UDR Inc

For the period ended Dec 31, 2023. Filed Feb 20, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 20, 2024

UDR$36.66-0.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Schedule III- Summary of Real Estate Owned

SCHEDULE III — REAL ESTATE OWNED


· · · · · · · · · · · · · · · · · Gross Amount at Which · · · · · · · · · ·
· · · · · Initial Costs · · · · · · · · Carried at Close of Period · · · · · · · · · ·
· · · · · · · · · Costs of · · · · · · · · · ·
· · · · · · · · · · · · · · Improvements · · · · · · · · · · · · · · · ·
· · · · · · · · · · · · · · Capitalized · · · · · · · · · · · · · · · ·
· · · · · Land and · · Buildings · · Total Initial · · Subsequent · · Land and · · Buildings & · · Total · · · · · · ·
· · · · · Land · · and · · Acquisition · · to Acquisition · · Land · · Buildings · · Carrying · · Accumulated · · Date of · · Date
· · Encumbrances · · Improvements · · Improvements · · Costs · · Costs · · Improvements · · Improvements · · Value · · Depreciation · · Construction(a) · · Acquired
WEST REGION
Harbor at Mesa Verde	$—	$20,476	$28,538	$49,014	$28,532	$22,789	$54,757	$77,546	$44,469	1965/2003	Jun-03
27 Seventy Five Mesa Verde	—	99,329	110,644	209,973	114,805	117,402	207,376	324,778	175,675	1979/2013	Oct-04
Huntington Vista	—	8,055	22,486	30,541	17,674	9,534	38,681	48,215	31,045	1970	Jun-03
Missions at Back Bay	—	229	14,129	14,358	5,298	11,141	8,515	19,656	6,858	1969	Dec-03
Eight 80 Newport Beach - North	—	62,516	46,082	108,598	58,082	71,036	95,644	166,680	76,215	1968/2000/2016	Oct-04
Eight 80 Newport Beach - South	—	58,785	50,067	108,852	54,549	63,849	99,552	163,401	71,564	1968/2000/2016	Mar-05
Beach & Ocean	—	12,878	—	12,878	41,282	13,408	40,752	54,160	22,049	2014	Aug-11
The Residences at Bella Terra	—	25,000	—	25,000	132,737	25,988	131,749	157,737	78,988	2013	Oct-11
The Residences at Pacific City	—	78,085	—	78,085	281,051	79,025	280,111	359,136	106,653	2018	Jan-14
ORANGE COUNTY, CA	—	365,353	271,946	637,299	734,010	414,172	957,137	1,371,309	613,516
2000 Post Street	—	9,861	44,578	54,439	46,869	14,640	86,668	101,308	56,181	1987/2016	Dec-98
Birch Creek	—	4,365	16,696	21,061	12,350	1,657	31,754	33,411	22,030	1968	Dec-98
Highlands Of Marin	—	5,996	24,868	30,864	31,919	8,352	54,431	62,783	43,701	1991/2010	Dec-98
Marina Playa	—	6,224	23,916	30,140	16,822	1,541	45,421	46,962	30,318	1971	Dec-98
River Terrace	—	22,161	40,137	62,298	10,955	23,027	50,226	73,253	39,624	2005	Aug-05
CitySouth	—	14,031	30,537	44,568	42,885	16,839	70,614	87,453	58,321	1972/2012	Nov-05
Bay Terrace	—	8,545	14,458	23,003	9,849	11,718	21,134	32,852	15,228	1962	Oct-05
Highlands of Marin Phase II	—	5,353	18,559	23,912	11,848	5,783	29,977	35,760	23,105	1968/2010	Oct-07
Edgewater	—	30,657	83,872	114,529	14,226	30,843	97,912	128,755	70,402	2007	Mar-08
Almaden Lake Village	27,000	594	42,515	43,109	14,003	1,138	55,974	57,112	39,285	1999	Jul-08
388 Beale	—	14,253	74,104	88,357	23,393	14,712	97,038	111,750	59,184	1999	Apr-11
Channel @ Mission Bay	—	23,625	—	23,625	135,225	24,459	134,391	158,850	79,183	2014	Sep-10
5421 at Dublin Station	—	8,922	—	8,922	118,105	8,931	118,096	127,027	9,118	2022	Sep-16
HQ	—	19,938	65,816	85,754	657	19,938	66,473	86,411	5,248	2021	Sep-22
Residences at Lake Merritt	40,017	8,664	56,876	65,540	—	8,664	56,876	65,540	9	2023	Dec-23
SAN FRANCISCO, CA	67,017	183,189	536,932	720,121	489,106	192,242	1,016,985	1,209,227	550,937
Crowne Pointe	—	2,486	6,437	8,923	11,598	3,293	17,228	20,521	13,719	1987	Dec-98
Hilltop	—	2,174	7,408	9,582	7,917	3,145	14,354	17,499	11,648	1985	Dec-98
The Kennedy	—	6,179	22,307	28,486	6,826	6,440	28,872	35,312	21,185	2005	Nov-05
Hearthstone at Merrill Creek	—	6,848	30,922	37,770	11,324	7,373	41,721	49,094	29,318	2000	May-08
Island Square	—	21,284	89,389	110,673	11,121	21,753	100,041	121,794	69,982	2007	Jul-08
elements too	—	27,468	72,036	99,504	25,300	30,381	94,423	124,804	77,695	2010	Feb-10
989elements	—	8,541	45,990	54,531	8,485	8,703	54,313	63,016	35,723	2006	Dec-09
Lightbox	—	6,449	38,884	45,333	1,818	6,490	40,661	47,151	22,778	2014	Aug-14
Ashton Bellevue	—	8,287	124,939	133,226	6,296	8,395	131,127	139,522	49,989	2009	Oct-16
TEN20	—	5,247	76,587	81,834	6,880	5,309	83,405	88,714	32,097	2009	Oct-16
Milehouse	—	5,976	63,041	69,017	2,001	6,058	64,960	71,018	28,356	2016	Nov-16
CityLine	—	11,220	85,787	97,007	1,627	11,249	87,385	98,634	37,002	2016	Jan-17
CityLine II	—	3,723	56,843	60,566	596	3,724	57,438	61,162	20,469	2018	Jan-19
Brio	—	21,780	147,188	168,968	3,973	21,802	151,139	172,941	22,342	2020	Jul-21
SEATTLE, WA	—	137,662	867,758	1,005,420	105,762	144,115	967,067	1,111,182	472,303
Boronda Manor	—	1,946	8,982	10,928	13,564	3,499	20,993	24,492	14,708	1979	Dec-98
Garden Court	—	888	4,188	5,076	7,963	1,831	11,208	13,039	7,938	1973	Dec-98
Cambridge Court	—	3,039	12,883	15,922	20,972	5,961	30,933	36,894	22,925	1974	Dec-98
Laurel Tree	—	1,304	5,115	6,419	8,850	2,549	12,720	15,269	9,532	1977	Dec-98
The Pointe At Harden Ranch	—	6,388	23,854	30,242	37,173	10,516	56,899	67,415	41,266	1986	Dec-98
The Pointe At Northridge	—	2,044	8,028	10,072	14,254	3,790	20,536	24,326	14,832	1979	Dec-98
The Pointe At Westlake	—	1,329	5,334	6,663	9,463	2,408	13,718	16,126	9,667	1975	Dec-98
MONTEREY PENINSULA, CA	—	16,938	68,384	85,322	112,239	30,554	167,007	197,561	120,868
Rosebeach	—	8,414	17,449	25,863	8,996	9,029	25,830	34,859	20,545	1970	Sep-04
Tierra Del Rey	—	39,586	36,679	76,265	11,580	40,094	47,751	87,845	34,397	1998	Dec-07
The Westerly	—	48,182	102,364	150,546	49,562	51,276	148,832	200,108	105,696	1993/2013	Sep-10
Jefferson at Marina del Rey	—	55,651	—	55,651	104,482	62,662	97,471	160,133	72,963	2008	Sep-07
LOS ANGELES, CA	—	151,833	156,492	308,325	174,620	163,061	319,884	482,945	233,601
Verano at Rancho Cucamonga Town Square	—	13,557	3,645	17,202	65,582	24,699	58,085	82,784	51,712	2006	Oct-02
Windemere at Sycamore Highland	—	5,810	23,450	29,260	11,498	6,524	34,234	40,758	26,115	2001	Nov-02

S - 1


· · · · · · · · · · · · · · · · · Gross Amount at Which · · · · · · · · · ·
· · · · · Initial Costs · · · · · · · · Carried at Close of Period · · · · · · · · · ·
· · · · · · · · · Costs of · · · · · · · · · ·
· · · · · · · · · · · · · · Improvements · · · · · · · · · · · · · · · ·
· · · · · · · · · · · · · · Capitalized · · · · · · · · · · · · · · · ·
· · · · · Land and · · Buildings · · Total Initial · · Subsequent · · Land and · · Buildings & · · Total · · · · · · ·
· · · · · Land · · and · · Acquisition · · to Acquisition · · Land · · Buildings · · Carrying · · Accumulated · · Date of · · Date
· · Encumbrances · · Improvements · · Improvements · · Costs · · Costs · · Improvements · · Improvements · · Value · · Depreciation · · Construction(a) · · Acquired
Strata	—	14,278	84,242	98,520	2,780	14,439	86,861	101,300	20,265	2010	Nov-19
OTHER SOUTHERN CA	—	33,645	111,337	144,982	79,860	45,662	179,180	224,842	98,092
Tualatin Heights	—	3,273	9,134	12,407	12,035	4,526	19,916	24,442	15,900	1989	Dec-98
Hunt Club	—	6,014	14,870	20,884	10,729	6,806	24,807	31,613	20,539	1985	Sep-04
PORTLAND, OR	—	9,287	24,004	33,291	22,764	11,332	44,723	56,055	36,439
TOTAL WEST REGION	67,017	897,907	2,036,853	2,934,760	1,718,361	1,001,138	3,651,983	4,653,121	2,125,756
MID-ATLANTIC REGION
Dominion Middle Ridge	—	3,311	13,283	16,594	18,932	4,695	30,831	35,526	22,740	1990	Jun-96
Dominion Lake Ridge	—	2,366	8,387	10,753	11,905	3,283	19,375	22,658	15,951	1987	Feb-96
Presidential Greens	—	11,238	18,790	30,028	19,387	11,924	37,491	49,415	29,612	1938	May-02
The Whitmore	—	6,418	13,411	19,829	27,977	7,846	39,960	47,806	34,052	1962/2008	Apr-02
Ridgewood -apts side	—	5,612	20,086	25,698	17,819	6,688	36,829	43,517	29,519	1988	Aug-02
Waterside Towers	—	13,001	49,657	62,658	39,976	51,284	51,350	102,634	39,970	1971	Dec-03
Wellington Place at Olde Town	—	13,753	36,059	49,812	24,224	15,157	58,879	74,036	48,790	1987/2008	Sep-05
Andover House	—	183	59,948	60,131	8,588	356	68,363	68,719	48,044	2004	Mar-07
Sullivan Place	—	1,137	103,676	104,813	21,760	2,069	124,504	126,573	89,499	2007	Dec-07
Delancey at Shirlington	—	21,606	66,765	88,371	11,279	21,714	77,936	99,650	54,376	2006/2007	Mar-08
View 14	—	5,710	97,941	103,651	8,977	5,788	106,840	112,628	66,547	2009	Jun-11
Capitol View on 14th	—	31,393	—	31,393	99,186	31,505	99,074	130,579	61,086	2013	Sep-07
Domain College Park	—	7,300	—	7,300	63,157	7,574	62,883	70,457	37,166	2014	Jun-11
1200 East West	—	9,748	68,022	77,770	6,274	10,003	74,041	84,044	32,093	2010	Oct-15
Courts at Huntington Station	—	27,749	111,878	139,627	8,532	28,230	119,929	148,159	59,972	2011	Oct-15
Eleven55 Ripley	—	15,566	107,539	123,105	9,413	15,984	116,534	132,518	49,554	2014	Oct-15
Arbor Park of Alexandria	160,930	50,881	159,728	210,609	13,063	51,798	171,874	223,672	85,235	1969/2015	Oct-15
Courts at Dulles	—	14,697	83,834	98,531	14,878	14,895	98,514	113,409	51,253	2000	Oct-15
Newport Village	127,600	50,046	177,454	227,500	23,888	50,912	200,476	251,388	102,925	1968	Oct-15
1301 Thomas Circle	—	27,836	128,191	156,027	4,896	27,885	133,038	160,923	38,762	2006	Aug-19
Station on Silver	—	16,661	109,198	125,859	1,904	16,759	111,004	127,763	23,720	2018	Dec-20
Seneca Place	—	21,184	98,173	119,357	10,778	21,201	108,934	130,135	23,787	1985	Jun-21
Canterbury Apartments	—	24,456	100,011	124,467	11,769	24,474	111,762	136,236	22,198	1986	Aug-21
The MO	—	27,135	—	27,135	114,283	27,135	114,283	141,418	6,332	2023	Jan-19
METROPOLITAN, D.C.	288,530	408,987	1,632,031	2,041,018	592,845	459,159	2,174,704	2,633,863	1,073,183
Calvert's Walk	—	4,408	24,692	29,100	14,247	5,434	37,913	43,347	30,123	1988	Mar-04
20 Lambourne	—	11,750	45,590	57,340	19,759	12,518	64,581	77,099	43,729	2003	Mar-08
Domain Brewers Hill	—	4,669	40,630	45,299	4,860	5,084	45,075	50,159	28,686	2009	Aug-10
Rodgers Forge	—	15,392	67,958	83,350	9,943	15,621	77,672	93,293	25,538	1945	Apr-19
Towson Promenade	58,600	12,599	78,847	91,446	9,223	12,780	87,889	100,669	23,089	2009	Nov-19
1274 at Towson	—	7,807	46,238	54,045	4,065	7,823	50,287	58,110	8,220	2020	Sep-21
Quarters at Towson Town Center	—	16,111	106,453	122,564	16,834	16,107	123,291	139,398	29,330	2008	Nov-21
BALTIMORE, MD	58,600	72,736	410,408	483,144	78,931	75,367	486,708	562,075	188,715
Gayton Pointe Townhomes	—	826	5,148	5,974	33,838	3,767	36,045	39,812	34,084	1973/2007	Sep-95
Waterside At Ironbridge	—	1,844	13,239	15,083	13,553	3,172	25,464	28,636	20,208	1987	Sep-97
Carriage Homes at Wyndham	—	474	30,997	31,471	13,168	4,523	40,116	44,639	33,610	1998	Nov-03
Legacy at Mayland	—	1,979	11,524	13,503	39,423	6,318	46,608	52,926	43,764	1973/2007	Dec-91
RICHMOND, VA	—	5,123	60,908	66,031	99,982	17,780	148,233	166,013	131,666
TOTAL MID-ATLANTIC REGION	347,130	486,846	2,103,347	2,590,193	771,758	552,306	2,809,645	3,361,951	1,393,564
NORTHEAST REGION
Garrison Square	—	6,475	91,027	97,502	30,493	6,819	121,176	127,995	75,144	1887/1990	Sep-10
Ridge at Blue Hills	25,000	6,039	34,869	40,908	8,906	6,646	43,168	49,814	28,124	2007	Sep-10
Inwood West	80,000	20,778	88,096	108,874	19,287	20,257	107,904	128,161	71,094	2006	Apr-11
14 North	72,500	10,961	51,175	62,136	21,501	11,902	71,735	83,637	47,016	2005	Apr-11
100 Pier 4	—	24,584	—	24,584	206,485	24,857	206,212	231,069	91,084	2015	Dec-15
345 Harrison	—	32,938	—	32,938	332,575	44,982	320,531	365,513	98,041	2018	Nov-11
Currents on the Charles	—	12,580	70,149	82,729	3,372	12,790	73,311	86,101	22,586	2015	Jun-19
The Commons at Windsor Gardens	—	34,609	225,515	260,124	27,950	34,852	253,222	288,074	81,193	1969	Aug-19

S - 2


· · · · · · · · · · · · · · · · · Gross Amount at Which · · · · · · · · · ·
· · · · · Initial Costs · · · · · · · · Carried at Close of Period · · · · · · · · · ·
· · · · · · · · · Costs of · · · · · · · · · ·
· · · · · · · · · · · · · · Improvements · · · · · · · · · · · · · · · ·
· · · · · · · · · · · · · · Capitalized · · · · · · · · · · · · · · · ·
· · · · · Land and · · Buildings · · Total Initial · · Subsequent · · Land and · · Buildings & · · Total · · · · · · ·
· · · · · Land · · and · · Acquisition · · to Acquisition · · Land · · Buildings · · Carrying · · Accumulated · · Date of · · Date
· · Encumbrances · · Improvements · · Improvements · · Costs · · Costs · · Improvements · · Improvements · · Value · · Depreciation · · Construction(a) · · Acquired
Charles River Landing	—	17,068	112,777	129,845	4,424	17,367	116,902	134,269	31,498	2010	Nov-19
Lenox Farms	94,050	17,692	115,899	133,591	13,857	17,911	129,537	147,448	34,277	2009	Nov-19
Union Place	51,800	9,902	72,242	82,144	7,291	10,027	79,408	89,435	16,313	2005	Jan-21
Bradlee Danvers	—	28,669	175,114	203,783	11,937	28,689	187,031	215,720	20,090	1874/2008	Jun-22
BOSTON, MA	323,350	222,295	1,036,863	1,259,158	688,078	237,099	1,710,137	1,947,236	616,460
10 Hanover Square	—	41,432	218,983	260,415	36,689	41,917	255,187	297,104	141,638	2005/2020	Apr-11
21 Chelsea	—	36,399	107,154	143,553	17,825	36,531	124,847	161,378	73,869	2001	Aug-11
View 34	—	114,410	324,920	439,330	126,178	116,145	449,363	565,508	273,754	1985/2013	Jul-11
95 Wall Street	—	57,637	266,255	323,892	18,381	58,718	283,555	342,273	180,171	2008	Aug-11
Leonard Pointe	—	38,010	93,204	131,214	2,537	38,078	95,673	133,751	31,102	2015	Feb-19
One William	—	6,422	75,527	81,949	2,312	6,478	77,783	84,261	22,787	2018	Aug-19
NEW YORK, NY	—	294,310	1,086,043	1,380,353	203,922	297,867	1,286,408	1,584,275	723,321
Park Square	—	10,365	96,050	106,415	2,646	10,615	98,446	109,061	31,893	2018	May-19
The Smith Valley Forge	—	17,853	95,973	113,826	2,198	17,861	98,163	116,024	15,740	2019	Sep-21
322 on North Broad	—	12,240	124,524	136,764	10,168	12,259	134,673	146,932	22,482	2018	Sep-21
The George Apartments	—	17,341	—	17,341	49,107	17,350	49,098	66,448	5,108	2022	Aug-20
PHILADELPHIA, PA	—	57,799	316,547	374,346	64,119	58,085	380,380	438,465	75,223
TOTAL NORTHEAST REGION	323,350	574,404	2,439,453	3,013,857	956,119	593,051	3,376,925	3,969,976	1,415,004
SOUTHEAST REGION
Summit West	—	2,176	4,710	6,886	18,886	4,366	21,406	25,772	16,811	1972	Dec-92
The Breyley	—	1,780	2,458	4,238	22,178	4,432	21,984	26,416	21,465	1977/2007	Sep-93
Lakewood Place	—	1,395	10,647	12,042	17,428	3,312	26,158	29,470	22,144	1986	Mar-94
Cambridge Woods	—	1,791	7,166	8,957	16,314	3,811	21,460	25,271	17,819	1985	Jun-97
Inlet Bay	—	7,702	23,150	30,852	27,124	11,059	46,917	57,976	40,006	1988/1989	Jun-03
MacAlpine Place	—	10,869	36,858	47,727	20,413	12,818	55,322	68,140	43,583	2001	Dec-04
The Vintage Lofts at West End	—	6,611	37,663	44,274	26,103	16,061	54,316	70,377	43,176	2009	Jul-09
Peridot Palms	—	6,293	89,752	96,045	4,081	6,490	93,636	100,126	31,756	2017	Feb-19
The Preserve at Gateway	—	4,467	43,723	48,190	2,852	4,534	46,508	51,042	14,871	2013	May-19
The Slade at Channelside	—	10,216	72,786	83,002	6,573	10,440	79,135	89,575	21,437	2009	Jan-20
Andover Place at Cross Creek	—	11,702	107,761	119,463	10,314	11,742	118,035	129,777	29,407	1997/1999	Nov-20
TAMPA, FL	—	65,002	436,674	501,676	172,266	89,065	584,877	673,942	302,475
Seabrook	—	1,846	4,155	6,001	12,292	3,367	14,926	18,293	13,514	1984/2004	Feb-96
Altamira Place	—	1,533	11,076	12,609	26,314	4,115	34,808	38,923	32,713	1984/2007	Apr-94
Regatta Shore	—	757	6,608	7,365	21,453	2,766	26,052	28,818	23,655	1988/2007	Jun-94
Alafaya Woods	—	1,653	9,042	10,695	15,523	2,996	23,222	26,218	20,063	1989/2006	Oct-94
Los Altos	—	2,804	12,349	15,153	16,585	4,705	27,033	31,738	23,434	1990/2004	Oct-96
Lotus Landing	—	2,185	8,639	10,824	16,378	3,401	23,801	27,202	18,739	1985/2006	Jul-97
Seville On The Green	—	1,282	6,498	7,780	11,686	1,981	17,485	19,466	13,430	1986/2004	Oct-97
Ashton @ Waterford	—	3,872	17,538	21,410	9,727	4,894	26,243	31,137	20,825	2000	May-98
Arbors at Lee Vista	—	6,692	12,860	19,552	20,450	8,090	31,912	40,002	24,231	1992/2007	Aug-06
Arbors at Maitland Summit	—	15,929	158,079	174,008	19,614	15,977	177,645	193,622	40,338	1998	Oct-21
Essex Luxe	—	9,068	94,487	103,555	982	9,087	95,450	104,537	14,841	2020	Oct-21
ORLANDO, FL	—	47,621	341,331	388,952	171,004	61,379	498,577	559,956	245,783
Legacy Hill	—	1,148	5,867	7,015	13,107	2,192	17,930	20,122	15,790	1977	Nov-95
Hickory Run	—	1,469	11,584	13,053	18,525	2,910	28,668	31,578	22,077	1989	Dec-95
Carrington Hills	—	2,117	—	2,117	46,333	5,100	43,350	48,450	32,673	1999	Dec-95
Brookridge	—	708	5,461	6,169	9,556	1,643	14,082	15,725	11,695	1986	Mar-96
Breckenridge	—	766	7,714	8,480	9,240	1,895	15,825	17,720	12,855	1986	Mar-97
Colonnade	—	1,460	16,015	17,475	11,468	2,839	26,104	28,943	20,416	1998	Jan-99
The Preserve at Brentwood	—	3,182	24,674	27,856	17,700	4,437	41,119	45,556	31,814	1998	Jun-04
Polo Park	—	4,583	16,293	20,876	20,735	6,416	35,195	41,611	30,254	1987/2008	May-06
NASHVILLE, TN	—	15,433	87,608	103,041	146,664	27,432	222,273	249,705	177,574
The Reserve and Park at Riverbridge	—	15,968	56,401	72,369	23,429	17,229	78,569	95,798	61,221	1999/2001	Dec-04
OTHER FLORIDA	—	15,968	56,401	72,369	23,429	17,229	78,569	95,798	61,221
TOTAL SOUTHEAST REGION	—	144,024	922,014	1,066,038	513,363	195,105	1,384,296	1,579,401	787,053

S - 3


· · · · · · · · · · · · · · · · · Gross Amount at Which · · · · · · · · · ·
· · · · · Initial Costs · · · · · · · · Carried at Close of Period · · · · · · · · · ·
· · · · · · · · · Costs of · · · · · · · · · ·
· · · · · · · · · · · · · · Improvements · · · · · · · · · · · · · · · ·
· · · · · · · · · · · · · · Capitalized · · · · · · · · · · · · · · · ·
· · · · · Land and · · Buildings · · Total Initial · · Subsequent · · Land and · · Buildings & · · Total · · · · · · ·
· · · · · Land · · and · · Acquisition · · to Acquisition · · Land · · Buildings · · Carrying · · Accumulated · · Date of · · Date
· · Encumbrances · · Improvements · · Improvements · · Costs · · Costs · · Improvements · · Improvements · · Value · · Depreciation · · Construction(a) · · Acquired
SOUTHWEST REGION · · · · · · · · · · · · ·
Thirty377	25,000	24,036	32,951	56,987	24,444	26,513	54,918	81,431	43,340	1999/2007	Aug-06
Legacy Village	90,000	16,882	100,102	116,984	34,852	23,814	128,022	151,836	93,415	2005/06/07	Mar-08
Addison Apts at The Park	—	22,041	11,228	33,269	21,406	31,798	22,877	54,675	16,244	1977/78/79	May-07
Addison Apts at The Park I	—	7,903	554	8,457	9,087	11,058	6,486	17,544	5,162	1970	May-07
Addison Apts at The Park II	—	10,440	634	11,074	2,869	8,458	5,485	13,943	4,208	1975	May-07
Savoye	—	8,432	50,483	58,915	6,024	8,976	55,963	64,939	14,891	2009	Nov-19
Savoye 2	—	6,451	56,615	63,066	4,266	7,021	60,311	67,332	16,234	2011	Nov-19
Fiori on Vitruvian Park	46,133	7,934	78,575	86,509	5,383	8,513	83,379	91,892	22,831	2013	Nov-19
Vitruvian West Phase I	41,317	6,273	61,418	67,691	3,316	6,576	64,431	71,007	17,875	2018	Nov-19
Vitruvian West Phase II	—	6,451	15,798	22,249	40,069	6,656	55,662	62,318	11,714	2021	Nov-19
Vitruvian West Phase III	—	7,141	2,754	9,895	64,013	7,371	66,537	73,908	7,550	2022	Nov-19
The Canal	41,941	12,671	98,813	111,484	4,584	12,719	103,349	116,068	19,654	2017	Apr-21
Cool Springs at Frisco Bridges	89,510	18,325	151,982	170,307	20,793	18,346	172,754	191,100	36,533	2012	May-21
Central Square at Frisco	37,700	7,661	52,455	60,116	878	7,662	53,332	60,994	1,387	2018	Aug-23
Villiaggio	32,500	6,186	41,813	47,999	1,110	6,186	42,923	49,109	1,124	2016	Aug-23
Lofts at Palisades	39,996	8,198	56,143	64,341	743	8,198	56,886	65,084	1,479	2018	Aug-23
Flats at Palisades	32,130	5,546	43,854	49,400	1,390	5,548	45,242	50,790	1,193	2017	Aug-23
DALLAS, TX	476,227	182,571	856,172	1,038,743	245,227	205,413	1,078,557	1,283,970	314,834
Barton Creek Landing	—	3,151	14,269	17,420	27,791	5,931	39,280	45,211	34,318	1986/2012	Mar-02
Residences at the Domain	—	4,034	55,256	59,290	18,543	4,999	72,834	77,833	51,904	2007	Aug-08
Red Stone Ranch	—	5,084	17,646	22,730	14,926	5,804	31,852	37,656	18,799	2000	Apr-12
Lakeline Villas	—	4,148	16,869	21,017	12,193	4,870	28,340	33,210	16,291	2002	Apr-12
Estancia Villas	28,020	6,384	52,946	59,330	932	6,384	53,878	60,262	1,390	2018	Aug-23
Palo Villas	39,024	5,975	57,880	63,855	764	5,975	58,644	64,619	1,487	2019	Aug-23
AUSTIN, TX	67,044	28,776	214,866	243,642	75,149	33,963	284,828	318,791	124,189
Steele Creek	—	8,586	130,400	138,986	8,586	8,888	138,684	147,572	47,925	2015	Oct-17
Cirrus	—	13,853	—	13,853	88,228	13,858	88,223	102,081	9,140	2022	Feb-19
DENVER, CO	—	22,439	130,400	152,839	96,814	22,746	226,907	249,653	57,065
TOTAL SOUTHWEST REGION	543,271	233,786	1,201,438	1,435,224	417,190	262,122	1,590,292	1,852,414	496,088
TOTAL OPERATING COMMUNITIES	1,280,768	2,336,967	8,703,105	11,040,072	4,376,791	2,603,722	12,813,141	15,416,863	6,217,465
REAL ESTATE UNDER DEVELOPMENT
Villas at Fiori	—	9,921	776	10,697	38,805	9,964	39,538	49,502	184
Meridian	—	6,611	—	6,611	104,291	6,611	104,291	110,902	—
TOTAL REAL ESTATE UNDER DEVELOPMENT	—	16,532	776	17,308	143,096	16,575	143,829	160,404	184
LAND
Vitruvian Park®	—	22,547	1,467	24,014	13,198	30,297	6,915	37,212	751
Alameda Point Block 11	—	25,006	—	25,006	6,994	25,006	6,994	32,000	—
Newport Village II	—	5,237	—	5,237	14,562	5,237	14,562	19,799	—
2727 Turtle Creek	—	90,205	—	90,205	8,942	90,205	8,942	99,147	—
488 Riverwalk	—	16,053	—	16,053	6,299	16,053	6,299	22,352	—
3001 Iowa Ave	—	13,468	—	13,468	8,387	13,468	8,387	21,855	—
TOTAL LAND	—	172,516	1,467	173,983	58,382	180,266	52,099	232,365	751
HELD FOR DISPOSITION
Crescent Falls Church	—	13,687	88,692	102,379	3,620	13,733	92,266	105,999	24,960
TOTAL HELD FOR DISPOSITION	—	13,687	88,692	102,379	3,620	13,733	92,266	105,999	24,960
COMMERCIAL
Brookhaven Shopping Center	—	—	—	—	30,900	7,793	23,107	30,900	15,741
3001 Iowa Ave Commercial	—	9,882	4,861	14,743	1	9,882	4,862	14,744	492
TOTAL COMMERCIAL	—	9,882	4,861	14,743	30,901	17,675	27,969	45,644	16,233
Other (b)	—	—	—	—	33,221	136	33,085	33,221	758
1745 Shea Center I	—	3,034	20,534	23,568	5,795	3,081	26,282	29,363	7,479
TOTAL CORPORATE	—	3,034	20,534	23,568	39,016	3,217	59,367	62,584	8,237
TOTAL COMMERCIAL & CORPORATE	—	12,916	25,395	38,311	69,917	20,892	87,336	108,228	24,470
Deferred Financing Costs and Other Non-Cash Adjustments	(3,055)

S - 4

· · · · · · · · · · · · · · · · · · · · · · · · · · · · · · ·
· · · · · · · · · · · · · · · · · Gross Amount at Which · · · · · · · · · ·
· · · · · Initial Costs · · · · · · · · Carried at Close of Period · · · · · · · · · ·
· · · · · · · · · Costs of · · · · · · · · · ·
· · · · · · · · · · · · · · Improvements · · · · · · · · · · · · · · · ·
· · · · · · · · · · · · · · Capitalized · · · · · · · · · · · · · · · ·
· · · · · Land and · · Buildings · · Total Initial · · Subsequent · · Land and · · Buildings & · · Total · · · · · · ·
· · · · · Land · · and · · Acquisition · · to Acquisition · · Land · · Buildings · · Carrying · · Accumulated · · Date of · · Date
	Encumbrances	Improvements	Improvements	Costs	Costs	Improvements	Improvements	Value	Depreciation	Construction(a)	Acquired
TOTAL REAL ESTATE OWNED	$1,277,713	$2,552,618	$8,819,435	$11,372,053	$4,651,806	$2,835,188	$13,188,671	$16,023,859	$6,267,830

(a)	Date of original construction/date of last major renovation, if applicable.

(b)	Includes unallocated accruals and capital expenditures.

The aggregate cost for federal income tax purposes was approximately $15.2 billion at December 31, 2023 (unaudited).

The estimated depreciable lives for all buildings in the latest Consolidated Statements of Operations are 30 to 55 years.

S - 5

3-YEAR ROLLFORWARD OF REAL ESTATE OWNED AND ACCUMULATED DEPRECIATION

The following is a reconciliation of the carrying amount of total real estate owned at December 31, (in thousands):

· · · · · · · · ·
· 2023 · 2022 · 2021
Balance at beginning of the year	$15,570,072	$14,740,803	$13,071,472
Real estate acquired (including joint venture consolidation)	410,581	409,263	1,513,106
Capital expenditures and development	441,606	444,009	346,365
Real estate sold	(398,400)	(24,003)	(190,140)
Balance at end of the year	$16,023,859	$15,570,072	$14,740,803

The following is a reconciliation of total accumulated depreciation for real estate owned at December 31, (in thousands):

· · · · · · · · ·
· 2023 · 2022 · 2021
Balance at beginning of the year	$5,762,501	$5,137,096	$4,605,366
Depreciation expense for the year	668,899	634,424	584,228
Accumulated depreciation on sales	(163,570)	(9,019)	(52,498)
Balance at end of year	$6,267,830	$5,762,501	$5,137,096

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ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.