XML 38 R22.htm IDEA: XBRL DOCUMENT v3.24.0.1
Schedule III Real Estate Investments and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2023
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III Real Estate Investments and Accumulated Depreciation
Schedule III
Real Estate Investments and Accumulated Depreciation
As of December 31, 2023
(in thousands)
    
Initial Cost
to Company
Costs
Capitalized
Subsequent
to
Acquisition
Gross Amount Carried
at December 31, 2023
   
Property Name
No. of
Bldgs.
LocationEncumbrancesLand
Buildings &
Improvements
Land
Buildings &
Improvements
TotalAccumulated
Depreciation
Year
Acquired
Year
Constructed
Los Angeles
104th Street1 Los Angeles, CA$— $3,701 $976 $206 $3,701 $1,182 $4,883 $233 20171951
5401 West 104th St1 Los Angeles, CA— 15,721 1,463 45 15,721 1,508 17,230 46 20221951
139th Street2 Carson, CA— 21,236 15,783 720 21,236 16,503 37,739 2,760 20171965/2003
630 Glasgow1 Inglewood, CA— 2,245 1,855 475 2,245 2,330 4,575 966 20111988
747 Glasgow1 Inglewood, CA— 1,759 1,555 475 1,759 2,030 3,789 689 20141981
1150 & 1250 W. Trenton Ave2 Orange, CA— 7,491 2,488 — 7,491 2,488 9,979 168 20211980 & 1971
13020 & 13030 Cerise2 Hawthorne, CA— 6,986 1,371 1,536 6,986 2,907 9,895 118 20211956 & 1958
13025 Cerise1 Hawthorne, CA— 6,864 1,330 73 6,864 1,403 8,267 80 20211955
14611 Broadway1 Gardena, CA— 4,757 1,243 1,588 4,757 2,831 7,588 1,428 20131962
3660 Fee Ana— Anaheim, CA— 14,213 1,147 1,211 14,213 2,359 16,572 116 20221966/1993
19601 Hamilton1 Torrance, CA— 7,409 4,072 1,881 7,409 5,953 13,362 2,081 20111985
8320-8400 Isis Avenue1 Los Angeles, CA— 14,963 3,429 136 14,963 3,565 18,528 157 20221979
332 Hindry Avenue1 Inglewood, CA— 6,977 2,800 155 6,977 2,955 9,932 134 20221983
709 Hindry1 Inglewood, CA— 2,105 2,972 648 2,105 3,620 5,725 723 20161984
Acacia1 Compton, CA— 5,143 1,985 500 5,143 2,485 7,628 527 20171972
Anderson5 Los Angeles, CA— 17,095 1,271 5,436 17,095 6,708 23,803 728 20191912-1987
Aviation— Inglewood, CA— 9,544 498 1,592 9,544 2,090 11,634 189 20202013
Ceres Ave2 Los Angeles, CA— 4,825 2,833 57 4,825 2,890 7,715 161 20212015
Dominguez— Los Angeles, CA— 11,370 1,535 3,235 11,370 4,770 16,140 1,169 2017
3091 East Coronado St— Anaheim, CA— 7,140 464 147 7,140 611 7,751 48 20222017
Garfield5 Commerce, CA— 27,539 22,694 7,218 27,539 29,912 57,451 11,246 20122002
Gladwick1 Rancho Dominguez, CA— 11,636 5,998 341 11,636 6,339 17,975 665 20202009
Gramercy Place1 Torrance, CA— 4,846 1,503 252 4,846 1,756 6,602 184 20212015
Hawthorne8 Hawthorne, CA— 17,226 10,069 2,394 17,226 12,463 29,689 2,570 20171952/1986
Las Hermanas1 Compton, CA— 3,330 751 888 3,330 1,639 4,969 720 20141970
Lynwood3 Lynwood, CA— 43,885 — — 43,885 — 43,885 — 20171988
McLaren1 Irvine, CA— 7,459 668 — 7,459 668 8,127 72 20201982
Manhattan Beach1 Redondo Beach, CA— 7,874 5,641 1,945 7,874 7,586 15,460 2,338 20121963/1970
Maple— Rancho Dominguez, CA— 9,371 607 592 9,371 1,199 10,570 250 20201978
Maple II— Rancho Dominguez, CA— 14,102 183 495 14,102 678 14,780 172 2021
    
Initial Cost
to Company
Costs
Capitalized
Subsequent
to
Acquisition
Gross Amount Carried
at December 31, 2023
   
Property Name
No. of
Bldgs.
LocationEncumbrancesLand
Buildings &
Improvements
Land
Buildings &
Improvements
TotalAccumulated
Depreciation
Year
Acquired
Year
Constructed
Porter1 Los Angeles, CA— 3,791 399 3 3,791 402 4,193 34 20201911 & 1968
San Pedro— Gardena, CA— 7,598 1,523 314 7,598 1,837 9,435 208 2021
Santa Fe2 Redondo Beach, CA— 37,049 5,560 — 37,049 5,560 42,608 31 20231968
Shoemaker— Santa Fe Springs, CA— 4,759 1,099 281 4,759 1,380 6,139 262 20181986/1997
Slauson— Santa Fe Springs, CA— 4,679 697 957 4,679 1,654 6,333 269 20191967/1973
19500 South Alameda St— Rancho Dominguez, CA— 30,176 2,364 138 30,176 2,502 32,678 97 20221982/1985
South Main2 Carson, CA— 16,371 7,045 17,452 16,371 24,497 40,868 8,793 2012/20142016
South Main III1 Gardena, CA— 11,521 12,467 1,062 11,521 13,529 25,050 2,458 20172016
Telegraph Springs2 Santa Fe Springs, CA— 7,063 7,236 667 7,063 7,903 14,966 1,630 20172007
Vermont1 Torrance, CA— 10,173 7,105 848 10,173 7,953 18,126 1,298 20181978
Walnut II1 Compton, CA— 6,097 5,069 955 6,097 6,024 12,121 1,141 20181969
Northern New Jersey/
New York City
17 Madison1 Fairfield, NJ— 974 1,647 771 974 2,418 3,392 918 20131979
22 Madison1 Fairfield, NJ— 1,365 1,607 1,187 1,365 2,794 4,159 671 20151979
48th 3rd and 286 Central1 Kearny, NJ— 12,061 1,664 1,101 12,061 2,765 14,826 371 20191978/1983
9th Street1 Long Island City, NY— 18,410 5,116 4,099 18,410 9,215 27,625 195 20231939
49th Street1 Queens, NY— 21,674 2,999 1,435 21,674 4,434 26,108 1,150 20191966
50 Kero2 Carlstadt, NJ— 10,343 3,876 4,581 10,343 8,457 18,800 1,779 20171970
51 Kero— Carlstadt, NJ— 3,236 589 313 3,236 902 4,138 89 20191956-1966
74th North Bergen1 North Bergen, NJ— 2,933 1,817 1,204 2,933 3,021 5,954 861 20161973
81 N. Hackensack— Kearny, NJ— 25,901 — 1,263 25,901 1,263 27,164 332 2019
85 Doremus— Newark, NJ— 5,918 513 26 5,918 539 6,457 102 2018
87 Doremus— Newark, NJ— 21,595 550 197 21,595 747 22,342 32 2022N/A
127 Doremus— Newark, NJ— 12,111 430 520 12,111 950 13,061 34 2022N/A
97 Third Street— Kearny, NJ— 25,580 1,566 1,690 25,580 3,256 28,836 396 20211970
190 Morgan1 Brooklyn, NY— 4,363 249 1,186 4,363 1,435 5,798 138 20211969
341 Michele1 Carlstadt, NJ— 2,372 4,798 1,275 2,372 6,073 8,445 1,877 20131973
422 Frelinghuysen— Newark, NJ— 16,728 — 6,786 16,728 6,786 23,514 1,754 2017
465 Meadow1 Carlstadt, NJ— 713 1,618 319 713 1,937 2,650 527 20131972
550 Delancy1 Newark, NJ— 9,230 4,855 2,400 9,230 7,255 16,485 2,508 20131987
620 Division1 Elizabeth, NJ— 6,491 3,568 6,898 6,491 10,466 16,957 4,273 20111980
629 Henry1 Elizabeth, NJ— 13,734 1,690 394 13,734 2,084 15,818 61 20222004
900 Hart1 Piscataway, NJ— 3,202 3,866 1,787 3,202 5,653 8,855 1,839 20141983
901 North1 Elizabeth, NJ— 8,035 913 881 8,035 1,794 9,829 764 20162016
228 North Ave1 Elizabeth, NJ— 40,671 5,218 1,691 40,671 6,909 47,580 502 20211975
256 Patterson Plank1 Carlstadt, NJ— 9,478 1,284 1,754 9,478 3,038 12,516 335 20211960
293 Roanoke Avenue— Newark, NJ— 11,395 2,217 381 11,395 2,598 13,992 183 2022N/A
    
Initial Cost
to Company
Costs
Capitalized
Subsequent
to
Acquisition
Gross Amount Carried
at December 31, 2023
   
Property Name
No. of
Bldgs.
LocationEncumbrancesLand
Buildings &
Improvements
Land
Buildings &
Improvements
TotalAccumulated
Depreciation
Year
Acquired
Year
Constructed
Avenue A4 Carlstadt, NJ— 7,516 4,660 1,455 7,516 6,115 13,631 1,578 20171951/1957
Belleville1 Kearny, NJ— 12,845 18,041 1,847 12,845 19,888 32,733 6,358 20112006
Commerce1 Carlstadt, NJ— 1,656 1,544 345 1,656 1,889 3,545 259 20181969
Dell1 Carlstadt, NJ— 6,641 771 888 6,641 1,659 8,300 545 20111972
Ethel2 Piscataway, NJ— 2,748 3,801 2,643 2,748 6,444 9,192 2,100 20131981/1984
Interstate2 South Brunswick, NJ— 13,686 12,135 13,879 13,686 26,014 39,700 9,109 2010/20131999/2014
JFK Airgate4 Queens, NY— 18,282 32,933 9,325 18,282 42,258 60,540 13,641 20131986/1991
Manor1 East Rutherford, NJ— 4,076 5,262 3,827 4,076 9,089 13,165 2,042 20151968
Morgan2 Brooklyn, NY— 71,051 10,888 6,673 71,051 17,561 88,612 2,533 20191960/1980 & 1967
New Dutch1 Fairfield, NJ— 4,773 2,004 — 4,773 2,004 6,777 473 20171976
Paterson Plank1 Carlstadt, NJ— 4,127 455 1,470 4,127 1,925 6,052 297 20161998
Stockton— Newark, NJ— 12,327 1,282 536 12,327 1,818 14,145 723 2017
Terminal Way2 Avenel, NJ— 3,537 3,598 1,334 3,537 4,932 8,469 1,358 20141950/1968
Van Dyke1 Red Hook, Brooklyn, NY— 21,170 3,200 202 21,170 3,402 24,574 20 20231921
Whelan1 East Rutherford, NJ— 6,366 5,704 598 6,366 6,302 12,668 891 20192005
Wilson1 Newark, NJ— 2,016 484 813 2,016 1,297 3,313 535 20161970
Woodside1 Queens, NY— 23,987 3,796 4,092 23,987 7,888 31,875 1,710 20182018
San Francisco Bay Area
20th Street1 Oakland, CA— 18,092 6,730 2,030 18,092 8,760 26,852 1,279 20191970 & 2003
238/242 Lawrence2 South San Francisco, CA— 6,674 2,655 2,131 6,674 4,786 11,460 2,258 20101986
240 Littlefield1 South San Francisco, CA— 5,107 3,293 2,860 5,107 6,153 11,260 1,787 20132013
299 Lawrence1 South San Francisco, CA— 1,352 1,198 571 1,352 1,769 3,121 781 20101968
631 Brennan1 San Jose, CA— 1,932 2,245 1,040 1,932 3,285 5,217 1,184 20121975
3660 Thomas Road1 Santa Clara, CA— 43,053 13,887 1,463 43,053 15,349 58,403 675 20221973
Ahern2 Union City, CA— 3,246 2,749 1,730 3,246 4,479 7,725 1,859 20101986
Ahern II1 Union City, CA— 2,467 4,527 844 2,467 5,371 7,838 1,430 20151997
Berryessa— San Jose, CA— 23,057 2,574 812 23,057 3,386 26,443 80 2021
Burroughs3 San Leandro, CA— 5,400 7,092 1,736 5,400 8,828 14,228 2,634 20141966
Caribbean3 Sunnyvale, CA— 17,483 14,493 2,965 17,483 17,458 34,941 6,097 20121980/1981
Carlton Court1 South San Francisco, CA— 2,036 1,475 722 2,036 2,197 4,233 706 20121981
Clawiter1 Hayward, CA— 5,964 1,159 189 5,964 1,348 7,312 391 20111967
East Gish— San Jose, CA— 6,759 726 2 6,759 729 7,487 67 20211959
Edison3 San Leandro, CA— 14,797 2,806 2,203 14,797 5,008 19,805 483 20211975
Foley Street2 Hayward, CA— 5,023 3,281 632 5,023 3,913 8,935 314 20211976 & 1972
Hotchkiss1 Fremont, CA— 4,163 3,152 1,401 4,163 4,553 8,716 963 20171997
Hotchkiss II1 Fremont, CA— 3,042 3,081 355 3,042 3,436 6,478 569 20181997
    
Initial Cost
to Company
Costs
Capitalized
Subsequent
to
Acquisition
Gross Amount Carried
at December 31, 2023
   
Property Name
No. of
Bldgs.
LocationEncumbrancesLand
Buildings &
Improvements
Land
Buildings &
Improvements
TotalAccumulated
Depreciation
Year
Acquired
Year
Constructed
Merced4 San Leandro, CA— 25,621 9,318 5,689 25,621 15,007 40,628 2,507 20181958
Michele1 South San Francisco, CA— 2,710 2,540 822 2,710 3,362 6,072 706 20161979
Minnesota and Tennessee2 San Francisco, CA— 34,738 13,141 2,530 34,738 15,671 50,409 1,899 20191963
Morton4 Newark, CA— 65,640 115,039 158 65,640 115,197 180,837 2,384 20232020
Old Bayshore— San Jose, CA— 10,244 1,609 149 10,244 1,758 12,002 265 20201955
San Clemente1 Hayward, CA— 5,126 3,938 782 5,126 4,720 9,846 716 20181982
Teagarden5 San Leandro, CA— 19,172 15,221 605 19,172 15,825 34,997 677 20221970/1972
Starlite1 South San Francisco, CA— 3,738 144 2,379 3,738 2,523 6,261 153 20201966 & 1972
West 140th2 San Leandro, CA— 9,578 6,297 3,745 9,578 10,042 19,620 2,380 20161959
Whitney3 San Leandro, CA— 13,821 9,016 2,706 13,821 11,722 25,543 2,303 20181974
Wicks1 San Leandro, CA— 2,224 298 86 2,224 384 2,608 79 20181976
Central Pacific Business Park I3 Union City, CA— 8,468 14,165 2,287 8,468 16,452 24,920 4,734 20141989
Central Pacific Business Park II4 Union City, CA— 13,642 23,658 7,788 13,642 31,446 45,088 9,791 20152015
Seattle
1st Ave1 Seattle, WA— 29,441 30,537 8,835 29,441 39,372 68,812 3,684 20181937 & 1967
33rd Place2 Bellevue, WA— 10,655 3,930 144 10,655 4,074 14,729 222 20221968-2009
6th Ave South1 Seattle, WA— 7,215 8,670 163 7,215 8,833 16,048 1,108 20201960
68th Kent2 Kent, WA— 7,465 2,263 155 7,465 2,418 9,883 187 20211976
84th Kent— Kent, WA— 4,552 136 283 4,552 419 4,971 147 20201963 & 2000
117th Place NE1 Kirkland, WA— 23,846 9,842 1,242 23,846 11,084 34,930 850 20211978
917 Valley1 Puyallup, WA— 2,203 4,551 373 2,203 4,924 7,127 614 20192006
3401 Lind1 Renton, WA— 2,999 6,707 1,451 2,999 8,158 11,157 2,076 20141984/2012
4225 2nd Avenue1 Seattle, WA— 4,236 4,049 2,258 4,236 6,307 10,543 1,657 20151957
4930 3rd Avenue South1 Seattle, WA— 3,984 2,424 1,246 3,984 3,670 7,654 946 20161964
12119 East Marginal— Tukwila, WA— 4,950 1,740 — 4,950 1,740 6,690 149 20201996
17600 West Valley Highway1 Tukwila, WA— 3,361 5,260 1,934 3,361 7,194 10,555 2,723 20121986
Auburn 4001 Auburn, WA— 4,415 5,234 832 4,415 6,066 10,481 827 20192000
Auburn 13071 Auburn, WA— 4,253 5,034 718 4,253 5,752 10,005 1,625 20142002
Dawson1 Seattle, WA— 3,902 278 435 3,902 713 4,615 292 20171964
Denver1 Seattle, WA— 3,203 1,345 666 3,203 2,011 5,214 694 20161953
East Valley1 Renton, WA— 2,693 2,959 381 2,693 3,340 6,033 490 20181991
East Marginal— Renton, WA— 2,618 380 198 2,618 578 3,196 133 20191991
Hudson1 Seattle, WA— 4,471 912 323 4,471 1,235 5,706 146 20202006
Kent 1881 Kent, WA— 3,251 4,719 2,340 3,251 7,059 10,310 2,668 20101979
Kent 1901 Kent, WA— 4,560 5,561 1,522 4,560 7,083 11,643 1,811 20151992/1999
    
Initial Cost
to Company
Costs
Capitalized
Subsequent
to
Acquisition
Gross Amount Carried
at December 31, 2023
   
Property Name
No. of
Bldgs.
LocationEncumbrancesLand
Buildings &
Improvements
Land
Buildings &
Improvements
TotalAccumulated
Depreciation
Year
Acquired
Year
Constructed
Kent 1921 Kent, WA— 12,752 20,642 533 12,752 21,175 33,927 2,511 2020
Kent 2021 Kent, WA— 5,761 9,114 3,410 5,761 12,524 18,285 3,757 20151981
Kent 2161 Kent, WA— 3,672 5,408 1,145 3,672 6,553 10,225 1,963 20141996
Kent Corporate Park4 Kent, WA— 5,032 6,916 2,542 5,032 9,458 14,490 3,065 20151980/1981
Lucile1 Seattle, WA— 4,498 3,504 1,674 4,498 5,178 9,676 1,398 20171976
Lund1 Auburn, WA— 2,573 4,399 397 2,573 4,796 7,369 1,071 20161999
Occidental Avenue3 Seattle, WA— 12,550 3,300 1,231 12,550 4,531 17,081 362 20211988
Olympic1 Tukwila, WA— 1,499 1,431 713 1,499 2,144 3,643 843 20151978
MLK 9801— Seattle, WA— 14,388 1,360 429 14,208 1,789 15,997 100 2021
MLK 9845— Seattle, WA— 14,436 531 95 15,389 626 16,014 62 2021
MLK 9600— Seattle, WA— 20,849 1,395 812 20,077 2,207 22,283 452 20211957
NE 91st2 Redmond, WA— 7,944 1,866 — 7,944 1,866 9,810 84 20221986/1987
SeaTac 8th Avenue1 Burien, WA— 2,501 4,020 2,098 2,501 6,118 8,619 2,102 20131988
SE 32nd Street1 Bellevue, WA— 9,059 2,081 1,257 9,059 3,338 12,397 608 20201982
SW 16th Street— Renton, WA— 6,251 2,001 — 6,251 2,001 8,252 143 20211962
SW 34th1 Renton, WA— 2,912 3,289 562 2,912 3,851 6,763 1,206 20141996/2010
Valley Corporate2 Kent, WA— 5,264 9,096 2,253 5,264 11,349 16,613 4,567 20111987
Woodinville1 Woodinville, WA— 12,490 12,244 2 12,490 12,246 24,736 695 20211996
Woodinville II2 Woodinville, WA— 20,941 12,949 33 20,941 12,982 33,923 687 20211999
Willows— Redmond, WA— 3,067 581 179 3,067 760 3,827 47 20211970
8660 Willows Road— Redmond, WA— 18,034 2,180 1,360 18,034 3,540 21,574 173 20221987
Miami
26th Street1 Miami, FL— 3,444 4,558 1,272 3,444 5,830 9,274 1,843 20121973
48th Avenue2 Miami Gardens, FL— 4,322 2,187 1,028 4,322 3,215 7,537 932 20111987
70th Avenue1 Miami, FL— 1,434 2,333 469 1,434 2,802 4,236 936 20111999
70th Avenue II1 Miami, FL— 2,152 3,418 1,043 2,152 4,461 6,613 1,055 20161969
70th Avenue III1 Miami, FL— 2,543 3,167 730 2,543 3,897 6,440 854 20161974
70th Avenue IV1 Miami, FL— 1,119 1,456 672 1,119 2,128 3,247 407 20171969
70th Avenue V1 Miami, FL— 5,036 3,419 2,455 5,036 5,874 10,910 911 20171974
73rd Street2 Miami, FL— 6,130 13,932 453 6,130 14,385 20,515 691 20212022
74th Avenue1 Miami, FL— 2,327 3,538 913 2,327 4,451 6,778 1,044 20161986
78th Avenue1 Doral, FL— 2,445 1,755 3,015 2,445 4,770 7,215 1,808 20121977
81st Street2 Medley, FL— 2,938 5,242 1,691 2,938 6,933 9,871 2,090 20151996/2003
94th Avenue1 Doral, FL— 3,000 3,580 3,040 3,000 6,620 9,620 736 20171989
107th Avenue1 Medley, FL— 2,787 2,036 902 2,787 2,938 5,725 1,091 20132001
101st Road1 Medley, FL— 2,647 3,258 1,074 2,647 4,332 6,979 1,453 20132012
131st Street1 Medley, FL— 2,903 5,729 1,285 2,903 7,014 9,917 1,932 20141999
    
Initial Cost
to Company
Costs
Capitalized
Subsequent
to
Acquisition
Gross Amount Carried
at December 31, 2023
   
Property Name
No. of
Bldgs.
LocationEncumbrancesLand
Buildings &
Improvements
Land
Buildings &
Improvements
TotalAccumulated
Depreciation
Year
Acquired
Year
Constructed
7045 NW 46th St1 Miami, FL— 2,517 2,261 210 2,517 2,471 4,988 103 20221986
8050 NW 90th St— Medley, FL— 18,612 2,067 3,497 18,612 5,564 24,176 258 2022N/A
12950 SW South River1 Medley, FL— 1,971 4,029 843 1,971 4,872 6,843 1,089 20162000
Americas Gateway5 Doral, FL— 9,088 9,552 5,326 9,088 14,878 23,966 5,154 20131978/1982
Americas Gateway 51 Doral, FL— 2,064 4,326 390 2,064 4,716 6,780 312 20132022
Countyline #24 & #252 Hialeah, FL— 15,552 27,898 6,636 15,552 34,534 50,086 3,260 20212021 & 2021
Countyline #261 Hialeah, FL— 11,826 24,407 4,958 11,826 29,365 41,191 2,397 20212021
Countyline #27 & #282 Hialeah, FL— 18,595 49,052 9,766 18,595 58,818 77,413 4,436 20212021 & 2021
Countyline #29 & #302 Hialeah, FL— 19,370 52,925 6,455 19,370 59,380 78,750 2,623 20222022
Countyline #411 Hialeah, FL— 14,044 31,261 385 14,044 31,646 45,690 53 20232023
Miami International Trade Center4 Medley, FL— 5,063 10,958 2,791 5,063 13,749 18,812 3,514 20151996
Washington, D.C.
25th Place NE1 Washington, D.C.— 7,845 4,932 — 7,845 4,932 12,777 79 20232023
75th Ave5 Landover, MD— 10,658 18,615 6,391 10,658 25,006 35,664 6,880 20141987/1990
2920 V Street1 Washington, D.C.— 2,248 1,670 1,499 2,248 3,169 5,417 670 20171958
3601 Pennsy1 Landover, MD— 2,331 4,375 1,745 2,331 6,120 8,451 2,005 20131996
4230 Forbes1 Lanham, MD— 1,736 2,395 1,374 1,736 3,769 5,505 1,080 20132003
4501 46th Street— Bladensburg, MD— 9,576 1,984 1,029 9,576 3,012 12,588 143 20211955
Business Parkway1 Lanham, MD— 3,038 3,007 210 3,038 3,217 6,255 629 20162002
Eisenhower3 Alexandria, VA— 36,755 23,768 2,438 36,755 26,206 62,961 1,412 20211974
Hampton Overlook3 Capitol Heights, MD— 4,602 7,521 2,234 4,602 9,755 14,357 2,087 20161989/1990
Pickett1 Alexandria, VA— 6,256 2,850 690 6,256 3,540 9,797 250 20211963
Tuxedo— Hyattsville, MD— 6,867 1,266 1,157 6,867 2,423 9,290 155 20211962
V Street6 Washington, D.C.— 67,132 41,299 19,519 67,132 60,818 127,949 17,251 20151955/1963
Subtotal259 — 1,995,494 1,211,327 350,205 1,995,494 1,561,532 3,557,026 287,541 
Unamortized net premiums
Unamortized net deferred financing costs
Intangible assets147,329 96,939 
Total259 $— $1,995,494 $1,211,327 $350,205 $1,995,494 $1,561,532 $3,704,355 $384,480 
Terreno Realty Corporation
Schedule III
Real Estate Investments and Accumulated Depreciation – (Continued)
As of December 31, 2023
(in thousands)
A summary of activity for real estate and accumulated depreciation for the years ended December 31, 2023 and 2022 is as follows:
 
2023
2022
Investment in Properties
Balance at beginning of year$3,398,774 $2,946,826 
Acquisition of properties512,531422,298 
Disposition of properties(43,854)(65,379)
Construction in progress139,97421,623 
Improvements, net of write-offs40,415 73,406 
Balance at end of year$4,047,840 $3,398,774 
 
2023
2022
Accumulated Depreciation
Balance at beginning of year$323,631 $279,062 
Amortization of lease intangible assets15,008 14,253
Depreciation expense56,765 48,771
Disposition of properties and write-offs(10,924)(18,455)
Balance at end of year$384,480 $323,631