UDR Inc

For the period ended Dec 31, 2024. Filed Feb 18, 2025.

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.

FY2024 · Filed Feb 18, 2025

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	$30,542	$22,957	$56,599	$79,556	$46,678	1965/2003	Jun-03
27 Seventy Five Mesa Verde	—	99,329	110,644	209,973	118,025	117,778	210,220	327,998	181,319	1979/2013	Oct-04
Huntington Vista	—	8,055	22,486	30,541	18,784	9,590	39,735	49,325	32,272	1970	Jun-03
Missions at Back Bay	—	229	14,129	14,358	6,343	11,141	9,560	20,701	7,176	1969	Dec-03
Eight 80 Newport Beach - North	—	62,516	46,082	108,598	61,909	71,693	98,814	170,507	80,443	1968/2000/2016	Oct-04
Eight 80 Newport Beach - South	—	58,785	50,067	108,852	57,747	63,850	102,749	166,599	76,465	1968/2000/2016	Mar-05
Beach & Ocean	—	12,878	—	12,878	41,800	13,587	41,091	54,678	24,345	2014	Aug-11
The Residences at Bella Terra	—	25,000	—	25,000	133,312	25,992	132,320	158,312	82,868	2013	Oct-11
The Residences at Pacific City	—	78,085	—	78,085	283,690	79,492	282,283	361,775	122,452	2018	Jan-14
ORANGE COUNTY, CA	—	365,353	271,946	637,299	752,152	416,080	973,371	1,389,451	654,018
2000 Post Street	—	9,861	44,578	54,439	48,013	14,748	87,704	102,452	59,840	1987/2016	Dec-98
Birch Creek	—	4,365	16,696	21,061	13,215	1,729	32,547	34,276	23,098	1968	Dec-98
Highlands Of Marin	—	5,996	24,868	30,864	33,352	8,436	55,780	64,216	45,364	1991/2010	Dec-98
Marina Playa	—	6,224	23,916	30,140	17,613	1,598	46,155	47,753	31,678	1971	Dec-98
River Terrace	—	22,161	40,137	62,298	11,569	23,100	50,767	73,867	41,466	2005	Aug-05
CitySouth	—	14,031	30,537	44,568	44,137	16,868	71,837	88,705	60,335	1972/2012	Nov-05
Bay Terrace	—	8,545	14,458	23,003	11,103	11,721	22,385	34,106	16,145	1962	Oct-05
Highlands of Marin Phase II	—	5,353	18,559	23,912	11,993	5,790	30,115	35,905	23,785	1968/2010	Oct-07
Edgewater	—	30,657	83,872	114,529	15,389	30,862	99,056	129,918	73,157	2007	Mar-08
Almaden Lake Village	27,000	594	42,515	43,109	15,017	1,248	56,878	58,126	41,289	1999	Jul-08
388 Beale	—	14,253	74,104	88,357	26,863	14,781	100,439	115,220	62,799	1999	Apr-11
Channel @ Mission Bay	—	23,625	-	23,625	136,257	24,511	135,371	159,882	83,741	2014	Sep-10
5421 at Dublin Station	—	8,922	-	8,922	118,436	8,931	118,427	127,358	16,717	2022	Sep-16
HQ	—	19,938	65,816	85,754	645	19,942	66,457	86,399	9,207	2021	Sep-22
Residences at Lake Merritt	—	8,664	56,876	65,540	971	8,664	57,847	66,511	3,609	2023	Dec-23
SAN FRANCISCO, CA	27,000	183,189	536,932	720,121	504,573	192,929	1,031,765	1,224,694	592,230
Crowne Pointe	—	2,486	6,437	8,923	12,732	3,354	18,301	21,655	14,494	1987	Dec-98
Hilltop	—	2,174	7,408	9,582	8,472	3,262	14,792	18,054	12,227	1985	Dec-98
The Kennedy	—	6,179	22,307	28,486	7,085	6,463	29,108	35,571	22,341	2005	Nov-05
Hearthstone at Merrill Creek	—	6,848	30,922	37,770	12,529	7,628	42,671	50,299	30,855	2000	May-08
Island Square	—	21,284	89,389	110,673	17,118	22,046	105,745	127,791	73,317	2007	Jul-08
elements too	—	27,468	72,036	99,504	27,111	30,528	96,087	126,615	81,107	2010	Feb-10
989elements	—	8,541	45,990	54,531	9,782	8,724	55,589	64,313	37,749	2006	Dec-09
Lightbox	—	6,449	38,884	45,333	2,373	6,504	41,202	47,706	24,695	2014	Aug-14
Ashton Bellevue	—	8,287	124,939	133,226	7,434	8,493	132,167	140,660	56,238	2009	Oct-16
TEN20	—	5,247	76,587	81,834	7,723	5,313	84,244	89,557	36,359	2009	Oct-16
Milehouse	—	5,976	63,041	69,017	2,526	6,073	65,470	71,543	32,054	2016	Nov-16
CityLine	—	11,220	85,787	97,007	2,045	11,317	87,735	99,052	41,927	2016	Jan-17
CityLine II	—	3,723	56,843	60,566	712	3,728	57,550	61,278	23,620	2018	Jan-19
Brio	—	21,780	147,188	168,968	5,520	21,870	152,618	174,488	31,524	2020	Jul-21
SEATTLE, WA	—	137,662	867,758	1,005,420	123,162	145,303	983,279	1,128,582	518,507
Boronda Manor	—	1,946	8,982	10,928	14,121	3,507	21,542	25,049	15,521	1979	Dec-98
Garden Court	—	888	4,188	5,076	8,339	1,873	11,542	13,415	8,356	1973	Dec-98
Cambridge Court	—	3,039	12,883	15,922	22,077	5,994	32,005	37,999	24,073	1974	Dec-98
Laurel Tree	—	1,304	5,115	6,419	9,228	2,563	13,084	15,647	10,097	1977	Dec-98
The Pointe At Harden Ranch	—	6,388	23,854	30,242	39,634	10,589	59,287	69,876	43,366	1986	Dec-98
The Pointe At Northridge	—	2,044	8,028	10,072	14,739	3,891	20,920	24,811	15,600	1979	Dec-98
The Pointe At Westlake	—	1,329	5,334	6,663	10,111	2,456	14,318	16,774	10,239	1975	Dec-98
MONTEREY PENINSULA, CA	—	16,938	68,384	85,322	118,249	30,873	172,698	203,571	127,252
Rosebeach	—	8,414	17,449	25,863	9,575	9,108	26,330	35,438	21,492	1970	Sep-04
Tierra Del Rey	—	39,586	36,679	76,265	13,067	40,213	49,119	89,332	36,285	1998	Dec-07
The Westerly	—	48,182	102,364	150,546	52,811	51,688	151,669	203,357	110,080	1993/2013	Sep-10
Jefferson at Marina del Rey	—	55,651	—	55,651	106,461	62,833	99,279	162,112	79,222	2008	Sep-07
LOS ANGELES, CA	—	151,833	156,492	308,325	181,914	163,842	326,397	490,239	247,079
Verano at Rancho Cucamonga Town Square	—	13,557	3,645	17,202	67,232	24,761	59,673	84,434	54,351	2006	Oct-02
Windemere at Sycamore Highland	—	5,810	23,450	29,260	12,749	6,580	35,429	42,009	27,548	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	3,296	14,500	87,316	101,816	25,354	2010	Nov-19
OTHER SOUTHERN CA	—	33,645	111,337	144,982	83,277	45,841	182,418	228,259	107,253
Tualatin Heights	—	3,273	9,134	12,407	12,910	4,543	20,774	25,317	16,781	1989	Dec-98
Hunt Club	—	6,014	14,870	20,884	11,151	6,998	25,037	32,035	21,142	1985	Sep-04
PORTLAND, OR	—	9,287	24,004	33,291	24,061	11,541	45,811	57,352	37,923
TOTAL WEST REGION	27,000	897,907	2,036,853	2,934,760	1,787,388	1,006,409	3,715,739	4,722,148	2,284,262
MID-ATLANTIC REGION
Dominion Middle Ridge	—	3,311	13,283	16,594	19,455	4,763	31,286	36,049	24,487	1990	Jun-96
Dominion Lake Ridge	—	2,366	8,387	10,753	12,396	3,345	19,804	23,149	16,778	1987	Feb-96
Presidential Greens	—	11,238	18,790	30,028	21,753	11,958	39,823	51,781	31,198	1938	May-02
The Whitmore	—	6,418	13,411	19,829	29,069	7,930	40,968	48,898	35,385	1962/2008	Apr-02
Ridgewood	—	5,612	20,086	25,698	19,353	6,721	38,330	45,051	31,042	1988	Aug-02
Waterside Towers	—	13,001	49,657	62,658	42,807	51,488	53,977	105,465	42,737	1971	Dec-03
Wellington Place at Olde Town	—	13,753	36,059	49,812	25,279	15,244	59,847	75,091	50,574	1987/2008	Sep-05
Andover House	—	183	59,948	60,131	9,506	356	69,281	69,637	50,095	2004	Mar-07
Sullivan Place	—	1,137	103,676	104,813	24,908	2,212	127,509	129,721	94,334	2007	Dec-07
Delancey at Shirlington	—	21,606	66,765	88,371	12,431	21,714	79,088	100,802	57,179	2006/2007	Mar-08
View 14	—	5,710	97,941	103,651	10,122	5,788	107,985	113,773	69,892	2009	Jun-11
Capitol View on 14th	—	31,393	—	31,393	100,675	31,505	100,563	132,068	64,056	2013	Sep-07
Domain College Park	—	7,300	—	7,300	63,449	7,578	63,171	70,749	39,476	2014	Jun-11
1200 East West	—	9,748	68,022	77,770	7,086	10,014	74,842	84,856	35,906	2010	Oct-15
Courts at Huntington Station	—	27,749	111,878	139,627	10,264	28,323	121,568	149,891	67,118	2011	Oct-15
Eleven55 Ripley	—	15,566	107,539	123,105	10,601	16,047	117,659	133,706	55,540	2014	Oct-15
Arbor Park of Alexandria	160,930	50,881	159,728	210,609	15,658	51,943	174,324	226,267	95,659	1969/2015	Oct-15
Courts at Dulles	—	14,697	83,834	98,531	16,122	14,970	99,683	114,653	56,817	2000	Oct-15
Newport Village	127,600	50,046	177,454	227,500	28,239	51,174	204,565	255,739	115,231	1968	Oct-15
1301 Thomas Circle	—	27,836	128,191	156,027	5,997	27,887	134,137	162,024	47,583	2006	Aug-19
Station on Silver	—	16,661	109,198	125,859	2,100	16,760	111,199	127,959	31,418	2018	Dec-20
Seneca Place	—	21,184	98,173	119,357	13,389	21,278	111,468	132,746	31,441	1985	Jun-21
Canterbury Apartments	—	24,456	100,011	124,467	13,937	24,596	113,808	138,404	31,668	1986	Aug-21
The MO	—	27,135	—	27,135	115,881	27,135	115,881	143,016	12,685	2023	Jan-19
METROPOLITAN, D.C.	288,530	408,987	1,632,031	2,041,018	630,477	460,729	2,210,766	2,671,495	1,188,299
Calvert's Walk	—	4,408	24,692	29,100	15,677	5,837	38,940	44,777	31,545	1988	Mar-04
20 Lambourne	—	11,750	45,590	57,340	22,117	12,605	66,852	79,457	46,692	2003	Mar-08
Domain Brewers Hill	—	4,669	40,630	45,299	5,959	5,084	46,174	51,258	30,168	2009	Aug-10
Rodgers Forge	—	15,392	67,958	83,350	11,287	15,834	78,803	94,637	30,650	1945	Apr-19
Towson Promenade	58,600	12,599	78,847	91,446	12,647	12,797	91,296	104,093	29,964	2009	Nov-19
1274 at Towson	—	7,807	46,238	54,045	4,423	7,827	50,641	58,468	11,943	2020	Sep-21
Quarters at Towson Town Center	—	16,111	106,453	122,564	18,853	16,205	125,212	141,417	43,090	2008	Nov-21
BALTIMORE, MD	58,600	72,736	410,408	483,144	90,963	76,189	497,918	574,107	224,052
Gayton Pointe Townhomes	—	826	5,148	5,974	34,795	3,947	36,822	40,769	35,027	1973/2007	Sep-95
Waterside At Ironbridge	—	1,844	13,239	15,083	16,320	3,216	28,187	31,403	21,381	1987	Sep-97
Carriage Homes at Wyndham	—	474	30,997	31,471	14,466	4,591	41,346	45,937	34,642	1998	Nov-03
Legacy at Mayland	—	1,979	11,524	13,503	42,137	6,338	49,302	55,640	45,402	1973/2007	Dec-91
RICHMOND, VA	—	5,123	60,908	66,031	107,718	18,092	155,657	173,749	136,452
TOTAL MID-ATLANTIC REGION	347,130	486,846	2,103,347	2,590,193	829,158	555,010	2,864,341	3,419,351	1,548,803
NORTHEAST REGION
Garrison Square	-	6,475	91,027	97,502	31,227	6,873	121,856	128,729	79,938	1887/1990	Sep-10
Ridge at Blue Hills	25,000	6,039	34,869	40,908	10,741	6,764	44,885	51,649	29,827	2007	Sep-10
Inwood West	80,000	20,778	88,096	108,874	22,972	20,511	111,335	131,846	74,881	2006	Apr-11
14 North	72,500	10,961	51,175	62,136	23,456	11,991	73,601	85,592	49,886	2005	Apr-11
100 Pier 4	-	24,584	—	24,584	208,882	24,861	208,605	233,466	101,060	2015	Dec-15
345 Harrison	-	32,938	—	32,938	333,549	45,029	321,458	366,487	113,618	2018	Nov-11
Currents on the Charles	-	12,580	70,149	82,729	4,230	12,824	74,135	86,959	27,375	2015	Jun-19
The Commons at Windsor Gardens	-	34,609	225,515	260,124	32,339	35,097	257,366	292,463	97,424	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	6,459	17,389	118,915	136,304	39,561	2010	Nov-19
Lenox Farms	-	17,692	115,899	133,591	18,552	18,004	134,139	152,143	43,869	2009	Nov-19
Union Place	51,053	9,902	72,242	82,144	9,281	10,178	81,247	91,425	22,389	2005	Jan-21
Bradlee Danvers	-	28,669	175,114	203,783	14,507	28,697	189,593	218,290	34,130	1874/2008	Jun-22
BOSTON, MA	228,553	222,295	1,036,863	1,259,158	716,195	238,218	1,737,135	1,975,353	713,958
10 Hanover Square	—	41,432	218,983	260,415	38,098	42,107	256,406	298,513	149,297	2005/2020	Apr-11
21 Chelsea	—	36,399	107,154	143,553	18,521	36,541	125,533	162,074	76,949	2001	Aug-11
View 34	—	114,410	324,920	439,330	133,070	116,296	456,104	572,400	285,197	1985/2013	Jul-11
95 Wall Street	—	57,637	266,255	323,892	29,570	58,878	294,584	353,462	186,653	2008	Aug-11
NEW YORK, NY	—	249,878	917,312	1,167,190	219,259	253,822	1,132,627	1,386,449	698,096
Park Square	—	10,365	96,050	106,415	4,309	10,682	100,042	110,724	37,862	2018	May-19
The Smith Valley Forge	—	17,853	95,973	113,826	2,671	17,871	98,626	116,497	22,690	2019	Sep-21
322 on North Broad	—	12,240	124,524	136,764	11,456	12,259	135,961	148,220	32,596	2018	Sep-21
The George Apartments	—	17,341	—	17,341	49,932	17,366	49,907	67,273	8,301	2022	Aug-20
PHILADELPHIA, PA	—	57,799	316,547	374,346	68,368	58,178	384,536	442,714	101,449
TOTAL NORTHEAST REGION	228,553	529,972	2,270,722	2,800,694	1,003,822	550,218	3,254,298	3,804,516	1,513,503
SOUTHEAST REGION
Summit West	—	2,176	4,710	6,886	20,465	4,566	22,785	27,351	17,992	1972	Dec-92
The Breyley	—	1,780	2,458	4,238	22,468	4,489	22,217	26,706	22,057	1977/2007	Sep-93
Lakewood Place	—	1,395	10,647	12,042	18,637	3,385	27,294	30,679	23,385	1986	Mar-94
Cambridge Woods	—	1,791	7,166	8,957	17,110	3,841	22,226	26,067	18,911	1985	Jun-97
Inlet Bay	—	7,702	23,150	30,852	29,106	11,281	48,677	59,958	41,542	1988/1989	Jun-03
MacAlpine Place	—	10,869	36,858	47,727	25,055	13,002	59,780	72,782	45,871	2001	Dec-04
The Vintage Lofts at West End	—	6,611	37,663	44,274	27,394	16,108	55,560	71,668	45,659	2009	Jul-09
Peridot Palms	—	6,293	89,752	96,045	5,273	6,831	94,487	101,318	37,316	2017	Feb-19
The Preserve at Gateway	—	4,467	43,723	48,190	3,729	4,556	47,363	51,919	17,985	2013	May-19
The Slade at Channelside	—	10,216	72,786	83,002	9,202	10,642	81,562	92,204	27,495	2009	Jan-20
Andover Place at Cross Creek	—	11,702	107,761	119,463	12,105	11,773	119,795	131,568	37,669	1997/1999	Nov-20
Meridian	—	6,611	-	6,611	125,470	6,612	125,469	132,081	4,360	2024	May-21
TAMPA, FL	—	71,613	436,674	508,287	316,014	97,086	727,215	824,301	340,242
Seabrook	—	1,846	4,155	6,001	13,388	3,680	15,709	19,389	13,929	1984/2004	Feb-96
Altamira Place	—	1,533	11,076	12,609	29,028	4,192	37,445	41,637	33,822	1984/2007	Apr-94
Regatta Shore	—	757	6,608	7,365	22,519	3,289	26,595	29,884	24,484	1988/2007	Jun-94
Alafaya Woods	—	1,653	9,042	10,695	16,203	3,083	23,815	26,898	21,002	1989/2006	Oct-94
Los Altos	—	2,804	12,349	15,153	17,387	4,809	27,731	32,540	24,488	1990/2004	Oct-96
Lotus Landing	—	2,185	8,639	10,824	17,474	3,442	24,856	28,298	19,717	1985/2006	Jul-97
Seville On The Green	—	1,282	6,498	7,780	12,410	2,059	18,131	20,190	14,081	1986/2004	Oct-97
Ashton @ Waterford	—	3,872	17,538	21,410	10,663	4,972	27,101	32,073	21,897	2000	May-98
Arbors at Lee Vista	—	6,692	12,860	19,552	22,091	8,211	33,432	41,643	25,070	1992/2007	Aug-06
Arbors at Maitland Summit	—	15,929	158,079	174,008	21,357	16,010	179,355	195,365	51,902	1998	Oct-21
Essex Luxe	—	9,068	94,487	103,555	1,331	9,098	95,788	104,886	21,525	2020	Oct-21
ORLANDO, FL	—	47,621	341,331	388,952	183,851	62,845	509,958	572,803	271,917
Legacy Hill	—	1,148	5,867	7,015	14,254	2,255	19,014	21,269	16,472	1977	Nov-95
Hickory Run	—	1,469	11,584	13,053	21,114	3,024	31,143	34,167	23,499	1989	Dec-95
Carrington Hills	—	2,117	—	2,117	50,932	5,201	47,848	53,049	34,413	1999	Dec-95
Brookridge	—	708	5,461	6,169	10,834	1,761	15,242	17,003	12,395	1986	Mar-96
Breckenridge	—	766	7,714	8,480	9,768	1,960	16,288	18,248	13,065	1986	Mar-97
Colonnade	—	1,460	16,015	17,475	13,611	3,050	28,036	31,086	21,716	1998	Jan-99
The Preserve at Brentwood	—	3,182	24,674	27,856	21,464	4,634	44,686	49,320	33,579	1998	Jun-04
Polo Park	—	4,583	16,293	20,876	22,876	7,324	36,428	43,752	31,482	1987/2008	May-06
NASHVILLE, TN	—	15,433	87,608	103,041	164,853	29,209	238,685	267,894	186,621
The Reserve and Park at Riverbridge	—	15,968	56,401	72,369	24,590	17,373	79,586	96,959	64,259	1999/2001	Dec-04
OTHER FLORIDA	—	15,968	56,401	72,369	24,590	17,373	79,586	96,959	64,259
TOTAL SOUTHEAST REGION	—	150,635	922,014	1,072,649	689,308	206,513	1,555,444	1,761,957	863,039
SOUTHWEST REGION

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
Thirty377	25,000	24,036	32,951	56,987	25,983	26,585	56,385	82,970	45,444	1999/2007	Aug-06
Legacy Village	90,000	16,882	100,102	116,984	37,704	23,823	130,865	154,688	98,942	2005/06/07	Mar-08
Addison Apts at The Park	-	22,041	11,228	33,269	23,821	32,036	25,054	57,090	18,293	1977/78/79	May-07
Addison Apts at The Park I	-	7,903	554	8,457	9,402	11,058	6,801	17,859	5,697	1970	May-07
Addison Apts at The Park II	-	10,440	634	11,074	3,241	8,458	5,857	14,315	4,586	1975	May-07
Savoye	-	8,432	50,483	58,915	7,263	9,097	57,081	66,178	18,986	2009	Nov-19
Savoye 2	-	6,451	56,615	63,066	5,830	7,067	61,829	68,896	20,517	2011	Nov-19
Fiori on Vitruvian Park	44,903	7,934	78,575	86,509	6,589	8,767	84,331	93,098	28,847	2013	Nov-19
Vitruvian West Phase I	41,317	6,273	61,418	67,691	4,387	6,676	65,402	72,078	22,421	2018	Nov-19
Vitruvian West Phase II	-	6,451	15,798	22,249	40,498	6,670	56,077	62,747	15,443	2021	Nov-19
Vitruvian West Phase III	-	7,141	2,754	9,895	65,163	7,385	67,673	75,058	11,979	2022	Nov-19
Villas at Fiori	-	9,921	776	10,697	41,770	9,970	42,497	52,467	2,788	2024	Nov-19
The Canal	41,222	12,671	98,813	111,484	5,284	12,780	103,988	116,768	26,939	2017	Apr-21
Cool Springs at Frisco Bridges	89,510	18,325	151,982	170,307	22,680	18,460	174,527	192,987	48,325	2012	May-21
Central Square at Frisco	37,090	7,661	52,455	60,116	2,423	7,678	54,861	62,539	5,455	2018	Aug-23
Villaggio	32,234	6,186	41,813	47,999	2,360	6,195	44,164	50,359	4,479	2016	Aug-23
Lofts at Palisades	39,882	8,198	56,143	64,341	1,266	8,200	57,407	65,607	5,718	2018	Aug-23
Flats at Palisades	32,038	5,546	43,854	49,400	3,695	5,551	47,544	53,095	4,870	2017	Aug-23
DALLAS, TX	473,196	192,492	856,948	1,049,440	309,359	216,456	1,142,343	1,358,799	389,729
Barton Creek Landing	-	3,151	14,269	17,420	28,542	6,096	39,866	45,962	35,416	1986/2012	Mar-02
Residences at the Domain	-	4,034	55,256	59,290	19,426	5,084	73,632	78,716	54,417	2007	Aug-08
Red Stone Ranch	-	5,084	17,646	22,730	16,046	5,810	32,966	38,776	21,172	2000	Apr-12
Lakeline Villas	-	4,148	16,869	21,017	12,982	4,961	29,038	33,999	18,285	2002	Apr-12
Estancia Villas	27,895	6,384	52,946	59,330	3,220	6,399	56,151	62,550	5,529	2018	Aug-23
Palo Verde	39,024	5,975	57,880	63,855	2,633	6,004	60,484	66,488	5,875	2019	Aug-23
AUSTIN, TX	66,919	28,776	214,866	243,642	82,849	34,354	292,137	326,491	140,694
Steele Creek	—	8,586	130,400	138,986	10,036	8,906	140,116	149,022	54,598	2015	Oct-17
Cirrus	—	13,853	—	13,853	88,819	14,016	88,656	102,672	14,846	2022	Feb-19
DENVER, CO	—	22,439	130,400	152,839	98,855	22,922	228,772	251,694	69,444
TOTAL SOUTHWEST REGION	540,115	243,707	1,202,214	1,445,921	491,063	273,732	1,663,252	1,936,984	599,867
TOTAL OPERATING COMMUNITIES	1,142,798	2,309,067	8,535,150	10,844,217	4,800,739	2,591,882	13,053,074	15,644,956	6,809,474
LAND
Vitruvian Park®	—	22,547	1,467	24,014	15,837	30,320	9,531	39,851	831
Alameda Point Block 11	—	25,006	—	25,006	8,436	25,006	8,436	33,442	-
Newport Village II	—	5,237	—	5,237	18,348	5,237	18,348	23,585	-
2727 Turtle Creek	—	90,205	—	90,205	13,933	90,205	13,933	104,138	-
488 Riverwalk	—	16,053	—	16,053	8,140	16,053	8,140	24,193	-
3001 Iowa Ave	—	13,468	—	13,468	15,272	13,468	15,272	28,740	-
TOTAL LAND	—	172,516	1,467	173,983	79,966	180,289	73,660	253,949	831
HELD FOR DISPOSITION
Leonard Pointe	—	38,010	93,204	131,214	2,916	38,130	96,000	134,130	36,598
One William	—	6,422	75,527	81,949	2,490	6,515	77,924	84,439	27,508
TOTAL HELD FOR DISPOSITION	—	44,432	168,731	213,163	5,406	44,645	173,924	218,569	64,106
COMMERCIAL
Brookhaven Shopping Center	—	—	—	—	31,121	7,793	23,328	31,121	16,143
3001 Iowa Ave Commercial	—	9,882	4,861	14,743	1	9,882	4,862	14,744	804
TOTAL COMMERCIAL	—	9,882	4,861	14,743	31,122	17,675	28,190	45,865	16,947
Other (b)	—	—	—	—	19,906	136	19,770	19,906	927
1745 Shea Center I	—	3,034	20,534	23,568	6,550	3,083	27,035	30,118	8,741
TOTAL CORPORATE	—	3,034	20,534	23,568	26,456	3,219	46,805	50,024	9,668
TOTAL COMMERCIAL & CORPORATE	—	12,916	25,395	38,311	57,578	20,894	74,995	95,889	26,615
Deferred Financing Costs and Other Non-Cash Adjustments	(3,467)
TOTAL REAL ESTATE OWNED	$1,139,331	$2,538,931	$8,730,743	$11,269,674	$4,943,689	$2,837,710	$13,375,653	$16,213,363	$6,901,026

S - 4

(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 $15.6 billion at December 31, 2024 (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):

· · · · · · · · ·
· 2024 · 2023 · 2022
Balance at beginning of the year	$16,023,859	$15,570,072	$14,740,803
Real estate acquired (including joint venture consolidation)	—	410,581	409,263
Capital expenditures and development	295,548	441,606	444,009
Real estate sold	(106,044)	(398,400)	(24,003)
Balance at end of the year	$16,213,363	$16,023,859	$15,570,072

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

· · · · · · · · ·
· 2024 · 2023 · 2022
Balance at beginning of the year	$6,267,830	$5,762,501	$5,137,096
Depreciation expense for the year	660,805	668,899	634,424
Accumulated depreciation on sales	(27,609)	(163,570)	(9,019)
Balance at end of year	$6,901,026	$6,267,830	$5,762,501

S - 6

S - 7

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.