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Schedule III - Consolidated Real Estate Investments and Accumulated Depreciation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances $ 572,510  
Land 278,703  
Building and Improvements 973,817  
Cost Capitalized Subsequent to Acquisition 944,465  
Land 278,703  
Building and improvements 1,918,282  
Total 2,196,985  
Accumulated Depreciation 451,907 $ 393,169
Net Carrying Amount 1,745,078  
Amount of real estate for federal income tax purposes 1,575,900  
Real estate investments    
Balance at beginning of the year 2,207,287 1,943,575
Construction costs and improvements 62,057 80,089
Acquisitions 0 183,982
Dispositions (66,618) (260)
Reclassifications (5,741) (99)
Balance at end of the year 2,196,985 2,207,287
Accumulated Depreciation    
Balance at beginning of the year 393,169 329,963
Dispositions (9,543) (260)
Reclassifications 1,371 0
Depreciation 66,910 63,466
Balance at end of the year $ 451,907 $ 393,169
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  
249 Central Park Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances $ 0  
Land 271  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 5,660  
Land 271  
Building and improvements 5,660  
Total 5,931  
Accumulated Depreciation 3,321  
Net Carrying Amount 2,610  
Accumulated Depreciation    
Balance at end of the year 3,321  
4525 Main Street Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 108  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 5,157  
Land 108  
Building and improvements 5,157  
Total 5,265  
Accumulated Depreciation 2,184  
Net Carrying Amount 3,081  
Accumulated Depreciation    
Balance at end of the year 2,184  
4621 Columbus Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 54  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 16,262  
Land 54  
Building and improvements 16,262  
Total 16,316  
Accumulated Depreciation 7,679  
Net Carrying Amount 8,637  
Accumulated Depreciation    
Balance at end of the year 7,679  
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 10,485  
Land 0  
Building and improvements 10,485  
Total 10,485  
Accumulated Depreciation 5,813  
Net Carrying Amount 4,672  
Accumulated Depreciation    
Balance at end of the year 5,813  
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 2,604  
Land 2,410  
Building and improvements 11,614  
Total 14,024  
Accumulated Depreciation 4,374  
Net Carrying Amount 9,650  
Accumulated Depreciation    
Balance at end of the year 4,374  
Brooks Crossing Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 117  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 2,570  
Land 117  
Building and improvements 2,570  
Total 2,687  
Accumulated Depreciation 629  
Net Carrying Amount 2,058  
Accumulated Depreciation    
Balance at end of the year 629  
Chronicle Mill Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 43  
Building and Improvements 15  
Cost Capitalized Subsequent to Acquisition 1,559  
Land 43  
Building and improvements 1,574  
Total 1,617  
Accumulated Depreciation 107  
Net Carrying Amount 1,510  
Accumulated Depreciation    
Balance at end of the year 107  
Columbus Village    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 7,630  
Building and Improvements 10,135  
Cost Capitalized Subsequent to Acquisition 8,897  
Land 7,630  
Building and improvements 19,032  
Total 26,662  
Accumulated Depreciation 7,002  
Net Carrying Amount 19,660  
Accumulated Depreciation    
Balance at end of the year 7,002  
Columbus Village II    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 8,852  
Building and Improvements 10,922  
Cost Capitalized Subsequent to Acquisition 2,324  
Land 8,852  
Building and improvements 13,246  
Total 22,098  
Accumulated Depreciation 6,343  
Net Carrying Amount 15,755  
Accumulated Depreciation    
Balance at end of the year 6,343  
Commerce Street Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 118  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 3,440  
Land 118  
Building and improvements 3,440  
Total 3,558  
Accumulated Depreciation 2,253  
Net Carrying Amount 1,305  
Accumulated Depreciation    
Balance at end of the year 2,253  
Constellation Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 1,692  
Building and Improvements 2,361  
Cost Capitalized Subsequent to Acquisition 43  
Land 1,692  
Building and improvements 2,404  
Total 4,096  
Accumulated Depreciation 243  
Net Carrying Amount 3,853  
Accumulated Depreciation    
Balance at end of the year 243  
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 1,208  
Land 0  
Building and improvements 28,359  
Total 28,359  
Accumulated Depreciation 3,693  
Net Carrying Amount 24,666  
Accumulated Depreciation    
Balance at end of the year 3,693  
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 2,372  
Land 5,100  
Building and improvements 15,498  
Total 20,598  
Accumulated Depreciation 4,366  
Net Carrying Amount 16,232  
Accumulated Depreciation    
Balance at end of the year 4,366  
Fountain Plaza Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 425  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 8,582  
Land 425  
Building and improvements 8,582  
Total 9,007  
Accumulated Depreciation 4,863  
Net Carrying Amount 4,144  
Accumulated Depreciation    
Balance at end of the year 4,863  
Greenbrier Square    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 19,184  
Land 8,549  
Building and Improvements 21,170  
Cost Capitalized Subsequent to Acquisition 652  
Land 8,549  
Building and improvements 21,822  
Total 30,371  
Accumulated Depreciation 2,421  
Net Carrying Amount 27,950  
Accumulated Depreciation    
Balance at end of the year 2,421  
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 4,373  
Land 1,103  
Building and improvements 4,373  
Total 5,476  
Accumulated Depreciation 1,853  
Net Carrying Amount 3,623  
Accumulated Depreciation    
Balance at end of the year 1,853  
Hanbury Village    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 2,565  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 16,832  
Land 2,565  
Building and improvements 16,832  
Total 19,397  
Accumulated Depreciation 9,056  
Net Carrying Amount 10,341  
Accumulated Depreciation    
Balance at end of the year 9,056  
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 2,734  
Net Carrying Amount 2,968  
Accumulated Depreciation    
Balance at end of the year 2,734  
Lexington Square    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 13,293  
Land 3,035  
Building and Improvements 20,581  
Cost Capitalized Subsequent to Acquisition 518  
Land 3,035  
Building and improvements 21,099  
Total 24,134  
Accumulated Depreciation 4,728  
Net Carrying Amount 19,406  
Accumulated Depreciation    
Balance at end of the year 4,728  
Liberty Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 3,007  
Building and Improvements 8,534  
Cost Capitalized Subsequent to Acquisition 1,461  
Land 3,007  
Building and improvements 9,995  
Total 13,002  
Accumulated Depreciation 8,883  
Net Carrying Amount 4,119  
Accumulated Depreciation    
Balance at end of the year 8,883  
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 1,473  
Land 2,023  
Building and improvements 21,359  
Total 23,382  
Accumulated Depreciation 3,448  
Net Carrying Amount 19,934  
Accumulated Depreciation    
Balance at end of the year 3,448  
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 1,486  
Land 7,250  
Building and improvements 11,696  
Total 18,946  
Accumulated Depreciation 3,828  
Net Carrying Amount 15,118  
Accumulated Depreciation    
Balance at end of the year 3,828  
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 23,783  
Land 1,276  
Building and improvements 23,783  
Total 25,059  
Accumulated Depreciation 13,458  
Net Carrying Amount 11,601  
Accumulated Depreciation    
Balance at end of the year 13,458  
One City Center Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 437  
Building and Improvements 469  
Cost Capitalized Subsequent to Acquisition 106  
Land 437  
Building and improvements 575  
Total 1,012  
Accumulated Depreciation 410  
Net Carrying Amount 602  
Accumulated Depreciation    
Balance at end of the year 410  
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 756  
Land 6,328  
Building and improvements 20,857  
Total 27,185  
Accumulated Depreciation 2,508  
Net Carrying Amount 24,677  
Accumulated Depreciation    
Balance at end of the year 2,508  
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 253  
Land 1,372  
Building and improvements 8,117  
Total 9,489  
Accumulated Depreciation 1,722  
Net Carrying Amount 7,767  
Accumulated Depreciation    
Balance at end of the year 1,722  
Parkway Marketplace    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 1,150  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 4,627  
Land 1,150  
Building and improvements 4,627  
Total 5,777  
Accumulated Depreciation 2,680  
Net Carrying Amount 3,097  
Accumulated Depreciation    
Balance at end of the year 2,680  
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 2,489  
Land 15,060  
Building and improvements 22,669  
Total 37,729  
Accumulated Depreciation 5,859  
Net Carrying Amount 31,870  
Accumulated Depreciation    
Balance at end of the year 5,859  
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 522  
Land 14,513  
Building and improvements 9,812  
Total 24,325  
Accumulated Depreciation 1,519  
Net Carrying Amount 22,806  
Accumulated Depreciation    
Balance at end of the year 1,519  
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 686  
Land 3,240  
Building and improvements 9,002  
Total 12,242  
Accumulated Depreciation 3,369  
Net Carrying Amount 8,873  
Accumulated Depreciation    
Balance at end of the year 3,369  
Point St. Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 0  
Building and Improvements 7,822  
Cost Capitalized Subsequent to Acquisition 430  
Land 0  
Building and improvements 8,252  
Total 8,252  
Accumulated Depreciation 1,312  
Net Carrying Amount 6,940  
Accumulated Depreciation    
Balance at end of the year 1,312  
Premier Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 9,496  
Land 319  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 16,189  
Land 319  
Building and improvements 16,189  
Total 16,508  
Accumulated Depreciation 3,330  
Net Carrying Amount 13,178  
Accumulated Depreciation    
Balance at end of the year 3,330  
Providence Plaza Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 4,771  
Building and Improvements 6,094  
Cost Capitalized Subsequent to Acquisition 1,427  
Land 4,771  
Building and improvements 7,521  
Total 12,292  
Accumulated Depreciation 2,210  
Net Carrying Amount 10,082  
Accumulated Depreciation    
Balance at end of the year 2,210  
Red Mill Commons    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 8,344  
Land 44,252  
Building and Improvements 30,348  
Cost Capitalized Subsequent to Acquisition 7,683  
Land 44,252  
Building and improvements 38,031  
Total 82,283  
Accumulated Depreciation 10,934  
Net Carrying Amount 71,349  
Accumulated Depreciation    
Balance at end of the year 10,934  
Sandbridge Commons    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 4,118  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 7,531  
Land 4,118  
Building and improvements 7,531  
Total 11,649  
Accumulated Depreciation 3,211  
Net Carrying Amount 8,438  
Accumulated Depreciation    
Balance at end of the year 3,211  
South Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 190  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 8,683  
Land 190  
Building and improvements 8,683  
Total 8,873  
Accumulated Depreciation 5,876  
Net Carrying Amount 2,997  
Accumulated Depreciation    
Balance at end of the year 5,876  
Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 65,161  
Land 200,773  
Building and Improvements 400,145  
Cost Capitalized Subsequent to Acquisition 230,139  
Land 200,773  
Building and improvements 630,284  
Total 831,057  
Accumulated Depreciation 184,351  
Net Carrying Amount 646,706  
Accumulated Depreciation    
Balance at end of the year 184,351  
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 1,530  
Land 14,130  
Building and improvements 14,200  
Total 28,330  
Accumulated Depreciation 4,244  
Net Carrying Amount 24,086  
Accumulated Depreciation    
Balance at end of the year 4,244  
Retail | Southern Post Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 14,844  
Land 931  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 22,624  
Land 931  
Building and improvements 22,624  
Total 23,555  
Accumulated Depreciation 364  
Net Carrying Amount 23,191  
Accumulated Depreciation    
Balance at end of the year 364  
Retail | Southgate Square    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 10,238  
Building and Improvements 25,950  
Cost Capitalized Subsequent to Acquisition 7,290  
Land 10,238  
Building and improvements 33,240  
Total 43,478  
Accumulated Depreciation 9,853  
Net Carrying Amount 33,625  
Accumulated Depreciation    
Balance at end of the year 9,853  
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 851  
Land 1,770  
Building and improvements 7,360  
Total 9,130  
Accumulated Depreciation 2,008  
Net Carrying Amount 7,122  
Accumulated Depreciation    
Balance at end of the year 2,008  
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 3,810  
Land 76  
Building and improvements 3,810  
Total 3,886  
Accumulated Depreciation 1,540  
Net Carrying Amount 2,346  
Accumulated Depreciation    
Balance at end of the year 1,540  
Retail | The Cosmo Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 108  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 6,867  
Land 108  
Building and improvements 6,867  
Total 6,975  
Accumulated Depreciation 5,020  
Net Carrying Amount 1,955  
Accumulated Depreciation    
Balance at end of the year 5,020  
Retail | The Edison Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 549  
Building and Improvements 2,689  
Cost Capitalized Subsequent to Acquisition 247  
Land 549  
Building and improvements 2,936  
Total 3,485  
Accumulated Depreciation 498  
Net Carrying Amount 2,987  
Accumulated Depreciation    
Balance at end of the year 498  
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 1,468  
Land 0  
Building and improvements 67,572  
Total 67,572  
Accumulated Depreciation 3,035  
Net Carrying Amount 64,537  
Accumulated Depreciation    
Balance at end of the year 3,035  
Retail | Two Columbus Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 7  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 2,644  
Land 7  
Building and improvements 2,644  
Total 2,651  
Accumulated Depreciation 1,339  
Net Carrying Amount 1,312  
Accumulated Depreciation    
Balance at end of the year 1,339  
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 3,309  
Land 0  
Building and improvements 3,309  
Total 3,309  
Accumulated Depreciation 2,087  
Net Carrying Amount 1,222  
Accumulated Depreciation    
Balance at end of the year 2,087  
Retail | Wendover Village    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 19,894  
Building and Improvements 22,638  
Cost Capitalized Subsequent to Acquisition 2,013  
Land 19,894  
Building and improvements 24,651  
Total 44,545  
Accumulated Depreciation 6,035  
Net Carrying Amount 38,510  
Accumulated Depreciation    
Balance at end of the year 6,035  
Retail | West Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 138  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 215  
Land 138  
Building and improvements 215  
Total 353  
Accumulated Depreciation 109  
Net Carrying Amount 244  
Accumulated Depreciation    
Balance at end of the year 109  
Office    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 286,074  
Land 49,360  
Building and Improvements 401,419  
Cost Capitalized Subsequent to Acquisition 361,900  
Land 49,360  
Building and improvements 763,319  
Total 812,679  
Accumulated Depreciation 161,500  
Net Carrying Amount 651,179  
Accumulated Depreciation    
Balance at end of the year 161,500  
Office | 249 Central Park Office    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 442  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 12,477  
Land 442  
Building and improvements 12,477  
Total 12,919  
Accumulated Depreciation 8,035  
Net Carrying Amount 4,884  
Accumulated Depreciation    
Balance at end of the year 8,035  
Office | 4525 Main Street    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 29,341  
Land 874  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 42,240  
Land 874  
Building and improvements 42,240  
Total 43,114  
Accumulated Depreciation 15,518  
Net Carrying Amount 27,596  
Accumulated Depreciation    
Balance at end of the year 15,518  
Office | 4605 Columbus Office    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 12  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 1,760  
Land 12  
Building and improvements 1,760  
Total 1,772  
Accumulated Depreciation 1,618  
Net Carrying Amount 154  
Accumulated Depreciation    
Balance at end of the year 1,618  
Office | Armada Hoffler Tower    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 1,838  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 74,999  
Land 1,838  
Building and improvements 74,999  
Total 76,837  
Accumulated Depreciation 48,719  
Net Carrying Amount 28,118  
Accumulated Depreciation    
Balance at end of the year 48,719  
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 19,525  
Land 295  
Building and improvements 19,525  
Total 19,820  
Accumulated Depreciation 3,784  
Net Carrying Amount 16,036  
Accumulated Depreciation    
Balance at end of the year 3,784  
Office | Chronicle Mill Office    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 344  
Building and Improvements 7  
Cost Capitalized Subsequent to Acquisition 700  
Land 344  
Building and improvements 707  
Total 1,051  
Accumulated Depreciation 37  
Net Carrying Amount 1,014  
Accumulated Depreciation    
Balance at end of the year 37  
Office | Constellation Office    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 175,000  
Land 19,459  
Building and Improvements 174,582  
Cost Capitalized Subsequent to Acquisition 3,163  
Land 19,459  
Building and improvements 177,745  
Total 197,204  
Accumulated Depreciation 13,779  
Net Carrying Amount 183,425  
Accumulated Depreciation    
Balance at end of the year 13,779  
Office | One City Center Office    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 2,474  
Building and Improvements 27,733  
Cost Capitalized Subsequent to Acquisition 6,235  
Land 2,474  
Building and improvements 33,968  
Total 36,442  
Accumulated Depreciation 5,712  
Net Carrying Amount 30,730  
Accumulated Depreciation    
Balance at end of the year 5,712  
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 16,843  
Land 960  
Building and improvements 27,112  
Total 28,072  
Accumulated Depreciation 17,268  
Net Carrying Amount 10,804  
Accumulated Depreciation    
Balance at end of the year 17,268  
Office | Providence Plaza Office    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 5,179  
Building and Improvements 6,275  
Cost Capitalized Subsequent to Acquisition 1,469  
Land 5,179  
Building and improvements 7,744  
Total 12,923  
Accumulated Depreciation 2,621  
Net Carrying Amount 10,302  
Accumulated Depreciation    
Balance at end of the year 2,621  
Office | Southern Post Office    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 15,272  
Land 1,575  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 38,263  
Land 1,575  
Building and improvements 38,263  
Total 39,838  
Accumulated Depreciation 831  
Net Carrying Amount 39,007  
Accumulated Depreciation    
Balance at end of the year 831  
Office | Thames Street Wharf loan    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 66,461  
Land 15,861  
Building and Improvements 64,689  
Cost Capitalized Subsequent to Acquisition 2,369  
Land 15,861  
Building and improvements 67,058  
Total 82,919  
Accumulated Depreciation 9,472  
Net Carrying Amount 73,447  
Accumulated Depreciation    
Balance at end of the year 9,472  
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 579  
Land 0  
Building and improvements 118,443  
Total 118,443  
Accumulated Depreciation 5,073  
Net Carrying Amount 113,370  
Accumulated Depreciation    
Balance at end of the year 5,073  
Office | Two Columbus Office    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 47  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 21,299  
Land 47  
Building and improvements 21,299  
Total 21,346  
Accumulated Depreciation 11,146  
Net Carrying Amount 10,200  
Accumulated Depreciation    
Balance at end of the year 11,146  
Office | Wills Wharf    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 0  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 119,979  
Land 0  
Building and improvements 119,979  
Total 119,979  
Accumulated Depreciation 17,887  
Net Carrying Amount 102,092  
Accumulated Depreciation    
Balance at end of the year 17,887  
Multifamily    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 221,275  
Land 22,887  
Building and Improvements 172,253  
Cost Capitalized Subsequent to Acquisition 352,426  
Land 22,887  
Building and improvements 524,679  
Total 547,566  
Accumulated Depreciation 106,056  
Net Carrying Amount 441,510  
Accumulated Depreciation    
Balance at end of the year 106,056  
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 434  
Land 2,165  
Building and improvements 18,548  
Total 20,713  
Accumulated Depreciation 1,479  
Net Carrying Amount 19,234  
Accumulated Depreciation    
Balance at end of the year 1,479  
Multifamily | 1405 Point    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 0  
Building and Improvements 87,644  
Cost Capitalized Subsequent to Acquisition 4,819  
Land 0  
Building and improvements 92,463  
Total 92,463  
Accumulated Depreciation 16,671  
Net Carrying Amount 75,792  
Accumulated Depreciation    
Balance at end of the year 16,671  
Multifamily | Chandler Residences    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 30,128  
Land 2,507  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 52,774  
Land 2,507  
Building and improvements 52,774  
Total 55,281  
Accumulated Depreciation 1,511  
Net Carrying Amount 53,770  
Accumulated Depreciation    
Balance at end of the year 1,511  
Multifamily | Chronicle Mill Apartments    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 1,401  
Building and Improvements 537  
Cost Capitalized Subsequent to Acquisition 55,411  
Land 1,401  
Building and improvements 55,948  
Total 57,349  
Accumulated Depreciation 4,164  
Net Carrying Amount 53,185  
Accumulated Depreciation    
Balance at end of the year 4,164  
Multifamily | Encore Apartments    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 22,846  
Land 1,293  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 32,996  
Land 1,293  
Building and improvements 32,996  
Total 34,289  
Accumulated Depreciation 10,193  
Net Carrying Amount 24,096  
Accumulated Depreciation    
Balance at end of the year 10,193  
Multifamily | Greenside Apartments    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 30,321  
Land 5,711  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 46,071  
Land 5,711  
Building and improvements 46,071  
Total 51,782  
Accumulated Depreciation 9,295  
Net Carrying Amount 42,487  
Accumulated Depreciation    
Balance at end of the year 9,295  
Multifamily | Liberty Apartments    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 20,242  
Land 573  
Building and Improvements 14,960  
Cost Capitalized Subsequent to Acquisition 2,561  
Land 573  
Building and improvements 17,521  
Total 18,094  
Accumulated Depreciation 465  
Net Carrying Amount 17,629  
Accumulated Depreciation    
Balance at end of the year 465  
Multifamily | Premier Apartments    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 19,919  
Land 647  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 30,032  
Land 647  
Building and improvements 30,032  
Total 30,679  
Accumulated Depreciation 5,667  
Net Carrying Amount 25,012  
Accumulated Depreciation    
Balance at end of the year 5,667  
Multifamily | Smith's Landing    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 13,584  
Land 0  
Building and Improvements 35,105  
Cost Capitalized Subsequent to Acquisition 6,533  
Land 0  
Building and improvements 41,638  
Total 41,638  
Accumulated Depreciation 14,307  
Net Carrying Amount 27,331  
Accumulated Depreciation    
Balance at end of the year 14,307  
Multifamily | The Cosmopolitan    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 39,461  
Land 877  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 73,878  
Land 877  
Building and improvements 73,878  
Total 74,755  
Accumulated Depreciation 35,502  
Net Carrying Amount 39,253  
Accumulated Depreciation    
Balance at end of the year 35,502  
Multifamily | The Edison    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 14,774  
Land 2,879  
Building and Improvements 15,893  
Cost Capitalized Subsequent to Acquisition 1,459  
Land 2,879  
Building and improvements 17,352  
Total 20,231  
Accumulated Depreciation 3,242  
Net Carrying Amount 16,989  
Accumulated Depreciation    
Balance at end of the year 3,242  
Multifamily | The Everly    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 30,000  
Land 4,834  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 45,458  
Land 4,834  
Building and improvements 45,458  
Total 50,292  
Accumulated Depreciation 3,560  
Net Carrying Amount 46,732  
Accumulated Depreciation    
Balance at end of the year 3,560  
Held for development    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 5,683  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 0  
Land 5,683  
Building and improvements 0  
Total 5,683  
Accumulated Depreciation 0  
Net Carrying Amount 5,683  
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