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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 5,408 $ 9,340
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of real estate, net (1,534) (4,649)
Increase in net amortization of unbilled rental income (669) (378)
Amortization of intangibles relating to leases, net (224) (189)
Amortization of restricted stock and RSU compensation expense 1,328 1,325
Equity in earnings of unconsolidated joint ventures (85) (116)
Depreciation and amortization 6,145 5,843
Amortization of deferred financing costs 202 205
Payment of leasing commissions (179) (798)
Decrease (Increase) in escrow, deposits, other assets and receivables 5,571 (1,375)
Decrease in accrued expenses and other liabilities (1,251) (377)
Net cash provided by operating activities 14,712 8,831
Cash flows from investing activities:    
Purchase of real estate   (8,166)
Improvements to real estate (725) (1,778)
Investments in ground leased property (447) (271)
Net proceeds from sale of real estate 4,076 9,555
Insurance recovery proceeds due to casualty loss   918
Net cash provided by investing activities 2,904 258
Cash flows from financing activities:    
Scheduled amortization payments of mortgages payable (3,078) (3,380)
Proceeds from mortgage financings 4,800 4,860
Proceeds from sale of common stock, net   563
Proceeds from bank line of credit 8,400 8,000
Repayments on bank line of credit (18,700) (14,560)
Issuance of shares through dividend reinvestment plan 1,074 161
Payment of financing costs (118) (125)
Distributions to non-controlling interests (9) (33)
Cash distributions to common stockholders (9,483) (9,422)
Net cash used in financing activities (17,114) (13,936)
Net increase (decrease) in cash, cash equivalents and restricted cash 502 (4,847)
Cash, cash equivalents and restricted cash at beginning of year 7,277 16,666
Cash, cash equivalents and restricted cash at end of period 7,779 11,819
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest expense $ 4,630 4,332
Supplemental disclosure of non-cash investing activities:    
Purchase accounting allocation - intangible lease assets   568
Purchase accounting allocation - intangible lease liabilities   $ (269)