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Schedule III - Consolidated Real Estate Investments and Accumulated Depreciation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     $ 747,812
Land     280,791
Building and Improvements     657,832
Cost Capitalized Subsequent to Acquisition     819,294
Land     280,791
Building and improvements     1,477,126
Total     1,757,917
Accumulated Depreciation $ 224,738 $ 224,738 253,965
Net Carrying Amount     1,503,952
Amount of real estate for federal income tax purposes     1,288,500
Real estate investments      
Balance at beginning of the year 1,606,324 1,176,586  
Construction costs and improvements 58,039 143,700  
Acquisitions 196,214 314,898  
Dispositions (101,768) (28,117)  
Reclassifications (892) (743)  
Balance at end of the year 1,757,917 1,606,324  
Accumulated Depreciation      
Balance at beginning of the year 224,738 188,775  
Dispositions (14,444) (1,818)  
Reclassifications 0 (58)  
Depreciation 43,671 37,839  
Balance at end of the year $ 253,965 $ 224,738  
Buildings      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Estimated useful lives 39 years    
Capital improvements | Minimum      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Estimated useful lives 5 years    
Capital improvements | Maximum      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Estimated useful lives 20 years    
Equipment | Minimum      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Estimated useful lives 3 years    
Equipment | Maximum      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Estimated useful lives 7 years    
Office      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     200,380
Land     23,038
Building and Improvements     103,160
Cost Capitalized Subsequent to Acquisition     278,097
Land     23,038
Building and improvements     381,257
Total     404,295
Accumulated Depreciation $ 76,944   76,944
Net Carrying Amount     327,351
Accumulated Depreciation      
Balance at end of the year 76,944    
Office | 4525 Main Street      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     31,231
Land     982
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     52,562
Land     982
Building and improvements     52,562
Total     53,544
Accumulated Depreciation 9,994   9,994
Net Carrying Amount     43,550
Accumulated Depreciation      
Balance at end of the year 9,994    
Office | Armada Hoffler Tower      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     1,976
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     61,372
Land     1,976
Building and improvements     61,372
Total     63,348
Accumulated Depreciation 38,057   38,057
Net Carrying Amount     25,291
Accumulated Depreciation      
Balance at end of the year 38,057    
Office | Brooks Crossing Office      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     15,393
Land     295
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     19,546
Land     295
Building and improvements     19,546
Total     19,841
Accumulated Depreciation 1,129   1,129
Net Carrying Amount     18,712
Accumulated Depreciation      
Balance at end of the year 1,129    
Office | One City Center      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     24,712
Land     2,911
Building and Improvements     28,202
Cost Capitalized Subsequent to Acquisition     6,173
Land     2,911
Building and improvements     34,375
Total     37,286
Accumulated Depreciation 1,655   1,655
Net Carrying Amount     35,631
Accumulated Depreciation      
Balance at end of the year 1,655    
Office | One Columbus      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     960
Building and Improvements     10,269
Cost Capitalized Subsequent to Acquisition     12,857
Land     960
Building and improvements     23,126
Total     24,086
Accumulated Depreciation 12,878   12,878
Net Carrying Amount     11,208
Accumulated Depreciation      
Balance at end of the year 12,878    
Office | Thames Street Wharf      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     70,000
Land     15,861
Building and Improvements     64,689
Cost Capitalized Subsequent to Acquisition     233
Land     15,861
Building and improvements     64,922
Total     80,783
Accumulated Depreciation 2,539   2,539
Net Carrying Amount     78,244
Accumulated Depreciation      
Balance at end of the year 2,539    
Office | Two Columbus      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     53
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     21,145
Land     53
Building and improvements     21,145
Total     21,198
Accumulated Depreciation 9,487   9,487
Net Carrying Amount     11,711
Accumulated Depreciation      
Balance at end of the year 9,487    
Office | Wills Wharf      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     59,044
Land     0
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     104,209
Land     0
Building and improvements     104,209
Total     104,209
Accumulated Depreciation 1,205   1,205
Net Carrying Amount     103,004
Accumulated Depreciation      
Balance at end of the year 1,205    
Retail      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     152,946
Land     193,812
Building and Improvements     277,224
Cost Capitalized Subsequent to Acquisition     191,103
Land     193,812
Building and improvements     468,327
Total     662,139
Accumulated Depreciation 102,783   102,783
Net Carrying Amount     559,356
Accumulated Depreciation      
Balance at end of the year 102,783    
Retail | 249 Central Park Retail      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     16,597
Land     712
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     16,526
Land     712
Building and improvements     16,526
Total     17,238
Accumulated Depreciation 8,703   8,703
Net Carrying Amount     8,535
Accumulated Depreciation      
Balance at end of the year 8,703    
Retail | Apex Entertainment      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     67
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     17,827
Land     67
Building and improvements     17,827
Total     17,894
Accumulated Depreciation 5,360   5,360
Net Carrying Amount     12,534
Accumulated Depreciation      
Balance at end of the year 5,360    
Retail | Broad Creek Shopping Center      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     0
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     9,101
Land     0
Building and improvements     9,101
Total     9,101
Accumulated Depreciation 4,593   4,593
Net Carrying Amount     4,508
Accumulated Depreciation      
Balance at end of the year 4,593    
Retail | Broadmoor Plaza      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     2,410
Building and Improvements     9,010
Cost Capitalized Subsequent to Acquisition     1,029
Land     2,410
Building and improvements     10,039
Total     12,449
Accumulated Depreciation 2,356   2,356
Net Carrying Amount     10,093
Accumulated Depreciation      
Balance at end of the year 2,356    
Retail | Brooks Crossing Retail      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     359
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     2,333
Land     359
Building and improvements     2,333
Total     2,692
Accumulated Depreciation 303   303
Net Carrying Amount     2,389
Accumulated Depreciation      
Balance at end of the year 303    
Retail | Columbus Village      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     7,631
Building and Improvements     10,135
Cost Capitalized Subsequent to Acquisition     8,019
Land     7,631
Building and improvements     18,154
Total     25,785
Accumulated Depreciation 3,326   3,326
Net Carrying Amount     22,459
Accumulated Depreciation      
Balance at end of the year 3,326    
Retail | Columbus Village II      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     14,536
Building and Improvements     10,922
Cost Capitalized Subsequent to Acquisition     63
Land     14,536
Building and improvements     10,985
Total     25,521
Accumulated Depreciation 1,788   1,788
Net Carrying Amount     23,733
Accumulated Depreciation      
Balance at end of the year 1,788    
Retail | Commerce Street Retail      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     118
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     3,317
Land     118
Building and improvements     3,317
Total     3,435
Accumulated Depreciation 1,872   1,872
Net Carrying Amount     1,563
Accumulated Depreciation      
Balance at end of the year 1,872    
Retail | Courthouse 7-Eleven      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     1,007
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     1,044
Land     1,007
Building and improvements     1,044
Total     2,051
Accumulated Depreciation 244   244
Net Carrying Amount     1,807
Accumulated Depreciation      
Balance at end of the year 244    
Retail | Dimmock Square      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     5,100
Building and Improvements     13,126
Cost Capitalized Subsequent to Acquisition     392
Land     5,100
Building and improvements     13,518
Total     18,618
Accumulated Depreciation 2,438   2,438
Net Carrying Amount     16,180
Accumulated Depreciation      
Balance at end of the year 2,438    
Retail | Fountain Plaza Retail      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     9,988
Land     425
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     7,406
Land     425
Building and improvements     7,406
Total     7,831
Accumulated Depreciation 3,799   3,799
Net Carrying Amount     4,032
Accumulated Depreciation      
Balance at end of the year 3,799    
Retail | Greentree Shopping Center      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     1,103
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     4,136
Land     1,103
Building and improvements     4,136
Total     5,239
Accumulated Depreciation 1,077   1,077
Net Carrying Amount     4,162
Accumulated Depreciation      
Balance at end of the year 1,077    
Retail | Hanbury Village      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     2,566
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     16,249
Land     2,566
Building and improvements     16,249
Total     18,815
Accumulated Depreciation 7,037   7,037
Net Carrying Amount     11,778
Accumulated Depreciation      
Balance at end of the year 7,037    
Retail | Harrisonburg Regal      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     1,554
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     4,148
Land     1,554
Building and improvements     4,148
Total     5,702
Accumulated Depreciation 2,309   2,309
Net Carrying Amount     3,393
Accumulated Depreciation      
Balance at end of the year 2,309    
Retail | Lexington Square      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     14,440
Land     3,035
Building and Improvements     20,581
Cost Capitalized Subsequent to Acquisition     269
Land     3,035
Building and improvements     20,850
Total     23,885
Accumulated Depreciation 1,658   1,658
Net Carrying Amount     22,227
Accumulated Depreciation      
Balance at end of the year 1,658    
Retail | Market at Mill Creek      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     13,789
Land     2,261
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     20,878
Land     2,261
Building and improvements     20,878
Total     23,139
Accumulated Depreciation 1,156   1,156
Net Carrying Amount     21,983
Accumulated Depreciation      
Balance at end of the year 1,156    
Retail | Marketplace at Hilltop      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     10,120
Land     2,023
Building and Improvements     19,886
Cost Capitalized Subsequent to Acquisition     50
Land     2,023
Building and improvements     19,936
Total     21,959
Accumulated Depreciation 955   955
Net Carrying Amount     21,004
Accumulated Depreciation      
Balance at end of the year 955    
Retail | Nexton Square      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     22,909
Land     9,086
Building and Improvements     27,760
Cost Capitalized Subsequent to Acquisition     807
Land     9,086
Building and improvements     28,567
Total     37,653
Accumulated Depreciation 337   337
Net Carrying Amount     37,316
Accumulated Depreciation      
Balance at end of the year 337    
Retail | North Hampton Market      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     7,250
Building and Improvements     10,210
Cost Capitalized Subsequent to Acquisition     687
Land     7,250
Building and improvements     10,897
Total     18,147
Accumulated Depreciation 2,175   2,175
Net Carrying Amount     15,972
Accumulated Depreciation      
Balance at end of the year 2,175    
Retail | North Point Center      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     2,094
Land     1,936
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     25,733
Land     1,936
Building and improvements     25,733
Total     27,669
Accumulated Depreciation 15,053   15,053
Net Carrying Amount     12,616
Accumulated Depreciation      
Balance at end of the year 15,053    
Retail | Oakland Marketplace      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     1,850
Building and Improvements     3,370
Cost Capitalized Subsequent to Acquisition     692
Land     1,850
Building and improvements     4,062
Total     5,912
Accumulated Depreciation 1,124   1,124
Net Carrying Amount     4,788
Accumulated Depreciation      
Balance at end of the year 1,124    
Retail | Parkway Centre      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     1,372
Building and Improvements     7,864
Cost Capitalized Subsequent to Acquisition     114
Land     1,372
Building and improvements     7,978
Total     9,350
Accumulated Depreciation 717   717
Net Carrying Amount     8,633
Accumulated Depreciation      
Balance at end of the year 717    
Retail | Parkway Marketplace      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     1,150
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     3,841
Land     1,150
Building and improvements     3,841
Total     4,991
Accumulated Depreciation 2,133   2,133
Net Carrying Amount     2,858
Accumulated Depreciation      
Balance at end of the year 2,133    
Retail | Patterson Place      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     15,059
Building and Improvements     20,180
Cost Capitalized Subsequent to Acquisition     726
Land     15,059
Building and improvements     20,906
Total     35,965
Accumulated Depreciation 3,235   3,235
Net Carrying Amount     32,730
Accumulated Depreciation      
Balance at end of the year 3,235    
Retail | Perry Hall Marketplace      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     3,240
Building and Improvements     8,316
Cost Capitalized Subsequent to Acquisition     459
Land     3,240
Building and improvements     8,775
Total     12,015
Accumulated Depreciation 1,901   1,901
Net Carrying Amount     10,114
Accumulated Depreciation      
Balance at end of the year 1,901    
Retail | Southgate Square      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     8,241
Land     318
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     15,069
Land     318
Building and improvements     15,069
Total     15,387
Accumulated Depreciation 979   979
Net Carrying Amount     14,408
Accumulated Depreciation      
Balance at end of the year 979    
Retail | Providence Plaza      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     9,950
Building and Improvements     12,369
Cost Capitalized Subsequent to Acquisition     1,580
Land     9,950
Building and improvements     13,949
Total     23,899
Accumulated Depreciation 2,460   2,460
Net Carrying Amount     21,439
Accumulated Depreciation      
Balance at end of the year 2,460    
Retail | Red Mill Commons      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     23,341
Land     44,252
Building and Improvements     30,348
Cost Capitalized Subsequent to Acquisition     778
Land     44,252
Building and improvements     31,126
Total     75,378
Accumulated Depreciation 2,623   2,623
Net Carrying Amount     72,755
Accumulated Depreciation      
Balance at end of the year 2,623    
Retail | Sandbridge Commons      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     4,825
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     7,365
Land     4,825
Building and improvements     7,365
Total     12,190
Accumulated Depreciation 1,833   1,833
Net Carrying Amount     10,357
Accumulated Depreciation      
Balance at end of the year 1,833    
Retail | Socastee Commons      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     4,458
Land     2,320
Building and Improvements     5,380
Cost Capitalized Subsequent to Acquisition     149
Land     2,320
Building and improvements     5,529
Total     7,849
Accumulated Depreciation 1,147   1,147
Net Carrying Amount     6,702
Accumulated Depreciation      
Balance at end of the year 1,147    
Retail | South Retail      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     7,287
Land     190
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     8,165
Land     190
Building and improvements     8,165
Total     8,355
Accumulated Depreciation 4,809   4,809
Net Carrying Amount     3,546
Accumulated Depreciation      
Balance at end of the year 4,809    
Retail | South Square      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     14,130
Building and Improvements     12,670
Cost Capitalized Subsequent to Acquisition     930
Land     14,130
Building and improvements     13,600
Total     27,730
Accumulated Depreciation 2,390   2,390
Net Carrying Amount     25,340
Accumulated Depreciation      
Balance at end of the year 2,390    
Retail | Southgate Square      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     19,682
Land     10,238
Building and Improvements     25,950
Cost Capitalized Subsequent to Acquisition     4,700
Land     10,238
Building and improvements     30,650
Total     40,888
Accumulated Depreciation 4,336   4,336
Net Carrying Amount     36,552
Accumulated Depreciation      
Balance at end of the year 4,336    
Retail | Southshore Shops      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     1,770
Building and Improvements     6,509
Cost Capitalized Subsequent to Acquisition     208
Land     1,770
Building and improvements     6,717
Total     8,487
Accumulated Depreciation 937   937
Net Carrying Amount     7,550
Accumulated Depreciation      
Balance at end of the year 937    
Retail | Studio 56 Retail      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     76
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     2,532
Land     76
Building and improvements     2,532
Total     2,608
Accumulated Depreciation 1,083   1,083
Net Carrying Amount     1,525
Accumulated Depreciation      
Balance at end of the year 1,083    
Retail | Tyre Neck Harris Teeter      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     0
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     3,306
Land     0
Building and improvements     3,306
Total     3,306
Accumulated Depreciation 1,422   1,422
Net Carrying Amount     1,884
Accumulated Depreciation      
Balance at end of the year 1,422    
Retail | Wendover Village      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     19,893
Building and Improvements     22,638
Cost Capitalized Subsequent to Acquisition     475
Land     19,893
Building and improvements     23,113
Total     43,006
Accumulated Depreciation 3,115   3,115
Net Carrying Amount     39,891
Accumulated Depreciation      
Balance at end of the year 3,115    
Multifamily      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     394,486
Land     50,334
Building and Improvements     277,448
Cost Capitalized Subsequent to Acquisition     350,094
Land     50,334
Building and improvements     627,542
Total     677,876
Accumulated Depreciation 74,238   74,238
Net Carrying Amount     603,638
Accumulated Depreciation      
Balance at end of the year 74,238    
Multifamily | 1405 Point      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     53,000
Land     0
Building and Improvements     95,466
Cost Capitalized Subsequent to Acquisition     2,775
Land     0
Building and improvements     98,241
Total     98,241
Accumulated Depreciation 5,261   5,261
Net Carrying Amount     92,980
Accumulated Depreciation      
Balance at end of the year 5,261    
Multifamily | Edison Apartments      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     16,272
Land     3,428
Building and Improvements     18,582
Cost Capitalized Subsequent to Acquisition     383
Land     3,428
Building and improvements     18,965
Total     22,393
Accumulated Depreciation 128   128
Net Carrying Amount     22,265
Accumulated Depreciation      
Balance at end of the year 128    
Multifamily | Encore Apartments      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     24,337
Land     1,293
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     30,548
Land     1,293
Building and improvements     30,548
Total     31,841
Accumulated Depreciation 6,083   6,083
Net Carrying Amount     25,758
Accumulated Depreciation      
Balance at end of the year 6,083    
Multifamily | Greenside Apartments      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     33,310
Land     5,711
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     45,216
Land     5,711
Building and improvements     45,216
Total     50,927
Accumulated Depreciation 3,327   3,327
Net Carrying Amount     47,600
Accumulated Depreciation      
Balance at end of the year 3,327    
Multifamily | Hoffler Place      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     18,400
Land     7,401
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     40,197
Land     7,401
Building and improvements     40,197
Total     47,598
Accumulated Depreciation 1,668   1,668
Net Carrying Amount     45,930
Accumulated Depreciation      
Balance at end of the year 1,668    
Multifamily | Johns Hopkins Village      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     50,859
Land     0
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     70,117
Land     0
Building and improvements     70,117
Total     70,117
Accumulated Depreciation 10,071   10,071
Net Carrying Amount     60,046
Accumulated Depreciation      
Balance at end of the year 10,071    
Multifamily | Liberty Apartments      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     13,877
Land     3,580
Building and Improvements     23,494
Cost Capitalized Subsequent to Acquisition     2,084
Land     3,580
Building and improvements     25,578
Total     29,158
Accumulated Depreciation 5,951   5,951
Net Carrying Amount     23,207
Accumulated Depreciation      
Balance at end of the year 5,951    
Multifamily | Premier Apartments      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     16,716
Land     647
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     29,169
Land     647
Building and improvements     29,169
Total     29,816
Accumulated Depreciation 2,060   2,060
Net Carrying Amount     27,756
Accumulated Depreciation      
Balance at end of the year 2,060    
Multifamily | Smith’s Landing      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     17,331
Land     0
Building and Improvements     35,105
Cost Capitalized Subsequent to Acquisition     2,588
Land     0
Building and improvements     37,693
Total     37,693
Accumulated Depreciation 9,164   9,164
Net Carrying Amount     28,529
Accumulated Depreciation      
Balance at end of the year 9,164    
Multifamily | Solis Gainesville      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     5,200
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     6,208
Land     5,200
Building and improvements     6,208
Total     11,408
Accumulated Depreciation 0   0
Net Carrying Amount     11,408
Accumulated Depreciation      
Balance at end of the year 0    
Multifamily | Summit Place      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     23,100
Land     7,315
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     48,567
Land     7,315
Building and improvements     48,567
Total     55,882
Accumulated Depreciation 576   576
Net Carrying Amount     55,306
Accumulated Depreciation      
Balance at end of the year 576    
Multifamily | The Cosmopolitan      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     42,909
Land     985
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     72,208
Land     985
Building and improvements     72,208
Total     73,193
Accumulated Depreciation 29,199   29,199
Net Carrying Amount     43,994
Accumulated Depreciation      
Balance at end of the year 29,199    
Multifamily | The Residences at Annapolis Junction      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     84,375
Land     14,774
Building and Improvements     104,801
Cost Capitalized Subsequent to Acquisition     34
Land     14,774
Building and improvements     104,835
Total     119,609
Accumulated Depreciation 750   750
Net Carrying Amount     118,859
Accumulated Depreciation      
Balance at end of the year 750    
Held for development      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     13,607
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     0
Land     13,607
Building and improvements     0
Total     13,607
Accumulated Depreciation 0   0
Net Carrying Amount     $ 13,607
Accumulated Depreciation      
Balance at end of the year $ 0