Schedule III—Consolidated Real Estate and Accumulated Depreciation
December 31, 2014
(Amounts in Thousands)

								Cost Capitalized Subsequent to Acquisition		Gross Amount at Which Carried at December 31, 2014
				Initial Cost to Company						Gross Amount at Which Carried at December 31, 2014
						Building & Improvements						Building & Improvements				Accumulated Depreciation(1)		Date of Construction		Date Acquired
Type	Location	Encumbrances		Land		Building & Improvements		Improvements		Land		Building & Improvements		Total		Accumulated Depreciation(1)		Date of Construction		Date Acquired
Flex	Ronkonkoma, NY	$	3,702	$	1,042	$	4,171	$	1,496	$	1,042	$	5,667	$	6,709	$	1,690		1986		2000
Flex	Hauppauge, NY		8,326		1,952		10,954		—		1,952		10,954		12,906		3,845		1982		2000
Flex	Fort Mill, SC		8,996		1,840		12,687		—		1,840		12,687		14,527		512		1992		2013
Health & Fitness	Tucker, GA		4,968		807		3,027		3,126		807		6,153		6,960		1,775		1988		2002
Health & Fitness	Hamilton, OH		5,178		1,483		5,953		—		1,483		5,953		7,436		580		2008		2011
Health & Fitness	Secaucus, NJ		9,590		5,449		9,873		—		5,449		9,873		15,322		507		1986		2012
Industrial	Columbus, OH		—		435		1,703		—		435		1,703		2,138		606		1979		1995
Industrial	West Palm Beach, FL		—		181		724		—		181		724		905		293		1973		1998
Industrial	New Hyde Park, NY		—		182		728		33		182		761		943		292		1960		1999
Industrial	Melville, NY		2,982		774		3,029		975		774		4,004		4,778		998		1982		2003
Industrial	Philadelphia, PA		5,489		1,981		7,668		—		1,981		7,668		9,649		1,893		1964		2005
Industrial	Saco, ME		3,174		1,027		3,623		—		1,027		3,623		4,650		789		2001		2006
Industrial	Baltimore, MD(2)		21,114		6,474		25,282		—		6,474		25,282		31,756		5,084		1960		2006
Industrial	Durham, NC		2,053		1,043		2,404		—		1,043		2,404		3,447		249		1991		2011
Industrial	Pinellas Park, FL		—		1,231		1,669		—		1,231		1,669		2,900		134		1995		2012
Industrial	Miamisburg, OH		822		165		1,348		—		165		1,348		1,513		80		1987		2012
Industrial	Indianapolis, IN		6,395		1,224		6,935		—		1,224		6,935		8,159		300		1997		2013
Industrial	Fort Mill, SC		26,671		1,804		33,650		—		1,804		33,650		35,454		1,543		1997		2013
Industrial	New Hope, MN		—		881		6,064				881		6,064		6,945		19		1967		2014
Industrial	Joppa, MD		—		3,805		8,142		42		3,805		8,184		11,989		115		1994		2014
Office	Brooklyn, NY		5,029		1,381		5,447		2,870		1,381		8,317		9,698		2,997		1973		1998
Other	Greensboro, NC		5,038		—		8,328		—		—		8,328		8,328		5,567		1999		2004
Other	Round Rock, TX		14,898		1,678		16,670		—		1,678		16,670		18,348		578		2012		2013
Other	Sandy Springs, GA		—		6,516		—				6,516		—		6,516		—		N/A		2014
Other	Indianapolis, IN		4,500		3,087		5,225				3,087		5,225		8,312		29		1997		2014
Retail	Seattle, WA		—		201		189		—		201		189		390		129		1986		1987
Retail	Rosenberg, TX		—		216		863		67		216		930		1,146		422		1994		1995
Retail	Denver, CO		2,801		780		3,248		418		780		3,666		4,446		1,598		1995		1996
Retail	Ft. Myers, FL		2,947		1,013		4,054		—		1,013		4,054		5,067		1,837		1995		1996

								Cost Capitalized Subsequent to Acquisition		Gross Amount at Which Carried at December 31, 2014
				Initial Cost to Company						Gross Amount at Which Carried at December 31, 2014
						Building & Improvements						Building & Improvements				Accumulated Depreciation(1)		Date of Construction		Date Acquired
Type	Location	Encumbrances		Land		Building & Improvements		Improvements		Land		Building & Improvements		Total		Accumulated Depreciation(1)		Date of Construction		Date Acquired
Retail	Atlanta, GA		1,466		460		2,461		—		460		2,461		2,921		1,455		1994		1996
Retail	Houston, TX		—		396		1,583		30		396		1,613		2,009		666		1997		1998
Retail	Selden, NY		3,175		572		2,287		150		572		2,437		3,009		949		1997		1999
Retail	Champaign, IL		1,793		791		3,165		274		791		3,439		4,230		1,289		1985		1999
Retail	El Paso, TX		—		2,821		11,123		321		2,821		11,444		14,265		4,244		1974		2000
Retail	Lake Charles, LA(3)		—		1,167		4,669		521		1,167		5,190		6,357		1,495		1998		2002
Retail	Somerville, MA		1,906		510		1,993		24		510		2,017		2,527		598		1993		2003
Retail	Newark, DE		1,934		935		3,643		10		935		3,653		4,588		1,037		1996		2003
Retail	Knoxville, TN		3,781		2,290		8,855		—		2,290		8,855		11,145		2,390		2003		2004
Retail	Athens, GA(3)		2,978		1,130		4,340		—		1,130		4,340		5,470		1,153		2003		2004
Retail	Onalaska, WI		—		753		3,099		—		753		3,099		3,852		785		1994		2004
Retail	Bastrop, LA		993		378		1,465		—		378		1,465		1,843		297		1995		2006
Retail	Kentwood, LA		966		368		1,425		—		368		1,425		1,793		290		1995		2006
Retail	Monroe, LA		993		378		1,465		—		378		1,465		1,843		297		1995		2006
Retail	Monroe, LA		948		361		1,399		—		361		1,399		1,760		284		1995		2006
Retail	D'lberville, MS		966		368		1,425		—		368		1,425		1,793		289		1995		2006
Retail	Flowood, MS		1,029		392		1,517		—		392		1,517		1,909		308		1995		2006
Retail	Vicksburg, MS		940		358		1,385		—		358		1,385		1,743		282		1985		2006
Retail	Vicksburg, MS		1,145		436		1,689		—		436		1,689		2,125		343		1995		2006
Retail	Hyannis, MA		831		802		2,324		—		802		2,324		3,126		404		1998		2008
Retail	Marston Mills, MA		344		461		2,313		—		461		2,313		2,774		397		1998		2008
Retail	Everett, MA		1,265		1,935		—		—		1,935		—		1,935		—		N/A		2008
Retail	Royersford, PA		19,750		19,538		3,150		403		19,538		3,553		23,091		412		2001		2010
Retail	Monroeville, PA		—		450		863		—		450		863		1,313		100		1994		2010
Retail	Kansas City, MO		4,133		2,958		5,691		—		2,958		5,691		8,649		646		2004		2010
Retail	Houston, TX		2,697		1,962		1,540		—		1,962		1,540		3,502		182		2006		2010
Retail	Houston, TX		—		2,002		1,800		—		2,002		1,800		3,802		210		2009		2010
Retail	Bolingbrook, IL		—		834		1,887		90		834		1,977		2,811		187		2001		2011
Retail	Crystal Lake, IL		1,913		615		1,899		—		615		1,899		2,514		207		1997		2011
Retail	Niles, IL		3,245		843		3,485		—		843		3,485		4,328		332		1995		2011
Retail	Lawrence, KS		—		134		938		—		134		938		1,072		67		1915		2012
Retail	Greensboro, NC		1,463		1,046		1,552		29		1,046		1,581		2,627		43		2002		2014
Retail	Highlands Ranch, CO		—		2,361		2,924				2,361		2,924		5,285		53		1995		2014
Retail	Woodbury, MN		3,183		1,190		4,003				1,190		4,003		5,193		71		2006		2014
Retail	Cape Girardeau, MO		1,336		545		1,547		—		545		1,547		2,092		97		1994		2012
Retail	Cherry Hill, NJ(5)		7,389		3,584		2,794		4,866		3,584		7,660		11,244		1,067		2000		2011
Retail	Clemmons, NC		2,410		2,564		3,293		—		2,564		3,293		5,857		210		1993		2013
Retail	Deptford, NJ		1,924		572		1,779		705		572		2,484		3,056		252		1981		2012

								Cost Capitalized Subsequent to Acquisition		Gross Amount at Which Carried at December 31, 2014
				Initial Cost to Company						Gross Amount at Which Carried at December 31, 2014
						Building & Improvements						Building & Improvements				Accumulated Depreciation(1)		Date of Construction		Date Acquired
Type	Location	Encumbrances		Land		Building & Improvements		Improvements		Land		Building & Improvements		Total		Accumulated Depreciation(1)		Date of Construction		Date Acquired
Retail—Restaurant	Reading, PA		787		655		625		—		655		625		1,280		70		1981		2010
Retail—Restaurant	Reading, PA		775		618		643		—		618		643		1,261		73		1983		2010
Retail—Restaurant	Hanover, PA		871		736		686		—		736		686		1,422		75		1992		2010
Retail—Restaurant	Gettysburg, PA		893		754		704		—		754		704		1,458		77		1991		2010
Retail—Restaurant	Trexlertown, PA		759		800		439		—		800		439		1,239		48		1994		2010
Retail—Restaurant	Island Park, NY		1,047		1,235		1,355		—		1,235		1,355		2,590		164		1947		2010
Retail—Restaurant	Carrollton, GA		1,698		796		1,458		—		796		1,458		2,254		120		1996		2012
Retail—Restaurant	Cartersville, GA		1,606		786		1,346		—		786		1,346		2,132		118		1995		2012
Retail—Restaurant	Kennesaw, GA		1,316		702		916		—		702		916		1,618		80		1989		2012
Retail—Restaurant	Lawrenceville, GA		1,263		866		899		—		866		899		1,765		100		1988		2012
Retail—Restaurant	Killeen, TX		—		1,265		803		—		1,265		803		2,068		50		2007		2013
Retail—Restaurant	Concord, NC		1,647		999		1,076		—		999		1,076		2,075		45		2000		2013
Retail—Restaurant	Myrtle Beach, SC		1,647		1,102		1,161		—		1,102		1,161		2,263		48		1978		2013
Retail—Restaurant	Ann Arbor, MI		1,462		1,098		1,460		—		1,098		1,460		2,558		63		1998		2013
Retail—Restaurant	Greensboro, NC		3,488		1,770		1,237		—		1,770		1,237		3,007		40		1983		2013
Retail—Restaurant	Richmond, VA		—		1,680		1,341		—		1,680		1,341		3,021		42		1983		2013
Retail—Restaurant	Indianapolis, IN		996		853		1,465				853		1,465		2,318		41		1982		2014
Retail—Supermarket	West Hartford, CT		—		2,881		94		326		2,881		420		3,301		61		N/A		2010
Retail—Supermarket	West Hartford, CT		12,427		9,296		4,813		261		9,296		5,074		14,370		615		2005		2010
Retail—Supermarket	Philadelphia, PA		4,626		1,793		5,640				1,793		5,640		7,433		32		1992		2014
Retail—Furniture	Columbus, OH		—		1,445		5,431		350		1,445		5,781		7,226		2,475		1996		1997
Retail—Furniture	Duluth, GA(4)		1,757		778		3,436		—		778		3,436		4,214		748		1987		2006
Retail—Furniture	Fayetteville, GA(4)		2,204		976		4,308		—		976		4,308		5,284		938		1987		2006
Retail—Furniture	Wichita, KS(4)		2,684		1,189		5,248		—		1,189		5,248		6,437		1,143		1996		2006
Retail—Furniture	Lexington, KY(4)		1,806		800		3,532		—		800		3,532		4,332		769		1999		2006
Retail—Furniture	Bluffton, SC(4)		1,330		589		2,600		—		589		2,600		3,189		566		1994		2006
Retail—Furniture	Amarillo, TX(4)		1,948		863		3,810		—		863		3,810		4,673		830		1996		2006
Retail—Furniture	Austin, TX(4)		3,583		1,587		7,010		—		1,587		7,010		8,597		1,526		2001		2006
Retail—Furniture	Tyler, TX(4)		2,328		1,031		4,554		—		1,031		4,554		5,585		991		2001		2006
Retail—Furniture	Newport News, VA(4)		1,696		751		3,316		—		751		3,316		4,067		722		1995		2006
Retail—Furniture	Richmond, VA(4)		1,957		867		3,829		—		867		3,829		4,696		833		1979		2006
Retail—Furniture	Virginia Beach, VA(4)		1,928		854		3,770		—		854		3,770		4,624		821		1995		2006
Retail	Houston, TX		4,844		3,122		3,767		52		3,122		3,819		6,941		321		2001		2012

								Cost Capitalized Subsequent to Acquisition		Gross Amount at Which Carried at December 31, 2014
				Initial Cost to Company						Gross Amount at Which Carried at December 31, 2014
						Building & Improvements						Building & Improvements				Accumulated Depreciation(1)		Date of Construction		Date Acquired
Type	Location	Encumbrances		Land		Building & Improvements		Improvements		Land		Building & Improvements		Total		Accumulated Depreciation(1)		Date of Construction		Date Acquired
Retail—Restaurant	Hauppauge, NY		1,910		725		2,963		—		725		2,963		3,688		676		1992		2005
Retail—Restaurant	Palmyra, PA		797		650		650		—		650		650		1,300		72		1981		2010
Retail—Furniture	Gurnee, IL		2,398		834		3,635		—		834		3,635		4,469		753		1994		2006
Retail—Furniture	Naples, FL		—		3,070		2,846		—		3,070		2,846		5,916		448		1992		2008
Retail—Office Supply	Batavia, NY(3)		—		515		2,061		—		515		2,061		2,576		818		1998		1999
Retail—Office Supply	Kennesaw, GA(3)		—		1,501		4,349		—		1,501		4,349		5,850		684		1995		2008
Retail—Office Supply	Chicago, IL(3)		—		3,877		2,256		—		3,877		2,256		6,133		355		1994		2008
Retail—Office Supply	Cary, NC(3)		—		1,129		3,736		—		1,129		3,736		4,865		588		1995		2008
Retail—Office Supply	Eugene, OR(3)		—		1,952		2,096		—		1,952		2,096		4,048		330		1994		2008
Retail—Office Supply	El Paso, TX(3)		—		1,035		2,700		—		1,035		2,700		3,735		425		1993		2008

		$	292,049	$	168,737	$	406,492	$	17,439	$	168,737	$	423,931	$	592,668	$	77,643

Note 1—Depreciation is provided over the estimated useful lives of the buildings and improvements, which range from 3 to 40 years.

Note 2—Upon purchase of the property in December 2006, a $416,000 rental income reserve was posted by the seller for the Company's benefit, since the property was not producing sufficient rent at the time of acquisition. The Company recorded the receipt of this rental reserve as a reduction to land and building.

Note 3—These eight properties are retail office supply stores net leased to the same tenant, pursuant to separate leases. Five of these leases contain cross default provisions. They are located in seven states (Illinois, Louisiana, North Carolina, Texas, Georgia, Oregon, and New York).

Note 4—These 11 properties are retail furniture stores covered by one master lease and one loan that is secured by cross—collateralized mortgages. They are located in six states (Georgia, Kansas, Kentucky, South Carolina, Texas and Virginia).

Note 5—This property was held-for-sale at December 31, 2014.

Notes to Schedule III
Consolidated Real Estate and Accumulated Depreciation

(a)	Reconciliation of "Real Estate and Accumulated Depreciation" (Amounts in Thousands)

	Year Ended December 31,
	2014			2013			2012
Investment in real estate(b):
Balance, beginning of year	$	574,424		$	473,341		$	430,337
Addition: Land, buildings and improvements		57,584			101,145			43,004
Deduction: Properties sold		(38,247	)		—			—
Deduction: Impairment loss/charge		(1,093	)		(62	)		—

Balance, end of year	$	592,668		$	574,424		$	473,341


		(c)
Accumulated depreciation(b):
Balance, beginning of year	$	73,060		$	62,816		$	54,214
Addition: Depreciation		12,064			10,244			8,602
Deduction: Accumulated depreciation related to properties sold		(7,481	)		—			—

Balance, end of year	$	77,643		$	73,060		$	62,816

(b)	Includes one property held-for-sale in 2014 and two properties held-for-sale in 2013.
(c)	The aggregate cost of the properties is approximately $1,808 lower for federal income tax purposes at December 31, 2014.