XML 31 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Schedule III Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2012
Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III Real Estate and Accumulated Depreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Life used to compute depreciation in latest income statement (20)
 
 
 
 
 
 
 
 
Initial Cost
 
Costs Capitalized subsequent to Acquisition
 
Gross Amount carried at December 31, 2012  (19)
 
 
 
 
 
 
 
 
 
Property
 
Location
 
Encumbrances
 
 
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Total
 
Accumulated Depreciation
 
Net
 
Date of Construction
 
Birchall at Ross Bridge
 
Birmingham, AL
 
—

 
 
 
$
2,640

 
$
28,842

 
$
—

 
$
447

 
$
2,640

 
$
29,289

 
$
31,929

 
$
(1,324
)
 
$
30,605

 
2009
 
1 - 40
Eagle Ridge
 
Birmingham, AL
 
—

 
(1
)
 
851

 
7,667

 
—

 
3,485

 
851

 
11,152

 
12,003

 
(5,931
)
 
6,072

 
1986
 
1 - 40
Abbington Place
 
Huntsville, AL
 
—

 
(1
)
 
524

 
4,724

 
—

 
2,561

 
524

 
7,285

 
7,809

 
(3,898
)
 
3,911

 
1987
 
1 - 40
Paddock Club Huntsville
 
Huntsville, AL
 
—

 


 
909

 
10,152

 
830

 
12,552

 
1,739

 
22,704

 
24,443

 
(10,546
)
 
13,897

 
1993
 
1 - 40
Paddock Club Montgomery
 
Montgomery, AL
 
—

 
(1
)
 
965

 
13,190

 
—

 
1,593

 
965

 
14,783

 
15,748

 
(5,991
)
 
9,757

 
1999
 
1 - 40
Calais Forest
 
Little Rock, AR
 
—

 
(1
)
 
1,026

 
9,244

 
—

 
7,009

 
1,026

 
16,253

 
17,279

 
(8,962
)
 
8,317

 
1987
 
1 - 40
Napa Valley
 
Little Rock, AR
 
—

 
(1
)
 
960

 
8,642

 
—

 
3,865

 
960

 
12,507

 
13,467

 
(6,808
)
 
6,659

 
1984
 
1 - 40
Palisades at Chenal Valley
 
Little Rock, AR
 
—

 
 
 
2,560

 
25,234

 
—

 
606

 
2,560

 
25,840

 
28,400

 
(940
)
 
27,460

 
2006
 
1 - 40
Ridge at Chenal Valley
 
Little Rock, AR
 
—

 


 
2,626

 
—

 
—

 
26,534

 
2,626

 
26,534

 
29,160

 
(280
)
 
28,880

 
2012
 
1 - 40
Westside Creek I & II
 
Little Rock, AR
 
—

 
(1
)
 
1,271

 
11,463

 
—

 
6,220

 
1,271

 
17,683

 
18,954

 
(8,673
)
 
10,281

 
1985
 
1 - 40
Edge at Lyon's Gate
 
Phoenix, AZ
 
—

 
 
 
7,901

 
27,182

 
—

 
674

 
7,901

 
27,856

 
35,757

 
(4,280
)
 
31,477

 
2007
 
1 - 40
Sky View Ranch
 
Gilbert, AZ
 
—

 
 
 
2,668

 
14,577

 
—

 
554

 
2,668

 
15,131

 
17,799

 
(1,924
)
 
15,875

 
2007
 
1 - 40
Talus Ranch
 
Phoenix, AZ
 
—

 
 
 
12,741

 
47,701

 
—

 
1,522

 
12,741

 
49,223

 
61,964

 
(10,572
)
 
51,392

 
2005
 
1 - 40
Tiffany Oaks
 
Altamonte Springs, FL
 
—

 
(1
)
 
1,024

 
9,219

 
—

 
5,264

 
1,024

 
14,483

 
15,507

 
(8,651
)
 
6,856

 
1985
 
1 - 40
Marsh Oaks
 
Atlantic Beach, FL
 
—

 


 
244

 
2,829

 
—

 
1,815

 
244

 
4,644

 
4,888

 
(3,001
)
 
1,887

 
1986
 
1 - 40
Indigo Point
 
Brandon, FL
 
—

 
 
 
1,167

 
10,500

 
—

 
3,083

 
1,167

 
13,583

 
14,750

 
(6,462
)
 
8,288

 
1989
 
1 - 40
Paddock Club Brandon
 
Brandon, FL
 
—

 


 
2,896

 
26,111

 
—

 
3,322

 
2,896

 
29,433

 
32,329

 
(14,327
)
 
18,002

 
1998
 
1 - 40
Preserve at Coral Square
 
Coral Springs, FL
 
—

 
(4
)
 
9,600

 
40,004

 
—

 
5,947

 
9,600

 
45,951

 
55,551

 
(13,341
)
 
42,210

 
1996
 
1 - 40
Anatole
 
Daytona Beach, FL
 
6,967

 
(7
)
 
1,227

 
5,879

 
—

 
3,374

 
1,227

 
9,253

 
10,480

 
(5,449
)
 
5,031

 
1986
 
1 - 40
Paddock Club Gainesville
 
Gainesville, FL
 
—

 


 
1,800

 
15,879

 
—

 
2,481

 
1,800

 
18,360

 
20,160

 
(6,814
)
 
13,346

 
1999
 
1 - 40
The Retreat at Magnolia Parke
 
Gainesville, FL
 
—

 
 
 
2,040

 
16,338

 
—

 
112

 
2,040

 
16,450

 
18,490

 
(932
)
 
17,558

 
2009
 
1 - 40
Atlantic Crossing
 
Jacksonville, FL
 
—

 
 
 
4,000

 
19,495

 
—

 
986

 
4,000

 
20,481

 
24,481

 
(1,185
)
 
23,296

 
2008
 
1 - 40
Cooper's Hawk
 
Jacksonville, FL
 
—

 


 
854

 
7,500

 
—

 
3,197

 
854

 
10,697

 
11,551

 
(6,419
)
 
5,132

 
1987
 
1 - 40
Hunter's Ridge at Deerwood
 
Jacksonville, FL
 
—

 
 
 
1,533

 
13,835

 
—

 
6,209

 
1,533

 
20,044

 
21,577

 
(10,293
)
 
11,284

 
1987
 
1 - 40
Lakeside
 
Jacksonville, FL
 
—

 


 
1,430

 
12,883

 
—

 
8,667

 
1,430

 
21,550

 
22,980

 
(13,408
)
 
9,572

 
1985
 
1 - 40
Lighthouse at Fleming Island
 
Jacksonville, FL
 
—

 
(1
)
 
4,047

 
35,052

 
—

 
3,319

 
4,047

 
38,371

 
42,418

 
(12,487
)
 
29,931

 
2003
 
1 - 40
Paddock Club Jacksonville
 
Jacksonville, FL
 
—

 


 
2,292

 
20,750

 
—

 
3,776

 
2,292

 
24,526

 
26,818

 
(12,382
)
 
14,436

 
1993
 
1 - 40
Paddock Club Mandarin
 
Jacksonville, FL
 
—

 


 
1,411

 
14,967

 
—

 
2,258

 
1,411

 
17,225

 
18,636

 
(6,722
)
 
11,914

 
1998
 
1 - 40
St. Augustine
 
Jacksonville, FL
 
13,235

 
 (17)(18)
 
2,857

 
6,475

 
—

 
19,507

 
2,857

 
25,982

 
28,839

 
(9,602
)
 
19,237

 
1987
 
1 - 40
Tattersall at Tapestry Park
 
Jacksonville, FL
 
—

 
 
 
6,417

 
36,069

 
—

 
314

 
6,417

 
36,383

 
42,800

 
(1,865
)
 
40,935

 
2009
 
1 - 40
Woodbridge at the Lake
 
Jacksonville, FL
 
—

 


 
645

 
5,804

 
—

 
4,364

 
645

 
10,168

 
10,813

 
(6,495
)
 
4,318

 
1985
 
1 - 40
Woodhollow
 
Jacksonville, FL
 
—

 
(1
)
 
1,686

 
15,179

 
(8
)
 
8,325

 
1,678

 
23,504

 
25,182

 
(13,180
)
 
12,002

 
1986
 
1 - 40
Paddock Club Lakeland
 
Lakeland, FL
 
—

 
(1
)
 
2,254

 
20,452

 
(1,033
)
 
7,473

 
1,221

 
27,925

 
29,146

 
(14,364
)
 
14,782

 
1989
 
1 - 40
Savannahs at James Landing
 
Melbourne, FL
 
—

 


 
582

 
7,868

 
—

 
5,061

 
582

 
12,929

 
13,511

 
(7,994
)
 
5,517

 
1990
 
1 - 40
Paddock Park Ocala
 
Ocala, FL
 
6,772

 
(3
)
 
2,284

 
21,970

 
—

 
4,477

 
2,284

 
26,447

 
28,731

 
(14,192
)
 
14,539

 
1987
 
1 - 40
Retreat at Lake Nona
 
Orlando, FL
 
—

 

 
7,880

 
41,175

 
—

 
189

 
7,880

 
41,364

 
49,244

 
(467
)
 
48,777

 
2006
 
1 - 40
The Club at Panama Beach
 
Panama City, FL
 
—

 


 
898

 
14,276

 
(5
)
 
2,791

 
893

 
17,067

 
17,960

 
(7,591
)
 
10,369

 
2000
 
1 - 40
Paddock Club Tallahassee
 
Tallahassee, FL
 
—

 


 
530

 
4,805

 
950

 
13,193

 
1,480

 
17,998

 
19,478

 
(9,193
)
 
10,285

 
1992
 
1 - 40
Belmere
 
Tampa, FL
 
—

 
(1
)
 
852

 
7,667

 
—

 
4,965

 
852

 
12,632

 
13,484

 
(8,138
)
 
5,346

 
1984
 
1 - 40
Links at Carrollwood
 
Tampa, FL
 
—

 


 
817

 
7,355

 
110

 
4,869

 
927

 
12,224

 
13,151

 
(6,501
)
 
6,650

 
1980
 
1 - 40
Village Oaks
 
Tampa, FL
 
—

 
 
 
2,738

 
19,055

 
84

 
1,185

 
2,822

 
20,240

 
23,062

 
(2,987
)
 
20,075

 
2007
 
1 - 40
Park Crest at Innisbrook
 
Palm Harbor, FL
 
30,114

 
 
 
6,900

 
26,613

 
—

 
(895
)
 
6,900

 
25,718

 
32,618

 
(3,116
)
 
29,502

 
2000
 
1 - 40
High Ridge
 
Athens, GA
 
—

 
(1
)
 
884

 
7,958

 
—

 
2,434

 
884

 
10,392

 
11,276

 
(5,406
)
 
5,870

 
1987
 
1 - 40
Allure at Brookwood
 
Atlanta, GA
 
—

 


 
11,168

 
52,758

 
—

 
104

 
11,168

 
52,862

 
64,030

 
(745
)
 
63,285

 
2008
 
1 - 40
Allure in Buckhead Village Residential
 
Atlanta, GA
 
—

 


 
8,633

 
19,844

 
—

 
370

 
8,633

 
20,214

 
28,847

 
(454
)
 
28,393

 
2002
 
1 - 40
Sanctuary at Oglethorpe
 
Atlanta, GA
 
23,500

 
 
 
6,875

 
31,441

 
—

 
2,321

 
6,875

 
33,762

 
40,637

 
(5,361
)
 
35,276

 
1994
 
1 - 40
Bradford Pointe
 
Augusta, GA
 
—

 
 
 
772

 
6,949

 
—

 
2,943

 
772

 
9,892

 
10,664

 
(5,120
)
 
5,544

 
1986
 
1 - 40
Shenandoah Ridge
 
Augusta, GA
 
—

 
(1
)
 
650

 
5,850

 
8

 
4,517

 
658

 
10,367

 
11,025

 
(6,829
)
 
4,196

 
1982
 
1 - 40
Westbury Creek
 
Augusta, GA
 
3,480

 
(12
)
 
400

 
3,626

 
—

 
1,712

 
400

 
5,338

 
5,738

 
(2,858
)
 
2,880

 
1984
 
1 - 40
Fountain Lake
 
Brunswick, GA
 
—

 
 
 
502

 
4,551

 
—

 
2,824

 
502

 
7,375

 
7,877

 
(3,782
)
 
4,095

 
1983
 
1 - 40
Whisperwood
 
Columbus, GA
 
—

 
(1
)
 
4,286

 
42,722

 
—

 
16,859

 
4,286

 
59,581

 
63,867

 
(29,941
)
 
33,926

 
1986
 
1 - 40
Willow Creek
 
Columbus, GA
 
—

 


 
614

 
5,523

 
—

 
4,746

 
614

 
10,269

 
10,883

 
(5,658
)
 
5,225

 
1974
 
1 - 40
Terraces at Fieldstone
 
Conyers, GA
 
—

 
(1
)
 
1,284

 
15,819

 
—

 
2,006

 
1,284

 
17,825

 
19,109

 
(6,740
)
 
12,369

 
1999
 
1 - 40
Prescott
 
Duluth, GA
 
—

 
(5
)
 
3,840

 
24,011

 
—

 
1,888

 
3,840

 
25,899

 
29,739

 
(7,759
)
 
21,980

 
2001
 
1 - 40
Lanier
 
Gainesville, GA
 
16,312

 
 
 
3,560

 
22,611

 
—

 
2,411

 
3,560

 
25,022

 
28,582

 
(7,109
)
 
21,473

 
1998
 
1 - 40
Lake Club
 
Gainesville, GA
 
—

 
(5
)
 
3,150

 
18,383

 
—

 
1,172

 
3,150

 
19,555

 
22,705

 
(5,424
)
 
17,281

 
2001
 
1 - 40
Whispering Pines
 
LaGrange, GA
 
—

 
 
 
823

 
7,470

 
(2
)
 
2,668

 
821

 
10,138

 
10,959

 
(5,527
)
 
5,432

 
1983
 
1 - 40
Austin Chase
 
Macon, GA
 
—

 
 
 
1,409

 
12,687

 
—

 
2,612

 
1,409

 
15,299

 
16,708

 
(7,518
)
 
9,190

 
1996
 
1 - 40
The Vistas
 
Macon, GA
 
—

 


 
595

 
5,403

 
—

 
1,937

 
595

 
7,340

 
7,935

 
(4,011
)
 
3,924

 
1985
 
1 - 40
Avala at Savannah Quarters
 
Savannah, GA
 
—

 
 
 
1,500

 
24,862

 
—

 
475

 
1,500

 
25,337

 
26,837

 
(1,372
)
 
25,465

 
2009
 
1 - 40
Georgetown Grove
 
Savannah, GA
 
—

 
 
 
1,288

 
11,579

 
—

 
2,424

 
1,288

 
14,003

 
15,291

 
(6,951
)
 
8,340

 
1997
 
1 - 40
Oaks at Wilmington Island
 
Savannah, GA
 
—

 
(4
)
 
2,910

 
25,315

 
—

 
1,819

 
2,910

 
27,134

 
30,044

 
(6,051
)
 
23,993

 
1999
 
1 - 40
Wildwood
 
Thomasville, GA
 
—

 


 
438

 
3,971

 
371

 
5,848

 
809

 
9,819

 
10,628

 
(5,349
)
 
5,279

 
1982
 
1 - 40
Three Oaks
 
Valdosta, GA
 
—

 


 
462

 
4,188

 
459

 
7,148

 
921

 
11,336

 
12,257

 
(6,214
)
 
6,043

 
1984
 
1 - 40
Huntington Chase
 
Warner Robins, GA
 
—

 
(4
)
 
1,160

 
10,437

 
—

 
2,308

 
1,160

 
12,745

 
13,905

 
(5,628
)
 
8,277

 
1997
 
1 - 40
Southland Station
 
Warner Robins, GA
 
—

 


 
1,470

 
13,284

 
—

 
3,449

 
1,470

 
16,733

 
18,203

 
(8,998
)
 
9,205

 
1988
 
1 - 40
Terraces at Townelake
 
Woodstock, GA
 
—

 
(1
)
 
1,331

 
11,918

 
1,688

 
20,226

 
3,019

 
32,144

 
35,163

 
(14,801
)
 
20,362

 
1999
 
1 - 40
Fairways at Hartland
 
Bowling Green, KY
 
—

 


 
1,038

 
9,342

 
—

 
3,161

 
1,038

 
12,503

 
13,541

 
(6,737
)
 
6,804

 
1996
 
1 - 40
Grand Reserve Lexington
 
Lexington, KY
 
—

 
(1
)
 
2,024

 
31,525

 
—

 
1,665

 
2,024

 
33,190

 
35,214

 
(11,862
)
 
23,352

 
2000
 
1 - 40
Lakepointe
 
Lexington, KY
 
—

 
(1
)
 
411

 
3,699

 
—

 
2,188

 
411

 
5,887

 
6,298

 
(3,631
)
 
2,667

 
1986
 
1 - 40
Mansion, The
 
Lexington, KY
 
—

 
(1
)
 
694

 
6,242

 
—

 
3,065

 
694

 
9,307

 
10,001

 
(5,689
)
 
4,312

 
1989
 
1 - 40
Village, The
 
Lexington, KY
 
—

 
(1
)
 
900

 
8,097

 
—

 
4,232

 
900

 
12,329

 
13,229

 
(7,551
)
 
5,678

 
1989
 
1 - 40
Stonemill Village
 
Louisville, KY
 
—

 


 
1,169

 
10,518

 
—

 
8,103

 
1,169

 
18,621

 
19,790

 
(10,861
)
 
8,929

 
1985
 
1 - 40
Crosswinds
 
Jackson, MS
 
—

 
(1
)
 
1,535

 
13,826

 
—

 
4,587

 
1,535

 
18,413

 
19,948

 
(10,554
)
 
9,394

 
1989
 
1 - 40
Pear Orchard
 
Jackson, MS
 
—

 
(1
)
 
1,351

 
12,168

 
—

 
7,500

 
1,351

 
19,668

 
21,019

 
(11,676
)
 
9,343

 
1985
 
1 - 40
Reflection Pointe
 
Jackson, MS
 
5,854

 
(8
)
 
710

 
8,770

 
138

 
6,857

 
848

 
15,627

 
16,475

 
(8,915
)
 
7,560

 
1986
 
1 - 40
Lakeshore Landing
 
Ridgeland, MS
 
—

 
(1
)
 
676

 
6,284

 
—

 
2,131

 
676

 
8,415

 
9,091

 
(2,807
)
 
6,284

 
1974
 
1 - 40
Savannah Creek
 
Southaven, MS
 
—

 
(1
)
 
778

 
7,013

 
—

 
2,864

 
778

 
9,877

 
10,655

 
(5,816
)
 
4,839

 
1989
 
1 - 40
Sutton Place
 
Southaven, MS
 
—

 
(1
)
 
894

 
8,053

 
—

 
3,504

 
894

 
11,557

 
12,451

 
(6,774
)
 
5,677

 
1991
 
1 - 40
Market Station
 
Kansas City, MO
 
—

 
 
 
5,814

 
46,241

 
—

 
41

 
5,814

 
46,282

 
52,096

 
(359
)
 
51,737

 
2010
 
1 - 40
Hermitage at Beechtree
 
Cary, NC
 
—

 


 
900

 
8,099

 
—

 
4,619

 
900

 
12,718

 
13,618

 
(6,700
)
 
6,918

 
1988
 
1 - 40
Waterford Forest
 
Cary, NC
 
—

 
(5
)
 
4,000

 
20,250

 
—

 
2,149

 
4,000

 
22,399

 
26,399

 
(6,167
)
 
20,232

 
1996
 
1 - 40
1225 South Church I
 
Charlotte, NC
 
—

 
 
 
4,780

 
22,342

 
—

 
162

 
4,780

 
22,504

 
27,284

 
(1,254
)
 
26,030

 
2010
 
1 - 40
Hue
 
Raleigh, NC
 
—

 
 
 
3,690

 
29,910

 
—

 
1,250

 
3,690

 
31,160

 
34,850

 
(2,086
)
 
32,764

 
2009
 
1 - 40
Preserve at Brier Creek
 
Raleigh, NC
 
—

 


 
5,850

 
21,980

 
(19
)
 
22,471

 
5,831

 
44,451

 
50,282

 
(8,610
)
 
41,672

 
2004
 
1 - 40
Providence at Brier Creek
 
Raleigh, NC
 
—

 
 
 
4,695

 
29,007

 
—

 
702

 
4,695

 
29,709

 
34,404

 
(4,630
)
 
29,774

 
2007
 
1 - 40
Corners, The
 
Winston-Salem, NC
 
—

 


 
685

 
6,165

 
—

 
2,793

 
685

 
8,958

 
9,643

 
(5,907
)
 
3,736

 
1982
 
1 - 40
Colony at South Park
 
Aiken, SC
 
—

 
(1
)
 
862

 
7,867

 
—

 
1,610

 
862

 
9,477

 
10,339

 
(3,285
)
 
7,054

 
1982
 
1 - 40
Woodwinds
 
Aiken, SC
 
—

 
(1
)
 
503

 
4,540

 
—

 
2,197

 
503

 
6,737

 
7,240

 
(3,601
)
 
3,639

 
1988
 
1 - 40
Tanglewood
 
Anderson, SC
 
—

 


 
427

 
3,853

 
—

 
3,103

 
427

 
6,956

 
7,383

 
(4,221
)
 
3,162

 
1980
 
1 - 40
Fairways, The
 
Columbia, SC
 
7,701

 
(9
)
 
910

 
8,207

 
—

 
2,819

 
910

 
11,026

 
11,936

 
(6,565
)
 
5,371

 
1992
 
1 - 40
Paddock Club Columbia
 
Columbia, SC
 
—

 
(1
)
 
1,840

 
16,560

 
—

 
3,666

 
1,840

 
20,226

 
22,066

 
(10,682
)
 
11,384

 
1991
 
1 - 40
Highland Ridge
 
Greenville, SC
 
—

 
(1
)
 
482

 
4,337

 
—

 
2,251

 
482

 
6,588

 
7,070

 
(3,648
)
 
3,422

 
1984
 
1 - 40
Howell Commons
 
Greenville, SC
 
—

 
(1
)
 
1,304

 
11,740

 
—

 
3,511

 
1,304

 
15,251

 
16,555

 
(8,691
)
 
7,864

 
1987
 
1 - 40
Paddock Club Greenville
 
Greenville, SC
 
—

 
(1
)
 
1,200

 
10,800

 
—

 
1,846

 
1,200

 
12,646

 
13,846

 
(6,699
)
 
7,147

 
1996
 
1 - 40
Park Haywood
 
Greenville, SC
 
—

 
(1
)
 
325

 
2,925

 
35

 
4,534

 
360

 
7,459

 
7,819

 
(4,795
)
 
3,024

 
1983
 
1 - 40
Spring Creek
 
Greenville, SC
 
—

 
(1
)
 
597

 
5,374

 
(14
)
 
2,808

 
583

 
8,182

 
8,765

 
(4,968
)
 
3,797

 
1985
 
1 - 40
Runaway Bay
 
Mt. Pleasant, SC
 
8,365

 
 (6) (18)

 
1,085

 
7,269

 
(2
)
 
5,858

 
1,083

 
13,127

 
14,210

 
(7,705
)
 
6,505

 
1988
 
1 - 40
535 Brookwood
 
Simpsonville, SC
 
13,657

 
 
 
1,216

 
18,666

 
—

 
423

 
1,216

 
19,089

 
20,305

 
(1,660
)
 
18,645

 
2008
 
1 - 40
Park Place
 
Spartanburg, SC
 
—

 
(1
)
 
723

 
6,504

 
—

 
2,852

 
723

 
9,356

 
10,079

 
(5,113
)
 
4,966

 
1987
 
1 - 40
Farmington Village
 
Summerville, SC
 
15,200

 
 
 
2,800

 
26,295

 
—

 
564

 
2,800

 
26,859

 
29,659

 
(4,813
)
 
24,846

 
2007
 
1 - 40
Hamilton Pointe
 
Chattanooga, TN
 
—

 
(1
)
 
1,131

 
10,632

 
—

 
2,386

 
1,131

 
13,018

 
14,149

 
(4,644
)
 
9,505

 
1989
 
1 - 40
Hidden Creek
 
Chattanooga, TN
 
—

 
(1
)
 
972

 
8,954

 
—

 
2,020

 
972

 
10,974

 
11,946

 
(3,903
)
 
8,043

 
1987
 
1 - 40
Steeplechase
 
Chattanooga, TN
 
—

 
(1
)
 
217

 
1,957

 
—

 
2,979

 
217

 
4,936

 
5,153

 
(3,083
)
 
2,070

 
1986
 
1 - 40
Windridge
 
Chattanooga, TN
 
5,465

 
(13
)
 
817

 
7,416

 
—

 
3,602

 
817

 
11,018

 
11,835

 
(5,772
)
 
6,063

 
1984
 
1 - 40
Oaks, The
 
Jackson, TN
 
—

 
(1
)
 
177

 
1,594

 
12

 
2,105

 
189

 
3,699

 
3,888

 
(2,343
)
 
1,545

 
1978
 
1 - 40
Post House Jackson
 
Jackson, TN
 
5,071

 
(21
)
 
443

 
5,078

 
—

 
4,009

 
443

 
9,087

 
9,530

 
(4,854
)
 
4,676

 
1987
 
1 - 40
Post House North
 
Jackson, TN
 
3,360

 
(10
)
 
381

 
4,299

 
(57
)
 
2,627

 
324

 
6,926

 
7,250

 
(4,222
)
 
3,028

 
1987
 
1 - 40
Bradford Chase
 
Jackson, TN
 
—

 
(1
)
 
523

 
4,711

 
—

 
1,904

 
523

 
6,615

 
7,138

 
(4,084
)
 
3,054

 
1987
 
1 - 40
Woods at Post House
 
Jackson, TN
 
4,476

 
 
 
240

 
6,839

 
—

 
2,468

 
240

 
9,307

 
9,547

 
(5,955
)
 
3,592

 
1997
 
1 - 40
Greenbrook
 
Memphis, TN
 
28,394

 
 
 
2,100

 
24,468

 
25

 
25,446

 
2,125

 
49,914

 
52,039

 
(33,027
)
 
19,012

 
1978
 
1 - 40
Kirby Station
 
Memphis, TN
 
—

 
(1
)
 
1,148

 
10,337

 
—

 
8,730

 
1,148

 
19,067

 
20,215

 
(10,200
)
 
10,015

 
1978
 
1 - 40
Lincoln on the Green
 
Memphis, TN
 
—

 
(1
)
 
1,498

 
20,483

 
—

 
13,570

 
1,498

 
34,053

 
35,551

 
(19,266
)
 
16,285

 
1992
 
1 - 40
Park Estate
 
Memphis, TN
 
—

 
 
 
178

 
1,141

 
—

 
4,583

 
178

 
5,724

 
5,902

 
(4,163
)
 
1,739

 
1974
 
1 - 40
Reserve at Dexter Lake
 
Memphis, TN
 
—

 
 
 
1,260

 
16,043

 
2,147

 
36,255

 
3,407

 
52,298

 
55,705

 
(17,789
)
 
37,916

 
2000
 
1 - 40
Paddock Club Murfreesboro
 
Murfreesboro, TN
 
—

 


 
915

 
14,774

 
—

 
2,027

 
915

 
16,801

 
17,716

 
(6,479
)
 
11,237

 
1999
 
1 - 40
Aventura at Indian Lake Village
 
Nashville, TN
 
—

 
 
 
4,950

 
28,053

 
—

 
542

 
4,950

 
28,595

 
33,545

 
(1,151
)
 
32,394

 
2010
 
1 - 40
Avondale at Kennesaw
 
Nashville, TN
 
18,821

 
 
 
3,456

 
22,443

 
—

 
450

 
3,456

 
22,893

 
26,349

 
(1,961
)
 
24,388

 
2008
 
1 - 40
Brentwood Downs
 
Nashville, TN
 
—

 


 
1,193

 
10,739

 
(2
)
 
6,504

 
1,191

 
17,243

 
18,434

 
(9,893
)
 
8,541

 
1986
 
1 - 40
Grand View Nashville
 
Nashville, TN
 
—

 


 
2,963

 
33,673

 
—

 
4,009

 
2,963

 
37,682

 
40,645

 
(12,846
)
 
27,799

 
2001
 
1 - 40
Monthaven Park
 
Nashville, TN
 
—

 


 
2,736

 
28,902

 
—

 
3,647

 
2,736

 
32,549

 
35,285

 
(10,716
)
 
24,569

 
2000
 
1 - 40
Park at Hermitage
 
Nashville, TN
 
6,645

 
 (14)(18)
 
1,524

 
14,800

 
—

 
7,168

 
1,524

 
21,968

 
23,492

 
(12,960
)
 
10,532

 
1987
 
1 - 40
Venue at Cool Springs
 
Nashville, TN
 
—

 
 
 
6,670

 
—

 
—

 
49,672

 
6,670

 
49,672

 
56,342

 
(480
)
 
55,862

 
2012
 
1 - 40
Verandas at Sam Ridley
 
Nashville, TN
 
23,165

 
 
 
3,350

 
28,308

 
—

 
500

 
3,350

 
28,808

 
32,158

 
(2,384
)
 
29,774

 
2009
 
1 - 40
Northwood
 
Arlington, TX
 
—

 


 
886

 
8,051

 
—

 
1,720

 
886

 
9,771

 
10,657

 
(3,457
)
 
7,200

 
1980
 
1 - 40
Balcones Woods
 
Austin, TX
 
—

 


 
1,598

 
14,398

 
—

 
9,769

 
1,598

 
24,167

 
25,765

 
(13,652
)
 
12,113

 
1983
 
1 - 40
Grand Reserve at Sunset Valley
 
Austin, TX
 
—

 
(4
)
 
3,150

 
11,393

 
—

 
2,448

 
3,150

 
13,841

 
16,991

 
(4,259
)
 
12,732

 
1996
 
1 - 40
Legacy at Western Oaks
 
Austin, TX
 
32,461

 
 
 
9,100

 
49,339

 
—

 
413

 
9,100

 
49,752

 
58,852

 
(1,247
)
 
57,605

 
2001
 
1 - 40
Silverado
 
Austin, TX
 
—

 


 
2,900

 
24,009

 
—

 
1,402

 
2,900

 
25,411

 
28,311

 
(6,109
)
 
22,202

 
2003
 
1 - 40
Stassney Woods
 
Austin, TX
 
4,050

 
 (15)(18)
 
1,621

 
7,501

 
—

 
5,502

 
1,621

 
13,003

 
14,624

 
(7,971
)
 
6,653

 
1985
 
1 - 40
Travis Station
 
Austin, TX
 
3,585

 
 (16)(18)
 
2,281

 
6,169

 
—

 
6,245

 
2,281

 
12,414

 
14,695

 
(6,955
)
 
7,740

 
1987
 
1 - 40
Woods, The
 
Austin, TX
 
—

 


 
1,405

 
12,769

 
—

 
5,036

 
1,405

 
17,805

 
19,210

 
(6,065
)
 
13,145

 
1977
 
1 - 40
Courtyards at Campbell
 
Dallas, TX
 
—

 


 
988

 
8,893

 
—

 
3,241

 
988

 
12,134

 
13,122

 
(6,213
)
 
6,909

 
1986
 
1 - 40
Deer Run
 
Dallas, TX
 
—

 


 
1,252

 
11,271

 
—

 
4,026

 
1,252

 
15,297

 
16,549

 
(8,011
)
 
8,538

 
1985
 
1 - 40
Grand Courtyard
 
Dallas, TX
 
—

 
(4
)
 
2,730

 
22,240

 
—

 
1,640

 
2,730

 
23,880

 
26,610

 
(5,729
)
 
20,881

 
2000
 
1 - 40
Legends at Lowe's Farm
 
Dallas, TX
 
—

 
 
 
5,016

 
41,091

 
—

 
679

 
5,016

 
41,770

 
46,786

 
(1,791
)
 
44,995

 
2008
 
1 - 40
Watermark
 
Dallas, TX
 
—

 
(5
)
 
960

 
14,438

 
—

 
1,220

 
960

 
15,658

 
16,618

 
(4,792
)
 
11,826

 
2002
 
1 - 40
La Valencia at Starwood
 
Frisco, TX
 
22,085

 
 
 
3,240

 
26,069

 
—

 
407

 
3,240

 
26,476

 
29,716

 
(2,134
)
 
27,582

 
2009
 
1 - 40
Legacy Pines
 
Houston, TX
 
—

 


 
2,157

 
19,066

 
(15
)
 
2,987

 
2,142

 
22,053

 
24,195

 
(7,930
)
 
16,265

 
1999
 
1 - 40
Reserve at Woodwind Lakes
 
Houston, TX
 
12,077

 
 
 
1,968

 
19,928

 
—

 
2,562

 
1,968

 
22,490

 
24,458

 
(5,237
)
 
19,221

 
1999
 
1 - 40
Park Place (Houston)
 
Houston, TX
 
—

 


 
2,061

 
15,830

 
—

 
2,681

 
2,061

 
18,511

 
20,572

 
(4,121
)
 
16,451

 
1996
 
1 - 40
Ranchstone
 
Houston, TX
 
—

 
(4
)
 
1,480

 
14,807

 
—

 
1,865

 
1,480

 
16,672

 
18,152

 
(3,499
)
 
14,653

 
1996
 
1 - 40
Cascade at Fall Creek
 
Humble, TX
 
—

 
 
 
3,230

 
19,926

 
—

 
791

 
3,230

 
20,717

 
23,947

 
(3,681
)
 
20,266

 
2007
 
1 - 40
Chalet at Fall Creek
 
Humble, TX
 
—

 
(4
)
 
2,755

 
20,085

 
—

 
560

 
2,755

 
20,645

 
23,400

 
(4,076
)
 
19,324

 
2006
 
1 - 40
Bella Casita at Las Colinas
 
Irving, TX
 
—

 
(5
)
 
2,521

 
26,432

 
—

 
570

 
2,521

 
27,002

 
29,523

 
(1,922
)
 
27,601

 
2007
 
1 - 40
Lane at Towne Crossing
 
Mesquite, TX
 
—

 
(2
)
 
1,311

 
11,867

 
(8
)
 
2,376

 
1,303

 
14,243

 
15,546

 
(4,962
)
 
10,584

 
1983
 
1 - 40
Times Square at Craig Ranch
 
McKinney, TX
 
—

 
 
 
1,130

 
28,058

 
—

 
1,902

 
1,130

 
29,960

 
31,090

 
(2,459
)
 
28,631

 
2009
 
1 - 40
Highwood
 
Plano, TX
 
—

 
 
 
864

 
7,783

 
—

 
3,451

 
864

 
11,234

 
12,098

 
(6,033
)
 
6,065

 
1983
 
1 - 40
Los Rios Park
 
Plano, TX
 
—

 
(2
)
 
3,273

 
28,823

 
—

 
3,227

 
3,273

 
32,050

 
35,323

 
(10,861
)
 
24,462

 
2000
 
1 - 40
Boulder Ridge
 
Roanoke, TX
 
—

 
(2
)
 
3,382

 
26,930

 
—

 
4,378

 
3,382

 
31,308

 
34,690

 
(8,350
)
 
26,340

 
1999
 
1 - 40
Copper Ridge
 
Roanoke, TX
 
—

 
 
 
4,166

 
—

 
—

 
20,991

 
4,166

 
20,991

 
25,157

 
(2,151
)
 
23,006

 
2009
 
1 - 40
Alamo Ranch
 
San Antonio, TX
 
—

 
 
 
2,380

 
26,982

 
—

 
923

 
2,380

 
27,905

 
30,285

 
(1,912
)
 
28,373

 
2009
 
1 - 40
Haven at Blanco
 
San Antonio, TX
 
—

 
 
 
5,450

 
45,958

 
—

 
76

 
5,450

 
46,034

 
51,484

 
(519
)
 
50,965

 
2010
 
1 - 40
Stone Ranch at Westover Hills
 
San Antonio, TX
 
19,319

 
 
 
4,000

 
24,992

 
—

 
994

 
4,000

 
25,986

 
29,986

 
(2,760
)
 
27,226

 
2009
 
1 - 40
Cypresswood Court
 
Spring, TX
 
—

 
(5
)
 
576

 
5,190

 
—

 
3,083

 
576

 
8,273

 
8,849

 
(5,152
)
 
3,697

 
1984
 
1 - 40
Villages at Kirkwood
 
Stafford, TX
 
—

 
(4
)
 
1,918

 
15,846

 
—

 
1,849

 
1,918

 
17,695

 
19,613

 
(5,418
)
 
14,195

 
1996
 
1 - 40
Green Tree Place
 
Woodlands, TX
 
—

 
(5
)
 
539

 
4,850

 
—

 
2,800

 
539

 
7,650

 
8,189

 
(4,712
)
 
3,477

 
1984
 
1 - 40
Adalay Bay
 
Chesapeake, VA
 
—

 
 
 
5,280

 
31,341

 
—

 
461

 
5,280

 
31,802

 
37,082

 
(805
)
 
36,277

 
2002
 
1 - 40
Seasons at Celebrate Virginia
 
Fredericksburg, VA
 
—

 
 
 
6,960

 
32,083

 
—

 
172

 
6,960

 
32,255

 
39,215

 
(1,188
)
 
38,027

 
2011
 
1 - 40
Township
 
Hampton, VA
 
10,748

 
(11
)
 
1,509

 
8,189

 
—

 
8,342

 
1,509

 
16,531

 
18,040

 
(8,751
)
 
9,289

 
1987
 
1 - 40
Hamptons at Hunton Park
 
Richmond, VA
 
—

 
 
 
4,930

 
35,598

 
—

 
1,446

 
4,930

 
37,044

 
41,974

 
(2,002
)
 
39,972

 
2003
 
1 - 40
Total Residential Properties
 
 
 
$
350,879

 
 
 
367,228

 
2,566,089

 
5,692

 
715,995

 
372,920

 
3,282,084

 
3,655,004

 
(1,027,386
)
 
2,627,618

 
 
 
 
Times Square at Craig Ranch
 
 
 
 
 
 
 
253

 
1,310

 
—

 
375

 
253

 
1,685

 
1,938

 
(58
)
 
1,880

 
2009
 
1 - 40
Bella Casita at Las Colinas
 
 
 
 
 
 
 
46

 
186

 
—

 
126

 
46

 
312

 
358

 
(16
)
 
342

 
2007
 
1 - 40
Allure at Buckhead
 
 
 
 
 
 
 
867

 
3,465

 
—

 
—

 
867

 
3,465

 
4,332

 
(77
)
 
4,255

 
2002
 
1 - 40
1225 South Church
 
 
 
 
 
 
 
43

 
199

 
9

 
131

 
52

 
330

 
382

 
(17
)
 
365

 
2010
 
1 - 40
Retail Properties
 
Various
 
 
 
 
 
1,209

 
5,160

 
9

 
632

 
1,218

 
5,792

 
7,010

 
(168
)
 
6,842

 
Various
 
1 - 40
South Church Phase II Development
 
 
 
 
 
 
 
4,832

 
—

 
—

 
19,426

 
4,832

 
19,426

 
24,258

 
(64
)
 
24,194

 
N/A
 
N/A
River's Walk
 
 
 
 
 
 
 
5,200

 
—

 
—

 
11,526

 
5,200

 
11,526

 
16,726

 
—

 
16,726

 
N/A
 
N/A
220 Riverside
 
 
 
 
 
 
 
2,500

 
—

 
—

 
2,084

 
2,500

 
2,084

 
4,584

 
—

 
4,584

 
N/A
 
N/A
Development Properties
 
 
 
 
 
 
 
12,532

 
—

 
—

 
33,036

 
12,532

 
33,036

 
45,568

 
(64
)
 
45,504

 
 
 
 
Total Properties
 
 
 
 
 
 
 
380,969

 
2,571,249

 
5,701

 
749,663

 
386,670

 
3,320,912

 
3,707,582

 
(1,027,618
)
 
2,679,964

 
 
 
 
Land Held for Future Developments
 
Various
 
 
 
 
 
1,306

 
—

 
(101
)
 
—

 
1,205

 
—

 
1,205

 
—

 
1,205

 
N/A
 
N/A
Commercial Properties
 
Various
 
 
 
 
 
—

 
—

 
—

 
20,920

 
—

 
20,920

 
20,920

 
(12,855
)
 
8,065

 
Various
 
1 - 40
Total Other
 
 
 
 
 
 
 
1,306

 
—

 
(101
)
 
20,920

 
1,205

 
20,920

 
22,125

 
(12,855
)
 
9,270

 
 
 
 
 
 
Total Real Estate Assets, net of Joint Ventures
 
 
 
$
382,275

 
$
2,571,249

 
$
5,600

 
$
770,583

 
$
387,875

 
$
3,341,832

 
$
3,729,707

 
$
(1,040,473
)
 
$
2,689,234

 
 
 
 
(1)
Encumbered by a $691.8 million FNMA facility, with $495.8 million available and $495.8 million outstanding with a variable interest rate of 1.22% on which there exists in combination with the FNMA facility mentioned in note (2) nine interest rate swap agreements totaling $275 million at an average rate of 5.45% and six interest rate caps totalling $165 million at an average rate of 4.58% at December 31, 2012.
(2)
Encumbered by a $83.2 million FNMA facility, with $0 million available and $0 outstanding with a variable interest rate of 0.00% on which there exists interest rate swaps and caps as mentioned in note (1) at December 31, 2012.
(3)
Phase I of Paddock Park - Ocala is encumbered by $6.8 million in bonds on which there exists a $6.8 million interest rate cap of 6.00% which terminates on October 24, 2017.
(4)
Encumbered by a $200 million Freddie Mac facility, with $198.2 million available and an outstanding balance of $198.2 million and a variable interest rate of 0.72% on which there exists eight interest rate swap agreements totaling $134 million at an average rate of 5.51% and a $15 million interest rate cap of 5% at December 31, 2012.
(5)
Encumbered by a $128 million loan with an outstanding balance of $128 million and a fixed interest rate of 5.08% which matures on June 10, 2021.
(6)
Encumbered by $8.4 million in bonds on which there exists a $8.4 million interest rate cap of 4.50% which terminates on March 1, 2014.
(7)
Encumbered by $7.0 million in bonds on which there exists a $7.0 million interest rate cap of 6.00% and maturing on October 15, 2017.
(8)
Encumbered by $5.9 million in bonds on which there exists a $5.9 million interest rate cap of 6.00% which terminates on October 31, 2017.
(9)
Encumbered by $7.7 million in bonds on which there exists a $7.7 million interest rate cap of 6.00% which terminates on October 31, 2017.
(10)
Encumbered by $3.4 million in bonds on which there exists a $3.4 million interest rate cap of 6.00% which terminates on October 31, 2017.
(11)
Encumbered by $10.8 million in bonds on which there exists a $10.8 million interest rate cap of 6.00% and maturing on October 15, 2017.
(12)
Encumbered by $3.5 million in bonds $0.5 million having a variable rate of 1.128% and $3.0 million with a variable rate of 0.908% on which there exists a $3.0 million interest rate cap of 6.00% which terminates on May 31, 2013.
(13)
Encumbered by $5.5 million in bonds $0.5 million having a variable rate of 1.128% and $5.0 million with a variable rate of 0.908% on which there exists a $5.0 million interest rate cap of 6.00% which terminates on May 31, 2013.
(14)
Encumbered by $6.6 million in bonds on which there exists a $6.6 million interest rate cap of 6.00% which terminates on November 15, 2016.
(15)
Encumbered by $4.1 million in bonds on which there exists a $4.1 million interest rate cap of 6.00% which terminates on November 15, 2016.  
(16)
Encumbered by $3.6 million in bonds on which there exists a $3.6 million interest rate cap of 6.00% which terminates on November 15, 2016.
(17)
Phase I of St. Augustine is encumbered by $13.2 million in bonds on which there exists a $13.2 million interest rate cap of 4.50% which terminates on March 1, 2014.
(18)
Also encumbered by a $17.9 million FNMA facility maturing on March 1, 2014 with a variable interest rate of 0.84% on which there exists a $11.7 million interest rate cap of 5.00% which terminates on March 1, 2014, and a $6.2 million interest rate cap of 4.50% which terminates on March 1, 2014.
(19)
The aggregate cost for Federal income tax purposes was approximately $3.8 million at December 31, 2012. The aggregate cost for book purposes exceeds the total gross amount of real estate assets for Federal income tax purposes, principally due to purchase accounting adjustments recorded under accounting principles generally accepted in the United States of America.
(20)
Depreciation is on a straight line basis over the estimated useful asset life which ranges from 8 to 40 years for land improvements and buildings, 5 years for furniture, fixtures and equipment, and 6 months for fair market value of residential leases.
(21)
Encumbered by $5.1 million in bonds on which there exists a $5.1 million interest rate cap of 4.50% which terminates on March 1, 2014.