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Schedule III - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2019
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III - Real Estate and Accumulated Depreciation
Schedule III - Real Estate and Accumulated Depreciation
(dollars in thousands)
December 31, 2019
 
 
 
 
 
Initial Cost to Company
 
Cost Capitalized Subsequent to
Acquisition
 
Gross Amounts Carried at
Close of Period 12/31/19
 
 
 
 
 
 
 
 
 
 
Location
Number of Properties
 
Encumbrances
 
Land
 
Buildings and Improvements
 
Improvements
 
 
Land
 
Buildings and Improvements
 
Total (1)
 
Accumulated Depreciation
 
Year of Construction
 
Date Acquired
 
Weighted-Average Depreciable Life (in years)
Retail - Carrollton, TX
1

 
$
12,875

 
$
3,961

 
$
14,672

 
$
9

 
 
$
3,970

 
$
14,672

 
$
18,642

 
$
(3,007
)
 
1996
 
11/25/2015
 
38
Retail - Plano, TX
1

 
11,817

 
4,616

 
12,691

 
207

 
 
4,616

 
12,898

 
17,514

 
(2,967
)
 
1994
 
11/25/2015
 
38
Retail - Grapevine, TX
1

 
12,692

 
4,713

 
13,888

 
—

 
 
4,713

 
13,888

 
18,601

 
(2,644
)
 
1998
 
11/25/2015
 
38
Retail - Flower Mound, TX
1

 
13,085

 
4,963

 
14,477

 
51

 
 
4,963

 
14,528

 
19,491

 
(2,928
)
 
1999
 
11/25/2015
 
38
Retail - Grapevine, TX
1

 
9,797

 
3,932

 
9,972

 
17

 
 
3,932

 
9,989

 
13,921

 
(2,151
)
 
1994
 
11/25/2015
 
38
Retail - Flower Mound, TX
1

 
7,492

 
2,696

 
7,351

 
187

 
 
2,696

 
7,538

 
10,234

 
(2,205
)
 
1992
 
11/25/2015
 
38
Retail - Flower Mound, TX
1

 
8,929

 
3,571

 
8,280

 
219

 
 
3,571

 
8,499

 
12,070

 
(1,552
)
 
1996
 
11/25/2015
 
38
Retail - Plano, TX
1

 
4,638

 
1,459

 
4,533

 
32

 
 
1,459

 
4,565

 
6,024

 
(1,943
)
 
1995
 
11/25/2015
 
38
Retail - Largo, FL
1

 
12,750

 
4,973

 
12,812

 
309

 
 
4,973

 
13,121

 
18,094

 
(2,746
)
 
1988
 
8/14/2015
 
27
Retail - Grass Valley, CA
1

 
25,900

 
9,872

 
28,680

 
483

 
 
9,872

 
29,163

 
39,035

 
(7,039
)
 
1988
 
10/27/2015
 
25
Multifamily - Washington, DC
1

 
57,500

 
31,999

 
42,623

 
757

 
 
31,999

 
43,380

 
75,379

 
(6,871
)
 
1978, 2008
 
10/20/2015
 
28
Retail - Penfield, NY
1

 
23,558

 
4,121

 
22,413

 
1,480

 
 
4,122

 
23,892

 
28,014

 
(7,077
)
 
1957
 
11/10/2014
 
24
Retail - Orchard Park, NY
1

 
12,888

 
4,204

 
20,617

 
139

 
 
4,189

 
20,771

 
24,960

 
(4,813
)
 
1997, 2000
 
11/10/2014
 
32
Retail - Cheektowaga, NY
1

 
9,447

 
1,961

 
12,259

 
238

 
 
1,939

 
12,519

 
14,458

 
(2,879
)
 
1978
 
11/10/2014
 
25
Retail - Amherst, NY
1

 
8,270

 
2,131

 
9,740

 
342

 
 
2,132

 
10,081

 
12,213

 
(2,539
)
 
1986
 
11/10/2014
 
28
Retail - Ontario, NY
1

 
5,406

 
575

 
6,813

 
27

 
 
574

 
6,841

 
7,415

 
(1,980
)
 
1998
 
11/10/2014
 
31
Retail - Irondequoit, NY
1

 
15,000

 
2,438

 
14,684

 
607

 
 
2,438

 
15,291

 
17,729

 
(4,256
)
 
1972
 
11/10/2014
 
27
Retail - LeRoy, NY
1

 
3,492

 
374

 
4,922

 
405

 
 
343

 
5,358

 
5,701

 
(1,571
)
 
1997
 
11/10/2014
 
29
Retail - Jamestown, NY
1

 
7,356

 
820

 
4,915

 
—

 
 
820

 
4,915

 
5,735

 
(1,689
)
 
1997
 
11/10/2014
 
29
Retail - Warsaw, NY
1

 
3,415

 
407

 
4,117

 
7

 
 
407

 
4,124

 
4,531

 
(1,122
)
 
1998
 
11/10/2014
 
31
Retail - Chillicothe, OH
1

 
7,888

 
1,262

 
10,819

 
57

 
 
1,262

 
10,876

 
12,138

 
(2,534
)
 
1981, 1998
 
11/10/2014
 
26
Retail - Loganville, GA
1

 
7,230

 
3,217

 
8,386

 
511

 
 
3,217

 
8,897

 
12,114

 
(2,152
)
 
1996
 
11/10/2014
 
28
Retail - Chillicothe, OH
1

 
7,700

 
2,282

 
9,566

 
209

 
 
2,282

 
9,775

 
12,057

 
(2,084
)
 
1995
 
7/22/2015
 
25
Retail - Knoxville, TN
1

 
—

 
3,503

 
13,309

 
399

 
 
3,503

 
13,708

 
17,211

 
(2,538
)
 
2002
 
4/9/2014
 
34
Healthcare - Abingdon, VA
1

 
13,151

 
370

 
15,061

 
—

 
 
370

 
15,061

 
15,431

 
(647
)
 
2012
 
9/7/2018
 
44
Healthcare - Abingdon, VA
1

 
7,511

 
160

 
11,894

 
—

 
 
160

 
11,894

 
12,054

 
(627
)
 
2004
 
9/7/2018
 
36
Healthcare - Fredericksburg, VA
1

 
14,657

 
3,110

 
18,830

 
—

 
 
3,110

 
18,830

 
21,940

 
(970
)
 
1986
 
9/7/2018
 
18
Healthcare - Gainesville, VA
1

 
13,080

 
1,470

 
13,894

 
—

 
 
1,470

 
13,894

 
15,364

 
(676
)
 
2006
 
9/7/2018
 
38
Healthcare - Pennington Gap, VA
1

 
5,731

 
190

 
11,549

 
—

 
 
190

 
11,549

 
11,739

 
(637
)
 
2001
 
9/7/2018
 
33
Healthcare - Manassas, VA
1

 
13,154

 
2,040

 
14,041

 
—

 
 
2,040

 
14,041

 
16,081

 
(681
)
 
2006
 
9/7/2018
 
38
Healthcare - Radford, VA
1

 
6,690

 
370

 
12,623

 
—

 
 
370

 
12,623

 
12,993

 
(634
)
 
2002
 
9/7/2018
 
34
Healthcare - Hopewell, VA
1

 
8,536

 
560

 
12,181

 
—

 
 
560

 
12,181

 
12,741

 
(632
)
 
2005
 
9/7/2018
 
37
Healthcare - Clifton Forge, VA
1

 
2,192

 
710

 
5,368

 
—

 
 
710

 
5,368

 
6,078

 
(481
)
 
1986
 
9/7/2018
 
18
Healthcare - Allen, TX
1

 
9,000

 
800

 
10,858

 
—

 
 
800

 
10,858

 
11,658

 
(830
)
 
2000
 
9/7/2018
 
22
Healthcare - Frisco, TX
1

 
6,672

 
1,000

 
7,420

 
—

 
 
1,000

 
7,420

 
8,420

 
(473
)
 
1999
 
9/7/2018
 
31
Healthcare - Garland, TX
1

 
9,155

 
740

 
10,705

 
—

 
 
740

 
10,705

 
11,445

 
(572
)
 
2004
 
9/7/2018
 
36
Healthcare - Denison, TX
1

 
4,306

 
650

 
6,527

 
—

 
 
650

 
6,527

 
7,177

 
(616
)
 
1992
 
9/7/2018
 
19
Healthcare - Lewisville, TX
1

 
4,034

 
870

 
7,020

 
—

 
 
870

 
7,020

 
7,890

 
(507
)
 
2004
 
9/7/2018
 
26
Healthcare - Kaukauna, WI
1

 
7,797

 
240

 
8,904

 
—

 
 
240

 
8,904

 
9,144

 
(455
)
 
2009, 2013
 
9/7/2018
 
34
Healthcare - Mankato, MN
1

 
7,487

 
660

 
9,040

 
—

 
 
660

 
9,040

 
9,700

 
(633
)
 
2004
 
9/7/2018
 
21
Healthcare - Mankato, MN
1

 
5,789

 
410

 
6,618

 
—

 
 
410

 
6,618

 
7,028

 
(330
)
 
2014
 
9/7/2018
 
31
Healthcare - St. George, UT
1

 
9,706

 
1,050

 
13,422

 
—

 
 
1,050

 
13,422

 
14,472

 
(588
)
 
2014
 
9/7/2018
 
36
Healthcare - St. George, UT
1

 
7,096

 
690

 
7,670

 
—

 
 
690

 
7,670

 
8,360

 
(380
)
 
2011
 
9/7/2018
 
33
Healthcare - Covington, LA
1

 
16,548

 
410

 
19,216

 
261

 
 
410

 
19,477

 
19,887

 
(986
)
 
2009
 
9/7/2018
 
31
Healthcare - Blue Ridge, GA
1

 
12,889

 
630

 
15,576

 
3,117

 
 
630

 
18,693

 
19,323

 
(784
)
 
2016
 
9/7/2018
 
38
Healthcare - Mission, KS
1

 
16,325

 
600

 
21,501

 
47

 
 
598

 
21,550

 
22,148

 
(1,106
)
 
2015
 
9/7/2018
 
32
 
46

 
$
490,631

 
$
121,780

 
$
572,457

 
$
10,117

 
 
$
121,720

 
$
582,634

 
$
704,354

 
$
(87,532
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
The aggregate cost of land, buildings and improvements, before depreciation, for Federal income tax purposes at December 31, 2019 was $735.1 million (unaudited).

The following table presents our real estate activity during the periods presented: 
 
2019
 
2018
 
2017
Real Estate
(dollars in thousands)
Beginning balance
$
721,664

 
$
441,971

 
$
448,620

Acquisitions and improvements
5,811

 
279,693

 
1,231

Property sold
(23,121
)
 
—

 
(7,880
)
Ending balance
$
704,354

 
$
721,664

 
$
441,971

Accumulated Depreciation
 
Beginning balance
$
67,026

 
$
48,920

 
$
34,221

Property sold
(3,166
)
 
—

 
(1,052
)
Depreciation
23,672

 
18,106

 
15,751

Ending balance
$
87,532

 
$
67,026

 
$
48,920