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SCHEDULE III - REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
 12 Months Ended
Dec. 31, 2024
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, 2024    
(Dollars in thousands)
Initial Cost to CompanyCosts Capitalized Subsequent to AcquisitionGross Amount At Which Carried at December 31, 2024Depreciation Life
DescriptionEncumbrancesLandBuildings and ImprovementsLandImprovementsLandBuildings and
Improvements		Total (a)Accumulated
Depreciation 		Date of
Construction		Date
Acquired
Commercial
Yonkers, NY.$— — $4,033 — $287 — $4,320 $4,320 $2,640 (b)Aug-200039 years
Multi-Family Residential
North Charleston, SC21,173 2,435 18,970 — 2,025 2,435 20,994 23,429 9,044 2010Oct-201230 years
Decatur, GA— 1,698 8,676 — 3,251 1,698 11,927 13,625 5,175 1954Nov-201230 years
Columbus, OH8,202 1,372 12,678 — 960 1,372 13,638 15,010 5,454 1999Nov-201330 years
Pensacola, FL— 2,758 25,192 — 2,387 2,758 27,579 30,337 9,639 2008Dec-201430 years
San Marcos, TX15,628 2,303 17,309 — 933 2,303 18,242 20,545 3,958 2014Oct-201930 years
LaGrange, GA27,375 832 21,969 — 1240 832 23,209 24,041 7,517 2009Nov-201530 years
Fredericksburg, VA24,764 7,540 32,316 — 2,865 7,540 35,181 42,721 8,825 2005Jul-201830 years
Nashville, TN52,000 6,172 77,532 — 1,289 6,172 78,821 84,993 10,296 2017Sept -202130 years
Greenville, SC25,999 4,033 34,064 — 1,143 4,033 35,207 39,240 4,429 1998Oct-202130 years
Nashville, TN37,680 9,679 29,114 — 2,983 9,679 32,097 41,776 3,887 1985Dec-202130 years
San Antonio, TX26,920 3,336 33,437 — 522 3,336 33,959 37,295 3,902 2018March-202230 years
Creve Coeur, MO29,700 5,466 30,796 — 462 5,466 31,258 36,724 3,392 2019April-202230 years
Tallahassee, FL20,708 3,398 27,167 — 736 3,398 27,903 31,301 3,004 1997May-202230 years
Huntsville, AL18,952 1,959 20,079 — 1,391 1,959 21,470 23,429 2,232 1992May-202230 years
Boerne, TX7,576 1,289 12,984 — 493 1,289 13,477 14,766 1,337 2008May-202230 years
Macon, GA9,816 2,866 16,423 — 218 2,866 16,641 19,507 1,638 1989June-202230 years
Southaven, MS26,191 3,646 45,535 — 2,002 3,646 47,536 51,182 4,837 2003July-202230 years
Southaven, MS28,707 3,847 46,433 — 2,075 3,847 48,508 52,355 4,992 2006July-202230 years
Wilmington, NC23,160 3,468 37,311 — 1,597 3,468 38,908 42,376 3,955 2003July-202230 years
Trussville, AL32,250 4,095 42,943 — 1,109 4,095 44,052 48,147 4,063 2007July-202230 years
Madison, AL14,508 2,054 22,018 — 1,149 2,054 23,167 25,221 2,209 1992Aug-202230 years
Total$451,309 $74,246 $616,979 $— $31,117 $74,246 $648,094 $722,340 $106,425 
Notes to the schedule:
(a)Total real estate properties$722,340 
Less: Accumulated depreciation
(106,425)
Net real estate properties$615,915 
(b)Information not readily obtainable.

A reconciliation of real estate properties is as follows:
20242023
Balance at beginning of year$635,836 $651,603 
Additions:
Acquisitions— — 
Capital improvements6,152 9,643 
Capitalized development expenses and carrying costs— — 
6,152 9,643 
Deductions:
Sales147 106 
Depreciation25,926 25,304 
26,073 25,410 
Balance at end of year$615,915 $635,836