SCHEDULE III - REAL ESTATE OPERATING PROPERTIES AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2015

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

SCHEDULE III - REAL ESTATE OPERATING PROPERTIES AND ACCUMULATED DEPRECIATION

Strategic Realty Trust, Inc. and Subsidiaries

SCHEDULE III — REAL ESTATE OPERATING PROPERTIES AND ACCUMULATED

DEPRECIATION

December 31, 2015

																		Life on
																		which
																		Depreciation
																		in Latest
									Gross Amount at Which Carried at Close of									Statement of
			Initial Cost to Company				Cost Capitalized		Period									Operations
					Building &		Subsequent to				Building &				Accumulated		Acquisition	is Computed
	Encumbrances		Land		Improvements		Acquisition ⁽¹⁾		Land		Improvements		Total ⁽²⁾		Depreciation		Date	⁽³⁾
Pinehurst Square East	$	-	$	3,270,000	$	10,450,000	$	320,000	$	3,270,000	$	10,770,000	$	14,040,000		(1,743,000)	5/26/2011		5 - 30
Cochran Bypass		1,513,000		776,000		1,480,000		30,000		776,000		1,510,000		2,286,000		(372,000)	7/14/2011		5 - 30
Topaz Marketplace		-		2,120,000		10,724,000		(1,553,000)		1,900,000		9,391,000		11,291,000		(1,133,000)	9/23/2011		5 - 30
Morningside Marketplace		8,629,000		6,515,000		9,936,000		(5,403,000)		2,339,000		8,709,000		11,048,000		(1,399,000)	1/9/2012		5 - 30
Woodland West Marketplace		9,690,000		2,376,000		10,494,000		463,000		2,448,000		10,885,000		13,333,000		(1,903,000)	2/3/2012		5 - 30
Ensenada Square		2,992,000		1,015,000		3,822,000		235,000		1,015,000		4,057,000		5,072,000		(741,000)	2/27/2012		5 - 30
Shops at Turkey Creek		2,708,000		1,416,000		2,398,000		(132,000)		1,416,000		2,266,000		3,682,000		(296,000)	3/12/2012		5 - 30
Florissant Marketplace		8,859,000		2,817,000		12,273,000		(27,000)		2,817,000		12,246,000		15,063,000		(2,481,000)	5/16/2012		5 - 30
Total	$	34,391,000	$	20,305,000	$	61,577,000	$	(6,067,000)	$	15,981,000	$	59,834,000	$	75,815,000	$	(10,068,000)

⁽¹⁾

The cost capitalized subsequent to acquisition may include negative balances resulting from the write-off and impairment of real estate assets, and parcel sales.

⁽²⁾

The aggregate net tax basis of land and buildings for federal income tax purposes is $68,374,665.

⁽³⁾

Buildings and building improvements are depreciated over their useful lives as shown. Tenant improvements are amortized over the life of the related lease, which with our current portfolio can vary from 1 year to over 30 years.

	For the Years Ended December 31,
	2015		2014
Real Estate:
Balance at the beginning of the year	$	166,005,000	$	174,135,000
Acquisitions		-		-
Improvements		472,000		1,356,000
Dispositions		(80,754,000)		(22,613,000)
Impairment		-		(3,900,000)
Balances associated with changes in reporting presentation ⁽¹⁾		(9,908,000)		17,027,000
Balance at the end of the year	$	75,815,000	$	166,005,000

Accumulated Depreciation:
Balance at the beginning of the year	$	16,717,000	$	12,009,000
Depreciation expense		3,502,000		5,546,000
Dispositions		(9,260,000)		(839,000)
Balances associated with changes in reporting presentation ⁽¹⁾		(891,000)		1,000
Balance at the end of the year	$	10,068,000	$	16,717,000

⁽¹⁾

The balances associated with changes in reporting presentation represent real estate and accumulated depreciation reclassified as assets held for sale.