Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2024

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	$	2,746	$	1,776	$	6,593	$	12	$	1,776	$	6,605	$	8,381	$	(1,410	)	2010	2019
Brookhill Azalea Shopping Center	Richmond, VA	Shopping Center		9,198		1,344		15,554		1,409		1,344		16,963		18,307		(4,341	)	2012	2019
Coral Hills Shopping Center	Capitol Heights, MD	Shopping Center		12,385		2,186		14,317		177		2,186		14,494		16,680		(4,454	)	2012	2019
Crestview Square Shopping Center	Landover Hills, MD	Shopping Center		11,856		2,853		15,717		137		2,853		15,854		18,707		(4,800	)	2012	2019
Hollinswood Shopping Center	Baltimore, MD	Shopping Center		12,104		5,907		15,050		3,859		5,907		18,909		24,816		(5,154	)	2020	2019
Midtown Colonial	Williamsburg, VA	Shopping Center		10,030		3,963		10,014		3,955		3,963		13,969		17,932		(2,866	)	2018	2019
Midtown Lamonticello	Williamsburg, VA	Shopping Center		8,961		3,108		12,659		253		3,108		12,912		16,020		(2,313	)	2019	2019
Vista Shops at Golden Mile	Frederick, MD	Shopping Center		15,985		4,342		10,219		579		4,342		10,798		15,140		(3,802	)	2009	2019
West Broad Commons Shopping Center	Richmond, VA	Shopping Center		11,545		1,324		18,180		460		1,324		18,640		19,964		(4,832	)	2017	2019
Lamar Station Plaza East	Lakewood, CO	Shopping Center		—		1,826		3,183		2,660		2,904		5,843		8,747		(2,038	)	1984	2020
Cromwell Field Shopping Center	Glen Burnie, MD	Shopping Center		12,508		2,256		15,618		2,128		2,256		17,746		20,002		(4,588	)	2020	2021
Highlandtown Village Shopping Center	Baltimore, MD	Shopping Center		8,721		2,998		4,341		111		2,998		4,452		7,450		(2,606	)	1987	2021
The Shops at Greenwood Village	Greenwood Village, CO	Shopping Center		21,643		3,170		27,560		721		3,242		28,281		31,523		(8,333	)	2019	2021
Lamar Station Plaza West	Lakewood, CO	Shopping Center		18,585		8,774		13,996		1,969		8,773		15,965		24,738		(3,758	)	2016	2022
Midtown Row	Williamsburg, VA	Mixed-Use		92,897		7,960		116,778		2,079		7,960		118,857		126,817		(8,834	)	2021	2022
Total			$	249,164	$	53,787	$	299,779	$	20,509	$	54,936	$	320,288	$	375,224	$	(64,129	)

(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, 2024 and 2023 is as follows:

	For the year ended December 31,
(in thousands)	2024			2023
Cost
Balance at beginning of period	$	373,935		$	410,102
Acquisitions		—			—
Dispositions and write off		(952	)		(44,774	)
Capitalized costs		2,241			8,607
Balance at end of period	$	375,224		$	373,935
Accumulated depreciation and amortization
Balance at beginning of period	$	49,377		$	38,608
Depreciation and amortization		15,075			18,967
Dispositions and write off		(323	)		(8,198	)
Balance at end of period	$	64,129		$	49,377

The unaudited aggregate tax value of real estate assets for federal income tax purposes as of December 31, 2024 is estimated to be $267.1 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.