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Consolidated Statements Of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES    
Net income $ 6,371,000 $ 8,815,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment charges   1,080,000
Gain on sale (59,000)  
Straight-line rents 230,000 (289,000)
Provision for doubtful accounts 631,000 793,000
Depreciation and amortization 20,633,000 19,229,000
Amortization of intangible lease liabilities (1,410,000) (1,660,000)
Expense relating to share-based compensation, net 1,340,000 1,705,000
Amortization (including accelerated write-off) of deferred financing costs 791,000 830,000
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Rents and other receivables (829,000) (2,286,000)
Prepaid expenses and other 878,000 1,797,000
Accounts payable and accrued liabilities (994,000) (2,686,000)
Net cash provided by operating activities 27,582,000 27,328,000
INVESTING ACTIVITIES    
Acquisitions of real estate (31,928,000) (24,453,000)
Expenditures for real estate improvements (4,480,000) (3,281,000)
Net proceeds from sales of real estate 14,494,000 4,252,000
Construction escrows and other 1,883,000 (238,000)
Net cash used in investing activities (20,031,000) (23,720,000)
FINANCING ACTIVITIES    
Repayments under revolving credit facility (62,000,000) (154,000,000)
Advances under revolving credit facility 76,000,000 82,000,000
Advances under term loans   100,000,000
Mortgage borrowing 50,000,000  
Mortgage repayments (53,864,000) (38,867,000)
Payments of debt financing costs (1,366,000) (2,602,000)
Noncontrolling interests:    
Purchase of joint venture minority interests share   (11,216,000)
Distributions to limited partners (35,000) (40,000)
Redemptions of OP Units   (7,000)
Common stock sales less issuance expenses, net 11,000 41,698,000
Preferred stock dividends (7,204,000) (7,204,000)
Distributions to common shareholders (8,516,000) (8,498,000)
Net cash (used in) provided by financing activities (6,974,000) 1,264,000
Net increase in cash and cash equivalents 577,000 4,872,000
Cash and cash equivalents at beginning of period 2,083,000 3,499,000
Cash and cash equivalents at end of period $ 2,660,000 $ 8,371,000