Annual report pursuant to Section 13 and 15(d)

Schedule III-Real Estate and Accumulated Depreciation

v3.22.4
Schedule III-Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2022
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, 2022
  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
WHLR (in thousands)
Amscot Building $ —  $ 462  $ 31  $ —  $ —  $ 493  $ 493 
Lumber River Village 800  4,487  221  —  1,005  4,503  5,508 
Surrey Plaza 381  1,857  516  —  701  2,053  2,754 
Tuckernuck 2,115  6,719  1,316  —  2,171  7,979  10,150 
Twin City Commons 800  3,041  151  —  809  3,183  3,992 
Tampa Festival 4,653  6,691  1,144  —  4,695  7,793  12,488 
Forrest Gallery 3,015  7,455  2,645  —  3,192  9,923  13,115 
Winslow Plaza 1,325  3,684  462  —  1,582  3,889  5,471 
Clover Plaza 356  1,197  29  —  356  1,226  1,582 
St. George Plaza 706  1,264  235  —  776  1,429  2,205 
South Square 353  1,911  328  —  480  2,112  2,592 
Westland Square 887  1,710  216  —  901  1,912  2,813 
Waterway Plaza 1,280  1,248  430  —  1,474  1,484  2,958 
Cypress Shopping Center 2,064  4,579  367  —  2,064  4,946  7,010 
Harrodsburg Marketplace 1,431  2,485  80  —  1,515  2,481  3,996 
Port Crossing Shopping Center 792  6,921  212  —  792  7,133  7,925 
LaGrange Marketplace 390  2,648  429  —  430  3,037  3,467 
DF I-Courtland (1)
196  —  —  —  196  —  196 
DF I-Edenton (1)
746  —  —  —  746  —  746 
Freeway Junction 1,521  6,755  213  —  1,521  6,968  8,489 
Bryan Station 1,658  2,756  338  —  1,807  2,945  4,752 
Crockett Square 1,546  6,834  233  —  1,565  7,048  8,613 
Harbor Pointe (1)
778  —  (359) —  419  —  419 
Pierpont Centre 484  9,221  494  —  881  9,318  10,199 
Brook Run Properties 300  —  8  —  300  8  308 
Alex City Marketplace 454  7,837  1,879  —  716  9,454  10,170 
Brook Run Shopping Center 2,209  12,919  326  —  2,377  13,077  15,454 
Beaver Ruin Village 2,604  8,284  114  —  2,619  8,383  11,002 
Beaver Ruin Village II 1,153  2,809  5  —  1,153  2,814  3,967 
Chesapeake Square 895  4,112  1,088  —  1,269  4,826  6,095 
Sunshine Plaza 1,183  6,368  584  —  1,268  6,867  8,135 
Barnett Portfolio 3,107  8,912  497  —  3,293  9,223  12,516 
Grove Park 722  4,590  69  —  790  4,591  5,381 
Parkway Plaza 772  4,230  72  —  778  4,296  5,074 
Fort Howard Square 1,890  7,350  343  —  1,952  7,631  9,583 
Conyers Crossing 2,034  6,820  351  —  2,138  7,067  9,205 
Darien Shopping Center 188  1,054  (17) —  188  1,037  1,225 
Devine Street 365  1,941  (4) —  365  1,937  2,302 
Folly Road 5,992  4,527  43  —  6,020  4,542  10,562 
Georgetown 742  1,917  126  —  753  2,032  2,785 
  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
Ladson Crossing $ 2,981  $ 3,920  $ 206  —  $ 3,146  $ 3,961  $ 7,107 
Lake Greenwood Crossing 550  2,499  17  —  550  2,516  3,066 
Lake Murray 447  1,537  42  —  470  1,556  2,026 
Litchfield I 568  929  84  —  572  1,009  1,581 
Litchfield II 568  936  146  —  572  1,078  1,650 
Litchfield Market Village 2,970  4,716  590  —  3,125  5,151  8,276 
Moncks Corner —  1,109  9  —  —  1,118  1,118 
Ridgeland 203  376  —  —  203  376  579 
Shoppes at Myrtle Park 3,182  5,360  1,103  —  3,182  6,463  9,645 
South Lake 804  2,025  931  —  804  2,956  3,760 
South Park 943  2,967  114  —  1,005  3,019  4,024 
Sangaree 2,302  2,922  762  —  2,503  3,483  5,986 
Tri-County 411  3,421  379  —  635  3,576  4,211 
Riverbridge 774  5,384  69  —  815  5,412  6,227 
Laburnum Square 3,735  5,929  278  —  3,827  6,115  9,942 
Franklin Village 2,608  9,426  433  —  2,685  9,782  12,467 
Village at Martinsville 5,208  12,879  997  —  5,228  13,856  19,084 
New Market Crossing 993  5,216  782  —  1,060  5,931  6,991 
Rivergate Shopping Center 1,537  29,177  1,189  —  1,687  30,216  31,903 
JANAF 8,267  66,549  1,548  —  8,514  67,850  76,364 
Totals $ 91,938  $ 334,872  $ 24,894  $ —  $ 96,640  $ 355,064  $ 451,704 
CDR
Brickyard Plaza $ 1,989  $ 13,119  $ —  $ —  $ 1,989  $ 13,119  $ 15,108 
Carll's Corner 2,193  3,011  —  —  2,193  3,011  5,204 
Coliseum Marketplace 1,226  3,172  27  —  1,226  3,199  4,425 
Fairview Commons 948  2,083  —  —  948  2,083  3,031 
Fieldstone Marketplace 2,359  2,279  126  —  2,359  2,405  4,764 
Gold Star Plaza 1,403  3,223  —  —  1,403  3,223  4,626 
Golden Triangle 3,322  13,388  (49) —  3,322  13,339  16,661 
Hamburg Square 933  4,967  —  —  933  4,967  5,900 
Kings Plaza 2,192  3,961  —  —  2,192  3,961  6,153 
Oakland Commons 824  3,080  —  —  824  3,080  3,904 
Oregon Avenue 3,158  —  277  3,158  277  3,435 
Patuxent Crossing 2,999  15,145  450  —  2,999  15,595  18,594 
Pine Grove Plaza 1,292  3,832  (3) —  1,292  3,829  5,121 
South Philadelphia 11,996  11,137  —  —  11,996  11,137  23,133 
Southington Center 358  8,429  —  —  358  8,429  8,787 
Timpany Plaza 1,778  5,754  1  —  1,778  5,755  7,533 
Trexler Mall 3,746  22,979  —  —  3,746  22,979  26,725 
Washington Center Shoppes 3,618  11,354  206  —  3,618  11,560  15,178 
Webster Commons 1,565  6,207  113  —  1,565  6,320  7,885 
CDR Total $ 47,899  $ 137,120  $ 1,148  $ —  $ 47,899  $ 138,268  $ 186,167 
Combined Total $ 139,837  $ 471,992  $ 26,042  $ —  $ 144,539  $ 493,332  $ 637,871 
(1) Net of impairment expenses.

As of December 31, 2022, the aggregate cost for federal income tax purposes was approximately $866 million.
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
WHLR (in thousands)
Amscot Building $ 264  5/15/2004
5-40 years
Lumber River Village (3)
1,415  11/16/2012
5-40 years
Surrey Plaza (3)
652  12/21/2012
5-40 years
Tuckernuck $ 4,915  2,598  11/16/2012
5-40 years
Twin City Commons (3)
988  12/18/2012
5-40 years
Tampa Festival (3)
2,405  8/26/2013
5-40 years
Forrest Gallery (3)
2,847  8/29/2013
5-40 years
Winslow Plaza 4,409  1,198  12/19/2013
5-40 years
Clover Plaza (3)
311  12/23/2013
5-40 years
St. George Plaza (3)
342  12/23/2013
5-40 years
South Square (3)
478  12/23/2013
5-40 years
Westland Square (3)
449  12/23/2013
5-40 years
Waterway Plaza (3)
361  12/23/2013
5-40 years
Cypress Shopping Center 5,903  1,163  7/1/2014
5-40 years
Harrodsburg Marketplace 3,186  629  7/1/2014
5-40 years
Port Crossing Shopping Center 5,641  2,249  7/3/2014
5-40 years
LaGrange Marketplace (3)
735  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
Freeway Junction 7,273  1,652  9/4/2014
5-40 years
Bryan Station 4,136  818  10/2/2014
5-40 years
Crockett Square 6,338  1,787  11/5/2014
5-40 years
Harbor Pointe (undeveloped land) —  11/21/2014 N/A
Pierpont Centre 7,716  2,167  1/14/2015
5-40 years
Brook Run Properties (undeveloped land) —  3/27/2015 N/A
Alex City Marketplace 5,750  2,378  4/1/2015
5-40 years
Brook Run Shopping Center 10,950  3,404  6/2/2015
5-40 years
Beaver Ruin Village (2)
1,737  7/1/2015
5-40 years
Beaver Ruin Village II (2)
587  7/1/2015
5-40 years
Chesapeake Square 4,106  1,344  7/10/2015
5-40 years
Sunshine Plaza 5,900  1,539  7/21/2015
5-40 years
Barnett Portfolio 8,770  2,076  8/21/2015
5-40 years
Grove Park 3,800  1,040  9/9/2015
5-40 years
Parkway Plaza 3,500  933  9/15/2015
5-40 years
Fort Howard Square 7,100  1,591  9/30/2015
5-40 years
Conyers Crossing 5,960  1,669  9/30/2015
5-40 years
Darien Shopping Center (3)
179  4/12/2016
5-40 years
Devine Street 352  4/12/2016
5-40 years
Property Name Encumbrances Accumulated
Depreciation		 Date of
Construction		 Date
Acquired		 Depreciation
Life
(in thousands)
Folly Road (3)
$ 851  4/12/2016
5-40 years
Georgetown (3)
385  4/12/2016
5-40 years
Ladson Crossing (3)
775  4/12/2016
5-40 years
Lake Greenwood Crossing (3)
489  4/12/2016
5-40 years
Lake Murray (3)
299  4/12/2016
5-40 years
Litchfield I (3)
213  4/12/2016
5-40 years
Litchfield II (3)
186  4/12/2016
5-40 years
Litchfield Market Village (3)
962  4/12/2016
5-40 years
Moncks Corner 225  4/12/2016
5-40 years
Ridgeland (3)
92  4/12/2016
5-40 years
Shoppes at Myrtle Park 5,615  1,358  4/12/2016
5-40 years
South Lake (3)
634  4/12/2016
5-40 years
South Park (3)
567  4/12/2016
5-40 years
Sangaree (1)
989  11/10/2016
5-40 years
Tri-County (1)
761  11/10/2016
5-40 years
Riverbridge 4,000  1,021  11/15/2016
5-40 years
Laburnum Square 7,665  1,153  12/7/2016
5-40 years
Franklin Village 8,144  1,620  12/12/2016
5-40 years
Village at Martinsville 15,181  2,733  12/16/2016
5-40 years
New Market Crossing (3)
1,036  12/20/2016
5-40 years
Rivergate Shopping Center 18,003  5,121  12/21/2016
5-40 years
JANAF Shopping Center 60,000  9,685  1/18/2018
5-40 years
WHLR Totals $ 75,492 
CDR
Brickyard Plaza (4)
$ 189  8/22/2022
5-40 years
Carll's Corner 51  8/22/2022
5-40 years
Coliseum Marketplace (5)
72  8/22/2022
5-40 years
Fairview Commons (4)
43  8/22/2022
5-40 years
Fieldstone Marketplace 69  8/22/2022
5-40 years
Gold Star Plaza (4)
71  8/22/2022
5-40 years
Golden Triangle (4)
209  8/22/2022
5-40 years
Hamburg Square (4)
84  8/22/2022
5-40 years
Kings Plaza 81  8/22/2022
5-40 years
Oakland Commons 55  8/22/2022
5-40 years
Oregon Avenue —  8/22/2022 N/A
Patuxent Crossing (5)
250  8/22/2022
5-40 years
Pine Grove Plaza (4)
68  8/22/2022
5-40 years
South Philadelphia 183  8/22/2022
5-40 years
Southington Center (4)
130  8/22/2022
5-40 years
Timpany Plaza 105  8/22/2022
5-40 years
Trexler Mall (4)
324  8/22/2022
5-40 years
Washington Center Shoppes (4)
167  8/22/2022
5-40 years
Webster Commons (4)
101  8/22/2022
5-40 years
CDR Totals $ 2,252 
Combined Totals 77,744 
(1) Properties secure a $6.1 million mortgage note.
(2) Properties secure a $9.4 million mortgage note.
(3) Properties secure a $75.0 million mortgage note.
(4) Properties secure a $110.0 million mortgage note.
(5) Properties secure a $25.0 million mortgage note.

The changes in total real estate assets for the years ended December 31, 2022 and 2021 are as follows:
2022 2021
(in thousands)
Balance at beginning of period $ 458,214  $ 464,814 
Additions during the period:
Acquisitions 185,019  — 
Improvements 6,777  4,997 
Impairments (760) (2,300)
Disposals (11,379) (9,297)
Balance at end of period $ 637,871  $ 458,214