SCHEDULE III-REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2019

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

SCHEDULE III-REAL ESTATE AND ACCUMULATED DEPRECIATION

SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATION

	# of Buildings	Debt		Initial Cost to Company						Costs Capitalized or Adjustments Subsequent to Acquisition		Gross Amount Carried as of December 31, 2019 (2)						Accumulated Depreciation and Amortization (3)			Acquisition Date	Depreciable Life (Years)
($ in thousands)				Land		Buildings and Improvements (1)		Total Costs				Land		Buildings and Improvements (1)		Total Costs (3)
Consolidated Industrial Properties:
Ontario Industrial Center in Ontario, CA	1	$	—	$	5,225	$	5,370	$	10,595	$	631	$	5,225	$	6,001	$	11,226	$	(824	)	2/26/2018	1-20
Medley Industrial Center in Medley, FL	1	—		2,864		4,559		7,423		185		2,864		4,744		7,608		(412		)	4/11/2018	1-30
Ontario Distribution Center in Ontario, CA	1	—		14,657		16,101		30,758		74		14,657		16,175		30,832		(1,920		)	5/17/2018	1-20
Park 429 Logistics Center in Ocoee, FL	2	—		7,963		36,919		44,882		277		7,963		37,196		45,159		(1,986		)	6/7/2018	1-40
Pescadero Distribution Center in Tracy, CA	1	—		5,602		40,021		45,623		59		5,602		40,080		45,682		(2,438		)	6/20/2018	1-40
Gothard Industrial Center in Huntington Beach, CA	1	—		5,325		4,771		10,096		45		5,325		4,816		10,141		(467		)	6/25/2018	1-20
Midway Industrial Center in Odenton, MD	1	—		4,579		3,548		8,127		269		4,579		3,817		8,396		(564		)	10/22/2018	1-20
Executive Airport Distribution Center in Henderson, NV	1	—		10,360		40,710		51,070		190		10,360		40,900		51,260		(2,145		)	11/20/2018	1-40
Iron Run Distribution Center in Allentown, PA	1	—		5,483		10,039		15,522		156		5,483		10,195		15,678		(692		)	12/04/2018	1-20
Elgin Distribution Center in Elgin, IL	1	—		4,032		16,951		20,983		50		4,032		17,001		21,033		(568		)	12/11/2018	1-40
Addison Distribution Center II in Addison, IL	1	—		4,439		8,009		12,448		24		4,439		8,033		12,472		(558		)	12/21/2018	1-30
Fontana Distribution Center in Fontana, CA	1	—		20,558		21,943		42,501		101		20,558		22,044		42,602		(2,116		)	12/28/2018	1-20
Airport Industrial Center in Ontario, CA	1	—		4,085		4,051		8,136		87		4,085		4,138		8,223		(400		)	01/08/2019	1-20
Kelly Trade Center in Austin, TX	1	—		2,686		12,654		15,340		55		2,686		12,709		15,395		(803		)	01/31/2019	1-30
7A Distribution Center in Robbinsville, NJ	1	—		4,874		7,277		12,151		135		4,874		7,412		12,286		(600		)	02/11/2019	1-20
Quakerbridge Distribution Center in Hamilton, NJ	1	—		2,334		6,260		8,594		58		2,334		6,318		8,652		(212		)	03/11/2019	1-40
Hebron Airpark Logistics Center in Hebron, KY	1	—		2,228		9,572		11,800		4		2,228		9,576		11,804		(324		)	05/30/2019	1-40
Las Vegas Light Industrial Portfolio in Las Vegas, NV	4	—		19,872		39,399		59,271		199		19,872		39,598		59,470		(1,731		)	05/30/2019	1-30
Monte Vista Industrial Center in Chino, CA	1	—		7,947		7,592		15,539		237		7,947		7,829		15,776		(472		)	06/07/2019	1-20
King of Prussia Core Infill Portfolio in King of Prussia, PA	5	—		14,791		17,187		31,978		319		14,791		17,506		32,297		(880		)	06/21/2019	1-20
Dallas Infill Industrial Portfolio in Arlington, TX	3	38,000		17,159		74,981		92,140		330		17,159		75,311		92,470		(2,466		)	06/28/2019	1-30
Dallas Infill Industrial Portfolio in Garland, TX	2	11,250		3,545		20,370		23,915		—		3,545		20,370		23,915		(427		)	06/28/2019	1-40
Edison Distribution Center in Edison, NJ	1	—		11,519		16,079		27,598		—		11,519		16,079		27,598		(547		)	06/28/2019	1-20
395 Distribution Center in Reno, NV	2	—		8,904		45,114		54,018		32		8,904		45,146		54,050		(763		)	08/05/2019	1-40
I-80 Distribution Center in Reno, NV	4	—		18,742		53,267		72,009		298		18,742		53,565		72,307		(925		)	09/04/2019	1-40
Avenue B Industrial Center in Bethlehem, PA	1	—		2,461		4,652		7,113		38		2,461		4,690		7,151		(123		)	09/11/2019	1-20
485 Distribution Center in Shiremanstown, PA	1	—		8,427		34,632		43,059		136		8,427		34,768		43,195		(490		)	09/13/2019	1-40
Weston Business Center in Weston, FL	1	—		15,661		16,750		32,411		51		15,661		16,801		32,462		(67		)	12/10/2019	1-20
Marigold Distribution Center in Redlands, CA	1	—		17,230		22,505		39,735		23		17,230		22,528		39,758		(63		)	12/20/2019	1-30
Bishops Gate Distribution Center in Mount Laurel, NJ	1	—		8,068		24,158		32,226		46		8,068		24,204		32,272		(5		)	12/31/2019	1-20
Total	45	$	49,250	$	261,620	$	625,441	$	887,061	$	4,109	$	261,620	$	629,550	$	891,170	$	(25,988	)

(1) Includes gross intangible lease assets of $77.3 million and gross intangible lease liabilities of $13.2 million.

(2) As of December 31, 2019, the aggregate cost for federal income tax purposes of investments in property was $890.3 million (unaudited).

(3) A summary of activity for investment in real estate properties is as follows:

(in thousands)	2019			2018
Investment in real estate properties:
Balance at beginning of period	$	300,713		$	—
Acquisition of properties	587,033			300,028
Improvements	3,424			685
Balance at end of period	$	891,170		$	300,713
Accumulated depreciation and amortization:
Balance at beginning of period	$	(3,556	)	$	—
Additions charged to costs and expenses	(22,432		)	(3,556		)
Balance at end of period	$	(25,988	)	$	(3,556	)