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Schedule III - Consolidated Real Estate Investments and Accumulated Depreciation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances $ 639,204  
Land 296,113  
Building and Improvements 1,001,551  
Cost Capitalized Subsequent to Acquisition 909,623  
Land 296,113  
Building and improvements 1,911,174  
Total 2,207,287  
Accumulated Depreciation 393,169 $ 329,963
Net Carrying Amount 1,814,118  
Amount of real estate for federal income tax purposes 1,579,100  
Real estate investments    
Balance at beginning of the year 1,943,575 1,737,438
Construction costs and improvements 80,089 93,467
Acquisitions 183,982 242,423
Dispositions (260) (129,342)
Reclassifications (99) (411)
Balance at end of the year 2,207,287 1,943,575
Accumulated Depreciation    
Balance at beginning of the year 329,963 285,814
Dispositions (260) (10,396)
Reclassifications 0 0
Depreciation 63,466 54,545
Balance at end of the year $ 393,169 $ 329,963
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  
Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances $ 109,979  
Land 210,516  
Building and Improvements 412,290  
Cost Capitalized Subsequent to Acquisition 216,955  
Land 210,516  
Building and improvements 629,245  
Total 839,761  
Accumulated Depreciation 160,674  
Net Carrying Amount 679,087  
Accumulated Depreciation    
Balance at end of the year 160,674  
Retail | 249 Central Park Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 713  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 17,464  
Land 713  
Building and improvements 17,464  
Total 18,177  
Accumulated Depreciation 10,694  
Net Carrying Amount 7,483  
Accumulated Depreciation    
Balance at end of the year 10,694  
Retail | Apex Entertainment    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 67  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 17,920  
Land 67  
Building and improvements 17,920  
Total 17,987  
Accumulated Depreciation 8,432  
Net Carrying Amount 9,555  
Accumulated Depreciation    
Balance at end of the year 8,432  
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 9,763  
Land 0  
Building and improvements 9,763  
Total 9,763  
Accumulated Depreciation 5,486  
Net Carrying Amount 4,277  
Accumulated Depreciation    
Balance at end of the year 5,486  
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 1,607  
Land 2,410  
Building and improvements 10,617  
Total 13,027  
Accumulated Depreciation 3,827  
Net Carrying Amount 9,200  
Accumulated Depreciation    
Balance at end of the year 3,827  
Retail | Brooks Crossing Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 117  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 2,512  
Land 117  
Building and improvements 2,512  
Total 2,629  
Accumulated Depreciation 537  
Net Carrying Amount 2,092  
Accumulated Depreciation    
Balance at end of the year 537  
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 8,536  
Land 7,631  
Building and improvements 18,671  
Total 26,302  
Accumulated Depreciation 6,057  
Net Carrying Amount 20,245  
Accumulated Depreciation    
Balance at end of the year 6,057  
Retail | Columbus Village II    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 8,853  
Building and Improvements 10,922  
Cost Capitalized Subsequent to Acquisition 153  
Land 8,853  
Building and improvements 11,075  
Total 19,928  
Accumulated Depreciation 6,035  
Net Carrying Amount 13,893  
Accumulated Depreciation    
Balance at end of the year 6,035  
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 3,357  
Land 118  
Building and improvements 3,357  
Total 3,475  
Accumulated Depreciation 2,185  
Net Carrying Amount 1,290  
Accumulated Depreciation    
Balance at end of the year 2,185  
Retail | Delray Beach Plaza    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 0  
Building and Improvements 27,151  
Cost Capitalized Subsequent to Acquisition 486  
Land 0  
Building and improvements 27,637  
Total 27,637  
Accumulated Depreciation 2,720  
Net Carrying Amount 24,917  
Accumulated Depreciation    
Balance at end of the year 2,720  
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 1,210  
Land 5,100  
Building and improvements 14,336  
Total 19,436  
Accumulated Depreciation 3,777  
Net Carrying Amount 15,659  
Accumulated Depreciation    
Balance at end of the year 3,777  
Retail | Fountain Plaza Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 425  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 8,543  
Land 425  
Building and improvements 8,543  
Total 8,968  
Accumulated Depreciation 4,547  
Net Carrying Amount 4,421  
Accumulated Depreciation    
Balance at end of the year 4,547  
Retail | Greenbrier Square    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 19,569  
Land 8,549  
Building and Improvements 21,170  
Cost Capitalized Subsequent to Acquisition 605  
Land 8,549  
Building and improvements 21,775  
Total 30,324  
Accumulated Depreciation 1,679  
Net Carrying Amount 28,645  
Accumulated Depreciation    
Balance at end of the year 1,679  
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 4,197  
Land 1,103  
Building and improvements 4,197  
Total 5,300  
Accumulated Depreciation 1,661  
Net Carrying Amount 3,639  
Accumulated Depreciation    
Balance at end of the year 1,661  
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 16,655  
Land 2,566  
Building and improvements 16,655  
Total 19,221  
Accumulated Depreciation 8,553  
Net Carrying Amount 10,668  
Accumulated Depreciation    
Balance at end of the year 8,553  
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 2,628  
Net Carrying Amount 3,074  
Accumulated Depreciation    
Balance at end of the year 2,628  
Retail | Lexington Square    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 13,599  
Land 3,035  
Building and Improvements 20,581  
Cost Capitalized Subsequent to Acquisition 341  
Land 3,035  
Building and improvements 20,922  
Total 23,957  
Accumulated Depreciation 3,956  
Net Carrying Amount 20,001  
Accumulated Depreciation    
Balance at end of the year 3,956  
Retail | Market at Mill Creek    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 11,347  
Land 2,042  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 21,167  
Land 2,042  
Building and improvements 21,167  
Total 23,209  
Accumulated Depreciation 3,484  
Net Carrying Amount 19,725  
Accumulated Depreciation    
Balance at end of the year 3,484  
Retail | Marketplace at Hilltop    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 2,023  
Building and Improvements 19,886  
Cost Capitalized Subsequent to Acquisition 1,388  
Land 2,023  
Building and improvements 21,274  
Total 23,297  
Accumulated Depreciation 2,752  
Net Carrying Amount 20,545  
Accumulated Depreciation    
Balance at end of the year 2,752  
Retail | Nexton Square    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 21,581  
Land 9,086  
Building and Improvements 27,760  
Cost Capitalized Subsequent to Acquisition 6,304  
Land 9,086  
Building and improvements 34,064  
Total 43,150  
Accumulated Depreciation 3,880  
Net Carrying Amount 39,270  
Accumulated Depreciation    
Balance at end of the year 3,880  
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 1,017  
Land 7,250  
Building and improvements 11,227  
Total 18,477  
Accumulated Depreciation 3,415  
Net Carrying Amount 15,062  
Accumulated Depreciation    
Balance at end of the year 3,415  
Retail | North Pointe Center    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 1,276  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 23,292  
Land 1,276  
Building and improvements 23,292  
Total 24,568  
Accumulated Depreciation 12,513  
Net Carrying Amount 12,055  
Accumulated Depreciation    
Balance at end of the year 12,513  
Retail | Overlook Village    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 6,328  
Building and Improvements 20,101  
Cost Capitalized Subsequent to Acquisition 701  
Land 6,328  
Building and improvements 20,802  
Total 27,130  
Accumulated Depreciation 1,764  
Net Carrying Amount 25,366  
Accumulated Depreciation    
Balance at end of the year 1,764  
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 184  
Land 1,372  
Building and improvements 8,048  
Total 9,420  
Accumulated Depreciation 1,467  
Net Carrying Amount 7,953  
Accumulated Depreciation    
Balance at end of the year 1,467  
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 4,175  
Land 1,150  
Building and improvements 4,175  
Total 5,325  
Accumulated Depreciation 2,534  
Net Carrying Amount 2,791  
Accumulated Depreciation    
Balance at end of the year 2,534  
Retail | Patterson Place    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 15,060  
Building and Improvements 20,180  
Cost Capitalized Subsequent to Acquisition 1,447  
Land 15,060  
Building and improvements 21,627  
Total 36,687  
Accumulated Depreciation 5,162  
Net Carrying Amount 31,525  
Accumulated Depreciation    
Balance at end of the year 5,162  
Retail | Pembroke Square    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 14,513  
Building and Improvements 9,290  
Cost Capitalized Subsequent to Acquisition 446  
Land 14,513  
Building and improvements 9,736  
Total 24,249  
Accumulated Depreciation 799  
Net Carrying Amount 23,450  
Accumulated Depreciation    
Balance at end of the year 799  
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 667  
Land 3,240  
Building and improvements 8,983  
Total 12,223  
Accumulated Depreciation 2,991  
Net Carrying Amount 9,232  
Accumulated Depreciation    
Balance at end of the year 2,991  
Retail | Premier Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 7,898  
Land 318  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 15,496  
Land 318  
Building and improvements 15,496  
Total 15,814  
Accumulated Depreciation 2,756  
Net Carrying Amount 13,058  
Accumulated Depreciation    
Balance at end of the year 2,756  
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 2,530  
Land 9,950  
Building and improvements 14,899  
Total 24,849  
Accumulated Depreciation 4,225  
Net Carrying Amount 20,624  
Accumulated Depreciation    
Balance at end of the year 4,225  
Retail | Red Mill Commons    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 10,654  
Land 44,252  
Building and Improvements 30,348  
Cost Capitalized Subsequent to Acquisition 6,375  
Land 44,252  
Building and improvements 36,723  
Total 80,975  
Accumulated Depreciation 8,532  
Net Carrying Amount 72,443  
Accumulated Depreciation    
Balance at end of the year 8,532  
Retail | Sandbridge Commons    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 4,118  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 7,509  
Land 4,118  
Building and improvements 7,509  
Total 11,627  
Accumulated Depreciation 2,861  
Net Carrying Amount 8,766  
Accumulated Depreciation    
Balance at end of the year 2,861  
Retail | South Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 190  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 8,316  
Land 190  
Building and improvements 8,316  
Total 8,506  
Accumulated Depreciation 5,637  
Net Carrying Amount 2,869  
Accumulated Depreciation    
Balance at end of the year 5,637  
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 1,296  
Land 14,130  
Building and improvements 13,966  
Total 28,096  
Accumulated Depreciation 3,762  
Net Carrying Amount 24,334  
Accumulated Depreciation    
Balance at end of the year 3,762  
Retail | Southgate Square    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 25,331  
Land 10,238  
Building and Improvements 25,950  
Cost Capitalized Subsequent to Acquisition 7,076  
Land 10,238  
Building and improvements 33,026  
Total 43,264  
Accumulated Depreciation 7,949  
Net Carrying Amount 35,315  
Accumulated Depreciation    
Balance at end of the year 7,949  
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 726  
Land 1,770  
Building and improvements 7,235  
Total 9,005  
Accumulated Depreciation 1,704  
Net Carrying Amount 7,301  
Accumulated Depreciation    
Balance at end of the year 1,704  
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 3,806  
Land 76  
Building and improvements 3,806  
Total 3,882  
Accumulated Depreciation 1,375  
Net Carrying Amount 2,507  
Accumulated Depreciation    
Balance at end of the year 1,375  
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 1,920  
Net Carrying Amount 1,386  
Accumulated Depreciation    
Balance at end of the year 1,920  
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 1,393  
Land 19,893  
Building and improvements 24,031  
Total 43,924  
Accumulated Depreciation 5,256  
Net Carrying Amount 38,668  
Accumulated Depreciation    
Balance at end of the year 5,256  
Retail | The Interlock Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 0  
Building and Improvements 66,104  
Cost Capitalized Subsequent to Acquisition 841  
Land 0  
Building and improvements 66,945  
Total 66,945  
Accumulated Depreciation 1,162  
Net Carrying Amount 65,783  
Accumulated Depreciation    
Balance at end of the year 1,162  
Office    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 272,968  
Land 44,190  
Building and Improvements 397,967  
Cost Capitalized Subsequent to Acquisition 302,128  
Land 44,190  
Building and improvements 700,095  
Total 744,285  
Accumulated Depreciation 128,423  
Net Carrying Amount 615,862  
Accumulated Depreciation    
Balance at end of the year 128,423  
Office | 4525 Main Street    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 30,074  
Land 982  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 47,170  
Land 982  
Building and improvements 47,170  
Total 48,152  
Accumulated Depreciation 15,795  
Net Carrying Amount 32,357  
Accumulated Depreciation    
Balance at end of the year 15,795  
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 72,567  
Land 1,976  
Building and improvements 72,567  
Total 74,543  
Accumulated Depreciation 45,789  
Net Carrying Amount 28,754  
Accumulated Depreciation    
Balance at end of the year 45,789  
Office | Brooks Crossing Office    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 295  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 19,497  
Land 295  
Building and improvements 19,497  
Total 19,792  
Accumulated Depreciation 3,123  
Net Carrying Amount 16,669  
Accumulated Depreciation    
Balance at end of the year 3,123  
Office | Constellation Office    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 175,000  
Land 21,152  
Building and Improvements 176,943  
Cost Capitalized Subsequent to Acquisition 1,910  
Land 21,152  
Building and improvements 178,853  
Total 200,005  
Accumulated Depreciation 9,279  
Net Carrying Amount 190,726  
Accumulated Depreciation    
Balance at end of the year 9,279  
Office | One City Center    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 2,911  
Building and Improvements 28,202  
Cost Capitalized Subsequent to Acquisition 6,463  
Land 2,911  
Building and improvements 34,665  
Total 37,576  
Accumulated Depreciation 5,058  
Net Carrying Amount 32,518  
Accumulated Depreciation    
Balance at end of the year 5,058  
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 16,244  
Land 960  
Building and improvements 26,513  
Total 27,473  
Accumulated Depreciation 16,063  
Net Carrying Amount 11,410  
Accumulated Depreciation    
Balance at end of the year 16,063  
Office | Thames Street Wharf    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 67,894  
Land 15,861  
Building and Improvements 64,689  
Cost Capitalized Subsequent to Acquisition 2,152  
Land 15,861  
Building and improvements 66,841  
Total 82,702  
Accumulated Depreciation 7,708  
Net Carrying Amount 74,994  
Accumulated Depreciation    
Balance at end of the year 7,708  
Office | Two Columbus    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 53  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 22,167  
Land 53  
Building and improvements 22,167  
Total 22,220  
Accumulated Depreciation 11,693  
Net Carrying Amount 10,527  
Accumulated Depreciation    
Balance at end of the year 11,693  
Office | Wills Wharf    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 0  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 113,200  
Land 0  
Building and improvements 113,200  
Total 113,200  
Accumulated Depreciation 11,893  
Net Carrying Amount 101,307  
Accumulated Depreciation    
Balance at end of the year 11,893  
Office | The Interlock Office    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 0  
Building and Improvements 117,864  
Cost Capitalized Subsequent to Acquisition 758  
Land 0  
Building and improvements 118,622  
Total 118,622  
Accumulated Depreciation 2,022  
Net Carrying Amount 116,600  
Accumulated Depreciation    
Balance at end of the year 2,022  
Multifamily    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 256,257  
Land 29,429  
Building and Improvements 191,294  
Cost Capitalized Subsequent to Acquisition 390,540  
Land 29,429  
Building and improvements 581,834  
Total 611,263  
Accumulated Depreciation 104,072  
Net Carrying Amount 507,191  
Accumulated Depreciation    
Balance at end of the year 104,072  
Multifamily | 1305 Dock Street    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 2,165  
Building and Improvements 18,114  
Cost Capitalized Subsequent to Acquisition 313  
Land 2,165  
Building and improvements 18,427  
Total 20,592  
Accumulated Depreciation 965  
Net Carrying Amount 19,627  
Accumulated Depreciation    
Balance at end of the year 965  
Multifamily | 1405 Point    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 0  
Building and Improvements 95,466  
Cost Capitalized Subsequent to Acquisition 4,258  
Land 0  
Building and improvements 99,724  
Total 99,724  
Accumulated Depreciation 15,090  
Net Carrying Amount 84,634  
Accumulated Depreciation    
Balance at end of the year 15,090  
Multifamily | Chronicle Mill    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 34,438  
Land 1,788  
Building and Improvements 533  
Cost Capitalized Subsequent to Acquisition 57,523  
Land 1,788  
Building and improvements 58,056  
Total 59,844  
Accumulated Depreciation 2,301  
Net Carrying Amount 57,543  
Accumulated Depreciation    
Balance at end of the year 2,301  
Multifamily | The Edison    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 15,179  
Land 3,428  
Building and Improvements 18,582  
Cost Capitalized Subsequent to Acquisition 1,592  
Land 3,428  
Building and improvements 20,174  
Total 23,602  
Accumulated Depreciation 2,819  
Net Carrying Amount 20,783  
Accumulated Depreciation    
Balance at end of the year 2,819  
Multifamily | Encore Apartments    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 23,421  
Land 1,293  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 31,913  
Land 1,293  
Building and improvements 31,913  
Total 33,206  
Accumulated Depreciation 9,002  
Net Carrying Amount 24,204  
Accumulated Depreciation    
Balance at end of the year 9,002  
Multifamily | The Everly    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 30,000  
Land 4,832  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 45,386  
Land 4,832  
Building and improvements 45,386  
Total 50,218  
Accumulated Depreciation 2,299  
Net Carrying Amount 47,919  
Accumulated Depreciation    
Balance at end of the year 2,299  
Multifamily | Greenside Apartments    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 31,104  
Land 5,711  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 45,735  
Land 5,711  
Building and improvements 45,735  
Total 51,446  
Accumulated Depreciation 7,934  
Net Carrying Amount 43,512  
Accumulated Depreciation    
Balance at end of the year 7,934  
Multifamily | Liberty Apartments    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 20,588  
Land 3,580  
Building and Improvements 23,494  
Cost Capitalized Subsequent to Acquisition 2,768  
Land 3,580  
Building and improvements 26,262  
Total 29,842  
Accumulated Depreciation 8,503  
Net Carrying Amount 21,339  
Accumulated Depreciation    
Balance at end of the year 8,503  
Multifamily | Premier Apartments    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 16,036  
Land 647  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 29,371  
Land 647  
Building and improvements 29,371  
Total 30,018  
Accumulated Depreciation 4,772  
Net Carrying Amount 25,246  
Accumulated Depreciation    
Balance at end of the year 4,772  
Multifamily | Smith’s Landing    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 14,578  
Land 0  
Building and Improvements 35,105  
Cost Capitalized Subsequent to Acquisition 5,595  
Land 0  
Building and improvements 40,700  
Total 40,700  
Accumulated Depreciation 12,928  
Net Carrying Amount 27,772  
Accumulated Depreciation    
Balance at end of the year 12,928  
Multifamily | Southern Post    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 30,546  
Land 5,000  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 87,502  
Land 5,000  
Building and improvements 87,502  
Total 92,502  
Accumulated Depreciation 0  
Net Carrying Amount 92,502  
Accumulated Depreciation    
Balance at end of the year 0  
Multifamily | The Cosmopolitan    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 40,367  
Land 985  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 78,584  
Land 985  
Building and improvements 78,584  
Total 79,569  
Accumulated Depreciation 37,459  
Net Carrying Amount 42,110  
Accumulated Depreciation    
Balance at end of the year 37,459  
Held for development    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 11,978  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 0  
Land 11,978  
Building and improvements 0  
Total 11,978  
Accumulated Depreciation 0  
Net Carrying Amount 11,978  
Accumulated Depreciation    
Balance at end of the year 0  
Held for development | Columbus Village II    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Land $ 5,700