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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 26,125 $ 26,289
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of real estate, net (12,699) (21,491)
(Increase) decrease in unbilled rent receivable (1,087) 121
Amortization and write-off of intangibles relating to leases, net (396) (440)
Amortization of restricted stock and RSU compensation expense 2,884 3,028
Equity in (earnings) loss of unconsolidated joint ventures (228) 2
Distributions of earnings from unconsolidated joint ventures   100
Depreciation and amortization 11,748 11,459
Amortization and write-off of deferred financing costs 639 509
Payment of leasing commissions (1,030) (555)
(Increase) decrease in escrow, deposits, other assets and receivables (1,411) 7,380
(Decrease) increase in accrued expenses and other liabilities (756) 719
Net cash provided by operating activities 23,789 27,121
Cash flows from investing activities:    
Purchase of real estate (39,888) (7,061)
Improvements to real estate (2,423) (2,521)
Investments in ground leased property (343) (1,132)
Net proceeds from sale of real estate 22,424 39,491
Insurance recovery proceeds due to casualty loss 918 300
Net cash (used in) provided by investing activities (19,312) 29,077
Cash flows from financing activities:    
Scheduled amortization payments of mortgages payable (6,613) (7,114)
Repayment of mortgages payable (33,571) (18,832)
Proceeds from mortgage financings 43,339 4,500
Proceeds from sale of common stock, net 563  
Proceeds from bank line of credit 39,500 9,500
Repayment on bank line of credit (23,700) (22,450)
Issuance of shares through dividend reinvestment plan 324  
Repurchases of common stock (3,418)  
Payment of financing costs (554) (86)
Capital contributions from non-controlling interests   25
Distributions to non-controlling interests (41) (24)
Cash distributions to common stockholders (18,926) (18,590)
Net cash used in financing activities (3,097) (53,071)
Net increase in cash, cash equivalents and restricted cash 1,380 3,127
Cash, cash equivalents and restricted cash at beginning of year 16,666 13,564
Cash, cash equivalents and restricted cash at end of period 18,046 16,691
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest expense 8,673 10,068
Supplemental disclosure of non-cash investing activity:    
Purchase accounting allocation - intangible lease assets 2,816 $ 1,057
Purchase accounting allocation - intangible lease liabilities $ (1,152)