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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 14,716,000 $ 33,346,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of real estate, net (5,046,000) (16,762,000)
Increase in net amortization of unbilled rental income (1,574,000) (1,579,000)
Write-off of unbilled rent receivable 133,000  
Amortization and write-off of intangibles relating to leases, net (698,000) (617,000)
Amortization of restricted stock and RSU compensation expense 4,103,000 4,190,000
Equity in (loss) earnings of unconsolidated joint ventures 761,000 (310,000)
Distributions of earnings from unconsolidated joint venture 23,000 170,000
Depreciation and amortization 18,569,000 17,718,000
Amortization and write-off of deferred financing costs 619,000 917,000
Payment of leasing commissions (499,000) (1,101,000)
Decrease (Increase) in escrow, deposits, other assets and receivables 4,088,000 (2,049,000)
Increase in accrued expenses and other liabilities 887,000 897,000
Net cash provided by operating activities 36,082,000 34,820,000
Cash flows from investing activities:    
Purchase of real estate (9,229,000) (39,888,000)
Improvements to real estate (3,887,000) (3,529,000)
Investments in ground leased property (668,000) (499,000)
Net proceeds from sale of real estate 13,185,000 30,253,000
Insurance recovery proceeds due to casualty loss   918,000
Distributions of capital from unconsolidated joint venture 9,000  
Net cash used in investing activities (590,000) (12,745,000)
Cash flows from financing activities:    
Scheduled amortization payments of mortgages payable (9,284,000) (9,601,000)
Repayment of mortgages payable (6,735,000) (54,585,000)
Proceeds from mortgage financings 23,450,000 70,690,000
Proceeds from bank line of credit 30,900,000 39,500,000
Repayments on bank line of credit (40,200,000) (40,200,000)
Issuance of shares through dividend reinvestment plan 3,283,000 1,342,000
Repurchases of common stock, net (6,599,000) (5,240,000)
Proceeds from sale of common stock, net   563,000
Payment of financing costs (449,000) (839,000)
Distributions to non-controlling interests (24,000) (42,000)
Cash distributions to common stockholders (28,627,000) (28,387,000)
Net cash used in financing activities (34,285,000) (26,799,000)
Net increase (decrease) in cash, cash equivalents and restricted cash 1,207,000 (4,724,000)
Cash, cash equivalents and restricted cash at beginning of year 7,277,000 16,666,000
Cash, cash equivalents and restricted cash at end of period 8,484,000 11,942,000
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest expense 13,939,000 12,988,000
Supplemental disclosure of non-cash investing activities:    
Assumption of mortgage payable upon acquisition of properties 4,280,000  
Lease liabilities adjustment from the reassessment of right of use assets 3,366,000  
Purchase accounting allocation - intangible lease assets 871,000 2,816,000
Purchase accounting allocation - intangible mortgage asset 260,000  
Purchase accounting allocation - intangible lease liabilities $ (237,000) $ (1,152,000)