Schedule III - 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

Schedule III – Real Estate and Accumulated Depreciation as of December 31, 2019



Dollars in thousands		LAND ¹						BUILDINGS, IMPROVEMENTS, LEASE INTANGIBLES AND CIP ¹
MARKET	NUMBER OF PROP.	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 CONST.
Seattle, WA	25	$	54,446	$	4,119	$	58,565	$	490,461	$	42,306	$	532,767	$	421	$	591,753	$	88,890	$	22,666	2008-2019	1957-2010
Dallas, TX	25	18,785		409		19,194		372,644		124,039		496,683		442		516,319		181,556		—		2003-2019	1974-2018
Los Angeles, CA	14	43,719		667		44,386		161,322		44,507		205,829		347		250,562		95,979		22,340		1993-2019	1973-1998
Atlanta, GA	9	3,251		428		3,679		209,400		3,109		212,509		84		216,272		20,040		31,715		2017-2019	1999-2014
Nashville, TN	6	20,004		49		20,053		115,061		65,402		180,463		1,109		201,625		64,038		—		2004-2018	1960-2015
Charlotte, NC	16	4,163		37		4,200		159,340		16,921		176,261		105		180,566		67,040		—		2008-2013	1961-2008
Denver, CO	9	13,887		2,627		16,514		106,183		27,821		134,004		271		150,789		25,265		7,565		2010-2018	1977-2015
Washington, DC	6	—		—		—		141,467		8,837		150,304		21		150,325		25,097		11,707		2004-2019	1967-2005
Richmond, VA	7	—		—		—		139,636		9,496		149,132		106		149,238		44,204		—		2011	1992-2005
Houston, TX	9	15,475		736		16,211		107,902		24,111		132,013		78		148,302		44,229		—		1993-2019	1984-2012
Honolulu, HI	3	8,314		13		8,327		93,839		41,802		135,641		159		144,127		39,165		—		2003-2004	1975-2010
Des Moines, IA	7	12,584		81		12,665		114,527		11,874		126,401		99		139,165		34,725		515		2008-2014	2002-2009
Oklahoma, City, OK	4	9,838		563		10,401		114,212		1,494		115,706		15		126,122		19,351		5,985		2010-2019	1970-2014
Indianapolis, IN	4	3,299		—		3,299		112,718		6,129		118,847		—		122,146		26,082		—		2008-2019	1992-2008
San Francisco, CA	3	14,054		—		14,054		93,852		13,544		107,396		43		121,493		20,906		—		2015-2017	1975-2014
Springfield, MO	1	1,989		—		1,989		109,304		—		109,304		—		111,293		17,740		—		2013	2013
Austin, TX	5	14,233		3		14,236		70,976		21,833		92,809		123		107,168		24,048		—		2007-2015	1972-2015
Memphis, TN	7	5,241		—		5,241		66,868		25,640		92,508		194		97,943		37,582		—		1999-2013	1993-2007
San Antonio, TX	6	6,456		31		6,487		62,161		26,422		88,583		404		95,474		40,573		—		1996-2010	1978-2011
Chicago, IL	3	5,859		—		5,859		69,993		17,595		87,588		211		93,658		23,540		—		2004-2018	1993-2009
Minneapolis, MN	4	2,090		—		2,090		61,078		1,281		62,359		—		64,449		10,486		18,907		2014-2017	1974-2010
Other (16 markets)	31	16,434		645		17,079		388,102		87,307		475,409		806		493,294		165,159		7,943		1993-2019	1906-2009
Total real estate	204	274,121		10,408		284,529		3,361,046		621,470		3,982,516		5,038		4,272,083		1,115,695		129,343
Construction in progress	—	—		—		—		—		—		48,731		—		48,731				—
Land held for develop.	—	24,647		—		24,647		—		—		—		—		24,647		671		—
Memphis redevelopment	—	5,222		—		5,222		3,810		—		3,810		—		9,032		50		—
Corporate property	—	—		—		—		—		—		—		5,500		5,500		4,686		—
Total properties	204	$	303,990	$	10,408	$	314,398	$	3,364,856	$	621,470	$	4,035,057	$	10,538	$	4,359,993	$	1,121,102	$	129,343


1	The Company had no assets held for sale as of December 31, 2019.


2	Total properties as of December 31, 2019 have an estimated aggregate total cost of $4.4 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 2.1 to 99.0 years, personal property over 2.8 to 20.0 years, and land improvements over 3.0 to 39.0 years.


4	Includes unamortized premium of $1.2 million and unaccreted discount of $0.5 million and issuance costs of $0.5 million as of December 31, 2019.

5Rollforward of Total Property and Accumulated Depreciation, including assets held for sale, for the year ended December 31, 2019, 2018 and 2017 follows:



	YEAR ENDED DEC. 31, 2019						YEAR ENDED DEC. 31, 2018						YEAR ENDED DEC. 31, 2017
Dollars in thousands	TOTAL PROPERTY			ACCUMULATED DEPRECIATION			TOTAL PROPERTY			ACCUMULATED DEPRECIATION			TOTAL PROPERTY			ACCUMULATED DEPRECIATION
Beginning Balance	$	3,993,427		$	1,025,831		$	3,907,010		$	933,220		$	3,633,993		$	843,816
Additions during the period
Real Estate acquired	384,762			9,285			112,591			4,175			322,616			4,206
Other improvements	71,666			165,367			74,317			157,385			59,442			135,807
Land held for development	—			278			4,525			153			—			74
Construction in Progress	15,625			—			27,649			—			14,598			—
Retirement/dispositions
Real Estate	(105,487		)	(79,659		)	(132,665		)	(69,102		)	(123,639		)	(50,683		)
Land held for development	—						—			—			—			—
Ending Balance	$	4,359,993		$	1,121,102		$	3,993,427		$	1,025,831		$	3,907,010		$	933,220

All other schedules for which provision is made in the applicable accounting regulations of the Securities and Exchange Commission are omitted because they are not required under the related instructions or are not applicable, or because the required information is shown in the consolidated financial statements or notes thereto.