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SCHEDULE III - REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
 12 Months Ended
Dec. 31, 2022
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, 2022
(Dollars in thousands)
Initial Cost to CompanyCosts Capitalized Subsequent to
Acquisition		Gross Amount At Which Carried at December 31, 2022Depreciation Life
DescriptionEncumbrancesLandBuildings and ImprovementsLandImprovementsCarrying
Costs		LandBuildings and
Improvements		Total (a)Accumulated
Depreciation 		Date of
Construction		Date
Acquired
Commercial
Yonkers, NY.$— — $4,000 — $320 — — $4,320 $4,320 $2,419 (b)Aug-200039 years
Multi-Family Residential
North Charleston, SC— 2,435 18,970 — 1,658 — 2,435 20,628 23,063 7,473 2010Oct-201230 years
Decatur, GA— 1,698 8,676 — 2,425 — 1,698 11,101 12,799 4,198 1954Nov-201230 years
Columbus, OH8,733 1,372 12,678 — 827 — 1,372 13,505 14,877 4,476 1999Nov-201330 years
Pensacola, FL— 2,758 25,192 — 1,686 — 2,758 26,878 29,636 7,625 2008Dec-201430 years
San Marcos, TX16,262 2,303 17,605 — 170 — 2,303 17,775 20,078 2,472 2014Oct-201930 years
LaGrange, GA— 832 21,969 — 924 — 832 22,893 23,725 5,844 2009Nov-201530 years
Fredericksburg, VA26,184 7,540 33,196 — 1,135 — 7,540 34,331 41,871 6,211 2005Jul-201830 years
Nashville, TN52,000 6,172 77,532 — 695 — 6,172 78,227 84,399 4,067 2017Sept -202130 years
Greenville, SC26,425 4,033 34,052 — 484 — 4,033 34,536 38,569 1,653 1998Oct-202130 years
Nashville, TN37,680 9,679 29,114 — 1,462 — 9,679 30,576 40,255 1,255 1985Dec-202130 years
San Antonio, TX27,000 3,336 33,437 — 18 — 3,336 33,455 36,791 1,053 2018March-202230 years
Creve Coeur, MO29,700 5,466 30,826 — 118 — 5,466 30,944 36,410 915 2019April-202230 years
Tallahassee, FL21,436 3,398 27,167 — 171 — 3,398 27,338 30,736 732 1997May-202230 years
Huntsville, AL18,952 1,959 20,079 — 404 — 1,959 20,483 22,442 487 1992May-202230 years
Boerne, TX7,842 1,289 12,852 — 174 — 1,289 13,026 14,315 301 2008May-202230 years
Macon, GA10,265 2,866 16,423 — 65 — 2,866 16,488 19,354 322 1989June-202230 years
Southaven, MS27,194 3,646 45,554 — 477 — 3,646 46,031 49,677 930 2003July-202230 years
Southaven, MS29,875 3,847 46,452 — 584 — 3,847 47,036 50,883 956 2006July-202230 years
Wilmington, NC23,160 3,468 37,311 — 222 — 3,468 37,533 41,001 759 2003July-202230 years
Trussville, AL32,250 4,095 42,943 — 242 — 4,095 43,185 47,280 683 2007July-202230 years
Madison, AL15,000 2,054 22,023 — 240 — 2,054 22,263 24,317 364 1992Aug-202230 years
Total$409,958 $74,246 $618,051 $— $14,501 $— $74,246 $632,552 $706,798 $55,195 
Notes to the schedule:
(a)Total real estate properties$706,798 
Less: Accumulated depreciation
(55,195)
Net real estate properties$651,603 
(b)Information not readily obtainable.

A reconciliation of real estate properties is as follows:
20222021
Balance at beginning of year$297,929 $160,192 
Additions:
Acquisitions370,513 160,583 
Capital improvements6,295 1,308 
Capitalized development expenses and carrying costs— — 
376,808 161,891 
Deductions:
Sales4,379 16,927 
Depreciation18,755 7,227 
Impairment Charge— — 
Reconciliation of partnership interest— — 
23,134 24,154 
Balance at end of year$651,603 $297,929