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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income (loss) $ (1,205,000) $ 1,425,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 23,962,000 24,748,000
Amortization of above and below market leases (112,000) (85,000)
Equity in (income) loss of non-consolidated REITs   105,000
Increase (decrease) in allowance for doubtful accounts and write-off of accounts receivable (60,000) 75,000
Changes in operating assets and liabilities:    
Tenant rent receivables (491,000) (363,000)
Straight-line rents (1,140,000) 40,000
Lease acquisition costs (689,000) (276,000)
Prepaid expenses and other assets 1,497,000 (274,000)
Accounts payable and accrued expenses (6,101,000) (6,911,000)
Accrued compensation (1,970,000) (2,529,000)
Tenant security deposits 33,000 205,000
Payment of deferred leasing commissions (4,242,000) (1,082,000)
Net cash provided by operating activities 9,482,000 15,078,000
Cash flows from investing activities:    
Property improvements, fixtures and equipment (15,223,000) (10,774,000)
Distributions in excess of earnings from non-consolidated REITs   355,000
Investment in related party mortgage loan receivable (2,400,000)  
Repayment of related party mortgage loan receivable 265,000 265,000
Proceeds received from liquidating trust 263,000  
Net cash used in investing activities (17,095,000) (10,154,000)
Cash flows from financing activities:    
Distributions to stockholders (9,651,000) (20,374,000)
Borrowings under bank note payable 30,000,000 30,000,000
Repayments of bank note payable (15,000,000) (10,000,000)
Deferred financing costs (81,000) (14,000)
Net cash provided by (used in) financing activities 5,268,000 (388,000)
Net increase (decrease) in cash, cash equivalents and restricted cash (2,345,000) 4,536,000
Cash, cash equivalents and restricted cash, beginning of year 11,177,000 9,819,000
Cash, cash equivalents and restricted cash, end of period 8,832,000 14,355,000
Cash paid for:    
Interest 6,978,000 7,143,000
Taxes 42,000 69,000
Non-cash investing activities:    
Accrued costs for purchases of real estate assets $ 6,609,000 $ 4,339,000