Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2022

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

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure

				Initial Cost to				Cost		Gross Amount Carried
				Company				Capitalized		at Close of Period										Depreciable
						Building and		Subsequent to				Building and				Accumulated			Date	Life
Location		Encumbrances		Land		Improvements		Acquisition(2)		Land		Improvements		Total		Depreciation			Acquired	(Years)
LAND:
California	LAN003	$	-	$	28,464	$	2,836	$	(19,453)	$	9,011	$	2,836	$	11,847	$	2,908	(3)	2010	—
New Jersey	LAN006		-		43,300		-		36,355		79,655		-		79,655		1,255	(3)	2009	—
New Jersey	LAN007		-		3,992		-		11,241		15,233		-		15,233		-		2009	—
New Jersey	LAN008		-		111		5,954		2,719		2,830		5,954		8,784		-		2009	—
New York	LAN009		-		58,900		-		(32,600)		26,300		-		26,300		-		2011	—
New York	LAN011		-		4,600		-		-		4,600		-		4,600		-		2018	—
Virginia	LAN012		-		72,138		-		25,170		97,308		-		97,308		7,550	(3)	2009	—
Subtotal			-		211,505		8,790		23,432		234,937		8,790		243,727		11,713
RETAIL:
Illinois	RET004	$	-	$	-	$	336	$	98	$	-	$	434	$	434	$	63		2010	40.0
Subtotal			-		-		336		98		-		434		434		63
HOTEL:
New Jersey	HOT002	$	-	$	297	$	18,299	$	4,032	$	297	$	22,331	$	22,628	$	4,333		2019	40.0
New Jersey	HOT003		-		120		6,548		23		120		6,571		6,691		578		2019	40.0
New Jersey	HOT004		-		3,815		40,194		4,632		3,815		44,827		48,642		11,185		2016	40.0
Subtotal			-		4,232		65,041		8,687		4,232		73,729		77,961		16,096
APARTMENT/RESIDENTIAL
Virginia	APA005	$	-	$	264	$	616	$	(76)	$	264	$	540	$	804	$	-		2022	40.0
Virginia	APA006		-		267		622		(133)		267		489		756		-		2022	40.0
Virginia	APA007		-		267		622		(133)		267		489		756		-		2022	40.0
Virginia	APA008		-		266		620		(132)		266		487		753		-		2022	40.0
Virginia	APA009		-		147		344		(73)		147		271		418		-		2022	40.0
Virginia	APA010		-		147		344		-		146		344		490		-		2022	40.0
Subtotal		$	-	$	1,358	$	3,168	$	(547)	$	1,357	$	2,620	$	3,977	$	-
ENTERTAINMENT:
New Jersey	ENT060	$	-	$	750	$	10,670	$	855	$	750	$	11,525	$	12,275	$	1,586		2017	40.0
New York	ENT063		-		3,277		-		646		587		3,336		3,923		350		2013	40.0
Subtotal			-		4,027		10,670		1,501		1,337		14,861		16,198		1,936
TOTAL		$	-	$	221,122	$	88,005	$	33,171	$	241,863	$	100,434	$	342,297	$	29,808	(4)

(1) Includes impairments and unit sales.

(2) These properties have land improvements which have depreciable lives of 15 to 20 years.

(3) The aggregate cost for Federal income tax purposes was approximately $0.5 billion at December 31, 2022.

(4) Includes $11.7 million relating to accumulated depreciation for land and development assets as of December 31, 2022.

The following table reconciles real estate, excluding real estate classified as discontinued operations, from January 1, 2020 to December 31, 2022:

	2022		2021		2020
Balance at January 1	$	415,963	$	660,896	$	$ 817,382
Improvements and additions		21,430		24,691		32,142
Acquisitions through foreclosure		—		—		-
Other acquisitions		5,213		—		-
Dispositions		(86,137)		(268,945)		(182,838)
Impairments		(14,172)		(679)		(5,790)
Balance at December 31	$	342,297	$	415,963	$	660,896

The following table reconciles accumulated depreciation, excluding accumulated depreciation for real estate classified as discontinued operations, from January 1, 2020 to December 31, 2022:

	2022		2021		2020
Balance at January 1	$	(36,702)	$	(32,643)	$	(28,049)
Additions		(4,555)		(5,086)		(5,482)
Dispositions		11,449		1,027		888
Balance at December 31	$	(29,808)	$	(36,702)	$	(32,643)

The following table reconciles real estate classified as discontinued operations from January 1, 2020 to December 31, 2022:

	2022		2021		2020
Balance at January 1	$	1,537,655	$	1,542,101	$	1,547,031
Improvements and additions		—		2,578		21,764
Other acquisitions		—		42,177		—
Dispositions		(1,537,443)		(23,201)		(26,694)
Other		(212)		(26,000)		—
Balance at December 31	$	—	$	1,537,655	$	1,542,101

The following table reconciles accumulated depreciation classified as discontinued operations from January 1, 2020 to December 31, 2022:

	2022		2021		2020
Balance at January 1	$	(271,183)	$	(250,198)	$	(219,949)
Additions		—		(40,268)		(38,787)
Dispositions		271,183		8,224		8,538
Other		—		11,059		—
Balance at December 31	$	—	$	(271,183)	$	(250,198)