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

BROAD STREET REALTY, INC. AND SUBSIDIARIES

Schedule III

Real Estate and Accumulated Depreciation

(dollars in thousands)

					Initial Cost to Company						Gross Amount at Which Carried at Close of Period
Property Name	Location	Property Type	Encumbrances		Land		Building and improvements and intangible lease assets and liabilities		Cost Capitalized Subsequent to Acquisition		Land		Building and improvements and intangible lease assets and liabilities		Total(1)		Accumulated Depreciation(1) (2)			Date of Construction/ Renovation	Date Acquired
Avondale Shops (3)	Washington, D.C.	Shopping Center	$	4,411	$	1,776	$	6,593	$	7	$	1,776	$	6,600	$	8,376	$	(652	)	2010	2019
Brookhill Azalea Shopping Center	Richmond, VA	Shopping Center		9,033		1,344		15,554		52		1,344		15,606		16,950		(2,022	)	2012	2019
Coral Hills Shopping Center (4)	Capitol Heights, MD	Shopping Center		10,720		2,186		14,317		-		2,186		14,317		16,503		(2,618	)	2012	2019
Crestview Square Shopping Center (4)	Landover Hills, MD	Shopping Center		11,903		2,853		15,717		106		2,853		15,823		18,676		(2,262	)	2012	2019
Dekalb Plaza (4)	East Norriton, PA	Shopping Center		14,840		7,573		17,479		1,081		7,573		18,560		26,133		(2,115	)	2017	2019
Hollinswood Shopping Center (3)	Baltimore, MD	Shopping Center		14,891		5,907		15,050		3,955		5,907		19,005		24,912		(2,173	)	2020	2019
Midtown Colonial (4)	Williamsburg, VA	Shopping Center		8,624		3,963		10,014		924		3,963		10,938		14,901		(1,049	)	2018	2019
Midtown Lamonticello (4)	Williamsburg, VA	Shopping Center		9,905		3,108		12,659		239		3,108		12,898		16,006		(937	)	2019	2019
Vista Shops at Golden Mile (3)	Frederick, MD	Shopping Center		16,185		4,342		10,219		92		4,342		10,311		14,653		(1,732	)	2009	2019
West Broad Commons Shopping Center (4)	Richmond, VA	Shopping Center		11,720		1,324		18,180		51		1,324		18,231		19,555		(2,035	)	2017	2019
Lamar Station Plaza East	Lakewood, CO	Shopping Center		3,507		1,826		3,183		1,097		1,826		4,280		6,106		(628	)	1984	2020
Cromwell Field Shopping Center	Glen Burnie, MD	Shopping Center		13,761		2,256		15,618		7		2,256		15,625		17,881		(955	)	2020	2021
Highlandtown Village Shopping Center	Baltimore, MD	Shopping Center		7,325		2,998		4,341		-		2,998		4,341		7,339		(492	)	1987	2021
Spotswood Valley Square Shopping Center	Harrissonburg, VA	Shopping Center		14,636		4,715		9,685		-		4,715		9,685		14,400		(1,255	)	1997	2021
The Shops at Greenwood Village	Greenwood Village, CO	Shopping Center		23,296		3,170		27,560		4		3,170		27,564		30,734		(695	)	2019	2021
Total				174,759	$	49,341	$	196,169	$	7,615	$	49,341	$	203,784	$	253,125	$	(21,620	)

(1)The changes in total real estate and accumulated depreciation for the years ended December 31, 2021 and 2020 is as follows:

	For the year ended December 31,
(in thousands)	2021		2020
Cost
Balance at beginning of period	$	181,725	$	170,094
Acquisitions		68,087		7,265
Capitalized costs		3,313		4,302
Purchase price accounting adjustment		-		64
Balance at end of period	$	253,125	$	181,725
Accumulated Depreciation
Balance at beginning of period	$	9,625	$	116
Depreciation		11,995		9,509
Balance at end of period	$	21,620	$	9,625

The unaudited aggregate tax value of real estate assets for federal income tax purposes as of December 31, 2021 is estimated to be $154.7 million.

(2)The cost of building and improvements is depreciated on a straight-line basis over the estimated useful lives of the buildings and improvements, ranging primarily from 7.5 to 45 years. The cost of intangible lease assets are depreciated on a straight-line basis over the initial term of the related leases, ranging up to 19 years. See Note 2 to the consolidated financial statements for information on useful lives used for depreciation and amortization.

(3)The loan is encumbered by the Basis Preferred Interest.

(4)The loan is encumbered by the Basis Term Loan.