Cover Page
Cover Page - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Feb. 15, 2024 | Jun. 30, 2023 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2023 | ||
Current Fiscal Year End Date | --12-31 | ||
Document Transition Report | false | ||
Entity File Number | 001-38342 | ||
Entity Registrant Name | INDUSTRIAL LOGISTICS PROPERTIES TRUST | ||
Entity Incorporation, State or Country Code | MD | ||
Entity Tax Identification Number | 82-2809631 | ||
Entity Address, Address Line One | Two Newton Place, | ||
Entity Address, Address Line Two | 255 Washington Street, | ||
Entity Address, Address Line Three | Suite 300, | ||
Entity Address, City or Town | Newton, | ||
Entity Address, State or Province | MA | ||
Entity Address, Postal Zip Code | 02458-1634 | ||
City Area Code | 617 | ||
Local Phone Number | 219-1460 | ||
Title of 12(b) Security | Common Shares of Beneficial Interest | ||
Trading Symbol | ILPT | ||
Security Exchange Name | NASDAQ | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
ICFR Auditor Attestation Flag | true | ||
Document Financial Statement Error Correction [Flag] | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 213.3 | ||
Entity Common Stock, Shares Outstanding | 65,842,339 | ||
Documents Incorporated by Reference | Certain information required by Items 10, 11, 12, 13 and 14 of Part III of this Annual Report on Form 10-K is incorporated by reference to our definitive Proxy Statement for the 2024 Annual Meeting of Shareholders, to be filed with the Securities and Exchange Commission within 120 days after the fiscal year ended December 31, 2023. | ||
Entity Central Index Key | 0001717307 | ||
Document Fiscal Year Focus | 2023 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false |
Audit Information
Audit Information | 12 Months Ended |
Dec. 31, 2023 | |
Auditor [Abstract] | |
Auditor Name | Deloitte & Touche LLP |
Auditor Firm ID | 34 |
Auditor Location | Boston, Massachusetts |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | |
Real estate properties: | |||
Land | $ 1,113,723 | $ 1,117,779 | |
Buildings and improvements | 4,055,829 | 4,058,329 | |
Total real estate properties, gross | 5,169,552 | 5,176,108 | |
Accumulated depreciation | (397,454) | (273,467) | |
Total real estate properties, net | 4,772,098 | 4,902,641 | |
Investment in unconsolidated joint venture | 115,360 | 124,358 | |
Acquired real estate leases, net | 243,521 | 297,445 | |
Cash and cash equivalents | 112,341 | 48,261 | |
Restricted cash | [1] | 133,382 | 92,519 |
Rents receivable, including straight line rents of $94,309 and $80,710, respectively | 119,170 | 107,011 | |
Other assets, net | 67,803 | 103,931 | |
Total assets | 5,563,675 | 5,676,166 | |
LIABILITIES AND EQUITY | |||
Mortgages and notes payable, net | 4,305,941 | 4,244,501 | |
Assumed real estate lease obligations, net | 18,534 | 22,523 | |
Total liabilities | 4,401,896 | 4,345,395 | |
Commitments and contingencies | |||
Equity: | |||
Common shares of beneficial interest, $.01 par value: 100,000,000 shares authorized; 65,843,387 and 65,568,145 shares issued and outstanding, respectively | 658 | 656 | |
Additional paid in capital | 1,015,777 | 1,014,201 | |
Cumulative net income | 9,196 | 117,185 | |
Cumulative other comprehensive income | 10,171 | 21,903 | |
Cumulative common distributions | (365,848) | (363,221) | |
Total equity attributable to common shareholders | 669,954 | 790,724 | |
Noncontrolling interest | 491,825 | 540,047 | |
Total equity | 1,161,779 | 1,330,771 | |
Total liabilities and equity | 5,563,675 | 5,676,166 | |
Nonrelated Party | |||
LIABILITIES AND EQUITY | |||
Accounts payable and other liabilities | 72,455 | 73,547 | |
Related Party | |||
LIABILITIES AND EQUITY | |||
Accounts payable and other liabilities | $ 4,966 | $ 4,824 | |
[1] (1) Restricted cash consists of amounts escrowed for capital expenditures at certain of our mortgaged properties and cash held for the operations of our consolidated joint venture. |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Statement of Financial Position [Abstract] | ||
Straight line rents | $ 94,309 | $ 80,710 |
Common stock, par value per share (in usd per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Common shares, shares issued (in shares) | 65,843,387 | 65,568,145 |
Common shares, shares outstanding (in shares) | 65,843,387 | 65,568,145 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Revenues [Abstract] | |||
Rental income | $ 437,338 | $ 388,151 | $ 219,874 |
Expenses: | |||
Real estate taxes | 60,053 | 50,624 | 30,134 |
Other operating expenses | 38,192 | 30,855 | 18,678 |
Depreciation and amortization | 178,728 | 160,982 | 50,598 |
General and administrative | 31,164 | 32,877 | 16,724 |
Acquisition and other transaction related costs | 287 | 586 | 1,132 |
Loss on impairment of real estate | 156 | 100,747 | 0 |
Total expenses | 308,580 | 376,671 | 117,266 |
Interest and other income | 7,911 | 2,663 | 0 |
Interest expense (including net amortization of debt issuance costs, premiums and discounts of $26,922, $96,974, and $2,022, respectively) | (288,537) | (280,051) | (35,625) |
Gain (loss) on sale of real estate | 1,710 | (10) | 12,054 |
Loss on equity securities | 0 | (5,758) | 0 |
Loss on early extinguishment of debt | (359) | (22,198) | 0 |
(Loss) income before income taxes and equity in earnings of unconsolidated joint venture | (150,517) | (293,874) | 79,037 |
Income tax expense | (104) | (45) | (273) |
Equity in earnings of unconsolidated joint venture | 902 | 7,078 | 40,918 |
Net (loss) income | (149,719) | (286,841) | 119,682 |
Net loss attributable to noncontrolling interest | 41,730 | 60,118 | 0 |
Net (loss) income attributable to common shareholders | (107,989) | (226,723) | 119,682 |
Other comprehensive income: | |||
Unrealized (loss) gain on derivatives | (17,999) | 30,194 | 0 |
Less: unrealized loss (gain) on derivatives attributable to noncontrolling interest | 6,267 | (8,291) | 0 |
Other comprehensive (loss) income attributable to common shareholders | (11,732) | 21,903 | 0 |
Comprehensive (loss) income attributable to common shareholders | $ (119,721) | $ (204,820) | $ 119,682 |
Weighted average common shares outstanding - (basic) (in shares) | 65,430 | 65,248 | 65,169 |
Weighted average common shares outstanding - (diluted) (in shares) | 65,430 | 65,248 | 65,211 |
Numerators: | |||
Net (loss) income attributable to common shareholders, basic (in dollars per share) | $ (1.65) | $ (3.47) | $ 1.83 |
Net (loss) income attributable to common shareholders, diluted (in dollars per share) | $ (1.65) | $ (3.47) | $ 1.83 |
CONSOLIDATED STATEMENTS OF CO_2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Income Statement [Abstract] | |||
Amortization of debt issuance costs, premiums and discounts | $ 26,922 | $ 96,974 | $ 2,022 |
CONSOLIDATED STATEMENTS OF SHAR
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($) $ in Thousands | Total | Total Equity Attributable to Common Shareholders | Common shares | Additional Paid In Capital | Cumulative Net Income | Cumulative Other Comprehensive Income | Cumulative Common Distributions | Total Equity Attributable to Noncontrolling nterest |
Beginning balance (in shares) at Dec. 31, 2020 | 65,301,088 | |||||||
Beginning balance at Dec. 31, 2020 | $ 1,003,190 | $ 1,003,190 | $ 653 | $ 1,010,819 | $ 224,226 | $ 0 | $ (232,508) | $ 0 |
Increase (Decrease) in Stockholders' Equity | ||||||||
Net income (loss) | 119,682 | 119,682 | 119,682 | |||||
Share grants (in shares) | 139,800 | |||||||
Share grants | 2,332 | 2,332 | $ 1 | 2,331 | ||||
Share repurchases (in shares) | (35,596) | |||||||
Share repurchases | (922) | (922) | (922) | |||||
Share forfeitures (in shares) | (700) | |||||||
Share forfeitures | (4) | (4) | (4) | |||||
Distributions to common shareholders | (86,236) | (86,236) | (86,236) | |||||
Ending balance (in shares) at Dec. 31, 2021 | 65,404,592 | |||||||
Ending balance at Dec. 31, 2021 | 1,038,042 | 1,038,042 | $ 654 | 1,012,224 | 343,908 | 0 | (318,744) | 0 |
Increase (Decrease) in Stockholders' Equity | ||||||||
Net income (loss) | (286,841) | (226,723) | (226,723) | (60,118) | ||||
Share grants (in shares) | 197,800 | |||||||
Share grants | 2,230 | 2,230 | $ 2 | 2,228 | ||||
Share repurchases (in shares) | (32,347) | |||||||
Share repurchases | (242) | (242) | (242) | |||||
Share forfeitures (in shares) | (1,900) | |||||||
Share forfeitures | (9) | (9) | (9) | |||||
Distributions to common shareholders | (44,477) | (44,477) | (44,477) | |||||
Contributions from noncontrolling interest | 593,239 | 593,239 | ||||||
Distributions to noncontrolling interest | (1,365) | (1,365) | ||||||
Other comprehensive income (loss) | $ 30,194 | 21,903 | 21,903 | 8,291 | ||||
Ending balance (in shares) at Dec. 31, 2022 | 65,568,145 | 65,568,145 | ||||||
Ending balance at Dec. 31, 2022 | $ 1,330,771 | 790,724 | $ 656 | 1,014,201 | 117,185 | 21,903 | (363,221) | 540,047 |
Increase (Decrease) in Stockholders' Equity | ||||||||
Net income (loss) | (149,719) | (107,989) | (107,989) | (41,730) | ||||
Share grants (in shares) | 328,350 | |||||||
Share grants | 1,750 | 1,750 | $ 3 | 1,747 | ||||
Share repurchases (in shares) | (49,158) | |||||||
Share repurchases | (163) | (163) | $ (1) | (162) | ||||
Share forfeitures (in shares) | (3,950) | |||||||
Share forfeitures | (9) | (9) | (9) | |||||
Distributions to common shareholders | (2,627) | (2,627) | (2,627) | |||||
Distributions to noncontrolling interest | (225) | (225) | ||||||
Other comprehensive income (loss) | $ (17,999) | (11,732) | (11,732) | (6,267) | ||||
Ending balance (in shares) at Dec. 31, 2023 | 65,843,387 | 65,843,387 | ||||||
Ending balance at Dec. 31, 2023 | $ 1,161,779 | $ 669,954 | $ 658 | $ 1,015,777 | $ 9,196 | $ 10,171 | $ (365,848) | $ 491,825 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | ||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
Net (loss) income | $ (149,719) | $ (286,841) | $ 119,682 | |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||
Depreciation | 125,262 | 106,236 | 32,457 | |
Loss on impairment of real estate | 156 | 100,747 | 0 | |
Net amortization of debt issuance costs, premiums and discounts | 26,922 | 96,974 | 2,022 | |
Amortization of acquired real estate leases and assumed real estate lease obligations | 49,935 | 48,570 | 16,656 | |
Amortization of deferred leasing costs | 2,440 | 1,675 | 938 | |
Loss on equity securities | 0 | 5,758 | 0 | |
Straight line rental income | (13,599) | (11,538) | (7,263) | |
Loss on early extinguishment of debt | 359 | 22,198 | 0 | |
(Gain) loss on sale of real estate | (1,710) | 10 | (12,054) | |
Proceeds from settlement of derivatives | (56,915) | 0 | 0 | |
Other non-cash expenses | 26,319 | 3,249 | 2,328 | |
Distributions of earnings from unconsolidated joint venture | 3,960 | 5,282 | 2,640 | |
Equity in earnings of unconsolidated joint venture | (902) | (7,078) | (40,918) | |
Change in assets and liabilities: | ||||
Rents receivable | 1,440 | (19,596) | 54 | |
Other assets | (9,951) | 11,931 | (8,323) | |
Accounts payable and other liabilities | 1,920 | 3,034 | 2,525 | |
Due to related persons | 142 | 2,640 | (94) | |
Net cash provided by operating activities | 6,059 | 83,251 | 110,650 | |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
Real estate acquisitions | 0 | (3,589,389) | (134,730) | |
Real estate improvements | (19,415) | (17,732) | (4,911) | |
Proceeds from sale of equity securities | 0 | 140,792 | 0 | |
Distributions in excess of earnings from unconsolidated joint venture | 5,940 | 20,460 | 0 | |
Proceeds from sale of properties to joint venture, net | 0 | 0 | 160,506 | |
Proceeds from sale of real estate | 24,300 | 0 | 1,206 | |
Proceeds from settlement of derivatives | 56,915 | 0 | 0 | |
Proceeds from sale of joint venture | 0 | 0 | 804 | |
Net cash provided by (used in) investing activities | 67,740 | (3,445,869) | 22,875 | |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
Proceeds from issuance of mortgage notes payable | 91,000 | 3,335,000 | 0 | |
Repayment of mortgage notes payable | (55,418) | (18,070) | 0 | |
Proceeds from secured bridge loan facility | 0 | 1,385,158 | 0 | |
Repayment of secured bridge loan facility | 0 | (1,385,158) | 0 | |
Borrowings under revolving credit facility | 0 | 3,000 | 301,000 | |
Repayments of revolving credit facility | 0 | (185,000) | (340,000) | |
Payment of debt issuance costs | (1,423) | (211,996) | (804) | |
Proceeds from sale of interest rate cap | 0 | 7,740 | 0 | |
Distributions to common shareholders | (2,627) | (44,477) | (86,236) | |
Proceeds from sale of noncontrolling interest, net | 0 | 589,411 | 0 | |
Repurchase of common shares | (163) | (242) | (922) | |
Distributions to noncontrolling interest | (225) | (1,365) | 0 | |
Net cash provided by (used in) financing activities | 31,144 | 3,474,001 | (126,962) | |
Increase in cash, cash equivalents and restricted cash | 104,943 | 111,383 | 6,563 | |
Cash, cash equivalents and restricted cash at beginning of period | 140,780 | 29,397 | 22,834 | |
Cash, cash equivalents and restricted cash at end of period | 245,723 | 140,780 | 29,397 | |
SUPPLEMENTAL DISCLOSURES: | ||||
Interest paid | 237,585 | 178,842 | 33,278 | |
Income taxes paid | 85 | 228 | 485 | |
NON-CASH INVESTING ACTIVITIES: | ||||
Real estate acquired by assumption of mortgage notes payable | 0 | 323,432 | 0 | |
Real estate improvements accrued not paid | 1,235 | 2,507 | 705 | |
NON-CASH FINANCING ACTIVITIES: | ||||
Assumption of mortgage notes payable | 0 | (323,432) | 0 | |
SUPPLEMENTAL DISCLOSURE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH: | ||||
Cash and cash equivalents | 112,341 | 48,261 | 29,397 | |
Restricted cash | [1] | 133,382 | 92,519 | 0 |
Total cash, cash equivalents and restricted cash shown in the statements of cash flows | $ 245,723 | $ 140,780 | $ 29,397 | |
[1] (1) Restricted cash consists of amounts escrowed for capital expenditures at certain of our mortgaged properties and cash held for the operations of our consolidated joint venture. |
CONSOLIDATED STATEMENTS OF CA_2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) | Dec. 31, 2023 | Feb. 25, 2022 |
Mountain Industrial REIT LLC | Consolidated Entity, Excluding Consolidated VIE | ||
Ownership interest | 61% | 61% |
Organization
Organization | 12 Months Ended |
Dec. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization | Organization Industrial Logistics Properties Trust, or, collectively with its consolidated subsidiaries, we, us or our, is a real estate investment trust, or REIT, organized under Maryland law on September 15, 2017. As of December 31, 2023, our portfolio was comprised of 411 properties containing approximately 59,951,000 rentable square feet located in 39 states, including 226 buildings, leasable land parcels and easements containing approximately 16,729,000 rentable square feet (all square footage amounts included within this Annual Report on Form 10-K are unaudited) that were primarily industrial lands located on the island of Oahu, Hawaii, or our Hawaii Properties, and 185 properties containing approximately 43,222,000 rentable square feet of industrial and logistics properties located in 38 other states, or our Mainland Properties. As of December 31, 2023, we also owned a 22% equity interest in an unconsolidated joint venture, or the unconsolidated joint venture. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies Basis of Presentation. These consolidated financial statements include the accounts of us and our subsidiaries. All intercompany transactions and balances with or among our consolidated subsidiaries have been eliminated. Consolidation. We consolidate entities in which we have a controlling financial interest. In determining whether we have a controlling financial interest in a partially owned entity and the requirement to consolidate the accounts of that entity, we consider whether the entity is a variable interest entity, or VIE, in which we are the primary beneficiary or whether the entity is a voting interest entity in which we have a majority of the voting interests of the entity. We are deemed to be the primary beneficiary of a VIE when we have the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and the obligation to absorb losses or receive benefits that could potentially be significant to the VIE. We generally do not control an entity if the approval of all of the partners/members is contractually required with respect to decisions that most significantly impact the performance of the entity. This includes decisions regarding operating and capital budgets and the placement of new or additional financing secured by the assets of the venture, among others. Use of Estimates. Preparation of these financial statements in conformity with U.S. generally accepted accounting principles, or GAAP, requires us to make estimates and assumptions that may affect the amounts reported in these consolidated financial statements and related notes. On February 25, 2022, we acquired Monmouth Real Estate Investment Corporation, or MNR, pursuant to the merger of MNR with and into one of our wholly owned subsidiaries, or the Merger, as further described below. In connection with the Merger, we entered into a joint venture arrangement, or our consolidated joint venture, for 95 of the acquired MNR properties, including two then committed, but not yet then completed, property acquisitions, located in the mainland United States, in which we retained a 61% equity interest. We have a controlling financial interest in our consolidated joint venture and as result, account for it on a consolidated basis. Real Estate Properties. We record properties at cost. Our real estate investments in lands are not depreciated. We calculate depreciation on other real estate investments on a straight line basis over estimated useful lives generally ranging from seven We allocate a portion of the purchase price to above market and below market leases based on the present value (using a discount rate which reflects the risks associated with acquired in-place leases at the time each property was acquired by us) of the difference, if any, between (i) the contractual amounts to be paid pursuant to the acquired in-place leases and (ii) our estimates of fair market lease rates for the corresponding leases, measured over a period equal to the terms of the respective leases. The terms of below market leases that include bargain renewal options, if any, are further adjusted if we determine renewal to be probable. We allocate a portion of the purchase price to acquired in-place leases and tenant relationships based upon market estimates of the costs to lease up the property. In determining these allocations, we estimate costs during the expected lease up periods, including carrying costs such as real estate taxes, insurance and other operating income and expenses and costs, and costs including leasing commissions, legal and other related expenses and costs to execute similar leases in current market conditions at the time a property was acquired by us. We allocate this aggregate value, which we refer to as lease origination value, between acquired in-place lease values and tenant relationships based on our evaluation of the specific characteristics of each tenant’s lease. However, we have not separated the value of tenant relationships from the value of acquired in-place leases because such value and related amortization expense is immaterial to our consolidated financial statements. If the value of tenant relationships becomes material in the future, we may separately allocate those amounts and amortize the allocated amount over the estimated life of the relationships. We amortize lease origination value (included in acquired real estate leases in our consolidated balance sheets) over the terms of the associated leases. Such amortization, which is included in depreciation and amortization expense, totaled $51,065, $53,113 and $17,437 during the years ended December 31, 2023, 2022 and 2021, respectively. We amortize capitalized above market lease values (included in acquired real estate leases in our consolidated balance sheets) and below market lease values (presented as assumed real estate lease obligations in our consolidated balance sheets) as a reduction or increase, respectively, to rental income over the terms of the associated leases. Such amortization resulted in increases in rental income of $1,130, $4,544 and $781 during the years ended December 31, 2023, 2022 and 2021, respectively. If a lease is terminated prior to its stated expiration, we write off the unamortized amounts relating to that lease. As of December 31, 2023 and 2022, our acquired real estate leases and assumed real estate lease obligations were as follows: December 31, 2023 2022 Acquired real estate leases: Capitalized above market lease values $ 27,484 $ 31,313 Less: accumulated amortization (14,628) (15,598) Capitalized above market lease values, net 12,856 15,715 Lease origination value 355,718 384,496 Less: accumulated amortization (125,053) (102,766) Lease origination value, net 230,665 281,730 Acquired real estate leases, net $ 243,521 $ 297,445 Assumed real estate lease obligations: Capitalized below market lease values $ 37,580 $ 42,600 Less: accumulated amortization (19,046) (20,077) Assumed real estate lease obligations, net $ 18,534 $ 22,523 As of December 31, 2023, the weighted average amortization periods for capitalized above market lease values, lease origination value and capitalized below market lease values were 9.7 years, 7.6 years and 6.7 years, respectively. Deferred Leasing Costs. Deferred leasing costs include capitalized brokerage costs and inducements associated with our entering leases. We amortize deferred leasing costs, which are included in depreciation and amortization expense, and inducements, which are included as a reduction to rental income, each on a straight line basis over the terms of the respective leases. Legal costs associated with the execution of our leases are expensed as incurred and included in general and administrative expenses in our consolidated statements of comprehensive income (loss). Deferred leasing costs totaled $26,803 and $22,371 at December 31, 2023 and 2022, respectively, and accumulated amortization of deferred leasing costs totaled $6,156 and $4,366 at December 31, 2023 and 2022, respectively. Deferred leasing costs are included in other assets, net in our consolidated balance sheets. Debt Issuance Costs. Debt issuance costs include capitalized issuance costs related to borrowings, which are amortized to interest expense over the terms of the respective loans. Debt issuance costs, net of accumulated amortization, for our mortgage notes payable are presented as a direct deduction from the associated debt liability in our consolidated balance sheets. As of December 31, 2023 and 2022, we had debt issuance costs, net of accumulated amortization, of $20,003 and $45,862, respectively, for certain of our mortgage notes payable. As of December 31, 2021, we had debt issuance costs for our revolving credit facility, which we repaid and terminated in 2022, totaling $6,711 and accumulated amortization of debt issuance costs of $5,907. Debt issuance costs for our revolving credit facility were included in other assets, net in our consolidated balance sheets. Expected future amortization related to our acquired real estate leases and assumed real estate obligations, deferred leasing costs and debt issuance costs as of December 31, 2023 are shown below: Acquired Real Estate Leases and Assumed Deferred Leasing Debt Issuance Real State Obligations Costs Costs 2024 $ 43,158 $ 2,811 $ 12,823 2025 35,521 2,724 1,262 2026 30,272 2,548 1,262 2027 26,104 2,304 1,262 2028 20,194 1,965 1,262 Thereafter 69,738 8,295 2,132 $ 224,987 $ 20,647 $ 20,003 Impairments. We regularly evaluate whether events or changes in circumstances have occurred that could indicate an impairment in the value of long lived assets. Impairment indicators may include declining tenant occupancy, lack of progress leasing vacant space, tenant bankruptcies, low long-term prospects for improvement in property performance, weak or declining tenant profitability, cash flow or liquidity, our decision to dispose of an asset before the end of its estimated useful life and legislative, market or industry changes that could permanently reduce the value of a property. If there is an indication that the carrying value of an asset is not recoverable, we estimate the projected undiscounted cash flows to determine if an impairment loss should be recognized. The future net undiscounted cash flows are subjective and are based in part on assumptions regarding hold periods, market rents and terminal capitalization rates. If the carrying value exceeds the projected undiscounted cash flows, we determine the amount of any impairment loss by comparing the historical carrying value to the estimated fair value. We estimate fair value through an evaluation of recent financial performance and projected discounted cash flows using standard industry valuation techniques. In addition to consideration of impairment upon the events or changes in circumstances described above, we regularly evaluate the remaining useful lives of our long lived assets. If we change our estimate of the remaining useful lives, we allocate the carrying value of the affected assets over their revised remaining useful lives. During the year ended December 31, 2023, we recognized a $156 loss on impairment to adjust the carrying value of a property to its estimated fair value. During the year ended December 31, 2022, we recognized a $100,747 loss on impairment for 25 properties we acquired as part of the Merger, to adjust the carrying value of these properties to their estimated fair value. Certain of our industrial lands in Hawaii may require environmental remediation, especially if the use of those lands is changed; however, we do not have any present plans to change the use of those lands or to undertake this environmental cleanup. As of December 31, 2023 and 2022, accrued environmental remediation costs of $6,775 and $6,940, respectively, were included in accounts payable and other liabilities in our consolidated balance sheets. These accrued environmental remediation costs relate to maintenance of our properties for current uses, and, because of the indeterminable timing of the remediation, these amounts have not been discounted to present value. In general, we do not have any insurance designated to limit any losses that we may incur as a result of known or unknown environmental conditions which are not caused by an insured event, such as, for example, fire or flood, although some of our tenants may maintain such insurance that may benefit us. Although we do not believe that there are environmental conditions at any of our properties that will have a material adverse effect on us, we cannot be sure that such conditions are not present at our properties or that costs we incur to remediate contamination will not have a material adverse effect on our business or financial condition. Charges for environmental remediation costs, if any, are included in other operating expenses in our consolidated statements of comprehensive income (loss). Capitalization Policy. Costs directly related to the development of properties are capitalized. We capitalize development costs, including interest, real estate taxes, insurance and other project costs, incurred during the period of development. Determinations of when a development project commences and capitalization begins, and when a development project is substantially complete and held available for occupancy and capitalization must cease, involve judgments. We begin the capitalization of costs during the pre-construction period, which we consider to begin when activities that are necessary to the development of the property commence. We consider a development project as substantially complete and held available for occupancy upon the completion of tenant improvements, but no later than one year from cessation of major construction activity. Cash and Cash Equivalents. We consider highly liquid investments with original maturities of three months or less at the date of purchase to be cash equivalents. Restricted Cash. Restricted cash consists of amounts escrowed for future capital expenditures as required by certain of our mortgaged properties and cash held for the operations of our consolidated joint venture in which we own a 61% equity interest. Derivative Instruments and Hedging Activities. We account for our derivative instruments at fair value. Accounting for changes in the fair value of a derivative instrument depends on the intended use of the derivative instrument and the designation of the derivative instrument. The change in fair value of the effective portion of the derivative instrument that is not designated as a hedge or that does not meet the hedge accounting criteria is recorded as a gain or loss to operations. Equity Method Investments. We account for investments under the equity method when the requirements for consolidation are not met, and we have significant influence over the operations of the investee. We own a 22% equity interest in the unconsolidated joint venture, which owns 18 properties. We do not control the activities that are most significant to this joint venture and, as a result, we account for our investment in this joint venture under the equity method of accounting under the fair value option. Revenue Recognition. We are a lessor of industrial and logistics properties. Our leases provide our tenants with the contractual right to use and economically benefit from all the physical space specified in their respective leases and are generally classified as operating leases. Our leases provide for base rent payments and may also include variable payments. Rental income from operating leases, including any payments derived by index or market based indices, is recognized on a straight line basis over the lease term when we have determined that the collectability of substantially all the lease payments is probable. Some of our leases have options to extend or terminate the lease exercisable at the option of our tenants, which are considered when determining the lease term. Certain of our leases contain non-lease components, such as property level operating expenses and capital expenditures reimbursed by our tenants as well as other required lease payments. We have determined that all our leases qualify for the practical expedient to not separate the lease and non-lease components under the Accounting Standards Codification, or ASC, 842, because the lease components are operating leases and the timing and pattern of recognition of the non-lease components are the same as those of the lease components. Income derived from our leases is recorded in rental income in our consolidated statements of comprehensive income (loss). Certain tenants under their leases are required to directly pay their obligations for insurance, real estate taxes and certain other expenses to the vendor and/or the municipality. These obligations, which have been assumed by the tenants under the terms of their respective leases, are not reflected in our consolidated financial statements. To the extent any tenant responsible for any such obligations under the applicable lease defaults on such lease or if it is deemed probable that the tenant will fail to pay for such obligations, we would record a liability for such obligations. Income Taxes. We have elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended, and, accordingly, we generally are not, and will not be, subject to federal income taxes provided we distribute our taxable income and meet certain organization and operating requirements to qualify for taxation as a REIT. We are, however, subject to certain state and local taxes. Right of Use Assets and Lease Liabilities. We are the lessee for three of our properties subject to ground leases and one office lease that we assumed as part of our acquisition of MNR. For leases with a term greater than 12 months under which we are the lessee, we are required to record a right of use asset and lease liability. The values of our right of use assets and related lease liabilities were $4,646 and $4,730, respectively, as of December 31, 2023, and $5,084 and $5,149, respectively, as of December 31, 2022. Our right of use assets and related lease liabilities are included in other assets, net accounts payable and other liabilities Generally, payments of ground lease obligations are made by our tenants. However, if a tenant does not perform obligations under a ground lease or does not renew any ground lease, we may have to perform obligations under, or renew, the ground lease in order to protect our investment in the affected property. Net Income (Loss) Per Common Share. We calculate basic earnings per common share by dividing net income (loss) by the weighted average number of common shares outstanding during the period. We calculate diluted net income (loss) per share using the more dilutive of the two class method or the treasury stock method. Unvested share awards and other potentially dilutive common shares and the related impact on earnings are considered when calculating diluted earnings per share. Noncontrolling Interests. Noncontrolling interests represent the share of our consolidated joint venture owned by a third party. We allocate net income (loss) to noncontrolling interests based on the respective ownership interest during the period. Segment Reporting. We operate in one business segment: ownership and leasing of properties that include industrial and logistics buildings and leased industrial lands. New Accounting Pronouncements. In November 2023, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires public entities, including those with a single reportable segment, to: (i) provide disclosures of significant segment expenses and other segment items if they are regularly provided to the chief operating decision maker, or the CODM, and included in each reported measure of segment profit or loss; (ii) provide all annual disclosures about a reportable segment’s profit or loss and assets currently required by ASC 280, Segment Reporting in interim periods; and (iii) disclose the CODM’s title and position, as well as an explanation of how the CODM uses the reported measures and other disclosures. ASU 2023-07 does not change how a public entity identifies its operating segments, aggregates those operating segments or applies the quantitative thresholds to determine its reportable segments. ASU 2023-07 is required to be applied retrospectively and is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. We are currently evaluating the impact ASU 2023-07 will have on our consolidated financial statements. In August 2023, the FASB issued ASU 2023-05, Business Combinations – Joint Venture Formations (Subtopic 805-60) : Recognition and Initial Measurement. ASU 2023-05 applies to the formation of a joint venture and requires a joint venture to initially measure all contributions received upon its formation at fair value. This guidance is effective for all joint ventures with a formation date on or after January 1, 2025, with early adoption permitted. Joint ventures formed before the effective date have the option to apply it retrospectively, while those formed after the effective date are required to apply it prospectively. We adopted ASU 2023-05 on October 1, 2023 and will apply the guidance prospectively. We do not expect the adoption to have an impact on our consolidated financial statements. |
Real Estate Investments
Real Estate Investments | 12 Months Ended |
Dec. 31, 2023 | |
Real Estate [Abstract] | |
Real Estate Investments | Real Estate Investments We incurred capital expenditures at certain of our properties of $23,263 and $30,331 during the years ended December 31, 2023 and 2022, respectively. During the year ended December 31, 2023, we committed $10,923 for expenditures related to tenant improvements and leasing costs for leases executed during the period for approximately 4,982,000 rentable square feet. Committed, but unspent, tenant related obligations based on existing leases as of December 31, 2023, were $5,947, all of which is expected to be spent during the next 12 months. Acquisitions On February 25, 2022, we completed the acquisition of MNR pursuant to the Agreement and Plan of Merger, dated as of November 5, 2021 and as amended on February 7, 2022, or the Merger Agreement, by and among us, Maple Delaware Merger Sub LLC, a Delaware limited liability company and our wholly owned subsidiary, or Merger Sub, and MNR. At the effective time on February 25, 2022, or the Effective Time, MNR merged with and into Merger Sub, with Merger Sub continuing as the surviving entity, and the separate existence of MNR ceased. MNR’s portfolio included 124 class A, single tenant, net leased, e-commerce focused industrial properties containing approximately 25,745,000 rentable square feet and two then committed, but not yet then completed, property acquisitions. The aggregate value of the consideration paid in the Merger was $3,739,048, including the assumption of $323,432 aggregate principal amount of former MNR mortgage debt, the repayment of $885,269 of MNR debt and the payment of certain transaction fees and expenses, net of MNR’s cash on hand, and excluding two then pending property acquisitions for an aggregate purchase price of $78,843, excluding acquisition related costs. Pursuant to the terms set forth in the Merger Agreement, at the Effective Time, each share of common stock, par value $0.01 per share, of MNR that was issued and outstanding immediately prior to the Effective Time was automatically converted into the right to receive $21.00 per share in cash, or the Common Stock Consideration, and each share of 6.125% Series C Cumulative Redeemable Preferred Stock, par value $0.01 per share, of MNR, that was issued and outstanding immediately prior to the Effective Time was automatically converted into the right to receive an amount in cash equal to $25.00 plus accumulated and unpaid dividends. At the Effective Time, each MNR stock option and restricted stock award outstanding immediately prior to the Effective Time, whether vested or unvested, became fully vested and converted into the right to receive, in the case of stock options, the difference between the Common Stock Consideration and the exercise price and, in the case of restricted stock awards, the Common Stock Consideration. Any out-of-money stock options were canceled for no consideration. Immediately following the closing of the Merger, we entered into a joint venture arrangement with an institutional investor for 95 MNR properties in 27 states, including two then committed, but not yet then completed, property acquisitions. The investor acquired a 39% equity interest in the joint venture from us for $589,411, as of the completion of this transaction, and we retained the remaining 61% equity interest in the joint venture. In connection with the transaction, the joint venture assumed $323,432 aggregate principal amount of former MNR mortgage debt secured by 11 properties and entered into a $1,400,000 interest only floating rate CMBS loan secured by 82 properties, or the Floating Rate Loan. The Floating Rate Loan matures in March 2024, subject to three one year extension options, and requires that interest be paid at an annual rate based on the secured overnight financing rate, or SOFR, plus a premium of 2.77%. In connection with the closing of the Merger, we entered into a $1,385,158 interest only bridge loan facility secured by 109 of our properties, or the Bridge Loan. We also entered into a $700,000 interest only fixed rate CMBS loan secured by 17 of our properties, or the Fixed Rate Loan. The Bridge Loan was scheduled to mature in February 2023 and required that interest be paid at an annual rate of SOFR plus a weighted average premium of 2.92%. We repaid the Bridge Loan in full in September 2022. The Fixed Rate Loan matures in March 2032 and requires that interest be paid at a weighted average annual interest rate of 4.42%. The Floating Rate Loan, the Bridge Loan and the Fixed Rate Loan are collectively referred to as the Merger Loans. We used the proceeds from our sale of the equity interest in our joint venture in which we retained a 61% equity interest to partially fund our acquisition of MNR. We funded our equity interest in that joint venture and the balance of the acquisition of MNR with proceeds from the Bridge Loan and the Fixed Rate Loan. In connection with the Merger and the Merger Loans, we repaid the outstanding principal balance under our $750,000 unsecured revolving credit facility and then terminated the agreement governing the facility, which was scheduled to expire in June 2022, in accordance with its terms and without penalty. We accounted for the Merger as an acquisition of assets. The following table summarizes the purchase price allocation for the Merger: Land $ 430,818 Buildings 3,035,309 Acquired real estate leases (1) 294,576 Cash 8,814 Other assets, net 14,194 Securities available for sale (2) 146,550 Total assets 3,930,261 Mortgage notes payable, at fair value (323,432) Accounts payable and other liabilities (25,327) Assumed real estate lease obligations (17,829) Equity attributable to noncontrolling interest in the joint venture (3,827) Net assets acquired 3,559,846 Assumed working capital (144,230) Assumed mortgage notes payable, principal 323,432 Purchase price $ 3,739,048 (1) As of the date of acquisition, the weighted average amortization periods for the above market lease values, lease origination value and capitalized below market lease values were 11.1 years, 8.5 years and 7.8 years, respectively. (2) As part of the Merger, we acquired a portfolio of marketable securities and classified them as available for sale. During the year ended December 31, 2022, we sold all of these securities for net proceeds of $140,792, resulting in a $5,758 realized loss on sale of equity securities for the year ended December 31, 2022. In July 2022, our consolidated joint venture acquired a property located in Augusta, GA containing approximately 226,000 rentable square feet for a purchase price of $38,053, including acquisition related costs of $53. This property was 100% leased to a single tenant with a remaining lease term of 14.9 years at the time of acquisition. This property was one of two committed MNR property acquisitions at the time of the Merger and was acquired directly by our consolidated joint venture. In September 2022, our consolidated joint venture terminated the agreement for the other committed MNR property acquisition. We allocated the purchase price for this acquisition based on the estimated fair value of the acquired assets as follows: Acquired Number of Rentable Buildings and Real Estate Date Location Properties Square Feet Purchase Price Land Improvements Leases July 2022 Augusta, GA 1 225,997 $ 38,053 $ 3,818 $ 30,780 $ 3,455 During the year ended December 31, 2021, we acquired four industrial properties and one parcel of developable land containing 1,644,508 rentable square feet for an aggregate purchase price of $134,730, including acquisition related costs of $1,030, and accounted for as asset acquisitions. We allocated the purchase prices for these acquisitions based on the estimated fair value of the acquired assets and assumed liabilities as follows: Acquired Number Rentable Buildings Acquired Real Estate of Square Purchase and Real Estate Lease Date Market Area Properties Feet Price Land Improvements Leases Obligations May 2021 Dallas, TX 1 — $ 2,319 $ 2,319 $ — $ — $ — June 2021 Columbus, OH 1 357,504 31,762 1,491 27,407 2,864 — August 2021 Memphis, TN 3 1,287,004 100,649 5,922 87,600 7,192 (65) 5 1,644,508 $ 134,730 $ 9,732 $ 115,007 $ 10,056 $ (65) Dispositions During the year ended December 31, 2023, we sold two properties and a portion of a land parcel, containing 489,825 square feet for the aggregate sales price of $25,460, excluding closing costs. Number of Gross Gain (Loss) on Sale of Date Location Properties Square Feet Sales Price (1) Real Estate March 2023 Everett, WA N/A 246,114 $ 270 $ (974) December 2023 Mesquite, TX 1 211,112 20,890 118 December 2023 Asheville, NC 1 32,599 4,300 2,566 2 489,825 $ 25,460 $ 1,710 (1) Gross sale price is the gross contract price, excluding closing costs. In September 2021, we sold a portion of a land parcel located in Rock Hill, SC for $1,400, excluding closing costs, resulting in a net gain on sale of real estate of $940. Consolidated Joint Venture We own a 61% equity interest in Mountain Industrial REIT LLC, or Mountain JV, or our consolidated joint venture, which owns 94 properties in 27 states totaling approximately 20,981,000 rentable square feet. We control this consolidated joint venture and therefore account for the properties owned by this joint venture on a consolidated basis in our consolidated financial statements. We recognized net loss attributable to noncontrolling interest in our consolidated financial statements for the year ended December 31, 2023 and the period from February 25, 2022 (inception of our consolidated joint venture) to December 31, 2022 of $41,798 and $60,067, respectively, As of December 31, 2023, our consolidated joint venture had total assets of $3,026,194 and total liabilities of $1,774,380. Consolidated Tenancy in Common An unrelated third party owns an approximate 33% tenancy in common interest in one property located in Somerset, NJ with approximately 64,000 rentable square feet, and we own the remaining 67% tenancy in common interest in this property. The portion of this property’s net income (loss) not attributable to us of $68 and ($51) for the year ended December 31, 2023 and the period from February 25, 2022 (the date of acquisition) to December 31, 2022, respectively, is reported as net loss attributable to noncontrolling interest in our consolidated statements of comprehensive income (loss). Unconsolidated Joint Venture We own a 22% equity interest in The Industrial Fund REIT LLC, which owns 18 industrial properties located in 12 states totaling approximately 11,726,000 rentable square feet. We account for the unconsolidated joint venture under the equity method of accounting under the fair value option. We recognize changes in the fair value of our investment in the unconsolidated joint venture as equity in earnings of unconsolidated joint venture in our consolidated statements of comprehensive income (loss). |
Leases
Leases | 12 Months Ended |
Dec. 31, 2023 | |
Leases [Abstract] | |
Leases | Leases We do not include in our measurement of our lease receivables certain variable payments, including payments determined by changes in the index or market-based indices after the inception of the lease, certain tenant reimbursements and other income until the specific events that trigger the variable payments have occurred. Such payments totaled $76,572, $63,168 and $38,732 for the years ended December 31, 2023, 2022 and 2021, respectively. The following table summarizes the future contractual lease payments due from our tenants as of December 31, 2023: Amount 2024 $ 344,967 2025 327,988 2026 308,240 2027 284,553 2028 240,654 Thereafter 1,555,987 $ 3,062,389 Geographic Concentration For the years ended December 31, 2023, 2022 and 2021, our Hawaii Properties represented 28.0%, 29.7% and 50.6%, respectively, of our rental income. Tenant Concentration We define annualized rental revenues as the annualized contractual base rents from our tenants pursuant to our lease agreements as of the measurement date, including straight line rent adjustments and estimated recurring expense reimbursements to be paid to us, and excluding lease value amortization. Subsidiaries of FedEx Corporation and Amazon.com Services, Inc. represented 29.7% and 6.7% of our annualized rental revenues as of December 31, 2023, respectively, and 29.6% and 6.7% as of December 31, 2022, respectively. |
Indebtedness
Indebtedness | 12 Months Ended |
Dec. 31, 2023 | |
Debt Disclosure [Abstract] | |
Indebtedness | Indebtedness Our outstanding indebtedness as of December 31, 2023 and 2022 is summarized below: Number of Properties Principal Interest Carrying Value Entity Secured By Balance Rate (1) Type Maturity of Collateral As of December 31,2023 ILPT 104 $ 1,235,000 6.18% Floating 10/09/2024 $ 1,044,028 ILPT 186 650,000 4.31% Fixed 02/07/2029 490,149 ILPT 17 700,000 4.42% Fixed 03/09/2032 505,153 Mountain JV 82 1,400,000 6.17% Floating 03/09/2024 1,857,062 Mountain JV 4 91,000 6.25% Fixed 06/10/2030 183,264 Mountain JV 1 11,380 3.67% Fixed 05/01/2031 28,932 Mountain JV 1 12,916 4.14% Fixed 07/01/2032 43,510 Mountain JV 1 28,622 4.02% Fixed 10/01/2033 84,793 Mountain JV 1 40,019 4.13% Fixed 11/01/2033 129,749 Mountain JV 1 24,433 3.10% Fixed 06/01/2035 46,394 Mountain JV 1 39,411 2.95% Fixed 01/01/2036 99,108 Mountain JV 1 43,850 4.27% Fixed 11/01/2037 110,097 Mountain JV 1 49,313 3.25% Fixed 01/01/2038 113,477 Total/weighted average 4,325,944 5.47% $ 4,735,716 Unamortized debt issuance costs (20,003) Total indebtedness, net $ 4,305,941 As of December 31, 2022 ILPT 104 $ 1,235,000 6.18% Floating 10/09/2024 $ 1,071,815 ILPT 186 650,000 4.31% Fixed 02/07/2029 490,416 ILPT 17 700,000 4.42% Fixed 03/09/2032 518,806 Mountain JV 82 1,400,000 6.17% Floating 03/09/2024 1,909,185 Mountain JV 1 13,556 3.76% Fixed 10/01/2028 63,314 Mountain JV 1 4,865 3.77% Fixed 04/01/2030 39,724 Mountain JV 1 5,145 3.85% Fixed 04/01/2030 39,724 Mountain JV 1 14,392 3.56% Fixed 09/01/2030 50,825 Mountain JV 1 12,691 3.67% Fixed 05/01/2031 30,800 Mountain JV 1 14,144 4.14% Fixed 07/01/2032 44,777 Mountain JV 1 30,949 4.02% Fixed 10/01/2033 87,143 Mountain JV 1 43,219 4.13% Fixed 11/01/2033 131,539 Mountain JV 1 26,175 3.10% Fixed 06/01/2035 47,718 Mountain JV 1 42,087 2.95% Fixed 01/01/2036 101,896 Mountain JV 1 46,109 4.27% Fixed 11/01/2037 113,063 Mountain JV 1 52,031 3.25% Fixed 01/01/2038 116,607 Total/weighted average 4,290,363 5.43% $ 4,857,352 Unamortized debt issuance costs (45,862) Total indebtedness, net $ 4,244,501 (1) Interest rates reflect the impact of interest rate caps, if any, and exclude the impact of the amortization of debt issuance costs, premiums and discounts. We had a $750,000 unsecured revolving credit facility that was available for our general business purposes, including acquisitions. The weighted average annual interest rate for borrowings under this revolving credit facility was 1.41%, for the period from January 1, 2022 to February 25, 2022, and 1.44% for the year ended December 31, 2021. In connection with the closing of the Merger, we entered into the Merger Loans, and repaid the outstanding principal balance under this revolving credit facility and then terminated the agreement governing the facility in accordance with its terms and without penalty. During the year ended December 31, 2022, we recorded a $828 loss on early extinguishment of debt to write off unamortized costs related to this facility. On February 25, 2022, subsidiaries of our consolidated joint venture entered into a loan agreement with a group of institutional lenders, or the Floating Rate Lenders, pursuant to which this joint venture obtained the Floating Rate Loan. Also on February 25, 2022, our consolidated joint venture entered into a guaranty in favor of the Floating Rate Lenders, pursuant to which this joint venture guaranteed certain limited recourse obligations of its subsidiaries with respect to the Floating Rate Loan. The Floating Rate Loan matures in March 2024, subject to three, one year extension options, and requires that interest be paid at an annual rate of SOFR plus a premium of 2.25%. Effective in March 2022, the Floating Rate Lenders exercised their option to increase the interest rate premium in connection with the securitization of the Floating Rate Loan, resulting in an increase of 51.5 basis points to the premium. We also purchased an interest rate cap through March 2024 with a SOFR strike rate equal to 3.40%. The weighted average annual interest rate payable under the Floating Rate Loan was 6.17% for the year ended December 31, 2023, and was 6.10% for the period from our joint venture’s formation date, February 25, 2022, to December 31, 2022. Also on February 25, 2022, certain of our subsidiaries entered into a loan agreement with a group of institutional lenders, or the Bridge Lenders, and a mezzanine loan agreement with an institutional lender, or the Bridge Mezz Lender, together pursuant to which we obtained the Bridge Loan. Also on February 25, 2022, we entered into a guaranty in favor of the Bridge Lenders and the Bridge Mezz Lender, pursuant to which we guaranteed certain limited recourse obligations of our subsidiaries with respect to the Bridge Loan. The Bridge Loan was scheduled to mature in February 2023 and required that interest only be paid at an annual rate of SOFR plus a premium of 1.75% under the loan agreement and a premium of 8.0% under the mezzanine loan agreement. We also purchased an interest rate cap with a SOFR strike rate equal to 2.70%. We repaid the Bridge Loan in full on September 22, 2022 with cash on hand and proceeds from our $1,235,000 floating rate loan, which is further described below. During the year ended December 31, 2022, we recorded a $21,370 loss on early extinguishment of debt to write off unamortized costs related to the Bridge Loan and related interest rate cap. The weighted average annual interest rate payable under the Bridge Loan was 4.24% for the period from February 25, 2022 to September 22, 2022. Also on February 25, 2022, certain of our subsidiaries entered into a loan agreement with a group of institutional lenders, or the Fixed Rate Lenders, and mezzanine loan agreements with a separate group of institutional lenders, or the Fixed Mezz Lenders, pursuant to which we obtained the Fixed Rate Loan. Also on February 25, 2022, we entered into a guaranty in favor of the Fixed Rate Lenders and the Fixed Mezz Lenders, pursuant to which we guaranteed certain limited recourse obligations of our subsidiaries with respect to the Fixed Rate Loan. The interest only Fixed Rate Loan matures in March 2032 and requires that interest be paid at a weighted average annual fixed rate of 4.42%. We used the aggregate net proceeds from the Merger Loans to partially fund the acquisition of MNR. Principal payments on the Floating Rate Loan and Fixed Rate Loan are not required prior to the end of their respective initial terms, subject to certain conditions set forth in the applicable loan agreement. Subject to the satisfaction of certain conditions, we have the option under the applicable loan agreement: (1) to prepay up to $280,000 of the Floating Rate Loan after March 2023, at par with no premium, and to prepay the balance of the Floating Rate Loan at any time, subject to a premium; and (2) to prepay the Fixed Rate Loan in full or part at any time, subject to a premium, and beginning in September 2031, without a premium. On September 22, 2022, certain of our subsidiaries entered into a loan agreement with a group of institutional lenders, or the ILPT Floating Rate Lenders, and a mezzanine loan agreement with a separate group of institutional lenders, or the ILPT Floating Rate Mezz Lenders, pursuant to which we obtained the $1,235,000 loan, or the ILPT Floating Rate Loan, secured by 104 of our properties. The ILPT Floating Rate Loan is comprised of a $1,100,000 mortgage loan and a $135,000 mezzanine loan. Also, on September 22, 2022, we entered into a guaranty in favor of the ILPT Floating Rate Lenders and the ILPT Floating Rate Mezz Lenders, pursuant to which we guaranteed certain limited recourse obligations of our subsidiaries with respect to the ILPT Floating Rate Loan. The ILPT Floating Rate Loan matures on October 9, 2024, subject to three, one year extension options, and requires that interest only payments be made at an annual rate of SOFR, which is capped at an annual rate of 2.25% for the initial term of the ILPT Floating Rate Loan, plus a weighted average premium of 3.93%. Subject to the satisfaction of certain conditions, we have the option: (1) to prepay up to $247,000 of the ILPT Floating Rate Loan at par with no premium; and (2) to prepay the balance of the ILPT Floating Rate Loan in full or in part at any time, subject to a premium. Subject to the satisfaction of certain conditions, we have the option to prepay the ILPT Floating Rate Loan in full or in part at any time at par with no premium. The weighted average interest rate payable under the ILPT Floating Rate Loan was 6.18% for the year ended December 31, 2023 and the period from September 22, 2022 to December 31, 2022. In May 2023, our consolidated joint venture obtained a $91,000 fixed rate, interest only mortgage loan secured by four properties owned by our consolidated joint venture. This mortgage loan matures in June 2030 and requires that interest be paid at an annual rate of 6.25%. A portion of the net proceeds from this mortgage loan was used to repay four outstanding mortgage loans of our consolidated joint venture with an aggregate outstanding principal balance of $35,910 and a weighted average interest rate of 3.70%. We recognized a loss on early extinguishment of debt of $359 for the year ended December 31, 2023 in conjunction with the repayment of these mortgage loans. The agreements governing certain of our indebtedness contain customary covenants and provide for acceleration of payment of all amounts due thereunder upon the occurrence and continuation of certain events of default. The required principal payments due during the next five years and thereafter under all our outstanding debt as of December 31, 2023 are as follows: Principal Payment 2024 $ 2,653,114 2025 18,794 2026 19,495 2027 20,229 2028 20,989 Thereafter 1,593,323 $ 4,325,944 |
Fair Value of Assets and Liabil
Fair Value of Assets and Liabilities | 12 Months Ended |
Dec. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Assets and Liabilities | Fair Value of Assets and Liabilities Our financial instruments include cash and cash equivalents, restricted cash, mortgages and notes payable, accounts payable and interest rate caps. At December 31, 2023 and 2022, the fair value of our financial instruments approximated their carrying values in our consolidated financial statements, due to their short term nature or floating interest rates, except for our fixed rate mortgage notes payable. Our fixed rate mortgage notes payable had an aggregate carrying value of $1,682,501 and $1,646,736 as of December 31, 2023 and 2022, respectively, and a fair value of $1,553,863 and $1,487,147 as of December 31, 2023 and 2022, respectively. We estimate the fair value of our fixed rate mortgage notes payable using significant unobservable inputs (Level 3), including discounted cash flow analyses and prevailing market rates as of the measurement date. The table below presents certain of our assets measured on a recurring and non-recurring basis at fair value at December 31, 2023 and 2022, categorized by the level of inputs as defined in the fair value hierarchy under GAAP, used in the valuation of each asset: Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) At December 31, 2023 Recurring: Investment in unconsolidated joint venture $ 115,360 $ — $ — $ 115,360 Interest rate caps (1) $ 30,576 $ — $ 30,576 $ — Non-recurring: Real estate properties (2) $ 1,414 $ — $ — $ 1,414 At December 31, 2022 Recurring: Investment in unconsolidated joint venture $ 124,358 $ — $ — $ 124,358 Interest rate caps (1) $ 73,133 $ — $ 73,133 $ — Non-recurring: Real estate properties (2) $ 555,123 $ — $ — $ 555,123 (1) The fair values of our interest rate caps are based on market prices in secondary markets for similar derivative contracts. (2) During the years ended December 31, 2023 and December 31, 2022, we reduced the carrying value of one property and 25 properties, respectively, to their fair values based on third party offers. See Note 2 for more information. At December 31, 2023 and 2022, the fair value of our investment in the unconsolidated joint venture was determined by applying our ownership percentage to the net asset value of the entity. The net asset value of the unconsolidated joint venture is determined by using similar estimation techniques as those used for consolidated real estate properties, including discounting expected future cash flows of the underlying real estate investments based on prevailing market rents over a holding period and including an exit capitalization rate to determine the final year of cash flows. The discount rates, exit capitalization rates and holding periods used are Level 3 significant unobservable inputs and are shown in the table below: Exit Capitalization Valuation Technique Discount Rates Rates Holding Periods At December 31, 2023 Investment in unconsolidated joint venture Discounted cash flow 5.75% - 8.00% 5.25% - 6.50% 9 - 12 years At December 31, 2022 Investment in unconsolidated joint venture Discounted cash flow 5.25% - 7.00% 4.75% - 6.00% 10 years The table below presents a summary of the changes in fair value for our investment in the unconsolidated joint venture: Year Ended December 31, 2023 2022 Beginning balance $ 124,358 $ 143,022 Equity in earnings of unconsolidated joint venture 902 7,078 Distributions from unconsolidated joint venture (9,900) (25,742) Ending balance $ 115,360 $ 124,358 |
Shareholders' Equity
Shareholders' Equity | 12 Months Ended |
Dec. 31, 2023 | |
Share-Based Payment Arrangement [Abstract] | |
Shareholders' Equity | Shareholders’ Equity Common Share Awards We have common shares available for issuance under the terms of our 2018 Equity Compensation Plan, or the 2018 Plan. During the years ended December 31, 2023, 2022 and 2021, we awarded to our officers and other employees of The RMR Group LLC, or RMR, annual share awards of 188,350, 173,300 and 118,800 of our common shares, respectively, valued at $684, $1,184 and $3,086, in aggregate, respectively. In accordance with our Trustee compensation arrangements, we awarded each of our then Trustees 20,000 of our common shares with an aggregate value of $249, 3,500 of our common shares with an aggregate value of $369 and 3,500 of our common shares with an aggregate value of $538 during the years ended December 31, 2023, 2022 and 2021, respectively, as part of their annual compensation. The values of the share awards were based upon the closing price of our common shares trading on The Nasdaq Stock Market LLC, or Nasdaq, on the dates of awards. The common shares awarded to our Trustees vested immediately. The common shares awarded to our officers and certain other employees of RMR vest in five equal annual installments beginning on the date of award. We recognize share forfeitures as they occur and include the value of awarded shares in general and administrative expenses ratably over the vesting period. A summary of shares awarded, vested and forfeited under the terms of the 2018 Plan for the years ended December 31, 2023, 2022 and 2021 is as follows: Year Ended December 31, 2023 2022 2021 Weighted Weighted Weighted Average Average Average Number Grant Date Number Grant Date Number Grant Date of Shares Fair Value of Shares Fair Value of Shares Fair Value Unvested at beginning of year 260,800 $ 15.07 192,380 $ 24.15 162,200 $ 22.37 Granted 328,350 2.84 197,800 7.85 139,800 25.93 Vested (296,890) 8.02 (127,480) 17.44 (108,920) 23.78 Forfeited (3,950) 11.40 (1,900) 24.55 (700) 22.24 Unvested at end of year 288,310 $ 8.50 260,800 $ 15.07 192,380 $ 24.15 The 288,310 unvested shares as of December 31, 2023 are scheduled to vest as follows: 100,280 shares in 2024, 84,660 shares in 2025, 66,000 shares in 2026 and 37,370 shares in 2027. As of December 31, 2023, the estimated future compensation expense for the unvested shares was approximately $2,111. The weighted average period over which the compensation expense will be recorded is approximately 23 months. During the years ended December 31, 2023, 2022 and 2021, we recorded $1,741, $2,221 and $2,328, respectively, of compensation expense related to the 2018 Plan. At December 31, 2023, 3,156,613 common shares remain available for issuance under the 2018 Plan. Common Share Purchases During the years ended December 31, 2023, 2022 and 2021, we purchased an aggregate of 49,158, 32,347 and 35,596 of our common shares, respectively, valued at weighted average prices of $3.29, $7.50 and $25.91 per common share, respectively, from certain of our Trustees, our officers and certain other current and former officers and employees of RMR in satisfaction of tax withholding and payment obligations in connection with the vesting of awards of our common shares. Distributions During the years ended December 31, 2023, 2022 and 2021, we paid distributions on our common shares as follows: Annual Per Characterization of Distribution Share Total Return of Ordinary Capital Year Distribution Distribution Capital Income Gain 2023 $ 0.04 $ 2,627 100.0 % — % — % 2022 $ 0.68 $ 44,477 89.7 % 9.6 % 0.7 % 2021 $ 1.32 $ 86,236 — % 93.2 % 6.8 % On January 11, 2024, we declared a regular quarterly distribution to common shareholders of record on January 22, 2024 of $0.01 per common share, or approximately $658. We expect to pay this distribution to our shareholders on or about February 15, 2024 using cash on hand. |
Per Common Shares Amounts
Per Common Shares Amounts | 12 Months Ended |
Dec. 31, 2023 | |
Weighted Average Number of Shares Outstanding Reconciliation [Abstract] | |
Per Common Shares Amounts | Per Common Share Amounts We calculate basic earnings per common share by dividing net (loss) income attributable to common shareholders by the weighted average number of our common shares outstanding during the period. We calculate diluted earnings per share using the more dilutive of the two class method or the treasury stock method. Unvested common share awards, and the related impact on earnings, are considered when calculating diluted earnings per share. The calculation of basic and diluted earnings per share is as follows: Year Ended December 31, 2023 2022 2021 Numerators: Net (loss) income attributable to common shareholders $ (107,989) $ (226,723) $ 119,682 Income attributable to participating unvested share awards (10) (131) (307) Net (loss) income attributable to common shareholders used in calculating earnings per share $ (107,999) $ (226,854) $ 119,375 Denominators: Weighted average common shares for basic earnings per share 65,430 65,248 65,169 Effect of unvested share awards — — 42 Weighted average common shares for diluted earnings per share 65,430 65,248 65,211 Net (loss) income attributable to common shareholders per common share (basic and diluted) $ (1.65) $ (3.47) $ 1.83 |
Business and Property Managemen
Business and Property Management Agreements with RMR | 12 Months Ended |
Dec. 31, 2023 | |
Related Party Transactions [Abstract] | |
Business and Property Management Agreements with RMR | Business and Property Management Agreements with RMR We have no employees. The personnel and various services we require to operate our business are provided to us by RMR. We have two agreements with RMR to provide management services to us: (1) a business management agreement, which relates to our business generally; and (2) a property management agreement, which relates to our property level operations. Management Agreements with RMR. Our management agreements with RMR provide for an annual base management fee, an annual incentive management fee and property management and construction supervision fees, payable in cash, among other terms: • Base Management Fee . The annual base management fee payable to RMR by us for each applicable period is equal to the lesser of: • the sum of (i) 0.5% of the average aggregate historical cost of the real estate assets acquired from a REIT to which RMR provided business management or property management services, or the Transferred Assets, plus (ii) 0.7% of the average aggregate historical cost of our real estate investments excluding the Transferred Assets up to $250,000, plus (iii) 0.5% of the average aggregate historical cost of our real estate investments excluding the Transferred Assets exceeding $250,000; and • the sum of (i) 0.7% of the average closing price per share of our common shares on the stock exchange on which such shares are principally traded during such period, multiplied by the average number of our common shares outstanding during such period, plus the daily weighted average of the aggregate liquidation preference of each class of our preferred shares outstanding during such period, plus the daily weighted average of the aggregate principal amount of our consolidated indebtedness during such period, or, together, our Average Market Capitalization, up to $250,000, plus (ii) 0.5% of our Average Market Capitalization exceeding $250,000. The average aggregate historical cost of our real estate investments includes our consolidated assets invested, directly or indirectly, in equity interests in or loans secured by real estate and personal property owned in connection with such real estate (including acquisition related costs and costs which may be allocated to intangibles or are unallocated), all before reserves for depreciation, amortization, impairment charges or bad debts or other similar non-cash reserves. • Incentive Management Fee . The incentive management fee which may be earned by RMR for an annual period is calculated as follows: • An amount, subject to a cap, based on the value of our common shares outstanding, equal to 12.0% of the product of: • our equity market capitalization on the last trading day of the year immediately prior to the relevant three year measurement period, and • the amount (expressed as a percentage) by which the total return per share, as defined in the business management agreement and further described below, of our common shareholders (i.e., share price appreciation plus dividends) exceeds the total shareholder return of the applicable market index, or the benchmark return per share, for the relevant measurement period. The MSCI U.S. REIT/Industrial REIT Index is the benchmark index for periods on and after August 1, 2021, and the SNL U.S. REIT Industrial Index is the benchmark index for periods prior to August 1, 2021. For purposes of the total return per share of our common shareholders, share price appreciation for a measurement period is determined by subtracting (i) the closing price of our common shares on Nasdaq on the last trading day of the year immediately before the first year of the applicable measurement period, or the initial share price, from (ii) the average closing price of our common shares on the 10 consecutive trading days having the highest average closing prices during the final 30 trading days in the last year of the measurement period. • The calculation of the incentive management fee (including the determinations of our equity market capitalization, initial share price and the total return per share of our common shareholders) is subject to adjustments if we issue or repurchase our common shares, or our common shares are forfeited, during the measurement period. • No incentive management fee is payable by us unless our total return per share during the measurement period is positive. • The measurement periods are three year periods ending with the year for which the incentive management fee is being calculated. • If our total return per share exceeds 12.0% per year in any measurement period, the benchmark return per share is adjusted to be the lesser of the total shareholder return of the applicable market index for such measurement period and 12.0% per year, or the adjusted benchmark return per share. In instances where the adjusted benchmark return per share applies, the incentive management fee will be reduced if our total return per share is between 200 basis points and 500 basis points below the applicable market index in any year, by a low return factor, as defined in the business management agreement, and there will be no incentive management fee paid if, in these instances, our total return per share is more than 500 basis points below the applicable market index in any year, determined on a cumulative basis (i.e., between 200 basis points and 500 basis points per year multiplied by the number of years in the measurement period and below the applicable market index). • The incentive management fee is subject to a cap. The cap is equal to the value of the number of our common shares which would, after issuance, represent 1.5% of the number of our common shares then outstanding multiplied by the average closing price of our common shares during the 10 consecutive trading days having the highest average closing prices during the final 30 trading days of the relevant measurement period. • Incentive management fees we paid to RMR for any period may be subject to “clawback” if our financial statements for that period are restated due to material non-compliance with any financial reporting requirements under the securities laws as a result of the bad faith, fraud, willful misconduct or gross negligence of RMR and the amount of the incentive management fee we paid was greater than the amount we would have paid based on the restated financial statements. Pursuant to our business management agreement with RMR, we recognized business management fees of $23,154, $23,701 and $10,562 for the years ended December 31, 2023, 2022 and 2021, respectively. The business management fees we recognized are included in general and administrative expenses in our consolidated statements of comprehensive income (loss) for the years ended December 31, 2023, 2022 and 2021. We did not incur any incentive management fee pursuant to our business management agreement for the years ended December 31, 2023, 2022 and 2021. • Property Management and Construction Supervision Fees . The property management fees payable to RMR by us for each applicable period are equal to 3.0% of gross collected rents and the construction supervision fees payable to RMR by us for each applicable period are equal to 5.0% of construction costs. Pursuant to our property management agreement with RMR, we recognized aggregate property management and construction supervision fees of $13,449, $11,916 and $6,606 for the years ended December 31, 2023, 2022 and 2021, respectively. For the years ended December 31, 2023, 2022 and 2021, $12,800, $11,058 and $6,395, respectively, of the total property management and construction supervision fees were included in other operating expenses in our consolidated statements of comprehensive income (loss) and $649, $858 and $211, respectively, were capitalized as building improvements in our consolidated balance sheets. The amounts capitalized are being depreciated over the estimated useful lives of the related capital assets. • Expense Reimbursement . We are generally responsible for all of our operating expenses, including certain expenses incurred or arranged by RMR on our behalf. We are generally not responsible for payment of RMR’s employment, office or administrative expenses incurred to provide management services to us, except for the employment and related expenses of RMR’s employees assigned to work exclusively or partly at our properties, our share of the wages, benefits and other related costs of RMR’s centralized accounting personnel, our share of RMR’s costs for providing our internal audit function and as otherwise agreed. Our property level operating expenses are generally incorporated into rents charged to our tenants, including certain payroll and related costs incurred by RMR. We reimbursed RMR amounts totaling $8,378, $6,785 and $4,786 for these expenses and costs for the years ended December 31, 2023, 2022 and 2021, respectively. These amounts are included in other operating expenses and general and administrative expenses, as applicable, for these periods. • Term . Our management agreements with RMR have terms that end on December 31, 2043, and automatically extend on December 31st of each year for an additional year, so that the terms of our management agreements thereafter end on the 20th anniversary of the date of the extension. • Termination Rights . We have the right to terminate one or both of our management agreements with RMR: (i) at any time on 60 days’ written notice for convenience; (ii) immediately on written notice for cause, as defined therein; (iii) on written notice given within 60 days after the end of an applicable calendar year for a performance reason, as defined therein; and (iv) by written notice during the 12 months following a change of control of RMR, as defined therein. RMR has the right to terminate the management agreements for good reason, as defined therein. • Termination Fee . If we terminate one or both of our management agreements with RMR for convenience, or if RMR terminates one or both of our management agreements for good reason, we have agreed to pay RMR a termination fee in an amount equal to the sum of the present values of the monthly future fees, as defined therein, for the terminated management agreement(s) for the term that was remaining prior to such termination, which, depending on the time of termination would be between 19 and 20 years. If we terminate one or both of our management agreements with RMR for a performance reason, we have agreed to pay RMR the termination fee calculated as described above, but assuming a 10 year term was remaining prior to the termination. We are not required to pay any termination fee if we terminate our management agreements with RMR for cause or as a result of a change of control of RMR. • Transition Services . RMR has agreed to provide certain transition services to us for 120 days following an applicable termination by us or notice of termination by RMR, including cooperating with us and using commercially reasonable efforts to facilitate the orderly transfer of the management and real estate investment services provided under our business management agreement and to facilitate the orderly transfer of the management of the managed properties under our property management agreement, as applicable. • Vendors . Pursuant to our management agreements with RMR, RMR may from time to time negotiate on our behalf with certain third party vendors and suppliers for the procurement of goods and services to us. As part of this arrangement, we may enter agreements with RMR and other companies to which RMR or its subsidiaries provide management services for the purpose of obtaining more favorable terms from such vendors and suppliers. • Investment Opportunities . Under our business management agreement with RMR, we acknowledge that RMR may engage in other activities or businesses and act as the manager to any other person or entity (including other REITs) even though such person or entity has investment policies and objectives similar to ours and we are not entitled to preferential treatment in receiving information, recommendations and other services from RMR. Management Agreements Between Our Joint Ventures and RMR. We have two separate joint venture arrangements. One of these joint ventures, the unconsolidated joint venture, is with two, third party institutional investors. This joint venture owns 18 properties, and we own a 22% equity interest in this joint venture. The other joint venture, our consolidated joint venture, which we entered into in connection with the Merger, is with one, third party institutional investor. This joint venture owns 94 properties. We own a 61% equity interest in this joint venture, and the other joint venture investor acquired a 39% equity interest in the joint venture from us for $589,411, as of the completion of the transaction, in connection with our consolidated joint venture’s formation in February 2022 . See Note 3 for further information about our joint ventures. RMR provides management services to both of these joint ventures. We are not obligated to pay management fees to RMR under our management agreements with RMR for the services it provides to the unconsolidated joint venture. We are obligated to pay management fees to RMR under our management agreements with RMR for the services it provides to our consolidated joint venture; however, our consolidated joint venture pays management fees directly to RMR, and any such fees paid by our consolidated joint venture are credited against the fees payable by us to RMR. See Note 3 for further information about our joint ventures. See Note 10 for further information regarding our relationships, agreements and transactions with RMR. |
Related Person Transactions
Related Person Transactions | 12 Months Ended |
Dec. 31, 2023 | |
Related Party Transactions [Abstract] | |
Related Person Transactions | Related Person Transactions We have relationships and historical and continuing transactions with RMR, The RMR Group Inc., or RMR Inc., and others related to them, including other companies to which RMR or its subsidiaries provide management services and some of which have trustees, directors or officers who are also our Trustees or officers. RMR is a majority owned subsidiary of RMR Inc. The Chair of our Board of Trustees and one of our Managing Trustees, Adam D. Portnoy, is the sole trustee, an officer and the controlling shareholder of ABP Trust, which is the controlling shareholder of RMR Inc., the chair of the board of directors, a managing director and the president and chief executive officer of RMR Inc. and an officer and employee of RMR. Matthew P. Jordan, our other Managing Trustee, is an executive vice president and the chief financial officer and treasurer of RMR Inc., an officer and employee of RMR and an officer of ABP Trust. John G. Murray, one of our Managing Trustees until June 1, 2022 and our President and Chief Executive Officer until March 31, 2022, also serves as an officer and employee of RMR, and each of our current officers is also an officer and employee of RMR. Some of our Independent Trustees also serve as independent trustees of other public companies to which RMR or its subsidiaries provide management services. Adam D. Portnoy serves as chair of the boards and as a managing trustee of these public companies. Other officers of RMR, including Messrs. Jordan and Murray and certain of our officers, serve as managing trustees or officers of certain of these companies. Our Manager, RMR . We have two agreements with RMR to provide management services to us. See Note 9 for further information regarding our management agreements with RMR. Joint Ventures. We have two separate joint venture arrangements. See Note 3 for further information regarding our joint ventures, including properties we have sold to, and equity interests we have sold in, these joint ventures. As of December 31, 2023 and 2022, we owed $680 and $616, respectively, to the unconsolidated joint venture for rents that we collected on behalf of that joint venture. These amounts are presented as due to related persons in our consolidated balance sheets. RMR provides management services to each of our joint ventures. See Note 9 for further information regarding RMR’s management agreements with our joint ventures. Share Awards to RMR Employees . As described in Note 7, we award shares to our officers and other employees of RMR annually. Generally, one fifth of these awards vest on the grant date and one fifth vests on each of the next four anniversaries of the grant dates. In certain instances, we may accelerate the vesting of an award, such as in connection with the award holder’s retirement as an officer of us or an officer or employee of RMR. These awards to RMR employees are in addition to the share awards to our Managing Trustees, as Trustee compensation, and the fees we paid to RMR. See Note 7 for information regarding our share awards and activity as well as certain share repurchases we made in connection with share award recipients satisfying tax withholding obligations on the vesting of share awards. TravelCenters of America Inc. In May 2021, we acquired a property located in the Mesquite, TX market from TravelCenters of America Inc., or TA, for a purchase price of $2,319, including acquisition related costs of $119. Until TA was acquired in May 2023 by BP Products North America Inc., RMR provided management services to TA and Mr. Portnoy served as the chair of the board of directors and as a managing director of TA. See Note 3 for further information regarding our acquisition and disposition of the property in Mesquite, TX. |
Derivatives and Hedging Activit
Derivatives and Hedging Activities | 12 Months Ended |
Dec. 31, 2023 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivatives and Hedging Activities | Derivatives and Hedging Activities Risk Management Objective of Using Derivatives We are exposed to certain risks relating to our ongoing business operations, including the impact of changes in interest rates. The only risk currently managed by us using derivative instruments is our interest rate risk. We have an interest rate cap agreement to manage our interest rate risk exposure on each of the ILPT Floating Rate Loan and the Floating Rate Loan, both with interest payable at a rate equal to SOFR plus a premium. The use of derivative financial instruments carries certain risks, including the risk that the counterparties to these contractual arrangements are not able to perform under the agreements. To mitigate this risk, we only enter into derivative financial instruments with counterparties with high credit ratings and with major financial institutions with which we or our related parties may also have other financial relationships. We do not anticipate that any of the counterparties will fail to meet their obligations. Cash Flow Hedges of Interest Rate Risk We record all derivatives in our consolidated balance sheets at fair value. The following table summarizes the terms of our outstanding interest rate cap agreements designated as cash flow hedges of interest rate risk at December 31, 2023 and 2022: Balance Sheet Underlying Strike Notional Fair Value at December 31, Derivative Line Item Instrument Rate Amount 2023 2022 Interest rate cap Other assets Floating Rate Loan 3.40% $ 1,400,000 $ 5,516 $ 23,337 Interest rate cap Other assets ILPT Floating Rate Loan 2.25% $ 1,235,000 25,060 49,796 $ 30,576 $ 73,133 Interest rate caps designated as cash flow hedges involve the receipt of variable amounts from a counterparty if interest rates rise above the strike rate on the contract in exchange for an up-front premium. For derivatives designated and qualifying as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in cumulative other comprehensive income and subsequently reclassified into interest expense in the same period during which the hedged transaction affects earnings. Gains and losses on the derivative representing hedge components excluded from the assessment of effectiveness are recognized over the life of the hedge on a systematic and rational basis, as documented at hedge inception in accordance with our accounting policy election. The earnings recognition of excluded components is presented in interest expense. Amounts reported in cumulative other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on our applicable debt. In September 2022, in conjunction with the repayment of the Bridge Loan, we sold two interest rate cap instruments with an aggregate notional amount of $1,385,158, a strike rate equal to 2.70% and an original expiration date of March 15, 2023 for $7,740. As the underlying debt instrument that these interest rate caps were intended to hedge was repaid in its entirety and the related interest expense was no longer probable to occur, these interest rate caps were no longer designated as cash flow hedges and the remaining deferred gain was reclassified from cumulative other comprehensive income to loss on early extinguishment of debt. The following table summarizes the activity related to our cash flow hedges within cumulative other comprehensive income for the periods shown: Year Ended December 31, 2023 2022 Amount of gain recognized in cumulative other comprehensive income $ 15,640 $ 34,825 Amount reclassified from cumulative other comprehensive income into interest expense (33,639) 2,330 Amount reclassified from cumulative other comprehensive income to loss on early extinguishment of debt — (6,961) Unrealized (loss) gain on derivative instrument recognized in cumulative other comprehensive loss $ (17,999) $ 30,194 |
SCHEDULE III - REAL ESTATE AND
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION | 12 Months Ended |
Dec. 31, 2023 | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract] | |
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION | SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2023 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 510 Production Avenue Madison AL (A) $ 1,200 $ 9,967 $ — $ (2,118) $ 973 $ 8,076 $ 9,049 $ (409) 2/25/2022 2004 6735 Trippel Road Mobile AL (B) 1,500 44,354 — — 1,500 44,354 45,854 (2,344) 2/25/2022 2017 11224 Will Walker Road Vance AL (A) 3,901 40,857 550 — 3,901 41,407 45,308 (3,478) 2/25/2022 2021 3200 Rodeo Court Bessemer AL (C) 3,201 23,462 — — 3,201 23,462 26,663 (1,241) 2/25/2022 2021 4501 Industrial Drive Fort Smith AR (A) 900 3,485 — — 900 3,485 4,385 (777) 1/29/2015 2013 9860 West Buckeye Road Tolleson AZ (A) 4,801 26,716 1 — 4,802 26,716 31,518 (2,468) 2/25/2022 2002 3870 Ronald Reagan Boulevard Johnstown CO (A) 2,780 9,722 (1) — 2,780 9,721 12,501 (1,532) 4/9/2019 2007 125 North Troy Hill Road Colorado Springs CO (A) 5,402 32,981 10 (10,790) 3,882 23,721 27,603 (1,025) 2/25/2022 2016 14257 E. Easter Avenue Centennial CO (A) 1,801 10,563 12 (2,607) 1,422 8,347 9,769 (507) 2/25/2022 2003 955 Aeroplaza Drive Colorado Springs CO (A) 800 7,412 210 — 800 7,622 8,422 (1,672) 1/29/2015 2012 13400 East 39th Avenue and 3800 Wheeling Street Denver CO (A) 3,100 12,955 16 — 3,100 12,971 16,071 (2,892) 1/29/2015 1973 150 Greenhorn Drive Pueblo CO (A) 200 4,177 11 — 200 4,188 4,388 (931) 1/29/2015 2013 2 Tower Drive Wallingford CT (A) 1,471 2,165 889 — 1,472 3,053 4,525 (1,269) 10/24/2006 1978 50 Hollow Tree Lane Newington CT (C) 600 4,793 56 — 600 4,849 5,449 (298) 2/25/2022 2000 235 Great Pond Road Windsor CT (A) 2,400 9,469 — — 2,400 9,469 11,869 (2,703) 7/20/2012 2004 2100 NW 82nd Avenue Miami FL (A) 144 1,297 454 — 144 1,751 1,895 (987) 3/19/1998 1987 10450 Doral Boulevard Doral FL (A) 15,225 28,102 — — 15,225 28,102 43,327 (5,154) 6/27/2018 1996 13509 Waterworks Street Jacksonville FL (A) 3,701 37,720 — (9,346) 2,866 29,209 32,075 (1,264) 2/25/2022 2014 27200 SW 127th Avenue Homestead FL (A) 24,808 22,762 — (8,376) 20,440 18,754 39,194 (812) 2/25/2022 2017 3155 Grissom Parkway Cocoa FL (A) 3,101 20,542 18 (4,620) 2,495 16,546 19,041 (836) 2/25/2022 2006 950 Bennett Road Orlando FL (A) 2,701 12,334 213 (737) 2,566 11,945 14,511 (619) 2/25/2022 1997 3736 Salisbury Road Jacksonville FL (A) 1,600 12,071 185 (2,998) 1,252 9,606 10,858 (736) 2/25/2022 1998 1341 N. Clyde Morris Boulevard Daytona Beach FL (A) 3,001 38,858 657 (1,762) 2,875 37,879 40,754 (1,614) 2/25/2022 2017 5000 North Ridge Trail Davenport FL (C) 4,001 52,290 — — 4,001 52,290 56,291 (2,764) 2/25/2022 2016 14001 Jetport Loop Ft. Myers FL (C) 5,902 25,616 — — 5,902 25,616 31,518 (1,354) 2/25/2022 2016 8411 Florida Mining Boulevard Tampa FL (C) 7,602 29,985 19 — 7,602 30,004 37,606 (1,852) 2/25/2022 2003 5101 West Waters Avenue Tampa FL (C) 3,101 12,134 157 — 3,101 12,291 15,392 (914) 2/25/2022 1997 3404 Cragmont Drive Tampa FL (C) 1,600 6,557 156 — 1,600 6,713 8,313 (485) 2/25/2022 1989 7569 Golf Course Boulevard Punta Gorda FL (C) — 6,042 — — — 6,042 6,042 (319) 2/25/2022 2007 1900 Interstate Boulevard Lakeland FL (C) 500 3,405 — — 500 3,405 3,905 (209) 2/25/2022 1993 2902 Gun Club Road Augusta GA (A) 1,200 9,861 41 (6,995) 441 3,666 4,107 (157) 2/25/2022 2004 1078 Bertram Road Augusta GA (A) 900 1,867 77 (1,374) 454 1,016 1,470 (76) 2/25/2022 1993 590 Northport Parkway Savannah GA (C) 16,905 66,945 — — 16,905 66,945 83,850 (3,537) 2/25/2022 2017 3150 Highway 42 Locust Grove GA (B) 9,803 109,420 40 — 9,805 109,458 119,263 (5,785) 2/25/2022 2020 Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 650 Braselton Parkway Braselton GA (B) 6,902 82,238 — — 6,902 82,238 89,140 (4,347) 2/25/2022 2018 700 Hudson Road Griffin GA (C) 900 20,442 243 — 900 20,685 21,585 (1,525) 2/25/2022 2002 505 Morgan Lakes Industrial Blvd. Savannah GA (C) 8,203 31,714 — — 8,203 31,714 39,917 (1,679) 2/25/2022 2018 2002 International Boulevard Augusta GA (D) 3,818 30,780 — — 3,818 30,780 34,598 (1,287) 7/14/2022 2022 2815 Kaihikapu Street Honolulu HI (E) 1,818 — 6 — 1,818 6 1,824 (2) 12/5/2003 — 609 Ahua Street Honolulu HI (E) 616 — — — 616 — 616 — 12/5/2003 — 2849 Kaihikapu Street Honolulu HI (E) 860 — — — 860 — 860 — 12/5/2003 — 709 Ahua Street Honolulu HI (E) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 2839 Kilihau Street Honolulu HI (E) 627 — — — 627 — 627 — 12/5/2003 — 2906 Kaihikapu Street Honolulu HI (E) 1,814 2 — — 1,814 2 1,816 (1) 12/5/2003 — 733 Mapunapuna Street Honolulu HI (E) 3,403 — — — 3,403 — 3,403 (2) 12/5/2003 — 2864 Awaawaloa Street Honolulu HI (E) 1,836 — — — 1,836 — 1,836 — 12/5/2003 — 2850 Awaawaloa Street Honolulu HI (E) 287 172 — — 287 172 459 (86) 12/5/2003 — 2806 Kaihikapu Street Honolulu HI (E) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 2838 Kilihau Street Honolulu HI (E) 4,262 — — — 4,262 — 4,262 — 12/5/2003 — 852 Mapunapuna Street Honolulu HI (E) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 812 Mapunapuna Street Honolulu HI (E) 1,960 25 626 — 2,611 — 2,611 — 12/5/2003 — 2969 Mapunapuna Street Honolulu HI (E) 4,038 15 — — 4,038 15 4,053 (11) 12/5/2003 — 855 Ahua Street Honolulu HI (E) 1,834 — — — 1,834 — 1,834 — 12/5/2003 — 2855 Kaihikapu Street Honolulu HI (E) 1,807 — — — 1,807 — 1,807 — 12/5/2003 — 865 Ahua Street Honolulu HI (E) 1,846 — 153 — 1,846 153 1,999 — 12/5/2003 — 719 Ahua Street Honolulu HI (E) 1,960 — — — 1,960 — 1,960 — 12/5/2003 — 759 Puuloa Road Honolulu HI (E) 1,766 3 (3) — 1,766 — 1,766 — 12/5/2003 — 770 Mapunapuna Street Honolulu HI (E) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 2915 Kaihikapu Street Honolulu HI (E) 2,579 — — — 2,579 — 2,579 — 12/5/2003 — 704 Mapunapuna Street Honolulu HI (E) 2,390 685 — — 2,390 685 3,075 (343) 12/5/2003 — 822 Mapunapuna Street Honolulu HI (E) 1,795 15 (15) — 1,795 — 1,795 — 12/5/2003 — 842 Mapunapuna Street Honolulu HI (E) 1,795 14 (14) — 1,795 — 1,795 — 12/5/2003 — 2839 Mokumoa Street Honolulu HI (E) 1,942 — — — 1,942 — 1,942 — 12/5/2003 — 2861 Mokumoa Street Honolulu HI (E) 3,867 — — — 3,867 — 3,867 — 12/5/2003 — 619 Mapunapuna Street Honolulu HI (E) 1,401 2 12 — 1,401 14 1,415 (4) 12/5/2003 — 2847 Awaawaloa Street Honolulu HI (E) 582 303 184 — 582 487 1,069 (189) 12/5/2003 — 2928 Kaihikapu Street - A Honolulu HI (E) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 2928 Kaihikapu Street - B Honolulu HI (E) 1,948 — — — 1,948 — 1,948 — 12/5/2003 — 850 Ahua Street Honolulu HI (E) 2,682 2 (2) — 2,682 — 2,682 — 12/5/2003 — 659 Ahua Street Honolulu HI (E) 860 20 (20) — 860 — 860 — 12/5/2003 — 2831 Awaawaloa Street Honolulu HI (E) 860 — — — 860 — 860 — 12/5/2003 — 2760 Kam Highway Honolulu HI (E) 703 — 191 — 703 191 894 (48) 12/5/2003 — 2965 Mokumoa Street Honolulu HI (E) 2,140 — — — 2,140 — 2,140 — 12/5/2003 — 2814 Kilihau Street Honolulu HI (E) 1,925 — — — 1,925 — 1,925 — 12/5/2003 — 2804 Kilihau Street Honolulu HI (E) 1,775 2 (2) — 1,775 — 1,775 — 12/5/2003 — Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 2833 Kilihau Street Honolulu HI (E) 601 — — — 601 — 601 — 12/5/2003 — 692 Mapunapuna Street Honolulu HI (E) 1,796 2 (2) — 1,796 — 1,796 — 12/5/2003 — 669 Ahua Street Honolulu HI (E) 1,801 14 123 — 1,801 137 1,938 (37) 12/5/2003 — 761 Ahua Street Honolulu HI (E) 3,757 2 338 — 3,757 340 4,097 (71) 12/5/2003 — 702 Ahua Street Honolulu HI (E) 1,784 3 (3) — 1,784 — 1,784 — 12/5/2003 — 645 Ahua Street Honolulu HI (E) 882 — 90 — 882 90 972 — 12/5/2003 — 675 Mapunapuna Street Honolulu HI (E) 1,081 — — — 1,081 — 1,081 — 12/5/2003 — 2858 Kaihikapu Street Honolulu HI (E) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 2857 Awaawaloa Street Honolulu HI (E) 983 — — — 983 — 983 — 12/5/2003 — 2812 Awaawaloa Street Honolulu HI (E) 1,801 3 (3) — 1,801 — 1,801 — 12/5/2003 — 2809 Kaihikapu Street Honolulu HI (E) 1,837 — — — 1,837 — 1,837 — 12/5/2003 — 803 Ahua Street Honolulu HI (E) 3,804 — — — 3,804 — 3,804 — 12/5/2003 — 2889 Mokumoa Street Honolulu HI (E) 1,783 5 (5) — 1,783 — 1,783 — 12/5/2003 — 819 Ahua Street Honolulu HI (E) 4,821 583 30 — 4,821 613 5,434 (307) 12/5/2003 — 830 Mapunapuna Street Honolulu HI (E) 1,801 25 (25) — 1,801 — 1,801 — 12/5/2003 — 2831 Kaihikapu Street Honolulu HI (E) 1,272 529 55 — 1,272 584 1,856 (288) 12/5/2003 — 2846-A Awaawaloa Street Honolulu HI (E) 2,181 954 — — 2,181 954 3,135 (478) 12/5/2003 — 2816 Awaawaloa Street Honolulu HI (E) 1,009 27 — — 1,009 27 1,036 (14) 12/5/2003 — 673 Ahua Street Honolulu HI (E) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 697 Ahua Street Honolulu HI (E) 994 811 (4) — 994 807 1,801 (405) 12/5/2003 — 808 Ahua Street Honolulu HI (E) 3,279 — — — 3,279 — 3,279 — 12/5/2003 — 659 Puuloa Road Honolulu HI (E) 1,807 — — — 1,807 — 1,807 — 12/5/2003 — 666 Mapunapuna Street Honolulu HI (E) 860 2 (2) — 860 — 860 — 12/5/2003 — 679 Puuloa Road Honolulu HI (E) 1,807 3 (3) — 1,807 — 1,807 — 12/5/2003 — 673 Mapunapuna Street Honolulu HI (E) 1,801 20 (20) — 1,801 — 1,801 — 12/5/2003 — 2827 Kaihikapu Street Honolulu HI (E) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 2826 Kaihikapu Street Honolulu HI (E) 3,921 — — — 3,921 — 3,921 — 12/5/2003 — 685 Ahua Street Honolulu HI (E) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 2844 Kaihikapu Street Honolulu HI (E) 1,960 14 62 — 1,960 76 2,036 — 12/5/2003 — 789 Mapunapuna Street Honolulu HI (E) 2,608 3 (3) — 2,608 — 2,608 — 12/5/2003 — 2808 Kam Highway Honolulu HI (E) 310 — — — 310 — 310 — 12/5/2003 — 2815 Kilihau Street Honolulu HI (E) 287 — — — 287 — 287 — 12/5/2003 — 2821 Kilihau Street Honolulu HI (E) 287 — — — 287 — 287 — 12/5/2003 — 2829 Kilihau Street Honolulu HI (E) 287 — — — 287 — 287 — 12/5/2003 — 2819 Mokumoa Street - A Honolulu HI (E) 1,821 — — — 1,821 — 1,821 — 12/5/2003 — 2819 Mokumoa Street - B Honolulu HI (E) 1,816 — — — 1,816 — 1,816 — 12/5/2003 — 2879 Mokumoa Street Honolulu HI (E) 1,789 — — — 1,789 — 1,789 — 12/5/2003 — 2927 Mokumoa Street Honolulu HI (E) 1,778 — — — 1,778 — 1,778 — 12/5/2003 — 2833 Paa Street #2 Honolulu HI (E) 1,675 — — — 1,675 — 1,675 — 12/5/2003 — 855 Mapunapuna Street Honolulu HI (E) 3,265 — — — 3,265 — 3,265 — 12/5/2003 — 2829 Awaawaloa Street Honolulu HI (E) 1,720 2 82 — 1,720 84 1,804 — 12/5/2003 — Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 766 Mapunapuna Street Honolulu HI (E) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 2908 Kaihikapu Street Honolulu HI (E) 1,798 23 (11) — 1,798 12 1,810 (4) 12/5/2003 — 729 Ahua Street Honolulu HI (E) 1,801 — 18 — 1,801 18 1,819 — 12/5/2003 — 739 Ahua Street Honolulu HI (E) 1,801 — 18 — 1,801 18 1,819 — 12/5/2003 — 2868 Kaihikapu Street Honolulu HI (E) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 660 Ahua Street Honolulu HI (E) 1,783 4 45 — 1,783 49 1,832 — 12/5/2003 — 2869 Mokumoa Street Honolulu HI (E) 1,794 — — — 1,794 — 1,794 — 12/5/2003 — 2836 Awaawaloa Street Honolulu HI (E) 1,353 — — — 1,353 — 1,353 — 12/5/2003 — 113 Puuhale Road Honolulu HI (E) 3,729 — — — 3,729 — 3,729 — 12/5/2003 — 2140 Kaliawa Street Honolulu HI (E) 931 — — — 931 — 931 — 12/5/2003 — 165 Sand Island Access Road Honolulu HI (E) 758 — — — 758 — 758 — 12/5/2003 — 2106 Kaliawa Street Honolulu HI (E) 1,568 — 228 — 1,568 228 1,796 (144) 12/5/2003 — 140 Puuhale Road Honolulu HI (E) 1,100 — 41 — 1,100 41 1,141 (15) 12/5/2003 — 2020 Auiki Street Honolulu HI (E) 2,385 — — — 2,385 — 2,385 — 12/5/2003 — 2103 Kaliawa Street Honolulu HI (E) 3,212 — — — 3,212 — 3,212 — 12/5/2003 — 1926 Auiki Street Honolulu HI (E) 2,872 — 1,722 — 2,872 1,722 4,594 (772) 12/5/2003 1959 1931 Kahai Street Honolulu HI (E) 3,779 — — — 3,779 — 3,779 — 12/5/2003 — 215 Puuhale Road Honolulu HI (E) 2,117 — — — 2,117 — 2,117 — 12/5/2003 — 207 Puuhale Road Honolulu HI (E) 2,024 — — — 2,024 — 2,024 — 12/5/2003 — 125 Puuhale Road Honolulu HI (E) 1,630 — — — 1,630 — 1,630 — 12/5/2003 — 125B Puuhale Road Honolulu HI (E) 2,815 — — — 2,815 — 2,815 — 12/5/2003 — 2001 Kahai Street Honolulu HI (E) 1,091 — — — 1,091 — 1,091 — 12/5/2003 — 2110 Auiki Street Honolulu HI (E) 837 — — — 837 — 837 — 12/5/2003 — 142 Mokauea Street Honolulu HI (E) 2,182 — 1,576 — 2,182 1,576 3,758 (593) 12/5/2003 1972 2139 Kaliawa Street Honolulu HI (E) 885 — — — 885 — 885 — 12/5/2003 — 2122 Kaliawa Street Honolulu HI (E) 1,365 — — — 1,365 — 1,365 — 12/5/2003 — 148 Mokauea Street Honolulu HI (E) 3,476 — — — 3,476 — 3,476 — 12/5/2003 — 151 Puuhale Road Honolulu HI (E) 1,956 — 48 — 1,956 48 2,004 (4) 12/5/2003 — 2127 Auiki Street Honolulu HI (E) 2,906 — 67 — 2,906 67 2,973 (42) 12/5/2003 — 2144 Auiki Street Honolulu HI (E) 2,640 — 7,594 — 2,640 7,594 10,234 (3,197) 12/5/2003 1953 179 Sand Island Access Road Honolulu HI (E) 2,480 — — — 2,480 — 2,480 — 12/5/2003 — 106 Puuhale Road Honolulu HI (E) 1,113 — 302 — 1,113 302 1,415 (128) 12/5/2003 1966 120 Mokauea Street Honolulu HI (E) 1,953 — 1,106 — 1,953 1,106 3,059 (273) 12/5/2003 1970 120B Mokauea Street Honolulu HI (E) 1,953 — 16 — 1,953 16 1,969 (1) 12/5/2003 1970 231 Sand Island Access Road Honolulu HI (E) 752 — — — 752 — 752 — 12/5/2003 — 231B Sand Island Access Road Honolulu HI (E) 1,539 — — — 1,539 — 1,539 — 12/5/2003 — 220 Puuhale Road Honolulu HI (E) 2,619 — — — 2,619 — 2,619 — 12/5/2003 — 150 Puuhale Road Honolulu HI (E) 4,887 — — — 4,887 — 4,887 — 12/5/2003 — 197 Sand Island Access Road Honolulu HI (E) 1,238 — — — 1,238 — 1,238 — 12/5/2003 — 2019 Kahai Street Honolulu HI (E) 1,377 — — — 1,377 — 1,377 — 12/5/2003 — 2344 Pahounui Drive Honolulu HI (E) 6,709 — — — 6,709 — 6,709 — 12/5/2003 — Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 238 Sand Island Access Road Honolulu HI (E) 2,273 — — — 2,273 — 2,273 — 12/5/2003 — 2308 Pahounui Drive Honolulu HI (E) 3,314 — — — 3,314 — 3,314 — 12/5/2003 — 2135 Auiki Street Honolulu HI (E) 825 — — — 825 — 825 — 12/5/2003 — 218 Mohonua Place Honolulu HI (E) 1,741 — — — 1,741 — 1,741 — 12/5/2003 — 180 Sand Island Access Road Honolulu HI (E) 1,655 — — — 1,655 — 1,655 — 12/5/2003 — 2250 Pahounui Drive Honolulu HI (E) 3,862 — — — 3,862 — 3,862 — 12/5/2003 — 158 Sand Island Access Road Honolulu HI (E) 2,488 — — — 2,488 — 2,488 — 12/5/2003 — 2264 Pahounui Drive Honolulu HI (E) 1,632 — — — 1,632 — 1,632 — 12/5/2003 — 2276 Pahounui Drive Honolulu HI (E) 1,619 — — — 1,619 — 1,619 — 12/5/2003 — 204 Sand Island Access Road Honolulu HI (E) 1,689 — — — 1,689 — 1,689 — 12/5/2003 — 228 Mohonua Place Honolulu HI (E) 1,865 — — — 1,865 — 1,865 — 12/5/2003 — 212 Mohonua Place Honolulu HI (E) 1,067 — — — 1,067 — 1,067 — 12/5/2003 — 214 Sand Island Access Road Honolulu HI (E) 1,864 — 593 — 1,864 593 2,457 (194) 12/5/2003 1981 2879 Paa Street Honolulu HI (E) 1,691 — 45 — 1,691 45 1,736 (17) 12/5/2003 — 2833 Paa Street Honolulu HI (E) 1,701 — — — 1,701 — 1,701 — 12/5/2003 — 1055 Ahua Street Honolulu HI (E) 1,216 — — — 1,216 — 1,216 — 12/5/2003 — 2875 Paa Street Honolulu HI (E) 1,330 — — — 1,330 — 1,330 — 12/5/2003 — 1000 Mapunapuna Street Honolulu HI (E) 2,252 — — — 2,252 — 2,252 — 12/5/2003 — 2850 Paa Street Honolulu HI (E) 22,827 — — — 22,827 — 22,827 — 12/5/2003 — 2828 Paa Street Honolulu HI (E) 12,448 — — — 12,448 — 12,448 — 12/5/2003 — 1045 Mapunapuna Street Honolulu HI (E) 819 — — — 819 — 819 — 12/5/2003 — 1122 Mapunapuna Street Honolulu HI (E) 5,781 — — — 5,781 — 5,781 — 12/5/2003 — 2810 Paa Street Honolulu HI (E) 3,340 — — — 3,340 — 3,340 — 12/5/2003 — 2886 Paa Street Honolulu HI (E) 2,205 — — — 2,205 — 2,205 — 12/5/2003 — 2810 Pukoloa Street Honolulu HI (E) 27,699 — — — 27,699 — 27,699 — 12/5/2003 — 1052 Ahua Street Honolulu HI (E) 1,703 — 240 — 1,703 240 1,943 (110) 12/5/2003 — 1024 Mapunapuna Street Honolulu HI (E) 1,385 — — — 1,385 — 1,385 — 12/5/2003 — 1030 Mapunapuna Street Honolulu HI (E) 5,655 — — — 5,655 — 5,655 — 12/5/2003 — 1001 Ahua Street Honolulu HI (E) 15,155 3,312 91 — 15,155 3,403 18,558 (1,694) 12/5/2003 — 944 Ahua Street Honolulu HI (E) 1,219 — — — 1,219 — 1,219 — 12/5/2003 — 918 Ahua Street Honolulu HI (E) 3,820 — — — 3,820 — 3,820 — 12/5/2003 — 2864 Mokumoa Street Honolulu HI (E) 2,092 — — — 2,092 — 2,092 — 12/5/2003 — 1050 Kikowaena Place Honolulu HI (E) 1,404 873 — — 1,404 873 2,277 (438) 12/5/2003 — 949 Mapunapuna Street Honolulu HI (E) 11,568 — — — 11,568 — 11,568 — 12/5/2003 — 2855 Pukoloa Street Honolulu HI (E) 1,934 — — — 1,934 — 1,934 — 12/5/2003 — 2865 Pukoloa Street Honolulu HI (E) 1,934 — — — 1,934 — 1,934 — 12/5/2003 — 2850 Mokumoa Street Honolulu HI (E) 2,143 — — — 2,143 — 2,143 — 12/5/2003 — 905 Ahua Street Honolulu HI (E) 1,148 — — — 1,148 — 1,148 — 12/5/2003 — 1150 Kikowaena Street Honolulu HI (E) 2,445 — — — 2,445 — 2,445 — 12/5/2003 — 960 Ahua Street Honolulu HI (E) 614 — — — 614 — 614 — 12/5/2003 — 1062 Kikowaena Place Honolulu HI (E) 1,049 598 183 — 1,049 781 1,830 (310) 12/5/2003 — Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 2829 Pukoloa Street Honolulu HI (E) 2,088 — — — 2,088 — 2,088 — 12/5/2003 — 2841 Pukoloa Street Honolulu HI (E) 2,088 — — — 2,088 — 2,088 — 12/5/2003 — 2819 Pukoloa Street Honolulu HI (E) 2,090 — 34 — 2,090 34 2,124 (13) 12/5/2003 — 950 Mapunapuna Street Honolulu HI (E) 1,724 — — — 1,724 — 1,724 — 12/5/2003 — 960 Mapunapuna Street Honolulu HI (E) 1,933 — — — 1,933 — 1,933 — 12/5/2003 — 930 Mapunapuna Street Honolulu HI (E) 3,654 — — — 3,654 — 3,654 — 12/5/2003 — 1038 Kikowaena Place Honolulu HI (E) 2,576 — — — 2,576 — 2,576 — 12/5/2003 — 1024 Kikowaena Place Honolulu HI (E) 1,818 — — — 1,818 — 1,818 — 12/5/2003 — 2970 Mokumoa Street Honolulu HI (E) 1,722 — — — 1,722 — 1,722 — 12/5/2003 — 970 Ahua Street Honolulu HI (E) 817 — — — 817 — 817 — 12/5/2003 — 2840 Mokumoa Street Honolulu HI (E) 2,149 — — — 2,149 — 2,149 — 12/5/2003 — 2830 Mokumoa Street Honolulu HI (E) 2,146 — — — 2,146 — 2,146 — 12/5/2003 — 1027 Kikowaena Place Honolulu HI (E) 5,444 — — — 5,444 — 5,444 — 12/5/2003 — 2960 Mokumoa Street Honolulu HI (E) 1,977 — — — 1,977 — 1,977 — 12/5/2003 — 80 Sand Island Access Road Honolulu HI (E) 7,972 — — — 7,972 — 7,972 — 12/5/2003 — 94-240 Pupuole Street Waipahu HI (E) 717 — — — 717 — 717 — 12/5/2003 — 525 N. King Street Honolulu HI (E) 1,342 — — — 1,342 — 1,342 — 12/5/2003 — 1360 Pali Highway Honolulu HI (E) 9,170 — 59 — 9,170 59 9,229 (51) 12/5/2003 — 1330 Pali Highway Honolulu HI (E) 1,423 — — — 1,423 — 1,423 — 12/5/2003 — 33 S. Vineyard Boulevard Honolulu HI (E) 844 — — — 844 — 844 — 12/5/2003 — 848 Ala Lilikoi Street Honolulu HI (E) 9,426 — — — 9,426 — 9,426 — 12/5/2003 — 846 Ala Lilikoi Street Honolulu HI (E) 234 — — — 234 — 234 — 12/5/2003 — 2635 Waiwai Loop A Honolulu HI (E) 934 350 683 — 934 1,033 1,967 (411) 12/5/2003 — 2635 Waiwai Loop B Honolulu HI (E) 1,177 105 682 — 1,177 787 1,964 (288) 12/5/2003 — 120 Sand Island Access Road Honolulu HI (E) 1,132 11,307 1,798 — 1,132 13,105 14,237 (5,957) 11/23/2004 2004 91-222 Olai Kapolei HI (A) 2,035 — 77 — 2,035 77 2,112 (7) 6/15/2005 — 91-265 Hanua Kapolei HI (A) 1,569 — — — 1,569 — 1,569 — 6/15/2005 — 91-255 Hanua Kapolei HI (A) 1,230 — 35 — 1,230 35 1,265 (11) 6/15/2005 — 91-241 Kalaeloa Kapolei HI (A) 426 3,983 883 — 426 4,866 5,292 (2,135) 6/15/2005 1990 91-141 Kalaeloa Kapolei HI (A) 11,624 — — — 11,624 — 11,624 — 6/15/2005 — 91-250 Komohana Kapolei HI (A) 1,506 — — — 1,506 — 1,506 — 6/15/2005 — 91-202 Kalaeloa Kapolei HI (A) 1,722 — 326 — 1,722 326 2,048 (86) 6/15/2005 1964 91-080 Hanua Kapolei HI (A) 2,187 — — — 2,187 — 2,187 — 6/15/2005 — 91-027 Kaomi Loop Kapolei HI (A) 2,667 — — — 2,667 — 2,667 — 6/15/2005 — 91-185 Kalaeloa Kapolei HI (A) 1,761 — 81 — 1,761 81 1,842 (6) 6/15/2005 — 91-329 Kauhi Kapolei HI (A) 294 2,297 2,825 — 294 5,122 5,416 (2,376) 6/15/2005 1980 91-399 Kauhi Kapolei HI (A) 27,405 — — — 27,405 — 27,405 — 6/15/2005 — 91-086 Kaomi Loop Kapolei HI N/A 13,884 — — — 13,884 — 13,884 — 6/15/2005 — 91-349 Kauhi Kapolei HI (A) 649 — — — 649 — 649 — 6/15/2005 — 91-400 Komohana Kapolei HI (A) 1,494 — — — 1,494 — 1,494 — 6/15/2005 — 91-174 Olai Kapolei HI (A) 962 — 47 — 962 47 1,009 (31) 6/15/2005 — Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 91-218 Olai Kapolei HI (A) 1,622 — 62 — 1,622 62 1,684 (38) 6/15/2005 — 91-175 Olai Kapolei HI (A) 1,243 — 87 — 1,243 87 1,330 (41) 6/15/2005 — 91-210 Olai Kapolei HI (A) 706 — — — 706 — 706 — 6/15/2005 — 91-087 Hanua Kapolei HI (A) 381 — — — 381 — 381 — 6/15/2005 — 91-083 Hanua Kapolei HI (A) 716 — — — 716 — 716 — 6/15/2005 — 91-091 Hanua Kapolei HI (A) 552 — — — 552 — 552 — 6/15/2005 — 91-220 Kalaeloa Kapolei HI (A) 242 1,457 292 — 242 1,749 1,991 (730) 6/15/2005 1991 91-252 Kauhi Kapolei HI (A) 536 — — — 536 — 536 — 6/15/2005 — 91-259 Olai Kapolei HI (A) 2,944 — — — 2,944 — 2,944 — 6/15/2005 — 91-238 Kauhi Kapolei HI (A) 1,390 — 9,495 — 1,390 9,495 10,885 (3,855) 6/15/2005 1981 91-416 Komohana Kapolei HI (A) 713 — 11 — 713 11 724 (7) 6/15/2005 — 91-410 Komohana Kapolei HI (A) 418 — 12 — 418 12 430 (7) 6/15/2005 — 91-300 Hanua Kapolei HI (A) 1,381 — 18 — 1,381 18 1,399 (3) 6/15/2005 1994 91-171 Olai Kapolei HI (A) 218 — 13 — 218 13 231 (10) 6/15/2005 — 91-210 Kauhi Kapolei HI (A) 567 — 679 — 567 679 1,246 (104) 6/15/2005 1990 91-110 Kaomi Loop Kapolei HI (A) 1,293 — — — 1,293 — 1,293 — 6/15/2005 — 91-102 Kaomi Loop Kapolei HI (A) 1,599 — — — 1,599 — 1,599 — 6/15/2005 — 91-064 Kaomi Loop Kapolei HI (A) 1,826 — — — 1,826 — 1,826 — 6/15/2005 — 91-119 Olai Kapolei HI (A) 1,981 — — — 1,981 — 1,981 — 6/15/2005 — 91-150 Kaomi Loop Kapolei HI (A) 3,159 — — — 3,159 — 3,159 — 6/15/2005 — Texaco Easement Kapolei HI N/A 2,657 — — — 2,657 — 2,657 — 6/15/2005 — Tesaro 967 Easement Kapolei HI N/A 6,593 — — — 6,593 — 6,593 — 6/15/2005 — AES HI Easement Kapolei HI N/A 1,250 — — — 1,250 — 1,250 — 6/15/2005 — Other Easements & Lots Kapolei HI N/A 358 — 1,437 — 358 1,437 1,795 (765) 6/15/2005 — 889 Ahua Street Honolulu HI (E) 5,888 315 — — 5,888 315 6,203 (87) 11/21/2012 — 951 Trails Road Eldridge IA (F) 470 7,480 2,301 — 471 9,780 10,251 (3,682) 4/2/2007 1994 2300 North 33rd Avenue East Newton IA (A) 500 13,236 58 — 500 13,294 13,794 (5,078) 9/29/2008 2008 3425 Maple Drive Fort Dodge IA (A) 100 2,000 — — 100 2,000 2,100 (270) 4/9/2019 2014 4401 112th Street Urbandale IA (C) 800 3,117 — — 800 3,117 3,917 (288) 2/25/2022 1985 7121 South Fifth Avenue Pocatello ID (A) 400 4,201 615 — 400 4,816 5,216 (1,035) 1/29/2015 2007 2580 Technology Drive Elgin IL (A) 1,500 9,068 16 (3,053) 1,067 6,464 7,531 (496) 2/25/2022 2001 5795 Logistics Parkway Rockford IL (A) 400 3,368 — (688) 327 2,753 3,080 (139) 2/25/2022 1998 1602 Vincent Drive Sauget IL (C) 1,400 27,028 444 — 1,400 27,472 28,872 (1,482) 2/25/2022 2014 6 Konzen Court Granite City IL (C) 900 20,268 375 — 900 20,643 21,543 (1,891) 2/25/2022 2001 1000 Knell Road Montgomery IL (C) 2,101 19,258 34 — 2,101 19,292 21,393 (1,426) 2/25/2022 2000 1430 South Wolf Road Wheeling IL (C) 4,702 19,641 — — 4,702 19,641 24,343 (1,038) 2/25/2022 2003 1270 North Wilkening Schaumburg IL (C) 2,801 7,733 23 — 2,801 7,756 10,557 (715) 2/25/2022 1996 4472 Technology Drive Rockford IL (C) 400 5,912 — — 400 5,912 6,312 (365) 2/25/2022 2011 7019 High Grove Boulevard Burr Ridge IL (C) 800 1,090 — — 800 1,090 1,890 (67) 2/25/2022 1997 1230 West 171st Street Harvey IL (A) 800 1,673 266 — 800 1,939 2,739 (378) 1/29/2015 2004 5156 American Road Rockford IL (A) 400 1,529 348 — 400 1,877 2,277 (469) 1/29/2015 1996 Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 9215-9347 E Pendleton Pike Lawrence IN (A) 3,763 34,877 — — 3,763 34,877 38,640 (4,864) 2/14/2019 2009 6825 West County Road 400 North Greenfield IN (F) 918 14,300 1,009 — 918 15,309 16,227 (2,234) 2/14/2019 2008 900 Commerce Parkway West Drive Greenwood IN (F) 1,483 16,253 701 — 1,483 16,954 18,437 (2,278) 2/14/2019 2007 2482 Century Drive Goshen IN (A) 840 9,061 — — 840 9,061 9,901 (1,224) 4/9/2019 2005 3201 Bearing Drive Franklin IN (F) 1,100 15,403 (1) — 1,100 15,402 16,502 (2,427) 4/9/2019 1973 482 Chaney Avenue Greenwood IN (C) 2,401 55,810 — — 2,401 55,810 58,211 (3,441) 2/25/2022 2014 1151 South Graham Road Greenwood IN (B) 7,002 108,700 145 — 7,002 108,845 115,847 (5,750) 2/25/2022 2019 5440 Haggerty Lane Lafayette IN (C) 3,601 31,058 18 — 3,601 31,076 34,677 (1,644) 2/25/2022 2019 8951 Mirabel Road Indianapolis IN (C) 3,001 36,978 — — 3,001 36,978 39,979 (1,955) 2/25/2022 2014 17001 West Mercury Street Gardner KS (F) 5,741 32,701 400 — 5,740 33,102 38,842 (2,505) 12/30/2020 2018 435 SE 70th Street Topeka KS (A) — 3,563 120 (594) — 3,089 3,089 (169) 2/25/2022 2006 22525 West 167th Street Olathe KS (C) 4,301 52,183 (1) — 4,301 52,182 56,483 (2,758) 2/25/2022 2016 2552 South 98th Street Edwardsville KS (C) 3,601 20,988 — — 3,601 20,988 24,589 (1,294) 2/25/2022 2013 2701 South 98th Street Edwardsville KS (C) 2,701 10,998 400 — 2,701 11,398 14,099 (824) 2/25/2022 2001 1985 International Way Hebron KY (A) 1,453 8,546 1,621 — 1,453 10,167 11,620 (1,725) 2/14/2019 1997 2311 South Park Road Louisville KY (A) 1,600 13,119 — — 1,600 13,119 14,719 (692) 2/25/2022 2016 1509 Leestown Road Frankfort KY (C) 4,801 38,708 — — 4,801 38,708 43,509 (2,388) 2/25/2022 2014 4555 West Highway 146 Buckner KY (C) 3,201 39,977 — — 3,201 39,977 43,178 (2,465) 2/25/2022 2013 450 Northpointe Court Covington LA (C) 1,300 26,883 — — 1,300 26,883 28,183 (1,421) 2/25/2022 2015 209 South Bud Street Lafayette LA (A) 700 4,549 42 — 701 4,590 5,291 (1,026) 1/29/2015 2010 17200 Manchac Park Lane Baton Rouge LA (A) 1,700 8,860 151 — 1,700 9,011 10,711 (1,975) 1/29/2015 2014 11900 Trolley Lane Beltsville MD (A) 8,203 23,095 179 (1,243) 7,877 22,357 30,234 (1,124) 2/25/2022 2000 4000 Principio Parkway North East MD (F) 4,200 71,518 847 — 4,200 72,365 76,565 (16,113) 1/29/2015 2012 3466 Shippers Drive Walker MI (C) 4,902 29,780 144 — 4,902 29,924 34,826 (1,580) 2/25/2022 2016 1601 Brown Road Orion MI (C) 4,701 57,812 721 — 4,701 58,533 63,234 (3,178) 2/25/2022 2006 38401 Amrhein Road Livonia MI (C) 1,400 14,778 — — 1,400 14,778 16,178 (911) 2/25/2022 1999 28000 Five M Center Drive Romulus MI (C) 300 8,530 182 — 300 8,712 9,012 (553) 2/25/2022 1997 3800 Midlink Drive Kalamazoo MI (A) 2,630 40,599 — — 2,630 40,599 43,229 (9,051) 1/29/2015 2014 10100 89th Avenue N Maple Grove MN (F) 3,469 21,284 868 — 3,469 22,152 25,621 (3,271) 10/16/2018 2015 2427 Henry Road NW Stewartville MN (C) 1,300 3,145 13 — 1,300 3,158 4,458 (195) 2/25/2022 2013 2401 Cram Avenue SE Bemidji MN (A) 100 2,137 — — 100 2,137 2,237 (476) 1/29/2015 2013 5501 Providence Hill Drive St. Joseph MO (A) 400 3,500 24 — 400 3,524 3,924 (487) 4/9/2019 2014 3502 Enterprise Avenue Joplin MO (A) 1,380 12,121 34 — 1,380 12,155 13,535 (1,636) 4/9/2019 2014 5703 Mitchell Avenue St. Joseph MO (C) 1,600 19,085 438 — 1,600 19,523 21,123 (1,823) 2/25/2022 2000 10551 N Congress Avenue Kansas City MO (C) 600 13,538 — — 600 13,538 14,138 (716) 2/25/2022 2014 831 Lone Star Drive O'Fallon MO (C) 1,200 7,304 — — 1,200 7,304 8,504 (541) 2/25/2022 1989 2901 E Heartland Drive Liberty MO (C) 1,100 6,886 — — 1,100 6,886 7,986 (511) 2/25/2022 1997 110 Stanbury Industrial Drive Brookfield MO (A) 200 1,859 — (546) 183 1,330 1,513 3 1/29/2015 2012 12385 Crossroad Drive Olive Branch MS (D) 3,301 61,763 — — 3,301 61,763 65,064 (3,810) 2/25/2022 2012 8644 Polk Lane Olive Branch MS (C) 900 20,171 318 — 901 20,488 21,389 (1,115) 2/25/2022 2011 440 US Highway 49 South Richland MS (C) 200 2,329 3 — 200 2,332 2,532 (216) 2/25/2022 1986 Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 105 Business Park Drive Ridgeland MS (C) 500 1,949 8 — 500 1,957 2,457 (179) 2/25/2022 1988 590 Assembly Court Fayetteville NC (A) 700 9,410 1 (2,328) 540 7,243 7,783 (441) 2/25/2022 1996 4350 Fortune Ave NW Concord NC (C) 4,401 53,085 — — 4,401 53,085 57,486 (2,806) 2/25/2022 2017 4690 Global Avenue NW Concord NC (C) 4,601 45,793 — — 4,601 45,793 50,394 (2,420) 2/25/2022 2015 6538 & 6526 Judge Adams Road Whitsett NC (B) 2,501 46,343 — — 2,501 46,343 48,844 (2,450) 2/25/2022 2019 4040 Business Park Court Winston Salem NC (C) 800 8,411 260 — 800 8,671 9,471 (530) 2/25/2022 2001 3900 NE 6th Street Minot ND (A) 700 3,223 — — 700 3,223 3,923 (719) 1/29/2015 2013 7130 Q Street Omaha NE (A) 1,600 7,390 1 (2,138) 1,220 5,633 6,853 (343) 2/25/2022 1997 1415 West Commerce Way Lincoln NE (A) 2,200 8,518 388 — 2,200 8,906 11,106 (2,035) 1/29/2015 1971 52 Pettengill Road Londonderry NH (F) 5,871 43,335 7 — 5,871 43,342 49,213 (5,857) 4/9/2019 2015 1135 Easton Avenue Franklin Township NJ N/A 3,601 5,564 — — 3,601 5,564 9,165 (515) 2/25/2022 1969 584 US Highway 130 Trenton NJ (B) 70,422 62,639 — — 70,422 62,639 133,061 (3,311) 2/25/2022 2017 725 Darlington Avenue Mahwah NJ (F) 8,492 9,451 1,877 — 8,492 11,328 19,820 (2,903) 4/9/2014 1999 309 Dulty's Lane Burlington NJ (F) 1,600 51,400 — — 1,600 51,400 53,000 (11,458) 1/29/2015 2001 7000 West Post Road Las Vegas NV (F) 4,230 13,472 246 — 4,230 13,718 17,948 (2,212) 4/9/2019 2010 2375 East Newlands Road Fernley NV (A) 1,100 17,314 286 — 1,100 17,600 18,700 (3,970) 1/29/2015 2007 158 West Yard Road Feura Bush NY (A) 1,870 7,931 477 — 1,869 8,409 10,278 (1,882) 4/9/2019 1989 3779 Lake Shore Road Hamburg NY (C) 2,701 38,186 30 — 2,701 38,216 40,917 (2,021) 2/25/2022 2016 1289 Walden Avenue Cheektowaga NY (C) 600 6,314 390 — 600 6,704 7,304 (618) 2/25/2022 2001 4 Liebich Lane Halfmoon NY (C) 400 8,521 13 — 400 8,534 8,934 (450) 2/25/2022 2011 55 Commerce Avenue Albany NY (A) 1,000 10,105 492 — 1,000 10,597 11,597 (2,321) 1/29/2015 2013 32150 Just Imagine Drive Avon OH (A) 2,200 23,280 — — 2,200 23,280 25,480 (8,488) 5/29/2009 1996 1580, 1590 & 1600 Williams Road Columbus OH (A) 2,060 29,143 361 — 2,060 29,504 31,564 (4,593) 4/9/2019 1992 7303 Rickenbacker Parkway West Columbus OH (F) 1,491 27,407 3 — 1,494 27,407 28,901 (1,979) 6/21/2021 2020 3245 Henry Road and 3185 Columbia Road Richfield OH (A) 2,499 21,640 — — 2,499 21,640 24,139 (1,333) 2/25/2022 2005 8341 Industrial Parkway Plain City OH (B) 6,702 97,563 — — 6,702 97,563 104,265 (5,157) 2/25/2022 2020 201 Exploration Drive Monroe OH (D) 1,801 38,868 — — 1,801 38,868 40,669 (2,054) 2/25/2022 2014 9780 Mopar Drive Streetsboro OH (C) 2,701 26,021 736 — 2,701 26,757 29,458 (1,702) 2/25/2022 2011 2465 Fontaine Street Kenton OH (C) 1,000 19,323 — — 1,000 19,323 20,323 (1,021) 2/25/2022 2017 4651 Prosper Drive Stow OH (C) 1,400 30,772 — — 1,400 30,772 32,172 (1,627) 2/25/2022 2017 747 Mill Park Drive Lancaster OH (C) 1,400 17,609 — — 1,400 17,609 19,009 (931) 2/25/2022 2019 9667 Inter-Ocean Drive West Chester Twp. OH (C) 1,300 10,880 — — 1,300 10,880 12,180 (805) 2/25/2022 1999 5313 Majestic Parkway Bedford Heights OH (C) 1,100 8,107 138 — 1,100 8,245 9,345 (755) 2/25/2022 1998 1115 Regina Graeter Way Cincinnati OH (C) 700 7,908 — — 700 7,908 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Pay vs Performance Disclosure | |||
Net (loss) income attributable to common shareholders | $ (107,989) | $ (226,723) | $ 119,682 |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended |
Dec. 31, 2023 | |
Trading Arrangements, by Individual | |
Rule 10b5-1 Arrangement Adopted | false |
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation. |
Consolidation | Consolidation. We consolidate entities in which we have a controlling financial interest. In determining whether we have a controlling financial interest in a partially owned entity and the requirement to consolidate the accounts of that entity, we consider whether the entity is a variable interest entity, or VIE, in which we are the primary beneficiary or whether the entity is a voting interest entity in which we have a majority of the voting interests of the entity. We are deemed to be the primary beneficiary of a VIE when we have the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and the obligation to absorb losses or receive benefits that could potentially be significant to the VIE. We generally do not control an entity if the approval of all of the partners/members is contractually required with respect to decisions that most significantly impact the performance of the entity. This includes decisions regarding operating and capital budgets and the placement of new or additional financing secured by the assets of the venture, among others. |
Use of Estimates | Use of Estimates. Preparation of these financial statements in conformity with U.S. generally accepted accounting principles, or GAAP, requires us to make estimates and assumptions that may affect the amounts reported in these consolidated financial statements and related notes. |
Real Estate Properties | Real Estate Properties. We record properties at cost. Our real estate investments in lands are not depreciated. We calculate depreciation on other real estate investments on a straight line basis over estimated useful lives generally ranging from seven We allocate a portion of the purchase price to above market and below market leases based on the present value (using a discount rate which reflects the risks associated with acquired in-place leases at the time each property was acquired by us) of the difference, if any, between (i) the contractual amounts to be paid pursuant to the acquired in-place leases and (ii) our estimates of fair market lease rates for the corresponding leases, measured over a period equal to the terms of the respective leases. The terms of below market leases that include bargain renewal options, if any, are further adjusted if we determine renewal to be probable. We allocate a portion of the purchase price to acquired in-place leases and tenant relationships based upon market estimates of the costs to lease up the property. In determining these allocations, we estimate costs during the expected lease up periods, including carrying costs such as real estate taxes, insurance and other operating income and expenses and costs, and costs including leasing commissions, legal and other related expenses and costs to execute similar leases in current market conditions at the time a property was acquired by us. We allocate this aggregate value, which we refer to as lease origination value, between acquired in-place lease values and tenant relationships based on our evaluation of the specific characteristics of each tenant’s lease. However, we have not separated the value of tenant relationships from the value of acquired in-place leases because such value and related amortization expense is immaterial to our consolidated financial statements. If the value of tenant relationships becomes material in the future, we may separately allocate those amounts and amortize the allocated amount over the estimated life of the relationships. Certain of our industrial lands in Hawaii may require environmental remediation, especially if the use of those lands is changed; however, we do not have any present plans to change the use of those lands or to undertake this environmental cleanup. As of December 31, 2023 and 2022, accrued environmental remediation costs of $6,775 and $6,940, respectively, were included in accounts payable and other liabilities in our consolidated balance sheets. These accrued environmental remediation costs relate to maintenance of our properties for current uses, and, because of the indeterminable timing of the remediation, these amounts have not been discounted to present value. In general, we do not have any insurance designated to limit any losses that we may incur as a result of known or unknown environmental conditions which are not caused by an insured event, such as, for example, fire or flood, although some of our tenants may maintain such insurance that may benefit us. Although we do not believe that there are environmental conditions at any of our properties that will have a material adverse effect on us, we cannot be sure that such conditions are not present at our properties or that costs we incur to remediate contamination will not have a material adverse effect on our business or financial condition. Charges for environmental remediation costs, if any, are included in other operating expenses in our consolidated statements of comprehensive income (loss). |
Deferred Leasing Costs | Deferred Leasing Costs. |
Debt Issuance Costs | Debt Issuance Costs. |
Impairments | Impairments. We regularly evaluate whether events or changes in circumstances have occurred that could indicate an impairment in the value of long lived assets. Impairment indicators may include declining tenant occupancy, lack of progress leasing vacant space, tenant bankruptcies, low long-term prospects for improvement in property performance, weak or declining tenant profitability, cash flow or liquidity, our decision to dispose of an asset before the end of its estimated useful life and legislative, market or industry changes that could permanently reduce the value of a property. If there is an indication that the carrying value of an asset is not recoverable, we estimate the projected undiscounted cash flows to determine if an impairment loss should be recognized. The future net undiscounted cash flows are subjective and are based in part on assumptions regarding hold periods, market rents and terminal capitalization rates. If the carrying value exceeds the projected undiscounted cash flows, we determine the amount of any impairment loss by comparing the historical carrying value to the estimated fair value. We estimate fair value through an evaluation of recent financial performance and projected discounted cash flows using standard industry valuation techniques. In addition to consideration of impairment upon the events or changes in circumstances described above, we regularly evaluate the remaining useful lives of our long lived assets. If we change our estimate of the remaining useful lives, we allocate the carrying value of the affected assets over their revised remaining useful lives. |
Capitalization Policy | Capitalization Policy. Costs directly related to the development of properties are capitalized. We capitalize development costs, including interest, real estate taxes, insurance and other project costs, incurred during the period of development. Determinations of when a development project commences and capitalization begins, and when a development project is substantially complete and held available for occupancy and capitalization must cease, involve judgments. We begin the capitalization of costs during the pre-construction period, which we consider to begin when activities that are necessary to the development of the property commence. We consider a development project as substantially complete and held available for occupancy upon the completion of tenant improvements, but no later than one year from cessation of major construction activity. |
Cash and Cash Equivalents and Restricted Cash | Cash and Cash Equivalents. We consider highly liquid investments with original maturities of three months or less at the date of purchase to be cash equivalents. Restricted Cash. |
Derivative Instruments and Hedging Activities | Derivative Instruments and Hedging Activities. We account for our derivative instruments at fair value. Accounting for changes in the fair value of a derivative instrument depends on the intended use of the derivative instrument and the designation of the derivative instrument. The change in fair value of the effective portion of the derivative instrument that is not designated as a hedge or that does not meet the hedge accounting criteria is recorded as a gain or loss to operations. |
Equity Method Investments | Equity Method Investments. We account for investments under the equity method when the requirements for consolidation are not met, and we have significant influence over the operations of the investee. We own a 22% equity interest in the unconsolidated joint venture, which owns 18 properties. We do not control the activities that are most significant to this joint venture and, as a result, we account for our investment in this joint venture under the equity method of accounting under the fair value option. |
Revenue Recognition | Revenue Recognition. We are a lessor of industrial and logistics properties. Our leases provide our tenants with the contractual right to use and economically benefit from all the physical space specified in their respective leases and are generally classified as operating leases. Our leases provide for base rent payments and may also include variable payments. Rental income from operating leases, including any payments derived by index or market based indices, is recognized on a straight line basis over the lease term when we have determined that the collectability of substantially all the lease payments is probable. Some of our leases have options to extend or terminate the lease exercisable at the option of our tenants, which are considered when determining the lease term. Certain of our leases contain non-lease components, such as property level operating expenses and capital expenditures reimbursed by our tenants as well as other required lease payments. We have determined that all our leases qualify for the practical expedient to not separate the lease and non-lease components under the Accounting Standards Codification, or ASC, 842, because the lease components are operating leases and the timing and pattern of recognition of the non-lease components are the same as those of the lease components. Income derived from our leases is recorded in rental income in our consolidated statements of comprehensive income (loss). Certain tenants under their leases are required to directly pay their obligations for insurance, real estate taxes and certain other expenses to the vendor and/or the municipality. These obligations, which have been assumed by the tenants under the terms of their respective leases, are not reflected in our consolidated financial statements. To the extent any tenant responsible for any such obligations under the applicable lease defaults on such lease or if it is deemed probable that the tenant will fail to pay for such obligations, we would record a liability for such obligations. |
Income Taxes | Income Taxes. We have elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended, and, accordingly, we generally are not, and will not be, subject to federal income taxes provided we distribute our taxable income and meet certain organization and operating requirements to qualify for taxation as a REIT. We are, however, subject to certain state and local taxes. |
Right of Use Assets and Lease Liabilities | Right of Use Assets and Lease Liabilities. We are the lessee for three of our properties subject to ground leases and one office lease that we assumed as part of our acquisition of MNR. For leases with a term greater than 12 months under which we are the lessee, we are required to record a right of use asset and lease liability. The values of our right of use assets and related lease liabilities were $4,646 and $4,730, respectively, as of December 31, 2023, and $5,084 and $5,149, respectively, as of December 31, 2022. Our right of use assets and related lease liabilities are included in other assets, net accounts payable and other liabilities Generally, payments of ground lease obligations are made by our tenants. However, if a tenant does not perform obligations under a ground lease or does not renew any ground lease, we may have to perform obligations under, or renew, the ground lease in order to protect our investment in the affected property. |
Net Income (Loss) Per Common Share | Net Income (Loss) Per Common Share. We calculate basic earnings per common share by dividing net income (loss) by the weighted average number of common shares outstanding during the period. We calculate diluted net income (loss) per share using the more dilutive of the two class method or the treasury stock method. Unvested share awards and other potentially dilutive common shares and the related impact on earnings are considered when calculating diluted earnings per share. |
Noncontrolling Interests | Noncontrolling Interests. |
Segment Reporting | Segment Reporting. |
New Accounting Pronouncements | New Accounting Pronouncements. In November 2023, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires public entities, including those with a single reportable segment, to: (i) provide disclosures of significant segment expenses and other segment items if they are regularly provided to the chief operating decision maker, or the CODM, and included in each reported measure of segment profit or loss; (ii) provide all annual disclosures about a reportable segment’s profit or loss and assets currently required by ASC 280, Segment Reporting in interim periods; and (iii) disclose the CODM’s title and position, as well as an explanation of how the CODM uses the reported measures and other disclosures. ASU 2023-07 does not change how a public entity identifies its operating segments, aggregates those operating segments or applies the quantitative thresholds to determine its reportable segments. ASU 2023-07 is required to be applied retrospectively and is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. We are currently evaluating the impact ASU 2023-07 will have on our consolidated financial statements. In August 2023, the FASB issued ASU 2023-05, Business Combinations – Joint Venture Formations (Subtopic 805-60) : Recognition and Initial Measurement. ASU 2023-05 applies to the formation of a joint venture and requires a joint venture to initially measure all contributions received upon its formation at fair value. This guidance is effective for all joint ventures with a formation date on or after January 1, 2025, with early adoption permitted. Joint ventures formed before the effective date have the option to apply it retrospectively, while those formed after the effective date are required to apply it prospectively. We adopted ASU 2023-05 on October 1, 2023 and will apply the guidance prospectively. We do not expect the adoption to have an impact on our consolidated financial statements. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Schedule of Acquired Real Estate Leases and Assumed Real Estate Lease Obligations | As of December 31, 2023 and 2022, our acquired real estate leases and assumed real estate lease obligations were as follows: December 31, 2023 2022 Acquired real estate leases: Capitalized above market lease values $ 27,484 $ 31,313 Less: accumulated amortization (14,628) (15,598) Capitalized above market lease values, net 12,856 15,715 Lease origination value 355,718 384,496 Less: accumulated amortization (125,053) (102,766) Lease origination value, net 230,665 281,730 Acquired real estate leases, net $ 243,521 $ 297,445 Assumed real estate lease obligations: Capitalized below market lease values $ 37,580 $ 42,600 Less: accumulated amortization (19,046) (20,077) Assumed real estate lease obligations, net $ 18,534 $ 22,523 |
Schedule of Expected Future Amortization Related to Acquired Real Estate Leases and Assumed Real Estate Obligations, Deferred Leasing Costs and Debt Issuance Costs | Expected future amortization related to our acquired real estate leases and assumed real estate obligations, deferred leasing costs and debt issuance costs as of December 31, 2023 are shown below: Acquired Real Estate Leases and Assumed Deferred Leasing Debt Issuance Real State Obligations Costs Costs 2024 $ 43,158 $ 2,811 $ 12,823 2025 35,521 2,724 1,262 2026 30,272 2,548 1,262 2027 26,104 2,304 1,262 2028 20,194 1,965 1,262 Thereafter 69,738 8,295 2,132 $ 224,987 $ 20,647 $ 20,003 |
Real Estate Investments (Tables
Real Estate Investments (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Real Estate [Abstract] | |
Schedule of Purchase Price Allocation | The following table summarizes the purchase price allocation for the Merger: Land $ 430,818 Buildings 3,035,309 Acquired real estate leases (1) 294,576 Cash 8,814 Other assets, net 14,194 Securities available for sale (2) 146,550 Total assets 3,930,261 Mortgage notes payable, at fair value (323,432) Accounts payable and other liabilities (25,327) Assumed real estate lease obligations (17,829) Equity attributable to noncontrolling interest in the joint venture (3,827) Net assets acquired 3,559,846 Assumed working capital (144,230) Assumed mortgage notes payable, principal 323,432 Purchase price $ 3,739,048 (1) As of the date of acquisition, the weighted average amortization periods for the above market lease values, lease origination value and capitalized below market lease values were 11.1 years, 8.5 years and 7.8 years, respectively. (2) We allocated the purchase price for this acquisition based on the estimated fair value of the acquired assets as follows: Acquired Number of Rentable Buildings and Real Estate Date Location Properties Square Feet Purchase Price Land Improvements Leases July 2022 Augusta, GA 1 225,997 $ 38,053 $ 3,818 $ 30,780 $ 3,455 Acquired Number Rentable Buildings Acquired Real Estate of Square Purchase and Real Estate Lease Date Market Area Properties Feet Price Land Improvements Leases Obligations May 2021 Dallas, TX 1 — $ 2,319 $ 2,319 $ — $ — $ — June 2021 Columbus, OH 1 357,504 31,762 1,491 27,407 2,864 — August 2021 Memphis, TN 3 1,287,004 100,649 5,922 87,600 7,192 (65) 5 1,644,508 $ 134,730 $ 9,732 $ 115,007 $ 10,056 $ (65) |
Schedule of Property Dispositions | Number of Gross Gain (Loss) on Sale of Date Location Properties Square Feet Sales Price (1) Real Estate March 2023 Everett, WA N/A 246,114 $ 270 $ (974) December 2023 Mesquite, TX 1 211,112 20,890 118 December 2023 Asheville, NC 1 32,599 4,300 2,566 2 489,825 $ 25,460 $ 1,710 (1) |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Leases [Abstract] | |
Schedule of Future Contractual Lease Payments Due from our Tenants | The following table summarizes the future contractual lease payments due from our tenants as of December 31, 2023: Amount 2024 $ 344,967 2025 327,988 2026 308,240 2027 284,553 2028 240,654 Thereafter 1,555,987 $ 3,062,389 |
Indebtedness (Tables)
Indebtedness (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Debt Disclosure [Abstract] | |
Schedule of Outstanding Indebtedness | Our outstanding indebtedness as of December 31, 2023 and 2022 is summarized below: Number of Properties Principal Interest Carrying Value Entity Secured By Balance Rate (1) Type Maturity of Collateral As of December 31,2023 ILPT 104 $ 1,235,000 6.18% Floating 10/09/2024 $ 1,044,028 ILPT 186 650,000 4.31% Fixed 02/07/2029 490,149 ILPT 17 700,000 4.42% Fixed 03/09/2032 505,153 Mountain JV 82 1,400,000 6.17% Floating 03/09/2024 1,857,062 Mountain JV 4 91,000 6.25% Fixed 06/10/2030 183,264 Mountain JV 1 11,380 3.67% Fixed 05/01/2031 28,932 Mountain JV 1 12,916 4.14% Fixed 07/01/2032 43,510 Mountain JV 1 28,622 4.02% Fixed 10/01/2033 84,793 Mountain JV 1 40,019 4.13% Fixed 11/01/2033 129,749 Mountain JV 1 24,433 3.10% Fixed 06/01/2035 46,394 Mountain JV 1 39,411 2.95% Fixed 01/01/2036 99,108 Mountain JV 1 43,850 4.27% Fixed 11/01/2037 110,097 Mountain JV 1 49,313 3.25% Fixed 01/01/2038 113,477 Total/weighted average 4,325,944 5.47% $ 4,735,716 Unamortized debt issuance costs (20,003) Total indebtedness, net $ 4,305,941 As of December 31, 2022 ILPT 104 $ 1,235,000 6.18% Floating 10/09/2024 $ 1,071,815 ILPT 186 650,000 4.31% Fixed 02/07/2029 490,416 ILPT 17 700,000 4.42% Fixed 03/09/2032 518,806 Mountain JV 82 1,400,000 6.17% Floating 03/09/2024 1,909,185 Mountain JV 1 13,556 3.76% Fixed 10/01/2028 63,314 Mountain JV 1 4,865 3.77% Fixed 04/01/2030 39,724 Mountain JV 1 5,145 3.85% Fixed 04/01/2030 39,724 Mountain JV 1 14,392 3.56% Fixed 09/01/2030 50,825 Mountain JV 1 12,691 3.67% Fixed 05/01/2031 30,800 Mountain JV 1 14,144 4.14% Fixed 07/01/2032 44,777 Mountain JV 1 30,949 4.02% Fixed 10/01/2033 87,143 Mountain JV 1 43,219 4.13% Fixed 11/01/2033 131,539 Mountain JV 1 26,175 3.10% Fixed 06/01/2035 47,718 Mountain JV 1 42,087 2.95% Fixed 01/01/2036 101,896 Mountain JV 1 46,109 4.27% Fixed 11/01/2037 113,063 Mountain JV 1 52,031 3.25% Fixed 01/01/2038 116,607 Total/weighted average 4,290,363 5.43% $ 4,857,352 Unamortized debt issuance costs (45,862) Total indebtedness, net $ 4,244,501 (1) Interest rates reflect the impact of interest rate caps, if any, and exclude the impact of the amortization of debt issuance costs, premiums and discounts. |
Schedule of the Principal Payments Due Under the Outstanding Debt | The required principal payments due during the next five years and thereafter under all our outstanding debt as of December 31, 2023 are as follows: Principal Payment 2024 $ 2,653,114 2025 18,794 2026 19,495 2027 20,229 2028 20,989 Thereafter 1,593,323 $ 4,325,944 |
Fair Value of Assets and Liab_2
Fair Value of Assets and Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Schedule of Fair Value Measurements, Recurring and Nonrecurring | The table below presents certain of our assets measured on a recurring and non-recurring basis at fair value at December 31, 2023 and 2022, categorized by the level of inputs as defined in the fair value hierarchy under GAAP, used in the valuation of each asset: Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) At December 31, 2023 Recurring: Investment in unconsolidated joint venture $ 115,360 $ — $ — $ 115,360 Interest rate caps (1) $ 30,576 $ — $ 30,576 $ — Non-recurring: Real estate properties (2) $ 1,414 $ — $ — $ 1,414 At December 31, 2022 Recurring: Investment in unconsolidated joint venture $ 124,358 $ — $ — $ 124,358 Interest rate caps (1) $ 73,133 $ — $ 73,133 $ — Non-recurring: Real estate properties (2) $ 555,123 $ — $ — $ 555,123 (1) The fair values of our interest rate caps are based on market prices in secondary markets for similar derivative contracts. (2) During the years ended December 31, 2023 and December 31, 2022, we reduced the carrying value of one property and 25 properties, respectively, to their fair values based on third party offers. See Note 2 for more information. |
Schedule of Quantitative Information of Significant Unobservable Inputs Related to Certain Level 3 Fair Value Measurements | The discount rates, exit capitalization rates and holding periods used are Level 3 significant unobservable inputs and are shown in the table below: Exit Capitalization Valuation Technique Discount Rates Rates Holding Periods At December 31, 2023 Investment in unconsolidated joint venture Discounted cash flow 5.75% - 8.00% 5.25% - 6.50% 9 - 12 years At December 31, 2022 Investment in unconsolidated joint venture Discounted cash flow 5.25% - 7.00% 4.75% - 6.00% 10 years |
Schedule of the Change in Fair Value of the Investment in the Unconsolidated Joint Venture | The table below presents a summary of the changes in fair value for our investment in the unconsolidated joint venture: Year Ended December 31, 2023 2022 Beginning balance $ 124,358 $ 143,022 Equity in earnings of unconsolidated joint venture 902 7,078 Distributions from unconsolidated joint venture (9,900) (25,742) Ending balance $ 115,360 $ 124,358 |
Shareholders' Equity (Tables)
Shareholders' Equity (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Share-Based Payment Arrangement [Abstract] | |
Summary of Shares Granted and Vested | A summary of shares awarded, vested and forfeited under the terms of the 2018 Plan for the years ended December 31, 2023, 2022 and 2021 is as follows: Year Ended December 31, 2023 2022 2021 Weighted Weighted Weighted Average Average Average Number Grant Date Number Grant Date Number Grant Date of Shares Fair Value of Shares Fair Value of Shares Fair Value Unvested at beginning of year 260,800 $ 15.07 192,380 $ 24.15 162,200 $ 22.37 Granted 328,350 2.84 197,800 7.85 139,800 25.93 Vested (296,890) 8.02 (127,480) 17.44 (108,920) 23.78 Forfeited (3,950) 11.40 (1,900) 24.55 (700) 22.24 Unvested at end of year 288,310 $ 8.50 260,800 $ 15.07 192,380 $ 24.15 |
Summary of Distributions Paid on Common Shares | During the years ended December 31, 2023, 2022 and 2021, we paid distributions on our common shares as follows: Annual Per Characterization of Distribution Share Total Return of Ordinary Capital Year Distribution Distribution Capital Income Gain 2023 $ 0.04 $ 2,627 100.0 % — % — % 2022 $ 0.68 $ 44,477 89.7 % 9.6 % 0.7 % 2021 $ 1.32 $ 86,236 — % 93.2 % 6.8 % |
Per Common Shares Amounts (Tabl
Per Common Shares Amounts (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Weighted Average Number of Shares Outstanding Reconciliation [Abstract] | |
Schedule of Weighted Average Common Shares, Basic and Diluted | The calculation of basic and diluted earnings per share is as follows: Year Ended December 31, 2023 2022 2021 Numerators: Net (loss) income attributable to common shareholders $ (107,989) $ (226,723) $ 119,682 Income attributable to participating unvested share awards (10) (131) (307) Net (loss) income attributable to common shareholders used in calculating earnings per share $ (107,999) $ (226,854) $ 119,375 Denominators: Weighted average common shares for basic earnings per share 65,430 65,248 65,169 Effect of unvested share awards — — 42 Weighted average common shares for diluted earnings per share 65,430 65,248 65,211 Net (loss) income attributable to common shareholders per common share (basic and diluted) $ (1.65) $ (3.47) $ 1.83 |
Derivatives and Hedging Activ_2
Derivatives and Hedging Activities (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of Interest Rate Swap Derivatives | The following table summarizes the terms of our outstanding interest rate cap agreements designated as cash flow hedges of interest rate risk at December 31, 2023 and 2022: Balance Sheet Underlying Strike Notional Fair Value at December 31, Derivative Line Item Instrument Rate Amount 2023 2022 Interest rate cap Other assets Floating Rate Loan 3.40% $ 1,400,000 $ 5,516 $ 23,337 Interest rate cap Other assets ILPT Floating Rate Loan 2.25% $ 1,235,000 25,060 49,796 $ 30,576 $ 73,133 |
Schedule of Effects on Consolidated Statements of Income and Comprehensive Income | The following table summarizes the activity related to our cash flow hedges within cumulative other comprehensive income for the periods shown: Year Ended December 31, 2023 2022 Amount of gain recognized in cumulative other comprehensive income $ 15,640 $ 34,825 Amount reclassified from cumulative other comprehensive income into interest expense (33,639) 2,330 Amount reclassified from cumulative other comprehensive income to loss on early extinguishment of debt — (6,961) Unrealized (loss) gain on derivative instrument recognized in cumulative other comprehensive loss $ (17,999) $ 30,194 |
Organization (Details)
Organization (Details) ft² in Thousands | Dec. 31, 2023 ft² building state property |
Subsidiary, Sale of Stock [Line Items] | |
Number of properties owned | property | 411 |
Rentable square feet (in sqft) | 59,951 |
12 Mainland Properties | |
Subsidiary, Sale of Stock [Line Items] | |
Rentable square feet (in sqft) | 11,726 |
Number of states where real estate is located | state | 12 |
Ownership interest | 22% |
Hawaii | |
Subsidiary, Sale of Stock [Line Items] | |
Rentable square feet (in sqft) | 16,729 |
Number of states where real estate is located | property | 39 |
Number of buildings, leasable lands and easements owned | building | 226 |
Mainland Properties | |
Subsidiary, Sale of Stock [Line Items] | |
Number of properties owned | property | 185 |
Rentable square feet (in sqft) | 43,222 |
Number of states where real estate is located | state | 38 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies - Basis of Presentation (Details) - property | 1 Months Ended | 12 Months Ended | |
Feb. 25, 2022 | Jul. 31, 2022 | Dec. 31, 2023 | |
Consolidated Entity, Excluding Consolidated VIE | Mountain Industrial REIT LLC | |||
Variable Interest Entity [Line Items] | |||
Ownership interest | 61% | 61% | |
Monmouth Real Estate Investment Corporation | |||
Variable Interest Entity [Line Items] | |||
Number of properties | 95 | 1 | 94 |
Number of properties acquired but aren't yet completed | 2 | 2 |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies - Real Estate Properties (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Minimum | |||
Property, Plant and Equipment [Line Items] | |||
Estimated useful lives (in years) | 7 years | ||
Maximum | |||
Property, Plant and Equipment [Line Items] | |||
Estimated useful lives (in years) | 40 years | ||
Amortization of the value of acquired in place leases | $ 51,065 | $ 53,113 | $ 17,437 |
Increases in rental income | $ 1,130 | $ 4,544 | $ 781 |
Weighted Average | |||
Property, Plant and Equipment [Line Items] | |||
Amortization period of capitalized below market lease values (in years) | 6 years 8 months 12 days | ||
Weighted Average | Above market lease | |||
Property, Plant and Equipment [Line Items] | |||
Amortization periods for capitalized above market lease and lease origination values (in years) | 9 years 8 months 12 days | ||
Weighted Average | Acquired Real Estate Leases | |||
Property, Plant and Equipment [Line Items] | |||
Amortization periods for capitalized above market lease and lease origination values (in years) | 7 years 7 months 6 days |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies - Schedule of Acquired Real Estate Leases and Assumed Real Estate Lease Obligations (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Acquired real estate leases: | ||
Acquired real estate leases, net | $ 243,521 | $ 297,445 |
Assumed real estate lease obligations: | ||
Capitalized below market lease values | 37,580 | 42,600 |
Less: accumulated amortization | (19,046) | (20,077) |
Assumed real estate lease obligations, net | 18,534 | 22,523 |
Above market lease | ||
Acquired real estate leases: | ||
Acquired real estate leases, gross | 27,484 | 31,313 |
Less: accumulated amortization | (14,628) | (15,598) |
Acquired real estate leases, net | 12,856 | 15,715 |
Acquired Real Estate Leases | ||
Acquired real estate leases: | ||
Acquired real estate leases, gross | 355,718 | 384,496 |
Less: accumulated amortization | (125,053) | (102,766) |
Acquired real estate leases, net | $ 230,665 | $ 281,730 |
Summary of Significant Accoun_7
Summary of Significant Accounting Policies - Deferred Leasing Costs (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Accounting Policies [Abstract] | ||
Deferred leasing costs | $ 26,803 | $ 22,371 |
Accumulated amortization of deferred leasing costs | $ 6,156 | $ 4,366 |
Summary of Significant Accoun_8
Summary of Significant Accounting Policies - Debt Issuance Costs and Other Narrative Items (Details) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 USD ($) property segment | Dec. 31, 2022 USD ($) property | Dec. 31, 2021 USD ($) | Feb. 25, 2022 | |
Debt Instrument [Line Items] | ||||
Debt issuance costs, line of credit | $ 6,711 | |||
Debt issuance costs, accumulated amortization | 5,907 | |||
Loss on impairment of real estate | $ 156 | $ 100,747 | $ 0 | |
Accrued environmental remediation cost | $ 6,775 | $ 6,940 | ||
Number of business segments | segment | 1 | |||
Monmouth Real Estate Investment Corporation | ||||
Debt Instrument [Line Items] | ||||
Number of properties | property | 25 | |||
Ownership interest | 61% | |||
Mountain Industrial REIT LLC | Consolidated Entity, Excluding Consolidated VIE | ||||
Debt Instrument [Line Items] | ||||
Ownership interest | 61% | 61% | ||
The Industrial Fund REIT LLC | Partnership Interest | ||||
Debt Instrument [Line Items] | ||||
Ownership interest | 22% | |||
12 Mainland Properties | ||||
Debt Instrument [Line Items] | ||||
Ownership interest | 22% | |||
Number of properties contributed | property | 18 | |||
Loans Payable | Mortgage Loan 2019 | ||||
Debt Instrument [Line Items] | ||||
Debt issuance cost, mortgage loan | $ 20,003 | $ 45,862 |
Summary of Significant Accoun_9
Summary of Significant Accounting Policies - Schedule of Expected Future Amortization Related to Acquired Real Estate Leases and Assumed Real Estate Obligations, Deferred Leasing Costs and Debt Issuance Costs (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Finite-Lived Intangible Assets [Line Items] | ||
Acquired real estate leases, net | $ 243,521 | $ 297,445 |
Deferred Leasing Costs | ||
2024 | 2,811 | |
2025 | 2,724 | |
2026 | 2,548 | |
2027 | 2,304 | |
2028 | 1,965 | |
Thereafter | 8,295 | |
Deferred leasing costs | 20,647 | |
Debt Issuance Costs | ||
2024 | 12,823 | |
2025 | 1,262 | |
2026 | 1,262 | |
2027 | 1,262 | |
2028 | 1,262 | |
Thereafter | 2,132 | |
Debt issuance costs | 20,003 | |
Acquired Real Estate Leases and Assumed Real Estate Obligations | ||
Finite-Lived Intangible Assets [Line Items] | ||
2024 | 43,158 | |
2025 | 35,521 | |
2026 | 30,272 | |
2027 | 26,104 | |
2028 | 20,194 | |
Thereafter | 69,738 | |
Acquired real estate leases, net | $ 224,987 |
Summary of Significant Accou_10
Summary of Significant Accounting Policies - Right of Use Asset and Lease Liability (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 USD ($) property | Dec. 31, 2022 USD ($) | |
Accounting Policies [Abstract] | ||
Properties subject to ground leases | property | 3 | |
Lessee, number of properties under an operating lease | property | 1 | |
Right of use asset | $ | $ 4,646 | $ 5,084 |
Lease liability | $ | $ 4,730 | $ 5,149 |
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Other assets, net | Other assets, net |
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] | Accounts Payable and Accrued Liabilities | Accounts Payable and Accrued Liabilities |
Real Estate Investments - Acqui
Real Estate Investments - Acquisitions Narrative (Details) | 1 Months Ended | 12 Months Ended | ||||||||||
Feb. 25, 2022 USD ($) ft² property $ / shares | Feb. 25, 2022 USD ($) ft² property $ / shares | Feb. 25, 2022 USD ($) ft² property $ / shares | Feb. 25, 2022 USD ($) ft² property $ / shares | Feb. 25, 2022 USD ($) ft² property state $ / shares | Feb. 25, 2022 USD ($) ft² property option $ / shares | Feb. 25, 2022 USD ($) ft² property extension_option $ / shares | Jul. 31, 2022 USD ($) ft² property | Dec. 31, 2023 USD ($) ft² property $ / shares | Dec. 31, 2022 USD ($) $ / shares | Dec. 31, 2021 USD ($) ft² parcel property | Sep. 22, 2022 USD ($) | |
Real Estate Properties | ||||||||||||
Capital expenditures incurred | $ 23,263,000 | $ 30,331,000 | ||||||||||
Commitments related to tenant improvements and leasing costs | $ 10,923,000 | |||||||||||
Tenant improvements (in sqft) | ft² | 4,982,000 | |||||||||||
Committed but unspent tenant related obligations expected to be spent in the next 12 months | $ 5,947,000 | |||||||||||
Rentable square feet (in sqft) | ft² | 59,951,000 | |||||||||||
Common stock, par value per share (in usd per share) | $ / shares | $ 0.01 | $ 0.01 | ||||||||||
Number of states where acquired properties are located | state | 27 | |||||||||||
Debt outstanding | $ 4,305,941,000 | $ 4,244,501,000 | $ 1,235,000,000 | |||||||||
Acquisition and other transaction related costs | $ 287,000 | $ 586,000 | $ 1,132,000 | |||||||||
Mountain Industrial REIT LLC | ||||||||||||
Real Estate Properties | ||||||||||||
Noncontrolling interest, ownership percentage by noncontrolling owners | 39% | 39% | 39% | 39% | 39% | 39% | 39% | |||||
2021 Acquisitions | ||||||||||||
Real Estate Properties | ||||||||||||
Tenant improvements (in sqft) | ft² | 1,644,508,000 | |||||||||||
Rentable square feet (in sqft) | ft² | 1,644,508 | |||||||||||
Number of properties | property | 5 | |||||||||||
Purchase price | $ 134,730,000 | |||||||||||
Real estate, acquisition costs | $ 1,030,000 | |||||||||||
2021 Acquisitions | Office and Industrial Properties | ||||||||||||
Real Estate Properties | ||||||||||||
Number of properties | property | 4 | |||||||||||
2021 Acquisitions | Land | ||||||||||||
Real Estate Properties | ||||||||||||
Number of properties | parcel | 1 | |||||||||||
Floating Rate Loan | ||||||||||||
Real Estate Properties | ||||||||||||
Number of properties used as collateral | property | 82 | |||||||||||
Debt outstanding | $ 1,400,000,000 | $ 1,400,000,000 | $ 1,400,000,000 | $ 1,400,000,000 | $ 1,400,000,000 | $ 1,400,000,000 | $ 1,400,000,000 | |||||
Number of options to extend maturity date | 3 | 3 | ||||||||||
Extension period | 1 year | |||||||||||
Bridge Loan Facility | ||||||||||||
Real Estate Properties | ||||||||||||
Number of properties used as collateral | property | 109 | |||||||||||
Debt outstanding | $ 1,385,158,000 | 1,385,158,000 | 1,385,158,000 | $ 1,385,158,000 | 1,385,158,000 | $ 1,385,158,000 | $ 1,385,158,000 | $ 1,235,000,000 | ||||
Interest rate during period (as a percent) | 2.92% | |||||||||||
Fixed Rate Loan | ||||||||||||
Real Estate Properties | ||||||||||||
Number of properties used as collateral | property | 17 | |||||||||||
Debt outstanding | 700,000,000 | 700,000,000 | 700,000,000 | $ 700,000,000 | 700,000,000 | 700,000,000 | 700,000,000 | |||||
Interest rate during period (as a percent) | 4.42% | |||||||||||
Revolving Credit Facility | ||||||||||||
Real Estate Properties | ||||||||||||
Interest rate during period (as a percent) | 1.44% | |||||||||||
Maximum borrowing capacity of revolving credit facility | 750,000,000 | 750,000,000 | 750,000,000 | 750,000,000 | 750,000,000 | 750,000,000 | 750,000,000 | $ 750,000,000 | ||||
MNR Properties | ||||||||||||
Real Estate Properties | ||||||||||||
Noncontrolling interest in joint ventures | $ 589,411,000 | 589,411,000 | $ 589,411,000 | $ 589,411,000 | $ 589,411,000 | $ 589,411,000 | $ 589,411,000 | |||||
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Floating Rate Loan | ||||||||||||
Real Estate Properties | ||||||||||||
Basis spread on variable rate (as a percent) | 2.25% | |||||||||||
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Bridge Loan Facility | ||||||||||||
Real Estate Properties | ||||||||||||
Basis spread on variable rate (as a percent) | 1.75% | |||||||||||
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Fixed Rate Loan, 5.62 % Due 2024 | Floating Rate Loan | ||||||||||||
Real Estate Properties | ||||||||||||
Basis spread on variable rate (as a percent) | 2.77% | |||||||||||
Joint Venture | ||||||||||||
Real Estate Properties | ||||||||||||
Assumed mortgage notes payable, principal | $ 3,739,048,000 | |||||||||||
Consolidated Entity, Excluding Consolidated VIE | MNR Properties | ||||||||||||
Real Estate Properties | ||||||||||||
Ownership interest | 61% | 61% | 61% | 61% | 61% | 61% | 61% | |||||
Monmouth Real Estate (MNR) | ||||||||||||
Real Estate Properties | ||||||||||||
Repayments of debt | $ 885,269,000 | |||||||||||
Number of properties acquired but aren't yet completed | property | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
Purchase price of properties acquired but not yet completed | $ 78,843,000 | |||||||||||
Number of properties | property | 95 | |||||||||||
Monmouth Real Estate (MNR) | Common shares | ||||||||||||
Real Estate Properties | ||||||||||||
Right to receive cash (in dollars per share) | $ / shares | $ 21 | $ 21 | $ 21 | $ 21 | $ 21 | $ 21 | $ 21 | |||||
Monmouth Real Estate (MNR) | Series C Cumulative Redeemable Preferred Stock, 6.125% | ||||||||||||
Real Estate Properties | ||||||||||||
Preferred stock dividend rate | 6.125% | |||||||||||
Preferred stock par value per share (in dollars per share) | $ / shares | 0.01 | 0.01 | $ 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Right to receive cash plus accumulated and unpaid dividends (in dollars per share) | $ / shares | $ 25 | $ 25 | $ 25 | $ 25 | $ 25 | $ 25 | $ 25 | |||||
Monmouth Real Estate (MNR) | Joint Venture | ||||||||||||
Real Estate Properties | ||||||||||||
Assumed mortgage notes payable, principal | $ 323,432,000 | |||||||||||
Number of properties used as collateral | property | 11 | |||||||||||
Monmouth Real Estate Investment Corporation | ||||||||||||
Real Estate Properties | ||||||||||||
Assumed mortgage notes payable, principal | $ 323,432,000 | |||||||||||
Number of properties acquired but aren't yet completed | property | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||||
Number of properties | property | 95 | 1 | 94 | |||||||||
Purchase price | $ 3,739,048,000 | |||||||||||
Monmouth Real Estate Investment Corporation | Augusta, Georgia | ||||||||||||
Real Estate Properties | ||||||||||||
Rentable square feet (in sqft) | ft² | 225,997 | |||||||||||
Number of properties | property | 1 | |||||||||||
Purchase price | $ 38,053,000 | |||||||||||
Monmouth Real Estate Investment Corporation | Consolidated Entity, Excluding Consolidated VIE | Augusta, Georgia | ||||||||||||
Real Estate Properties | ||||||||||||
Rentable square feet (in sqft) | ft² | 226,000,000 | |||||||||||
Purchase price | $ 38,053,000 | |||||||||||
Acquisition and other transaction related costs | $ 53,000 | |||||||||||
Percent of property leased | 100% | |||||||||||
Remaining lease contractual term | 14 years 10 months 24 days | |||||||||||
Monmouth Real Estate Investment Corporation | ||||||||||||
Real Estate Properties | ||||||||||||
Number of real estate properties | property | 124 | 124 | 124 | 124 | 124 | 124 | 124 | |||||
Rentable square feet (in sqft) | ft² | 25,745,000,000 | 25,745,000,000 | 25,745,000,000 | 25,745,000,000 | 25,745,000,000 | 25,745,000,000 | 25,745,000,000 | |||||
Monmouth Real Estate Investment Corporation | Common shares | ||||||||||||
Real Estate Properties | ||||||||||||
Common stock, par value per share (in usd per share) | $ / shares | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 |
Real Estate Investments - Purch
Real Estate Investments - Purchase Price Allocation (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Feb. 25, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Asset Acquisition [Line Items] | ||||
Proceeds from sale of marketable securities | $ 0 | $ 140,792 | $ 0 | |
Loss on equity securities | $ 0 | 5,758 | $ 0 | |
Monmouth Real Estate Investment Corporation | ||||
Asset Acquisition [Line Items] | ||||
Land | $ 430,818 | |||
Buildings | 3,035,309 | |||
Acquired real estate leases | 294,576 | |||
Cash | 8,814 | |||
Other assets, net | 14,194 | |||
Securities available for sale | 146,550 | |||
Total assets | 3,930,261 | |||
Mortgage notes payable, at fair value | (323,432) | |||
Accounts payable and other liabilities | (25,327) | |||
Assumed real estate lease obligations | (17,829) | |||
Equity attributable to noncontrolling interest in the joint venture | (3,827) | |||
Net assets acquired | 3,559,846 | |||
Assumed working capital | (144,230) | |||
Assumed mortgage notes payable, principal | 323,432 | |||
Purchase price | $ 3,739,048 | |||
Proceeds from sale of marketable securities | $ 140,792 | |||
Monmouth Real Estate Investment Corporation | Above market lease | ||||
Asset Acquisition [Line Items] | ||||
Weighted average useful life | 11 years 1 month 6 days | |||
Monmouth Real Estate Investment Corporation | Acquired Real Estate Leases | ||||
Asset Acquisition [Line Items] | ||||
Weighted average useful life | 8 years 6 months | |||
Monmouth Real Estate Investment Corporation | Capitalized Below Market Lease | ||||
Asset Acquisition [Line Items] | ||||
Weighted average useful life | 7 years 9 months 18 days |
Real Estate Investments - Prope
Real Estate Investments - Property Acquisitions (Details) $ in Thousands | 1 Months Ended | 12 Months Ended | |||
Feb. 25, 2022 property | Jul. 31, 2022 USD ($) ft² property | Dec. 31, 2023 USD ($) ft² property | Dec. 31, 2021 USD ($) ft² property | Dec. 31, 2022 USD ($) | |
Real Estate [Line Items] | |||||
Rentable Square Feet (in sqft) | ft² | 59,951,000 | ||||
Land | $ 1,113,723 | $ 1,117,779 | |||
Buildings and Improvements | 4,055,829 | 4,058,329 | |||
Acquired Real Estate Leases | 243,521 | 297,445 | |||
Acquired Real Estate Lease Obligations | $ (18,534) | $ (22,523) | |||
2021 Acquisitions | |||||
Real Estate [Line Items] | |||||
Number of Properties | property | 5 | ||||
Rentable Square Feet (in sqft) | ft² | 1,644,508 | ||||
Purchase Price | $ 134,730 | ||||
Land | 9,732 | ||||
Buildings and Improvements | 115,007 | ||||
Acquired Real Estate Leases | 10,056 | ||||
Acquired Real Estate Lease Obligations | $ (65) | ||||
2021 Acquisitions | Office and Industrial Properties | |||||
Real Estate [Line Items] | |||||
Number of Properties | property | 4 | ||||
Dallas, TX | 2021 Acquisitions | |||||
Real Estate [Line Items] | |||||
Number of Properties | property | 1 | ||||
Rentable Square Feet (in sqft) | ft² | 0 | ||||
Purchase Price | $ 2,319 | ||||
Land | 2,319 | ||||
Buildings and Improvements | 0 | ||||
Acquired Real Estate Leases | 0 | ||||
Acquired Real Estate Lease Obligations | $ 0 | ||||
Columbus, OH | 2021 Acquisitions | Office and Industrial Properties | |||||
Real Estate [Line Items] | |||||
Number of Properties | property | 1 | ||||
Rentable Square Feet (in sqft) | ft² | 357,504 | ||||
Purchase Price | $ 31,762 | ||||
Land | 1,491 | ||||
Buildings and Improvements | 27,407 | ||||
Acquired Real Estate Leases | 2,864 | ||||
Acquired Real Estate Lease Obligations | $ 0 | ||||
Memphis, TN | 2021 Acquisitions | Office and Industrial Properties | |||||
Real Estate [Line Items] | |||||
Number of Properties | property | 3 | ||||
Rentable Square Feet (in sqft) | ft² | 1,287,004 | ||||
Purchase Price | $ 100,649 | ||||
Land | 5,922 | ||||
Buildings and Improvements | 87,600 | ||||
Acquired Real Estate Leases | 7,192 | ||||
Acquired Real Estate Lease Obligations | $ (65) | ||||
Monmouth Real Estate Investment Corporation | |||||
Real Estate [Line Items] | |||||
Number of Properties | property | 95 | 1 | 94 | ||
Monmouth Real Estate Investment Corporation | Augusta, Georgia | |||||
Real Estate [Line Items] | |||||
Number of Properties | property | 1 | ||||
Rentable Square Feet (in sqft) | ft² | 225,997 | ||||
Purchase Price | $ 38,053 | ||||
Land | 3,818 | ||||
Buildings and Improvements | 30,780 | ||||
Acquired Real Estate Leases | $ 3,455 |
Real Estate Investments - Pro_2
Real Estate Investments - Property Dispositions (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2023 USD ($) ft² property | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |
Square Feet (in sqft) | ft² | 59,951,000 |
Disposal Group, Disposed of by Sale, Not Discontinued Operations | 2023 Dispositions | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |
Number of Properties | property | 2 |
Square Feet (in sqft) | ft² | 489,825 |
Gross Sales Price | $ 25,460 |
Gain (Loss) on Sale of Real Estate | $ 1,710 |
Disposal Group, Disposed of by Sale, Not Discontinued Operations | 2023 Dispositions | Everett, WA | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |
Square Feet (in sqft) | ft² | 246,114 |
Gross Sales Price | $ 270 |
Gain (Loss) on Sale of Real Estate | $ (974) |
Disposal Group, Disposed of by Sale, Not Discontinued Operations | 2023 Dispositions | Mesquite, TX | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |
Number of Properties | property | 1 |
Square Feet (in sqft) | ft² | 211,112 |
Gross Sales Price | $ 20,890 |
Gain (Loss) on Sale of Real Estate | $ 118 |
Disposal Group, Disposed of by Sale, Not Discontinued Operations | 2023 Dispositions | Asheville, NC | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |
Number of Properties | property | 1 |
Square Feet (in sqft) | ft² | 32,599 |
Gross Sales Price | $ 4,300 |
Gain (Loss) on Sale of Real Estate | $ 2,566 |
Real Estate Investments - Dispo
Real Estate Investments - Dispositions Narrative (Details) $ in Thousands | 1 Months Ended | 10 Months Ended | 12 Months Ended | |||
Sep. 30, 2021 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2023 USD ($) ft² property state | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Feb. 25, 2022 | |
Real Estate [Line Items] | ||||||
Square Feet (in sqft) | ft² | 59,951,000 | |||||
Number of properties owned | property | 411 | |||||
Net income (loss) attributable to noncontrolling interest | $ (41,730) | $ (60,118) | $ 0 | |||
Mountain Industrial REIT LLC | ||||||
Real Estate [Line Items] | ||||||
Net income (loss) attributable to noncontrolling interest | $ (60,067) | (41,798) | ||||
Mountain Industrial REIT LLC | Other Joint Venture Investor | ||||||
Real Estate [Line Items] | ||||||
Joint venture, total assets | 3,026,194 | |||||
Joint venture, liabilities | $ 1,774,380 | |||||
12 Mainland Properties | ||||||
Real Estate [Line Items] | ||||||
Square Feet (in sqft) | ft² | 11,726,000 | |||||
Ownership interest | 22% | |||||
Number of states where real estate is located | state | 12 | |||||
Number of properties contributed | property | 18 | |||||
Consolidated Entity, Excluding Consolidated VIE | Mountain Industrial REIT LLC | ||||||
Real Estate [Line Items] | ||||||
Square Feet (in sqft) | ft² | 20,981,000 | |||||
Ownership interest | 61% | 61% | ||||
Number of properties owned | property | 94 | |||||
Number of states where real estate is located | state | 27 | |||||
Partnership Interest | The Industrial Fund REIT LLC | ||||||
Real Estate [Line Items] | ||||||
Ownership interest | 22% | |||||
Somerset, New Jersey | Tenancy in Common | Unrelated Third Party | ||||||
Real Estate [Line Items] | ||||||
Noncontrolling interest, ownership percentage by noncontrolling owners | 33% | |||||
Somerset, New Jersey | Tenancy in Common | Unrelated Third Party | ||||||
Real Estate [Line Items] | ||||||
Square Feet (in sqft) | ft² | 64,000 | |||||
Ownership interest | 67% | |||||
Net income (loss) attributable to noncontrolling interest | $ (51) | $ 68 | ||||
Number of properties | property | 1 | |||||
Disposal Group, Disposed of by Sale, Not Discontinued Operations | 2023 Dispositions | ||||||
Real Estate [Line Items] | ||||||
Number of Properties | property | 2 | |||||
Square Feet (in sqft) | ft² | 489,825 | |||||
Aggregate sales price | $ 25,460 | |||||
Gain on sale of real estate | $ 1,710 | |||||
Disposal Group, Disposed of by Sale, Not Discontinued Operations | 2021 Dispositions | Land | Rock Hill, SC | ||||||
Real Estate [Line Items] | ||||||
Proceeds from sale of real estate | $ 1,400 | |||||
Gain on sale of real estate | $ 940 |
Leases - Narrative (Details)
Leases - Narrative (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Lessor, Lease, Description [Line Items] | |||
Variable lease income | $ 76,572 | $ 63,168 | $ 38,732 |
FedEx Corporation | |||
Lessor, Lease, Description [Line Items] | |||
Percentage of rentable square feet | 29.70% | 29.60% | |
Amazon.com, Inc | |||
Lessor, Lease, Description [Line Items] | |||
Percentage of rentable square feet | 6.70% | 6.70% | |
Hawaii | Sales Revenue, Net | Geographic Concentration Risk | |||
Lessor, Lease, Description [Line Items] | |||
Percentage of revenues | 28% | 29.70% | 50.60% |
Leases - Schedule of Future Con
Leases - Schedule of Future Contractual Lease Payments Due from our Tenants (Details) $ in Thousands | Dec. 31, 2023 USD ($) |
Leases [Abstract] | |
2024 | $ 344,967 |
2025 | 327,988 |
2026 | 308,240 |
2027 | 284,553 |
2028 | 240,654 |
Thereafter | 1,555,987 |
Total | $ 3,062,389 |
Indebtedness - Schedule of Outs
Indebtedness - Schedule of Outstanding Indebtedness (Details) $ in Thousands | 12 Months Ended | |||
Feb. 25, 2022 USD ($) property | Dec. 31, 2023 USD ($) property | Dec. 31, 2022 USD ($) property | Sep. 22, 2022 USD ($) | |
Debt Instrument [Line Items] | ||||
Total principal balance | $ 4,325,944 | $ 4,290,363 | ||
Interest rate (as a percent) | 5.47% | 5.43% | ||
Net book value of collateral | $ 4,735,716 | $ 4,857,352 | ||
Unamortized debt issuance costs | (20,003) | (45,862) | ||
Total indebtedness, net | $ 4,305,941 | $ 4,244,501 | $ 1,235,000 | |
Floating Rate Loan | ||||
Debt Instrument [Line Items] | ||||
Number of properties used as collateral | property | 82 | |||
Total indebtedness, net | $ 1,400,000 | |||
Floating Rate Loan | Floating rate loan, 6.18%, due in 2024 | ||||
Debt Instrument [Line Items] | ||||
Number of properties used as collateral | property | 104 | 104 | ||
Total principal balance | $ 1,235,000 | $ 1,235,000 | ||
Interest rate (as a percent) | 6.18% | 6.18% | ||
Net book value of collateral | $ 1,044,028 | $ 1,071,815 | ||
Floating Rate Loan | Floating rate loan, 6.17%, due in 2024 | ||||
Debt Instrument [Line Items] | ||||
Number of properties used as collateral | property | 82 | 82 | ||
Total principal balance | $ 1,400,000 | $ 1,400,000 | ||
Interest rate (as a percent) | 6.17% | 6.17% | ||
Net book value of collateral | $ 1,857,062 | $ 1,909,185 | ||
Fixed Rate Loan | ||||
Debt Instrument [Line Items] | ||||
Number of properties used as collateral | property | 17 | |||
Interest rate (as a percent) | 4.42% | |||
Total indebtedness, net | $ 700,000 | |||
Fixed Rate Loan | Fixed rate loan, 4.31%, due in 2029 | ||||
Debt Instrument [Line Items] | ||||
Number of properties used as collateral | property | 186 | 186 | ||
Total principal balance | $ 650,000 | $ 650,000 | ||
Interest rate (as a percent) | 4.31% | 4.31% | ||
Net book value of collateral | $ 490,149 | $ 490,416 | ||
Fixed Rate Loan | Fixed rate loan, 4.42%, due in 2032 | ||||
Debt Instrument [Line Items] | ||||
Number of properties used as collateral | property | 17 | 17 | ||
Total principal balance | $ 700,000 | $ 700,000 | ||
Interest rate (as a percent) | 4.42% | 4.42% | ||
Net book value of collateral | $ 505,153 | $ 518,806 | ||
Fixed Rate Loan | Fixed rate loan, 6.25% due in 2030 | ||||
Debt Instrument [Line Items] | ||||
Number of properties used as collateral | property | 4 | |||
Total principal balance | $ 91,000 | |||
Interest rate (as a percent) | 6.25% | |||
Net book value of collateral | $ 183,264 | |||
Fixed Rate Loan | Fixed rate loan, 3.67% due in 2031 | ||||
Debt Instrument [Line Items] | ||||
Number of properties used as collateral | property | 1 | 1 | ||
Total principal balance | $ 11,380 | $ 12,691 | ||
Interest rate (as a percent) | 3.67% | 3.67% | ||
Net book value of collateral | $ 28,932 | $ 30,800 | ||
Fixed Rate Loan | Fixed rate loan, 4.14%, due in 2032 | ||||
Debt Instrument [Line Items] | ||||
Number of properties used as collateral | property | 1 | 1 | ||
Total principal balance | $ 12,916 | $ 14,144 | ||
Interest rate (as a percent) | 4.14% | 4.14% | ||
Net book value of collateral | $ 43,510 | $ 44,777 | ||
Fixed Rate Loan | Fixed rate loan, 4.02%, due in 2033 | ||||
Debt Instrument [Line Items] | ||||
Number of properties used as collateral | property | 1 | 1 | ||
Total principal balance | $ 28,622 | $ 30,949 | ||
Interest rate (as a percent) | 4.02% | 4.02% | ||
Net book value of collateral | $ 84,793 | $ 87,143 | ||
Fixed Rate Loan | Fixed rate loan, 4.13%, due in 2033 | ||||
Debt Instrument [Line Items] | ||||
Number of properties used as collateral | property | 1 | 1 | ||
Total principal balance | $ 40,019 | $ 43,219 | ||
Interest rate (as a percent) | 4.13% | 4.13% | ||
Net book value of collateral | $ 129,749 | $ 131,539 | ||
Fixed Rate Loan | Fixed rate loan, 3.10%, due in 2035 | ||||
Debt Instrument [Line Items] | ||||
Number of properties used as collateral | property | 1 | 1 | ||
Total principal balance | $ 24,433 | $ 26,175 | ||
Interest rate (as a percent) | 3.10% | 3.10% | ||
Net book value of collateral | $ 46,394 | $ 47,718 | ||
Fixed Rate Loan | Fixed rate loan, 2.95%, due in 2036 | ||||
Debt Instrument [Line Items] | ||||
Number of properties used as collateral | property | 1 | 1 | ||
Total principal balance | $ 39,411 | $ 42,087 | ||
Interest rate (as a percent) | 2.95% | 2.95% | ||
Net book value of collateral | $ 99,108 | $ 101,896 | ||
Fixed Rate Loan | Fixed rate loan, 4.27%, due in 2037 | ||||
Debt Instrument [Line Items] | ||||
Number of properties used as collateral | property | 1 | 1 | ||
Total principal balance | $ 43,850 | $ 46,109 | ||
Interest rate (as a percent) | 4.27% | 4.27% | ||
Net book value of collateral | $ 110,097 | $ 113,063 | ||
Fixed Rate Loan | Fixed rate loan, 3.25%, due in 2038 | ||||
Debt Instrument [Line Items] | ||||
Number of properties used as collateral | property | 1 | 1 | ||
Total principal balance | $ 49,313 | $ 52,031 | ||
Interest rate (as a percent) | 3.25% | 3.25% | ||
Net book value of collateral | $ 113,477 | $ 116,607 | ||
Fixed Rate Loan | Fixed rate loan, 3.76%, due in 2028 | ||||
Debt Instrument [Line Items] | ||||
Number of properties used as collateral | property | 1 | |||
Total principal balance | $ 13,556 | |||
Interest rate (as a percent) | 3.76% | |||
Net book value of collateral | $ 63,314 | |||
Fixed Rate Loan | Fixed rate loan, 3.77%, due in 2030 | ||||
Debt Instrument [Line Items] | ||||
Number of properties used as collateral | property | 1 | |||
Total principal balance | $ 4,865 | |||
Interest rate (as a percent) | 3.77% | |||
Net book value of collateral | $ 39,724 | |||
Fixed Rate Loan | Fixed rate loan, 3.85%, due in 2030 | ||||
Debt Instrument [Line Items] | ||||
Number of properties used as collateral | property | 1 | |||
Total principal balance | $ 5,145 | |||
Interest rate (as a percent) | 3.85% | |||
Net book value of collateral | $ 39,724 | |||
Fixed Rate Loan | Fixed rate loan, 3.56%, due in 2030 | ||||
Debt Instrument [Line Items] | ||||
Number of properties used as collateral | property | 1 | |||
Total principal balance | $ 14,392 | |||
Interest rate (as a percent) | 3.56% | |||
Net book value of collateral | $ 50,825 |
Indebtedness - Narrative (Detai
Indebtedness - Narrative (Details) | 1 Months Ended | 7 Months Ended | 12 Months Ended | ||||||||||
Sep. 22, 2022 USD ($) property option | Feb. 25, 2022 USD ($) | Feb. 25, 2022 USD ($) property | Feb. 25, 2022 USD ($) option | Feb. 25, 2022 USD ($) | Feb. 25, 2022 USD ($) extension_option | May 31, 2023 USD ($) property mortgage | Sep. 22, 2022 USD ($) | Dec. 31, 2023 USD ($) property | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Sep. 30, 2022 | Mar. 31, 2022 | |
Debt Instrument [Line Items] | |||||||||||||
Loss on early extinguishment of debt | $ 359,000 | $ 22,198,000 | $ 0 | ||||||||||
Interest rate (as a percent) | 5.47% | 5.43% | |||||||||||
Long-term debt | $ 1,235,000,000 | $ 1,235,000,000 | $ 4,305,941,000 | $ 4,244,501,000 | |||||||||
Principal balance | $ 4,325,944,000 | 4,290,363,000 | |||||||||||
Joint Venture | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Number of outstanding mortgage loans | mortgage | 4 | ||||||||||||
Interest Rate Swap | Cash Flow Hedging | Designated as Hedging Instrument | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Strike rate | 2.70% | ||||||||||||
Revolving Credit Facility | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Maximum borrowing capacity of revolving credit facility | $ 750,000,000 | $ 750,000,000 | $ 750,000,000 | $ 750,000,000 | $ 750,000,000 | $ 750,000,000 | |||||||
Interest rate at period end (as a percent) | 1.41% | 1.41% | 1.41% | 1.41% | 1.41% | ||||||||
Interest rate during period (as a percent) | 1.44% | ||||||||||||
Loss on early extinguishment of debt | $ 828,000 | ||||||||||||
Floating Rate Loan | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Number of options to extend maturity date | 3 | 3 | |||||||||||
Extension period | 1 year | ||||||||||||
Long-term debt | $ 1,400,000,000 | $ 1,400,000,000 | $ 1,400,000,000 | $ 1,400,000,000 | $ 1,400,000,000 | ||||||||
Number of properties used as collateral | property | 82 | ||||||||||||
Floating Rate Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Basis spread on variable rate (as a percent) | 2.25% | ||||||||||||
Option to increase in premium (in basis points) | 0.515% | ||||||||||||
Floating Rate Loan | Bridge Loan Facility | Interest Rate Swap | Cash Flow Hedging | Designated as Hedging Instrument | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Strike rate | 3.40% | ||||||||||||
Floating Rate Loan | Floating Rate Loan, 6.17%, due in 2024 | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Interest rate (as a percent) | 6.17% | ||||||||||||
Floating Rate Loan | Floating Rate Loan, 6.17%, due in 2024 | February 25, 2022 to December 31, 2022 | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Interest rate (as a percent) | 6.10% | ||||||||||||
Bridge Loan Facility | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Interest rate during period (as a percent) | 2.92% | ||||||||||||
Loss on early extinguishment of debt | $ 21,370,000 | ||||||||||||
Long-term debt | $ 1,235,000,000 | $ 1,385,158,000 | $ 1,385,158,000 | $ 1,385,158,000 | $ 1,385,158,000 | $ 1,385,158,000 | $ 1,235,000,000 | ||||||
Number of properties used as collateral | property | 109 | ||||||||||||
Bridge Loan Facility | February 25, 2022 to September 22, 2022 | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Interest rate during period (as a percent) | 4.24% | ||||||||||||
Bridge Loan Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Basis spread on variable rate (as a percent) | 1.75% | ||||||||||||
Mezzanine agreement premium (as a percent) | 8% | 8% | 8% | 8% | 8% | ||||||||
Bridge Loan Facility | Bridge Loan Facility | Interest Rate Swap | Cash Flow Hedging | Designated as Hedging Instrument | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Strike rate | 2.70% | 2.70% | 2.70% | 2.70% | 2.70% | ||||||||
Fixed Rate Loan | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Interest rate during period (as a percent) | 4.42% | ||||||||||||
Interest rate (as a percent) | 4.42% | 4.42% | 4.42% | 4.42% | 4.42% | ||||||||
Long-term debt | $ 700,000,000 | $ 700,000,000 | $ 700,000,000 | $ 700,000,000 | $ 700,000,000 | ||||||||
Prepayment terms without premium amount | $ 280,000 | $ 280,000 | $ 280,000 | $ 280,000 | $ 280,000 | ||||||||
Number of properties used as collateral | property | 17 | ||||||||||||
ILPT Floating Rate Loan | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Interest rate during period (as a percent) | 3.93% | ||||||||||||
Number of options to extend maturity date | option | 3 | ||||||||||||
Extension period | 1 year | ||||||||||||
Prepayment terms without premium amount | $ 247,000,000 | $ 247,000,000 | |||||||||||
Number of properties used as collateral | property | 104 | ||||||||||||
Weighted average interest rate (as a percent) | 6.18% | 6.18% | |||||||||||
ILPT Floating Rate Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Basis spread on variable rate (as a percent) | 2.25% | ||||||||||||
Mortgages Loan | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Long-term debt | $ 1,100,000,000 | 1,100,000,000 | |||||||||||
Mortgages Loan | Floating Rate Loan, 6.17%, due in 2024 | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Number of properties used as collateral | property | 82 | ||||||||||||
Mortgages Loan | Fixed Rate Loan, 6.25% Interest Rate, Due in 2030 | Joint Venture | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Loss on early extinguishment of debt | $ 359,000 | ||||||||||||
Number of properties used as collateral | property | 4 | ||||||||||||
Weighted average interest rate (as a percent) | 3.70% | ||||||||||||
Debt instrument, face amount | $ 91,000,000 | ||||||||||||
Annual interest rate (as a percent) | 6.25% | ||||||||||||
Principal balance | $ 35,910,000 | ||||||||||||
Mezzanine Loan | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Long-term debt | $ 135,000,000 | $ 135,000,000 |
Indebtedness - Summary of Futur
Indebtedness - Summary of Future Indebtedness Maturity (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Debt Disclosure [Abstract] | ||
2024 | $ 2,653,114 | |
2025 | 18,794 | |
2026 | 19,495 | |
2027 | 20,229 | |
2028 | 20,989 | |
Thereafter | 1,593,323 | |
Total principal balance | $ 4,325,944 | $ 4,290,363 |
Fair Value of Assets and Liab_3
Fair Value of Assets and Liabilities - Narrative (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Fair Value of Financial Instruments | ||
Mortgages and notes payable, net | $ 4,305,941 | $ 4,244,501 |
Carrying Amount | ||
Fair Value of Financial Instruments | ||
Mortgages and notes payable, net | 1,682,501 | 1,646,736 |
Estimated Fair Value | ||
Fair Value of Financial Instruments | ||
Mortgages and notes payable, net | $ 1,553,863 | $ 1,487,147 |
Fair Value of Assets and Liab_4
Fair Value of Assets and Liabilities - Assets Measured on Recurring Basis (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 USD ($) property | Dec. 31, 2022 USD ($) property | |
Fair Value of Financial Instruments | ||
Real estate properties | $ 4,772,098 | $ 4,902,641 |
Fair Value, Recurring | ||
Fair Value of Financial Instruments | ||
Investment in unconsolidated joint venture | 115,360 | 124,358 |
Interest rate caps | 30,576 | 73,133 |
Fair Value, Recurring | Fair Value, Inputs, Level 1 | ||
Fair Value of Financial Instruments | ||
Investment in unconsolidated joint venture | 0 | 0 |
Interest rate caps | 0 | 0 |
Fair Value, Recurring | Fair Value, Inputs, Level 2 | ||
Fair Value of Financial Instruments | ||
Investment in unconsolidated joint venture | 0 | 0 |
Interest rate caps | 30,576 | 73,133 |
Fair Value, Recurring | Fair Value, Inputs, Level 3 | ||
Fair Value of Financial Instruments | ||
Investment in unconsolidated joint venture | 115,360 | 124,358 |
Interest rate caps | 0 | 0 |
Fair Value, Nonrecurring | ||
Fair Value of Financial Instruments | ||
Real estate properties | 1,414 | 555,123 |
Fair Value, Nonrecurring | Fair Value, Inputs, Level 1 | ||
Fair Value of Financial Instruments | ||
Real estate properties | 0 | 0 |
Fair Value, Nonrecurring | Fair Value, Inputs, Level 2 | ||
Fair Value of Financial Instruments | ||
Real estate properties | 0 | 0 |
Fair Value, Nonrecurring | Fair Value, Inputs, Level 3 | ||
Fair Value of Financial Instruments | ||
Real estate properties | $ 1,414 | $ 555,123 |
Number of properties impaired | property | 1 | 25 |
Fair Value of Assets and Liab_5
Fair Value of Assets and Liabilities - Fair Value Measurements Significant Unobservable Inputs Related to Certain Level 3 (Details) - Fair Value, Inputs, Level 3 | Dec. 31, 2023 | Dec. 31, 2022 |
Measurement Input, Discount Rate | Minimum | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Investment in unconsolidated joint venture | 0.0575 | 0.0525 |
Measurement Input, Discount Rate | Maximum | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Investment in unconsolidated joint venture | 0.0800 | 0.0700 |
Measurement Input, Exit Capitalization Rate | Minimum | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Investment in unconsolidated joint venture | 0.0525 | 0.0475 |
Measurement Input, Exit Capitalization Rate | Maximum | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Investment in unconsolidated joint venture | 0.0650 | 0.0600 |
Measurement Input, Holdings Periods | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Investment in unconsolidated joint venture, holding periods | 10 years | |
Measurement Input, Holdings Periods | Minimum | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Investment in unconsolidated joint venture, holding periods | 9 years | |
Measurement Input, Holdings Periods | Maximum | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Investment in unconsolidated joint venture, holding periods | 12 years |
Fair Value of Assets and Liab_6
Fair Value of Assets and Liabilities - Changes In Fair Value For Our Investment In Unconsolidated Joint Venture (Details) - Equity Method Investments - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Beginning balance | $ 124,358 | $ 143,022 |
Equity in earnings of unconsolidated joint venture | 902 | 7,078 |
Distributions from unconsolidated joint venture | (9,900) | (25,742) |
Ending balance | $ 115,360 | $ 124,358 |
Shareholders' Equity - Share Aw
Shareholders' Equity - Share Awards (Details) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 USD ($) shares | Dec. 31, 2022 USD ($) shares | Dec. 31, 2021 USD ($) installment shares | Dec. 31, 2020 shares | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Unvested shares (in shares) | 288,310 | 260,800 | 192,380 | 162,200 |
2024 (in shares) | 100,280 | |||
2025 (in shares) | 84,660 | |||
2026 (in shares) | 66,000 | |||
2027 (in shares) | 37,370 | |||
Estimated future compensation expense for the unvested shares | $ | $ 2,111 | |||
Weighted average period of which compensation expense will be recognized | 23 months | |||
Compensation expense | $ | $ 1,741 | $ 2,221 | $ 2,328 | |
Shares available for issuance under the award plan | 3,156,613 | |||
Trustees | Common shares | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Common shares granted (in shares) | 20,000 | 3,500 | 3,500 | |
Common shares granted | $ | $ 249 | $ 369 | $ 538 | |
Related Party | RMR LLC | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Common shares granted (in shares) | 188,350 | 173,300 | 118,800 | |
Common shares granted | $ | $ 684 | $ 1,184 | $ 3,086 | |
Related Party | RMR LLC | Officers and Employees | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Number of equal annual installments | installment | 5 |
Shareholders' Equity - Summary
Shareholders' Equity - Summary of Unvested Shares Activity (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |||
Unvested shares at the beginning of the period (in shares) | 260,800 | 192,380 | 162,200 |
Granted (in shares) | 328,350 | 197,800 | 139,800 |
Vested (in shares) | (296,890) | (127,480) | (108,920) |
Forfeited (in shares) | (3,950) | (1,900) | (700) |
Unvested shares at the end of the period (in shares) | 288,310 | 260,800 | 192,380 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | |||
Unvested shares at the beginning of the period (in dollars per share) | $ 15.07 | $ 24.15 | $ 22.37 |
Granted (in dollars per share) | 2.84 | 7.85 | 25.93 |
Vested (in dollars per share) | 8.02 | 17.44 | 23.78 |
Forfeited (in dollars per share) | 11.40 | 24.55 | 22.24 |
Unvested shares at the end of the period (in dollars per share) | $ 8.50 | $ 15.07 | $ 24.15 |
Shareholders' Equity - Common S
Shareholders' Equity - Common Share Purchases (Details) - Common shares - $ / shares | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share repurchases to pay for tax withholding (in shares) | 49,158 | 32,347 | 35,596 |
Share price (in dollars per share) | $ 3.29 | $ 7.50 | $ 25.91 |
Shareholders' Equity - Distribu
Shareholders' Equity - Distributions (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |||
Jan. 11, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Dividends Payable [Line Items] | ||||
Distribution per share (in dollars per share) | $ 0.04 | $ 0.68 | $ 1.32 | |
Total Distributions | $ 2,627 | $ 44,477 | $ 86,236 | |
Distributions per share paid (in dollars per share) | 100% | 89.70% | 0% | |
Distribution characterization percentage, ordinary income | 0% | 9.60% | 93.20% | |
Distribution characterization percentage, capital gain | 0% | 0.70% | 6.80% | |
Subsequent Event | ||||
Dividends Payable [Line Items] | ||||
Common distributions declared (in dollars per share) | $ 0.01 | |||
Dividends payable | $ 658 |
Per Common Shares Amounts (Deta
Per Common Shares Amounts (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Numerators: | |||
Net (loss) income attributable to common shareholders | $ (107,989) | $ (226,723) | $ 119,682 |
Income attributable to participating unvested share awards | (10) | (131) | (307) |
Net (loss) income attributable to common shareholders used in calculating earnings per share | $ (107,999) | $ (226,854) | $ 119,375 |
Denominators: | |||
Weighted average common shares for basic earnings per share (in shares) | 65,430 | 65,248 | 65,169 |
Effect of unvested share awards (in shares) | 0 | 0 | 42 |
Weighted average common shares for diluted earnings per share (in shares) | 65,430 | 65,248 | 65,211 |
Net (loss) income attributable to common shareholders per common share - basic (in dollars per share) | $ (1.65) | $ (3.47) | $ 1.83 |
Net (loss) income attributable to common shareholders per common share - diluted (in dollars per share) | $ (1.65) | $ (3.47) | $ 1.83 |
Business and Property Managem_2
Business and Property Management Agreements with RMR (Details) | 1 Months Ended | 12 Months Ended | |||
Feb. 25, 2022 USD ($) investor property | Jul. 31, 2022 property | Dec. 31, 2023 USD ($) employee agreement property investor | Dec. 31, 2022 USD ($) property | Dec. 31, 2021 USD ($) | |
Related Party Transaction [Line Items] | |||||
Number of employees | employee | 0 | ||||
Property management fees as percentage of gross collected rents | 3% | ||||
Construction supervision fees as percentage of construction costs | 5% | ||||
Other operating expenses | $ 38,192,000 | $ 30,855,000 | $ 18,678,000 | ||
Number of business days prior written notice for termination of property management agreement | 60 days | ||||
Window following a change of control | 12 months | ||||
Number of joint venture agreements | agreement | 2 | ||||
Monmouth Real Estate Investment Corporation | |||||
Related Party Transaction [Line Items] | |||||
Number of investors | investor | 1 | ||||
Number of properties | property | 95 | 1 | 94 | ||
Mountain Industrial REIT LLC | |||||
Related Party Transaction [Line Items] | |||||
Noncontrolling interest, ownership percentage by noncontrolling owners | 39% | ||||
12 Mainland Properties | |||||
Related Party Transaction [Line Items] | |||||
Number of investors | investor | 2 | ||||
Number of properties contributed | property | 18 | ||||
Ownership interest | 22% | ||||
Monmouth Real Estate Investment Corporation | |||||
Related Party Transaction [Line Items] | |||||
Ownership interest | 61% | ||||
Number of properties | property | 25 | ||||
Property Management and Construction Supervision Fees | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, amount | $ 13,449,000 | $ 11,916,000 | 6,606,000 | ||
Capitalized Property Management and Construction Supervision Fees | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, amount | 649,000 | 858,000 | 211,000 | ||
Reimbursed Property Level Operating Expenses | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, amount | $ 8,378,000 | 6,785,000 | 4,786,000 | ||
Amended and Restated Asset Management Agreement | 12 Mainland Properties | The Industrial Fund REIT Inc. | |||||
Related Party Transaction [Line Items] | |||||
Ownership interest | 22% | ||||
Related Party | |||||
Related Party Transaction [Line Items] | |||||
Number of management service agreements | agreement | 2 | ||||
Management fee expense | $ 23,154,000 | 23,701,000 | 10,562,000 | ||
Incentive management fee | $ 0 | 0 | 0 | ||
Term remaining prior to termination used in calculation of termination fee | 10 years | ||||
Period of transition services after termination agreement | 120 days | ||||
Related Party | Minimum | |||||
Related Party Transaction [Line Items] | |||||
Termination fee term | 19 years | ||||
Related Party | Maximum | |||||
Related Party Transaction [Line Items] | |||||
Termination fee term | 20 years | ||||
Related Party | Property Management and Construction Supervision Fees | |||||
Related Party Transaction [Line Items] | |||||
Other operating expenses | $ 12,800,000 | $ 11,058,000 | $ 6,395,000 | ||
Related Party | Reit Management And Research L L C | |||||
Related Party Transaction [Line Items] | |||||
Number of management service agreements | agreement | 2 | ||||
Percentage applied on average historical cost of real estate investment properties acquired to calculate base management fee | 0.50% | ||||
Base management fee payable as percentage of average historical cost of real estate investments excluding transferred assets for investments up to specified amount | 0.70% | ||||
Base management fee payable threshold amount of other real estate investments | $ 250,000,000 | ||||
Annual business management fee as percentage of aggregate cost of properties acquired in excess of specified amount | 0.50% | ||||
Base management fee payable as percentage of average closing stock price on stock exchange | 0.70% | ||||
Base management fee payable as percentage of average market capitalization exceeding specified amount | 0.50% | ||||
Percentage for limitation and adjustments of incentive management fee payable | 12% | ||||
Period of consecutive trading days | 10 days | ||||
Period of trading days of measurement period used in calculation | 30 days | ||||
Incentive management fee payable | $ 0 | ||||
Incentive management fee measurement period | 3 years | ||||
Required return per share to adjust the return per share benchmark | 12% | ||||
Adjusted benchmark return qualification for management fee reduction minimum | 2% | ||||
Adjusted benchmark return qualification for management fee reduction maximum | 5% | ||||
Incentive management fee, percentage of common shares outstanding used in calculation | 1.50% | ||||
Co-venturer | Mountain Industrial REIT LLC | |||||
Related Party Transaction [Line Items] | |||||
Noncontrolling interest in joint ventures | $ 589,411,000 |
Related Person Transactions (De
Related Person Transactions (Details) $ in Thousands | 1 Months Ended | 12 Months Ended | |
May 31, 2021 USD ($) | Dec. 31, 2023 USD ($) agreement | Dec. 31, 2022 USD ($) | |
Related Party Transaction [Line Items] | |||
Number of joint venture agreements | agreement | 2 | ||
Related Party | |||
Related Party Transaction [Line Items] | |||
Number of management service agreements | agreement | 2 | ||
Accounts payable and other liabilities | $ | $ 4,966 | $ 4,824 | |
Related Party | Vesting on Grant Date | |||
Related Party Transaction [Line Items] | |||
Award vesting rights | 20% | ||
Related Party | Vesting on 1st Anniversary | |||
Related Party Transaction [Line Items] | |||
Award vesting rights | 20% | ||
Related Party | Vesting on 2nd Anniversary | |||
Related Party Transaction [Line Items] | |||
Award vesting rights | 20% | ||
Related Party | Vesting on 3rd Anniversary | |||
Related Party Transaction [Line Items] | |||
Award vesting rights | 20% | ||
Related Party | Vesting on 4th Anniversary | |||
Related Party Transaction [Line Items] | |||
Award vesting rights | 20% | ||
Related Party | RMR LLC | |||
Related Party Transaction [Line Items] | |||
Number of management service agreements | agreement | 2 | ||
Related Party | Mesquite, TX | |||
Related Party Transaction [Line Items] | |||
Payments to acquire real estate | $ | $ 2,319 | ||
Acquisition related cost | $ | $ 119 | ||
Joint Venture | |||
Related Party Transaction [Line Items] | |||
Number of joint venture agreements | agreement | 2 | ||
Accounts payable and other liabilities | $ | $ 680 | $ 616 |
Derivatives and Hedging Activ_3
Derivatives and Hedging Activities - Schedule of Interest Rate Cap Agreements (Details) - Interest Rate Swap - Cash Flow Hedging - Designated as Hedging Instrument - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 | Sep. 30, 2022 |
Derivative Instruments, Gain (Loss) [Line Items] | |||
Strike rate | 2.70% | ||
Notional amount | $ 1,385,158,000 | ||
Fair value | $ 30,576,000 | $ 73,133,000 | $ 7,740,000 |
Floating Rate Loan | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Strike rate | 3.40% | ||
Notional amount | $ 1,400,000,000 | ||
Fair value | $ 5,516,000 | 23,337,000 | |
ILPT Floating Rate Loan | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Strike rate | 2.25% | ||
Notional amount | $ 1,235,000,000 | ||
Fair value | $ 25,060,000 | $ 49,796,000 |
Derivatives and Hedging Activ_4
Derivatives and Hedging Activities - Narrative (Details) - Interest Rate Swap - Cash Flow Hedging - Designated as Hedging Instrument | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Sep. 30, 2022 USD ($) derivative_instrument |
Derivative Instruments, Gain (Loss) [Line Items] | |||
Number of Instruments | derivative_instrument | 2 | ||
Notional amount | $ 1,385,158,000 | ||
Strike rate | 2.70% | ||
Derivative instruments in hedges, at fair value, net | $ 30,576,000 | $ 73,133,000 | $ 7,740,000 |
Derivatives and Hedging Activ_5
Derivatives and Hedging Activities - Schedule of Activity (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain recognized in cumulative other comprehensive income | $ 15,640 | $ 34,825 | |
Unrealized (loss) gain on derivative instrument recognized in cumulative other comprehensive loss | (17,999) | 30,194 | $ 0 |
Interest Expense | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount reclassified from cumulative other comprehensive income | (33,639) | 2,330 | |
Loss on Early Extinguishment | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount reclassified from cumulative other comprehensive income | $ 0 | $ (6,961) |
SCHEDULE III - REAL ESTATE AN_2
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION - Real Estate Properties (Details) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 USD ($) property mortgage | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Initial Cost to Company | ||||
Land | $ 1,130,169 | |||
Buildings and Equipment | 4,063,151 | |||
Costs Capitalized Subsequent to Acquisition | 71,026 | |||
Impairment/ Writedowns | (94,794) | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,113,723 | |||
Buildings and Equipment | 4,055,829 | |||
Total | 5,169,552 | $ 5,176,108 | $ 1,748,833 | $ 1,809,070 |
Accumulated Depreciation | (397,454) | $ (273,467) | $ (167,490) | $ (141,406) |
U.S. federal income tax basis | $ 5,724,491 | |||
Building and Building Improvements | ||||
Gross Amount Carried at Close of Period | ||||
Life used for depreciation | 40 years | |||
Mortgages Loan | ||||
Gross Amount Carried at Close of Period | ||||
Encumbrances | $ 4,305,941 | |||
Undepreciated cost | $ 5,134,208 | |||
Mortgages Loan | 104 properties encumbered by the ILPT Floating Rate Loan | ||||
Gross Amount Carried at Close of Period | ||||
Number of properties used as collateral | property | 104 | |||
Encumbrances | $ 1,227,024 | |||
Undepreciated cost | $ 1,172,409 | |||
Mortgages Loan | 8 properties encumbered by mortgage loans | ||||
Gross Amount Carried at Close of Period | ||||
Number of properties used as collateral | property | 8 | |||
Encumbrances | $ 249,944 | |||
Undepreciated cost | $ 686,408 | |||
Mortgages Loan | 82 properties encumbered by the Floating Rate Loan | ||||
Gross Amount Carried at Close of Period | ||||
Number of properties used as collateral | property | 82 | |||
Encumbrances | $ 1,396,416 | |||
Undepreciated cost | $ 1,961,063 | |||
Mortgages Loan | 4 properties encumbered by one mortgage loan | ||||
Gross Amount Carried at Close of Period | ||||
Number of properties used as collateral | property | 4 | |||
Number of debt instruments | mortgage | 1 | |||
Encumbrances | $ 90,066 | |||
Undepreciated cost | $ 192,662 | |||
Mortgages Loan | 186 properties encumbered by one mortgage loan | ||||
Gross Amount Carried at Close of Period | ||||
Number of properties used as collateral | property | 186 | |||
Number of debt instruments | mortgage | 1 | |||
Encumbrances | $ 647,214 | |||
Undepreciated cost | $ 507,172 | |||
Mortgages Loan | 17 properties encumbered by the Fixed Rate Loan | ||||
Gross Amount Carried at Close of Period | ||||
Number of properties used as collateral | property | 17 | |||
Encumbrances | $ 695,277 | |||
Undepreciated cost | 614,494 | |||
510 Production Avenue | ||||
Initial Cost to Company | ||||
Land | 1,200 | |||
Buildings and Equipment | 9,967 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (2,118) | |||
Gross Amount Carried at Close of Period | ||||
Land | 973 | |||
Buildings and Equipment | 8,076 | |||
Total | 9,049 | |||
Accumulated Depreciation | (409) | |||
6735 Trippel Road | ||||
Initial Cost to Company | ||||
Land | 1,500 | |||
Buildings and Equipment | 44,354 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,500 | |||
Buildings and Equipment | 44,354 | |||
Total | 45,854 | |||
Accumulated Depreciation | (2,344) | |||
11224 Will Walker Road | ||||
Initial Cost to Company | ||||
Land | 3,901 | |||
Buildings and Equipment | 40,857 | |||
Costs Capitalized Subsequent to Acquisition | 550 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,901 | |||
Buildings and Equipment | 41,407 | |||
Total | 45,308 | |||
Accumulated Depreciation | (3,478) | |||
3200 Rodeo Court | ||||
Initial Cost to Company | ||||
Land | 3,201 | |||
Buildings and Equipment | 23,462 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,201 | |||
Buildings and Equipment | 23,462 | |||
Total | 26,663 | |||
Accumulated Depreciation | (1,241) | |||
4501 Industrial Drive | ||||
Initial Cost to Company | ||||
Land | 900 | |||
Buildings and Equipment | 3,485 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 900 | |||
Buildings and Equipment | 3,485 | |||
Total | 4,385 | |||
Accumulated Depreciation | (777) | |||
9860 West Buckeye Road | ||||
Initial Cost to Company | ||||
Land | 4,801 | |||
Buildings and Equipment | 26,716 | |||
Costs Capitalized Subsequent to Acquisition | 1 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,802 | |||
Buildings and Equipment | 26,716 | |||
Total | 31,518 | |||
Accumulated Depreciation | (2,468) | |||
3870 Ronald Reagan Boulevard | ||||
Initial Cost to Company | ||||
Land | 2,780 | |||
Buildings and Equipment | 9,722 | |||
Costs Capitalized Subsequent to Acquisition | (1) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,780 | |||
Buildings and Equipment | 9,721 | |||
Total | 12,501 | |||
Accumulated Depreciation | (1,532) | |||
125 North Troy Hill Road | ||||
Initial Cost to Company | ||||
Land | 5,402 | |||
Buildings and Equipment | 32,981 | |||
Costs Capitalized Subsequent to Acquisition | 10 | |||
Impairment/ Writedowns | (10,790) | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,882 | |||
Buildings and Equipment | 23,721 | |||
Total | 27,603 | |||
Accumulated Depreciation | (1,025) | |||
14257 E. Easter Avenue | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 10,563 | |||
Costs Capitalized Subsequent to Acquisition | 12 | |||
Impairment/ Writedowns | (2,607) | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,422 | |||
Buildings and Equipment | 8,347 | |||
Total | 9,769 | |||
Accumulated Depreciation | (507) | |||
955 Aeroplaza Drive | ||||
Initial Cost to Company | ||||
Land | 800 | |||
Buildings and Equipment | 7,412 | |||
Costs Capitalized Subsequent to Acquisition | 210 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 800 | |||
Buildings and Equipment | 7,622 | |||
Total | 8,422 | |||
Accumulated Depreciation | (1,672) | |||
13400 East 39th Avenue and 3800 Wheeling Street | ||||
Initial Cost to Company | ||||
Land | 3,100 | |||
Buildings and Equipment | 12,955 | |||
Costs Capitalized Subsequent to Acquisition | 16 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,100 | |||
Buildings and Equipment | 12,971 | |||
Total | 16,071 | |||
Accumulated Depreciation | (2,892) | |||
150 Greenhorn Drive | ||||
Initial Cost to Company | ||||
Land | 200 | |||
Buildings and Equipment | 4,177 | |||
Costs Capitalized Subsequent to Acquisition | 11 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 200 | |||
Buildings and Equipment | 4,188 | |||
Total | 4,388 | |||
Accumulated Depreciation | (931) | |||
2 Tower Drive | ||||
Initial Cost to Company | ||||
Land | 1,471 | |||
Buildings and Equipment | 2,165 | |||
Costs Capitalized Subsequent to Acquisition | 889 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,472 | |||
Buildings and Equipment | 3,053 | |||
Total | 4,525 | |||
Accumulated Depreciation | (1,269) | |||
50 Hollow Tree Lane | ||||
Initial Cost to Company | ||||
Land | 600 | |||
Buildings and Equipment | 4,793 | |||
Costs Capitalized Subsequent to Acquisition | 56 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 600 | |||
Buildings and Equipment | 4,849 | |||
Total | 5,449 | |||
Accumulated Depreciation | (298) | |||
235 Great Pond Road | ||||
Initial Cost to Company | ||||
Land | 2,400 | |||
Buildings and Equipment | 9,469 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,400 | |||
Buildings and Equipment | 9,469 | |||
Total | 11,869 | |||
Accumulated Depreciation | (2,703) | |||
2100 NW 82nd Avenue | ||||
Initial Cost to Company | ||||
Land | 144 | |||
Buildings and Equipment | 1,297 | |||
Costs Capitalized Subsequent to Acquisition | 454 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 144 | |||
Buildings and Equipment | 1,751 | |||
Total | 1,895 | |||
Accumulated Depreciation | (987) | |||
10450 Doral Boulevard | ||||
Initial Cost to Company | ||||
Land | 15,225 | |||
Buildings and Equipment | 28,102 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 15,225 | |||
Buildings and Equipment | 28,102 | |||
Total | 43,327 | |||
Accumulated Depreciation | (5,154) | |||
13509 Waterworks Street | ||||
Initial Cost to Company | ||||
Land | 3,701 | |||
Buildings and Equipment | 37,720 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (9,346) | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,866 | |||
Buildings and Equipment | 29,209 | |||
Total | 32,075 | |||
Accumulated Depreciation | (1,264) | |||
27200 SW 127th Avenue | ||||
Initial Cost to Company | ||||
Land | 24,808 | |||
Buildings and Equipment | 22,762 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (8,376) | |||
Gross Amount Carried at Close of Period | ||||
Land | 20,440 | |||
Buildings and Equipment | 18,754 | |||
Total | 39,194 | |||
Accumulated Depreciation | (812) | |||
3155 Grissom Parkway | ||||
Initial Cost to Company | ||||
Land | 3,101 | |||
Buildings and Equipment | 20,542 | |||
Costs Capitalized Subsequent to Acquisition | 18 | |||
Impairment/ Writedowns | (4,620) | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,495 | |||
Buildings and Equipment | 16,546 | |||
Total | 19,041 | |||
Accumulated Depreciation | (836) | |||
950 Bennett Road | ||||
Initial Cost to Company | ||||
Land | 2,701 | |||
Buildings and Equipment | 12,334 | |||
Costs Capitalized Subsequent to Acquisition | 213 | |||
Impairment/ Writedowns | (737) | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,566 | |||
Buildings and Equipment | 11,945 | |||
Total | 14,511 | |||
Accumulated Depreciation | (619) | |||
3736 Salisbury Road | ||||
Initial Cost to Company | ||||
Land | 1,600 | |||
Buildings and Equipment | 12,071 | |||
Costs Capitalized Subsequent to Acquisition | 185 | |||
Impairment/ Writedowns | (2,998) | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,252 | |||
Buildings and Equipment | 9,606 | |||
Total | 10,858 | |||
Accumulated Depreciation | (736) | |||
1341 N. Clyde Morris Boulevard | ||||
Initial Cost to Company | ||||
Land | 3,001 | |||
Buildings and Equipment | 38,858 | |||
Costs Capitalized Subsequent to Acquisition | 657 | |||
Impairment/ Writedowns | (1,762) | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,875 | |||
Buildings and Equipment | 37,879 | |||
Total | 40,754 | |||
Accumulated Depreciation | (1,614) | |||
5000 North Ridge Trail | ||||
Initial Cost to Company | ||||
Land | 4,001 | |||
Buildings and Equipment | 52,290 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,001 | |||
Buildings and Equipment | 52,290 | |||
Total | 56,291 | |||
Accumulated Depreciation | (2,764) | |||
14001 Jetport Loop | ||||
Initial Cost to Company | ||||
Land | 5,902 | |||
Buildings and Equipment | 25,616 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 5,902 | |||
Buildings and Equipment | 25,616 | |||
Total | 31,518 | |||
Accumulated Depreciation | (1,354) | |||
8411 Florida Mining Boulevard | ||||
Initial Cost to Company | ||||
Land | 7,602 | |||
Buildings and Equipment | 29,985 | |||
Costs Capitalized Subsequent to Acquisition | 19 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 7,602 | |||
Buildings and Equipment | 30,004 | |||
Total | 37,606 | |||
Accumulated Depreciation | (1,852) | |||
5101 West Waters Avenue | ||||
Initial Cost to Company | ||||
Land | 3,101 | |||
Buildings and Equipment | 12,134 | |||
Costs Capitalized Subsequent to Acquisition | 157 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,101 | |||
Buildings and Equipment | 12,291 | |||
Total | 15,392 | |||
Accumulated Depreciation | (914) | |||
3404 Cragmont Drive | ||||
Initial Cost to Company | ||||
Land | 1,600 | |||
Buildings and Equipment | 6,557 | |||
Costs Capitalized Subsequent to Acquisition | 156 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,600 | |||
Buildings and Equipment | 6,713 | |||
Total | 8,313 | |||
Accumulated Depreciation | (485) | |||
7569 Golf Course Boulevard | ||||
Initial Cost to Company | ||||
Land | 0 | |||
Buildings and Equipment | 6,042 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 0 | |||
Buildings and Equipment | 6,042 | |||
Total | 6,042 | |||
Accumulated Depreciation | (319) | |||
1900 Interstate Boulevard | ||||
Initial Cost to Company | ||||
Land | 500 | |||
Buildings and Equipment | 3,405 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 500 | |||
Buildings and Equipment | 3,405 | |||
Total | 3,905 | |||
Accumulated Depreciation | (209) | |||
2902 Gun Club Road | ||||
Initial Cost to Company | ||||
Land | 1,200 | |||
Buildings and Equipment | 9,861 | |||
Costs Capitalized Subsequent to Acquisition | 41 | |||
Impairment/ Writedowns | (6,995) | |||
Gross Amount Carried at Close of Period | ||||
Land | 441 | |||
Buildings and Equipment | 3,666 | |||
Total | 4,107 | |||
Accumulated Depreciation | (157) | |||
1078 Bertram Road | ||||
Initial Cost to Company | ||||
Land | 900 | |||
Buildings and Equipment | 1,867 | |||
Costs Capitalized Subsequent to Acquisition | 77 | |||
Impairment/ Writedowns | (1,374) | |||
Gross Amount Carried at Close of Period | ||||
Land | 454 | |||
Buildings and Equipment | 1,016 | |||
Total | 1,470 | |||
Accumulated Depreciation | (76) | |||
590 Northport Parkway | ||||
Initial Cost to Company | ||||
Land | 16,905 | |||
Buildings and Equipment | 66,945 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 16,905 | |||
Buildings and Equipment | 66,945 | |||
Total | 83,850 | |||
Accumulated Depreciation | (3,537) | |||
3150 Highway 42 | ||||
Initial Cost to Company | ||||
Land | 9,803 | |||
Buildings and Equipment | 109,420 | |||
Costs Capitalized Subsequent to Acquisition | 40 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 9,805 | |||
Buildings and Equipment | 109,458 | |||
Total | 119,263 | |||
Accumulated Depreciation | (5,785) | |||
650 Braselton Parkway | ||||
Initial Cost to Company | ||||
Land | 6,902 | |||
Buildings and Equipment | 82,238 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 6,902 | |||
Buildings and Equipment | 82,238 | |||
Total | 89,140 | |||
Accumulated Depreciation | (4,347) | |||
700 Hudson Road | ||||
Initial Cost to Company | ||||
Land | 900 | |||
Buildings and Equipment | 20,442 | |||
Costs Capitalized Subsequent to Acquisition | 243 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 900 | |||
Buildings and Equipment | 20,685 | |||
Total | 21,585 | |||
Accumulated Depreciation | (1,525) | |||
505 Morgan Lakes Industrial Blvd. | ||||
Initial Cost to Company | ||||
Land | 8,203 | |||
Buildings and Equipment | 31,714 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 8,203 | |||
Buildings and Equipment | 31,714 | |||
Total | 39,917 | |||
Accumulated Depreciation | (1,679) | |||
2002 International Boulevard | ||||
Initial Cost to Company | ||||
Land | 3,818 | |||
Buildings and Equipment | 30,780 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,818 | |||
Buildings and Equipment | 30,780 | |||
Total | 34,598 | |||
Accumulated Depreciation | (1,287) | |||
2815 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,818 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 6 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,818 | |||
Buildings and Equipment | 6 | |||
Total | 1,824 | |||
Accumulated Depreciation | (2) | |||
609 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 616 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 616 | |||
Buildings and Equipment | 0 | |||
Total | 616 | |||
Accumulated Depreciation | 0 | |||
2849 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 860 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 860 | |||
Buildings and Equipment | 0 | |||
Total | 860 | |||
Accumulated Depreciation | 0 | |||
709 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2839 Kilihau Street | ||||
Initial Cost to Company | ||||
Land | 627 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 627 | |||
Buildings and Equipment | 0 | |||
Total | 627 | |||
Accumulated Depreciation | 0 | |||
2906 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,814 | |||
Buildings and Equipment | 2 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,814 | |||
Buildings and Equipment | 2 | |||
Total | 1,816 | |||
Accumulated Depreciation | (1) | |||
733 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 3,403 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,403 | |||
Buildings and Equipment | 0 | |||
Total | 3,403 | |||
Accumulated Depreciation | (2) | |||
2864 Awaawaloa Street | ||||
Initial Cost to Company | ||||
Land | 1,836 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,836 | |||
Buildings and Equipment | 0 | |||
Total | 1,836 | |||
Accumulated Depreciation | 0 | |||
2850 Awaawaloa Street | ||||
Initial Cost to Company | ||||
Land | 287 | |||
Buildings and Equipment | 172 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 287 | |||
Buildings and Equipment | 172 | |||
Total | 459 | |||
Accumulated Depreciation | (86) | |||
2806 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2838 Kilihau Street | ||||
Initial Cost to Company | ||||
Land | 4,262 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,262 | |||
Buildings and Equipment | 0 | |||
Total | 4,262 | |||
Accumulated Depreciation | 0 | |||
852 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
812 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,960 | |||
Buildings and Equipment | 25 | |||
Costs Capitalized Subsequent to Acquisition | 626 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,611 | |||
Buildings and Equipment | 0 | |||
Total | 2,611 | |||
Accumulated Depreciation | 0 | |||
2969 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 4,038 | |||
Buildings and Equipment | 15 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,038 | |||
Buildings and Equipment | 15 | |||
Total | 4,053 | |||
Accumulated Depreciation | (11) | |||
855 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,834 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,834 | |||
Buildings and Equipment | 0 | |||
Total | 1,834 | |||
Accumulated Depreciation | 0 | |||
2855 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,807 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,807 | |||
Buildings and Equipment | 0 | |||
Total | 1,807 | |||
Accumulated Depreciation | 0 | |||
865 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,846 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 153 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,846 | |||
Buildings and Equipment | 153 | |||
Total | 1,999 | |||
Accumulated Depreciation | 0 | |||
719 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,960 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,960 | |||
Buildings and Equipment | 0 | |||
Total | 1,960 | |||
Accumulated Depreciation | 0 | |||
759 Puuloa Road | ||||
Initial Cost to Company | ||||
Land | 1,766 | |||
Buildings and Equipment | 3 | |||
Costs Capitalized Subsequent to Acquisition | (3) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,766 | |||
Buildings and Equipment | 0 | |||
Total | 1,766 | |||
Accumulated Depreciation | 0 | |||
770 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2915 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 2,579 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,579 | |||
Buildings and Equipment | 0 | |||
Total | 2,579 | |||
Accumulated Depreciation | 0 | |||
704 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 2,390 | |||
Buildings and Equipment | 685 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,390 | |||
Buildings and Equipment | 685 | |||
Total | 3,075 | |||
Accumulated Depreciation | (343) | |||
822 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,795 | |||
Buildings and Equipment | 15 | |||
Costs Capitalized Subsequent to Acquisition | (15) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,795 | |||
Buildings and Equipment | 0 | |||
Total | 1,795 | |||
Accumulated Depreciation | 0 | |||
842 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,795 | |||
Buildings and Equipment | 14 | |||
Costs Capitalized Subsequent to Acquisition | (14) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,795 | |||
Buildings and Equipment | 0 | |||
Total | 1,795 | |||
Accumulated Depreciation | 0 | |||
2839 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 1,942 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,942 | |||
Buildings and Equipment | 0 | |||
Total | 1,942 | |||
Accumulated Depreciation | 0 | |||
2861 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 3,867 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,867 | |||
Buildings and Equipment | 0 | |||
Total | 3,867 | |||
Accumulated Depreciation | 0 | |||
619 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,401 | |||
Buildings and Equipment | 2 | |||
Costs Capitalized Subsequent to Acquisition | 12 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,401 | |||
Buildings and Equipment | 14 | |||
Total | 1,415 | |||
Accumulated Depreciation | (4) | |||
2847 Awaawaloa Street | ||||
Initial Cost to Company | ||||
Land | 582 | |||
Buildings and Equipment | 303 | |||
Costs Capitalized Subsequent to Acquisition | 184 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 582 | |||
Buildings and Equipment | 487 | |||
Total | 1,069 | |||
Accumulated Depreciation | (189) | |||
2928 Kaihikapu Street - A | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2928 Kaihikapu Street - B | ||||
Initial Cost to Company | ||||
Land | 1,948 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,948 | |||
Buildings and Equipment | 0 | |||
Total | 1,948 | |||
Accumulated Depreciation | 0 | |||
850 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 2,682 | |||
Buildings and Equipment | 2 | |||
Costs Capitalized Subsequent to Acquisition | (2) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,682 | |||
Buildings and Equipment | 0 | |||
Total | 2,682 | |||
Accumulated Depreciation | 0 | |||
659 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 860 | |||
Buildings and Equipment | 20 | |||
Costs Capitalized Subsequent to Acquisition | (20) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 860 | |||
Buildings and Equipment | 0 | |||
Total | 860 | |||
Accumulated Depreciation | 0 | |||
2831 Awaawaloa Street | ||||
Initial Cost to Company | ||||
Land | 860 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 860 | |||
Buildings and Equipment | 0 | |||
Total | 860 | |||
Accumulated Depreciation | 0 | |||
2760 Kam Highway | ||||
Initial Cost to Company | ||||
Land | 703 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 191 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 703 | |||
Buildings and Equipment | 191 | |||
Total | 894 | |||
Accumulated Depreciation | (48) | |||
2965 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 2,140 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,140 | |||
Buildings and Equipment | 0 | |||
Total | 2,140 | |||
Accumulated Depreciation | 0 | |||
2814 Kilihau Street | ||||
Initial Cost to Company | ||||
Land | 1,925 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,925 | |||
Buildings and Equipment | 0 | |||
Total | 1,925 | |||
Accumulated Depreciation | 0 | |||
2804 Kilihau Street | ||||
Initial Cost to Company | ||||
Land | 1,775 | |||
Buildings and Equipment | 2 | |||
Costs Capitalized Subsequent to Acquisition | (2) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,775 | |||
Buildings and Equipment | 0 | |||
Total | 1,775 | |||
Accumulated Depreciation | 0 | |||
2833 Kilihau Street | ||||
Initial Cost to Company | ||||
Land | 601 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 601 | |||
Buildings and Equipment | 0 | |||
Total | 601 | |||
Accumulated Depreciation | 0 | |||
692 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,796 | |||
Buildings and Equipment | 2 | |||
Costs Capitalized Subsequent to Acquisition | (2) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,796 | |||
Buildings and Equipment | 0 | |||
Total | 1,796 | |||
Accumulated Depreciation | 0 | |||
669 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 14 | |||
Costs Capitalized Subsequent to Acquisition | 123 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 137 | |||
Total | 1,938 | |||
Accumulated Depreciation | (37) | |||
761 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 3,757 | |||
Buildings and Equipment | 2 | |||
Costs Capitalized Subsequent to Acquisition | 338 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,757 | |||
Buildings and Equipment | 340 | |||
Total | 4,097 | |||
Accumulated Depreciation | (71) | |||
702 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,784 | |||
Buildings and Equipment | 3 | |||
Costs Capitalized Subsequent to Acquisition | (3) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,784 | |||
Buildings and Equipment | 0 | |||
Total | 1,784 | |||
Accumulated Depreciation | 0 | |||
645 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 882 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 90 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 882 | |||
Buildings and Equipment | 90 | |||
Total | 972 | |||
Accumulated Depreciation | 0 | |||
675 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,081 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,081 | |||
Buildings and Equipment | 0 | |||
Total | 1,081 | |||
Accumulated Depreciation | 0 | |||
2858 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2857 Awaawaloa Street | ||||
Initial Cost to Company | ||||
Land | 983 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 983 | |||
Buildings and Equipment | 0 | |||
Total | 983 | |||
Accumulated Depreciation | 0 | |||
2812 Awaawaloa Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 3 | |||
Costs Capitalized Subsequent to Acquisition | (3) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2809 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,837 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,837 | |||
Buildings and Equipment | 0 | |||
Total | 1,837 | |||
Accumulated Depreciation | 0 | |||
803 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 3,804 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,804 | |||
Buildings and Equipment | 0 | |||
Total | 3,804 | |||
Accumulated Depreciation | 0 | |||
2889 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 1,783 | |||
Buildings and Equipment | 5 | |||
Costs Capitalized Subsequent to Acquisition | (5) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,783 | |||
Buildings and Equipment | 0 | |||
Total | 1,783 | |||
Accumulated Depreciation | 0 | |||
819 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 4,821 | |||
Buildings and Equipment | 583 | |||
Costs Capitalized Subsequent to Acquisition | 30 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,821 | |||
Buildings and Equipment | 613 | |||
Total | 5,434 | |||
Accumulated Depreciation | (307) | |||
830 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 25 | |||
Costs Capitalized Subsequent to Acquisition | (25) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2831 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,272 | |||
Buildings and Equipment | 529 | |||
Costs Capitalized Subsequent to Acquisition | 55 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,272 | |||
Buildings and Equipment | 584 | |||
Total | 1,856 | |||
Accumulated Depreciation | (288) | |||
2846-A Awaawaloa Street | ||||
Initial Cost to Company | ||||
Land | 2,181 | |||
Buildings and Equipment | 954 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,181 | |||
Buildings and Equipment | 954 | |||
Total | 3,135 | |||
Accumulated Depreciation | (478) | |||
2816 Awaawaloa Street | ||||
Initial Cost to Company | ||||
Land | 1,009 | |||
Buildings and Equipment | 27 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,009 | |||
Buildings and Equipment | 27 | |||
Total | 1,036 | |||
Accumulated Depreciation | (14) | |||
673 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
697 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 994 | |||
Buildings and Equipment | 811 | |||
Costs Capitalized Subsequent to Acquisition | (4) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 994 | |||
Buildings and Equipment | 807 | |||
Total | 1,801 | |||
Accumulated Depreciation | (405) | |||
808 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 3,279 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,279 | |||
Buildings and Equipment | 0 | |||
Total | 3,279 | |||
Accumulated Depreciation | 0 | |||
659 Puuloa Road | ||||
Initial Cost to Company | ||||
Land | 1,807 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,807 | |||
Buildings and Equipment | 0 | |||
Total | 1,807 | |||
Accumulated Depreciation | 0 | |||
666 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 860 | |||
Buildings and Equipment | 2 | |||
Costs Capitalized Subsequent to Acquisition | (2) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 860 | |||
Buildings and Equipment | 0 | |||
Total | 860 | |||
Accumulated Depreciation | 0 | |||
679 Puuloa Road | ||||
Initial Cost to Company | ||||
Land | 1,807 | |||
Buildings and Equipment | 3 | |||
Costs Capitalized Subsequent to Acquisition | (3) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,807 | |||
Buildings and Equipment | 0 | |||
Total | 1,807 | |||
Accumulated Depreciation | 0 | |||
673 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 20 | |||
Costs Capitalized Subsequent to Acquisition | (20) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2827 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2826 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 3,921 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,921 | |||
Buildings and Equipment | 0 | |||
Total | 3,921 | |||
Accumulated Depreciation | 0 | |||
685 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2844 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,960 | |||
Buildings and Equipment | 14 | |||
Costs Capitalized Subsequent to Acquisition | 62 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,960 | |||
Buildings and Equipment | 76 | |||
Total | 2,036 | |||
Accumulated Depreciation | 0 | |||
789 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 2,608 | |||
Buildings and Equipment | 3 | |||
Costs Capitalized Subsequent to Acquisition | (3) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,608 | |||
Buildings and Equipment | 0 | |||
Total | 2,608 | |||
Accumulated Depreciation | 0 | |||
2808 Kam Highway | ||||
Initial Cost to Company | ||||
Land | 310 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 310 | |||
Buildings and Equipment | 0 | |||
Total | 310 | |||
Accumulated Depreciation | 0 | |||
2815 Kilihau Street | ||||
Initial Cost to Company | ||||
Land | 287 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 287 | |||
Buildings and Equipment | 0 | |||
Total | 287 | |||
Accumulated Depreciation | 0 | |||
2821 Kilihau Street | ||||
Initial Cost to Company | ||||
Land | 287 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 287 | |||
Buildings and Equipment | 0 | |||
Total | 287 | |||
Accumulated Depreciation | 0 | |||
2829 Kilihau Street | ||||
Initial Cost to Company | ||||
Land | 287 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 287 | |||
Buildings and Equipment | 0 | |||
Total | 287 | |||
Accumulated Depreciation | 0 | |||
2819 Mokumoa Street - A | ||||
Initial Cost to Company | ||||
Land | 1,821 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,821 | |||
Buildings and Equipment | 0 | |||
Total | 1,821 | |||
Accumulated Depreciation | 0 | |||
2819 Mokumoa Street - B | ||||
Initial Cost to Company | ||||
Land | 1,816 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,816 | |||
Buildings and Equipment | 0 | |||
Total | 1,816 | |||
Accumulated Depreciation | 0 | |||
2879 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 1,789 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,789 | |||
Buildings and Equipment | 0 | |||
Total | 1,789 | |||
Accumulated Depreciation | 0 | |||
2927 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 1,778 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,778 | |||
Buildings and Equipment | 0 | |||
Total | 1,778 | |||
Accumulated Depreciation | 0 | |||
2833 Paa Street #2 | ||||
Initial Cost to Company | ||||
Land | 1,675 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,675 | |||
Buildings and Equipment | 0 | |||
Total | 1,675 | |||
Accumulated Depreciation | 0 | |||
855 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 3,265 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,265 | |||
Buildings and Equipment | 0 | |||
Total | 3,265 | |||
Accumulated Depreciation | 0 | |||
2829 Awaawaloa Street | ||||
Initial Cost to Company | ||||
Land | 1,720 | |||
Buildings and Equipment | 2 | |||
Costs Capitalized Subsequent to Acquisition | 82 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,720 | |||
Buildings and Equipment | 84 | |||
Total | 1,804 | |||
Accumulated Depreciation | 0 | |||
766 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2908 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,798 | |||
Buildings and Equipment | 23 | |||
Costs Capitalized Subsequent to Acquisition | (11) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,798 | |||
Buildings and Equipment | 12 | |||
Total | 1,810 | |||
Accumulated Depreciation | (4) | |||
729 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 18 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 18 | |||
Total | 1,819 | |||
Accumulated Depreciation | 0 | |||
739 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 18 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 18 | |||
Total | 1,819 | |||
Accumulated Depreciation | 0 | |||
2868 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
660 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,783 | |||
Buildings and Equipment | 4 | |||
Costs Capitalized Subsequent to Acquisition | 45 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,783 | |||
Buildings and Equipment | 49 | |||
Total | 1,832 | |||
Accumulated Depreciation | 0 | |||
2869 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 1,794 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,794 | |||
Buildings and Equipment | 0 | |||
Total | 1,794 | |||
Accumulated Depreciation | 0 | |||
2836 Awaawaloa Street | ||||
Initial Cost to Company | ||||
Land | 1,353 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,353 | |||
Buildings and Equipment | 0 | |||
Total | 1,353 | |||
Accumulated Depreciation | 0 | |||
113 Puuhale Road | ||||
Initial Cost to Company | ||||
Land | 3,729 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,729 | |||
Buildings and Equipment | 0 | |||
Total | 3,729 | |||
Accumulated Depreciation | 0 | |||
2140 Kaliawa Street | ||||
Initial Cost to Company | ||||
Land | 931 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 931 | |||
Buildings and Equipment | 0 | |||
Total | 931 | |||
Accumulated Depreciation | 0 | |||
165 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 758 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 758 | |||
Buildings and Equipment | 0 | |||
Total | 758 | |||
Accumulated Depreciation | 0 | |||
2106 Kaliawa Street | ||||
Initial Cost to Company | ||||
Land | 1,568 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 228 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,568 | |||
Buildings and Equipment | 228 | |||
Total | 1,796 | |||
Accumulated Depreciation | (144) | |||
140 Puuhale Road | ||||
Initial Cost to Company | ||||
Land | 1,100 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 41 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,100 | |||
Buildings and Equipment | 41 | |||
Total | 1,141 | |||
Accumulated Depreciation | (15) | |||
2020 Auiki Street | ||||
Initial Cost to Company | ||||
Land | 2,385 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,385 | |||
Buildings and Equipment | 0 | |||
Total | 2,385 | |||
Accumulated Depreciation | 0 | |||
2103 Kaliawa Street | ||||
Initial Cost to Company | ||||
Land | 3,212 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,212 | |||
Buildings and Equipment | 0 | |||
Total | 3,212 | |||
Accumulated Depreciation | 0 | |||
1926 Auiki Street | ||||
Initial Cost to Company | ||||
Land | 2,872 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 1,722 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,872 | |||
Buildings and Equipment | 1,722 | |||
Total | 4,594 | |||
Accumulated Depreciation | (772) | |||
1931 Kahai Street | ||||
Initial Cost to Company | ||||
Land | 3,779 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,779 | |||
Buildings and Equipment | 0 | |||
Total | 3,779 | |||
Accumulated Depreciation | 0 | |||
215 Puuhale Road | ||||
Initial Cost to Company | ||||
Land | 2,117 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,117 | |||
Buildings and Equipment | 0 | |||
Total | 2,117 | |||
Accumulated Depreciation | 0 | |||
207 Puuhale Road | ||||
Initial Cost to Company | ||||
Land | 2,024 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,024 | |||
Buildings and Equipment | 0 | |||
Total | 2,024 | |||
Accumulated Depreciation | 0 | |||
125 Puuhale Road | ||||
Initial Cost to Company | ||||
Land | 1,630 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,630 | |||
Buildings and Equipment | 0 | |||
Total | 1,630 | |||
Accumulated Depreciation | 0 | |||
125B Puuhale Road | ||||
Initial Cost to Company | ||||
Land | 2,815 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,815 | |||
Buildings and Equipment | 0 | |||
Total | 2,815 | |||
Accumulated Depreciation | 0 | |||
2001 Kahai Street | ||||
Initial Cost to Company | ||||
Land | 1,091 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,091 | |||
Buildings and Equipment | 0 | |||
Total | 1,091 | |||
Accumulated Depreciation | 0 | |||
2110 Auiki Street | ||||
Initial Cost to Company | ||||
Land | 837 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 837 | |||
Buildings and Equipment | 0 | |||
Total | 837 | |||
Accumulated Depreciation | 0 | |||
142 Mokauea Street | ||||
Initial Cost to Company | ||||
Land | 2,182 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 1,576 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,182 | |||
Buildings and Equipment | 1,576 | |||
Total | 3,758 | |||
Accumulated Depreciation | (593) | |||
2139 Kaliawa Street | ||||
Initial Cost to Company | ||||
Land | 885 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 885 | |||
Buildings and Equipment | 0 | |||
Total | 885 | |||
Accumulated Depreciation | 0 | |||
2122 Kaliawa Street | ||||
Initial Cost to Company | ||||
Land | 1,365 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,365 | |||
Buildings and Equipment | 0 | |||
Total | 1,365 | |||
Accumulated Depreciation | 0 | |||
148 Mokauea Street | ||||
Initial Cost to Company | ||||
Land | 3,476 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,476 | |||
Buildings and Equipment | 0 | |||
Total | 3,476 | |||
Accumulated Depreciation | 0 | |||
151 Puuhale Road | ||||
Initial Cost to Company | ||||
Land | 1,956 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 48 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,956 | |||
Buildings and Equipment | 48 | |||
Total | 2,004 | |||
Accumulated Depreciation | (4) | |||
2127 Auiki Street | ||||
Initial Cost to Company | ||||
Land | 2,906 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 67 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,906 | |||
Buildings and Equipment | 67 | |||
Total | 2,973 | |||
Accumulated Depreciation | (42) | |||
2144 Auiki Street | ||||
Initial Cost to Company | ||||
Land | 2,640 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 7,594 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,640 | |||
Buildings and Equipment | 7,594 | |||
Total | 10,234 | |||
Accumulated Depreciation | (3,197) | |||
179 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 2,480 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,480 | |||
Buildings and Equipment | 0 | |||
Total | 2,480 | |||
Accumulated Depreciation | 0 | |||
106 Puuhale Road | ||||
Initial Cost to Company | ||||
Land | 1,113 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 302 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,113 | |||
Buildings and Equipment | 302 | |||
Total | 1,415 | |||
Accumulated Depreciation | (128) | |||
120 Mokauea Street | ||||
Initial Cost to Company | ||||
Land | 1,953 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 1,106 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,953 | |||
Buildings and Equipment | 1,106 | |||
Total | 3,059 | |||
Accumulated Depreciation | (273) | |||
120B Mokauea Street | ||||
Initial Cost to Company | ||||
Land | 1,953 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 16 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,953 | |||
Buildings and Equipment | 16 | |||
Total | 1,969 | |||
Accumulated Depreciation | (1) | |||
231 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 752 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 752 | |||
Buildings and Equipment | 0 | |||
Total | 752 | |||
Accumulated Depreciation | 0 | |||
231B Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 1,539 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,539 | |||
Buildings and Equipment | 0 | |||
Total | 1,539 | |||
Accumulated Depreciation | 0 | |||
220 Puuhale Road | ||||
Initial Cost to Company | ||||
Land | 2,619 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,619 | |||
Buildings and Equipment | 0 | |||
Total | 2,619 | |||
Accumulated Depreciation | 0 | |||
150 Puuhale Road | ||||
Initial Cost to Company | ||||
Land | 4,887 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,887 | |||
Buildings and Equipment | 0 | |||
Total | 4,887 | |||
Accumulated Depreciation | 0 | |||
197 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 1,238 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,238 | |||
Buildings and Equipment | 0 | |||
Total | 1,238 | |||
Accumulated Depreciation | 0 | |||
2019 Kahai Street | ||||
Initial Cost to Company | ||||
Land | 1,377 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,377 | |||
Buildings and Equipment | 0 | |||
Total | 1,377 | |||
Accumulated Depreciation | 0 | |||
2344 Pahounui Drive | ||||
Initial Cost to Company | ||||
Land | 6,709 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 6,709 | |||
Buildings and Equipment | 0 | |||
Total | 6,709 | |||
Accumulated Depreciation | 0 | |||
238 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 2,273 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,273 | |||
Buildings and Equipment | 0 | |||
Total | 2,273 | |||
Accumulated Depreciation | 0 | |||
2308 Pahounui Drive | ||||
Initial Cost to Company | ||||
Land | 3,314 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,314 | |||
Buildings and Equipment | 0 | |||
Total | 3,314 | |||
Accumulated Depreciation | 0 | |||
2135 Auiki Street | ||||
Initial Cost to Company | ||||
Land | 825 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 825 | |||
Buildings and Equipment | 0 | |||
Total | 825 | |||
Accumulated Depreciation | 0 | |||
218 Mohonua Place | ||||
Initial Cost to Company | ||||
Land | 1,741 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,741 | |||
Buildings and Equipment | 0 | |||
Total | 1,741 | |||
Accumulated Depreciation | 0 | |||
180 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 1,655 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,655 | |||
Buildings and Equipment | 0 | |||
Total | 1,655 | |||
Accumulated Depreciation | 0 | |||
2250 Pahounui Drive | ||||
Initial Cost to Company | ||||
Land | 3,862 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,862 | |||
Buildings and Equipment | 0 | |||
Total | 3,862 | |||
Accumulated Depreciation | 0 | |||
158 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 2,488 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,488 | |||
Buildings and Equipment | 0 | |||
Total | 2,488 | |||
Accumulated Depreciation | 0 | |||
2264 Pahounui Drive | ||||
Initial Cost to Company | ||||
Land | 1,632 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,632 | |||
Buildings and Equipment | 0 | |||
Total | 1,632 | |||
Accumulated Depreciation | 0 | |||
2276 Pahounui Drive | ||||
Initial Cost to Company | ||||
Land | 1,619 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,619 | |||
Buildings and Equipment | 0 | |||
Total | 1,619 | |||
Accumulated Depreciation | 0 | |||
204 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 1,689 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,689 | |||
Buildings and Equipment | 0 | |||
Total | 1,689 | |||
Accumulated Depreciation | 0 | |||
228 Mohonua Place | ||||
Initial Cost to Company | ||||
Land | 1,865 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,865 | |||
Buildings and Equipment | 0 | |||
Total | 1,865 | |||
Accumulated Depreciation | 0 | |||
212 Mohonua Place | ||||
Initial Cost to Company | ||||
Land | 1,067 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,067 | |||
Buildings and Equipment | 0 | |||
Total | 1,067 | |||
Accumulated Depreciation | 0 | |||
214 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 1,864 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 593 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,864 | |||
Buildings and Equipment | 593 | |||
Total | 2,457 | |||
Accumulated Depreciation | (194) | |||
2879 Paa Street | ||||
Initial Cost to Company | ||||
Land | 1,691 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 45 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,691 | |||
Buildings and Equipment | 45 | |||
Total | 1,736 | |||
Accumulated Depreciation | (17) | |||
2833 Paa Street | ||||
Initial Cost to Company | ||||
Land | 1,701 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,701 | |||
Buildings and Equipment | 0 | |||
Total | 1,701 | |||
Accumulated Depreciation | 0 | |||
1055 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,216 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,216 | |||
Buildings and Equipment | 0 | |||
Total | 1,216 | |||
Accumulated Depreciation | 0 | |||
2875 Paa Street | ||||
Initial Cost to Company | ||||
Land | 1,330 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,330 | |||
Buildings and Equipment | 0 | |||
Total | 1,330 | |||
Accumulated Depreciation | 0 | |||
1000 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 2,252 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,252 | |||
Buildings and Equipment | 0 | |||
Total | 2,252 | |||
Accumulated Depreciation | 0 | |||
2850 Paa Street | ||||
Initial Cost to Company | ||||
Land | 22,827 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 22,827 | |||
Buildings and Equipment | 0 | |||
Total | 22,827 | |||
Accumulated Depreciation | 0 | |||
2828 Paa Street | ||||
Initial Cost to Company | ||||
Land | 12,448 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 12,448 | |||
Buildings and Equipment | 0 | |||
Total | 12,448 | |||
Accumulated Depreciation | 0 | |||
1045 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 819 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 819 | |||
Buildings and Equipment | 0 | |||
Total | 819 | |||
Accumulated Depreciation | 0 | |||
1122 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 5,781 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 5,781 | |||
Buildings and Equipment | 0 | |||
Total | 5,781 | |||
Accumulated Depreciation | 0 | |||
2810 Paa Street | ||||
Initial Cost to Company | ||||
Land | 3,340 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,340 | |||
Buildings and Equipment | 0 | |||
Total | 3,340 | |||
Accumulated Depreciation | 0 | |||
2886 Paa Street | ||||
Initial Cost to Company | ||||
Land | 2,205 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,205 | |||
Buildings and Equipment | 0 | |||
Total | 2,205 | |||
Accumulated Depreciation | 0 | |||
2810 Pukoloa Street | ||||
Initial Cost to Company | ||||
Land | 27,699 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 27,699 | |||
Buildings and Equipment | 0 | |||
Total | 27,699 | |||
Accumulated Depreciation | 0 | |||
1052 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,703 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 240 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,703 | |||
Buildings and Equipment | 240 | |||
Total | 1,943 | |||
Accumulated Depreciation | (110) | |||
1024 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,385 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,385 | |||
Buildings and Equipment | 0 | |||
Total | 1,385 | |||
Accumulated Depreciation | 0 | |||
1030 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 5,655 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 5,655 | |||
Buildings and Equipment | 0 | |||
Total | 5,655 | |||
Accumulated Depreciation | 0 | |||
1001 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 15,155 | |||
Buildings and Equipment | 3,312 | |||
Costs Capitalized Subsequent to Acquisition | 91 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 15,155 | |||
Buildings and Equipment | 3,403 | |||
Total | 18,558 | |||
Accumulated Depreciation | (1,694) | |||
944 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,219 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,219 | |||
Buildings and Equipment | 0 | |||
Total | 1,219 | |||
Accumulated Depreciation | 0 | |||
918 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 3,820 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,820 | |||
Buildings and Equipment | 0 | |||
Total | 3,820 | |||
Accumulated Depreciation | 0 | |||
2864 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 2,092 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,092 | |||
Buildings and Equipment | 0 | |||
Total | 2,092 | |||
Accumulated Depreciation | 0 | |||
1050 Kikowaena Place | ||||
Initial Cost to Company | ||||
Land | 1,404 | |||
Buildings and Equipment | 873 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,404 | |||
Buildings and Equipment | 873 | |||
Total | 2,277 | |||
Accumulated Depreciation | (438) | |||
949 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 11,568 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 11,568 | |||
Buildings and Equipment | 0 | |||
Total | 11,568 | |||
Accumulated Depreciation | 0 | |||
2855 Pukoloa Street | ||||
Initial Cost to Company | ||||
Land | 1,934 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,934 | |||
Buildings and Equipment | 0 | |||
Total | 1,934 | |||
Accumulated Depreciation | 0 | |||
2865 Pukoloa Street | ||||
Initial Cost to Company | ||||
Land | 1,934 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,934 | |||
Buildings and Equipment | 0 | |||
Total | 1,934 | |||
Accumulated Depreciation | 0 | |||
2850 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 2,143 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,143 | |||
Buildings and Equipment | 0 | |||
Total | 2,143 | |||
Accumulated Depreciation | 0 | |||
905 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,148 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,148 | |||
Buildings and Equipment | 0 | |||
Total | 1,148 | |||
Accumulated Depreciation | 0 | |||
1150 Kikowaena Street | ||||
Initial Cost to Company | ||||
Land | 2,445 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,445 | |||
Buildings and Equipment | 0 | |||
Total | 2,445 | |||
Accumulated Depreciation | 0 | |||
960 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 614 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 614 | |||
Buildings and Equipment | 0 | |||
Total | 614 | |||
Accumulated Depreciation | 0 | |||
1062 Kikowaena Place | ||||
Initial Cost to Company | ||||
Land | 1,049 | |||
Buildings and Equipment | 598 | |||
Costs Capitalized Subsequent to Acquisition | 183 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,049 | |||
Buildings and Equipment | 781 | |||
Total | 1,830 | |||
Accumulated Depreciation | (310) | |||
2829 Pukoloa Street | ||||
Initial Cost to Company | ||||
Land | 2,088 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,088 | |||
Buildings and Equipment | 0 | |||
Total | 2,088 | |||
Accumulated Depreciation | 0 | |||
2841 Pukoloa Street | ||||
Initial Cost to Company | ||||
Land | 2,088 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,088 | |||
Buildings and Equipment | 0 | |||
Total | 2,088 | |||
Accumulated Depreciation | 0 | |||
2819 Pukoloa Street | ||||
Initial Cost to Company | ||||
Land | 2,090 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 34 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,090 | |||
Buildings and Equipment | 34 | |||
Total | 2,124 | |||
Accumulated Depreciation | (13) | |||
950 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,724 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,724 | |||
Buildings and Equipment | 0 | |||
Total | 1,724 | |||
Accumulated Depreciation | 0 | |||
960 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,933 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,933 | |||
Buildings and Equipment | 0 | |||
Total | 1,933 | |||
Accumulated Depreciation | 0 | |||
930 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 3,654 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,654 | |||
Buildings and Equipment | 0 | |||
Total | 3,654 | |||
Accumulated Depreciation | 0 | |||
1038 Kikowaena Place | ||||
Initial Cost to Company | ||||
Land | 2,576 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,576 | |||
Buildings and Equipment | 0 | |||
Total | 2,576 | |||
Accumulated Depreciation | 0 | |||
1024 Kikowaena Place | ||||
Initial Cost to Company | ||||
Land | 1,818 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,818 | |||
Buildings and Equipment | 0 | |||
Total | 1,818 | |||
Accumulated Depreciation | 0 | |||
2970 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 1,722 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,722 | |||
Buildings and Equipment | 0 | |||
Total | 1,722 | |||
Accumulated Depreciation | 0 | |||
970 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 817 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 817 | |||
Buildings and Equipment | 0 | |||
Total | 817 | |||
Accumulated Depreciation | 0 | |||
2840 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 2,149 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,149 | |||
Buildings and Equipment | 0 | |||
Total | 2,149 | |||
Accumulated Depreciation | 0 | |||
2830 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 2,146 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,146 | |||
Buildings and Equipment | 0 | |||
Total | 2,146 | |||
Accumulated Depreciation | 0 | |||
1027 Kikowaena Place | ||||
Initial Cost to Company | ||||
Land | 5,444 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 5,444 | |||
Buildings and Equipment | 0 | |||
Total | 5,444 | |||
Accumulated Depreciation | 0 | |||
2960 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 1,977 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,977 | |||
Buildings and Equipment | 0 | |||
Total | 1,977 | |||
Accumulated Depreciation | 0 | |||
80 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 7,972 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 7,972 | |||
Buildings and Equipment | 0 | |||
Total | 7,972 | |||
Accumulated Depreciation | 0 | |||
94-240 Pupuole Street | ||||
Initial Cost to Company | ||||
Land | 717 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 717 | |||
Buildings and Equipment | 0 | |||
Total | 717 | |||
Accumulated Depreciation | 0 | |||
525 N. King Street | ||||
Initial Cost to Company | ||||
Land | 1,342 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,342 | |||
Buildings and Equipment | 0 | |||
Total | 1,342 | |||
Accumulated Depreciation | 0 | |||
1360 Pali Highway | ||||
Initial Cost to Company | ||||
Land | 9,170 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 59 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 9,170 | |||
Buildings and Equipment | 59 | |||
Total | 9,229 | |||
Accumulated Depreciation | (51) | |||
1330 Pali Highway | ||||
Initial Cost to Company | ||||
Land | 1,423 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,423 | |||
Buildings and Equipment | 0 | |||
Total | 1,423 | |||
Accumulated Depreciation | 0 | |||
33 S. Vineyard Boulevard | ||||
Initial Cost to Company | ||||
Land | 844 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 844 | |||
Buildings and Equipment | 0 | |||
Total | 844 | |||
Accumulated Depreciation | 0 | |||
848 Ala Lilikoi Street | ||||
Initial Cost to Company | ||||
Land | 9,426 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 9,426 | |||
Buildings and Equipment | 0 | |||
Total | 9,426 | |||
Accumulated Depreciation | 0 | |||
846 Ala Lilikoi Street | ||||
Initial Cost to Company | ||||
Land | 234 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 234 | |||
Buildings and Equipment | 0 | |||
Total | 234 | |||
Accumulated Depreciation | 0 | |||
2635 Waiwai Loop A | ||||
Initial Cost to Company | ||||
Land | 934 | |||
Buildings and Equipment | 350 | |||
Costs Capitalized Subsequent to Acquisition | 683 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 934 | |||
Buildings and Equipment | 1,033 | |||
Total | 1,967 | |||
Accumulated Depreciation | (411) | |||
2635 Waiwai Loop B | ||||
Initial Cost to Company | ||||
Land | 1,177 | |||
Buildings and Equipment | 105 | |||
Costs Capitalized Subsequent to Acquisition | 682 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,177 | |||
Buildings and Equipment | 787 | |||
Total | 1,964 | |||
Accumulated Depreciation | (288) | |||
120 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 1,132 | |||
Buildings and Equipment | 11,307 | |||
Costs Capitalized Subsequent to Acquisition | 1,798 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,132 | |||
Buildings and Equipment | 13,105 | |||
Total | 14,237 | |||
Accumulated Depreciation | (5,957) | |||
91-222 Olai | ||||
Initial Cost to Company | ||||
Land | 2,035 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 77 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,035 | |||
Buildings and Equipment | 77 | |||
Total | 2,112 | |||
Accumulated Depreciation | (7) | |||
91-265 Hanua | ||||
Initial Cost to Company | ||||
Land | 1,569 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,569 | |||
Buildings and Equipment | 0 | |||
Total | 1,569 | |||
Accumulated Depreciation | 0 | |||
91-255 Hanua | ||||
Initial Cost to Company | ||||
Land | 1,230 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 35 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,230 | |||
Buildings and Equipment | 35 | |||
Total | 1,265 | |||
Accumulated Depreciation | (11) | |||
91-241 Kalaeloa | ||||
Initial Cost to Company | ||||
Land | 426 | |||
Buildings and Equipment | 3,983 | |||
Costs Capitalized Subsequent to Acquisition | 883 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 426 | |||
Buildings and Equipment | 4,866 | |||
Total | 5,292 | |||
Accumulated Depreciation | (2,135) | |||
91-141 Kalaeloa | ||||
Initial Cost to Company | ||||
Land | 11,624 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 11,624 | |||
Buildings and Equipment | 0 | |||
Total | 11,624 | |||
Accumulated Depreciation | 0 | |||
91-250 Komohana | ||||
Initial Cost to Company | ||||
Land | 1,506 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,506 | |||
Buildings and Equipment | 0 | |||
Total | 1,506 | |||
Accumulated Depreciation | 0 | |||
91-202 Kalaeloa | ||||
Initial Cost to Company | ||||
Land | 1,722 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 326 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,722 | |||
Buildings and Equipment | 326 | |||
Total | 2,048 | |||
Accumulated Depreciation | (86) | |||
91-080 Hanua | ||||
Initial Cost to Company | ||||
Land | 2,187 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,187 | |||
Buildings and Equipment | 0 | |||
Total | 2,187 | |||
Accumulated Depreciation | 0 | |||
91-027 Kaomi Loop | ||||
Initial Cost to Company | ||||
Land | 2,667 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,667 | |||
Buildings and Equipment | 0 | |||
Total | 2,667 | |||
Accumulated Depreciation | 0 | |||
91-185 Kalaeloa | ||||
Initial Cost to Company | ||||
Land | 1,761 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 81 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,761 | |||
Buildings and Equipment | 81 | |||
Total | 1,842 | |||
Accumulated Depreciation | (6) | |||
91-329 Kauhi | ||||
Initial Cost to Company | ||||
Land | 294 | |||
Buildings and Equipment | 2,297 | |||
Costs Capitalized Subsequent to Acquisition | 2,825 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 294 | |||
Buildings and Equipment | 5,122 | |||
Total | 5,416 | |||
Accumulated Depreciation | (2,376) | |||
91-399 Kauhi | ||||
Initial Cost to Company | ||||
Land | 27,405 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 27,405 | |||
Buildings and Equipment | 0 | |||
Total | 27,405 | |||
Accumulated Depreciation | 0 | |||
91-086 Kaomi Loop | ||||
Initial Cost to Company | ||||
Land | 13,884 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 13,884 | |||
Buildings and Equipment | 0 | |||
Total | 13,884 | |||
Accumulated Depreciation | 0 | |||
91-349 Kauhi | ||||
Initial Cost to Company | ||||
Land | 649 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 649 | |||
Buildings and Equipment | 0 | |||
Total | 649 | |||
Accumulated Depreciation | 0 | |||
91-400 Komohana | ||||
Initial Cost to Company | ||||
Land | 1,494 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,494 | |||
Buildings and Equipment | 0 | |||
Total | 1,494 | |||
Accumulated Depreciation | 0 | |||
91-174 Olai | ||||
Initial Cost to Company | ||||
Land | 962 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 47 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 962 | |||
Buildings and Equipment | 47 | |||
Total | 1,009 | |||
Accumulated Depreciation | (31) | |||
91-218 Olai | ||||
Initial Cost to Company | ||||
Land | 1,622 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 62 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,622 | |||
Buildings and Equipment | 62 | |||
Total | 1,684 | |||
Accumulated Depreciation | (38) | |||
91-175 Olai | ||||
Initial Cost to Company | ||||
Land | 1,243 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 87 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,243 | |||
Buildings and Equipment | 87 | |||
Total | 1,330 | |||
Accumulated Depreciation | (41) | |||
91-210 Olai | ||||
Initial Cost to Company | ||||
Land | 706 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 706 | |||
Buildings and Equipment | 0 | |||
Total | 706 | |||
Accumulated Depreciation | 0 | |||
91-087 Hanua | ||||
Initial Cost to Company | ||||
Land | 381 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 381 | |||
Buildings and Equipment | 0 | |||
Total | 381 | |||
Accumulated Depreciation | 0 | |||
91-083 Hanua | ||||
Initial Cost to Company | ||||
Land | 716 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 716 | |||
Buildings and Equipment | 0 | |||
Total | 716 | |||
Accumulated Depreciation | 0 | |||
91-091 Hanua | ||||
Initial Cost to Company | ||||
Land | 552 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 552 | |||
Buildings and Equipment | 0 | |||
Total | 552 | |||
Accumulated Depreciation | 0 | |||
91-220 Kalaeloa | ||||
Initial Cost to Company | ||||
Land | 242 | |||
Buildings and Equipment | 1,457 | |||
Costs Capitalized Subsequent to Acquisition | 292 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 242 | |||
Buildings and Equipment | 1,749 | |||
Total | 1,991 | |||
Accumulated Depreciation | (730) | |||
91-252 Kauhi | ||||
Initial Cost to Company | ||||
Land | 536 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 536 | |||
Buildings and Equipment | 0 | |||
Total | 536 | |||
Accumulated Depreciation | 0 | |||
91-259 Olai | ||||
Initial Cost to Company | ||||
Land | 2,944 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,944 | |||
Buildings and Equipment | 0 | |||
Total | 2,944 | |||
Accumulated Depreciation | 0 | |||
91-238 Kauhi | ||||
Initial Cost to Company | ||||
Land | 1,390 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 9,495 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,390 | |||
Buildings and Equipment | 9,495 | |||
Total | 10,885 | |||
Accumulated Depreciation | (3,855) | |||
91-416 Komohana | ||||
Initial Cost to Company | ||||
Land | 713 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 11 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 713 | |||
Buildings and Equipment | 11 | |||
Total | 724 | |||
Accumulated Depreciation | (7) | |||
91-410 Komohana | ||||
Initial Cost to Company | ||||
Land | 418 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 12 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 418 | |||
Buildings and Equipment | 12 | |||
Total | 430 | |||
Accumulated Depreciation | (7) | |||
91-300 Hanua | ||||
Initial Cost to Company | ||||
Land | 1,381 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 18 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,381 | |||
Buildings and Equipment | 18 | |||
Total | 1,399 | |||
Accumulated Depreciation | (3) | |||
91-171 Olai | ||||
Initial Cost to Company | ||||
Land | 218 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 13 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 218 | |||
Buildings and Equipment | 13 | |||
Total | 231 | |||
Accumulated Depreciation | (10) | |||
91-210 Kauhi | ||||
Initial Cost to Company | ||||
Land | 567 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 679 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 567 | |||
Buildings and Equipment | 679 | |||
Total | 1,246 | |||
Accumulated Depreciation | (104) | |||
91-110 Kaomi Loop | ||||
Initial Cost to Company | ||||
Land | 1,293 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,293 | |||
Buildings and Equipment | 0 | |||
Total | 1,293 | |||
Accumulated Depreciation | 0 | |||
91-102 Kaomi Loop | ||||
Initial Cost to Company | ||||
Land | 1,599 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,599 | |||
Buildings and Equipment | 0 | |||
Total | 1,599 | |||
Accumulated Depreciation | 0 | |||
91-064 Kaomi Loop | ||||
Initial Cost to Company | ||||
Land | 1,826 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,826 | |||
Buildings and Equipment | 0 | |||
Total | 1,826 | |||
Accumulated Depreciation | 0 | |||
91-119 Olai | ||||
Initial Cost to Company | ||||
Land | 1,981 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,981 | |||
Buildings and Equipment | 0 | |||
Total | 1,981 | |||
Accumulated Depreciation | 0 | |||
91-150 Kaomi Loop | ||||
Initial Cost to Company | ||||
Land | 3,159 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,159 | |||
Buildings and Equipment | 0 | |||
Total | 3,159 | |||
Accumulated Depreciation | 0 | |||
Texaco Easement | ||||
Initial Cost to Company | ||||
Land | 2,657 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,657 | |||
Buildings and Equipment | 0 | |||
Total | 2,657 | |||
Accumulated Depreciation | 0 | |||
Tesaro 967 Easement | ||||
Initial Cost to Company | ||||
Land | 6,593 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 6,593 | |||
Buildings and Equipment | 0 | |||
Total | 6,593 | |||
Accumulated Depreciation | 0 | |||
AES HI Easement | ||||
Initial Cost to Company | ||||
Land | 1,250 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,250 | |||
Buildings and Equipment | 0 | |||
Total | 1,250 | |||
Accumulated Depreciation | 0 | |||
Other Easements & Lots | ||||
Initial Cost to Company | ||||
Land | 358 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 1,437 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 358 | |||
Buildings and Equipment | 1,437 | |||
Total | 1,795 | |||
Accumulated Depreciation | (765) | |||
889 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 5,888 | |||
Buildings and Equipment | 315 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 5,888 | |||
Buildings and Equipment | 315 | |||
Total | 6,203 | |||
Accumulated Depreciation | (87) | |||
951 Trails Road | ||||
Initial Cost to Company | ||||
Land | 470 | |||
Buildings and Equipment | 7,480 | |||
Costs Capitalized Subsequent to Acquisition | 2,301 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 471 | |||
Buildings and Equipment | 9,780 | |||
Total | 10,251 | |||
Accumulated Depreciation | (3,682) | |||
2300 North 33rd Avenue East | ||||
Initial Cost to Company | ||||
Land | 500 | |||
Buildings and Equipment | 13,236 | |||
Costs Capitalized Subsequent to Acquisition | 58 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 500 | |||
Buildings and Equipment | 13,294 | |||
Total | 13,794 | |||
Accumulated Depreciation | (5,078) | |||
3425 Maple Drive | ||||
Initial Cost to Company | ||||
Land | 100 | |||
Buildings and Equipment | 2,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 100 | |||
Buildings and Equipment | 2,000 | |||
Total | 2,100 | |||
Accumulated Depreciation | (270) | |||
4401 112th Street | ||||
Initial Cost to Company | ||||
Land | 800 | |||
Buildings and Equipment | 3,117 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 800 | |||
Buildings and Equipment | 3,117 | |||
Total | 3,917 | |||
Accumulated Depreciation | (288) | |||
7121 South Fifth Avenue | ||||
Initial Cost to Company | ||||
Land | 400 | |||
Buildings and Equipment | 4,201 | |||
Costs Capitalized Subsequent to Acquisition | 615 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 400 | |||
Buildings and Equipment | 4,816 | |||
Total | 5,216 | |||
Accumulated Depreciation | (1,035) | |||
2580 Technology Drive | ||||
Initial Cost to Company | ||||
Land | 1,500 | |||
Buildings and Equipment | 9,068 | |||
Costs Capitalized Subsequent to Acquisition | 16 | |||
Impairment/ Writedowns | (3,053) | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,067 | |||
Buildings and Equipment | 6,464 | |||
Total | 7,531 | |||
Accumulated Depreciation | (496) | |||
5795 Logistics Parkway | ||||
Initial Cost to Company | ||||
Land | 400 | |||
Buildings and Equipment | 3,368 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (688) | |||
Gross Amount Carried at Close of Period | ||||
Land | 327 | |||
Buildings and Equipment | 2,753 | |||
Total | 3,080 | |||
Accumulated Depreciation | (139) | |||
1602 Vincent Drive | ||||
Initial Cost to Company | ||||
Land | 1,400 | |||
Buildings and Equipment | 27,028 | |||
Costs Capitalized Subsequent to Acquisition | 444 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,400 | |||
Buildings and Equipment | 27,472 | |||
Total | 28,872 | |||
Accumulated Depreciation | (1,482) | |||
6 Konzen Court | ||||
Initial Cost to Company | ||||
Land | 900 | |||
Buildings and Equipment | 20,268 | |||
Costs Capitalized Subsequent to Acquisition | 375 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 900 | |||
Buildings and Equipment | 20,643 | |||
Total | 21,543 | |||
Accumulated Depreciation | (1,891) | |||
1000 Knell Road | ||||
Initial Cost to Company | ||||
Land | 2,101 | |||
Buildings and Equipment | 19,258 | |||
Costs Capitalized Subsequent to Acquisition | 34 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,101 | |||
Buildings and Equipment | 19,292 | |||
Total | 21,393 | |||
Accumulated Depreciation | (1,426) | |||
1430 South Wolf Road | ||||
Initial Cost to Company | ||||
Land | 4,702 | |||
Buildings and Equipment | 19,641 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,702 | |||
Buildings and Equipment | 19,641 | |||
Total | 24,343 | |||
Accumulated Depreciation | (1,038) | |||
1270 North Wilkening | ||||
Initial Cost to Company | ||||
Land | 2,801 | |||
Buildings and Equipment | 7,733 | |||
Costs Capitalized Subsequent to Acquisition | 23 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,801 | |||
Buildings and Equipment | 7,756 | |||
Total | 10,557 | |||
Accumulated Depreciation | (715) | |||
4472 Technology Drive | ||||
Initial Cost to Company | ||||
Land | 400 | |||
Buildings and Equipment | 5,912 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 400 | |||
Buildings and Equipment | 5,912 | |||
Total | 6,312 | |||
Accumulated Depreciation | (365) | |||
7019 High Grove Boulevard | ||||
Initial Cost to Company | ||||
Land | 800 | |||
Buildings and Equipment | 1,090 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 800 | |||
Buildings and Equipment | 1,090 | |||
Total | 1,890 | |||
Accumulated Depreciation | (67) | |||
1230 West 171st Street | ||||
Initial Cost to Company | ||||
Land | 800 | |||
Buildings and Equipment | 1,673 | |||
Costs Capitalized Subsequent to Acquisition | 266 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 800 | |||
Buildings and Equipment | 1,939 | |||
Total | 2,739 | |||
Accumulated Depreciation | (378) | |||
5156 American Road | ||||
Initial Cost to Company | ||||
Land | 400 | |||
Buildings and Equipment | 1,529 | |||
Costs Capitalized Subsequent to Acquisition | 348 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 400 | |||
Buildings and Equipment | 1,877 | |||
Total | 2,277 | |||
Accumulated Depreciation | (469) | |||
9215-9347 E Pendleton Pike | ||||
Initial Cost to Company | ||||
Land | 3,763 | |||
Buildings and Equipment | 34,877 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,763 | |||
Buildings and Equipment | 34,877 | |||
Total | 38,640 | |||
Accumulated Depreciation | (4,864) | |||
6825 West County Road 400 North | ||||
Initial Cost to Company | ||||
Land | 918 | |||
Buildings and Equipment | 14,300 | |||
Costs Capitalized Subsequent to Acquisition | 1,009 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 918 | |||
Buildings and Equipment | 15,309 | |||
Total | 16,227 | |||
Accumulated Depreciation | (2,234) | |||
900 Commerce Parkway West Drive | ||||
Initial Cost to Company | ||||
Land | 1,483 | |||
Buildings and Equipment | 16,253 | |||
Costs Capitalized Subsequent to Acquisition | 701 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,483 | |||
Buildings and Equipment | 16,954 | |||
Total | 18,437 | |||
Accumulated Depreciation | (2,278) | |||
2482 Century Drive | ||||
Initial Cost to Company | ||||
Land | 840 | |||
Buildings and Equipment | 9,061 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 840 | |||
Buildings and Equipment | 9,061 | |||
Total | 9,901 | |||
Accumulated Depreciation | (1,224) | |||
3201 Bearing Drive | ||||
Initial Cost to Company | ||||
Land | 1,100 | |||
Buildings and Equipment | 15,403 | |||
Costs Capitalized Subsequent to Acquisition | (1) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,100 | |||
Buildings and Equipment | 15,402 | |||
Total | 16,502 | |||
Accumulated Depreciation | (2,427) | |||
482 Chaney Avenue | ||||
Initial Cost to Company | ||||
Land | 2,401 | |||
Buildings and Equipment | 55,810 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,401 | |||
Buildings and Equipment | 55,810 | |||
Total | 58,211 | |||
Accumulated Depreciation | (3,441) | |||
1151 South Graham Road | ||||
Initial Cost to Company | ||||
Land | 7,002 | |||
Buildings and Equipment | 108,700 | |||
Costs Capitalized Subsequent to Acquisition | 145 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 7,002 | |||
Buildings and Equipment | 108,845 | |||
Total | 115,847 | |||
Accumulated Depreciation | (5,750) | |||
5440 Haggerty Lane | ||||
Initial Cost to Company | ||||
Land | 3,601 | |||
Buildings and Equipment | 31,058 | |||
Costs Capitalized Subsequent to Acquisition | 18 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,601 | |||
Buildings and Equipment | 31,076 | |||
Total | 34,677 | |||
Accumulated Depreciation | (1,644) | |||
8951 Mirabel Road | ||||
Initial Cost to Company | ||||
Land | 3,001 | |||
Buildings and Equipment | 36,978 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,001 | |||
Buildings and Equipment | 36,978 | |||
Total | 39,979 | |||
Accumulated Depreciation | (1,955) | |||
17001 West Mercury Street | ||||
Initial Cost to Company | ||||
Land | 5,741 | |||
Buildings and Equipment | 32,701 | |||
Costs Capitalized Subsequent to Acquisition | 400 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 5,740 | |||
Buildings and Equipment | 33,102 | |||
Total | 38,842 | |||
Accumulated Depreciation | (2,505) | |||
435 SE 70th Street | ||||
Initial Cost to Company | ||||
Land | 0 | |||
Buildings and Equipment | 3,563 | |||
Costs Capitalized Subsequent to Acquisition | 120 | |||
Impairment/ Writedowns | (594) | |||
Gross Amount Carried at Close of Period | ||||
Land | 0 | |||
Buildings and Equipment | 3,089 | |||
Total | 3,089 | |||
Accumulated Depreciation | (169) | |||
22525 West 167th Street | ||||
Initial Cost to Company | ||||
Land | 4,301 | |||
Buildings and Equipment | 52,183 | |||
Costs Capitalized Subsequent to Acquisition | (1) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,301 | |||
Buildings and Equipment | 52,182 | |||
Total | 56,483 | |||
Accumulated Depreciation | (2,758) | |||
2552 South 98th Street | ||||
Initial Cost to Company | ||||
Land | 3,601 | |||
Buildings and Equipment | 20,988 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,601 | |||
Buildings and Equipment | 20,988 | |||
Total | 24,589 | |||
Accumulated Depreciation | (1,294) | |||
2701 South 98th Street | ||||
Initial Cost to Company | ||||
Land | 2,701 | |||
Buildings and Equipment | 10,998 | |||
Costs Capitalized Subsequent to Acquisition | 400 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,701 | |||
Buildings and Equipment | 11,398 | |||
Total | 14,099 | |||
Accumulated Depreciation | (824) | |||
1985 International Way | ||||
Initial Cost to Company | ||||
Land | 1,453 | |||
Buildings and Equipment | 8,546 | |||
Costs Capitalized Subsequent to Acquisition | 1,621 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,453 | |||
Buildings and Equipment | 10,167 | |||
Total | 11,620 | |||
Accumulated Depreciation | (1,725) | |||
2311 South Park Road | ||||
Initial Cost to Company | ||||
Land | 1,600 | |||
Buildings and Equipment | 13,119 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,600 | |||
Buildings and Equipment | 13,119 | |||
Total | 14,719 | |||
Accumulated Depreciation | (692) | |||
1509 Leestown Road | ||||
Initial Cost to Company | ||||
Land | 4,801 | |||
Buildings and Equipment | 38,708 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,801 | |||
Buildings and Equipment | 38,708 | |||
Total | 43,509 | |||
Accumulated Depreciation | (2,388) | |||
4555 West Highway 146 | ||||
Initial Cost to Company | ||||
Land | 3,201 | |||
Buildings and Equipment | 39,977 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,201 | |||
Buildings and Equipment | 39,977 | |||
Total | 43,178 | |||
Accumulated Depreciation | (2,465) | |||
450 Northpointe Court | ||||
Initial Cost to Company | ||||
Land | 1,300 | |||
Buildings and Equipment | 26,883 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,300 | |||
Buildings and Equipment | 26,883 | |||
Total | 28,183 | |||
Accumulated Depreciation | (1,421) | |||
209 South Bud Street | ||||
Initial Cost to Company | ||||
Land | 700 | |||
Buildings and Equipment | 4,549 | |||
Costs Capitalized Subsequent to Acquisition | 42 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 701 | |||
Buildings and Equipment | 4,590 | |||
Total | 5,291 | |||
Accumulated Depreciation | (1,026) | |||
17200 Manchac Park Lane | ||||
Initial Cost to Company | ||||
Land | 1,700 | |||
Buildings and Equipment | 8,860 | |||
Costs Capitalized Subsequent to Acquisition | 151 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,700 | |||
Buildings and Equipment | 9,011 | |||
Total | 10,711 | |||
Accumulated Depreciation | (1,975) | |||
11900 Trolley Lane | ||||
Initial Cost to Company | ||||
Land | 8,203 | |||
Buildings and Equipment | 23,095 | |||
Costs Capitalized Subsequent to Acquisition | 179 | |||
Impairment/ Writedowns | (1,243) | |||
Gross Amount Carried at Close of Period | ||||
Land | 7,877 | |||
Buildings and Equipment | 22,357 | |||
Total | 30,234 | |||
Accumulated Depreciation | (1,124) | |||
4000 Principio Parkway | ||||
Initial Cost to Company | ||||
Land | 4,200 | |||
Buildings and Equipment | 71,518 | |||
Costs Capitalized Subsequent to Acquisition | 847 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,200 | |||
Buildings and Equipment | 72,365 | |||
Total | 76,565 | |||
Accumulated Depreciation | (16,113) | |||
3466 Shippers Drive | ||||
Initial Cost to Company | ||||
Land | 4,902 | |||
Buildings and Equipment | 29,780 | |||
Costs Capitalized Subsequent to Acquisition | 144 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,902 | |||
Buildings and Equipment | 29,924 | |||
Total | 34,826 | |||
Accumulated Depreciation | (1,580) | |||
1601 Brown Road | ||||
Initial Cost to Company | ||||
Land | 4,701 | |||
Buildings and Equipment | 57,812 | |||
Costs Capitalized Subsequent to Acquisition | 721 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,701 | |||
Buildings and Equipment | 58,533 | |||
Total | 63,234 | |||
Accumulated Depreciation | (3,178) | |||
38401 Amrhein Road | ||||
Initial Cost to Company | ||||
Land | 1,400 | |||
Buildings and Equipment | 14,778 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,400 | |||
Buildings and Equipment | 14,778 | |||
Total | 16,178 | |||
Accumulated Depreciation | (911) | |||
28000 Five M Center Drive | ||||
Initial Cost to Company | ||||
Land | 300 | |||
Buildings and Equipment | 8,530 | |||
Costs Capitalized Subsequent to Acquisition | 182 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 300 | |||
Buildings and Equipment | 8,712 | |||
Total | 9,012 | |||
Accumulated Depreciation | (553) | |||
3800 Midlink Drive | ||||
Initial Cost to Company | ||||
Land | 2,630 | |||
Buildings and Equipment | 40,599 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,630 | |||
Buildings and Equipment | 40,599 | |||
Total | 43,229 | |||
Accumulated Depreciation | (9,051) | |||
10100 89th Avenue N | ||||
Initial Cost to Company | ||||
Land | 3,469 | |||
Buildings and Equipment | 21,284 | |||
Costs Capitalized Subsequent to Acquisition | 868 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,469 | |||
Buildings and Equipment | 22,152 | |||
Total | 25,621 | |||
Accumulated Depreciation | (3,271) | |||
2427 Henry Road NW | ||||
Initial Cost to Company | ||||
Land | 1,300 | |||
Buildings and Equipment | 3,145 | |||
Costs Capitalized Subsequent to Acquisition | 13 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,300 | |||
Buildings and Equipment | 3,158 | |||
Total | 4,458 | |||
Accumulated Depreciation | (195) | |||
2401 Cram Avenue SE | ||||
Initial Cost to Company | ||||
Land | 100 | |||
Buildings and Equipment | 2,137 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 100 | |||
Buildings and Equipment | 2,137 | |||
Total | 2,237 | |||
Accumulated Depreciation | (476) | |||
5501 Providence Hill Drive | ||||
Initial Cost to Company | ||||
Land | 400 | |||
Buildings and Equipment | 3,500 | |||
Costs Capitalized Subsequent to Acquisition | 24 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 400 | |||
Buildings and Equipment | 3,524 | |||
Total | 3,924 | |||
Accumulated Depreciation | (487) | |||
3502 Enterprise Avenue | ||||
Initial Cost to Company | ||||
Land | 1,380 | |||
Buildings and Equipment | 12,121 | |||
Costs Capitalized Subsequent to Acquisition | 34 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,380 | |||
Buildings and Equipment | 12,155 | |||
Total | 13,535 | |||
Accumulated Depreciation | (1,636) | |||
5703 Mitchell Avenue | ||||
Initial Cost to Company | ||||
Land | 1,600 | |||
Buildings and Equipment | 19,085 | |||
Costs Capitalized Subsequent to Acquisition | 438 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,600 | |||
Buildings and Equipment | 19,523 | |||
Total | 21,123 | |||
Accumulated Depreciation | (1,823) | |||
10551 N Congress Avenue | ||||
Initial Cost to Company | ||||
Land | 600 | |||
Buildings and Equipment | 13,538 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 600 | |||
Buildings and Equipment | 13,538 | |||
Total | 14,138 | |||
Accumulated Depreciation | (716) | |||
831 Lone Star Drive | ||||
Initial Cost to Company | ||||
Land | 1,200 | |||
Buildings and Equipment | 7,304 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,200 | |||
Buildings and Equipment | 7,304 | |||
Total | 8,504 | |||
Accumulated Depreciation | (541) | |||
2901 E Heartland Drive | ||||
Initial Cost to Company | ||||
Land | 1,100 | |||
Buildings and Equipment | 6,886 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,100 | |||
Buildings and Equipment | 6,886 | |||
Total | 7,986 | |||
Accumulated Depreciation | (511) | |||
110 Stanbury Industrial Drive | ||||
Initial Cost to Company | ||||
Land | 200 | |||
Buildings and Equipment | 1,859 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (546) | |||
Gross Amount Carried at Close of Period | ||||
Land | 183 | |||
Buildings and Equipment | 1,330 | |||
Total | 1,513 | |||
Accumulated Depreciation | 3 | |||
12385 Crossroad Drive | ||||
Initial Cost to Company | ||||
Land | 3,301 | |||
Buildings and Equipment | 61,763 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,301 | |||
Buildings and Equipment | 61,763 | |||
Total | 65,064 | |||
Accumulated Depreciation | (3,810) | |||
8644 Polk Lane | ||||
Initial Cost to Company | ||||
Land | 900 | |||
Buildings and Equipment | 20,171 | |||
Costs Capitalized Subsequent to Acquisition | 318 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 901 | |||
Buildings and Equipment | 20,488 | |||
Total | 21,389 | |||
Accumulated Depreciation | (1,115) | |||
440 US Highway 49 South | ||||
Initial Cost to Company | ||||
Land | 200 | |||
Buildings and Equipment | 2,329 | |||
Costs Capitalized Subsequent to Acquisition | 3 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 200 | |||
Buildings and Equipment | 2,332 | |||
Total | 2,532 | |||
Accumulated Depreciation | (216) | |||
105 Business Park Drive | ||||
Initial Cost to Company | ||||
Land | 500 | |||
Buildings and Equipment | 1,949 | |||
Costs Capitalized Subsequent to Acquisition | 8 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 500 | |||
Buildings and Equipment | 1,957 | |||
Total | 2,457 | |||
Accumulated Depreciation | (179) | |||
590 Assembly Court | ||||
Initial Cost to Company | ||||
Land | 700 | |||
Buildings and Equipment | 9,410 | |||
Costs Capitalized Subsequent to Acquisition | 1 | |||
Impairment/ Writedowns | (2,328) | |||
Gross Amount Carried at Close of Period | ||||
Land | 540 | |||
Buildings and Equipment | 7,243 | |||
Total | 7,783 | |||
Accumulated Depreciation | (441) | |||
4350 Fortune Ave NW | ||||
Initial Cost to Company | ||||
Land | 4,401 | |||
Buildings and Equipment | 53,085 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,401 | |||
Buildings and Equipment | 53,085 | |||
Total | 57,486 | |||
Accumulated Depreciation | (2,806) | |||
4690 Global Avenue NW | ||||
Initial Cost to Company | ||||
Land | 4,601 | |||
Buildings and Equipment | 45,793 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,601 | |||
Buildings and Equipment | 45,793 | |||
Total | 50,394 | |||
Accumulated Depreciation | (2,420) | |||
6538 & 6526 Judge Adams Road | ||||
Initial Cost to Company | ||||
Land | 2,501 | |||
Buildings and Equipment | 46,343 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,501 | |||
Buildings and Equipment | 46,343 | |||
Total | 48,844 | |||
Accumulated Depreciation | (2,450) | |||
4040 Business Park Court | ||||
Initial Cost to Company | ||||
Land | 800 | |||
Buildings and Equipment | 8,411 | |||
Costs Capitalized Subsequent to Acquisition | 260 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 800 | |||
Buildings and Equipment | 8,671 | |||
Total | 9,471 | |||
Accumulated Depreciation | (530) | |||
3900 NE 6th Street | ||||
Initial Cost to Company | ||||
Land | 700 | |||
Buildings and Equipment | 3,223 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 700 | |||
Buildings and Equipment | 3,223 | |||
Total | 3,923 | |||
Accumulated Depreciation | (719) | |||
7130 Q Street | ||||
Initial Cost to Company | ||||
Land | 1,600 | |||
Buildings and Equipment | 7,390 | |||
Costs Capitalized Subsequent to Acquisition | 1 | |||
Impairment/ Writedowns | (2,138) | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,220 | |||
Buildings and Equipment | 5,633 | |||
Total | 6,853 | |||
Accumulated Depreciation | (343) | |||
1415 West Commerce Way | ||||
Initial Cost to Company | ||||
Land | 2,200 | |||
Buildings and Equipment | 8,518 | |||
Costs Capitalized Subsequent to Acquisition | 388 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,200 | |||
Buildings and Equipment | 8,906 | |||
Total | 11,106 | |||
Accumulated Depreciation | (2,035) | |||
52 Pettengill Road | ||||
Initial Cost to Company | ||||
Land | 5,871 | |||
Buildings and Equipment | 43,335 | |||
Costs Capitalized Subsequent to Acquisition | 7 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 5,871 | |||
Buildings and Equipment | 43,342 | |||
Total | 49,213 | |||
Accumulated Depreciation | (5,857) | |||
1135 Easton Avenue | ||||
Initial Cost to Company | ||||
Land | 3,601 | |||
Buildings and Equipment | 5,564 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,601 | |||
Buildings and Equipment | 5,564 | |||
Total | 9,165 | |||
Accumulated Depreciation | (515) | |||
584 US Highway 130 | ||||
Initial Cost to Company | ||||
Land | 70,422 | |||
Buildings and Equipment | 62,639 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 70,422 | |||
Buildings and Equipment | 62,639 | |||
Total | 133,061 | |||
Accumulated Depreciation | (3,311) | |||
725 Darlington Avenue | ||||
Initial Cost to Company | ||||
Land | 8,492 | |||
Buildings and Equipment | 9,451 | |||
Costs Capitalized Subsequent to Acquisition | 1,877 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 8,492 | |||
Buildings and Equipment | 11,328 | |||
Total | 19,820 | |||
Accumulated Depreciation | (2,903) | |||
309 Dulty's Lane | ||||
Initial Cost to Company | ||||
Land | 1,600 | |||
Buildings and Equipment | 51,400 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,600 | |||
Buildings and Equipment | 51,400 | |||
Total | 53,000 | |||
Accumulated Depreciation | (11,458) | |||
7000 West Post Road | ||||
Initial Cost to Company | ||||
Land | 4,230 | |||
Buildings and Equipment | 13,472 | |||
Costs Capitalized Subsequent to Acquisition | 246 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,230 | |||
Buildings and Equipment | 13,718 | |||
Total | 17,948 | |||
Accumulated Depreciation | (2,212) | |||
2375 East Newlands Road | ||||
Initial Cost to Company | ||||
Land | 1,100 | |||
Buildings and Equipment | 17,314 | |||
Costs Capitalized Subsequent to Acquisition | 286 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,100 | |||
Buildings and Equipment | 17,600 | |||
Total | 18,700 | |||
Accumulated Depreciation | (3,970) | |||
158 West Yard Road | ||||
Initial Cost to Company | ||||
Land | 1,870 | |||
Buildings and Equipment | 7,931 | |||
Costs Capitalized Subsequent to Acquisition | 477 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,869 | |||
Buildings and Equipment | 8,409 | |||
Total | 10,278 | |||
Accumulated Depreciation | (1,882) | |||
3779 Lake Shore Road | ||||
Initial Cost to Company | ||||
Land | 2,701 | |||
Buildings and Equipment | 38,186 | |||
Costs Capitalized Subsequent to Acquisition | 30 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,701 | |||
Buildings and Equipment | 38,216 | |||
Total | 40,917 | |||
Accumulated Depreciation | (2,021) | |||
1289 Walden Avenue | ||||
Initial Cost to Company | ||||
Land | 600 | |||
Buildings and Equipment | 6,314 | |||
Costs Capitalized Subsequent to Acquisition | 390 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 600 | |||
Buildings and Equipment | 6,704 | |||
Total | 7,304 | |||
Accumulated Depreciation | (618) | |||
4 Liebich Lane | ||||
Initial Cost to Company | ||||
Land | 400 | |||
Buildings and Equipment | 8,521 | |||
Costs Capitalized Subsequent to Acquisition | 13 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 400 | |||
Buildings and Equipment | 8,534 | |||
Total | 8,934 | |||
Accumulated Depreciation | (450) | |||
55 Commerce Avenue | ||||
Initial Cost to Company | ||||
Land | 1,000 | |||
Buildings and Equipment | 10,105 | |||
Costs Capitalized Subsequent to Acquisition | 492 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,000 | |||
Buildings and Equipment | 10,597 | |||
Total | 11,597 | |||
Accumulated Depreciation | (2,321) | |||
32150 Just Imagine Drive | ||||
Initial Cost to Company | ||||
Land | 2,200 | |||
Buildings and Equipment | 23,280 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,200 | |||
Buildings and Equipment | 23,280 | |||
Total | 25,480 | |||
Accumulated Depreciation | (8,488) | |||
1580, 1590 & 1600 Williams Road | ||||
Initial Cost to Company | ||||
Land | 2,060 | |||
Buildings and Equipment | 29,143 | |||
Costs Capitalized Subsequent to Acquisition | 361 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,060 | |||
Buildings and Equipment | 29,504 | |||
Total | 31,564 | |||
Accumulated Depreciation | (4,593) | |||
7303 Rickenbacker Parkway West | ||||
Initial Cost to Company | ||||
Land | 1,491 | |||
Buildings and Equipment | 27,407 | |||
Costs Capitalized Subsequent to Acquisition | 3 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,494 | |||
Buildings and Equipment | 27,407 | |||
Total | 28,901 | |||
Accumulated Depreciation | (1,979) | |||
3245 Henry Road and 3185 Columbia Road | ||||
Initial Cost to Company | ||||
Land | 2,499 | |||
Buildings and Equipment | 21,640 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,499 | |||
Buildings and Equipment | 21,640 | |||
Total | 24,139 | |||
Accumulated Depreciation | (1,333) | |||
8341 Industrial Parkway | ||||
Initial Cost to Company | ||||
Land | 6,702 | |||
Buildings and Equipment | 97,563 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 6,702 | |||
Buildings and Equipment | 97,563 | |||
Total | 104,265 | |||
Accumulated Depreciation | (5,157) | |||
201 Exploration Drive | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 38,868 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 38,868 | |||
Total | 40,669 | |||
Accumulated Depreciation | (2,054) | |||
9780 Mopar Drive | ||||
Initial Cost to Company | ||||
Land | 2,701 | |||
Buildings and Equipment | 26,021 | |||
Costs Capitalized Subsequent to Acquisition | 736 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,701 | |||
Buildings and Equipment | 26,757 | |||
Total | 29,458 | |||
Accumulated Depreciation | (1,702) | |||
2465 Fontaine Street | ||||
Initial Cost to Company | ||||
Land | 1,000 | |||
Buildings and Equipment | 19,323 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,000 | |||
Buildings and Equipment | 19,323 | |||
Total | 20,323 | |||
Accumulated Depreciation | (1,021) | |||
4651 Prosper Drive | ||||
Initial Cost to Company | ||||
Land | 1,400 | |||
Buildings and Equipment | 30,772 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,400 | |||
Buildings and Equipment | 30,772 | |||
Total | 32,172 | |||
Accumulated Depreciation | (1,627) | |||
747 Mill Park Drive | ||||
Initial Cost to Company | ||||
Land | 1,400 | |||
Buildings and Equipment | 17,609 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,400 | |||
Buildings and Equipment | 17,609 | |||
Total | 19,009 | |||
Accumulated Depreciation | (931) | |||
9667 Inter-Ocean Drive | ||||
Initial Cost to Company | ||||
Land | 1,300 | |||
Buildings and Equipment | 10,880 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,300 | |||
Buildings and Equipment | 10,880 | |||
Total | 12,180 | |||
Accumulated Depreciation | (805) | |||
5313 Majestic Parkway | ||||
Initial Cost to Company | ||||
Land | 1,100 | |||
Buildings and Equipment | 8,107 | |||
Costs Capitalized Subsequent to Acquisition | 138 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,100 | |||
Buildings and Equipment | 8,245 | |||
Total | 9,345 | |||
Accumulated Depreciation | (755) | |||
1115 Regina Graeter Way | ||||
Initial Cost to Company | ||||
Land | 700 | |||
Buildings and Equipment | 7,908 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 700 | |||
Buildings and Equipment | 7,908 | |||
Total | 8,608 | |||
Accumulated Depreciation | (418) | |||
4170 Columbia Road | ||||
Initial Cost to Company | ||||
Land | 400 | |||
Buildings and Equipment | 9,841 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 400 | |||
Buildings and Equipment | 9,841 | |||
Total | 10,241 | |||
Accumulated Depreciation | (520) | |||
1415 Industrial Drive | ||||
Initial Cost to Company | ||||
Land | 1,200 | |||
Buildings and Equipment | 3,265 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,200 | |||
Buildings and Equipment | 3,265 | |||
Total | 4,465 | |||
Accumulated Depreciation | (728) | |||
200 Orange Point Drive | ||||
Initial Cost to Company | ||||
Land | 1,300 | |||
Buildings and Equipment | 8,613 | |||
Costs Capitalized Subsequent to Acquisition | 162 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,300 | |||
Buildings and Equipment | 8,775 | |||
Total | 10,075 | |||
Accumulated Depreciation | (2,007) | |||
301 Commerce Drive | ||||
Initial Cost to Company | ||||
Land | 600 | |||
Buildings and Equipment | 4,530 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 600 | |||
Buildings and Equipment | 4,530 | |||
Total | 5,130 | |||
Accumulated Depreciation | (1,010) | |||
5300 Centerpoint Parkway | ||||
Initial Cost to Company | ||||
Land | 2,700 | |||
Buildings and Equipment | 29,863 | |||
Costs Capitalized Subsequent to Acquisition | 344 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,700 | |||
Buildings and Equipment | 30,207 | |||
Total | 32,907 | |||
Accumulated Depreciation | (6,691) | |||
2701 S.W. 18TH Street | ||||
Initial Cost to Company | ||||
Land | 2,401 | |||
Buildings and Equipment | 18,865 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (5,675) | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,761 | |||
Buildings and Equipment | 13,830 | |||
Total | 15,591 | |||
Accumulated Depreciation | (599) | |||
8000 Mid America Blvd. | ||||
Initial Cost to Company | ||||
Land | 900 | |||
Buildings and Equipment | 12,813 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (1,814) | |||
Gross Amount Carried at Close of Period | ||||
Land | 781 | |||
Buildings and Equipment | 11,118 | |||
Total | 11,899 | |||
Accumulated Depreciation | (562) | |||
1414 South Council Road | ||||
Initial Cost to Company | ||||
Land | 5,002 | |||
Buildings and Equipment | 39,952 | |||
Costs Capitalized Subsequent to Acquisition | 12 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 5,002 | |||
Buildings and Equipment | 39,964 | |||
Total | 44,966 | |||
Accumulated Depreciation | (2,112) | |||
6101 SW 44th Street | ||||
Initial Cost to Company | ||||
Land | 2,401 | |||
Buildings and Equipment | 13,868 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,401 | |||
Buildings and Equipment | 13,868 | |||
Total | 16,269 | |||
Accumulated Depreciation | (733) | |||
2759 North Garnett Road | ||||
Initial Cost to Company | ||||
Land | 800 | |||
Buildings and Equipment | 4,879 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 800 | |||
Buildings and Equipment | 4,879 | |||
Total | 5,679 | |||
Accumulated Depreciation | (258) | |||
2820 State Highway 31 | ||||
Initial Cost to Company | ||||
Land | 581 | |||
Buildings and Equipment | 2,237 | |||
Costs Capitalized Subsequent to Acquisition | 4,582 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 581 | |||
Buildings and Equipment | 6,819 | |||
Total | 7,400 | |||
Accumulated Depreciation | (1,220) | |||
1729 Pennsylvania Avenue | ||||
Initial Cost to Company | ||||
Land | 1,200 | |||
Buildings and Equipment | 13,257 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (2,173) | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,020 | |||
Buildings and Equipment | 11,264 | |||
Total | 12,284 | |||
Accumulated Depreciation | (1,153) | |||
101 North Campus Drive | ||||
Initial Cost to Company | ||||
Land | 3,801 | |||
Buildings and Equipment | 26,700 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,801 | |||
Buildings and Equipment | 26,700 | |||
Total | 30,501 | |||
Accumulated Depreciation | (1,411) | |||
231 Theater Drive | ||||
Initial Cost to Company | ||||
Land | 1,400 | |||
Buildings and Equipment | 9,864 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,400 | |||
Buildings and Equipment | 9,864 | |||
Total | 11,264 | |||
Accumulated Depreciation | (608) | |||
700 Marine Drive | ||||
Initial Cost to Company | ||||
Land | 820 | |||
Buildings and Equipment | 8,381 | |||
Costs Capitalized Subsequent to Acquisition | 798 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 820 | |||
Buildings and Equipment | 9,179 | |||
Total | 9,999 | |||
Accumulated Depreciation | (1,468) | |||
1990 Hood Road | ||||
Initial Cost to Company | ||||
Land | 400 | |||
Buildings and Equipment | 10,702 | |||
Costs Capitalized Subsequent to Acquisition | (1) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 400 | |||
Buildings and Equipment | 10,701 | |||
Total | 11,101 | |||
Accumulated Depreciation | (1,446) | |||
7410 Magi Drive | ||||
Initial Cost to Company | ||||
Land | 2,401 | |||
Buildings and Equipment | 31,029 | |||
Costs Capitalized Subsequent to Acquisition | 197 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,401 | |||
Buildings and Equipment | 31,226 | |||
Total | 33,627 | |||
Accumulated Depreciation | (2,295) | |||
6850 Weber Boulevard | ||||
Initial Cost to Company | ||||
Land | 11,604 | |||
Buildings and Equipment | 44,602 | |||
Costs Capitalized Subsequent to Acquisition | (2) | |||
Impairment/ Writedowns | (12,228) | |||
Gross Amount Carried at Close of Period | ||||
Land | 9,077 | |||
Buildings and Equipment | 34,899 | |||
Total | 43,976 | |||
Accumulated Depreciation | (1,510) | |||
1892 Anfield Road | ||||
Initial Cost to Company | ||||
Land | 4,001 | |||
Buildings and Equipment | 21,179 | |||
Costs Capitalized Subsequent to Acquisition | 1 | |||
Impairment/ Writedowns | (3,822) | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,394 | |||
Buildings and Equipment | 17,965 | |||
Total | 21,359 | |||
Accumulated Depreciation | (778) | |||
7409 Magi Drive | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 13,651 | |||
Costs Capitalized Subsequent to Acquisition | 12 | |||
Impairment/ Writedowns | (1,389) | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,640 | |||
Buildings and Equipment | 12,435 | |||
Total | 14,075 | |||
Accumulated Depreciation | (628) | |||
1103 Powderhouse Road SE | ||||
Initial Cost to Company | ||||
Land | 1,200 | |||
Buildings and Equipment | 36,140 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,200 | |||
Buildings and Equipment | 36,140 | |||
Total | 37,340 | |||
Accumulated Depreciation | (1,910) | |||
3058 Lakemont Blvd | ||||
Initial Cost to Company | ||||
Land | 2,901 | |||
Buildings and Equipment | 33,304 | |||
Costs Capitalized Subsequent to Acquisition | 20 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,901 | |||
Buildings and Equipment | 33,324 | |||
Total | 36,225 | |||
Accumulated Depreciation | (1,763) | |||
510 John Dodd Road | ||||
Initial Cost to Company | ||||
Land | 3,300 | |||
Buildings and Equipment | 57,998 | |||
Costs Capitalized Subsequent to Acquisition | 418 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,300 | |||
Buildings and Equipment | 58,416 | |||
Total | 61,716 | |||
Accumulated Depreciation | (13,022) | |||
996 Paragon Way | ||||
Initial Cost to Company | ||||
Land | 2,334 | |||
Buildings and Equipment | 35,920 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,334 | |||
Buildings and Equipment | 35,920 | |||
Total | 38,254 | |||
Accumulated Depreciation | (8,008) | |||
5001 West Delbridge Street | ||||
Initial Cost to Company | ||||
Land | 2,570 | |||
Buildings and Equipment | 14,832 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,570 | |||
Buildings and Equipment | 14,832 | |||
Total | 17,402 | |||
Accumulated Depreciation | (2,003) | |||
5025 Tuggle Road | ||||
Initial Cost to Company | ||||
Land | 1,400 | |||
Buildings and Equipment | 31,520 | |||
Costs Capitalized Subsequent to Acquisition | 56 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,400 | |||
Buildings and Equipment | 31,576 | |||
Total | 32,976 | |||
Accumulated Depreciation | (1,947) | |||
900 Hutchinson Place | ||||
Initial Cost to Company | ||||
Land | 2,601 | |||
Buildings and Equipment | 31,582 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,601 | |||
Buildings and Equipment | 31,582 | |||
Total | 34,183 | |||
Accumulated Depreciation | (2,921) | |||
6023 Century Oaks Drive | ||||
Initial Cost to Company | ||||
Land | 500 | |||
Buildings and Equipment | 5,759 | |||
Costs Capitalized Subsequent to Acquisition | 214 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 500 | |||
Buildings and Equipment | 5,973 | |||
Total | 6,473 | |||
Accumulated Depreciation | (561) | |||
3774 Snyder Road | ||||
Initial Cost to Company | ||||
Land | 3,201 | |||
Buildings and Equipment | 30,564 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,201 | |||
Buildings and Equipment | 30,564 | |||
Total | 33,765 | |||
Accumulated Depreciation | (1,616) | |||
4836 Hickory Hill Road | ||||
Initial Cost to Company | ||||
Land | 1,402 | |||
Buildings and Equipment | 10,769 | |||
Costs Capitalized Subsequent to Acquisition | 1,632 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,402 | |||
Buildings and Equipment | 12,401 | |||
Total | 13,803 | |||
Accumulated Depreciation | (2,895) | |||
2020 Joe B. Jackson Parkway | ||||
Initial Cost to Company | ||||
Land | 7,500 | |||
Buildings and Equipment | 55,259 | |||
Costs Capitalized Subsequent to Acquisition | 300 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 7,500 | |||
Buildings and Equipment | 55,559 | |||
Total | 63,059 | |||
Accumulated Depreciation | (12,398) | |||
11501 Wilkinson Drive | ||||
Initial Cost to Company | ||||
Land | 2,401 | |||
Buildings and Equipment | 19,665 | |||
Costs Capitalized Subsequent to Acquisition | (1) | |||
Impairment/ Writedowns | (2,259) | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,155 | |||
Buildings and Equipment | 17,651 | |||
Total | 19,806 | |||
Accumulated Depreciation | (1,074) | |||
5005 Samuell Blvd. | ||||
Initial Cost to Company | ||||
Land | 6,366 | |||
Buildings and Equipment | 62,879 | |||
Costs Capitalized Subsequent to Acquisition | 2,291 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 6,366 | |||
Buildings and Equipment | 65,170 | |||
Total | 71,536 | |||
Accumulated Depreciation | (3,468) | |||
2701 Texas Longhorn Way | ||||
Initial Cost to Company | ||||
Land | 9,303 | |||
Buildings and Equipment | 42,504 | |||
Costs Capitalized Subsequent to Acquisition | 524 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 9,303 | |||
Buildings and Equipment | 43,028 | |||
Total | 52,331 | |||
Accumulated Depreciation | (2,247) | |||
2000 Luna Road | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 25,816 | |||
Costs Capitalized Subsequent to Acquisition | 31 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 25,847 | |||
Total | 27,648 | |||
Accumulated Depreciation | (1,595) | |||
21200 Spring Plaza Drive | ||||
Initial Cost to Company | ||||
Land | 2,701 | |||
Buildings and Equipment | 29,832 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,701 | |||
Buildings and Equipment | 29,832 | |||
Total | 32,533 | |||
Accumulated Depreciation | (1,840) | |||
502 West Independence Drive | ||||
Initial Cost to Company | ||||
Land | 800 | |||
Buildings and Equipment | 19,673 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 800 | |||
Buildings and Equipment | 19,673 | |||
Total | 20,473 | |||
Accumulated Depreciation | (1,040) | |||
800 Lindale Industrial Parkway | ||||
Initial Cost to Company | ||||
Land | 800 | |||
Buildings and Equipment | 18,947 | |||
Costs Capitalized Subsequent to Acquisition | 692 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 800 | |||
Buildings and Equipment | 19,639 | |||
Total | 20,439 | |||
Accumulated Depreciation | (1,123) | |||
685 Alliance Parkway | ||||
Initial Cost to Company | ||||
Land | 800 | |||
Buildings and Equipment | 23,207 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 800 | |||
Buildings and Equipment | 23,207 | |||
Total | 24,007 | |||
Accumulated Depreciation | (1,431) | |||
16211 Air Center Boulevard | ||||
Initial Cost to Company | ||||
Land | 1,600 | |||
Buildings and Equipment | 13,529 | |||
Costs Capitalized Subsequent to Acquisition | 121 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,600 | |||
Buildings and Equipment | 13,650 | |||
Total | 15,250 | |||
Accumulated Depreciation | (721) | |||
246 Glasson Drive | ||||
Initial Cost to Company | ||||
Land | 0 | |||
Buildings and Equipment | 9,596 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 0 | |||
Buildings and Equipment | 9,596 | |||
Total | 9,596 | |||
Accumulated Depreciation | (507) | |||
985 Kershaw Street | ||||
Initial Cost to Company | ||||
Land | 2,301 | |||
Buildings and Equipment | 13,994 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (1,903) | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,032 | |||
Buildings and Equipment | 12,360 | |||
Total | 14,392 | |||
Accumulated Depreciation | (535) | |||
1095 South 4800 West | ||||
Initial Cost to Company | ||||
Land | 1,500 | |||
Buildings and Equipment | 6,913 | |||
Costs Capitalized Subsequent to Acquisition | 20 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,500 | |||
Buildings and Equipment | 6,933 | |||
Total | 8,433 | |||
Accumulated Depreciation | (1,550) | |||
8800 Studley Road | ||||
Initial Cost to Company | ||||
Land | 1,100 | |||
Buildings and Equipment | 10,813 | |||
Costs Capitalized Subsequent to Acquisition | 58 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,100 | |||
Buildings and Equipment | 10,871 | |||
Total | 11,971 | |||
Accumulated Depreciation | (1,005) | |||
1935 Blue Hills Drive | ||||
Initial Cost to Company | ||||
Land | 1,300 | |||
Buildings and Equipment | 13,908 | |||
Costs Capitalized Subsequent to Acquisition | 39 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,300 | |||
Buildings and Equipment | 13,947 | |||
Total | 15,247 | |||
Accumulated Depreciation | (859) | |||
3736 Tom Andrews Road | ||||
Initial Cost to Company | ||||
Land | 600 | |||
Buildings and Equipment | 9,273 | |||
Costs Capitalized Subsequent to Acquisition | 46 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 600 | |||
Buildings and Equipment | 9,319 | |||
Total | 9,919 | |||
Accumulated Depreciation | (573) | |||
2300 Westmoreland Street | ||||
Initial Cost to Company | ||||
Land | 600 | |||
Buildings and Equipment | 6,109 | |||
Costs Capitalized Subsequent to Acquisition | 51 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 600 | |||
Buildings and Equipment | 6,160 | |||
Total | 6,760 | |||
Accumulated Depreciation | (455) | |||
1122 Stony Ridge Road | ||||
Initial Cost to Company | ||||
Land | 2,101 | |||
Buildings and Equipment | 6,051 | |||
Costs Capitalized Subsequent to Acquisition | 233 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,101 | |||
Buildings and Equipment | 6,284 | |||
Total | 8,385 | |||
Accumulated Depreciation | (321) | |||
1901 Meadowville Technology Parkway | ||||
Initial Cost to Company | ||||
Land | 4,000 | |||
Buildings and Equipment | 67,511 | |||
Costs Capitalized Subsequent to Acquisition | 171 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,001 | |||
Buildings and Equipment | 67,681 | |||
Total | 71,682 | |||
Accumulated Depreciation | (15,088) | |||
635 Community Drive | ||||
Initial Cost to Company | ||||
Land | 10,003 | |||
Buildings and Equipment | 38,560 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 10,003 | |||
Buildings and Equipment | 38,560 | |||
Total | 48,563 | |||
Accumulated Depreciation | (2,038) | |||
2000 South Walnut Street | ||||
Initial Cost to Company | ||||
Land | 8,603 | |||
Buildings and Equipment | 22,749 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (1,218) | |||
Gross Amount Carried at Close of Period | ||||
Land | 7,384 | |||
Buildings and Equipment | 22,750 | |||
Total | 30,134 | |||
Accumulated Depreciation | (1,202) | |||
5300 International Drive | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 17,367 | |||
Costs Capitalized Subsequent to Acquisition | 37 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 17,404 | |||
Total | 19,205 | |||
Accumulated Depreciation | (922) | |||
3383 Spirit Way | ||||
Initial Cost to Company | ||||
Land | 600 | |||
Buildings and Equipment | 9,345 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 600 | |||
Buildings and Equipment | 9,345 | |||
Total | 9,945 | |||
Accumulated Depreciation | $ (494) |
SCHEDULE III - REAL ESTATE AN_3
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION - Analysis of Carrying Amount And Accumulated Depreciation (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Real Estate Properties | |||
Balance at the beginning of the period | $ 5,176,108 | $ 1,748,833 | $ 1,809,070 |
Additions | 18,181 | 3,520,563 | 129,724 |
Disposals | (24,190) | (259) | (189,961) |
Impairments | (547) | (93,029) | |
Balance at the end of the period | 5,169,552 | 5,176,108 | 1,748,833 |
Accumulated Depreciation | |||
Balance at the beginning of the period | (273,467) | (167,490) | (141,406) |
Additions | (125,262) | (106,236) | (32,389) |
Disposals | 884 | 259 | 6,305 |
Impairments | 391 | 0 | |
Balance at the end of the period | $ (397,454) | $ (273,467) | $ (167,490) |