Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net income	$ 17,551	$ 14,447
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	20,551	19,160
Amortization related to above/below market leases, net	(139)	(140)
Amortization of debt premium	(38)	(39)
Amortization of deferred financing costs	609	549
Stock-based compensation expense	719	665
Gain on sale of real estate assets	(1,304)
Changes in assets and liabilities:
Lease receivable	(457)	27
Accrued expenses and other liabilities	201	49
Tenant reserves, deposits and deferred and prepaid rents	272	(186)
Accrued interest	1	159
Leasing costs paid	(1,250)	(745)
Other, net	(522)	(1,171)
Net cash provided by operating activities	36,194	32,775
Cash flows from investing activities:
Investments in LLCs	(16,138)	(3,204)
Cash distributions from LLCs		5,196
Advance made to LLC	(3,500)
Additions to real estate investments, net	(11,537)	(18,784)
Deposit on real estate assets	(200)
Net cash paid for acquisition of property	(12,989)
Cash proceeds received from sale of property, net	3,209
Net cash used in investing activities	(41,155)	(16,792)
Cash flows from financing activities:
Net borrowings on line of credit	40,600	14,150
Repayments of mortgage notes payable	(1,550)	(1,406)
Financing costs paid	(1,813)	(372)
Dividends paid	(28,830)	(28,411)
Issuance of shares of beneficial interest, net	159	266
Net cash provided by/(used in) financing activities	8,566	(15,773)
Increase in cash and cash equivalents	3,605	210
Cash and cash equivalents, beginning of period	5,742	6,110
Cash and cash equivalents, end of period	9,347	6,320
Supplemental disclosures of cash flow information:
Interest paid	5,995	5,620
Invoices accrued for construction and improvements	$ 151	$ 5,660