Condensed Consolidated Statement of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income	$ 31,562	$ 4,428
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,167	5,458
Amortization of debt premium	(68)	(56)
Stock-based compensation expense	127	111
Gain on fair value recognition resulting from purchase of minority interest in majority-owned LLC, net	(27,196)
Changes in assets and liabilities:
Rent receivable	(461)	(511)
Accrued expenses and other liabilities	(230)	(1,014)
Tenant reserves, deposits and prepaid rents	64	574
Accrued interest	(63)	34
Leasing costs paid	(250)	(122)
Other, net	(158)	192
Net cash provided by operating activities	9,494	9,094
Cash flows from investing activities:
Investments in LLCs	(371)	(5,386)
Repayments of advances made to LLC	216	209
Cash distributions in excess of income from LLCs	557	147
Additions to real estate investments, net	(4,181)	(1,841)
Cash proceeds received from divestiture of property, net of restricted cash	53,967
Net cash paid for acquisition of properties		(9,910)
Cash paid to acquire minority interests in majority-owned LLCs	(7,890)
Net cash provided by/(used in) investing activities	42,298	(16,781)
Cash flows from financing activities:
Net (repayments)/borrowings on line of credit	(31,600)	17,500
Repayments of mortgage notes payable	(11,174)	(790)
Financing costs paid	(35)	(35)
Dividends paid	(8,907)	(8,596)
Issuance of shares of beneficial interest, net	61	30
Net cash (used in)/provided by financing activities	(51,655)	8,109
Increase in cash and cash equivalents	137	422
Cash and cash equivalents, beginning of period	3,930	3,894
Cash and cash equivalents, end of period	4,067	4,316
Supplemental disclosures of cash flow information:
Interest paid	$ 2,673	$ 2,072