Schedule III - Real Estate And Accumulated Depreciation

12 Months Ended

Dec. 31, 2017

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

			Initial Cost (A)										Gross amount at which carried at end of period
PROPERTY NAME Location	Encumbrance		Land		Buildings and Improvements		Adjustments to Land Basis (B)			Adjustments to Basis (B)			Land and Improvements		Buildings and Improvements		Total (C)		Accumulated Depreciation (D,E)		Date of Completion of Construction or Date of Acquisition
BEAR CREEK VILLAGE CENTER Wildomar, CA	$	13,278	$	3,523	$	12,384	$	—		$	136		$	3,523	$	12,520	$	16,043	$	4,089	2009
BELLERIVE PLAZA Nicholasville, KY	6,464		2,400		7,749		(663		)	(4,645		)	1,737		3,104		4,841		132		2007
BENT TREE PLAZA Raleigh, NC	—		1,983		7,093		—			1,471			1,983		8,564		10,547		2,446		2009
BOYNTON COMMONS Miami, FL	—		11,400		17,315		—			769			11,400		18,084		29,484		5,116		2010
BROOKS CORNER San Antonio, TX	12,828		10,600		13,648		—			3,179			10,600		16,827		27,427		7,111		2006
BUCKHEAD CROSSING Atlanta, GA	—		7,565		27,104		—			692			7,565		27,796		35,361		8,772		2009
CAMPUS MARKETPLACE San Marcos, CA	41,000		26,928		43,445		—			—			26,928		43,445		70,373		1,556		2017
CARY PARK TOWN CENTER Cary, NC	—		5,555		17,280		—			—			5,555		17,280		22,835		264		2017
CENTERPLACE OF GREELEY Greeley, CO	14,363		3,904		14,715		—			304			3,904		15,019		18,923		5,114		2009
CHESAPEAKE COMMONS Chesapeake, VA	—		2,669		10,839		—			62			2,669		10,901		13,570		4,305		2007
CHEYENNE MEADOWS Colorado Springs, CO	—		2,023		6,991		—			399			2,023		7,390		9,413		2,477		2009
COWETA CROSSING Newnan, GA	—		1,143		4,590		—			(15		)	1,143		4,575		5,718		1,520		2009
CROSSROADS AT CHESAPEAKE SQUARE Chesapeake, VA	—		3,970		13,732		(296		)	1,789			3,674		15,521		19,195		6,377		2007

		Initial Cost (A)						Gross amount at which carried at end of period
PROPERTY NAME Location	Encumbrance	Land	Buildings and Improvements	Adjustments to Land Basis (B)		Adjustments to Basis (B)		Land and Improvements	Buildings and Improvements	Total (C)	Accumulated Depreciation (D,E)	Date of Completion of Construction or Date of Acquisition
CUSTER CREEK VILLAGE Richardson, TX	—	4,750	12,245	—		293		4,750	12,538	17,288	4,729	2007
ELDRIDGE TOWN CENTER Houston, TX	—	3,200	16,663	—		886		3,200	17,549	20,749	7,765	2005
GARDEN VILLAGE San Pedro, CA	—	3,188	16,522	—		139		3,188	16,661	19,849	5,219	2009
GATEWAY MARKET CENTER Tampa, FL	—	13,600	4,992	—		1,082		13,600	6,074	19,674	1,982	2010
GRAFTON COMMONS SHOPPING CENTER Grafton, WI	—	7,200	26,984	—		197		7,200	27,181	34,381	8,043	2009
HIRAM PAVILION Hiram, GA	—	4,600	16,832	—		2,892		4,600	19,724	24,324	5,819	2010
KYLE MARKETPLACE Kyle, TX	—	6,076	48,220	—		—		6,076	48,220	54,296	429	2017
LAKEPORT COMMONS Sioux City, IA	—	7,800	39,984	(628	)	(14,173	)	7,172	25,811	32,983	1,074	2007
MARKET AT MORSE / HAMILTON Columbus, OH	—	4,490	8,734	(907	)	(3,090	)	3,583	5,644	9,227	1,261	2007
MARKET AT WESTLAKE Westlake Hills, TX	—	1,200	6,274	(64	)	80		1,136	6,354	7,490	2,440	2007
MCKINNEY TOWN CENTER McKinney, TX	—	16,297	22,562	—		1,531		16,297	24,093	40,390	7,048	2007
NORTHCROSS COMMONS Charlotte, NC	—	7,591	21,303	—		4		7,591	21,307	28,898	945	2016

		Initial Cost (A)						Gross amount at which carried at end of period
PROPERTY NAME Location	Encumbrance	Land	Buildings and Improvements	Adjustments to Land Basis (B)		Adjustments to Basis (B)		Land and Improvements	Buildings and Improvements	Total (C)	Accumulated Depreciation (D,E)	Date of Completion of Construction or Date of Acquisition
NORTHWEST MARKETPLACE Houston, TX	—	3,870	30,340	(31	)	1,019		3,839	31,359	35,198	11,595	2007
OLD GROVE MARKETPLACE Oceanside, CA	—	12,545	8,902	—		30		12,545	8,932	21,477	459	2016
PARAISO PARC AND WESTFORK PLAZA Pembroke Pines, FL	—	28,267	124,020	—		—		28,267	124,020	152,287	3,528	2017
PARKWAY CENTRE NORTH Grove City, OH	16,100	5,580	18,636	—		2,174		5,580	20,810	26,390	8,237	2007
PAVILION AT LAQUINTA LaQuinta, CA	24,019	15,200	20,947	—		912		15,200	21,859	37,059	6,858	2009
PEACHLAND PROMENADE Port Charlotte, FL	—	1,742	6,502	(911	)	(3,637	)	831	2,865	3,696	120	2009
PLANTATION GROVE Ocoee, FL	7,300	3,705	6,300	—		486		3,705	6,786	10,491	953	2014
PLAZA MIDTOWN Atlanta, GL	—	5,295	23,946	—		—		5,295	23,946	29,241	267	2017
POPLIN PLACE Monroe, NC	—	6,100	27,790	—		1,059		6,100	28,849	34,949	9,709	2008
PROMENADE FULTONDALE Fultondale, AL	—	5,540	22,414	(1,022	)	165		4,518	22,579	27,097	7,097	2009
QUEBEC SQUARE Denver, CO	23,550	9,579	40,086	—		664		9,579	40,750	50,329	4,384	2014

		Initial Cost (A)						Gross amount at which carried at end of period
PROPERTY NAME Location	Encumbrance	Land	Buildings and Improvements	Adjustments to Land Basis (B)		Adjustments to Basis (B)		Land and Improvements	Buildings and Improvements	Total (C)	Accumulated Depreciation (D,E)	Date of Completion of Construction or Date of Acquisition
RENAISSANCE CENTER Durham, NC	15,481	26,713	96,141	—		2,160		26,713	98,301	125,014	6,233	2016
RIO PINOR PLAZA Orlando, FL	—	5,171	26,903	—		2		5,171	26,905	32,076	2,073	2015
RIVER OAKS SHOPPING CENTER Valencia, CA	—	24,598	88,418	—		—		24,598	88,418	113,016	1,008	2017
RIVERSTONE SHOPPING CENTER Missouri City, TX	18,350	12,000	26,395	—		539		12,000	26,934	38,934	10,256	2007
RIVERVIEW VILLAGE Arlington, TX	—	6,000	9,649	—		777		6,000	10,426	16,426	3,939	2007
RIVERWALK MARKET Flower Mound, TX	—	5,931	23,922	—		1		5,931	23,923	29,854	1,022	2016
ROSE CREEK Woodstock, GA	—	1,443	5,630	—		308		1,443	5,938	7,381	1,886	2009
SARASOTA PAVILION Sarasota, FL	—	12,000	25,823	—		998		12,000	26,821	38,821	7,636	2010
SCOFIELD CROSSING Austin, TX	—	8,100	4,992	(576	)	116		7,524	5,108	12,632	1,998	2007
SHERMAN TOWN CENTER Sherman, TX	—	4,850	49,273	—		648		4,850	49,921	54,771	19,733	2006
SHERMAN TOWN CENTER II Sherman, TX	—	3,000	14,805	—		(20	)	3,000	14,785	17,785	3,831	2010
SHOPS AT THE GALLERIA Austin, TX	—	52,104	75,651	—		—		52,104	75,651	127,755	4,849	2016
SIEGEN PLAZA East Baton Rouge, LA	16,600	9,340	20,251	—		2,547		9,340	22,798	32,138	7,340	2008

		Initial Cost (A)					Gross amount at which carried at end of period
PROPERTY NAME Location	Encumbrance	Land	Buildings and Improvements	Adjustments to Land Basis (B)	Adjustments to Basis (B)		Land and Improvements	Buildings and Improvements	Total (C)	Accumulated Depreciation (D,E)	Date of Completion of Construction or Date of Acquisition
SILVERLAKE Erlanger, KY	—	2,031	6,975	—	(10	)	2,031	6,965	8,996	2,421	2009
SONTERRA VILLAGE San Antonio, TX	—	5,150	15,095	—	273		5,150	15,368	20,518	1,077	2015
STEVENSON RANCH Stevenson Ranch, CA	—	29,519	39,190	—	—		29,519	39,190	68,709	2,441	2016
STONECREST MARKETPLACE Lithonia, GA	37,866	6,150	23,321	—	781		6,150	24,102	30,252	6,987	2010
STREETS OF CRANBERRY Cranberry Township, PA	—	4,300	20,215	—	8,529		4,300	28,744	33,044	10,499	2007
SUNCREST VILLAGE Orlando, FL	8,400	6,742	6,403	—	284		6,742	6,687	13,429	963	2014
SYCAMORE COMMONS Matthews, NC	—	12,500	31,265	—	1,402		12,500	32,667	45,167	10,338	2010
THE CENTER AT HUGH HOWELL Tucker, GA	—	2,250	11,091	—	806		2,250	11,897	14,147	4,762	2007
THE PARKE Cedar Park, TX	—	9,271	83,078	—	—		9,271	83,078	92,349	977	2017
THE POINTE AT CREEDMOOR Raleigh, NC	—	7,507	5,454	—	—		7,507	5,454	12,961	331	2016
THE SHOPS AT TOWN CENTER Germantown, MD	—	19,998	29,776	—	—		19,998	29,776	49,774	870	2017
THE SHOPS AT WALNUT CREEK Westminster, CO	28,630	10,132	44,089	—	1		10,132	44,090	54,222	4,398	2015
THOMAS CROSSROADS Newnan, GA	—	1,622	8,322	—	747		1,622	9,069	10,691	2,878	2009

			Initial Cost (A)								Gross amount at which carried at end of period
PROPERTY NAME Location	Encumbrance		Land		Buildings and Improvements		Adjustments to Land Basis (B)		Adjustments to Basis (B)		Land and Improvements		Buildings and Improvements		Total (C)		Accumulated Depreciation (D,E)		Date of Completion of Construction or Date of Acquisition
TOMBALL TOWN CENTER Tomball, TX	—		1,938		14,233		360		6,439		2,298		20,672		22,970		7,950		2005
TULSA HILLS SHOPPING CENTER Tulsa, OK	—		8,000		42,272		4,770		10,587		12,770		52,859		65,629		13,812		2010
UNIVERSITY OAKS SHOPPING CENTER Round Rock, TX	27,000		7,250		25,326		—		7,772		7,250		33,098		40,348		8,840		2010
WALDEN PARK SHOPPING CENTER Austin, TX	—		3,183		5,278		—		63		3,183		5,341		8,524		868		2013
WEST CREEK SHOPPING CENTER Austin, TX	—		5,151		8,659		—		10		5,151		8,669		13,820		1,371		2015
WESTPARK SHOPPING CENTER Glen Allen, VA	—		7,462		24,164		—		80		7,462		24,244		31,706		2,330		2013
WHITE OAK CROSSING Garner, NC	52,000		19,000		70,275		—		1,800		19,000		72,075		91,075		16,080		2011
WINDERMERE VILLAGE Houston, TX	—		1,220		6,331		—		1,203		1,220		7,534		8,754		3,273		2005
WINDWARD COMMONS Alpharetta, GA	—		12,823		13,779		—		42		12,823		13,821		26,644		678		2016
WOODBRIDGE Wylie, TX	—		—		—		9,509		39,824		9,509		39,824		49,333		10,860		2013
WOODLAKE CROSSING San Antonio, TX	7,575		3,419		14,152		—		3,475		3,419		17,627		21,046		5,149		2009
Total Corporate Assets	—		—		—		—		13,881		—		13,881		13,881		7,140		-
Total	$	370,804	$	618,946	$	1,784,679	$	9,541	$	102,919	$	628,487	$	1,887,598	$	2,516,085	$	348,337

Notes:

The Company had $4,975 of assets included in construction in progress at December 31, 2017, which have been omitted from the prior table. The aggregate cost of real estate owned at December 31, 2017 for Federal income tax purposes was approximately $2,814,722 (unaudited).

(A) The initial cost to the Company represents the original purchase price of the asset, including amounts incurred subsequent to acquisition which were contemplated at the time the property was acquired.

(B) Cost capitalized subsequent to acquisition includes additional tangible costs associated with investment properties, including any earnout of tenant space. Amount also includes impairment charges recorded subsequent to acquisition to reduce basis.

(C) Reconciliation of real estate owned:

	2017			2016			2015
Balance at January 1,	$	2,180,252		$	2,259,631		$	3,800,865
Acquisitions and capital improvements	598,843			497,646			484,776
Disposals and write-offs	(263,010		)	(534,458		)	(220,052		)
Properties classified as discontinued operations	—			(42,567		)	(1,805,958		)
Balance at December 31,	$	2,516,085		$	2,180,252		$	2,259,631

(D)    Reconciliation of accumulated depreciation:

	2017			2016			2015
Balance at January 1,	$	351,389		$	394,904		$	598,440
Depreciation expense, continuing operations	70,959			63,684			66,860
Depreciation expense, properties classified as discontinued operations	974			27,397			66,840
Accumulated depreciation expense, properties classified as discontinued operations	—			(2,601		)	(272,294		)
Disposal and write-offs	(74,985		)	(131,995		)	(64,942		)
Balance at December 31,	$	348,337		$	351,389		$	394,904

(E)    Depreciation is computed based upon the following estimated lives:

Buildings and improvements	30 years
Tenant improvements	Life of the lease
Furniture, fixtures and equipment	5	-	15 years