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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES    
Net income (loss) $ 2,989,000 $ (16,620,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Gain on sale (101,000)  
Impairment charges   21,396,000
Straight-line rents and expenses, net (166,000) (245,000)
Provision for doubtful accounts 50,000 502,000
Depreciation and amortization 10,129,000 10,054,000
Amortization of intangible lease liabilities, net (591,000) (669,000)
Expense relating to share-based compensation, net 1,015,000 974,000
Amortization of premium on mortgage loan payable   (32,000)
Amortization of deferred financing costs 330,000 292,000
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Rents and other receivables (1,573,000) (2,831,000)
Prepaid expenses and other (1,521,000) (2,656,000)
Accounts payable and accrued liabilities (1,394,000) (97,000)
Net cash provided by operating activities 9,167,000 10,068,000
INVESTING ACTIVITIES    
Expenditures for real estate improvements (8,768,000) (6,277,000)
Net proceeds from sales of real estate 9,912,000  
Net cash provided by / (used in) investing activities 1,144,000 (6,277,000)
FINANCING ACTIVITIES    
Repayments under revolving credit facility (2,000,000) (6,500,000)
Advances under revolving credit facility 4,000,000 61,000,000
Mortgage repayments (253,000) (753,000)
Noncontrolling interests:    
Distributions to limited partners (28,000) (17,000)
Redemptions of preferred stock   (50,016,000)
Common stock sales less issuance expenses, net 5,000 1,000
Common stock repurchases (6,844,000)  
Preferred stock dividends (2,688,000) (3,212,000)
Distributions to common shareholders (4,455,000) (4,595,000)
Net cash (used in) financing activities (12,263,000) (4,092,000)
Net (decrease) in cash, cash equivalents and restricted cash (1,952,000) (301,000)
Cash, cash equivalents and restricted cash at beginning of year 1,977,000 7,219,000
Cash, cash equivalents and restricted cash at end of period 25,000 6,918,000
Reconciliation to consolidated balance sheets:    
Cash and cash equivalents 25,000 3,004,000
Restricted cash   3,914,000
Cash, cash equivalents and restricted cash at end of period $ 25,000 $ 6,918,000