XML 171 R139.htm IDEA: XBRL DOCUMENT v3.25.0.1
SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION - Initial Cost and Subsequent Costs Capitalized (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cost:        
Land $ 257,748      
Building & Improvements 675,297      
Improvements 45,183      
Gross Amount Carried at Close        
Land 257,748      
Buildings 720,480      
Total 978,228 $ 781,621 $ 763,959 $ 521,260
Accumulated Depreciation 82,864 $ 51,425 $ 35,512 $ 23,936
Aggregate cost, net of deferred tax liabilities, of Income Properties, Land, Buildings, and Improvements for Federal income tax 760,500      
Income Property, Crabby's Restaurant, Daytona Beach, Florida        
Cost:        
Land 5,836      
Building & Improvements 4,249      
Improvements 260      
Gross Amount Carried at Close        
Land 5,836      
Buildings 4,509      
Total 10,345      
Accumulated Depreciation $ 1,567      
Date of Completion Jan. 25, 2018      
Life 40 years      
Income Property, LandShark Bar and Grill, Daytona Beach, Florida        
Cost:        
Land $ 5,836      
Building & Improvements 4,577      
Improvements 10      
Gross Amount Carried at Close        
Land 5,836      
Buildings 4,587      
Total 10,423      
Accumulated Depreciation $ 1,567      
Date of Completion Jan. 25, 2018      
Life 40 years      
Income Property, Single-tenant, Fidelity Investments (affiliate of), Albuquerque, New Mexico        
Cost:        
Land $ 5,739      
Building & Improvements 29,537      
Improvements 12      
Gross Amount Carried at Close        
Land 5,739      
Buildings 29,549      
Total 35,288      
Accumulated Depreciation $ 7,028      
Date Acquired Oct. 04, 2018      
Life 45 years      
Income Property, The Strand - Fogo De Chao, Jacksonville, Florida        
Cost:        
Land $ 12,551      
Building & Improvements 36,431      
Improvements 1,324      
Gross Amount Carried at Close        
Land 12,551      
Buildings 37,755      
Total 50,306      
Accumulated Depreciation $ 7,602      
Date Acquired Dec. 09, 2019      
Life 48 years      
Income Property, Multi-tenant, Crossroads Towne Center, Chandler, Arizona        
Cost:        
Land $ 5,842      
Building & Improvements 38,881      
Improvements 157      
Gross Amount Carried at Close        
Land 5,842      
Buildings 39,038      
Total 44,880      
Accumulated Depreciation $ 6,646      
Date Acquired Jan. 24, 2020      
Life 35 years      
Income Property, Multi-tenant, Ashford Lane, Atlanta, Georgia        
Cost:        
Land $ 37,717      
Building & Improvements 33,422      
Improvements 28,595      
Gross Amount Carried at Close        
Land 37,717      
Buildings 62,017      
Total 99,733      
Accumulated Depreciation $ 8,326      
Date Acquired Mar. 18, 2020      
Life 36 years      
Income Property Shops at Legacy, Plano, Texas        
Cost:        
Land $ 22,008      
Building & Improvements 39,001      
Improvements 1,264      
Gross Amount Carried at Close        
Land 22,008      
Buildings 40,265      
Total 62,273      
Accumulated Depreciation $ 9,882      
Date Acquired Jun. 23, 2021      
Life 32 years      
Income Property Beaver Creek, Apex, North Carolina        
Cost:        
Land $ 21,391      
Building & Improvements 39,194      
Improvements 888      
Gross Amount Carried at Close        
Land 21,391      
Buildings 40,082      
Total 61,473      
Accumulated Depreciation $ 6,205      
Date Acquired Dec. 02, 2021      
Life 30 years      
Income Property Synovus, Winter Park, Florida        
Cost:        
Land $ 8,537      
Building & Improvements 6,023      
Improvements 2,497      
Gross Amount Carried at Close        
Land 8,537      
Buildings 8,520      
Total 17,057      
Accumulated Depreciation $ 890      
Date Acquired Dec. 20, 2021      
Life 30 years      
Income Property Exchange at Gwinnett, Buford, Georgia        
Cost:        
Land $ 6,980      
Building & Improvements 38,100      
Improvements 59      
Gross Amount Carried at Close        
Land 6,980      
Buildings 38,159      
Total 45,139      
Accumulated Depreciation $ 3,116      
Date Acquired Dec. 30, 2021      
Life 45 years      
Income Property Price Plaza, Katy, Texas        
Cost:        
Land $ 15,633      
Building & Improvements 17,978      
Improvements 1,114      
Gross Amount Carried at Close        
Land 15,633      
Buildings 19,092      
Total 34,725      
Accumulated Depreciation $ 3,157      
Date Acquired Mar. 03, 2022      
Life 25 years      
Income Property Madison Yards, Atlanta, Georgia        
Cost:        
Land $ 19,780      
Building & Improvements 47,938      
Improvements 615      
Gross Amount Carried at Close        
Land 19,780      
Buildings 48,553      
Total 68,333      
Accumulated Depreciation $ 3,488      
Date Acquired Jul. 08, 2022      
Life 42 years      
Income Property, Multi tenant, West Broad Village, Glen Allen, Virginia        
Cost:        
Land $ 13,647      
Building & Improvements 65,829      
Improvements 3,296      
Gross Amount Carried at Close        
Land 13,647      
Buildings 69,125      
Total 82,772      
Accumulated Depreciation $ 6,819      
Date Acquired Oct. 14, 2022      
Life 40 years      
Income Property Collection at Forsyth, Cummings, Georgia        
Cost:        
Land $ 13,329      
Building & Improvements 75,286      
Improvements 4,180      
Gross Amount Carried at Close        
Land 13,329      
Buildings 79,466      
Total 92,795      
Accumulated Depreciation $ 8,884      
Date Acquired Dec. 29, 2022      
Life 31 years      
Income Property MainStreet Portfolio, Daytona Beach, Florida        
Cost:        
Land $ 3,504      
Building & Improvements 1,422      
Improvements 257      
Gross Amount Carried at Close        
Land 3,504      
Buildings 1,679      
Total 5,183      
Accumulated Depreciation $ 230      
Date Acquired Dec. 29, 2022      
Life 25 years      
Income Property Plaza at Rockwall, Rockwall, TX        
Cost:        
Land $ 14,793      
Building & Improvements 42,391      
Improvements 539      
Gross Amount Carried at Close        
Land 14,793      
Buildings 42,930      
Total 57,723      
Accumulated Depreciation $ 3,435      
Date Acquired Jun. 09, 2023      
Life 40 years      
Income Property, Marketplace At Seminole Towne Center, Sanford FL        
Cost:        
Land $ 12,555      
Building & Improvements 50,336      
Improvements 98      
Gross Amount Carried at Close        
Land 12,555      
Buildings 50,434      
Total 62,989      
Accumulated Depreciation $ 1,408      
Date Acquired Mar. 20, 2024      
Life 45 years      
Income Property, Carolina Pavilion, Charlotte Nc        
Cost:        
Land $ 18,666      
Building & Improvements 64,106      
Improvements 19      
Gross Amount Carried at Close        
Land 18,666      
Buildings 64,125      
Total 82,791      
Accumulated Depreciation $ 1,927      
Date Acquired Aug. 20, 2024      
Life 25 years      
Income Property, Lake Brandon Village, Brandon Fl        
Cost:        
Land $ 4,426      
Building & Improvements 9,718      
Gross Amount Carried at Close        
Land 4,426      
Buildings 9,718      
Total 14,144      
Accumulated Depreciation $ 296      
Date Acquired Aug. 20, 2024      
Life 20 years      
Income Property, Millenia Crossing, Orlando Fl        
Cost:        
Land $ 4,971      
Building & Improvements 18,957      
Gross Amount Carried at Close        
Land 4,971      
Buildings 18,957      
Total 23,928      
Accumulated Depreciation $ 359      
Date Acquired Aug. 20, 2024      
Life 40 years      
Income Property, Granada Plaza At Dunedin, Florida        
Cost:        
Land $ 4,007      
Building & Improvements 11,921      
Gross Amount Carried at Close        
Land 4,007      
Buildings 11,921      
Total 15,928      
Accumulated Depreciation $ 32      
Date Acquired Dec. 16, 2024      
Life 35 years