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Consolidated Statements Of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
OPERATING ACTIVITIES    
Net income $ 8,815,000 $ 18,702,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment charges, net 1,080,000 1,688,000
Gain on extinguishment of debt obligations   (1,423,000)
Gain on sales   (11,773,000)
Straight-line rents (289,000) (479,000)
Provision for doubtful accounts 793,000 1,088,000
Depreciation and amortization 19,229,000 19,141,000
Amortization of intangible lease liabilities (1,660,000) (2,248,000)
Expense relating to share-based compensation, net 1,705,000 1,611,000
Amortization (including accelerated write-off) of deferred financing costs 830,000 1,255,000
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Rents and other receivables, net (2,286,000) (2,930,000)
Prepaid expenses and other 1,797,000 1,351,000
Accounts payable and accrued liabilities (2,686,000) (3,075,000)
Net cash provided by operating activities 27,328,000 22,908,000
INVESTING ACTIVITIES    
Acquisitions of real estate (24,453,000) (38,861,000)
Expenditures for real estate improvements (3,281,000) (5,395,000)
Net proceeds from sales of real estate 4,252,000 62,061,000
Construction escrows and other (238,000) 905,000
Net cash (used in) provided by investing activities (23,720,000) 18,710,000
FINANCING ACTIVITIES    
Repayments under revolving credit facility (154,000,000) (188,000,000)
Advances under revolving credit facility 82,000,000 111,000,000
Advances under term loans 100,000,000 150,000,000
Mortgage repayments (38,867,000) (138,620,000)
Payments of debt financing costs (2,602,000) (1,307,000)
Noncontrolling interests:    
Distributions to consolidated joint venture minority interests   (660,000)
Purchase of joint venture minority interests share (11,216,000)  
Distributions to limited partners (40,000) (46,000)
Redemptions of OP Units (7,000)  
Common stock sales less issuance expenses, net 41,698,000 41,203,000
Preferred stock dividends (7,204,000) (7,204,000)
Distributions to common shareholders (8,498,000) (7,920,000)
Net cash provided by (used in) financing activities 1,264,000 (41,554,000)
Net increase in cash and cash equivalents 4,872,000 64,000
Cash and cash equivalents at beginning of period 3,499,000 3,973,000
Cash and cash equivalents at end of period $ 8,371,000 $ 4,037,000