SREIT 2024 Annual Report

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

Industrial Properties: Marshfield Industrial Portfolio (4 properties) Airport Logistics Park (6 properties) Denver/Boulder Industrial Portfolio (16 properties) Reno Logistics Portfolio (18 properties)

Baltimore, MD $

106,698 35,000 268,064 262,740 58,142 283,042 83,700 66,566 40,488 45,785 145,385 93,868 56,366

$

21,720 $

139,433 $

188 $

122 $

21,908 $

139,555 $

161,463 $

(18,109) (7,431) (36,242) (40,050) (6,261) (32,685) (9,956) (6,598) (5,886) (3,883) (15,682) (13,451) (5,057)

2020 2020 2021 2021 2021 2021 2022 2022 2021 2022 2022 2022 2022

Nashville, TN

7,031

53,728

1

96

7,032

53,824

60,856

Louisville, CO Sparks, NV

67,951 60,235 23,537 66,229 47,553 49,370 14,509 31,971 47,225 42,311 18,857

311,651 316,742 54,203 333,663 90,772 62,650 65,804 63,541 243,541 166,314 72,460

207 164

521

68,158 60,399 23,593 66,516 45,940 50,056 13,832 26,505 45,829 44,639 20,580

312,172 318,282 54,292 333,912 88,155 63,291 59,379 54,111 236,327 175,509 79,177

380,330 378,681 77,885 400,428 134,095 113,347 73,211 80,616 282,156 220,148 99,757

1,540

Southwest Light Industrial Portfolio Various Properties (4)

Las Vegas, NV Phoenix, AZ Longwood, FL Bridgewood, NJ

56

89

Various Properties (11)

287

249

American Industrial Center (25 properties) Middlebrook Crossroads (18 properties) Northern Italy Industrial Portfolio (4 properties) Norway Logistics Portfolio (2 properties)

(1,613)

(2,617)

686

641

Various Provinces, Italy

(677)

(6,425) (9,430) (7,214)

Oslo, Norway

(5,466) (1,396)

Verona Oppeano (5 properties)

Oppeano VR, Italy

Denmark Logistics Portfolio (10 properties)

Denmark

2,328 1,723

9,195 6,717

Belgioioso Logistics

Greater Milan, Italy

Total Industrial Properties

$

1,545,844

$

498,499 $

1,974,502 $

(3,512) $

(6,516) $

494,987 $

1,967,986 $

2,462,973 $

(201,291)

Office Properties: Florida Office Portfolio (11 properties)

Jacksonville, FL $

121,010 53,024 418,073 164,152 64,500 115,792 65,237

$

53,465 $

153,163 $

4 $

18,198 $

53,469 $

171,361 $

224,830 $

(38,816) (12,085) (74,230) (33,986) (17,071) (12,585) (7,628)

2019 2019 2020 2020 2021 2021 2022

Columbus Office Portfolio

Columbus, OH Boston, MA Nashville, TN Alpharetta, GA Meudon, France Barcelona, Spain

3,013

50,064 478,150 229,183 101,624 184,078 120,082

118 472

3,099 25,203

3,131

53,163 503,353 230,082 105,975 164,996 120,081

56,294 503,825 251,729 121,180 203,964 149,203

60 State Street Nashville Office

-

472

21,647 15,205 40,964 29,780

- -

899

21,647 15,205 38,968 29,122

Stonebridge (3 properties) M Campus (2 properties) Barcelona Mediacomplex

4,351

(1,996)

(19,082)

(658)

(1)

Total Office Properties

$

1,001,788

$

164,074 $

1,316,344 $

(2,060) $

32,667 $

162,014 $

1,349,011 $

1,511,025 $

(196,401)

Self Storage Properties: Morningstar Self-Storage Joint Venture Alabaster

Alabaster, AL Bethany, OK Birmingham, AL Charleston, SC Charlotte, NC College Station, TX

$

14,861 4,160 15,056 7,965 30,811 9,921 8,663 4,217 7,476 7,236 7,825 11,388 6,250 19,967 7,881 13,694 - 15,999 7,392

$

2,313 $

15,843 $

(1,209) $

1,253 $

1,104 $

17,096 $

18,200 $

(1,338)

2021 2021 2021 2021 2021 2021 2021 2021 2022 2021 2021 2021 2021 2021 2021 2021 2021 2021 2021

OKC Bethany Mountain Brook

1,688 5,723 2,044 9,140 3,036 3,217 2,550 6,979 2,928 1,968 2,602 4,563 1,342 4,977 1,949 4,380 4,661 3,098

5,486 14,463 7,688 40,818 17,786 13,736 5,282 34,644 5,947 9,874 13,388 12,615 8,634 27,249 6,803 17,399 24,139 10,714

1,849

(1,209)

3,537 2,495 7,112 2,918 2,945 5,343 402 6,987 1,862 4,122 2,552

4,277 17,743 9,376 46,530 18,156 14,208 4,118 34,775 7,017 7,698 13,516 11,555 6,731 21,078 6,993 19,039 26,101 11,779

7,814 20,238 9,778 53,642 21,074 17,153 9,461 41,762 8,879 11,820 16,068 17,177 9,542 31,717 8,839 21,912 28,874 13,908

(464)

(3,228) (1,642) (2,028)

3,280 1,688 5,712

(1,456)

Ladson

(725)

Various Properties (3) Bryan/College Station

(3,608) (1,505) (1,204)

(118) (272)

370 472

Cornelius

Cornelius, NC Edmond, OK

OKC Edmond Flagler Village

2,793

(1,164)

(464)

Ft Lauderdale, FL Lake Wylie, SC Midwest City, OK Mooresville, NC

8

131

(2,431)

Lake Wylie

(1,066)

1,070

(580) (813)

OKC Midwest City

2,154

(2,176)

Mooresville

(50)

128

(1,115) (1,053)

Campbell Station OKC Norman

Nashville, TN Norman, OK

1,059 1,469 5,662

(1,060) (1,903) (6,171)

5,622 2,811 10,639 1,846 2,873 2,773 2,129

(697)

Various Properties (5)

Oklahoma City, OK

(2,272)

FL Mall

Orlando, FL

(103)

190

(574)

Various Properties (2)

San Antonio, TX Waxhaw, NC

(1,507) (1,888)

1,640 1,962 1,065

(1,562) (2,052)

Rea

Highway 78

Wylie, TX

(969)

(971)

Total Self-Storage Properties

$

200,762

$

69,158 $

292,508 $

914 $

5,278 $

70,072 $

297,786 $

367,858 $

(24,884)

151

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