Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2022

SEC Schedule, 12-28, Real Estate Companies, Investment in 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 (1)		Land		Building and improvements, intangible lease assets and liabilities and furniture and equipment		Cost Capitalized Subsequent to Acquisition			Land		Building and improvements, intangible lease assets and liabilities, furniture and equipment		Total (2)		Accumulated Depreciation and Amortization (2) (3)			Date of Construction/ Renovation	Date Acquired
Avondale Shops	Washington, D.C.	Shopping Center	$	2,985	$	1,776	$	6,593	$	53		$	1,776	$	6,646	$	8,422	$	(920	)	2010	2019
Brookhill Azalea Shopping Center	Richmond, VA	Shopping Center		8,762		1,344		15,554		476			1,344		16,030		17,374		(2,976	)	2012	2019
Coral Hills Shopping Center (4)	Capitol Heights, MD	Shopping Center		10,689		2,186		14,317		(1	)		2,186		14,316		16,502		(3,365	)	2012	2019
Crestview Square Shopping Center (4)	Landover Hills, MD	Shopping Center		11,924		2,853		15,717		83			2,853		15,800		18,653		(3,236	)	2012	2019
Dekalb Plaza (4)	East Norriton, PA	Shopping Center		14,558		7,573		17,479		2,148			7,573		19,627		27,200		(3,210	)	2017	2019
Hollinswood Shopping Center	Baltimore, MD	Shopping Center		12,760		5,907		15,050		3,953			5,907		19,003		24,910		(3,273	)	2020	2019
Midtown Colonial (4)	Williamsburg, VA	Shopping Center		8,429		3,963		10,014		3,728			3,963		13,742		17,705		(1,622	)	2018	2019
Midtown Lamonticello (4)	Williamsburg, VA	Shopping Center		9,839		3,108		12,659		276			3,108		12,935		16,043		(1,374	)	2019	2019
Vista Shops at Golden Mile	Frederick, MD	Shopping Center		11,478		4,342		10,219		132			4,342		10,351		14,693		(2,541	)	2009	2019
West Broad Commons Shopping Center (4)	Richmond, VA	Shopping Center		11,647		1,324		18,180		232			1,324		18,412		19,736		(2,951	)	2017	2019
Lamar Station Plaza East	Lakewood, CO	Shopping Center		—		1,826		3,183		2,571			2,904		5,754		8,658		(1,088	)	1984	2020
Cromwell Field Shopping Center	Glen Burnie, MD	Shopping Center		10,113		2,256		15,618		355			2,256		15,973		18,229		(2,517	)	2020	2021
Highlandtown Village Shopping Center	Baltimore, MD	Shopping Center		7,090		2,998		4,341		10			2,998		4,351		7,349		(1,314	)	1987	2021
Spotswood Valley Square Shopping Center	Harrisonburg, VA	Shopping Center		14,241		4,715		9,685		—			4,715		9,685		14,400		(3,141	)	1997	2021
The Shops at Greenwood Village	Greenwood Village, CO	Shopping Center		22,772		3,170		27,560		1,209			3,242		28,769		32,011		(3,711	)	2019	2021
Lamar Station Plaza West (5)	Lakewood, CO	Shopping Center		18,317		8,774		13,996		64			8,774		14,060		22,834		(292	)	2016	2022
Midtown Row (5)	Williamsburg, VA	Mixed-Use		93,870		7,960		116,778		645			7,960		117,423		125,383		(1,077	)	2021	2022
Total				269,474		66,075		326,943		15,934			67,225		342,877		410,102		(38,608	)

(1)Includes fair market value of debt adjustments and debt discount, net

(2)The changes in total real estate and accumulated depreciation and amortization for the years ended December 31, 2022 and 2021 is as follows:

	For the year ended December 31,
(in thousands)	2022		2021
Cost
Balance at beginning of period	$	253,125	$	181,725
Acquisitions		149,956		68,087
Capitalized costs		7,021		3,313
Balance at end of period	$	410,102	$	253,125
Accumulated depreciation and amortization
Balance at beginning of period	$	21,620	$	9,625
Depreciation and amortization		16,988		11,995
Balance at end of period	$	38,608	$	21,620

The unaudited aggregate tax value of real estate assets for federal income tax purposes as of December 31, 2022 is estimated to be $300.6 million.

(3)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 5 to 49 years. The cost of intangible lease assets and liabilities is amortized 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.

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

(5)In November 2022, the Company completed the acquisition of these properties.