XML 45 R24.htm IDEA: XBRL DOCUMENT v3.24.0.1
SCHEDULE III - REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
 12 Months Ended
Dec. 31, 2023
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, 2023
(Dollars in thousands)
Initial Cost to CompanyCosts Capitalized Subsequent to AcquisitionGross Amount At Which Carried at December 31, 2023Depreciation Life
DescriptionEncumbrancesLandBuildings and ImprovementsLandImprovementsLandBuildings and
Improvements		Total (a)Accumulated
Depreciation 		Date of
Construction		Date
Acquired
Commercial
Yonkers, NY.$— — $4,000 — $320 — $4,320 $4,320 $2,529 (b)Aug-200039 years
Multi-Family Residential
North Charleston, SC21,173 2,435 18,970 — 1,928 2,435 20,897 23,332 8,253 2010Oct-201230 years
Decatur, GA— 1,698 8,676 — 3,091 1,698 11,767 13,465 4,671 1954Nov-201230 years
Columbus, OH8,473 1,372 12,678 — 913 1,372 13,591 14,963 4,963 1999Nov-201330 years
Pensacola, FL— 2,758 25,192 — 2,051 2,758 27,243 30,001 8,616 2008Dec-201430 years
San Marcos, TX15,951 2,303 17,605 — 512 2,303 18,117 20,420 3,206 2014Oct-201930 years
LaGrange, GA— 832 21,969 — 1183 832 23,152 23,984 6,676 2009Nov-201530 years
Fredericksburg, VA25,486 7,540 33,196 — 1,552 7,540 34,748 42,288 7,511 2005Jul-201830 years
Nashville, TN52,000 6,172 77,532 — 1,088 6,172 78,620 84,792 7,167 2017Sept -202130 years
Greenville, SC26,392 4,033 34,052 — 761 4,033 34,813 38,846 3,023 1998Oct-202130 years
Nashville, TN37,680 9,679 29,114 — 2,435 9,679 31,549 41,228 2,545 1985Dec-202130 years
San Antonio, TX27,000 3,336 33,437 — 421 3,336 33,858 37,194 2,467 2018March-202230 years
Creve Coeur, MO29,700 5,466 30,826 — 250 5,466 31,076 36,542 2,148 2019April-202230 years
Tallahassee, FL21,078 3,398 27,167 — 482 3,398 27,649 31,047 1,858 1997May-202230 years
Huntsville, AL18,952 1,959 20,079 — 924 1,959 21,003 22,962 1,334 1992May-202230 years
Boerne, TX7,712 1,289 12,852 — 523 1,289 13,375 14,664 809 2008May-202230 years
Macon, GA10,045 2,866 16,423 — 148 2,866 16,571 19,437 977 1989June-202230 years
Southaven, MS26,701 3,646 45,554 — 1,335 3,646 46,889 50,535 2,855 2003July-202230 years
Southaven, MS29,300 3,847 46,452 — 1,612 3,847 48,064 51,911 2,947 2006July-202230 years
Wilmington, NC23,160 3,468 37,311 — 1,216 3,468 38,527 41,995 2,322 2003July-202230 years
Trussville, AL32,250 4,095 42,943 — 547 4,095 43,490 47,585 2,354 2007July-202230 years
Madison, AL14,769 2,054 22,023 — 747 2,054 22,770 24,824 1,268 1992Aug-202230 years
Total$427,822 $74,246 $618,051 $— $24,039 $74,246 $642,089 $716,335 $80,499 
Notes to the schedule:
(a)Total real estate properties$716,335 
Less: Accumulated depreciation
(80,499)
Net real estate properties$635,836 
(b)Information not readily obtainable.

A reconciliation of real estate properties is as follows:
20232022
Balance at beginning of year$651,603 $297,929 
Additions:
Acquisitions— 370,513 
Capital improvements9,643 6,295 
9,643 376,808 
Deductions:
Sales106 4,379 
Depreciation25,304 18,755 
25,410 23,134 
Balance at end of year$635,836 $651,603