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Consolidated Statements Of Cash Flows
12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
OPERATING ACTIVITIES      
Net income $ 4,358,000 $ 19,653,000 $ 8,764,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on sales (4,864,000) (7,099,000) (59,000)
Impairment charges 20,689,000 9,538,000 6,347,000
Early extinguishment of debt costs 4,829,000 210,000 2,623,000
Straight-line rents (1,142,000) (864,000) (38,000)
Provision for doubtful accounts 2,273,000 1,715,000 1,198,000
Depreciation and amortization 40,053,000 40,115,000 40,787,000
Amortization of intangible lease liabilities, net (4,361,000) (2,518,000) (2,751,000)
Expense relating to share-based compensation, net 3,763,000 3,552,000 2,930,000
Amortization of premium on mortgage loan payable (80,000) (130,000) (236,000)
Amortization of deferred financing costs 1,224,000 1,325,000 1,524,000
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:      
Rents and other receivables (3,902,000) (3,467,000) (942,000)
Prepaid expenses and other (6,591,000) (4,600,000) (1,829,000)
Accounts payable and accrued liabilities 1,651,000 (337,000) 929,000
Net cash provided by operating activities 57,900,000 57,093,000 59,247,000
INVESTING ACTIVITIES      
Acquisitions of real estate (179,000) (32,442,000) (31,923,000)
Expenditures for real estate improvements (30,377,000) (25,561,000) (15,484,000)
Net proceeds from sales of real estate 19,118,000 12,506,000 96,170,000
Issuance of mortgage note receivable (3,500,000)    
Net cash (used in)/provided by investing activities (14,938,000) (45,497,000) 48,763,000
FINANCING ACTIVITIES      
Repayments under revolving credit facility (123,500,000) (185,500,000) (197,000,000)
Advances under revolving credit facility 168,500,000 168,500,000 191,000,000
Advance under term loan 75,000,000   100,000,000
Mortgage borrowing     50,000,000
Mortgage repayments (80,330,000) (10,294,000) (218,403,000)
Payments of early extinguishment of debt costs (5,159,000)   (2,487,000)
Payments of debt financing costs (705,000) (2,502,000) (1,355,000)
Noncontrolling interests:      
Distributions to limited partners (90,000) (70,000) (71,000)
Redemption of OP Units (7,000) (24,000) (8,000)
Net proceeds from sale of preferred stock   120,432,000  
Redemptions of preferred stock (50,016,000) (112,510,000)  
Common stock sales less issuance expenses, net 9,000 43,166,000 (142,000)
Common stock repurchases (2,329,000)    
Preferred stock dividends (11,276,000) (13,656,000) (14,408,000)
Distributions to common shareholders (18,301,000) (17,681,000) (17,049,000)
Net cash (used in) financing activities (48,204,000) (10,139,000) (109,923,000)
Net (decrease)/increase in cash, cash equivalents and restricted cash (5,242,000) 1,457,000 (1,913,000)
Cash, cash equivalents and restricted cash at beginning of year 7,219,000 5,762,000 7,675,000
Cash, cash equivalents and restricted cash at end of year 1,977,000 7,219,000 5,762,000
Reconciliation to consolidated balance sheets:      
Cash and cash equivalents 1,977,000 3,702,000 2,882,000
Restricted cash   3,517,000 2,880,000
Cash, cash equivalents and restricted cash at end of year $ 1,977,000 $ 7,219,000 $ 5,762,000