| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities | ||||||||||
Net income | ||||||||||
6,547 | 4,169 | 6,937 | 4,950 | 3,772 | - | - | - | - | - | - |
Net income | ||||||||||
- | - | - | - | - | 1,024 | 5,655 | 3,633 | 9,291 | -1,359 | 1,612 |
Adjustments to reconcile net income to net cash provided by operating activities | ||||||||||
Depreciation and amortization | ||||||||||
14,684 | 15,568 | 13,462 | 12,181 | 10,562 | 10,367 | 8,377 | 6,012 | 5,839 | 5,531 | 5,754 |
Amortization of deferred finance costs | ||||||||||
338 | 216 | 192 | 188 | 171 | 183 | - | - | - | - | - |
(Income) from investments in joint venture | ||||||||||
1,678 | 1,640 | 3,905 | 1,785 | 868 | -325 | -1,166 | -1,487 | -1,913 | -3,869 | -1,687 |
Gain on sale of real estate | ||||||||||
- | - | - | 104 | - | - | 3 | - | - | - | - |
Depreciation and amortization - discontinued operations | ||||||||||
- | - | - | - | - | - | 2 | 79 | 101 | 90 | - |
Gain on the sale of rental property | ||||||||||
- | - | - | - | - | - | 3,678 | - | 7,720 | - | 8 |
Change in operating assets and liabilities | ||||||||||
Proceeds from unconsolidated joint ventures | ||||||||||
445 | 7,517 | 7,463 | 3,515 | 2,872 | 3,071 | 1,288 | 1,366 | 1,408 | 1,140 | 325 |
Depreciation and amortization - discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | - | - | 83 |
Decrease (Increase) in rents receivable | ||||||||||
-278 | 170 | 24 | 133 | -40 | -21 | 21 | 40 | -188 | -415 | 485 |
Increrase (Decrease) in accounts payable and accrued expense | ||||||||||
346 | 587 | -400 | -588 | 1,541 | -79 | 816 | 108 | -186 | 244 | 602 |
Decrease in insurance recovery receivable | ||||||||||
- | - | -329 | 355 | 345 | - | - | - | - | - | - |
Decrease (Increase) in real estate tax escrow | ||||||||||
-49 | 7 | 43 | 73 | 30 | -35 | 74 | -48 | -99 | 9 | -35 |
Decrease (Increase) in prepaid expenses and other assets | ||||||||||
653 | 863 | 716 | -724 | 1,597 | 345 | -443 | -685 | 432 | 480 | -151 |
Increase (Decrease) in advance rental payments and security deposits | ||||||||||
2,092 | 254 | 306 | - | - | - | - | - | - | - | - |
Increase in advance rental payments and security deposits | ||||||||||
- | - | - | 339 | - | - | - | - | - | - | - |
Increase in advance rental payments and security deposits | ||||||||||
- | - | - | - | 560 | 306 | 605 | 32 | 195 | -9 | 209 |
Total Adjustments | ||||||||||
15,901 | 21,462 | 16,663 | 13,906 | 10,033 | 10,815 | 7,783 | 8,318 | -200 | 9,672 | 7,959 |
Net cash provided by operating activities | ||||||||||
- | - | - | - | - | 11,840 | - | - | - | - | - |
Net cash provided by operating activities | ||||||||||
22,448 | 25,631 | 23,601 | 18,857 | 13,806 | - | 13,439 | 11,951 | 9,091 | 8,313 | 9,572 |
Cash Flows From Investing Activities | ||||||||||
Distribution in excess of investment in unconsolidated joint ventures | ||||||||||
3,450 | 16,012 | 542 | 515 | 990 | 272 | 1,687 | - | - | - | - |
(Investment) in unconsolidated joint ventures | ||||||||||
43 | 1,118 | 2,746 | 2,472 | 1,142 | 279 | 929 | 59 | 26 | 123 | - |
Improvement of rental properties | ||||||||||
3,897 | 4,117 | 5,795 | - | - | - | - | - | - | - | - |
Investment in unconsolidated subsidiaries | ||||||||||
- | - | - | - | - | - | - | - | - | - | 15,953 |
Improvement of rental properties | ||||||||||
- | - | - | 5,163 | 6,693 | 5,604 | 4,499 | 2,360 | 2,618 | 2,268 | 3,136 |
Purchase of rental property | ||||||||||
28,787 | 13,213 | 44,989 | - | 6,201 | - | - | - | - | - | - |
Net proceeds from the sale of real estate | ||||||||||
- | - | - | 772 | - | - | - | - | - | - | - |
Proceeds from the sale of equipment | ||||||||||
- | - | - | - | - | - | 3 | - | - | - | - |
Purchase of rental property | ||||||||||
- | - | - | - | - | - | 22,601 | - | 10,041 | - | - |
Net proceeds from the sale of real estate | ||||||||||
- | - | - | - | - | - | 2,138 | - | 8,297 | - | 20 |
Net cash (used in) investing activities | ||||||||||
- | - | - | - | - | -2,539 | - | - | - | - | - |
Net cash provided by (used in) investing activities | ||||||||||
-29,277 | -2,436 | -52,989 | -6,347 | -10,175 | - | -22,912 | -1,053 | -2,980 | -1,250 | -18,743 |
Cash Flows from Financing Activities | ||||||||||
Payment of financing costs | ||||||||||
446 | 148 | 304 | 174 | - | 305 | 971 | 353 | 105 | 8 | 123 |
Proceeds of mortgage notes payable | ||||||||||
- | 83 | 22,250 | - | - | - | - | - | - | - | - |
Proceeds notes payable | ||||||||||
20,000 | - | 41,000 | 20,071 | - | 1,109 | - | - | 3,998 | - | 7,168 |
Proceeds of mortgage notes payable | ||||||||||
- | - | - | - | - | - | 28,268 | - | 5,000 | 904 | 300 |
Payment of line of credit | ||||||||||
- | - | - | 25,000 | - | - | - | - | - | - | - |
Principal payments of mortgage notes payable | ||||||||||
1,491 | 1,831 | 1,754 | - | - | - | - | - | - | - | - |
Payment of note payable | ||||||||||
4,000 | 15,000 | 24,000 | 1,876 | 132 | 3,558 | 5,803 | 1,106 | 3,519 | 864 | 818 |
Principal payments of note payable | ||||||||||
- | - | - | - | - | - | - | 1,668 | 6,998 | 2,500 | - |
Stock buyback | ||||||||||
4,050 | - | 42 | 1,634 | 3,429 | 2,685 | 1,094 | 906 | - | - | - |
Distributions to partners | ||||||||||
4,696 | 4,477 | 7,985 | 6,729 | 3,785 | 3,858 | 3,893 | 3,932 | 3,681 | - | - |
Net cash (used in) financing activities | ||||||||||
- | - | - | - | - | -9,298 | - | - | - | - | - |
Stock buyback | ||||||||||
- | - | - | - | - | - | - | - | - | 540 | -1,514 |
Distributions to Partners | ||||||||||
- | - | - | - | - | - | - | - | - | 3,687 | -3,713 |
Net cash provided by (used in) provided by financing activities | ||||||||||
5,315 | -21,373 | 29,162 | -15,344 | -7,347 | - | 16,505 | -7,966 | -5,306 | -6,697 | 1,298 |
Net Increase (Decrease) in Cash and Cash Equivalents | ||||||||||
-1,513 | 1,820 | -224 | -2,834 | - | - | - | - | - | - | - |
Net Increase in Cash and Cash Equivalents | ||||||||||
- | - | - | - | -3,717 | 2 | 7,031 | 2,931 | 804 | 365 | -7,873 |