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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 30,798,000 $ 29,918,000 $ 42,253,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on sale of real estate, net (18,007,000) (17,008,000) (16,762,000)
Impairment loss 1,086,000 0 0
Increase in net amortization of unbilled rental income (1,585,000) (1,898,000) (2,409,000)
Write-off of unbilled rent receivable 50,000 133,000  
Amortization and write-off of intangibles relating to leases, net (1,210,000) (952,000) (831,000)
Amortization of restricted stock and RSU compensation expense 4,962,000 5,367,000 5,507,000
Equity in (earnings) loss of unconsolidated joint ventures (143,000) 904,000 (400,000)
Equity in loss from sale of unconsolidated joint venture property   108,000  
Distributions of earnings from unconsolidated joint venture 93,000 194,000 172,000
Depreciation and amortization 24,291,000 24,789,000 23,781,000
Amortization and write-off of deferred financing costs 968,000 839,000 1,115,000
Payment of leasing commissions (632,000) (755,000) (2,561,000)
(Increase) decrease in escrow, deposits, other assets and receivables (944,000) 3,818,000 (6,856,000)
(Decrease) increase in accrued expenses and other liabilities (668,000) 596,000 1,188,000
Net cash provided by operating activities 39,059,000 46,053,000 44,197,000
Cash flows from investing activities:      
Purchase of real estate (44,877,000) (9,229,000) (51,217,000)
Improvements to real estate (3,719,000) (4,866,000) (4,574,000)
Investments in ground leased property (100,000) (932,000) (697,000)
Net proceeds from sale of real estate 58,401,000 40,839,000 30,253,000
Insurance recovery proceeds due to casualty loss     918,000
Distributions of capital from unconsolidated joint venture   7,143,000  
Net cash provided by (used in) investing activities 9,705,000 32,955,000 (25,317,000)
Cash flows from financing activities:      
Proceeds from mortgage financings 78,138,000 36,450,000 70,690,000
Repayments of mortgages payable (63,757,000) (14,935,000) (54,585,000)
Scheduled amortization payments of mortgages payable (11,968,000) (12,405,000) (12,624,000)
Proceeds from bank line of credit   40,900,000 53,300,000
Repayments on bank line of credit   (62,700,000) (43,200,000)
Issuance of shares through dividend reinvestment plan 3,532,000 4,716,000 2,395,000
Repurchases of common stock, net   (9,638,000) (5,240,000)
Proceeds from sale of common stock, net 1,041,000   563,000
Payment of financing costs (1,127,000) (716,000) (1,669,000)
Capital contribution from non-controlling interests 43,000    
Distributions to non-controlling interests (316,000) (233,000) (52,000)
Cash distributions to common stockholders (38,461,000) (38,132,000) (37,847,000)
Net cash used in financing activities (32,875,000) (56,693,000) (28,269,000)
Net increase (decrease) in cash, cash equivalents and restricted cash 15,889,000 22,315,000 (9,389,000)
Cash, cash equivalents and restricted cash at beginning of year 29,592,000 7,277,000 16,666,000
Cash, cash equivalents and restricted cash at end of year 45,481,000 29,592,000 7,277,000
Supplemental disclosure of cash flow information:      
Cash paid for interest expense 19,356,000 18,798,000 17,475,000
Supplemental disclosure of non-cash investing activities:      
Purchase accounting allocation - intangible lease assets 3,726,000 871,000 4,322,000
Purchase accounting allocation - mortgage intangible asset   260,000 670,000
Purchase accounting allocation - intangible lease liabilities $ (3,561,000) (237,000) (2,006,000)
Assumption of mortgage payable upon acquisition of property   4,280,000 $ 6,034,000
Lease liabilities adjustment from the reassessment of right of use assets   3,366,000  
Loan receivable in connection with sale of property   $ 1,816,000