Schedule III—Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2022

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

Schedule III—Real Estate and Accumulated Depreciation

SERVICE PROPERTIES TRUST

SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2022

(dollars in millions)

		Initial Cost to Company				Costs Capitalized Subsequent to Acquisition						Gross Amount at which Carried at Close of Period
		Land		Building & Improvements		Improvements		Impairment		Cost Basis Adjustment(1)		Land		Building & Improvements		Total(2)
	Hotel Properties
17	Royal Sonesta	$	227	$	1,118	$	408	$	(9)	$	(12)	$	229	$	1,503	$	1,732
22	Sonesta	136		588		338		(51)		(9)		136		866		1,002
60	Sonesta ES Suites	132		557		343		(35)		(62)		132		803		935
44	Sonesta Select	84		395		249		(8)		(77)		84		559		643
51	Simply Suites	68		341		104		(17)		(24)		68		404		472
17	Hyatt Place	20		137		36		—		(3)		20		170		190
5	Radisson Hotel	9		93		48		—		—		9		141		150
1	Crowne Plaza	17		69		30		—		—		17		99		116
3	Country Inn and Suites	4		29		10		—		—		4		39		43
	Net Lease Properties
133	TravelCenters of America	568		939		469		—		(368)		576		1,032		1,608
44	Petro Stopping Centers	260		522		193		—		(209)		261		506		767
14	The Great Escape	19		64		—		—		—		19		64		83
3	Life Time Fitness	17		56		—		—		—		17		56		73
9	AMC Theatres	24		42		1		—		—		24		43		67
5	Buehler's Fresh Foods	10		49		—		—		—		10		49		59
59	Heartland Dental	11		37		—		—		—		11		37		48
10	Norms	23		24		—		—		—		23		24		47
19	Vacant	14		30		—		—		—		14		30		44
23	Express Oil Change	6		37		—		—		—		6		37		43
40	Pizza Hut	12		28		—		—		—		12		28		40
3	Flying J Travel Plaza	6		32		—		—		—		6		32		38
6	America's Auto Auction	7		23		4		—		—		7		27		34
4	Courthouse Athletic Club	5		28		—		—		—		5		28		33
2	Big Al's	3		28		—		—		—		3		28		31
21	Burger King	9		22		—		—		—		9		22		31
1	Fleet Farm	3		27		—		—		—		3		27		30
4	B&B Theatres	12		15		3		—		—		12		18		30
19	Hardee's	4		24		—		—		—		4		24		28
16	Martin's	7		20		—		—		—		7		20		27
5	Regal Cinemas	5		21		—		—		—		5		21		26
19	Arby's	7		19		—		—		—		7		19		26
20	Popeye's Chicken & Biscuits	8		17		—		—		—		8		17		25
4	Creme de la Creme	7		18		—		—		—		7		18		25
32	Church's Chicken	5		18		—		—		—		5		18		23
5	Mister Car Wash	2		19		—		—		—		2		19		21
6	United Supermarkets	4		17		—		—		—		4		17		21
2	Mesa Fitness	3		17		—		—		—		3		17		20
1	CarMax	5		13		—		—		—		5		13		18
13	Taco Bell	4		15		—		—		—		4		15		19
28	Uncle Ed's Oil Shoppe	6		12		—		—		—		6		12		18
1	Dave & Buster's	3		11		—		—		—		3		11		14
5	Pike Nursery	8		6		—		—		—		8		6		14
2	Fusion Gyms	3		10		1		—		—		3		11		14
2	HHI-Formtech	3		10		—		—		—		3		10		13
3	Golden Corral	4		8		—		—		—		4		8		12
5	Rite Aid	3		9		—		—		—		3		9		12
5	Fuddruckers	4		6		—		—		—		4		6		10
2	Sanford's Grub & Pub	1		10		—		—		—		1		10		11
1	Baptist Emergency Hospital	2		8		—		—		—		2		8		10
2	Eddie Merlot's	2		8		—		—		—		2		8		10
1	Cermak Fresh Market	2		7		—		—		—		2		7		9
12	Core & Main	4		5		—		—		—		4		5		9

		Initial Cost to Company		Costs Capitalized Subsequent to Acquisition			Gross Amount at which Carried at Close of Period
		Land	Building & Improvements	Improvements	Impairment	Cost Basis Adjustment(1)	Land	Building & Improvements	Total(2)
5	Lerner and Rowe	1	8	—	—	—	1	8	9
1	Kohl's	2	6	—	—	—	2	6	8
1	Austin's Park n' Pizza	—	8	—	—	—	—	8	8
4	Meineke Car Care Center	3	6	—	—	—	3	6	9
1	Columbus Preparatory Academy	1	8	—	—	—	1	8	9
1	LA Fitness	1	7	—	—	—	1	7	8
1	Academy Sports + Outdoors	1	6	—	—	—	1	6	7
1	Marcus Theaters	2	5	1	—	—	2	6	8
3	Oregano's Pizza Bistro	1	6	—	—	—	1	6	7
1	Columbus Arts & Tech Academy	1	6	—	—	—	1	6	7
2	Blue Rhino	3	4	—	—	—	3	4	7
3	Texas Roadhouse	3	6	—	—	—	3	6	9
3	Krispy Kreme	2	5	—	—	—	2	5	7
2	Diagnostic Health	1	6	—	—	—	1	6	7
9	Sonic Drive-In	3	4	—	—	—	3	4	7
5	Brookshire Brothers	1	5	—	—	—	1	5	6
2	Flying Star Cafe	1	5	—	—	—	1	5	6
3	Jack's Family Restaurant	2	4	—	—	—	2	4	6
2	Axels	—	6	—	—	—	—	6	6
3	Wendy's	1	5	—	—	—	1	5	6
1	Jack Stack Barbeque	1	5	—	—	—	1	5	6
7	Hughes Supply	2	4	—	—	—	2	4	6
1	Multi-Tenant	1	4	—	—	—	1	4	5
1	Adult & Pediatric Orthopedics	1	4	—	—	—	1	4	5
2	Bricktown Brewery	1	4	—	—	—	1	4	5
2	Walgreens	—	5	—	—	—	—	5	5
2	10 Box	2	3	—	—	—	2	3	5
1	Mak Pack	1	4	—	—	—	1	4	5
1	ConForm Automotive	2	3	—	—	—	2	3	5
2	HD Supply White Cap	2	3	—	—	—	2	3	5
1	Planet Fitness	1	4	—	—	—	1	4	5
1	RGB Eye Associates	1	4	—	—	—	1	4	5
2	Gerber Collision & Glass	1	4	—	—	—	1	4	5
1	Discount Tire	1	4	—	—	—	1	4	5
2	Famous Dave's	1	3	—	—	—	1	3	4
1	Metaldyne BSM	—	4	—	—	—	—	4	4
3	Focus Child Development Center	1	3	—	—	—	1	3	4
1	Ashley Furniture	1	3	—	—	—	1	3	4
1	Boozman-Hof	2	2	—	—	—	2	2	4
1	Sportsman's Warehouse	1	3	—	—	—	1	3	4
1	Eriks Bike Shop	1	3	—	—	—	1	3	4
1	Max & Erma's	1	3	—	—	—	1	3	4
1	Joe's Crab Shack	1	3	—	—	—	1	3	4
1	Applebee's	1	2	—	—	—	1	2	3
1	Rainbow Kids Clinic	1	3	—	—	—	1	3	4
1	Tractor Supply	—	3	—	—	—	—	3	3
1	Spoons Place	1	2	—	—	—	1	2	3
1	Nacarato Trucks	—	2	—	—	—	—	2	2
1	Southwest Stainless, LP	—	3	—	—	—	—	3	3
1	Heytex USA	—	2	—	—	—	—	2	2
2	Anixter	1	2	—	—	—	1	2	3
1	What the Buck	—	3	—	—	—	—	3	3
1	Kerry's Car Care	1	2	—	—	—	1	2	3
2	Hooters	1	1	—	—	—	1	1	2
1	Mind 24-7	1	3	—	(3)	—	1	—	1
1	Ojos Locos Sports Cantina	1	2	—	—	—	1	2	3
1	Black Angus Steakhouse	1	2	—	—	—	1	2	3
1	Bridgestone Tire	1	1	—	—	—	1	1	2

		Initial Cost to Company				Costs Capitalized Subsequent to Acquisition						Gross Amount at which Carried at Close of Period
		Land		Building & Improvements		Improvements		Impairment		Cost Basis Adjustment(1)		Land		Building & Improvements		Total(2)
1	Buffalo Wild Wings	1		2		—		—		—		1		2		3
2	Taco Bueno	1		1		—		—		—		1		1		2
1	Slim Chickens	1		2		—		—		—		1		2		3
2	Monterey's Tex Mex	1		2		—		—		—		1		2		3
3	Rally's	1		1		—		—		—		1		1		2
1	Red Robin Gourmet Burgers	1		1		—		—		—		1		1		2
1	Primanti Bros.	1		1		—		—		—		1		1		2
1	Orscheln Farm and Home	1		1		—		—		—		1		1		2
1	Cycle Gear	1		1		—		—		—		1		1		2
2	Dollar General	—		2		—		—		—		—		2		2
2	Affordable Care, Inc.	1		1		—		—		—		1		1		2
1	Chicken Salad Chick	—		1		—		—		—		—		1		1
1	Wings, Etc	—		1		—		—		—		—		1		1
1	SRS Distribution	—		1		—		—		—		—		1		1
1	Bru Burger Bar	—		1		—		—		—		—		1		1
1	ERA Capital	—		1		—		—		—		—		1		1
1	Old Mexico Cantina	—		1		—		—		—		—		1		1
1	KFC	—		1		—		—		—		—		1		1
1	The Atlanta Center for Foot & Ankle Surgery	—		1		—		—		—		—		1		1
1	O'Reilly Auto Parts	—		1		—		—		—		—		1		1
1	Long John Silver's	1		1		—		—		—		1		1		2
1	Touchstone Imaging	—		1		—		—		—		—		1		1
1	Dunkin Donuts	—		—		—		—		—		—		—		—
1	Howlin Concrete	1		—		—		—		—		1		—		1
1	El Forastero	—		1		—		—		—		—		1		1
1	Bechheit	—		1		—		—		—		—		1		1
1	Little Caesars	—		1		—		—		—		—		1		1
1	NAPA Auto Parts	—		1		—		—		—		—		1		1
1	Robata	—		1		—		—		—		—		1		1
1	Off the Hook Seafood & More	—		—		—		—		—		—		—		—
1	Consolidated Pipe	—		—		—		—		—		—		—		—
1	Bigham Cable	—		—		—		—		—		—		—		—
1	Sharks Fish & Chicken	—		—		—		—		—		—		—		—
1	Kings Wings N Things	—		—		—		—		—		—		—		—
1	Family Dollar Stores	—		—		—		—		—		—		—		—
1	Del Taco	—		—		—		—		—		—		—		—
1	Scooters Coffee	—		—		—		—		—		—		—		—
	Other	2		8		2		—		—		2		10		12
981		$	1,892	$	5,928	$	2,240	$	(123)	$	(764)	$	1,903	$	7,271	$	9,174
	Assets Held for Sale
18	Hotels	$	25	$	123	$	75	$	(58)	$	(43)	$	19	$	97	$	116
4	Net Lease Service Retail	1		3		—		(2)				—		1		1
1,003	Total	$	1,918	$	6,054	$	2,315	$	(183)	$	(807)	$	1,922	$	7,369	$	9,291

(1)Represents reclassifications between accumulated depreciation and building & improvements made to record certain properties at fair value in accordance with GAAP.

(2)Excludes $386 of personal property classified in our consolidated balance sheets as furniture, fixtures and equipment.

SERVICE PROPERTIES TRUST

SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

December 31, 2022

(dollars in millions)

		Accumulated Depreciation(1)		Date of Construction	Date Acquired	Life on which Depreciation in Latest Income Statement is Computed
	Hotel Properties
17	Royal Sonesta	$	(383)	1913 through 1987	2005 through 2017	10 - 40 Years
22	Sonesta	(278)		1924 through 1999	2005 through 2018	10 - 40 Years
60	Sonesta ES Suites	(405)		1984 through 2000	1996 through 2017	10 - 40 Years
44	Sonesta Select	(326)		1987 through 2000	1995 through 2003	10 - 40 Years
51	Simply Suites	(209)		1996 through 2000	1997 through 2003	10 - 40 Years
17	Hyatt Place	(92)		1992 through 2000	1997 through 2002	10 - 40 Years
5	Radisson Hotel	(74)		1987 through 1990	1996 through 2018	10 - 40 Years
1	Crowne Plaza	(15)		1971 through 1988	2006 and 2017	10 - 40 Years
3	Country Inn and Suites	(21)		1987 through 1997	1996 and 2005	10 - 40 Years
133	Travel Centers of America	(524)		1962 through 2017	2007 through 2017	10 - 40 Years
44	Petro Stopping Centers	(238)		1975 through 2017	2007 through 2017	10 - 40 Years
40	Pizza Hut	(9)		1972 through 2006	2019	10 - 40 Years
5	Buehler's Fresh Foods	(8)		1980 through 2000	2019	10 - 40 Years
14	The Great Escape	(8)		1986 through 2007	2019	10 - 40 Years
9	AMC Theatres	(7)		1994 through 2008	2019	10 - 40 Years
3	Life Time Fitness	(7)		1987 through 2012	2019	10 - 40 Years
19	Vacant	(7)		1970 through 2008	2019	10 - 40 Years
21	Burger King	(5)		1997 through 2004	2019	10 - 40 Years
19	Arby's	(5)		1967 through 2005	2019	10 - 40 Years
19	Hardee's	(5)		1969 through 1997	2019	10 - 40 Years
59	Heartland Dental	(5)		1920 through 2005	2019	10 - 40 Years
23	Express Oil Change	(5)		1965 through 2001	2019	10 - 40 Years
4	Courthouse Athletic Club	(4)		1980 through 2001	2019	10 - 40 Years
20	Popeye's Chicken & Biscuits	(4)		1968 through 2003	2019	10 - 40 Years
6	America's Auto Auction	(4)		1960 through 2005	2019	10 - 40 Years
10	Norms	(4)		1957 through 2014	2019	10 - 40 Years
6	United Supermarkets	(3)		1979 through 1997	2019	10 - 40 Years
3	Flying J Travel Plaza	(3)		2001	2019	10 - 40 Years
16	Martin's	(3)		1962 through 2003	2019	10 - 40 Years
2	HHI-Formtech	(3)		1952	2019	10 - 40 Years
32	Church's Chicken	(3)		1968 through 1983	2019	10 - 40 Years
28	Uncle Ed's Oil Shoppe	(3)		1959 through 1999	2019	10 - 40 Years
1	Fleet Farm	(3)		1979	2019	10 - 40 Years
4	B&B Theatres	(3)		1998 through 2004	2019	10 - 40 Years
5	Regal Cinemas	(3)		2005 through 2010	2019	10 - 40 Years
13	Taco Bell	(2)		1982 through 2019	2019	10 - 40 Years
2	Big Al's	(2)		2006 through 2010	2019	10 - 40 Years
1	Cermak Fresh Market	(2)		1989	2019	10 - 40 Years
2	Mesa Fitness	(2)		1983 through 2007	2019	10 - 40 Years
5	Mister Car Wash	(2)		1960 through 2005	2019	10 - 40 Years

		Accumulated Depreciation(1)	Date of Construction	Date Acquired	Life on which Depreciation in Latest Income Statement is Computed
3	Golden Corral	(2)	1989 through 2000	2019	10 - 40 Years
5	Rite Aid	(2)	1991 through 2000	2019	10 - 40 Years
4	Creme de la Creme	(2)	1999 through 2009	2019	10 - 40 Years
5	Fuddruckers	(2)	1994 through 1995	2019	10 - 40 Years
1	CarMax	(2)	2005	2019	10 - 40 Years
2	Axels	(2)	1953 through 1995	2019	10 - 40 Years
2	Fusion Gyms	(1)	1987 through 1994	2019	10 - 40 Years
2	Sanford's Grub & Pub	(1)	1928 through 2003	2019	10 - 40 Years
1	Metaldyne BSM	(1)	1960	2019	10 - 40 Years
2	Bricktown Brewery	(1)	1904 through 1984	2019	10 - 40 Years
3	Oregano's Pizza Bistro	(1)	1964 through 2006	2019	10 - 40 Years
2	Eddie Merlot's	(1)	1997 through 2003	2019	10 - 40 Years
1	Marcus Theaters	(1)	1999	2019	10 - 40 Years
5	Brookshire Brothers	(1)	1990 through 1999	2019	10 - 40 Years
1	Austin's Park n' Pizza	(1)	2003	2019	10 - 40 Years
1	ConForm Automotive	(1)	1987	2019	10 - 40 Years
1	Sportsman's Warehouse	(1)	1983	2019	10 - 40 Years
12	Core & Main	(1)	1972 through 1998	2019	10 - 40 Years
1	Kohl's	(1)	1986	2019	10 - 40 Years
5	Pike Nursery	(1)	1970 through 1996	2019	10 - 40 Years
9	Sonic Drive-In	(1)	1987 through 2010	2019	10 - 40 Years
1	Dave & Buster's	(1)	1992	2019	10 - 40 Years
4	Meineke Car Care Center	(1)	1999 through 2000	2019	10 - 40 Years
3	Wendy's	(1)	1984 through 1996	2019	10 - 40 Years
2	Walgreens	(1)	1993 through 1999	2019	10 - 40 Years
7	Hughes Supply	(1)	1976 through 1993	2019	10 - 40 Years
2	10 Box	(1)	1994	2019	10 - 40 Years
5	Lerner and Rowe	(1)	1970 through 2007	2019	10 - 40 Years
1	Heytex USA	(1)	1967	2019	10 - 40 Years
3	Krispy Kreme	(1)	2000 through 2004	2019	10 - 40 Years
1	Joe's Crab Shack	(1)	1997	2019	10 - 40 Years
1	Jack Stack Barbeque	(1)	1983	2019	10 - 40 Years
1	Adult & Pediatric Orthopedics	(1)	1991	2019	10 - 40 Years
1	Columbus Preparatory Academy	(1)	2004	2019	10 - 40 Years
2	Diagnostic Health	(1)	1985 through 1997	2019	10 - 40 Years
2	Flying Star Cafe	(1)	1994 through 1999	2019	10 - 40 Years
1	Baptist Emergency Hospital	(1)	2013	2019	10 - 40 Years
1	Columbus Arts & Tech Academy	(1)	1980	2019	10 - 40 Years
1	What the Buck	(1)	1958	2019	10 - 40 Years
1	Eriks Bike Shop	(1)	1996	2019	10 - 40 Years
1	LA Fitness	(1)	2012	2019	10 - 40 Years
1	Max & Erma's	(1)	1990 through 2007	2019	10 - 40 Years
2	Gerber Collision & Glass	(1)	2001 through 2002	2019	10 - 40 Years
1	Ojos Locos Sports Cantina	(1)	1993	2019	10 - 40 Years
1	Academy Sports + Outdoors	(1)	2016	2019	10 - 40 Years
3	Jack's Family Restaurant	(1)	2008 through 2016	2019	10 - 40 Years

		Accumulated Depreciation(1)	Date of Construction	Date Acquired	Life on which Depreciation in Latest Income Statement is Computed
3	Texas Roadhouse	(1)	1992 through 2003	2019	10 - 40 Years
1	Nacarato Trucks	(1)	1985	2019	10 - 40 Years
2	HD Supply White Cap	(1)	1990 through 2001	2019	10 - 40 Years
1	Planet Fitness	(1)	2007	2019	10 - 40 Years
2	Taco Bueno	(1)	1991 through 2003	2019	10 - 40 Years
1	Mak Pack	(1)	2007	2019	10 - 40 Years
2	Blue Rhino	—	2004	2019	10 - 40 Years
2	Famous Dave's	—	1997 through 1999	2019	10 - 40 Years
1	Discount Tire	—	2009	2019	10 - 40 Years
2	Hooters	—	1997 through 1994	2019	10 - 40 Years
2	Monterey's Tex Mex	—	1979 through 1997	2019	10 - 40 Years
1	Multi-Tenant	—	2001	2019	10 - 40 Years
1	Cycle Gear	—	1996	2019	10 - 40 Years
1	Southwest Stainless, LP	—	1984	2019	10 - 40 Years
2	Anixter	—	1984 through 1999	2019	10 - 40 Years
1	Applebee's	—	1996	2019	10 - 40 Years
1	RGB Eye Associates	—	2013	2019	10 - 40 Years
1	Ashley Furniture	—	2000	2019	10 - 40 Years
1	Red Robin Gourmet Burgers	—	1995	2019	10 - 40 Years
1	Boozman-Hof	—	1988	2019	10 - 40 Years
3	Rally's	—	1990 through 1992	2019	10 - 40 Years
1	Tractor Supply	—	2007	2019	10 - 40 Years
1	SRS Distribution	—	1975	2019	10 - 40 Years
1	Rainbow Kids Clinic	—	2011	2019	10 - 40 Years
3	Focus Child Development Center	—	1965 through 1998	2019	10 - 40 Years
1	Bridgestone Tire	—	1998	2019	10 - 40 Years
1	Spoons Place	—	1996	2019	10 - 40 Years
1	El Forastero	—	1992	2019	10 - 40 Years
1	Bru Burger Bar	—	1996	2019	10 - 40 Years
1	Chicken Salad Chick	—	1976	2019	10 - 40 Years
1	Long John Silver's	—	1987	2019	10 - 40 Years
1	Buffalo Wild Wings	—	2014	2019	10 - 40 Years
1	KFC	—	2002	2019	10 - 40 Years
1	Slim Chickens	—	2014	2019	10 - 40 Years
1	Black Angus Steakhouse	—	1996	2019	10 - 40 Years
1	Dunkin Donuts	—	1977	2019	10 - 40 Years
1	Kerry's Car Care	—	2015	2019	10 - 40 Years
1	Orscheln Farm and Home	—	1997	2019	10 - 40 Years
1	Sharks Fish & Chicken	—	1985	2019	10 - 40 Years
1	ERA Capital	—	1999	2019	10 - 40 Years
1	O'Reilly Auto Parts	—	2006	2019	10 - 40 Years
1	Old Mexico Cantina	—	2007	2019	10 - 40 Years
2	Dollar General	—	2012 through 2015	2019	10 - 40 Years
1	Wings, Etc	—	2014	2019	10 - 40 Years
1	Touchstone Imaging	—	1992	2019	10 - 40 Years
1	Primanti Bros.	—	2014	2019	10 - 40 Years

		Accumulated Depreciation(1)		Date of Construction	Date Acquired	Life on which Depreciation in Latest Income Statement is Computed
1	Howlin Concrete	—		1930	2019	10 - 40 Years
1	Little Caesars	—		1996	2019	10 - 40 Years
1	Bigham Cable	—		1989	2019	10 - 40 Years
1	Consolidated Pipe	—		1987	2019	10 - 40 Years
1	The Atlanta Center for Foot & Ankle Surgery	—		1963	2019	10 - 40 Years
2	Affordable Care, Inc.	—		2008 through 2010	2019	10 - 40 Years
1	NAPA Auto Parts	—		2001	2019	10 - 40 Years
1	Bechheit	—		1986	2019	10 - 40 Years
1	Kings Wings N Things	—		1977	2019	10 - 40 Years
1	Robata	—		1980	2019	10 - 40 Years
1	Off the Hook Seafood & More	—		2007	2019	10 - 40 Years
1	Family Dollar Stores	—		1988	2019	10 - 40 Years
1	Mind 24-7	—		2008	2019	10 - 40 Years
1	Scooters Coffee	—		1972	2019	10 - 40 Years
1	Del Taco	—		1992	2019	10 - 40 Years
	Other	(3)
		$	(2,750)

(1)Excludes accumulated depreciation of $220 related to personal property classified in our consolidated balance sheets as furniture, fixtures and equipment.

SERVICE PROPERTIES TRUST

NOTES TO SCHEDULE III

December 31, 2022

(dollars in thousands)

(A)The change in total cost of properties for the period from January 1, 2020 to December 31, 2022 is as follows:

	2022		2021		2020
Balance at beginning of year	$	9,790,010	$	10,630,560	$	10,716,233
Additions: acquisitions and capital expenditures	106,588		86,016		99,141
Dispositions	(624,057)		(330,091)		(145,836)
Reclassification of properties held for sale	(98,090)		(596,475)		(38,978)
Balance at close of year	$	9,174,451	$	9,790,010	$	10,630,560

(B)The change in accumulated depreciation for the period from January 1, 2020 to December 31, 2022 is as follows:

	2022		2021		2020
Balance at beginning of year	$	3,069,348	$	3,047,016	$	2,851,121
Additions: depreciation expense	309,606		298,597		364,636
Dispositions	(618,132)		(153,699)		(143,814)
Reclassification of properties held for sale	(10,960)		(122,566)		(24,927)
Balance at close of year	$	2,749,862	$	3,069,348	$	3,047,016

(C)The aggregate cost tax basis for federal income tax purposes of our real estate properties was $6,965,454 on December 31, 2022.