Condensed Consolidated Statement of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net Income	$ 4,428	$ 3,696
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	5,458	5,545
Amortization of debt premium	(56)	(57)
Stock-based compensation expense	111	101
Income in excess of cash distributions from LLCs		(64)
Changes in assets and liabilities:
Rent receivable	(511)	(194)
Accrued expenses and other liabilities	(1,014)	(658)
Tenant reserves, escrows, deposits and prepaid rents	574	136
Accrued interest	34	(48)
Other, net	70	(228)
Net cash provided by operating activities	9,094	8,229
Cash flows from investing activities:
Investments in LLCs	(5,386)	(321)
Repayments of advances made to LLC	209
Cash distributions in excess of income from LLCs	147
Cash distribution of refinancing proceeds from LLCs		1,045
Additions to real estate investments, net	(1,841)	(2,168)
Net cash paid for acquisition of properties	(9,910)	(16,765)
Cash paid to acquire minority interests in majority-owned LLCs		(2,250)
Net cash used in investing activities	(16,781)	(20,459)
Cash flows from financing activities:
Net borrowings on line of credit	17,500	26,250
Repayments of mortgages and other notes payable	(790)	(5,743)
Financing costs paid	(35)	(913)
Dividends paid	(8,596)	(8,446)
Issuance of shares of beneficial interest, net	30	1,172
Net cash provided by financing activities	8,109	12,320
Increase in cash and cash equivalents	422	90
Cash and cash equivalents, beginning of period	3,894	3,861
Cash and cash equivalents, end of period	4,316	3,951
Supplemental disclosures of cash flow information:
Interest paid	$ 2,072	$ 2,115