Annual report pursuant to Section 13 and 15(d)

Schedule III-Real Estate and Accumulated Depreciation

v3.10.0.1
Schedule III-Real Estate and Accumulated Depreciation
12 Months Ended
Dec. 31, 2018
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
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