Net cash provided by (used in) investing activities 23,371 333 (12,925)
Cash flows from financing activities:      
Scheduled amortization payments of mortgages payable (13,957) (13,114) (13,158)
Repayment of mortgages payable (30,532) (11,815) (19,970)
Proceeds from mortgage financings 10,600 18,200 50,310
Proceeds from sale of common stock, net 3,314   5,200
Proceeds from bank line of credit 21,200 41,500 54,550
Repayment on bank line of credit (22,450) (40,000) (73,100)
Issuance of shares through dividend reinvestment plan 977 1,026 5,712
Payment of financing costs (232) (189) (1,443)
Capital contributions from non-controlling interests 25 10  
Distributions to non-controlling interests (457) (40) (752)
Cash distributions to common stockholders (37,318) (29,441) (35,421)
Net cash used in financing activities (68,830) (33,863) (28,072)
Net increase (decrease) in cash, cash equivalents and restricted cash 3,102 1,596 (4,765)
Cash, cash equivalents and restricted cash at beginning of year 13,564 11,968 16,733
Cash, cash equivalents and restricted cash at end of year 16,666 13,564 11,968
Supplemental disclosure of cash flow information:      
Cash paid for interest expense and prepayment costs on debt 18,972 20,213 19,976
Supplemental disclosure of non-cash investing activity:      
Purchase accounting allocation - intangible lease assets 2,288 3,905 4,245
Purchase accounting allocation - intangible lease liabilities $ (632) (568) (915)
Loan receivable in connection with sale of property   4,613  
Lease liabilities arising from the recognition of right of use assets   2,858 $ 5,027
Supplemental disclosure of non-cash financing activity:      
Common stock dividend - portion paid in shares of common stock   $ 6,828