Schedule III - Consolidated Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2019

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

SEC Schedule III - Consolidated Real Estate and Accumulated Depreciation

Kite Realty Group Trust and Kite Realty Group, L.P. and subsidiaries

Schedule III

Consolidated Real Estate and Accumulated Depreciation



($ in thousands)			Initial Cost				Cost Capitalized Subsequent to Acquisition/Development				Gross Carrying Amount Close of Period
					Building &				Building &				Building &				Accumulated		Year Built /	Year
Name	Encumbrances		Land		Improvements		Land		Improvements		Land		Improvements		Total		Depreciation		Renovated	Acquired
Operating Properties
12th Street Plaza *	$	—	$	2,624	$	13,293	$	—	$	749	$	2,624	$	14,042	$	16,666	$	4,224	1978/2003	2012
54th & College *	—		2,672		—		—		—		2,672		—		2,672		—		2008	NA
Bayonne Crossing	42,940		47,809		44,246		—		916		47,809		45,162		92,971		10,589		2011	2014
Bayport Commons *	—		7,005		20,648		—		2,090		7,005		22,738		29,743		7,438		2008	NA
Belle Isle *	—		9,130		41,426		—		4,635		9,130		46,061		55,191		10,085		2000	2015
Bridgewater Marketplace *	—		3,407		8,668		—		620		3,407		9,288		12,695		3,387		2008	NA
Burlington Coat Factory *	—		29		2,773		—		6		29		2,779		2,808		1,774		1992/2000	2000
Castleton Crossing *	—		9,761		29,309		—		1,019		9,761		30,328		40,089		8,288		1975	2013
Chapel Hill Shopping Center	18,250		—		35,072		—		1,344		—		36,416		36,416		7,538		2001	2015
City Center *	—		20,565		180,235		—		4,472		20,565		184,708		205,273		38,513		2018	2014
Centennial Center	70,455		58,960		72,704		—		1,243		58,960		73,947		132,907		21,115		2002	2014
Centennial Gateway	23,962		5,305		48,969		—		67		5,305		49,035		54,340		10,425		2005	2014
Centre Point Commons	14,410		2,918		22,372		—		113		2,918		22,485		25,403		4,952		2007	2014
Cobblestone Plaza *	—		11,221		45,526		—		1,386		11,221		46,912		58,133		12,508		2011	NA
Colonial Square *	—		7,521		18,566		—		2,160		7,521		20,726		28,247		4,211		2010	2014
Colleyville Downs *	—		5,446		38,534		—		1,755		5,446		40,289		45,735		10,594		2014	2015
Cool Creek Commons *	—		6,062		13,374		—		2,704		6,062		16,078		22,140		6,520		2005	NA
Cool Springs Market *	—		12,644		22,870		40		6,414		12,684		29,285		41,969		8,464		1995	2013
Crossing at Killingly Commons *	—		21,999		34,806		—		191		21,999		34,996		56,995		8,687		2010	2014
Delray Marketplace	55,830		18,750		87,353		1,284		5,801		20,034		93,155		113,189		21,103		2013	NA
DePauw University Bookstore & Café	—		64		663		—		45		64		708		772		369		2012	NA
Draper Crossing *	—		9,054		27,156		—		663		9,054		27,819		36,873		6,855		2012	2014
Draper Peaks *	—		11,498		47,093		522		3,886		12,020		50,980		63,000		9,570		2012	2014
Eastern Beltway Center	34,100		23,221		45,659		—		3,993		23,221		49,652		72,873		9,644		1998/2006	2014
Eastgate Pavilion *	—		8,026		18,067		—		1,235		8,026		19,302		27,328		8,449		1995	2004
Eddy Street Commons	—		1,900		36,762		—		2,071		1,900		38,833		40,733		12,771		2009	NA
Estero Town Commons *	—		8,973		9,953		—		976		8,973		10,930		19,903		3,701		2006	NA
Fishers Station *	—		4,008		15,773		—		82		4,008		15,854		19,862		4,603		2018	NA



			Initial Cost				Cost Capitalized Subsequent to Acquisition/Development					Gross Carrying Amount Close of Period
					Building &					Building &				Building &				Accumulated		Year Built /	Year
Name	Encumbrances		Land		Improvements		Land			Improvements		Land		Improvements		Total		Depreciation		Renovated	Acquired
Operating Properties (continued)
Geist Pavilion *	$	—	$	1,368	$	8,449	$	—		$	2,355	$	1,368	$	10,804	$	12,172	$	4,594	2006	NA
Greyhound Commons *	—		2,629		794		—			861		2,629		1,655		4,284		860		2005	NA
Holly Springs Towne Center *	—		12,319		46,589		—			3,964		12,319		50,553		62,872		10,524		2013	NA
Holly Springs Towne Center - Phase II *	—		11,910		49,212		—			1,345		11,910		50,557		62,467		6,185		2016	NA
Hunters Creek Promenade *	—		8,335		12,674		179			1,137		8,514		13,810		22,324		3,211		1994	2013
Indian River Square *	—		5,100		6,304		1,100			1,566		6,200		7,870		14,070		2,974		1997/2004	2005
International Speedway Square *	—		7,769		15,362		—			9,424		7,769		24,786		32,555		15,352		1999	NA
King's Lake Square *	—		4,519		15,630		—			1,696		4,519		17,326		21,845		8,309		1986/2014	2003
Kingwood Commons *	—		5,715		30,894		—			253		5,715		31,148		36,863		10,083		1999	2013
Lake City Commons	—		3,415		10,242		—			365		3,415		10,608		14,023		2,941		2008	2014
Lake City Commons - Phase II *	—		1,277		2,086		—			16		1,277		2,102		3,379		411		2011	2014
Lake Mary Plaza	—		1,413		8,719		—			89		1,413		8,808		10,221		1,781		2009	2014
Lithia Crossing *	—		3,065		9,983		—			6,061		3,065		16,044		19,109		5,846		1994/2003	2011
Market Street Village *	—		9,764		16,323		—			2,947		9,764		19,270		29,034		7,871		1970/2004	2005
Miramar Square	31,625		26,492		30,820		389			6,728		26,880		37,548		64,428		8,205		2008	2014
Mullins Crossing *	—		10,582		42,150		—			6,260		10,582		48,410		58,992		12,175		2005	2014
Naperville Marketplace	—		5,364		11,396		—			233		5,364		11,629		16,993		3,973		2008	NA
Nora Plaza			3,790		21,329		—			1,750		3,790		23,079		26,868		526		2004	2019
Northcrest Shopping Center	—		4,044		33,704		—			1,109		4,044		34,812		38,856		6,913		2008	2014
Northdale Promenade *	—		1,718		27,242		—			135		1,718		27,377		29,095		11,180		2017	NA
Oleander Place *	—		863		5,935		—			285		863		6,220		7,083		2,157		2012	2011
Parkside Town Commons - Phase I *	—		3,108		42,194		(60		)	788		3,047		42,982		46,029		9,496		2015	N/A
Parkside Town Commons - Phase II *	—		20,722		66,766		—			7,476		20,722		74,242		94,964		12,211		2017	N/A
Perimeter Woods *	—		8,993		26,879		—			821		8,993		27,700		36,693		5,729		2008	2014
Pine Ridge Crossing *	—		5,640		17,024		—			3,963		5,640		20,988		26,628		7,659		1994	2006
Plaza at Cedar Hill *	—		5,782		36,781		—			11,308		5,782		48,089		53,871		20,688		2000	2004
Pleasant Hill Commons	—		3,350		10,094		—			375		3,350		10,469		13,819		2,850		2008	2014
Portofino Shopping Center *	—		4,754		75,254		—			18,066		4,754		93,319		98,073		26,149		1999	2013
Publix at Woodruff *	—		1,783		6,352		—			878		1,783		7,230		9,013		3,205		1997	2012
Rampart Commons	9,495		1,136		42,808		—			554		1,136		43,362		44,498		9,591		2018	2014
Rangeline Crossing *	—		2,006		18,367		—			663		2,006		19,030		21,036		7,125		1986/2013	NA



			Initial Cost				Cost Capitalized Subsequent to Acquisition/Development				Gross Carrying Amount Close of Period
					Building &				Building &				Building &				Accumulated		Year Built /	Year
Name	Encumbrances		Land		Improvements		Land		Improvements		Land		Improvements		Total		Depreciation		Renovated	Acquired
Operating Properties (continued)
Riverchase Plaza *	$	—	$	3,889	$	11,404	$	—	$	1,123	$	3,889	$	12,527	$	16,416	$	4,956	1991/2001	2006
Rivers Edge *	—		5,647		31,358		—		1,938		5,647		33,295		38,942		10,285		2011	2008
Saxon Crossing	11,400		3,764		16,782		—		597		3,764		17,380		21,144		4,393		2009	2014
Shoppes at Plaza Green *	—		3,749		23,853		—		1,844		3,749		25,697		29,446		8,837		2000	2012
Shoppes of Eastwood *	—		1,688		8,969		—		502		1,688		9,471		11,159		3,221		1997	2013
Shops at Eagle Creek *	—		4,550		8,844		—		5,197		4,550		14,041		18,591		5,630		1998	2003
Shops at Julington Creek	4,785		2,372		7,189		—		347		2,372		7,536		9,908		1,289		2011	2014
Shops at Moore	21,300		6,284		23,375		—		1,606		6,284		24,981		31,265		4,743		2010	2014
Silver Springs Pointe	—		7,580		3,602		—		1,712		7,580		5,313		12,893		1,352		2001	2014
Stoney Creek Commons *	—		628		3,700		—		5,913		628		9,613		10,241		3,617		2000	NA
Sunland Towne Centre *	—		14,774		21,026		—		5,039		14,774		26,066		40,840		11,097		1996	2004
Tarpon Bay Plaza *	—		4,273		23,096		—		5,056		4,273		28,152		32,425		8,259		2007	NA
The Corner	14,750		3,772		24,642		—		22		3,772		24,663		28,435		5,206		2008	2014
The Landing at Tradition *	—		18,505		46,226		—		536		18,505		46,762		65,267		9,080		2007	2014
Toringdon Market *	—		5,448		9,523		—		542		5,448		10,065		15,513		3,019		2004	2013
Traders Point *	—		9,443		36,433		—		2,838		9,443		39,271		48,714		16,843		2005	NA
Traders Point II *	—		2,376		6,107		—		1,164		2,376		7,271		9,647		3,086		2005	NA
Tradition Village Center *	—		3,140		14,842		—		566		3,140		15,408		18,548		3,273		2006	2014
Waterford Lakes Village *	—		2,317		6,388		—		571		2,317		6,960		9,277		2,956		1997	2004
Waxahachie Crossing	—		1,411		15,644		—		155		1,411		15,798		17,209		3,051		2010	2014
Westside Market *	—		4,194		17,606		—		536		4,194		18,142		22,336		3,104		2013	2014

Total Operating Properties	353,302		619,105		2,090,834		3,452		181,911		622,557		2,272,745		2,895,302		604,449



			Initial Cost				Cost Capitalized Subsequent to Acquisition/Development				Gross Carrying Amount Close of Period
					Building &				Building &				Building &				Accumulated		Year Built /	Year
Name	Encumbrances		Land		Improvements		Land		Improvements		Land		Improvements		Total		Depreciation		Renovated	Acquired
Office Properties
Thirty South *	$	—	$	1,643	$	9,600	$	—	$	21,860	$	1,643	$	31,461	$	33,104	$	12,752	1905/2002	2001
Pan Am Plaza Garage *	—		—		29,536		—		276		—		29,813		29,813		3,551		1986	2019
Union Station Parking Garage *	—		904		2,650		—		1,832		904		4,482		5,386		1,903		1986	2001

Total Office Properties	—		2,547		41,787		—		23,969		2,547		65,756		68,303		18,205

Development and Redevelopment Properties

Courthouse Shadows *	—		4,999		8,182		—		—		4,999		8,182		13,181		2,339		NA	NA
Eddy Street Commons - Phase II			2,209		4,394		—		—		2,209		4,394		6,603		40		NA	NA
Glendale Town Center*	—		1,494		43,832		—		3,011		1,494		46,843		48,337		32,221		NA	NA
Hamilton Crossing Centre*	—		5,549		10,326		—		—		5,549		10,326		15,875		4,226		NA	NA
The Corner *	—		304		3,681		—		155		304		3,836		4,140		—		NA	NA

Total Development and Redevelopment Properties	—		14,556		70,414		—		3,166		14,556		73,580		88,136		38,826

Other **

Bridgewater Marketplace *	—		2,139		—		—		—		2,139		—		2,139		—		NA	NA
Landstown - Fulton Bank Pad	—		930		—		—		—		930		—		930		—		2007	2014
KRG Development	—		—		885		—		—		—		885		885		66		NA	NA
KRG New Hill *	—		5,957		—		—		—		5,957		—		5,957		—		NA	NA
KRG Peakway	—		7,444		—		—		—		7,444		—		7,444		—		NA	NA
Pan Am Plaza	—		10,521		—		—		—		10,521		—		10,521		—		NA	NA

Total Other	—		26,990		885		—		—		26,990		885		27,875		66

Line of credit/Term Loan/Unsecured notes	800,000		—		—		—		—		—		—		—		—		NA	NA

Grand Total	$	1,153,302	$	663,198	$	2,203,919	$	3,452	$	209,046	$	666,650	$	2,412,966	$	3,079,616	$	661,546



____________________
*	This property or a portion of the property is included as an unencumbered asset used in calculating our line of credit borrowing base.
**	This category generally includes land held for development. We also have certain additional land parcels at our development and operating properties, which amounts are included elsewhere in this table.

Reconciliation of Investment Properties

The changes in investment properties of the Company for the years ended December 31, 2019, 2018, and 2017 are as follows:



	2019			2018			2017
Balance, beginning of year	$	3,633,376		$	3,949,431		$	3,988,819
Acquisitions	57,494			—			—
Improvements	52,713			68,349			78,947
Impairment	(56,948		)	(73,198		)	(10,897		)
Disposals	(607,019		)	(311,206		)	(107,438		)
Balance, end of year	$	3,079,616		$	3,633,376		$	3,949,431

The unaudited aggregate cost of investment properties for U.S. federal tax purposes as of December 31, 2019 was $2.3 billion.Reconciliation of Accumulated Depreciation

The changes in accumulated depreciation of the Company for the years ended December 31, 2019, 2018, and 2017 are as follows:



	2019			2018			2017
Balance, beginning of year	$	695,012		$	660,276		$	556,851
Depreciation expense	117,216			132,662			148,346
Impairment	(19,226		)	(2,838		)	(3,494		)
Disposals	(131,456		)	(95,088		)	(41,427		)
Balance, end of year	$	661,546		$	695,012		$	660,276

Depreciation of investment properties reflected in the statements of operations is calculated over the estimated original lives of the assets as follows:



Buildings	20-35 years
Building improvements	10-35 years
Tenant improvements	Term of related lease
Furniture and Fixtures	5-10 years

All other schedules have been omitted because they are inapplicable, not required or the information is included elsewhere in the consolidated financial statements or notes thereto.