Schedule III - Consolidated Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2020

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	$	12,892	$	—	$	755	$	2,624	$	13,647	$	16,271	$	4,530	1978/2003	2012
54th & College *	—		2,672		—		—		—		2,672		—		2,672		—		2008	NA
Bayonne Crossing	42,113		47,809		43,960		—		917		47,809		44,877		92,686		12,397		2011	2014
Bayport Commons *	—		7,005		20,776		—		4,109		7,005		24,886		31,891		8,162		2008	NA
Belle Isle *	—		9,130		41,167		—		5,968		9,130		47,135		56,265		12,409		2000	2015
Bridgewater Marketplace *	—		3,407		8,602		—		1,244		3,407		9,845		13,252		3,708		2008	NA
Burlington Coat Factory *	—		—		2,773		—		29		—		2,802		2,802		2,093		1992/2000	2000
Castleton Crossing *	—		9,761		28,052		—		944		9,761		28,996		38,757		8,212		1975	2013
Chapel Hill Shopping Center	18,250		—		35,109		—		1,856		—		36,965		36,965		9,380		2001	2015
City Center *	—		20,565		180,007		—		4,690		20,565		184,697		205,262		46,121		2018	2014
Centennial Center	70,455		58,960		72,676		—		4,720		58,960		77,396		136,356		25,247		2002	2014
Centennial Gateway	23,962		5,305		48,739		—		576		5,305		49,315		54,620		12,364		2005	2014
Centre Point Commons	14,410		2,918		22,310		—		132		2,918		22,441		25,359		5,790		2007	2014
Cobblestone Plaza *	—		11,221		45,028		—		2,849		11,221		47,877		59,098		13,852		2011	NA
Colonial Square *	—		7,521		18,696		—		2,138		7,521		20,834		28,355		5,009		2010	2014
Colleyville Downs *	—		5,446		38,533		—		2,064		5,446		40,597		46,043		12,875		2014	2015
Cool Creek Commons *	—		6,062		13,428		—		3,802		6,062		17,229		23,291		7,192		2005	NA
Cool Springs Market *	—		12,644		22,870		40		6,449		12,684		29,319		42,003		10,152		1995	2013
Crossing at Killingly Commons *	—		21,999		34,968		—		(5)		21,999		34,963		56,962		10,252		2010	2014
Delray Marketplace	55,110		18,750		88,421		1,284		4,960		20,034		93,381		113,415		24,378		2013	NA
DePauw University Bookstore & Café	—		64		663		—		45		64		708		772		416		2012	NA
Draper Crossing *	—		9,054		27,241		—		894		9,054		28,134		37,188		8,171		2012	2014
Draper Peaks *	—		11,498		47,125		522		4,135		12,020		51,260		63,280		11,529		2012	2014
Eastern Beltway Center	34,100		23,221		45,725		—		4,675		23,221		50,400		73,621		11,620		1998/2006	2014
Eastgate Crossing	—		4,244		59,326		—		—		4,244		59,326		63,570		—		1958/2007	2020
Eastgate Pavilion *	—		8,026		18,763		—		904		8,026		19,667		27,693		9,224		1995	2004
Eddy Street Commons	—		1,900		37,051		—		1,154		1,900		38,205		40,105		13,599		2009	NA
Estero Town Commons *	—		8,973		9,960		—		989		8,973		10,949		19,922		4,077		2006	NA
Fishers Station *	—		4,008		15,607		—		73		4,008		15,680		19,688		5,215		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	$	8,280	$	—	$	2,362	$	1,368	$	10,642	$	12,010	$	4,898	2006	NA
Greyhound Commons *	—		2,629		794		—		863		2,629		1,657		4,286		942		2005	NA
Holly Springs Towne Center *	—		12,319		45,904		—		4,783		12,319		50,688		63,007		11,499		2013	NA
Holly Springs Towne Center - Phase II *	—		11,590		49,006		—		1,455		11,590		50,461		62,051		8,159		2016	NA
Hunters Creek Promenade *	—		8,335		12,681		179		1,151		8,514		13,831		22,345		3,685		1994	2013
Indian River Square *	—		5,100		6,305		1,100		1,924		6,200		8,229		14,429		3,251		1997/2004	2005
International Speedway Square *	—		7,424		12,840		—		6,875		7,424		19,715		27,139		11,267		1999	NA
King's Lake Square *	—		4,519		15,405		—		1,698		4,519		17,103		21,622		8,698		1986/2014	2003
Kingwood Commons *	—		5,715		30,668		—		249		5,715		30,916		36,631		11,185		1999	2013
Lake City Commons	—		3,415		10,242		—		365		3,415		10,608		14,023		3,415		2008	2014
Lake City Commons - Phase II *	—		1,277		2,225		—		(124)		1,277		2,102		3,379		486		2011	2014
Lake Mary Plaza	—		1,413		8,706		—		160		1,413		8,866		10,279		2,071		2009	2014
Lithia Crossing *	—		3,065		7,611		—		6,248		3,065		13,859		16,924		5,443		1994/2003	2011
Market Street Village *	—		9,764		16,360		—		3,052		9,764		19,412		29,176		8,557		1970/2004	2005
Miramar Square	31,625		26,492		30,847		389		11,331		26,880		42,178		69,058		9,986		2008	2014
Mullins Crossing *	—		10,582		42,140		—		6,233		10,582		48,373		58,955		14,063		2005	2014
Naperville Marketplace	—		5,364		11,475		—		160		5,364		11,634		16,998		4,328		2008	NA
Nora Plaza			3,790		21,310		—		2,150		3,790		23,460		27,249		2,077		2004	2019
Northcrest Shopping Center	—		4,044		33,684		—		1,284		4,044		34,968		39,012		8,101		2008	2014
Northdale Promenade *	—		1,718		27,292		—		161		1,718		27,453		29,171		12,891		2017	NA
Oleander Place *	—		863		5,935		—		285		863		6,220		7,083		2,522		2012	2011
Parkside Town Commons - Phase I *	—		3,108		42,194		(60)		711		3,047		42,905		45,952		11,279		2015	N/A
Parkside Town Commons - Phase II *	—		20,722		66,524		—		9,828		20,722		76,352		97,074		15,245		2017	N/A
Perimeter Woods *	—		8,993		27,277		—		1,937		8,993		29,213		38,206		6,857		2008	2014
Pine Ridge Crossing *	—		5,640		16,885		—		3,981		5,640		20,866		26,506		8,278		1994	2006
Plaza at Cedar Hill *	—		5,782		36,649		—		11,784		5,782		48,433		54,215		22,537		2000	2004
Pleasant Hill Commons	—		3,350		10,116		—		356		3,350		10,472		13,822		3,292		2008	2014
Portofino Shopping Center *	—		4,754		75,221		—		19,144		4,754		94,366		99,120		30,615		1999	2013
Publix at Woodruff *	—		1,783		6,361		—		869		1,783		7,230		9,013		3,697		1997	2012
Rampart Commons	8,816		1,136		42,726		—		592		1,136		43,318		44,454		11,926		2018	2014
Rangeline Crossing *	—		2,006		18,020		—		619		2,006		18,639		20,645		7,580		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	$	11,389	$	—	$	1,136	$	3,889	$	12,525	$	16,414	$	5,351	1991/2001	2006
Rivers Edge *	—		5,647		31,347		—		1,938		5,647		33,285		38,932		11,614		2011	2008
Saxon Crossing	11,400		3,764		16,762		—		578		3,764		17,340		21,104		5,069		2009	2014
Shoppes at Plaza Green *	—		3,749		23,011		—		2,184		3,749		25,195		28,944		9,554		2000	2012
Shoppes of Eastwood *	—		1,688		8,949		—		504		1,688		9,454		11,142		3,691		1997	2013
Shops at Eagle Creek *	—		3,668		8,760		—		5,234		3,668		13,994		17,662		6,123		1998	2003
Shops at Julington Creek	4,785		2,372		7,300		—		260		2,372		7,561		9,933		1,537		2011	2014
Shops at Moore	21,300		6,284		23,348		—		1,200		6,284		24,548		30,832		5,451		2010	2014
Silver Springs Pointe	—		7,580		4,992		—		321		7,580		5,313		12,893		1,605		2001	2014
Stoney Creek Commons *	—		628		3,700		—		5,913		628		9,614		10,242		4,107		2000	NA
Sunland Towne Centre *	—		14,774		22,528		—		3,540		14,774		26,068		40,842		12,047		1996	2004
Tarpon Bay Plaza *	—		4,273		23,001		—		4,452		4,273		27,454		31,727		8,350		2007	NA
The Corner	14,750		3,772		24,642		—		28		3,772		24,669		28,441		5,970		2008	2014
The Landing at Tradition *	—		18,505		46,210		—		2,980		18,505		49,191		67,696		10,922		2007	2014
Toringdon Market *	—		5,448		8,703		—		622		5,448		9,325		14,773		2,734		2004	2013
Traders Point *	—		9,443		34,697		—		3,403		9,443		38,100		47,543		20,127		2005	NA
Traders Point II *	—		2,376		6,363		—		914		2,376		7,277		9,653		3,281		2005	NA
Tradition Village Center *	—		3,140		14,826		—		632		3,140		15,458		18,598		3,943		2006	2014
Waterford Lakes Village *	—		2,317		6,347		—		602		2,317		6,949		9,266		3,138		1997	2004
Waxahachie Crossing	—		1,411		15,552		—		100		1,411		15,652		17,063		3,429		2010	2014
Westside Market *	—		4,194		17,723		—		427		4,194		18,150		22,344		3,707		2013	2014

Total Operating Properties	351,076		621,773		2,142,304		3,452		200,519		625,225		2,342,823		2,968,048		688,558


			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	$	9,536	$	—	$	21,922	$	1,643	$	31,457	$	33,100	$	14,246	1905/2002	2001
Pan Am Plaza Garage *	—		—		29,536		—		276		—		29,813		29,813		7,761		1986	2019
Union Station Parking Garage *	—		904		2,650		—		1,857		904		4,506		5,410		2,057		1986	2001

Total Office Properties	—		2,547		41,722		—		24,055		2,547		65,777		68,324		24,064

Development and Redevelopment Properties

Eddy Street Commons - Phase II			4,188		5,642		—		—		4,188		5,642		9,830		267		NA	NA
Glendale Town Center*	—		1,307		43,221		—		4,148		1,307		47,369		48,676		32,685		NA	NA
Hamilton Crossing Centre*	—		5,531		10,339		—		63		5,531		10,403		15,934		4,471		NA	NA
The Corner *	—		304		4,145		—		—		304		4,145		4,449		—		NA	NA

Total Development and Redevelopment Properties	—		11,329		63,347		—		4,211		11,329		67,558		78,888		37,423

Other **

Bridgewater Marketplace *	—		1,722		—		—		—		1,722		—		1,722		—		NA	NA
KRG Development	—		—		716		—		—		—		716		716		74		NA	NA
KRG New Hill *	—		1,812		—		—		—		1,812		—		1,812		—		NA	NA
KRG Peakway	—		5,777		—		—		—		5,777		—		5,777		—		NA	NA
Pan Am Plaza	—		11,694		—		—		—		11,694		—		11,694		—		NA	NA

Total Other	—		21,006		716		—		—		21,006		716		21,722		74

Line of credit/Term Loan/Unsecured notes	825,000		—		—		—		—		—		—		—		—		NA	NA

Grand Total	$	1,176,076	$	656,655	$	2,248,089	$	3,452	$	228,785	$	660,107	$	2,476,874	$	3,136,982	$	750,119


____________________
*			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, 2020, 2019, and 2018 are as follows:


	2020		2019		2018
Balance, beginning of year	$	3,079,616	$	3,633,376	$	3,949,431
Acquisitions	63,570		57,494		—
Improvements	39,544		52,713		68,349
Impairment	—		(56,948)		(73,198)
Disposals	(45,748)		(607,019)		(311,206)
Balance, end of year	$	3,136,982	$	3,079,616	$	3,633,376

The unaudited aggregate cost of investment properties for U.S. federal tax purposes as of December 31, 2020 was $2.3 billion.

Reconciliation of Accumulated Depreciation

The changes in accumulated depreciation of the Company for the years ended December 31, 2020, 2019, and 2018 are as follows:


	2020		2019		2018
Balance, beginning of year	$	661,546	$	695,012	$	660,276
Depreciation expense	113,973		117,216		132,662
Impairment	—		(19,226)		(2,838)
Disposals	(25,400)		(131,456)		(95,088)
Balance, end of year	$	750,119	$	661,546	$	695,012

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.