Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2021

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, 2021

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, 4 TOTAL PROPERTY		1, 2 ACCUMULATED DEPRECIATION		3 ENCUMBRANCES		DATE ACQUIRED	DATE CONST.
Seattle, WA	27	$	55,631	$	4,386	$	60,017	$	542,648	$	64,621	$	607,269	$	698	$	667,984	$	137,982	$	—	2008-2020	1957-2018
Dallas, TX	22	23,377		865		24,242		366,674		139,734		506,408		598		531,248		200,711		—		2003-2021	1974-2018
Los Angeles, CA	16	62,661		2,937		65,598		238,992		50,439		289,431		432		355,461		107,855		50,742		1993-2021	1964-2018
Charlotte, NC	16	4,164		36		4,200		159,388		19,609		178,997		105		183,302		80,714		—		2008-2013	1961-2019
Atlanta, GA	15	11,171		3,346		14,517		289,006		5,932		294,938		80		309,535		43,384		16,308		2017-2021	1974-2014
Denver, CO	18	20,569		4,656		25,225		246,081		39,552		285,633		543		311,401		46,561		7,080		2010-2021	1977-2020
Houston, TX	11	20,645		1,623		22,268		126,325		30,206		156,531		95		178,894		56,307		—		1993-2021	1984-2012
Washington, DC	7	1,171		565		1,736		149,349		12,156		161,505		34		163,275		36,401		—		2004-2021	1967-2011
Nashville, TN	10	32,099		1,387		33,486		138,471		78,537		217,008		1,417		251,911		80,657		—		2004-2021	1976-2021
Memphis, TN	10	12,253		1,090		13,343		100,538		60,957		161,495		235		175,073		51,486		—		1999-2020	1982-2021
Indianapolis, IN	4	3,300		—		3,300		110,325		7,733		118,058		13		121,371		34,527		—		2008-2019	1992-2008
Honolulu, HI	3	8,313		14		8,327		93,839		43,315		137,154		169		145,650		47,821		—		2003-2004	1975-2010
Austin, TX	6	17,691		1,046		18,737		87,113		24,277		111,390		129		130,256		31,088		—		2007-2021	1986-2015
San Francisco, CA	3	14,054		—		14,054		91,163		17,770		108,933		43		123,030		28,393		—		2015-2017	1975-2015
Richmond, VA	6	—		—		—		98,714		11,346		110,060		123		110,183		41,513		—		2011	1992-2003
Des Monies, IA	4	7,986		81		8,067		79,976		11,418		91,394		99		99,560		33,940		—		2008-2014	2002-2008
San Diego, CA	4	17,962		1,161		19,123		53,630		910		54,540		12		73,675		3,774		16,655		2020-2021	1982-2006
Colorado Springs, CO	7	6,005		1,126		7,131		94,493		17,783		112,276		25		119,432		21,256		—		2006-2021	1982-2011
San Antonio, TX	6	6,456		31		6,487		61,077		30,125		91,202		398		98,087		45,756		—		1996-2010	1978-2011
Chicago, IL	2	—		—		—		47,142		13,704		60,846		81		60,927		20,204		—		2004-2018	1993-2005
Other (15 markets)	45	32,123		5,937		38,060		518,416		84,635		603,051		894		642,005		182,226		13,865		1993-2021
Total real estate	242	357,631		30,287		387,918		3,693,360		764,759		4,458,119		6,223		4,852,260		1,332,556		104,650
Land held for develop.	—	24,849		—		24,849		—		—		—		—		24,849		1,166		—
Construction in Progress	—	—		—		—		3,974		—		3,974		—		3,974		—		—
Corporate property	—	—		—		—		—		—		—		5,538		5,538		5,021		—
Financing lease right-of-use assets	—	—		—		—		—		—		—		—		31,576		—		—
Investment in financing receivables, net	—	—		—		—		—		—		—		—		186,745		—		—
Total properties	242	382,480		$	30,287	$	412,767	$	3,697,334	$	764,759	$	4,462,093	$	11,761	$	5,104,942	$	1,338,743	$	104,650

1The Company had no assets held for sale as of December 31, 2021.

2Depreciation is provided for on a straight-line basis on buildings and improvements over 3.3 to 44.0 years, lease intangibles over 1.4 to 99.0 years, personal property over 3.0 to 20.0 years, and land improvements over 3.0 to 39.0 years.

3Includes unamortized premium of $1.7 million and unaccreted discount of $0.1 million and issuance costs of $0.7 million as of December 31, 2021.

4Rollforward of Total Property and Accumulated Depreciation, including assets held for sale, for the year ended December 31, 2021, 2020 and 2019 follows:

	YEAR ENDED DEC. 31, 2021				YEAR ENDED DEC. 31, 2020				YEAR ENDED DEC. 31, 2019
Dollars in thousands	TOTAL PROPERTY		ACCUMULATED DEPRECIATION		TOTAL PROPERTY		ACCUMULATED DEPRECIATION		TOTAL PROPERTY		ACCUMULATED DEPRECIATION
Beginning balance	$	4,670,226	$	1,249,679	$	4,359,993	$	1,121,102	$	3,993,427	$	1,025,831
Additions during the period
Real estate acquired	374,912		7,668		430,205		8,313		384,762		9,285
Other improvements	103,035		191,875		80,462		178,636		71,666		165,367
Land held for development	2,021		—		2,579		282		—		278
Construction in progress	3,974		—		—		—		15,625		—
Investment in financing receivable, net	186,745		—		—		—		—		—
Financing lease right-of-use assets, net	11,909		—		19,667		—		—		—
Retirement/dispositions
Real estate	(247,880)		(110,479)		(222,680)		(58,654)		(105,487)		(79,659)
Ending balance	$	5,104,942	$	1,338,743	$	4,670,226	$	1,249,679	$	4,359,993	$	1,121,102

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.