Schedule III - Consolidated Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2018

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

SEC Schedule III - Consolidated Real Estate and Accumulated Depreciation

Kite Realty Group Trust and Kite Realty Group, L.P. and subsidiaries

Schedule III

Consolidated Real Estate and Accumulated Depreciation

($ in thousands)			Initial Cost				Cost Capitalized Subsequent to Acquisition/Development				Gross Carrying Amount Close of Period
					Building &				Building &				Building &				Accumulated		Year Built /	Year
Name	Encumbrances		Land		Improvements		Land		Improvements		Land		Improvements		Total		Depreciation		Renovated	Acquired
Operating Properties
12th Street Plaza	$	5,000	$	2,624	$	13,269	$	—	$	440	$	2,624	$	13,709	$	16,333	$	3,636	1978/2003	2012
54th & College *	—		2,672		—		—		—		2,672		—		2,672		—		2008	NA
Bayonne Crossing	43,735		47,809		44,195		—		826		47,809		45,022		92,831		8,640		2011	2014
Bayport Commons	11,668		7,005		20,784		—		1,816		7,005		22,600		29,605		6,853		2008	NA
Beacon Hill *	—		3,054		13,528		—		994		3,054		14,523		17,577		4,704		2006	NA
Beechwood Promenade *	—		2,734		51,831		—		—		2,734		51,831		54,565		11,793		2018	2013
Bell Oaks Centre	6,548		1,230		12,712		—		184		1,230		12,896		14,126		2,986		2008	2014
Belle Isle *	—		9,130		41,418		—		837		9,130		42,256		51,386		7,846		2000	2015
Bolton Plaza *	—		3,733		18,974		359		5,556		4,093		24,530		28,623		10,503		1986/2014	NA
Boulevard Crossing	10,312		4,386		9,175		—		2,444		4,386		11,619		16,005		5,176		2004	NA
Bridgewater Marketplace *	—		3,407		8,661		—		547		3,407		9,208		12,615		3,030		2008	NA
Burlington Coat Factory *	—		29		2,773		—		—		29		2,773		2,802		1,459		1992/2000	2000
Burnt Store Promenade *	—		5,112		15,056		—		—		5,112		15,056		20,168		4,707		2018	2013
Cannery Corner *	—		6,267		9,492		—		510		6,267		10,002		16,269		1,424		2008	2014
Castleton Crossing *	—		9,761		27,232		—		3,111		9,761		30,342		40,103		7,027		1975	2013
Chapel Hill Shopping Center	18,250		—		35,107		—		838		—		35,945		35,945		5,786		2001	2015
City Center *	—		20,565		180,247		—		—		20,565		180,247		200,812		30,898		2018	2014
Centennial Center	70,455		58,960		65,613		—		5,788		58,960		71,401		130,361		17,196		2002	2014
Centennial Gateway	44,385		5,305		45,708		—		3,212		5,305		48,919		54,224		8,358		2005	2014
Centre Point Commons	14,410		2,918		22,310		—		110		2,918		22,421		25,339		4,045		2007	2014
Cobblestone Plaza *	—		11,221		45,478		—		612		11,221		46,090		57,311		11,017		2011	NA
Colonial Square *	—		11,743		31,262		—		1,732		11,743		32,994		44,737		5,462		2010	2014
Colleyville Downs *	—		5,446		38,605		—		1,039		5,446		39,644		45,090		8,334		2014	2015
Cool Creek Commons *	—		6,062		13,349		—		2,322		6,062		15,671		21,733		5,956		2005	NA
Cool Springs Market *	—		12,634		21,275		50		7,345		12,684		28,620		41,304		6,795		1995	2013
Crossing at Killingly Commons *	—		21,999		35,008		—		158		21,999		35,166		57,165		7,278		2010	2014
Delray Marketplace	56,550		18,750		88,539		1,284		5,494		20,034		94,033		114,067		18,334		2013	NA
DePauw University Bookstore & Café	—		64		663		—		45		64		708		772		321		2012	NA
Draper Crossing *	—		9,054		27,035		—		651		9,054		27,685		36,739		5,633		2012	2014
Draper Peaks *	—		11,498		47,038		522		3,356		12,020		50,394		62,414		7,667		2012	2014
Eastern Beltway Center	34,100		23,221		45,681		—		2,060		23,221		47,742		70,963		7,843		1998/2006	2014
Eastgate	—		4,073		20,153		—		1,600		4,073		21,753		25,826		4,020		2002	2014
Eastgate Pavilion *	—		8,026		18,148		—		1,851		8,026		19,998		28,024		8,343		1995	2004
Eddy Street Commons	22,630		1,900		37,720		—		1,546		1,900		39,266		41,166		12,094		2009	NA
Estero Town Commons *	—		8,973		9,868		—		1,033		8,973		10,901		19,874		3,333		2006	NA
Fishers Station *	—		4,008		15,782		—		—		4,008		15,782		19,790		3,873		2018	NA
Gainesville Plaza *	—		4,135		15,315		—		1,812		4,135		17,126		21,261		6,971		2015	2004

			Initial Cost				Cost Capitalized Subsequent to Acquisition/Development					Gross Carrying Amount Close of Period
					Building &					Building &				Building &				Accumulated		Year Built /	Year
Name	Encumbrances		Land		Improvements		Land			Improvements		Land		Improvements		Total		Depreciation		Renovated	Acquired
Operating Properties (continued)
Geist Pavilion *	$	—	$	1,368	$	8,349	$	—		$	2,371	$	1,368	$	10,720	$	12,088	$	4,129	2006	NA
Glendale Town Center *	—		1,494		43,655		—			2,245		1,494		45,901		47,395		30,659		1958/2008	1999
Greyhound Commons *	—		2,629		794		—			887		2,629		1,681		4,310		778		2005	NA
Hitchcock Plaza *	—		4,260		22,027		—			2,407		4,260		24,433		28,693		3,787		2006	2014
Holly Springs Towne Center *	—		12,319		46,169		—			2,539		12,319		48,708		61,027		8,618		2013	NA
Holly Springs Towne Center - Phase II *	—		11,910		49,212		—			1,275		11,910		50,486		62,396		4,152		2016	NA
Hunters Creek Promenade *	—		8,335		12,705		179			966		8,514		13,671		22,185		2,760		1994	2013
Indian River Square *	—		5,100		6,348		—			1,646		5,100		7,994		13,094		2,775		1997/2004	2005
International Speedway Square *	18,646		7,769		18,045		—			9,421		7,769		27,467		35,236		16,829		1999	NA
King's Lake Square *	—		4,519		15,614		—			1,293		4,519		16,907		21,426		7,658		1986/2014	2003
Kingwood Commons *	—		5,715		30,811		—			262		5,715		31,073		36,788		8,475		1999	2013
Lake City Commons	5,200		3,415		10,211		—			370		3,415		10,581		13,996		2,383		2008	2014
Lake City Commons - Phase II *	—		1,277		2,225		—			16		1,277		2,241		3,518		465		2011	2014
Lake Mary Plaza	5,080		1,413		8,719		—			89		1,413		8,808		10,221		1,486		2009	2014
Lakewood Promenade *	—		1,783		25,420		—			1,688		1,783		27,108		28,891		8,332		1948/1998	2013
Landstown Commons *	—		18,672		86,210		—			3,200		18,672		89,410		108,082		14,752		2007	2014
Lima Marketplace	8,383		4,703		15,724		—			1,418		4,703		17,142		21,845		3,635		2008	2014
Lithia Crossing *	—		3,065		9,984		—			6,027		3,065		16,011		19,076		5,071		1994/2003	2011
Market Street Village *	—		9,764		16,360		—			2,945		9,764		19,305		29,069		7,219		1970/2004	2005
Merrimack Village Center	5,445		1,921		11,894		—			174		1,921		12,067		13,988		2,013		2007	2014
Miramar Square	31,625		26,392		30,862		489			1,507		26,880		32,370		59,250		6,721		2008	2014
Mullins Crossing *	—		10,582		42,178		—			3,326		10,582		45,504		56,086		10,403		2005	2014
Naperville Marketplace	7,252		5,364		11,475		—			208		5,364		11,682		17,046		3,691		2008	NA
Northcrest Shopping Center	15,780		4,044		33,858		—			1,172		4,044		35,029		39,073		5,801		2008	2014
Northdale Promenade *	—		1,718		27,427		—			48		1,718		27,475		29,193		9,549		2017	NA
Oleander Place *	—		863		5,719		—			37		863		5,756		6,619		1,847		2012	2011
Palm Coast Landing	21,927		4,962		37,642		—			805		4,962		38,446		43,408		7,207		2010	2014
Parkside Town Commons - Phase I *	—		3,108		42,194		(60		)	814		3,047		43,009		46,056		7,621		2015	N/A
Parkside Town Commons - Phase II *	—		20,722		66,766		—			6,756		20,722		73,522		94,244		9,000		2017	N/A
Perimeter Woods *	—		35,793		27,193		—			762		35,793		27,955		63,748		5,027		2008	2014
Pine Ridge Crossing *	—		5,640		17,084		—			3,924		5,640		21,007		26,647		6,911		1994	2006
Plaza at Cedar Hill *	—		5,782		34,816		—			9,521		5,782		44,337		50,119		18,976		2000	2004
Pleasant Hill Commons	—		3,350		10,055		—			416		3,350		10,471		13,821		2,338		2008	2014
Portofino Shopping Center *	—		4,754		75,123		—			17,714		4,754		92,837		97,591		21,736		1999	2013
Publix at Acworth	5,363		1,357		8,229		39			824		1,395		9,053		10,448		3,812		1996	2004
Publix at Woodruff *	—		1,783		6,361		—			880		1,783		7,241		9,024		2,722		1997	2012
Rampart Commons	10,137		1,136		42,808		—			—		1,136		42,808		43,944		7,181		2018	2014
Rangeline Crossing *	—		2,043		18,404		—			658		2,043		19,062		21,105		6,473		1986/2013	NA

			Initial Cost				Cost Capitalized Subsequent to Acquisition/Development				Gross Carrying Amount Close of Period
					Building &				Building &				Building &				Accumulated		Year Built /	Year
Name	Encumbrances		Land		Improvements		Land		Improvements		Land		Improvements		Total		Depreciation		Renovated	Acquired
Operating Properties (continued)
Riverchase Plaza *	$	—	$	3,889	$	11,135	$	—	$	1,350	$	3,889	$	12,485	$	16,374	$	4,550	1991/2001	2006
Rivers Edge *	—		5,647		31,358		—		1,936		5,647		33,294		38,941		8,980		2011	2008
Saxon Crossing	11,400		3,764		16,797		—		439		3,764		17,236		21,000		3,582		2009	2014
Shoppes at Plaza Green *	—		3,749		23,749		—		1,269		3,749		25,019		28,768		7,522		2000	2012
Shoppes of Eastwood *	—		1,688		8,842		—		629		1,688		9,471		11,159		2,727		1997	2013
Shops at Eagle Creek *	—		4,550		8,844		—		5,019		4,550		13,863		18,413		5,097		1998	2003
Shops at Julington Creek	4,785		2,372		7,458		—		155		2,372		7,613		9,985		1,142		2011	2014
Shops at Moore	21,300		6,284		24,682		—		1,625		6,284		26,307		32,591		5,297		2010	2014
Silver Springs Pointe	8,800		7,580		5,242		—		328		7,580		5,570		13,150		1,375		2001	2014
South Elgin Commons *	—		3,916		21,716		—		51		3,916		21,767		25,683		4,355		2011	2014
Stoney Creek Commons *	—		628		3,700		—		5,878		628		9,579		10,207		3,130		2000	NA
Sunland Towne Centre *	—		14,774		22,276		—		5,173		14,774		27,449		42,223		11,582		1996	2004
Tarpon Bay Plaza *	—		4,273		23,845		—		2,801		4,273		26,646		30,919		8,227		2007	NA
Temple Terrace *	—		2,245		9,282		—		55		2,245		9,336		11,581		1,569		2012	2014
The Centre at Panola *	1,332		1,986		8,164		—		378		1,986		8,542		10,528		4,012		2001	2004
The Corner	14,750		3,772		24,619		—		44		3,772		24,663		28,435		4,274		2008	2014
The Landing at Tradition *	—		18,505		42,808		—		3,365		18,505		46,173		64,678		7,302		2007	2014
Toringdon Market *	—		5,448		9,456		—		380		5,448		9,836		15,284		2,508		2004	2013
Traders Point *	—		9,443		36,327		—		2,683		9,443		39,011		48,454		15,559		2005	NA
Traders Point II *	—		2,376		6,441		—		1,138		2,376		7,578		9,954		3,100		2005	NA
Tradition Village Center *	—		3,140		13,941		—		1,366		3,140		15,307		18,447		2,591		2006	2014
University Town Center	18,690		4,125		31,528		—		813		4,125		32,342		36,467		6,224		2009	2014
University Town Center - Phase II	10,500		7,902		24,199		—		734		7,902		24,932		32,834		5,960		2012	2014
Village at Bay Park	9,183		6,517		8,133		—		999		6,517		9,131		15,648		1,882		2005	2014
Waterford Lakes Village *	—		2,317		6,371		—		305		2,317		6,676		8,993		2,743		1997	2004
Waxahachie Crossing	7,750		1,411		15,607		—		105		1,411		15,712		17,123		2,534		2010	2014
Westside Market *	—		4,194		17,723		—		359		4,194		18,082		22,276		2,616		2013	2014
Total Operating Properties	581,371		746,832		2,591,916		2,861		189,854		749,692		2,781,770		3,531,462		672,772

			Initial Cost				Cost Capitalized Subsequent to Acquisition/Development				Gross Carrying Amount Close of Period
					Building &				Building &				Building &				Accumulated		Year Built /	Year
Name	Encumbrances		Land		Improvements		Land		Improvements		Land		Improvements		Total		Depreciation		Renovated	Acquired
Office Properties
Thirty South	$	16,941	$	1,643	$	4,608	$	—	$	24,824	$	1,643	$	29,432	$	31,075	$	11,232	1905/2002	2001
Union Station Parking Garage *	—		904		2,650		—		1,592		904		4,242		5,146		1,765		1986	2001
Total Office Properties	16,941		2,547		7,258		—		26,416		2,547		33,674		36,221		12,997
Development and Redevelopment Properties
Courthouse Shadows *	—		4,999		11,216		—		—		4,999		11,216		16,215		5,258		NA	NA
Hamilton Crossing Centre	9,858		5,549		10,309		—		—		5,549		10,309		15,858		3,934		NA	NA
The Corner *	—		304		3,202		—		—		304		3,202		3,506		—		NA	NA
Total Development and Redevelopment Properties	9,858		10,853		24,726		—		—		10,853		24,726		35,579		9,193
Other **
Bridgewater Marketplace *	—		2,115		—		—		—		2,115		—		2,115		—		NA	NA
Eddy Street Commons *	—		4,783		—		—		—		4,783		—		4,783		—		NA	NA
KRG Development	—		—		1,010		—		—		—		1,010		1,010		49		NA	NA
KRG New Hill *	—		5,872		—		—		—		5,872		—		5,872		—		NA	NA
KRG Peakway	—		7,444		—		—		—		7,444		—		7,444		—		NA	NA
Pan Am Plaza	—		8,891		—		—		—		8,891		—		8,891		—		NA	NA
Total Other	—		29,104		1,010		—		—		29,104		1,010		30,114		49
Line of credit/Term Loan/Unsecured notes	940,600		—		—		—		—		—		—		—		—		NA	NA
Grand Total	$	1,548,770	$	789,336	$	2,624,910	$	2,861	$	216,270	$	792,197	$	2,841,179	$	3,633,376	$	695,012

____________________
*	This property or a portion of the property is included as an unencumbered asset used in calculating our line of credit borrowing base.
**	This category generally includes land held for development.  We also have certain additional land parcels at our development and operating properties, which amounts are included elsewhere in this table.

Reconciliation of Investment Properties

The changes in investment properties of the Company for the years ended December 31, 2018, 2017, and 2016 are as follows: 

	2018			2017			2016
Balance, beginning of year	$	3,949,431		$	3,988,819		$	3,926,180
Acquisitions	—			—			—
Improvements	68,349			78,947			97,161
Impairment	(73,198		)	(10,897		)	—
Disposals	(311,206		)	(107,438		)	(34,522		)
Balance, end of year	$	3,633,376		$	3,949,431		$	3,988,819

The unaudited aggregate cost of investment properties for U.S. federal tax purposes as of December 31, 2018 was $2.7 billion.

Reconciliation of Accumulated Depreciation

The changes in accumulated depreciation of the Company for the years ended December 31, 2018, 2017, and 2016 are as follows: 

	2018			2017			2016
Balance, beginning of year	$	660,276		$	556,851		$	428,930
Depreciation expense	132,662			148,346			148,947
Impairment	(2,838		)	(3,494		)	—
Disposals	(95,088		)	(41,427		)	(21,026		)
Balance, end of year	$	695,012		$	660,276		$	556,851

Depreciation of investment properties reflected in the statements of operations is calculated over the estimated original lives of the assets as follows: 

Buildings	20-35 years
Building improvements	10-35 years
Tenant improvements	Term of related lease
Furniture and Fixtures	5-10 years

All other schedules have been omitted because they are inapplicable, not required or the information is included elsewhere in the consolidated financial statements or notes thereto.