Real Estate And Accumulated Depreciation

12 Months Ended

Dec. 31, 2019

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Real Estate and Accumulated Depreciation

WEINGARTEN REALTY INVESTORS

REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2019

(Amounts in thousands)

	Initial Cost to Company						Gross Amounts Carried at Close of Period
Description	Land		Building and Improvements		Cost Capitalized Subsequent  to Acquisition		Land		Building and Improvements		Total (1)		Accumulated Depreciation			Total Costs, Net of Accumulated Depreciation		Encumbrances (2)			Date of Acquisition / Construction
Centers:
10-Federal Shopping Center	$	1,791	$	7,470	$	1,417	$	1,791	$	8,887	$	10,678	$	(7,694	)	$	2,984	$	(6,191	)	03/20/2008
580 Market Place	3,892		15,570		4,136		3,889		19,709		23,598		(9,794		)	13,804		—			04/02/2001
8000 Sunset Strip Shopping Center	18,320		73,431		8,776		18,320		82,207		100,527		(19,366		)	81,161		—			06/27/2012
Alabama Shepherd Shopping Center	637		2,026		8,401		1,062		10,002		11,064		(6,158		)	4,906		—			04/30/2004
Argyle Village Shopping Center	4,524		18,103		4,813		4,526		22,914		27,440		(10,688		)	16,752		—			11/30/2001
Avent Ferry Shopping Center	1,952		7,814		1,494		1,952		9,308		11,260		(4,371		)	6,889		—			04/04/2002
Baybrook Gateway	10,623		30,307		5,283		10,623		35,590		46,213		(6,412		)	39,801		—			02/04/2015
Bellaire Blvd. Shopping Center	124		37		936		1,011		86		1,097		(49		)	1,048		—			11/13/2008
Blalock Market at I-10	—		4,730		2,097		—		6,827		6,827		(5,688		)	1,139		—			12/31/1990
Boca Lyons Plaza	3,676		14,706		6,277		3,651		21,008		24,659		(9,367		)	15,292		—			08/17/2001
Broadway Marketplace	898		3,637		2,234		906		5,863		6,769		(3,964		)	2,805		—			12/16/1993
Brownsville Commons	1,333		5,536		618		1,333		6,154		7,487		(2,196		)	5,291		—			05/22/2006
Bull City Market	930		6,651		1,001		930		7,652		8,582		(2,910		)	5,672		—			06/10/2005
Cambrian Park Plaza	48,803		1,089		189		48,851		1,230		50,081		(1,001		)	49,080		—			02/27/2015
Camelback Miller Plaza	9,176		26,898		154		9,176		27,052		36,228		(430		)	35,798		—			06/27/2019
Camelback Village Square	—		8,720		1,511		—		10,231		10,231		(6,497		)	3,734		—			09/30/1994
Camp Creek Marketplace II	6,169		32,036		4,946		4,697		38,454		43,151		(12,393		)	30,758		—			08/22/2006
Capital Square	1,852		7,406		2,272		1,852		9,678		11,530		(4,694		)	6,836		—			04/04/2002
Centerwood Plaza	915		3,659		3,697		914		7,357		8,271		(3,698		)	4,573		—			04/02/2001
Charleston Commons Shopping Center	23,230		36,877		3,791		23,210		40,688		63,898		(14,411		)	49,487		—			12/20/2006
Chino Hills Marketplace	7,218		28,872		13,424		7,234		42,280		49,514		(23,453		)	26,061		—			08/20/2002
Citadel Building	3,236		6,168		9,067		534		17,937		18,471		(15,349		)	3,122		—			12/30/1975
College Park Shopping Center	2,201		8,845		8,000		2,641		16,405		19,046		(12,481		)	6,565		(11,425		)	11/16/1998
Colonial Plaza	10,806		43,234		16,507		10,813		59,734		70,547		(33,169		)	37,378		—			02/21/2001
Countryside Centre	15,523		29,818		10,717		15,559		40,499		56,058		(16,712		)	39,346		—			07/06/2007
Covington Esplanade	10,571		18,509		—		10,571		18,509		29,080		(79		)	29,001		—			11/18/2019
Crossing At Stonegate	6,400		23,384		356		6,400		23,740		30,140		(2,797		)	27,343		(13,614		)	02/12/2016

	Initial Cost to Company						Gross Amounts Carried at Close of Period
Description	Land		Building and Improvements		Cost Capitalized Subsequent  to Acquisition		Land		Building and Improvements		Total (1)		Accumulated Depreciation			Total Costs, Net of Accumulated Depreciation		Encumbrances (2)			Date of Acquisition / Construction
Deerfield Mall	$	10,522	$	94,321	$	7,445	$	27,806	$	84,482	$	112,288	$	(10,259	)	$	102,029	$	—		05/05/2016
Desert Village Shopping Center	3,362		14,969		2,488		3,362		17,457		20,819		(4,763		)	16,056		—			10/28/2010
Edgewater Marketplace	4,821		11,225		835		4,821		12,060		16,881		(3,429		)	13,452		—			11/19/2010
El Camino Promenade	4,431		20,557		5,020		4,429		25,579		30,008		(11,272		)	18,736		—			05/21/2004
Embassy Lakes Shopping Center	2,803		11,268		2,515		2,803		13,783		16,586		(6,018		)	10,568		—			12/18/2002
Entrada de Oro Plaza Shopping Center	6,041		10,511		2,120		6,115		12,557		18,672		(5,020		)	13,652		—			01/22/2007
Epic Village St. Augustine	283		1,171		3,702		320		4,836		5,156		(3,780		)	1,376		—			09/30/2009
Falls Pointe Shopping Center	3,535		14,289		1,649		3,542		15,931		19,473		(6,840		)	12,633		—			12/17/2002
Festival on Jefferson Court	5,041		13,983		4,048		5,022		18,050		23,072		(8,235		)	14,837		—			12/22/2004
Fiesta Trails	8,825		32,790		14,342		11,267		44,690		55,957		(16,895		)	39,062		—			09/30/2003
Fountain Plaza	1,319		5,276		2,591		1,095		8,091		9,186		(5,065		)	4,121		—			03/10/1994
Francisco Center	1,999		7,997		4,963		2,403		12,556		14,959		(8,958		)	6,001		(10,379		)	11/16/1998
Freedom Centre	2,929		15,302		6,009		6,944		17,296		24,240		(7,815		)	16,425		—			06/23/2006
Galleria Shopping Center	10,795		10,339		9,490		10,504		20,120		30,624		(6,594		)	24,030		—			12/11/2006
Galveston Place	2,713		5,522		6,242		3,279		11,198		14,477		(9,031		)	5,446		—			11/30/1983
Gateway Plaza	4,812		19,249		5,611		4,808		24,864		29,672		(12,503		)	17,169		(23,000		)	04/02/2001
Grayson Commons	3,180		9,023		619		3,163		9,659		12,822		(3,739		)	9,083		(3,858		)	11/09/2004
Greenhouse Marketplace	4,607		22,771		4,581		4,750		27,209		31,959		(11,954		)	20,005		—			01/28/2004
Griggs Road Shopping Center	257		2,303		678		257		2,981		3,238		(1,966		)	1,272		—			03/20/2008
Harrisburg Plaza	1,278		3,924		1,424		1,278		5,348		6,626		(4,399		)	2,227		(9,496		)	03/20/2008
HEB - Dairy Ashford & Memorial	1,717		4,234		—		1,717		4,234		5,951		(1,474		)	4,477		—			03/06/2012
Heights Plaza Shopping Center	58		699		2,613		1,055		2,315		3,370		(1,816		)	1,554		—			06/30/1995
High House Crossing	2,576		10,305		656		2,576		10,961		13,537		(5,067		)	8,470		—			04/04/2002
Highland Square	—		—		1,970		—		1,970		1,970		(708		)	1,262		—			10/06/1959
Hilltop Village Center	3,196		7,234		53,978		3,960		60,448		64,408		(23,748		)	40,660		—			01/01/2016
Hope Valley Commons	2,439		8,487		541		2,439		9,028		11,467		(2,403		)	9,064		—			08/31/2010
I45/Telephone Rd.	678		11,182		535		678		11,717		12,395		(7,123		)	5,272		(11,461		)	03/20/2008
Independence Plaza I & II	19,351		31,627		2,538		19,351		34,165		53,516		(10,347		)	43,169		(12,921		)	06/11/2013
Lakeside Marketplace	6,064		22,989		3,806		6,150		26,709		32,859		(10,246		)	22,613		—			08/22/2006
Largo Mall	10,817		40,906		8,715		10,810		49,628		60,438		(21,000		)	39,438		—			03/01/2004
League City Plaza	1,918		7,592		3,229		2,261		10,478		12,739		(5,905		)	6,834		—			03/20/2008
Leesville Towne Centre	7,183		17,162		1,927		7,223		19,049		26,272		(7,972		)	18,300		—			01/30/2004
Lowry Town Center	1,889		23,165		617		1,889		23,782		25,671		(2,272		)	23,399		—			09/14/2016

	Initial Cost to Company							Gross Amounts Carried at Close of Period
Description	Land		Building and Improvements		Cost Capitalized Subsequent  to Acquisition			Land		Building and Improvements		Total (1)		Accumulated Depreciation			Total Costs, Net of Accumulated Depreciation		Encumbrances (2)			Date of Acquisition / Construction
Madera Village Shopping Center	$	3,788	$	13,507	$	1,590		$	3,816	$	15,069	$	18,885	$	(5,540	)	$	13,345	$	—		03/13/2007
Madison Village Marketplace	3,157		13,123		115			3,158		13,237		16,395		(311		)	16,084		—			03/28/2019
Market at Westchase Shopping Center	1,199		5,821		4,241			1,415		9,846		11,261		(6,815		)	4,446		—			02/15/1991
Mendenhall Commons	2,655		9,165		1,092			2,677		10,235		12,912		(3,949		)	8,963		—			11/13/2008
Monte Vista Village Center	1,485		58		5,817			755		6,605		7,360		(4,369		)	2,991		—			12/31/2004
Mueller Regional Retail Center	10,382		56,303		1,578			10,382		57,881		68,263		(16,169		)	52,094		—			10/03/2013
North Creek Plaza	6,915		25,625		7,792			7,617		32,715		40,332		(14,100		)	26,232		—			08/19/2004
North Towne Plaza	960		3,928		9,644			879		13,653		14,532		(9,616		)	4,916		—			02/15/1990
North Towne Plaza	6,646		99		(5,553		)	259		933		1,192		(682		)	510		—			04/01/2010
Northwoods Shopping Center	1,768		7,071		758			1,772		7,825		9,597		(3,685		)	5,912		—			04/04/2002
Oak Forest Shopping Center	760		2,726		7,290			1,358		9,418		10,776		(6,814		)	3,962		—			12/30/1976
Oracle Wetmore Shopping Center	24,686		26,878		8,494			13,813		46,245		60,058		(16,548		)	43,510		—			01/22/2007
Overton Park Plaza	9,266		37,789		16,513			9,264		54,304		63,568		(24,977		)	38,591		—			10/24/2003
Parliament Square II	2		10		1,183			3		1,192		1,195		(1,105		)	90		—			06/24/2005
Perimeter Village	29,701		42,337		5,202			34,404		42,836		77,240		(16,708		)	60,532		(29,616		)	07/03/2007
Phillips Crossing	—		1		28,515			872		27,644		28,516		(15,768		)	12,748		—			09/30/2009
Phoenix Office Building	1,696		3,255		1,700			1,773		4,878		6,651		(2,260		)	4,391		—			01/31/2007
Pike Center	—		40,537		3,314			—		43,851		43,851		(14,558		)	29,293		—			08/14/2012
Plantation Centre	3,463		14,821		2,409			3,471		17,222		20,693		(7,125		)	13,568		—			08/19/2004
Pueblo Anozira Shopping Center	2,750		11,000		5,764			2,768		16,746		19,514		(10,975		)	8,539		(13,581		)	06/16/1994
Raintree Ranch Center	11,442		595		18,021			10,983		19,075		30,058		(12,403		)	17,655		—			03/31/2008
Rancho San Marcos Village	3,533		14,138		6,141			3,887		19,925		23,812		(8,918		)	14,894		—			02/26/2003
Rancho Towne and Country	1,161		4,647		773			1,166		5,415		6,581		(3,474		)	3,107		—			10/16/1995
Randalls Center/Kings Crossing	3,570		8,147		761			3,585		8,893		12,478		(6,033		)	6,445		—			11/13/2008
Red Mountain Gateway	2,166		89		13,012			3,317		11,950		15,267		(5,810		)	9,457		—			12/31/2003
Richmond Square	1,993		953		12,996			14,037		1,905		15,942		(1,382		)	14,560		—			12/31/1996
Ridgeway Trace	26,629		544		26,306			16,100		37,379		53,479		(18,013		)	35,466		—			11/09/2006
River Oaks Shopping Center - East	1,354		1,946		392			1,363		2,329		3,692		(2,044		)	1,648		—			12/04/1992
River Oaks Shopping Center - West	3,320		17,741		35,242			3,993		52,310		56,303		(29,007		)	27,296		—			12/04/1992
River Point at Sheridan	28,898		4,042		26,705			11,819		47,826		59,645		(15,461		)	44,184		—			04/01/2010
Roswell Corners	6,136		21,447		6,903			7,103		27,383		34,486		(10,300		)	24,186		—			06/24/2004
Roswell Crossing Shopping Center	7,625		18,573		1,480			7,625		20,053		27,678		(6,862		)	20,816		—			07/18/2012

	Initial Cost to Company							Gross Amounts Carried at Close of Period
Description	Land		Building and Improvements		Cost Capitalized Subsequent  to Acquisition			Land		Building and Improvements		Total (1)		Accumulated Depreciation			Total Costs, Net of Accumulated Depreciation		Encumbrances (2)			Date of Acquisition / Construction
San Marcos Plaza	$	1,360	$	5,439	$	1,394		$	1,358	$	6,835	$	8,193	$	(3,110	)	$	5,083	$	—		04/02/2001
Scottsdale Horizon	—		3,241		39,756			12,914		30,083		42,997		(7,405		)	35,592		—			01/22/2007
Scottsdale Waterfront	10,281		40,374		1,848			21,586		30,917		52,503		(2,957		)	49,546		—			08/17/2016
Sea Ranch Centre	11,977		4,219		2,356			11,977		6,575		18,552		(2,154		)	16,398		—			03/06/2013
Shoppes at Bears Path	3,252		5,503		1,797			3,290		7,262		10,552		(2,931		)	7,621		—			03/13/2007
Shoppes at Memorial Villages	1,417		4,786		13,153			3,332		16,024		19,356		(9,438		)	9,918		—			01/11/2012
Shoppes of South Semoran	5,339		9,785		(1,315		)	5,672		8,137		13,809		(2,950		)	10,859		—			08/31/2007
Shops at Kirby Drive	1,201		945		272			1,202		1,216		2,418		(540		)	1,878		—			05/27/2008
Shops at Three Corners	6,215		9,303		11,448			10,587		16,379		26,966		(11,868		)	15,098		—			12/31/1989
Silver Creek Plaza	3,231		12,924		9,876			3,228		22,803		26,031		(8,624		)	17,407		—			04/02/2001
Six Forks Shopping Center	6,678		26,759		6,668			6,728		33,377		40,105		(16,531		)	23,574		—			04/04/2002
Southampton Center	4,337		17,349		3,353			4,333		20,706		25,039		(10,656		)	14,383		(19,750		)	04/02/2001
Southgate Shopping Center	232		8,389		777			231		9,167		9,398		(6,227		)	3,171		(6,353		)	03/20/2008
Squaw Peak Plaza	816		3,266		3,563			818		6,827		7,645		(4,389		)	3,256		—			12/20/1994
Stevens Creek Central	41,812		45,997		—			41,812		45,997		87,809		(169		)	87,640		—			11/08/2019
Stonehenge Market	4,740		19,001		2,877			4,740		21,878		26,618		(10,528		)	16,090		—			04/04/2002
Stony Point Plaza	3,489		13,957		11,401			3,453		25,394		28,847		(13,411		)	15,436		—			04/02/2001
Sunset 19 Shopping Center	5,519		22,076		25,410			5,899		47,106		53,005		(13,421		)	39,584		—			10/29/2001
The Centre at Post Oak	13,731		115		25,591			17,822		21,615		39,437		(14,868		)	24,569		—			12/31/1996
The Commons at Dexter Lake	4,946		18,948		4,064			4,988		22,970		27,958		(10,210		)	17,748		—			11/13/2008
The Palms at Town & Country	56,833		195,203		8,181			79,673		180,544		260,217		(20,529		)	239,688		—			07/27/2016
The Shops at Hilshire Village	12,929		20,666		—			12,929		20,666		33,595		(141		)	33,454		—			10/24/2019
The Westside Center	14,952		10,350		558			14,952		10,908		25,860		(1,282		)	24,578		—			12/22/2015
The Whittaker	5,237		19,395		3,386			5,315		22,703		28,018		(1,318		)	26,700		—			01/01/2019
Thompson Bridge Commons	604		—		625			513		716		1,229		(165		)	1,064		—			04/26/2005
Thousand Oaks Shopping Center	2,973		13,142		1,190			2,973		14,332		17,305		(6,364		)	10,941		(11,595		)	03/20/2008
TJ Maxx Plaza	3,400		19,283		4,268			3,430		23,521		26,951		(9,756		)	17,195		—			03/01/2004
Tomball Marketplace	9,616		262		26,559			6,726		29,711		36,437		(15,395		)	21,042		—			04/12/2006
Trenton Crossing/North McAllen	9,855		29,133		2,803			9,855		31,936		41,791		(4,255		)	37,536		—			08/31/2015
Valley Shopping Center	4,293		13,736		5,298			8,910		14,417		23,327		(4,258		)	19,069		—			04/07/2006
Vizcaya Square Shopping Center	3,044		12,226		2,631			3,044		14,857		17,901		(6,660		)	11,241		—			12/18/2002
Wellington Green Commons & Pad	16,500		32,489		3,179			16,500		35,668		52,168		(4,773		)	47,395		(17,338		)	04/20/2015

	Initial Cost to Company						Gross Amounts Carried at Close of Period
Description	Land		Building and Improvements		Cost Capitalized Subsequent  to Acquisition		Land		Building and Improvements		Total (1)		Accumulated Depreciation			Total Costs, Net of Accumulated Depreciation		Encumbrances (2)			Date of Acquisition / Construction
West Jordan Town Center	$	4,306	$	17,776	$	1,082	$	3,269	$	19,895	$	23,164	$	(8,158	)	$	15,006	$	—		12/19/2003
Westchase Shopping Center	3,085		7,920		13,611		3,189		21,427		24,616		(14,532		)	10,084		(15,527		)	08/29/1978
Westhill Village Shopping Center	408		3,002		6,679		437		9,652		10,089		(6,206		)	3,883		—			05/01/1958
Westminster Center	11,215		44,871		10,117		11,204		54,999		66,203		(27,707		)	38,496		(47,250		)	04/02/2001
Winter Park Corners	2,159		8,636		13,490		2,257		22,028		24,285		(5,667		)	18,618		—			09/06/2001
	837,327		2,105,287		813,747		897,103		2,859,258		3,756,361		(1,075,771		)	2,680,590		(263,355		)
New Development/Redevelopment:
West Alex	39,029		2,669		135,828		45,637		131,889		177,526		—			177,526		—			11/01/2016
The Driscoll at River Oaks	214		—		70,096		790		69,520		70,310		—			70,310		—			12/04/1992
	39,243		2,669		205,924		46,427		201,409		247,836		—			247,836		—
Miscellaneous (not to exceed 5% of total)	80,374		3,096		57,582		61,734		79,318		141,052		(34,904		)	106,148		—
Total of Portfolio	$	956,944	$	2,111,052	$	1,077,253	$	1,005,264	$	3,139,985	$	4,145,249	$	(1,110,675	)	$	3,034,574	$	(263,355	)

___________________

(1) The book value of our net real estate assets is in excess of tax basis by approximately $286.2 million at December 31, 2019.

(2) Encumbrances do not include $17.4 million outstanding under fixed-rate mortgage debt associated with a tenancy-in-common arrangement, $1.5 million of non-cash debt related items and $(.7) million of deferred debt costs.

Depreciation is computed using the straight-line method, generally over estimated useful lives of 18-40 years for buildings and 10-20 years for parking lot surfacing and equipment. Tenant and leasehold improvements are depreciated over the remaining life of the lease or the useful life whichever is shorter.

The changes in total cost of the properties were as follows (in thousands):

	Year Ended December 31,
	2019			2018			2017
Balance at beginning of year	$	4,105,068		$	4,498,859		$	4,789,145
Additions at cost	389,858			164,150			137,462
Retirements or sales	(349,603		)	(547,821		)	(334,105		)
Property held for sale	—			—			(78,721		)
Impairment loss	(74		)	(10,120		)	(14,922		)
Balance at end of year	$	4,145,249		$	4,105,068		$	4,498,859

The changes in accumulated depreciation were as follows (in thousands):

	Year Ended December 31,
	2019			2018			2017
Balance at beginning of year	$	1,108,188		$	1,166,126		$	1,184,546
Additions at cost	109,825			118,664			132,900
Retirements or sales	(107,338		)	(176,602		)	(127,391		)
Property held for sale	—			—			(23,929		)
Balance at end of year	$	1,110,675		$	1,108,188		$	1,166,126