Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2015

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

			Initial Cost to Company						Costs Capitalized Subsequent to Acquisition		Gross Amount at which Carried at Close of Period								Accumulated Depreciation and Amortization			Date Acquired	Year Built	Life on which Depreciation in Latest Statement of Income is Computed
Description	Encumbrances		Land		Building		Intangibles				Land		Building		Intangibles		Total
Real Estate:
Retail Property in Radford, VA	$	—	$	411	$	896	$	256	$	—	$	411	$	896	$	257	$	1,564	$	(1	)	12/23/15	2015	15-40yrs
Retail Property in Albion, PA	—		100		1,033		392		—		100		1,033		392		1,525		(2		)	12/23/15	2015	14-50yrs
Retail Property in Rural Retreat, VA	—		328		811		260		—		328		811		260		1,399		(1		)	12/23/15	2015	15-40yrs
Retail Property in Mount Vernon, AL	—		187		876		174		—		187		876		174		1,237		(1		)	12/23/15	2015	14-44yrs
Retail Property in Malone, NY	—		183		1,154		137		—		183		1,154		137		1,474		(2		)	12/16/15	2015	14-39yrs
Retail Property in Mercedes, TX	—		257		874		132		—		257		874		132		1,263		(1		)	12/16/15	2015	15-45yrs
Retail Property in Gordonville, MO	776		247		787		173		—		247		787		173		1,207		(5		)	11/10/15	2015	15-40yrs
Retail Property in Rice, MN	822		200		859		184		—		199		859		184		1,242		(7		)	10/28/15	2015	15-30yrs
Retail Property in Bixby, OK	8,002		2,609		7,776		1,765		—		2,610		7,776		1,765		12,151		(52		)	10/27/15	2012	12-37yrs
Retail Property in Farmington, IL	901		96		1,161		150		—		97		1,161		150		1,408		(7		)	10/23/15	2015	15-40yrs
Retail Property in Grove, OK	3,647		402		4,364		817		—		402		4,364		817		5,583		(34		)	10/20/15	2012	12-37yrs
Retail Property in Jenks, OK	8,855		2,617		8,694		2,107		—		2,617		8,694		2,107		13,418		(68		)	10/19/15	2009	9-38yrs
Retail Property in Bloomington, IL	822		173		984		138		—		173		984		137		1,294		(7		)	10/14/15	2015	15-40yrs
Retail Property in Montrose, MN	—		149		876		169		—		148		876		169		1,193		(9		)	10/14/15	2015	15-30yrs
Retail Property in Lincoln County, MO	743		149		800		188		—		149		800		188		1,137		(6		)	10/14/15	2015	15-40yrs
Retail Property in Wilmington, IL	908		161		1,078		160		—		161		1,078		160		1,399		(9		)	10/07/15	2015	15-40yrs
Retail Property in Danville, IL	743		158		870		132		—		158		870		132		1,160		(6		)	10/07/15	2015	15-40yrs
Retail Property in Moultrie, GA	935		170		962		173		—		170		962		173		1,305		(12		)	09/22/15	2014	14-44yrs

		Initial Cost to Company			Costs Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period				Accumulated Depreciation and Amortization		Date Acquired	Year Built	Life on which Depreciation in Latest Statement of Income is Computed
Description	Encumbrances	Land	Building	Intangibles		Land	Building	Intangibles	Total
Retail Property in Rose Hill, NC	1,005	245	972	203	—	245	972	203	1,420	(11	)	09/22/15	2014	14-44yrs
Retail Property in Rockingham, NC	825	73	922	163	—	73	922	163	1,158	(11	)	09/22/15	2014	14-44yrs
Retail Property in Biscoe, NC	864	147	905	164	—	147	905	164	1,216	(10	)	09/22/15	2014	14-44yrs
Retail Property in De Soto, IL	707	139	796	176	—	139	796	176	1,111	(10	)	09/08/15	2015	15-35yrs
Retail Property in Kerrville, TX	769	186	849	200	—	187	849	200	1,236	(14	)	08/28/15	2015	15-35yrs
Retail Property in Floresville, TX	816	268	828	216	—	268	828	216	1,312	(13	)	08/28/15	2015	15-35yrs
Retail Property in Minot, ND	4,704	1,856	4,472	618	—	1,856	4,472	618	6,946	(56	)	08/19/15	2012	13-38yrs
Retail Property in Lebanon, MI	822	359	724	178	—	359	724	178	1,261	(10	)	08/14/15	2015	15-40yrs
Retail Property in Effingham County, IL	822	273	774	205	—	273	773	206	1,252	(13	)	08/10/15	2015	15-40yrs
Retail Property in Ponce, Puerto Rico	6,530	1,365	6,662	1,318	—	1,365	6,662	1,318	9,345	(94	)	08/03/15	2012	12-37yrs
Retail Property in Tremont, IL	794	164	860	168	—	164	860	168	1,192	(17	)	06/25/15	2015	15-35yrs
Retail Property in Pleasanton, TX	871	311	850	216	—	311	850	216	1,377	(19	)	06/24/15	2015	15-35yrs
Retail Property in Peoria, IL	860	180	934	179	—	180	934	179	1,293	(18	)	06/24/15	2015	15-35yrs
Retail Property in Bridgeport, IL	827	192	874	175	—	192	874	175	1,241	(17	)	06/24/15	2015	15-35yrs
Retail Property in Warren, MN	698	108	825	157	—	108	825	157	1,090	(20	)	06/24/15	2015	15-30yrs
Retail Property in Canyon Lake, TX	913	291	932	220	—	291	932	220	1,443	(21	)	06/18/15	2015	15-35yrs
Retail Property in Wheeler, TX	721	53	887	188	—	52	887	188	1,127	(19	)	06/18/15	2015	15-35yrs
Retail Property in Aurora, MN	—	126	709	157	—	127	709	157	993	(15	)	06/18/15	2015	15-40yrs
Retail Property in Red Oak, IA	778	190	839	179	—	190	839	179	1,208	(25	)	05/07/15	2014	15-35yrs
Retail Property in Zapata, TX	745	62	998	145	—	62	998	144	1,204	(31	)	05/07/15	2015	15-35yrs

		Initial Cost to Company			Costs Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period				Accumulated Depreciation and Amortization		Date Acquired	Year Built	Life on which Depreciation in Latest Statement of Income is Computed
Description	Encumbrances	Land	Building	Intangibles		Land	Building	Intangibles	Total
Retail Property in St. Francis, MN	732	105	911	163	—	105	911	164	1,180	(35	)	03/26/15	2014	15-35yrs
Retail Property in Yorktown, TX	784	97	1,005	199	—	97	1,005	199	1,301	(38	)	03/25/15	2015	15-35yrs
Retail Property in Battle Lake, MN	719	136	875	157	—	136	875	157	1,168	(37	)	03/25/15	2014	15-30yrs
Retail Property in Paynesville, MN	803	246	816	192	—	246	816	192	1,254	(32	)	03/05/15	2015	15-40yrs
Retail Property in Wheaton, MO	655	73	800	97	—	73	800	97	970	(27	)	03/05/15	2015	15-40yrs
Retail Property in Rotterdam, NY	—	2,530	7,924	2,165	—	2,530	7,924	2,165	12,619	(525	)	03/03/15	1996	8-20yrs
Retail Property in Hilliard, OH	4,607	654	4,870	860	—	654	4,870	860	6,384	(150	)	03/02/15	2007	12-41yrs
Retail Property in Niles, OH	3,743	437	4,084	680	—	437	4,084	679	5,200	(125	)	03/02/15	2007	12-41yrs
Retail Property in Rockland, MA	—	2,876	4,743	1,001	—	2,876	4,743	1,001	8,620	(183	)	02/20/15	2004	12-40yrs
Retail Property in Crawfordsville, IN	—	348	4,975	678	—	347	4,975	678	6,000	(156	)	02/20/15	2004	13-40yrs
Retail Property in Youngstown, OH	—	380	4,363	658	—	380	4,363	657	5,400	(141	)	02/20/15	2005	12-40yrs
Retail Property in Kings Mountain, NC	18,788	1,368	23,236	3,266	—	1,368	23,236	3,266	27,870	(796	)	01/29/15	1995	10-35yrs
Retail Property in Iberia, MO	902	130	1,033	165	—	130	1,033	165	1,328	(40	)	01/23/15	2015	14-39yrs
Retail Property in Pine Island, MN	775	112	845	185	—	112	845	185	1,142	(39	)	01/23/15	2014	15-40yrs
Retail Property in Isle, MN	729	120	787	171	—	120	787	170	1,077	(37	)	01/23/15	2014	15-40yrs
Retail Property in Jacksonville, NC	5,723	1,863	5,749	1,020	—	1,863	5,749	1,020	8,632	(215	)	01/22/15	2014	15-44yrs
Retail Property in Evansville, IN	6,475	1,788	6,348	864	—	1,788	6,348	864	9,000	(286	)	11/26/14	2014	15-35yrs
Retail Property in Woodland Park, CO	2,815	668	2,681	620	—	668	2,681	620	3,969	(156	)	11/14/14	2014	15-35yrs
Retail Property in Bellport, NY	12,900	3,601	12,465	2,034	—	3,601	12,465	2,034	18,100	(612	)	11/13/14	2014	15-35yrs
Retail Property in Ankeny, IA	11,766	3,180	10,513	2,843	—	3,180	10,513	2,843	16,536	(549	)	11/04/14	2013	14-39yrs
Retail Property in Springfield, MO	8,418	3,658	6,296	1,868	—	3,659	6,296	1,868	11,823	(358	)	11/04/14	2011	12-37yrs

		Initial Cost to Company			Costs Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period				Accumulated Depreciation and Amortization		Date Acquired	Year Built	Life on which Depreciation in Latest Statement of Income is Computed
Description	Encumbrances	Land	Building	Intangibles		Land	Building	Intangibles	Total
Retail Property in Cedar Rapids, IA	7,840	1,569	7,553	1,878	—	1,569	7,553	1,878	11,000	(463	)	11/04/14	2012	10-30yrs
Retail Property in Fairfield, IA	7,626	1,132	7,779	1,800	—	1,132	7,779	1,800	10,711	(400	)	11/04/14	2011	12-37yrs
Retail Property in Owatonna, MN	7,173	1,398	7,125	1,563	—	1,398	7,125	1,563	10,086	(382	)	11/04/14	2010	11-36yrs
Retail Property in Muscatine, IA	5,144	1,060	6,636	1,293	—	1,060	6,636	1,293	8,989	(366	)	11/04/14	2013	10-29yrs
Retail Property in Sheldon, IA	3,094	633	3,053	707	—	633	3,053	707	4,393	(163	)	11/04/14	2011	12-37yrs
Retail Property in Memphis, TN	3,938	1,986	2,800	799	—	1,986	2,801	799	5,586	(331	)	10/24/14	1962	5-15yrs
Retail Property in Bennett, CO	2,497	470	2,503	563	—	470	2,503	563	3,536	(163	)	10/02/14	2014	14-34yrs
Retail Property in Conyers, GA	22,857	876	27,396	4,258	—	876	27,396	4,258	32,530	(1,343	)	08/28/14	2014	15-45yrs
Retail Property in O'Fallon, IL	5,691	2,488	5,388	1,036	—	2,488	5,387	1,036	8,911	(682	)	08/08/14	1984	7-15yrs
Retail Property in El Centro, CA	2,986	569	3,133	575	—	569	3,133	575	4,277	(171	)	08/08/14	2014	15-50yrs
Retail Property in Durant, OK	3,226	594	3,900	498	—	594	3,899	498	4,991	(383	)	01/28/13	2007	10-40yrs
Retail Property in Gallatin, TN	3,297	1,725	2,616	721	—	1,725	2,616	721	5,062	(349	)	12/28/12	2007	11-40yrs
Retail Property in Mt. Airy, NC	2,928	729	3,353	599	—	729	3,352	599	4,680	(376	)	12/27/12	2007	9-39yrs
Retail Property in Aiken, SC	3,856	1,588	3,480	858	—	1,588	3,480	858	5,926	(426	)	12/21/12	2008	11-41yrs
Retail Property in Johnson City, TN	3,428	917	3,607	739	—	917	3,606	739	5,262	(429	)	12/21/12	2007	11-40yrs
Retail Property in Palmview, TX	4,601	938	4,837	1,044	—	938	4,837	1,045	6,820	(493	)	12/19/12	2012	11-44yrs
Retail Property in Ooltewah, TN	3,853	903	3,957	843	—	903	3,957	843	5,703	(460	)	12/18/12	2008	11-41yrs
Retail Property in Abingdon, VA	3,094	682	3,733	623	—	682	3,733	623	5,038	(396	)	12/18/12	2006	11-41yrs
Retail Property in Wichita, KS	4,822	1,187	4,850	1,163	—	1,187	4,850	1,163	7,200	(743	)	12/14/12	2012	14-34yrs
Retail Property in North Dartsmouth, MA	19,170	7,033	19,745	3,187	—	7,033	19,745	3,187	29,965	(4,005	)	09/21/12	1989	10-20yrs

		Initial Cost to Company			Costs Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period				Accumulated Depreciation and Amortization		Date Acquired	Year Built	Life on which Depreciation in Latest Statement of Income is Computed
Description	Encumbrances	Land	Building	Intangibles		Land	Building	Intangibles	Total
Retail Property in Vineland, NJ	13,929	1,482	17,742	3,282	—	1,482	17,743	3,282	22,507	(2,801	)	09/21/12	2003	12-30yrs
Retail Property in Saratoga Springs, NY	12,421	748	13,936	5,538	—	748	13,936	5,538	20,222	(2,649	)	09/21/12	1994	15-27yrs
Retail Property in Waldorf, MD	12,208	4,933	11,684	2,803	—	4,933	11,684	2,803	19,420	(2,149	)	09/21/12	1999	10-25yrs
Retail Property in Mooresville, NC	10,807	2,615	12,462	2,566	—	2,616	12,462	2,566	17,644	(2,355	)	09/21/12	2000	12-24yrs
Retail Property in Sennett, NY	4,751	1,147	4,480	1,848	—	1,147	4,481	1,848	7,476	(1,042	)	09/21/12	1996	10-23yrs
Retail Property in DeLeon Springs, FL	825	239	782	221	—	239	782	221	1,242	(167	)	08/13/12	2011	15-35yrs
Retail Property in Orange City, FL	797	229	853	235	—	229	853	235	1,317	(180	)	05/23/12	2011	15-35yrs
Retail Property in Satsuma, FL	716	79	821	192	—	79	821	192	1,092	(176	)	04/19/12	2011	15-35yrs
Retail Property in Greenwood, AR	3,438	1,038	3,415	694	—	1,038	3,415	694	5,147	(481	)	04/12/12	2009	13-43yrs
Retail Property in Snellville, GA	5,329	1,293	5,724	983	—	1,293	5,724	983	8,000	(975	)	04/04/12	2011	14-34yrs
Retail Property in Columbia, SC	5,184	2,148	4,629	1,023	—	2,148	4,629	1,023	7,800	(824	)	04/04/12	2001	14-34yrs
Retail Property in Millbrook, AL	4,636	970	5,972	—	—	970	5,971	—	6,941	(707	)	03/28/12	2008	32yrs
Retail Property in Pittsfield, MA	11,161	1,801	11,556	1,344	—	1,801	11,555	1,344	14,700	(1,694	)	02/17/12	2011	14-34yrs
Retail Property in Spartanburg, SC	2,748	828	2,567	718	—	827	2,567	718	4,112	(515	)	01/14/11	2007	12-42yrs
Retail Property in Tupelo, MS	3,090	1,120	3,070	939	—	1,119	3,070	939	5,128	(680	)	08/13/10	2007	12-47yrs
Retail Property in Lilburn, GA	3,474	1,090	3,673	1,028	—	1,090	3,673	1,028	5,791	(786	)	08/12/10	2007	12-47yrs
Retail Property in Douglasville, GA	3,264	1,717	2,705	987	—	1,717	2,705	987	5,409	(620	)	08/12/10	2008	13-48yrs
Retail Property in Elkton, MD	2,928	963	3,049	860	—	963	3,049	860	4,872	(659	)	07/27/10	2008	14-49yrs
Retail Property in Lexington, SC	2,898	1,644	2,219	869	—	1,644	2,219	869	4,732	(564	)	06/28/10	2009	13-48yrs
Total Net Lease	359,284	94,116	405,569	83,495	—	94,116	405,565	83,494	583,175	(37,759	)

				Initial Cost to Company						Costs Capitalized Subsequent to Acquisition		Gross Amount at which Carried at Close of Period									Accumulated Depreciation and Amortization			Date Acquired	Year Built	Life on which Depreciation in Latest Statement of Income is Computed
Description	Encumbrances			Land		Building		Intangibles				Land		Building		Intangibles		Total
Shopping Center in Carmel, NY	—			2,041		3,632		1,033		116		2,041		3,748		1,033		6,822			(59		)	10/14/15	1985	5-20yrs
Office in Wayne, NJ	6,682			1,386		5,474		2,840		—		1,386		5,474		2,840		9,700			(218		)	06/24/15	1980	10-40yrs
Warehouse in Grand Rapids, MI	7,252			497		8,157		1,077		—		497		8,157		1,077		9,731			(204		)	06/18/15	1963	8-35yrs
Office in Grand Rapids, MI	4,937			547		5,157		596		—		547		5,157		596		6,300			(180		)	06/18/15	1992	6-28yrs
Office in St. Paul, MN	49,228			9,415		33,682		20,566		504		9,415		34,561		20,520		64,496			(7,218		)	09/22/14	1900	7-19yrs
Office in Richmond, VA	15,809			4,539		12,633		2,707		607		4,539		13,240		2,704		20,483			(2,051		)	08/14/14	1986	4-33yrs
Office in Richmond, VA	89,424			14,632		89,104		16,183		2,523		14,631		90,066		16,923		121,620			(22,350		)	06/07/13	1984	4-41yrs
Office in Oakland County, MI	12,045			1,147		7,707		9,932		1,404		1,147		9,111		9,556		19,814			(8,336		)	02/01/13	1989	4-35yrs
Total Other	185,377			34,204		165,546		54,934		5,154		34,203		169,514		55,249		258,966			(40,616		)
Condominium in Miami, FL	—			10,487		67,895		1,618		1,667		4,909		33,452		758		39,119			(1,863		)	11/21/13	2010	7-47yrs
Condominium in Las Vegas, NV	—			4,900		114,100		—		—		4,900		31,675		—		36,575			(2,818		)	12/20/12	2006	40yrs
Total Condominium	—			15,387		181,995		1,618		1,667		9,809		65,127		758		75,694			(4,681		)
Total Real Estate	$	544,661	(2)	$	143,707	$	753,110	$	140,047	$	6,821	$	138,128	$	640,206	$	139,501	$	917,835	(3)	$	(83,056	)

(1) Gross carrying value amounts are charged off as cost of sales upon delivery of condo units.

(2) Includes $11.8 million of encumbrances from repurchase agreements.

(3) The aggregate cost for U.S. federal income tax purposes is $872.9 million at December 31, 2015.

Reconciliation of Real Estate:

The following table reconciles real estate from December 31, 2014 to December 31, 2015 ($ in thousands):

	Total Real Estate			Commercial Real Estate			Residential Real Estate
Balance at December 31, 2014	$	819,591		$	697,965		$	121,626
Improvements and additions	232,582			230,915			1,667
Acquisitions through foreclosures	6,706			6,706			—
Dispositions	(141,044		)	(93,446		)	(47,598		)
Impairments	—			—			—
Balance at December 31, 2015	$	917,835		$	842,140		$	75,695

The following table reconciles real estate from December 31, 2013 to December 31, 2014 ($ in thousands):

	Total Real Estate			Commercial Real Estate			Residential Real Estate
Balance at December 31, 2013	$	649,820		$	474,465		$	175,355
Improvements and additions	267,367			267,367			—
Acquisitions through foreclosures	—			—			—
Dispositions	(97,596		)	(43,867		)	(53,729		)
Impairments	—			—			—
Balance at December 31, 2014	$	819,591		$	697,965		$	121,626

The following table reconciles real estate from December 31, 2012 to December 31, 2013 ($ in thousands):

	Total Real Estate			Commercial Real Estate		Residential Real Estate
Balance at December 31, 2012	$	384,082		$	265,082	$	119,000
Improvements and additions	289,383			209,383		80,000
Acquisitions through foreclosures	—			—		—
Dispositions	(23,645		)	—		(23,645		)
Impairments	—			—		—
Balance at December 31, 2013	$	649,820		$	474,465	$	175,355

Reconciliation of Accumulated Depreciation and Amortization:

The following table reconciles accumulated depreciation and amortization from December 31, 2014 to December 31, 2015 ($ in thousands):

	Total Real Estate			Commercial Real Estate			Residential Real Estate
Balance at December 31, 2014	$	50,605		$	45,856		$	4,749
Additions	40,490			38,213			2,277
Dispositions	(8,039		)	(5,693		)	(2,346		)
Balance at December 31, 2015	$	83,056		$	78,376		$	4,680

The following table reconciles accumulated depreciation and amortization from December 31, 2013 to December 31, 2014 ($ in thousands):

	Total Real Estate			Commercial Real Estate			Residential Real Estate
Balance at December 31, 2013	$	25,601		$	23,061		$	2,540
Additions	28,916			25,212			3,704
Dispositions	(3,912		)	(2,417		)	(1,495		)
Balance at December 31, 2014	$	50,605		$	45,856		$	4,749

The following table reconciles accumulated depreciation and amortization from December 31, 2012 to December 31, 2013 ($ in thousands):

	Total Real Estate			Commercial Real Estate		Residential Real Estate
Balance at December 31, 2012	$	4,061		$	4,061	$	—
Additions	21,821			19,000		2,821
Dispositions	(281		)	—		(281		)
Balance at December 31, 2013	$	25,601		$	23,061	$	2,540