Schedule III - Real Estate And Accumulated Depreciation

12 Months Ended

Dec. 31, 2019

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

Schedule III - Real Estate and Accumulated Depreciation

			Initial Cost (A)									Gross amount at which carried at end of period
PROPERTY NAME Location	Encumbrance		Land		Buildings and Improvements		Adjustments to Land Basis (B)		Adjustments to Basis (B)			Land and Improvements		Buildings and Improvements		Total (C)		Accumulated Depreciation (D,E)		Date Acquired
BEAR CREEK VILLAGE CENTER Wildomar, CA	$	12,748	$	3,523	$	12,384	$	—	$	317		$	3,523	$	12,701	$	16,224	$	4,965	2009
BENT TREE PLAZA Raleigh, NC	—		1,983		7,093		—		1,605			1,983		8,698		10,681		3,104		2009
BUCKHEAD CROSSING Atlanta, GA	—		7,565		27,104		—		1,013			7,565		28,117		35,682		11,052		2009
CAMPUS MARKETPLACE San Marcos, CA	41,000		26,928		43,445		55		(33		)	26,983		43,412		70,395		4,681		2017
CARY PARK TOWN CENTER Cary, NC	—		5,555		17,280		—		—			5,555		17,280		22,835		1,534		2017
CENTERPLACE OF GREELEY Greeley, CO	13,795		3,904		14,715		—		369			3,904		15,084		18,988		5,978		2009
CHEYENNE MEADOWS Colorado Springs, CO	—		2,023		6,991		—		171			2,023		7,162		9,185		2,843		2009
COMMONS AT UNIVERSITY PLACE Raleigh, NC	—		3,198		17,909		—		—			3,198		17,909		21,107		569		2019
COWETA CROSSING Newnan, GA	—		1,143		4,590		—		8			1,143		4,598		5,741		1,898		2009
CUSTER CREEK VILLAGE Richardson, TX	—		4,750		12,245		—		387			4,750		12,632		17,382		5,534		2007
ELDORADO MARKETPLACE Dallas, TX	—		15,732		49,311		—		—			15,732		49,311		65,043		582		2019
ELDRIDGE TOWN CENTER Houston, TX	—		5,380		22,994		—		1,687			5,380		24,681		30,061		12,470		2005
GARDEN VILLAGE San Pedro, CA	—		3,188		16,522		3,268		144			6,456		16,666		23,122		6,379		2009
GATEWAY MARKET CENTER Tampa, FL	—		13,600		4,992		—		4,011			13,600		9,003		22,603		2,232		2010

			Initial Cost (A)									Gross amount at which carried at end of period
PROPERTY NAME Location	Encumbrance		Land		Buildings and Improvements		Adjustments to Land Basis (B)			Adjustments to Basis (B)		Land and Improvements		Buildings and Improvements		Total (C)		Accumulated Depreciation (D,E)		Date Acquired
KENNESAW MARKETPLACE Kennesaw, GA	$	—	$	12,587	$	51,860	$	—		$	242	$	12,587	$	52,102	$	64,689	$	2,840	2018
KROGER TOMBALL Tomball, TX	—		1,104		10,223		—			—		1,104		10,223		11,327		241		2019
KYLE MARKETPLACE Kyle, TX	—		6,076		48,220		—			331		6,076		48,551		54,627		3,902		2017
LAKESIDE WINTER PARK AND LAKESIDE CROSSINGS Orland, FL	—		16,594		41,085		—			—		16,594		41,085		57,679		1,090		2019
MARKET AT WESTLAKE Westlake Hills, TX	—		1,200		6,274		(64		)	—		1,136		6,274		7,410		2,802		2007
NORTHCROSS COMMONS Charlotte, NC	—		7,591		21,303		—			463		7,591		21,766		29,357		2,479		2016
OLD GROVE MARKETPLACE Oceanside, CA	—		12,545		8,902		—			49		12,545		8,951		21,496		1,156		2016
PARAISO PARC AND WESTFORK PLAZA Pembroke Pines, FL	—		28,267		124,019		—			4,367		28,267		128,386		156,653		12,518		2017
PAVILION AT LAQUINTA LaQuinta, CA	23,245		15,200		20,947		—			856		15,200		21,803		37,003		8,417		2009
PEACHLAND PROMENADE Port Charlotte, FL	—		1,742		6,502		4,158			7,857		5,900		14,359		20,259		942		2009
PGA PLAZA Palm Beach Gardens, FL	—		10,414		75,730		—			302		10,414		76,032		86,446		4,075		2018
PLANTATION GROVE Ocoee, FL	7,300		3,705		6,300		—			708		3,705		7,008		10,713		1,485		2014
PLAZA MIDTOWN Atlanta, GL	—		5,295		23,946		—			194		5,295		24,140		29,435		1,871		2017

			Initial Cost (A)									Gross amount at which carried at end of period
PROPERTY NAME Location	Encumbrance		Land		Buildings and Improvements		Adjustments to Land Basis (B)			Adjustments to Basis (B)		Land and Improvements		Buildings and Improvements		Total (C)		Accumulated Depreciation (D,E)		Date Acquired
RENAISSANCE CENTER Durham, NC	$	14,818	$	26,713	$	96,141	$	—		$	3,571	$	26,713	$	99,712	$	126,425	$	13,650	2016
RIO PINOR PLAZA Orlando, FL	—		5,171		26,903		—			216		5,171		27,119		32,290		4,083		2015
RIVER OAKS SHOPPING CENTER Valencia, CA	—		24,598		88,418		—			205		24,598		88,623		113,221		7,142		2017
RIVERVIEW VILLAGE Arlington, TX	—		6,000		9,649		—			822		6,000		10,471		16,471		4,711		2007
RIVERWALK MARKET Flower Mound, TX	—		5,931		23,922		—			73		5,931		23,995		29,926		2,773		2016
ROSE CREEK Woodstock, GA	—		1,443		5,630		—			530		1,443		6,160		7,603		2,337		2009
SANDY PLAINS CENTRE Marietta, GA	—		12,364		27,270		652			2,066		13,016		29,336		42,352		1,002		2018
SARASOTA PAVILION Sarasota, FL	—		12,000		25,823		—			4,310		12,000		30,133		42,133		9,579		2010
SCOFIELD CROSSING Austin, TX	—		8,100		4,992		(576		)	3,269		7,524		8,261		15,785		2,457		2007
SHOPS AT FAIRVIEW TOWN CENTER Dallas, TX	—		7,299		25,233		—			—		7,299		25,233		32,532		431		2019
SHOPS AT THE GALLERIA Austin, TX	—		52,104		75,651		—			624		52,104		76,275		128,379		10,486		2016
SONTERRA VILLAGE San Antonio, TX	—		5,150		15,095		—			404		5,150		15,499		20,649		2,199		2015
SOUTHERN PALM CROSSING Miami, FL	—		37,735		49,843		—			—		37,735		49,843		87,578		941		2019
STEVENSON RANCH Stevenson Ranch, CA	—		29,519		39,190		—			146		29,519		39,336		68,855		5,238		2016

			Initial Cost (A)								Gross amount at which carried at end of period
PROPERTY NAME Location	Encumbrance		Land		Buildings and Improvements		Adjustments to Land Basis (B)		Adjustments to Basis (B)		Land and Improvements		Buildings and Improvements		Total (C)		Accumulated Depreciation (D,E)		Date Acquired
SUNCREST VILLAGE Orlando, FL	$	8,400	$	6,742	$	6,403	$	—	$	911	$	6,742	$	7,314	$	14,056	$	1,515	2014
SYCAMORE COMMONS Matthews, NC	—		12,500		31,265		—		3,176		12,500		34,441		46,941		12,872		2010
THE CENTER AT HUGH HOWELL Tucker, GA	—		2,250		11,091		—		751		2,250		11,842		14,092		5,611		2007
THE PARKE Cedar Park, TX	—		9,271		83,078		—		428		9,271		83,506		92,777		7,011		2017
THE POINTE AT CREEDMOOR Raleigh, NC	—		7,507		5,454		—		55		7,507		5,509		13,016		774		2016
THE SHOPS AT TOWN CENTER Germantown, MD	—		19,998		29,776		—		295		19,998		30,071		50,069		2,987		2017
THE SHOPS AT WALNUT CREEK Westminster, CO	28,630		10,132		44,089		—		1,876		10,132		45,965		56,097		7,644		2015
THOMAS CROSSROADS Newnan, GA	—		1,622		8,322		—		1,156		1,622		9,478		11,100		3,489		2009
TRAVILAH SQUARE Washington, D.C.	—		8,964		39,836		—		—		8,964		39,836		48,800		449		2019
UNIVERSITY OAKS SHOPPING CENTER Round Rock, TX	26,115		7,250		25,326		—		8,098		7,250		33,424		40,674		11,585		2010
WESTPARK SHOPPING CENTER Glen Allen, VA	—		7,462		24,164		—		4,279		7,462		28,443		35,905		3,256		2013
WINDWARD COMMONS Alpharetta, GA	—		12,823		13,779		—		320		12,823		14,099		26,922		1,749		2016
WOODLAKE CROSSING San Antonio, TX	—		3,420		14,153		—		3,411		3,420		17,564		20,984		6,464		2009
Total Corporate Assets	—		—		—		—		9,064		—		9,064		9,064		6,628		-
Total	$	176,051	$	564,860	$	1,553,382	$	7,493	$	75,104	$	572,353	$	1,628,486	$	2,200,839	$	246,702

Notes to Schedule III

The Company had $4,052 of assets included in construction in progress at December 31, 2019, which have been omitted from the prior table. The aggregate cost of real estate owned at December 31, 2019 for federal income tax purposes was approximately $2,410,252 (unaudited).

(A) The initial cost to the Company represents the original purchase price of the asset, including amounts incurred subsequent to acquisition which were contemplated at the time the property was acquired.

(B) Cost capitalized subsequent to acquisition includes additional tangible costs associated with investment properties, including any earnout of tenant space. Amount also includes impairment charges recorded subsequent to acquisition to reduce basis.

(C) Reconciliation of real estate owned:

	2019			2018			2017
Balance at January 1,	$	2,229,495		$	2,516,085		$	2,180,252
Acquisitions and capital improvements	368,489			237,439			598,843
Disposals and write-offs	(397,145		)	(524,029		)	(263,010		)
Balance at December 31,	$	2,200,839		$	2,229,495		$	2,516,085

(D) Reconciliation of accumulated depreciation:

	2019			2018			2017
Balance at January 1,	$	286,330		$	348,337		$	351,389
Depreciation expense, continuing operations	66,808			73,021			70,959
Depreciation expense, properties classified as discontinued operations	—			—			974
Disposal and write-offs	(106,436		)	(135,028		)	(74,985		)
Balance at December 31,	$	246,702		$	286,330		$	348,337

(E) Depreciation is computed based upon the following estimated lives:

    

Buildings and improvements	30 years
Tenant improvements	Life of the lease
Furniture, fixtures and equipment	5	-	15 years