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SCHEDULE III - REAL ESTATE PROPERTIES 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 PROPERTIES AND ACCUMULATED DEPRECIATION
SCHEDULE III—REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2019
(Dollars in thousands)
Initial Cost to CompanyCosts Capitalized Subsequent to
Acquisition		Gross Amount At Which Carried at December 31, 2019Depreciation Life
DescriptionEncumbrancesLandBuildings and ImprovementsLandImprovementsCarrying
Costs		LandBuildings and
Improvements		TotalAccumulated
Depreciation		Date of
Construction		Date
Acquired
Commercial
Yonkers, NY. $1,171  —  $4,000  —  $320  —  —  $4,320  $4,320  $2,086  (c)Aug-200039 years
South Daytona, FL. —  $10,437  —  $49  —  —  $8,021  —  8,021  —  N/AFeb-2008N/A
Multi-Family Residential
North Charleston, SC15,988  2,436  18,970  —  1,328  —  2,436  20,298  22,734  5,236  2010Oct-201230 years
Decatur, GA14,500  1,698  8,676  —  2,065  —  1,698  10,741  12,439  2,816  1954Nov-201230 years
Columbus, OH9,461  1,372  12,678  —  540  —  1,372  13,218  14,590  3,053  1999Nov-201330 years
Houston, TX14,657  2,268  15,811  —  166  —  2,268  15,977  18,245  625  1981Dec-201830 years
Pensacola, FL18,380  2,758  25,192  —  894  —  2,758  26,086  28,844  4,788  2008Dec-201430 years
San Marcos, TX17,114  2,303  17,605  —  9  —  2,303  17,614  19,917  204  2014Oct-201930 years
LaGrange, GA14,646  832  21,969  —  559  —  832  22,528  23,360  3,407  2009Nov-1530 years
Fredericksburg, VA28,123  7,540  33,196  —  581  —  7,540  33,773  41,313  1,879  2005Jul-1830 years
Total$136,308  $31,644  $158,097  $49  $6,462  $—  $29,228  $164,555  $193,783  $24,094  
Notes to the schedule:
(a)Total real estate properties$193,783  
Less: Accumulated depreciation and amortization
(24,094) 
Net real estate properties$169,689  
(b)Amortization of the Company's leasehold interests is over the shorter of estimated useful life or the term of the respective land lease.
(c)Information not readily obtainable.
A reconciliation of real estate properties is as follows:
20192018
Balance at beginning of year$176,942  $122,524  
Additions:
Acquisitions19,907  58,815  
Capital improvements1,580  530  
Capitalized development expenses and carrying costs—  —  
21,487  59,345  
Deductions:
Sales22,824  —  
Depreciation/amortization/paydowns5,916  4,927  
Other dispositions—  —  
28,740  4,927  
Balance at end of year$169,689  $176,942