Schedule III - Real Estate and Accumulated Depreciation and Amortization

12 Months Ended

Dec. 31, 2021

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
WAREHOUSE/DISTRIBUTION PROPERTIES
Stabilized:
Industrial	Chandler, AZ	$	—	$	10,733	$	69,491	$	80,224	$	3,768	Nov-20
Industrial	Goodyear, AZ	—		5,247		36,115		41,362		5,088		Nov-18
Industrial	Goodyear, AZ	41,646		11,970		48,925		60,895		4,584		Nov-19
Industrial	Goodyear, AZ	—		1,614		16,222		17,836		1,317		Jan-20
Industrial	Goodyear, AZ	—		11,732		49,758		61,490		345		Nov-21	2021
Industrial	Tolleson, AZ	—		3,311		16,013		19,324		1,589		Oct-19
Industrial	Ocala, FL	—		4,113		49,936		54,049		3,278		Jun-20
Industrial	Orlando, FL	—		1,030		10,869		11,899		4,597		Dec-06
Industrial	Tampa, FL	—		2,160		10,311		12,471		7,697		Jul-88
Industrial	Austell, GA	—		3,251		48,459		51,710		6,775		Jun-19
Industrial	Cartersville, GA	—		2,497		42,255		44,752		—		Dec-21
Industrial	Cartersville, GA	—		2,006		33,276		35,282		—		Dec-21
Industrial	Fairburn, GA	—		7,209		40,359		47,568		269		Nov-21	2021
Industrial	McDonough, GA	—		5,441		52,790		58,231		9,678		Aug-17
Industrial	McDonough, GA	—		3,253		30,956		34,209		3,936		Feb-19
Industrial	Pooler, GA	—		1,690		30,346		32,036		2,332		Apr-20
Industrial	Rincon, GA	—		3,775		34,325		38,100		1,896		Sep-20
Industrial	Savannah, GA	—		2,560		25,812		28,372		1,752		Jun-20
Industrial	Savannah, GA	—		1,070		7,458		8,528		508		Jun-20
Industrial	Union City, GA	—		2,536		22,830		25,366		2,520		Jun-19
Industrial	Edwardsville, IL	—		4,593		34,565		39,158		7,130		Dec-16
Industrial	Edwardsville, IL	—		3,649		41,310		44,959		6,524		Jun-18
Industrial	Minooka, IL	—		1,788		34,301		36,089		2,747		Jan-20
Industrial	Minooka, IL	—		3,432		40,949		44,381		3,550		Dec-19
Industrial	Minooka, IL	—		3,681		45,817		49,498		3,873		Jan-20
Industrial	Rantoul, IL	—		1,304		32,562		33,866		7,157		Jan-14	2014
Industrial	Rockford, IL	—		371		2,647		3,018		1,109		Dec-06
Industrial	Rockford, IL	—		509		5,921		6,430		2,234		Dec-06
Industrial	Lafayette, IN	—		662		15,578		16,240		3,401		Oct-17
Industrial	Lebanon, IN	—		2,100		29,996		32,096		5,985		Feb-17
Industrial	Whiteland, IN	—		741		14,488		15,229		157		Oct-21
Industrial	Whiteland, IN	—		1,991		39,338		41,329		439		Oct-21
Industrial	Whiteland, IN	—		695		13,958		14,653		151		Oct-21
Industrial	Whitestown, IN	—		1,162		11,825		12,987		475		Jan-21
Industrial	Whitestown, IN	—		1,954		17,011		18,965		2,171		Jan-19
Industrial	Whitestown, IN	—		1,208		12,052		13,260		485		Jan-21
Industrial	Whitestown, IN	—		8,335		80,051		88,386		—		Dec-21
Industrial	New Century, KS	—		—		13,424		13,424		2,898		Feb-17
Industrial	Shreveport, LA	—		1,078		10,134		11,212		3,379		Jun-12	2012
Industrial	Shreveport, LA	—		860		21,840		22,700		8,075		Mar-07
Industrial	Detroit, MI	—		1,133		25,009		26,142		7,805		Jan-16
Industrial	Romulus, MI	—		2,438		33,786		36,224		7,389		Nov-17
Industrial	Minneapolis, MN	—		1,886		1,922		3,808		559		Sep-12
Industrial	Byhalia, MS	—		1,006		35,795		36,801		9,570		May-11	2011
Industrial	Byhalia, MS	—		1,751		31,429		33,180		7,735		Sep-17
Industrial	Canton, MS	—		5,077		71,289		76,366		23,310		Mar-15
Industrial	Olive Branch, MS	—		2,500		42,556		45,056		7,299		Apr-18
Industrial	Olive Branch, MS	—		1,958		38,702		40,660		6,710		Apr-18
Industrial	Olive Branch, MS	—		2,646		40,446		43,092		4,497		May-19
Industrial	Olive Branch, MS	—		851		15,464		16,315		1,699		May-19
Industrial	Henderson, NC	—		1,488		7,222		8,710		3,091		Nov-01
Industrial	Shelby, NC	—		1,421		18,862		20,283		7,420		Jun-11	2011
Industrial	Statesville, NC	—		891		18,594		19,485		7,036		Dec-06
Industrial	Erwin, NY	—		1,648		12,514		14,162		4,488		Sep-12
Industrial	Long Island City, NY	28,980		—		42,759		42,759		25,128		Mar-13	2013

Description	Location	Encumbrances	Land and Land Estates	Buildings and Improvements	Total	Accumulated Depreciation and Amortization(1)	Date Acquired	Date Constructed
Industrial	Chillicothe, OH	—	735	10,939	11,674	4,315	Oct-11
Industrial	Columbus, OH	—	2,251	25,280	27,531	364	Aug-21
Industrial	Glenwillow, OH	—	2,228	24,530	26,758	9,570	Dec-06
Industrial	Hebron, OH	—	1,063	4,947	6,010	2,565	Dec-97
Industrial	Hebron, OH	—	2,052	8,179	10,231	4,373	Dec-01
Industrial	Lockbourne, OH	—	2,800	16,731	19,531	626	Mar-21	2021
Industrial	Monroe, OH	—	1,109	16,477	17,586	419	Dec-21
Industrial	Monroe, OH	—	544	12,370	12,914	1,236	Sep-19
Industrial	Monroe, OH	—	3,123	60,702	63,825	6,321	Sep-19
Industrial	Monroe, OH	—	3,950	88,422	92,372	8,867	Sep-19
Industrial	Streetsboro, OH	—	2,441	25,282	27,723	11,970	Jun-07
Industrial	Wilsonville, OR	—	6,815	32,424	39,239	7,444	Sep-16
Industrial	Bristol, PA	—	2,508	15,863	18,371	9,355	Mar-98
Industrial	Duncan, SC	—	2,819	24,508	27,327	529	Jul-21
Industrial	Duncan, SC	—	1,169	23,070	24,239	490	Jul-21
Industrial	Duncan, SC	—	1,020	17,444	18,464	371	Jul-21
Industrial	Duncan, SC	—	1,710	27,817	29,527	594	Jul-21
Industrial	Duncan, SC	—	1,406	14,272	15,678	1,395	Oct-19
Industrial	Duncan, SC	—	1,257	13,252	14,509	1,300	Oct-19
Industrial	Duncan, SC	—	1,615	27,830	29,445	3,284	Apr-19
Industrial	Greer, SC	—	2,376	32,127	34,503	687	Jun-21
Industrial	Greer, SC	—	6,959	78,405	85,364	6,661	Dec-19
Industrial	Spartanburg, SC	—	1,447	23,758	25,205	4,267	Aug-18
Industrial	Spartanburg, SC	—	1,186	15,820	17,006	697	Dec-20
Industrial	Antioch, TN	—	3,847	13,926	17,773	5,152	May-07
Industrial	Cleveland, TN	—	1,871	29,743	31,614	6,056	May-17
Industrial	Jackson, TN	—	1,454	49,132	50,586	8,928	Sep-17
Industrial	Lewisburg, TN	—	173	10,865	11,038	2,601	May-14
Industrial	Millington, TN	—	723	20,383	21,106	15,590	Apr-05
Industrial	Smyrna, TN	—	1,793	93,940	95,733	17,523	Sep-17
Industrial	Carrollton, TX	—	3,228	16,234	19,462	3,301	Sep-18
Industrial	Dallas, TX	—	2,420	23,330	25,750	2,628	Apr-19
Industrial	Deer Park, TX	—	6,489	28,470	34,959	828	May-21
Industrial	Grand Prairie, TX	—	3,166	17,985	21,151	3,509	Jun-17
Industrial	Houston, TX	—	15,055	57,949	73,004	15,783	Mar-13
Industrial	Hutchins, TX	—	1,307	8,466	9,773	596	May-20
Industrial	Lancaster, TX	—	3,847	25,037	28,884	1,098	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	5,614	Feb-20
Industrial	Northlake, TX	—	3,938	37,189	41,127	1,802	Dec-20
Industrial	Pasadena, TX	—	2,202	17,096	19,298	1,104	Jun-20
Industrial	Pasadena, TX	—	4,272	22,296	26,568	642	May-21
Industrial	Pasadena, TX	—	1,792	9,089	10,881	259	May-21
Industrial	Pasadena, TX	—	4,057	17,810	21,867	2,713	Aug-18
Industrial	San Antonio, TX	—	1,311	36,644	37,955	7,093	Jun-17
Industrial	Chester, VA	—	8,544	53,067	61,611	8,123	Dec-18
Industrial	Winchester, VA	—	1,988	32,536	34,524	5,567	Dec-17
Industrial	Winchester, VA	—	3,823	12,276	16,099	5,222	Jun-07
Industrial	Winchester, VA	—	2,818	24,422	27,240	1,427	Sep-20
Not stabilized:
Industrial	Phoenix, AZ	—	8,027	73,650	81,677	—	Dec-21
Industrial	Lakeland, FL	—	1,416	20,140	21,556	782	Jan-21
Industrial	Plant City, FL	—	2,610	45,983	48,593	1,165	Jun-21
Industrial	Adairsville, GA	—	1,465	23,649	25,114	—	Dec-21
Industrial	Greer, SC	—	1,329	21,465	22,794	465	Jun-21
OTHER PROPERTIES
Other	Palo Alto, CA	13,803	12,400	16,977	29,377	26,886	Dec-06

Description	Location	Encumbrances		Land and Land Estates		Buildings and Improvements		Total		Accumulated Depreciation and Amortization(1)		Date Acquired	Date Constructed
Other	McDonough, GA	—		2,463		24,811		27,274		9,718		Dec-06
Other	Owensboro, KY	—		819		2,439		3,258		1,324		Dec-06
Other	Baltimore, MD	—		4,605		—		4,605		—		Dec-06
Construction in progress		—		—		—		5,482		—
Deferred loan costs, net		(1,337)		—		—		—		—
		$	83,092	$	342,895	$	3,235,601	$	3,583,978	$	504,699

(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, 2021 for federal income tax purposes was approximately $4.2 billion.

	2021		2020		2019
Reconciliation of real estate, at cost:
Balance at the beginning of year	$	3,514,564	$	3,320,574	$	3,090,134
Additions during year	860,311		580,861		663,742
Properties sold and impaired during the year	(653,247)		(354,218)		(496,730)
Other reclassifications	(137,650)		(32,653)		63,428
Balance at end of year	$	3,583,978	$	3,514,564	$	3,320,574
Reconciliation of accumulated depreciation and amortization:
Balance at the beginning of year	$	684,468	$	675,596	$	722,644
Depreciation and amortization expense	138,879		127,504		118,525
Accumulated depreciation and amortization of properties sold and impaired during year	(244,751)		(102,261)		(177,709)
Other reclassifications	(73,897)		(16,371)		12,136
Balance at end of year	$	504,699	$	684,468	$	675,596