Schedule III Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2019

Real Estate And Accumulated Depreciation Disclosure [Abstract]

Schedule III Real Estate and Accumulated Depreciation

					Initial Cost				Costs Capitalized Subsequent to Acquisition					Gross Amount carried as of December 31, 2019
Property	Location	Encumbrances			Land		Buildings and Fixtures		Land			Buildings and Fixtures		Land		Buildings and Fixtures		Total ⁽⁴⁾		Accumulated Depreciation ⁽⁵⁾			Net		Date of Construction	Date Acquired
Birchall at Ross Bridge	Birmingham, AL		—		$	2,640	$	28,842	$	—		$	2,141	$	2,640	$	30,983	$	33,623	$	(8,991	)	$	24,632	2009	2011
Colonial Grand at Riverchase Trails	Birmingham, AL		—			3,761		22,079		—			4,561		3,761		26,640		30,401		(8,107	)		22,294	2010	2013
Colonial Village at Trussville	Birmingham, AL		—			3,402		31,813		—			3,287		3,402		35,100		38,502		(9,866	)		28,636	1996/97	2013
Eagle Ridge	Birmingham, AL		—			851		7,667		—			4,736		851		12,403		13,254		(8,302	)		4,952	1986	1998
Colonial Grand at Traditions	Gulf Shores,AL		—			3,211		25,162		—			2,875		3,211		28,037		31,248		(8,408	)		22,840	2007	2013
Colonial Grand at Edgewater	Huntsville, AL		—			4,943		38,673		—			6,488		4,943		45,161		50,104		(11,276	)		38,828	1990	2013
Paddock Club at Providence	Huntsville, AL		—			909		10,152		830			14,583		1,739		24,735		26,474		(15,146	)		11,328	1993	1997
Colonial Grand at Madison	Madison, AL		—			3,601		28,934		—			1,849		3,601		30,783		34,384		(8,864	)		25,520	2000	2013
Cypress Village	Orange Beach, AL		—			1,290		12,238		—			2,017		1,290		14,255		15,545		(3,746	)		11,799	2008	2013
Colonial Grand at Liberty Park	Vestavia Hills, AL		—			3,922		30,977		—			5,946		3,922		36,923		40,845		(10,703	)		30,142	2000	2013
Edge at Lyon's Gate	Phoenix, AZ		—			7,901		27,182		—			2,896		7,901		30,078		37,979		(11,872	)		26,107	2007	2008
Residences at Fountainhead	Phoenix, AZ		—	⁽³⁾		12,212		56,705		—			1,132		12,212		57,837		70,049		(6,366	)		63,683	2015	2016
Sky View Ranch	Gilbert, AZ		—			2,668		14,577		—			2,509		2,668		17,086		19,754		(6,531	)		13,223	2007	2009
Talus Ranch	Phoenix, AZ		—			12,741		47,701		—			4,058		12,741		51,759		64,500		(22,976	)		41,524	2005	2006
Colonial Grand at Inverness Commons	Mesa, AZ		—			4,219		26,255		—			2,343		4,219		28,598		32,817		(7,720	)		25,097	2002	2013
Colonial Grand at Scottsdale	Scottsdale, AZ		—			3,612		20,273		—			2,490		3,612		22,763		26,375		(6,313	)		20,062	1999	2013
Colonial Grand at OldTown Scottsdale	Scottsdale, AZ		—			7,820		51,627		—			5,233		7,820		56,860		64,680		(15,311	)		49,369	1994/95	2013
SkySong	Scottsdale, AZ		—			—		55,748		—			2,142		—		57,890		57,890		(7,075	)		50,815	2014	2015
Sync 36 I	Denver, CO		—			18,887		81,317		134			4,625		19,021		85,942		104,963		(4,201	)		100,762	2017	2018
Sync 36 II	Denver, CO		—			5,090		—		—			16,726		5,090		16,726		21,816		(228	)		21,588	2019	2018
Post River North	Denver, CO		—			14,500		28,900		—			44,149		14,500		73,049		87,549		(5,147	)		82,402	2018	2016
Tiffany Oaks	Altamonte Springs, FL		—			1,024		9,219		—			5,726		1,024		14,945		15,969		(10,732	)		5,237	1985	1996
Indigo Point	Brandon, FL		—			1,167		10,500		—			4,323		1,167		14,823		15,990		(9,602	)		6,388	1989	2000
Paddock Club Brandon	Brandon, FL		—			2,896		26,111		—			6,865		2,896		32,976		35,872		(21,933	)		13,939	1998	1997
Colonial Grand at Lakewood Ranch	Bradenton, FL		—			2,980		40,230		—			4,234		2,980		44,464		47,444		(11,937	)		35,507	1999	2013
The Preserve at Coral Square	Coral Springs, FL		—			9,600		40,004		—			11,573		9,600		51,577		61,177		(26,530	)		34,647	1996	2004
Paddock Club Gainesville	Gainesville, FL		—			1,800		15,879		—			5,121		1,800		21,000		22,800		(10,970	)		11,830	1999	1998
The Retreat at Magnolia Park	Gainesville, FL		—			2,040		16,338		—			987		2,040		17,325		19,365		(5,221	)		14,144	2009	2011
Colonial Grand at Heathrow	Heathrow, FL		—			4,101		35,684		—			4,053		4,101		39,737		43,838		(11,024	)		32,814	1997	2013
220 Riverside	Jacksonville, FL		—			2,381		35,514		—			7,722		2,381		43,236		45,617		(4,666	)		40,951	2015	2012
Atlantic Crossing	Jacksonville, FL		—			4,000		19,495		—			1,941		4,000		21,436		25,436		(6,580	)		18,856	2008	2011
Cooper's Hawk	Jacksonville, FL		—			854		7,500		—			3,923		854		11,423		12,277		(8,666	)		3,611	1987	1995
Hunter's Ridge at Deerwood	Jacksonville, FL		—			1,533		13,835		—			5,620		1,533		19,455		20,988		(13,462	)		7,526	1987	1997
Lakeside	Jacksonville, FL		—			1,430		12,883		—			8,825		1,430		21,708		23,138		(16,048	)		7,090	1985	1996
Lighthouse at Fleming Island	Jacksonville, FL		—			4,047		35,052		—			5,714		4,047		40,766		44,813		(22,455	)		22,358	2003	2003
Paddock Club Mandarin	Jacksonville, FL		—			1,411		14,967		—			3,220		1,411		18,187		19,598		(9,988	)		9,610	1998	1998
St. Augustine	Jacksonville, FL		—			2,857		6,475		—			19,663		2,857		26,138		28,995		(13,342	)		15,653	1987/ 2008	1995
Tattersall at Tapestry Park	Jacksonville, FL		—			6,417		36,069		—			1,521		6,417		37,590		44,007		(11,060	)		32,947	2009	2011
Woodhollow	Jacksonville, FL		—			1,686		15,179		(8	)		9,418		1,678		24,597		26,275		(17,793	)		8,482	1986	1997
Colonial Grand at Town Park	Lake Mary, FL		—			5,742		56,562		—			5,605		5,742		62,167		67,909		(17,694	)		50,215	2005	2013
Colonial Grand at Town Park Reserve	Lake Mary, FL		—			3,481		10,311		—			438		3,481		10,749		14,230		(3,150	)		11,080	2004	2013
Colonial Grand at Lake Mary	Lake Mary, FL		—	⁽¹⁾		6,346		41,539		—			23,620		6,346		65,159		71,505		(14,085	)		57,420	2012	2013
Colonial Grand at Randal Lakes	Orlando, FL		—			5,659		50,553		—			11,136		5,659		61,689		67,348		(9,287	)		58,061	2013	2013
Colonial Grand at Randal Lakes II	Orlando, FL		—			3,200		—		—			36,854		3,200		36,854		40,054		(2,837	)		37,217	2013	2013
Retreat at Lake Nona	Orlando, FL		—			7,880		41,175		—			5,617		7,880		46,792		54,672		(12,331	)		42,341	2006	2012
Colonial Grand at Heather Glen	Orlando, FL		—			4,662		56,988		—			6,482		4,662		63,470		68,132		(16,941	)		51,191	2000	2013
Post Lake at Baldwin Park	Orlando, FL		—			18,101		144,200		—			2,728		18,101		146,928		165,029		(18,240	)		146,789	2011	2016
Post Lakeside	Orlando, FL		—			7,046		52,585		—			713		7,046		53,298		60,344		(6,058	)		54,286	2013	2016
Post Parkside	Orlando, FL		—			5,669		49,754		—			3,047		5,669		52,801		58,470		(6,651	)		51,819	1999	2016
Park Crest at Innisbrook	Palm Harbor, FL		25,777			6,900		26,613		—			3,568		6,900		30,181		37,081		(11,639	)		25,442	2000	2009
The Club at Panama Beach	Panama City, FL		—			898		14,276		(5	)		4,616		893		18,892		19,785		(10,754	)		9,031	2000	1998
Colonial Village at Twin Lakes	Sanford, FL		22,286			3,091		47,793		—			2,754		3,091		50,547		53,638		(13,761	)		39,877	2005	2013
Paddock Club Tallahassee	Tallahassee, FL		—			530		4,805		950			14,765		1,480		19,570		21,050		(13,777	)		7,273	1992	1997
Verandas at Southwood	Tallahassee, FL		—			3,600		25,914		—			1,361		3,600		27,275		30,875		(5,341	)		25,534	2003	2011
Belmere	Tampa, FL		—			852		7,667		—			7,442		852		15,109		15,961		(10,861	)		5,100	1984	1994
Links at Carrollwood	Tampa, FL		—			817		7,355		110			5,896		927		13,251		14,178		(8,978	)		5,200	1980	1998
Post Bay at Rocky Point	Tampa, FL		—			4,541		28,381		—			1,542		4,541		29,923		34,464		(3,648	)		30,816	1997	2016
Post Harbour Place	Tampa, FL		—			16,296		116,193		—			8,145		16,296		124,338		140,634		(15,944	)		124,690	1997	2016
Post Hyde Park	Tampa, FL		—			16,891		95,259		—			5,245		16,891		100,504		117,395		(12,853	)		104,542	1994	2016
Post Rocky Point	Tampa, FL		—			35,260		153,102		—			11,659		35,260		164,761		200,021		(20,256	)		179,765	1994-1996	2016
Post Soho Square	Tampa, FL		—	⁽³⁾		5,190		56,296		—			418		5,190		56,714		61,904		(6,384	)		55,520	2012	2016
Village Oaks	Tampa, FL		—			2,738		19,055		153			2,927		2,891		21,982		24,873		(8,554	)		16,319	2005	2008
Colonial Grand at Hampton Preserve	Tampa, FL		—			6,233		69,535		—			1,852		6,233		71,387		77,620		(18,041	)		59,579	2012	2013
Colonial Grand at Seven Oaks	Wesley Chapel, FL		—			3,051		42,768		—			2,918		3,051		45,686		48,737		(11,929	)		36,808	2004	2013
Colonial Grand at Windermere	Windermere, FL		—	⁽³⁾		2,711		36,710		—			1,522		2,711		38,232		40,943		(9,579	)		31,364	2009	2013
Allure at Brookwood	Atlanta, GA		—	⁽¹⁾		11,168		52,758		—			5,295		11,168		58,053		69,221		(15,536	)		53,685	2008	2012
Allure in Buckhead Village	Atlanta, GA		—			8,633		19,844		—			7,324		8,633		27,168		35,801		(8,418	)		27,383	2002	2012
The High Rise at Post Alexander	Atlanta, GA		—			8,435		92,294		—			151		8,435		92,445		100,880		(15,186	)		85,694	2015	2016

					Initial Cost				Costs Capitalized Subsequent to Acquisition					Gross Amount carried as of December 31, 2019											-----------------	----------------------
Property	Location	Encumbrances			Land		Buildings and Fixtures		Land			Buildings and Fixtures		Land		Buildings and Fixtures		Total ⁽⁴⁾		Accumulated Depreciation ⁽⁵⁾			Net		Date of Construction	Date Acquired
Post Alexander	Atlanta, GA		—			15,440		73,278		—			2,280		15,440		75,558		90,998		(7,470	)		83,528	2006	2016
Post Briarcliff	Atlanta, GA		—			24,645		114,921		—			4,138		24,645		119,059		143,704		(14,258	)		129,446	1996	2016
Post Brookhaven	Atlanta, GA		—			29,048		106,463		—			7,939		29,048		114,402		143,450		(14,588	)		128,862	1989/92	2016
Post Chastain	Atlanta, GA		—			30,223		82,964		—			2,332		30,223		85,296		115,519		(10,162	)		105,357	1990	2016
Post Crossing	Atlanta, GA		—			15,799		48,054		—			3,238		15,799		51,292		67,091		(6,284	)		60,807	1995	2016
Post Gardens	Atlanta, GA		—			17,907		56,093		—			3,416		17,907		59,509		77,416		(7,713	)		69,703	1996	2016
Post Glen	Atlanta, GA		—			13,878		51,079		—			4,328		13,878		55,407		69,285		(6,734	)		62,551	1996	2016
Post Midtown	Atlanta, GA		—			7,000		44,000		—			40,268		7,000		84,268		91,268		(5,611	)		85,657	2017	2016
Post Parkside	Atlanta, GA		—			11,025		34,277		—			1,491		11,025		35,768		46,793		(4,114	)		42,679	1999	2016
Post Peachtree Hills	Atlanta, GA		—			11,974		55,264		—			620		11,974		55,884		67,858		(6,503	)		61,355	1992-1994/2009	2016
Post Riverside	Atlanta, GA		—			23,765		89,369		—			6,527		23,765		95,896		119,661		(12,894	)		106,767	1996	2016
Post Spring	Atlanta, GA		—			18,596		57,819		—			4,519		18,596		62,338		80,934		(8,099	)		72,835	1999	2016
Post Stratford	Atlanta, GA		—			—		30,051		—			2,800		—		32,851		32,851		(4,328	)		28,523	1999	2016
Sanctuary at Oglethorpe	Atlanta, GA		—			6,875		31,441		—			6,949		6,875		38,390		45,265		(14,173	)		31,092	1994	2008
Post Centennial Park	Atlanta, GA		—			13,650		10,950		—			61,577		13,650		72,527		86,177		(3,643	)		82,534	2018	2016
Prescott	Duluth, GA		—	⁽²⁾		3,840		24,011		—			4,769		3,840		28,780		32,620		(14,796	)		17,824	2001	2004
Colonial Grand at Berkeley Lake	Duluth, GA		—			1,960		15,707		—			2,400		1,960		18,107		20,067		(5,875	)		14,192	1998	2013
Colonial Grand at River Oaks	Duluth, GA		—			4,360		13,579		—			2,626		4,360		16,205		20,565		(6,296	)		14,269	1992	2013
Colonial Grand at River Plantation	Duluth, GA		—			2,059		19,158		—			2,763		2,059		21,921		23,980		(6,877	)		17,103	1994	2013
Colonial Grand at McDaniel Farm	Duluth, GA		—			3,985		32,206		—			4,638		3,985		36,844		40,829		(11,637	)		29,192	1997	2013
Colonial Grand at Pleasant Hill	Duluth, GA		—			6,753		32,202		—			5,299		6,753		37,501		44,254		(11,240	)		33,014	1996	2013
Colonial Grand at Mount Vernon	Dunwoody, GA		—			6,861		23,748		—			3,794		6,861		27,542		34,403		(7,438	)		26,965	1997	2013
Lake Lanier Club	Gainesville, GA		—	⁽²⁾		6,710		40,994		—			9,326		6,710		50,320		57,030		(25,292	)		31,738	1998/2001	2005
Colonial Grand at Shiloh	Kennesaw, GA		—			4,864		45,893		—			5,182		4,864		51,075		55,939		(14,614	)		41,325	2002	2013
Millstead Village	LaGrange, GA		—			3,100		29,240		—			1,932		3,100		31,172		34,272		(7,789	)		26,483	1998	2008
Colonial Grand at Barrett Creek	Marietta, GA		—			5,661		26,186		—			3,255		5,661		29,441		35,102		(9,620	)		25,482	1999	2013
Colonial Grand at Godley Station	Pooler, GA		7,842			1,800		35,454		—			3,866		1,800		39,320		41,120		(10,375	)		30,745	2001	2013
Colonial Grand at Godley Lake	Pooler, GA		—			1,750		30,893		—			1,459		1,750		32,352		34,102		(8,818	)		25,284	2008	2013
Avala at Savannah Quarters	Savannah, GA		—			1,500		24,862		—			2,183		1,500		27,045		28,545		(8,001	)		20,544	2009	2011
Georgetown Grove	Savannah, GA		—			1,288		11,579		—			3,695		1,288		15,274		16,562		(10,571	)		5,991	1997	1998
Colonial Grand at Hammocks	Savannah, GA		—			2,441		36,863		—			4,772		2,441		41,635		44,076		(11,130	)		32,946	1997	2013
Colonial Village at Greentree	Savannah, GA		—			1,710		10,494		—			2,030		1,710		12,524		14,234		(4,088	)		10,146	1984	2013
Colonial Village at Huntington	Savannah, GA		—			2,521		8,223		—			1,633		2,521		9,856		12,377		(2,860	)		9,517	1986	2013
Colonial Village at Marsh Cove	Savannah, GA		—			5,231		8,555		—			1,675		5,231		10,230		15,461		(3,428	)		12,033	1983	2013
Oaks at Wilmington Island	Savannah, GA		—			2,910		25,315		(46	)		4,968		2,864		30,283		33,147		(13,747	)		19,400	1999	2006
Highlands of West Village	Smyrna, GA		—			14,410		73,733		—			7,605		14,410		81,338		95,748		(15,459	)		80,289	2006/12	2014
Haven at Prairie Trace	Overland Park, KS		—			3,500		40,614		—			1,421		3,500		42,035		45,535		(5,063	)		40,472	2015	2015
Grand Reserve at Pinnacle	Lexington, KY		—			2,024		31,525		—			6,570		2,024		38,095		40,119		(19,649	)		20,470	2000	1998
Lakepointe	Lexington, KY		—			411		3,699		—			2,790		411		6,489		6,900		(4,872	)		2,028	1986	1994
The Mansion	Lexington, KY		—			694		6,242		—			3,931		694		10,173		10,867		(7,692	)		3,175	1989	1994
The Village	Lexington, KY		—			900		8,097		—			4,862		900		12,959		13,859		(9,861	)		3,998	1989	1994
Stonemill Village	Louisville, KY		—			1,169		10,518		—			10,063		1,169		20,581		21,750		(15,189	)		6,561	1985	1994
Crosswinds	Jackson, MS		—			1,535		13,826		—			6,428		1,535		20,254		21,789		(14,410	)		7,379	1989	1996
Pear Orchard	Jackson, MS		—			1,351		12,168		—			8,874		1,351		21,042		22,393		(15,921	)		6,472	1985	1994
Reflection Pointe	Jackson, MS		—			710		8,770		138			8,868		848		17,638		18,486		(12,826	)		5,660	1986	1988
Lakeshore Landing	Ridgeland, MS		—			676		6,284		—			3,968		676		10,252		10,928		(5,503	)		5,425	1974	1994
Market Station	Kansas City, MO		—			5,814		46,241		—			2,575		5,814		48,816		54,630		(12,251	)		42,379	2010	2012
The Denton	Kansas City, MO		—			750		8,795		—			809		750		9,604		10,354		(1,019	)		9,335	2014	2015
The Denton II	Kansas City, MO		—			770		—		—			24,397		770		24,397		25,167		(1,289	)		23,878	2017	2015
The Denton III	Kansas City, MO		—			4,000		42,144		—			1,907		4,000		44,051		48,051		(5,775	)		42,276	2013/14	2015
Colonial Grand at Desert Vista	North Las Vegas, NV		—			4,091		29,826		—			2,113		4,091		31,939		36,030		(8,840	)		27,190	2009	2013
Colonial Grand at Palm Vista	North Las Vegas, NV		—			4,909		25,643		—			3,518		4,909		29,161		34,070		(8,533	)		25,537	2007	2013
Colonial Village at Beaver Creek	Apex, NC		—			7,491		34,863		—			2,589		7,491		37,452		44,943		(9,809	)		35,134	2007	2013
Hermitage at Beechtree	Cary, NC		—			900		8,099		—			5,267		900		13,366		14,266		(9,113	)		5,153	1988	1997
Waterford Forest	Cary, NC		—	⁽²⁾		4,000		20,250		—			4,131		4,000		24,381		28,381		(12,221	)		16,160	1996	2005
1225 South Church I	Charlotte, NC		—			9,612		22,342		—			28,834		9,612		51,176		60,788		(10,860	)		49,928	2010	2010
Colonial Grand at Ayrsley	Charlotte, NC		—			2,481		52,119		—			14,683		2,481		66,802		69,283		(16,143	)		53,140	2008	2013
Colonial Grand at Beverly Crest	Charlotte, NC		—			3,161		24,004		—			3,305		3,161		27,309		30,470		(7,335	)		23,135	1996	2013
Colonial Grand at Legacy Park	Charlotte, NC		—			2,891		28,272		—			2,861		2,891		31,133		34,024		(8,502	)		25,522	2001	2013
Colonial Grand at Mallard Creek	Charlotte, NC		—			4,591		27,713		—			2,293		4,591		30,006		34,597		(8,302	)		26,295	2005	2013
Colonial Grand at Mallard Lake	Charlotte, NC		—			3,250		31,389		—			4,623		3,250		36,012		39,262		(10,139	)		29,123	1998	2013
Colonial Grand at University Center	Charlotte, NC		—			1,620		17,499		—			975		1,620		18,474		20,094		(4,753	)		15,341	2005	2013
Colonial Reserve at South End	Charlotte, NC		—			4,628		44,282		—			12,031		4,628		56,313		60,941		(8,234	)		52,707	2013	2013
Colonial Village at Chancellor Park	Charlotte, NC		—			5,311		28,016		—			4,688		5,311		32,704		38,015		(8,916	)		29,099	1999	2013
Colonial Village at South Tryon	Charlotte, NC		—			2,260		19,489		—			2,330		2,260		21,819		24,079		(5,977	)		18,102	2002	2013
Colonial Village at Timber Crest	Charlotte, NC		—			2,901		17,192		—			2,870		2,901		20,062		22,963		(5,219	)		17,744	2000	2013
Enclave	Charlotte, NC		—			1,461		18,984		—			1,439		1,461		20,423		21,884		(4,800	)		17,084	2008	2013
Post Ballantyne	Charlotte, NC		—			16,216		44,817		—			2,698		16,216		47,515		63,731		(5,770	)		57,961	2004	2016
Post Gateway Place	Charlotte, NC		—			17,528		57,444		—			4,397		17,528		61,841		79,369		(8,021	)		71,348	2000	2016
Post Park at Phillips Place	Charlotte, NC		—			20,869		65,517		—			4,950		20,869		70,467		91,336		(8,729	)		82,607	1996	2016
Post South End	Charlotte, NC		—			18,835		58,795		—			2,136		18,835		60,931		79,766		(6,803	)		72,963	2009	2016
Post Uptown Place	Charlotte, NC		—			10,888		30,078		—			2,196		10,888		32,274		43,162		(4,034	)		39,128	2000	2016
Colonial Grand at Cornelius	Cornelius, NC		—			4,571		29,151		—			1,749		4,571		30,900		35,471		(8,758	)		26,713	2009	2013
Colonial Grand at Patterson Place	Durham, NC		—			2,590		27,126		—			3,459		2,590		30,585		33,175		(8,218	)		24,957	1997	2013
Colonial Village at Deerfield	Durham, NC		—			3,271		15,609		—			1,692		3,271		17,301		20,572		(5,556	)		15,016	1985	2013
Colonial Grand at Research Park	Durham, NC		—			4,201		37,682		—			3,420		4,201		41,102		45,303		(11,279	)		34,024	2002	2013

					Initial Cost				Costs Capitalized Subsequent to Acquisition					Gross Amount carried as of December 31, 2019
Property	Location	Encumbrances			Land		Buildings and Fixtures		Land			Buildings and Fixtures		Land		Buildings and Fixtures		Total ⁽⁴⁾		Accumulated Depreciation ⁽⁵⁾			Net		Date of Construction	Date Acquired
Colonial Grand at Huntersville	Huntersville, NC		—			4,251		31,948		—			3,139		4,251		35,087		39,338		(9,644	)		29,694	2008	2013
Colonial Village at Matthews	Matthews, NC		—			3,071		21,830		—			5,249		3,071		27,079		30,150		(8,434	)		21,716	2008	2013
Colonial Grand at Matthews Commons	Matthews, NC		—			3,690		28,536		—			2,357		3,690		30,893		34,583		(8,470	)		26,113	2008	2013
Colonial Grand at Arringdon	Morrisville, NC		—			6,401		31,134		—			3,734		6,401		34,868		41,269		(9,465	)		31,804	2003	2013
Colonial Grand at Brier Creek	Raleigh, NC		—			7,372		50,202		—			2,589		7,372		52,791		60,163		(13,800	)		46,363	2010	2013
Colonial Grand at Brier Falls	Raleigh, NC		—			6,572		48,910		—			2,375		6,572		51,285		57,857		(13,103	)		44,754	2008	2013
Colonial Grand at Crabtree Valley	Raleigh, NC		—			2,241		18,434		—			2,078		2,241		20,512		22,753		(5,207	)		17,546	1997	2013
Hue	Raleigh, NC		—			3,690		29,910		—			2,635		3,690		32,545		36,235		(8,522	)		27,713	2009	2010
Colonial Grand at Trinity Commons	Raleigh, NC		—			5,232		45,138		—			4,133		5,232		49,271		54,503		(13,833	)		40,670	2000/02	2013
Post Parkside at Wade	Raleigh, NC		—			7,196		51,972		—			1,212		7,196		53,184		60,380		(6,259	)		54,121	2011	2016
Post Parkside at Wade II	Raleigh, NC		—			9,450		46,316		587			1,636		10,037		47,952		57,989		(8,923	)		49,066	2017	2016
Post Parkside at Wade III	Raleigh, NC		—			2,200		—		—			21,523		2,200		21,523		23,723		(283	)		23,440	2019	2016
Preserve at Brier Creek	Raleigh, NC		—			5,850		21,980		(19	)		25,997		5,831		47,977		53,808		(19,476	)		34,332	2004	2006
Providence at Brier Creek	Raleigh, NC		—			4,695		29,007		—			2,211		4,695		31,218		35,913		(12,347	)		23,566	2007	2008
Tanglewood	Anderson, SC		—			427		3,853		—			3,065		427		6,918		7,345		(5,518	)		1,827	1980	1994
Colonial Grand at Cypress Cove	Charleston, SC		—			3,610		28,645		—			2,475		3,610		31,120		34,730		(8,683	)		26,047	2001	2013
Colonial Village at Hampton Pointe	Charleston, SC		—			3,971		22,790		—			6,112		3,971		28,902		32,873		(7,846	)		25,027	1986	2013
Colonial Grand at Quarterdeck	Charleston, SC		—			920		24,097		—			6,135		920		30,232		31,152		(8,238	)		22,914	1987	2013
Colonial Village at Westchase	Charleston, SC		—			4,571		20,091		—			4,373		4,571		24,464		29,035		(7,483	)		21,552	1985	2013
River's Walk	Charleston, SC		—			8,831		39,430		—			1,847		8,831		41,277		50,108		(5,699	)		44,409	2013/16	2013
1201 Midtown	Charleston, SC		—			11,929		57,885		—			677		11,929		58,562		70,491		(5,346	)		65,145	2015	2016
1201 Midtown II	Charleston, SC		—			6,750		5,874		—			16,021		6,750		21,895		28,645		(826	)		27,819	2018	2016
The Fairways	Columbia, SC		—			910		8,207		—			3,446		910		11,653		12,563		(8,994	)		3,569	1992	1994
Paddock Club Columbia	Columbia, SC		—			1,840		16,560		—			5,450		1,840		22,010		23,850		(15,348	)		8,502	1991	1997
Colonial Village at Windsor Place	Goose Creek, SC		—			1,321		14,163		—			3,343		1,321		17,506		18,827		(5,448	)		13,379	1985	2013
Highland Ridge	Greenville, SC		—			482		4,337		—			2,982		482		7,319		7,801		(5,037	)		2,764	1984	1995
Howell Commons	Greenville, SC		—			1,304		11,740		—			4,126		1,304		15,866		17,170		(11,380	)		5,790	1987	1997
Paddock Club Greenville	Greenville, SC		—			1,200		10,800		—			2,677		1,200		13,477		14,677		(9,306	)		5,371	1996	1997
Park Haywood	Greenville, SC		—			325		2,925		35			4,816		360		7,741		8,101		(5,797	)		2,304	1983	1993
Spring Creek	Greenville, SC		—			597		5,374		(14	)		3,031		583		8,405		8,988		(6,216	)		2,772	1985	1995
Innovation Apartment Homes	Greenville, SC		—			4,437		52,026		—			1,546		4,437		53,572		58,009		(6,098	)		51,911	2015	2016
The Greene	Greenville, SC		—			5,420		66,546		7			103		5,427		66,649		72,076		(158	)		71,918	2019	2019
Runaway Bay	Mt. Pleasant, SC		—			1,085		7,269		12			6,840		1,097		14,109		15,206		(9,997	)		5,209	1988	1995
Colonial Grand at Commerce Park	North Charleston, SC		—			2,780		33,966		—			2,840		2,780		36,806		39,586		(9,678	)		29,908	2008	2013
535 Brookwood	Simpsonville, SC		11,690			1,216		18,666		—			1,775		1,216		20,441		21,657		(6,856	)		14,801	2008	2010
Park Place	Spartanburg, SC		—			723		6,504		—			3,161		723		9,665		10,388		(6,966	)		3,422	1987	1997
Farmington Village	Summerville, SC		—			2,800		26,295		—			2,613		2,800		28,908		31,708		(12,090	)		19,618	2007	2007
Colonial Village at Waters Edge	Summerville, SC		—			2,103		9,187		—			4,217		2,103		13,404		15,507		(4,789	)		10,718	1985	2013
Hamilton Pointe	Chattanooga, TN		—			1,131		10,632		—			4,722		1,131		15,354		16,485		(8,518	)		7,967	1989	1992
Hidden Creek	Chattanooga, TN		—			972		8,954		—			6,360		972		15,314		16,286		(7,235	)		9,051	1987	1988
Steeplechase	Chattanooga, TN		—			217		1,957		—			3,513		217		5,470		5,687		(3,822	)		1,865	1986	1991
Windridge	Chattanooga, TN		—			817		7,416		—			4,558		817		11,974		12,791		(8,409	)		4,382	1984	1997
Kirby Station	Memphis, TN		—			1,148		10,337		—			10,656		1,148		20,993		22,141		(14,910	)		7,231	1978	1994
Lincoln on the Green	Memphis, TN		—			1,498		20,483		—			17,155		1,498		37,638		39,136		(27,288	)		11,848	1992	1994
Park Estate	Memphis, TN		—			178		1,141		—			4,099		178		5,240		5,418		(3,950	)		1,468	1974	1977
Reserve at Dexter Lake	Memphis, TN		—			1,260		16,043		2,147			42,810		3,407		58,853		62,260		(28,908	)		33,352	2000	1998
Paddock Club Murfreesboro	Murfreesboro, TN		—			915		14,774		—			3,776		915		18,550		19,465		(10,187	)		9,278	1999	1998
Acklen West End	Nashville, TN		—			12,761		58,906		—			1,061		12,761		59,967		72,728		(4,369	)		68,359	2015	2017
Aventura at Indian Lake Village	Nashville, TN		—			4,950		28,053		—			2,146		4,950		30,199		35,149		(8,800	)		26,349	2010	2011
Avondale at Kennesaw	Nashville, TN		16,110			3,456		22,443		—			3,384		3,456		25,827		29,283		(8,530	)		20,753	2008	2010
Brentwood Downs	Nashville, TN		—			1,193		10,739		(2	)		8,918		1,191		19,657		20,848		(12,910	)		7,938	1986	1994
Charlotte at Midtown	Nashville, TN		—			7,898		54,480		—			1,046		7,898		55,526		63,424		(4,452	)		58,972	2016	2017
Colonial Grand at Bellevue	Nashville, TN		19,654			17,278		64,196		(2	)		4,799		17,276		68,995		86,271		(14,544	)		71,727	1996 / 2015	2013
Grand View Nashville	Nashville, TN		—			2,963		33,673		—			8,767		2,963		42,440		45,403		(21,265	)		24,138	2001	1998
Monthaven Park	Nashville, TN		—			2,736		28,902		—			6,143		2,736		35,045		37,781		(18,873	)		18,908	2000	2004
Park at Hermitage	Nashville, TN		—			1,524		14,800		—			9,496		1,524		24,296		25,820		(18,141	)		7,679	1987	1995
Venue at Cool Springs	Nashville, TN		—			6,670		—		—			52,305		6,670		52,305		58,975		(10,230	)		48,745	2012	2010
Verandas at Sam Ridley	Nashville, TN		19,828			3,350		28,308		—			3,048		3,350		31,356		34,706		(10,201	)		24,505	2009	2010
Balcones Woods	Austin, TX		—			1,598		14,398		—			10,035		1,598		24,433		26,031		(17,071	)		8,960	1983	1997
Colonial Grand at Canyon Creek	Austin, TX		—			3,621		32,137		—			1,965		3,621		34,102		37,723		(9,409	)		28,314	2008	2013
Colonial Grand at Canyon Ranch	Austin, TX		—			3,778		20,201		—			2,377		3,778		22,578		26,356		(6,907	)		19,449	2003	2013
Colonial Grand at Double Creek	Austin, TX		—			3,131		29,375		—			1,050		3,131		30,425		33,556		(8,413	)		25,143	2013	2013
Colonial Grand at Onion Creek	Austin, TX		—			4,902		33,010		—			2,277		4,902		35,287		40,189		(9,883	)		30,306	2009	2013
Grand Reserve at Sunset Valley	Austin, TX		—			3,150		11,393		—			3,877		3,150		15,270		18,420		(7,842	)		10,578	1996	2004
Colonial Village at Quarry Oaks	Austin, TX		—			4,621		34,461		—			6,446		4,621		40,907		45,528		(12,562	)		32,966	1996	2013
Colonial Grand at Wells Branch	Austin, TX		—	⁽³⁾		3,094		32,283		294			1,865		3,388		34,148		37,536		(8,933	)		28,603	2008	2013
Legacy at Western Oaks	Austin, TX		—	⁽¹⁾		9,100		49,339		—			1,094		9,100		50,433		59,533		(13,984	)		45,549	2001	2009
Post Barton Creek	Austin, TX		—			8,683		21,497		—			1,243		8,683		22,740		31,423		(3,159	)		28,264	1998	2016
Post Park Mesa	Austin, TX		—			4,653		19,828		—			949		4,653		20,777		25,430		(2,527	)		22,903	1992	2016
Post South Lamar	Austin, TX		—			11,542		41,293		—			2,181		11,542		43,474		55,016		(6,450	)		48,566	2011	2016
Post South Lamar II	Austin, TX		—			9,000		32,800		—			20,130		9,000		52,930		61,930		(3,724	)		58,206	2017	2016
Post West Austin	Austin, TX		—	⁽³⁾		7,805		48,843		—			1,423		7,805		50,266		58,071		(7,403	)		50,668	2009	2016
Silverado	Austin, TX		—			2,900		24,009		—			4,418		2,900		28,427		31,327		(13,376	)		17,951	2003	2006
Stassney Woods	Austin, TX		—			1,621		7,501		—			8,619		1,621		16,120		17,741		(10,746	)		6,995	1985	1995
Sixty 600	Austin, TX		—			2,281		6,169		—			8,290		2,281		14,459		16,740		(9,544	)		7,196	1987	1995
The Woods on Barton Skyway	Austin, TX		—			1,405		12,769		—			10,244		1,405		23,013		24,418		(11,343	)		13,075	1977	1997

					Initial Cost				Costs Capitalized Subsequent to Acquisition					Gross Amount carried as of December 31, 2019
Property	Location	Encumbrances			Land		Buildings and Fixtures		Land			Buildings and Fixtures		Land		Buildings and Fixtures		Total ⁽⁴⁾		Accumulated Depreciation ⁽⁵⁾			Net		Date of Construction	Date Acquired
Colonial Village at Shoal Creek	Bedford, TX		—			4,982		27,377		—			4,024		4,982		31,401		36,383		(9,230	)		27,153	1996	2013
Colonial Village at Willow Creek	Bedford, TX		—			3,109		33,488		—			8,223		3,109		41,711		44,820		(12,218	)		32,602	1996	2013
Colonial Grand at Hebron	Carrollton, TX		—			4,231		42,237		—			1,512		4,231		43,749		47,980		(10,937	)		37,043	2011	2013
Colonial Grand at Silverado	Cedar Park, TX		—			3,282		24,935		—			1,575		3,282		26,510		29,792		(7,245	)		22,547	2005	2013
Colonial Grand at Silverado Reserve	Cedar Park, TX		—			3,951		31,705		—			2,256		3,951		33,961		37,912		(9,071	)		28,841	2005	2013
Grand Cypress	Cypress, TX		—			3,881		24,267		—			1,537		3,881		25,804		29,685		(5,539	)		24,146	2008	2013
Courtyards at Campbell	Dallas, TX		—			988		8,893		—			4,166		988		13,059		14,047		(8,952	)		5,095	1986	1998
Deer Run	Dallas, TX		—			1,252		11,271		—			5,053		1,252		16,324		17,576		(11,455	)		6,121	1985	1998
Grand Courtyard	Dallas, TX		—			2,730		22,240		—			4,669		2,730		26,909		29,639		(12,285	)		17,354	2000	2006
Legends at Lowe's Farm	Dallas, TX		—			5,016		41,091		—			2,844		5,016		43,935		48,951		(13,043	)		35,908	2008	2011
Colonial Reserve at Medical District	Dallas, TX		—			4,050		33,779		—			2,540		4,050		36,319		40,369		(8,655	)		31,714	2007	2013
Post Abbey	Dallas, TX		—			2,711		4,369		—			282		2,711		4,651		7,362		(588	)		6,774	1996	2016
Post Addison Circle	Dallas, TX		—			12,308		189,419		—			11,330		12,308		200,749		213,057		(24,380	)		188,677	1998-2000	2016
Post Cole's Corner	Dallas, TX		—			13,030		14,383		—			2,394		13,030		16,777		29,807		(2,354	)		27,453	1998	2016
Post Eastside	Dallas, TX		—			7,134		58,095		—			1,213		7,134		59,308		66,442		(7,908	)		58,534	2008	2016
Post Gallery	Dallas, TX		—			4,391		7,910		—			894		4,391		8,804		13,195		(1,349	)		11,846	1999	2016
Post Heights	Dallas, TX		—			26,245		37,922		—			1,160		26,245		39,082		65,327		(5,198	)		60,129	1998-1999/2009	2016
Post Katy Trail	Dallas, TX		—			10,333		32,456		—			819		10,333		33,275		43,608		(3,806	)		39,802	2010	2016
Post Legacy	Dallas, TX		—	⁽³⁾		6,575		55,277		—			3,630		6,575		58,907		65,482		(7,083	)		58,399	2000	2016
Post Meridian	Dallas, TX		—			8,780		13,654		—			427		8,780		14,081		22,861		(1,921	)		20,940	1991	2016
Post Sierra at Frisco Bridges	Dallas, TX		—			6,777		32,553		—			830		6,777		33,383		40,160		(4,943	)		35,217	2009	2016
Post Square	Dallas, TX		—			13,178		24,048		—			2,059		13,178		26,107		39,285		(3,124	)		36,161	1996	2016
Post Uptown Village	Dallas, TX		—			34,974		33,213		—			4,541		34,974		37,754		72,728		(5,119	)		67,609	1995/2000	2016
Post Vineyard	Dallas, TX		—			7,966		7,471		—			1,040		7,966		8,511		16,477		(1,097	)		15,380	1996	2016
Post Vintage	Dallas, TX		—			13,621		8,608		—			1,517		13,621		10,125		23,746		(1,366	)		22,380	1993	2016
Post Worthington	Dallas, TX		—			13,713		43,268		—			1,552		13,713		44,820		58,533		(5,426	)		53,107	1993/2008	2016
Watermark	Dallas, TX		—	⁽²⁾		960		14,438		—			3,130		960		17,568		18,528		(9,253	)		9,275	2002	2004
Colonial Grand at Bear Creek	Euless, TX		—			6,453		30,048		—			3,199		6,453		33,247		39,700		(10,099	)		29,601	1998	2013
Colonial Grand at Fairview	Fairview, TX		—			2,171		35,077		—			1,161		2,171		36,238		38,409		(8,941	)		29,468	2012	2013
La Valencia at Starwood	Frisco, TX		—			3,240		26,069		—			1,851		3,240		27,920		31,160		(9,131	)		22,029	2009	2010
Colonial Reserve at Frisco Bridges	Frisco, TX		—			1,968		34,018		—			1,642		1,968		35,660		37,628		(8,643	)		28,985	2013	2013
Colonial Village at Grapevine	Grapevine, TX		—			2,351		29,757		—			6,465		2,351		36,222		38,573		(10,022	)		28,551	1985/86	2013
Greenwood Forest	Houston, TX		—			3,465		23,482		—			1,150		3,465		24,632		28,097		(5,897	)		22,200	1994	2013
Legacy Pines	Houston, TX		—	⁽²⁾		2,157		19,066		(15	)		4,170		2,142		23,236		25,378		(12,904	)		12,474	1999	2003
Park Place (Houston)	Houston, TX		—			2,061		15,830		—			3,264		2,061		19,094		21,155		(8,596	)		12,559	1996	2007
Post Midtown Square	Houston, TX		—			19,038		89,570		—			2,602		19,038		92,172		111,210		(11,984	)		99,226	1999/2013	2016
Post 510	Houston, TX		—			7,227		33,366		—			426		7,227		33,792		41,019		(4,713	)		36,306	2014	2016
Post Afton Oaks	Houston, TX		—			11,503		65,469		—			3,515		11,503		68,984		80,487		(10,736	)		69,751	2017	2016
Ranchstone	Houston, TX		—			1,480		14,807		—			2,941		1,480		17,748		19,228		(7,772	)		11,456	1996	2007
Reserve at Woodwind Lakes	Houston, TX		—			1,968		19,928		—			4,199		1,968		24,127		26,095		(11,050	)		15,045	1999	2006
Retreat at Vintage Park	Houston, TX		—	⁽³⁾		8,211		40,352		—			1,092		8,211		41,444		49,655		(5,573	)		44,082	2014	2014
Yale at 6th	Houston, TX		—	⁽¹⁾		13,107		62,764		—			1,345		13,107		64,109		77,216		(6,319	)		70,897	2015	2016
Cascade at Fall Creek	Humble, TX		—			5,985		40,011		—			3,312		5,985		43,323		49,308		(17,998	)		31,310	2007	2007
Bella Casita	Irving, TX		—	⁽²⁾		2,521		26,432		—			2,560		2,521		28,992		31,513		(9,293	)		22,220	2007	2010
Remington Hills	Irving, TX		—			4,390		21,822		—			12,278		4,390		34,100		38,490		(9,256	)		29,234	1984	2013
Colonial Reserve at Las Colinas	Irving, TX		—	⁽¹⁾		3,902		40,691		—			1,881		3,902		42,572		46,474		(10,301	)		36,173	2006	2013
Colonial Grand at Valley Ranch	Irving, TX		22,286			5,072		37,397		—			13,157		5,072		50,554		55,626		(14,925	)		40,701	1997	2013
Colonial Village at Oakbend	Lewisville, TX		—			5,598		28,616		—			5,009		5,598		33,625		39,223		(9,544	)		29,679	1997	2013
Times Square at Craig Ranch	McKinney, TX		—			1,130		28,058		—			4,769		1,130		32,827		33,957		(11,196	)		22,761	2009	2010
Venue at Stonebridge Ranch	McKinney, TX		—			4,034		19,528		—			1,741		4,034		21,269		25,303		(4,668	)		20,635	2000	2013
Cityscape at Market Center	Plano, TX		—			16,894		110,705		—			2,492		16,894		113,197		130,091		(14,691	)		115,400	2013/15	2014
Highwood	Plano, TX		—			864		7,783		—			3,631		864		11,414		12,278		(7,893	)		4,385	1983	1998
Los Rios Park	Plano, TX		—			3,273		28,823		—			6,921		3,273		35,744		39,017		(19,360	)		19,657	2000	2003
Boulder Ridge	Roanoke, TX		—			3,382		26,930		—			7,025		3,382		33,955		37,337		(16,567	)		20,770	1999	2005
Copper Ridge	Roanoke, TX		—			3,336		—		—			21,806		3,336		21,806		25,142		(6,506	)		18,636	2009	2008
Colonial Grand at Ashton Oaks	Round Rock, TX		—			5,511		36,241		—			2,376		5,511		38,617		44,128		(10,589	)		33,539	2009	2013
Colonial Grand at Round Rock	Round Rock, TX		—			4,691		45,379		—			2,738		4,691		48,117		52,808		(12,809	)		39,999	1997	2013
Colonial Village at Sierra Vista	Round Rock, TX		—			2,561		16,488		—			3,815		2,561		20,303		22,864		(6,188	)		16,676	1999	2013
Alamo Ranch	San Antonio, TX		—			2,380		26,982		—			3,026		2,380		30,008		32,388		(9,674	)		22,714	2009	2011
Bulverde Oaks	San Antonio, TX		—			4,257		36,759		—			1,590		4,257		38,349		42,606		(5,411	)		37,195	2014	2014
Haven at Blanco	San Antonio, TX		—			5,450		45,958		—			3,419		5,450		49,377		54,827		(13,066	)		41,761	2010	2012
Stone Ranch at Westover Hills	San Antonio, TX		—			4,000		24,992		—			2,961		4,000		27,953		31,953		(9,964	)		21,989	2009	2009
Cypresswood Court	Spring, TX		—	⁽²⁾		576		5,190		—			5,165		576		10,355		10,931		(6,378	)		4,553	1984	1994
Villages at Kirkwood	Stafford, TX		—			1,918		15,846		—			3,179		1,918		19,025		20,943		(9,804	)		11,139	1996	2004
Green Tree Place	Woodlands, TX		—	⁽²⁾		539		4,850		—			3,929		539		8,779		9,318		(6,438	)		2,880	1984	1994
Stonefield Commons	Charlottesville, VA		—			11,044		36,689		—			1,193		11,044		37,882		48,926		(5,561	)		43,365	2013	2014
Adalay Bay	Chesapeake, VA		—			5,280		31,341		—			3,565		5,280		34,906		40,186		(9,885	)		30,301	2002	2012
Colonial Village at Greenbrier	Fredericksburg, VA		—			4,842		21,677		—			2,549		4,842		24,226		29,068		(5,977	)		23,091	1980	2013
Seasons at Celebrate Virginia	Fredericksburg, VA		—			14,490		32,083		—			40,065		14,490		72,148		86,638		(15,520	)		71,118	2011	2011
Station Square at Cosner's Corner	Fredericksburg, VA		—			12,825		51,078		—			1,651		12,825		52,729		65,554		(7,962	)		57,592	2013/16	2013
Apartments at Cobblestone Square	Fredericksburg, VA		—			10,990		48,696		—			2,674		10,990		51,370		62,360		(7,440	)		54,920	2012	2016
Colonial Village at Hampton Glen	Glen Allen, VA		—			4,851		21,678		—			3,266		4,851		24,944		29,795		(6,757	)		23,038	1986	2013
Colonial Village at West End	Glen Allen, VA		—			4,661		18,908		—			2,943		4,661		21,851		26,512		(5,919	)		20,593	1987	2013
Township	Hampton, VA		—			1,509		8,189		—			8,663		1,509		16,852		18,361		(11,425	)		6,936	1987	1995
Colonial Village at Waterford	Midlothian, VA		—			6,733		29,221		—			4,768		6,733		33,989		40,722		(9,654	)		31,068	1989	2013
Ashley Park	Richmond, VA		—			4,761		13,365		—			2,363		4,761		15,728		20,489		(4,968	)		15,521	1988	2013

					Initial Cost				Costs Capitalized Subsequent to Acquisition				Gross Amount carried as of December 31, 2019
Property	Location	Encumbrances			Land		Buildings and Fixtures		Land		Buildings and Fixtures		Land		Buildings and Fixtures		Total ⁽⁴⁾		Accumulated Depreciation ⁽⁵⁾			Net		Date of Construction	Date Acquired
Colonial Village at Chase Gayton	Richmond, VA		—			6,021		29,004		—		3,662		6,021		32,666		38,687		(9,211	)		29,476	1984	2013
Hamptons at Hunton Park	Richmond, VA		—			4,930		35,598		—		6,079		4,930		41,677		46,607		(12,283	)		34,324	2003	2011
Retreat at West Creek	Richmond, VA		—			7,112		36,136		—		1,957		7,112		38,093		45,205		(4,699	)		40,506	2015	2015
Retreat at West Creek II	Richmond, VA		—			3,000		—		—		12,141		3,000		12,141		15,141		(859	)		14,282	2017	2015
Radius	Newport News, VA		—			5,040		36,481		—		3,070		5,040		39,551		44,591		(4,966	)		39,625	2012	2015
Post Carlyle Square	Washington D.C.		—			29,728		154,309		—		2,338		29,728		156,647		186,375		(18,306	)		168,069	2006/13	2016
Post Corners at Trinity Center	Washington D.C.		—			7,664		70,012		—		2,011		7,664		72,023		79,687		(8,487	)		71,200	1996	2016
Post Fallsgrove	Washington D.C.		—			17,524		58,896		—		2,783		17,524		61,679		79,203		(7,557	)		71,646	2003	2016
Post Park	Washington D.C.		—			5,355		79,842		—		1,732		5,355		81,574		86,929		(12,442	)		74,487	2010	2016
Post Pentagon Row	Washington D.C.		—			30,452		125,091		—		6,189		30,452		131,280		161,732		(16,006	)		145,726	2001	2016
Post Tysons Corner	Washington D.C.		—			30,776		82,021		—		3,129		30,776		85,150		115,926		(10,043	)		105,883	1990	2016
Total Residential Properties			145,473			1,820,078		9,941,939		5,286		1,691,471		1,825,364		11,633,410		13,458,774		(2,915,332	)		10,543,442
Colonial Promenade at Huntsville Retail	Huntsville, AL		—			1,748		—		—		—		1,748		—		1,748		—			1,748	2017	2013
220 Riverside Retail	Jacksonville, FL		—			119		2,902		—		7		119		2,909		3,028		(40	)		2,988	2015	2019
Allure in Buckhead Retail	Atlanta, GA		—			867		3,465		—		430		867		3,895		4,762		(928	)		3,834	2012	2012
Highlands of West Village Retail	Smyrna, GA		—			2,500		8,446		908		1,356		3,408		9,802		13,210		(1,742	)		11,468	2012	2014
The Denton Retail	Kansas City, MO		—			700		4,439		—		510		700		4,949		5,649		(606	)		5,043	2014	2015
1225 South Church Retail	Charlotte, NC		—			43		199		9		242		52		441		493		(140	)		353	2010	2010
Bella Casita at Las Colinas Retail	Irving, TX		—	⁽²⁾		46		186		—		164		46		350		396		(102	)		294	2007	2010
Times Square at Craig Ranch Retail	McKinney, TX		—			253		1,310		—		3,551		253		4,861		5,114		(755	)		4,359	2009	2010
Post Rocky Point Retail	Tampa, FL		—			34		51		—		272		34		323		357		(79	)		278	1994-1996	2016
Post Training Facility	Atlanta, GA		—			1,092		968		—		32		1,092		1,000		2,092		(245	)		1,847	1999	2016
Post Riverside Office	Atlanta, GA		—			9,680		22,108		—		8,435		9,680		30,543		40,223		(4,560	)		35,663	1996	2016
Post Riverside Retail	Atlanta, GA		—			889		2,340		—		2,568		889		4,908		5,797		(499	)		5,298	1996	2016
Post Harbour Place Retail	Tampa, FL		—			386		4,315		—		306		386		4,621		5,007		(571	)		4,436	1997	2016
Post Soho Square Retail	Tampa, FL		—			268		4,033		—		6		268		4,039		4,307		(674	)		3,633	2012	2016
Post Parkside Atlanta Retail	Atlanta, GA		—			426		1,089		—		21		426		1,110		1,536		(146	)		1,390	1999	2016
Post Uptown Place Retail	Charlotte, NC		—			319		1,144		—		11		319		1,155		1,474		(159	)		1,315	1998	2016
Post Uptown Leasing Center	Charlotte, NC		—			1,290		1,488		—		114		1,290		1,602		2,892		(186	)		2,706	1998	2016
Post Park Maryland Retail	Washington D.C.		—			25		137		—		—		25		137		162		(14	)		148	2007	2016
Post South End Retail	Charlotte, NC		—			470		1,289		—		121		470		1,410		1,880		(205	)		1,675	2009	2016
Post Gateway Place Retail	Charlotte, NC		—			318		1,430		—		24		318		1,454		1,772		(222	)		1,550	2000	2016
Post Parkside at Wade Retail	Raleigh, NC		—			317		4,552		—		71		317		4,623		4,940		(774	)		4,166	2011	2016
Hue Retail	Raleigh, NC		—			—		2,129		—		65		—		2,194		2,194		(103	)		2,091	2010	2018
Post Parkside Orlando Retail	Orlando, FL		—			742		11,924		—		1,119		742		13,043		13,785		(1,604	)		12,181	1999	2016
Post Carlyle Square Retail	Washington D.C.		—			1,048		7,930		—		38		1,048		7,968		9,016		(1,002	)		8,014	2006/16	2016
Post Coles Corner Retail	Dallas, TX		—			347		716		—		52		347		768		1,115		(117	)		998	1998	2016
Post Square Retail	Dallas, TX		—			1,581		5,982		—		277		1,581		6,259		7,840		(810	)		7,030	1996	2016
Post Worthington Retail	Dallas, TX		—			108		495		—		359		108		854		962		(64	)		898	1993/2008	2016
Post Heights Retail	Dallas, TX		—			1,066		3,314		—		100		1,066		3,414		4,480		(475	)		4,005	1997	2016
Post Eastside Retail	Dallas, TX		—			682		10,645		—		209		682		10,854		11,536		(1,417	)		10,119	2008	2016
Post Addison Circle Retail	Dallas, TX		—			448		21,386		—		1,768		448		23,154		23,602		(3,551	)		20,051	1998-2000	2016
Post Addison Circle Office	Dallas, TX		—			1,395		4,280		—		693		1,395		4,973		6,368		(977	)		5,391	1998-2000	2016
Post Sierra Frisco Bridges Retail	Dallas, TX		—			779		6,593		—		557		779		7,150		7,929		(998	)		6,931	2009	2016
Post Katy Trail Retail	Dallas, TX		—			465		4,883		—		35		465		4,918		5,383		(589	)		4,794	2010	2016
Post Midtown Square Retail	Houston, TX		—			1,327		16,005		—		256		1,327		16,261		17,588		(1,984	)		15,604	1999/2013	2016
Rise Condo Devel LP Retail	Houston, TX		—			—		2,280		—		—		—		2,280		2,280		(313	)		1,967	1999/2013	2016
Post Legacy Retail	Dallas, TX		—			150		3,334		—		346		150		3,680		3,830		(428	)		3,402	2000	2016
Post South Lamar Retail	Austin, TX		—			421		3,072		—		436		421		3,508		3,929		(427	)		3,502	2011	2016
The Greene Retail	Greenville, SC		—			—		—		—		—		—		—		—		—			—	2019	2019
Total Retail / Commercial Properties			—			32,349		170,859		917		24,551		33,266		195,410		228,676		(27,506	)		201,170
Copper Ridge II	Roanoke, TX		—			830		—		—		19,350		830		19,350		20,180		—			20,180	N/A	2008
MAA at Frisco Bridges II	Dallas, TX		—			6,100		—		—		37,491		6,100		37,491		43,591		—			43,591	N/A	2016
Novel Midtown	Phoenix, AZ		—			9,381		—		—		20,734		9,381		20,734		30,115		—			30,115	N/A	2019
Jefferson Sand Lake	Orlando, FL		—			7,704		—		—		7,695		7,704		7,695		15,399		—			15,399	N/A	2019
Westglenn	Denver, CO		—			8,077		—		—		9,398		8,077		9,398		17,475		—			17,475	N/A	2018
Long Point	Houston, TX		—			9,031		—		—		1,437		9,031		1,437		10,468		—			10,468	N/A	2018
336 N Orange	Orlando, FL		—			6,004		—		—		6,819		6,004		6,819		12,823		—			12,823	N/A	2018
Total Active Development Properties			—			47,127		—		—		102,924		47,127		102,924		150,051		—			150,051
Total Properties			145,473			1,899,554		10,112,798		6,203		1,818,946		1,905,757		11,931,744		13,837,501		(2,942,838	)		10,894,663
Total Land Held for Future Developments			—			34,548		—		—		—		34,548		—		34,548		—			34,548	N/A	Various
Corporate Properties			—			—		—		—		26,658		—		26,658		26,658		(12,415	)		14,243	Various	Various
Total Other			—			34,548		—		—		26,658		34,548		26,658		61,206		(12,415	)		48,791
Total Real Estate Assets, net of Joint Ventures		$	145,473		$	1,934,102	$	10,112,798	$	6,203	$	1,845,604	$	1,940,305	$	11,958,402	$	13,898,707	$	(2,955,253	)	$	10,943,454

⁽¹⁾	^{Encumbered by a $172.0 million secured property mortgage, with a fixed interest rate of 4.44%, which matures on January 10, 2049.}

⁽²⁾	^{Encumbered by a $121.1 million secured property mortgage, with a fixed interest rate of 5.08%, which matures on June 10, 2021.}

⁽³⁾	^{Encumbered by a $191.3 million secured property mortgage, with a fixed interest rate of 4.43%, which matures on February 10, 2049.}

⁽⁴⁾

^{The aggregate cost for federal income tax purposes was approximately $11.4 billion at December 31, 2019. The aggregate cost for book purposes exceeds the total gross amount of real estate assets for federal income tax purposes, principally due to purchase accounting adjustments recorded under accounting principles generally accepted in the United States of America.}

⁽⁵⁾	^{Depreciation is recognized on a straight-line basis over the estimated useful asset life, which ranges from eight to 40 years for land improvements and buildings, five years for furniture, fixtures and equipment and six months for the fair market value of residential leases.}

Mid-America Apartment Communities, Inc. and Mid-America Apartments, L.P.

Schedule III - Real Estate and Accumulated Depreciation

Years ended December 31, 2019, 2018 and 2017

The following table summarizes the Company’s changes in real estate investments and accumulated depreciation for the years ended December 31, 2019, 2018 and 2017 (dollars in thousands):

	2019			2018			2017
Real estate investments:
Balance at beginning of year	$	13,656,807		$	13,292,039		$	12,972,170
Acquisitions ⁽¹⁾		105,730			130,187			127,710
Less: FMV of leases included in acquisitions		(512	)		(796	)		(1,488	)
Improvement and development		302,380			253,954			322,829
Assets held for sale		—			—			(5,321	)
Disposition of real estate assets ⁽²⁾		(165,698	)		(18,577	)		(123,861	)
Balance at end of year	$	13,898,707		$	13,656,807		$	13,292,039
Accumulated depreciation:
Balance at beginning of year	$	2,549,287		$	2,075,071		$	1,674,801
Depreciation		493,674			485,654			463,590
Disposition of real estate assets ⁽²⁾		(87,708	)		(11,438	)		(63,320	)
Balance at end of year	$	2,955,253		$	2,549,287		$	2,075,071

⁽¹⁾	^{Includes non-cash activity related to acquisitions.}

⁽²⁾	^{Includes assets sold, casualty losses, and removal of certain fully depreciated assets.}

See accompanying reports of independent registered public accounting firm.