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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ 428,000 $ 2,090,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 46,791,000 49,050,000
Amortization of above and below market leases (193,000) (208,000)
Equity in (income) loss of non-consolidated REITs   387,000
Decrease in allowance for doubtful accounts and write-off of accounts receivable (91,000) (80,000)
Changes in operating assets and liabilities:    
Tenant rent receivables (2,337,000) (836,000)
Straight-line rents (4,829,000) 299,000
Lease acquisition costs (2,603,000) (398,000)
Prepaid expenses and other assets 2,392,000 325,000
Accounts payable and accrued expenses (8,741,000) (8,609,000)
Accrued compensation (852,000) (1,863,000)
Tenant security deposits 2,799,000 193,000
Payment of deferred leasing commissions (8,114,000) (6,641,000)
Net cash provided by operating activities 24,650,000 33,709,000
Cash flows from investing activities:    
Property improvements, fixtures and equipment (28,944,000) (24,281,000)
Distributions in excess of earnings from non-consolidated REITs   710,000
Investment in related party mortgage loan receivable (2,400,000)  
Repayment of related party mortgage loan receivable 51,530,000 530,000
Proceeds received from liquidating trust 1,470,000  
Net cash provided by (used in) investing activities 21,656,000 (23,041,000)
Cash flows from financing activities:    
Distributions to stockholders (19,302,000) (30,025,000)
Borrowings under bank note payable 45,000,000 30,000,000
Repayments of bank note payable (70,000,000) (10,000,000)
Deferred financing costs (81,000) (14,000)
Net cash provided by (used in) financing activities (44,383,000) (10,039,000)
Net increase (decrease) in cash, cash equivalents and restricted cash 1,923,000 629,000
Cash, cash equivalents and restricted cash, beginning of year 11,177,000 9,819,000
Cash, cash equivalents and restricted cash, end of period 13,100,000 10,448,000
Cash paid for:    
Interest 17,383,000 18,001,000
Taxes 377,000 485,000
Non-cash investing activities:    
Accrued costs for purchases of real estate assets $ 11,201,000 $ 5,360,000