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Schedule III - Consolidated Real Estate Investments and Accumulated Depreciation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2017
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     $ 307,412
Land     197,777
Building and Improvements     289,145
Cost Capitalized Subsequent to Acquisition     507,516
Land     197,777
Building and improvements     796,660
Total     994,437
Accumulated Depreciation $ 139,553 $ 125,380 164,521
Net Carrying Amount     829,916
Amount of real estate for federal income tax purposes     698,100
Real estate investments      
Balance at beginning of the year 908,287 633,591  
Construction costs and improvements 84,142 56,630  
Acquisitions 12,760 248,987  
Dispositions (10,146) (30,467)  
Reclassifications (606) (454)  
Balance at end of the year 994,437 908,287  
Accumulated Depreciation      
Balance at beginning of the year 139,553 125,380  
Dispositions (1,006) (352)  
Reclassifications 0 (8,928)  
Depreciation 25,974 23,453  
Balance at end of the year $ 164,521 $ 139,553  
Buildings      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Estimated useful lives 39 years    
Capital improvements | Minimum      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Estimated useful lives 15 years    
Capital improvements | Maximum      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Estimated useful lives 20 years    
Equipment | Minimum      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Estimated useful lives 5 years    
Equipment | Maximum      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Estimated useful lives 15 years    
Office      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     32,034
Land     3,971
Building and Improvements     10,269
Cost Capitalized Subsequent to Acquisition     131,361
Land     3,971
Building and improvements     141,630
Total     145,601
Accumulated Depreciation $ 51,268   51,268
Net Carrying Amount     94,333
Accumulated Depreciation      
Balance at end of the year 51,268    
Office | 4525 Main Street      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     32,034
Land     982
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     45,338
Land     982
Building and improvements     45,338
Total     46,320
Accumulated Depreciation 4,422   4,422
Net Carrying Amount     41,898
Accumulated Depreciation      
Balance at end of the year 4,422    
Office | Armada Hoffler Tower      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     1,976
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     57,887
Land     1,976
Building and improvements     57,887
Total     59,863
Accumulated Depreciation 29,625   29,625
Net Carrying Amount     30,238
Accumulated Depreciation      
Balance at end of the year 29,625    
Office | One Columbus      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     960
Building and Improvements     10,269
Cost Capitalized Subsequent to Acquisition     8,772
Land     960
Building and improvements     19,041
Total     20,001
Accumulated Depreciation 10,280   10,280
Net Carrying Amount     9,721
Accumulated Depreciation      
Balance at end of the year 10,280    
Office | Two Columbus      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     53
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     19,364
Land     53
Building and improvements     19,364
Total     19,417
Accumulated Depreciation 6,941   6,941
Net Carrying Amount     12,476
Accumulated Depreciation      
Balance at end of the year 6,941    
Retail      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     118,668
Land     166,056
Building and Improvements     220,277
Cost Capitalized Subsequent to Acquisition     158,918
Land     166,056
Building and improvements     379,195
Total     545,251
Accumulated Depreciation 77,680   77,680
Net Carrying Amount     467,571
Accumulated Depreciation      
Balance at end of the year 77,680    
Retail | 249 Central Park Retail      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     16,851
Land     712
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     15,108
Land     712
Building and improvements     15,108
Total     15,820
Accumulated Depreciation 8,228   8,228
Net Carrying Amount     7,592
Accumulated Depreciation      
Balance at end of the year 8,228    
Retail | Alexander Pointe      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     4,050
Building and Improvements     4,880
Cost Capitalized Subsequent to Acquisition     58
Land     4,050
Building and improvements     4,938
Total     8,988
Accumulated Depreciation 466   466
Net Carrying Amount     8,522
Accumulated Depreciation      
Balance at end of the year 466    
Retail | Bermuda Crossroads      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     5,450
Building and Improvements     10,641
Cost Capitalized Subsequent to Acquisition     1,053
Land     5,450
Building and improvements     11,694
Total     17,144
Accumulated Depreciation 2,183   2,183
Net Carrying Amount     14,961
Accumulated Depreciation      
Balance at end of the year 2,183    
Retail | Broad Creek Shopping Center      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     0
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     15,945
Land     0
Building and improvements     15,945
Total     15,945
Accumulated Depreciation 9,010   9,010
Net Carrying Amount     6,935
Accumulated Depreciation      
Balance at end of the year 9,010    
Retail | Broadmoor Plaza      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     2,410
Building and Improvements     9,010
Cost Capitalized Subsequent to Acquisition     346
Land     2,410
Building and improvements     9,356
Total     11,766
Accumulated Depreciation 881   881
Net Carrying Amount     10,885
Accumulated Depreciation      
Balance at end of the year 881    
Retail | Town Center Phase VI      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     117
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     2,213
Land     117
Building and improvements     2,213
Total     2,330
Accumulated Depreciation 88   88
Net Carrying Amount     2,242
Accumulated Depreciation      
Balance at end of the year 88    
Retail | Columbus Village      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     8,298
Land     7,631
Building and Improvements     10,135
Cost Capitalized Subsequent to Acquisition     9
Land     7,631
Building and improvements     10,144
Total     17,775
Accumulated Depreciation 732   732
Net Carrying Amount     17,043
Accumulated Depreciation      
Balance at end of the year 732    
Retail | Columbus Village II      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     14,536
Building and Improvements     10,922
Cost Capitalized Subsequent to Acquisition     23
Land     14,536
Building and improvements     10,945
Total     25,481
Accumulated Depreciation 520   520
Net Carrying Amount     24,961
Accumulated Depreciation      
Balance at end of the year 520    
Retail | Commerce Street Retail      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     118
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     3,220
Land     118
Building and improvements     3,220
Total     3,338
Accumulated Depreciation 1,342   1,342
Net Carrying Amount     1,996
Accumulated Depreciation      
Balance at end of the year 1,342    
Retail | Courthouse 7-Eleven      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     1,007
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     1,043
Land     1,007
Building and improvements     1,043
Total     2,050
Accumulated Depreciation 163   163
Net Carrying Amount     1,887
Accumulated Depreciation      
Balance at end of the year 163    
Retail | Dick’s at Town Center      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     67
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     10,572
Land     67
Building and improvements     10,572
Total     10,639
Accumulated Depreciation 3,920   3,920
Net Carrying Amount     6,719
Accumulated Depreciation      
Balance at end of the year 3,920    
Retail | Dimmock Square      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     5,100
Building and Improvements     13,126
Cost Capitalized Subsequent to Acquisition     188
Land     5,100
Building and improvements     13,314
Total     18,414
Accumulated Depreciation 1,254   1,254
Net Carrying Amount     17,160
Accumulated Depreciation      
Balance at end of the year 1,254    
Retail | Fountain Plaza Retail      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     10,145
Land     425
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     7,135
Land     425
Building and improvements     7,135
Total     7,560
Accumulated Depreciation 3,154   3,154
Net Carrying Amount     4,406
Accumulated Depreciation      
Balance at end of the year 3,154    
Retail | Gainsborough Square      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     2,229
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     7,182
Land     2,229
Building and improvements     7,182
Total     9,411
Accumulated Depreciation 3,206   3,206
Net Carrying Amount     6,205
Accumulated Depreciation      
Balance at end of the year 3,206    
Retail | Greentree Shopping Center      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     1,103
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     4,018
Land     1,103
Building and improvements     4,018
Total     5,121
Accumulated Depreciation 513   513
Net Carrying Amount     4,608
Accumulated Depreciation      
Balance at end of the year 513    
Retail | Hanbury Village      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     19,503
Land     3,793
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     19,342
Land     3,793
Building and improvements     19,342
Total     23,135
Accumulated Depreciation 6,344   6,344
Net Carrying Amount     16,791
Accumulated Depreciation      
Balance at end of the year 6,344    
Retail | Harper Hill Commons      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     2,840
Building and Improvements     8,510
Cost Capitalized Subsequent to Acquisition     93
Land     2,840
Building and improvements     8,603
Total     11,443
Accumulated Depreciation 608   608
Net Carrying Amount     10,835
Accumulated Depreciation      
Balance at end of the year 608    
Retail | Harrisonburg Regal      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     1,554
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     4,148
Land     1,554
Building and improvements     4,148
Total     5,702
Accumulated Depreciation 1,989   1,989
Net Carrying Amount     3,713
Accumulated Depreciation      
Balance at end of the year 1,989    
Retail | Lightfoot Marketplace      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     10,500
Land     7,628
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     14,714
Land     7,628
Building and improvements     14,714
Total     22,342
Accumulated Depreciation 794   794
Net Carrying Amount     21,548
Accumulated Depreciation      
Balance at end of the year 794    
Retail | North Hampton Market      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     7,250
Building and Improvements     10,210
Cost Capitalized Subsequent to Acquisition     401
Land     7,250
Building and improvements     10,611
Total     17,861
Accumulated Depreciation 953   953
Net Carrying Amount     16,908
Accumulated Depreciation      
Balance at end of the year 953    
Retail | North Point Center      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     12,030
Land     1,936
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     25,417
Land     1,936
Building and improvements     25,417
Total     27,353
Accumulated Depreciation 12,652   12,652
Net Carrying Amount     14,701
Accumulated Depreciation      
Balance at end of the year 12,652    
Retail | Oakland Marketplace      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     1,850
Building and Improvements     3,370
Cost Capitalized Subsequent to Acquisition     26
Land     1,850
Building and improvements     3,396
Total     5,246
Accumulated Depreciation 584   584
Net Carrying Amount     4,662
Accumulated Depreciation      
Balance at end of the year 584    
Retail | Parkway Marketplace      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     1,150
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     3,664
Land     1,150
Building and improvements     3,664
Total     4,814
Accumulated Depreciation 1,776   1,776
Net Carrying Amount     3,038
Accumulated Depreciation      
Balance at end of the year 1,776    
Retail | Patterson Place      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     15,059
Building and Improvements     20,180
Cost Capitalized Subsequent to Acquisition     231
Land     15,059
Building and improvements     20,411
Total     35,470
Accumulated Depreciation 1,353   1,353
Net Carrying Amount     34,117
Accumulated Depreciation      
Balance at end of the year 1,353    
Retail | Perry Hall Marketplace      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     3,240
Building and Improvements     8,316
Cost Capitalized Subsequent to Acquisition     383
Land     3,240
Building and improvements     8,699
Total     11,939
Accumulated Depreciation 872   872
Net Carrying Amount     11,067
Accumulated Depreciation      
Balance at end of the year 872    
Retail | Providence Plaza      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     9,950
Building and Improvements     12,369
Cost Capitalized Subsequent to Acquisition     670
Land     9,950
Building and improvements     13,039
Total     22,989
Accumulated Depreciation 937   937
Net Carrying Amount     22,052
Accumulated Depreciation      
Balance at end of the year 937    
Retail | Renaissance Place      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     6,730
Building and Improvements     8,439
Cost Capitalized Subsequent to Acquisition     89
Land     6,730
Building and improvements     8,528
Total     15,258
Accumulated Depreciation 335   335
Net Carrying Amount     14,923
Accumulated Depreciation      
Balance at end of the year 335    
Retail | Sandbridge Commons      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     8,468
Land     4,825
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     7,285
Land     4,825
Building and improvements     7,285
Total     12,110
Accumulated Depreciation 839   839
Net Carrying Amount     11,271
Accumulated Depreciation      
Balance at end of the year 839    
Retail | Socastee Commons      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     4,771
Land     2,320
Building and Improvements     5,380
Cost Capitalized Subsequent to Acquisition     121
Land     2,320
Building and improvements     5,501
Total     7,821
Accumulated Depreciation 530   530
Net Carrying Amount     7,291
Accumulated Depreciation      
Balance at end of the year 530    
Retail | South Retail      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     7,394
Land     190
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     7,635
Land     190
Building and improvements     7,635
Total     7,825
Accumulated Depreciation 3,964   3,964
Net Carrying Amount     3,861
Accumulated Depreciation      
Balance at end of the year 3,964    
Retail | South Square      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     14,130
Building and Improvements     12,670
Cost Capitalized Subsequent to Acquisition     164
Land     14,130
Building and improvements     12,834
Total     26,964
Accumulated Depreciation 953   953
Net Carrying Amount     26,011
Accumulated Depreciation      
Balance at end of the year 953    
Retail | Southgate Square      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     20,708
Land     8,890
Building and Improvements     25,950
Cost Capitalized Subsequent to Acquisition     249
Land     8,890
Building and improvements     26,199
Total     35,089
Accumulated Depreciation 1,467   1,467
Net Carrying Amount     33,622
Accumulated Depreciation      
Balance at end of the year 1,467    
Retail | Southshore Shops      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     1,770
Building and Improvements     6,509
Cost Capitalized Subsequent to Acquisition     16
Land     1,770
Building and improvements     6,525
Total     8,295
Accumulated Depreciation 289   289
Net Carrying Amount     8,006
Accumulated Depreciation      
Balance at end of the year 289    
Retail | Stone House Square      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     6,360
Building and Improvements     16,350
Cost Capitalized Subsequent to Acquisition     277
Land     6,360
Building and improvements     16,627
Total     22,987
Accumulated Depreciation 1,548   1,548
Net Carrying Amount     21,439
Accumulated Depreciation      
Balance at end of the year 1,548    
Retail | Studio 56 Retail      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     76
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     2,475
Land     76
Building and improvements     2,475
Total     2,551
Accumulated Depreciation 825   825
Net Carrying Amount     1,726
Accumulated Depreciation      
Balance at end of the year 825    
Retail | Tyre Neck Harris Teeter      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     0
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     3,306
Land     0
Building and improvements     3,306
Total     3,306
Accumulated Depreciation 923   923
Net Carrying Amount     2,383
Accumulated Depreciation      
Balance at end of the year 923    
Retail | Waynesboro Commons      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     1,300
Building and Improvements     1,610
Cost Capitalized Subsequent to Acquisition     47
Land     1,300
Building and improvements     1,657
Total     2,957
Accumulated Depreciation 385   385
Net Carrying Amount     2,572
Accumulated Depreciation      
Balance at end of the year 385    
Retail | Wendover Village      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     18,260
Building and Improvements     21,700
Cost Capitalized Subsequent to Acquisition     52
Land     18,260
Building and improvements     21,752
Total     40,012
Accumulated Depreciation 1,100   1,100
Net Carrying Amount     38,912
Accumulated Depreciation      
Balance at end of the year 1,100    
Multifamily residential real estate      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     156,710
Land     27,070
Building and Improvements     58,599
Cost Capitalized Subsequent to Acquisition     217,237
Land     27,070
Building and improvements     275,835
Total     302,905
Accumulated Depreciation 35,573   35,573
Net Carrying Amount     267,332
Accumulated Depreciation      
Balance at end of the year 35,573    
Multifamily residential real estate | Encore Apartments      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     24,966
Land     1,293
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     30,183
Land     1,293
Building and improvements     30,183
Total     31,476
Accumulated Depreciation 3,033   3,033
Net Carrying Amount     28,443
Accumulated Depreciation      
Balance at end of the year 3,033    
Multifamily residential real estate | Harding Place      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     3,874
Land     5,706
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     22,997
Land     5,706
Building and improvements     22,997
Total     28,703
Accumulated Depreciation 0   0
Net Carrying Amount     28,703
Accumulated Depreciation      
Balance at end of the year 0    
Multifamily residential real estate | Johns Hopkins Village      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     46,698
Land     0
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     69,229
Land     0
Building and improvements     69,229
Total     69,229
Accumulated Depreciation 3,107   3,107
Net Carrying Amount     66,122
Accumulated Depreciation      
Balance at end of the year 3,107    
Multifamily residential real estate | 595 King Street      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     7,276
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     5,452
Land     7,276
Building and improvements     5,452
Total     12,728
Accumulated Depreciation 0   0
Net Carrying Amount     12,728
Accumulated Depreciation      
Balance at end of the year 0    
Multifamily residential real estate | Liberty Apartments      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     14,694
Land     3,580
Building and Improvements     23,494
Cost Capitalized Subsequent to Acquisition     1,407
Land     3,580
Building and improvements     24,900
Total     28,480
Accumulated Depreciation 3,456   3,456
Net Carrying Amount     25,024
Accumulated Depreciation      
Balance at end of the year 3,456    
Multifamily residential real estate | 530 Meeting Street      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     7,265
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     6,372
Land     7,265
Building and improvements     6,372
Total     13,637
Accumulated Depreciation 0   0
Net Carrying Amount     13,637
Accumulated Depreciation      
Balance at end of the year 0    
Multifamily residential real estate | Smith’s Landing      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     19,764
Land     0
Building and Improvements     35,105
Cost Capitalized Subsequent to Acquisition     1,765
Land     0
Building and improvements     36,870
Total     36,870
Accumulated Depreciation 5,613   5,613
Net Carrying Amount     31,257
Accumulated Depreciation      
Balance at end of the year 5,613    
Multifamily residential real estate | The Cosmopolitan      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     45,209
Land     985
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     57,504
Land     985
Building and improvements     57,504
Total     58,489
Accumulated Depreciation 20,364   20,364
Net Carrying Amount     38,125
Accumulated Depreciation      
Balance at end of the year 20,364    
Multifamily residential real estate | Town Center Phase VI      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     1,505
Land     965
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     22,328
Land     965
Building and improvements     22,328
Total     23,293
Accumulated Depreciation 0   0
Net Carrying Amount     23,293
Accumulated Depreciation      
Balance at end of the year 0    
Held for development      
SEC Schedule III, Real Estate and Accumulated Depreciation      
Encumbrances     0
Land     680
Building and Improvements     0
Cost Capitalized Subsequent to Acquisition     0
Land     680
Building and improvements     0
Total     680
Accumulated Depreciation 0   0
Net Carrying Amount     $ 680
Accumulated Depreciation      
Balance at end of the year $ 0