Schedule III – Real Estate and Accumulated Depreciation as of December 31, 2024 ($ in thousands) – Continued
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
Total
Florida Affordable Housing Portfolio II (4 properties) Southeast Affordable Housing Portfolio II Culpeper Commons
Jacksonville, FL $
85,840
$
16,599 $
95,453 $
459 $
12,442 $
17,058 $
107,895 $
124,953 $
(16,011)
2021
Culpeper, VA Dallas, GA Elkton, MD Greenville, SC Kissimmee, FL Fredericksburg, VA Lawrenceville, GA
12,483 16,438 15,263 18,812 14,395 34,904 15,783 20,255 21,667 52,290 75,460 54,062 84,140 62,090 66,616 41,090 52,920 42,490 36,890 107,590 16,940 47,390 89,922
4,058 2,650 5,985 3,857 3,030 9,361 5,107 3,778 4,159
13,749 21,475 16,353 23,614 17,079 41,265 16,645 25,689 27,218 78,835 79,703 62,919 125,670 51,451 91,924 48,131 57,281 54,974 47,647 142,875 23,339 61,768 99,118
123 239 218 188 198 200 215 101 200 293 104 375 369 170 107 185 63
848 503 875 694 868 744 657 449 725
4,181 2,889 6,203 4,045 3,228 9,561 5,322 3,879 4,359
14,597 21,978 17,228 24,308 17,947 42,009 17,302 26,138 27,943 66,170 80,790 63,044 127,854 51,697 92,248 48,352 57,822 54,930 48,748 145,461 23,534 62,348 101,151
18,778 24,867 23,431 28,353 21,175 51,570 22,624 30,017 32,302 74,826 94,870 72,664 141,260 64,324 102,567 53,721 67,224 61,229 55,151 170,647 26,905 69,470 125,263
(2,673) (3,248) (3,412) (3,491) (2,735) (6,723) (3,244) (3,480) (3,595) (8,048) (8,084) (6,524) (12,620) (5,171) (9,043) (4,538) (6,188) (5,862) (4,858) (14,461) (2,544) (6,338) (16,660)
2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021
Magnolia Creste
Glen Creek England Run Rocky Creek
Grande Court Boggy Magnolia Village
Park Ridge Glen Ridge
Stafford, VA
Woodbridge, VA
Azalea Multifamily Portfolio Luxe
Aubrey, TX Austin, TX Concord, NC Dallas, TX
10,084 13,787 9,516 13,031 12,564 9,950 5,199 9,295 6,114 6,305 24,606 3,334 7,002 23,122
(1,428)
(12,665)
8,656 14,080 9,620 13,406 12,627 10,319 5,369 9,402 6,299 6,403 25,186 3,371 7,122 24,112
Travesia
1,087
Afton Ridge
125
Various Properties (2)
2,184
Clearbrook
Frederick, MD Jacksonville, FL Lawrenceville, GA Morrisville, NC Murfreesboro, TN Pflugerville, TX Plant City, FL Tallahassee, FL Orlando, FL
246 324 221 541
Thornton Park Gwinnett Stadium
Park Place
Autumn Wood
(44)
Millenia
98
1,101 2,586
Various Properties (2)
580
Lakehouse
37
195 580
Victoria Grand
120 990
Keystone Castle Hills
Dallas, TX
2,033
Greater Boston Affordable Portfolio (5 properties)
Boston, MA
142,059
60,313
176,849
449
(85)
60,762
176,764
237,526
(16,946)
2021
Columbus Preferred Portfolio 5188 Baxter Park 1025 Luxe Avenue The Palmer Dadeland Seven Springs Apartments
Westerville, OH Columbus, OH
21,700 45,500 259,800 117,110 102,120 144,060 75,290 25,690 17,520 23,560 37,080 14,260 15,800 73,610 12,610 15,150 60,900 41,900 68,600 196,000
6,795 7,955 56,854 27,104 14,890 32,701 20,960 6,407 5,930 4,250 7,112 4,449 4,592 26,276 5,374 6,364 16,094 8,733 12,383 40,491
23,058 43,178 304,585 164,679 152,592 168,846 101,049 36,228 21,309 35,025 57,801 15,946 20,167 96,632 9,640 18,782 77,575 53,561 86,037 252,991
(1,253)
1,234
5,542 7,928 57,577 27,134 15,233 34,086 21,591 6,463 6,021 4,473 7,713 4,563 4,691 26,897 5,503 6,511 16,083 8,727 12,374 40,463
24,292 43,354 306,772 165,376 154,328 171,775 103,235 37,011 22,244 35,973 58,580 16,615 20,592 97,843 10,096 19,021 79,158 55,045 87,717 260,043
29,834 51,282 364,349 192,510 169,561 205,861 124,826 43,474 28,265 40,446 66,293 21,178 25,283 124,740 15,599 25,532 95,241 63,772 100,091 300,506
(2,225) (3,902) (30,985) (16,375) (17,038) (18,127) (15,593) (5,544) (3,626) (4,404) (7,927) (2,678) (3,495) (14,547) (2,066) (2,731) (7,496) (5,388) (8,162) (21,174)
2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021
(27)
176
Miami, FL
723
2,187
Burlington, MA Salt Lake City, UT Gaithersburg, MD
30
697
Maison’s Landing
343
1,736 2,929
Sawyer Flats
1,385
Florida Affordable Housing Portfolio III Various Properties (2)
Bradenton, FL
631
2,186
Enclave on Woodbridge Charleston Place Brookwood Forest Various Properties (2) Club at Sugar Mill
Fernandina Beach, FL Holly Hill, FL Jacksonville, FL Lakeland, FL Port Orange, FL Springhill, FL Tampa, FL Tarpon Springs, FL Temple Terrace, FL
56 91
783 935 948 779 669 425 456 239
223 601 114 621 129 147 99
Nantucket Cove
Various Properties (5)
1,211
Savannah Bay Nantucket Bay
Raleigh Multifamily Portfolio 2600 Harvest Creek Place 5140 Copper Ridge Drive
Cary, NC
(11)
1,583 1,484 1,680 7,052
Durham, NC Morrisville, NC
(6) (9)
1000 Henrico Lane Various Properties (3)
Raleigh, NC
(28)
147
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