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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 9,607 $ 8,267
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 9,792 9,681
Amortization of intangible assets and deferred charges 3,992 3,554
Stock-based compensation 1,080 784
Write-off of a portion of property related to casualty loss, net 20  
Non-cash lease expense 92  
Rental income in excess of amount billed (180) (495)
(Income) from equity investment in unconsolidated affiliate (132) (132)
Distributions from unconsolidated affiliate 132 132
Changes in operating assets and liabilities:    
Other assets (3,143) (3,697)
Accounts payable and accrued expenses (47) (194)
Other liabilities (1,310) (134)
Net cash provided by operating activities 19,903 17,766
CASH FLOWS FROM INVESTING ACTIVITIES:    
Expenditures for improvements to real estate (1,891) (2,042)
Cash paid for property acquisition (12,972)  
Return on capital from unconsolidated affiliate 167 168
Proceeds of recovery of a portion of property related to casualty loss 67  
Net cash used in investing activities (14,629) (1,874)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from mortgage notes payable   8,400
Loan costs from mortgage notes payable   (246)
Proceeds from revolving credit facility   10,000
Loan costs from revolving credit facility (82)  
Loan costs from term loan payable (413)  
Proceeds from term loan payable 50,000  
Payment of mortgage principal (824) (8,825)
Payment of revolving credit facility (50,000)  
Repurchases of common stock (6,279)  
Cash distributions to noncontrolling interests (4,755) (3,602)
Cash dividends paid (8,168) (6,787)
Net cash used in financing activities (20,521) (1,060)
Net increase in cash, cash equivalents and restricted cash (15,247) 14,832
Cash and cash equivalents including restricted cash of $1,662 and $2,232, respectively, at the beginning of period 43,917 29,085
Cash and cash equivalents including restricted cash of $1,047 and $1,662, respectively, at the end of period 28,670 43,917
SUPPLEMENTAL DISCLOSURE CASH FLOW INFORMATION:    
Cash paid for interest 16,143 16,262
Non-cash expenditures for real estate 355 280
Right-of-use asset and liability $ 3,075  
Cash paid for income taxes   $ 98