Schedule III Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2021

Real Estate And Accumulated Depreciation Disclosure [Abstract]

Schedule III Real Estate and Accumulated Depreciation

Schedule III – Real Estate and Accumulated Depreciation as of December 31, 2021 ($ in thousands)

					Initial Cost					Costs Capitalized Subsequent to Acquisition						Gross Amounts at which Carried at the Close of Period⁽²⁾
Description	Location	Encumbrances		Land and Land Improvements			Building and Building Improvements		Land and Land Improvements			Building and Building Improvements			Land and Land Improvements			Building and Building Improvements		Total		Accumulated Depreciation			Year Built	Year Acquired	Depreciable Lives⁽¹⁾
Multifamily properties:
Phoenix Property	Mesa, AZ	$	32,239	$		9,472	$	35,909	$		155	$	640		$		9,627	$	36,549	$	46,176	$	(5,106	)	1997	2019	(1)
Savannah Property	Savannah, GA		25,412			3,671		31,351			180		174				3,851		31,525		35,376		(3,832	)	2017	2019	(1)
Florida Multifamily Portfolio
Lindsey Terrance	Jacksonville, FL		20,948			6,828		20,356			198		812				7,026		21,168		28,194		(3,125	)	2002	2019	(1)
Grande Court	Jacksonville, FL		15,474			4,746		17,564			187		408				4,933		17,972		22,905		(2,284	)	2002	2019	(1)
Noah's Landing	Naples FL		16,889			6,517		17,121			121		482				6,638		17,603		24,241		(2,270	)	2002	2019	(1)
Tuscan Isle	Naples FL		19,157			7,528		19,904			137		676				7,665		20,580		28,245		(2,737	)	2001	2019	(1)
Concord Park Apartments	Fort Meade, MD		61,810			20,082		67,141			172		858				20,254		67,999		88,253		(5,435	)	2005	2019	(1)
Columbus Multifamily Portfolio
80 on the Commons	Columbus, OH		17,991			1,723		29,200			30		—				1,753		29,200		30,953		(1,646	)	2018	2019	(1)
Gramercy	Columbus, OH		35,903			12,065		35,270			69		—				12,134		35,270		47,404		(2,865	)	2013	2019	(1)
250 High	Columbus, OH		19,836			1,440		27,818			—		—				1,440		27,818		29,258		(1,508	)	2015	2019	(1)
600 Goodale	Columbus, OH		26,270			2,537		29,176			159		—				2,696		29,176		31,872		(1,679	)	2013	2019	(1)
801 Polaris	Columbus, OH		33,109			2,930		39,135			844		(834	)			3,774		38,301		42,075		(2,193	)	2015	2019	(1)
Cascades Apartments	Charlotte, NC		72,195			12,711		92,689			267		244				12,978		92,933		105,911		(5,683	)	2009/2012	2019	(1)
Thornton Apartments	Alexandria, VA		118,151			30,472		145,504			86		28				30,558		145,532		176,090		(8,139	)	2018	2019	(1)
Exchange on Erwin	Durham, NC		50,542			18,313		54,839			19		79				18,332		54,918		73,250		(3,777	)	2018	2019	(1)
The Griffin	Scottsdale, AZ		64,686			17,614		74,940			80		152				17,694		75,092		92,786		(4,601	)	2018	2019	(1)
Avida Apartments	Salt Lake City, UT		56,355			8,018		73,763			393		411				8,411		74,174		82,585		(4,676	)	2012	2019	(1)
Highlands Portfolio
Graham Park	Columbus, OH		23,124			3,440		27,150			9		—				3,449		27,150		30,599		(1,190	)	2019	2020	(1)
Luxe	Columbus, OH		23,972			2,170		30,051			5		1				2,175		30,052		32,227		(1,165	)	2019	2020	(1)
Harper House	Columbus, OH		25,465			3,285		30,573			1		—				3,286		30,573		33,859		(1,237	)	2019	2020	(1)
The Baxter Decatur	Atlanta, GA		53,462			8,603		69,963			82		78				8,685		70,041		78,726		(2,951	)	2019	2020	(1)
Kalina Way	Salt Lake City, UT		57,928			7,101		74,739			10		55				7,111		74,794		81,905		(2,764	)	2017	2020	(1)
Acadia Apartments	Ashburn, VA		134,338			18,337		168,734			169		1,235				18,506		169,969		188,475		(5,634	)	1999	2020	(1)
Southeast Affordable Housing Portfolio
Arboretum Place	Newport News, VA		14,663			4,339		15,528			13		310				4,352		15,838		20,190		(1,095	)	1995	2020	(1)
Courtney Manor	Jacksonville, FL		26,163			9,049		25,981			76		432				9,125		26,413		35,538		(1,717	)	2000	2020	(1)
Creekside at Bellemeade	High Point, NC		4,640			2,031		4,415			52		62				2,083		4,477		6,560		(571	)	1999	2020	(1)
Falcon Trace	Orlando, FL		38,926			9,022		41,818			128		404				9,150		42,222		51,372		(2,735	)	1999	2020	(1)
Hatteras Sound	Sanford, FL		24,859			5,354		27,465			70		125				5,424		27,590		33,014		(1,482	)	2001	2020	(1)
Las Villas de Kino I	Tucson, AZ		18,108			6,561		16,745			50		442				6,611		17,187		23,798		(1,286	)	1999	2020	(1)
Las Villas de Kino II	Tucson, AZ		8,147			2,952		7,533			29		423				2,981		7,956		10,937		(586	)	1999	2020	(1)
Lexington Club	Vero Beach, FL		14,738			2,972		19,583			93		193				3,065		19,776		22,841		(1,412	)	1999	2020	(1)
Madelyn Oaks	Jacksonville, FL		27,394			8,881		28,528			27		362				8,908		28,890		37,798		(1,876	)	2002	2020	(1)
Oak Crest	Kannapolis, NC		9,373			2,137		10,411			188		258				2,325		10,669		12,994		(841	)	1999	2020	(1)
Overlook at Simms Creek	Raleigh, NC		25,691			7,189		23,030			73		313				7,262		23,343		30,605		(1,847	)	2002	2020	(1)
Parkside Royal Poinciana	West Palm Beach, FL		10,045			4,624		8,889			120		301				4,744		9,190		13,934		(813	)	1996	2020	(1)
Patriots Pointe	Concord, NC		7,760			1,564		7,904			135		65				1,699		7,969		9,668		(603	)	2000	2020	(1)
Ponce Harbor	St. Augustine, FL		15,601			3,294		18,870			62		113				3,356		18,983		22,339		(951	)	2002	2020	(1)
Reserves at Arboretum	Newport News, VA		18,750			3,449		25,920			13		197				3,462		26,117		29,579		(1,623	)	2009	2020	(1)
River Reach	Orlando, FL		33,525			10,491		33,546			139		393				10,630		33,939		44,569		(2,434	)	1996	2020	(1)
Riverwalk	Brighton, CO		19,015			3,280		20,932			123		184				3,403		21,116		24,519		(1,373	)	1998	2020	(1)
Silver Hill	Newport News, VA		9,920			3,381		9,549			—		202				3,381		9,751		13,132		(640	)	1995	2020	(1)
Spinnaker Reach	Jacksonville, FL		28,485			6,248		35,599			67		608				6,315		36,207		42,522		(2,336	)	1999	2020	(1)
Stone Creek	Mooresville, NC		8,364			1,844		7,492			67		220				1,911		7,712		9,623		(633	)	1997	2020	(1)
Villa Biscayne	Homestead, FL		20,339			4,575		23,600			51		187				4,626		23,787		28,413		(1,614	)	1995	2020	(1)
Vista Haven	Sanford, FL		40,994			9,562		47,788			118		314				9,680		48,102		57,782		(3,248	)	2001	2020	(1)
Willow Ridge	Greensboro, NC		5,200			2,157		4,656			34		68				2,191		4,724		6,915		(458	)	1999	2020	(1)

					Initial Cost					Costs Capitalized Subsequent to Acquisition					Gross Amounts at which Carried at the Close of Period⁽²⁾
Description	Location	Encumbrances		Land and Land Improvements			Building and Building Improvements		Land and Land Improvements			Building and Building Improvements		Land and Land Improvements			Building and Building Improvements		Total		Accumulated Depreciation			Year Built	Year Acquired	Depreciable Lives⁽¹⁾
Mid-Atlantic Affordable Housing Portfolio
Autumn Ridge	Memphis, TN		7,547			2,591		7,180			42		118			2,633		7,298		9,931		(368	)	1997	2020	(1)
Autumn Wind	Winchester, VA		9,840			2,724		10,005			32		72			2,756		10,077		12,833		(543	)	1999	2020	(1)
Bridgeport	Hampton, VA		17,130			4,285		18,075			7		169			4,292		18,244		22,536		(799	)	1998	2020	(1)
Cascade Village	Holland, MI		13,680			3,389		14,530			37		159			3,426		14,689		18,115		(704	)	2000	2020	(1)
Chestnut Ridge I	Harrisonburg, VA		7,920			2,694		7,540			54		65			2,748		7,605		10,353		(425	)	1998	2020	(1)
Chestnut Ridge II	Harrisonburg, VA		3,840			1,328		3,682			10		41			1,338		3,723		5,061		(213	)	1999	2020	(1)
Columbia Hills	Columbia, TN		9,740			2,871		9,816			91		321			2,962		10,137		13,099		(527	)	1997	2020	(1)
Crestview	Fredericksburg, VA		26,720			4,358		30,470			47		156			4,405		30,626		35,031		(1,313	)	1999	2020	(1)
Dominion Pines	Chesapeake, VA		11,755			2,896		12,516			—		160			2,896		12,676		15,572		(565	)	1994	2020	(1)
Falcon Pointe	Rosenberg, TX		9,440			1,876		10,461			13		123			1,889		10,584		12,473		(536	)	1998	2020	(1)
Foxridge	Durham, NC		10,333			2,524		10,986			3		90			2,527		11,076		13,603		(539	)	1998	2020	(1)
Genito Glen	Midlothian, VA		10,960			2,703		11,559			52		43			2,755		11,602		14,357		(555	)	1998	2020	(1)
Kings Ridge	Newport News, VA		15,572			4,729		15,539			122		191			4,851		15,730		20,581		(789	)	1996	2020	(1)
Las Villas de Leon	San Antonio, TX		7,560			2,347		7,458			59		175			2,406		7,633		10,039		(408	)	2000	2020	(1)
Landing at Markhams Grant I	Woodbridge, VA		12,556			1,827		14,664			24		59			1,851		14,723		16,574		(626	)	1998	2020	(1)
Landing at Markhams Grant II	Woodbridge, VA		18,107			3,198		20,424			38		82			3,236		20,506		23,742		(897	)	2000	2020	(1)
Landing at Markhams Grant III	Woodbridge, VA		24,580			3,592		28,539			24		131			3,616		28,670		32,286		(1,149	)	2002	2020	(1)
Ocean Gate	Virginia Beach, VA		20,080			4,347		21,957			31		148			4,378		22,105		26,483		(966	)	1997	2020	(1)
Parkview	Huntersville, NC		11,191			1,876		12,739			12		21			1,888		12,760		14,648		(551	)	1996	2020	(1)
River Birch	Raleigh, NC		19,411			4,168		21,150			19		137			4,187		21,287		25,474		(891	)	1996	2020	(1)
River Park Place	Vero Beach, FL		8,538			2,661		8,425			30		109			2,691		8,534		11,225		(442	)	1998	2020	(1)
Soldiers Ridge	Manassas, VA		20,092			2,746		23,544			13		112			2,759		23,656		26,415		(940	)	1996	2020	(1)
South Main	Manassas, VA		11,241			2,001		12,687			38		49			2,039		12,736		14,775		(560	)	1999	2020	(1)
Sterling Crest	Saginaw, MI		8,800			4,176		7,229			55		93			4,231		7,322		11,553		(458	)	1999	2020	(1)
Stonegate	Stafford, VA		28,880			3,963		33,721			43		88			4,006		33,809		37,815		(1,342	)	1998	2020	(1)
Woodbridge	Chesapeake, VA		15,125			3,571		16,250			11		124			3,582		16,374		19,956		(695	)	1994	2020	(1)
Woodburn I	Manassas, VA		24,112			3,365		28,215			13		105			3,378		28,320		31,698		(1,159	)	1998	2020	(1)
Woodburn II	Manassas, VA		15,250			2,525		17,409			36		55			2,561		17,464		20,025		(739	)	1998	2020	(1)
Florida Affordable Housing Portfolio II
Leigh Meadows	Jacksonville, FL		24,172			4,743		26,758			87		2,890			4,830		29,648		34,478		(1,189	)	1997	2020	(1)
Holly Cove	Jacksonville, FL		20,619			3,854		23,149			15		2,100			3,869		25,249		29,118		(1,073	)	1996	2020	(1)
Thomas Chase	Jacksonville, FL		24,203			4,307		27,346			80		2,399			4,387		29,745		34,132		(1,171	)	2004	2020	(1)
Camri Green	Jacksonville, FL		16,846			3,695		18,200			52		1,641			3,747		19,841		23,588		(895	)	2004	2020	(1)
Southeast Affordable Housing Portfolio II
Culpeper Commons	Culpeper, VA		12,483			4,058		13,749			—		48			4,058		13,797		17,855		(436	)	1998	2021	(1)
England Run	Fredericksburg, VA		18,812			3,857		23,614			5		78			3,862		23,692		27,554		(579	)	2001	2021	(1)
Glen Creek	Elkton, MD		15,263			5,985		16,353			47		27			6,032		16,380		22,412		(545	)	2002	2021	(1)
Glen Ridge	Woodbridge, VA		21,667			4,159		27,218			16		111			4,175		27,329		31,504		(603	)	1996	2021	(1)
Grande Court Boggy	Kissimmee, FL		34,904			9,361		41,265			21		84			9,382		41,349		50,731		(983	)	2003	2021	(1)
Magnolia Creste	Dallas, GA		16,438			2,650		21,475			7		26			2,657		21,501		24,158		(537	)	2001	2021	(1)
Magnolia Village	Lawrenceville, GA		15,783			5,107		16,645			18		35			5,125		16,680		21,805		(531	)	2002	2021	(1)

					Initial Cost					Costs Capitalized Subsequent to Acquisition					Gross Amounts at which Carried at the Close of Period⁽²⁾
Description	Location	Encumbrances		Land and Land Improvements			Building and Building Improvements		Land and Land Improvements			Building and Building Improvements		Land and Land Improvements			Building and Building Improvements		Total		Accumulated Depreciation			Year Built	Year Acquired	Depreciable Lives⁽¹⁾
Park Ridge I	Stafford, VA		20,255			2,950		20,536			—		42			2,950		20,578		23,528		(462	)	1998	2021	(1)
Park Ridge II	Stafford, VA		—			828		5,153			—		18			828		5,171		5,999		(125	)	1999	2021	(1)
Rocky Creek	Greenville, SC		14,395			3,030		17,079			9		39			3,039		17,118		20,157		(449	)	2006	2021	(1)
Azalea Multifamily Portfolio
6162	Dallas, TX		35,630			5,422		56,079			—		—			5,422		56,079		61,501		(793	)	2014	2021	(1)
Afton Ridge	Concord, NC		46,500			9,516		62,919			—		—			9,516		62,919		72,435		(996	)	2015	2021	(1)
Ariva	Lakeland, FL		51,899			9,846		57,063			6		242			9,852		57,305		67,157		(1,028	)	2017	2021	(1)
Autumn Wood	Murfreesboro, TN		42,490			6,114		54,974			—		—			6,114		54,974		61,088		(895	)	2016	2021	(1)
Clearbrook	Frederick, MD		62,090			12,564		51,451			13		6			12,577		51,457		64,034		(789	)	2006	2021	(1)
Crosstown	Tampa, FL		58,695			8,066		65,753			—		9			8,066		65,762		73,828		(1,041	)	2013	2021	(1)
Gwinnett Stadium	Lawrenceville, GA		41,090			5,199		48,131			41		—			5,240		48,131		53,371		(599	)	2013	2021	(1)
Lake Highlands	Dallas, TX		48,510			7,609		69,591			—		—			7,609		69,591		77,200		(1,021	)	2014	2021	(1)
Lakehouse	Plant City, FL		16,940			3,334		23,339			—		32			3,334		23,371		26,705		(390	)	2015	2021	(1)
Luxe	Aubrey, TX		52,290			10,084		78,835			5		—			10,089		78,835		88,924		(1,221	)	2017	2021	(1)
Millenia	Orlando, FL		36,890			6,305		47,647			23		—			6,328		47,647		53,975		(737	)	2016	2021	(1)
Park Place	Morrisville, NC		52,920			9,295		57,281			—		—			9,295		57,281		66,576		(944	)	2016	2021	(1)
Stone Hill	Pflugerville, TX		48,790			11,186		67,934			—		36			11,186		67,970		79,156		(1,019	)	2017	2021	(1)
Stone Hill Two	Pflugerville, TX		58,800			13,420		74,941			—		—			13,420		74,941		88,361		(1,169	)	2013	2021	(1)
Thorton Park	Jacksonville, FL		66,616			9,950		91,924			5		101			9,955		92,025		101,980		(1,375	)	2007	2021	(1)
Travesia	Austin, TX		75,460			13,787		79,703			—		—			13,787		79,703		93,490		(1,224	)	2017	2021	(1)
Victoria Grand	Tallahassee, FL		47,390			7,002		61,768			—		—			7,002		61,768		68,770		(967	)	2008	2021	(1)
Keystone Castle Hills	Dallas, TX		76,513			23,122		99,118			72		370			23,194		99,488		122,682		(2,071	)	1992	2021	(1)
Greater Boston Affordable Portfolio
Chestnut Farms	Boston, MA		48,748			17,400		50,444			—		—			17,400		50,444		67,844		(432	)	2004	2021	(1)
Franklin Commons	Boston, MA		18,302			7,326		17,134			—		—			7,326		17,134		24,460		(213	)	2003	2021	(1)
Parkway Heights	Boston, MA		16,627			5,185		16,959			—		13			5,185		16,972		22,157		(162	)	2006	2021	(1)
Quail Run	Boston, MA		26,579			9,229		27,923			—		4			9,229		27,927		37,156		(302	)	2006	2021	(1)
The Preserve at Walpole	Boston, MA		33,378			21,173		64,389			—		—			21,173		64,389		85,562		(523	)	2005	2021	(1)
Columbus Preferred Portfolio
5188 Baxter Park	Westerville, OH		21,700			6,795		23,058			—		—			6,795		23,058		29,853		(203	)	2021	2021	(1)
1025 Luxe Avenue	Columbus, OH		45,500			7,955		43,178			—		—			7,955		43,178		51,133		(340	)	2021	2021	(1)
The Palmer Dadeland	Miami, FL		259,800			56,854		304,585			—		6			56,854		304,591		361,445		(2,913	)	2020	2021	(1)
Seven Springs Apartments	Burlington, MA		117,110			27,104		164,679			—		12			27,104		164,691		191,795		(1,445	)	2020	2021	(1)
Maison's Landing	Salt Lake City, UT		102,120			14,890		152,592			3		16			14,893		152,608		167,501		(1,454	)	1997	2021	(1)
Sawyer Flats	Gaithersburg, MD		144,060			32,701		168,846			—		37			32,701		168,883		201,584		(1,145	)	1990	2021	(1)
Florida Affordable Housing Portfolio III
Cedar Forest	Tampa, FL		24,810			7,652		36,361			—		5			7,652		36,366		44,018		(179	)	1997	2021	(1)
Charleston Place	Holly Hill, FL		17,520			5,930		21,309			—		2			5,930		21,311		27,241		(115	)	2002	2021	(1)
Club at Sugar Mill	Port Orange, FL		14,260			4,449		15,946			—		1			4,449		15,947		20,396		(86	)	2000	2021	(1)
Gardens at Rose Harbor	Tampa, FL		16,680			5,659		21,524			—		—			5,659		21,524		27,183		(105	)	2003	2021	(1)
Nantucket Bay	Temple Terrace, FL		15,150			6,364		18,782			—		1			6,364		18,783		25,147		(98	)	1999	2021	(1)
Savannah Bay	Tarpon Springs, FL		12,610			5,374		9,640			—		1			5,374		9,641		15,015		(65	)	2004	2021	(1)
Villas at Newport Landing	Tampa, FL		14,260			4,737		17,754			—		—			4,737		17,754		22,491		(92	)	2001	2021	(1)
Williams Landing	Tampa, FL		12,110			5,232		14,576			—		3			5,232		14,579		19,811		(78	)	2000	2021	(1)
Williams Villas	Tampa, FL		5,750			2,996		6,417			—		—			2,996		6,417		9,413		(39	)	2002	2021	(1)
Brookwood Forest	Jacksonville, FL		23,560			4,250		35,025			—		3			4,250		35,028		39,278		(154	)	2006	2021	(1)

					Initial Cost					Costs Capitalized Subsequent to Acquisition					Gross Amounts at which Carried at the Close of Period⁽²⁾
Description	Location	Encumbrances		Land and Land Improvements			Building and Building Improvements		Land and Land Improvements			Building and Building Improvements		Land and Land Improvements			Building and Building Improvements		Total		Accumulated Depreciation			Year Built	Year Acquired	Depreciable Lives⁽¹⁾
Cambridge Cove	Lakeland, FL		29,180			4,688		42,497			—		3			4,688		42,500		47,188		(188	)	2002	2021	(1)
Enclave on Woodbridge	Fernandina Beach, FL		25,690			6,407		36,228			—		—			6,407		36,228		42,635		(178	)	2005	2021	(1)
Kathleen Pointe	Lakeland, FL		7,900			2,424		15,304			—		—			2,424		15,304		17,728		(74	)	2007	2021	(1)
Nantucket Cove	Springhill, FL		15,800			4,592		20,167			—		—			4,592		20,167		24,759		(106	)	2006	2021	(1)
Preserve on 51st	Bradenton, FL		35,240			9,401		46,158			—		2			9,401		46,160		55,561		(230	)	2005	2021	(1)
Venue at Lockwood	Bradenton, FL		40,050			11,559		54,891			—		—			11,559		54,891		66,450		(273	)	2002	2021	(1)
Raleigh Multifamily Portfolio
3201 Walnut Creek Parkway	Raleigh, NC		84,534			16,288		109,108			—		15			16,288		109,123		125,411		(407	)	1985	2021	(1)
2600 Harvest Creek Place	Cary, NC		62,425			16,094		77,575			—		24			16,094		77,599		93,693		(305	)	2000	2021	(1)
1000 Henrico Lane	Morrisville, NC		65,677			12,383		86,037			—		22			12,383		86,059		98,442		(344	)	2000	2021	(1)
5140 Copper Ridge Drive	Durham, NC		41,617			8,733		53,561			—		5			8,733		53,566		62,299		(220	)	1996	2021	(1)
100-1700 Lake Front Drive	Raleigh, NC		65,027			14,875		81,696			—		20			14,875		81,716		96,591		(335	)	1986	2021	(1)
3004 Dorner Circle	Raleigh, NC		48,120			9,328		62,187			—		9			9,328		62,196		71,524		(227	)	1982	2021	(1)
Carroll South Florida
Bella Vista	Boca Raton, FL		90,836			13,144		125,094			—		—			13,144		125,094		138,238		(393	)	1986	2021	(1)
Centro Sunforest	Davie, FL		114,422			25,015		152,738			—		297			25,015		153,035		178,050		(493	)	1989	2021	(1)
Stonybrook	Boynton Beach, FL		61,142			12,346		81,036			—		—			12,346		81,036		93,382		(227	)	2001	2021	(1)
SEG Multifamily Portfolio
Alta Mill Apartments	Austell, GA		63,100			13,213		82,343			—		—			13,213		82,343		95,556		(298	)	2000	2021	(1)
Arnada Pointe	Vancouver, WA		30,600			7,127		45,385			—		—			7,127		45,385		52,512		(164	)	1995	2021	(1)
Ashmore Bridge Estates Apartments	Mauldin, SC		27,400			5,548		42,280			—		—			5,548		42,280		47,828		(149	)	1997	2021	(1)
Audubon Park Apartments	Hanahan, SC		26,200			5,397		33,706			—		—			5,397		33,706		39,103		(123	)	1991	2021	(1)
Bradford Place Apartments	Warner Robins, GA		22,300			4,687		29,271			—		—			4,687		29,271		33,958		(106	)	1997	2021	(1)
Brandemere	Salem, NC		24,600			5,274		32,967			—		—			5,274		32,967		38,241		(119	)	1983	2021	(1)
Brook Valley Apartments	Douglasville, GA		23,000			4,837		30,158			—		—			4,837		30,158		34,995		(110	)	1990	2021	(1)
Brookmont	Waldorf, MD		12,800			3,102		19,366			—		—			3,102		19,366		22,468		(70	)	1977	2021	(1)
Cascadia Pointe	Everett, WA		18,900			4,584		28,975			—		—			4,584		28,975		33,559		(105	)	1990	2021	(1)
Cherrywood Village	Parker, CO		72,400			16,807		125,363			—		—			16,807		125,363		142,170		(444	)	2001	2021	(1)
Coachman's Landing	Waldorf, MD		15,900			3,594		22,471			—		—			3,594		22,471		26,065		(82	)	1989	2021	(1)
Crossland	Waldorf, MD		12,000			2,815		17,592			—		—			2,815		17,592		20,407		(64	)	1978	2021	(1)
Cypress Pointe Apartments	Wilmington, NC		19,400			4,045		25,280			—		—			4,045		25,280		29,325		(91	)	1985	2021	(1)
Durant at Sugarloaf Apartments	Lawrenceville, GA		40,000			8,390		52,333			—		2			8,390		52,335		60,725		(190	)	2000	2021	(1)
Eagle Point Apartments	Knoxville, TN		62,000			13,076		151,382			—		—			13,076		151,382		164,458		(513	)	1985	2021	(1)
Eastchester Ridge	High Point, NC		12,900			2,746		17,149			—		—			2,746		17,149		19,895		(62	)	1980	2021	(1)
Estate on Quarry Lake Apartments	Austin, TX		45,500			9,565		59,725			—		—			9,565		59,725		69,290		(216	)	1995	2021	(1)
Estates at Bellwood Apartments	Greenville, SC		15,300			3,266		20,401			—		—			3,266		20,401		23,667		(74	)	1992	2021	(1)
Falls at Sope Creek	Marietta, GA		60,300			12,667		78,943			—		—			12,667		78,943		91,610		(287	)	1982	2021	(1)
Forest Ridge Apartments	Knoxville, TN		76,800			16,055		185,975			—		—			16,055		185,975		202,030		(630	)	1996	2021	(1)
Fox Chase	Waldorf, MD		21,700			5,630		35,037			—		—			5,630		35,037		40,667		(128	)	1986	2021	(1)
Fox Hollow	High Point, NC		14,100			3,102		19,366			—		—			3,102		19,366		22,468		(70	)	1986	2021	(1)
Fulton's Crossing	Everett, WA		80,800			17,927		112,945			—		—			17,927		112,945		130,872		(409	)	1986	2021	(1)
Galleria Park Apartments	Warner Robins, GA		16,700			3,484		21,732			—		—			3,484		21,732		25,216		(78	)	1995	2021	(1)
Gio Apartments	Plano, TX		86,900			22,546		140,590			—		—			22,546		140,590		163,136		(510	)	1996	2021	(1)
Gleneagles	Waldorf, MD		35,800			7,665		47,750			—		—			7,665		47,750		55,415		(173	)	2009	2021	(1)
Grande Club Apartments	Duluth, GA		36,200			7,884		49,229			—		834			7,884		50,063		57,947		(179	)	1998	2021	(1)
Grande Oaks	Roswell, GA		44,600			9,373		58,394			—		—			9,373		58,394		67,767		(212	)	1996	2021	(1)

					Initial Cost					Costs Capitalized Subsequent to Acquisition					Gross Amounts at which Carried at the Close of Period⁽²⁾
Description	Location	Encumbrances		Land and Land Improvements			Building and Building Improvements		Land and Land Improvements			Building and Building Improvements		Land and Land Improvements			Building and Building Improvements		Total		Accumulated Depreciation			Year Built	Year Acquired	Depreciable Lives⁽¹⁾
Grove Veridian	Spartanburg, NC		12,100			2,555		15,966			—		464			2,555		16,430		18,985		(58	)	1998	2021	(1)
Hunter's Run	Waldorf, MD		13,600			3,238		20,253			—		—			3,238		20,253		23,491		(74	)	1985	2021	(1)
Icon on the Greenway	Gastonia, NC		24,800			5,110		31,932			—		—			5,110		31,932		37,042		(116	)	1998	2021	(1)
Lee's Crossing	La Grange, GA		28,800			6,053		37,698			—		—			6,053		37,698		43,751		(137	)	1991	2021	(1)
Links at Gleneagles	Waldorf, MD		38,500			8,308		51,742			—		—			8,308		51,742		60,050		(188	)	2015	2021	(1)
Lodge at Mallard Creek	Charlotte, NC		35,600			7,816		48,785			—		—			7,816		48,785		56,601		(177	)	1999	2021	(1)
Mirabella	Everett, WA		20,400			4,826		30,454			—		—			4,826		30,454		35,280		(110	)	1989	2021	(1)
New Forest	Waldorf, MD		34,800			7,324		45,681			—		—			7,324		45,681		53,005		(166	)	1988	2021	(1)
Nickel Creek	Lynnwood, WA		33,300			8,062		50,855			—		—			8,062		50,855		58,917		(184	)	1986	2021	(1)
Nines Gleneagles	Waldorf, MD		20,200			4,154		25,871			—		—			4,154		25,871		30,025		(94	)	2011	2021	(1)
Northtown Village Apartments	Hixson, TN		17,500			3,621		41,985			—		—			3,621		41,985		45,606		(142	)	1986	2021	(1)
Northwood Apartments	Macon, GA		21,000			4,400		27,497			—		—			4,400		27,497		31,897		(99	)	1996	2021	(1)
One Midtown	Wilmington, NC		34,500			7,174		44,794			—		—			7,174		44,794		51,968		(163	)	2015	2021	(1)
Palm Club	Brunswick, GA		13,800			2,883		18,036			—		—			2,883		18,036		20,919		(65	)	1999	2021	(1)
Parkside at the Highlands	Savannah, GA		36,100			7,461		46,568			—		—			7,461		46,568		54,029		(169	)	2015	2021	(1)
Patriot Point	Spring Lake, NC		16,100			3,238		20,253			—		—			3,238		20,253		23,491		(74	)	1993	2021	(1)
Quad	Wilmington, NC		15,600			3,266		20,401			—		—			3,266		20,401		23,667		(74	)	1997	2021	(1)
Racquet Club	Lexington, KY		34,100			8,663		53,959			—		—			8,663		53,959		62,622		(195	)	2000	2021	(1)
Ranchstone	Parker, CO		74,700			17,012		126,989			—		—			17,012		126,989		144,001		(450	)	2001	2021	(1)
Retreat at Grande Lake	Brunswick, GA		22,100			4,646		28,975			—		—			4,646		28,975		33,621		(105	)	2001	2021	(1)
Retreat at Hidden Bay	St. Marys, GA		15,200			3,170		19,810			—		—			3,170		19,810		22,980		(71	)	1991	2021	(1)
Revival on Main	Kennesaw, GA		48,000			9,920		61,794			—		—			9,920		61,794		71,714		(225	)	2016	2021	(1)
Royal Oaks Apartments	Savannah, GA		21,900			4,482		36,219			—		—			4,482		36,219		40,701		(127	)	1977	2021	(1)
Saratoga	Everett, WA		17,600			4,239		26,610			—		—			4,239		26,610		30,849		(97	)	1990	2021	(1)
Sheffield Greens	Waldorf, MD		41,600			8,581		53,516			—		—			8,581		53,516		62,097		(194	)	2006	2021	(1)
Smoky Crossing Apartments	Seymour, TN		50,700			10,371		120,337			—		—			10,371		120,337		130,708		(407	)	1997	2021	(1)
Town Park Crossing Apartments	Kennesaw, GA		43,500			9,100		56,768			—		—			9,100		56,768		65,868		(206	)	1996	2021	(1)
Towne Creek	Gainesville, GA		15,800			3,307		20,549			—		—			3,307		20,549		23,856		(75	)	1989	2021	(1)
Village Lakes	Waldorf, MD		13,600			3,170		19,810			—		—			3,170		19,810		22,980		(71	)	1994	2021	(1)
Waterford Landing Apartments	Hermitage, TN		25,800			5,616		64,899			—		—			5,616		64,899		70,515		(219	)	1998	2021	(1)
Waterstone at Murietta Apartments	Murieta, CA		83,300			18,884		117,823			—		—			18,884		117,823		136,707		(428	)	1990	2021	(1)
Woodland Crossing Apartments	New Bern, NC		23,900			5,261		32,819			—		—			5,261		32,819		38,080		(119	)	1998	2021	(1)
Woodland Park Apartments	Greensboro, NC		15,000			3,484		27,201			—		—			3,484		27,201		30,685		(95	)	1984	2021	(1)
Wyndchase Bellevue Apartments	Nashville, TN		31,300			6,531		75,691			—		—			6,531		75,691		82,222		(256	)	1998	2021	(1)
National Affordable Housing Portfolio
Centre Court	Bradenton, FL		19,912			5,335		29,299			—		—			5,335		29,299		34,634		(36	)	2000	2021	(1)
Commander Place	Orlando, FL		26,215			5,713		31,374			—		—			5,713		31,374		37,087		(38	)	1996	2021	(1)
Pasco Woods	Wesley Chapel, FL		21,522			4,511		24,772			—		—			4,511		24,772		29,283		(31	)	2000	2021	(1)
Pemberly Palms	Vero Beach, FL		19,711			4,645		25,507			—		—			4,645		25,507		30,152		(31	)	1996	2021	(1)
Harris Branch	Austin, TX		37,444			7,048		51,379			—		—			7,048		51,379		58,427		(60	)	2007	2021	(1)
Park Place Loyola	Austin, TX		37,884			6,468		47,157			—		—			6,468		47,157		53,625		(56	)	2008	2021	(1)
Santoras Villas	Austin, TX		28,036			5,111		37,263			—		—			5,111		37,263		42,374		(44	)	2008	2021	(1)
Villas Shaver	Pasadena, TX		17,211			3,182		23,197			—		—			3,182		23,197		26,379		(27	)	2008	2021	(1)
Chelsea Commons	Greenacres, FL		34,145			12,348		44,910			—		—			12,348		44,910		57,258		(59	)	1999	2021	(1)
Colony Park	West Palm Beach, FL		19,407			6,626		24,101			—		—			6,626		24,101		30,727		(32	)	2002	2021	(1)
Forest Glen	Durham, NC		13,862			2,975		10,821			—		—			2,975		10,821		13,796		(14	)	2001	2021	(1)

						Initial Cost					Costs Capitalized Subsequent to Acquisition						Gross Amounts at which Carried at the Close of Period⁽²⁾
Description	Location		Encumbrances		Land and Land Improvements			Building and Building Improvements		Land and Land Improvements			Building and Building Improvements			Land and Land Improvements			Building and Building Improvements		Total		Accumulated Depreciation			Year Built	Year Acquired	Depreciable Lives⁽¹⁾
Grande Court Sarasota	North Port, FL			14,811			5,010		18,221			—		—				5,010		18,221		23,231		(24	)	2005	2021	(1)
Hampton Ridge Jax	Jacksonville, FL			8,536			2,476		9,005			—		—				2,476		9,005		11,481		(12	)	1990	2021	(1)
Mayflower Harbor	Lehi, UT			31,810			9,050		32,915			—		—				9,050		32,915		41,965		(44	)	1999	2021	(1)
Rose Cove SLC	Farmington, UT			16,051			4,649		16,909			—		—				4,649		16,909		21,558		(23	)	2002	2021	(1)
San Marcos Villas	Lake Park, FL			51,145			18,054		65,663			—		—				18,054		65,663		83,717		(87	)	2003	2021	(1)
Venice Cove FLL	Ft Lauderdale, FL			17,583			5,878		21,379			—		—				5,878		21,379		27,257		(28	)	2003	2021	(1)
Central Park Portfolio																						-
7575 Town Center	Denver, CO			115,332			21,500		153,357			—		—				21,500		153,357		174,857		(169	)	2017	2021	(1)
Aster East	Denver, CO			91,059			16,988		121,172			—		—				16,988		121,172		138,160		(134	)	2019	2021	(1)
Aster West	Denver, CO			68,180			12,727		90,780			—		—				12,727		90,780		103,507		(101	)	2014	2021	(1)
Aster North	Denver, CO			31,227			5,845		41,693			—		—				5,845		41,693		47,538		(46	)	2016	2021	(1)
Aster South	Denver, CO			20,952			3,931		28,036			—		—				3,931		28,036		31,967		(31	)	2014	2021	(1)
Botanica Town Center	Denver, CO			40,350			7,234		51,600			—		—				7,234		51,600		58,834		(57	)	2004	2021	(1)
Crescent Flats	Denver, CO			35,575			6,497		46,344			—		—				6,497		46,344		52,841		(51	)	2004	2021	(1)

Total Multifamily Properties			$	7,620,563	$		1,690,961	$	9,993,333	$		6,582	$	27,006		$		1,697,543	$	10,020,339	$	11,717,882	$	(182,691	)

Single-Family Rental Properties
Single-Family Rental Joint Venture	Various		$	69,840	$		39,012	$	61,403	$		—	$	—		$		39,012	$	61,403	$	100,415	$	(363	)	Various	2021	(1)
Sunbelt Single-Family Rental Portfolio	Various			613,840			265,138		751,169			—		—				265,138		751,169		1,016,307		(874	)	Various	2021	(1)

Total Single-Family Rental Properties			$	683,680	$		304,150	$	812,572	$		—	$	—		$		304,150	$	812,572	$	1,116,722	$	(1,237	)

Hospitality properties:
U.S. Select Service Portfolio
Hyatt Place Boulder	Boulder, CO	⁽³⁾	$	47,948	$		13,890	$	33,673	$		7	$	165		$		13,897	$	33,838	$	47,735	$	(2,780	)	2015	2019	(1)
Residence Inn Tampa	Tampa, FL			21,963			7,826		33,325			644		128				8,470		33,453		41,923		(2,632	)	2001	2019	(1)
Courtyard by Marriott Fort Myers	Fort Myers, FL			14,703			5,522		21,035			567		86				6,089		21,121		27,210		(1,687	)	2007	2019	(1)
TownePlace Suites Tampa	Tampa, FL			11,708			5,064		16,712			407		68				5,471		16,780		22,251		(1,329	)	2008	2019	(1)
Residence Inn Cleveland	Cleveland, OH	⁽³⁾		—			2,867		19,944			181		457				3,048		20,401		23,449		(1,650	)	1997	2019	(1)
Residence Inn Little Rock	Little Rock, AR			13,463			2,410		16,472			185		69				2,595		16,541		19,136		(1,271	)	2013	2019	(1)
Hampton Inn Knoxville	Knoxville, TN			9,211			1,343		12,868			570		51				1,913		12,919		14,832		(1,071	)	2011	2019	(1)
Springhill Suites Fort Myers	Fort Myers, FL			8,510			4,658		7,484			519		45				5,177		7,529		12,706		(657	)	2006	2019	(1)

Total Hospitality Properties			$	127,506	$		43,580	$	161,513	$		3,080	$	1,069		$		46,660	$	162,582	$	209,242	$	(13,077	)

Industrial properties:
Midwest Industrial Portfolio
201 Swift Road	Addison, IL	⁽⁴⁾	$	210,027	$		2,134	$	5,578	$		13	$	(106	)	$		2,147	$	5,472	$	7,619	$	(440	)	1995	2019	(1)
221 Swift Road	Addison, IL	⁽⁴⁾		—			2,230		7,553			14		(12	)			2,244		7,541		9,785		(611	)	1995	2019	(1)
13005 Hamlin Court	Alsip, IL	⁽⁴⁾		—			1,813		4,623			11		(10	)			1,824		4,613		6,437		(447	)	2014	2019	(1)
1695 Glen Ellyn Drive	Glendale Heights, IL	⁽⁴⁾		—			2,206		4,769			14		(12	)			2,220		4,757		6,977		(416	)	2006	2019	(1)
845 Telser Road	Lake Zurich, IL	⁽⁴⁾		—			1,370		2,325			8		(8	)			1,378		2,317		3,695		(226	)	2016	2019	(1)
1245-1247 Lakeside Drive	Romeoville, IL	⁽⁴⁾		—			1,461		4,059			9		(9	)			1,470		4,050		5,520		(402	)	1998	2019	(1)
775 Commerce Parkway West Drive	Greenwood, IN	⁽⁴⁾		—			1,314		10,189			8		(6	)			1,322		10,183		11,505		(650	)	2014	2019	(1)

						Initial Cost					Costs Capitalized Subsequent to Acquisition						Gross Amounts at which Carried at the Close of Period⁽²⁾
Description	Location		Encumbrances		Land and Land Improvements			Building and Building Improvements		Land and Land Improvements			Building and Building Improvements			Land and Land Improvements			Building and Building Improvements		Total		Accumulated Depreciation			Year Built	Year Acquired	Depreciable Lives⁽¹⁾
999 Gerdt Court	Greenwood, IN	⁽⁴⁾		—			1,268		6,364			8		(6	)			1,276		6,358		7,634		(546	)	2001	2019	(1)
1600-1640 Northwind Pkwy	Hobart, IN	⁽⁴⁾		—			879		3,010			5		(5	)			884		3,005		3,889		(288	)	2007	2019	(1)
1650 Northwind Pkwy	Hobart, IN	⁽⁴⁾		—			860		2,954			5		(5	)			865		2,949		3,814		(307	)	2007	2019	(1)
1701-21 Northwind Pkwy	Hobart, IN	⁽⁴⁾		—			1,264		5,974			8		(6	)			1,272		5,968		7,240		(491	)	2005	2019	(1)
1851 Northwind Parkway	Hobart, IN	⁽⁴⁾		—			1,477		2,077			9		(8	)			1,486		2,069		3,555		(264	)	2015	2019	(1)
1901-51 Northwind Pkwy	Hobart, IN	⁽⁴⁾		—			1,800		9,550			11		(9	)			1,811		9,541		11,352		(815	)	2006	2019	(1)
6241 Northwind Pkwy	Hobart, IN	⁽⁴⁾		—			1,946		8,402			126		(10	)			2,072		8,392		10,464		(759	)	2008	2019	(1)
6451 Northwind Parkway	Hobart, IN	⁽⁴⁾		—			2,782		8,375			17		(15	)			2,799		8,360		11,159		(722	)	2016	2019	(1)
8401 Bearing Drive	Indianapolis, IN	⁽⁴⁾		—			3,159		13,189			20		(17	)			3,179		13,172		16,351		(987	)	2015	2019	(1)
8411 Bearing Drive	Indianapolis, IN	⁽⁴⁾		—			1,448		6,515			9		(8	)			1,457		6,507		7,964		(465	)	2015	2019	(1)
8461 Bearing Drive	Indianapolis, IN	⁽⁴⁾		—			1,337		10,188			8		(6	)			1,345		10,182		11,527		(657	)	2015	2019	(1)
101 45th Street	Munster, IN	⁽⁴⁾		—			3,968		20,213			186		898				4,154		21,111		25,265		(1,930	)	1991	2019	(1)
215 45th Street	Munster, IN	⁽⁴⁾		—			1,209		3,473			7		(7	)			1,216		3,466		4,682		(352	)	1999	2019	(1)
225 45th Street	Munster, IN	⁽⁴⁾		—			1,112		2,741			7		79				1,119		2,820		3,939		(273	)	2000	2019	(1)
235 West 45th Street	Munster, IN	⁽⁴⁾		—			1,163		1,847			7		(7	)			1,170		1,840		3,010		(236	)	2000	2019	(1)
333 45th Street	Munster, IN	⁽⁴⁾		—			3,378		7,839			21		(18	)			3,399		7,821		11,220		(847	)	1999	2019	(1)
480 West 45th Street	Munster, IN	⁽⁴⁾		—			1,542		6,356			10		(9	)			1,552		6,347		7,899		(545	)	2003	2019	(1)
3890 Perry Boulevard	Whitestown, IN	⁽⁴⁾		—			698		4,491			4		(32	)			702		4,459		5,161		(316	)	2008	2019	(1)
4750 S Indianapolis Rd	Whitestown, IN	⁽⁴⁾		—			3,167		14,293			20		(16	)			3,187		14,277		17,464		(1,169	)	2016	2019	(1)
4990 Indianapolis Road	Whitestown, IN	⁽⁴⁾		—			1,668		8,319			10		(9	)			1,678		8,310		9,988		(620	)	2016	2019	(1)
5701 Meadows Drive	Grove City, OH	⁽⁴⁾		—			2,166		10,542			13		(11	)			2,179		10,531		12,710		(947	)	1997	2019	(1)
5900 Meadows Drive	Grove City, OH	⁽⁴⁾		—			2,369		11,916			15		(12	)			2,384		11,904		14,288		(1,067	)	1997	2019	(1)
2240 Creekside Parkway	Lockbourne, OH	⁽⁴⁾		—			2,300		7,010			14		(12	)			2,314		6,998		9,312		(599	)	2012	2019	(1)
4410 North 132nd Street	Butler, WI	⁽⁴⁾		—			1,248		6,383			8		251				1,256		6,634		7,890		(547	)	1998	2019	(1)
4700 North Ironwood Drive	Butler, WI	⁽⁴⁾		—			1,510		7,222			9		287				1,519		7,509		9,028		(601	)	2000	2019	(1)
W234 N2091 Ridgeview Parkway Court	Butler, WI	⁽⁴⁾		—			1,965		7,508			12		(11	)			1,977		7,497		9,474		(622	)	2002	2019	(1)
Marshfield Industrial Portfolio	Baltimore, MD			106,698			21,720		139,433			187		4				21,907		139,437		161,344		(5,210	)	Various	2020	(1)
Airport Logistics Park	Nashville, TN			35,000			7,031		53,728			—		—				7,031		53,728		60,759		(2,233	)	Various	2020	(1)
Denver/Boulder Industrial Portfolio
321 Taylor Avenue	Louisville, CO			12,514			3,006		15,435			—		7				3,006		15,442		18,448		(415	)	1998	2021	(1)
1900 Taylor Avenue	Louisville, CO			20,138			5,746		25,386			—		—				5,746		25,386		31,132		(556	)	2015	2021	(1)
2000 Taylor Avenue	Louisville, CO			21,382			5,999		30,674			—		253				5,999		30,927		36,926		(675	)	2016	2021	(1)
2035 Taylor Avenue	Louisville, CO			18,328			4,122		20,497			—		—				4,122		20,497		24,619		(410	)	2018	2021	(1)
1775 Cherry Street	Louisville, CO			19,377			4,726		25,499			—		—				4,726		25,499		30,225		(549	)	2008	2021	(1)
1900 Cherry Street	Louisville, CO			15,935			2,581		18,089			—		—				2,581		18,089		20,670		(359	)	2014	2021	(1)
1960 Cherry Street	Louisville, CO			9,014			2,265		9,133			—		—				2,265		9,133		11,398		(199	)	2015	2021	(1)
1795 Dogwood Street	Louisville, CO			18,027			4,035		23,343			—		—				4,035		23,343		27,378		(518	)	2006	2021	(1)
1886 Prairie Way	Louisville, CO			14,173			3,060		13,277			—		—				3,060		13,277		16,337		(333	)	2000	2021	(1)
195 CTC Boulevard	Louisville, CO			9,282			2,652		10,195			—		3				2,652		10,198		12,850		(237	)	2008	2021	(1)
633 CTC Boulevard	Louisville, CO			24,663			6,351		33,818			—		—				6,351		33,818		40,169		(687	)	2017	2021	(1)
346 Arthur Avenue	Louisville, CO			8,613			3,201		11,109			—		—				3,201		11,109		14,310		(300	)	2000	2021	(1)
1480 Arthur Avenue	Louisville, CO			13,590			4,303		16,770			—		—				4,303		16,770		21,073		(435	)	2000	2021	(1)
600 Tech Court	Louisville, CO			18,191			4,905		24,778			—		—				4,905		24,778		29,683		(507	)	2020	2021	(1)
700 Tech Court	Louisville, CO			14,000			5,219		18,522			—		—				5,219		18,522		23,741		(363	)	2018	2021	(1)
725 Tech Court	Louisville, CO			25,867			5,780		15,126			—		1,690				5,780		16,816		22,596		(327	)	2021	2021	(1)
Independence Logistics Park
359 Old Underwood Road	La Porte, TX	⁽⁵⁾		117,000			9,786		53,113			—		—				9,786		53,113		62,899		(1,345	)	2007	2021	(1)

						Initial Cost					Costs Capitalized Subsequent to Acquisition					Gross Amounts at which Carried at the Close of Period⁽²⁾
Description	Location		Encumbrances		Land and Land Improvements			Building and Building Improvements		Land and Land Improvements			Building and Building Improvements		Land and Land Improvements			Building and Building Improvements		Total		Accumulated Depreciation			Year Built	Year Acquired	Depreciable Lives⁽¹⁾
359 Pike Court	La Porte, TX	⁽⁵⁾		—			9,007		45,772			—		—			9,007		45,772		54,779		(1,288	)	2008	2021	(1)
10025 Porter Road	La Porte, TX	⁽⁵⁾		—			2,836		11,629			—		—			2,836		11,629		14,465		(318	)	2018	2021	(1)
10051 Porter Road	La Porte, TX	⁽⁵⁾		—			3,171		15,890			—		—			3,171		15,890		19,061		(395	)	2007	2021	(1)
10052 PorterRoad	La Porte, TX	⁽⁵⁾		—			2,820		14,759			—		—			2,820		14,759		17,579		(331	)	2009	2021	(1)
10100 Porter Road	La Porte, TX	⁽⁵⁾		—			3,046		8,154			—		—			3,046		8,154		11,200		(215	)	2005	2021	(1)
Reno Logistics Portfolio
475 Lillard Drive	Sparks, NV	⁽⁶⁾		266,000			2,671		36,429			—		—			2,671		36,429		39,100		(702	)	1994	2021	(1)
775 Lillard Drive	Sparks, NV	⁽⁶⁾		—			10,861		15,573			—		—			10,861		15,573		26,434		(396	)	1996	2021	(1)
850 Spice Islands	Sparks, NV	⁽⁶⁾		—			2,104		7,331			—		—			2,104		7,331		9,435		(168	)	1986	2021	(1)
1800 Deming Way	Sparks, NV	⁽⁶⁾		—			1,669		7,368			—		—			1,669		7,368		9,037		(152	)	1979	2021	(1)
10855 Lear	Sparks, NV	⁽⁶⁾		—			2,692		24,603			—		—			2,692		24,603		27,295		(498	)	2007	2021	(1)
Sparks Business Center	Sparks, NV	⁽⁶⁾		—			9,936		22,844			—		—			9,936		22,844		32,780		(632	)	1996	2021	(1)
1185 South Rock	Sparks, NV	⁽⁶⁾		—			3,815		9,484			—		—			3,815		9,484		13,299		(424	)	2005	2021	(1)
210 Lyon Drive	Sparks, NV	⁽⁶⁾		—			667		6,890			—		—			667		6,890		7,557		(153	)	1981	2021	(1)
12040 Moya	Sparks, NV	⁽⁶⁾		—			2,996		28,611			—		11			2,996		28,622		31,618		(558	)	2006	2021	(1)
10990 Lear	Sparks, NV	⁽⁶⁾		—			2,464		17,991			—		—			2,464		17,991		20,455		(402	)	2000	2021	(1)
10991 Lear	Sparks, NV	⁽⁶⁾		—			2,397		26,376			—		37			2,397		26,413		28,810		(580	)	1998	2021	(1)
855 Greg Street	Sparks, NV	⁽⁶⁾		—			3,347		14,167			—		—			3,347		14,167		17,514		(333	)	1991	2021	(1)
1823-1879 Deming Way	Sparks, NV	⁽⁶⁾		—			1,431		6,598			—		—			1,431		6,598		8,029		(137	)	1980	2021	(1)
12755 Moya	Sparks, NV	⁽⁶⁾		—			1,373		8,505			—		—			1,373		8,505		9,878		(204	)	1992	2021	(1)
12055 Sage Point	Sparks, NV	⁽⁶⁾		—			2,847		26,630			—		—			2,847		26,630		29,477		(572	)	1998	2021	(1)
1802 Brierly Way	Sparks, NV	⁽⁶⁾		—			1,928		31,756			—		—			1,928		31,756		33,684		(681	)	1995	2021	(1)
1755 Purina Way	Sparks, NV	⁽⁶⁾		—			2,773		10,195			—		—			2,773		10,195		12,968		(303	)	1977	2021	(1)
1550 Greg Street	Sparks, NV	⁽⁶⁾		—			3,374		3,780			—		—			3,374		3,780		7,154		(140	)	1997	2021	(1)
6995 Resource Blvd	Sparks, NV	⁽⁶⁾		—			1,557		18,501			—		—			1,557		18,501		20,058		(405	)	1995	2021	(1)
Southwest Light Industrial Portfolio
Aztec Commerceplex	Phoenix, AZ			31,757			6,423		38,777			—		—			6,423		38,777		45,200		(354	)	1998	2021	(1)
Coronado Phase I	Phoenix, AZ			11,591			2,672		13,604			—		—			2,672		13,604		16,276		(136	)	1998	2021	(1)
Coronado Phase II	Phoenix, AZ			30,860			7,390		36,285			—		—			7,390		36,285		43,675		(346	)	1998	2021	(1)
Coronado Phase III	Phoenix, AZ			7,172			2,211		8,019			—		—			2,211		8,019		10,230		(81	)	1999	2021	(1)
Coronado Phase IV	Phoenix, AZ			14,343			2,933		17,368			—		—			2,933		17,368		20,301		(155	)	2001	2021	(1)
Dean Martin Drive Phase I	Las Vegas, NV			13,964			5,798		12,334			—		—			5,798		12,334		18,132		(143	)	2000	2021	(1)
Dean Martin Drive Phase II	Las Vegas, NV			18,700			7,867		16,416			—		—			7,867		16,416		24,283		(191	)	2000	2021
Loop 101 Phase I	Las Vegas, NV			25,354			6,968		28,795			—		—			6,968		28,795		35,763		(294	)	2004	2021	(1)
Loop 101 Phase II	Phoenix, AZ			39,219			13,005		46,987			—		—			13,005		46,987		59,992		(480	)	2006	2021	(1)
Phoenix Pinnacle Phase I	Phoenix, AZ			48,336			10,250		56,873			—		—			10,250		56,873		67,123		(531	)	2001	2021	(1)
Phoenix Pinnacle Phase I	Phoenix, AZ			31,829			5,812		38,756			—		—			5,812		38,756		44,568		(320	)	2002	2021	(1)
Phoenix Pinnacle Phase III	Phoenix, AZ			20,066			3,578		22,515			—		—			3,578		22,515		26,093		(198	)	2004	2021	(1)
Tempe Southern Business Center	Phoenix, AZ			22,515			4,987		25,684			—		4			4,987		25,688		30,675		(251	)	1997	2021	(1)
Wynn Road Vegas	Phoenix, AZ			18,828			7,531		18,712			—		—			7,531		18,712		26,243		(179	)	1998	2021	(1)
Wynn Road Vegas East	Las Vegas, NV			6,650			2,341		6,741			—		—			2,341		6,741		9,082		(72	)	1998	2021	(1)

						Initial Cost					Costs Capitalized Subsequent to Acquisition						Gross Amounts at which Carried at the Close of Period⁽²⁾
Description	Location		Encumbrances		Land and Land Improvements			Building and Building Improvements		Land and Land Improvements			Building and Building Improvements			Land and Land Improvements			Building and Building Improvements		Total		Accumulated Depreciation			Year Built	Year Acquired	Depreciable Lives⁽¹⁾
Northern Italy Industrial Portfolio
Isola Vicentina 1	Vicenza Province, Italy			12,782			3,369		19,757			—		—				3,369		19,757		23,126		(215	)	2017	2021	(1)
Isola Vicentina 2	Vicenza Provence, Italy			16,003			4,218		24,736			—		—				4,218		24,736		28,954		(269	)	2010	2021	(1)
Settimo Torinese	Turin Province, Italy			10,448			3,939		14,907			—		—				3,939		14,907		18,846		(162	)	2008	2021	(1)
Peschiera Borromeo	Milan Province, Italy			5,232			2,983		6,404			—		—				2,983		6,404		9,387		(69	)	1970s/2018	2021	(1)

Total Industrial Properties			$	1,383,468	$		352,756	$	1,667,278	$		833	$	3,122		$		353,589	$	1,670,400	$	2,023,989	$	(50,254	)

Office properties:
Florida Office Portfolio
JTB Carlton	Jacksonville, FL	⁽⁷⁾	$	139,173	$		4,510	$	13,905	$		—	$	449		$		4,510	$	14,354	$	18,864	$	(1,962	)	1999	2019	(1)
JTB Deerwood Park	Jacksonville, FL	⁽⁷⁾		—			1,303		1,298			—		7				1,303		1,305		2,608		(124	)	1991	2019	(1)
JTB Collier	Jacksonville, FL	⁽⁷⁾		—			4,540		11,050			—		88				4,540		11,138		15,678		(1,367	)	2001	2019	(1)
Deerwood N 100	Jacksonville, FL	⁽⁷⁾		—			5,173		17,670			—		545				5,173		18,215		23,388		(2,442	)	1999	2019	(1)
Deerwood N 200	Jacksonville, FL	⁽⁷⁾		—			5,152		14,995			—		(637	)			5,152		14,358		19,510		(1,284	)	2001	2019	(1)
Deerwood N 300	Jacksonville, FL	⁽⁷⁾		—			5,723		16,056			—		300				5,723		16,356		22,079		(1,961	)	2004	2019	(1)
Deerwood N 400	Jacksonville, FL	⁽⁷⁾		—			5,535		18,722			—		116				5,535		18,838		24,373		(2,376	)	2005	2019	(1)
Deerwood S 100	Jacksonville, FL	⁽⁷⁾		—			5,761		15,490			—		73				5,761		15,563		21,324		(2,354	)	1996	2019	(1)
Deerwood S 200	Jacksonville, FL	⁽⁷⁾		—			5,548		15,976			—		103				5,548		16,079		21,627		(2,544	)	1996	2019	(1)
Deerwood S 300	Jacksonville, FL	⁽⁷⁾		—			5,158		14,265			—		789				5,158		15,054		20,212		(2,808	)	1997	2019	(1)
Deerwood S 400	Jacksonville, FL	⁽⁷⁾		—			5,062		13,736			—		1,389				5,062		15,125		20,187		(2,428	)	1998	2019	(1)
Columbus Office Portfolio
250 High	Columbus, OH			25,242			1,527		27,449			68		14				1,595		27,463		29,058		(2,276	)	2015	2019	(1)
80 on the Commons	Columbus, OH			29,309			1,486		22,615			29		1,395				1,515		24,010		25,525		(2,740	)	2018	2019	(1)
60 State Street	Boston, MA			394,497			-		478,150			472		10,263				472		488,413		488,885		(32,676	)	1978	2020	(1)
Nashville Office	Nashville, TN			175,000			21,647		229,183			—		838				21,647		230,021		251,668		(12,982	)	2017	2020	(1)
Stonebridge Office Portfolio
Stonebridge I	Alpharetta, GA	⁽⁸⁾		64,500			4,618		31,103			—		244				4,618		31,347		35,965		(1,198	)	2007	2021	(1)
Stonebridge II	Alpharetta, GA	⁽⁸⁾		—			4,098		27,708			—		59				4,098		27,767		31,865		(975	)	2006	2021	(1)
Stonebridge III	Alpharetta, GA	⁽⁸⁾		—			6,489		42,813			—		78				6,489		42,891		49,380		(1,458	)	2008	2021	(1)
M Campus B1	Meudon, France			69,130			14,522		63,636			—		—				14,522		63,636		78,158		(71	)	2006	2021	(1)
M Campus B2	Meudon, France			125,975			26,442		120,442			—		—				26,442		120,442		146,884		(130	)	2006	2021	(1)

Total Office Properties			$	1,022,826	$		134,294	$	1,196,262	$		569	$	16,113		$		134,863	$	1,212,375	$	1,347,238	$	(76,156	)

Self-Storage Properties
Morningstar Self-Storage Joint Venture
Alabaster	Alabaster, AL		$	11,231	$		2,313	$	15,843	$		—	$	—		$		2,313	$	15,843	$	18,156	$	(23	)	2008	2021	(1)
Alamo Ranch	San Antonio, TX			7,593			2,318		9,951			—		—				2,318		9,951		12,269		(14	)	2014	2021	(1)
Babcock	San Antonio, TX			5,872			2,062		7,448			—		—				2,062		7,448		9,510		(11	)	2000	2021	(1)
Bryan/College Station	College Station, TX			12,872			3,036		17,786			—		—				3,036		17,786		20,822		(25	)	2009	2021	(1)
Cambell Station	Nashville, TN			10,598			4,563		12,615			—		—				4,563		12,615		17,178		(18	)	2008	2021	(1)
College Street I	Charlotte, NC			6,742			2,688		8,205			—		—				2,688		8,205		10,893		(12	)	2017	2021	(1)
Cornelius	Cornelius, NC			10,460			3,217		13,736			—		—				3,217		13,736		16,953		(20	)	2008	2021	(1)
FL Mall	Orlando, FL			5,418			1,949		6,803			—		—				1,949		6,803		8,752		(10	)	2017	2021	(1)

					Initial Cost					Costs Capitalized Subsequent to Acquisition					Gross Amounts at which Carried at the Close of Period⁽²⁾
Description	Location	Encumbrances		Land and Land Improvements			Building and Building Improvements		Land and Land Improvements			Building and Building Improvements		Land and Land Improvements			Building and Building Improvements		Total		Accumulated Depreciation			Year Built	Year Acquired	Depreciable Lives⁽¹⁾
Highway 78	Wylie, TX		8,522			3,098		10,714			—		—			3,098		10,714		13,812		(15	)	2001	2021	(1)
Ladson	Charleston, SC		6,031			2,044		7,688			—		—			2,044		7,688		9,732		(11	)	2017	2021	(1)
Lake Wylie	Lake Wylie, SC		5,477			2,928		5,947			—		—			2,928		5,947		8,875		(9	)	2017	2021	(1)
Moorseville	Mooresville, NC		9,866			2,602		13,388			—		—			2,602		13,388		15,990		(19	)	2007	2021	(1)
Mountain Brook	Birmingham, AL		12,457			5,723		14,463			—		—			5,723		14,463		20,186		(21	)	1985	2021	(1)
OKC Bethany	Bethany, OK		4,251			1,688		5,486			—		—			1,688		5,486		7,174		(8	)	1985	2021	(1)
OKC Edmond	Edmond, OK		4,310			2,550		5,282			—		—			2,550		5,282		7,832		(8	)	2001	2021	(1)
OKC MacArthur	Oklahoma City, OK		5,635			1,098		7,642			—		—			1,098		7,642		8,740		(11	)	2000	2021	(1)
OKC Midwest City	Midwest City, OK		7,395			1,968		9,874			—		—			1,968		9,874		11,842		(14	)	1990	2021	(1)
OKC Norman	Norman, OK		6,386			1,342		8,634			—		—			1,342		8,634		9,976		(12	)	2003	2021	(1)
OKC North Penn	Oklahoma City, OK		3,342			1,033		4,413			—		—			1,033		4,413		5,446		(6	)	1994	2021	(1)
OKC Santa Fe	Oklahoma City, OK		4,567			1,003		6,166			—		—			1,003		6,166		7,169		(9	)	2001	2021	(1)
OKC South Penn	Oklahoma City, OK		4,627			1,269		6,165			—		—			1,269		6,165		7,434		(9	)	1999	2021	(1)
OKC Camden	Oklahoma City, OK		2,135			574		2,863			—		—			574		2,863		3,437		(4	)	2013	2021	(1)
Rea	Waxhaw, NC		17,795			4,661		24,139			—		—			4,661		24,139		28,800		(37	)	2016	2021	(1)
South Blvd	Charlotte, NC		9,570			2,519		12,957			—		—			2,519		12,957		15,476		(19	)	2017	2021	(1)
West WT Harris	Charlotte, NC		14,572			3,933		19,656			—		—			3,933		19,656		23,589		(30	)	1995	2021	(1)

Total Self-Storage Properties		$	197,724	$		62,179	$	257,864	$		—	$	—	$		62,179	$	257,864	$	320,043	$	(375	)

Medical Office:
Exchange on Erwin - Commercial	Durham, NC	$	24,908	$		13,492	$	20,157	$		—	$	36	$		13,492	$	20,193	$	33,685	$	(1,783	)	2007	2019	(1)
Barlow Building	Chevy Chase, MD		108,160			31,902		112,291			208		1,260			32,110		113,551		145,661		(6,911	)	2019	2020	(1)

Total Medical Office Properties		$	133,068	$		45,394	$	132,448	$		208	$	1,296	$		45,602	$	133,744	$	179,346	$	(8,694	)

Other
Comfort Hotel Vesterbro	Copenhagen, Denmark	$	50,702	$		20,335	$	58,315	$		—	$	—	$		20,335	$	58,315	$	78,650	$	(482	)	1999	2021	(1)
Iberostar Las Dalias	Tenerife, Spain		55,654			26,751		37,993			—		—			26,751		37,993		64,744		(48	)	1985	2021	(1)
Marketplace	West Palm Beach, FL		79,000			41,833		83,890			—		—			41,833		83,890		125,723		(171	)	2014	2021	(1)

Total Other Properties		$	185,356	$		88,919	$	180,198	$		—	$	—	$		88,919	$	180,198	$	269,117	$	(701	)
Portfolio Total		$	11,354,191	$		2,722,233	$	14,401,468	$		11,272	$	48,606	$		2,733,505	$	14,450,074	$	17,183,579	$	(333,185	)

(1)

Refer to Note 2 to our consolidated financial statements for details of depreciable lives.

(2)

As of December 31, 2021, the aggregate cost basis for tax purposes was $16.9 billion.

(3)

These properties secure a $47.9 million mortgage note.

(4)

These properties secure a $210.0 million mortgage note.

(5)

These properties secure a $117.0 million mortgage note.

(6)

These properties secure a $266.0 million mortgage note.

(7)

These properties secure a $139.2 million mortgage note.

(8)

These properties secure a $64.5 million mortgage note.

The total included on Schedule III does not include Furniture, Fixtures and Equipment totaling $264.6 million. Accumulated Depreciation does not include $34.8 million of accumulated depreciation related to Furniture, Fixtures and Equipment.

The following table summarizes activity for real estate and accumulated depreciation for the years ended December 31, 2021 and 2020 ($ in thousands):

	December 31, 2021			December 31, 2020
Real Estate:
Balance at the beginning of year	$	4,626,212		$	1,823,992
Additions during the year:
Land and land improvements		2,044,398			366,587
Furniture, fixtures and equipment		187,749			30,540
Building and building improvements		10,589,777			2,405,093
Balance at the end of the year	$	17,448,136		$	4,626,212

Accumulated Depreciation:
Balance at the beginning of the year	$	(130,540	)	$	(25,948	)
Accumulated depreciation		(237,753	)		(104,592	)
Balance at the end of the year	$	(368,293	)	$	(130,540	)