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Schedule III - Consolidated 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]

Consolidated Real Estate and Accumulated Depreciation


					Initial Cost							Total Cost
Shopping Centers	State	Mortgages or Encumbrances(1)			Land & Land Improvements		Building & Improvements		Cost Capitalized Subsequent to Acquisition (2)			Land & Land Improvements		Building & Improvements		Total		Accumulated Depreciation			Year Constructed or Last Major Renovation		Year Acquired
101 7th Avenue	NY	$	—			48,340		34,895		(71,357	)		7,020		4,858		11,878		(962	)		1930		2017
111 Kraft Avenue	NY		—			1,220		3,932		28			1,220		3,960		5,180		(149	)		1902		2023
1175 Third Avenue	NY		—			40,560		25,617		6,071			40,560		31,688		72,248		(5,190	)		1995		2017
1225-1239 Second Ave	NY		—			23,033		17,173		(678	)		23,033		16,495		39,528		(3,400	)		1987		2017
200 Potrero	CA		—			4,860		2,251		135			4,860		2,386		7,246		(620	)		1928		2017
22 Crescent Road	CT		—			2,198		272		(318	)		2,152		—		2,152		—			1984		2017
25 Valley Drive	CT		—			3,141		2,945		15			3,141		2,960		6,101		(151	)		1977		2023
260-270 Sawmill Road	NY		—			3,943		58		—			3,943		58		4,001		(6	)		1953		2023
27 Purchase Street	NY		—			903		2,239		71			903		2,310		3,213		(92	)				2023
321-323 Railroad Ave	CT		—			3,044		2,414		33			3,044		2,447		5,491		(120	)		1983		2023
410 South Broadway	NY		—			2,372		1,603		—			2,372		1,603		3,975		(60	)		1936		2023
470 Main Street	CT		—			1,021		4,361		55			1,021		4,416		5,437		(264	)		1972		2023
48 Purchase Street	NY		—			1,214		4,414		17			1,214		4,431		5,645		(167	)				2023
4S Commons Town Center	CA		—			30,760		35,830		3,983			30,812		39,761		70,573		(32,030	)		2004		2004
6401 Roosevelt	WA		—			2,685		934		362			2,685		1,296		3,981		(199	)		1929		2019
90 - 30 Metropolitan Avenue	NY		—			16,614		24,171		485			16,614		24,656		41,270		(5,627	)		2007		2017
91 Danbury Road	CT		—			732		851		—			732		851		1,583		(220	)		1965		2017
970 High Ridge Center	CT		—			5,695		5,204		62			5,695		5,266		10,961		(268	)		1960		2023
Airport Plaza	CT		—			1,293		11,119		5			1,293		11,124		12,417		(470	)		1974		2023
Alafaya Village	FL		—			3,004		5,852		340			3,004		6,192		9,196		(1,609	)		1986		2017
Alden Bridge	TX		(26,000	)		17,014		21,958		810			17,014		22,768		39,782		(3,275	)		1998		2002
Aldi Square	CT		—			6,394		1,704		—			6,394		1,704		8,098		(163	)		2014		2023
Amerige Heights Town Center	CA		—			10,109		11,288		1,644			10,109		12,932		23,041		(7,250	)		2000		2000
Anastasia Plaza	FL		—			9,065		—		(2,298	)		3,012		3,755		6,767		(2,026	)		1988		1993
Apple Valley Square	MN		—			5,438		21,328		(2,588	)		5,451		18,727		24,178		(3,460	)		1998		2006
Arcadian Shopping Center	NY		—			14,546		26,716		604			14,546		27,320		41,866		(1,207	)		1978		2023
Ashford Place	GA		—			2,584		9,865		1,899			2,584		11,764		14,348		(9,852	)		1993		1997
Atlantic Village	FL		—			4,282		18,827		2,143			4,868		20,384		25,252		(7,102	)		2014		2017
Avenida Biscayne	FL		—			88,098		20,771		2,228			91,150		19,947		111,097		(5,179	)		1991		2017
Aventura Shopping Center	FL		—			2,751		10,459		11,159			9,486		14,883		24,369		(6,247	)		2017		1994
Baederwood Shopping Center	PA		(24,365	)		12,016		33,556		848			12,016		34,404		46,420		(3,420	)		1999		2023
Balboa Mesa Shopping Center	CA		—			23,074		33,838		14,036			27,758		43,190		70,948		(22,430	)		2014		2012
Banco Popular Building	FL		—			2,160		1,137		(1,289	)		2,003		5		2,008		—			1971		2017
Belleview Square	CO		—			8,132		9,756		5,292			8,323		14,857		23,180		(11,312	)		2013		2004
Belmont Chase	VA		—			13,881		17,193		(173	)		14,372		16,529		30,901		(10,378	)		2014		2014
Berkshire Commons	FL		—			2,295		9,551		3,112			2,965		11,993		14,958		(10,213	)		1992		1994
Bethany Park Place	TX		(10,200	)		4,832		12,405		534			4,832		12,939		17,771		(1,941	)		1998		1998
Bethel Hub Center	CT		—			1,738		3,918		144			1,738		4,062		5,800		(199	)		1957		2023
Biltmore Shopping Center	NY		—			4,632		3,766		39			4,632		3,805		8,437		(187	)		1967		2023
Bird 107 Plaza	FL		—			10,371		5,136		152			10,371		5,288		15,659		(1,673	)		1990		2017
Bird Ludlam	FL		—			42,663		38,481		1,353			42,663		39,834		82,497		(10,952	)		1998		2017
Black Rock	CT		(15,148	)		22,251		20,815		702			22,251		21,517		43,768		(8,161	)		1996		2014
Blakeney Town Center	NC		—			82,411		89,165		4,066			82,491		93,151		175,642		(11,316	)		2006		2021
Bloomfield Crossing	NJ		—			3,365		11,453		6			3,365		11,459		14,824		(534	)				2023
Bloomingdale Square	FL		—			3,940		14,912		23,599			8,639		33,812		42,451		(15,482	)		2021		1998
Blossom Valley	CA		(22,300	)		31,988		5,850		737			31,988		6,587		38,575		(1,197	)		1990		1999


					Initial Cost							Total Cost
Shopping Centers	State	Mortgages or Encumbrances(1)			Land & Land Improvements		Building & Improvements		Cost Capitalized Subsequent to Acquisition (2)			Land & Land Improvements		Building & Improvements		Total		Accumulated Depreciation			Year Constructed or Last Major Renovation		Year Acquired
Boca Village Square	FL		—			43,888		9,726		419			43,888		10,145		54,033		(3,876	)		2014		2017
Boonton ACME Shopping Center	NJ		(10,358	)		8,664		9,601		—			8,664		9,601		18,265		(533	)		1999		2023
Boulevard Center	CO		—			3,659		10,787		4,840			3,659		15,627		19,286		(10,223	)		1986		1999
Boynton Lakes Plaza	FL		—			2,628		11,236		5,382			3,606		15,640		19,246		(10,396	)		2012		1997
Boynton Plaza	FL		—			12,879		20,713		810			12,879		21,523		34,402		(6,170	)		2015		2017
Brentwood Plaza	MO		—			2,788		3,473		416			2,788		3,889		6,677		(2,113	)		2002		2007
Briarcliff La Vista	GA		—			694		3,292		1,122			694		4,414		5,108		(3,515	)		1962		1997
Briarcliff Village	GA		—			4,597		24,836		6,316			5,519		30,230		35,749		(23,762	)		1990		1997
Brick Walk	CT		(30,591	)		25,299		41,995		2,283			25,299		44,278		69,577		(14,980	)		2007		2014
BridgeMill Market	GA		—			7,521		13,306		1,221			7,522		14,526		22,048		(4,929	)		2000		2017
Bridgeton	MO		—			3,033		8,137		740			3,067		8,843		11,910		(4,272	)		2005		2007
Brighten Park	GA		—			3,983		18,687		12,248			3,887		31,031		34,918		(24,273	)		2016		1997
Broadway Plaza	NY		—			40,723		42,170		2,593			40,723		44,763		85,486		(12,008	)		2014		2017
Brooklyn Station on Riverside	FL		—			7,019		8,688		358			6,998		9,067		16,065		(3,831	)		2013		2013
Brookside Plaza	CT		—			35,161		17,494		8,185			36,238		24,602		60,840		(8,602	)		2006		2017
Buckhead Court	GA		—			1,417		7,432		4,642			1,417		12,074		13,491		(10,806	)		1984		1997
Buckhead Landing	GA		—			45,502		16,642		25,563			51,511		36,196		87,707		(3,085	)	1998/2024			2017
Buckhead Station	GA		—			70,411		36,518		3,033			70,448		39,514		109,962		(12,377	)		1996		2017
Buckley Square	CO		—			2,970		5,978		1,622			2,921		7,649		10,570		(5,449	)		1978		1999
Caligo Crossing	FL		—			2,459		4,897		185			2,546		4,995		7,541		(4,364	)		2007		2007
Cambridge Square	GA		—			774		4,347		(2,419	)		774		1,928		2,702		(1,401	)		1979		1996
Carmel Commons	NC		—			2,466		12,548		6,294			3,419		17,889		21,308		(13,523	)		2012		1997
Carmel ShopRite Plaza	NY		—			5,828		15,321		160			5,828		15,481		21,309		(682	)		1981		2023
Carriage Gate	FL		—			833		4,974		3,267			1,302		7,772		9,074		(7,705	)		2013		1994
Carytown Exchange	VA		—			24,121		22,046		(27	)		24,122		22,018		46,140		(5,715	)		2022		2018
Cashmere Corners	FL		—			3,187		9,397		683			3,187		10,080		13,267		(3,604	)		2016		2017
Cedar Commons	MN		—			4,704		16,748		233			4,716		16,969		21,685		(2,638	)		1999		2011
Cedar Hill Shopping Center	NJ		(6,815	)		7,266		9,372		200			7,280		9,558		16,838		(481	)		1971		2023
Centerplace of Greeley III	CO		—			6,661		11,502		263			4,607		13,819		18,426		(8,203	)		2007		2007
Charlotte Square	FL		—			1,141		6,845		1,495			1,141		8,340		9,481		(3,305	)		1980		2017
Chasewood Plaza	FL		—			4,612		20,829		6,865			6,886		25,420		32,306		(22,878	)		2015		1993
Chastain Square	GA		—			30,074		12,644		2,520			30,074		15,164		45,238		(5,834	)		2001		2017
Cherry Grove	OH		—			3,533		15,862		6,096			3,533		21,958		25,491		(15,318	)		2012		1998
Chilmark Shopping Center	NY		—			4,952		15,407		183			4,952		15,590		20,542		(678	)		1963		2023
Chimney Rock	NJ		—			23,623		48,200		856			23,623		49,056		72,679		(22,236	)		2016		2016
Circle Center West	CA		—			22,930		9,028		3,571			23,166		12,363		35,529		(3,074	)		1989		2017
Circle Marina Center	CA		(24,000	)		29,303		18,437		12,876			31,942		28,674		60,616		(3,336	)		1994		2019
CityLine Market	TX		—			12,208		15,839		464			12,306		16,205		28,511		(7,320	)		2014		2014
CityLine Market Phase II	TX		—			2,744		3,081		108			2,744		3,189		5,933		(1,275	)		2015		2015
Clayton Valley Shopping Center	CA		—			24,189		35,422		2,600			24,538		37,673		62,211		(31,498	)		2004		2003
Clocktower Plaza Shopping Ctr	NY		—			49,630		19,624		627			49,630		20,251		69,881		(5,808	)		1995		2017
Clybourn Commons	IL		—			15,056		5,594		535			15,056		6,129		21,185		(2,406	)		1999		2014
Cochran's Crossing	TX		—			13,154		12,315		2,877			13,154		15,192		28,346		(12,701	)		1994		2002
Compo Acres Shopping Center	CT		—			28,627		10,395		985			28,627		11,380		40,007		(3,171	)		2011		2017


					Initial Cost							Total Cost
Shopping Centers	State	Mortgages or Encumbrances(1)			Land & Land Improvements		Building & Improvements		Cost Capitalized Subsequent to Acquisition (2)			Land & Land Improvements		Building & Improvements		Total		Accumulated Depreciation			Year Constructed or Last Major Renovation		Year Acquired
Compo Shopping Center	CT		—			15,651		29,034		126			15,651		29,160		44,811		(726	)		1953		2024
Concord Shopping Plaza	FL		—			30,819		36,506		1,750			31,272		37,803		69,075		(9,785	)		1993		2017
Copps Hill Plaza	CT		—			29,515		40,673		8,499			29,514		49,173		78,687		(11,010	)		2002		2017
Coral Reef Shopping Center	FL		—			14,922		15,200		2,695			15,332		17,485		32,817		(5,502	)		1990		2017
Corkscrew Village	FL		—			8,407		8,004		916			8,407		8,920		17,327		(4,892	)		1997		2007
Cornerstone Square	GA		—			1,772		6,944		2,100			1,772		9,044		10,816		(7,507	)		1990		1997
Corral Hollow	CA		—			8,887		24,121		268			8,932		24,344		33,276		(2,592	)		2000		2000
Corvallis Market Center	OR		—			6,674		12,244		1,048			6,696		13,270		19,966		(8,687	)		2006		2006
Cos Cob Commons	CT		—			6,608		14,967		546			6,608		15,513		22,121		(662	)		1986		2023
Cos Cob Plaza	CT		(3,742	)		4,030		4,225		24			4,030		4,249		8,279		(198	)		1947		2023
Country Walk Plaza	FL		(16,000	)		18,713		20,373		465			18,713		20,838		39,551		(3,579	)		2008		2017
Countryside Shops	FL		—			17,982		35,574		13,960			23,175		44,341		67,516		(17,076	)	1991/2018			2017
Courtyard Shopping Center	FL		—			5,867		4		3			5,867		7		5,874		(3	)		1987		1993
Culver Center	CA		—			108,841		32,308		3,794			108,841		36,102		144,943		(10,668	)		2000		2017
Danbury Green	CT		—			30,303		19,255		2,377			30,303		21,632		51,935		(5,824	)		2006		2017
Danbury Square	CT		—			6,592		23,543		1,017			6,592		24,560		31,152		(1,051	)		1987		2023
Dardenne Crossing	MO		—			4,194		4,005		861			4,343		4,717		9,060		(2,881	)		1996		2007
Darinor Plaza	CT		—			693		32,140		1,328			711		33,450		34,161		(9,568	)		1978		2017
DeCicco's Plaza	NY		—			8,890		23,368		898			8,890		24,266		33,156		(983	)		1978		2023
Diablo Plaza	CA		—			5,300		8,181		3,153			5,300		11,334		16,634		(7,557	)		1982		1999
District Shops of Pelham Manor (fka Pelham Manor Plaza)	NY		—			4,708		6,243		207			4,711		6,447		11,158		(263	)		1960		2023
Dunwoody Hall	GA		(13,800	)		15,145		12,110		947			15,145		13,057		28,202		(1,862	)		1986		1997
Dunwoody Village	GA		—			3,342		15,934		8,438			3,417		24,297		27,714		(19,518	)		1975		1997
East Meadow Plaza	NY		—			13,135		25,070		(73	)		13,135		24,997		38,132		(3,131	)		1971		2023
East Pointe	OH		—			1,730		7,189		2,644			1,941		9,622		11,563		(7,885	)		2014		1998
East San Marco	FL		—			4,873		14,932		(143	)		4,729		14,933		19,662		(1,462	)		2022		2007
Eastchester Plaza	NY		—			5,017		7,379		18			5,017		7,397		12,414		(324	)		1963		2023
Eastport	NY		—			2,985		5,649		931			2,947		6,618		9,565		(1,022	)		1980		2021
El Camino Shopping Center	CA		—			7,600		11,538		15,769			10,328		24,579		34,907		(14,978	)		2017		1999
El Cerrito Plaza	CA		—			11,025		27,371		8,905			11,025		36,276		47,301		(17,146	)		2000		2000
El Norte Pkwy Plaza	CA		—			2,834		7,370		3,178			3,263		10,119		13,382		(7,412	)		2013		1999
Emerson Plaza	NJ		—			8,615		7,835		116			8,644		7,922		16,566		(406	)		1981		2023
Encina Grande	CA		—			5,040		11,572		20,312			10,518		26,406		36,924		(18,974	)		2016		1999
Fairfield Center	CT		—			6,731		29,420		1,902			6,731		31,322		38,053		(10,122	)		2000		2014
Fairfield Crossroads	CT		—			9,982		9,796		(1	)		9,982		9,795		19,777		(475	)		1995		2023
Falcon Marketplace	CO		—			1,340		4,168		582			1,246		4,844		6,090		(3,419	)		2005		2005
Fellsway Plaza	MA		(34,300	)		30,712		7,327		10,307			34,924		13,422		48,346		(9,607	)		2016		2013
Ferry Street Plaza	NJ		(8,471	)		7,960		24,439		135			7,960		24,574		32,534		(1,038	)		1995		2023
Fleming Island	FL		—			3,077		11,587		3,738			3,111		15,291		18,402		(10,435	)		2000		1998
Fountain Square	FL		—			29,722		29,041		389			29,784		29,368		59,152		(16,113	)		2013		2013
French Valley Village Center	CA		—			11,924		16,856		565			11,822		17,523		29,345		(16,427	)		2004		2004
Friars Mission Center	CA		—			6,660		28,021		3,407			6,660		31,428		38,088		(20,356	)		1989		1999
Gardens Square	FL		—			2,136		8,273		831			1,775		9,465		11,240		(6,501	)		1991		1997
Gateway Shopping Center	PA		—			52,665		7,134		13,478			55,087		18,190		73,277		(21,715	)		2016		2004
Gelson's Westlake Market Plaza	CA		—			3,157		11,153		6,425			4,654		16,081		20,735		(10,971	)		2016		2002


					Initial Cost							Total Cost
Shopping Centers	State	Mortgages or Encumbrances(1)			Land & Land Improvements		Building & Improvements		Cost Capitalized Subsequent to Acquisition (2)			Land & Land Improvements		Building & Improvements		Total		Accumulated Depreciation			Year Constructed or Last Major Renovation		Year Acquired
Glen Oak Plaza	IL		—			4,103		12,951		2,099			4,124		15,029		19,153		(6,523	)		1967		2010
Glenwood Green	NJ		—			26,130		27,596		—			26,130		27,596		53,726		(2,059	)		2024		2023
Glenwood Village	NC		—			1,194		5,381		729			1,194		6,110		7,304		(5,196	)		1983		1997
Golden Hills Plaza	CA		—			12,699		18,482		3,887			11,521		23,547		35,068		(14,872	)		2017		2006
Grand Ridge Plaza	WA		—			24,208		61,033		6,452			24,918		66,775		91,693		(35,448	)		2018		2012
Greenwich Commons	CT		(4,667	)		3,831		6,990		(52	)		3,831		6,938		10,769		(269	)		1961		2023
Greenwood Shopping Centre	FL		—			7,777		24,829		1,241			7,777		26,070		33,847		(8,026	)		1994		2017
H Mart Plaza	NJ		—			1,296		2,469		—			1,296		2,469		3,765		(96	)		1967		2023
Hammocks Town Center	FL		—			28,764		25,113		1,979			28,764		27,092		55,856		(8,299	)		1993		2017
Hancock	TX		—			8,232		28,260		(10,223	)		4,692		21,577		26,269		(12,733	)		1998		1999
Harpeth Village Fieldstone	TN		—			2,284		9,443		1,238			2,284		10,681		12,965		(7,076	)		1998		1997
Harrison Shopping Square	NY		—			6,034		5,195		296			6,290		5,235		11,525		(241	)		1958		2023
Hasley Canyon Village	CA		(16,000	)		17,630		8,231		189			17,630		8,420		26,050		(1,198	)		2003		2003
Heritage 202 Center	NY		—			1,694		5,901		63			1,695		5,963		7,658		(264	)		1989		2023
Heritage Plaza	CA		—			12,390		26,097		15,199			12,215		41,471		53,686		(24,017	)		2012		1999
Hershey	PA		—			7		808		12			7		820		827		(636	)		2000		2000
Hewlett Crossing I & II	NY		—			11,850		18,205		1,106			11,850		19,311		31,161		(4,437	)		1954		2018
Hibernia Pavilion	FL		—			4,929		5,065		256			4,929		5,321		10,250		(4,632	)		2006		2006
High Ridge Center	CT		(8,825	)		26,078		21,460		177			26,092		21,623		47,715		(980	)		1968		2023
Hillcrest Village	TX		—			1,600		1,909		65			1,600		1,974		3,574		(1,296	)		1991		1999
Hilltop Village	CO		—			2,995		4,581		4,754			3,104		9,226		12,330		(5,843	)		2018		2002
Hinsdale Lake Commons	IL		—			5,734		16,709		12,183			8,343		26,283		34,626		(19,368	)		2015		1998
Holly Park	NC		—			8,975		23,799		2,520			8,828		26,466		35,294		(10,228	)		1969		2013
Howell Mill Village	GA		—			5,157		14,279		7,914			9,610		17,740		27,350		(9,640	)		1984		2004
Hyde Park	OH		—			9,809		39,905		17,996			10,213		57,497		67,710		(34,222	)		1995		1997
Indian Springs Center	TX		—			24,974		25,903		1,471			25,050		27,298		52,348		(10,057	)		2003		2002
Indigo Square	SC		—			8,087		9,849		(2	)		8,087		9,847		17,934		(3,521	)		2017		2017
Inglewood Plaza	WA		—			1,300		2,159		1,305			1,300		3,464		4,764		(2,324	)		1985		1999
Island Village	WA		—			12,354		23,660		210			12,361		23,863		36,224		(2,716	)		2013		2023
Keller Town Center	TX		—			2,294		12,841		1,447			2,404		14,178		16,582		(8,766	)		2014		1999
Kirkman Shoppes	FL		—			9,364		26,243		906			9,367		27,146		36,513		(7,847	)		2015		2017
Kirkwood Commons	MO		—			6,772		16,224		1,728			6,802		17,922		24,724		(7,777	)		2000		2007
Klahanie Shopping Center	WA		—			14,451		20,089		703			14,451		20,792		35,243		(5,824	)		1998		2016
Knotts Landing	CT		—			2,062		23,536		129			2,062		23,665		25,727		(809	)		1994		2023
Kroger New Albany Center	OH		—			3,844		6,599		1,474			3,844		8,073		11,917		(7,035	)		1999		1999
Lake Mary Centre	FL		—			24,036		57,476		2,942			24,036		60,418		84,454		(19,018	)		2015		2017
Lake Pine Plaza	NC		—			2,008		7,632		1,286			2,029		8,897		10,926		(6,149	)		1997		1998
Lakeview Shopping Center	NY		(10,680	)		6,341		22,296		644			6,341		22,940		29,281		(1,159	)		1981		2023
Lebanon/Legacy Center	TX		—			3,913		7,874		1,545			3,913		9,419		13,332		(7,705	)		2002		2000
Littleton Square	CO		—			2,030		8,859		(3,514	)		2,433		4,942		7,375		(3,682	)		2015		1999
Lloyd King Center	CO		—			1,779		10,060		1,785			1,779		11,845		13,624		(7,981	)		1998		1998
Lower Nazareth Commons	PA		—			15,992		12,964		4,124			16,343		16,737		33,080		(15,131	)		2012		2007
Main & Bailey	CT		—			603		13,428		110			603		13,538		14,141		(558	)		1950		2023
Mandarin Landing	FL		—			7,913		27,230		9,613			10,439		34,317		44,756		(7,393	)		2024		2017
Marine's Taste of Italy	NY		—			420		1,266		—			420		1,266		1,686		(42	)		1988		2023
Market at Colonnade Center	NC		—			6,455		9,839		387			6,160		10,521		16,681		(6,468	)		2009		2009


					Initial Cost							Total Cost
Shopping Centers	State	Mortgages or Encumbrances(1)			Land & Land Improvements		Building & Improvements		Cost Capitalized Subsequent to Acquisition (2)			Land & Land Improvements		Building & Improvements		Total		Accumulated Depreciation			Year Constructed or Last Major Renovation		Year Acquired
Market at Preston Forest	TX		—			4,400		11,445		1,961			4,400		13,406		17,806		(9,156	)		1990		1999
Market at Round Rock	TX		—			2,000		9,676		9,528			1,996		19,208		21,204		(12,032	)		1987		1999
Market at Springwoods Village	TX		(3,750	)		12,592		12,781		291			12,592		13,072		25,664		(5,788	)		2018		2016
Marketplace at Briargate	CO		—			1,706		4,885		344			1,727		5,208		6,935		(3,686	)		2006		2006
McLean Plaza	NY		(5,000	)		12,527		12,039		57			12,534		12,089		24,623		(581	)		1982		2023
Meadtown Shopping Center	NJ		(9,070	)		9,961		15,328		68			9,961		15,396		25,357		(766	)		1961		2023
Mellody Farm	IL		—			35,628		66,847		(155	)		35,639		66,681		102,320		(21,064	)		2017		2017
Melrose Market	WA		—			4,451		10,807		(114	)		4,451		10,693		15,144		(2,031	)		2009		2019
Midland Park Shopping Center	NJ		(17,166	)		9,814		24,226		1,626			9,814		25,852		35,666		(1,198	)		1966		2023
Millhopper Shopping Center	FL		—			1,073		5,358		6,120			1,901		10,650		12,551		(8,514	)		2017		1993
Mockingbird Commons	TX		—			3,000		10,728		3,487			3,000		14,215		17,215		(9,400	)		1987		1999
Monument Jackson Creek	CO		—			2,999		6,765		1,450			2,999		8,215		11,214		(6,948	)		1999		1998
Morningside Plaza	CA		—			4,300		13,951		1,258			4,300		15,209		19,509		(10,138	)		1996		1999
Murrayhill Marketplace	OR		—			2,670		18,401		14,854			2,903		33,022		35,925		(21,506	)		2016		1999
Naples Walk	FL		—			18,173		13,554		2,360			18,173		15,914		34,087		(9,075	)		1999		2007
New City PCSB Bank Pad	NY		—			837		1,306		(2,143	)		—		—		—		—			1973		2023
New Milford Plaza	CT		—			7,955		18,349		105			7,955		18,454		26,409		(865	)		1970		2023
Newberry Square	FL		—			2,412		10,150		1,381			2,412		11,531		13,943		(10,586	)		1986		1994
Newfield Green	CT		(18,737	)		22,993		7,778		23			22,993		7,801		30,794		(542	)		1966		2023
Newland Center	CA		—			12,500		10,697		9,212			16,276		16,133		32,409		(12,813	)		2016		1999
Nocatee Town Center	FL		—			10,124		8,691		9,238			11,045		17,008		28,053		(11,935	)		2017		2007
Nohl Plaza	CA		—			1,688		6,733		64			1,688		6,797		8,485		(452	)		1966		2023
North Hills	TX		—			4,900		19,774		2,118			4,900		21,892		26,792		(12,758	)		1995		1999
Northgate Marketplace	OR		—			5,668		13,727		194			4,955		14,634		19,589		(8,800	)		2011		2011
Northgate Marketplace Ph II	OR		—			12,189		30,171		96			12,159		30,297		42,456		(12,072	)		2015		2015
Northgate Plaza (Maxtown Road)	OH		—			1,769		6,652		5,046			2,840		10,627		13,467		(7,715	)		2017		1998
Northgate Square	FL		—			5,011		8,692		1,231			5,011		9,923		14,934		(5,819	)		1995		2007
Northlake Village	TN		—			2,662		11,284		6,349			2,662		17,633		20,295		(8,562	)		2013		2000
Oakbrook Plaza	CA		—			4,000		6,668		6,300			4,766		12,202		16,968		(7,595	)		2017		1999
Oakleaf Commons	FL		—			3,503		11,671		2,288			3,190		14,272		17,462		(9,798	)		2006		2006
Oakshade Town Center	CA		(3,253	)		6,591		28,966		683			6,591		29,649		36,240		(13,578	)		1998		2011
Ocala Corners	FL		—			1,816		10,515		806			1,816		11,321		13,137		(6,559	)		2000		2000
Old Greenwich CVS	CT		(846	)		3,704		2,065		7			3,711		2,065		5,776		(91	)		1941		2023
Old Kings Market (fka Goodwives Shopping Center)	CT		(22,607	)		17,091		26,274		234			17,092		26,507		43,599		(1,125	)		1955		2023
Old St Augustine Plaza	FL		—			2,368		11,405		13,655			3,455		23,973		27,428		(14,422	)	2017/2020			1996
Orange Meadows	CT		—			4,984		16,731		940			4,984		17,671		22,655		(1,179	)		1990		2023
Orangetown Shopping Center	NY		(5,885	)		4,716		15,472		543			5,019		15,712		20,731		(754	)		1966		2023
Pablo Plaza	FL		—			11,894		21,407		11,900			14,135		31,066		45,201		(11,546	)		2020		2017
Paces Ferry Plaza	GA		—			2,812		12,639		21,281			13,803		22,929		36,732		(15,951	)		2018		1997
Panther Creek	TX		—			14,414		14,748		6,686			15,212		20,636		35,848		(17,087	)		1994		2002
Pavilion	FL		—			15,626		22,124		1,440			15,626		23,564		39,190		(7,855	)		2011		2017
Peartree Village	TN		—			5,197		19,746		1,115			5,197		20,861		26,058		(15,761	)		1997		1997
Persimmon Place	CA		—			25,975		38,114		695			26,692		38,092		64,784		(19,935	)		2014		2014
Pike Creek	DE		—			5,153		20,652		9,929			5,885		29,849		35,734		(17,549	)		2013		1998


					Initial Cost							Total Cost
Shopping Centers	State	Mortgages or Encumbrances(1)			Land & Land Improvements		Building & Improvements		Cost Capitalized Subsequent to Acquisition (2)			Land & Land Improvements		Building & Improvements		Total		Accumulated Depreciation			Year Constructed or Last Major Renovation		Year Acquired
Pine Island	FL		—			21,086		28,123		2,222			21,086		30,345		51,431		(9,754	)		1999		2017
Pine Lake Village	WA		—			6,300		10,991		2,188			6,300		13,179		19,479		(8,772	)		1989		1999
Pine Ridge Square	FL		—			13,951		23,147		712			13,951		23,859		37,810		(6,682	)		2013		2017
Pine Tree Plaza	FL		—			668		6,220		1,045			668		7,265		7,933		(4,905	)		1999		1997
Pinecrest Place	FL		—			4,193		13,275		73			3,805		13,736		17,541		(4,207	)		2017		2017
Plaza Escuela	CA		—			24,829		104,395		4,349			24,829		108,744		133,573		(23,555	)		2002		2017
Plaza Hermosa	CA		—			4,200		10,109		4,094			4,202		14,201		18,403		(9,594	)		2013		1999
Point 50	VA		—			15,239		11,367		307			14,628		12,285		26,913		(3,093	)		2021		2007
Point Royale Shopping Center	FL		—			18,201		14,889		6,936			19,386		20,640		40,026		(8,797	)		2018		2017
Pompton Lakes Towne Square	NJ		—			12,940		16,392		296			12,943		16,685		29,628		(798	)		2000		2023
Post Road Plaza	CT		—			15,240		5,196		176			15,240		5,372		20,612		(1,607	)		1978		2017
Potrero Center	CA		—			133,422		116,758		(88,214	)		85,205		76,761		161,966		(17,270	)		1997		2017
Powell Street Plaza	CA		—			8,248		30,716		4,666			8,248		35,382		43,630		(21,132	)		1987		2001
Powers Ferry Square	GA		—			3,687		17,965		10,078			5,758		25,972		31,730		(23,735	)		2013		1997
Powers Ferry Village	GA		—			1,191		4,672		856			1,191		5,528		6,719		(4,636	)		1994		1997
Prairie City Crossing	CA		—			4,164		13,032		620			4,164		13,652		17,816		(8,012	)		1999		1999
Preston Oaks	TX		—			763		30,438		850			1,534		30,517		32,051		(6,518	)		2022		2013
Prestonbrook	TX		—			7,069		8,622		(511	)		5,244		9,936		15,180		(8,475	)		1998		1998
Prosperity Centre	FL		—			11,682		26,215		793			11,681		27,009		38,690		(7,152	)		1993		2017
Purchase Street Shops	NY		—			466		1,388		10			466		1,398		1,864		(82	)				2023
Ralphs Circle Center	CA		—			20,939		6,317		199			20,939		6,516		27,455		(2,378	)		1983		2017
Red Bank Village	OH		—			10,336		9,500		1,289			9,755		11,370		21,125		(5,348	)		2018		2006
Regency Commons	OH		—			3,917		3,616		218			3,917		3,834		7,751		(3,016	)		2004		2004
Regency Square	FL		—			4,770		25,191		11,626			5,797		35,790		41,587		(28,493	)		2013		1993
Ridgeway Shopping Center	CT		(41,940	)		47,684		96,414		6,223			47,684		102,637		150,321		(4,141	)		1952		2023
Rite Aid Plaza-Waldwick Plaza	NJ		—			1,774		5,753		10			1,774		5,763		7,537		(233	)		1953		2023
Rivertowns Square	NY		—			15,505		52,505		5,592			16,853		56,749		73,602		(12,344	)		2016		2018
Rona Plaza	CA		—			1,500		4,917		541			1,500		5,458		6,958		(3,758	)		1989		1999
Roosevelt Square	WA		—			40,371		32,108		8,029			40,382		40,126		80,508		(9,021	)		2017		2017
Russell Ridge	GA		—			2,234		6,903		1,915			2,234		8,818		11,052		(6,574	)		1995		1994
Ryanwood Square	FL		—			10,581		10,044		392			10,581		10,436		21,017		(4,042	)		1987		2017
Sammamish-Highlands	WA		—			9,300		8,075		9,391			9,592		17,174		26,766		(12,729	)		2013		1999
San Carlos Marketplace	CA		—			36,006		57,886		439			36,006		58,325		94,331		(13,443	)		2007		2017
San Leandro Plaza	CA		—			1,300		8,226		1,782			1,300		10,008		11,308		(6,301	)		1982		1999
Sandy Springs	GA		—			6,889		28,056		5,146			6,889		33,202		40,091		(13,337	)		2006		2012
Sawgrass Promenade	FL		—			10,846		12,525		1,603			10,846		14,128		24,974		(4,538	)		1998		2017
Scripps Ranch Marketplace	CA		—			59,949		26,334		1,217			59,949		27,551		87,500		(6,911	)		2017		2017
Serramonte Center	CA		—			390,106		172,652		97,079			416,525		243,312		659,837		(89,999	)		2018		2017
Shaw's at Plymouth	MA		—			3,968		8,367		—			3,968		8,367		12,335		(2,844	)		1993		2017
Shelton Square	CT		—			13,383		25,265		4,340			13,383		29,605		42,988		(1,604	)		1982		2023
Sheridan Plaza	FL		—			82,260		97,273		16,052			83,814		111,771		195,585		(30,452	)	1991/2022			2017
Sherwood Crossroads	OR		—			2,731		6,360		748			2,454		7,385		9,839		(4,509	)		1999		1999
Shiloh Springs	TX		—			5,236		11,802		893			5,236		12,695		17,931		(1,985	)		1998		1998
Shoppes @ 104	FL		—			11,193		—		3,232			7,078		7,347		14,425		(4,546	)		2018		1998
Shoppes at Homestead	CA		—			5,420		9,450		2,511			5,420		11,961		17,381		(8,233	)		1983		1999
Shoppes at Lago Mar	FL		—			8,323		11,347		350			8,323		11,697		20,020		(3,968	)		1995		2017


					Initial Cost							Total Cost
Shopping Centers	State	Mortgages or Encumbrances(1)			Land & Land Improvements		Building & Improvements		Cost Capitalized Subsequent to Acquisition (2)			Land & Land Improvements		Building & Improvements		Total		Accumulated Depreciation			Year Constructed or Last Major Renovation		Year Acquired
Shoppes at Sunlake Centre	FL		—			16,643		15,091		6,701			18,001		20,434		38,435		(6,783	)		2008		2017
Shoppes of Grande Oak	FL		—			5,091		5,985		1,447			5,091		7,432		12,523		(6,268	)		2000		2000
Shoppes of Jonathan's Landing	FL		—			4,474		5,628		630			4,474		6,258		10,732		(1,889	)		1997		2017
Shoppes of Oakbrook	FL		—			20,538		42,992		825			20,538		43,817		64,355		(14,492	)		2003		2017
Shoppes of Silver Lakes	FL		—			17,529		21,829		2,386			17,529		24,215		41,744		(7,747	)		1997		2017
Shoppes of Sunset	FL		—			2,860		1,316		897			2,860		2,213		5,073		(572	)		2009		2017
Shoppes of Sunset II	FL		—			2,834		715		739			2,834		1,454		4,288		(454	)		2009		2017
Shops at County Center	VA		—			9,957		11,296		5,220			12,917		13,556		26,473		(12,628	)		2005		2005
Shops at Erwin Mill	NC		(12,000	)		9,082		6,124		613			9,087		6,732		15,819		(4,656	)		2012		2012
Shops at John's Creek	FL		—			1,863		2,014		(63	)		1,501		2,313		3,814		(1,785	)		2004		2003
Shops at Mira Vista	TX		(151	)		11,691		9,026		714			11,691		9,740		21,431		(3,919	)		2002		2014
Shops at Quail Creek	CO		—			1,487		7,717		1,144			1,448		8,900		10,348		(5,075	)		2008		2008
Shops at Saugus	MA		—			19,201		17,984		748			18,974		18,959		37,933		(14,523	)		2006		2006
Shops at Skylake	FL		—			84,586		39,342		3,138			85,117		41,949		127,066		(14,308	)		2006		2017
Shops at The Columbia	DC		—			3,117		8,869		117			3,234		8,869		12,103		(961	)		2006		2006
Shops on Main	IN		—			17,020		27,055		21,272			19,648		45,699		65,347		(19,887	)	2017/2020			2007
Somers Commons	NY		—			7,019		29,808		3,732			7,019		33,540		40,559		(1,600	)		2003		2023
Sope Creek Crossing	GA		—			2,985		12,001		3,832			3,332		15,486		18,818		(11,228	)		2016		1998
South Beach Regional	FL		—			28,188		53,405		9,840			28,317		63,116		91,433		(16,311	)		1990		2017
South Pass Village	NJ		(19,705	)		11,079		31,610		328			11,079		31,938		43,017		(1,433	)		1965		2023
South Point	FL		—			6,563		7,939		681			6,563		8,620		15,183		(2,817	)		2003		2017
Southbury Green	CT		—			26,661		34,325		7,846			29,743		39,089		68,832		(11,640	)		2002		2017
Southcenter	WA		—			1,300		12,750		2,567			1,300		15,317		16,617		(10,392	)		1990		1999
Southpark at Cinco Ranch	TX		—			18,395		11,306		7,597			21,438		15,860		37,298		(10,862	)		2017		2012
SouthPoint Crossing	NC		—			4,412		12,235		1,827			4,382		14,092		18,474		(9,307	)		1998		1998
Staples Plaza-Yorktown Heights	NY		—			7,131		47,704		755			7,131		48,459		55,590		(1,930	)		1970		2023
Starke	FL		—			71		1,683		14			71		1,697		1,768		(1,029	)		2000		2000
Star's at Cambridge	MA		—			31,082		13,520		(1	)		31,082		13,519		44,601		(3,928	)		1997		2017
Star's at West Roxbury	MA		—			21,973		13,386		700			21,973		14,086		36,059		(3,923	)		2006		2017
Station Centre @ Old Greenwich	CT		—			9,121		7,603		164			9,121		7,767		16,888		(424	)		1952		2023
Sterling Ridge	TX		—			12,846		12,162		1,617			12,846		13,779		26,625		(11,881	)		2000		2002
Stroh Ranch	CO		—			4,280		8,189		1,259			4,280		9,448		13,728		(7,870	)		1998		1998
Suncoast Crossing	FL		—			9,030		10,764		4,682			13,374		11,102		24,476		(10,251	)		2007		2007
Sunny Valley Shops	CT		—			2,820		5,055		99			2,820		5,154		7,974		(282	)		2003		2023
Talega Village Center	CA		—			22,415		12,054		135			22,415		12,189		34,604		(3,283	)		2007		2017
Tanasbourne Market	OR		—			3,269		10,861		(294	)		3,149		10,687		13,836		(7,362	)		2006		2006
Tanglewood Shopping Center	NY		(2,163	)		5,920		7,889		30			5,920		7,919		13,839		(404	)		1953		2023
Tassajara Crossing	CA		—			8,560		15,464		3,191			8,560		18,655		27,215		(11,890	)		1990		1999
Tech Ridge Center	TX		—			12,945		37,169		4,616			13,455		41,275		54,730		(21,910	)		2020		2011
The Abbot	MA		—			72,910		6,086		52,410			79,219		52,187		131,406		(5,334	)	1912/2024			2017
The Crossing Clarendon	VA		—			154,932		126,328		61,508			161,378		181,390		342,768		(38,460	)		2023		2016
The Dock-Dockside	CT		(32,908	)		20,974		49,185		80			20,974		49,265		70,239		(2,116	)		1974		2023
The Field at Commonwealth	VA		—			31,055		18,248		112			31,056		18,359		49,415		(10,811	)		2018		2017
The Gallery at Westbury Plaza	NY		—			108,653		216,771		4,848			108,653		221,619		330,272		(55,108	)		2013		2017


					Initial Cost							Total Cost
Shopping Centers	State	Mortgages or Encumbrances(1)			Land & Land Improvements		Building & Improvements		Cost Capitalized Subsequent to Acquisition (2)			Land & Land Improvements		Building & Improvements		Total		Accumulated Depreciation			Year Constructed or Last Major Renovation		Year Acquired
The Hub at Norwalk (fka Walmart Norwalk)	CT		—			20,394		21,261		(2,949	)		20,394		18,312		38,706		(3,972	)		2003		2017
The Hub Hillcrest Market	CA		—			18,773		61,906		7,803			19,611		68,871		88,482		(25,340	)		2015		2012
The Longmeadow Shops	MA		(13,000	)		5,451		23,738		283			5,451		24,021		29,472		(1,176	)		1962		2023
The Marketplace	CA		—			10,927		36,052		1,638			10,927		37,690		48,617		(9,536	)		1990		2017
The Meadows (fka East Meadow)	NY		—			12,325		21,378		827			12,267		22,263		34,530		(2,971	)		1980		2021
The Plaza at St. Lucie West	FL		—			1,718		6,204		52			1,718		6,256		7,974		(1,728	)		2006		2017
The Point at Garden City Park	NY		—			741		9,764		5,857			2,559		13,803		16,362		(5,973	)		2018		2016
The Pruneyard	CA		—			112,136		86,918		3,666			112,136		90,584		202,720		(17,715	)		2014		2019
The Shops at Hampton Oaks	GA		—			843		372		(195	)		297		723		1,020		(357	)		2009		2017
The Village at Hunter's Lake	FL		—			9,735		12,986		35			9,735		13,021		22,756		(3,786	)		2018		2018
The Village at Riverstone	TX		—			17,179		13,013		(62	)		17,179		12,951		30,130		(4,476	)		2016		2016
Town and Country	FL		—			4,664		5,207		22			4,664		5,229		9,893		(2,384	)		1993		2017
Town Square	FL		—			883		8,132		916			883		9,048		9,931		(5,990	)		1999		1997
Towne Centre at Somers	NY		—			3,235		30,998		162			3,236		31,159		34,395		(1,289	)		1988		2023
Treasure Coast Plaza	FL		—			7,553		21,554		1,570			7,553		23,124		30,677		(6,825	)		1983		2017
Tustin Legacy	CA		—			13,829		23,922		182			13,828		24,105		37,933		(8,446	)		2017		2016
Twin City Plaza	MA		—			17,245		44,225		2,724			17,263		46,931		64,194		(23,660	)		2004		2006
Twin Peaks	CA		—			5,200		25,827		9,788			6,585		34,230		40,815		(20,145	)		1988		1999
Unigold Shopping Center	FL		—			5,490		5,144		6,800			5,561		11,873		17,434		(6,702	)		1987		2017
University Commons	FL		—			4,070		30,785		730			4,070		31,515		35,585		(11,486	)		2001		2015
Valencia Crossroads	CA		—			17,921		17,659		1,873			17,921		19,532		37,453		(17,957	)		2003		2002
Valley Ridge Shopping Center	NJ		(16,249	)		13,363		19,803		118			13,363		19,921		33,284		(942	)		1962		2023
Valley Stream	NY		—			13,297		16,241		471			13,887		16,122		30,009		(2,034	)		1950		2021
Van Houten Plaza	NJ		—			2,178		2,747		454			2,178		3,201		5,379		(177	)		1974		2023
Veterans Plaza	CT		—			2,328		7,104		34			2,328		7,138		9,466		(346	)		1966		2023
Village at La Floresta	CA		—			13,140		20,559		77			13,156		20,620		33,776		(9,878	)		2014		2014
Village at Lee Airpark	MD		—			11,099		12,975		4,172			11,803		16,443		28,246		(16,137	)		2014		2005
Village Center	FL		—			3,885		14,131		10,300			5,480		22,836		28,316		(14,204	)		2014		1995
Village Commons	NY		—			312		5,950		298			312		6,248		6,560		(359	)		1980		2023
Von's Circle Center	CA		(3,475	)		49,037		22,618		1,594			49,037		24,212		73,249		(6,946	)		1972		2017
Wading River	NY		—			14,969		18,641		1,139			14,915		19,834		34,749		(2,325	)		2002		2021
Waldwick Plaza	NJ		—			1,724		5,824		38			1,724		5,862		7,586		(283	)		1960		2023
Walker Center	OR		—			3,840		7,232		12,623			4,404		19,291		23,695		(9,302	)		1987		1999
Washington Commons	NJ		(8,494	)		7,829		12,182		228			7,829		12,410		20,239		(618	)		1992		2023
Waterstone Plaza	FL		—			5,498		13,500		188			5,498		13,688		19,186		(4,047	)		2005		2017
Welleby Plaza	FL		—			1,496		7,787		2,666			1,496		10,453		11,949		(9,155	)		1982		1996
Wellington Town Square	FL		—			2,041		12,131		3,696			2,600		15,268		17,868		(8,450	)		2022		1996
Westbard Square	MD		—			127,859		21,514		42,668			120,249		71,792		192,041		(4,100	)	2001/2024			2017
West Bird Plaza	FL		—			12,934		18,594		371			15,386		16,513		31,899		(5,129	)	2000/2021			2017
West Chester Plaza	OH		—			1,857		7,572		728			1,857		8,300		10,157		(7,503	)	in process			1998
West Lake Shopping Center	FL		—			10,561		9,792		610			10,561		10,402		20,963		(3,490	)		2000		2017
West Park Plaza	CA		—			5,840		5,759		3,556			5,840		9,315		15,155		(6,001	)		1996		1999
Westbury Plaza	NY		(88,000	)		116,129		51,460		6,977			117,817		56,749		174,566		(16,705	)		2004		2017
Westchase	FL		—			5,302		8,273		1,522			5,302		9,795		15,097		(5,277	)		1998		2007


					Initial Cost							Total Cost
Shopping Centers	State	Mortgages or Encumbrances(1)			Land & Land Improvements		Building & Improvements		Cost Capitalized Subsequent to Acquisition (2)			Land & Land Improvements		Building & Improvements		Total		Accumulated Depreciation			Year Constructed or Last Major Renovation		Year Acquired
Westchester Commons	IL		—			3,366		11,751		11,369			4,894		21,592		26,486		(11,906	)		2014		2001
Westlake Village Plaza and Center	CA		—			7,043		27,195		31,630			17,620		48,248		65,868		(38,902	)		2015		1999
Westport Collection (fka Greens Farms Plaza)	CT		—			4,831		3,138		1			4,831		3,139		7,970		(238	)		1958		2023
Westport Plaza	FL		—			9,035		7,455		(29	)		9,035		7,426		16,461		(2,595	)		2002		2017
Westport Row	CT		—			43,597		16,428		15,330			46,170		29,185		75,355		(9,161	)	2010/2020			2017
Westwood Village	TX		—			19,933		25,301		1,192			19,378		27,048		46,426		(19,188	)		2006		2006
Willa Springs	FL		(16,700	)		13,322		15,314		3,242			13,681		18,197		31,878		(2,036	)		2000		2000
Williamsburg at Dunwoody	GA		—			7,435		3,721		1,266			7,444		4,978		12,422		(2,009	)		1983		2017
Willow Festival	IL		—			1,954		56,501		5,377			1,976		61,856		63,832		(25,219	)		2007		2010
Willow Oaks	NC		—			6,664		7,908		(272	)		6,294		8,006		14,300		(4,481	)		2014		2014
Willows Shopping Center	CA		—			51,964		78,029		(114	)		51,992		77,887		129,879		(24,906	)		2015		2017
Woodcroft Shopping Center	NC		—			1,419		6,284		1,921			1,421		8,203		9,624		(6,079	)		1984		1996
Woodman Van Nuys	CA		—			5,500		7,195		395			5,500		7,590		13,090		(5,037	)		1992		1999
Woodmen Plaza	CO		—			7,621		11,018		1,617			7,621		12,635		20,256		(12,803	)		1998		1998
Woodside Central	CA		—			3,500		9,288		1,069			3,489		10,368		13,857		(6,817	)		1993		1999
Miscellaneous Investments			—			—		2,127		1,427			—		3,554		3,554		(1,869	)
Land held for future development			—			11,323		—		(4,612	)		6,711		—		6,711		—
Construction in progress			—			—		—		215,112			—		215,112		215,112		—
			(627,361	)	$	5,502,545		6,877,520		1,318,354			5,565,585		8,132,834		13,698,419		(2,960,399	)

(1)

The amounts presented in this column do not include debt premiums, discounts, or loan costs. .

(2)

The negative balance for costs capitalized subsequent to acquisition could include out-parcels sold, sales-type lease, provision for impairments and write-downs recorded, and demolitions of part of the property for redevelopment.

Depreciation and amortization of the Company's investments in buildings and improvements reflected in the statements of operations is calculated over the estimated useful lives of the assets, which are up to 40 years. The aggregate cost for federal income tax purposes was approximately $11.2 billion at December 31, 2024.

The changes in total real estate assets for the years ended December 31, 2024, 2023, and 2022 are as follows:


(in thousands)	2024			2023			2022
Beginning balance	$	13,454,391			11,858,064			11,495,581
Acquired properties and land		71,334			1,445,428			224,653
Developments and improvements		328,133			206,085			171,629
Disposal of building and tenant improvements		(51,671	)		(14,149	)		(29,523	)
Sale of properties		(72,152	)		(19,366	)		(4,276	)
Contributed to unconsolidated joint ventures		(17,518	)		—			—
Properties held for sale		—			(21,671	)		—
Provision for impairment		(14,098	)		—			—
Ending balance	$	13,698,419			13,454,391			11,858,064

The changes in accumulated depreciation for the years ended December 31, 2024, 2023, and 2022 are as follows:


(in thousands)	2024			2023			2022
Beginning balance	$	2,691,386			2,415,860			2,174,963
Depreciation expense		329,650			293,705			270,520
Disposal of building and tenant improvements		(51,671	)		(14,149	)		(29,523	)
Sale of properties		(7,842	)		(569	)		(100	)
Accumulated depreciation related to properties held for sale		—			(3,461	)		—
Provision for impairment		(1,124	)		—			—
Ending balance	$	2,960,399			2,691,386			2,415,860