Schedule III – Real Estate and Accumulated Depreciation as of December 31, 2024 ($ in thousands)
Costs Capitalized Subsequent to Acquisition
Gross Amounts at which Carried at the Close of Period (2)
Initial Cost
Land and Land Improvements
Building and Building Improvements
Land and Land Improvements
Building and Building Improvements
Land and Land Improvements
Building and Building Improvements
Accumulated Depreciation (1)
Year Acquired
Description
Location
Encumbrances (1)
Total
Multifamily properties: Phoenix Property Florida Multifamily Portfolio Various Properties (2)
Mesa, AZ
$
43,542
$
9,472 $
35,909 $
(2,757) $
1,910 $
6,715 $
37,819 $
44,534 $
(6,436)
2019
Jacksonville, FL
36,455 36,112 68,326 72,195 50,542 56,355 57,928 19,015 7,760 5,200 4,640 20,339 82,042 9,373 8,364 43,333 72,451 25,691 65,853 15,601 26,255 14,738 10,045 26,880 9,740 10,333 26,720 17,130 11,760 13,680 11,191 70,695 7,547 10,960 15,572 19,411 9,440 8,800 7,560 28,880 8,538 20,080 9,840 55,243
11,574 14,045 6,093 12,711 18,313 8,018 7,101
37,920 37,025 96,153 92,689 54,839 73,763 74,739 20,932 7,904 4,656 4,415 23,600 90,108 10,411 7,492 50,997 75,364 23,030 75,253 18,870 24,278 19,583 8,889 28,766 9,816 10,986 30,470 18,075 11,222 14,530 12,739 81,855 7,180 11,559 15,539 21,150 10,461 7,229 7,458 33,721 8,425 21,957 10,005 63,627
(2,449) (2,256)
4,678 3,166 6,968 2,411
9,125 11,789 7,039 10,651 17,772 8,214 7,601
42,598 40,191 103,121 95,100 55,114 75,628 75,242 22,193 8,440 5,122 4,751 24,149 97,328 11,377 8,328 54,695 77,465 24,345 77,773 19,483 27,071 20,540 10,692 29,985 10,736 11,665 31,320 18,901 11,791 15,583 12,931 83,183 7,650 11,933 16,586 22,055 10,922 8,091 8,448 34,305 8,978 22,602 10,356 65,337
51,723 51,980 110,160 105,751 72,886 83,842 82,843 25,805 10,221 7,387 6,891 28,830 122,304 13,759 10,305 66,293 97,454 31,694 93,051 22,921 37,555 23,659 15,655 36,664 13,807 14,318 35,779 23,304 15,944 19,557 14,852 94,239 10,390 14,732 21,667 26,370 12,918 12,653 11,119 38,360 11,800 27,118 13,241 74,303
(6,925) (6,593) (12,900) (14,279) (8,469) (11,221) (10,895) (3,723) (1,632) (1,232) (1,535) (4,243) (17,862) (2,280) (1,715) (8,996) (13,655) (4,924) (13,123) (3,587) (5,273) (3,781) (2,238) (4,477) (1,998) (1,948) (4,649) (2,831) (2,318) (2,610) (1,955) (12,031) (1,338) (1,989) (2,877) (3,155) (1,967) (1,699) (1,597) (4,727) (1,613) (3,438) (1,975) (9,506)
2019 2019 2019 2019 2019 2019 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020
Various Properties (2)
Naples FL
Columbus Multifamily (2 properties)
Columbus, OH Charlotte, NC Durham, NC
946
Cascades Apartments Exchange on Erwin Avida Apartments
(2,060)
(541)
275
Salt Lake City, UT Salt Lake City, UT Brighton, CO Concord, NC Greensboro, NC High Point, NC Homestead, FL Jacksonville, FL Kannapolis, NC Morrisville, NC Newport News, VA
196 500 332 217 108 109 106 798 245 133 429 476 160 362 144 971 147 339 212 200 129 101 118 131 585 419 149 45 352 147 120 386 324 161 169 161 349 92 96
1,865
Kalina Way
503
Southeast Affordable Housing Portfolio Riverwalk
3,280 1,564 2,157 2,031
1,261
3,612 1,781 2,265 2,140
Patriots Pointe Willow Ridge
536 466 336 549 966 836
Creekside at Bellemeade
Villa Biscayne
4,575 24,178 2,137 1,844 11,169 19,513 7,189 14,916
4,681 24,976 2,382 1,977 11,598 19,989 7,349 15,278 3,438 10,484 3,119 4,963
Various Properties (3)
7,220
Oak Crest Stone Creek
Various Properties (3) Various Properties (2) Overlook at Simms Creek Various Properties (2)
3,698 2,101 1,315 2,520
Orlando, FL Raleigh, NC Sanford, FL
Ponce Harbor
St. Augustine, FL
3,294 9,513 2,972 4,624 6,467 2,871 2,524 4,358 4,285 4,022 3,389 1,876
613
Las Villas de Kino Lexington Club
Tucson, AZ
2,793
Vero Beach, FL
957
Parkside Royal Poinciana
West Palm Beach, FL
1,803
Mid-Atlantic Affordable Housing Portfolio Various Properties (2)
Chesapeake, VA Columbia, TN
1,219
6,679 3,071 2,653 4,459 4,403 4,153 3,974 1,921
Columbia Hills
920 679 850 826 569
Foxridge Crestview Bridgeport
Durham, NC
Fredericksburg, VA
Hampton, VA
Various Properties (2)
Harrisonburg, VA
Cascade Village
Holland, MI
1,053
Parkview
Huntersville, NC Manassas, VA Memphis, TN Midlothian, VA Newport News, VA Raleigh, NC Rosenberg, TX Saginaw, MI San Antonio, TX
192
Various Properties (4)
10,637 2,591 2,703 4,729
1,328
11,056 2,740 2,799 5,081
Autumn Ridge Genito Glen Kings Ridge River Birch Falcon Pointe Sterling Crest
470 374 905 461 862 990 584 553 645 351
1,047
4,168 1,876 4,176 2,347 3,963 2,661 4,347 2,724 8,617
4,315 1,996 4,562 2,671 4,055 2,822 4,516 2,885 8,966
Las Villas de Leon
Stonegate
Stafford, VA Vero Beach, FL
River Park Place Ocean Gate Autumn Wind
Virginia Beach, VA Winchester, VA Woodbridge, VA
Various Properties (3)
1,710
146
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