Schedule III - Real Estate And Accumulated Depreciation

12 Months Ended

Dec. 31, 2023

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

Schedule III - Real Estate and Accumulated Depreciation


			Initial Cost (A)								Gross amount at which carried at end of period
PROPERTY NAME Location	Encumbrance		Land		Buildings and Improvements		Adjustments to Land Basis (B)		Adjustments to Basis (B)		Land		Buildings and Improvements		Total (C)		Accumulated Depreciation (D,E)		Year Acquired
Antoine Town Center Houston, TX	$	—	$	5,327	$	14,333	$	—	$	(612)	$	5,327	$	13,721	$	19,048	$	2,524	2020
Bay Colony Houston, TX	38,276		8,287		41,714		—		—		8,287		41,714		50,001		1,835		2023
Bay Landing Bonita Springs, FL	—		1,687		9,283		—		67		1,687		9,350		11,037		666		2022
Bear Creek Village Center Wildomar, CA	—		3,523		12,384		—		426		3,523		12,810		16,333		6,685		2009
Bent Tree Plaza Raleigh, NC	—		1,983		7,093		—		1,941		1,983		9,034		11,017		4,619		2009
Blackhawk Town Center Houston, TX	—		10,265		6,156		—		—		10,265		6,156		16,421		449		2023
Buckhead Crossing Atlanta, GA	—		7,565		27,104		—		3,527		7,565		30,631		38,196		15,491		2009
Campus Marketplace San Marcos, CA	—		26,928		43,445		55		969		26,983		44,414		71,397		11,125		2017
Cary Park Town Center Cary, NC	—		5,555		17,280		—		22		5,555		17,302		22,857		4,087		2017
Commons at University Place Durham, NC	—		3,198		17,909		—		(8)		3,198		17,901		21,099		3,028		2019
Coweta Crossing Newnan, GA	—		1,143		4,590		—		40		1,143		4,630		5,773		2,637		2009
Custer Creek Village Richardson, TX	—		4,750		12,245		—		1,302		4,750		13,547		18,297		6,839		2007
Cyfair Town Center Houston, TX	28,163		16,184		48,566		—		—		16,184		48,566		64,750		2,036		2023
Eastfield Village Charlotte, NC	—		2,327		14,321		—		119		2,327		14,440		16,767		762		2022
Eldorado Marketplace Frisco, TX	—		15,732		49,311		—		597		15,732		49,908		65,640		7,652		2019
Eldridge Town Center & Windermere Village Houston, TX	—		5,380		22,994		1,977		6,095		7,357		29,089		36,446		13,655		2005
Escarpment Village Austin, TX	26,000		19,641		51,763		—		227		19,641		51,990		71,631		3,939		2022
Garden Village San Pedro, CA	—		3,188		16,522		3,268		1,799		6,456		18,321		24,777		9,103		2009
Gateway Market Center St. Petersburg, FL	—		13,600		4,992		—		5,165		13,600		10,157		23,757		3,692		2010
Kennesaw Marketplace Kennesaw, GA	—		12,587		51,860		—		458		12,587		52,318		64,905		10,272		2018
Kyle Marketplace Kyle, TX	—		6,076		48,220		711		626		6,787		48,846		55,633		10,583		2017


			Initial Cost (A)								Gross amount at which carried at end of period
PROPERTY NAME Location	Encumbrance		Land		Buildings and Improvements		Adjustments to Land Basis (B)		Adjustments to Basis (B)		Land		Buildings and Improvements		Total (C)		Accumulated Depreciation (D,E)		Year Acquired
Lakeside & Lakeside Crossing Winter Park, FL	$	—	$	16,594	$	41,085	$	—	$	(112)	$	16,594	$	40,973	$	57,567	$	6,996	2019
Market at Westlake Westlake Hills, TX	—		1,200		6,274		(64)		(42)		1,136		6,232		7,368		3,385		2007
Northcross Commons Charlotte, NC	—		7,591		21,303		—		824		7,591		22,127		29,718		5,584		2016
Old Grove Marketplace Oceanside, CA	—		12,545		8,902		—		502		12,545		9,404		21,949		2,613		2016
Pavilion at La Quinta LaQuinta, CA	—		15,200		20,947		—		2,053		15,200		23,000		38,200		11,884		2009
Peachland Promenade Port Charlotte, FL	—		1,742		6,502		4,158		10,368		5,900		16,870		22,770		3,381		2009
PGA Plaza Palm Beach Gardens Palm Beach Gardens, FL	—		10,414		75,730		—		1,247		10,414		76,977		87,391		14,505		2018
Plantation Grove Ocoee, FL	7,300		3,705		6,300		—		1,009		3,705		7,309		11,014		2,521		2014
Plaza Midtown Atlanta, GA	—		5,295		23,946		—		770		5,295		24,716		30,011		5,158		2017
Prestonwood Town Center Dallas, TX	—		22,055		22,140		—		(450)		22,055		21,690		43,745		2,468		2021
Renaissance Center Durham, NC	—		26,713		96,141		—		6,424		26,713		102,565		129,278		28,919		2016
Rio Pinar Plaza Orlando, FL	—		5,171		26,903		676		1,918		5,847		28,821		34,668		8,127		2015
River Oaks Santa Clarita, CA	—		24,598		88,418		—		2,613		24,598		91,031		115,629		19,242		2017
Riverview Village Arlington, TX	—		6,000		9,649		—		448		6,000		10,097		16,097		5,575		2007
Riverwalk Market Flower Mound, TX	—		5,931		23,922		—		902		5,931		24,824		30,755		6,420		2016
Rose Creek Woodstock, GA	—		1,443		5,630		—		550		1,443		6,180		7,623		3,208		2009
Sandy Plains Centre Marietta, GA	—		12,364		27,270		652		2,223		13,016		29,493		42,509		5,094		2018
Sarasota Pavilion Sarasota, FL	—		12,000		25,823		—		6,684		12,000		32,507		44,507		13,823		2010
Scofield Crossing Austin, TX	—		8,100		4,992		(576)		2,937		7,524		7,929		15,453		3,229		2007
Shops at Arbor Trails Austin, TX	31,500		28,233		76,769		—		144		28,233		76,913		105,146		6,027		2022


			Initial Cost (A)								Gross amount at which carried at end of period
PROPERTY NAME Location	Encumbrance		Land		Buildings and Improvements		Adjustments to Land Basis (B)		Adjustments to Basis (B)		Land		Buildings and Improvements		Total (C)		Accumulated Depreciation (D,E)		Year Acquired
Shops at Fairview Town Center Fairview, TX	$	—	$	7,299	$	25,233	$	—	$	1,117	$	7,299	$	26,350	$	33,649	$	4,126	2019
Shops at the Galleria Bee Cave, TX	—		52,104		75,651		(597)		4,433		51,507		80,084		131,591		21,974		2016
Sonterra Village San Antonio, TX	—		5,150		15,095		(181)		880		4,969		15,975		20,944		4,456		2015
Southern Palm Crossing Royal Palm Beach, FL	—		37,735		49,843		(745)		2,120		36,990		51,963		88,953		8,844		2019
Stables Town Center Houston, TX	6,029		5,899		20,439		—		—		5,899		20,439		26,338		889		2023
Stevenson Ranch Stevenson Ranch, CA	—		29,519		39,190		—		1,565		29,519		40,755		70,274		10,804		2016
Stone Ridge Market San Antonio, TX	—		8,935		38,754		—		(6,501)		8,935		32,253		41,188		1,477		2022
Suncrest Village Orlando, FL	8,400		6,742		6,403		—		11,308		6,742		17,711		24,453		2,443		2014
Sycamore Commons Matthews, NC	—		12,500		31,265		—		2,277		12,500		33,542		46,042		16,873		2010
The Centre on Hugh Howell Tucker, GA	—		2,250		11,091		—		1,013		2,250		12,104		14,354		6,390		2007
The Highlands of Flower Mound Flower Mound, TX	22,880		6,330		24,374		—		(485)		6,330		23,889		30,219		1,852		2022
The Parke Cedar Park, TX	—		9,271		83,078		—		1,371		9,271		84,449		93,720		19,332		2017
The Pointe at Creedmoor Raleigh, NC	—		7,507		5,454		—		82		7,507		5,536		13,043		1,670		2016
The Shoppes at Davis Lake Charlotte, NC	—		6,232		12,903		—		—		6,232		12,903		19,135		341		2023
The Shops at Town Center Germantown, MD	—		19,998		29,776		—		1,110		19,998		30,886		50,884		7,525		2017
Thomas Crossroads Newnan, GA	—		1,622		8,322		—		1,944		1,622		10,266		11,888		4,853		2009
Travilah Square Rockville, MD	—		8,964		39,836		—		607		8,964		40,443		49,407		5,914		2019
University Oaks Shopping Center Round Rock, TX	—		7,250		25,326		(170)		8,934		7,080		34,260		41,340		17,141		2010
Westfork Plaza & Paraiso Parc Pembroke Pines, FL	—		28,267		124,019		—		6,129		28,267		130,148		158,415		31,238		2017


			Initial Cost (A)								Gross amount at which carried at end of period
PROPERTY NAME Location	Encumbrance		Land		Buildings and Improvements		Adjustments to Land Basis (B)		Adjustments to Basis (B)		Land		Buildings and Improvements		Total (C)		Accumulated Depreciation (D,E)		Year Acquired
Westpark Shopping Center Glen Allen, VA	$	—	$	7,462	$	24,164	$	(4)	$	5,215	$	7,458	$	29,379	$	36,837	$	7,852	2013
Windward Commons Alpharetta, GA	—		12,823		13,779		(171)		881		12,652		14,660		27,312		4,138		2016
Total corporate assets	—		—		—		—		3,619		—		3,619		3,619		1,382		-
Total	$	168,548	$	685,679	$	1,844,726	$	8,989	$	111,391	$	694,668	$	1,956,117	$	2,650,785	$	461,352
Construction in progress			—		—		—		5,889		—		5,889		5,889		—
Total investment properties			$	685,679	$	1,844,726	$	8,989	$	117,280	$	694,668	$	1,962,006	$	2,656,674	$	461,352

Notes to Schedule III

The aggregate cost of real estate owned at December 31, 2023 for federal income tax purposes was approximately $2,996,600 (unaudited).

(A)The initial cost to the Company represents the original purchase price of the asset, including amounts incurred subsequent to acquisition which were contemplated at the time the property was acquired.

(B)Cost capitalized subsequent to acquisition includes additional tangible costs associated with investment properties. Amount also includes impairment charges recorded subsequent to acquisition to reduce basis.

(C)Reconciliation of total investment properties:


	2023		2022		2021
Balance at January 1,	$	2,481,662	$	2,273,103	$	2,221,689
Acquisitions and capital improvements	191,666		307,177		71,324
Disposals and write-offs of assets no longer in service	(16,654)		(98,618)		(19,910)
Balance at December 31,	$	2,656,674	$	2,481,662	$	2,273,103

(D)Reconciliation of accumulated depreciation:


	2023		2022		2021
Balance at January 1,	$	389,361	$	350,256	$	292,248
Depreciation expense	78,560		71,428		66,275
Disposal and write-offs of assets no longer in service	(6,569)		(32,323)		(8,267)
Balance at December 31,	$	461,352	$	389,361	$	350,256

(E)Depreciation is computed based upon the following estimated lives:


Buildings and other improvements	15	-	30 years
Tenant improvements	Life of the lease
Furniture, fixtures and equipment	3	-	20 years