Terreno Realty Corp

For the period ended Dec 31, 2023. Filed Feb 7, 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 7, 2024

TRNO$67.03-0.5%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 – Real Estate Investments and Accumulated Depreciation

Schedule III

Real Estate Investments and Accumulated Depreciation

As of December 31, 2023

Initial Costto Company · CostsCapitalizedSubsequenttoAcquisition · Gross Amount Carriedat December 31, 2023
Property Name · No. ofBldgs. · Location · Encumbrances · Land · Buildings &Improvements · Land · Buildings &Improvements · Total · AccumulatedDepreciation · YearAcquired · YearConstructed
Los Angeles
104th Street	1	Los Angeles, CA	$—	$3,701	$976	$206	$3,701	$1,182	$4,883	$233	2017	1951
5401 West 104th St	1	Los Angeles, CA	—	15,721	1,463	45	15,721	1,508	17,230	46	2022	1951
139th Street	2	Carson, CA	—	21,236	15,783	720	21,236	16,503	37,739	2,760	2017	1965/2003
630 Glasgow	1	Inglewood, CA	—	2,245	1,855	475	2,245	2,330	4,575	966	2011	1988
747 Glasgow	1	Inglewood, CA	—	1,759	1,555	475	1,759	2,030	3,789	689	2014	1981
1150 & 1250 W. Trenton Ave	2	Orange, CA	—	7,491	2,488	—	7,491	2,488	9,979	168	2021	1980 & 1971
13020 & 13030 Cerise	2	Hawthorne, CA	—	6,986	1,371	1,536	6,986	2,907	9,895	118	2021	1956 & 1958
13025 Cerise	1	Hawthorne, CA	—	6,864	1,330	73	6,864	1,403	8,267	80	2021	1955
14611 Broadway	1	Gardena, CA	—	4,757	1,243	1,588	4,757	2,831	7,588	1,428	2013	1962
3660 Fee Ana	—	Anaheim, CA	—	14,213	1,147	1,211	14,213	2,359	16,572	116	2022	1966/1993
19601 Hamilton	1	Torrance, CA	—	7,409	4,072	1,881	7,409	5,953	13,362	2,081	2011	1985
8320-8400 Isis Avenue	1	Los Angeles, CA	—	14,963	3,429	136	14,963	3,565	18,528	157	2022	1979
332 Hindry Avenue	1	Inglewood, CA	—	6,977	2,800	155	6,977	2,955	9,932	134	2022	1983
709 Hindry	1	Inglewood, CA	—	2,105	2,972	648	2,105	3,620	5,725	723	2016	1984
Acacia	1	Compton, CA	—	5,143	1,985	500	5,143	2,485	7,628	527	2017	1972
Anderson	5	Los Angeles, CA	—	17,095	1,271	5,436	17,095	6,708	23,803	728	2019	1912-1987
Aviation	—	Inglewood, CA	—	9,544	498	1,592	9,544	2,090	11,634	189	2020	2013
Ceres Ave	2	Los Angeles, CA	—	4,825	2,833	57	4,825	2,890	7,715	161	2021	2015
Dominguez	—	Los Angeles, CA	—	11,370	1,535	3,235	11,370	4,770	16,140	1,169	2017
3091 East Coronado St	—	Anaheim, CA	—	7,140	464	147	7,140	611	7,751	48	2022	2017
Garfield	5	Commerce, CA	—	27,539	22,694	7,218	27,539	29,912	57,451	11,246	2012	2002
Gladwick	1	Rancho Dominguez, CA	—	11,636	5,998	341	11,636	6,339	17,975	665	2020	2009
Gramercy Place	1	Torrance, CA	—	4,846	1,503	252	4,846	1,756	6,602	184	2021	2015
Hawthorne	8	Hawthorne, CA	—	17,226	10,069	2,394	17,226	12,463	29,689	2,570	2017	1952/1986
Las Hermanas	1	Compton, CA	—	3,330	751	888	3,330	1,639	4,969	720	2014	1970
Lynwood	3	Lynwood, CA	—	43,885	—	—	43,885	—	43,885	—	2017	1988
McLaren	1	Irvine, CA	—	7,459	668	—	7,459	668	8,127	72	2020	1982
Manhattan Beach	1	Redondo Beach, CA	—	7,874	5,641	1,945	7,874	7,586	15,460	2,338	2012	1963/1970
Maple	—	Rancho Dominguez, CA	—	9,371	607	592	9,371	1,199	10,570	250	2020	1978
Maple II	—	Rancho Dominguez, CA	—	14,102	183	495	14,102	678	14,780	172	2021

Initial Costto Company · CostsCapitalizedSubsequenttoAcquisition · Gross Amount Carriedat December 31, 2023
Property Name · No. ofBldgs. · Location · Encumbrances · Land · Buildings &Improvements · Land · Buildings &Improvements · Total · AccumulatedDepreciation · YearAcquired · YearConstructed
Porter	1	Los Angeles, CA	—	3,791	399	3	3,791	402	4,193	34	2020	1911 & 1968
San Pedro	—	Gardena, CA	—	7,598	1,523	314	7,598	1,837	9,435	208	2021
Santa Fe	2	Redondo Beach, CA	—	37,049	5,560	—	37,049	5,560	42,608	31	2023	1968
Shoemaker	—	Santa Fe Springs, CA	—	4,759	1,099	281	4,759	1,380	6,139	262	2018	1986/1997
Slauson	—	Santa Fe Springs, CA	—	4,679	697	957	4,679	1,654	6,333	269	2019	1967/1973
19500 South Alameda St	—	Rancho Dominguez, CA	—	30,176	2,364	138	30,176	2,502	32,678	97	2022	1982/1985
South Main	2	Carson, CA	—	16,371	7,045	17,452	16,371	24,497	40,868	8,793	2012/2014	2016
South Main III	1	Gardena, CA	—	11,521	12,467	1,062	11,521	13,529	25,050	2,458	2017	2016
Telegraph Springs	2	Santa Fe Springs, CA	—	7,063	7,236	667	7,063	7,903	14,966	1,630	2017	2007
Vermont	1	Torrance, CA	—	10,173	7,105	848	10,173	7,953	18,126	1,298	2018	1978
Walnut II	1	Compton, CA	—	6,097	5,069	955	6,097	6,024	12,121	1,141	2018	1969
Northern New Jersey/New York City
17 Madison	1	Fairfield, NJ	—	974	1,647	771	974	2,418	3,392	918	2013	1979
22 Madison	1	Fairfield, NJ	—	1,365	1,607	1,187	1,365	2,794	4,159	671	2015	1979
48th 3rd and 286 Central	1	Kearny, NJ	—	12,061	1,664	1,101	12,061	2,765	14,826	371	2019	1978/1983
9th Street	1	Long Island City, NY	—	18,410	5,116	4,099	18,410	9,215	27,625	195	2023	1939
49th Street	1	Queens, NY	—	21,674	2,999	1,435	21,674	4,434	26,108	1,150	2019	1966
50 Kero	2	Carlstadt, NJ	—	10,343	3,876	4,581	10,343	8,457	18,800	1,779	2017	1970
51 Kero	—	Carlstadt, NJ	—	3,236	589	313	3,236	902	4,138	89	2019	1956-1966
74th North Bergen	1	North Bergen, NJ	—	2,933	1,817	1,204	2,933	3,021	5,954	861	2016	1973
81 N. Hackensack	—	Kearny, NJ	—	25,901	—	1,263	25,901	1,263	27,164	332	2019
85 Doremus	—	Newark, NJ	—	5,918	513	26	5,918	539	6,457	102	2018
87 Doremus	—	Newark, NJ	—	21,595	550	197	21,595	747	22,342	32	2022	N/A
127 Doremus	—	Newark, NJ	—	12,111	430	520	12,111	950	13,061	34	2022	N/A
97 Third Street	—	Kearny, NJ	—	25,580	1,566	1,690	25,580	3,256	28,836	396	2021	1970
190 Morgan	1	Brooklyn, NY	—	4,363	249	1,186	4,363	1,435	5,798	138	2021	1969
341 Michele	1	Carlstadt, NJ	—	2,372	4,798	1,275	2,372	6,073	8,445	1,877	2013	1973
422 Frelinghuysen	—	Newark, NJ	—	16,728	—	6,786	16,728	6,786	23,514	1,754	2017
465 Meadow	1	Carlstadt, NJ	—	713	1,618	319	713	1,937	2,650	527	2013	1972
550 Delancy	1	Newark, NJ	—	9,230	4,855	2,400	9,230	7,255	16,485	2,508	2013	1987
620 Division	1	Elizabeth, NJ	—	6,491	3,568	6,898	6,491	10,466	16,957	4,273	2011	1980
629 Henry	1	Elizabeth, NJ	—	13,734	1,690	394	13,734	2,084	15,818	61	2022	2004
900 Hart	1	Piscataway, NJ	—	3,202	3,866	1,787	3,202	5,653	8,855	1,839	2014	1983
901 North	1	Elizabeth, NJ	—	8,035	913	881	8,035	1,794	9,829	764	2016	2016
228 North Ave	1	Elizabeth, NJ	—	40,671	5,218	1,691	40,671	6,909	47,580	502	2021	1975
256 Patterson Plank	1	Carlstadt, NJ	—	9,478	1,284	1,754	9,478	3,038	12,516	335	2021	1960
293 Roanoke Avenue	—	Newark, NJ	—	11,395	2,217	381	11,395	2,598	13,992	183	2022	N/A

Initial Costto Company · CostsCapitalizedSubsequenttoAcquisition · Gross Amount Carriedat December 31, 2023
Property Name · No. ofBldgs. · Location · Encumbrances · Land · Buildings &Improvements · Land · Buildings &Improvements · Total · AccumulatedDepreciation · YearAcquired · YearConstructed
Avenue A	4	Carlstadt, NJ	—	7,516	4,660	1,455	7,516	6,115	13,631	1,578	2017	1951/1957
Belleville	1	Kearny, NJ	—	12,845	18,041	1,847	12,845	19,888	32,733	6,358	2011	2006
Commerce	1	Carlstadt, NJ	—	1,656	1,544	345	1,656	1,889	3,545	259	2018	1969
Dell	1	Carlstadt, NJ	—	6,641	771	888	6,641	1,659	8,300	545	2011	1972
Ethel	2	Piscataway, NJ	—	2,748	3,801	2,643	2,748	6,444	9,192	2,100	2013	1981/1984
Interstate	2	South Brunswick, NJ	—	13,686	12,135	13,879	13,686	26,014	39,700	9,109	2010/2013	1999/2014
JFK Airgate	4	Queens, NY	—	18,282	32,933	9,325	18,282	42,258	60,540	13,641	2013	1986/1991
Manor	1	East Rutherford, NJ	—	4,076	5,262	3,827	4,076	9,089	13,165	2,042	2015	1968
Morgan	2	Brooklyn, NY	—	71,051	10,888	6,673	71,051	17,561	88,612	2,533	2019	1960/1980 & 1967
New Dutch	1	Fairfield, NJ	—	4,773	2,004	—	4,773	2,004	6,777	473	2017	1976
Paterson Plank	1	Carlstadt, NJ	—	4,127	455	1,470	4,127	1,925	6,052	297	2016	1998
Stockton	—	Newark, NJ	—	12,327	1,282	536	12,327	1,818	14,145	723	2017
Terminal Way	2	Avenel, NJ	—	3,537	3,598	1,334	3,537	4,932	8,469	1,358	2014	1950/1968
Van Dyke	1	Red Hook, Brooklyn, NY	—	21,170	3,200	202	21,170	3,402	24,574	20	2023	1921
Whelan	1	East Rutherford, NJ	—	6,366	5,704	598	6,366	6,302	12,668	891	2019	2005
Wilson	1	Newark, NJ	—	2,016	484	813	2,016	1,297	3,313	535	2016	1970
Woodside	1	Queens, NY	—	23,987	3,796	4,092	23,987	7,888	31,875	1,710	2018	2018
San Francisco Bay Area
20th Street	1	Oakland, CA	—	18,092	6,730	2,030	18,092	8,760	26,852	1,279	2019	1970 & 2003
238/242 Lawrence	2	South San Francisco, CA	—	6,674	2,655	2,131	6,674	4,786	11,460	2,258	2010	1986
240 Littlefield	1	South San Francisco, CA	—	5,107	3,293	2,860	5,107	6,153	11,260	1,787	2013	2013
299 Lawrence	1	South San Francisco, CA	—	1,352	1,198	571	1,352	1,769	3,121	781	2010	1968
631 Brennan	1	San Jose, CA	—	1,932	2,245	1,040	1,932	3,285	5,217	1,184	2012	1975
3660 Thomas Road	1	Santa Clara, CA	—	43,053	13,887	1,463	43,053	15,349	58,403	675	2022	1973
Ahern	2	Union City, CA	—	3,246	2,749	1,730	3,246	4,479	7,725	1,859	2010	1986
Ahern II	1	Union City, CA	—	2,467	4,527	844	2,467	5,371	7,838	1,430	2015	1997
Berryessa	—	San Jose, CA	—	23,057	2,574	812	23,057	3,386	26,443	80	2021
Burroughs	3	San Leandro, CA	—	5,400	7,092	1,736	5,400	8,828	14,228	2,634	2014	1966
Caribbean	3	Sunnyvale, CA	—	17,483	14,493	2,965	17,483	17,458	34,941	6,097	2012	1980/1981
Carlton Court	1	South San Francisco, CA	—	2,036	1,475	722	2,036	2,197	4,233	706	2012	1981
Clawiter	1	Hayward, CA	—	5,964	1,159	189	5,964	1,348	7,312	391	2011	1967
East Gish	—	San Jose, CA	—	6,759	726	2	6,759	729	7,487	67	2021	1959
Edison	3	San Leandro, CA	—	14,797	2,806	2,203	14,797	5,008	19,805	483	2021	1975
Foley Street	2	Hayward, CA	—	5,023	3,281	632	5,023	3,913	8,935	314	2021	1976 & 1972
Hotchkiss	1	Fremont, CA	—	4,163	3,152	1,401	4,163	4,553	8,716	963	2017	1997
Hotchkiss II	1	Fremont, CA	—	3,042	3,081	355	3,042	3,436	6,478	569	2018	1997

Initial Costto Company · CostsCapitalizedSubsequenttoAcquisition · Gross Amount Carriedat December 31, 2023
Property Name · No. ofBldgs. · Location · Encumbrances · Land · Buildings &Improvements · Land · Buildings &Improvements · Total · AccumulatedDepreciation · YearAcquired · YearConstructed
Merced	4	San Leandro, CA	—	25,621	9,318	5,689	25,621	15,007	40,628	2,507	2018	1958
Michele	1	South San Francisco, CA	—	2,710	2,540	822	2,710	3,362	6,072	706	2016	1979
Minnesota and Tennessee	2	San Francisco, CA	—	34,738	13,141	2,530	34,738	15,671	50,409	1,899	2019	1963
Morton	4	Newark, CA	—	65,640	115,039	158	65,640	115,197	180,837	2,384	2023	2020
Old Bayshore	—	San Jose, CA	—	10,244	1,609	149	10,244	1,758	12,002	265	2020	1955
San Clemente	1	Hayward, CA	—	5,126	3,938	782	5,126	4,720	9,846	716	2018	1982
Teagarden	5	San Leandro, CA	—	19,172	15,221	605	19,172	15,825	34,997	677	2022	1970/1972
Starlite	1	South San Francisco, CA	—	3,738	144	2,379	3,738	2,523	6,261	153	2020	1966 & 1972
West 140th	2	San Leandro, CA	—	9,578	6,297	3,745	9,578	10,042	19,620	2,380	2016	1959
Whitney	3	San Leandro, CA	—	13,821	9,016	2,706	13,821	11,722	25,543	2,303	2018	1974
Wicks	1	San Leandro, CA	—	2,224	298	86	2,224	384	2,608	79	2018	1976
Central Pacific Business Park I	3	Union City, CA	—	8,468	14,165	2,287	8,468	16,452	24,920	4,734	2014	1989
Central Pacific Business Park II	4	Union City, CA	—	13,642	23,658	7,788	13,642	31,446	45,088	9,791	2015	2015
Seattle
1st Ave	1	Seattle, WA	—	29,441	30,537	8,835	29,441	39,372	68,812	3,684	2018	1937 & 1967
33rd Place	2	Bellevue, WA	—	10,655	3,930	144	10,655	4,074	14,729	222	2022	1968-2009
6th Ave South	1	Seattle, WA	—	7,215	8,670	163	7,215	8,833	16,048	1,108	2020	1960
68th Kent	2	Kent, WA	—	7,465	2,263	155	7,465	2,418	9,883	187	2021	1976
84th Kent	—	Kent, WA	—	4,552	136	283	4,552	419	4,971	147	2020	1963 & 2000
117th Place NE	1	Kirkland, WA	—	23,846	9,842	1,242	23,846	11,084	34,930	850	2021	1978
917 Valley	1	Puyallup, WA	—	2,203	4,551	373	2,203	4,924	7,127	614	2019	2006
3401 Lind	1	Renton, WA	—	2,999	6,707	1,451	2,999	8,158	11,157	2,076	2014	1984/2012
4225 2nd Avenue	1	Seattle, WA	—	4,236	4,049	2,258	4,236	6,307	10,543	1,657	2015	1957
4930 3rd Avenue South	1	Seattle, WA	—	3,984	2,424	1,246	3,984	3,670	7,654	946	2016	1964
12119 East Marginal	—	Tukwila, WA	—	4,950	1,740	—	4,950	1,740	6,690	149	2020	1996
17600 West Valley Highway	1	Tukwila, WA	—	3,361	5,260	1,934	3,361	7,194	10,555	2,723	2012	1986
Auburn 400	1	Auburn, WA	—	4,415	5,234	832	4,415	6,066	10,481	827	2019	2000
Auburn 1307	1	Auburn, WA	—	4,253	5,034	718	4,253	5,752	10,005	1,625	2014	2002
Dawson	1	Seattle, WA	—	3,902	278	435	3,902	713	4,615	292	2017	1964
Denver	1	Seattle, WA	—	3,203	1,345	666	3,203	2,011	5,214	694	2016	1953
East Valley	1	Renton, WA	—	2,693	2,959	381	2,693	3,340	6,033	490	2018	1991
East Marginal	—	Renton, WA	—	2,618	380	198	2,618	578	3,196	133	2019	1991
Hudson	1	Seattle, WA	—	4,471	912	323	4,471	1,235	5,706	146	2020	2006
Kent 188	1	Kent, WA	—	3,251	4,719	2,340	3,251	7,059	10,310	2,668	2010	1979
Kent 190	1	Kent, WA	—	4,560	5,561	1,522	4,560	7,083	11,643	1,811	2015	1992/1999

Initial Costto Company · CostsCapitalizedSubsequenttoAcquisition · Gross Amount Carriedat December 31, 2023
Property Name · No. ofBldgs. · Location · Encumbrances · Land · Buildings &Improvements · Land · Buildings &Improvements · Total · AccumulatedDepreciation · YearAcquired · YearConstructed
Kent 192	1	Kent, WA	—	12,752	20,642	533	12,752	21,175	33,927	2,511	2020
Kent 202	1	Kent, WA	—	5,761	9,114	3,410	5,761	12,524	18,285	3,757	2015	1981
Kent 216	1	Kent, WA	—	3,672	5,408	1,145	3,672	6,553	10,225	1,963	2014	1996
Kent Corporate Park	4	Kent, WA	—	5,032	6,916	2,542	5,032	9,458	14,490	3,065	2015	1980/1981
Lucile	1	Seattle, WA	—	4,498	3,504	1,674	4,498	5,178	9,676	1,398	2017	1976
Lund	1	Auburn, WA	—	2,573	4,399	397	2,573	4,796	7,369	1,071	2016	1999
Occidental Avenue	3	Seattle, WA	—	12,550	3,300	1,231	12,550	4,531	17,081	362	2021	1988
Olympic	1	Tukwila, WA	—	1,499	1,431	713	1,499	2,144	3,643	843	2015	1978
MLK 9801	—	Seattle, WA	—	14,388	1,360	429	14,208	1,789	15,997	100	2021
MLK 9845	—	Seattle, WA	—	14,436	531	95	15,389	626	16,014	62	2021
MLK 9600	—	Seattle, WA	—	20,849	1,395	812	20,077	2,207	22,283	452	2021	1957
NE 91st	2	Redmond, WA	—	7,944	1,866	—	7,944	1,866	9,810	84	2022	1986/1987
SeaTac 8th Avenue	1	Burien, WA	—	2,501	4,020	2,098	2,501	6,118	8,619	2,102	2013	1988
SE 32nd Street	1	Bellevue, WA	—	9,059	2,081	1,257	9,059	3,338	12,397	608	2020	1982
SW 16th Street	—	Renton, WA	—	6,251	2,001	—	6,251	2,001	8,252	143	2021	1962
SW 34th	1	Renton, WA	—	2,912	3,289	562	2,912	3,851	6,763	1,206	2014	1996/2010
Valley Corporate	2	Kent, WA	—	5,264	9,096	2,253	5,264	11,349	16,613	4,567	2011	1987
Woodinville	1	Woodinville, WA	—	12,490	12,244	2	12,490	12,246	24,736	695	2021	1996
Woodinville II	2	Woodinville, WA	—	20,941	12,949	33	20,941	12,982	33,923	687	2021	1999
Willows	—	Redmond, WA	—	3,067	581	179	3,067	760	3,827	47	2021	1970
8660 Willows Road	—	Redmond, WA	—	18,034	2,180	1,360	18,034	3,540	21,574	173	2022	1987
Miami
26th Street	1	Miami, FL	—	3,444	4,558	1,272	3,444	5,830	9,274	1,843	2012	1973
48th Avenue	2	Miami Gardens, FL	—	4,322	2,187	1,028	4,322	3,215	7,537	932	2011	1987
70th Avenue	1	Miami, FL	—	1,434	2,333	469	1,434	2,802	4,236	936	2011	1999
70th Avenue II	1	Miami, FL	—	2,152	3,418	1,043	2,152	4,461	6,613	1,055	2016	1969
70th Avenue III	1	Miami, FL	—	2,543	3,167	730	2,543	3,897	6,440	854	2016	1974
70th Avenue IV	1	Miami, FL	—	1,119	1,456	672	1,119	2,128	3,247	407	2017	1969
70th Avenue V	1	Miami, FL	—	5,036	3,419	2,455	5,036	5,874	10,910	911	2017	1974
73rd Street	2	Miami, FL	—	6,130	13,932	453	6,130	14,385	20,515	691	2021	2022
74th Avenue	1	Miami, FL	—	2,327	3,538	913	2,327	4,451	6,778	1,044	2016	1986
78th Avenue	1	Doral, FL	—	2,445	1,755	3,015	2,445	4,770	7,215	1,808	2012	1977
81st Street	2	Medley, FL	—	2,938	5,242	1,691	2,938	6,933	9,871	2,090	2015	1996/2003
94th Avenue	1	Doral, FL	—	3,000	3,580	3,040	3,000	6,620	9,620	736	2017	1989
107th Avenue	1	Medley, FL	—	2,787	2,036	902	2,787	2,938	5,725	1,091	2013	2001
101st Road	1	Medley, FL	—	2,647	3,258	1,074	2,647	4,332	6,979	1,453	2013	2012
131st Street	1	Medley, FL	—	2,903	5,729	1,285	2,903	7,014	9,917	1,932	2014	1999

Initial Costto Company · CostsCapitalizedSubsequenttoAcquisition · Gross Amount Carriedat December 31, 2023
Property Name · No. ofBldgs. · Location · Encumbrances · Land · Buildings &Improvements · Land · Buildings &Improvements · Total · AccumulatedDepreciation · YearAcquired · YearConstructed
7045 NW 46th St	1	Miami, FL	—	2,517	2,261	210		2,517		2,471	4,988	103	2022	1986
8050 NW 90th St	—	Medley, FL	—	18,612	2,067	3,497		18,612		5,564	24,176	258	2022	N/A
12950 SW South River	1	Medley, FL	—	1,971	4,029	843		1,971		4,872	6,843	1,089	2016	2000
Americas Gateway	5	Doral, FL	—	9,088	9,552	5,326		9,088		14,878	23,966	5,154	2013	1978/1982
Americas Gateway 5	1	Doral, FL	—	2,064	4,326	390		2,064		4,716	6,780	312	2013	2022
Countyline #24 & #25	2	Hialeah, FL	—	15,552	27,898	6,636		15,552		34,534	50,086	3,260	2021	2021 & 2021
Countyline #26	1	Hialeah, FL	—	11,826	24,407	4,958		11,826		29,365	41,191	2,397	2021	2021
Countyline #27 & #28	2	Hialeah, FL	—	18,595	49,052	9,766		18,595		58,818	77,413	4,436	2021	2021 & 2021
Countyline #29 & #30	2	Hialeah, FL	—	19,370	52,925	6,455		19,370		59,380	78,750	2,623	2022	2022
Countyline #41	1	Hialeah, FL	—	14,044	31,261	385		14,044		31,646	45,690	53	2023	2023
Miami International Trade Center	4	Medley, FL	—	5,063	10,958	2,791		5,063		13,749	18,812	3,514	2015	1996
Washington, D.C.
25th Place NE	1	Washington, D.C.	—	7,845	4,932	—		7,845		4,932	12,777	79	2023	2023
75th Ave	5	Landover, MD	—	10,658	18,615	6,391		10,658		25,006	35,664	6,880	2014	1987/1990
2920 V Street	1	Washington, D.C.	—	2,248	1,670	1,499		2,248		3,169	5,417	670	2017	1958
3601 Pennsy	1	Landover, MD	—	2,331	4,375	1,745		2,331		6,120	8,451	2,005	2013	1996
4230 Forbes	1	Lanham, MD	—	1,736	2,395	1,374		1,736		3,769	5,505	1,080	2013	2003
4501 46th Street	—	Bladensburg, MD	—	9,576	1,984	1,029		9,576		3,012	12,588	143	2021	1955
Business Parkway	1	Lanham, MD	—	3,038	3,007	210		3,038		3,217	6,255	629	2016	2002
Eisenhower	3	Alexandria, VA	—	36,755	23,768	2,438		36,755		26,206	62,961	1,412	2021	1974
Hampton Overlook	3	Capitol Heights, MD	—	4,602	7,521	2,234		4,602		9,755	14,357	2,087	2016	1989/1990
Pickett	1	Alexandria, VA	—	6,256	2,850	690		6,256		3,540	9,797	250	2021	1963
Tuxedo	—	Hyattsville, MD	—	6,867	1,266	1,157		6,867		2,423	9,290	155	2021	1962
V Street	6	Washington, D.C.	—	67,132	41,299	19,519		67,132		60,818	127,949	17,251	2015	1955/1963
Subtotal	259		—	1,995,494	1,211,327	350,205		1,995,494		1,561,532	3,557,026	287,541
Unamortized net premiums
Unamortized net deferred financing costs
Intangible assets							147,329		96,939
Total	259		$—	$1,995,494	$1,211,327	$350,205		$1,995,494		$1,561,532	$3,704,355	$384,480

Schedule III

Real Estate Investments and Accumulated Depreciation – (Continued)

As of December 31, 2023

A summary of activity for real estate and accumulated depreciation for the years ended December 31, 2023 and 2022 is as follows:

	2023	2022
Investment in Properties
Balance at beginning of year	$3,398,774	$2,946,826
Acquisition of properties	512,531	422,298
Disposition of properties	(43,854)	(65,379)
Construction in progress	139,974	21,623
Improvements, net of write-offs	40,415	73,406
Balance at end of year	$4,047,840	$3,398,774

	2023	2022
Accumulated Depreciation
Balance at beginning of year	$323,631	$279,062
Amortization of lease intangible assets	15,008	14,253
Depreciation expense	56,765	48,771
Disposition of properties and write-offs	(10,924)	(18,455)
Balance at end of year	$384,480	$323,631

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