Schedule III-Real Estate and Accumulated Depreciation |
Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Schedule III-Real Estate and Accumulated Depreciation
December 31, 2018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Initial Cost |
|
Costs Capitalized
Subsequent
to Acquisition
|
|
Gross Amount at which Carried
at End of Period
|
Property Name |
Land |
|
Building and
Improvements
|
|
Improvements
(net)
|
|
Carrying
Costs
|
|
Land |
|
Building and
Improvements
|
|
Total |
(in thousands) |
Amscot Building |
$ |
— |
|
|
$ |
462 |
|
|
$ |
31 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
493 |
|
|
$ |
493 |
|
Lumber River Village |
800 |
|
|
4,487 |
|
|
151 |
|
|
— |
|
|
942 |
|
|
4,496 |
|
|
5,438 |
|
Perimeter Square |
1,566 |
|
|
5,081 |
|
|
1,950 |
|
|
— |
|
|
1,705 |
|
|
6,892 |
|
|
8,597 |
|
Riversedge North |
910 |
|
|
2,208 |
|
|
721 |
|
|
— |
|
|
910 |
|
|
2,929 |
|
|
3,839 |
|
Surrey Plaza |
381 |
|
|
1,857 |
|
|
— |
|
|
— |
|
|
381 |
|
|
1,857 |
|
|
2,238 |
|
The Shoppes at TJ Maxx |
2,115 |
|
|
6,719 |
|
|
644 |
|
|
— |
|
|
2,115 |
|
|
7,363 |
|
|
9,478 |
|
Twin City Commons |
800 |
|
|
3,041 |
|
|
24 |
|
|
— |
|
|
800 |
|
|
3,065 |
|
|
3,865 |
|
Walnut Hill Plaza |
734 |
|
|
2,414 |
|
|
1,324 |
|
|
— |
|
|
734 |
|
|
3,738 |
|
|
4,472 |
|
Tampa Festival |
4,653 |
|
|
6,691 |
|
|
407 |
|
|
— |
|
|
4,695 |
|
|
7,056 |
|
|
11,751 |
|
Forrest Gallery |
3,015 |
|
|
7,455 |
|
|
884 |
|
|
— |
|
|
3,015 |
|
|
8,339 |
|
|
11,354 |
|
Jenks Plaza |
498 |
|
|
918 |
|
|
227 |
|
|
— |
|
|
498 |
|
|
1,145 |
|
|
1,643 |
|
Winslow Plaza |
1,325 |
|
|
3,684 |
|
|
205 |
|
|
— |
|
|
1,370 |
|
|
3,844 |
|
|
5,214 |
|
Clover Plaza |
356 |
|
|
1,197 |
|
|
26 |
|
|
— |
|
|
356 |
|
|
1,223 |
|
|
1,579 |
|
St. George Plaza |
706 |
|
|
1,264 |
|
|
46 |
|
|
— |
|
|
752 |
|
|
1,264 |
|
|
2,016 |
|
South Square |
353 |
|
|
1,911 |
|
|
10 |
|
|
— |
|
|
353 |
|
|
1,921 |
|
|
2,274 |
|
Westland Square |
887 |
|
|
1,710 |
|
|
55 |
|
|
— |
|
|
901 |
|
|
1,751 |
|
|
2,652 |
|
Waterway Plaza |
1,280 |
|
|
1,248 |
|
|
136 |
|
|
— |
|
|
1,280 |
|
|
1,384 |
|
|
2,664 |
|
Cypress Shopping Center |
2,064 |
|
|
4,579 |
|
|
251 |
|
|
— |
|
|
2,064 |
|
|
4,830 |
|
|
6,894 |
|
Harrodsburg Marketplace |
1,431 |
|
|
2,485 |
|
|
78 |
|
|
— |
|
|
1,509 |
|
|
2,485 |
|
|
3,994 |
|
Port Crossing Shopping Center |
792 |
|
|
6,921 |
|
|
102 |
|
|
— |
|
|
792 |
|
|
7,023 |
|
|
7,815 |
|
LaGrange Marketplace |
390 |
|
|
2,648 |
|
|
285 |
|
|
— |
|
|
430 |
|
|
2,893 |
|
|
3,323 |
|
DF I-Courtland (1)
|
196 |
|
|
— |
|
|
— |
|
|
— |
|
|
196 |
|
|
— |
|
|
196 |
|
Edenton Commons (1)
|
746 |
|
|
— |
|
|
— |
|
|
— |
|
|
746 |
|
|
— |
|
|
746 |
|
DF I-Moyock (1)
|
179 |
|
|
— |
|
|
— |
|
|
— |
|
|
179 |
|
|
— |
|
|
179 |
|
Freeway Junction |
1,521 |
|
|
6,755 |
|
|
8 |
|
|
— |
|
|
1,521 |
|
|
6,763 |
|
|
8,284 |
|
Graystone Crossing |
922 |
|
|
2,856 |
|
|
— |
|
|
— |
|
|
922 |
|
|
2,856 |
|
|
3,778 |
|
Bryan Station |
1,658 |
|
|
2,756 |
|
|
57 |
|
|
— |
|
|
1,658 |
|
|
2,813 |
|
|
4,471 |
|
Crockett Square |
1,546 |
|
|
6,834 |
|
|
183 |
|
|
— |
|
|
1,565 |
|
|
6,998 |
|
|
8,563 |
|
Harbor Pointe (1)
|
1,538 |
|
|
— |
|
|
134 |
|
|
— |
|
|
1,665 |
|
|
7 |
|
|
1,672 |
|
DF I-Berkley |
250 |
|
|
— |
|
|
— |
|
|
— |
|
|
250 |
|
|
— |
|
|
250 |
|
Pierpont Centre |
484 |
|
|
9,221 |
|
|
30 |
|
|
— |
|
|
504 |
|
|
9,231 |
|
|
9,735 |
|
Brook Run Properties |
300 |
|
|
— |
|
|
8 |
|
|
— |
|
|
300 |
|
|
8 |
|
|
308 |
|
Alex City Marketplace |
454 |
|
|
7,837 |
|
|
1,488 |
|
|
— |
|
|
577 |
|
|
9,202 |
|
|
9,779 |
|
Butler Square |
1,024 |
|
|
6,401 |
|
|
192 |
|
|
— |
|
|
1,024 |
|
|
6,593 |
|
|
7,617 |
|
Brook Run Shopping Center |
2,209 |
|
|
12,919 |
|
|
520 |
|
|
— |
|
|
2,256 |
|
|
13,392 |
|
|
15,648 |
|
Beaver Ruin Village |
2,604 |
|
|
8,284 |
|
|
19 |
|
|
— |
|
|
2,604 |
|
|
8,303 |
|
|
10,907 |
|
Beaver Ruin Village II |
1,153 |
|
|
2,809 |
|
|
5 |
|
|
— |
|
|
1,153 |
|
|
2,814 |
|
|
3,967 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Initial Cost |
|
Costs Capitalized
Subsequent
to Acquisition
|
|
Gross Amount at which Carried
at End of Period
|
Property Name |
Land |
|
Building and
Improvements
|
|
Improvements
(net)
|
|
Carrying
Costs
|
|
Land |
|
Building and
Improvements
|
|
Total |
Columbia Fire Station |
$ |
1,706 |
|
|
$ |
599 |
|
|
$ |
4,780 |
|
|
$ |
— |
|
|
$ |
1,706 |
|
|
$ |
5,379 |
|
|
$ |
7,085 |
|
Chesapeake Square |
895 |
|
|
4,112 |
|
|
900 |
|
|
— |
|
|
1,232 |
|
|
4,675 |
|
|
5,907 |
|
Sunshine Plaza |
1,183 |
|
|
6,368 |
|
|
131 |
|
|
— |
|
|
1,183 |
|
|
6,499 |
|
|
7,682 |
|
Barnett Portfolio |
3,107 |
|
|
8,912 |
|
|
141 |
|
|
— |
|
|
3,193 |
|
|
8,967 |
|
|
12,160 |
|
Grove Park |
722 |
|
|
4,590 |
|
|
3 |
|
|
— |
|
|
722 |
|
|
4,593 |
|
|
5,315 |
|
Parkway Plaza |
772 |
|
|
4,230 |
|
|
47 |
|
|
— |
|
|
778 |
|
|
4,271 |
|
|
5,049 |
|
Fort Howard Square |
1,890 |
|
|
7,350 |
|
|
246 |
|
|
— |
|
|
1,928 |
|
|
7,558 |
|
|
9,486 |
|
Conyers Crossing |
2,034 |
|
|
6,820 |
|
|
— |
|
|
— |
|
|
2,034 |
|
|
6,820 |
|
|
8,854 |
|
LBP Vauxhall |
— |
|
|
— |
|
|
1 |
|
|
— |
|
|
— |
|
|
1 |
|
|
1 |
|
Darien Shopping Center |
188 |
|
|
1,054 |
|
|
— |
|
|
— |
|
|
188 |
|
|
1,054 |
|
|
1,242 |
|
Devine Street |
365 |
|
|
1,941 |
|
|
— |
|
|
— |
|
|
365 |
|
|
1,941 |
|
|
2,306 |
|
Folly Road |
5,992 |
|
|
4,527 |
|
|
— |
|
|
— |
|
|
5,992 |
|
|
4,527 |
|
|
10,519 |
|
Georgetown |
742 |
|
|
1,917 |
|
|
93 |
|
|
— |
|
|
742 |
|
|
2,010 |
|
|
2,752 |
|
Ladson Crossing |
2,981 |
|
|
3,920 |
|
|
21 |
|
|
— |
|
|
2,981 |
|
|
3,941 |
|
|
6,922 |
|
Lake Greenwood Crossing |
550 |
|
|
2,499 |
|
|
18 |
|
|
— |
|
|
550 |
|
|
2,517 |
|
|
3,067 |
|
Lake Murray |
447 |
|
|
1,537 |
|
|
— |
|
|
— |
|
|
447 |
|
|
1,537 |
|
|
1,984 |
|
Litchfield I |
568 |
|
|
929 |
|
|
— |
|
|
— |
|
|
568 |
|
|
929 |
|
|
1,497 |
|
Litchfield II |
568 |
|
|
936 |
|
|
— |
|
|
— |
|
|
568 |
|
|
936 |
|
|
1,504 |
|
Litchfield Market Village |
2,970 |
|
|
4,716 |
|
|
29 |
|
|
— |
|
|
2,970 |
|
|
4,745 |
|
|
7,715 |
|
Moncks Corner |
— |
|
|
1,109 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,109 |
|
|
1,109 |
|
Ridgeland |
203 |
|
|
376 |
|
|
— |
|
|
— |
|
|
203 |
|
|
376 |
|
|
579 |
|
Shoppes at Myrtle Park |
3,182 |
|
|
5,360 |
|
|
816 |
|
|
— |
|
|
3,182 |
|
|
6,176 |
|
|
9,358 |
|
South Lake |
804 |
|
|
2,025 |
|
|
(37 |
) |
|
— |
|
|
804 |
|
|
1,988 |
|
|
2,792 |
|
South Park |
943 |
|
|
2,967 |
|
|
(21 |
) |
|
— |
|
|
943 |
|
|
2,946 |
|
|
3,889 |
|
St. Matthews |
338 |
|
|
1,941 |
|
|
(9 |
) |
|
— |
|
|
338 |
|
|
1,932 |
|
|
2,270 |
|
Berkley |
1,005 |
|
|
2,865 |
|
|
(62 |
) |
|
— |
|
|
1,005 |
|
|
2,803 |
|
|
3,808 |
|
Sangaree |
2,302 |
|
|
2,922 |
|
|
236 |
|
|
— |
|
|
2,503 |
|
|
2,957 |
|
|
5,460 |
|
Tri-County |
411 |
|
|
3,421 |
|
|
139 |
|
|
— |
|
|
552 |
|
|
3,419 |
|
|
3,971 |
|
Riverbridge |
774 |
|
|
5,384 |
|
|
— |
|
|
— |
|
|
774 |
|
|
5,384 |
|
|
6,158 |
|
Laburnum Square |
3,736 |
|
|
5,928 |
|
|
115 |
|
|
— |
|
|
3,736 |
|
|
6,043 |
|
|
9,779 |
|
Franklin Village |
2,608 |
|
|
9,426 |
|
|
— |
|
|
— |
|
|
2,608 |
|
|
9,426 |
|
|
12,034 |
|
Village at Martinsville |
5,208 |
|
|
12,879 |
|
|
— |
|
|
— |
|
|
5,208 |
|
|
12,879 |
|
|
18,087 |
|
New Market Crossing |
993 |
|
|
5,216 |
|
|
363 |
|
|
— |
|
|
1,042 |
|
|
5,530 |
|
|
6,572 |
|
Rivergate Shopping Center |
1,570 |
|
|
30,694 |
|
|
89 |
|
|
— |
|
|
1,570 |
|
|
30,783 |
|
|
32,353 |
|
JANAF |
8,267 |
|
|
66,856 |
|
|
21 |
|
|
— |
|
|
8,267 |
|
|
66,877 |
|
|
75,144 |
|
Totals |
$ |
101,864 |
|
|
$ |
361,978 |
|
|
$ |
18,261 |
|
|
$ |
— |
|
|
$ |
103,604 |
|
|
$ |
378,499 |
|
|
$ |
482,103 |
|
(1) Includes impairment charge described in Note 3 of the consolidated audited financial statements.
Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Schedule III-Real Estate and Accumulated Depreciation
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property Name |
Encumbrances |
|
|
Accumulated
Depreciation
|
|
Date of
Construction
|
|
Date
Acquired
|
|
Depreciation
Life
|
|
(in thousands) |
|
|
|
|
|
|
Amscot Building |
(3 |
) |
(5 |
) |
|
$ |
216 |
|
|
5/15/2004 |
|
|
|
5-40 years |
Lumber River Village |
$ |
1,448 |
|
|
|
879 |
|
|
|
|
11/16/2012 |
|
5-40 years |
Perimeter Square |
6,497 |
|
(5 |
) |
|
1,079 |
|
|
|
|
11/16/2012 |
|
5-40 years |
Riversedge North |
1,800 |
|
|
|
1,432 |
|
|
4/17/2008 |
|
12/21/2012 |
|
5-40 years |
Surrey Plaza |
(3 |
) |
(5 |
) |
|
436 |
|
|
|
|
12/21/2012 |
|
5-40 years |
The Shoppes at TJ Maxx |
5,539 |
|
|
|
1,617 |
|
|
|
|
11/16/2012 |
|
5-40 years |
Twin City Commons |
3,048 |
|
|
|
590 |
|
|
|
|
12/18/2012 |
|
5-40 years |
Walnut Hill Plaza |
3,868 |
|
(5 |
) |
|
1,928 |
|
|
|
|
12/14/2007 |
|
5-40 years |
Tampa Festival |
8,227 |
|
|
|
1,377 |
|
|
|
|
8/26/2013 |
|
5-40 years |
Forrest Gallery |
8,529 |
|
|
|
1,552 |
|
|
|
|
8/29/2013 |
|
5-40 years |
Jenks Plaza |
(3 |
) |
(5 |
) |
|
207 |
|
|
|
|
12/17/2013 |
|
5-40 years |
Winslow Plaza |
4,620 |
|
|
|
784 |
|
|
|
|
12/19/2013 |
|
5-40 years |
Clover Plaza |
2,018 |
|
|
|
176 |
|
|
|
|
12/23/2013 |
|
5-40 years |
St. George Plaza |
2,544 |
|
|
|
198 |
|
|
|
|
12/23/2013 |
|
5-40 years |
South Square |
2,072 |
|
|
|
252 |
|
|
|
|
12/23/2013 |
|
5-40 years |
Westland Square |
2,644 |
|
|
|
249 |
|
|
|
|
12/23/2013 |
|
5-40 years |
Waterway Plaza |
2,589 |
|
|
|
189 |
|
|
|
|
12/23/2013 |
|
5-40 years |
Cypress Shopping Center |
6,379 |
|
|
|
606 |
|
|
|
|
7/1/2014 |
|
5-40 years |
Harrodsburg Marketplace |
3,486 |
|
|
|
356 |
|
|
|
|
7/1/2014 |
|
5-40 years |
Port Crossing Shopping Center |
6,150 |
|
|
|
1,438 |
|
|
|
|
7/3/2014 |
|
5-40 years |
LaGrange Marketplace |
(6 |
) |
(5 |
) |
|
457 |
|
|
|
|
7/25/2014 |
|
5-40 years |
DF I-Courtland (undeveloped land) |
|
(5 |
) |
|
— |
|
|
|
|
8/15/2014 |
|
N/A |
Edenton Commons (undeveloped land) |
|
(5 |
) |
|
— |
|
|
|
|
8/15/2014 |
|
N/A |
DF I-Moyock (undeveloped land) |
73 |
|
(5 |
) |
|
— |
|
|
|
|
8/15/2014 |
|
N/A |
Freeway Junction |
7,863 |
|
|
|
955 |
|
|
|
|
9/4/2014 |
|
5-40 years |
Graystone Crossing |
3,863 |
|
|
|
302 |
|
|
|
|
9/26/2014 |
|
5-40 years |
Bryan Station |
4,472 |
|
|
|
378 |
|
|
|
|
10/2/2014 |
|
5-40 years |
Crockett Square |
6,338 |
|
|
|
950 |
|
|
|
|
11/5/2014 |
|
5-40 years |
Harbor Pointe (undeveloped land) |
460 |
|
(5 |
) |
|
— |
|
|
|
|
11/21/2014 |
|
N/A |
DF I-Berkley (undeveloped land) |
|
(5 |
) |
|
— |
|
|
|
|
12/1/2014 |
|
N/A |
Pierpont Centre |
8,113 |
|
|
|
1,174 |
|
|
|
|
1/14/2015 |
|
5-40 years |
Brook Run Properties (undeveloped land) |
|
(5 |
) |
|
— |
|
|
|
|
3/27/2015 |
|
N/A |
Alex City Marketplace |
5,750 |
|
|
|
1,001 |
|
|
|
|
4/1/2015 |
|
5-40 years |
Butler Square |
5,640 |
|
|
|
687 |
|
|
|
|
4/15/2015 |
|
5-40 years |
Brook Run Shopping Center |
10,950 |
|
|
|
2,598 |
|
|
|
|
6/2/2015 |
|
5-40 years |
Beaver Ruin Village |
(4 |
) |
|
|
870 |
|
|
|
|
7/1/2015 |
|
5-40 years |
Beaver Ruin Village II |
(4 |
) |
|
|
280 |
|
|
|
|
7/1/2015 |
|
5-40 years |
Columbia Fire Station |
4,189 |
|
(5 |
) |
|
73 |
|
|
8/31/2018 |
|
7/1/2015 |
|
5-40 years |
Chesapeake Square |
4,434 |
|
|
|
660 |
|
|
|
|
7/10/2015 |
|
5-40 years |
Sunshine Plaza |
5,900 |
|
|
|
690 |
|
|
|
|
7/21/2015 |
|
5-40 years |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property Name |
Encumbrances |
|
|
Accumulated
Depreciation
|
|
Date of
Construction
|
|
Date
Acquired
|
|
Depreciation
Life
|
|
(in thousands) |
|
|
|
|
|
|
Barnett Portfolio |
$ |
8,770 |
|
|
|
$ |
1,055 |
|
|
|
|
8/21/2015 |
|
5-40 years |
Grove Park |
3,800 |
|
|
|
585 |
|
|
|
|
9/9/2015 |
|
5-40 years |
Parkway Plaza |
3,500 |
|
|
|
440 |
|
|
|
|
9/15/2015 |
|
5-40 years |
Fort Howard Square |
7,100 |
|
|
|
724 |
|
|
|
|
9/30/2015 |
|
5-40 years |
Conyers Crossing |
5,960 |
|
|
|
891 |
|
|
|
|
9/30/2015 |
|
5-40 years |
Darien Shopping Center |
(1 |
) |
|
|
90 |
|
|
|
|
4/12/2016 |
|
5-40 years |
Devine Street |
(1 |
) |
|
|
148 |
|
|
|
|
4/12/2016 |
|
5-40 years |
Folly Road |
6,073 |
|
|
|
357 |
|
|
|
|
4/12/2016 |
|
5-40 years |
Georgetown |
(6 |
) |
|
|
156 |
|
|
|
|
4/12/2016 |
|
5-40 years |
Ladson Crossing |
(7 |
) |
|
|
328 |
|
|
|
|
4/12/2016 |
|
5-40 years |
Lake Greenwood Crossing |
(7 |
) |
|
|
202 |
|
|
|
|
4/12/2016 |
|
5-40 years |
Lake Murray |
(1 |
) |
|
|
155 |
|
|
|
|
4/12/2016 |
|
5-40 years |
Litchfield I |
(1 |
) |
|
|
93 |
|
|
|
|
4/12/2016 |
|
5-40 years |
Litchfield II |
(1 |
) |
|
|
106 |
|
|
|
|
4/12/2016 |
|
5-40 years |
Litchfield Market Village |
(1 |
) |
|
|
414 |
|
|
|
|
4/12/2016 |
|
5-40 years |
Moncks Corner |
(1 |
) |
|
|
94 |
|
|
|
|
4/12/2016 |
|
5-40 years |
Ridgeland |
(6 |
) |
|
|
38 |
|
|
|
|
4/12/2016 |
|
5-40 years |
Shoppes at Myrtle Park |
(1 |
) |
|
|
466 |
|
|
|
|
4/12/2016 |
|
5-40 years |
South Lake |
(1 |
) |
|
|
158 |
|
|
|
|
4/12/2016 |
|
5-40 years |
South Park |
(7 |
) |
|
|
220 |
|
|
|
|
4/12/2016 |
|
5-40 years |
St. Matthews |
(1 |
) |
|
|
138 |
|
|
|
|
4/12/2016 |
|
5-40 years |
Berkley |
(2 |
) |
|
|
191 |
|
|
|
|
11/10/2016 |
|
5-40 years |
Sangaree |
(2 |
) |
|
|
319 |
|
|
|
|
11/10/2016 |
|
5-40 years |
Tri-County |
(2 |
) |
|
|
325 |
|
|
|
|
11/10/2016 |
|
5-40 years |
Riverbridge |
4,000 |
|
|
|
384 |
|
|
|
|
11/15/2016 |
|
5-40 years |
Laburnum Square |
(1 |
) |
|
|
403 |
|
|
|
|
12/7/2016 |
|
5-40 years |
Franklin Village |
8,516 |
|
|
|
574 |
|
|
|
|
12/12/2016 |
|
5-40 years |
Village at Martinsville |
(1 |
) |
|
|
888 |
|
|
|
|
12/16/2016 |
|
5-40 years |
New Market Crossing |
6,907 |
|
|
|
342 |
|
|
|
|
12/20/2016 |
|
5-40 years |
Rivergate Shopping Center |
22,117 |
|
|
|
1,833 |
|
|
|
|
12/21/2016 |
|
5-40 years |
JANAF |
63,818 |
|
|
|
1,946 |
|
|
|
|
1/18/2018 |
|
5-40 years |
Totals |
|
|
|
$ |
40,699 |
|
|
|
|
|
|
|
(1) Properties secure a $52.1 million mortgage note.
(2) Properties secure a $9.4 million mortgage note.
(3) These properties secure a $3.0 million bank line of credit.
(4) Properties secure a $9.4 million mortgage note.
(5) Properties secure the $1.1 million Revere Term Loan.
(6) Properties secure a $5.74 million mortgage note.
(7) Properties secure a $7.60 million mortgage note.
|
|
|
|
|
|
|
|
|
|
2018 |
|
2017 |
|
(in thousands) |
Balance at beginning of period |
$ |
415,379 |
|
|
$ |
409,585 |
|
Additions during the period: |
|
|
|
Acquisitions |
75,123 |
|
|
— |
|
Improvements |
5,567 |
|
|
7,367 |
|
Impairments |
(3,938 |
) |
|
— |
|
Disposals |
(10,028 |
) |
|
(1,573 |
) |
Balance at end of period |
$ |
482,103 |
|
|
$ |
415,379 |
|
|