Schedule III - Real Estate and Accumulated Depreciation and Amortization

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III

Description	Location	Encumbrances		Land and Land Estates		Buildings and Improvements		Total		Accumulated Depreciation and Amortization(1)		Date Acquired	Date Constructed
INDUSTRIAL PROPERTIES
Single-tenant
Industrial	Anniston, AL	$	—	$	1,201	$	16,771	$	17,972	$	4,738	Dec-14
Industrial	Opelika, AL	—		142		31,734		31,876		4,608		Jul-17	2017
Industrial	Chandler, AZ	—		10,733		69,491		80,224		538		Nov-20
Industrial	Goodyear, AZ	—		5,247		36,115		41,362		3,438		Nov-18
Industrial	Goodyear, AZ	41,877		11,970		48,925		60,895		2,384		Nov-19
Industrial	Goodyear, AZ	—		1,614		16,222		17,836		658		Jan-20
Industrial	Tolleson, AZ	—		3,311		16,013		19,324		883		Oct-19
Industrial	Ocala, FL	—		4,113		49,936		54,049		1,093		Jun-20
Industrial	Orlando, FL	—		1,030		10,869		11,899		4,290		Dec-06
Industrial	Tampa, FL	—		2,160		9,125		11,285		7,342		Jul-88
Industrial	Austell, GA	—		3,251		48,459		51,710		3,238		Jun-19
Industrial	McDonough, GA	—		5,441		52,790		58,231		7,485		Aug-17
Industrial	McDonough, GA	—		3,253		30,956		34,209		2,587		Feb-19
Industrial	Pooler, GA	—		1,690		30,346		32,036		999		Apr-20
Industrial	Savannah, GA	—		2,560		25,717		28,277		645		Jun-20
Industrial	Savannah, GA	—		1,070		7,458		8,528		187		Jun-20
Industrial	Union City, GA	—		2,536		22,830		25,366		1,512		Jun-19
Industrial	McDonough, GA	—		2,463		24,811		27,274		9,085		Dec-06
Industrial	Savannah, GA	—		3,775		34,325		38,100		379		Sep-20
Industrial	Edwardsville, IL	—		4,593		34,362		38,955		5,697		Dec-16
Industrial	Edwardsville, IL	—		3,649		41,310		44,959		4,660		Jun-18
Industrial	Minooka, IL	—		1,788		34,301		36,089		1,314		Jan-20
Industrial	Minooka, IL	—		3,432		40,949		44,381		1,775		Dec-19
Industrial	Minooka, IL	—		3,681		45,817		49,498		1,936		Jan-20
Industrial	Rantoul, IL	—		1,304		32,562		33,866		6,263		Jan-14	2014
Industrial	Rockford, IL	—		371		2,647		3,018		1,021		Dec-06
Industrial	Rockford, IL	—		509		5,921		6,430		2,077		Dec-06
Industrial	Romeoville, IL	—		7,524		40,167		47,691		6,778		Dec-16
Industrial	Lafayette, IN	—		662		15,578		16,240		2,600		Oct-17
Industrial	Lebanon, IN	—		2,100		29,907		32,007		4,747		Feb-17
Industrial	Whitestown, IN	—		1,954		16,821		18,775		1,437		Jan-19
Industrial	New Century, KS	—		—		13,330		13,330		2,286		Feb-17
Industrial	Dry Ridge, KY	—		568		12,553		13,121		6,761		Jun-05
Industrial	Elizabethtown, KY	—		890		26,868		27,758		14,472		Jun-05
Industrial	Elizabethtown, KY	—		352		4,862		5,214		2,619		Jun-05
Industrial	Hopkinsville, KY	—		631		16,154		16,785		9,283		Jun-05
Industrial	Owensboro, KY	—		393		11,956		12,349		7,468		Jun-05
Industrial	Owensboro, KY	—		819		2,439		3,258		1,247		Dec-06
Industrial	Shreveport, LA	—		1,078		10,134		11,212		3,121		Jun-12	2012
Industrial	Shreveport, LA	—		860		21,840		22,700		7,531		Mar-07
Industrial	North Berwick, ME	—		1,383		35,659		37,042		12,526		Dec-06
Industrial	Detroit, MI	—		1,133		25,009		26,142		6,504		Jan-16
Industrial	Kalamazoo, MI	—		958		4,725		5,683		80		Sep-12
Industrial	Marshall, MI	—		143		4,302		4,445		3,658		Sep-12
Industrial	Plymouth, MI	—		2,296		15,772		18,068		7,325		Jun-07
Industrial	Romulus, MI	—		2,438		33,786		36,224		5,615		Nov-17
Industrial	Warren, MI	25,850		972		42,521		43,493		5,628		Nov-17
Industrial	Minneapolis, MN	—		1,886		1,922		3,808		499		Sep-12
Industrial	Byhalia, MS	—		1,006		35,795		36,801		8,460		May-11	2011
Industrial	Byhalia, MS	—		1,751		31,236		32,987		5,913		Sep-17
Industrial	Canton, MS	—		5,077		71,289		76,366		19,856		Mar-15
Industrial	Olive Branch, MS	—		2,500		42,556		45,056		5,393		Apr-18
Industrial	Olive Branch, MS	—		1,958		38,702		40,660		4,920		Apr-18
Industrial	Olive Branch, MS	—		2,646		40,446		43,092		2,756		May-19
Industrial	Olive Branch, MS	—		851		15,464		16,315		1,041		May-19

Description	Location	Encumbrances	Land and Land Estates	Buildings and Improvements	Total	Accumulated Depreciation and Amortization(1)	Date Acquired	Date Constructed
Industrial	Henderson, NC	—	1,488	7,185	8,673	2,846	Nov-01
Industrial	Lumberton, NC	—	405	12,049	12,454	5,426	Dec-06
Industrial	Shelby, NC	—	1,421	18,862	20,283	6,713	Jun-11	2011
Industrial	Durham, NH	—	2,426	6,982	9,408	—	Jun-07
Industrial	North Las Vegas, NV	—	3,244	21,732	24,976	4,214	Jul-13	2014
Industrial	Erwin, NY	—	1,648	12,514	14,162	4,021	Sep-12
Industrial	Long Island City, NY	32,779	—	42,759	42,759	22,280	Mar-13	2013
Industrial	Cincinnati, OH	—	1,049	8,784	9,833	3,655	Dec-06
Industrial	Columbus, OH	—	1,990	12,451	14,441	4,904	Dec-06
Industrial	Glenwillow, OH	—	2,228	24,530	26,758	8,971	Dec-06
Industrial	Hebron, OH	—	1,063	4,947	6,010	2,383	Dec-97
Industrial	Hebron, OH	—	1,681	8,179	9,860	4,119	Dec-01
Industrial	Morone, OH	—	544	12,370	12,914	706	Sep-19
Industrial	Morone, OH	—	3,123	60,702	63,825	3,612	Sep-19
Industrial	Morone, OH	—	3,950	88,422	92,372	5,067	Sep-19
Industrial	Streetsboro, OH	—	2,441	25,282	27,723	11,198	Jun-07
Industrial	Wilsonville, OR	—	6,815	32,424	39,239	6,025	Sep-16
Industrial	Bristol, PA	—	2,508	15,863	18,371	8,802	Mar-98
Industrial	Chester, SC	4,913	1,629	8,470	10,099	2,578	Sep-12
Industrial	Duncan, SC	—	1,406	14,272	15,678	775	Oct-19
Industrial	Duncan, SC	—	1,257	13,252	14,509	722	Oct-19
Industrial	Duncan, SC	—	1,615	27,830	29,445	2,052	Apr-19
Industrial	Duncan, SC	—	884	8,755	9,639	3,042	Jun-07
Industrial	Greer, SC	—	6,959	78,405	85,364	3,331	Dec-19
Industrial	Laurens, SC	—	5,552	21,908	27,460	9,002	Jun-07
Industrial	Spartanburg,SC	—	1,447	23,758	25,205	2,987	Aug-18
Industrial	Spartanburg, SC	—	1,186	15,814	17,000	—	Dec-20
Industrial	Cleveland, TN	—	1,871	29,743	31,614	4,759	May-17
Industrial	Crossville, TN	—	545	6,999	7,544	5,277	Jan-06
Industrial	Franklin, TN	—	—	5,673	5,673	3,980	Sep-12
Industrial	Jackson, TN	—	1,454	49,031	50,485	6,823	Sep-17
Industrial	Lewisburg, TN	—	173	10,865	11,038	2,262	May-14
Industrial	Millington, TN	—	723	19,383	20,106	14,810	Apr-05
Industrial	Smyrna, TN	—	1,793	93,940	95,733	13,400	Sep-17
Industrial	Arlington, TX	—	589	7,739	8,328	2,193	Sep-12
Industrial	Brookshire, TX	—	2,388	16,614	19,002	4,401	Mar-15
Industrial	Carrollton, TX	—	3,228	15,784	19,012	2,309	Sep-18
Industrial	Dallas, TX	—	2,420	23,330	25,750	1,642	Apr-19
Industrial	Grand Prairie, TX	—	3,166	17,985	21,151	2,730	Jun-17
Industrial	Houston, TX	—	4,674	19,540	24,214	11,599	Mar-15
Industrial	Houston, TX	—	15,055	57,949	73,004	13,979	Mar-13
Industrial	Hutchins, TX	—	1,307	8,466	9,773	220	May-20
Industrial	Lancaster, TX	—	3,847	25,038	28,885	—	Dec-20
Industrial	Missouri City, TX	—	14,555	5,895	20,450	5,895	Apr-12
Industrial	Northlake, TX	—	4,500	71,636	76,136	2,552	Feb-20
Industrial	Northlake, TX	—	3,938	37,185	41,123	139	Dec-20
Industrial	Pasadena, TX	—	2,202	17,096	19,298	368	Jun-20
Industrial	Pasadena, TX	—	4,057	17,810	21,867	1,899	Aug-18
Industrial	San Antonio, TX	—	1,311	36,644	37,955	5,517	Jun-17
Industrial	Chester, VA	—	8,544	53,067	61,611	5,488	Dec-18
Industrial	Winchester, VA	—	1,988	32,536	34,524	4,176	Dec-17
Industrial	Winchester, VA	—	3,823	12,276	16,099	4,918	Jun-07
Industrial	Winchester, VA	—	2,818	24,423	27,241	357	Sep-20
Industrial	Bingen, WA	—	—	18,075	18,075	6,132	May-14	2014
Multi-tenant/vacant
Industrial	Statesville, NC	—	891	16,771	17,662	6,545	Dec-06
Industrial	Chillicothe, OH	—	735	10,939	11,674	3,911	Oct-11

Description	Location	Encumbrances		Land and Land Estates		Buildings and Improvements		Total		Accumulated Depreciation and Amortization(1)		Date Acquired	Date Constructed
Industrial	Antioch, TN	—		3,847		12,659		16,506		4,575		May-07
OFFICE PROPERTIES
Single-tenant
Office	Tucson, AZ	—		681		4,037		4,718		1,427		Sep-12
Office	Palo Alto, CA	20,176		12,398		16,977		29,375		25,642		Dec-06
Office	McDonough, GA	—		693		6,405		7,098		1,942		Sep-12
Office	Wall, NJ	1,867		8,985		26,961		35,946		17,824		Jan-04
Office	Whippany, NJ	10,950		4,063		19,711		23,774		11,449		Nov-06
Office	Philadelphia, PA	—		13,209		66,071		79,280		45,920		Jun-05
Office	Florence, SC	—		774		3,629		4,403		938		Feb-12	2012
Office	Fort Mill, SC	—		1,798		26,964		28,762		20,773		Nov-04
Office	Fort Mill, SC	—		3,601		16,306		19,907		7,381		Dec-02
Office	Arlington, TX	—		1,274		15,777		17,051		4,536		Sep-12
Office	Mission, TX	—		2,556		2,911		5,467		1,270		Sep-12
Office	Herndon, VA	—		5,127		25,293		30,420		12,789		Dec-99
Multi-tenant/vacant
Office	Phoenix, AZ	—		1,096		6,228		7,324		806		Nov-01
Office	Baton Rouge, LA	—		340		1,535		1,875		—		May-07
OTHER PROPERTIES
Single-tenant/Specialty
Other	Venice, FL	—		4,696		11,753		16,449		10,712		Jan-15
Other	Baltimore, MD	—		4,605		—		4,605		—		Dec-06
Other	Baltimore, MD	—		5,000		—		5,000		—		Dec-15
Multi-tenant
Other	Honolulu, HI	—		8,259		7,471		15,730		7,416		Dec-06
Construction in progress		—		—		—		3,116		—
Deferred loan costs, net		(1,883)		—		—		—		—
		$	136,529	$	367,272	$	3,144,176	$	3,514,564	$	684,468

(1) Depreciation and amortization expense is calculated on a straight-line basis over the following lives:

Building and improvements	Up to 40 years
Land estates	Up to 51 years
Tenant improvements	Shorter of useful life or term of related lease

The initial cost includes the purchase price paid directly or indirectly by the Company. The total cost basis of the Company's properties at December 31, 2020 for federal income tax purposes was approximately $4.0 billion.

	2020		2019		2018
Reconciliation of real estate, at cost:
Balance at the beginning of year	$	3,320,574	$	3,090,134	$	3,936,459
Additions during year	580,861		663,742		310,207
Properties sold and impaired during the year	(354,218)		(496,730)		(1,091,956)
Other reclassifications	(32,653)		63,428		(64,576)
Balance at end of year	$	3,514,564	$	3,320,574	$	3,090,134
Reconciliation of accumulated depreciation and amortization:
Balance at the beginning of year	$	675,596	$	722,644	$	890,969
Depreciation and amortization expense	127,504		118,525		136,571
Accumulated depreciation and amortization of properties sold and impaired during year	(102,261)		(177,709)		(290,938)
Other reclassifications	(16,371)		12,136		(13,958)
Balance at end of year	$	684,468	$	675,596	$	722,644