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Schedule III - Real Estate and Accumulated Depreciation
12 Months Ended
Dec. 31, 2023
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III - Real Estate and Accumulated Depreciation
Cedar Realty Trust, Inc.
Schedule III
Real Estate and Accumulated Depreciation
PropertyEncumbrancesGross
leasable
area
Initial cost to the CompanySubsequent
cost
capitalized (c)
LandBuilding and
Improvements
Brickyard Plaza (a)227,598 $7,632,000 $29,308,000 $(812,000)
Carll's Corner116,532 3,034,000 15,293,000 (12,541,000)
Coliseum Marketplace (b)106,648 2,924,000 14,416,000 (2,936,000)
Fairview Commons (a)50,119 858,000 3,568,000 462,000 
Fieldstone Marketplace193,970 5,229,000 21,440,000 (3,206,000)
Gold Star Plaza (a)71,720 1,644,000 6,519,000 (115,000)
Golden Triangle (a)202,790 2,320,000 9,713,000 12,162,000 
Hamburg Square (a)102,058 1,153,000 4,678,000 6,571,000 
Kings Plaza168,243 2,413,000 12,604,000 2,611,000 
Oakland Commons90,100 2,504,000 15,662,000 (4,668,000)
Oregon Avenue— 2,247,000 18,616,000 (16,969,000)
Patuxent Crossing (b)264,068 14,849,000 18,445,000 1,916,000 
Pine Grove Plaza (a)79,306 2,010,000 6,489,000 652,000 
South Philadelphia221,511 8,222,000 36,314,000 (8,670,000)
Southington Center (a)155,842 — 11,834,000 1,464,000 
Timpany Plaza$9,060,000182,799 3,412,000 19,240,000 (3,801,000)
Trexler Mall(a)342,541 6,932,000 32,815,000 13,705,000 
Washington Centers Shoppes (a)157,300 2,061,000 7,314,000 7,617,000 
Webster Commons (a)98,984 3,551,000 18,412,000 (1,518,000)
Othern/a— 1,965,000 — (1,399,000)
Total Portfolio 2,832,129 $74,960,000 $302,680,000 $(9,475,000)
 Gross amount at which carried at
December 31, 2023
Accumulated
depreciation
Year built/
Year last
renovated
Year
acquired
Depreciation
life
(continued)
PropertyLandBuilding and
improvements
Total
Brickyard Plaza $7,648,000 $28,480,000 $36,128,000 $14,894,000 1990/20122004
3 - 40 years
Carll's Corner220,000 5,566,000 5,786,000 4,756,000 1960s-19992007
3 - 40 years
Coliseum Marketplace 3,586,000 10,818,000 14,404,000 7,182,000 1987/20122005
3 - 40 years
Fairview Commons 858,000 4,030,000 4,888,000 1,964,000 1976/20032007
3 - 40 years
Fieldstone Marketplace5,167,000 18,296,000 23,463,000 12,593,000 1988/20032005/2012
3 - 40 years
Gold Star Plaza 1,644,000 6,404,000 8,048,000 3,018,000 19882006
3 - 40 years
Golden Triangle 2,320,000 21,875,000 24,195,000 12,063,000 1960/20052003
3 - 40 years
Hamburg Square 1,153,000 11,249,000 12,402,000 5,263,000 1993/20102004
3 - 40 years
Kings Plaza2,408,000 15,220,000 17,628,000 5,970,000 1970/19942007
3 - 40 years
Oakland Commons2,504,000 10,994,000 13,498,000 6,654,000 1962/20132007
3 - 40 years
Oregon Avenue2,141,000 1,753,000 3,894,000 177,000 20112016
3 - 40 years
Patuxent Crossing 13,211,000 21,999,000 35,210,000 11,563,000 1985-19972009
3 - 40 years
Pine Grove Plaza 1,622,000 7,529,000 9,151,000 4,062,000 2001/20022003
3 - 40 years
South Philadelphia8,222,000 27,644,000 35,866,000 22,627,000 1950/20032003
3 - 40 years
Southington Center — 13,298,000 13,298,000 6,591,000 1972/20002003
3 - 40 years
Timpany Plaza3,368,000 15,483,000 18,851,000 8,349,000 1970's-19892007
3 - 40 years
Trexler Mall6,932,000 46,520,000 53,452,000 21,946,000 1973/20132005
3 - 40 years
Washington Centers Shoppes 2,000,000 14,992,000 16,992,000 7,719,000 1979/19952001
3 - 40 years
Webster Commons 4,081,000 16,364,000 20,445,000 8,892,000 1960's-20042007
3 - 40 years
Other— 566,000 566,000 206,000 n/an/an/a
 Total Portfolio$69,085,000 $299,080,000 $368,165,000 $166,489,000 
Cedar Realty Trust, Inc.
Schedule III
Real Estate and Accumulated Depreciation
The changes in real estate and accumulated depreciation for the years ended December 31, 2023 and 2022, respectively, are as follows:
Cost20232022
Balance, beginning of the year$364,110,000 $369,827,000 
Properties transferred to/from held for sale— (11,495,000)
Disposals(2,401,000)— 
Property impairments— (16,629,000)
Improvements and betterments6,456,000 22,407,000 
Balance, end of the year$368,165,000 (d)$364,110,000 
     
Accumulated depreciation    
Balance, beginning of the year$157,468,000 $155,250,000 
Properties transferred to/from held for sale— (15,339,000)
Disposals(945,000)— 
Depreciation expense (e)9,966,000 17,557,000 
Balance, end of the year$166,489,000 $157,468,000 
     
Net book value$201,676,000 $206,642,000 
(a)Properties secure the Term Loan Agreement, 10 properties.
(b)Properties secure the Patuxent Crossing/Coliseum Marketplace Loan Agreement.
(c)Negative amounts represent write-offs of fully depreciated assets and impairments.
(d)At December 31, 2023, the aggregate cost for federal income tax purposes was approximately $86.3 million greater than the Company's recorded values.
(e)Depreciation is provided over the estimated useful lives of the buildings and improvements, which range from 3 to 40 years.