Schedule III - Real Estate and Accumulated Depreciation and Amortization

12 Months Ended

Dec. 31, 2022

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	$	69,517	$	80,250	$	7,001	Nov-20
Industrial	Goodyear, AZ	—		5,247		36,115		41,362		6,738		Nov-18
Industrial	Goodyear, AZ	40,935		11,970		50,072		62,042		6,822		Nov-19
Industrial	Goodyear, AZ	—		1,614		16,222		17,836		1,975		Jan-20
Industrial	Goodyear, AZ	—		11,732		52,840		64,572		2,486		Nov-21	2021
Industrial	Phoenix, AZ	—		8,027		77,140		85,167		3,326		Dec-21
Industrial	Phoenix, AZ	—		5,366		50,281		55,647		1,575		Apr-22
Industrial	Tolleson, AZ	—		3,311		16,013		19,324		2,295		Oct-19
Industrial	Lakeland, FL	—		1,416		20,986		22,402		1,676		Jan-21
Industrial	Ocala, FL	—		4,113		49,991		54,104		5,469		Jun-20
Industrial	Orlando, FL	—		1,030		10,869		11,899		4,903		Dec-06
Industrial	Plant City, FL	—		2,610		45,983		48,593		3,161		Dec-21
Industrial	Tampa, FL	—		2,160		11,109		13,269		8,065		Jul-88
Industrial	Adairsville, GA	—		1,465		23,950		25,415		1,040		Dec-21
Industrial	Austell, GA	—		3,251		51,518		54,769		10,517		Jun-19
Industrial	Cartersville, GA	—		2,497		42,242		44,739		1,901		Dec-21
Industrial	Cartersville, GA	—		2,006		33,279		35,285		1,460		Dec-21
Industrial	Fairburn, GA	—		7,209		44,030		51,239		2,083		Nov-21	2021
Industrial	McDonough, GA	—		5,441		52,790		58,231		11,870		Aug-17
Industrial	McDonough, GA	—		3,253		30,956		34,209		5,286		Feb-19
Industrial	Pooler, GA	—		1,690		30,346		32,036		3,664		Apr-20
Industrial	Rincon, GA	—		3,775		34,357		38,132		3,414		Sep-20
Industrial	Savannah, GA	—		2,560		25,812		28,372		2,861		Jun-20
Industrial	Savannah, GA	—		1,070		7,458		8,528		830		Jun-20
Industrial	Union City, GA	—		2,536		22,830		25,366		3,528		Jun-19
Industrial	Edwardsville, IL	—		4,593		34,588		39,181		8,606		Dec-16
Industrial	Edwardsville, IL	—		3,649		41,310		44,959		8,388		Jun-18
Industrial	Minooka, IL	—		1,788		34,301		36,089		4,181		Jan-20
Industrial	Minooka, IL	—		3,432		40,949		44,381		5,325		Dec-19
Industrial	Minooka, IL	—		3,681		45,817		49,498		5,809		Jan-20
Industrial	Rantoul, IL	—		1,304		32,562		33,866		8,052		Jan-14	2014
Industrial	Rockford, IL	—		371		2,647		3,018		1,171		Dec-06
Industrial	Rockford, IL	—		509		5,921		6,430		2,391		Dec-06
Industrial	Lafayette, IN	—		662		15,814		16,476		4,203		Oct-17
Industrial	Lebanon, IN	—		2,100		29,996		32,096		7,230		Feb-17
Industrial	Whiteland, IN	—		741		14,486		15,227		785		Oct-21
Industrial	Whiteland, IN	—		1,991		39,334		41,325		2,195		Oct-21
Industrial	Whiteland, IN	—		695		13,956		14,651		755		Oct-21
Industrial	Whitestown, IN	—		1,162		11,825		12,987		992		Jan-21
Industrial	Whitestown, IN	—		1,954		17,011		18,965		2,917		Jan-19
Industrial	Whitestown, IN	—		1,208		12,052		13,260		1,014		Jan-21
Industrial	Whitestown, IN	—		8,335		80,054		88,389		3,695		Dec-21
Industrial	New Century, KS	—		—		13,424		13,424		3,515		Feb-17
Industrial	Walton, KY	—		2,010		21,457		23,467		790		Feb-22
Industrial	Walton, KY	—		4,197		41,043		45,240		1,504		Feb-22
Industrial	Minneapolis, MN	—		1,886		1,922		3,808		618		Sep-12
Industrial	Byhalia, MS	—		1,006		35,795		36,801		10,679		May-11	2011
Industrial	Byhalia, MS	—		1,751		31,429		33,180		9,588		Sep-17
Industrial	Canton, MS	—		5,077		71,289		76,366		26,763		Mar-15
Industrial	Olive Branch, MS	—		2,500		48,907		51,407		9,176		Apr-18
Industrial	Olive Branch, MS	—		1,958		38,702		40,660		8,500		Apr-18
Industrial	Olive Branch, MS	—		2,646		40,446		43,092		6,238		May-19
Industrial	Olive Branch, MS	—		851		15,630		16,481		2,360		May-19
Industrial	Shelby, NC	—		1,421		18,862		20,283		7,978		Jun-11	2011
Industrial	Statesville, NC	—		891		21,994		22,885		7,831		Dec-06

Description	Location	Encumbrances	Land and Land Estates	Buildings and Improvements	Total	Accumulated Depreciation and Amortization(1)	Date Acquired	Date Constructed
Industrial	Erwin, NY	—	1,648	12,514	14,162	4,956	Sep-12
Industrial	Long Island City, NY	25,046	—	42,759	42,759	27,976	Mar-13	2013
Industrial	Chillicothe, OH	—	735	10,939	11,674	4,719	Oct-11
Industrial	Columbus, OH	—	2,251	25,279	27,530	1,476	Aug-21
Industrial	Glenwillow, OH	—	2,228	24,530	26,758	10,168	Dec-06
Industrial	Hebron, OH	—	1,803	5,796	7,599	2,797	Dec-97
Industrial	Hebron, OH	—	2,052	10,316	12,368	4,716	Dec-01
Industrial	Lockbourne, OH	—	2,800	16,678	19,478	1,456	Mar-21	2021
Industrial	Monroe, OH	—	1,109	16,477	17,586	1,137	Dec-21
Industrial	Monroe, OH	—	544	14,120	14,664	1,912	Sep-19
Industrial	Monroe, OH	—	3,123	60,702	63,825	9,031	Sep-19
Industrial	Monroe, OH	—	3,950	88,422	92,372	12,667	Sep-19
Industrial	Streetsboro, OH	—	2,441	25,282	27,723	12,742	Jun-07
Industrial	Bristol, PA	—	2,508	15,863	18,371	9,909	Mar-98
Industrial	Duncan, SC	—	2,819	24,509	27,328	1,588	Jul-21
Industrial	Duncan, SC	—	1,169	23,070	24,239	1,469	Jul-21
Industrial	Duncan, SC	—	1,020	18,328	19,348	1,136	Jul-21
Industrial	Duncan, SC	—	1,710	27,817	29,527	1,782	Jul-21
Industrial	Duncan, SC	—	1,406	14,272	15,678	2,014	Oct-19
Industrial	Duncan, SC	—	1,257	13,252	14,509	1,877	Oct-19
Industrial	Duncan, SC	—	1,615	27,830	29,445	4,515	Apr-19
Industrial	Greer, SC	—	1,329	22,393	23,722	1,417	Jun-21
Industrial	Greer, SC	—	6,959	78,405	85,364	9,992	Dec-19
Industrial	Greer, SC	—	2,376	32,129	34,505	2,062	Jun-21
Industrial	Greer, SC	—	2,484	61,583	64,067	—	Jul-21	2022
Industrial	Spartanburg, SC	—	1,447	23,758	25,205	5,548	Aug-18
Industrial	Spartanburg, SC	—	1,186	15,820	17,006	1,394	Dec-20
Industrial	Antioch, TN	—	3,847	17,357	21,204	5,858	May-07
Industrial	Cleveland, TN	—	1,871	29,743	31,614	7,354	May-17
Industrial	Jackson, TN	—	1,454	49,134	50,588	11,038	Sep-17
Industrial	Lewisburg, TN	—	173	10,865	11,038	2,941	May-14
Industrial	Millington, TN	—	723	20,664	21,387	15,887	Apr-05
Industrial	Smyrna, TN	—	1,793	93,940	95,733	21,646	Sep-17
Industrial	Carrollton, TX	—	3,228	16,234	19,462	4,278	Sep-18
Industrial	Dallas, TX	—	2,420	23,330	25,750	3,613	Apr-19
Industrial	Deer Park, TX	—	6,489	28,470	34,959	2,070	May-21
Industrial	Grand Prairie, TX	—	3,166	17,985	21,151	4,289	Jun-17
Industrial	Houston, TX	—	15,055	57,949	73,004	17,586	Mar-13
Industrial	Hutchins, TX	—	1,307	8,472	9,779	974	May-20
Industrial	Lancaster, TX	—	3,847	25,037	28,884	2,195	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	8,676	Feb-20
Industrial	Northlake, TX	—	3,938	37,189	41,127	3,466	Dec-20
Industrial	Pasadena, TX	—	4,272	22,295	26,567	1,604	May-21
Industrial	Pasadena, TX	—	2,202	17,135	19,337	1,843	Jun-20
Industrial	Pasadena, TX	—	1,792	9,089	10,881	648	May-21
Industrial	Pasadena, TX	—	4,057	17,810	21,867	3,526	Aug-18
Industrial	San Antonio, TX	—	1,311	36,644	37,955	8,669	Jun-17
Industrial	Chester, VA	—	8,544	53,067	61,611	10,757	Dec-18
Industrial	Winchester, VA	—	1,988	32,536	34,524	6,959	Dec-17
Industrial	Winchester, VA	—	2,818	24,422	27,240	2,497	Sep-20
Industrial	Winchester, VA	—	3,823	12,373	16,196	5,530	Jun-07
OTHER PROPERTIES
Other	Palo Alto, CA	7,173	12,400	16,977	29,377	28,131	Dec-06
Other	Owensboro, KY	—	819	2,439	3,258	1,401	Dec-06
Other	Baltimore, MD	—	4,605	—	4,605	—	Dec-06
Other	Fort Mill, SC	—	1,798	26,964	28,762	21,574	Aug-04

Description	Location	Encumbrances		Land and Land Estates		Buildings and Improvements		Total		Accumulated Depreciation and Amortization(1)		Date Acquired	Date Constructed
Other	Fort Mill, SC	—		3,601		16,306		19,907		8,471		Dec-02
Construction in progress		—		—		—		9,221		—
Deferred loan costs, net		(1,051)		—		—		—		—
		$	72,103	$	346,816	$	3,335,029	$	3,691,066	$	627,027

(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, 2022 for federal income tax purposes was approximately $4.4 billion.

	2022		2021		2020
Reconciliation of real estate, at cost:
Balance at the beginning of year	$	3,583,978	$	3,514,564	$	3,320,574
Additions during year	229,962		860,311		580,861
Properties sold and impaired during the year	(161,393)		(653,247)		(354,218)
Other reclassifications	38,519		(137,650)		(32,653)
Balance at end of year	$	3,691,066	$	3,583,978	$	3,514,564
Reconciliation of accumulated depreciation and amortization:
Balance at the beginning of year	$	504,699	$	684,468	$	675,596
Depreciation and amortization expense	144,163		138,879		127,504
Accumulated depreciation and amortization of properties sold and impaired during year	(43,521)		(244,751)		(102,261)
Other reclassifications	21,686		(73,897)		(16,371)
Balance at end of year	$	627,027	$	504,699	$	684,468