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Consolidated Statements Of Cash Flows (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
OPERATING ACTIVITIES    
Net income $ 1,710,000 $ 3,852,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Impairment charges/(reversals), net 146,000 (1,100,000)
Gain on sales   (346,000)
Straight-line rents (187,000) (501,000)
Provision for doubtful accounts 591,000 493,000
Depreciation and amortization 9,448,000 9,822,000
Amortization of intangible lease liabilities (1,141,000) (1,243,000)
Expense relating to share-based compensation, net 790,000 721,000
Amortization (including accelerated write-off) of deferred financing costs 608,000 721,000
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Rents and other receivables, net (3,080,000) (1,954,000)
Prepaid expenses and other (1,190,000) 20,000
Accounts payable and accrued liabilities (507,000) (663,000)
Net cash provided by operating activities 7,188,000 9,822,000
INVESTING ACTIVITIES    
Acquisitions of real estate (38,457,000)  
Expenditures for real estate and improvements (3,171,000) (4,582,000)
Net proceeds from sales of real estate 24,451,000 3,320,000
Repayment of note receivable   1,100,000
Construction escrows and other (1,126,000) 1,469,000
Net cash (used in) provided by investing activities (18,303,000) 1,307,000
FINANCING ACTIVITIES    
(Repayments) under revolving credit facility (85,500,000) (67,300,000)
Advances under revolving credit facility 51,000,000 76,500,000
Advances under term loans 75,000,000  
Mortgage repayments 60,745,000 40,559,000
Payments of debt financing costs (1,257,000) (35,000)
Distributions to limited partners (23,000) (14,000)
Common stock sales and issuance expenses, net (41,306,000) (1,000)
Net proceeds from sales of preferred stock   59,849,000
Redemption of preferred stock   (34,992,000)
Preferred stock dividends (3,602,000) (3,623,000)
Distributions to common shareholders (3,958,000) (3,590,000)
Net cash provided by (used in) financing activities 12,221,000 (13,763,000)
Net increase (decrease) in cash and cash equivalents 1,106,000 (2,634,000)
Cash and cash equivalents at beginning of period 3,973,000 7,522,000
Cash and cash equivalents at end of period $ 5,079,000 $ 4,888,000