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Schedule III - Consolidated Real Estate Investments and Accumulated Depreciation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances $ 612,132  
Land 296,324  
Building and Improvements 817,582  
Cost Capitalized Subsequent to Acquisition 829,669  
Land 296,324  
Building and improvements 1,647,251  
Total 1,943,575  
Accumulated Depreciation 329,963 $ 285,814
Net Carrying Amount 1,613,612  
Amount of real estate for federal income tax purposes 1,464,500  
Real estate investments    
Balance at beginning of the year 1,737,438 1,757,917
Construction costs and improvements 93,467 86,325
Acquisitions 242,423 83,723
Dispositions (129,342) (83,848)
Reclassifications (411) (106,679)
Balance at end of the year 1,943,575 1,737,438
Accumulated Depreciation    
Balance at beginning of the year 285,814 253,965
Dispositions (10,396) (14,809)
Reclassifications 0 (5,010)
Depreciation 54,545 51,668
Balance at end of the year $ 329,963 $ 285,814
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 5 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 3 years  
Equipment | Maximum    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Estimated useful lives 7 years  
Office    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances $ 275,112  
Land 44,190  
Building and Improvements 280,103  
Cost Capitalized Subsequent to Acquisition 293,901  
Land 44,190  
Building and improvements 574,004  
Total 618,194  
Accumulated Depreciation 107,760  
Net Carrying Amount 510,434  
Accumulated Depreciation    
Balance at end of the year 107,760  
Office | 4525 Main Street    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 30,785  
Land 982  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 46,959  
Land 982  
Building and improvements 46,959  
Total 47,941  
Accumulated Depreciation 13,831  
Net Carrying Amount 34,110  
Accumulated Depreciation    
Balance at end of the year 13,831  
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 70,034  
Land 1,976  
Building and improvements 70,034  
Total 72,010  
Accumulated Depreciation 43,265  
Net Carrying Amount 28,745  
Accumulated Depreciation    
Balance at end of the year 43,265  
Office | Brooks Crossing Office    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 295  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 19,509  
Land 295  
Building and improvements 19,509  
Total 19,804  
Accumulated Depreciation 2,456  
Net Carrying Amount 17,348  
Accumulated Depreciation    
Balance at end of the year 2,456  
Office | Constellation Office    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 175,000  
Land 21,152  
Building and Improvements 176,943  
Cost Capitalized Subsequent to Acquisition 1,692  
Land 21,152  
Building and improvements 178,635  
Total 199,787  
Accumulated Depreciation 4,583  
Net Carrying Amount 195,204  
Accumulated Depreciation    
Balance at end of the year 4,583  
Office | One City Center    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 2,911  
Building and Improvements 28,202  
Cost Capitalized Subsequent to Acquisition 6,302  
Land 2,911  
Building and improvements 34,504  
Total 37,415  
Accumulated Depreciation 3,978  
Net Carrying Amount 33,437  
Accumulated Depreciation    
Balance at end of the year 3,978  
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 14,907  
Land 960  
Building and improvements 25,176  
Total 26,136  
Accumulated Depreciation 14,929  
Net Carrying Amount 11,207  
Accumulated Depreciation    
Balance at end of the year 14,929  
Office | Thames Street Wharf    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 69,327  
Land 15,861  
Building and Improvements 64,689  
Cost Capitalized Subsequent to Acquisition 577  
Land 15,861  
Building and improvements 65,266  
Total 81,127  
Accumulated Depreciation 5,957  
Net Carrying Amount 75,170  
Accumulated Depreciation    
Balance at end of the year 5,957  
Office | Two Columbus    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 53  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 21,739  
Land 53  
Building and improvements 21,739  
Total 21,792  
Accumulated Depreciation 10,951  
Net Carrying Amount 10,841  
Accumulated Depreciation    
Balance at end of the year 10,951  
Office | Wills Wharf    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 0  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 112,182  
Land 0  
Building and improvements 112,182  
Total 112,182  
Accumulated Depreciation 7,810  
Net Carrying Amount 104,372  
Accumulated Depreciation    
Balance at end of the year 7,810  
Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 114,012  
Land 216,418  
Building and Improvements 346,186  
Cost Capitalized Subsequent to Acquisition 203,739  
Land 216,418  
Building and improvements 549,925  
Total 766,343  
Accumulated Depreciation 134,628  
Net Carrying Amount 631,715  
Accumulated Depreciation    
Balance at end of the year 134,628  
Retail | 249 Central Park Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 713  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 17,092  
Land 713  
Building and improvements 17,092  
Total 17,805  
Accumulated Depreciation 10,043  
Net Carrying Amount 7,762  
Accumulated Depreciation    
Balance at end of the year 10,043  
Retail | Apex Entertainment    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 67  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 17,903  
Land 67  
Building and improvements 17,903  
Total 17,970  
Accumulated Depreciation 7,425  
Net Carrying Amount 10,545  
Accumulated Depreciation    
Balance at end of the year 7,425  
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 9,658  
Land 0  
Building and improvements 9,658  
Total 9,658  
Accumulated Depreciation 5,152  
Net Carrying Amount 4,506  
Accumulated Depreciation    
Balance at end of the year 5,152  
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 1,535  
Land 2,410  
Building and improvements 10,545  
Total 12,955  
Accumulated Depreciation 3,313  
Net Carrying Amount 9,642  
Accumulated Depreciation    
Balance at end of the year 3,313  
Retail | Brooks Crossing Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 117  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 2,421  
Land 117  
Building and improvements 2,421  
Total 2,538  
Accumulated Depreciation 455  
Net Carrying Amount 2,083  
Accumulated Depreciation    
Balance at end of the year 455  
Retail | Columbus Village    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 7,631  
Building and Improvements 10,135  
Cost Capitalized Subsequent to Acquisition 8,533  
Land 7,631  
Building and improvements 18,668  
Total 26,299  
Accumulated Depreciation 5,115  
Net Carrying Amount 21,184  
Accumulated Depreciation    
Balance at end of the year 5,115  
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 100  
Land 14,536  
Building and improvements 11,022  
Total 25,558  
Accumulated Depreciation 2,648  
Net Carrying Amount 22,910  
Accumulated Depreciation    
Balance at end of the year 2,648  
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 3,323  
Land 118  
Building and improvements 3,323  
Total 3,441  
Accumulated Depreciation 2,086  
Net Carrying Amount 1,355  
Accumulated Depreciation    
Balance at end of the year 2,086  
Retail | Delray Beach Plaza    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 0  
Building and Improvements 27,151  
Cost Capitalized Subsequent to Acquisition 351  
Land 0  
Building and improvements 27,502  
Total 27,502  
Accumulated Depreciation 1,764  
Net Carrying Amount 25,738  
Accumulated Depreciation    
Balance at end of the year 1,764  
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 762  
Land 5,100  
Building and improvements 13,888  
Total 18,988  
Accumulated Depreciation 3,305  
Net Carrying Amount 15,683  
Accumulated Depreciation    
Balance at end of the year 3,305  
Retail | Fountain Plaza Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 425  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 8,049  
Land 425  
Building and improvements 8,049  
Total 8,474  
Accumulated Depreciation 4,265  
Net Carrying Amount 4,209  
Accumulated Depreciation    
Balance at end of the year 4,265  
Retail | Greenbrier Square    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 19,940  
Land 8,549  
Building and Improvements 21,170  
Cost Capitalized Subsequent to Acquisition 29  
Land 8,549  
Building and improvements 21,199  
Total 29,748  
Accumulated Depreciation 982  
Net Carrying Amount 28,766  
Accumulated Depreciation    
Balance at end of the year 982  
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 4,174  
Land 1,103  
Building and improvements 4,174  
Total 5,277  
Accumulated Depreciation 1,477  
Net Carrying Amount 3,800  
Accumulated Depreciation    
Balance at end of the year 1,477  
Retail | Hanbury Village    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 2,566  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 16,512  
Land 2,566  
Building and improvements 16,512  
Total 19,078  
Accumulated Depreciation 8,048  
Net Carrying Amount 11,030  
Accumulated Depreciation    
Balance at end of the year 8,048  
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 2,522  
Net Carrying Amount 3,180  
Accumulated Depreciation    
Balance at end of the year 2,522  
Retail | Lexington Square    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 13,892  
Land 3,035  
Building and Improvements 20,581  
Cost Capitalized Subsequent to Acquisition 338  
Land 3,035  
Building and improvements 20,919  
Total 23,954  
Accumulated Depreciation 3,188  
Net Carrying Amount 20,766  
Accumulated Depreciation    
Balance at end of the year 3,188  
Retail | Market at Mill Creek    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 12,494  
Land 2,261  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 21,040  
Land 2,261  
Building and improvements 21,040  
Total 23,301  
Accumulated Depreciation 2,695  
Net Carrying Amount 20,606  
Accumulated Depreciation    
Balance at end of the year 2,695  
Retail | Marketplace at Hilltop    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 2,023  
Building and Improvements 19,886  
Cost Capitalized Subsequent to Acquisition 433  
Land 2,023  
Building and improvements 20,319  
Total 22,342  
Accumulated Depreciation 2,132  
Net Carrying Amount 20,210  
Accumulated Depreciation    
Balance at end of the year 2,132  
Retail | Nexton Square    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 22,195  
Land 9,086  
Building and Improvements 27,760  
Cost Capitalized Subsequent to Acquisition 5,250  
Land 9,086  
Building and improvements 33,010  
Total 42,096  
Accumulated Depreciation 2,607  
Net Carrying Amount 39,489  
Accumulated Depreciation    
Balance at end of the year 2,607  
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 975  
Land 7,250  
Building and improvements 11,185  
Total 18,435  
Accumulated Depreciation 2,993  
Net Carrying Amount 15,442  
Accumulated Depreciation    
Balance at end of the year 2,993  
Retail | North Pointe Center    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 1,276  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 23,084  
Land 1,276  
Building and improvements 23,084  
Total 24,360  
Accumulated Depreciation 11,609  
Net Carrying Amount 12,751  
Accumulated Depreciation    
Balance at end of the year 11,609  
Retail | Overlook Village    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 6,328  
Building and Improvements 20,101  
Cost Capitalized Subsequent to Acquisition 271  
Land 6,328  
Building and improvements 20,372  
Total 26,700  
Accumulated Depreciation 1,044  
Net Carrying Amount 25,656  
Accumulated Depreciation    
Balance at end of the year 1,044  
Retail | Parkway Centre    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 1,372  
Building and Improvements 7,864  
Cost Capitalized Subsequent to Acquisition 138  
Land 1,372  
Building and improvements 8,002  
Total 9,374  
Accumulated Depreciation 1,217  
Net Carrying Amount 8,157  
Accumulated Depreciation    
Balance at end of the year 1,217  
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 4,137  
Land 1,150  
Building and improvements 4,137  
Total 5,287  
Accumulated Depreciation 2,388  
Net Carrying Amount 2,899  
Accumulated Depreciation    
Balance at end of the year 2,388  
Retail | Patterson Place    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 15,060  
Building and Improvements 20,180  
Cost Capitalized Subsequent to Acquisition 1,088  
Land 15,060  
Building and improvements 21,268  
Total 36,328  
Accumulated Depreciation 4,499  
Net Carrying Amount 31,829  
Accumulated Depreciation    
Balance at end of the year 4,499  
Retail | Pembroke Square    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 14,513  
Building and Improvements 9,290  
Cost Capitalized Subsequent to Acquisition 1  
Land 14,513  
Building and improvements 9,291  
Total 23,804  
Accumulated Depreciation 111  
Net Carrying Amount 23,693  
Accumulated Depreciation    
Balance at end of the year 111  
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 593  
Land 3,240  
Building and improvements 8,909  
Total 12,149  
Accumulated Depreciation 2,616  
Net Carrying Amount 9,533  
Accumulated Depreciation    
Balance at end of the year 2,616  
Retail | Premier Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 8,013  
Land 318  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 15,339  
Land 318  
Building and improvements 15,339  
Total 15,657  
Accumulated Depreciation 2,147  
Net Carrying Amount 13,510  
Accumulated Depreciation    
Balance at end of the year 2,147  
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 2,057  
Land 9,950  
Building and improvements 14,426  
Total 24,376  
Accumulated Depreciation 3,623  
Net Carrying Amount 20,753  
Accumulated Depreciation    
Balance at end of the year 3,623  
Retail | Red Mill Commons    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 11,283  
Land 44,252  
Building and Improvements 30,348  
Cost Capitalized Subsequent to Acquisition 4,550  
Land 44,252  
Building and improvements 34,898  
Total 79,150  
Accumulated Depreciation 6,343  
Net Carrying Amount 72,807  
Accumulated Depreciation    
Balance at end of the year 6,343  
Retail | Sandbridge Commons    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 4,118  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 7,508  
Land 4,118  
Building and improvements 7,508  
Total 11,626  
Accumulated Depreciation 2,512  
Net Carrying Amount 9,114  
Accumulated Depreciation    
Balance at end of the year 2,512  
Retail | South Retail    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 190  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 8,300  
Land 190  
Building and improvements 8,300  
Total 8,490  
Accumulated Depreciation 5,382  
Net Carrying Amount 3,108  
Accumulated Depreciation    
Balance at end of the year 5,382  
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 1,129  
Land 14,130  
Building and improvements 13,799  
Total 27,929  
Accumulated Depreciation 3,296  
Net Carrying Amount 24,633  
Accumulated Depreciation    
Balance at end of the year 3,296  
Retail | Southgate Square    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 26,195  
Land 10,238  
Building and Improvements 25,950  
Cost Capitalized Subsequent to Acquisition 5,607  
Land 10,238  
Building and improvements 31,557  
Total 41,795  
Accumulated Depreciation 6,660  
Net Carrying Amount 35,135  
Accumulated Depreciation    
Balance at end of the year 6,660  
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 443  
Land 1,770  
Building and improvements 6,952  
Total 8,722  
Accumulated Depreciation 1,429  
Net Carrying Amount 7,293  
Accumulated Depreciation    
Balance at end of the year 1,429  
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 2,601  
Land 76  
Building and improvements 2,601  
Total 2,677  
Accumulated Depreciation 1,270  
Net Carrying Amount 1,407  
Accumulated Depreciation    
Balance at end of the year 1,270  
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 1,754  
Net Carrying Amount 1,552  
Accumulated Depreciation    
Balance at end of the year 1,754  
Retail | Wendover Village    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 19,893  
Building and Improvements 22,638  
Cost Capitalized Subsequent to Acquisition 961  
Land 19,893  
Building and improvements 23,599  
Total 43,492  
Accumulated Depreciation 4,513  
Net Carrying Amount 38,979  
Accumulated Depreciation    
Balance at end of the year 4,513  
Multifamily    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 223,008  
Land 29,422  
Building and Improvements 191,293  
Cost Capitalized Subsequent to Acquisition 332,029  
Land 29,422  
Building and improvements 523,322  
Total 552,744  
Accumulated Depreciation 87,575  
Net Carrying Amount 465,169  
Accumulated Depreciation    
Balance at end of the year 87,575  
Multifamily | 1305 Dock Street    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 2,164  
Building and Improvements 18,113  
Cost Capitalized Subsequent to Acquisition 172  
Land 2,164  
Building and improvements 18,285  
Total 20,449  
Accumulated Depreciation 472  
Net Carrying Amount 19,977  
Accumulated Depreciation    
Balance at end of the year 472  
Multifamily | 1405 Point    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 0  
Building and Improvements 95,466  
Cost Capitalized Subsequent to Acquisition 3,812  
Land 0  
Building and improvements 99,278  
Total 99,278  
Accumulated Depreciation 11,762  
Net Carrying Amount 87,516  
Accumulated Depreciation    
Balance at end of the year 11,762  
Multifamily | Chronicle Mill    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 27,630  
Land 1,780  
Building and Improvements 533  
Cost Capitalized Subsequent to Acquisition 54,079  
Land 1,780  
Building and improvements 54,612  
Total 56,392  
Accumulated Depreciation 361  
Net Carrying Amount 56,031  
Accumulated Depreciation    
Balance at end of the year 361  
Multifamily | Edison Apartments    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 15,563  
Land 3,428  
Building and Improvements 18,582  
Cost Capitalized Subsequent to Acquisition 1,490  
Land 3,428  
Building and improvements 20,072  
Total 23,500  
Accumulated Depreciation 1,912  
Net Carrying Amount 21,588  
Accumulated Depreciation    
Balance at end of the year 1,912  
Multifamily | Encore Apartments    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 23,980  
Land 1,293  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 31,562  
Land 1,293  
Building and improvements 31,562  
Total 32,855  
Accumulated Depreciation 7,984  
Net Carrying Amount 24,871  
Accumulated Depreciation    
Balance at end of the year 7,984  
Multifamily | Gainesville Apartments    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 30,000  
Land 4,834  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 45,314  
Land 4,834  
Building and improvements 45,314  
Total 50,148  
Accumulated Depreciation 1,039  
Net Carrying Amount 49,109  
Accumulated Depreciation    
Balance at end of the year 1,039  
Multifamily | Greenside Apartments    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 31,862  
Land 5,711  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 45,622  
Land 5,711  
Building and improvements 45,622  
Total 51,333  
Accumulated Depreciation 6,411  
Net Carrying Amount 44,922  
Accumulated Depreciation    
Balance at end of the year 6,411  
Multifamily | Liberty Apartments    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 20,926  
Land 3,580  
Building and Improvements 23,494  
Cost Capitalized Subsequent to Acquisition 2,516  
Land 3,580  
Building and improvements 26,010  
Total 29,590  
Accumulated Depreciation 7,627  
Net Carrying Amount 21,963  
Accumulated Depreciation    
Balance at end of the year 7,627  
Multifamily | Premier Apartments    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 16,269  
Land 647  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 29,348  
Land 647  
Building and improvements 29,348  
Total 29,995  
Accumulated Depreciation 3,876  
Net Carrying Amount 26,119  
Accumulated Depreciation    
Balance at end of the year 3,876  
Multifamily | Smith’s Landing    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 15,535  
Land 0  
Building and Improvements 35,105  
Cost Capitalized Subsequent to Acquisition 4,477  
Land 0  
Building and improvements 39,582  
Total 39,582  
Accumulated Depreciation 11,605  
Net Carrying Amount 27,977  
Accumulated Depreciation    
Balance at end of the year 11,605  
Multifamily | Southern Post    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 5,000  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 37,496  
Land 5,000  
Building and improvements 37,496  
Total 42,496  
Accumulated Depreciation 0  
Net Carrying Amount 42,496  
Accumulated Depreciation    
Balance at end of the year 0  
Multifamily | The Cosmopolitan    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 41,243  
Land 985  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 76,141  
Land 985  
Building and improvements 76,141  
Total 77,126  
Accumulated Depreciation 34,526  
Net Carrying Amount 42,600  
Accumulated Depreciation    
Balance at end of the year 34,526  
Held for development    
SEC Schedule III, Real Estate and Accumulated Depreciation    
Encumbrances 0  
Land 6,294  
Building and Improvements 0  
Cost Capitalized Subsequent to Acquisition 0  
Land 6,294  
Building and improvements 0  
Total 6,294  
Accumulated Depreciation 0  
Net Carrying Amount 6,294  
Accumulated Depreciation    
Balance at end of the year $ 0