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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 4,480 $ 2,579
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 25,937 22,962
Amortization of above and below market leases (168) 81
Hedge ineffectiveness (22)  
(Gain) loss on sale of properties and property held for sale, less applicable income tax (2,289)  
Equity in losses of non-consolidated REITs 397 286
Changes in operating assets and liabilities:    
Restricted cash   13
Tenant rent receivables (672) (793)
Straight-line rents (1,082) (1,275)
Lease acquisition costs (292) (199)
Prepaid expenses and other assets 1 (791)
Accounts payable, accrued expenses and other items (10,219) (10,374)
Accrued compensation (2,525) (2,452)
Tenant security deposits 86 (396)
Payment of deferred leasing commissions (1,606) (1,825)
Net cash provided by operating activities 12,026 7,816
Cash flows from investing activities:    
Property improvements, fixtures and equipment (11,615) (6,699)
Office computers and furniture   (21)
Distributions in excess of earnings from non-consolidated REITs 346 27
Repayment of related party mortgage loan receivable 265 39,066
Proceeds received on sales of real estate assets 6,160  
Net cash used in investing activities (4,844) 32,373
Cash flows from financing activities:    
Distributions to stockholders (20,374) (19,036)
Borrowings under bank note payable 30,000 15,000
Repayments of bank note payable (15,000) (40,000)
Net cash provided by (used in) financing activities (5,374) (44,036)
Net increase (decrease) in cash and cash equivalents 1,808 (3,847)
Cash and cash equivalents, beginning of year 9,335 18,163
Cash and cash equivalents, end of period 11,143 14,316
Non-cash investing and financing activities:    
Accrued costs for purchase of real estate assets $ 8,719 $ 1,887