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Schedule III - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2017
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III - Real Estate and Accumulated Depreciation
Schedule III - Real Estate and Accumulated Depreciation
December 31, 2017
(dollars in thousands)
 
 
 
 
 
Initial Cost to Company
 
Cost Capitalized Subsequent to
Acquisition
 
Property
Sold
 
Gross Amounts Carried at
Close of Period 12/31/17
 
 
 
 
 
 
 
 
 
 
Location
Number of Properties
 
Encumbrances
 
Land
 
Buildings and Improvements
 
Improvements
 
Purchase Price Allocation Adjustments
 
Capitalized Costs
 
Property
Sold
 
Land
 
Buildings and Improvements
 
Total
 
Accumulated Depreciation
 
Year of Construction
 
Date Acquired
 
Weighted-Average Depreciable Life (in years)
Retail - Carrollton, TX
1

 
$
12,875

 
$
3,970

 
$
14,672

 
$
—

 
$
—

 
$
—

 
$
—

 
$
3,970

 
$
14,672

 
$
18,642

 
$
(1,553
)
 
1996
 
11/25/2015
 
38
Retail - Plano, TX
1

 
11,817

 
4,615

 
12,692

 
59

 
—

 
—

 
—

 
4,615

 
12,751

 
17,366

 
(1,535
)
 
1994
 
11/25/2015
 
38
Retail - Grapevine, TX
1

 
12,692

 
4,713

 
13,888

 
—

 
—

 
—

 
—

 
4,713

 
13,888

 
18,601

 
(1,373
)
 
1998
 
11/25/2015
 
38
Retail - Flower Mound, TX
1

 
13,085

 
4,963

 
14,477

 
9

 
—

 
—

 
—

 
4,963

 
14,486

 
19,449

 
(1,525
)
 
1999
 
11/25/2015
 
38
Retail - Grapevine, TX
1

 
9,797

 
3,931

 
9,972

 
—

 
—

 
—

 
—

 
3,931

 
9,972

 
13,903

 
(1,120
)
 
1994
 
11/25/2015
 
38
Retail - Flower Mound, TX
1

 
7,492

 
2,696

 
7,351

 
66

 
—

 
—

 
—

 
2,696

 
7,417

 
10,113

 
(1,146
)
 
1992
 
11/25/2015
 
38
Retail - Flower Mound, TX
1

 
8,929

 
3,571

 
8,280

 
8

 
—

 
—

 
—

 
3,571

 
8,287

 
11,858

 
(858
)
 
1996
 
11/25/2015
 
38
Retail - Plano, TX
1

 
4,638

 
1,459

 
4,533

 
31

 
—

 
—

 
—

 
1,459

 
4,564

 
6,023

 
(1,468
)
 
1995
 
11/25/2015
 
38
Retail - Largo, FL
1

 
12,750

 
4,973

 
12,832

 
(1
)
 
—

 
—

 
—

 
4,973

 
12,831

 
17,804

 
(1,582
)
 
1988
 
8/14/2015
 
27
Retail - Grass Valley, CA
1

 
25,900

 
9,872

 
28,680

 
284

 
—

 
—

 
—

 
9,872

 
28,965

 
38,837

 
(3,916
)
 
1988
 
10/27/2015
 
25
Multifamily - Washington, DC
1

 
57,500

 
31,999

 
42,651

 
(308
)
 
—

 
—

 
—

 
31,999

 
42,342

 
74,341

 
(3,546
)
 
1978, 2008
 
10/20/2015
 
28
Retail - Penfield, NY
1

 
23,558

 
4,122

 
22,670

 
757

 
—

 
—

 
—

 
4,122

 
23,427

 
27,549

 
(5,124
)
 
1957
 
11/10/2014
 
24
Retail - Orchard Park, NY
1

 
12,888

 
4,189

 
20,658

 
71

 
—

 
—

 
—

 
4,189

 
20,729

 
24,918

 
(3,765
)
 
1997, 2000
 
11/10/2014
 
32
Retail - Cheektowaga, NY
1

 
9,447

 
1,939

 
12,514

 
5

 
—

 
—

 
—

 
1,939

 
12,519

 
14,458

 
(2,005
)
 
1978
 
11/10/2014
 
25
Retail - Amherst, NY
1

 
8,270

 
2,132

 
9,807

 
96

 
—

 
—

 
—

 
2,132

 
9,903

 
12,035

 
(1,889
)
 
1986
 
11/10/2014
 
28
Retail - Ontario, NY
1

 
5,406

 
574

 
6,839

 
1

 
—

 
—

 
—

 
574

 
6,841

 
7,415

 
(1,369
)
 
1998
 
11/10/2014
 
31
Retail - Irondequoit, NY
1

 
15,000

 
2,438

 
14,836

 
143

 
—

 
—

 
—

 
2,438

 
14,980

 
17,418

 
(3,158
)
 
1972
 
11/10/2014
 
27
Retail - LeRoy, NY
1

 
3,492

 
343

 
4,950

 
10

 
—

 
—

 
—

 
343

 
4,959

 
5,302

 
(1,126
)
 
1997
 
11/10/2014
 
29
Retail - Jamestown, NY
1

 
7,356

 
820

 
4,915

 
—

 
—

 
—

 
—

 
820

 
4,915

 
5,735

 
(1,342
)
 
1997
 
11/10/2014
 
29
Retail - Warsaw, NY
1

 
3,415

 
407

 
4,123

 
—

 
—

 
—

 
—

 
407

 
4,122

 
4,529

 
(803
)
 
1998
 
11/10/2014
 
31
Retail - Chillicothe, OH
1

 
7,888

 
1,262

 
10,819

 
—

 
—

 
—

 
—

 
1,262

 
10,819

 
12,081

 
(1,897
)
 
1981, 1998
 
11/10/2014
 
26
Retail - Loganville, GA
1

 
7,230

 
3,217

 
8,386

 
—

 
—

 
—

 
—

 
3,217

 
8,386

 
11,603

 
(1,748
)
 
1996
 
11/10/2014
 
28
Retail - Chillicothe, OH
1

 
7,700

 
2,282

 
9,775

 
—

 
—

 
—

 
—

 
2,282

 
9,775

 
12,057

 
(1,293
)
 
1995
 
7/22/2015
 
25
Retail - Newport News, VA
1

 
11,025

 
6,394

 
12,046

 
—

 
—

 
—

 
—

 
6,394

 
12,046

 
18,440

 
(1,562
)
 
1994
 
6/2/2014
 
35
Retail - Knoxville, TN
1

 
12,350

 
3,504

 
13,309

 
—

 
—

 
—

 
—

 
3,503

 
13,310

 
16,813

 
(1,657
)
 
2002
 
4/9/2014
 
34
Industrial - Las Vegas, NV
1

 
—

 
628

 
4,053

 
—

 
—

 
—

 
—

 
628

 
4,053

 
4,681

 
(560
)
 
1988, 2009
 
3/29/2012
 
37
Industrial - Phoenix, AZ
1

 
—

 
1,662

 
6,217

 
—

 
—

 
—

 
(7,880
)
 
—

 
—

 
—

 
—

 
1999
 
11/28/2011
 
26
 
27

 
$
312,500

 
$
112,675

 
$
335,945

 
$
1,231

 
$
—

 
$
—

 
$
(7,880
)
 
$
111,012

 
$
330,959

 
$
441,971

 
$
(48,920
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table presents our real estate activity during the year ended December 31, 2017 (in thousands): 
Real Estate:
 
Beginning balance, January 1, 2017
$
448,620

Acquisitions and improvements
1,231

Property sold
(7,880
)
Ending balance, December 31, 2017
$
441,971

 
 
Accumulated Depreciation:
 
Beginning balance, January 1, 2017
$
34,221

Property sold
(1,052
)
Depreciation
15,751

Ending balance, December 31, 2017
$
48,920