Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2020

Real Estate And Accumulated Depreciation Disclosure [Abstract]

Real Estate and Accumulated Depreciation

SCHEDULE III

SITE Centers Corp.

Real Estate and Accumulated Depreciation

December 31, 2020

(In thousands)

															Total Cost,
	Initial Cost						Total Cost⁽¹⁾								Net of				Date of
			Buildings &						Buildings &				Accumulated		Accumulated				Construction (C)
Location	Land		Improvements		Improvements		Land⁽²⁾		Improvements⁽³⁾		Total		Depreciation⁽⁴⁾		Depreciation		Encumbrances⁽⁵⁾		Acquisition (A)
Phoenix, AZ	$	18,701	$	18,929	$	—	$	18,701	$	24,448	$	43,149	$	11,036	$	32,113	$	—	1999 (A)
Phoenix, AZ		15,352		24,414		—		15,352		29,491		44,843		18,365		26,478		28,063	2003 (A)
Phoenix, AZ		15,090		36,880		—		18,399		42,438		60,837		13,714		47,123		—	2012 (A)
Buena Park, CA		27,269		21,427		—		27,269		27,076		54,345		5,107		49,238		—	2015 (A)
Fontana, CA		23,861		57,931		—		23,861		61,965		85,826		13,683		72,143		—	2014 (A)
Long Beach, CA		—		147,918		—		—		197,297		197,297		96,259		101,038		—	2005 (C)
Oakland, CA		4,361		33,538		—		4,361		33,538		37,899		8,524		29,375		—	2013 (A)
Roseville, CA		23,574		67,031		—		23,574		68,104		91,678		14,869		76,809		—	2014 (A)
San Francisco, CA		10,464		25,730		—		10,464		26,093		36,557		13,845		22,712		—	2002 (A)
Centennial, CO		7,833		35,550		—		9,075		68,589		77,664		44,712		32,952		—	1997 (C)
Colorado Springs, CO		9,001		47,671		—		9,001		56,897		65,898		16,255		49,643		15,350	2011 (A)
Denver, CO		20,733		22,818		—		20,804		29,015		49,819		16,595		33,224		—	2003 (A)
Parker, CO		4,632		38,256		—		4,632		41,682		46,314		9,471		36,843		—	2013 (A)
Guilford, CT		4,588		41,892		—		6,457		64,349		70,806		9,946		60,860		—	2015 (C)
Windsor Court, CT		6,090		11,745		—		6,090		12,565		18,655		5,656		12,999		—	2007 (A)
Brandon, FL		—		4,111		—		—		24,362		24,362		2,901		21,461		—	1972 (C)
Brandon, FL		4,775		13,117		—		4,775		19,287		24,062		7,654		16,408		—	2009 (A)
Brandon, FL		2,938		13,685		—		2,938		14,184		17,122		3,774		13,348		—	2013 (A)
Jupiter, FL		8,764		20,051		—		8,764		20,051		28,815		169		28,646		13,018	2020 (A)
Melbourne, FL		3,111		7,325		—		3,111		11,301		14,412		679		13,733		—	2018 (A)
Miami, FL		11,626		30,457		—		26,743		121,150		147,893		51,032		96,861		—	2006 (C)
Naples, FL		10,172		39,342		—		10,172		43,351		53,523		9,797		43,726		—	2013 (A)
Orlando, FL		8,528		56,684		—		13,057		82,090		95,147		11,414		83,733		—	2016 (C)
Orlando, FL		9,451		16,424		—		9,451		16,424		25,875		151		25,724		20,571	2020 (A)
Palm Harbor, FL		1,137		4,089		—		1,137		5,268		6,405		4,089		2,316		—	1995 (A)
Plantation, FL		21,729		37,331		—		22,112		96,242		118,354		47,338		71,016		—	2007 (A)
Tampa, FL		10,000		10,907		—		10,000		11,066		21,066		452		20,614		9,100	2019 (A)
Winter Garden, FL		38,945		130,382		—		38,945		139,048		177,993		35,769		142,224		—	2013 (A)
Atlanta, GA		14,078		41,050		—		14,078		48,089		62,167		17,120		45,047		—	2009 (A)
Cumming, GA		14,249		23,653		—		14,249		28,570		42,819		15,509		27,310		—	2003 (A)
Cumming, GA		6,851		49,659		—		6,851		50,527		57,378		13,292		44,086		—	2013 (A)
Cumming, GA		3,391		8,218		—		3,391		8,590		11,981		768		11,213		—	2018 (A)
Douglasville, GA		2,839		5,511		—		2,839		7,055		9,894		676		9,218		—	2018 (A)
Roswell, GA		6,566		15,005		—		7,894		27,692		35,586		12,445		23,141		—	2007 (A)
Snellville, GA		10,185		51,815		—		10,342		58,840		69,182		27,041		42,141		—	2007 (A)
Suwanee, GA		13,479		23,923		—		13,335		34,556		47,891		18,436		29,455		—	2003 (A)
Chicago, IL		22,642		82,754		—		22,642		83,263		105,905		18,545		87,360		—	2014 (A)
Chicago, IL		23,588		45,632		—		23,588		45,951		69,539		6,864		62,675		—	2017 (A)
Schaumburg, IL		27,466		84,679		—		27,466		99,185		126,651		23,123		103,528		—	2013 (A)

SCHEDULE III

SITE Centers Corp.

Real Estate and Accumulated Depreciation

December 31, 2020

(In thousands)

															Total Cost,
	Initial Cost						Total Cost⁽¹⁾								Net of				Date of
			Buildings &						Buildings &				Accumulated		Accumulated				Construction (C)
	Land		Improvements		Improvements		Land⁽²⁾		Improvements⁽³⁾		Total		Depreciation⁽⁴⁾		Depreciation		Encumbrances⁽⁵⁾		Acquisition (A)
Merriam, KS		15,043		55,028		—		13,623		54,306		67,929		13,358		54,571		—	2013 (A)
Everett, MA		9,311		44,647		—		9,462		60,289		69,751		34,598		35,153		—	2001 (C)
Framingham, MA		75,675		191,594		—		75,675		200,091		275,766		48,974		226,792		—	2013 (A)
Brentwood, MO		10,018		32,053		—		10,018		40,921		50,939		24,453		26,486		—	1998 (A)
East Hanover, NJ		3,847		23,798		—		3,847		29,481		33,328		12,543		20,785		—	2007 (A)
Edgewater, NJ		7,714		30,473		—		7,714		37,806		45,520		14,235		31,285		—	2007 (A)
Freehold, NJ		2,460		2,475		—		3,166		3,739		6,905		1,414		5,491		—	2005 (C)
Hamilton, NJ		8,039		49,896		—		11,774		91,829		103,603		46,877		56,726		—	2003 (A)
Voorhees, NJ		1,350		1,837		—		1,350		1,837		3,187		19		3,168		5,412	2020 (A)
Princeton, NJ		13,448		74,249		—		14,455		114,631		129,086		67,501		61,585		—	1997 (A)
West Long Branch, NJ		14,131		51,982		—		14,131		80,166		94,297		37,201		57,096		—	2004 (A)
Hempstead, NY		26,487		14,418		—		26,487		14,418		40,905		137		40,768		27,969	2020 (A)
Charlotte, NC		27,707		45,021		—		27,707		51,482		79,189		16,952		62,237		—	2011 (A)
Charlotte, NC		11,224		82,124		—		11,224		97,609		108,833		26,731		82,102		—	2012 (A)
Charlotte, NC		3,600		30,392		—		8,463		55,027		63,490		10,951		52,539		—	2013 (C)
Cornelius, NC		4,382		15,184		—		4,382		21,388		25,770		10,720		15,050		—	2007 (A)
Cincinnati, OH		19,572		54,495		—		19,572		77,258		96,830		16,023		80,807		—	2014 (A)
Columbus, OH		12,922		46,006		—		14,078		72,798		86,876		46,064		40,812		—	1998 (A)
Columbus, OH		18,716		64,617		—		20,666		71,904		92,570		21,662		70,908		—	2011 (A)
Dublin, OH		3,609		11,546		—		3,609		15,822		19,431		10,749		8,682		—	1998 (A)
Mason, OH		2,032		23,788		—		2,032		27,425		29,457		6,170		23,287		—	2014 (A)
Stow, OH		993		9,028		—		993		40,073		41,066		24,658		16,408		—	1969 (C)
Westlake, OH		424		4,004		—		424		31,481		31,905		5,779		26,126		—	1974 (C)
Portland, OR		20,208		50,738		—		20,208		65,141		85,349		17,900		67,449		—	2012 (A)
Portland, OR		10,122		37,457		—		10,122		37,744		47,866		1,609		46,257		—	2019 (A)
Boothwyn, PA		6,370		16,931		—		6,370		16,931		23,301		188		23,113		16,350	2020 (A)
Downingtown, PA		4,175		15,678		—		4,175		15,678		19,853		187		19,666		32,398	2020 (A)
Easton, PA		7,691		20,405		—		7,691		20,405		28,096		238		27,858		30,700	2020 (A)
Anderson, SC		1,372		11,656		—		1,372		11,656		13,028		35		12,993		15,736	2020 (A)
Mount Pleasant, SC		2,430		10,470		—		2,341		30,861		33,202		16,242		16,960		—	1995 (A)
Brentwood, TN		6,101		25,956		—		6,101		27,994		34,095		7,189		26,906		—	2013 (A)
Highland Village, TX		5,545		28,365		—		5,545		30,679		36,224		8,847		27,377		—	2013 (A)
Round Rock, TX		3,467		8,839		—		3,467		8,754		12,221		398		11,823		—	2019 (A)
San Antonio, TX		3,475		37,327		—		4,873		53,570		58,443		28,774		29,669		—	2002 (C)
San Antonio, TX		5,602		39,196		—		10,158		113,730		123,888		46,080		77,808		—	2007 (C)
San Antonio, TX		2,381		6,487		—		2,381		24,530		26,911		11,562		15,349		—	2007 (A)

SCHEDULE III

SITE Centers Corp.

Real Estate and Accumulated Depreciation

December 31, 2020

(In thousands)

															Total Cost,
	Initial Cost						Total Cost⁽¹⁾								Net of				Date of
			Buildings &						Buildings &				Accumulated		Accumulated				Construction (C)
	Land		Improvements		Improvements		Land⁽²⁾		Improvements⁽³⁾		Total		Depreciation⁽⁴⁾		Depreciation		Encumbrances⁽⁵⁾		Acquisition (A)
Fairfax, VA		15,681		68,536		—		15,681		71,083		86,764		16,921		69,843		—	2013 (A)
Richmond, VA		7,331		49,278		—		7,331		49,278		56,609		136		56,473		34,250	2020 (A)
Richmond, VA		11,879		34,736		—		11,879		36,823		48,702		16,196		32,506		—	2007 (A)
Springfield, VA		17,016		40,038		—		17,016		44,753		61,769		19,119		42,650		—	2007 (A)
Portfolio Balance (SITE)		25,475		195,350		—		25,475		195,350		220,825		110,592		110,233		—
	$	917,084	$	3,103,632	$	—	$	962,958	$	4,026,430	$	4,989,388	$	1,427,057	$	3,562,331	$	248,917

(1)	The aggregate cost for federal income tax purposes was approximately $5.2 billion at December 31, 2020.

(2)	Includes $9.4 million of undeveloped land at December 31, 2020.

(3)	Includes $28.1 million of construction in progress at December 31, 2020.

(4)	Depreciation and amortization is recorded on a straight-line basis over the estimated useful lives of the assets as follows:

	Buildings		Useful lives, 31.5 to 40 years
	Building improvements and fixtures		Useful lives, ranging from 3 to 20 years
	Tenant improvements		Shorter of economic life or lease terms

(5)	Excludes fair market value of debt adjustments and net loan costs aggregating $0.3 million.

SCHEDULE III

The changes in Total Real Estate Assets are as follows (in thousands):

	For the Year Ended December 31,
	2020			2019			2018
Balance at beginning of year	$	4,709,812		$	4,627,866		$	8,248,003
Acquisitions		242,593			80,771			34,675
Developments, improvements and expansions		59,126			109,830			120,325
Adjustments of property carrying values (Impairments)		(5,200	)		(3,370	)		(56,317	)
Disposals^(A)		(16,943	)		(105,285	)		(998,776	)
Spin-off of RVI	—			—				(2,720,044	)
Balance at end of year	$	4,989,388		$	4,709,812		$	4,627,866

(A)	In 2020, primarily relates to the write-off of fully amortized tenant improvements.

The changes in Accumulated Depreciation and Amortization are as follows (in thousands):

	For the Year Ended December 31,
	2020			2019			2018
Balance at beginning of year	$	1,289,148		$	1,172,357		$	1,953,479
Depreciation for year		154,906			147,372			207,902
Disposals		(16,997	)		(30,581	)		(268,405	)
Spin-off of RVI	—			—				(720,619	)
Balance at end of year	$	1,427,057		$	1,289,148		$	1,172,357