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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 29,918 $ 42,253 $ 39,034
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on sale of real estate, net (17,008) (16,762) (25,463)
Increase in net amortization of unbilled rental income (1,898) (2,409) (234)
Write-off of unbilled rent receivable 133    
Amortization and write-off of intangibles relating to leases, net (952) (831) (785)
Amortization of restricted stock and RSU compensation expense 5,367 5,507 5,433
Equity in loss (earnings) of unconsolidated joint ventures 904 (400) (202)
Equity in loss (earnings) from sale of unconsolidated joint venture properties 108   (805)
Distributions of earnings from unconsolidated joint venture 194 172 1,440
Depreciation and amortization 24,789 23,781 22,832
Amortization and write-off of deferred financing costs 839 1,115 970
Payment of leasing commissions (755) (2,561) (1,430)
Decrease (Increase) in escrow, deposits, other assets and receivables 3,818 (6,856) 6,759
Increase in accrued expenses and other liabilities 596 1,188 1,012
Net cash provided by operating activities 46,053 44,197 48,561
Cash flows from investing activities:      
Purchase of real estate (9,229) (51,217) (24,534)
Improvements to real estate (4,866) (4,574) (4,106)
Investments in ground leased property (932) (697) (1,746)
Net proceeds from sale of real estate 40,839 30,253 52,685
Insurance recovery proceeds due to casualty loss   918 975
Distributions of capital from unconsolidated joint venture 7,143   97
Net cash provided by (used in) investing activities 32,955 (25,317) 23,371
Cash flows from financing activities:      
Scheduled amortization payments of mortgages payable (12,405) (12,624) (13,957)
Repayment of mortgages payable (14,935) (54,585) (30,532)
Proceeds from mortgage financings 36,450 70,690 10,600
Proceeds from bank line of credit 40,900 53,300 21,200
Repayments on bank line of credit (62,700) (43,200) (22,450)
Issuance of shares through dividend reinvestment plan 4,716 2,395 977
Repurchases of common stock, net (9,638) (5,240)  
Proceeds from sale of common stock, net   563 3,314
Payment of financing costs (716) (1,669) (232)
Capital contributions from non-controlling interests     25
Distributions to non-controlling interests (233) (52) (457)
Cash distributions to common stockholders (38,132) (37,847) (37,318)
Net cash used in financing activities (56,693) (28,269) (68,830)
Net increase (decrease) in cash, cash equivalents and restricted cash 22,315 (9,389) 3,102
Cash, cash equivalents and restricted cash at beginning of year 7,277 16,666 13,564
Cash, cash equivalents and restricted cash at end of year 29,592 7,277 16,666
Supplemental disclosure of cash flow information:      
Cash paid for interest expense and prepayment costs on debt 18,798 17,475 18,972
Supplemental disclosure of non-cash investing activities:      
Assumption of mortgage payable upon acquisition of properties 4,280 6,034  
Lease liabilities adjustment from the reassessment of right of use assets 3,366    
Loan receivable in connection with sale of property 1,816    
Purchase accounting allocation - intangible lease assets 871 4,322 2,288
Purchase accounting allocation - mortgage intangible asset 260 670  
Purchase accounting allocation - intangible lease liabilities $ (237) $ (2,006) $ (632)