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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 33,346 $ 32,501
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of real estate, net (16,762) (22,768)
Increase in unbilled rent receivable (1,579) (79)
Amortization and write-off of intangibles relating to leases, net (617) (606)
Amortization of restricted stock and RSU compensation expense 4,190 4,191
Equity in earnings of unconsolidated joint ventures (310) (75)
Equity in earnings from sale of unconsolidated joint venture property   (801)
Distributions of earnings from unconsolidated joint ventures 170 1,303
Depreciation and amortization 17,718 17,055
Amortization and write-off of deferred financing costs 917 754
Payment of leasing commissions (1,101) (608)
(Increase) decrease in escrow, deposits, other assets and receivables (2,049) 4,936
Increase in accrued expenses and other liabilities 897 757
Net cash provided by operating activities 34,820 36,560
Cash flows from investing activities:    
Purchase of real estate (39,888) (16,491)
Improvements to real estate (3,529) (3,050)
Investments in ground leased property (499) (1,353)
Net proceeds from sale of real estate 30,253 47,214
Insurance recovery proceeds due to casualty loss 918 550
Distributions of capital from unconsolidated joint venture   97
Net cash (used in) provided by investing activities (12,745) 26,967
Cash flows from financing activities:    
Scheduled amortization payments of mortgages payable (9,601) (10,590)
Repayment of mortgages payable (54,585) (26,630)
Proceeds from mortgage financings 70,690 10,600
Proceeds from sale of common stock, net 563 1,424
Proceeds from bank line of credit 39,500 12,700
Repayments on bank line of credit (40,200) (22,450)
Issuance of shares through dividend reinvestment plan 1,342 863
Repurchases of common stock (5,240)  
Payment of financing costs (839) (229)
Capital contributions from non-controlling interests   25
Distributions to non-controlling interests (42) (449)
Cash distributions to common stockholders (28,387) (27,920)
Net cash used in financing activities (26,799) (62,656)
Net (decrease) increase in cash, cash equivalents and restricted cash (4,724) 871
Cash, cash equivalents and restricted cash at beginning of year 16,666 13,564
Cash, cash equivalents and restricted cash at end of period 11,942 14,435
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest expense 12,988 14,546
Supplemental disclosure of non-cash investing activity:    
Purchase accounting allocation - intangible lease assets 2,816 1,758
Purchase accounting allocation - intangible lease liabilities $ (1,152) $ (596)