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Schedule III Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2016
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III Real Estate and Accumulated Depreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Life used to compute depreciation in latest income statement (4)
 
 
 
 
 
 
 
 
Initial Cost
 
Costs Capitalized subsequent to Acquisition
 
Gross Amount carried at December 31, 2016  (3)
 
 
 
 
 
 
 
 
 
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

 
$
—

 
$
1,072

 
$
2,640

 
$
29,914

 
$
32,554

 
$
(5,587
)
 
$
26,967

 
2009
 
1 - 40
Colonial Grand at Riverchase Trails
 
Birmingham, AL
 
—

 
 
 
3,761

 
22,079

 
—

 
2,259

 
3,761

 
24,338

 
28,099

 
(3,881
)
 
24,218

 
2010
 
1 - 40
Colonial Village at Trussville
 
Birmingham, AL
 
—

 
 
 
3,402

 
31,813

 
—

 
1,694

 
3,402

 
33,507

 
36,909

 
(4,868
)
 
32,041

 
1996/97
 
1 - 40
Eagle Ridge
 
Birmingham, AL
 
—

 
(1)
 
851

 
7,667

 
—

 
3,593

 
851

 
11,260

 
12,111

 
(6,842
)
 
5,269

 
1986
 
1 - 40
Colonial Grand at Traditions
 
Gulf Shores,AL
 
—

 
 
 
3,211

 
25,162

 
—

 
1,558

 
3,211

 
26,720

 
29,931

 
(4,202
)
 
25,729

 
2007
 
1 - 40
Colonial Grand at Edgewater
 
Huntsville, AL
 
20,472

 
 
 
4,943

 
38,673

 
—

 
3,904

 
4,943

 
42,577

 
47,520

 
(5,669
)
 
41,851

 
1990
 
1 - 40
Paddock Club at Providence
 
Huntsville, AL
 
—

 
 
 
909

 
10,152

 
830

 
13,272

 
1,739

 
23,424

 
25,163

 
(12,467
)
 
12,696

 
1993
 
1 - 40
Colonial Grand at Madison
 
Madison, AL
 
17,028

 
 
 
3,601

 
28,934

 
—

 
1,119

 
3,601

 
30,053

 
33,654

 
(4,488
)
 
29,166

 
2000
 
1 - 40
Paddock Club Montgomery
 
Montgomery, AL
 
—

 
 
 
965

 
13,190

 
—

 
1,769

 
965

 
14,959

 
15,924

 
(7,299
)
 
8,625

 
1999
 
1 - 40
Cypress Village
 
Orange Beach, AL
 
—

 
 
 
1,290

 
12,238

 
—

 
583

 
1,290

 
12,821

 
14,111

 
(1,861
)
 
12,250

 
2008
 
1 - 40
Colonial Grand at Liberty Park
 
Vestavia Hills, AL
 
16,404

 
 
 
3,922

 
30,977

 
—

 
3,249

 
3,922

 
34,226

 
38,148

 
(4,992
)
 
33,156

 
2000
 
1 - 40
Edge at Lyon's Gate
 
Phoenix, AZ
 
—

 
 
 
7,901

 
27,182

 
—

 
1,891

 
7,901

 
29,073

 
36,974

 
(8,483
)
 
28,491

 
2007
 
1 - 40
Residences at Fountainhead
 
Phoenix, AZ
 
—

 
 
 
12,212

 
56,705

 
—

 
566

 
12,212

 
57,271

 
69,483

 
(875
)
 
68,608

 
2015
 
1 - 40
Sky View Ranch
 
Gilbert, AZ
 
—

 
 
 
2,668

 
14,577

 
—

 
1,832

 
2,668

 
16,409

 
19,077

 
(4,413
)
 
14,664

 
2007
 
1 - 40
Talus Ranch
 
Phoenix, AZ
 
—

 
 
 
12,741

 
47,701

 
—

 
2,153

 
12,741

 
49,854

 
62,595

 
(17,449
)
 
45,146

 
2005
 
1 - 40
Colonial Grand at Inverness Commons
 
Mesa, AZ
 
—

 
 
 
4,219

 
26,255

 
—

 
1,211

 
4,219

 
27,466

 
31,685

 
(3,931
)
 
27,754

 
2002
 
1 - 40
Colonial Grand at Scottsdale
 
Scottsdale, AZ
 
—

 
 
 
3,612

 
20,273

 
—

 
1,660

 
3,612

 
21,933

 
25,545

 
(3,137
)
 
22,408

 
1999
 
1 - 40
Colonial Grand at OldTown Scottsdale
 
Scottsdale, AZ
 
—

 
 
 
7,820

 
51,627

 
—

 
3,589

 
7,820

 
55,216

 
63,036

 
(7,643
)
 
55,393

 
1994/95
 
1 - 40
SkySong
 
Scottsdale, AZ
 
—

 
 
 
—

 
55,748

 
—

 
609

 
—

 
56,357

 
56,357

 
(2,310
)
 
54,047

 
2014
 
1 - 40
Calais Forest
 
Little Rock, AR
 
—

 
 
 
1,026

 
9,244

 
—

 
7,442

 
1,026

 
16,686

 
17,712

 
(10,657
)
 
7,055

 
1987
 
1 - 40
Napa Valley
 
Little Rock, AR
 
—

 
 
 
960

 
8,642

 
—

 
4,833

 
960

 
13,475

 
14,435

 
(8,507
)
 
5,928

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

 
 
 
2,560

 
25,234

 
—

 
2,941

 
2,560

 
28,175

 
30,735

 
(5,145
)
 
25,590

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

 
 
 
2,626

 
—

 
—

 
27,222

 
2,626

 
27,222

 
29,848

 
(3,130
)
 
26,718

 
2012
 
1 - 40
Westside Creek
 
Little Rock, AR
 
—

 
 
 
1,271

 
11,463

 
—

 
7,554

 
1,271

 
19,017

 
20,288

 
(11,244
)
 
9,044

 
1984/86
 
1 - 40
Tiffany Oaks
 
Altamonte Springs, FL
 
—

 
(1)
 
1,024

 
9,219

 
—

 
4,671

 
1,024

 
13,890

 
14,914

 
(9,016
)
 
5,898

 
1985
 
1 - 40
Indigo Point
 
Brandon, FL
 
—

 
(1)
 
1,167

 
10,500

 
—

 
3,219

 
1,167

 
13,719

 
14,886

 
(7,929
)
 
6,957

 
1989
 
1 - 40
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Life used to compute depreciation in latest income statement (4)
 
 
 
 
 
 
 
 
Initial Cost
 
Costs Capitalized subsequent to Acquisition
 
Gross Amount carried at December 31, 2016  (3)
 
 
 
 
 
 
 
 
 
Property
 
Location
 
Encumbrances
 
 
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Total
 
Accumulated Depreciation
 
Net
 
Date of Construction
 
Paddock Club Brandon
 
Brandon, FL
 
—

 
 
 
2,896

 
26,111

 
—

 
5,223

 
2,896

 
31,334

 
34,230

 
(17,961
)
 
16,269

 
1998
 
1 - 40
Colonial Grand at Lakewood Ranch
 
Bradenton, FL
 
—

 
 
 
2,980

 
40,230

 
—

 
2,515

 
2,980

 
42,745

 
45,725

 
(5,885
)
 
39,840

 
1999
 
1 - 40
The Preserve at Coral Square
 
Coral Springs, FL
 
—

 
 
 
9,600

 
40,004

 
—

 
8,573

 
9,600

 
48,577

 
58,177

 
(20,516
)
 
37,661

 
1996
 
1 - 40
Paddock Club Gainesville
 
Gainesville, FL
 
—

 
 
 
1,800

 
15,879

 
—

 
4,295

 
1,800

 
20,174

 
21,974

 
(8,645
)
 
13,329

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

 
 
 
2,040

 
16,338

 
—

 
504

 
2,040

 
16,842

 
18,882

 
(3,299
)
 
15,583

 
2009
 
1 - 40
Colonial Grand at Heathrow
 
Heathrow, FL
 
20,310

 
 
 
4,101

 
35,684

 
—

 
2,072

 
4,101

 
37,756

 
41,857

 
(5,448
)
 
36,409

 
1997
 
1 - 40
220 Riverside
 
Jacksonville, FL
 
—

 
 
 
2,500

 
38,416

 
—

 
2,180

 
2,500

 
40,596

 
43,096

 
(1,362
)
 
41,734

 
2015
 
1 - 40
Atlantic Crossing
 
Jacksonville, FL
 
—

 
 
 
4,000

 
19,495

 
—

 
1,393

 
4,000

 
20,888

 
24,888

 
(4,246
)
 
20,642

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

 
 
 
854

 
7,500

 
—

 
3,250

 
854

 
10,750

 
11,604

 
(7,460
)
 
4,144

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

 
 
 
1,533

 
13,835

 
—

 
5,121

 
1,533

 
18,956

 
20,489

 
(11,640
)
 
8,849

 
1987
 
1 - 40
Lakeside
 
Jacksonville, FL
 
—

 
 
 
1,430

 
12,883

 
—

 
7,341

 
1,430

 
20,224

 
21,654

 
(14,045
)
 
7,609

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

 
(1)
 
4,047

 
35,052

 
—

 
4,769

 
4,047

 
39,821

 
43,868

 
(17,929
)
 
25,939

 
2003
 
1 - 40
Paddock Club Mandarin
 
Jacksonville, FL
 
—

 
 
 
1,411

 
14,967

 
—

 
2,382

 
1,411

 
17,349

 
18,760

 
(8,381
)
 
10,379

 
1998
 
1 - 40
St. Augustine
 
Jacksonville, FL
 
—

 
 
 
2,857

 
6,475

 
—

 
19,440

 
2,857

 
25,915

 
28,772

 
(11,487
)
 
17,285

 
1987
 
1 - 40
St. Augustine II
 
Jacksonville, FL
 
—

 
 
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
2008
 
1 - 40
Tattersall at Tapestry Park
 
Jacksonville, FL
 
—

 
 
 
6,417

 
36,069

 
—

 
859

 
6,417

 
36,928

 
43,345

 
(7,033
)
 
36,312

 
2009
 
1 - 40
Woodhollow
 
Jacksonville, FL
 
—

 
(1)
 
1,686

 
15,179

 
(8
)
 
8,356

 
1,678

 
23,535

 
25,213

 
(15,203
)
 
10,010

 
1986
 
1 - 40
Paddock Club Lakeland
 
Lakeland, FL
 
—

 
 
 
1,221

 
20,452

 
—

 
7,447

 
1,221

 
27,899

 
29,120

 
(17,072
)
 
12,048

 
1988/90
 
1 - 40
Colonial Grand at Town Park
 
Lake Mary, FL
 
36,208

 
 
 
5,742

 
56,562

 
—

 
2,341

 
5,742

 
58,903

 
64,645

 
(8,810
)
 
55,835

 
2005
 
1 - 40
Colonial Grand at Town Park Reserve
 
Lake Mary, FL
 
—

 
 
 
3,481

 
10,311

 
—

 
274

 
3,481

 
10,585

 
14,066

 
(1,610
)
 
12,456

 
2004
 
1 - 40
Colonial Grand at Lake Mary
 
Lake Mary, FL
 
—

 
 
 
6,346

 
41,539

 
—

 
22,933

 
6,346

 
64,472

 
70,818

 
(7,171
)
 
63,647

 
2012
 
1 - 40
Retreat at Lake Nona
 
Orlando, FL
 
—

 
 
 
7,880

 
41,175

 
—

 
2,484

 
7,880

 
43,659

 
51,539

 
(6,803
)
 
44,736

 
2006
 
1 - 40
Colonial Grand at Heather Glen
 
Orlando, FL
 
—

 
 
 
4,662

 
56,988

 
—

 
3,473

 
4,662

 
60,461

 
65,123

 
(8,260
)
 
56,863

 
2000
 
1 - 40
Colonial Grand at Randal Lakes
 
Orlando, FL
 
—

 
 
 
5,659

 
50,553

 
—

 
10,544

 
5,659

 
61,097

 
66,756

 
(4,479
)
 
62,277

 
2013
 
1 - 40
Post Lake at Baldwin Park
 
Orlando, FL
 
—

 
 
 
18,137

 
144,474

 
—

 
129

 
18,137

 
144,603

 
162,740

 
(479
)
 
162,261

 
2011
 
1 - 40
Post Lakeside
 
Orlando, FL
 
—

 
 
 
7,060

 
52,688

 
—

 
39

 
7,060

 
52,727

 
59,787

 
(157
)
 
59,630

 
2013
 
1 - 40
Post Parkside
 
Orlando, FL
 
—

 
 
 
5,680

 
49,849

 
—

 
47

 
5,680

 
49,896

 
55,576

 
(167
)
 
55,409

 
1999
 
1 - 40
Park Crest at Innisbrook
 
Palm Harbor, FL
 
27,805

 
 
 
6,900

 
26,613

 
—

 
1,575

 
6,900

 
28,188

 
35,088

 
(7,835
)
 
27,253

 
2000
 
1 - 40
The Club at Panama Beach
 
Panama City, FL
 
—

 
 
 
898

 
14,276

 
(5
)
 
3,476

 
893

 
17,752

 
18,645

 
(9,179
)
 
9,466

 
2000
 
1 - 40
Colonial Village at Twin Lakes
 
Sanford, FL
 
23,691

 
 
 
3,091

 
47,793

 
—

 
1,325

 
3,091

 
49,118

 
52,209

 
(7,053
)
 
45,156

 
2005
 
1 - 40
Paddock Club Tallahassee
 
Tallahassee, FL
 
—

 
 
 
530

 
4,805

 
950

 
14,079

 
1,480

 
18,884

 
20,364

 
(11,387
)
 
8,977

 
1992
 
1 - 40
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Life used to compute depreciation in latest income statement (4)
 
 
 
 
 
 
 
 
Initial Cost
 
Costs Capitalized subsequent to Acquisition
 
Gross Amount carried at December 31, 2016  (3)
 
 
 
 
 
 
 
 
 
Property
 
Location
 
Encumbrances
 
 
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Total
 
Accumulated Depreciation
 
Net
 
Date of Construction
 
Verandas at Southwood
 
Tallahassee, FL
 
—

 
 
 
3,600

 
25,914

 
—

 
476

 
3,600

 
26,390

 
29,990

 
(2,217
)
 
27,773

 
2003
 
1 - 40
Belmere
 
Tampa, FL
 
—

 
(1)
 
852

 
7,667

 
—

 
5,654

 
852

 
13,321

 
14,173

 
(9,259
)
 
4,914

 
1984
 
1 - 40
Links at Carrollwood
 
Tampa, FL
 
—

 
 
 
817

 
7,355

 
110

 
4,887

 
927

 
12,242

 
13,169

 
(7,431
)
 
5,738

 
1980
 
1 - 40
Post Bay at Rocky Point
 
Tampa, FL
 
—

 
 
 
4,550

 
28,437

 
—

 
24

 
4,550

 
28,461

 
33,011

 
(90
)
 
32,921

 
1997
 
1 - 40
Post Harbour Place
 
Tampa, FL
 
—

 
 
 
16,329

 
116,412

 
—

 
87

 
16,329

 
116,499

 
132,828

 
(401
)
 
132,427

 
1997
 
1 - 40
Post Hyde Park
 
Tampa, FL
 
42,807

 
 
 
16,925

 
95,441

 
—

 
84

 
16,925

 
95,525

 
112,450

 
(330
)
 
112,120

 
1994
 
1 - 40
Post Rocky Point
 
Tampa, FL
 
—

 
 
 
35,331

 
153,397

 
—

 
137

 
35,331

 
153,534

 
188,865

 
(502
)
 
188,363

 
1994-1996
 
1 - 40
Post Soho Square
 
Tampa, FL
 
—

 
 
 
5,201

 
56,397

 
—

 
38

 
5,201

 
56,435

 
61,636

 
(215
)
 
61,421

 
2012
 
1 - 40
Village Oaks
 
Tampa, FL
 
—

 
 
 
2,738

 
19,055

 
153

 
2,185

 
2,891

 
21,240

 
24,131

 
(6,126
)
 
18,005

 
2005
 
1 - 40
Colonial Grand at Hampton Preserve
 
Tampa, FL
 
—

 
 
 
6,233

 
69,535

 
—

 
981

 
6,233

 
70,516

 
76,749

 
(9,408
)
 
67,341

 
2012
 
1 - 40
Colonial Grand at Seven Oaks
 
Wesley Chapel, FL
 
25,015

 
 
 
3,051

 
42,768

 
—

 
1,306

 
3,051

 
44,074

 
47,125

 
(5,931
)
 
41,194

 
2004
 
1 - 40
Colonial Grand at Windermere
 
Windermere, FL
 
—

 
 
 
2,711

 
36,710

 
—

 
844

 
2,711

 
37,554

 
40,265

 
(4,930
)
 
35,335

 
2009
 
1 - 40
Allure at Brookwood
 
Atlanta, GA
 
—

 
 
 
11,168

 
52,758

 
—

 
3,662

 
11,168

 
56,420

 
67,588

 
(8,811
)
 
58,777

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

 
 
 
8,633

 
19,844

 
—

 
5,625

 
8,633

 
25,469

 
34,102

 
(4,603
)
 
29,499

 
2002
 
1 - 40
The High Rise at Post Alexander
 
Atlanta, GA
 
—

 
 
 
8,452

 
92,440

 
—

 
122

 
8,452

 
92,562

 
101,014

 
(450
)
 
100,564

 
2015
 
1 - 40
Post Alexander
 
Atlanta, GA
 
—

 
 
 
15,471

 
73,418

 
—

 
64

 
15,471

 
73,482

 
88,953

 
(237
)
 
88,716

 
2006
 
1 - 40
Post Briarcliff
 
Atlanta, GA
 
55,365

 
 
 
24,694

 
115,145

 
—

 
103

 
24,694

 
115,248

 
139,942

 
(359
)
 
139,583

 
1996
 
1 - 40
Post Brookhaven
 
Atlanta, GA
 
—

 
 
 
29,106

 
106,666

 
—

 
107

 
29,106

 
106,773

 
135,879

 
(361
)
 
135,518

 
1989-1992
 
1 - 40
Post Chastain
 
Atlanta, GA
 
—

 
 
 
30,284

 
83,125

 
—

 
83

 
30,284

 
83,208

 
113,492

 
(258
)
 
113,234

 
1990
 
1 - 40
Post Crossing
 
Atlanta, GA
 
24,858

 
 
 
15,831

 
48,147

 
—

 
56

 
15,831

 
48,203

 
64,034

 
(157
)
 
63,877

 
1995
 
1 - 40
Post Gardens
 
Atlanta, GA
 
—

 
 
 
17,943

 
56,198

 
—

 
102

 
17,943

 
56,300

 
74,243

 
(194
)
 
74,049

 
1996
 
1 - 40
Post Glen
 
Atlanta, GA
 
25,825

 
 
 
13,906

 
51,178

 
—

 
62

 
13,906

 
51,240

 
65,146

 
(162
)
 
64,984

 
1996
 
1 - 40
Post Parkside
 
Atlanta, GA
 
—

 
 
 
11,047

 
34,345

 
—

 
27

 
11,047

 
34,372

 
45,419

 
(102
)
 
45,317

 
1999
 
1 - 40
Post Peachtree Hills
 
Atlanta, GA
 
—

 
 
 
11,998

 
55,372

 
—

 
50

 
11,998

 
55,422

 
67,420

 
(171
)
 
67,249

 
1992-1994/2009
 
1 - 40
Post Riverside
 
Atlanta, GA
 
—

 
 
 
23,813

 
89,532

 
—

 
117

 
23,813

 
89,649

 
113,462

 
(332
)
 
113,130

 
1996
 
1 - 40
Post Spring
 
Atlanta, GA
 
—

 
 
 
18,634

 
57,927

 
—

 
65

 
18,634

 
57,992

 
76,626

 
(204
)
 
76,422

 
1999
 
1 - 40
Post Stratford
 
Atlanta, GA
 
—

 
 
 
—

 
30,107

 
—

 
23

 
—

 
30,130

 
30,130

 
(104
)
 
30,026

 
1999
 
1 - 40
Sanctuary at Oglethorpe
 
Atlanta, GA
 
—

 
 
 
6,875

 
31,441

 
—

 
3,945

 
6,875

 
35,386

 
42,261

 
(10,954
)
 
31,307

 
1994
 
1 - 40
Terraces at Fieldstone
 
Conyers, GA
 
—

 
 
 
1,284

 
15,819

 
—

 
2,464

 
1,284

 
18,283

 
19,567

 
(8,518
)
 
11,049

 
1999
 
1 - 40
Prescott
 
Duluth, GA
 
—

 
(2)
 
3,840

 
24,011

 
—

 
3,216

 
3,840

 
27,227

 
31,067

 
(11,318
)
 
19,749

 
2001
 
1 - 40
Colonial Grand at Berkeley Lake
 
Duluth, GA
 
—

 
 
 
1,960

 
15,707

 
—

 
1,381

 
1,960

 
17,088

 
19,048

 
(2,839
)
 
16,209

 
1998
 
1 - 40
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Life used to compute depreciation in latest income statement (4)
 
 
 
 
 
 
 
 
Initial Cost
 
Costs Capitalized subsequent to Acquisition
 
Gross Amount carried at December 31, 2016  (3)
 
 
 
 
 
 
 
 
 
Property
 
Location
 
Encumbrances
 
 
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Total
 
Accumulated Depreciation
 
Net
 
Date of Construction
 
Colonial Grand at River Oaks
 
Duluth, GA
 
15,114

 
 
 
4,360

 
13,579

 
—

 
1,375

 
4,360

 
14,954

 
19,314

 
(3,126
)
 
16,188

 
1992
 
1 - 40
Colonial Grand at River Plantation
 
Duluth, GA
 
—

 
 
 
2,059

 
19,158

 
—

 
1,525

 
2,059

 
20,683

 
22,742

 
(3,427
)
 
19,315

 
1994
 
1 - 40
Colonial Grand at McDaniel Farm
 
Duluth, GA
 
—

 
 
 
3,985

 
32,206

 
—

 
2,710

 
3,985

 
34,916

 
38,901

 
(5,734
)
 
33,167

 
1997
 
1 - 40
Colonial Grand at Pleasant Hill
 
Duluth, GA
 
—

 
 
 
6,753

 
32,202

 
—

 
2,677

 
6,753

 
34,879

 
41,632

 
(5,553
)
 
36,079

 
1996
 
1 - 40
Colonial Grand at Mount Vernon
 
Dunwoody, GA
 
15,430

 
 
 
6,861

 
23,748

 
—

 
2,122

 
6,861

 
25,870

 
32,731

 
(3,498
)
 
29,233

 
1997
 
1 - 40
Lake Lanier Club I
 
Gainesville, GA
 
—

 
 
 
3,560

 
22,611

 
—

 
4,445

 
3,560

 
27,056

 
30,616

 
(10,877
)
 
19,739

 
1998
 
1 - 40
Lake Lanier Club II
 
Gainesville, GA
 
—

 
(2)
 
3,150

 
18,383

 
—

 
2,151

 
3,150

 
20,534

 
23,684

 
(8,116
)
 
15,568

 
2001
 
1 - 40
Colonial Grand at Shiloh
 
Kennesaw, GA
 
29,518

 
 
 
4,864

 
45,893

 
—

 
2,454

 
4,864

 
48,347

 
53,211

 
(7,224
)
 
45,987

 
2002
 
1 - 40
Millstead Village
 
LaGrange, GA
 
—

 
 
 
3,100

 
29,240

 
—

 
458

 
3,100

 
29,698

 
32,798

 
(4,135
)
 
28,663

 
1998
 
1 - 40
Colonial Grand at Barrett Creek
 
Marietta, GA
 
22,146

 
 
 
5,661

 
26,186

 
—

 
1,863

 
5,661

 
28,049

 
33,710

 
(4,713
)
 
28,997

 
1999
 
1 - 40
Colonial Grand at Godley Station
 
Pooler, GA
 
11,213

 
 
 
1,800

 
35,454

 
—

 
1,784

 
1,800

 
37,238

 
39,038

 
(5,079
)
 
33,959

 
2001
 
1 - 40
Colonial Grand at Godley Lake
 
Pooler, GA
 
—

 
 
 
1,750

 
30,893

 
—

 
853

 
1,750

 
31,746

 
33,496

 
(4,563
)
 
28,933

 
2008
 
1 - 40
Avala at Savannah Quarters
 
Savannah, GA
 
—

 
 
 
1,500

 
24,862

 
—

 
1,750

 
1,500

 
26,612

 
28,112

 
(4,947
)
 
23,165

 
2009
 
1 - 40
Georgetown Grove
 
Savannah, GA
 
—

 
 
 
1,288

 
11,579

 
—

 
2,976

 
1,288

 
14,555

 
15,843

 
(8,724
)
 
7,119

 
1997
 
1 - 40
Colonial Grand at Hammocks
 
Savannah, GA
 
—

 
 
 
2,441

 
36,863

 
—

 
2,164

 
2,441

 
39,027

 
41,468

 
(5,343
)
 
36,125

 
1997
 
1 - 40
Colonial Village at Greentree
 
Savannah, GA
 
—

 
 
 
1,710

 
10,494

 
—

 
832

 
1,710

 
11,326

 
13,036

 
(2,038
)
 
10,998

 
1984
 
1 - 40
Colonial Village at Huntington
 
Savannah, GA
 
—

 
 
 
2,521

 
8,223

 
—

 
573

 
2,521

 
8,796

 
11,317

 
(1,382
)
 
9,935

 
1986
 
1 - 40
Colonial Village at Marsh Cove
 
Savannah, GA
 
—

 
 
 
5,231

 
8,555

 
—

 
672

 
5,231

 
9,227

 
14,458

 
(1,715
)
 
12,743

 
1983
 
1 - 40
Oaks at Wilmington Island
 
Savannah, GA
 
—

 
 
 
2,910

 
25,315

 
(46
)
 
3,429

 
2,864

 
28,744

 
31,608

 
(10,188
)
 
21,420

 
1999
 
1 - 40
Highlands of West Village I
 
Smyrna, GA
 
38,672

 
 
 
9,052

 
43,395

 
—

 
5,221

 
9,052

 
48,616

 
57,668

 
(3,765
)
 
53,903

 
2006
 
1 - 40
Highlands of West Village II
 
Smyrna, GA
 
—

 
 
 
5,358

 
30,338

 
—

 
78

 
5,358

 
30,416

 
35,774

 
(2,229
)
 
33,545

 
2012
 
1 - 40
Terraces at Townelake
 
Woodstock, GA
 
—

 
 
 
1,331

 
11,918

 
1,688

 
21,692

 
3,019

 
33,610

 
36,629

 
(18,017
)
 
18,612

 
1999
 
1 - 40
Haven at Praire Trace
 
Overland Park, KS
 
—

 
 
 
3,500

 
40,614

 
—

 
787

 
3,500

 
41,401

 
44,901

 
(1,527
)
 
43,374

 
2015
 
1 - 40
Grand Reserve at Pinnacle
 
Lexington, KY
 
—

 
(1)
 
2,024

 
31,525

 
—

 
4,378

 
2,024

 
35,903

 
37,927

 
(15,607
)
 
22,320

 
2000
 
1 - 40
Lakepointe
 
Lexington, KY
 
—

 
 
 
411

 
3,699

 
—

 
2,328

 
411

 
6,027

 
6,438

 
(4,183
)
 
2,255

 
1986
 
1 - 40
Mansion, The
 
Lexington, KY
 
—

 
(1)
 
694

 
6,242

 
—

 
3,225

 
694

 
9,467

 
10,161

 
(6,669
)
 
3,492

 
1989
 
1 - 40
Village, The
 
Lexington, KY
 
—

 
(1)
 
900

 
8,097

 
—

 
4,283

 
900

 
12,380

 
13,280

 
(8,662
)
 
4,618

 
1989
 
1 - 40
Stonemill Village
 
Louisville, KY
 
—

 
 
 
1,169

 
10,518

 
—

 
8,923

 
1,169

 
19,441

 
20,610

 
(12,906
)
 
7,704

 
1985
 
1 - 40
Crosswinds
 
Jackson, MS
 
—

 
 
 
1,535

 
13,826

 
—

 
4,544

 
1,535

 
18,370

 
19,905

 
(12,072
)
 
7,833

 
1989
 
1 - 40
Pear Orchard
 
Jackson, MS
 
—

 
 
 
1,351

 
12,168

 
—

 
8,061

 
1,351

 
20,229

 
21,580

 
(13,723
)
 
7,857

 
1985
 
1 - 40
Reflection Pointe
 
Jackson, MS
 
—

 
 
 
710

 
8,770

 
138

 
8,275

 
848

 
17,045

 
17,893

 
(11,088
)
 
6,805

 
1986
 
1 - 40
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Life used to compute depreciation in latest income statement (4)
 
 
 
 
 
 
 
 
Initial Cost
 
Costs Capitalized subsequent to Acquisition
 
Gross Amount carried at December 31, 2016  (3)
 
 
 
 
 
 
 
 
 
Property
 
Location
 
Encumbrances
 
 
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Total
 
Accumulated Depreciation
 
Net
 
Date of Construction
 
Lakeshore Landing
 
Ridgeland, MS
 
—

 
 
 
676

 
6,284

 
—

 
2,811

 
676

 
9,095

 
9,771

 
(4,145
)
 
5,626

 
1974
 
1 - 40
Market Station
 
Kansas City, MO
 
—

 
 
 
5,814

 
46,241

 
—

 
1,322

 
5,814

 
47,563

 
53,377

 
(6,925
)
 
46,452

 
2010
 
1 - 40
Residences at Burlington Creek
 
Kansas City, MO
 
—

 
 
 
4,000

 
42,144

 
—

 
514

 
4,000

 
42,658

 
46,658

 
(2,203
)
 
44,455

 
2013/14
 
1 - 40
The Denton
 
Kansas City, MO
 
—

 
 
 
750

 
8,795

 
—

 
48

 
750

 
8,843

 
9,593

 
(225
)
 
9,368

 
2014
 
1 - 40
Colonial Grand at Desert Vista
 
North Las Vegas, NV
 
—

 
 
 
4,091

 
29,826

 
—

 
949

 
4,091

 
30,775

 
34,866

 
(4,535
)
 
30,331

 
2009
 
1 - 40
Colonial Grand at Palm Vista
 
North Las Vegas, NV
 
—

 
 
 
4,909

 
25,643

 
—

 
1,537

 
4,909

 
27,180

 
32,089

 
(4,175
)
 
27,914

 
2007
 
1 - 40
Colonial Village at Beaver Creek
 
Apex, NC
 
—

 
 
 
7,491

 
34,863

 
—

 
1,275

 
7,491

 
36,138

 
43,629

 
(4,968
)
 
38,661

 
2007
 
1 - 40
Hermitage at Beechtree
 
Cary, NC
 
—

 
(1)
 
900

 
8,099

 
—

 
4,377

 
900

 
12,476

 
13,376

 
(7,483
)
 
5,893

 
1988
 
1 - 40
Waterford Forest
 
Cary, NC
 
—

 
(2)
 
4,000

 
20,250

 
—

 
3,221

 
4,000

 
23,471

 
27,471

 
(9,431
)
 
18,040

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

 
 
 
9,612

 
22,342

 
—

 
24,977

 
9,612

 
47,319

 
56,931

 
(6,178
)
 
50,753

 
2010
 
1 - 40
Colonial Grand at Ayrsley
 
Charlotte, NC
 
—

 
 
 
2,481

 
52,119

 
—

 
12,797

 
2,481

 
64,916

 
67,397

 
(8,282
)
 
59,115

 
2008
 
1 - 40
Colonial Grand at Beverly Crest
 
Charlotte, NC
 
16,462

 
 
 
3,161

 
24,004

 
—

 
2,129

 
3,161

 
26,133

 
29,294

 
(3,617
)
 
25,677

 
1996
 
1 - 40
Colonial Grand at Legacy Park
 
Charlotte, NC
 
—

 
 
 
2,891

 
28,272

 
—

 
1,646

 
2,891

 
29,918

 
32,809

 
(4,282
)
 
28,527

 
2001
 
1 - 40
Colonial Grand at Mallard Creek
 
Charlotte, NC
 
14,520

 
 
 
4,591

 
27,713

 
—

 
959

 
4,591

 
28,672

 
33,263

 
(4,170
)
 
29,093

 
2005
 
1 - 40
Colonial Grand at Mallard Lake
 
Charlotte, NC
 
19,942

 
 
 
3,250

 
31,389

 
—

 
2,327

 
3,250

 
33,716

 
36,966

 
(4,907
)
 
32,059

 
1998
 
1 - 40
Colonial Grand at University Center
 
Charlotte, NC
 
—

 
 
 
1,620

 
17,499

 
—

 
511

 
1,620

 
18,010

 
19,630

 
(2,437
)
 
17,193

 
2005
 
1 - 40
Colonial Reserve at South End
 
Charlotte, NC
 
—

 
 
 
4,628

 
44,282

 
—

 
11,006

 
4,628

 
55,288

 
59,916

 
(3,868
)
 
56,048

 
2013
 
1 - 40
Colonial Village at Chancellor Park
 
Charlotte, NC
 
—

 
 
 
5,311

 
28,016

 
—

 
2,632

 
5,311

 
30,648

 
35,959

 
(4,161
)
 
31,798

 
1999
 
1 - 40
Colonial Village at South Tryon
 
Charlotte, NC
 
—

 
 
 
2,260

 
19,489

 
—

 
1,121

 
2,260

 
20,610

 
22,870

 
(2,951
)
 
19,919

 
2002
 
1 - 40
Colonial Village at Timber Crest
 
Charlotte, NC
 
—

 
 
 
2,901

 
17,192

 
—

 
1,435

 
2,901

 
18,627

 
21,528

 
(2,454
)
 
19,074

 
2000
 
1 - 40
Enclave
 
Charlotte, NC
 
—

 
 
 
1,461

 
18,984

 
—

 
675

 
1,461

 
19,659

 
21,120

 
(2,366
)
 
18,754

 
2008
 
1 - 40
Post Ballantyne
 
Charlotte, NC
 
—

 
 
 
16,249

 
44,904

 
—

 
46

 
16,249

 
44,950

 
61,199

 
(138
)
 
61,061

 
2004
 
1 - 40
Post Gateway Place
 
Charlotte, NC
 
—

 
 
 
17,563

 
57,552

 
—

 
56

 
17,563

 
57,608

 
75,171

 
(199
)
 
74,972

 
2000
 
1 - 40
Post Park at Phillips Place
 
Charlotte, NC
 
—

 
 
 
20,911

 
65,642

 
—

 
116

 
20,911

 
65,758

 
86,669

 
(215
)
 
86,454

 
1996
 
1 - 40
Post South End
 
Charlotte, NC
 
—

 
 
 
18,873

 
58,912

 
—

 
48

 
18,873

 
58,960

 
77,833

 
(169
)
 
77,664

 
2009
 
1 - 40
Post Uptown Place
 
Charlotte, NC
 
—

 
 
 
10,910

 
30,136

 
—

 
28

 
10,910

 
30,164

 
41,074

 
(99
)
 
40,975

 
2000
 
1 - 40
Colonial Grand at Cornelius
 
Cornelius, NC
 
—

 
 
 
4,571

 
29,151

 
—

 
848

 
4,571

 
29,999

 
34,570

 
(4,455
)
 
30,115

 
2009
 
1 - 40
Colonial Grand at Patterson Place
 
Durham, NC
 
13,343

 
 
 
2,590

 
27,126

 
—

 
1,744

 
2,590

 
28,870

 
31,460

 
(4,023
)
 
27,437

 
1997
 
1 - 40
Colonial Village at Deerfield
 
Durham, NC
 
—

 
 
 
3,271

 
15,609

 
—

 
1,016

 
3,271

 
16,625

 
19,896

 
(2,827
)
 
17,069

 
1985
 
1 - 40
Colonial Grand at Research Park
 
Durham, NC
 
—

 
 
 
4,201

 
37,682

 
—

 
1,395

 
4,201

 
39,077

 
43,278

 
(5,671
)
 
37,607

 
2002
 
1 - 40
Colonial Grand at Huntersville
 
Huntersville, NC
 
20,376

 
 
 
4,251

 
31,948

 
—

 
1,300

 
4,251

 
33,248

 
37,499

 
(4,786
)
 
32,713

 
2008
 
1 - 40
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Life used to compute depreciation in latest income statement (4)
 
 
 
 
 
 
 
 
Initial Cost
 
Costs Capitalized subsequent to Acquisition
 
Gross Amount carried at December 31, 2016  (3)
 
 
 
 
 
 
 
 
 
Property
 
Location
 
Encumbrances
 
 
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Total
 
Accumulated Depreciation
 
Net
 
Date of Construction
 
Colonial Village at Matthews
 
Matthews, NC
 
—

 
 
 
3,071

 
21,830

 
—

 
3,339

 
3,071

 
25,169

 
28,240

 
(3,993
)
 
24,247

 
2008
 
1 - 40
Colonial Grand at Matthews Commons
 
Matthews, NC
 
—

 
 
 
3,690

 
28,536

 
—

 
1,481

 
3,690

 
30,017

 
33,707

 
(4,193
)
 
29,514

 
2008
 
1 - 40
Colonial Grand at Arringdon
 
Morrisville, NC
 
22,153

 
 
 
6,401

 
31,134

 
—

 
1,663

 
6,401

 
32,797

 
39,198

 
(4,680
)
 
34,518

 
2003
 
1 - 40
Colonial Grand at Brier Creek
 
Raleigh, NC
 
28,856

 
 
 
7,372

 
50,202

 
—

 
1,257

 
7,372

 
51,459

 
58,831

 
(7,029
)
 
51,802

 
2010
 
1 - 40
Colonial Grand at Brier Falls
 
Raleigh, NC
 
—

 
 
 
6,572

 
48,910

 
—

 
1,075

 
6,572

 
49,985

 
56,557

 
(6,730
)
 
49,827

 
2008
 
1 - 40
Colonial Grand at Crabtree Valley
 
Raleigh, NC
 
12,219

 
 
 
2,241

 
18,434

 
—

 
1,208

 
2,241

 
19,642

 
21,883

 
(2,581
)
 
19,302

 
1997
 
1 - 40
Hue
 
Raleigh, NC
 
—

 
 
 
3,690

 
29,910

 
—

 
2,161

 
3,690

 
32,071

 
35,761

 
(5,783
)
 
29,978

 
2009
 
1 - 40
Colonial Grand at Trinity Commons
 
Raleigh, NC
 
27,974

 
 
 
5,232

 
45,138

 
—

 
2,084

 
5,232

 
47,222

 
52,454

 
(6,973
)
 
45,481

 
2000/02
 
1 - 40
Post Parkside at Wade
 
Raleigh, NC
 
—

 
 
 
7,211

 
52,064

 
—

 
37

 
7,211

 
52,101

 
59,312

 
(204
)
 
59,108

 
2011
 
1 - 40
Preserve at Brier Creek
 
Raleigh, NC
 
—

 
 
 
5,850

 
21,980

 
(19
)
 
24,242

 
5,831

 
46,222

 
52,053

 
(14,514
)
 
37,539

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

 
 
 
4,695

 
29,007

 
—

 
1,561

 
4,695

 
30,568

 
35,263

 
(8,939
)
 
26,324

 
2007
 
1 - 40
Tanglewood
 
Anderson, SC
 
—

 
 
 
427

 
3,853

 
—

 
2,911

 
427

 
6,764

 
7,191

 
(4,810
)
 
2,381

 
1980
 
1 - 40
Colonial Grand at Cypress Cove
 
Charleston, SC
 
—

 
 
 
3,610

 
28,645

 
—

 
1,464

 
3,610

 
30,109

 
33,719

 
(4,347
)
 
29,372

 
2001
 
1 - 40
Colonial Village at Hampton Pointe
 
Charleston, SC
 
—

 
 
 
3,971

 
22,790

 
—

 
3,112

 
3,971

 
25,902

 
29,873

 
(3,680
)
 
26,193

 
1986
 
1 - 40
Colonial Grand at Quarterdeck
 
Charleston, SC
 
—

 
 
 
920

 
24,097

 
—

 
4,897

 
920

 
28,994

 
29,914

 
(3,783
)
 
26,131

 
1987
 
1 - 40
Colonial Village at Westchase
 
Charleston, SC
 
—

 
 
 
4,571

 
20,091

 
—

 
1,932

 
4,571

 
22,023

 
26,594

 
(3,634
)
 
22,960

 
1985
 
1 - 40
River's Walk
 
Charleston, SC
 
—

 
 
 
5,200

 
28,682

 
—

 
283

 
5,200

 
28,965

 
34,165

 
(2,314
)
 
31,851

 
2013
 
1 - 40
River's Walk II
 
Charleston, SC
 
—

 
 
 
3,631

 
10,748

 
—

 
8

 
3,631

 
10,756

 
14,387

 
(130
)
 
14,257

 
2016
 
1 - 40
1201 Midtown
 
Charleston, SC
 
—

 
 
 
11,929

 
57,885

 
—

 
50

 
11,929

 
57,935

 
69,864

 
(140
)
 
69,724

 
2015
 
1 - 40
Fairways, The
 
Columbia, SC
 
—

 
 
 
910

 
8,207

 
—

 
3,230

 
910

 
11,437

 
12,347

 
(7,850
)
 
4,497

 
1992
 
1 - 40
Paddock Club Columbia
 
Columbia, SC
 
—

 
 
 
1,840

 
16,560

 
—

 
4,123

 
1,840

 
20,683

 
22,523

 
(12,692
)
 
9,831

 
1991
 
1 - 40
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Life used to compute depreciation in latest income statement (4)
 
 
 
 
 
 
 
 
Initial Cost
 
Costs Capitalized subsequent to Acquisition
 
Gross Amount carried at December 31, 2016  (3)
 
 
 
 
 
 
 
 
 
Property
 
Location
 
Encumbrances
 
 
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Total
 
Accumulated Depreciation
 
Net
 
Date of Construction
 
Colonial Village at Windsor Place
 
Goose Creek, SC
 
—

 
 
 
1,321

 
14,163

 
—

 
1,919

 
1,321

 
16,082

 
17,403

 
(2,593
)
 
14,810

 
1985
 
1 - 40
Highland Ridge
 
Greenville, SC
 
—

 
 
 
482

 
4,337

 
—

 
2,406

 
482

 
6,743

 
7,225

 
(4,298
)
 
2,927

 
1984
 
1 - 40
Howell Commons
 
Greenville, SC
 
—

 
(1)
 
1,304

 
11,740

 
—

 
3,263

 
1,304

 
15,003

 
16,307

 
(9,725
)
 
6,582

 
1987
 
1 - 40
Paddock Club Greenville
 
Greenville, SC
 
—

 
(1)
 
1,200

 
10,800

 
—

 
1,783

 
1,200

 
12,583

 
13,783

 
(7,885
)
 
5,898

 
1996
 
1 - 40
Park Haywood
 
Greenville, SC
 
—

 
(1)
 
325

 
2,925

 
35

 
4,230

 
360

 
7,155

 
7,515

 
(5,087
)
 
2,428

 
1983
 
1 - 40
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Life used to compute depreciation in latest income statement (4)
 
 
 
 
 
 
 
 
Initial Cost
 
Costs Capitalized subsequent to Acquisition
 
Gross Amount carried at December 31, 2016  (3)
 
 
 
 
 
 
 
 
 
Property
 
Location
 
Encumbrances
 
 
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Total
 
Accumulated Depreciation
 
Net
 
Date of Construction
 
Spring Creek
 
Greenville, SC
 
—

 
 
 
597

 
5,374

 
(14
)
 
2,879

 
583

 
8,253

 
8,836

 
(5,483
)
 
3,353

 
1985
 
1 - 40
Innovation Apartment Homes
 
Greenville, SC
 
—

 
 
 
4,437

 
52,026

 
—

 
171

 
4,437

 
52,197

 
56,634

 
(444
)
 
56,190

 
2015
 
1 - 40
Runaway Bay
 
Mt. Pleasant, SC
 
—

 
 
 
1,085

 
7,269

 
12

 
5,913

 
1,097

 
13,182

 
14,279

 
(8,096
)
 
6,183

 
1988
 
1 - 40
Colonial Grand at Commerce Park
 
North Charleston, SC
 
—

 
 
 
2,780

 
33,966

 
—

 
1,238

 
2,780

 
35,204

 
37,984

 
(4,877
)
 
33,107

 
2008
 
1 - 40
535 Brookwood
 
Simpsonville, SC
 
12,610

 
 
 
1,216

 
18,666

 
—

 
1,057

 
1,216

 
19,723

 
20,939

 
(4,490
)
 
16,449

 
2008
 
1 - 40
Park Place
 
Spartanburg, SC
 
—

 
 
 
723

 
6,504

 
—

 
2,973

 
723

 
9,477

 
10,200

 
(5,972
)
 
4,228

 
1987
 
1 - 40
Farmington Village
 
Summerville, SC
 
—

 
 
 
2,800

 
26,295

 
—

 
1,543

 
2,800

 
27,838

 
30,638

 
(8,718
)
 
21,920

 
2007
 
1 - 40
Colonial Village at Waters Edge
 
Summerville, SC
 
—

 
 
 
2,103

 
9,187

 
—

 
2,949

 
2,103

 
12,136

 
14,239

 
(2,148
)
 
12,091

 
1985
 
1 - 40
Hamilton Pointe
 
Chattanooga, TN
 
—

 
 
 
1,131

 
10,632

 
—

 
4,215

 
1,131

 
14,847

 
15,978

 
(6,593
)
 
9,385

 
1989
 
1 - 40
Hidden Creek
 
Chattanooga, TN
 
—

 
(1)
 
972

 
8,954

 
—

 
4,622

 
972

 
13,576

 
14,548

 
(5,183
)
 
9,365

 
1987
 
1 - 40
Steeplechase
 
Chattanooga, TN
 
—

 
 
 
217

 
1,957

 
—

 
3,055

 
217

 
5,012

 
5,229

 
(3,343
)
 
1,886

 
1986
 
1 - 40
Windridge
 
Chattanooga, TN
 
—

 
 
 
817

 
7,416

 
—

 
3,854

 
817

 
11,270

 
12,087

 
(7,018
)
 
5,069

 
1984
 
1 - 40
Kirby Station
 
Memphis, TN
 
—

 
 
 
1,148

 
10,337

 
—

 
9,713

 
1,148

 
20,050

 
21,198

 
(12,593
)
 
8,605

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

 
(1)
 
1,498

 
20,483

 
—

 
14,800

 
1,498

 
35,283

 
36,781

 
(23,470
)
 
13,311

 
1992
 
1 - 40
Park Estate
 
Memphis, TN
 
—

 
 
 
178

 
1,141

 
—

 
4,690

 
178

 
5,831

 
6,009

 
(4,515
)
 
1,494

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

 
 
 
1,260

 
16,043

 
2,147

 
38,978

 
3,407

 
55,021

 
58,428

 
(23,640
)
 
34,788

 
2000
 
1 - 40
Paddock Club Murfreesboro
 
Murfreesboro, TN
 
—

 
 
 
915

 
14,774

 
—

 
2,950

 
915

 
17,724

 
18,639

 
(8,414
)
 
10,225

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

 
 
 
4,950

 
28,053

 
—

 
1,217

 
4,950

 
29,270

 
34,220

 
(5,466
)
 
28,754

 
2010
 
1 - 40
Avondale at Kennesaw
 
Nashville, TN
 
17,378

 
 
 
3,456

 
22,443

 
—

 
1,705

 
3,456

 
24,148

 
27,604

 
(5,550
)
 
22,054

 
2008
 
1 - 40
Brentwood Downs
 
Nashville, TN
 
—

 
 
 
1,193

 
10,739

 
(2
)
 
6,091

 
1,191

 
16,830

 
18,021

 
(10,992
)
 
7,029

 
1986
 
1 - 40
Colonial Grand at Bellevue
 
Nashville, TN
 
20,893

 
 
 
8,622

 
34,229

 
—

 
1,763

 
8,622

 
35,992

 
44,614

 
(5,451
)
 
39,163

 
1996
 
1 - 40
Colonial Grand at Bellevue (Phase II)
 
Nashville, TN
 
—

 
 
 
8,656

 
29,967

 
—

 
64

 
8,656

 
30,031

 
38,687

 
(1,294
)
 
37,393

 
2015
 
1 - 40
Grand View Nashville
 
Nashville, TN
 
—

 
 
 
2,963

 
33,673

 
—

 
6,414

 
2,963

 
40,087

 
43,050

 
(17,055
)
 
25,995

 
2001
 
1 - 40
Monthaven Park
 
Nashville, TN
 
—

 
 
 
2,736

 
28,902

 
—

 
4,821

 
2,736

 
33,723

 
36,459

 
(14,774
)
 
21,685

 
2000
 
1 - 40
Park at Hermitage
 
Nashville, TN
 
—

 
 
 
1,524

 
14,800

 
—

 
8,308

 
1,524

 
23,108

 
24,632

 
(15,306
)
 
9,326

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

 
 
 
6,670

 
—

 
—

 
50,973

 
6,670

 
50,973

 
57,643

 
(5,770
)
 
51,873

 
2012
 
1 - 40
Verandas at Sam Ridley
 
Nashville, TN
 
21,388

 
 
 
3,350

 
28,308

 
—

 
1,541

 
3,350

 
29,849

 
33,199

 
(6,687
)
 
26,512

 
2009
 
1 - 40
Northwood
 
Arlington, TX
 
—

 
 
 
886

 
8,051

 
—

 
2,826

 
886

 
10,877

 
11,763

 
(4,828
)
 
6,935

 
1980
 
1 - 40
Balcones Woods
 
Austin, TX
 
—

 
 
 
1,598

 
14,398

 
—

 
8,516

 
1,598

 
22,914

 
24,512

 
(14,395
)
 
10,117

 
1983
 
1 - 40
Colonial Grand at Canyon Creek
 
Austin, TX
 
13,951

 
 
 
3,621

 
32,137

 
—

 
1,305

 
3,621

 
33,442

 
37,063

 
(4,854
)
 
32,209

 
2008
 
1 - 40
Colonial Grand at Canyon Ranch
 
Austin, TX
 
—

 
 
 
3,778

 
20,201

 
—

 
1,489

 
3,778

 
21,690

 
25,468

 
(3,477
)
 
21,991

 
2003
 
1 - 40
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Life used to compute depreciation in latest income statement (4)
 
 
 
 
 
 
 
 
Initial Cost
 
Costs Capitalized subsequent to Acquisition
 
Gross Amount carried at December 31, 2016  (3)
 
 
 
 
 
 
 
 
 
Property
 
Location
 
Encumbrances
 
 
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Total
 
Accumulated Depreciation
 
Net
 
Date of Construction
 
Colonial Grand at Double Creek
 
Austin, TX
 
—

 
 
 
3,131

 
29,375

 
—

 
443

 
3,131

 
29,818

 
32,949

 
(4,408
)
 
28,541

 
2013
 
1 - 40
Colonial Grand at Onion Creek
 
Austin, TX
 
—

 
 
 
4,902

 
33,010

 
—

 
1,080

 
4,902

 
34,090

 
38,992

 
(5,034
)
 
33,958

 
2009
 
1 - 40
Grand Reserve at Sunset Valley
 
Austin, TX
 
—

 
 
 
3,150

 
11,393

 
—

 
3,126

 
3,150

 
14,519

 
17,669

 
(6,067
)
 
11,602

 
1996
 
1 - 40
Colonial Village at Quarry Oaks
 
Austin, TX
 
30,417

 
 
 
4,621

 
34,461

 
—

 
4,799

 
4,621

 
39,260

 
43,881

 
(6,005
)
 
37,876

 
1996
 
1 - 40
Colonial Grand at Wells Branch
 
Austin, TX
 
—

 
 
 
3,094

 
32,283

 
294

 
1,084

 
3,388

 
33,367

 
36,755

 
(4,581
)
 
32,174

 
2008
 
1 - 40
Legacy at Western Oaks
 
Austin, TX
 
—

 
 
 
9,100

 
49,339

 
—

 
(1,358
)
 
9,100

 
47,981

 
57,081

 
(7,921
)
 
49,160

 
2001
 
1 - 40
Post Barton Creek
 
Austin, TX
 
—

 
 
 
8,700

 
21,538

 
—

 
28

 
8,700

 
21,566

 
30,266

 
(80
)
 
30,186

 
1998
 
1 - 40
Post Park Mesa
 
Austin, TX
 
—

 
 
 
4,662

 
19,867

 
—

 
15

 
4,662

 
19,882

 
24,544

 
(64
)
 
24,480

 
1992
 
1 - 40
Post South Lamar
 
Austin, TX
 
—

 
 
 
11,565

 
41,361

 
—

 
33

 
11,565

 
41,394

 
52,959

 
(176
)
 
52,783

 
2011
 
1 - 40
Post West Austin
 
Austin, TX
 
—

 
 
 
7,821

 
48,925

 
—

 
37

 
7,821

 
48,962

 
56,783

 
(203
)
 
56,580

 
2009
 
1 - 40
Silverado
 
Austin, TX
 
—

 
 
 
2,900

 
24,009

 
—

 
3,060

 
2,900

 
27,069

 
29,969

 
(9,956
)
 
20,013

 
2003
 
1 - 40
Stassney Woods
 
Austin, TX
 
—

 
 
 
1,621

 
7,501

 
—

 
7,850

 
1,621

 
15,351

 
16,972

 
(8,978
)
 
7,994

 
1985
 
1 - 40
Travis Station
 
Austin, TX
 
—

 
 
 
2,281

 
6,169

 
—

 
7,100

 
2,281

 
13,269

 
15,550

 
(8,010
)
 
7,540

 
1987
 
1 - 40
Woods, The
 
Austin, TX
 
—

 
 
 
1,405

 
12,769

 
—

 
7,173

 
1,405

 
19,942

 
21,347

 
(8,465
)
 
12,882

 
1977
 
1 - 40
Colonial Village at Shoal Creek
 
Bedford, TX
 
18,662

 
 
 
4,982

 
27,377

 
—

 
2,402

 
4,982

 
29,779

 
34,761

 
(4,597
)
 
30,164

 
1996
 
1 - 40
Colonial Village at Willow Creek
 
Bedford, TX
 
22,425

 
 
 
3,109

 
33,488

 
—

 
4,927

 
3,109

 
38,415

 
41,524

 
(5,661
)
 
35,863

 
1996
 
1 - 40
Colonial Grand at Hebron
 
Carrollton, TX
 
—

 
 
 
4,231

 
42,237

 
—

 
742

 
4,231

 
42,979

 
47,210

 
(5,655
)
 
41,555

 
2011
 
1 - 40
Colonial Grand at Silverado
 
Cedar Park, TX
 
—

 
 
 
3,282

 
24,935

 
—

 
930

 
3,282

 
25,865

 
29,147

 
(3,709
)
 
25,438

 
2005
 
1 - 40
Colonial Grand at Silverado Reserve
 
Cedar Park, TX
 
—

 
 
 
3,951

 
31,705

 
—

 
1,263

 
3,951

 
32,968

 
36,919

 
(4,624
)
 
32,295

 
2005
 
1 - 40
Grand Cypress
 
Cypress, TX
 
15,824

 
 
 
3,881

 
24,267

 
—

 
927

 
3,881

 
25,194

 
29,075

 
(2,642
)
 
26,433

 
2008
 
1 - 40
Courtyards at Campbell
 
Dallas, TX
 
—

 
 
 
988

 
8,893

 
—

 
3,476

 
988

 
12,369

 
13,357

 
(7,562
)
 
5,795

 
1986
 
1 - 40
Deer Run
 
Dallas, TX
 
—

 
 
 
1,252

 
11,271

 
—

 
4,383

 
1,252

 
15,654

 
16,906

 
(9,517
)
 
7,389

 
1985
 
1 - 40
Grand Courtyard
 
Dallas, TX
 
—

 
 
 
2,730

 
22,240

 
—

 
2,628

 
2,730

 
24,868

 
27,598

 
(9,366
)
 
18,232

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

 
 
 
5,016

 
41,091

 
—

 
1,881

 
5,016

 
42,972

 
47,988

 
(8,011
)
 
39,977

 
2008
 
1 - 40
Colonial Reserve at Medical District
 
Dallas, TX
 
—

 
 
 
4,050

 
33,779

 
—

 
1,331

 
4,050

 
35,110

 
39,160

 
(4,402
)
 
34,758

 
2007
 
1 - 40
Post Abbey
 
Dallas, TX
 
—

 
 
 
2,716

 
4,377

 
—

 
5

 
2,716

 
4,382

 
7,098

 
(15
)
 
7,083

 
1996
 
1 - 40
Post Addison Circle
 
Dallas, TX
 
—

 
 
 
12,333

 
189,783

 
—

 
157

 
12,333

 
189,940

 
202,273

 
(617
)
 
201,656

 
1998-2000
 
1 - 40
Post Cole's Corner
 
Dallas, TX
 
—

 
 
 
13,056

 
14,409

 
—

 
21

 
13,056

 
14,430

 
27,486

 
(55
)
 
27,431

 
1998
 
1 - 40
Post Eastside
 
Dallas, TX
 
—

 
 
 
7,148

 
58,200

 
—

 
46

 
7,148

 
58,246

 
65,394

 
(179
)
 
65,215

 
2008
 
1 - 40
Post Gallery
 
Dallas, TX
 
—

 
 
 
4,399

 
7,924

 
—

 
9

 
4,399

 
7,933

 
12,332

 
(34
)
 
12,298

 
1999
 
1 - 40
Post Heights
 
Dallas, TX
 
—

 
 
 
26,297

 
37,993

 
—

 
42

 
26,297

 
38,035

 
64,332

 
(137
)
 
64,195

 
1998-1999/2009
 
1 - 40
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Life used to compute depreciation in latest income statement (4)
 
 
 
 
 
 
 
 
Initial Cost
 
Costs Capitalized subsequent to Acquisition
 
Gross Amount carried at December 31, 2016  (3)
 
 
 
 
 
 
 
 
 
Property
 
Location
 
Encumbrances
 
 
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Total
 
Accumulated Depreciation
 
Net
 
Date of Construction
 
Post Katy Trail
 
Dallas, TX
 
—

 
 
 
10,353

 
32,521

 
—

 
33

 
10,353

 
32,554

 
42,907

 
(94
)
 
42,813

 
2010
 
1 - 40
Post Legacy
 
Dallas, TX
 
—

 
 
 
6,588

 
55,385

 
—

 
38

 
6,588

 
55,423

 
62,011

 
(179
)
 
61,832

 
2000
 
1 - 40
Post Meridian
 
Dallas, TX
 
—

 
 
 
8,798

 
13,680

 
—

 
20

 
8,798

 
13,700

 
22,498

 
(51
)
 
22,447

 
1991
 
1 - 40
Post Sierra at Frisco Bridges
 
Dallas, TX
 
—

 
 
 
6,790

 
32,607

 
—

 
26

 
6,790

 
32,633

 
39,423

 
(138
)
 
39,285

 
2009
 
1 - 40
Post Square
 
Dallas, TX
 
—

 
 
 
13,204

 
24,095

 
—

 
27

 
13,204

 
24,122

 
37,326

 
(74
)
 
37,252

 
1996
 
1 - 40
Post Uptown Village
 
Dallas, TX
 
—

 
 
 
35,044

 
33,276

 
—

 
48

 
35,044

 
33,324

 
68,368

 
(115
)
 
68,253

 
1995-2000
 
1 - 40
Post Vineyard
 
Dallas, TX
 
—

 
 
 
7,982

 
7,486

 
—

 
14

 
7,982

 
7,500

 
15,482

 
(24
)
 
15,458

 
1996
 
1 - 40
Post Vintage
 
Dallas, TX
 
—

 
 
 
13,648

 
8,624

 
—

 
14

 
13,648

 
8,638

 
22,286

 
(31
)
 
22,255

 
1993
 
1 - 40
Post Worthington
 
Dallas, TX
 
—

 
 
 
13,740

 
43,352

 
—

 
48

 
13,740

 
43,400

 
57,140

 
(139
)
 
57,001

 
1993/2008
 
1 - 40
Watermark
 
Dallas, TX
 
—

 
(2)
 
960

 
14,438

 
—

 
2,253

 
960

 
16,691

 
17,651

 
(7,161
)
 
10,490

 
2002
 
1 - 40
Colonial Grand at Bear Creek
 
Euless, TX
 
22,568

 
 
 
6,453

 
30,048

 
—

 
2,155

 
6,453

 
32,203

 
38,656

 
(5,161
)
 
33,495

 
1998
 
1 - 40
Colonial Grand at Fairview
 
Fairview, TX
 
—

 
 
 
2,171

 
35,077

 
—

 
581

 
2,171

 
35,658

 
37,829

 
(4,648
)
 
33,181

 
2012
 
1 - 40
La Valencia at Starwood
 
Frisco, TX
 
20,510

 
 
 
3,240

 
26,069

 
—

 
1,214

 
3,240

 
27,283

 
30,523

 
(6,049
)
 
24,474

 
2009
 
1 - 40
Colonial Reserve at Frisco Bridges
 
Frisco, TX
 
—

 
 
 
1,968

 
34,018

 
—

 
1,005

 
1,968

 
35,023

 
36,991

 
(4,489
)
 
32,502

 
2013
 
1 - 40
Colonial Village at Grapevine
 
Grapevine, TX
 
—

 
 
 
2,351

 
29,757

 
—

 
3,989

 
2,351

 
33,746

 
36,097

 
(4,811
)
 
31,286

 
1985/1986
 
1 - 40
Greenwood Forest
 
Houston, TX
 
—

 
 
 
3,465

 
23,482

 
—

 
72

 
3,465

 
23,554

 
27,019

 
(3,071
)
 
23,948

 
1994
 
1 - 40
Legacy Pines
 
Houston, TX
 
—

 
(2)
 
2,157

 
19,066

 
(15
)
 
3,109

 
2,142

 
22,175

 
24,317

 
(10,323
)
 
13,994

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

 
 
 
2,061

 
15,830

 
—

 
2,924

 
2,061

 
18,754

 
20,815

 
(6,667
)
 
14,148

 
1996
 
1 - 40
Post Midtown Square
 
Houston, TX
 
—

 
 
 
19,076

 
89,736

 
—

 
92

 
19,076

 
89,828

 
108,904

 
(319
)
 
108,585

 
1999/2013
 
1 - 40
Post 510
 
Houston, TX
 
—

 
 
 
7,241

 
33,421

 
—

 
24

 
7,241

 
33,445

 
40,686

 
(157
)
 
40,529

 
2014
 
1 - 40
Ranchstone
 
Houston, TX
 
—

 
 
 
1,480

 
14,807

 
—

 
2,206

 
1,480

 
17,013

 
18,493

 
(5,864
)
 
12,629

 
1996
 
1 - 40
Reserve at Woodwind Lakes
 
Houston, TX
 
—

 
 
 
1,968

 
19,928

 
—

 
3,029

 
1,968

 
22,957

 
24,925

 
(8,399
)
 
16,526

 
1999
 
1 - 40
Retreat at Vintage Park
 
Houston, TX
 
—

 
 
 
8,211

 
40,352

 
—

 
507

 
8,211

 
40,859

 
49,070

 
(2,197
)
 
46,873

 
2014
 
1 - 40
Yale at 6th
 
Houston, TX
 
—

 
 
 
13,107

 
62,764

 
—

 
169

 
13,107

 
62,933

 
76,040

 
(599
)
 
75,441

 
2015
 
1 - 40
Cascade at Fall Creek
 
Humble, TX
 
—

 
 
 
5,985

 
40,011

 
—

 
1,933

 
5,985

 
41,944

 
47,929

 
(13,492
)
 
34,437

 
2007
 
1 - 40
Bella Casita
 
Irving, TX
 
—

 
(2)
 
2,521

 
26,432

 
—

 
1,726

 
2,521

 
28,158

 
30,679

 
(5,978
)
 
24,701

 
2007
 
1 - 40
Remington Hills
 
Irving, TX
 
—

 
 
 
4,390

 
21,822

 
—

 
7,408

 
4,390

 
29,230

 
33,620

 
(4,049
)
 
29,571

 
1984
 
1 - 40
Colonial Reserve at Las Colinas
 
Irving, TX
 
—

 
 
 
3,902

 
40,691

 
—

 
1,225

 
3,902

 
41,916

 
45,818

 
(5,332
)
 
40,486

 
2006
 
1 - 40
Colonial Grand at Valley Ranch
 
Irving, TX
 
23,690

 
 
 
5,072

 
37,397

 
—

 
7,594

 
5,072

 
44,991

 
50,063

 
(6,544
)
 
43,519

 
1997
 
1 - 40
Colonial Village at Oakbend
 
Lewisville, TX
 
—

 
 
 
5,598

 
28,616

 
—

 
2,845

 
5,598

 
31,461

 
37,059

 
(4,673
)
 
32,386

 
1997
 
1 - 40
Times Square at Craig Ranch
 
McKinney, TX
 
—

 
 
 
1,130

 
28,058

 
—

 
3,382

 
1,130

 
31,440

 
32,570

 
(7,329
)
 
25,241

 
2009
 
1 - 40
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Life used to compute depreciation in latest income statement (4)
 
 
 
 
 
 
 
 
Initial Cost
 
Costs Capitalized subsequent to Acquisition
 
Gross Amount carried at December 31, 2016  (3)
 
 
 
 
 
 
 
 
 
Property
 
Location
 
Encumbrances
 
 
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Total
 
Accumulated Depreciation
 
Net
 
Date of Construction
 
Venue at Stonebridge Ranch
 
McKinney, TX
 
14,152

 
 
 
4,034

 
19,528

 
—

 
503

 
4,034

 
20,031

 
24,065

 
(2,113
)
 
21,952

 
2000
 
1 - 40
Cityscape at Market Center
 
Plano, TX
 
—

 
 
 
8,626

 
60,407

 
—

 
646

 
8,626

 
61,053

 
69,679

 
(4,101
)
 
65,578

 
2013
 
1 - 40
Cityscape at Market Center II
 
Plano, TX
 
—

 
 
 
8,268

 
50,298

 
—

 
507

 
8,268

 
50,805

 
59,073

 
(1,412
)
 
57,661

 
2015
 
1 - 40
Highwood
 
Plano, TX
 
—

 
 
 
864

 
7,783

 
—

 
3,035

 
864

 
10,818

 
11,682

 
(6,667
)
 
5,015

 
1983
 
1 - 40
Los Rios Park
 
Plano, TX
 
—

 
 
 
3,273

 
28,823

 
—

 
5,082

 
3,273

 
33,905

 
37,178

 
(15,229
)
 
21,949

 
2000
 
1 - 40
Boulder Ridge
 
Roanoke, TX
 
—

 
 
 
3,382

 
26,930

 
—

 
5,547

 
3,382

 
32,477

 
35,859

 
(12,766
)
 
23,093

 
1999
 
1 - 40
Copper Ridge
 
Roanoke, TX
 
—

 
 
 
4,166

 
—

 
—

 
21,471

 
4,166

 
21,471

 
25,637

 
(4,581
)
 
21,056

 
2009
 
1 - 40
Colonial Grand at Ashton Oaks
 
Round Rock, TX
 
—

 
 
 
5,511

 
36,241

 
—

 
1,339

 
5,511

 
37,580

 
43,091

 
(5,364
)
 
37,727

 
2009
 
1 - 40
Colonial Grand at Round Rock
 
Round Rock, TX
 
23,752

 
 
 
4,691

 
45,379

 
—

 
1,661

 
4,691

 
47,040

 
51,731

 
(6,525
)
 
45,206

 
1997
 
1 - 40
Colonial Village at Sierra Vista
 
Round Rock, TX
 
11,594

 
 
 
2,561

 
16,488

 
—

 
2,652

 
2,561

 
19,140

 
21,701

 
(2,857
)
 
18,844

 
1999
 
1 - 40
Alamo Ranch
 
San Antonio, TX
 
—

 
 
 
2,380

 
26,982

 
—

 
2,213

 
2,380

 
29,195

 
31,575

 
(6,200
)
 
25,375

 
2009
 
1 - 40
Bulverde Oaks
 
San Antonio, TX
 
—

 
 
 
4,257

 
36,759

 
—

 
788

 
4,257

 
37,547

 
41,804

 
(2,134
)
 
39,670

 
2014
 
1 - 40
Haven at Blanco
 
San Antonio, TX
 
—

 
 
 
5,450

 
45,958

 
—

 
2,227

 
5,450

 
48,185

 
53,635

 
(7,409
)
 
46,226

 
2010
 
1 - 40
Stone Ranch at Westover Hills
 
San Antonio, TX
 
18,197

 
 
 
4,000

 
24,992

 
—

 
2,219

 
4,000

 
27,211

 
31,211

 
(6,727
)
 
24,484

 
2009
 
1 - 40
Cypresswood Court
 
Spring, TX
 
—

 
(2)
 
576

 
5,190

 
—

 
3,103

 
576

 
8,293

 
8,869

 
(5,725
)
 
3,144

 
1984
 
1 - 40
Villages at Kirkwood
 
Stafford, TX
 
—

 
 
 
1,918

 
15,846

 
—

 
2,500

 
1,918

 
18,346

 
20,264

 
(7,725
)
 
12,539

 
1996
 
1 - 40
Green Tree Place
 
Woodlands, TX
 
—

 
(2)
 
539

 
4,850

 
—

 
3,185

 
539

 
8,035

 
8,574

 
(5,406
)
 
3,168

 
1984
 
1 - 40
Stonefield Commons
 
Charlottesville, VA
 
—

 
 
 
11,044

 
36,689

 
—

 
426

 
11,044

 
37,115

 
48,159

 
(2,484
)
 
45,675

 
2013
 
1 - 40
Adalay Bay
 
Chesapeake, VA
 
—

 
 
 
5,280

 
31,341

 
—

 
2,193

 
5,280

 
33,534

 
38,814

 
(5,695
)
 
33,119

 
2002
 
1 - 40
Colonial Village at Greenbrier
 
Fredericksburg, VA
 
—

 
 
 
4,842

 
21,677

 
—

 
1,048

 
4,842

 
22,725

 
27,567

 
(3,036
)
 
24,531

 
1980
 
1 - 40
Seasons at Celebrate Virginia I
 
Fredericksburg, VA
 
—

 
 
 
14,490

 
32,083

 
—

 
38,736

 
14,490

 
70,819

 
85,309

 
(8,852
)
 
76,457

 
2011
 
1 - 40
Station Square at Cosner's Corner
 
Fredericksburg, VA
 
—

 
 
 
8,580

 
35,700

 
—

 
520

 
8,580

 
36,220

 
44,800

 
(3,379
)
 
41,421

 
2013
 
1 - 40
Station Square at Cosner's Corner II
 
Fredericksburg, VA
 
—

 
 
 
4,245

 
15,378

 
—

 
187

 
4,245

 
15,565

 
19,810

 
(322
)
 
19,488

 
2016
 
1 - 40
Apartments at Cobblestone Square
 
Fredericksburg, VA
 
—

 
 
 
10,990

 
48,696

 
—

 
1,808

 
10,990

 
50,504

 
61,494

 
(1,540
)
 
59,954

 
2012
 
1 - 40
Colonial Village at Hampton Glen
 
Glen Allen, VA
 
—

 
 
 
4,851

 
21,678

 
—

 
1,507

 
4,851

 
23,185

 
28,036

 
(3,308
)
 
24,728

 
1986
 
1 - 40
Colonial Village at West End
 
Glen Allen, VA
 
11,425

 
 
 
4,661

 
18,908

 
—

 
1,888

 
4,661

 
20,796

 
25,457

 
(2,845
)
 
22,612

 
1987
 
1 - 40
Township
 
Hampton, VA
 
—

 
 
 
1,509

 
8,189

 
—

 
7,653

 
1,509

 
15,842

 
17,351

 
(9,291
)
 
8,060

 
1987
 
1 - 40
Colonial Village at Waterford
 
Midlothian, VA
 
—

 
 
 
6,733

 
29,221

 
—

 
2,424

 
6,733

 
31,645

 
38,378

 
(4,709
)
 
33,669

 
1989
 
1 - 40
Ashley Park
 
Richmond, VA
 
—

 
 
 
4,761

 
13,365

 
—

 
1,314

 
4,761

 
14,679

 
19,440

 
(2,432
)
 
17,008

 
1988
 
1 - 40
Colonial Village at Chase Gayton
 
Richmond, VA
 
—

 
 
 
6,021

 
29,004

 
—

 
1,491

 
6,021

 
30,495

 
36,516

 
(4,533
)
 
31,983

 
1984
 
1 - 40
Hamptons at Hunton Park
 
Richmond, VA
 
—

 
 
 
4,930

 
35,598

 
—

 
2,963

 
4,930

 
38,561

 
43,491

 
(7,722
)
 
35,769

 
2003
 
1 - 40
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Life used to compute depreciation in latest income statement (4)
 
 
 
 
 
 
 
 
Initial Cost
 
Costs Capitalized subsequent to Acquisition
 
Gross Amount carried at December 31, 2016  (3)
 
 
 
 
 
 
 
 
 
Property
 
Location
 
Encumbrances
 
 
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Total
 
Accumulated Depreciation
 
Net
 
Date of Construction
 
Retreat at West Creek
 
Richmond, VA
 
—

 
 
 
7,112

 
36,136

 
—

 
663

 
7,112

 
36,799

 
43,911

 
(1,509
)
 
42,402

 
2015
 
1 - 40
Radius
 
Newport News, VA
 
—

 
 
 
5,040

 
36,481

 
—

 
851

 
5,040

 
37,332

 
42,372

 
(1,378
)
 
40,994

 
2012
 
1 - 40
Post Carlyle Square
 
Washington D.C.
 
—

 
 
 
29,788

 
154,607

 
—

 
114

 
29,788

 
154,721

 
184,509

 
(480
)
 
184,029

 
2006/2013
 
1 - 40
Post Corners at Trinity Centre
 
Washington D.C.
 
37,611

 
 
 
7,679

 
70,149

 
—

 
54

 
7,679

 
70,203

 
77,882

 
(216
)
 
77,666

 
1996
 
1 - 40
Post Fallsgrove
 
Washington D.C.
 
—

 
 
 
17,559

 
59,010

 
—

 
57

 
17,559

 
59,067

 
76,626

 
(192
)
 
76,434

 
2003
 
1 - 40
Post Park
 
Washington D.C.
 
—

 
 
 
5,365

 
79,970

 
—

 
66

 
5,365

 
80,036

 
85,401

 
(356
)
 
85,045

 
2010
 
1 - 40
Post Pentagon Row
 
Washington D.C.
 
—

 
 
 
30,513

 
125,332

 
—

 
95

 
30,513

 
125,427

 
155,940

 
(409
)
 
155,531

 
2001
 
1 - 40
Post Tysons Corner
 
Washington D.C.
 
—

 
 
 
30,838

 
82,180

 
—

 
73

 
30,838

 
82,253

 
113,091

 
(260
)
 
112,831

 
1990
 
1 - 40
Total Residential Properties
 
 
 
1,000,773

 
 
 
1,705,646

 
9,579,476

 
6,248

 
997,866

 
1,711,894

 
10,577,342

 
12,289,236

 
(1,653,436
)
 
10,635,800

 
 
 
 
Allure at Buckhead
 
Atlanta, GA
 
—

 
 
 
867

 
3,465

 
—

 
22

 
867

 
3,487

 
4,354

 
(542
)
 
3,812

 
2012
 
1 - 40
Highlands of West Village
 
Smyrna, GA
 
431

 
 
 
2,500

 
8,446

 
—

 
948

 
2,500

 
9,394

 
11,894

 
(702
)
 
11,192

 
2012
 
1 - 40
The Denton
 
Kansas City, MO
 
—

 
 
 
700

 
4,439

 
—

 
—

 
700

 
4,439

 
5,139

 
(133
)
 
5,006

 
2014
 
1 - 40
1225 South Church
 
Charlotte, NC
 
—

 
 
 
43

 
199

 
9

 
242

 
52

 
441

 
493

 
(86
)
 
407

 
2010
 
1 - 40
Bella Casita at Las Colinas
 
Irving, TX
 
—

 
(2)
 
46

 
186

 
—

 
126

 
46

 
312

 
358

 
(66
)
 
292

 
2007
 
1 - 40
Times Square at Craig Ranch
 
McKinney, TX
 
—

 
 
 
253

 
1,310

 
—

 
1,387

 
253

 
2,697

 
2,950

 
(372
)
 
2,578

 
2009
 
1 - 40
Post Rocky Point
 
Tampa, FL
 
—

 
 
 
34

 
51

 
—

 
—

 
34

 
51

 
85

 
—

 
85

 
1994-1996
 
1 - 40
Post Training Facility
 
Atlanta, GA
 
—

 
 
 
1,094

 
969

 
—

 
—

 
1,094

 
969

 
2,063

 
(4
)
 
2,059

 
1999
 
1 - 40
Post Riverside Office
 
Atlanta, GA
 
—

 
 
 
9,699

 
22,145

 
—

 
18

 
9,699

 
22,163

 
31,862

 
(61
)
 
31,801

 
1996
 
1 - 40
Post Riverside Retail
 
Atlanta, GA
 
—

 
 
 
890

 
2,344

 
—

 
1

 
890

 
2,345

 
3,235

 
(5
)
 
3,230

 
1996
 
1 - 40
Post Harbour Place
 
Tampa, FL
 
—

 
 
 
387

 
4,324

 
—

 
—

 
387

 
4,324

 
4,711

 
(9
)
 
4,702

 
1997
 
1 - 40
Post Soho Square Retail
 
Tampa, FL
 
—

 
 
 
268

 
4,039

 
—

 
—

 
268

 
4,039

 
4,307

 
(14
)
 
4,293

 
2012
 
1 - 40
Post Parkside Atlanta Retail
 
Atlanta, GA
 
—

 
 
 
427

 
1,091

 
—

 
—

 
427

 
1,091

 
1,518

 
(2
)
 
1,516

 
1999
 
1 - 40
Post Uptown Place Retail
 
Charlotte, NC
 
—

 
 
 
320

 
1,146

 
—

 
—

 
320

 
1,146

 
1,466

 
(3
)
 
1,463

 
1998
 
1 - 40
Post Uptown Leasing Center
 
Charlotte, NC
 
—

 
 
 
1,293

 
1,491

 
—

 
—

 
1,293

 
1,491

 
2,784

 
(3
)
 
2,781

 
1998
 
1 - 40
Post Park Maryland Retail
 
Washington DC, MD
 
—

 
 
 
25

 
137

 
—

 
—

 
25

 
137

 
162

 
—

 
162

 
2007
 
1 - 40
Post South End Retail
 
Charlotte, NC
 
—

 
 
 
471

 
1,291

 
—

 
—

 
471

 
1,291

 
1,762

 
(3
)
 
1,759

 
2009
 
1 - 40
Post Gateway Place Retail
 
Charlotte, NC
 
—

 
 
 
319

 
1,433

 
—

 
—

 
319

 
1,433

 
1,752

 
(3
)
 
1,749

 
2000
 
1 - 40
Post Parkside at Wade Retail
 
Raleigh, NC
 
—

 
 
 
317

 
4,559

 
—

 
—

 
317

 
4,559

 
4,876

 
(15
)
 
4,861

 
2011
 
1 - 40
Post Parkside Orlando Retail
 
Orlando, FL
 
—

 
 
 
743

 
11,947

 
—

 
1

 
743

 
11,948

 
12,691

 
(28
)
 
12,663

 
1999
 
1 - 40
Post Carlyle Square Retail
 
Washington DC, VA
 
—

 
 
 
1,050

 
7,945

 
—

 
—

 
1,050

 
7,945

 
8,995

 
(18
)
 
8,977

 
2006/2016
 
1 - 40
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Life used to compute depreciation in latest income statement (4)
 
 
 
 
 
 
 
 
Initial Cost
 
Costs Capitalized subsequent to Acquisition
 
Gross Amount carried at December 31, 2016  (3)
 
 
 
 
 
 
 
 
 
Property
 
Location
 
Encumbrances
 
 
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Land
 
Buildings and Fixtures
 
Total
 
Accumulated Depreciation
 
Net
 
Date of Construction
 
Post Coles Corner Retail
 
Dallas, TX
 
—

 
 
 
348

 
717

 
—

 
—

 
348

 
717

 
1,065

 
(2
)
 
1,063

 
1998
 
1 - 40
Post Square Retail
 
Dallas, TX
 
—

 
 
 
1,584

 
5,994

 
—

 
1

 
1,584

 
5,995

 
7,579

 
(14
)
 
7,565

 
1996
 
1 - 40
Post Worthington Retail
 
Dallas, TX
 
—

 
 
 
108

 
496

 
—

 
1

 
108

 
497

 
605

 
(1
)
 
604

 
1993/2008
 
1 - 40
Post Heights Retail
 
Dallas, TX
 
—

 
 
 
1,068

 
3,319

 
—

 
—

 
1,068

 
3,319

 
4,387

 
(8
)
 
4,379

 
1997
 
1 - 40
Post Eastside Retail
 
Dallas, TX
 
—

 
 
 
684

 
10,665

 
—

 
—

 
684

 
10,665

 
11,349

 
(21
)
 
11,328

 
2008
 
1 - 40
Post Addison Circle Retail
 
Dallas, TX
 
—

 
 
 
449

 
21,426

 
—

 
111

 
449

 
21,537

 
21,986

 
(50
)
 
21,936

 
1998-2000
 
1 - 40
Post Addison Circle Office
 
Dallas, TX
 
—

 
 
 
1,397

 
4,288

 
—

 
5

 
1,397

 
4,293

 
5,690

 
(13
)
 
5,677

 
1998-2000
 
1 - 40
Post Sierra Frisco Br Retail
 
Dallas, TX
 
—

 
 
 
780

 
6,605

 
—

 
1

 
780

 
6,606

 
7,386

 
(16
)
 
7,370

 
2009
 
1 - 40
Post Katy Trail Retail
 
Dallas, TX
 
—

 
 
 
466

 
4,893

 
—

 
—

 
466

 
4,893

 
5,359

 
(11
)
 
5,348

 
2010
 
1 - 40
Post Midtown Square Retail
 
Houston, TX
 
—

 
 
 
1,325

 
16,036

 
5

 
17

 
1,330

 
16,053

 
17,383

 
(36
)
 
17,347

 
1999/2013
 
1 - 40
Rise Condo Devel LP Retail
 
Houston, TX
 
—

 
 
 
—

 
2,284

 
—

 
—

 
—

 
2,284

 
2,284

 
(5
)
 
2,279

 
1999/2013
 
1 - 40
Post Legacy Retail
 
Dallas, TX
 
—

 
 
 
150

 
3,341

 
—

 
—

 
150

 
3,341

 
3,491

 
(7
)
 
3,484

 
2000
 
1 - 40
Post South Lamar Retail
 
Austin, TX
 
—

 
 
 
422

 
3,078

 
—

 
1

 
422

 
3,079

 
3,501

 
(7
)
 
3,494

 
2011
 
1 - 40
Total Commercial Properties
 

 
431

 
 
 
30,527

 
166,099

 
14

 
2,882

 
30,541

 
168,981

 
199,522

 
(2,260
)
 
197,262

 

 
 
Colonial Promenade Huntsville
 
Huntsville, AL
 
—

 
 
 
2,000

 
—

 
—

 
—

 
2,000

 
—

 
2,000

 
—

 
2,000

 
N/A
 
N/A
Colonial Grand at Randall Lakes (Phase II)
 
Jacksonville, FL
 
—

 
 
 
3,200

 
—

 
—

 
33,725

 
3,200

 
33,725

 
36,925

 
(123
)
 
36,802

 
N/A
 
N/A
Post Parkside at Wade II
 
Raleigh, NC
 
—

 
 
 
9,450

 
46,350

 
—

 
1,848

 
9,450

 
48,198

 
57,648

 
(143
)
 
57,505

 
N/A
 
N/A
Post Afton Oaks
 
Houston, TX
 
—

 
 
 
12,090

 
68,810

 
—

 
1,445

 
12,090

 
70,255

 
82,345

 
(109
)
 
82,236

 
N/A
 
N/A
Post South Lamar II
 
Austin, TX
 
—

 
 
 
9,000

 
32,800

 
—

 
3,307

 
9,000

 
36,107

 
45,107

 
—

 
45,107

 
N/A
 
N/A
Post Millennium Midtown
 
Atlanta, GA
 
—

 
 
 
7,000

 
44,000

 
—

 
8,312

 
7,000

 
52,312

 
59,312

 
—

 
59,312

 
N/A
 
N/A
Post River North
 
Denver, CO
 
—

 
 
 
13,413

 
26,732

 
—

 
3,287

 
13,413

 
30,019

 
43,432

 
—

 
43,432

 
N/A
 
N/A
Post Centennial Park
 
Atlanta, GA
 
—

 
 
 
13,650

 
10,950

 
—

 
2,321

 
13,650

 
13,271

 
26,921

 
—

 
26,921

 
N/A
 
N/A
The Denton (Phase II)
 
Kansas City, MO
 
—

 
 
 
770

 
—

 
—

 
12,806

 
770

 
12,806

 
13,576

 
—

 
13,576

 
N/A
 
N/A
Retreat at West Creek (Phase II)
 
Richmond, VA
 
—

 
 
 
3,000

 
—

 
—

 
10,174

 
3,000

 
10,174

 
13,174

 
—

 
13,174

 
N/A
 
N/A
Total Active Development Properties
 
 
 
—

 
 
 
73,573

 
229,642

 
—

 
77,225

 
73,573

 
306,867

 
380,440

 
(375
)
 
380,065

 
 
 
 
Total Properties
 
 
 
1,001,204

 
 
 
1,809,746

 
9,975,217

 
6,262

 
1,077,973

 
1,816,008

 
11,053,190

 
12,869,198

 
(1,656,071
)
 
11,213,127

 
 
 
 
Total Land Held for Future Developments
 
—

 
 
 
71,464

 
—

 
—

 
—

 
71,464

 
—

 
71,464

 
—

 
71,464

 
N/A
 
N/A
Corporate Properties
 
 
 
—

 
 
 
—

 
—

 
—

 
31,508

 
—

 
31,508

 
31,508

 
(18,730
)
 
12,778

 
Various
 
1-40
Total Other
 


 
 
 
71,464

 
—

 
—

 
31,508

 
71,464

 
31,508

 
102,972

 
(18,730
)
 
84,242

 
 
 
 
Total Real Estate Assets, net of Joint Ventures
 
$
1,001,204

 
 
 
$
1,881,210

 
$
9,975,217

 
$
6,262

 
$
1,109,481

 
$
1,887,472

 
$
11,084,698

 
$
12,972,170

 
$
(1,674,801
)
 
$
11,297,369

 
 
 
 

(1)
Encumbered by a $160.0 million Fannie Mae facility, with $160.0 million available and outstanding with a variable interest rate of 1.1% on which there exists two interest rate caps totaling $50 million at an average rate of 4.50% at December 31, 2016.
(2)
Encumbered by a $127 million loan with a fixed interest rate of 5.08% which matures on June 10, 2021.  
(3)
The aggregate cost for Federal income tax purposes was approximately $10.45 billion at December 31, 2016. 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.
(4)
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.






























Mid-America Apartment Communities, Inc.
Mid-America Apartments, L.P.
Schedule III
Real Estate Investments and Accumulated Depreciation
A summary of activity for real estate investments and accumulated depreciation is as follows (dollars in thousands):