SCHEDULE III

12 Months Ended

Dec. 31, 2023

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

SCHEDULE III

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023 (In thousands, except footnotes)
Description	Initial Cost to the Company			Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period				Accumulated Depreciation	Year Acquired	Year Constructed
	Land		Buildings and Improvements		Land	Buildings and Improvements	Right of Use Assets (e)	Total
Real Estate Properties (c):
Industrial:
FLORIDA
Tampa
Westport Commerce Center	$	980	3,800	4,444	980	8,244	—	9,224	5,821	1994	1983/87
Benjamin Distribution Center 1 & 2	843		3,963	2,188	883	6,111	—	6,994	4,715	1997	1996
Benjamin Distribution Center 3	407		1,503	809	407	2,312	—	2,719	1,862	1999	1988
Palm River Center	1,190		4,625	3,860	1,190	8,485	—	9,675	6,160	1997/98	1990/97/98
Palm River North 1 & 3	1,005		4,688	3,489	1,005	8,177	—	9,182	5,669	1998	2000
Palm River North 2	634		4,418	514	634	4,932	—	5,566	3,859	1997/98	1999
Palm River South 1	655		3,187	1,153	655	4,340	—	4,995	2,426	2000	2005
Palm River South 2	655		—	5,378	655	5,378	—	6,033	3,046	2000	2006
Walden Distribution Center 1	337		3,318	1,883	337	5,201	—	5,538	2,952	1997/98	2001
Walden Distribution Center 2	465		3,738	1,769	465	5,507	—	5,972	3,769	1998	1998
Oak Creek Distribution Center 1	1,109		6,126	1,909	1,109	8,035	—	9,144	5,375	1998	1998
Oak Creek Distribution Center 2	647		3,603	2,199	647	5,802	—	6,449	3,659	2003	2001
Oak Creek Distribution Center 3	439		—	3,620	556	3,503	—	4,059	1,718	2005	2007
Oak Creek Distribution Center 4	682		6,472	1,069	682	7,541	—	8,223	4,148	2005	2001
Oak Creek Distribution Center 5	724		—	6,083	916	5,891	—	6,807	3,206	2005	2007
Oak Creek Distribution Center 6	642		—	5,845	812	5,675	—	6,487	3,024	2005	2008
Oak Creek Distribution Center 7	740		—	6,467	740	6,467	—	7,207	1,431	2005	2017
Oak Creek Distribution Center 8	843		—	6,308	1,051	6,100	—	7,151	1,657	2005	2015
Oak Creek Distribution Center 9	618		—	5,195	781	5,032	—	5,813	2,235	2005	2009
Oak Creek Distribution Center A	185		—	1,552	185	1,552	—	1,737	737	2005	2008
Oak Creek Distribution Center B	227		—	1,592	227	1,592	—	1,819	763	2005	2008
Oak Creek Distribution Center C Land	355		—	1,291	355	1,291	—	1,646	79	2005	n/a
Airport Commerce Center	1,257		4,012	1,209	1,257	5,221	—	6,478	3,511	1998	1998
Westlake Distribution Center	1,333		6,998	2,945	1,333	9,943	—	11,276	7,142	1998	1998/99
Expressway Commerce Center 1	915		5,346	1,780	915	7,126	—	8,041	4,512	2002	2004
Expressway Commerce Center 2	1,013		3,247	1,228	1,013	4,475	—	5,488	2,773	2003	2001

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023 (In thousands, except footnotes)
Description	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period				Accumulated Depreciation	Year Acquired	Year Constructed
	Land	Buildings and Improvements		Land	Buildings and Improvements	Right of Use Assets (e)	Total
Silo Bend Distribution Center	4,131	27,497	6,251	4,132	33,747	—	37,879	12,986	2011	1987/90
Tampa East Distribution Center	791	4,758	808	791	5,566	—	6,357	2,357	2011	1984
Tampa West Distribution Center	2,139	8,502	2,057	2,140	10,558	—	12,698	4,019	2011	1975/93/94
Madison Distribution Center	495	2,779	575	495	3,354	—	3,849	1,376	2012	2007
Madison Distribution Center 2 & 3	624	—	7,309	624	7,309	—	7,933	2,107	2012	2015
Madison Distribution Center 4 & 5	565	—	8,462	565	8,462	—	9,027	2,451	2012	2016
Grand Oaks 75 Business Center 1	3,572	12,979	373	3,572	13,352	—	16,924	2,212	2019	2017
Grand Oaks 75 Business Center 2	2,589	10,226	2,379	2,589	12,605	—	15,194	1,765	2019	2019
Grand Oaks 75 Business Center 3	1,767	—	9,890	1,770	9,887	—	11,657	760	2019	2021
Grand Oaks 75 Business Center 4	2,334	—	16,976	2,338	16,972	—	19,310	432	2019	2022
Orlando
Chancellor Center	291	1,711	592	291	2,303	—	2,594	1,713	1996/97	1996/97
Exchange Distribution Center 1	603	2,414	2,733	603	5,147	—	5,750	4,058	1994	1975
Exchange Distribution Center 2	300	945	538	300	1,483	—	1,783	1,078	2002	1976
Exchange Distribution Center 3	320	997	547	320	1,544	—	1,864	1,081	2002	1980
Sunbelt Distribution Center	1,472	5,745	7,173	1,472	12,918	—	14,390	10,489	1989/97/98	1974/87/97/98
John Young Commerce Center 1	497	2,444	1,812	497	4,256	—	4,753	3,009	1997/98	1997/98
John Young Commerce Center 2	512	3,613	736	512	4,349	—	4,861	3,247	1998	1999
Sunport Center 1	555	1,977	1,276	555	3,253	—	3,808	2,197	1999	1999
Sunport Center 2	597	3,271	2,288	597	5,559	—	6,156	4,282	1999	2001
Sunport Center 3	642	3,121	1,320	642	4,441	—	5,083	3,059	1999	2002
Sunport Center 4	642	2,917	2,339	642	5,256	—	5,898	3,547	1999	2004
Sunport Center 5	750	2,509	4,104	750	6,613	—	7,363	3,629	1999	2005
Sunport Center 6	672	—	3,781	672	3,781	—	4,453	2,029	1999	2006
Southridge Commerce Park 1	373	—	5,574	373	5,574	—	5,947	3,604	2003	2006
Southridge Commerce Park 2	342	—	4,865	342	4,865	—	5,207	2,846	2003	2007
Southridge Commerce Park 3	547	—	5,859	547	5,859	—	6,406	3,078	2003	2007
Southridge Commerce Park 4	506	—	5,051	506	5,051	—	5,557	2,679	2003	2006
Southridge Commerce Park 5	382	—	4,832	382	4,832	—	5,214	2,786	2003	2006
Southridge Commerce Park 6	571	—	6,252	571	6,252	—	6,823	2,988	2003	2007

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023 (In thousands, except footnotes)
Description	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period				Accumulated Depreciation	Year Acquired	Year Constructed
	Land	Buildings and Improvements		Land	Buildings and Improvements	Right of Use Assets (e)	Total
Southridge Commerce Park 7	520	—	6,976	520	6,976	—	7,496	3,516	2003	2008
Southridge Commerce Park 8	531	—	6,739	531	6,739	—	7,270	2,885	2003	2008
Southridge Commerce Park 9	468	—	6,486	468	6,486	—	6,954	2,828	2003	2012
Southridge Commerce Park 10	414	—	4,937	414	4,937	—	5,351	1,663	2003	2012
Southridge Commerce Park 11	513	—	5,975	513	5,975	—	6,488	2,163	2003	2012
Southridge Commerce Park 12	2,025	—	17,364	2,025	17,364	—	19,389	7,435	2005	2008
Horizon Commerce Park 1	991	—	6,927	991	6,927	—	7,918	2,303	2008	2014
Horizon Commerce Park 2	1,111	—	7,763	1,111	7,763	—	8,874	2,476	2008	2014
Horizon Commerce Park 3	991	—	6,652	991	6,652	—	7,643	1,797	2008	2016
Horizon Commerce Park 4	1,097	—	8,626	1,097	8,626	—	9,723	2,641	2008	2015
Horizon Commerce Park 5	1,108	—	8,642	1,108	8,642	—	9,750	2,159	2008	2017
Horizon Commerce Park 6	1,099	—	11,231	1,099	11,231	—	12,330	2,066	2008	2019
Horizon Commerce Park 7	962	—	7,669	962	7,669	—	8,631	2,156	2008	2017
Horizon Commerce Park 8 & 9	1,590	—	16,652	1,590	16,652	—	18,242	2,325	2008	2019
Horizon Commerce Park 10	846	—	6,623	846	6,623	—	7,469	1,262	2009	2018
Horizon Commerce Park 11	1,101	—	9,892	1,101	9,892	—	10,993	1,616	2009	2019
Horizon Commerce Park 12	1,416	—	10,636	1,416	10,636	—	12,052	2,391	2009	2017
Horizon West 1	1,326	—	11,076	1,326	11,076	—	12,402	209	2020	2023
Horizon West 2 & 3	2,895	—	16,024	2,895	16,024	—	18,919	1,385	2020	2021
Horizon West 4	4,047	—	23,956	4,047	23,956	—	28,003	677	2020	2022
Jacksonville
Deerwood Distribution Center	1,147	1,799	6,765	1,147	8,564	—	9,711	5,386	1989	1978
Phillips Distribution Center	1,375	2,961	6,154	1,375	9,115	—	10,490	6,597	1994	1984/95
Lake Pointe Business Park	3,442	6,450	11,873	3,442	18,323	—	21,765	14,976	1993	1986/87
Ellis Distribution Center	540	7,513	4,477	540	11,990	—	12,530	6,771	1997	1977
Westside Distribution Center	2,011	15,374	11,524	2,011	26,898	—	28,909	16,934	1997/2008	1984/85
Beach Commerce Center	476	1,899	1,121	476	3,020	—	3,496	1,887	2000	2000
Interstate Distribution Center	1,879	5,700	2,454	1,879	8,154	—	10,033	5,506	2005	1990
Flagler Center	7,317	14,912	1,312	7,317	16,224	—	23,541	3,984	2016	1997 & 2005
Ft. Lauderdale/Palm Beach area
Linpro Commerce Center	613	2,243	4,305	616	6,545	—	7,161	5,224	1996	1986

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023 (In thousands, except footnotes)
Description	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period				Accumulated Depreciation	Year Acquired	Year Constructed
	Land	Buildings and Improvements		Land	Buildings and Improvements	Right of Use Assets (e)	Total
Lockhart Distribution Center	—	3,489	3,596	—	7,085	2,794	9,879	5,738	1997	1986
Interstate Commerce Center	485	2,652	2,208	485	4,860	—	5,345	3,294	1998	1988
Executive Airport Distribution Ctr	1,991	4,857	6,633	1,991	11,490	—	13,481	6,653	2001	2004/06
Sample 95 Business Park	2,202	8,785	5,199	2,202	13,984	—	16,186	10,309	1996/98	1990/99
Blue Heron Distribution Center	975	3,626	3,219	975	6,845	—	7,820	4,806	1999	1986
Blue Heron Distribution Center 2	1,385	4,222	2,267	1,385	6,489	—	7,874	4,093	2004	1988
Blue Heron Distribution Center 3	450	—	2,995	450	2,995	—	3,445	1,458	2004	2009
Weston Commerce Park	4,163	9,951	2,014	4,163	11,965	—	16,128	2,583	2016	1998
Fort Myers
SunCoast Commerce Center 1	911	—	5,431	928	5,414	—	6,342	2,312	2005	2008
SunCoast Commerce Center 2	911	—	5,533	928	5,516	—	6,444	2,582	2005	2007
SunCoast Commerce Center 3	1,720	—	7,292	1,763	7,249	—	9,012	3,156	2006	2008
SunCoast Commerce Center 4	1,733	—	7,705	1,762	7,676	—	9,438	1,846	2006	2017
SunCoast Commerce Center 5	1,511	—	6,880	1,594	6,797	—	8,391	1,506	2006	2019
SunCoast Commerce Center 6	1,537	—	7,139	1,594	7,082	—	8,676	1,197	2006	2019
SunCoast Commerce Center 7	1,533	—	7,175	1,533	7,175	—	8,708	686	2006	2020
SunCoast Commerce Center 8	1,533	—	6,851	1,533	6,851	—	8,384	1,096	2006	2020
SunCoast Commerce Center 10	732	—	12,565	732	12,565	—	13,297	24	2020	2023
SunCoast Commerce Center 11	785	—	9,038	785	9,038	—	9,823	299	2020	2023
SunCoast Commerce Center 12	785	—	7,831	785	7,831	—	8,616	290	2020	2022
Miami
Gateway Commerce Park 1	5,746	—	17,785	5,746	17,785	—	23,531	3,719	2016	2018
Gateway Commerce Park 3	5,491	—	13,086	3,176	15,401	—	18,577	724	2016	2022
Gateway Commerce Park 4	4,711	—	19,502	4,711	19,502	—	24,213	1,692	2016	2020
Gateway Commerce Park 5	5,746	—	18,255	5,357	18,644	—	24,001	3,576	2016	2019
CALIFORNIA
San Francisco area
Wiegman Distribution Center 1	2,197	8,788	3,338	2,308	12,015	—	14,323	8,405	1996	1986/87
Wiegman Distribution Center 2	2,579	4,316	867	2,579	5,183	—	7,762	1,520	2012	1998
Huntwood Distribution Center	3,842	15,368	4,450	3,842	19,818	—	23,660	14,420	1996	1988

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023 (In thousands, except footnotes)
Description	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period				Accumulated Depreciation	Year Acquired	Year Constructed
	Land	Buildings and Improvements		Land	Buildings and Improvements	Right of Use Assets (e)	Total
San Clemente Distribution Center	893	2,004	1,023	893	3,027	—	3,920	2,288	1997	1978
Yosemite Distribution Center	259	7,058	2,691	731	9,277	—	10,008	5,978	1999	1974/87
6th Street Business Center	1,438	9,513	7	1,438	9,520	—	10,958	406	2022	1966
Benicia Distribution Center 1	6,632	36,362	—	6,632	36,362	—	42,994	1,733	2022	2005
Benicia Distribution Center 2	7,027	36,679	523	7,027	37,202	—	44,229	1,671	2022	2001
Benicia Distribution Center 3	2,136	9,792	14	2,136	9,806	—	11,942	459	2022	1998
Benicia Distribution Center 4	3,191	12,993	—	3,191	12,993	—	16,184	685	2022	1979
Benicia Distribution Center 5	3,161	16,885	34	3,161	16,919	—	20,080	759	2022	2007
Laura Alice Business Center	1,174	2,437	—	1,174	2,437	—	3,611	129	2022	2000
Preston Distribution Center	7,261	33,833	934	7,261	34,767	—	42,028	1,520	2022	1998
Sinclair Distribution Center	12,488	27,259	462	12,488	27,721	—	40,209	1,214	2022	1983
Transit Distribution Center	21,317	10,635	2	21,317	10,637	—	31,954	566	2022	1971
Whipple Business Center	17,984	15,344	500	17,984	15,844	—	33,828	754	2022	1986
Zephyr Distribution Center	18,033	10,602	411	18,033	11,013	—	29,046	762	2022	1991
Los Angeles area
Eucalyptus Distribution Center	11,392	11,498	934	11,392	12,432	—	23,824	2,133	2018	1988
Kingsview Industrial Center	643	2,573	792	643	3,365	—	4,008	2,557	1996	1980
Dominguez Distribution Center	2,006	8,025	4,140	2,006	12,165	—	14,171	8,049	1996	1977
Main Street Distribution Center	1,606	4,103	1,276	1,606	5,379	—	6,985	3,585	1999	1999
Walnut Business Center	2,885	5,274	3,153	2,885	8,427	—	11,312	6,197	1996	1966/90
Washington Distribution Center	1,636	4,900	1,612	1,636	6,512	—	8,148	3,996	1997	1996/97
Chino Distribution Center	2,544	10,175	2,151	2,544	12,326	—	14,870	10,346	1998	1980
Ramona Distribution Center	3,761	5,751	755	3,761	6,506	—	10,267	1,463	2014	1984
Industry Distribution Center 1	10,230	12,373	5,056	10,230	17,429	—	27,659	12,503	1998	1959
Industry Distribution Center 3	—	3,012	(140)	—	2,872	—	2,872	2,859	2007	1992
Chestnut Business Center	1,674	3,465	682	1,674	4,147	—	5,821	2,515	1998	1999
Rancho Distribution Center	16,180	11,140	803	16,180	11,943	—	28,123	1,257	2020	2006
Fresno
Shaw Commerce Center	2,465	11,627	8,598	2,465	20,225	—	22,690	14,823	1998	1978/81/87
San Diego
Eastlake Distribution Center	3,046	6,888	3,935	3,046	10,823	—	13,869	6,736	1997	1989

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023 (In thousands, except footnotes)
Description	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period				Accumulated Depreciation	Year Acquired	Year Constructed
	Land	Buildings and Improvements		Land	Buildings and Improvements	Right of Use Assets (e)	Total
Miramar Land	13,980	—	29	13,981	28	—	14,009	4	2019	n/a
Ocean View Corporate Center	6,577	7,105	1,981	6,577	9,086	—	15,663	4,447	2010	2005
Rocky Point Distribution Center 1	8,857	13,388	17	8,857	13,405	—	22,262	2,478	2019	2019
Rocky Point Distribution Center 2	7,623	11,614	1,423	7,623	13,037	—	20,660	1,435	2019	2019
Siempre Viva Distribution Center 1	4,628	9,211	368	4,628	9,579	—	14,207	1,469	2018	2003
Siempre Viva Distribution Center 2	2,868	5,694	125	2,877	5,810	—	8,687	785	2019	2002
Siempre Viva Distribution Center 3-6	31,815	100,861	612	31,815	101,473	—	133,288	6,700	2021	2001-2003
Speed Distribution Center	15,282	—	57,147	15,114	57,315	—	72,429	2,968	2019	2022
Sacramento
Cebrian Distribution Center	2,360	13,488	226	2,360	13,714	—	16,074	700	2022	1975
Reed Distribution Center	4,647	28,195	359	4,647	28,554	—	33,201	1,386	2022	1990
TENNESSEE
Nashville
Park at Myatt	2,463	27,813	—	2,463	27,813	—	30,276	170	2023	2022
TEXAS
Dallas
Allen Station 1 & 2	5,815	17,612	2,190	5,815	19,802	—	25,617	4,684	2018	2001
Interstate Warehouse 1 & 2	1,746	4,941	4,145	1,746	9,086	—	10,832	8,015	1988	1978
Interstate Warehouse 3	519	2,008	1,693	519	3,701	—	4,220	2,881	2000	1979
Interstate Warehouse 4	416	2,481	927	416	3,408	—	3,824	2,182	2004	2002
Interstate Warehouse 5, 6, & 7	1,824	4,106	2,869	1,824	6,975	—	8,799	4,700	2009	1979/80/81
LakePort 1-3	2,984	—	22,641	2,984	22,641	—	25,625	3,133	2018	2020
LakePort 4 & 5	2,716	—	21,536	2,716	21,536	—	24,252	454	2018	2023
Logistics Center 6 & 7	—	12,605	3,219	—	15,824	1,634	17,458	2,777	2019	2018
Venture Warehouses	1,452	3,762	3,249	1,452	7,011	—	8,463	6,172	1988	1979
ParkView Commerce Center 1-3	2,663	—	19,198	2,663	19,198	—	21,861	5,542	2014	2015
Shady Trail Distribution Center	635	3,621	1,593	635	5,214	—	5,849	3,322	2003	1998
Valwood Distribution Center	4,361	34,405	5,400	4,361	39,805	—	44,166	15,763	2012	1986/87/97/98
Northfield Distribution Center	12,470	50,713	8,932	12,471	59,644	—	72,115	23,294	2013	1999-2001/03/04/08
CreekView 1 & 2	3,275	—	14,939	3,275	14,939	—	18,214	4,468	2015	2017

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023 (In thousands, except footnotes)
Description	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period				Accumulated Depreciation	Year Acquired	Year Constructed
	Land	Buildings and Improvements		Land	Buildings and Improvements	Right of Use Assets (e)	Total
CreekView 3 & 4	2,600	—	13,669	2,600	13,669	—	16,269	3,707	2015	2018
CreekView 5 & 6	2,682	—	12,910	2,681	12,911	—	15,592	2,446	2016	2020
CreekView 7 & 8	2,640	—	15,290	2,640	15,290	—	17,930	2,206	2016	2020
CreekView 9 & 10	3,985	—	12,277	3,987	12,275	—	16,262	606	2020	2022
The Rock at Star Business Park	5,296	27,223	295	5,296	27,518	—	32,814	5,038	2020	2019
DFW Global Logistics Centre	—	86,564	1,049	—	87,613	10,886	98,499	7,335	2021	2014/15
McKinney 3 & 4	4,228	—	22,694	4,228	22,694	—	26,922	900	2020	2022
McKinney Logistics Center	6,899	18,216	37	6,899	18,253	—	25,152	197	2023	2022
Fort Worth
Arlington Tech Centre 1 & 2	2,510	10,096	3,409	2,515	13,500	—	16,015	2,033	2019	2019
Arlington Tech Centre 3	1,725	—	8,403	1,725	8,403	—	10,128	128	2020	2023
Basswood 1 & 2	4,086	—	20,376	4,087	20,375	—	24,462	1,138	2019	2022
Parc North 1-4	4,615	26,358	7,923	4,615	34,281	—	38,896	9,198	2016	2016
Parc North 5	1,286	—	8,047	1,286	8,047	—	9,333	1,613	2016	2019
Parc North 6	1,233	—	9,622	1,233	9,622	—	10,855	1,639	2016	2019
Houston
World Houston Int’l Business Ctr 1 & 2	660	5,893	3,426	660	9,319	—	9,979	5,605	1998	1996
World Houston Int’l Business Ctr 3 & 4	820	5,130	1,404	707	6,647	—	7,354	4,189	1998	1998
World Houston Int’l Business Ctr 6	425	2,423	1,003	425	3,426	—	3,851	2,255	1998	1998
World Houston Int’l Business Ctr 7 & 8	680	4,584	5,642	680	10,226	—	10,906	7,466	1998	1998
World Houston Int’l Business Ctr 9	800	4,355	3,118	800	7,473	—	8,273	4,366	1998	1998
World Houston Int’l Business Ctr 10	933	4,779	1,270	933	6,049	—	6,982	3,618	2001	1999
World Houston Int’l Business Ctr 11	638	3,764	1,820	638	5,584	—	6,222	3,706	1999	1999
World Houston Int’l Business Ctr 12	340	2,419	854	340	3,273	—	3,613	1,903	2000	2002
World Houston Int’l Business Ctr 13	282	2,569	1,140	282	3,709	—	3,991	2,566	2000	2002
World Houston Int’l Business Ctr 14	722	2,629	1,642	722	4,271	—	4,993	2,905	2000	2003
World Houston Int’l Business Ctr 15	249	—	2,802	249	2,802	—	3,051	1,664	2000	2007
World Houston Int’l Business Ctr 16	519	4,248	2,150	519	6,398	—	6,917	3,941	2000	2005
World Houston Int’l Business Ctr 17	373	1,945	1,116	373	3,061	—	3,434	1,741	2000	2004
World Houston Int’l Business Ctr 19	373	2,256	1,384	373	3,640	—	4,013	2,443	2000	2004

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023 (In thousands, except footnotes)
Description	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period				Accumulated Depreciation	Year Acquired	Year Constructed
	Land	Buildings and Improvements		Land	Buildings and Improvements	Right of Use Assets (e)	Total
World Houston Int’l Business Ctr 20	1,008	1,948	2,218	1,008	4,166	—	5,174	2,955	2000	2004
World Houston Int’l Business Ctr 21	436	—	4,190	436	4,190	—	4,626	2,408	2000/03	2006
World Houston Int’l Business Ctr 22	436	—	4,697	436	4,697	—	5,133	2,734	2000	2007
World Houston Int’l Business Ctr 24	837	—	6,535	838	6,534	—	7,372	3,572	2005	2008
World Houston Int’l Business Ctr 25	508	—	4,636	508	4,636	—	5,144	2,426	2005	2008
World Houston Int’l Business Ctr 26	445	—	3,495	445	3,495	—	3,940	1,585	2005	2008
World Houston Int’l Business Ctr 27	837	—	5,485	838	5,484	—	6,322	3,022	2005	2008
World Houston Int’l Business Ctr 28	550	—	4,825	550	4,825	—	5,375	2,643	2005	2009
World Houston Int’l Business Ctr 29	782	—	4,162	974	3,970	—	4,944	1,865	2007	2009
World Houston Int’l Business Ctr 30	981	—	6,128	1,222	5,887	—	7,109	3,054	2007	2009
World Houston Int’l Business Ctr 31	684	—	4,778	684	4,778	—	5,462	2,244	2008	2011
World Houston Int’l Business Ctr 31B	546	—	3,739	546	3,739	—	4,285	1,744	2008	2012
World Houston Int’l Business Ctr 32	1,225	—	5,663	1,526	5,362	—	6,888	2,198	2007	2012
World Houston Int’l Business Ctr 33	1,166	—	8,228	1,166	8,228	—	9,394	3,076	2011	2013
World Houston Int’l Business Ctr 34	439	—	3,490	439	3,490	—	3,929	1,320	2005	2012
World Houston Int’l Business Ctr 35	340	—	2,610	340	2,610	—	2,950	867	2005	2012
World Houston Int’l Business Ctr 36	684	—	5,078	684	5,078	—	5,762	2,010	2011	2013
World Houston Int’l Business Ctr 37	759	—	6,786	759	6,786	—	7,545	2,625	2011	2013
World Houston Int’l Business Ctr 38	1,053	—	7,881	1,053	7,881	—	8,934	3,031	2011	2013
World Houston Int’l Business Ctr 39	620	—	5,310	621	5,309	—	5,930	1,661	2011	2014
World Houston Int’l Business Ctr 40	1,072	—	9,426	1,072	9,426	—	10,498	2,967	2011	2014
World Houston Int’l Business Ctr 41	649	—	6,111	649	6,111	—	6,760	1,904	2011	2014
World Houston Int’l Business Ctr 42	571	—	4,814	571	4,814	—	5,385	1,335	2011	2015
World Houston Int’l Business Ctr 43	443	—	6,137	443	6,137	—	6,580	1,145	2011	2019
World Houston Int’l Business Ctr 44	653	—	8,546	653	8,546	—	9,199	1,081	2011	2020
World Houston Int’l Business Ctr 45	3,243	—	13,745	3,243	13,745	—	16,988	1,963	2015	2019
World Houston Int'l Business Ctr 47	2,798	—	14,438	2,798	14,438	—	17,236	521	2015	2022
Glenmont Business Park	936	6,161	3,717	937	9,877	—	10,814	6,837	1998	1999/2000
Beltway Crossing Business Park 1	458	5,712	3,456	458	9,168	—	9,626	6,149	2002	2001
Beltway Crossing Business Park 2	415	—	3,264	415	3,264	—	3,679	1,787	2005	2007

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023 (In thousands, except footnotes)
Description	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period				Accumulated Depreciation	Year Acquired	Year Constructed
	Land	Buildings and Improvements		Land	Buildings and Improvements	Right of Use Assets (e)	Total
Beltway Crossing Business Park 3	460	—	3,409	460	3,409	—	3,869	1,893	2005	2008
Beltway Crossing Business Park 4	460	—	3,413	460	3,413	—	3,873	1,872	2005	2008
Beltway Crossing Business Park 5	701	—	5,361	701	5,361	—	6,062	3,008	2005	2008
Beltway Crossing Business Park 6	618	—	6,444	618	6,444	—	7,062	2,994	2005	2008
Beltway Crossing Business Park 7	765	—	6,321	765	6,321	—	7,086	3,186	2005	2009
Beltway Crossing Business Park 8	721	—	5,799	721	5,799	—	6,520	2,905	2005	2011
Beltway Crossing Business Park 9	418	—	2,118	418	2,118	—	2,536	815	2007	2012
Beltway Crossing Business Park 10	733	—	4,132	733	4,132	—	4,865	1,535	2007	2012
Beltway Crossing Business Park 11	690	—	4,575	690	4,575	—	5,265	1,578	2007	2013
West Road Business Park 1	621	—	4,248	541	4,328	—	4,869	1,492	2012	2014
West Road Business Park 2	981	—	4,955	854	5,082	—	5,936	1,654	2012	2014
West Road Business Park 3	597	—	4,301	520	4,378	—	4,898	1,190	2012	2015
West Road Business Park 4	621	—	4,730	541	4,810	—	5,351	1,625	2012	2015
West Road Business Park 5	484	—	4,379	421	4,442	—	4,863	1,175	2012	2018
Ten West Crossing 1	566	—	3,166	566	3,166	—	3,732	1,254	2012	2013
Ten West Crossing 2	829	—	4,534	833	4,530	—	5,363	2,108	2012	2013
Ten West Crossing 3	609	—	4,571	613	4,567	—	5,180	1,833	2012	2013
Ten West Crossing 4	694	—	4,569	699	4,564	—	5,263	1,801	2012	2014
Ten West Crossing 5	933	—	5,991	940	5,984	—	6,924	2,103	2012	2014
Ten West Crossing 6	640	—	4,741	644	4,737	—	5,381	1,640	2012	2014
Ten West Crossing 7	584	—	5,492	589	5,487	—	6,076	1,947	2012	2015
Ten West Crossing 8	1,126	—	9,554	1,135	9,545	—	10,680	2,010	2012	2019
Northwest Crossing 1-3	5,665	—	20,342	5,665	20,342	—	26,007	2,249	2019	2020
Grand West Crossing 1	2,733	—	10,968	2,726	10,975	—	13,701	304	2019	2022
Cypress Preserve 1 & 2	9,952	43,457	1,993	9,952	45,450	—	55,402	2,587	2022	2019
El Paso
Butterfield Trail	—	20,725	11,032	—	31,757	2,682	34,439	24,208	1997/2000	1987/95
Rojas Commerce Park	900	3,659	4,114	900	7,773	—	8,673	6,289	1999	1986
Americas Ten Business Center 1	526	2,778	1,687	526	4,465	—	4,991	2,866	2001	2003
Americas Ten Business Center 2	2,516	—	11,867	2,518	11,865	—	14,383	583	2020	2022

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023 (In thousands, except footnotes)
Description	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period				Accumulated Depreciation	Year Acquired	Year Constructed
	Land	Buildings and Improvements		Land	Buildings and Improvements	Right of Use Assets (e)	Total
San Antonio
Alamo Downs Distribution Center	1,342	6,338	5,309	1,342	11,647	—	12,989	5,836	2004	1986/2002
Arion Business Park 1-13, 15	4,143	31,432	11,501	4,143	42,933	—	47,076	25,527	2005	1988-2000/06
Arion Business Park 14	423	—	3,988	423	3,988	—	4,411	2,237	2005	2006
Arion Business Park 16	427	—	3,838	427	3,838	—	4,265	2,010	2005	2007
Arion Business Park 17	616	—	4,564	616	4,564	—	5,180	3,006	2005	2007
Arion Business Park 18	418	—	2,470	418	2,470	—	2,888	1,381	2005	2008
Wetmore Business Center 1-4	1,494	10,804	4,655	1,494	15,459	—	16,953	9,662	2005	1998/99
Wetmore Business Center 5	412	—	3,898	412	3,898	—	4,310	2,296	2006	2008
Wetmore Business Center 6	505	—	4,258	505	4,258	—	4,763	2,253	2006	2008
Wetmore Business Center 7	546	—	5,359	546	5,359	—	5,905	2,819	2006	2008
Wetmore Business Center 8	1,056	—	8,462	1,056	8,462	—	9,518	4,473	2006	2008
Fairgrounds Business Park	1,644	8,209	2,970	1,644	11,179	—	12,823	6,701	2007	1985/86
Rittiman Distribution Center	1,083	6,649	1,033	1,083	7,682	—	8,765	2,670	2011	2000
Thousand Oaks Distribution Center 1	607	—	5,687	607	5,687	—	6,294	2,365	2008	2012
Thousand Oaks Distribution Center 2	794	—	4,867	794	4,867	—	5,661	1,985	2008	2012
Thousand Oaks Distribution Center 3	772	—	4,728	772	4,728	—	5,500	1,941	2008	2013
Thousand Oaks Distribution Center 4	753	—	4,771	753	4,771	—	5,524	1,763	2013	2015
Alamo Ridge Business Park 1	623	—	8,527	623	8,527	—	9,150	3,430	2007	2015
Alamo Ridge Business Park 2	402	—	5,368	402	5,368	—	5,770	1,796	2007	2015
Alamo Ridge Business Park 3	907	—	10,144	907	10,144	—	11,051	2,510	2007	2017
Alamo Ridge Business Park 4	354	—	7,817	355	7,816	—	8,171	2,635	2007	2017
Eisenhauer Point Business Park 1 & 2	1,881	—	14,801	1,881	14,801	—	16,682	4,488	2015	2016
Eisenhauer Point Business Park 3	577	—	6,139	577	6,139	—	6,716	1,978	2015	2017
Eisenhauer Point Business Park 4	555	—	4,832	555	4,832	—	5,387	1,270	2015	2017
Eisenhauer Point Business Park 5	818	—	7,047	818	7,047	—	7,865	1,857	2015	2018
Eisenhauer Point Business Park 6	569	—	4,869	569	4,869	—	5,438	910	2015	2018
Eisenhauer Point Business Park 7 & 8	1,000	—	22,243	2,593	20,650	—	23,243	4,153	2016	2019
Eisenhauer Point Business Park 9	632	—	5,729	632	5,729	—	6,361	861	2016	2019
Tri-County Crossing 1 & 2	1,623	—	14,864	1,623	14,864	—	16,487	3,386	2017	2019
Tri-County Crossing 3 & 4	1,733	—	14,519	1,733	14,519	—	16,252	2,336	2017	2020

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023 (In thousands, except footnotes)
Description	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period				Accumulated Depreciation	Year Acquired	Year Constructed
	Land	Buildings and Improvements		Land	Buildings and Improvements	Right of Use Assets (e)	Total
Tri-County Crossing 5	871	—	10,411	871	10,411	—	11,282	609	2017	2022
Tri-County Crossing 6	1,033	—	9,555	1,033	9,555	—	10,588	554	2017	2022
Ridgeview 1 & 2	2,004	—	18,889	2,004	18,889	—	20,893	2,701	2018	2020
Ridgeview 3	839	—	8,564	839	8,564	—	9,403	442	2018	2022
Austin
45 Crossing	10,028	—	15,331	10,028	15,331	—	25,359	639	2021	2022
Colorado Crossing Distribution Center	4,602	19,757	2,109	4,596	21,872	—	26,468	8,809	2014	2009
Greenhill Distribution Center	802	3,273	410	802	3,683	—	4,485	765	2018	1999
Settlers Crossing 1	1,211	—	8,208	1,211	8,208	—	9,419	1,721	2017	2019
Settlers Crossing 2	1,306	—	7,554	1,306	7,554	—	8,860	1,866	2017	2019
Settlers Crossing 3 & 4	2,774	—	17,331	2,774	17,331	—	20,105	2,217	2017	2020
Southpark Corporate Center 3 & 4	2,670	14,756	1,965	2,670	16,721	—	19,391	6,145	2015	1995
Southpark Corporate Center 5-7	1,301	7,589	1,833	1,301	9,422	—	10,723	2,312	2017	1995
Springdale Business Center	2,824	8,398	2,029	2,824	10,427	—	13,251	3,111	2015	2000
Wells Point One	907	4,904	958	907	5,862	—	6,769	1,225	2020	2001
ARIZONA
Phoenix area
Broadway Industrial Park 1	837	3,349	3,083	837	6,432	—	7,269	4,820	1996	1971
Broadway Industrial Park 2	455	482	430	455	912	—	1,367	632	1999	1971
Broadway Industrial Park 3	775	1,742	1,175	775	2,917	—	3,692	1,903	2000	1983
Broadway Industrial Park 4	380	1,652	1,160	380	2,812	—	3,192	2,008	2000	1986
Broadway Industrial Park 5	353	1,090	850	353	1,940	—	2,293	1,344	2002	1980
Broadway Industrial Park 6	599	1,855	1,595	599	3,450	—	4,049	2,072	2002	1979
Broadway Industrial Park 7	450	650	370	450	1,020	—	1,470	462	2011	1999
Kyrene Distribution Center	1,490	4,453	2,945	1,490	7,398	—	8,888	5,013	1999	1981/2001
Falcon Field Business Center	1,312	—	8,010	1,312	8,010	—	9,322	1,966	2015	2018
Southpark Distribution Center	918	2,738	2,005	918	4,743	—	5,661	3,390	2001	2000
Southpark Distribution Center 2	1,785	6,882	1,600	1,785	8,482	—	10,267	695	2021	1995
Santan 10 Distribution Center 1	846	2,647	711	846	3,358	—	4,204	2,085	2001	2005
Santan 10 Distribution Center 2	1,088	—	5,533	1,088	5,533	—	6,621	3,074	2004	2007

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023 (In thousands, except footnotes)
Description	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period				Accumulated Depreciation	Year Acquired	Year Constructed
	Land	Buildings and Improvements		Land	Buildings and Improvements	Right of Use Assets (e)	Total
Chandler Freeways	1,525	—	7,512	1,525	7,512	—	9,037	2,636	2012	2013
Kyrene 202 Business Park 1	653	—	5,875	653	5,875	—	6,528	1,794	2011	2014
Kyrene 202 Business Park 2	387	—	3,452	387	3,452	—	3,839	1,080	2011	2014
Kyrene 202 Business Park 3, 4 & 5	1,244	—	12,004	1,244	12,004	—	13,248	2,531	2011	2018
Kyrene 202 Business Park 6	936	—	8,415	936	8,415	—	9,351	2,558	2011	2015
51st Avenue Distribution Center	300	2,029	1,678	300	3,707	—	4,007	2,568	1998	1987
East University Distribution Center 1 & 2	1,120	4,482	2,126	1,120	6,608	—	7,728	5,561	1998	1987/89
East University Distribution Center 3	444	698	587	444	1,285	—	1,729	699	2010	1981
55th Avenue Distribution Center	912	3,717	2,214	917	5,926	—	6,843	4,615	1998	1987
Interstate Commons Distribution Center 1	311	1,416	1,277	311	2,693	—	3,004	1,886	1999	1988
Interstate Commons Distribution Center 2	2,298	7,088	3,008	2,298	10,096	—	12,394	1,571	2019	1988/2001
Interstate Commons Distribution Center 3	242	—	3,314	242	3,314	—	3,556	1,570	2000	2008
Airport Commons Distribution Center	1,000	1,510	1,987	1,000	3,497	—	4,497	2,646	2003	1971
40th Avenue Distribution Center	703	—	6,402	703	6,402	—	7,105	3,035	2004	2008
Sky Harbor Business Park	5,839	—	23,880	5,839	23,880	—	29,719	10,752	2006	2008
Sky Harbor Business Park 6	807	—	2,165	807	2,165	—	2,972	590	2014	2015
Ten Sky Harbor Business Center	1,568	—	5,236	1,569	5,235	—	6,804	1,578	2015	2016
Gilbert Crossroads A & B	2,825	—	14,145	2,825	14,145	—	16,970	2,314	2018	2020
Gilbert Crossroads C & D	3,602	—	19,874	3,602	19,874	—	23,476	2,187	2018	2021
Mesa Gateway Commerce Center	3,514	14,801	3,246	3,514	18,047	—	21,561	587	2022	2022
Tucson
Country Club Commerce Center 1	506	3,564	4,485	693	7,862	—	8,555	4,683	1997/2003	1994/2003
Country Club Commerce Center 2	442	3,381	1,429	709	4,543	—	5,252	1,974	2007	2000
Country Club Commerce Center 3 & 4	1,407	—	12,632	1,575	12,464	—	14,039	6,123	2007	2009
Country Club Commerce Center 5	2,885	—	21,848	2,886	21,847	—	24,733	3,776	2016	2018
Airport Distribution Center	1,403	4,672	1,880	1,403	6,552	—	7,955	4,646	1998/2000	1995
Benan Distribution Center	707	1,842	928	707	2,770	—	3,477	1,804	2005	2001
NORTH CAROLINA
Charlotte area
NorthPark Business Park	2,758	15,932	6,448	2,758	22,380	—	25,138	13,276	2006	1987-89
Lindbergh Business Park	470	3,401	1,156	470	4,557	—	5,027	2,416	2007	2001/03

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023 (In thousands, except footnotes)
Description	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period				Accumulated Depreciation	Year Acquired	Year Constructed
	Land	Buildings and Improvements		Land	Buildings and Improvements	Right of Use Assets (e)	Total
Commerce Park Center 1	765	4,303	1,152	765	5,455	—	6,220	3,022	2007	1983
Commerce Park Center 2	335	1,603	568	335	2,171	—	2,506	1,036	2010	1987
Commerce Park Center 3	558	2,225	1,232	558	3,457	—	4,015	1,786	2010	1981
Nations Ford Business Park	3,924	16,171	6,641	3,924	22,812	—	26,736	13,177	2007	1989/94
Airport Commerce Center	1,454	10,136	2,995	1,454	13,131	—	14,585	6,919	2008	2001/02
Airport Commerce Center 3	855	—	8,045	855	8,045	—	8,900	1,782	2008	2019
Interchange Park 1	986	7,949	772	986	8,721	—	9,707	4,105	2008	1989
Interchange Park 2	746	1,456	410	746	1,866	—	2,612	677	2013	2000
Ridge Creek Distribution Center 1	1,284	13,163	1,471	1,284	14,634	—	15,918	6,452	2008	2006
Ridge Creek Distribution Center 2	3,033	11,497	2,180	3,033	13,677	—	16,710	5,688	2011	2003
Ridge Creek Distribution Center 3	2,459	11,147	823	2,459	11,970	—	14,429	3,554	2014	2013
Lakeview Business Center	1,392	5,068	1,618	1,392	6,686	—	8,078	2,703	2011	1996
Steele Creek 1	993	—	4,372	1,010	4,355	—	5,365	1,854	2013	2014
Steele Creek 2	941	—	4,779	957	4,763	—	5,720	1,893	2013	2014
Steele Creek 3	1,464	—	7,278	1,469	7,273	—	8,742	2,422	2013	2014
Steele Creek 4	684	—	4,178	687	4,175	—	4,862	1,480	2013	2015
Steele Creek 5	610	—	5,239	631	5,218	—	5,849	924	2013/14/15	2019
Steele Creek 6	867	—	7,391	919	7,339	—	8,258	1,929	2013/14	2016
Steele Creek 7	1,207	—	8,370	1,253	8,324	—	9,577	2,002	2013/14/15	2017
Steele Creek 8	544	—	7,773	673	7,644	—	8,317	359	2016/17	2022
Steele Creek 9	949	—	10,202	1,090	10,061	—	11,151	1,784	2016	2019
Steele Creek 10	1,221	—	10,401	1,509	10,113	—	11,622	774	2016	2021
Steele Creek 11 & 12	1,866	—	24,793	1,866	24,793	—	26,659	441	2016/17	2023
Waterford Distribution Center	654	3,392	972	654	4,364	—	5,018	2,097	2008	2000
SOUTH CAROLINA
Greenville
385 Business Park	1,308	10,822	529	1,308	11,351	—	12,659	2,029	2019	2019
Access Point 1	884	9,606	2,545	893	12,142	—	13,035	1,384	2021	2021
Access Point 2	1,010	9,604	1,729	1,012	11,331	—	12,343	761	2021	2021
Access Point 3	1,335	19,339	3,677	1,335	23,016	—	24,351	753	2022	2022

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023 (In thousands, except footnotes)
Description	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period				Accumulated Depreciation	Year Acquired	Year Constructed
	Land	Buildings and Improvements		Land	Buildings and Improvements	Right of Use Assets (e)	Total
Pelzer Point Commerce Center 1	1,308	19,433	—	1,308	19,433	—	20,741	—	2023	2021
GEORGIA
Atlanta
Shiloh 400 Business Center 1 & 2	3,092	14,216	3,123	3,064	17,367	—	20,431	4,778	2017	2008
Broadmoor Commerce Park 1	1,307	3,560	1,282	1,307	4,842	—	6,149	1,493	2017	1999
Broadmoor Commerce Park 2	519	—	7,409	519	7,409	—	7,928	1,465	2017	2018
Hurricane Shoals 1 & 2	4,284	12,449	4,274	4,284	16,723	—	21,007	4,183	2017	2017
Hurricane Shoals 3	497	—	9,842	644	9,695	—	10,339	1,007	2017	2020
Progress Center 1 & 2	1,297	9,015	420	1,297	9,435	—	10,732	2,817	2017	2017
Progress Center 3	465	4,285	15	465	4,300	—	4,765	307	2021	2008
Gwinnett 316	531	3,617	21	531	3,638	—	4,169	589	2018	1990
Cherokee 75 Business Center 1	1,183	6,727	18	1,183	6,745	—	7,928	780	2020	2020
Cherokee 75 Business Center 2	1,336	7,495	490	1,337	7,984	—	9,321	621	2021	2021
Northpoint 200	1,102	5,140	648	1,104	5,786	—	6,890	781	2021	2021
I-20 West Business Center	1,670	—	13,405	1,647	13,428	—	15,075	214	2021	2023
LOUISIANA
New Orleans
Elmwood Business Park	2,861	6,337	6,496	2,861	12,833	—	15,694	10,114	1997	1979
Riverbend Business Park	2,557	17,623	12,261	2,557	29,884	—	32,441	20,198	1997	1984
COLORADO
Denver
Airways Business Center	6,137	39,637	1,599	6,137	41,236	—	47,373	6,011	2019	2007/08
Rampart Distribution Center 1	1,023	3,861	2,611	1,023	6,472	—	7,495	5,626	1988	1987
Rampart Distribution Center 2	230	2,977	1,581	230	4,558	—	4,788	3,681	1996/97	1997
Rampart Distribution Center 3	1,098	3,884	2,827	1,098	6,711	—	7,809	4,668	1997/98	1999
Rampart Distribution Center 4	590	—	8,346	590	8,346	—	8,936	2,514	2012	2014
Concord Distribution Center	1,051	4,773	1,284	1,051	6,057	—	7,108	3,074	2007	2000
Centennial Park	750	3,319	2,156	750	5,475	—	6,225	2,674	2007	1990
NEVADA
Las Vegas
Arville Distribution Center	4,933	5,094	1,250	4,933	6,344	—	11,277	2,910	2009	1997

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023 (In thousands, except footnotes)
Description	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period				Accumulated Depreciation	Year Acquired	Year Constructed
	Land	Buildings and Improvements		Land	Buildings and Improvements	Right of Use Assets (e)	Total
Jones Corporate Park	13,068	26,325	2,408	13,068	28,733	—	41,801	6,400	2016	2016
Southwest Commerce Center	9,008	16,576	4,206	9,008	20,782	—	29,790	2,970	2019	2019
Blue Diamond Business Park	20,093	31,119	9	20,093	31,128	—	51,221	285	2023	2022
Craig Corporate Center	13,913	18,848	63	13,913	18,911	—	32,824	390	2023	2018
MISSISSIPPI
Jackson area
Interchange Business Park	343	5,007	5,848	343	10,855	—	11,198	8,233	1997	1981
Tower Automotive	—	9,958	1,959	17	11,900	—	11,917	6,902	2001	2002
Metro Airport Commerce Center 1	303	1,479	1,265	303	2,744	—	3,047	1,893	2001	2003
	812,194	1,916,485	2,106,873	814,364	4,021,188	17,996	4,853,548	1,273,108

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023 (In thousands, except footnotes)
Description	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period				Accumulated Depreciation	Year Acquired	Year Constructed
	Land	Buildings and Improvements		Land	Buildings and Improvements	Right of Use Assets (e)	Total
Development and Value-Add Properties (d):
CALIFORNIA
Hercules Land	3,561	—	—	3,561	—	—	3,561	—	2022	n/a
Reed Land	3,040	—	568	3,041	567	—	3,608	—	2022	n/a
FLORIDA
Oak Creek Distribution Center Land	106	—	720	352	474	—	826	—	2005	n/a
Horizon Commerce Park Land	650	—	426	650	426	—	1,076	—	2008/09	n/a
Gateway Commerce Park 2	3,224	—	18,901	3,224	18,901	—	22,125	267	2016	2023
Gateway Commerce Park Land	2,350	—	5,462	4,665	3,147	—	7,812	—	2016	n/a
SunCoast Commerce Center 9	1,011	—	13,012	1,011	13,012	—	14,023	—	2020	n/a
SunCoast Commerce Land	961	—	3,309	3,317	953	—	4,270	—	2020	n/a
Horizon West 6	1,188	—	7,897	1,188	7,897	—	9,085	—	2020	n/a
Horizon West 10	4,904	—	35,563	4,905	35,562	—	40,467	194	2020	2023
Horizon West Land	6,168	—	7,262	6,169	7,261	—	13,430	—	2020	n/a
Gateway South Dade 1 & 2	6,700	—	15,040	6,700	15,040	—	21,740	—	2022	n/a
Gateway South Dade Land	9,089	—	6,931	9,089	6,931	—	16,020	—	2022	n/a
MCO Logistics Center	6,769	—	10,728	6,771	10,726	—	17,497	—	2022	n/a
Lakeside Station Land	6,847	—	464	6,852	459	—	7,311	—	2023	n/a
Crossroads Logistics Park Land	15,146	—	1,475	15,147	1,474	—	16,621	—	2023	n/a
TEXAS
World Houston Golf Course Land	1,636	—	2,770	1,824	2,582	—	4,406	—	2011	n/a
Ridgeview Land	430	—	393	430	393	—	823	—	2018	n/a
Basswood 3-5	5,671	—	32,163	5,672	32,162	—	37,834	—	2019	n/a
Basswood Land	4,738	—	2,614	4,738	2,614	—	7,352	—	2019	n/a
Grand West Crossing Land	6,024	—	2,720	6,024	2,720	—	8,744	—	2019	n/a
McKinney 1 & 2	3,419	—	18,965	3,419	18,965	—	22,384	—	2020	2023
McKinney Land	4,593	—	3	4,593	3	—	4,596	—	2020	n/a
Stonefield 35 1-3	6,031	—	28,237	5,985	28,283	—	34,268	81	2021	2023
Texas Avenue Land	4,143	—	2,154	4,161	2,136	—	6,297	—	2021	n/a
Springwood Business Park 1 & 2	6,208	—	25,012	6,214	25,006	—	31,220	33	2021	2023
Heritage Grove Land	15,295	—	1,718	15,352	1,661	—	17,013	—	2022	n/a
Cypress Preserve Land	14,724	—	2,066	14,724	2,066	—	16,790	—	2022	n/a
Eisenhauer Point Business Park 10-12	4,894	—	14,352	4,894	14,352	—	19,246	—	2022	n/a

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2023 (In thousands, except footnotes)
Description	Initial Cost to the Company			Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period				Accumulated Depreciation	Year Acquired	Year Constructed
	Land		Buildings and Improvements		Land	Buildings and Improvements	Right of Use Assets (e)	Total
Eisenhauer Point 13-14 Land	2,742		—	461	2,746	457	—	3,203	—	2022	n/a
Cameron Land	30,776		—	1,966	30,772	1,970	—	32,742	—	2022	n/a
Northeast Trade Center Land	6,177		—	2,292	6,177	2,292	—	8,469	—	2023	n/a
Denton 35 Exchange 1 & 2	5,690		—	1,173	5,690	1,173	—	6,863	—	2023	n/a
Basswood North Land	23,996		—	379	23,996	379	—	24,375	—	2023	n/a
COLORADO
Arista 36 Business Park 1-3	5,878		—	8,883	5,878	8,883	—	14,761	—	2023	n/a
ARIZONA
Gateway Interchange Land	18,318		—	3,027	18,319	3,026	—	21,345	—	2022/2023	n/a
NORTH CAROLINA
Skyway Logistics Park 1 & 2	3,744		—	5,416	3,744	5,416	—	9,160	—	2021	n/a
Skyway Logistics Park Land	8,294		—	2,996	8,293	2,997	—	11,290	—	2021	n/a
SOUTH CAROLINA
Hillside 1	498		—	11,395	499	11,394	—	11,893	40	2021	2023
Hillside Land	1,095		—	4,330	1,096	4,329	—	5,425	—	2021	n/a
Hillside 4 Land	1,280		—	242	1,280	242	—	1,522	—	2022	n/a
Pelzer Point Commerce Center 2 Land	1,103		1,097	3	1,103	1,100	—	2,203	—	2023	n/a
GEORGIA
Cass White 1 & 2	2,923		—	24,671	2,923	24,671	—	27,594	—	2021	n/a
Riverside Parkway 1 & 2	1,955		—	23,970	1,958	23,967	—	25,925	—	2021	n/a
Braselton Commerce Center 3	1,425		—	7,414	1,575	7,264	—	8,839	—	2022	n/a
Braselton Land	4,048		—	672	4,057	663	—	4,720	—	2022	n/a
Greenway Land	5,785		—	2,383	5,785	2,383	—	8,168	—	2022	n/a
MISSISSIPPI
Metro Airport Commerce Center 2 Land	307		—	398	307	398	—	705	—	2001	n/a
	275,554		1,097	362,996	280,870	358,777	—	639,647	615
Total real estate owned (a)(b)	$	1,087,748	1,917,582	2,469,869	1,095,234	4,379,965	17,996	5,493,195	1,273,723

(a)  Changes in Real Estate Properties and Development and Value-Add Properties follow:                                                                                                                                                                                                                                                                                                                                                                                   

	Years Ended December 31,
	2023		2022	2021
	(In thousands)
Balance at beginning of year	$	4,934,421	4,051,325	3,519,085
Purchases of real estate properties	160,105		353,221	104,205
Development of real estate properties and value-add properties	388,213		506,154	415,260
Improvements to real estate properties	51,643		40,654	36,692
Right-of-use assets, net – ground leases	(1,395)		(3,244)	11,562
Real estate assets held for sale	—		—	(18,233)
Carrying amount of investments sold	(33,022)		(9,811)	(15,288)
Write-off of improvements	(6,770)		(3,878)	(1,958)
Balance at end of year (1)	$	5,493,195	4,934,421	4,051,325

(1) Includes noncontrolling interest in joint ventures of $774,000, $700,000 and $1,379,000 at December 31, 2023, 2022 and 2021, respectively.

Changes in the accumulated depreciation on real estate properties follow:                                                                                                                                                                                                                                                                                                                                                                                  

	Years Ended December 31,
	2023		2022	2021
	(In thousands)
Balance at beginning of year	$	1,150,814	1,035,617	955,328
Depreciation expense	141,003		125,199	104,910
Real estate assets held for sale	—		—	(12,538)
Accumulated depreciation on assets sold	(11,759)		(6,068)	(10,178)
Other	(6,335)		(3,934)	(1,905)
Balance at end of year	$	1,273,723	1,150,814	1,035,617

(b)The estimated aggregate cost of real estate properties at December 31, 2023 for federal income tax purposes was approximately $5,124,320,000 before estimated accumulated tax depreciation of $959,555,000.  The federal income tax return for the year ended December 31, 2023, has not been filed and accordingly, this estimate is based on preliminary data.

(c)The Company computes depreciation using the straight-line method over the estimated useful lives of the buildings (generally 40 years) and improvements (generally 3 to 15 years).   

(d)The Company transfers properties from the development and value-add program to Real estate properties as follows: (i) for development properties, at the earlier of 90% occupancy or one year after completion of the shell construction, and (ii) for value-add properties, at the earlier of 90% occupancy or one year after acquisition. Upon the earlier of 90% occupancy or one year after completion of the shell construction, capitalization of development costs, including interest expense, property taxes and internal personnel costs, ceases and depreciation commences on the entire property (excluding the land).

(e)The right of use assets for ground leases, net of accumulated amortization, are included in Real Estate Properties on the Consolidated Balance Sheets.