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SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2021

Real Estate And Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2021


			Initial Cost to Company						Amount at Which Carried at December 31, 2021
Description and Location	Encumbrances		Land		Buildings & Improvements		Increase (Decrease) in Net Investments		Land		Buildings & Improvements		Total		Accumulated Depreciation		Date of Acquisition (a) Construction (c)		Life on which Depreciation in Latest Statement of Operations is Compared
Core Portfolio:
Crescent Plaza Brockton, MA		—		1,147		7,425		3,441		1,147		10,866		12,013		9,090	1993	(a)	40 years
New Loudon Center Latham, NY		—		505		4,161		16,228		505		20,389		20,894		16,657	1993	(a)	40 years
Mark Plaza Edwardsville, PA		—		—		3,396		—		—		3,396		3,396		3,119	1993	(c)	40 years
Plaza 422 Lebanon, PA		—		190		3,004		2,809		190		5,813		6,003		5,334	1993	(c)	40 years
Route 6 Mall Honesdale, PA		—		1,664		—		12,761		1,664		12,761		14,425		11,096	1994	(c)	40 years
Abington Towne Center Abington, PA		—		799		3,197		3,914		799		7,111		7,910		4,666	1998	(a)	40 years
Bloomfield Town Square Bloomfield Hills, MI		—		3,207		13,774		25,281		3,207		39,055		42,262		26,685	1998	(a)	40 years
Elmwood Park Shopping Center Elmwood Park, NJ		—		3,248		12,992		19,372		3,798		31,814		35,612		21,620	1998	(a)	40 years
Merrillville Plaza Hobart, IN		—		4,288		17,152		7,972		4,288		25,124		29,412		15,525	1998	(a)	40 years
Marketplace of Absecon Absecon, NJ		—		2,573		10,294		5,409		2,577		15,699		18,276		10,011	1998	(a)	40 years
239 Greenwich Avenue Greenwich, CT		25,707		1,817		15,846		1,086		1,817		16,932		18,749		9,639	1998	(a)	40 years
Hobson West Plaza Naperville, IL		—		1,793		7,172		5,512		1,793		12,684		14,477		6,906	1998	(a)	40 years
Village Commons Shopping Center Smithtown, NY		—		3,229		12,917		5,396		3,229		18,313		21,542		11,621	1998	(a)	40 years
Town Line Plaza Rocky Hill, CT		—		878		3,510		8,182		907		11,663		12,570		9,665	1998	(a)	40 years
Branch Shopping Center Smithtown, NY		—		3,156		12,545		17,022		3,401		29,322		32,723		17,493	1998	(a)	40 years
Methuen Shopping Center Methuen, MA		—		956		3,826		1,776		961		5,597		6,558		3,252	1998	(a)	40 years
The Gateway Shopping Center South Burlington, VT		—		1,273		5,091		12,841		1,273		17,932		19,205		11,818	1999	(a)	40 years
Mad River Station Dayton, OH		—		2,350		9,404		2,265		2,350		11,669		14,019		7,134	1999	(a)	40 years
Brandywine Holdings Wilmington, DE		—		5,063		15,252		2,616		5,201		17,730		22,931		8,406	2003	(a)	40 years
Bartow Avenue Bronx, NY		—		1,691		5,803		1,456		1,691		7,259		8,950		3,821	2005	(c)	40 years
Amboy Road Staten Island, NY		—		—		11,909		3,259		—		15,168		15,168		9,735	2005	(a)	40 years
Chestnut Hill Philadelphia, PA		—		8,289		5,691		4,802		8,289		10,493		18,782		5,848	2006	(a)	40 years
2914 Third Avenue Bronx, NY		—		11,108		8,038		5,575		11,855		12,866		24,721		4,151	2006	(a)	40 years
West Shore Expressway Staten Island, NY		—		3,380		13,499		74		3,380		13,573		16,953		5,642	2007	(a)	40 years
West 54th Street Manhattan, NY		—		16,699		18,704		1,385		16,699		20,089		36,788		7,879	2007	(a)	40 years
5-7 East 17th Street Manhattan, NY		—		3,048		7,281		6,159		3,048		13,440		16,488		8,690	2008	(a)	40 years
651-671 W Diversey Chicago, IL		—		8,576		17,256		20		8,576		17,276		25,852		4,567	2011	(a)	40 years
15 Mercer Street Manhattan, NY		—		1,887		2,483		1		1,887		2,484		4,371		652	2011	(a)	40 years
4401 White Plains Bronx, NY		—		1,581		5,054		—		1,581		5,054		6,635		1,306	2011	(a)	40 years
56 E. Walton Chicago, IL		—		994		6,126		2,666		994		8,792		9,786		848	2011	(a)	40 years
841 W. Armitage Chicago, IL		—		728		1,989		422		728		2,411		3,139		777	2011	(a)	40 years
2731 N. Clark Chicago, IL		—		557		1,839		32		557		1,871		2,428		501	2011	(a)	40 years
2140 N. Clybourn Chicago, IL		—		306		788		54		306		842		1,148		209	2011	(a)	40 years
853 W. Armitage Chicago, IL		—		557		1,946		508		557		2,454		3,011		820	2011	(a)	40 years
2299 N. Clybourn Avenue Chicago, IL		—		177		484		—		177		484		661		126	2011	(a)	40 years
843-45 W. Armitage Chicago, IL		—		731		2,730		294		731		3,024		3,755		774	2012	(a)	40 years
1525 W. Belmont Avenue Chicago, IL		—		1,480		3,338		711		1,480		4,049		5,529		1,079	2012	(a)	40 years
2206-08 N. Halsted Chicago, IL		—		1,183		3,540		354		1,183		3,894		5,077		1,214	2012	(a)	40 years
2633 N. Halsted Chicago, IL		—		960		4,096		359		998		4,417		5,415		1,085	2012	(a)	40 years
50-54 E. Walton Chicago, IL		—		2,848		12,694		576		2,848		13,270		16,118		3,357	2012	(a)	40 years
662 W. Diversey Chicago, IL		—		1,713		1,603		10		1,713		1,613		3,326		365	2012	(a)	40 years


837 W. Armitage Chicago, IL	—	780	1,758	151		780	1,909	2,689	537	2012	(a)	40 years
823 W. Armitage Chicago, IL	—	717	1,149	95		717	1,244	1,961	294	2012	(a)	40 years
851 W. Armitage Chicago, IL	—	545	209	139		545	348	893	146	2012	(a)	40 years
1240 W. Belmont Avenue Chicago, IL	—	2,137	1,589	1,357		2,137	2,946	5,083	729	2012	(a)	40 years
21 E. Chestnut Chicago, IL	—	1,318	8,468	44		1,318	8,512	9,830	1,931	2012	(a)	40 years
819 W. Armitage Chicago, IL	—	790	1,266	187		790	1,453	2,243	427	2012	(a)	40 years
1520 Milwaukee Avenue Chicago, IL	—	2,110	1,306	290		2,110	1,596	3,706	427	2012	(a)	40 years
330-340 River St Cambridge, MA	10,601	8,404	14,235	—		8,404	14,235	22,639	3,650	2012	(a)	40 years
Rhode Island Place Shopping Center Washington, D.C.	—	7,458	15,968	2,397		7,458	18,365	25,823	5,324	2012	(a)	40 years
930 Rush Street Chicago, IL	—	4,933	14,587	—		4,933	14,587	19,520	3,555	2012	(a)	40 years
28 Jericho Turnpike Westbury, NY	12,353	6,220	24,416	53		6,220	24,469	30,689	6,137	2012	(a)	40 years
181 Main Street Westport, CT	—	1,908	12,158	683		1,908	12,841	14,749	2,988	2012	(a)	40 years
83 Spring Street Manhattan, NY	—	1,754	9,200	—		1,754	9,200	10,954	2,185	2012	(a)	40 years
179-53 & 1801-03 Connecticut Avenue Washington, D.C.	—	11,690	10,135	1,816		11,690	11,951	23,641	2,915	2012	(a)	40 years
639 West Diversey Chicago, IL	—	4,429	6,102	1,089		4,429	7,191	11,620	1,967	2012	(a)	40 years
664 North Michigan Chicago, IL	—	15,240	65,331	307		15,240	65,638	80,878	14,503	2013	(a)	40 years
8-12 E. Walton Chicago, IL	—	5,398	15,601	977		5,398	16,578	21,976	3,940	2013	(a)	40 years
3200-3204 M Street Washington, DC	—	6,899	4,249	168		6,899	4,417	11,316	1,071	2013	(a)	40 years
868 Broadway Manhattan, NY	—	3,519	9,247	5		3,519	9,252	12,771	1,868	2013	(a)	40 years
313-315 Bowery Manhattan, NY	—	—	5,516	—		—	5,516	5,516	1,786	2013	(a)	40 years
120 West Broadway Manhattan, NY	—	—	32,819	1,740		—	34,559	34,559	4,619	2013	(a)	40 years
11 E. Walton Chicago, IL	—	16,744	28,346	1,444		16,744	29,790	46,534	5,978	2014	(a)	40 years
61 Main Street Westport, CT	—	4,578	2,645	1,818		4,578	4,463	9,041	813	2014	(a)	40 years
865 W. North Avenue Chicago, IL	—	1,893	11,594	129		1,893	11,723	13,616	2,278	2014	(a)	40 years
152-154 Spring St. Manhattan, NY	—	8,544	27,001	347		8,544	27,348	35,892	5,265	2014	(a)	40 years
2520 Flatbush Ave Brooklyn, NY	—	6,613	10,419	303		6,613	10,722	17,335	2,134	2014	(a)	40 years
252-256 Greenwich Avenue Greenwich, CT	—	10,175	12,641	1,172		10,175	13,813	23,988	2,848	2014	(a)	40 years
Bedford Green Bedford Hills, NY	—	12,425	32,730	4,568		13,763	35,960	49,723	7,448	2014	(a)	40 years
131-135 Prince Street Manhattan, NY	—	—	57,536	750		—	58,286	58,286	20,235	2014	(a)	40 years
Shops at Grand Ave Queens, NY	—	20,264	33,131	1,740		20,264	34,871	55,135	6,528	2014	(a)	40 years
201 Needham Street Newton, MA	—	4,550	4,459	105		4,550	4,564	9,114	884	2014	(a)	40 years
City Center San Francisco, CA	—	36,063	109,098	5,154		26,386	123,929	150,315	21,023	2015	(a)	40 years
163 Highland Avenue Needham, MA	8,001	12,679	11,213	(107	)	12,529	11,256	23,785	2,065	2015	(a)	40 years
Roosevelt Galleria Chicago, IL	—	4,838	14,574	197		4,838	14,771	19,609	2,328	2015	(a)	40 years
Route 202 Shopping Center Wilmington, DE	—	—	6,346	504		—	6,850	6,850	1,628	2015	(a)	40 years
991 Madison Avenue Manhattan, NY	—	—	76,965	(75,355	)	—	1,610	1,610	496	2016	(a)	40 years
165 Newbury Street Boston, MA	—	1,918	3,980	—		1,918	3,980	5,898	564	2016	(a)	40 years
Concord & Milwaukee Chicago, IL	2,483	2,739	2,746	321		2,739	3,067	5,806	525	2016	(a)	40 years
State & Washington Chicago, IL	22,688	3,907	70,943	6,225		3,907	77,168	81,075	10,799	2016	(a)	40 years
151 N. State Street Chicago, IL	12,918	1,941	25,529	—		1,941	25,529	27,470	3,457	2016	(a)	40 years
North & Kingsbury Chicago, IL	11,332	18,731	16,292	2,045		18,731	18,337	37,068	2,336	2016	(a)	40 years
Sullivan Center Chicago, IL	50,000	13,443	137,327	1,590		13,443	138,917	152,360	18,762	2016	(a)	40 years
California & Armitage Chicago, IL	2,338	6,770	2,292	17		6,770	2,309	9,079	338	2016	(a)	40 years
555 9th Street San Francisco, CA	60,000	75,591	73,268	441		75,591	73,709	149,300	9,580	2016	(a)	40 years
Market Square Wilmington, DE	—	8,100	31,221	408		8,100	31,629	39,729	3,554	2017	(a)	40 years
613-623 W. Diversey Chicago, IL	—	10,061	2,773	11,443		10,061	14,216	24,277	3,976	2018	(c)	40 years
51 Greene Street Manhattan, NY	—	4,488	8,992	100		4,488	9,092	13,580	639	2019	(a)	40 years
53 Greene Street Manhattan, NY	—	3,605	12,177	2		3,605	12,179	15,784	837	2019	(a)	40 years


41 Greene Street Manhattan, NY	—	6,276	9,582	—		6,276	9,582	15,858	619	2019	(a)	40 years
47 Greene Street Manhattan, NY	—	6,265	16,758	6		6,265	16,764	23,029	1,012	2019	(a)	40 years
849 W Armitage Chicago, IL	—	837	2,731	—		837	2,731	3,568	168	2019	(a)	40 years
912 W Armitage Chicago, IL	—	982	2,868	—		982	2,868	3,850	175	2019	(a)	40 years
Melrose Place Collection Los Angeles, CA	—	20,490	26,788	—		20,490	26,788	47,278	1,456	2019	(a)	40 years
45 Greene Street Manhattan, NY	—	2,903	8,487	4		2,903	8,491	11,394	460	2019	(a)	40 years
565 Broadway Manhattan, NY	—	—	22,491	127		—	22,618	22,618	1,171	2019	(a)	40 years
907 W Armitage Chicago, IL	—	700	2,081	—		700	2,081	2,781	118	2019	(a)	40 years
37 Greene Street Manhattan, NY	—	6,721	9,119	—		6,721	9,119	15,840	456	2020	(a)	40 years
917 W Armitage Chicago, IL	—	901	2,368	—		901	2,368	3,269	123	2020	(a)	40 years
Brandywine Town Center Wilmington, DE	—	15,632	101,861	753		15,632	102,614	118,246	5,134	2020	(a)	40 years
1324 14th Street Washington, D.C.	—	728	3,044	—		728	3,044	3,772	—	2021	(a)	40 years
1526 14th Street Washington, D.C.	—	1,377	6,964	—		1,377	6,964	8,341	—	2021	(a)	40 years
1529 14th Street Washington, D.C.	—	1,485	10,411	—		1,485	10,411	11,896	—	2021	(a)	40 years
Fund II:
City Point Brooklyn, NY	255,978	—	100,316	521,360		—	621,676	621,676	95,189	2007	(c)	40 years
Fund IV:
210 Bowery Manhattan, NY	—	1,875	5,625	(6,490	)	518	492	1,010	150	2012	(c)	40 years
27 E. 61st Street Manhattan, NY	12,344	4,813	14,438	1,656		3,523	17,384	20,907	2,272	2014	(c)	40 years
17 E. 71st Street Manhattan, NY	8,895	7,391	20,176	326		7,391	20,502	27,893	3,817	2014	(a)	40 years
1035 Third Avenue Manhattan, NY	27,333	12,759	37,431	5,781		14,100	41,871	55,971	8,173	2015	(a)	40 years
801 Madison Avenue Manhattan, NY	19,548	4,178	28,470	(5,073	)	2,922	24,653	27,575	3,216	2015	(c)	40 years
2208-2216 Fillmore Street San Francisco, CA	5,533	3,027	6,376	157		3,027	6,533	9,560	1,018	2015	(a)	40 years
2207 Fillmore Street San Francisco, CA	1,120	1,498	1,735	125		1,498	1,860	3,358	302	2015	(a)	40 years
146 Geary St. San Francisco, CA	19,338	9,500	28,500	(785	)	8,037	29,178	37,215	922	2015	(a)	40 years
1964 Union Street San Francisco, CA	1,417	563	1,688	2,066		563	3,754	4,317	397	2016	(c)	40 years
Restaurants at Fort Point Boston, MA	5,855	1,041	10,905	182		1,041	11,087	12,128	1,679	2016	(a)	40 years
Wakeforest Crossing Wake Forest, NC	20,860	7,570	24,829	552		7,570	25,381	32,951	4,271	2016	(a)	40 years
Dauphin Plaza Harrisburg, PA	12,114	5,290	9,464	3,133		5,290	12,597	17,887	2,806	2016	(a)	40 years
Lincoln Place Fairview Heights, IL	22,861	7,149	22,201	2,429		7,149	24,630	31,779	3,729	2017	(a)	40 years
18 E. Broughton St. Savannah, GA	1,535	609	1,513	24		609	1,537	2,146	127	2018	(a)	40 years
20 E. Broughton St. Savannah, GA	1,001	588	937	12		588	949	1,537	77	2018	(a)	40 years
25 E. Broughton St. Savannah, GA	3,156	1,324	2,459	364		1,324	2,823	4,147	295	2018	(a)	40 years
109 W. Broughton St. Savannah, GA	6,422	2,343	6,560	289		2,343	6,849	9,192	569	2018	(a)	40 years
204-206 W. Broughton St. Savannah, GA	903	547	439	47		547	486	1,033	45	2018	(a)	40 years
216-218 W. Broughton St. Savannah, GA	2,645	1,160	2,736	2,065		1,160	4,801	5,961	425	2018	(a)	40 years
220 W. Broughton St. Savannah, GA	1,850	619	1,799	1,003		619	2,802	3,421	278	2018	(a)	40 years
223 W. Broughton St. Savannah, GA	903	465	688	33		465	721	1,186	56	2018	(a)	40 years
226-228 W. Broughton St. Savannah, GA	-	660	1,900	34		660	1,934	2,594	160	2018	(a)	40 years
309/311 W. Broughton St. Savannah, GA	2,329	1,160	2,695	2		1,160	2,697	3,857	219	2018	(a)	40 years
230-240 W. Broughton St. Savannah, GA	5,018	2,185	9,597	6		2,185	9,603	11,788	380	2020	(a)	40 years
102 E. Broughton St. Savannah, GA	—	—	514	—		—	514	514	20	2020	(a)	40 years
Fund V:
Plaza Santa Fe Santa Fe, NM	22,893	—	28,214	1,384		—	29,598	29,598	3,746	2017	(a)	40 years
Hickory Ridge Hickory, NC	29,128	7,852	29,998	4,858		7,852	34,856	42,708	4,318	2017	(a)	40 years
New Towne Plaza Canton, MI	16,232	5,040	17,391	780		5,040	18,171	23,211	2,329	2017	(a)	40 years
Fairlane Green Allen Park, MI	33,467	18,121	37,143	575		18,121	37,718	55,839	4,220	2017	(a)	40 years
Trussville Promenade Birmingham, AL	29,190	7,587	34,285	53		7,587	34,338	41,925	3,587	2018	(a)	40 years
Elk Grove Commons Elk Grove, CA	41,500	6,204	48,008	1,138		6,204	49,146	55,350	4,409	2018	(a)	40 years


Hiram Pavilion Hiram, GA		28,830			13,029		25,446		624		13,029		26,070		39,099		2,663	2018	(a)	40 years
Palm Coast Landing Palm Coast, FL		26,500			7,066		27,299		433		7,066		27,732		34,798		2,261	2019	(a)	40 years
Lincoln Commons Lincoln, RI		38,820			14,429		34,417		1,936		14,429		36,353		50,782		2,627	2019	(a)	40 years
Landstown Commons Virginia Beach, VA		60,900			10,222		69,005		1,856		10,222		70,861		81,083		4,537	2019	(a)	40 years
Canton Marketplace Canton, GA		31,801			11,883		34,902		132		11,883		35,034		46,917		327	2021	(a)	40 years
Monroe Marketplace Selinsgrove, PA		29,150			8,755		35,452		229		8,755		35,681		44,436		349	2021	(a)	40 years
Midstate East Brunswick, NJ		—			13,062		43,290		—		13,062		43,290		56,352		104	2021	(a)	40 years

Real Estate Under Development		52,000			84,977		35,440		83,356		94,654		109,119		203,773		—
Debt of Assets Held for Sale		46,015			—		—		—		—		—		—		—
Unamortized Loan Costs		(3,958	)		—		—		—		—		—		—		—
Unamortized Premium		446			—		—		—		—		—		—		—
Total	$	1,140,293		$	835,376	$	2,449,230	$	787,001	$	834,295	$	3,237,312	$	4,071,607	$	648,461

Notes:

Depreciation on buildings and improvements reflected in the consolidated statements of operations is calculated over the estimated useful life of the assets as follows: Buildings at 40 years and improvements at the shorter of lease term or useful life.

The aggregate gross cost of property included above for Federal income tax purposes was approximately $4.2 billion as of December 31, 2021.

The following table reconciles the activity for real estate properties from January 1, 2019 to December 31, 2021 (in thousands):


	Year Ended December 31,
	2021			2020			2019
				(As Restated)			(As Restated)
Balance at beginning of year	$	4,011,326		$	3,960,411		$	3,620,583
Improvements and other		32,070			71,409			95,097
Property acquisitions		172,558			19,109			303,884
Property dispositions or held for sale assets		(134,422	)		(19,659	)		(84,243	)
Right-of-use assets - finance leases obtained and reclassified		—			(76,965	)		102,055
Capital lease reclassified as Right-of-use assets - finance lease		—			—			(76,965	)
Consolidation of previously unconsolidated investments		—			129,863			—
Impairment charges		(9,925	)		(72,842	)		—
Balance at end of year	$	4,071,607		$	4,011,326		$	3,960,411

The following table reconciles accumulated depreciation from January 1, 2019 to December 31, 2021 (in thousands):


	Year Ended December 31,
	2021			2020			2019
				(As Restated)			(As Restated)
Balance at beginning of year	$	573,364		$	478,991		$	407,698
Depreciation related to real estate		90,456			101,849			83,040
Property dispositions or held for sale assets		(15,359	)		(939	)		(11,747	)
Right-of-use assets - finance leases reclassified		—			(6,537	)		—
Balance at end of year	$	648,461		$	573,364		$	478,991