SCHEDULE XI - REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Oct. 31, 2016

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

SCHEDULE XI - REAL ESTATE AND ACCUMULATED DEPRECIATION

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY AND SUBSIDIARIES

SCHEDULE XI – REAL ESTATE AND ACCUMULATED DEPRECIATION

OCTOBER 31, 2016

(In Thousands of Dollars)

Column A	Column B		Column C				Column D								Column E						Column F		Column G	Column H	Column I
			Initial Cost				Costs Capitalized								Gross Amount at Which
			to Company				Subsequent to Acquisition								Carried at Close of Period
																									Life on
					Buildings												Buildings								Which
	Encum-				and					Improve-			Carrying				and				Accumulated		Date of	Date	Depreciation
Description	brances		Land		Improvements		Land			ments			Costs		Land		Improvements		Total (1)		Depreciation		Construction	Acquired	is Computed
Residential Properties:
Hammel Gardens, Maywood, NJ	$	8,087	$	312	$	728	$	—		$	1,276				$	312	$	2,004	$	2,316	$	1,581	1949	1972	7-40 years
Steuben Arms, River Edge, NJ		10,659		364		1,773		—			1,453					364		3,226		3,590		2,724	1966	1975	7-40 years
Berdan Court, Wayne, NJ		18,054		250		2,206		—			4,302					250		6,508		6,758		5,077	1964	1965	7-40 years
Westwood Hills, Westwood, NJ		21,098		3,849		11,546		—			2,397					3,849		13,943		17,792		7,985	1965-70	1994	7-39 years
Pierre Towers, Hackensack, NJ		29,901		8,390		37,486		19			8,994					8,409		46,480		54,889		14,847	1970	2004	7-40 years
Boulders - Rockaway, NJ		17,141		1,632		—		3,386			15,756					5,018		15,756		20,774		4,469	2005-2006	1963/1964	7-40 years
Regency Club - Middletown, NY		16,200		2,833		17,792		—			578					2,833		18,370		21,203		1,101	2003	2014	7-40 years
Icon - Baltimore, MD		67,126		5,871		—		—			86,441					5,871		86,441		92,312		541	2016	2005	7-40 years
Commercial Properties:
Damascus Shopping Center,
Damascus, MD		20,831		2,950		6,987		6,296			17,197					9,246		24,184		33,430		5,287	1960's	2003	5-39.5 years
Franklin Crossing, Franklin Lakes, NJ		—		29		—		3,382			7,409					3,411		7,409		10,820		3,628	1963/75/97	1966	5-39.5 years
Glen Rock, NJ		—		12		36		—			230					12		266		278		154	1940	1962	5-25 years
Building formerly occupied by supermarket
Patchogue, NY		5,231		2,128		8,818		—			(8	)				2,128		8,810		10,938		4,221	1997	1997	15-39.5 years
Westridge Square S/C, Frederick, MD		22,000		9,135		19,159		(1	)		4,366					9,134		23,525		32,659		16,988	1986	1992	5-31.5 years
Westwood Plaza, Westwood, NJ		20,801		6,889		6,416		—			2,547					6,889		8,963		15,852		7,952	1981	1988	5-31.5 years
Preakness S/C, Wayne, NJ		25,749		9,280		24,217		—			1,723					9,280		25,940		35,220		9,678	1955/89/00	2002	5-39.5 years
The Rotunda, Baltimore, MD		46,841		10,392		14,634		232			44,837					10,624		59,471		70,095		6,314	1920/2016	2005	5-40 years
Land Leased:
Rockaway, NJ		—		114		—		—			—					114		—		114		—		1963/1964
Vacant Land:								`
Franklin Lakes, NJ		—		224		—		(156	)		—					68		—		68		—		1966/93
Wayne, NJ		—		286		—		—			—					286		—		286		—		2002
Rockaway, NJ		—		51		—		—			—					51		—		51		—		1963/1964
	$	329,719	$	64,991	$	151,798	$	13,158		$	199,498		$	—	$	78,149	$	351,296	$	429,445	$	92,547

(1)  Total cost for each property is the same for federal income tax purposes, with the exception of Pierre Towers, Preakness S/C, the Regency Club and the Rotunda properties (Icon and The Rotunda) whose cost for federal income tax purposes is approximately $42.5 million, $35.1 million, $13.1 million and $159.5 million, respectively.        

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY AND SUBSIDIARIES

SCHEDULE XI - REAL ESTATE AND ACCUMULATED DEPRECIATION

(In Thousands of Dollars)

Reconciliation of Real Estate and Accumulated Depreciation:
	2016			2015		2014
Real estate:
Balance, Beginning of year	$	409,297		$	354,032	$	292,769
Additions:
Buildings and improvements		26,206			55,265		62,340
Disposal:
Buildings and improvements		(3,513	)		—		—
Sale of commercial property		(2,545	)		—		—
Sale of discontinued operation		—			—		(1,077	)
Balance, end of year	$	429,445		$	409,297	$	354,032
Accumulated depreciation:
Balance, beginning of year	$	88,452		$	81,569	$	75,226
Additions - Charged to operating expenses		7,852			6,883		6,346
Disposal - Buildings and improvements		(3,466	)		—		—
Sale of commercial property		(291	)		—		—
Sale of discontinued operation		—			—		—
Adjustments		—			—		(3	)
Balance, end of year	$	92,547		$	88,452	$	81,569