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

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, construction in progress, furniture and equipment		Total (2)		Accumulated Depreciation and Amortization (2) (3)			Date of Construction/ Renovation	Date Acquired
Avondale Shops	Washington, D.C.	Shopping Center	$	2,868	$	1,776	$	6,593	$	53	$	1,776	$	6,646	$	8,422	$	(1,183	)	2010	2019
Brookhill Azalea Shopping Center	Richmond, VA	Shopping Center		9,198		1,344		15,554		1,392		1,344		16,946		18,290		(3,521	)	2012	2019
Coral Hills Shopping Center	Capitol Heights, MD	Shopping Center		12,560		2,186		14,317		177		2,186		14,494		16,680		(3,978	)	2012	2019
Crestview Square Shopping Center	Landover Hills, MD	Shopping Center		11,947		2,853		15,717		129		2,853		15,846		18,699		(4,108	)	2012	2019
Hollinswood Shopping Center	Baltimore, MD	Shopping Center		12,436		5,907		15,050		3,630		5,907		18,680		24,587		(4,179	)	2020	2019
Midtown Colonial (4)	Williamsburg, VA	Shopping Center		4,440		3,963		10,014		3,607		3,963		13,621		17,584		(2,108	)	2018	2019
Midtown Lamonticello (4)	Williamsburg, VA	Shopping Center		4,051		3,108		12,659		280		3,108		12,939		16,047		(1,854	)	2019	2019
Vista Shops at Golden Mile	Frederick, MD	Shopping Center		11,252		4,342		10,219		460		4,342		10,679		15,021		(3,308	)	2009	2019
West Broad Commons Shopping Center	Richmond, VA	Shopping Center		11,712		1,324		18,180		439		1,324		18,619		19,943		(3,886	)	2017	2019
Lamar Station Plaza East	Lakewood, CO	Shopping Center		—		1,826		3,183		2,650		2,904		5,833		8,737		(1,587	)	1984	2020
Cromwell Field Shopping Center	Glen Burnie, MD	Shopping Center		10,597		2,256		15,618		2,413		2,256		18,031		20,287		(3,631	)	2020	2021
Highlandtown Village Shopping Center	Baltimore, MD	Shopping Center		8,712		2,998		4,341		111		2,998		4,452		7,450		(2,112	)	1987	2021
The Shops at Greenwood Village	Greenwood Village, CO	Shopping Center		22,218		3,170		27,560		809		3,242		28,369		31,611		(6,182	)	2019	2021
Lamar Station Plaza West	Lakewood, CO	Shopping Center		18,927		8,774		13,996		993		8,773		14,989		23,762		(1,963	)	2016	2022
Midtown Row	Williamsburg, VA	Mixed-Use		92,169		7,960		116,778		2,077		7,960		118,855		126,815		(5,777	)	2021	2022
Total			$	233,087	$	53,787	$	299,779	$	19,220	$	54,936	$	318,999	$	373,935	$	(49,377	)

(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, 2023 and 2022 is as follows:

	For the year ended December 31,
(in thousands)	2023			2022
Cost
Balance at beginning of period	$	410,102		$	253,125
Acquisitions		—			149,956
Dispositions and write off		(44,774	)		—
Capitalized costs		8,607			7,021
Balance at end of period	$	373,935		$	410,102
Accumulated depreciation and amortization
Balance at beginning of period	$	38,608		$	21,620
Depreciation and amortization		18,967			16,988
Dispositions and write off		(8,198	)		—
Balance at end of period	$	49,377		$	38,608

The unaudited aggregate tax value of real estate assets for federal income tax purposes as of December 31, 2023 is estimated to be $269.6 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.