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SCHEDULE III - REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
12 Months Ended
Dec. 31, 2020
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
SCHEDULE III - REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
SCHEDULE III—REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2020
(Dollars in thousands)
Initial Cost to CompanyCosts Capitalized Subsequent to
Acquisition
Gross Amount At Which Carried at December 31, 2020Depreciation Life
DescriptionEncumbrancesLandBuildings and ImprovementsLandImprovementsCarrying
Costs
LandBuildings and
Improvements
Total (a)Accumulated
Depreciation
Date of
Construction
Date
Acquired
Commercial
Yonkers, NY. $1,038 — $4,000 — $320 — — $4,320 $4,320 $2,198 (b)Aug-200039 years
South Daytona, FL. — $10,437 — $49 — — $4,379 — 4,379 — N/AFeb-2008N/A
Multi-Family Residential
North Charleston, SC15,608 2,436 18,970 — 1,378 — 2,436 20,348 22,784 5,980 2010Oct-201230 years
Decatur, GA14,217 1,698 8,676 — 2,158 — 1,698 10,834 12,532 3,283 1954Nov-201230 years
Columbus, OH9,227 1,372 12,678 — 615 — 1,372 13,293 14,665 3,523 1999Nov-201330 years
Houston, TX14,380 2,268 15,811 — 288 — 2,268 16,099 18,367 1,474 1981Dec-201830 years
Pensacola, FL17,921 2,758 25,192 — 1180 — 2,758 26,372 29,130 5,705 2008Dec-201430 years
San Marcos, TX16,844 2,303 17,605 — 42 — 2,303 17,647 19,950 1,033 2014Oct-201930 years
LaGrange, GA14,259 832 21,969 — 579 — 832 22,548 23,380 4,230 2009Nov-1530 years
Fredericksburg, VA27,503 7,540 33,196 — 703 — 7,540 33,895 41,435 3,411 2005Jul-1830 years
Other assets— — — — — — — 86.00 87 87 
Total$130,997 $31,644 $158,097 $49 $7,263 $— $25,586 $165,443 $191,029 $30,837 
Notes to the schedule:
(a)Total real estate properties$191,029 
Less: Accumulated depreciation
(30,837)
Net real estate properties$160,192 
(b)Information not readily obtainable.

A reconciliation of real estate properties is as follows:
20202019
Balance at beginning of year$169,689 $176,942 
Additions:
Acquisitions— 19,907 
Capital improvements887 1,580 
887 21,487 
Deductions:
Sales— 22,824 
Depreciation6,742 5,916 
Impairment Charge3,642 — 
10,384 28,740 
Balance at end of year$160,192 $169,689