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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 9,340 $ 2,957
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of real estate, net (4,649)  
(Increase) decrease in unbilled rent receivable (378) 95
Amortization of intangibles relating to leases, net (189) (232)
Amortization of restricted stock and RSU compensation expense 1,325 1,343
Equity in (earnings) loss of unconsolidated joint ventures (116) 22
Distributions of earnings from unconsolidated joint ventures   100
Depreciation and amortization 5,843 5,757
Amortization of deferred financing costs 205 213
Payment of leasing commissions (798) (71)
(Increase) decrease in escrow, deposits, other assets and receivables (1,375) 1,167
(Decrease) increase in accrued expenses and other liabilities (377) 102
Net cash provided by operating activities 8,831 11,453
Cash flows from investing activities:    
Purchase of real estate (8,166)  
Improvements to real estate (1,778) (512)
Investments in ground leased property (271) (430)
Net proceeds from sale of real estate 9,555  
Insurance recovery proceeds due to casualty loss 918 300
Net cash provided by (used in) investing activities 258 (642)
Cash flows from financing activities:    
Scheduled amortization payments of mortgages payable (3,380) (3,520)
Repayment of mortgages payable   (2,074)
Proceeds from mortgage financings 4,860  
Proceeds from sale of common stock, net 563  
Proceeds from bank line of credit 8,000 2,500
Repayment on bank line of credit (14,560)  
Issuance of shares through dividend reinvestment plan 161  
Payment of financing costs (125) (6)
Capital contributions from non-controlling interests   20
Distributions to non-controlling interests (33) (13)
Cash distributions to common stockholders (9,422) (9,261)
Net cash used in financing activities (13,936) (12,354)
Net decrease in cash, cash equivalents and restricted cash (4,847) (1,543)
Cash, cash equivalents and restricted cash at beginning of year   16,666
Cash, cash equivalents and restricted cash at end of period 11,819 12,021
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest expense 4,332 $ 4,613
Supplemental disclosure of non-cash investing activity:    
Purchase accounting allocation - intangible lease assets 568  
Purchase accounting allocation - intangible lease liabilities $ (269)