Schedule III Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2018

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]

Schedule III Real Estate and Accumulated Depreciation



				Initial Cost				Costs Capitalized Subsequent to Acquisition					Gross Amount carried as of December 31, 2018
Property	Location	Encumbrances		Land		Buildings and Fixtures		Land			Buildings and Fixtures		Land		Buildings and Fixtures		Total ⁽³⁾		Accumulated Depreciation ⁽⁴⁾			Net		Date of Construction	Date Acquired
Birchall at Ross Bridge	Birmingham, AL	—		$	2,640	$	28,842	$	—		$	1,619	$	2,640	$	30,463	$	33,103	$	(7,815	)	$	25,288	2009	2011
Colonial Grand at Riverchase Trails	Birmingham, AL	—		3,761		22,079		—			3,875		3,761		25,954		29,715		(6,747		)	22,968		2010	2013
Colonial Village at Trussville	Birmingham, AL	—		3,402		31,813		—			2,878		3,402		34,691		38,093		(8,256		)	29,837		1996/97	2013
Eagle Ridge	Birmingham, AL	—		851		7,667		—			4,467		851		12,134		12,985		(7,908		)	5,077		1986	1998
Colonial Grand at Traditions	Gulf Shores,AL	—		3,211		25,162		—			2,589		3,211		27,751		30,962		(7,063		)	23,899		2007	2013
Colonial Grand at Edgewater	Huntsville, AL	—		4,943		38,673		—			4,374		4,943		43,047		47,990		(9,439		)	38,551		1990	2013
Paddock Club at Providence	Huntsville, AL	—		909		10,152		830			14,269		1,739		24,421		26,160		(14,497		)	11,663		1993	1997
Colonial Grand at Madison	Madison, AL	—		3,601		28,934		—			1,653		3,601		30,587		34,188		(7,467		)	26,721		2000	2013
Cypress Village	Orange Beach, AL	—		1,290		12,238		—			1,790		1,290		14,028		15,318		(3,117		)	12,201		2008	2013
Colonial Grand at Liberty Park	Vestavia Hills, AL	—		3,922		30,977		—			5,387		3,922		36,364		40,286		(8,819		)	31,467		2000	2013
Edge at Lyon's Gate	Phoenix, AZ	—		7,901		27,182		—			2,930		7,901		30,112		38,013		(10,854		)	27,159		2007	2008
Residences at Fountainhead	Phoenix, AZ	—		12,212		56,705		—			921		12,212		57,626		69,838		(4,515		)	65,323		2015	2016
Sky View Ranch	Gilbert, AZ	—		2,668		14,577		—			2,336		2,668		16,913		19,581		(5,888		)	13,693		2007	2009
Talus Ranch	Phoenix, AZ	—		12,741		47,701		—			3,879		12,741		51,580		64,321		(21,278		)	43,043		2005	2006
Colonial Grand at Inverness Commons	Mesa, AZ	—		4,219		26,255		—			1,755		4,219		28,010		32,229		(6,523		)	25,706		2002	2013
Colonial Grand at Scottsdale	Scottsdale, AZ	—		3,612		20,273		—			2,192		3,612		22,465		26,077		(5,301		)	20,776		1999	2013
Colonial Grand at OldTown Scottsdale	Scottsdale, AZ	—		7,820		51,627		—			4,843		7,820		56,470		64,290		(12,886		)	51,404		1994/95	2013
SkySong	Scottsdale, AZ	—		—		55,748		—			1,602		—		57,350		57,350		(5,419		)	51,931		2014	2015
Calais Forest	Little Rock, AR	—		1,026		9,244		—			7,894		1,026		17,138		18,164		(11,927		)	6,237		1987	1994
Napa Valley	Little Rock, AR	—		960		8,642		—			5,702		960		14,344		15,304		(9,664		)	5,640		1984	1996
Palisades at Chenal Valley	Little Rock, AR	—		2,560		25,234		—			3,804		2,560		29,038		31,598		(7,613		)	23,985		2006	2011
Ridge at Chenal Valley	Little Rock, AR	—		2,626		—		—			28,104		2,626		28,104		30,730		(4,795		)	25,935		2012	2011
Westside Creek	Little Rock, AR	—		1,271		11,463		—			8,605		1,271		20,068		21,339		(13,058		)	8,281		1984/86	1997
Sync 36 I	Denver, CO	—		18,887		81,317		134			4,397		19,021		85,714		104,735		(1,670		)	103,065		2017	2018
Post River North	Denver, CO	—		14,500		28,900		—			44,157		14,500		73,057		87,557		(2,527		)	85,030		2018	2016
Tiffany Oaks	Altamonte Springs, FL	—		1,024		9,219		—			5,608		1,024		14,827		15,851		(10,235		)	5,616		1985	1996
Indigo Point	Brandon, FL	—		1,167		10,500		—			3,985		1,167		14,485		15,652		(9,125		)	6,527		1989	2000
Paddock Club Brandon	Brandon, FL	—		2,896		26,111		—			6,690		2,896		32,801		35,697		(20,855		)	14,842		1998	1997
Colonial Grand at Lakewood Ranch	Bradenton, FL	—		2,980		40,230		—			3,618		2,980		43,848		46,828		(9,961		)	36,867		1999	2013
The Preserve at Coral Square	Coral Springs, FL	—		9,600		40,004		—			11,089		9,600		51,093		60,693		(24,698		)	35,995		1996	2004
Paddock Club Gainesville	Gainesville, FL	—		1,800		15,879		—			5,081		1,800		20,960		22,760		(10,315		)	12,445		1999	1998
The Retreat at Magnolia Park	Gainesville, FL	—		2,040		16,338		—			876		2,040		17,214		19,254		(4,568		)	14,686		2009	2011
Colonial Grand at Heathrow	Heathrow, FL	—		4,101		35,684		—			3,296		4,101		38,980		43,081		(9,198		)	33,883		1997	2013
220 Riverside	Jacksonville, FL	—		2,500		38,416		—			3,847		2,500		42,263		44,763		(3,494		)	41,269		2015	2012
Atlantic Crossing	Jacksonville, FL	—		4,000		19,495		—			1,759		4,000		21,254		25,254		(5,820		)	19,434		2008	2011
Cooper's Hawk	Jacksonville, FL	—		854		7,500		—			3,890		854		11,390		12,244		(8,391		)	3,853		1987	1995
Hunter's Ridge at Deerwood	Jacksonville, FL	—		1,533		13,835		—			5,957		1,533		19,792		21,325		(13,275		)	8,050		1987	1997
Lakeside	Jacksonville, FL	—		1,430		12,883		—			8,445		1,430		21,328		22,758		(15,455		)	7,303		1985	1996
Lighthouse at Fleming Island	Jacksonville, FL	—		4,047		35,052		—			5,515		4,047		40,567		44,614		(21,171		)	23,443		2003	2003
Paddock Club Mandarin	Jacksonville, FL	—		1,411		14,967		—			3,190		1,411		18,157		19,568		(9,523		)	10,045		1998	1998
St. Augustine	Jacksonville, FL	—		2,857		6,475		—			19,937		2,857		26,412		29,269		(13,080		)	16,189		1987/ 2008	1995
Tattersall at Tapestry Park	Jacksonville, FL	—		6,417		36,069		—			1,336		6,417		37,405		43,822		(9,701		)	34,121		2009	2011
Woodhollow	Jacksonville, FL	—		1,686		15,179		(8		)	9,049		1,678		24,228		25,906		(17,118		)	8,788		1986	1997
Colonial Grand at Town Park	Lake Mary, FL	—		5,742		56,562		—			4,208		5,742		60,770		66,512		(14,774		)	51,738		2005	2013
Colonial Grand at Town Park Reserve	Lake Mary, FL	—		3,481		10,311		—			415		3,481		10,726		14,207		(2,657		)	11,550		2004	2013
Colonial Grand at Lake Mary	Lake Mary, FL	—	⁽¹⁾	6,346		41,539		—			23,290		6,346		64,829		71,175		(11,864		)	59,311		2012	2013
Colonial Grand at Randal Lakes	Orlando, FL	—		5,659		50,553		—			10,940		5,659		61,493		67,152		(7,653		)	59,499		2013	2013
Colonial Grand at Randal Lakes II	Orlando, FL	—		3,200		—		—			36,775		3,200		36,775		39,975		(1,903		)	38,072		2013	2013
Retreat at Lake Nona	Orlando, FL	—		7,880		41,175		—			4,720		7,880		45,895		53,775		(10,388		)	43,387		2006	2012
Colonial Grand at Heather Glen	Orlando, FL	—		4,662		56,988		—			5,547		4,662		62,535		67,197		(14,061		)	53,136		2000	2013
Post Lake at Baldwin Park	Orlando, FL	—		18,101		144,200		—			1,747		18,101		145,947		164,048		(12,134		)	151,914		2011	2016
Post Lakeside	Orlando, FL	—		7,046		52,585		—			363		7,046		52,948		59,994		(4,058		)	55,936		2013	2016
Post Parkside	Orlando, FL	—		5,669		49,754		—			2,399		5,669		52,153		57,822		(4,332		)	53,490		1999	2016
Park Crest at Innisbrook	Palm Harbor, FL	26,483		6,900		26,613		—			2,858		6,900		29,471		36,371		(10,455		)	25,916		2000	2009
The Club at Panama Beach	Panama City, FL	—		898		14,276		(5		)	3,996		893		18,272		19,165		(10,384		)	8,781		2000	1998
Colonial Village at Twin Lakes	Sanford, FL	22,778		3,091		47,793		—			2,329		3,091		50,122		53,213		(11,617		)	41,596		2005	2013



				Initial Cost		Costs Capitalized Subsequent to Acquisition			Gross Amount carried as of December 31, 2018
Property	Location	Encumbrances		Land	Buildings and Fixtures	Land		Buildings and Fixtures	Land	Buildings and Fixtures	Total ⁽³⁾	Accumulated Depreciation ⁽⁴⁾		Net	Date of Construction	Date Acquired
Paddock Club Tallahassee	Tallahassee, FL	—		530	4,805	950		14,783	1,480	19,588	21,068	(13,247	)	7,821	1992	1997
Verandas at Southwood	Tallahassee, FL	—		3,600	25,914	—		1,108	3,600	27,022	30,622	(4,260	)	26,362	2003	2011
Belmere	Tampa, FL	—		852	7,667	—		7,172	852	14,839	15,691	(10,394	)	5,297	1984	1994
Links at Carrollwood	Tampa, FL	—		817	7,355	110		5,753	927	13,108	14,035	(8,528	)	5,507	1980	1998
Post Bay at Rocky Point	Tampa, FL	—		4,541	28,381	—		1,017	4,541	29,398	33,939	(2,378	)	31,561	1997	2016
Post Harbour Place	Tampa, FL	—		16,296	116,193	—		5,422	16,296	121,615	137,911	(10,385	)	127,526	1997	2016
Post Hyde Park	Tampa, FL	—		16,891	95,259	—		3,230	16,891	98,489	115,380	(8,415	)	106,965	1994	2016
Post Rocky Point	Tampa, FL	—		35,260	153,102	—		6,858	35,260	159,960	195,220	(13,220	)	182,000	1994-1996	2016
Post Soho Square	Tampa, FL	—		5,190	56,296	—		204	5,190	56,500	61,690	(4,290	)	57,400	2012	2016
Village Oaks	Tampa, FL	—		2,738	19,055	153		2,619	2,891	21,674	24,565	(7,809	)	16,756	2005	2008
Colonial Grand at Hampton Preserve	Tampa, FL	—		6,233	69,535	—		1,595	6,233	71,130	77,363	(15,289	)	62,074	2012	2013
Colonial Grand at Seven Oaks	Wesley Chapel, FL	—		3,051	42,768	—		2,611	3,051	45,379	48,430	(9,952	)	38,478	2004	2013
Colonial Grand at Windermere	Windermere, FL	—		2,711	36,710	—		1,197	2,711	37,907	40,618	(8,096	)	32,522	2009	2013
Allure at Brookwood	Atlanta, GA	—	⁽¹⁾	11,168	52,758	—		4,800	11,168	57,558	68,726	(13,286	)	55,440	2008	2012
Allure in Buckhead Village	Atlanta, GA	—		8,633	19,844	—		6,289	8,633	26,133	34,766	(7,187	)	27,579	2002	2012
The High Rise at Post Alexander	Atlanta, GA	—		8,435	92,294	—		152	8,435	92,446	100,881	(10,258	)	90,623	2015	2016
Post Alexander	Atlanta, GA	—		15,440	73,278	—		1,628	15,440	74,906	90,346	(4,920	)	85,426	2006	2016
Post Briarcliff	Atlanta, GA	—		24,645	114,921	—		2,783	24,645	117,704	142,349	(9,380	)	132,969	1996	2016
Post Brookhaven	Atlanta, GA	—		29,048	106,463	—		5,284	29,048	111,747	140,795	(9,425	)	131,370	1989/92	2016
Post Chastain	Atlanta, GA	—		30,223	82,964	—		1,638	30,223	84,602	114,825	(6,721	)	108,104	1990	2016
Post Crossing	Atlanta, GA	—		15,799	48,054	—		1,738	15,799	49,792	65,591	(4,113	)	61,478	1995	2016
Post Gardens	Atlanta, GA	—		17,907	56,093	—		2,385	17,907	58,478	76,385	(5,019	)	71,366	1996	2016
Post Glen	Atlanta, GA	—		13,878	51,079	—		2,657	13,878	53,736	67,614	(4,328	)	63,286	1996	2016
Post Midtown	Atlanta, GA	—		7,000	44,000	—		39,882	7,000	83,882	90,882	(3,294	)	87,588	2017	2016
Post Parkside	Atlanta, GA	—		11,025	34,277	—		999	11,025	35,276	46,301	(2,689	)	43,612	1999	2016
Post Peachtree Hills	Atlanta, GA	—		11,974	55,264	—		351	11,974	55,615	67,589	(4,356	)	63,233	1992-1994/2009	2016
Post Riverside	Atlanta, GA	—		23,765	89,369	—		4,108	23,765	93,477	117,242	(8,384	)	108,858	1996	2016
Post Spring	Atlanta, GA	—		18,596	57,819	—		2,412	18,596	60,231	78,827	(5,262	)	73,565	1999	2016
Post Stratford	Atlanta, GA	—		—	30,051	—		2,091	—	32,142	32,142	(2,793	)	29,349	1999	2016
Sanctuary at Oglethorpe	Atlanta, GA	—		6,875	31,441	—		5,512	6,875	36,953	43,828	(13,085	)	30,743	1994	2008
Post Centennial Park	Atlanta, GA	—		13,650	10,950	—		61,120	13,650	72,070	85,720	(1,344	)	84,376	2018	2016
Prescott	Duluth, GA	—	⁽²⁾	3,840	24,011	—		4,565	3,840	28,576	32,416	(13,745	)	18,671	2001	2004
Colonial Grand at Berkeley Lake	Duluth, GA	—		1,960	15,707	—		2,080	1,960	17,787	19,747	(4,889	)	14,858	1998	2013
Colonial Grand at River Oaks	Duluth, GA	—		4,360	13,579	—		1,952	4,360	15,531	19,891	(5,275	)	14,616	1992	2013
Colonial Grand at River Plantation	Duluth, GA	—		2,059	19,158	—		2,051	2,059	21,209	23,268	(5,773	)	17,495	1994	2013
Colonial Grand at McDaniel Farm	Duluth, GA	—		3,985	32,206	—		3,951	3,985	36,157	40,142	(9,744	)	30,398	1997	2013
Colonial Grand at Pleasant Hill	Duluth, GA	—		6,753	32,202	—		4,304	6,753	36,506	43,259	(9,415	)	33,844	1996	2013
Colonial Grand at Mount Vernon	Dunwoody, GA	—		6,861	23,748	—		3,342	6,861	27,090	33,951	(6,144	)	27,807	1997	2013
Lake Lanier Club	Gainesville, GA	—	⁽²⁾	6,710	40,994	—		8,419	6,710	49,413	56,123	(23,407	)	32,716	1998/2001	2005
Colonial Grand at Shiloh	Kennesaw, GA	—		4,864	45,893	—		4,098	4,864	49,991	54,855	(12,220	)	42,635	2002	2013
Millstead Village	LaGrange, GA	—		3,100	29,240	—		1,263	3,100	30,503	33,603	(6,527	)	27,076	1998	2008
Colonial Grand at Barrett Creek	Marietta, GA	—		5,661	26,186	—		2,932	5,661	29,118	34,779	(8,050	)	26,729	1999	2013
Colonial Grand at Godley Station	Pooler, GA	9,028		1,800	35,454	—		3,484	1,800	38,938	40,738	(8,635	)	32,103	2001	2013
Colonial Grand at Godley Lake	Pooler, GA	—		1,750	30,893	—		1,249	1,750	32,142	33,892	(7,473	)	26,419	2008	2013
Avala at Savannah Quarters	Savannah, GA	—		1,500	24,862	—		2,046	1,500	26,908	28,408	(6,972	)	21,436	2009	2011
Georgetown Grove	Savannah, GA	—		1,288	11,579	—		3,693	1,288	15,272	16,560	(10,078	)	6,482	1997	1998
Colonial Grand at Hammocks	Savannah, GA	—		2,441	36,863	—		4,338	2,441	41,201	43,642	(9,202	)	34,440	1997	2013
Colonial Village at Greentree	Savannah, GA	—		1,710	10,494	—		1,739	1,710	12,233	13,943	(3,430	)	10,513	1984	2013
Colonial Village at Huntington	Savannah, GA	—		2,521	8,223	—		1,276	2,521	9,499	12,020	(2,374	)	9,646	1986	2013
Colonial Village at Marsh Cove	Savannah, GA	—		5,231	8,555	—		1,373	5,231	9,928	15,159	(2,876	)	12,283	1983	2013
Oaks at Wilmington Island	Savannah, GA	—		2,910	25,315	(46	)	4,733	2,864	30,048	32,912	(12,626	)	20,286	1999	2006
Highlands of West Village	Smyrna, GA	—		14,410	73,733	—		7,056	14,410	80,789	95,199	(12,206	)	82,993	2006/12	2014
Haven at Prairie Trace	Overland Park, KS	—		3,500	40,614	—		1,228	3,500	41,842	45,342	(3,862	)	41,480	2015	2015
Grand Reserve at Pinnacle	Lexington, KY	—		2,024	31,525	—		5,875	2,024	37,400	39,424	(18,490	)	20,934	2000	1998
Lakepointe	Lexington, KY	—		411	3,699	—		2,707	411	6,406	6,817	(4,737	)	2,080	1986	1994
The Mansion	Lexington, KY	—		694	6,242	—		3,887	694	10,129	10,823	(7,501	)	3,322	1989	1994
The Village	Lexington, KY	—		900	8,097	—		4,776	900	12,873	13,773	(9,579	)	4,194	1989	1994
Stonemill Village	Louisville, KY	—		1,169	10,518	—		9,830	1,169	20,348	21,517	(14,568	)	6,949	1985	1994
Crosswinds	Jackson, MS	—		1,535	13,826	—		5,735	1,535	19,561	21,096	(13,735	)	7,361	1989	1996
Pear Orchard	Jackson, MS	—		1,351	12,168	—		8,855	1,351	21,023	22,374	(15,488	)	6,886	1985	1994
Reflection Pointe	Jackson, MS	—		710	8,770	138		8,743	848	17,513	18,361	(12,444	)	5,917	1986	1988
Lakeshore Landing	Ridgeland, MS	—		676	6,284	—		3,647	676	9,931	10,607	(5,141	)	5,466	1974	1994



				Initial Cost		Costs Capitalized Subsequent to Acquisition			Gross Amount carried as of December 31, 2018
Property	Location	Encumbrances		Land	Buildings and Fixtures	Land		Buildings and Fixtures	Land	Buildings and Fixtures	Total ⁽³⁾	Accumulated Depreciation ⁽⁴⁾		Net	Date of Construction	Date Acquired
Market Station	Kansas City, MO	—		5,814	46,241	—		2,309	5,814	48,550	54,364	(10,451	)	43,913	2010	2012
The Denton	Kansas City, MO	—		750	8,795	—		834	750	9,629	10,379	(716	)	9,663	2014	2015
The Denton II	Kansas City, MO	—		770	—	—		24,258	770	24,258	25,028	(695	)	24,333	2017	2015
The Denton III	Kansas City, MO	—		4,000	42,144	—		1,372	4,000	43,516	47,516	(4,530	)	42,986	2013/14	2015
Colonial Grand at Desert Vista	North Las Vegas, NV	—		4,091	29,826	—		1,534	4,091	31,360	35,451	(7,505	)	27,946	2009	2013
Colonial Grand at Palm Vista	North Las Vegas, NV	—		4,909	25,643	—		2,829	4,909	28,472	33,381	(7,116	)	26,265	2007	2013
Colonial Village at Beaver Creek	Apex, NC	—		7,491	34,863	—		2,160	7,491	37,023	44,514	(8,248	)	36,266	2007	2013
Hermitage at Beechtree	Cary, NC	—		900	8,099	—		5,086	900	13,185	14,085	(8,663	)	5,422	1988	1997
Waterford Forest	Cary, NC	—	⁽²⁾	4,000	20,250	—		3,893	4,000	24,143	28,143	(11,450	)	16,693	1996	2005
1225 South Church I	Charlotte, NC	—		9,612	22,342	—		27,932	9,612	50,274	59,886	(9,111	)	50,775	2010	2010
Colonial Grand at Ayrsley	Charlotte, NC	—		2,481	52,119	—		13,986	2,481	66,105	68,586	(13,604	)	54,982	2008	2013
Colonial Grand at Beverly Crest	Charlotte, NC	—		3,161	24,004	—		2,928	3,161	26,932	30,093	(6,125	)	23,968	1996	2013
Colonial Grand at Legacy Park	Charlotte, NC	—		2,891	28,272	—		2,267	2,891	30,539	33,430	(7,185	)	26,245	2001	2013
Colonial Grand at Mallard Creek	Charlotte, NC	—		4,591	27,713	—		1,813	4,591	29,526	34,117	(6,969	)	27,148	2005	2013
Colonial Grand at Mallard Lake	Charlotte, NC	—		3,250	31,389	—		4,003	3,250	35,392	38,642	(8,411	)	30,231	1998	2013
Colonial Grand at University Center	Charlotte, NC	—		1,620	17,499	—		826	1,620	18,325	19,945	(4,019	)	15,926	2005	2013
Colonial Reserve at South End	Charlotte, NC	—		4,628	44,282	—		11,654	4,628	55,936	60,564	(6,741	)	53,823	2013	2013
Colonial Village at Chancellor Park	Charlotte, NC	—		5,311	28,016	—		4,292	5,311	32,308	37,619	(7,298	)	30,321	1999	2013
Colonial Village at South Tryon	Charlotte, NC	—		2,260	19,489	—		1,953	2,260	21,442	23,702	(4,998	)	18,704	2002	2013
Colonial Village at Timber Crest	Charlotte, NC	—		2,901	17,192	—		2,416	2,901	19,608	22,509	(4,294	)	18,215	2000	2013
Enclave	Charlotte, NC	—		1,461	18,984	—		1,114	1,461	20,098	21,559	(3,988	)	17,571	2008	2013
Post Ballantyne	Charlotte, NC	—		16,216	44,817	—		2,063	16,216	46,880	63,096	(3,760	)	59,336	2004	2016
Post Gateway Place	Charlotte, NC	—		17,528	57,444	—		2,901	17,528	60,345	77,873	(5,223	)	72,650	2000	2016
Post Park at Phillips Place	Charlotte, NC	—		20,869	65,517	—		3,304	20,869	68,821	89,690	(5,683	)	84,007	1996	2016
Post South End	Charlotte, NC	—		18,835	58,795	—		1,488	18,835	60,283	79,118	(4,505	)	74,613	2009	2016
Post Uptown Place	Charlotte, NC	—		10,888	30,078	—		1,487	10,888	31,565	42,453	(2,630	)	39,823	2000	2016
Colonial Grand at Cornelius	Cornelius, NC	—		4,571	29,151	—		1,455	4,571	30,606	35,177	(7,365	)	27,812	2009	2013
Colonial Grand at Patterson Place	Durham, NC	—		2,590	27,126	—		3,044	2,590	30,170	32,760	(6,840	)	25,920	1997	2013
Colonial Village at Deerfield	Durham, NC	—		3,271	15,609	—		1,510	3,271	17,119	20,390	(4,695	)	15,695	1985	2013
Colonial Grand at Research Park	Durham, NC	—		4,201	37,682	—		2,921	4,201	40,603	44,804	(9,458	)	35,346	2002	2013
Colonial Grand at Huntersville	Huntersville, NC	—		4,251	31,948	—		2,609	4,251	34,557	38,808	(8,033	)	30,775	2008	2013
Colonial Village at Matthews	Matthews, NC	—		3,071	21,830	—		4,630	3,071	26,460	29,531	(6,991	)	22,540	2008	2013
Colonial Grand at Matthews Commons	Matthews, NC	—		3,690	28,536	—		2,147	3,690	30,683	34,373	(7,088	)	27,285	2008	2013
Colonial Grand at Arringdon	Morrisville, NC	—		6,401	31,134	—		2,948	6,401	34,082	40,483	(7,917	)	32,566	2003	2013
Colonial Grand at Brier Creek	Raleigh, NC	—		7,372	50,202	—		2,278	7,372	52,480	59,852	(11,622	)	48,230	2010	2013
Colonial Grand at Brier Falls	Raleigh, NC	—		6,572	48,910	—		1,808	6,572	50,718	57,290	(11,066	)	46,224	2008	2013
Colonial Grand at Crabtree Valley	Raleigh, NC	—		2,241	18,434	—		1,649	2,241	20,083	22,324	(4,336	)	17,988	1997	2013
Hue	Raleigh, NC	—		3,690	29,910	—		2,539	3,690	32,449	36,139	(7,630	)	28,509	2009	2010
Colonial Grand at Trinity Commons	Raleigh, NC	—		5,232	45,138	—		3,240	5,232	48,378	53,610	(11,612	)	41,998	2000/02	2013
Post Parkside at Wade	Raleigh, NC	—		7,196	51,972	—		673	7,196	52,645	59,841	(4,150	)	55,691	2011	2016
Post Parkside at Wade II	Raleigh, NC	—		9,450	46,316	587		1,646	10,037	47,962	57,999	(5,918	)	52,081	2017	2016
Preserve at Brier Creek	Raleigh, NC	—		5,850	21,980	(19	)	25,470	5,831	47,450	53,281	(17,903	)	35,378	2004	2006
Providence at Brier Creek	Raleigh, NC	—		4,695	29,007	—		1,897	4,695	30,904	35,599	(11,254	)	24,345	2007	2008
Tanglewood	Anderson, SC	—		427	3,853	—		3,120	427	6,973	7,400	(5,346	)	2,054	1980	1994
Colonial Grand at Cypress Cove	Charleston, SC	—		3,610	28,645	—		2,198	3,610	30,843	34,453	(7,287	)	27,166	2001	2013
Colonial Village at Hampton Pointe	Charleston, SC	—		3,971	22,790	—		5,072	3,971	27,862	31,833	(6,473	)	25,360	1986	2013
Colonial Grand at Quarterdeck	Charleston, SC	—		920	24,097	—		5,846	920	29,943	30,863	(6,799	)	24,064	1987	2013
Colonial Village at Westchase	Charleston, SC	—		4,571	20,091	—		3,457	4,571	23,548	28,119	(6,236	)	21,883	1985	2013
River's Walk	Charleston, SC	—		8,831	39,430	—		1,644	8,831	41,074	49,905	(4,579	)	45,326	2013/16	2013
1201 Midtown	Charleston, SC	—		11,929	57,885	—		614	11,929	58,499	70,428	(3,592	)	66,836	2015	2016
1201 Midtown II	Charleston, SC	—		6,750	5,874	—		15,605	6,750	21,479	28,229	(87	)	28,142	2018	2016
The Fairways	Columbia, SC	—		910	8,207	—		3,435	910	11,642	12,552	(8,718	)	3,834	1992	1994
Paddock Club Columbia	Columbia, SC	—		1,840	16,560	—		5,143	1,840	21,703	23,543	(14,550	)	8,993	1991	1997
Colonial Village at Windsor Place	Goose Creek, SC	—		1,321	14,163	—		2,919	1,321	17,082	18,403	(4,520	)	13,883	1985	2013
Highland Ridge	Greenville, SC	—		482	4,337	—		2,790	482	7,127	7,609	(4,803	)	2,806	1984	1995
Howell Commons	Greenville, SC	—		1,304	11,740	—		3,900	1,304	15,640	16,944	(10,801	)	6,143	1987	1997
Paddock Club Greenville	Greenville, SC	—		1,200	10,800	—		2,427	1,200	13,227	14,427	(8,894	)	5,533	1996	1997
Park Haywood	Greenville, SC	—		325	2,925	35		4,640	360	7,565	7,925	(5,558	)	2,367	1983	1993
Spring Creek	Greenville, SC	—		597	5,374	(14	)	3,043	583	8,417	9,000	(5,995	)	3,005	1985	1995
Innovation Apartment Homes	Greenville, SC	—		4,437	52,026	—		1,226	4,437	53,252	57,689	(4,168	)	53,521	2015	2016
Runaway Bay	Mt. Pleasant, SC	—		1,085	7,269	12		6,620	1,097	13,889	14,986	(9,420	)	5,566	1988	1995
Colonial Grand at Commerce Park	North Charleston, SC	—		2,780	33,966	—		2,013	2,780	35,979	38,759	(8,116	)	30,643	2008	2013



				Initial Cost		Costs Capitalized Subsequent to Acquisition			Gross Amount carried as of December 31, 2018
Property	Location	Encumbrances		Land	Buildings and Fixtures	Land		Buildings and Fixtures	Land	Buildings and Fixtures	Total ⁽³⁾	Accumulated Depreciation ⁽⁴⁾		Net	Date of Construction	Date Acquired
535 Brookwood	Simpsonville, SC	12,011		1,216	18,666	—		1,565	1,216	20,231	21,447	(6,068	)	15,379	2008	2010
Park Place	Spartanburg, SC	—		723	6,504	—		3,177	723	9,681	10,404	(6,721	)	3,683	1987	1997
Farmington Village	Summerville, SC	—		2,800	26,295	—		2,465	2,800	28,760	31,560	(11,008	)	20,552	2007	2007
Colonial Village at Waters Edge	Summerville, SC	—		2,103	9,187	—		3,787	2,103	12,974	15,077	(3,937	)	11,140	1985	2013
Hamilton Pointe	Chattanooga, TN	—		1,131	10,632	—		4,952	1,131	15,584	16,715	(8,171	)	8,544	1989	1992
Hidden Creek	Chattanooga, TN	—		972	8,954	—		5,978	972	14,932	15,904	(6,635	)	9,269	1987	1988
Steeplechase	Chattanooga, TN	—		217	1,957	—		3,340	217	5,297	5,514	(3,748	)	1,766	1986	1991
Windridge	Chattanooga, TN	—		817	7,416	—		4,464	817	11,880	12,697	(8,087	)	4,610	1984	1997
Kirby Station	Memphis, TN	—		1,148	10,337	—		10,685	1,148	21,022	22,170	(14,339	)	7,831	1978	1994
Lincoln on the Green	Memphis, TN	—		1,498	20,483	—		16,640	1,498	37,123	38,621	(26,261	)	12,360	1992	1994
Park Estate	Memphis, TN	—		178	1,141	—		5,090	178	6,231	6,409	(4,878	)	1,531	1974	1977
Reserve at Dexter Lake	Memphis, TN	—		1,260	16,043	2,147		41,631	3,407	57,674	61,081	(27,474	)	33,607	2000	1998
Paddock Club Murfreesboro	Murfreesboro, TN	—		915	14,774	—		3,649	915	18,423	19,338	(9,763	)	9,575	1999	1998
Acklen West End	Nashville, TN	—		12,761	58,906	—		450	12,761	59,355	72,116	(2,159	)	69,957	2015	2017
Aventura at Indian Lake Village	Nashville, TN	—		4,950	28,053	—		1,676	4,950	29,729	34,679	(7,663	)	27,016	2010	2011
Avondale at Kennesaw	Nashville, TN	16,552		3,456	22,443	—		3,007	3,456	25,450	28,906	(7,550	)	21,356	2008	2010
Brentwood Downs	Nashville, TN	—		1,193	10,739	(2	)	8,590	1,191	19,329	20,520	(12,321	)	8,199	1986	1994
Charlotte at Midtown	Nashville, TN	—		7,898	54,480	—		485	7,898	55,305	63,203	(2,791	)	60,412	2016	2017
Colonial Grand at Bellevue	Nashville, TN	20,088		17,278	64,196	(2	)	3,367	17,276	67,563	84,839	(11,950	)	72,889	1996 / 2015	2013
Grand View Nashville	Nashville, TN	—		2,963	33,673	—		8,552	2,963	42,225	45,188	(20,057	)	25,131	2001	1998
Monthaven Park	Nashville, TN	—		2,736	28,902	—		6,033	2,736	34,935	37,671	(17,762	)	19,909	2000	2004
Park at Hermitage	Nashville, TN	—		1,524	14,800	—		9,014	1,524	23,814	25,338	(17,472	)	7,866	1987	1995
Venue at Cool Springs	Nashville, TN	—		6,670	—	—		51,922	6,670	51,922	58,592	(8,690	)	49,902	2012	2010
Verandas at Sam Ridley	Nashville, TN	20,372		3,350	28,308	—		2,321	3,350	30,629	33,979	(9,018	)	24,961	2009	2010
Balcones Woods	Austin, TX	—		1,598	14,398	—		9,133	1,598	23,531	25,129	(16,270	)	8,859	1983	1997
Colonial Grand at Canyon Creek	Austin, TX	13,356		3,621	32,137	—		1,686	3,621	33,823	37,444	(7,986	)	29,458	2008	2013
Colonial Grand at Canyon Ranch	Austin, TX	—		3,778	20,201	—		2,167	3,778	22,368	26,146	(5,831	)	20,315	2003	2013
Colonial Grand at Double Creek	Austin, TX	—		3,131	29,375	—		914	3,131	30,289	33,420	(7,172	)	26,248	2013	2013
Colonial Grand at Onion Creek	Austin, TX	—		4,902	33,010	—		1,797	4,902	34,807	39,709	(8,337	)	31,372	2009	2013
Grand Reserve at Sunset Valley	Austin, TX	—		3,150	11,393	—		3,819	3,150	15,212	18,362	(7,409	)	10,953	1996	2004
Colonial Village at Quarry Oaks	Austin, TX	—		4,621	34,461	—		5,880	4,621	40,341	44,962	(10,509	)	34,453	1996	2013
Colonial Grand at Wells Branch	Austin, TX	—		3,094	32,283	294		1,624	3,388	33,907	37,295	(7,568	)	29,727	2008	2013
Legacy at Western Oaks	Austin, TX	—	⁽¹⁾	9,100	49,339	—		491	9,100	49,830	58,930	(11,908	)	47,022	2001	2009
Post Barton Creek	Austin, TX	—		8,683	21,497	—		905	8,683	22,402	31,085	(2,076	)	29,009	1998	2016
Post Park Mesa	Austin, TX	—		4,653	19,828	—		674	4,653	20,502	25,155	(1,668	)	23,487	1992	2016
Post South Lamar	Austin, TX	—		11,542	41,293	—		858	11,542	42,151	53,693	(4,271	)	49,422	2011	2016
Post South Lamar II	Austin, TX	—		9,000	32,800	—		20,050	9,000	52,850	61,850	(632	)	61,218	2017	2016
Post West Austin	Austin, TX	—		7,805	48,843	—		1,168	7,805	50,011	57,816	(4,930	)	52,886	2009	2016
Silverado	Austin, TX	—		2,900	24,009	—		4,209	2,900	28,218	31,118	(12,387	)	18,731	2003	2006
Stassney Woods	Austin, TX	—		1,621	7,501	—		8,655	1,621	16,156	17,777	(10,362	)	7,415	1985	1995
Sixty 600	Austin, TX	—		2,281	6,169	—		8,019	2,281	14,188	16,469	(9,227	)	7,242	1987	1995
The Woods on Barton Skyway	Austin, TX	—		1,405	12,769	—		9,816	1,405	22,585	23,990	(10,639	)	13,351	1977	1997
Colonial Village at Shoal Creek	Bedford, TX	—		4,982	27,377	—		3,635	4,982	31,012	35,994	(7,770	)	28,224	1996	2013
Colonial Village at Willow Creek	Bedford, TX	—		3,109	33,488	—		7,415	3,109	40,903	44,012	(10,077	)	33,935	1996	2013
Colonial Grand at Hebron	Carrollton, TX	—		4,231	42,237	—		1,277	4,231	43,514	47,745	(9,268	)	38,477	2011	2013
Colonial Grand at Silverado	Cedar Park, TX	—		3,282	24,935	—		1,369	3,282	26,304	29,586	(6,132	)	23,454	2005	2013
Colonial Grand at Silverado Reserve	Cedar Park, TX	—		3,951	31,705	—		1,954	3,951	33,659	37,610	(7,652	)	29,958	2005	2013
Grand Cypress	Cypress, TX	—		3,881	24,267	—		1,316	3,881	25,583	29,464	(4,560	)	24,904	2008	2013
Courtyards at Campbell	Dallas, TX	—		988	8,893	—		4,033	988	12,926	13,914	(8,572	)	5,342	1986	1998
Deer Run	Dallas, TX	—		1,252	11,271	—		5,018	1,252	16,289	17,541	(10,942	)	6,599	1985	1998
Grand Courtyard	Dallas, TX	—		2,730	22,240	—		3,615	2,730	25,855	28,585	(11,461	)	17,124	2000	2006
Legends at Lowe's Farm	Dallas, TX	—		5,016	41,091	—		2,598	5,016	43,689	48,705	(11,336	)	37,369	2008	2011
Colonial Reserve at Medical District	Dallas, TX	—		4,050	33,779	—		2,027	4,050	35,806	39,856	(7,301	)	32,555	2007	2013
Post Abbey	Dallas, TX	—		2,711	4,369	—		112	2,711	4,481	7,192	(384	)	6,808	1996	2016
Post Addison Circle	Dallas, TX	—		12,308	189,419	—		6,637	12,308	196,056	208,364	(15,940	)	192,424	1998-2000	2016
Post Cole's Corner	Dallas, TX	—		13,030	14,383	—		1,541	13,030	15,924	28,954	(1,481	)	27,473	1998	2016
Post Eastside	Dallas, TX	—		7,134	58,095	—		853	7,134	58,948	66,082	(5,277	)	60,805	2008	2016
Post Gallery	Dallas, TX	—		4,391	7,910	—		687	4,391	8,597	12,988	(870	)	12,118	1999	2016
Post Heights	Dallas, TX	—		26,245	37,922	—		823	26,245	38,745	64,990	(3,439	)	61,551	1998-1999/2009	2016
Post Katy Trail	Dallas, TX	—		10,333	32,456	—		621	10,333	33,077	43,410	(2,524	)	40,886	2010	2016
Post Legacy	Dallas, TX	—		6,575	55,277	—		2,264	6,575	57,541	64,116	(4,616	)	59,500	2000	2016
Post Meridian	Dallas, TX	—		8,780	13,654	—		208	8,780	13,862	22,642	(1,279	)	21,363	1991	2016



				Initial Cost		Costs Capitalized Subsequent to Acquisition			Gross Amount carried as of December 31, 2018
Property	Location	Encumbrances		Land	Buildings and Fixtures	Land		Buildings and Fixtures	Land	Buildings and Fixtures	Total ⁽³⁾	Accumulated Depreciation ⁽⁴⁾		Net	Date of Construction	Date Acquired
Post Sierra at Frisco Bridges	Dallas, TX	—		6,777	32,553	—		580	6,777	33,133	39,910	(3,291	)	36,619	2009	2016
Post Square	Dallas, TX	—		13,178	24,048	—		1,017	13,178	25,065	38,243	(2,013	)	36,230	1996	2016
Post Uptown Village	Dallas, TX	—		34,974	33,213	—		3,464	34,974	36,677	71,651	(3,231	)	68,420	1995/2000	2016
Post Vineyard	Dallas, TX	—		7,966	7,471	—		628	7,966	8,099	16,065	(691	)	15,374	1996	2016
Post Vintage	Dallas, TX	—		13,621	8,608	—		708	13,621	9,316	22,937	(851	)	22,086	1993	2016
Post Worthington	Dallas, TX	—		13,713	43,268	—		917	13,713	44,185	57,898	(3,598	)	54,300	1993/2008	2016
Watermark	Dallas, TX	—	⁽²⁾	960	14,438	—		3,047	960	17,485	18,445	(8,672	)	9,773	2002	2004
Colonial Grand at Bear Creek	Euless, TX	—		6,453	30,048	—		2,874	6,453	32,922	39,375	(8,561	)	30,814	1998	2013
Colonial Grand at Fairview	Fairview, TX	—		2,171	35,077	—		1,041	2,171	36,118	38,289	(7,590	)	30,699	2012	2013
La Valencia at Starwood	Frisco, TX	—		3,240	26,069	—		1,677	3,240	27,746	30,986	(8,144	)	22,842	2009	2010
Colonial Reserve at Frisco Bridges	Frisco, TX	—		1,968	34,018	—		1,445	1,968	35,463	37,431	(7,350	)	30,081	2013	2013
Colonial Village at Grapevine	Grapevine, TX	—		2,351	29,757	—		5,669	2,351	35,426	37,777	(8,355	)	29,422	1985/86	2013
Greenwood Forest	Houston, TX	—		3,465	23,482	—		523	3,465	24,005	27,470	(4,938	)	22,532	1994	2013
Legacy Pines	Houston, TX	—	⁽²⁾	2,157	19,066	(15	)	4,184	2,142	23,250	25,392	(12,252	)	13,140	1999	2003
Park Place (Houston)	Houston, TX	—		2,061	15,830	—		3,285	2,061	19,115	21,176	(8,141	)	13,035	1996	2007
Post Midtown Square	Houston, TX	—		19,038	89,570	—		1,617	19,038	91,187	110,225	(7,964	)	102,261	1999/2013	2016
Post 510	Houston, TX	—		7,227	33,366	—		289	7,227	33,655	40,882	(3,162	)	37,720	2014	2016
Post Afton Oaks	Houston, TX	—		11,503	65,469	—		3,420	11,503	68,889	80,392	(7,027	)	73,365	2017	2016
Ranchstone	Houston, TX	—		1,480	14,807	—		2,771	1,480	17,578	19,058	(7,245	)	11,813	1996	2007
Reserve at Woodwind Lakes	Houston, TX	—		1,968	19,928	—		3,930	1,968	23,858	25,826	(10,313	)	15,513	1999	2006
Retreat at Vintage Park	Houston, TX	—		8,211	40,352	—		887	8,211	41,239	49,450	(4,417	)	45,033	2014	2014
Yale at 6th	Houston, TX	—	⁽¹⁾	13,107	62,764	—		1,104	13,107	63,868	76,975	(2,447	)	74,528	2015	2016
Cascade at Fall Creek	Humble, TX	—		5,985	40,011	—		2,806	5,985	42,817	48,802	(16,666	)	32,136	2007	2007
Bella Casita	Irving, TX	—	⁽²⁾	2,521	26,432	—		2,355	2,521	28,787	31,308	(8,207	)	23,101	2007	2010
Remington Hills	Irving, TX	—		4,390	21,822	—		11,820	4,390	33,642	38,032	(7,517	)	30,515	1984	2013
Colonial Reserve at Las Colinas	Irving, TX	—	⁽¹⁾	3,902	40,691	—		1,624	3,902	42,315	46,217	(8,743	)	37,474	2006	2013
Colonial Grand at Valley Ranch	Irving, TX	22,778		5,072	37,397	—		12,143	5,072	49,540	54,612	(12,067	)	42,545	1997	2013
Colonial Village at Oakbend	Lewisville, TX	—		5,598	28,616	—		4,037	5,598	32,653	38,251	(8,001	)	30,250	1997	2013
Times Square at Craig Ranch	McKinney, TX	—		1,130	28,058	—		4,324	1,130	32,382	33,512	(9,932	)	23,580	2009	2010
Venue at Stonebridge Ranch	McKinney, TX	—		4,034	19,528	—		1,235	4,034	20,763	24,797	(3,791	)	21,006	2000	2013
Cityscape at Market Center	Plano, TX	—		16,894	110,705	—		2,004	16,894	112,709	129,603	(11,590	)	118,013	2013/15	2014
Highwood	Plano, TX	—		864	7,783	—		3,630	864	11,413	12,277	(7,612	)	4,665	1983	1998
Los Rios Park	Plano, TX	—		3,273	28,823	—		6,720	3,273	35,543	38,816	(18,242	)	20,574	2000	2003
Boulder Ridge	Roanoke, TX	—		3,382	26,930	—		6,364	3,382	33,294	36,676	(15,517	)	21,159	1999	2005
Copper Ridge	Roanoke, TX	—		4,166	—	—		21,641	4,166	21,778	25,944	(5,880	)	20,064	2009	2008
Colonial Grand at Ashton Oaks	Round Rock, TX	—		5,511	36,241	—		2,169	5,511	38,410	43,921	(8,934	)	34,987	2009	2013
Colonial Grand at Round Rock	Round Rock, TX	—		4,691	45,379	—		2,351	4,691	47,730	52,421	(10,832	)	41,589	1997	2013
Colonial Village at Sierra Vista	Round Rock, TX	—		2,561	16,488	—		3,576	2,561	20,064	22,625	(5,118	)	17,507	1999	2013
Alamo Ranch	San Antonio, TX	—		2,380	26,982	—		2,677	2,380	29,659	32,039	(8,533	)	23,506	2009	2011
Bulverde Oaks	San Antonio, TX	—		4,257	36,759	—		1,296	4,257	38,055	42,312	(4,283	)	38,029	2014	2014
Haven at Blanco	San Antonio, TX	—		5,450	45,958	—		3,014	5,450	48,972	54,422	(11,161	)	43,261	2010	2012
Stone Ranch at Westover Hills	San Antonio, TX	17,533		4,000	24,992	—		2,770	4,000	27,762	31,762	(8,907	)	22,855	2009	2009
Cypresswood Court	Spring, TX	—	⁽²⁾	576	5,190	—		5,203	576	10,393	10,969	(6,175	)	4,794	1984	1994
Villages at Kirkwood	Stafford, TX	—		1,918	15,846	—		3,112	1,918	18,958	20,876	(9,286	)	11,590	1996	2004
Green Tree Place	Woodlands, TX	—	⁽²⁾	539	4,850	—		3,761	539	8,611	9,150	(6,160	)	2,990	1984	1994
Stonefield Commons	Charlottesville, VA	—		11,044	36,689	—		872	11,044	37,561	48,605	(4,500	)	44,105	2013	2014
Adalay Bay	Chesapeake, VA	—		5,280	31,341	—		3,176	5,280	34,517	39,797	(8,461	)	31,336	2002	2012
Colonial Village at Greenbrier	Fredericksburg, VA	—		4,842	21,677	—		1,614	4,842	23,291	28,133	(5,024	)	23,109	1980	2013
Seasons at Celebrate Virginia	Fredericksburg, VA	—		14,490	32,083	—		39,598	14,490	71,681	86,171	(13,240	)	72,931	2011	2011
Station Square at Cosner's Corner	Fredericksburg, VA	—		12,825	51,078	—		1,372	12,825	52,450	65,275	(6,508	)	58,767	2013/16	2013
Apartments at Cobblestone Square	Fredericksburg, VA	—		10,990	48,696	—		2,389	10,990	51,085	62,075	(5,428	)	56,647	2012	2016
Colonial Village at Hampton Glen	Glen Allen, VA	—		4,851	21,678	—		2,690	4,851	24,368	29,219	(5,628	)	23,591	1986	2013
Colonial Village at West End	Glen Allen, VA	—		4,661	18,908	—		2,763	4,661	21,671	26,332	(4,926	)	21,406	1987	2013
Township	Hampton, VA	—		1,509	8,189	—		8,439	1,509	16,628	18,137	(10,777	)	7,360	1987	1995
Colonial Village at Waterford	Midlothian, VA	—		6,733	29,221	—		3,903	6,733	33,124	39,857	(8,040	)	31,817	1989	2013
Ashley Park	Richmond, VA	—		4,761	13,365	—		1,934	4,761	15,299	20,060	(4,160	)	15,900	1988	2013
Colonial Village at Chase Gayton	Richmond, VA	—		6,021	29,004	—		3,340	6,021	32,344	38,365	(7,720	)	30,645	1984	2013
Hamptons at Hunton Park	Richmond, VA	—		4,930	35,598	—		5,430	4,930	41,028	45,958	(10,730	)	35,228	2003	2011
Retreat at West Creek	Richmond, VA	—		7,112	36,136	—		1,594	7,112	37,730	44,842	(3,594	)	41,248	2015	2015
Retreat at West Creek II	Richmond, VA	—		3,000	—	—		12,144	3,000	12,144	15,144	(555	)	14,589	2017	2015
Radius	Newport News, VA	—		5,040	36,481	—		2,393	5,040	38,874	43,914	(3,672	)	40,242	2012	2015
Post Carlyle Square	Washington D.C.	—		29,728	154,309	—		1,292	29,728	155,601	185,329	(12,256	)	173,073	2006/13	2016



					Initial Cost				Costs Capitalized Subsequent to Acquisition				Gross Amount carried as of December 31, 2018
Property	Location	Encumbrances			Land		Buildings and Fixtures		Land		Buildings and Fixtures		Land		Buildings and Fixtures		Total ⁽³⁾		Accumulated Depreciation ⁽⁴⁾			Net		Date of Construction	Date Acquired
Post Corners at Trinity Center	Washington D.C.	—			7,664		70,012		—		1,512		7,664		71,524		79,188		(5,641		)	73,547		1996	2016
Post Fallsgrove	Washington D.C.	—			17,524		58,896		—		1,828		17,524		60,724		78,248		(4,975		)	73,273		2003	2016
Post Park	Washington D.C.	—			5,355		79,842		—		936		5,355		80,778		86,133		(8,316		)	77,817		2010	2016
Post Pentagon Row	Washington D.C.	—			30,452		125,091		—		3,792		30,452		128,883		159,335		(10,510		)	148,825		2001	2016
Post Tysons Corner	Washington D.C.	—			30,776		82,021		—		1,689		30,776		83,710		114,486		(6,679		)	107,807		1990	2016
Total Residential Properties		180,979			1,816,760		9,932,878		5,279		1,555,397		1,822,039		11,488,753		13,310,792		(2,512,538		)	10,798,254
Colonial Promenade at Huntsville	Huntsville, AL	—			2,000		—		—		—		2,000		—		2,000		—			2,000		2017	2013
Allure in Buckhead	Atlanta, GA	—			867		3,465		—		263		867		3,728		4,595		(790		)	3,805		2012	2012
Highlands of West Village	Smyrna, GA	—			2,500		8,446		908		1,208		3,408		9,654		13,062		(1,388		)	11,674		2012	2014
The Denton	Kansas City, MO	—			700		4,439		—		442		700		4,881		5,581		(415		)	5,166		2014	2015
1225 South Church	Charlotte, NC	—			43		199		9		242		52		441		493		(122		)	371		2010	2010
Bella Casita at Las Colinas	Irving, TX	—		⁽²⁾	46		186		—		152		46		338		384		(88		)	296		2007	2010
Times Square at Craig Ranch	McKinney, TX	—			253		1,310		—		2,397		253		3,707		3,960		(608		)	3,352		2009	2010
Post Rocky Point	Tampa, FL	—			34		51		—		272		34		323		357		(50		)	307		1994-1996	2016
Post Training Facility	Atlanta, GA	—			1,092		968		—		—		1,092		968		2,060		(164		)	1,896		1999	2016
Post Riverside Office	Atlanta, GA	—			9,680		22,108		—		5,918		9,680		28,026		37,706		(2,980		)	34,726		1996	2016
Post Riverside Retail	Atlanta, GA	—			889		2,340		—		2,274		889		4,614		5,503		(306		)	5,197		1996	2016
Post Harbour Place	Tampa, FL	—			386		4,315		—		256		386		4,571		4,957		(398		)	4,559		1997	2016
Post Soho Square Retail	Tampa, FL	—			268		4,033		—		6		268		4,039		4,307		(454		)	3,853		2012	2016
Post Parkside Atlanta Retail	Atlanta, GA	—			426		1,089		—		2		426		1,091		1,517		(99		)	1,418		1999	2016
Post Uptown Place Retail	Charlotte, NC	—			319		1,144		—		11		319		1,155		1,474		(117		)	1,357		1998	2016
Post Uptown Leasing Center	Charlotte, NC	—			1,290		1,488		—		114		1,290		1,602		2,892		(118		)	2,774		1998	2016
Post Park Maryland Retail	Washington DC, MD	—			25		137		—		—		25		137		162		(10		)	152		2007	2016
Post South End Retail	Charlotte, NC	—			470		1,289		—		121		470		1,410		1,880		(143		)	1,737		2009	2016
Post Gateway Place Retail	Charlotte, NC	—			318		1,430		—		18		318		1,448		1,766		(161		)	1,605		2000	2016
Post Parkside at Wade Retail	Raleigh, NC	—			317		4,552		—		72		317		4,624		4,941		(522		)	4,419		2011	2016
Hue Retail	Raleigh, NC	—			—		2,129		—		56		—		2,185		2,185		(30		)	2,155		2010	2018
Post Parkside Orlando Retail	Orlando, FL	—			742		11,924		—		983		742		12,907		13,649		(1,105		)	12,544		1999	2016
Post Carlyle Square Retail	Washington DC, VA	—			1,048		7,930		—		39		1,048		7,969		9,017		(679		)	8,338		2006/16	2016
Post Coles Corner Retail	Dallas, TX	—			347		716		—		26		347		742		1,089		(79		)	1,010		1998	2016
Post Square Retail	Dallas, TX	—			1,581		5,982		—		149		1,581		6,131		7,712		(562		)	7,150		1996	2016
Post Worthington Retail	Dallas, TX	—			108		495		—		94		108		589		697		(39		)	658		1993/2008	2016
Post Heights Retail	Dallas, TX	—			1,066		3,314		—		75		1,066		3,389		4,455		(329		)	4,126		1997	2016
Post Eastside Retail	Dallas, TX	—			682		10,645		—		104		682		10,749		11,431		(966		)	10,465		2008	2016
Post Addison Circle Retail	Dallas, TX	—			448		21,386		—		1,195		448		22,581		23,029		(2,431		)	20,598		1998-2000	2016
Post Addison Circle Office	Dallas, TX	—			1,395		4,280		—		444		1,395		4,724		6,119		(641		)	5,478		1998-2000	2016
Post Sierra Frisco Bridges Retail	Dallas, TX	—			779		6,593		—		444		779		7,037		7,816		(659		)	7,157		2009	2016
Post Katy Trail Retail	Dallas, TX	—			465		4,883		—		27		465		4,910		5,375		(397		)	4,978		2010	2016
Post Midtown Square Retail	Houston, TX	—			1,327		16,005		—		89		1,327		16,094		17,421		(1,350		)	16,071		1999/2013	2016
Rise Condo Devel LP Retail	Houston, TX	—			—		2,280		—		1		—		2,281		2,281		(217		)	2,064		1999/2013	2016
Post Legacy Retail	Dallas, TX	—			150		3,334		—		202		150		3,536		3,686		(289		)	3,397		2000	2016
Post South Lamar Retail	Austin, TX	—			421		3,072		—		209		421		3,281		3,702		(291		)	3,411		2011	2016
Total Commercial Properties		—			32,482		167,957		917		17,905		33,399		185,862		219,261		(18,997		)	200,264
Post Parkside at Wade III	Raleigh, NC	—			2,200		—		—		6,134		2,200		6,134		8,334		—			8,334		N/A	2016
Post Sierra at Frisco Bridges II	Dallas, TX	—			6,100		—		—		7,290		6,100		7,290		13,390		—			13,390		N/A	2016
Sync 36 II	Denver, CO	—			5,090		—		—		6,595		5,090		6,595		11,685		—			11,685		N/A	2018
Total Active Development Properties		—			13,390		—		—		20,019		13,390		20,019		33,409		—			33,409
Total Properties		180,979			1,862,632		10,100,835		6,196		1,593,321		1,868,828		11,694,634		13,563,462		(2,531,535		)	11,031,927
Total Land Held for Future Developments		—			58,257		—		—		—		58,257		—		58,257		—			58,257		N/A	Various
Corporate Properties		—			—		—		—		35,088		—		35,088		35,088		(17,752		)	17,336		Various	Various
Total Other					58,257		—		—		35,088		58,257		35,088		93,345		(17,752		)	75,593
Total Real Estate Assets, net of Joint Ventures		$	180,979		$	1,920,889	$	10,100,835	$	6,196	$	1,628,409	$	1,927,085	$	11,729,722	$	13,656,807	$	(2,549,287	)	$	11,107,520


⁽¹⁾	Encumbered by a $172.1 million secured property mortgage, with a fixed interest rate of 4.44%, which matures on January 10, 2049.


⁽²⁾	Encumbered by a $123.2 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 $11.1 billion at December 31, 2018. 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 recognized 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 six months for the fair market value of residential leases.



Mid-America Apartment Communities, Inc. and Mid-America Apartments, L.P.
Schedule III - Real Estate and Accumulated Depreciation
Years ended December 31, 2018, 2017 and 2016
A summary of activity for real estate investments and accumulated depreciation is as follows (dollars in thousands):



	2018			2017			2016
Real estate investments:
Balance at beginning of year	$	13,292,039		$	12,972,170		$	8,215,768
Acquisitions ⁽¹⁾	130,187			127,710			4,961,140
Less: FMV of leases included in acquisitions	(796		)	(1,488		)	(51,588		)
Improvement and development	253,954			322,829			202,614
Assets held for sale	—			(5,321		)	—
Disposition of real estate assets ⁽²⁾	(18,577		)	(123,861		)	(355,764		)
Balance at end of year	$	13,656,807		$	13,292,039		$	12,972,170

Accumulated depreciation:
Balance at beginning of year	$	2,075,071		$	1,674,801		$	1,499,213
Depreciation	485,654			463,590			314,076
Assets held for sale	—			—			—
Disposition of real estate assets ⁽²⁾	(11,438		)	(63,320		)	(138,488		)
Balance at end of year	$	2,549,287		$	2,075,071		$	1,674,801

⁽¹⁾ Includes non-cash activity related to acquisitions.

⁽²⁾ Includes assets sold, casualty losses, and removal of certain fully depreciated assets.

See accompanying reports of independent registered public accounting firm.