Annual report pursuant to Section 13 and 15(d)

Schedule III-Real Estate and Accumulated Depreciation

v3.20.4
Schedule III-Real Estate and Accumulated Depreciation
12 Months Ended
Dec. 31, 2020
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, 2020
  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 
Surrey Plaza 381  1,857  —  —  381  1,857  2,238 
Tuckernuck 2,115  6,719  1,009  —  2,171  7,672  9,843 
Twin City Commons 800  3,041  142  —  800  3,183  3,983 
Walnut Hill Plaza 734  2,414  1,334  —  734  3,748  4,482 
Tampa Festival 4,653  6,691  442  —  4,695  7,091  11,786 
Forrest Gallery 3,015  7,455  1,081  —  3,015  8,536  11,551 
Winslow Plaza 1,325  3,684  210  —  1,370  3,849  5,219 
Clover Plaza 356  1,197  29  —  356  1,226  1,582 
St. George Plaza 706  1,264  69  —  752  1,287  2,039 
South Square 353  1,911  31  —  374  1,921  2,295 
Westland Square 887  1,710  36  —  901  1,732  2,633 
Waterway Plaza 1,280  1,248  214  —  1,299  1,443  2,742 
Cypress Shopping Center 2,064  4,579  476  —  2,064  5,055  7,119 
Harrodsburg Marketplace 1,431  2,485  72  —  1,509  2,479  3,988 
Port Crossing Shopping Center 792  6,921  167  —  792  7,088  7,880 
LaGrange Marketplace 390  2,648  277  —  430  2,885  3,315 
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  152  —  1,521  6,907  8,428 
Bryan Station 1,658  2,756  85  —  1,658  2,841  4,499 
Crockett Square 1,546  6,834  183  —  1,565  6,998  8,563 
Harbor Pointe (1)
1,538  —  (359) —  1,179  —  1,179 
DF I-Berkley 250  —  —  —  250  —  250 
Pierpont Centre 484  9,221  171  —  676  9,200  9,876 
Brook Run Properties 300  —  —  300  308 
Alex City Marketplace 454  7,837  1,610  —  716  9,185  9,901 
Butler Square 1,024  6,401  224  —  1,024  6,625  7,649 
Brook Run Shopping Center 2,209  12,919  593  —  2,377  13,344  15,721 
Beaver Ruin Village 2,604  8,284  102  —  2,604  8,386  10,990 
Beaver Ruin Village II 1,153  2,809  —  1,153  2,814  3,967 
Columbia Fire Station (1)
1,106  599  4,719  —  1,106  5,318  6,424 
Chesapeake Square 895  4,112  966  —  1,269  4,704  5,973 
Sunshine Plaza 1,183  6,368  500  —  1,222  6,829  8,051 
Barnett Portfolio 3,107  8,912  281  —  3,234  9,066  12,300 
Grove Park 722  4,590  84  —  741  4,655  5,396 
Parkway Plaza 772  4,230  32  —  778  4,256  5,034 
Fort Howard Square 1,890  7,350  212  —  1,952  7,500  9,452 
  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
Conyers Crossing $ 2,034  $ 6,820  $ 94  $ —  $ 2,034  $ 6,914  $ 8,948 
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  64  —  3,052  3,913  6,965 
Lake Greenwood Crossing 550  2,499  17  —  550  2,516  3,066 
Lake Murray 447  1,537  —  —  447  1,537  1,984 
Litchfield I 568  929  61  —  572  986  1,558 
Litchfield II 568  936  24  —  572  956  1,528 
Litchfield Market Village 2,970  4,716  127  —  3,046  4,767  7,813 
Moncks Corner —  1,109  —  —  1,118  1,118 
Ridgeland 203  376  —  —  203  376  579 
Shoppes at Myrtle Park 3,182  5,360  824  —  3,182  6,184  9,366 
South Lake 804  2,025  (27) —  804  1,998  2,802 
South Park 943  2,967  98  —  1,019  2,989  4,008 
Berkley 1,005  2,865  (50) —  1,005  2,815  3,820 
Sangaree 2,302  2,922  636  —  2,503  3,357  5,860 
Tri-County 411  3,421  376  —  635  3,573  4,208 
Riverbridge 774  5,384  —  —  774  5,384  6,158 
Laburnum Square 3,736  5,928  215  —  3,811  6,068  9,879 
Franklin Village 2,608  9,426  26  —  2,608  9,452  12,060 
Village at Martinsville 5,208  12,879  241  —  5,228  13,100  18,328 
New Market Crossing 993  5,216  363  —  1,042  5,530  6,572 
Rivergate Shopping Center 1,570  30,694  146  —  1,672  30,738  32,410 
JANAF 8,267  66,549  441  —  8,467  66,790  75,257 
Totals $ 97,030  $ 348,667  $ 19,117  $ —  $ 99,544  $ 365,270  $ 464,814 

(1) Net of impairment expenses 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) $ 243  5/15/2004 5-40 years
Lumber River Village $ 1,367  1,144  11/16/2012 5-40 years
Surrey Plaza (3) 535  12/21/2012 5-40 years
Tuckernuck 5,193  1,902  11/16/2012 5-40 years
Twin City Commons 2,915  795  12/18/2012 5-40 years
Walnut Hill Plaza 3,287  2,373  12/14/2007 5-15 years
Tampa Festival 7,920  1,891  8/26/2013 5-40 years
Forrest Gallery 8,226  2,215  8/29/2013 5-40 years
Winslow Plaza 4,553  992  12/19/2013 5-40 years
Clover Plaza 1,951  243  12/23/2013 5-40 years
St. George Plaza 2,460  264  12/23/2013 5-40 years
South Square 2,003  356  12/23/2013 5-40 years
Westland Square 2,556  334  12/23/2013 5-40 years
Waterway Plaza 2,503  271  12/23/2013 5-40 years
Cypress Shopping Center 6,163  891  7/1/2014 5-40 years
Harrodsburg Marketplace 3,343  484  7/1/2014 5-40 years
Port Crossing Shopping Center 5,909  1,883  7/3/2014 5-40 years
LaGrange Marketplace (6) 595  7/25/2014 5-40 years
DF I-Courtland (undeveloped land) —  8/15/2014 N/A
Edenton Commons (undeveloped land) —  8/15/2014 N/A
DF I-Moyock (undeveloped land) —  8/15/2014 N/A
Freeway Junction 7,582  1,360  9/4/2014 5-40 years
Bryan Station 4,312  550  10/2/2014 5-40 years
Crockett Square 6,338  1,403  11/5/2014 5-40 years
Harbor Pointe (undeveloped land) —  11/21/2014 N/A
DF I-Berkley (undeveloped land) —  12/1/2014 N/A
Pierpont Centre 8,001  1,673  1/14/2015 5-40 years
Brook Run Properties (undeveloped land) —  3/27/2015 N/A
Alex City Marketplace 5,750  1,658  4/1/2015 5-40 years
Butler Square 5,640  1,051  4/15/2015 5-40 years
Brook Run Shopping Center 10,950  3,708  6/2/2015 5-40 years
Beaver Ruin Village (4) 1,296  7/1/2015 5-40 years
Beaver Ruin Village II (4) 435  7/1/2015 5-40 years
Columbia Fire Station 3,893  235  8/31/2018 7/1/2015 5-40 years
Chesapeake Square 4,279  1,009  7/10/2015 5-40 years
Sunshine Plaza 5,900  1,066  7/21/2015 5-40 years
Barnett Portfolio 8,770  1,570  8/21/2015 5-40 years
Grove Park 3,800  849  9/9/2015 5-40 years
Parkway Plaza 3,500  680  9/15/2015 5-40 years
Property Name Encumbrances Accumulated
Depreciation
Date of
Construction
Date
Acquired
Depreciation
Life
(in thousands)
Fort Howard Square $ 7,100  $ 1,126  9/30/2015 5-40 years
Conyers Crossing 5,960  1,301  9/30/2015 5-40 years
Darien Shopping Center (1) 144  4/12/2016 5-40 years
Devine Street (1) 252  4/12/2016 5-40 years
Folly Road 7,223  608  4/12/2016 5-40 years
Georgetown (6) 272  4/12/2016 5-40 years
Ladson Crossing (7) 553  4/12/2016 5-40 years
Lake Greenwood Crossing (7) 343  4/12/2016 5-40 years
Lake Murray (1) 236  4/12/2016 5-40 years
Litchfield I (5) 160  4/12/2016 5-40 years
Litchfield II (5) 132  4/12/2016 5-40 years
Litchfield Market Village (5) 687  4/12/2016 5-40 years
Moncks Corner (1) 162  4/12/2016 5-40 years
Ridgeland (6) 65  4/12/2016 5-40 years
Shoppes at Myrtle Park 5,892  921  4/12/2016 5-40 years
South Lake (1) 261  4/12/2016 5-40 years
South Park (7) 393  4/12/2016 5-40 years
Berkley (2) 335  11/10/2016 5-40 years
Sangaree (2) 655  11/10/2016 5-40 years
Tri-County (2) 552  11/10/2016 5-40 years
Riverbridge 4,000  727  11/15/2016 5-40 years
Laburnum Square 7,665  798  12/7/2016 5-40 years
Franklin Village 8,404  1,078  12/12/2016 5-40 years
Village at Martinsville 15,979  1,772  12/16/2016 5-40 years
New Market Crossing 6,508  690  12/20/2016 5-40 years
Rivergate Shopping Center 21,164  3,596  12/21/2016 5-40 years
JANAF 59,982  5,912  1/18/2018 5-40 years
Totals $ 59,685 
(1) Properties secure a $25.0 million term note.
(2) Properties secure a $9.4 million mortgage note.
(3) Properties secure a $1.1 million mortgage note.
(4) Properties secure a $9.4 million mortgage note.
(5) Properties secure a $7.4 million mortgage note.
(6) Properties secure a $5.6 million mortgage note.
(7) Properties secure a $7.2 million mortgage note.
Schedule III-Real Estate and Accumulated Depreciation (Continued)

2020 2019
(in thousands)
Balance at beginning of period $ 468,499  $ 482,103 
Additions during the period:
Acquisitions —  35 
Improvements 3,066  2,711 
Impairments (600) (1,598)
Disposals (6,151) (14,752)
Balance at end of period $ 464,814  $ 468,499