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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income $ 4,240 $ 6,305 $ 5,255
Adjustments to reconcile net income to net cash provided by operating activities:      
Proceeds from sale of real estate acquired for resale 2,457 886 1,500
Gain on sale of real estate acquired for resale (549) (5,384) (2,875)
Gain on sale of real estate acquired for investment   (1,216)  
Gain on debt extinguishment   (5,374)  
Impairment - properties   3,487 441
Impairment (recovery) - notes receivable (1,071) 1,800  
Bad debt expense (recoveries) (322) 1,265 781
Lease termination income     (1,065)
Loss from Advised Funds 384 1,186 604
Cash receipts (deferrals) for related party fees 14 (166) 26
Depreciation and amortization 8,575 6,934 7,749
Amortization of deferred compensation 561 442 499
Distributions from Advised Funds   11 2
Decrease (increase) in tenant and accounts receivable 1,177 (1,272) (796)
Decrease (increase) in accounts receivable - related party (64) (369) 1,289
Cash receipts from direct financing leases more than income recognized   237 253
Decrease (increase) in other assets 489 2,310 (465)
Increase (decrease) in accounts payable and other liabilities 605 (1,404) 2,067
Net cash provided by operating activities 16,496 9,678 15,265
Cash flows from investing activities:      
Improvements to real estate, including leasing costs (4,492) (1,963) (1,977)
Net cash paid for acquisition of investment properties (21,594) (2,760)  
Notes receivable collections 1,071    
Loans to affiliates (3,309) (2,241) (2,045)
Payments from affiliates 1,000 1,550 1,531
Additions to furniture, fixtures and equipment (47) (74) (7)
Investments in Advised Funds (44) (97)  
Distributions from Advised Funds 16 557 112
Proceeds from sale of real estate acquired for resale   14,053  
Residual economic interest paid   (2,866)  
Cash deposited with a qualified intermediary   (12,804)  
Cash received from qualified intermediary 9,370 3,434  
Proceeds from sale of investment property   4,608  
REITPlus cash on hand at time of acquisition     667
Decrease in preacquisition costs     16
Net cash provided by (used in) investing activities (18,029) 1,397 (1,703)
Cash flows from financing activities:      
Proceeds from notes payable 35,870 32,423 8,475
Payments of notes payable (24,577) (32,536) (9,771)
Payments for financing costs (88) (478) (590)
Purchase of treasury stock   (48)  
Issuance of shares of common stock   (26)  
Retirement of shares of common stock     (348)
Common dividends paid (9,277) (10,384) (12,488)
Distributions to noncontrolling interests   (438) (108)
Net cash provided by (used in) financing activities 1,928 (11,487) (14,830)
Net increase (decrease) in cash and cash equivalents 395 (412) (1,268)
Cash and cash equivalents, beginning of period 655 1,067 2,335
Cash and cash equivalents, end of period 1,050 655 1,067
Supplemental schedule of cash flow information:      
Interest 9,260 10,149 10,187
Taxes 566 382 445
Number of restricted shares of common stock issued to employees and directors as part of their compensation arangements. Restricted shares vest over a three to seven- year period. 85,000 185,500 64,000
Deferred compensation recorded upon issuance of restricted shares of common stock 762 1,669 580
Assumption of debt for the acquisition of our 500 Lamar property   1,800  
Lease termination income for building transferred to us for tenant default of lease     $ 1,065