Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2018

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

Real Estate and Accumulated Depreciation

Schedule III – Real Estate and Accumulated Depreciation as of December 31, 2018

(Dollars in thousands)



		Land ⁽¹⁾						Buildings, Improvements, Lease Intangibles and CIP ⁽¹⁾
Market	Number of Properties	Initial Investment		Cost Capitalized Subsequent to Acquisition		Total		Initial Investment		Cost Capitalized Subsequent to Acquisition		Total		Personal Property		(2) (3) (5) Total Property		(1) (3) Accumulated Depreciation		(4) Encumbrances		Date Acquired	Date Constructed
Dallas, TX	25	$	16,668	$	243	$	16,911	$	345,126	$	118,951	$	464,077	$	430	$	481,418	$	166,980	$	—	2003-2010	1974-2008
Seattle, WA	19	27,050		1,817		28,867		407,491		31,389		438,880		419		468,166		69,148		31,868		2008-2018	1957-2009
Nashville, TN	6	20,004		49		20,053		115,061		61,196		176,257		1,041		197,351		53,052		—		2004-2018	1960-2015
Atlanta, GA	8	588		427		1,015		187,088		2,079		189,167		37		190,219		11,547		32,597		2017	1999-2014
Los Angela, CA	12	27,281		428		27,709		117,144		40,352		157,496		316		185,521		87,678		23,103		1993-2017	1973-1998
Charlotte, NC	16	4,163		37		4,200		150,022		12,900		162,922		99		167,221		60,389		—		2008-2013	1961-2008
Denver, CO	9	13,887		2,627		16,514		108,206		23,554		131,760		273		148,547		20,315		7,789		2010-2018	1977-2015
Richmond, VA	7	—		—		—		139,636		8,173		147,809		106		147,915		38,288		—		2011	1992-2005
Honolulu, HI	3	8,314		13		8,327		93,839		40,198		134,037		159		142,523		34,703		—		2003-2004	1975-2010
Des Moines, IA	7	12,584		81		12,665		116,647		10,416		127,063		99		139,827		30,376		1,262		2008-2014	2002-2009
Houston, TX	8	13,408		264		13,672		96,894		22,024		118,918		77		132,667		39,195		—		1993-2014	1984-2012
Oklahoma City, OK	3	9,077		350		9,427		111,043		409		111,452		10		120,889		14,751		6,225		2010-2018	1981-2014
San Francisco, CA	3	14,054		—		14,054		93,852		11,759		105,611		43		119,708		15,539		—		2015-2017	1975-2014
Springfield, MO	1	1,989		—		1,989		109,304		—		109,304		—		111,293		14,893		—		2013	2013
Austin, TX	5	14,233		3		14,236		70,976		20,840		91,816		119		106,171		20,766		—		2007-2015	1972-2015
Washington, D.C.	4	—		—		—		93,730		7,456		101,186		8		101,194		20,701		11,980		2004-2017	1967-2005
Memphis, TN	7	5,241		—		5,241		68,180		22,786		90,966		191		96,398		35,109		—		1999-2013	1993-2007
San Antonio, TX	7	6,617		30		6,647		62,760		26,194		88,954		378		95,979		37,877		—		1996-2010	1978-2011
Chicago, IL	3	5,859		—		5,859		69,964		16,104		86,068		201		92,128		19,372		—		2004-2018	1993-2009
Indianapolis, IN	3	3,299		—		3,299		68,994		3,366		72,360		—		75,659		21,299		—		2008-2010	2005-2008
Minneapolis, MN	4	2,090		—		2,090		61,078		683		61,761		—		63,851		7,750		19,576		2014-2017	1974-2010
Other (21 markets)	40	18,098		458		18,556		436,620		89,162		525,782		1,190		545,528		201,243		8,808		1993-2016	1906-2009
Total Real Estate	200	224,504		6,827		231,331		3,123,655		569,991		3,693,646		5,196		3,930,173		1,020,971		143,208
Land Held for Develop.	—	24,647		—		24,647		—		—		—		—		24,647		393		—
Construction in Progress	—	—		—		—		—		—		33,107		—		33,107		—		—
Corporate Property	—	—		—		—		—		—		—		5,500		5,500		4,467		—
Total Properties	200	$	249,151	$	6,827	$	255,978	$	3,123,655	$	569,991	$	3,726,753	$	10,696	$	3,993,427	$	1,025,831	$	143,208


(1)	Includes one asset held for sale as of December 31, 2018 of approximately $19.4 million (gross) and accumulated depreciation of $10.7 million.


(2)	Total properties as of December 31, 2018 have an estimated aggregate total cost of $4.0 billion for federal income tax purposes.


(3)	Depreciation is provided for on a straight-line basis on buildings and improvements over 3.3 to 39.0 years, lease intangibles over to 2.1 to 99.0 years, personal property over 2.8 to 20.0 years, and land improvements over 5.0 to 39.0 years.


(4)	Includes unamortized premium of $1.8 million and unaccreted discount of $1.0 million and issuance costs of $0.7 million as of December 31, 2018.


(5)	Rollforward of Total Property and Accumulated Depreciation, including assets held for sale, for the year ended December 31, 2018, 2017 and 2016 follows:



	Year Ended December 31, 2018						Year Ended December 31, 2017						Year Ended December 31, 2016
(Dollars in thousands)	Total Property			Accumulated Depreciation			Total Property			Accumulated Depreciation			Total Property			Accumulated Depreciation
Beginning Balance	$	3,907,010		$	933,220		$	3,633,993		$	843,816		$	3,382,680		$	762,996
Additions during the period:
Real Estate acquired	112,591			4,175			322,616			4,206			239,265			3,898
Other improvements	74,317			157,385			59,442			135,807			70,595			121,592
Land held for development	4,525			153			—			74			—			26
Construction in Progress	27,649			—			14,598			—			35,596			—
Retirement/dispositions:
Real Estate	(132,665		)	(69,102		)	(123,639		)	(50,683		)	(94,143		)	(44,696		)
Land held for development	—			—			—			—			—			—
Ending Balance	$	3,993,427		$	1,025,831		$	3,907,010		$	933,220		$	3,633,993		$	843,816