Cover Page
Cover Page - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Feb. 09, 2023 | Jun. 30, 2022 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2022 | ||
Current Fiscal Year End Date | --12-31 | ||
Document Transition Report | false | ||
Entity File Number | 001-38342 | ||
Entity Registrant Name | INDUSTRIAL LOGISTICS PROPERTIES TRUST | ||
Entity Incorporation, State or Country Code | MD | ||
Entity Tax Identification Number | 82-2809631 | ||
Entity Address, Address Line One | Two Newton Place, | ||
Entity Address, Address Line Two | 255 Washington Street, | ||
Entity Address, Address Line Three | Suite 300, | ||
Entity Address, City or Town | Newton, | ||
Entity Address, State or Province | MA | ||
Entity Address, Postal Zip Code | 02458-1634 | ||
City Area Code | 617 | ||
Local Phone Number | 219-1460 | ||
Title of 12(b) Security | Common Shares of Beneficial Interest | ||
Trading Symbol | ILPT | ||
Security Exchange Name | NASDAQ | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
ICFR Auditor Attestation Flag | true | ||
Entity Shell Company | false | ||
Entity Public Float | $ 907.8 | ||
Entity Common Stock, Shares Outstanding | 65,566,363 | ||
Documents Incorporated by Reference | Certain information required by Items 10, 11, 12, 13 and 14 of Part III of this Annual Report on Form 10-K is incorporated by reference to our definitive Proxy Statement for the 2023 Annual Meeting of Shareholders, to be filed with the Securities and Exchange Commission within 120 days after the fiscal year ended December 31, 2022. | ||
Entity Central Index Key | 0001717307 | ||
Document Fiscal Year Focus | 2022 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false |
Audit Information
Audit Information | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2020 | |
Auditor [Abstract] | ||
Auditor Name | Deloitte & Touche LLP | |
Auditor Firm ID | 34 | |
Auditor Location | Boston, Massachusetts | Boston, Massachusetts |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | |
Real estate properties: | |||
Land | $ 1,117,779 | $ 699,037 | |
Buildings and improvements | 4,058,329 | 1,049,796 | |
Total real estate properties, gross | 5,176,108 | 1,748,833 | |
Accumulated depreciation | (273,467) | (167,490) | |
Total real estate properties, net | 4,902,641 | 1,581,343 | |
Investment in unconsolidated joint venture | 124,358 | 143,021 | |
Acquired real estate leases, net | 297,445 | 63,441 | |
Cash and cash equivalents | 48,261 | 29,397 | |
Restricted cash | [1] | 92,519 | 0 |
Rents receivable, including straight line rents of $80,710 and $69,172, respectively | 107,011 | 75,877 | |
Other assets, net | 103,931 | 15,479 | |
Total assets | 5,676,166 | 1,908,558 | |
LIABILITIES AND EQUITY | |||
Revolving credit facility | 0 | 182,000 | |
Mortgages and notes payable, net | 4,244,501 | 646,124 | |
Accounts payable and other liabilities | 73,547 | 27,772 | |
Assumed real estate lease obligations, net | 22,523 | 12,435 | |
Due to related persons | 4,824 | 2,185 | |
Total liabilities | 4,345,395 | 870,516 | |
Commitments and contingencies | |||
Equity: | |||
Common shares of beneficial interest, $.01 par value: 100,000,000 shares authorized; 65,568,145 and 65,404,592 shares issued and outstanding, respectively | 656 | 654 | |
Additional paid in capital | 1,014,201 | 1,012,224 | |
Cumulative net income | 117,185 | 343,908 | |
Cumulative other comprehensive income | 21,903 | 0 | |
Cumulative common distributions | (363,221) | (318,744) | |
Total equity attributable to common shareholders | 790,724 | 1,038,042 | |
Total equity attributable to noncontrolling interest | 540,047 | 0 | |
Total equity | 1,330,771 | 1,038,042 | |
Total liabilities and equity | $ 5,676,166 | $ 1,908,558 | |
[1]Restricted cash consists of amounts escrowed for capital expenditures at certain of our mortgaged properties and cash held for the operations of our consolidated joint venture in which we own a 61% equity interest. |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Statement of Financial Position [Abstract] | ||
Straight line rents | $ 80,710 | $ 69,172 |
Common stock, par value per share (in usd per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Common shares, shares issued (in shares) | 65,568,145 | 65,404,592 |
Common shares, shares outstanding (in shares) | 65,568,145 | 65,404,592 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Revenues [Abstract] | |||
Rental income | $ 388,151 | $ 219,874 | $ 254,575 |
Expenses: | |||
Real estate taxes | 50,624 | 30,134 | 35,185 |
Other operating expenses | 30,855 | 18,678 | 20,749 |
Depreciation and amortization | 160,982 | 50,598 | 70,518 |
General and administrative | 32,877 | 16,724 | 200 |
Acquisition and other transaction related costs | 586 | 1,132 | 19,580 |
Loss on impairment of real estate | 100,747 | 0 | 0 |
Total expenses | 376,671 | 117,266 | 146,232 |
Interest and other income | 2,663 | 0 | 113 |
Interest expense (including net amortization of debt issuance costs, premiums and discounts of $96,974, $2,022, and $2,481, respectively) | (280,051) | (35,625) | (51,619) |
(Loss) gain on sale of real estate | (10) | 12,054 | 23,996 |
Loss on equity securities | (5,758) | 0 | 0 |
(Loss) gain on early extinguishment of debt | (22,198) | 0 | 120 |
(Loss) income before income tax expense and equity in earnings of unconsolidated joint venture | (293,874) | 79,037 | 80,953 |
Income tax expense | (45) | (273) | (277) |
Equity in earnings of unconsolidated joint venture | 7,078 | 40,918 | 529 |
Net (loss) income | (286,841) | 119,682 | 81,205 |
Net loss attributable to noncontrolling interest | 60,118 | 0 | 866 |
Net (loss) income attributable to common shareholders | (226,723) | 119,682 | 82,071 |
Other comprehensive income: | |||
Unrealized gain on derivatives | 30,194 | 0 | 0 |
Less: unrealized gain on derivatives attributable to noncontrolling interest | (8,291) | 0 | 0 |
Other comprehensive income attributable to common shareholders | 21,903 | 0 | 0 |
Comprehensive (loss) income attributable to common shareholders | $ (204,820) | $ 119,682 | $ 82,071 |
Weighted average common shares outstanding - basic (in shares) | 65,248 | 65,169 | 65,104 |
Weighted average common shares outstanding - diluted (in shares) | 65,248 | 65,211 | 65,114 |
Per common share data (basic and diluted): | |||
Net (loss) income attributable to common shareholders, basic (in usd per share) | $ (3.47) | $ 1.83 | $ 1.26 |
Net (loss) income attributable to common shareholders, diluted (in usd per share) | $ (3.47) | $ 1.83 | $ 1.26 |
CONSOLIDATED STATEMENTS OF CO_2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income Statement [Abstract] | |||
Amortization of debt issuance costs, premiums and discounts | $ 96,974 | $ 2,022 | $ 2,481 |
CONSOLIDATED STATEMENTS OF SHAR
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($) $ in Thousands | Total | Total Equity Attributable to Common Shareholders | Common shares | Additional Paid In Capital | Cumulative Net Income | Cumulative Other Comprehensive Income | Cumulative Common Distributions | Total Equity Attributable to Noncontrolling nterest |
Beginning balance (in shares) at Dec. 31, 2019 | 65,180,628 | |||||||
Beginning balance at Dec. 31, 2019 | $ 995,690 | $ 995,690 | $ 652 | $ 999,302 | $ 142,155 | $ 0 | $ (146,419) | $ 0 |
Increase (Decrease) in Stockholders' Equity | ||||||||
Net income (loss) | 81,205 | 82,071 | 82,071 | (866) | ||||
Share grants (in shares) | 139,100 | |||||||
Share grants | 2,336 | 2,336 | $ 1 | 2,335 | ||||
Share repurchases (in shares) | (18,060) | |||||||
Share repurchases | (382) | (382) | (382) | |||||
Share forfeitures (in shares) | (580) | |||||||
Share forfeitures | (3) | (3) | (3) | |||||
Distributions to common shareholders | (86,089) | (86,089) | (86,089) | |||||
Contributions from noncontrolling interest | 107,942 | 9,567 | 9,567 | 98,375 | ||||
Distributions to noncontrolling interest | (5,479) | (5,479) | ||||||
Sale of interest in joint venture | (92,030) | (92,030) | ||||||
Ending balance (in shares) at Dec. 31, 2020 | 65,301,088 | |||||||
Ending balance at Dec. 31, 2020 | 1,003,190 | 1,003,190 | $ 653 | 1,010,819 | 224,226 | 0 | (232,508) | 0 |
Increase (Decrease) in Stockholders' Equity | ||||||||
Net income (loss) | 119,682 | 119,682 | 119,682 | 0 | ||||
Share grants (in shares) | 139,800 | |||||||
Share grants | 2,332 | 2,332 | $ 1 | 2,331 | ||||
Share repurchases (in shares) | (35,596) | |||||||
Share repurchases | (922) | (922) | (922) | |||||
Share forfeitures (in shares) | (700) | |||||||
Share forfeitures | (4) | (4) | (4) | |||||
Distributions to common shareholders | (86,236) | (86,236) | (86,236) | |||||
Ending balance (in shares) at Dec. 31, 2021 | 65,404,592 | |||||||
Ending balance at Dec. 31, 2021 | 1,038,042 | 1,038,042 | $ 654 | 1,012,224 | 343,908 | 0 | (318,744) | 0 |
Increase (Decrease) in Stockholders' Equity | ||||||||
Net income (loss) | (286,841) | (226,723) | (226,723) | (60,118) | ||||
Share grants (in shares) | 197,800 | |||||||
Share grants | 2,230 | 2,230 | $ 2 | 2,228 | ||||
Share repurchases (in shares) | (32,347) | |||||||
Share repurchases | (242) | (242) | (242) | |||||
Share forfeitures (in shares) | (1,900) | |||||||
Share forfeitures | (9) | (9) | (9) | |||||
Distributions to common shareholders | (44,477) | (44,477) | (44,477) | |||||
Contributions from noncontrolling interest | 593,239 | 593,239 | ||||||
Distributions to noncontrolling interest | (1,365) | (1,365) | ||||||
Net current period other comprehensive income | 30,194 | 21,903 | 21,903 | 8,291 | ||||
Ending balance (in shares) at Dec. 31, 2022 | 65,568,145 | |||||||
Ending balance at Dec. 31, 2022 | $ 1,330,771 | $ 790,724 | $ 656 | $ 1,014,201 | $ 117,185 | $ 21,903 | $ (363,221) | $ 540,047 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
Net (loss) income | $ (286,841) | $ 119,682 | $ 81,205 | |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||
Depreciation | 106,236 | 32,457 | 43,821 | |
Loss on impairment of real estate | 100,747 | 0 | 0 | |
Net amortization of debt issuance costs, premiums and discounts | 96,974 | 2,022 | 2,481 | |
Amortization of acquired real estate leases and assumed real estate lease obligations | 48,570 | 16,656 | 24,573 | |
Amortization of deferred leasing costs | 1,675 | 938 | 1,357 | |
Loss on equity securities | 5,758 | 0 | 0 | |
Straight line rental income | (11,538) | (7,263) | (9,041) | |
Loss (gain) on early extinguishment of debt | 22,198 | 0 | (120) | |
Loss (gain) on sale of real estate | 10 | (12,054) | (23,996) | |
Other non-cash expenses | 3,249 | 2,328 | 2,331 | |
Distributions of earnings from unconsolidated joint venture | 5,282 | 2,640 | 0 | |
Equity in earnings of unconsolidated joint venture | (7,078) | (40,918) | (529) | |
Change in assets and liabilities: | ||||
Rents receivable | (19,596) | 54 | (2,907) | |
Deferred leasing costs | (9,599) | (4,694) | (2,443) | |
Due from related persons | 0 | 2,665 | (3,871) | |
Other assets | 12,267 | (3,434) | (1,068) | |
Accounts payable and other liabilities | 3,034 | 2,525 | 2,613 | |
Rents collected in advance | 7,878 | 583 | 279 | |
Security deposits | 1,385 | (3,443) | 12 | |
Due to related persons | 2,640 | (94) | (133) | |
Net cash provided by operating activities | 83,251 | 110,650 | 114,564 | |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
Real estate acquisitions | (3,589,389) | (134,730) | (115,813) | |
Real estate improvements | (17,732) | (4,911) | (5,857) | |
Proceeds from sale of marketable securities | 140,792 | 0 | 0 | |
Distributions in excess of earnings from unconsolidated joint venture | 20,460 | 0 | 0 | |
Proceeds from sale of properties to joint venture, net | 0 | 160,506 | 0 | |
Proceeds from sale of real estate | 0 | 1,206 | 10,578 | |
Proceeds from sale of joint venture | 0 | 804 | 106,283 | |
Distributions in excess of earnings from Affiliates Insurance Company | 0 | 0 | 287 | |
Net cash (used in) provided by investing activities | (3,445,869) | 22,875 | (4,522) | |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
Proceeds from issuance of mortgage notes payable | 3,335,000 | 0 | 0 | |
Repayment of mortgage notes payable | (18,070) | 0 | (48,750) | |
Proceeds from secured bridge loan facility | 1,385,158 | 0 | 0 | |
Repayment of secured bridge loan facility | (1,385,158) | 0 | 0 | |
Borrowings under revolving credit facility | 3,000 | 301,000 | 234,000 | |
Repayments of revolving credit facility | (185,000) | (340,000) | (323,000) | |
Payment of debt issuance costs | (211,996) | (804) | 0 | |
Proceeds from sale of interest rate cap | 7,740 | 0 | 0 | |
Distributions to common shareholders | (44,477) | (86,236) | (86,089) | |
Proceeds from noncontrolling interest, net | 589,411 | 0 | 107,942 | |
Repurchase of common shares | (242) | (922) | (382) | |
Distributions to noncontrolling interest | (1,365) | 0 | (5,479) | |
Net cash provided by (used in) financing activities | 3,474,001 | (126,962) | (121,758) | |
Increase (decrease) in cash, cash equivalents and restricted cash | 111,383 | 6,563 | (11,716) | |
Cash, cash equivalents and restricted cash at beginning of period | 29,397 | 22,834 | 34,550 | |
Cash, cash equivalents and restricted cash at end of period | 140,780 | 29,397 | 22,834 | |
SUPPLEMENTAL DISCLOSURES: | ||||
Interest paid | 178,842 | 33,278 | 50,433 | |
Income taxes paid | 228 | 485 | 209 | |
Interest capitalized | 180 | 0 | 0 | |
NON-CASH INVESTING ACTIVITIES: | ||||
Real estate, net | 0 | 0 | (631,879) | |
Mortgage notes, net | 0 | 0 | 403,160 | |
Real estate acquired by assumption of mortgage notes payable | 323,432 | 0 | 0 | |
Real estate improvements accrued not paid | 2,507 | 705 | 629 | |
NON-CASH FINANCING ACTIVITIES: | ||||
Assumption of mortgage notes payable | (323,432) | 0 | 0 | |
SUPPLEMENTAL DISCLOSURE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH: | ||||
Cash and cash equivalents | 48,261 | 29,397 | 22,834 | |
Restricted cash | [1] | 92,519 | 0 | 0 |
Total cash, cash equivalents and restricted cash shown in the statements of cash flows | $ 140,780 | $ 29,397 | $ 22,834 | |
[1]Restricted cash consists of amounts escrowed for capital expenditures at certain of our mortgaged properties and cash held for the operations of our consolidated joint venture in which we own a 61% equity interest. |
CONSOLIDATED STATEMENTS OF CA_2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) | Dec. 31, 2022 | Feb. 25, 2022 |
Mountain Industrial REIT LLC | Consolidated Entity, Excluding Consolidated VIE | ||
Ownership interest | 61% | 61% |
Organization
Organization | 12 Months Ended |
Dec. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization | Organization Industrial Logistics Properties Trust, or, collectively with its consolidated subsidiaries, we, us or our, is a real estate investment trust, or REIT, organized under Maryland law on September 15, 2017. As of December 31, 2022, our portfolio was comprised of 413 consolidated properties containing approximately 59,983,000 rentable square feet, including 226 buildings, leasable land parcels and easements containing approximately 16,729,000 rentable square feet (all square footage amounts included within this Annual Report on Form 10-K are unaudited) that were primarily industrial lands located on the island of Oahu, Hawaii, or our Hawaii Properties and 187 properties containing approximately 43,254,000 rentable square feet of industrial properties located in 38 other states, or our Mainland Properties, which included 94 properties owned by a consolidated joint venture in which we own a 61% equity interest. As of December 31, 2022, we also owned a 22% equity interest in an unconsolidated joint venture that owns 18 properties located in 12 states in the mainland United States containing approximately 11,726,000 rentable square feet. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies Basis of Presentation. These consolidated financial statements include the accounts of us and our subsidiaries. All intercompany transactions and balances with or among our consolidated subsidiaries have been eliminated. On February 25, 2022, we acquired Monmouth Real Estate Investment Corporation, or MNR, pursuant to the merger of MNR with and into one of our wholly owned subsidiaries, or the Merger, as further described below. In connection with the Merger, we entered into a new joint venture arrangement for 95 of the acquired MNR properties, including two then committed, but not yet then completed, property acquisitions, located in the mainland United States, in which we retained a 61% equity interest. Real Estate Properties. We record properties at cost. Our real estate investments in lands are not depreciated. We calculate depreciation on other real estate investments on a straight line basis over estimated useful lives generally ranging from seven We amortize capitalized above market lease values (included in acquired real estate leases in our consolidated balance sheets) and below market lease values (presented as assumed real estate lease obligations in our consolidated balance sheets) as a reduction or increase, respectively, to rental income over the terms of the associated leases. Such amortization resulted in increases in rental income of $4,544, $781 and $791 during the years ended December 31, 2022, 2021 and 2020, respectively. We amortize the value of acquired in place leases (included in acquired real estate leases in our consolidated balance sheets), exclusive of the value of above market and below market acquired in place leases, or lease origination value, over the terms of the associated leases. Such amortization, which is included in depreciation and amortization expense, totaled $53,113, $17,437 and $25,364 during the years ended December 31, 2022, 2021 and 2020, respectively. If a lease is terminated prior to its stated expiration, we write off the unamortized amounts relating to that lease. As of December 31, 2022 and 2021, our acquired real estate leases and assumed real estate lease obligations were as follows: December 31, 2022 2021 Acquired real estate leases: Capitalized above market lease values $ 31,313 $ 20,725 Less: accumulated amortization (15,598) (13,225) Capitalized above market lease values, net 15,715 7,500 Lease origination value 384,496 122,945 Less: accumulated amortization (102,766) (67,004) Lease origination value, net 281,730 55,941 Acquired real estate leases, net $ 297,445 $ 63,441 Assumed real estate lease obligations: Capitalized below market lease values $ 42,600 $ 33,674 Less: accumulated amortization (20,077) (21,239) Assumed real estate lease obligations, net $ 22,523 $ 12,435 As of December 31, 2022, the weighted average amortization periods for capitalized above market lease values, lease origination value and capitalized below market lease values were 9.4 years, 7.8 years, and 7.2 years, respectively. Future amortization of net intangible acquired real estate lease assets and liabilities to be recognized over the current terms of the associated leases as of December 31, 2022 are estimated to be $52,698 in 2023, $43,248 in 2024, $34,950 in 2025, $28,506 in 2026, $25,962 in 2027 and $89,558 thereafter. We recognize impairment losses on real estate investments when indicators of impairment are present and the estimated undiscounted cash flow from our real estate investments is less than the carrying amount of such real estate investments. Impairment indicators may include declining tenant occupancy, lack of progress releasing vacant space, tenant bankruptcies, low long term prospects for improvement in property performance, weak or declining tenant profitability, cash flow or liquidity, our decision to dispose of an asset before the end of its estimated useful life and legislative, market or industry changes that could permanently reduce the value of a property. We review our properties for impairment quarterly, or whenever events or changes in circumstances indicate that carrying amounts may not be recoverable. If indicators of impairment are present, we evaluate the carrying value of the related property by comparing it to the expected future undiscounted cash flows expected to be generated from that property. The future net undiscounted cash flows are subjective and are based in part on assumptions regarding hold periods, market rents and terminal capitalization rates. If the sum of these expected future undiscounted cash flows is less than the carrying value, we reduce the net carrying value of the property to its estimated fair value. The determination of undiscounted cash flow includes consideration of many factors including income to be earned from the investment, holding costs (exclusive of interest), estimated selling prices, and prevailing economic and market conditions. Certain of our industrial lands in Hawaii may require environmental remediation, especially if the use of those lands is changed; however, we do not have any present plans to change the use of those lands or to undertake this environmental cleanup. As of both December 31, 2022 and 2021, accrued environmental remediation costs of $6,940 were included in accounts payable and other liabilities in our consolidated balance sheets. These accrued environmental remediation costs relate to maintenance of our properties for current uses, and, because of the indeterminable timing of the remediation, these amounts have not been discounted to present value. In general, we do not have any insurance designated to limit any losses that we may incur as a result of known or unknown environmental conditions which are not caused by an insured event, such as, for example, fire or flood, although some of our tenants may maintain such insurance that may benefit us. Although we do not believe that there are environmental conditions at any of our properties that will have a material adverse effect on us, we cannot be sure that such conditions are not present at our properties or that costs we incur to remediate contamination will not have a material adverse effect on our business or financial condition. Charges for environmental remediation costs, if any, are included in other operating expenses in our consolidated statements of comprehensive income (loss). Capitalization Policy. Costs directly related to the development of properties are capitalized. We capitalize development costs, including interest, real estate taxes, insurance, and other project costs, incurred during the period of development. Determinations of when a development project commences and capitalization begins, and when a development project is substantially complete and held available for occupancy and capitalization must cease, involve judgments. We begin the capitalization of costs during the pre-construction period, which we consider to begin when activities that are necessary to the development of the property commence. We consider a development project as substantially completed and held available for occupancy upon the completion of tenant improvements, but no later than one year from cessation of major construction activity. Cash and Cash Equivalents. We consider highly liquid investments with original maturities of three months or less at the date of purchase to be cash equivalents. Restricted Cash. Restricted cash consists of amounts escrowed for future capital expenditures as required by certain of our mortgaged properties and cash held for the operations of our consolidated joint venture in which we own a 61% equity interest. Deferred Leasing Costs. Deferred leasing costs include capitalized brokerage costs and inducements associated with our entering leases. We amortize deferred leasing costs, which are included in depreciation and amortization expense, and inducements, which are included as a reduction to rental income, each on a straight line basis over the terms of the respective leases. Legal costs associated with the execution of our leases are expensed as incurred and included in general and administrative expenses in our consolidated statements of comprehensive income (loss). Deferred leasing costs totaled $22,371 and $12,918 at December 31, 2022 and 2021, respectively, and accumulated amortization of deferred leasing costs totaled $4,366 and $4,035 at December 31, 2022 and 2021, respectively. Future amortization of deferred leasing costs to be recognized during the current terms of our existing leases as of December 31, 2022, are estimated to be $2,199 in 2023, $2,156 in 2024, 1,926 in 2025, $1,786 in 2026, $1,723 in 2027 and $8,215 thereafter. Deferred leasing costs are included in other assets, net in our consolidated balance sheets. Debt Issuance Costs. Debt issuance costs include capitalized issuance costs related to borrowings, which are amortized to interest expense over the terms of the respective loans. As of December 31, 2021, we had debt issuance costs for our revolving credit facility, which we repaid and terminated in February 2022, totaling $6,711 and accumulated amortization of debt issuance costs of $5,907. Debt issuance costs for our revolving credit facility were included in other assets, net in our consolidated balance sheets. Debt issuance costs, net of accumulated amortization, for our mortgage notes payable are presented as a direct deduction from the associated debt liability in our consolidated balance sheets. As of December 31, 2022 and 2021, we had debt issuance costs, net of accumulated amortization, of $45,862 and $3,876, respectively, for certain of our mortgage notes payable. Future amortization of debt issuance costs to be recognized with respect to our mortgage notes payable as of December 31, 2022 are estimated to be $27,233 in 2023, $12,245 in 2024, $1,122 in 2025, $1,122 in 2026, $1,122 in 2027 and $3,019 thereafter. Derivative Instruments and Hedging Activities. We account for our derivative instruments at fair value. Accounting for changes in the fair value of a derivative instrument depends on the intended use of the derivative instrument and the designation of the derivative instrument. The change in fair value of the effective portion of the derivative instrument that is not designated as a hedge or that does not meet the hedge accounting criteria is recorded as a gain or loss to operations. Partially Owned Entities. We consolidate entities in which we have a controlling financial interest. In determining whether we have a controlling financial interest in a partially owned entity and the requirement to consolidate the accounts of that entity, we consider (i) whether the entity is a variable interest entity, or VIE, in which we are the primary beneficiary or (ii) whether the entity is a voting interest entity in which we have a majority of the voting interests of the entity. We are deemed to be the primary beneficiary of a VIE when we have (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses or receive benefits that could potentially be significant to the VIE. We generally do not control a partially owned entity if the approval of all of the partners/members is contractually required with respect to decisions that most significantly impact the performance of the partially owned entity. This includes decisions regarding operating/capital budgets, and the placement of new or additional financing secured by the assets of the venture, among others. We account for investments under the equity method when the requirements for consolidation are not met, and we have significant influence over the operations of the investee. Equity Method Investments. We own a 22% equity interest in an unconsolidated joint venture which owns 18 properties. The properties owned by the unconsolidated joint venture are encumbered by an aggr egate $503,980 o f mo rtgage debts. We do not control the activities that are most significant to this joint venture and, as a result, we account for our investment in this joint venture under the equity method of accounting under the fair value option. See Notes 3, 5, 6, 9, 10 and 11 for more information regarding our joint ventures. Revenue Recognition. We are a lessor of industrial and logistics properties. Our leases provide our tenants with the contractual right to use and economically benefit from all the physical space specified in their respective leases; therefore, we have determined to evaluate our leases as lease arrangements. Our leases provide for base rent payments and may also include variable payments. Rental income from operating leases, including any payments derived by index or market based indices, is recognized on a straight line basis over the lease term when we have determined that the collectability of substantially all the lease payments is probable. Some of our leases have options to extend or terminate the lease exercisable at the option of our tenants, which are considered when determining the lease term. Certain of our leases contain non-lease components, such as property level operating expenses and capital expenditures reimbursed by our tenants as well as other required lease payments. We have determined that all our leases qualify for the practical expedient to not separate the lease and non-lease components because (i) the lease components are operating leases and (ii) the timing and pattern of recognition of the non-lease components are the same as those of the lease components. We apply ASC 842, Leases , to the combined component. Income derived by our leases is recorded in rental income in our consolidated statements of comprehensive income (loss). Certain tenants are obligated to pay directly their obligations under their leases for insurance, real estate taxes and certain other expenses. These obligations, which have been assumed by the tenants under the terms of their respective leases, are not reflected in our consolidated financial statements. To the extent any tenant responsible for any such obligations under the applicable lease defaults on such lease or if it is deemed probable that the tenant will fail to pay for such obligations, we would record a liability for such obligations. Income Taxes. We have elected to be taxed as a REIT under the United States Internal Revenue Code of 1986, as amended, and, accordingly, we generally are not, and will not be, subject to federal income taxes provided we distribute our taxable income and meet certain organization and operating requirements to qualify for taxation as a REIT. We are, however, subject to certain state and local taxes. Use of Estimates. Preparation of these financial statements in conformity with U.S. generally accepted accounting principles, or GAAP, requires us to make estimates and assumptions that may affect the amounts reported in these consolidated financial statements and related notes. Right of Use Asset and Lease Liability. In connection with our acquisition of MNR, we assumed the lease for MNR’s former corporate headquarters, which expires on December 31, 2029, or the MNR lease, and three of the properties we acquired as part of the MNR acquisition were subject to ground leases under which we are the lessee. For leases under which we are the lessee, we are required to record a right of use asset and lease liability for all leases with a term greater than 12 months. As of December 31, 2022, the values of the right of use asset and related liability representing our future obligations under the lease arrangements under which we are the lessee were $5,084 and $5,149, respectively. The right of use asset and related lease liability are included in other assets other liabilities Generally, payments of ground lease obligations are made by our tenants. However, if a tenant does not perform obligations under a ground lease or does not renew any ground lease, we may have to perform obligations under, or renew, the ground lease in order to protect our investment in the affected property. Cumulative Other Comprehensive Income (Loss). Cumulative other comprehensive income (loss) represents our share of the cumulative comprehensive income and losses of our equity method investees. Net Income (Loss) Per Common Share. We calculate basic earnings per common share by dividing net income (loss) by the weighted average number of common shares outstanding during the period. We calculate diluted net income (loss) per share using the more dilutive of the two class method or the treasury stock method. Unvested share awards and other potentially dilutive common shares and the related impact on earnings are considered when calculating diluted earnings per share. Noncontrolling Interests. Noncontrolling interests represent the share of our consolidated joint venture owned by a third party. We recognize the noncontrolling holder’s share of the estimated fair value of the net assets at the date of formation or acquisition. Noncontrolling interests are subsequently adjusted for the noncontrolling holder’s share of additional contributions, distributions and their share of the net earnings or losses of our consolidated joint venture. We allocate net income (loss) to noncontrolling interests based on ownership interest during the period. The net income (loss) that is not attributable to us is reflected in the line item net loss attributable to noncontrolling interest. We do not recognize a gain or loss on transactions with the consolidated entity in which we do not own 100% of the equity and recognize the difference between the carrying amount of the noncontrolling interest and the consideration paid or received as additional paid-in-capital. Segment Reporting. We operate in one business segment: ownership and leasing of properties that include industrial and logistics buildings and leased industrial lands. |
Real Estate Investments
Real Estate Investments | 12 Months Ended |
Dec. 31, 2022 | |
Real Estate [Abstract] | |
Real Estate Investments | Real Estate Investments As of December 31, 2022, our portfolio was comprised of 413 consolidated properties containing approximately 59,983,000 rentable square feet, including our Hawaii Properties and our Mainland Properties, which included 94 properties owned by a consolidated joint venture in which we own a 61% equity interest. As of December 31, 2022, we also owned a 22% equity interest in an unconsolidated joint venture which owns 18 properties located in 12 states in the mainland United States totaling approximately 11,726,000 rentable square feet that were 100% leased. We incurred capital expenditures at certain of our properties of $30,331 and $10,211 during the years ended December 31, 2022 and 2021, respectively. During the year ended December 31, 2022, we committed $20,334 for expenditures related to tenant improvements and leasing costs for leases executed during the period for approximately 7,580,000 square feet. Committed, but unspent tenant related obligations based on existing leases as of December 31, 2022, were $25,547, of which $9,706 is expected to be spent during the next 12 months. 2022 Acquisitions: On February 25, 2022, we completed the acquisition of MNR pursuant to the Agreement and Plan of Merger, dated as of November 5, 2021 and as amended on February 7, 2022, or the Merger Agreement, by and among us, Maple Delaware Merger Sub LLC, a Delaware limited liability company and our wholly owned subsidiary, or Merger Sub, and MNR. At the effective time on February 25, 2022, or the Effective Time, MNR merged with and into Merger Sub, with Merger Sub continuing as the surviving entity, and the separate existence of MNR ceased. MNR’s portfolio included 124 Class A, single tenant, net leased, e-commerce focused industrial properties containing approximately 25,745,000 rentable square feet and two then committed, but not yet then completed, property acquisitions. The aggregate value of the consideration paid in the Merger was $3,739,048, including the assumption of $323,432 aggregate principal amount of former MNR mortgage debt, the repayment of $885,269 of MNR debt and the payment of certain transaction fees and expenses, net of MNR’s cash on hand, and excluding two then pending property acquisitions for an aggregate purchase price of $78,843, excluding acquisition related costs. Pursuant to the terms set forth in the Merger Agreement, at the Effective Time, each share of common stock, par value $0.01 per share, of MNR that was issued and outstanding immediately prior to the Effective Time was automatically converted into the right to receive $21.00 per share in cash, or the Common Stock Consideration, and each share of 6.125% Series C Cumulative Redeemable Preferred Stock, par value $0.01 per share, of MNR, that was issued and outstanding immediately prior to the Effective Time was automatically converted into the right to receive an amount in cash equal to $25.00 plus accumulated and unpaid dividends. At the Effective Time, each MNR stock option and restricted stock award outstanding immediately prior to the Effective Time, whether vested or unvested, became fully vested and converted into the right to receive, in the case of stock options, the difference between the Common Stock Consideration and the exercise price and, in the case of restricted stock awards, the Common Stock Consideration. Any out-of-money stock options were canceled for no consideration. Immediately following the closing of the Merger, we entered into a joint venture arrangement with an institutional investor for 95 MNR properties in 27 states, including two then committed, but not yet then completed, property acquisitions. The investor acquired a 39% equity interest in the joint venture from us for $589,411, as of the completion of this transaction, and we retained the remaining 61% equity interest in the joint venture. In connection with the transaction, the joint venture assumed $323,432 aggregate principal amount of former MNR mortgage debt secured by 11 properties and entered into a $1,400,000 interest only floating rate CMBS loan secured by 82 properties, or the Floating Rate Loan. The Floating Rate Loan matures in March 2024, subject to three one year extension options, and requires that interest be paid at an annual rate based on the secured overnight financing rate, or SOFR, plus a premium of 2.77%. See Notes 5, 6, 10 and 11 for more information regarding this joint venture and related loans. In connection with the closing of the Merger, we entered into a $1,385,158 interest only bridge loan facility secured by 109 of our properties, or the Bridge Loan. We also entered into a $700,000 interest only fixed rate CMBS loan secured by 17 of our properties, or the Fixed Rate Loan. The Bridge Loan was scheduled to mature in February 2023 and required that interest be paid at an annual rate of SOFR plus a weighted average premium of 2.92%. We repaid the Bridge Loan in full on September 22, 2022. The Fixed Rate Loan matures in March 2032 and requires that interest be paid at a weighted average annual interest rate of 4.42%. The Floating Rate Loan, the Bridge Loan and the Fixed Rate Loan are collectively referred to as the Loans. See Note 5 for more information regarding the Loans. We used the proceeds from our sale of the equity interest in our joint venture in which we retained a 61% equity interest to partially fund our acquisition of MNR. We funded our equity interest in that joint venture and the balance of the acquisition of MNR with proceeds from the Bridge Loan and the Fixed Rate Loan. In connection with the Merger and the Loans, we repaid the outstanding principal balance under our $750,000 unsecured revolving credit facility and then terminated the agreement governing the facility, which was scheduled to expire in June 2022, in accordance with its terms and without penalty. We accounted for the Merger as an acquisition of assets. The following table summarizes the purchase price allocation for the Merger: Land $ 430,818 Buildings 3,035,309 Acquired real estate leases (1) 294,576 Cash 8,814 Other assets, net 14,194 Securities available for sale (2) 146,550 Total assets 3,930,261 Mortgage notes payable, at fair value (323,432) Accounts payable and other liabilities (25,327) Assumed real estate lease obligations (17,829) Equity attributable to noncontrolling interest on the joint venture (3,827) Net assets acquired 3,559,846 Assumed working capital (144,230) Assumed mortgage notes payable, principal 323,432 Purchase price $ 3,739,048 (1) As of the date of acquisition, the weighted average amortization periods for the above market lease values, lease origination value and capitalized below market lease values were 11.1 years, 8.5 years and 7.8 years, respectively. (2) As part of the Merger, we acquired a portfolio of marketable securities and classified them as available for sale. During the year ended December 31, 2022, we sold all of these securities with a cost of $146,550 for net proceeds of $140,792, resulting in a $5,758 realized loss on sale of equity securities for the year ended December 31, 2022. In July 2022, our consolidated joint venture acquired a property located in Augusta, Georgia containing 226,000 rentable square feet for a purchase price of approximately $38,053, including acquisition related costs of $53. This property is 100% leased to a single tenant with a remaining lease term of approximately 14.9 years at the time of acquisition. We allocated the purchase price for this acquisition based on the estimated fair value of the acquired assets as follows: Purchase Buildings and Acquired Real Estate Price Land Improvements Leases $ 38,053 $ 3,818 $ 30,780 $ 3,455 This property was one of two committed MNR property acquisitions at the time of the Merger and was acquired directly by our consolidated joint venture. In September 2022, our consolidated joint venture terminated the agreement for the other committed MNR property acquisition. 2021 Acquisitions: During the year ended December 31, 2021, we acquired four industrial properties and one parcel of developable land containing 1,644,508 rentable square feet for an aggregate purchase price of $134,730, including acquisition related costs of $1,030. These acquisitions were accounted for as acquisitions of assets. We allocated the purchase prices for these acquisitions based on the estimated fair value of the acquired assets and assumed liabilities as follows: Number Rentable Buildings Acquired Acquired of Square Purchase and Real Estate Real Estate Date Market Area Properties Feet Price Land Improvements Leases Lease Obligations May 2021 Dallas, TX 1 — $ 2,319 $ 2,319 $ — $ — $ — June 2021 Columbus, OH 1 357,504 31,762 1,491 27,407 2,864 — August 2021 Memphis, TN 3 1,287,004 100,649 5,922 87,600 7,192 (65) 5 1,644,508 $ 134,730 $ 9,732 $ 115,007 $ 10,056 $ (65) 2020 Acquisitions: During the year ended December 31, 2020, we acquired two industrial properties containing a combined 1,465,846 rentable square feet for an aggregate purchase price of $115,813, including acquisition related costs of $332. These acquisitions were accounted for as acquisitions of assets. We allocated the purchase prices for these acquisitions based on the estimated fair value of the acquired assets and assumed liabilities as follows: Number Rentable Buildings Acquired of Square Purchase and Real Estate Date Market Area Properties Feet Price Land Improvements Leases February 2020 Phoenix, AZ 1 820,384 $ 71,628 $ 11,214 $ 54,676 $ 5,738 December 2020 Kansas City, KS 1 645,462 44,185 5,740 32,701 5,744 2 1,465,846 $ 115,813 $ 16,954 $ 87,377 $ 11,482 2021 Disposition: As a result of an eminent domain taking in September 2021, we sold a portion of a land parcel located in Rock Hill, South Carolina for $1,400, excluding closing costs, resulting in a net gain on sale of real estate of $940. 2020 Disposition: During the year ended December 31, 2020, we sold one property located in Virginia containing approximately 308,000 rentable square feet for a sales price of $10,775, excluding closing costs. The sale of this property, as presented in the table below, did not represent a significant disposition or a strategic shift. As a result, the results of operations of this property was included in continuing operations through the date of sale in our consolidated statements of comprehensive income (loss). Number of Square Gross Gain on Sale of Date of Sale Properties Location Feet Sale Price (1) Real Estate December 2020 1 Winchester, VA 308,217 $ 10,775 $ 581 (1) Gross sale price is the gross contract price, adjusted for purchase price adjustments, if any, and excluding closing costs. Joint Venture Activities: As of December 31, 2022, we had equity investments in our joint ventures that consist of the following: ILPT Carrying Value ILPT of Investment Number of Square Joint Venture Presentation Ownership at December 31, 2022 Properties Location Feet Mountain Industrial REIT LLC Consolidated 61% N/A 94 Various 20,980,664 The Industrial Fund REIT LLC Unconsolidated 22% $ 124,358 18 Various 11,726,137 Consolidated Joint Venture - Mountain Industrial REIT LLC: As noted above, we entered into a joint venture arrangement immediately following the closing of the Merger and we control this joint venture and therefore account for the properties owned by this joint venture on a consolidated basis in our consolidated financial statements. We recognized a 39% noncontrolling interest in our consolidated financial statements for the year ended December 31, 2022. The portion of this joint venture's net loss not attributable to us, or $60,067, for the year ended December 31, 2022, is reported as noncontrolling interest in our consolidated statements of comprehensive income (loss). During the year ended December 31, 2022, this joint venture made aggregate cash distributions of $1,365 to the other joint venture investor, which is reflected as a decrease in total equity attributable to noncontrolling interest in our consolidated balance sheets. As of December 31, 2022, this joint venture had total assets of $3,100,448 and total liabilities of $1,725,397. Consolidated Tenancy in Common: An unrelated third party owns an approximate 33% tenancy in common interest in one of the properties we acquired as part of the MNR acquisition located in Somerset, New Jersey, and we own the remaining 67% tenancy in common interest in this property. The portion of this property’s net loss not attributable to us, or $51, for the year ended December 31, 2022, is reported as noncontrolling interest in our consolidated statements of comprehensive income (loss). Unconsolidated Joint Venture - The Industrial Fund REIT LLC: As of December 31, 2022 and 2021, we also owned a 22% equity interest in an unconsolidated joint venture with 18 properties in 12 states. We account for the unconsolidated joint venture under the equity method of accounting under the fair value option. We recorded a change in the fair value of our investment in the unconsolidated joint venture of $7,078 and $40,918 for the years ended December 31, 2022 and 2021, respectively, as equity in earnings of unconsolidated joint venture in our consolidated statements of comprehensive income (loss). In addition, the unconsolidated joint venture made aggregate cash distributions to us of $25,742 and $2,640 during the year ended December 31, 2022 and 2021, respectively. Until November 2020, we owned a majority equity interest in our current unconsolidated joint venture and we consolidated that joint venture until November 2020, when we sold an additional 39% equity interest in that joint venture and reduced our equity interest to 22%. The portion of that joint venture's net loss not attributable to us, or $866 for the year ended December 31, 2020, is reported as noncontrolling interest in our consolidated statements of comprehensive income (loss). During the year ended December 31, 2020, the joint venture made aggregate cash distributions of $14,049, including $5,479 to the other joint venture investor, which was reflected as a decrease in total equity attributable to noncontrolling interest and $8,570 to us. We determined that, while we owned a 61% equity interest in this joint venture, this joint venture was a VIE as defined under the Consolidation Topic of the FASB ASC. We concluded that we must consolidate this VIE, and we did so, until we sold an additional 39% equity interest in the joint venture in November 2020. We reached this determination because we were the entity with the power to direct the activities that most significantly impacted the VIE's economic performance and we had the obligation to absorb losses of, and the right to receive benefits from, the VIE that could be significant to the VIE, and therefore were the primary beneficiary of the VIE. The joint venture investor's interest in this consolidated entity was reflected as noncontrolling interest in our consolidated financial statements. |
Leases
Leases | 12 Months Ended |
Dec. 31, 2022 | |
Leases [Abstract] | |
Leases | Leases Rental income from operating leases, including payments derived by index or market-based indices, is recognized on a straight line basis over the lease term when we have determined that the collectability of substantially all of the lease payments is probable. We increased rental income by $11,538, $7,263 and $9,041 to record revenue on a straight line basis during the years ended December 31, 2022, 2021 and 2020, respectively. We do not include in our measurement of our lease receivables certain variable payments, including payments determined by changes in the index or market-based indices after the inception of the lease, certain tenant reimbursements and other income until the specific events that trigger the variable payments have occurred. Such payments totaled $63,168, $38,732 and $45,858 for the years ended December 31, 2022, 2021 and 2020, respectively. The following operating lease maturity analysis presents the future contractual lease payments to be received by us through 2064 as of December 31, 2022: Year Amount 2023 $ 342,082 2024 329,996 2025 307,225 2026 287,847 2027 266,822 Thereafter 1,833,081 $ 3,367,053 Tenant Concentration Subsidiaries of FedEx Corporation, or FedEx, accounted for 28.0% of our rental income as of December 31, 2022. FedEx accounted for $108,704, $10,894 and $10,752 of our rental income for the years ended December 31, 2022, 2021 and 2020, respectively. In addition, subsidiaries of Amazon.com, Inc. accounted for 7.1% of our rental income as of December 31, 2022. Amazon.com, Inc. accounted for $27,382, $21,440 and $38,241 of our rental income for the years ended December 31, 2022, 2021 and 2020, respectively. Geographic Concentration |
Indebtedness
Indebtedness | 12 Months Ended |
Dec. 31, 2022 | |
Debt Disclosure [Abstract] | |
Indebtedness | Indebtedness As of December 31, 2022 and 2021, our outstanding indebtedness consisted of the following: Net Book Value Principal Balance as of of Collateral December 31, December 31, Interest At December 31, Entity Type Secured By: 2022 (1) 2021 (1) Rate Maturity 2022 ILPT Revolving credit facility (2) Unsecured $ — $ 182,000 N/A N/A $ — ILPT Floating Rate - Interest only (3) 104 Properties 1,235,000 — 6.18% 10/09/24 1,071,815 ILPT Fixed Rate - Interest only 186 Properties 650,000 650,000 4.31% 02/07/29 490,416 ILPT Fixed Rate - Interest only 17 Properties 700,000 — 4.42% 03/09/32 518,806 Mountain JV (4) Floating Rate - Interest only (5) 82 Properties 1,400,000 — 6.17% 03/09/24 1,909,185 Mountain JV (4) Fixed Rate - Amortizing One Property 13,556 — 3.76% 10/01/28 63,314 Mountain JV (4) Fixed Rate - Amortizing One Property 4,865 — 3.77% 04/01/30 39,724 Mountain JV (4) Fixed Rate - Amortizing One Property 5,145 — 3.85% 04/01/30 39,724 Mountain JV (4) Fixed Rate - Amortizing One Property 14,392 — 3.56% 09/01/30 50,825 Mountain JV (4) Fixed Rate - Amortizing One Property 12,691 — 3.67% 05/01/31 30,800 Mountain JV (4) Fixed Rate - Amortizing One Property 14,144 — 4.14% 07/01/32 44,777 Mountain JV (4) Fixed Rate - Amortizing One Property 30,949 — 4.02% 10/01/33 87,143 Mountain JV (4) Fixed Rate - Amortizing One Property 43,219 — 4.13% 11/01/33 131,539 Mountain JV (4) Fixed Rate - Amortizing One Property 26,175 — 3.10% 06/01/35 47,718 Mountain JV (4) Fixed Rate - Amortizing One Property 42,087 — 2.95% 01/01/36 101,896 Mountain JV (4) Fixed Rate - Amortizing One Property 46,109 — 4.27% 11/01/37 113,063 Mountain JV (4) Fixed Rate - Amortizing One Property 52,031 — 3.25% 01/01/38 116,607 Total indebtedness 4,290,363 832,000 $ 4,857,352 Unamortized debt issuance costs (45,862) (3,876) Total indebtedness, net $ 4,244,501 $ 828,124 (1) The principal balances are the amounts stated in contracts. In accordance with GAAP, our carrying values and recorded interest expense may be different because of market conditions at the time we assumed certain of these debts. (2) In February 2022, we repaid the outstanding principal balance under our $750,000 unsecured revolving credit facility and then terminated the agreement governing the facility in accordance with its terms and without penalty. (3) This loan matures in October 2024, subject to three, one year extension options, and requires that interest be paid at an annual rate of SOFR plus a weighted average premium of 3.93%. We also purchased an interest rate cap through October 2024 with a SOFR strike rate equal to 2.25%. (4) Mountain JV is Mountain Industrial REIT LLC, our consolidated joint venture, in which we own a 61% equity interest . For more information regarding this joint venture, see Notes 2, 3, 6, 9, 10 and 11. (5) This loan matures in March 2024, subject to three, one year extension options, and requires that interest be paid at an annual rate of SOFR plus a premium of 2.77%. We also purchased an interest rate cap through March 2024 with a SOFR strike rate equal to 3.40%. The following table provides a summary of the mortgage debts of the unconsolidated joint venture: Principal Balance Interest at December 31, Joint Venture (Unconsolidated) Rate Maturity Date 2022 (1) Mortgage notes payable (secured by one property in Florida) 3.60% (2) 10/1/2023 $ 56,980 Mortgage notes payable (secured by 11 other properties in eight states) 3.33% (2) 11/7/2029 350,000 Mortgage notes payable (secured by 5 properties in four states) 5.30% 10/1/2027 97,000 Weighted average/total 3.74% (2) $ 503,980 (1) Amounts are not adjusted for our minority interest; none of the debt is recourse to us. (2) Includes the effect of mark to market purchase accounting. As of December 31, 2021, we had a $750,000 unsecured revolving credit facility that was available for our general business purposes, including acquisitions. The maturity date of this revolving credit facility was June 29, 2022 and we had an option to extend the maturity date for one, six month period, subject to payment of extension fees and satisfaction of other conditions. As of December 31, 2021, the annual interest rate payable on borrowings under this revolving credit facility was 1.41%. The weighted average annual interest rate for borrowings under this revolving credit facility was 1.41%, for the period from January 1, 2022 to February 25, 2022, and 1.44% and 2.36% for the years ended December 31, 2021 and 2020, respectively. In connection with the closing of the Merger, we entered into the Loans, and repaid the outstanding principal balance under this revolving credit facility and then terminated the agreement governing the facility in accordance with its terms and without penalty. During the year ended December 31, 2022, we recorded a $828 loss on early extinguishment of debt to write off unamortized costs related to this facility. On February 25, 2022, subsidiaries of our consolidated joint venture entered into a loan agreement with a group of institutional lenders, or the Floating Rate Lenders, pursuant to which this joint venture obtained the Floating Rate Loan. Also on February 25, 2022, our consolidated joint venture entered into a guaranty in favor of the Floating Rate Lenders, pursuant to which this joint venture guaranteed certain limited recourse obligations of its subsidiaries with respect to the Floating Rate Loan. The Floating Rate Loan matures in March 2024, subject to three, one year extension options, and requires that interest be paid at an annual rate of SOFR plus a premium of 2.25%. Effective in March 2022, the Floating Rate Lenders exercised their option to increase the premium in connection with the securitization of the Floating Rate Loan, resulting in an increase of 51.5 basis points in the premium. We also purchased an interest rate cap through March 2024 with a SOFR strike rate equal to 3.40%. The weighted average annual interest rate payable under the Floating Rate Loan was 6.17% as of both December 31, 2022 and February 9, 2023, and was 6.10% for the period from February 25, 2022 to December 31, 2022. Also on February 25, 2022, certain of our subsidiaries entered into a loan agreement with a group of institutional lenders, or the Bridge Lenders, and a mezzanine loan agreement with an institutional lender, or the Bridge Mezz Lender, together pursuant to which we obtained the Bridge Loan. Also on February 25, 2022, we entered into a guaranty in favor of the Bridge Lenders and the Bridge Mezz Lender, pursuant to which we guaranteed certain limited recourse obligations of its subsidiaries with respect to the Bridge Loan. The Bridge Loan was scheduled to mature in February 2023 and required that interest only be paid at an annual rate of SOFR plus a premium of 1.75% under the loan agreement and a premium of 8.0% under the mezzanine loan agreement. We also purchased an interest rate cap with a SOFR strike rate equal to 2.70%. We repaid the Bridge Loan in full on September 22, 2022 with cash on hand and proceeds from our $1,235,000 floating rate loan, which is further described below. During the year ended December 31, 2022, we recorded a $21,370 loss on early extinguishment of debt to write off unamortized costs related to the Bridge Loan and related interest rate cap. The weighted average annual interest rate payable under the Bridge Loan was 4.24% for the period from February 25, 2022 to September 22, 2022. Also on February 25, 2022, certain of our subsidiaries entered into a loan agreement with a group of institutional lenders, or the Fixed Rate Lenders, and mezzanine loan agreements with a separate group of institutional lenders, or the Fixed Mezz Lenders, pursuant to which we obtained the Fixed Rate Loan. Also on February 25, 2022, we entered into a guaranty in favor of the Fixed Rate Lenders and the Fixed Mezz Lenders, pursuant to which we guaranteed certain limited recourse obligations of our subsidiaries with respect to the Fixed Rate Loan. The interest only Fixed Rate Loan matures in March 2032 and requires that interest be paid at a weighted average annual fixed rate of 4.42%. We used the aggregate net proceeds from the Loans to partially fund the acquisition of MNR. Principal payments on the Floating Rate Loan and Fixed Rate Loan are not required prior to the end of their respective initial terms, subject to certain conditions set forth in the applicable loan agreement. Subject to the satisfaction of certain conditions, we have the option under the applicable loan agreement: (1) to prepay up to $280,000 of the Floating Rate Loan after March 2023, at par with no premium, and to prepay the balance of the Floating Rate Loan at any time, subject to a premium; and (2) to prepay the Fixed Rate Loan in full or part at any time, subject to a premium, and beginning in September 2031, without a premium. On September 22, 2022, certain of our subsidiaries entered into a loan agreement with a group of institutional lenders, or the ILPT Floating Rate Lenders, and a mezzanine loan agreement with a separate group of institutional lenders, or the ILPT Floating Rate Mezz Lenders, pursuant to which we obtained the ILPT Floating Rate Loan, secured by 104 of our properties. The ILPT Floating Rate Loan is comprised of a $1,100,000 mortgage loan and a $135,000 mezzanine loan. Also, on September 22, 2022, we entered into a guaranty in favor of the ILPT Floating Rate Lenders and the ILPT Floating Rate Mezz Lenders, pursuant to which we guaranteed certain limited recourse obligations of our subsidiaries with respect to the ILPT Floating Rate Loan. The interest only ILPT Floating Rate Loan matures on October 9, 2024, subject to three, one year extension options, and requires that interest be paid at an annual rate of SOFR, which is capped at an annual rate of 2.25% for the initial term of the ILPT Floating Rate Loan, plus a weighted average premium of 3.93%. Subject to the satisfaction of certain conditions, we have the option: (1) to prepay up to $247,000 of the ILPT Floating Rate Loan at par with no premium; and (2) to prepay the balance of the ILPT Floating Rate Loan in full or in part at any time, subject to a premium, and beginning in October 2023, without a premium. The weighted average interest rate payable under the ILPT Floating Rate Loan was 6.18% as of both December 31, 2022 and February 9, 2023 and for the period from September 22, 2022 to December 31, 2022. The agreements governing the Floating Rate Loan, Fixed Rate Loan and the ILPT Floating Rate Loan contain customary covenants and provide for acceleration of payment of all amounts due thereunder upon the occurrence and continuation of certain events of default. In May 2020, we prepaid, at par plus accrued interest, a mortgage note secured by one of our properties with an outstanding principal balance of approximately $48,750, an annual interest rate of 3.48% and a maturity date in November 2020. As a result of the prepayment of this mortgage note, we recorded a gain on early extinguishment of debt of $120 for the year ended December 31, 2020 to write off unamortized premiums. The required principal payments due during the next five years and thereafter under all our outstanding debt as of December 31, 2022 are as follows: Principal Year Payment 2023 $ 22,428 2024 2,658,268 2025 24,141 2026 25,047 2027 25,988 Thereafter 1,534,491 $ 4,290,363 (1) (1) Total debt outstanding as of December 31, 2022, including unamortized debt issuance costs of $45,862, was $4,244,501. |
Fair Value of Assets and Liabil
Fair Value of Assets and Liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Assets and Liabilities | Fair Value of Assets and Liabilities Our financial instruments include cash and cash equivalents, restricted cash, rents receivable, the Floating Rate Loan, the ILPT Floating Rate Loan, the Fixed Rate Loan, mortgage notes payable, accounts payable, rents collected in advance, interest rate caps, security deposits and amounts due from or to related persons. At December 31, 2022 and 2021, the fair value of our financial instruments approximated their carrying values in our consolidated financial statements, due to their short term nature or floating interest rates, except as follows: At December 31, 2022 At December 31, 2021 Carrying Estimated Carrying Estimated Value (1) Fair Value Value (1) Fair Value Fixed rate loan, 3.76% interest rate, due in 2028 $ 13,556 $ 12,784 $ — $ — Fixed rate loan, 4.31% interest rate, due in 2029 646,669 592,295 646,124 709,198 Fixed rate loan, 3.77% interest rate, due in 2030 4,865 4,553 — — Fixed rate loan, 3.85% interest rate, due in 2030 5,145 4,829 — — Fixed rate loan, 3.56% interest rate, due in 2030 14,392 13,315 — — Fixed rate loan, 3.67% interest rate, due in 2031 12,691 11,713 — — Fixed rate loan, 4.42% interest rate, due in 2032 694,704 623,133 — — Fixed rate loan, 4.14% interest rate, due in 2032 14,144 13,182 — — Fixed rate loan, 4.02% interest rate, due in 2033 30,949 28,195 — — Fixed rate loan, 4.13% interest rate, due in 2033 43,219 39,573 — — Fixed rate loan, 3.10% interest rate, due in 2035 26,175 22,373 — — Fixed rate loan, 2.95% interest rate, due in 2036 42,087 35,444 — — Fixed rate loan, 4.27% interest rate, due in 2037 46,109 41,880 — — Fixed rate loan, 3.25% interest rate, due in 2038 52,031 43,878 — — $ 1,646,736 $ 1,487,147 $ 646,124 $ 709,198 (1) Includes unamortized debt issuance costs, premiums and discounts of $8,627 and $3,876 as of December 31, 2022 and 2021, respectively. We estimate the fair value of our mortgage notes payable using discounted cash flow analyses and current prevailing market rates as of the measurement date (Level 3 inputs). As Level 3 inputs are unobservable, our estimated fair value may differ materially from the actual fair value. The table below presents certain of our assets measured on a recurring and non-recurring basis at fair value at December 31, 2022 and 2021, categorized by the level of inputs as defined in the fair value hierarchy under GAAP, used in the valuation of each asset: Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) At December 31, 2022 Recurring fair value measurements Investment in unconsolidated joint venture (1) $ 124,358 $ — $ — $ 124,358 Interest rate cap derivatives (2) $ 73,133 $ — $ 73,133 $ — Non-recurring fair value measurements Real estate properties (3) $ 555,123 $ — $ — $ 555,123 At December 31, 2021 Recurring fair value measurements Investment in unconsolidated joint venture (1) $ 143,021 $ — $ — $ 143,021 (1) We own a 22% equity interest in a joint venture that owns 18 properties and is included in investment in unconsolidated joint venture in our consolidated balance sheet, and is reported at fair value, which is based on significant unobservable inputs (Level 3 inputs). The significant unobservable inputs used in the fair value are discount rates of between 5.25% and 7.00%, exit capitalization rates of between 4.75% and 6.00%, direct capitalization rates of between 5.25% and 7.00%, holding periods of approximately 10 years and market rents. Our assumptions are based on the location, type and nature of each property, and current and anticipated market conditions, which are derived from appraisers, industry publications and our experience. See Notes 2, 3, 5, 9, 10 and 11 for more information regarding our joint ventures. (2) Our derivative assets are carried at fair value as required by GAAP. The estimated fair values of the derivative assets are based on current market prices in secondary markets for similar derivative contracts, (Level 2 inputs). See Notes 5 and 11 for more information regarding our derivatives and hedging activities. (3) We recorded a loss on impairment of real estate of $100,747 to reduce the carrying value of 25 properties in our consolidated balance sheet to their estimated fair value, based on third party offers (Level 3 inputs as defined in the fair value hierarchy under GAAP), due to a change in plans to sell and the reclassification of those properties from held for sale to held and used. See Notes 2 and 3 for more information regarding our investing and financing activities, including our acquisition of MNR. |
Shareholders' Equity
Shareholders' Equity | 12 Months Ended |
Dec. 31, 2022 | |
Share-Based Payment Arrangement [Abstract] | |
Shareholders' Equity | Shareholders’ Equity Common Share Awards: We have common shares available for issuance under the terms of our 2018 Equity Compensation Plan, or the 2018 Plan. During the years ended December 31, 2022, 2021 and 2020, we awarded to our officers and other employees of The RMR Group LLC, or RMR, annual share awards of 173,300, 118,800 and 108,600 of our common shares, respectively, valued at $1,184, $3,086 and $2,460, in aggregate, respectively. In accordance with our Trustee compensation arrangements, we awarded each of our then Trustees 3,500 of our common shares with an aggregate value of $369 ($53 per Trustee), 3,500 of our common shares with an aggregate value of $538 ($90 per Trustee) and 3,500 of our common shares with an aggregate value of $460 ($66 per Trustee) during the years ended December 31, 2022, 2021 and 2020, respectively, as part of their annual compensation. Also in 2020, in connection with the election of two of our then Trustees, we awarded 3,000 of our common shares to each such Trustee with an aggregate value of $141 ($71 per Trustee) as part of their annual compensation. The values of the share awards were based upon the closing price of our common shares trading on The Nasdaq Stock Market LLC, or Nasdaq, on the dates of awards. The common shares awarded to our Trustees vested immediately. The common shares awarded to our officers and certain other employees of RMR vest in five equal annual installments beginning on the date of award. We recognize share forfeitures as they occur. We include the value of awarded shares in general and administrative expenses ratably over the vesting period. A summary of shares awarded, vested and forfeited under the terms of the 2018 Plan for the years ended December 31, 2022, 2021 and 2020 is as follows: Year Ended December 31, 2022 December 31, 2021 December 31, 2020 Weighted Weighted Weighted Average Average Average Number Grant Date Number Grant Date Number Grant Date of Shares Fair Value of Shares Fair Value of Shares Fair Value Unvested at beginning of year 192,380 $ 24.15 162,200 $ 22.37 108,200 $ 22.08 Granted 197,800 7.85 139,800 25.93 139,100 22.01 Vested (127,480) 17.44 (108,920) 23.78 (84,520) 21.41 Forfeited (1,900) 24.55 (700) 22.24 (580) 22.20 Unvested at end of year 260,800 $ 15.07 192,380 $ 24.15 162,200 $ 22.37 The 260,800 unvested shares as of December 31, 2022 are scheduled to vest as follows: 93,780 shares in 2023, 75,240 shares in 2024, 57,120 shares in 2025 and 34,660 in 2026. As of December 31, 2022, the estimated future compensation expense for the unvested shares was approximately $3,400. The weighted average period over which the compensation expense will be recorded is approximately 23 months. During the years ended December 31, 2022, 2021 and 2020, we recorded $2,221, $2,329 and $2,331 respectively, of compensation expense related to the 2018 Plan. At December 31, 2022, 3,431,855 common shares remain available for issuance under the 2018 Plan. Common Share Purchases: During the years ended December 31, 2022, 2021 and 2020, we purchased an aggregate of 32,347, 35,596 and 18,060 of our common shares, respectively, at weighted average prices of $7.50, $25.91 and $21.16 per common share, respectively, from certain of our Trustees and certain current and former officers and employees of RMR in satisfaction of tax withholding and payment obligations in connection with the vesting of awards of our common shares. Distributions: During the years ended December 31, 2022, 2021 and 2020, we paid distributions on our common shares as follows: Annual Per Characterization of Distribution Share Total Return of Ordinary Capital Year Distribution Distribution Capital Income Gain 2022 $ 0.68 $44,477 89.7 % 9.6 % 0.7 % 2021 $ 1.32 $86,236 — % 93.2 % 6.8 % 2020 $ 1.32 $86,089 — % 71.0 % 29.0 % On January 12, 2023, we declared a regular quarterly distribution of $0.01 per common share, or approximately $656, to our common shareholders of record on January 23, 2023. We expect to pay this distribution to our shareholders on or about February 16, 2023. |
Per Common Shares Amounts
Per Common Shares Amounts | 12 Months Ended |
Dec. 31, 2022 | |
Weighted Average Number of Shares Outstanding Reconciliation [Abstract] | |
Per Common Shares Amounts | Per Common Share Amounts We calculate basic earnings per common share by dividing net income (loss) attributable to common shareholders by the weighted average number of our common shares outstanding during the period. We calculate diluted earnings per share using the more dilutive of the two class method or the treasury stock method. Unvested common share awards, and the related impact on earnings, are considered when calculating diluted earnings per share. The calculation of basic and diluted earnings per share is as follows: Year Ended December 31, 2022 2021 2020 Numerators: Net (loss) income attributable to common shareholders $ (226,723) $ 119,682 $ 82,071 Loss attributable to unvested participating securities (131) (307) (154) Net (loss) income attributable to common shareholders used in calculating earnings per share $ (226,854) $ 119,375 $ 81,917 Denominators: Weighted average common shares for basic earnings per share 65,248 65,169 65,104 Effect of dilutive securities: unvested share awards — 42 10 Weighted average common shares for diluted earnings per share 65,248 65,211 65,114 Net (loss) income attributable to common shareholders per common share - basic and diluted $ (3.47) $ 1.83 $ 1.26 |
Business and Property Managemen
Business and Property Management Agreements with RMR | 12 Months Ended |
Dec. 31, 2022 | |
Related Party Transactions [Abstract] | |
Business and Property Management Agreements with RMR | Business and Property Management Agreements with RMR We have no employees. The personnel and various services we require to operate our business are provided to us by RMR. We have two agreements with RMR to provide management services to us: (1) a business management agreement, which relates to our business generally; and (2) a property management agreement, which relates to our property level operations. Management Agreements with RMR. Our management agreements with RMR provide for an annual base management fee, an annual incentive management fee and property management and construction supervision fees, payable in cash, among other terms: • Base Management Fee . The annual base management fee payable to RMR by us for each applicable period is equal to the lesser of: ◦ the sum of (i) 0.5% of the average aggregate historical cost of the real estate assets acquired from a REIT to which RMR provided business management or property management services, or the Transferred Assets, plus (ii) 0.7% of the average aggregate historical cost of our real estate investments excluding the Transferred Assets up to $250,000, plus (iii) 0.5% of the average aggregate historical cost of our real estate investments excluding the Transferred Assets exceeding $250,000; and ◦ the sum of (i) 0.7% of the average closing price per share of our common shares on the stock exchange on which such shares are principally traded during such period, multiplied by the average number of our common shares outstanding during such period, plus the daily weighted average of the aggregate liquidation preference of each class of our preferred shares outstanding during such period, plus the daily weighted average of the aggregate principal amount of our consolidated indebtedness during such period, or, together, our Average Market Capitalization, up to $250,000, plus (ii) 0.5% of our Average Market Capitalization exceeding $250,000. The average aggregate historical cost of our real estate investments includes our consolidated assets invested, directly or indirectly, in equity interests in or loans secured by real estate and personal property owned in connection with such real estate (including acquisition related costs and costs which may be allocated to intangibles or are unallocated), all before reserves for depreciation, amortization, impairment charges or bad debts or other similar non-cash reserves. • Incentive Management Fee . The incentive management fee which may be earned by RMR for an annual period is calculated as follows: ◦ An amount, subject to a cap, based on the value of our common shares outstanding, equal to 12.0% of the product of: – if the relevant measurement period ends on or before December 31, 2020, $1,560,000 (our unadjusted equity market capitalization as calculated at our initial public offering, or our IPO) or, if the relevant measurement period ends thereafter, our equity market capitalization on the last trading day of the calendar year immediately prior to the relevant measurement period, and – the amount (expressed as a percentage) by which the total return per share, as defined in the business management agreement and further described below, of our common shareholders (i.e., share price appreciation plus dividends) exceeds the total shareholder return of the applicable market index, or the benchmark return per share, for the relevant measurement period. The MSCI U.S. REIT/Industrial REIT Index is the benchmark index for periods on and after August 1, 2021, and the SNL U.S. REIT Industrial Index is the benchmark index for periods prior to August 1, 2021. For purposes of the total return per share of our common shareholders, share price appreciation for a measurement period is determined by subtracting (i) if the measurement period ends on or before December 31, 2020, $24.00 per common share (our unadjusted initial share price, as defined under the business management agreement, based on our IPO price of our common shares) or, if the measurement period ends after December 31, 2020, the closing price of our common shares on Nasdaq on the last trading day of the year immediately before the first year of the applicable measurement period from (ii) the average closing price of our common shares on the 10 consecutive trading days having the highest average closing prices during the final 30 trading days in the last year of the measurement period. ◦ The calculation of the incentive management fee (including the determinations of our equity market capitalization, initial share price and the total return per share of our common shareholders) is subject to adjustments if we issue or repurchase our common shares, or our common shares are forfeited, during the measurement period. ◦ No incentive management fee is payable by us unless our total return per share during the measurement period is positive. ◦ The measurement periods are generally three ◦ If our total return per share exceeds 12.0% per year in any measurement period, the benchmark return per share is adjusted to be the lesser of the total shareholder return of the applicable market index for such measurement period and 12.0% per year, or the adjusted benchmark return per share. In instances where the adjusted benchmark return per share applies, the incentive management fee will be reduced if our total return per share is between 200 basis points and 500 basis points below the applicable market index in any year, by a low return factor, as defined in the business management agreement, and there will be no incentive management fee paid if, in these instances, our total return per share is more than 500 basis points below the applicable market index in any year, determined on a cumulative basis (i.e., between 200 basis points and 500 basis points per year multiplied by the number of years in the measurement period and below the applicable market index). ◦ The incentive management fee is subject to a cap. The cap is equal to the value of the number of our common shares which would, after issuance, represent 1.5% of the number of our common shares then outstanding multiplied by the average closing price of our common shares during the 10 consecutive trading days having the highest average closing prices during the final 30 trading days of the relevant measurement period. ◦ Incentive management fees we paid to RMR for any period may be subject to “clawback” if our financial statements for that period are restated due to material non-compliance with any financial reporting requirements under the securities laws as a result of the bad faith, fraud, willful misconduct or gross negligence of RMR and the amount of the incentive management fee we paid was greater than the amount we would have paid based on the restated financial statements. Pursuant to our business management agreement with RMR, we recognized net business management fees of $23,701, $10,562 and $12,983 for the years ended December 31, 2022, 2021 and 2020. The net business management fees we recognized for the year ended December 31, 2020 include $1,005 of management fees paid to RMR by our joint venture that was a consolidated subsidiary of ours until November 2020. See Notes 2, 3, 5, 6, 10 and 11 for further information regarding this joint venture. The net business management fees we recognized are included in general and administrative expenses in our consolidated statements of comprehensive income (loss) for the years ended December 31, 2022, 2021 and 2020. We did not incur any incentive management fee pursuant to our business management agreement for the years ended December 31, 2022, 2021 and 2020. • Property Management and Construction Supervision Fees . The property management fees payable to RMR by us for each applicable period are equal to 3.0% of gross collected rents and the construction supervision fees payable to RMR by us for each applicable period are equal to 5.0% of construction costs. Pursuant to our property management agreement with RMR, we recognized aggregate property management and construction supervision fees of $11,916, $6,606 and $7,472 for the years ended December 31, 2022, 2021 and 2020, respectively. For the years ended December 31, 2022, 2021 and 2020, $11,058, $6,395 and $7,267, respectively, of the total net property management and construction supervision fees were expensed to other operating expenses in our consolidated statements of comprehensive income (loss) and $858, $211 and $205, respectively, were capitalized as building improvements in our consolidated balance sheets. The amounts capitalized are being depreciated over the estimated useful lives of the related capital assets. • Expense Reimbursement . We are generally responsible for all of our operating expenses, including certain expenses incurred or arranged by RMR on our behalf. We are generally not responsible for payment of RMR’s employment, office or administrative expenses incurred to provide management services to us, except for the employment and related expenses of RMR’s employees assigned to work exclusively or partly at our properties, our share of the wages, benefits and other related costs of RMR’s centralized accounting personnel, our share of RMR’s costs for providing our internal audit function and as otherwise agreed. Our property level operating expenses are generally incorporated into rents charged to our tenants, including certain payroll and related costs incurred by RMR. We reimbursed RMR $6,785, $4,786 and $4,948 for these expenses and costs for the years ended December 31, 2022, 2021 and 2020, respectively. These amounts are included in other operating expenses and general and administrative expenses, as applicable, for these periods. • Term . Our management agreements with RMR have terms that end on December 31, 2042, and automatically extend on December 31st of each year for an additional year, so that the terms of our management agreements thereafter end on the 20th anniversary of the date of the extension. • Termination Rights . We have the right to terminate one or both of our management agreements with RMR: (i) at any time on 60 days’ written notice for convenience, (ii) immediately on written notice for cause, as defined therein, (iii) on written notice given within 60 days after the end of an applicable calendar year for a performance reason, as defined therein, and (iv) by written notice during the 12 months following a change of control of RMR, as defined therein. RMR has the right to terminate the management agreements for good reason, as defined therein. • Termination Fee . If we terminate one or both of our management agreements with RMR for convenience, or if RMR terminates one or both of our management agreements for good reason, we have agreed to pay RMR a termination fee in an amount equal to the sum of the present values of the monthly future fees, as defined therein, for the terminated management agreement(s) for the term that was remaining prior to such termination, which, depending on the time of termination would be between 19 and 20 years. If we terminate one or both of our management agreements with RMR for a performance reason, we have agreed to pay RMR the termination fee calculated as described above, but assuming a 10 year term was remaining prior to the termination. We are not required to pay any termination fee if we terminate our management agreements with RMR for cause or as a result of a change of control of RMR. • Transition Services . RMR has agreed to provide certain transition services to us for 120 days following an applicable termination by us or notice of termination by RMR, including cooperating with us and using commercially reasonable efforts to facilitate the orderly transfer of the management and real estate investment services provided under our business management agreement and to facilitate the orderly transfer of the management of the managed properties under our property management agreement, as applicable. • Vendors . Pursuant to our management agreements with RMR, RMR may from time to time negotiate on our behalf with certain third party vendors and suppliers for the procurement of goods and services to us. As part of this arrangement, we may enter agreements with RMR and other companies to which RMR or its subsidiaries provide management services for the purpose of obtaining more favorable terms from such vendors and suppliers. • Investment Opportunities . Under our business management agreement with RMR, we acknowledge that RMR may engage in other activities or businesses and act as the manager to any other person or entity (including other REITs) even though such person or entity has investment policies and objectives similar to ours and we are not entitled to preferential treatment in receiving information, recommendations and other services from RMR. Management Agreements Between Our Joint Ventures and RMR. We have two separate joint venture arrangements. As described further in Notes 2, 3, 5, 6, 10 and 11, one of these joint ventures is with two, third party institutional investors. This joint venture owns 18 properties, and we own a 22% equity interest in this joint venture. We entered into this joint venture in February 2020. The other joint venture we entered into in connection with the Merger is with one, third party institutional investor. This joint venture owns 94 properties. We own a 61% equity interest in this joint venture, and the other joint venture investor acquired a 39% equity interest in the joint venture from us for $589,411 as of the completion of the transaction, in connection with the joint venture’s formation in February 2022. RMR provides management services to both of these joint ventures. Prior to November 2020, our 18 property joint venture was our consolidated subsidiary and, as such, we were obligated to pay fees under our management agreements with RMR regarding this joint venture; however, any fees paid by that joint venture were credited against the fees payable by us to RMR. Starting in November 2020, this joint venture is no longer our consolidated subsidiary and, as a result, we are no longer required to pay management fees to RMR with respect to our 18 property joint venture and fees this joint venture pays to RMR are no longer credited against amounts we owe to RMR. Our 94 property joint venture is our consolidated subsidiary and, as a result, we are obligated to pay management fees to RMR under our management agreements with RMR for the services it provides regarding that joint venture; however that joint venture pays management fees directly to RMR, and any such fees paid by that joint venture are credited against the fees payable by us to RMR. |
Related Person Transactions
Related Person Transactions | 12 Months Ended |
Dec. 31, 2022 | |
Related Party Transactions [Abstract] | |
Related Person Transactions | Related Person TransactionsWe have relationships and historical and continuing transactions with RMR, The RMR Group Inc., or RMR Inc., and others related to them, including other companies to which RMR or its subsidiaries provide management services and some of which have trustees, directors or officers who are also our Trustees or officers. RMR is a majority owned subsidiary of RMR Inc. The Chair of our Board of Trustees and one of our Managing Trustees, Adam Portnoy, is the sole trustee, an officer and the controlling shareholder of ABP Trust, which is the controlling shareholder of RMR Inc., the chair of the board of directors, a managing director and the president and chief executive officer of RMR Inc. and an officer and employee of RMR. Matthew Jordan, our other Managing Trustee, is executive vice president, chief financial officer and treasurer of RMR Inc., an officer and employee of RMR and an officer of ABP Trust. John Murray, one of our Managing Trustees until June 1, 2022 and our President and Chief Executive Officer until March 31, 2022, also serves as an officer and employee of RMR, and each of our current officers is also an officer and employee of RMR. Some of our Independent Trustees also serve as independent trustees or independent directors of other public companies to which RMR or its subsidiaries provide management services. Adam Portnoy serves as chair of the boards and as a managing director or managing trustee of these public companies. Other officers of RMR, including Messrs. Jordan and Murray and certain of our officers, serve as managing trustees, managing directors or officers of certain of these companies. Our Manager, RMR . We have two agreements with RMR to provide management services to us. See Note 9 for further information regarding our management agreements with RMR. Our Joint Ventures. We have two separate joint venture arrangements. See Notes 2, 3, 5, 6, 9 and 11 for further information regarding our joint ventures, including properties we have sold to, and equity interests we have sold in, these joint ventures. As of December 31, 2022 and December 31, 2021, we owed $616 and $225, respectively, to the unconsolidated joint venture for rents that we collected on behalf of that joint venture. These amounts are presented as due to related persons in our consolidated balance sheet. We paid the amounts we owed as of December 31, 2022 in January 2023 and the amounts we owed as of December 31, 2021 in January 2022. As of December 31, 2020, the unconsolidated joint venture owed to us $2,665 for post-closing adjustments relating to our sale of some of our equity interests to a second third party institutional investor in November 2020. That joint venture paid these amounts due to us during the year ended December 31, 2022. This amount is presented as due from related persons in our consolidated balance sheet. RMR provides management services to each of our joint ventures. See Note 9 for further information regarding RMR’s management agreements with our joint ventures. Share Awards to RMR Employees . As described in Note 7, we award shares to our officers and other employees of RMR annually. Generally, one fifth of these awards vest on the grant date and one fifth vests on each of the next four anniversaries of the grant dates. In certain instances, we may accelerate the vesting of an award, such as in connection with the award holder’s retirement as an officer of us or an officer or employee of RMR. These awards to RMR employees are in addition to the share awards to our Managing Trustees, as Trustee compensation, and the fees we paid to RMR. See Note 7 for information regarding our share awards and activity as well as certain share purchases we made in connection with share award recipients satisfying tax withholding obligations on the vesting of share awards. Affiliates Insurance Company . Until its dissolution on February 13, 2020, we, ABP Trust and five other companies to which RMR provides management services owned Affiliates Insurance Company, or AIC, in equal amounts. In connection with AIC’s dissolution, we and each other AIC shareholder received a liquidating distribution of approximately $287 in June 2020 and a final liquidating distribution of $12 in December 2021. TravelCenters of America Inc. In May 2021, we acquired a property located in the Dallas, Texas market from TravelCenters of America Inc., or TA, for a purchase price of $2,319, including acquisition related costs of $119. RMR provides management services to TA and Mr. Portnoy serves as the chair of the board of directors and as a managing director of TA. See Note 3 for further information regarding this acquisition. |
Derivatives and Hedging Activit
Derivatives and Hedging Activities | 12 Months Ended |
Dec. 31, 2022 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivatives and Hedging Activities | Derivatives and Hedging Activities Risk Management Objective of Using Derivatives We are exposed to certain risks relating to our ongoing business operations, including the impact of changes in interest rates. The only risk currently managed by us using derivative instruments is a part of our interest rate risk. We have an interest rate cap agreement to manage our interest rate risk exposure on each of the ILPT Floating Rate Loan and the Floating Rate Loan, both with interest payable at a rate equal to SOFR plus a premium. The use of derivative financial instruments carries certain risks, including the risk that the counterparties to these contractual arrangements are not able to perform under the agreements. To mitigate this risk, we only enter into derivative financial instruments with counterparties with high credit ratings and with major financial institutions with which we or our related parties may also have other financial relationships. We do not anticipate that any of the counterparties will fail to meet their obligations. Cash Flow Hedges of Interest Rate Risk As required by ASC 815, Derivatives and Hedging , we record all derivatives on the balance sheet at fair value. The following table summarizes the terms of our outstanding interest rate cap agreements designated as cash flow hedges of interest rate risk as of December 31, 2022: Interest Rate Derivative Balance Sheet Line Item Underlying Instrument Number of Instruments Strike Rate Notional Amount Fair Value at December 31, 2022 Interest Rate Cap Other assets Floating Rate Loan (1) 1 3.40% $ 1,400,000 $ 23,337 Interest Rate Cap Other assets ILPT Floating Rate Loan 2 2.25% $ 1,235,000 $ 49,796 (1) The Floating Rate Loan was entered into by our consolidated joint venture. Interest rate caps designated as cash flow hedges involve the receipt of variable amounts from a counterparty if interest rates rise above the strike rate on the contract in exchange for an up-front premium. For derivatives designated and qualifying as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in accumulated other comprehensive income (loss) and subsequently reclassified into interest expense in the same period during which the hedged transaction affects earnings. Gains and losses on the derivative representing hedge components excluded from the assessment of effectiveness are recognized over the life of the hedge on a systematic and rational basis, as documented at hedge inception in accordance with our accounting policy election. The earnings recognition of excluded components is presented in interest expense. Amounts reported in accumulated other comprehensive income (loss) related to derivatives will be reclassified to interest expense as interest payments are made on our applicable debt. In September 2022, in conjunction with the repayment of the Bridge Loan, we sold two interest rate cap instruments with an aggregate notional amount of $1,385,158, a strike rate equal to 2.70% and an original expiration date of March 15, 2023 for $7,740. As the underlying debt instrument that these interest rate caps were intended to hedge was repaid in its entirety and the related interest expense was no longer probable to occur, these interest rate caps were no longer designated as cash flow hedges and the remaining deferred gain was reclassified from cumulative other comprehensive income (loss) as a reduction of loss on early extinguishment of debt. Year Ended December 31, 2022 Amount of gain recognized in cumulative other comprehensive income (loss) $ 34,825 Amount reclassified from cumulative other comprehensive income (loss) into interest expense 2,330 Amount reclassified from cumulative other comprehensive income (loss) into loss on early extinguishment of debt (6,961) Unrealized gain on derivative instrument recognized in cumulative other comprehensive income $ 30,194 We expect to reclassify approximately $25,810 from accumulated other comprehensive income to interest expense during the next twelve months, of which $6,845 would be attributable to noncontrolling interest. |
SCHEDULE III - REAL ESTATE AND
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 | SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2022 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Property Type Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 1 510 Production Avenue Madison AL Mainland Properties (B) $ 1,200 $ 9,967 $ — $ (2,118) $ 973 $ 8,076 $ 9,049 $ (136) 2/25/2022 2004 2 6735 Trippel Road Mobile AL Mainland Properties (E) 1,500 44,354 — — 1,500 44,354 45,854 (1,077) 2/25/2022 2017 3 11224 Will Walker Road Vance AL Mainland Properties (B) 3,901 40,857 550 — 3,901 41,407 45,308 (1,800) 2/25/2022 2021 4 3200 Rodeo Court Bessemer AL Mainland Properties (C) 3,201 23,462 — — 3,201 23,462 26,663 (570) 2/25/2022 2021 5 4501 Industrial Drive Fort Smith AR Mainland Properties (B) 900 3,485 — — 901 3,484 4,385 (690) 1/29/2015 2013 6 9860 West Buckeye Road Tolleson AZ Mainland Properties (B) 4,801 26,716 1 — 4,802 26,716 31,518 (1,132) 2/25/2022 2002 7 3870 Ronald Reagan Boulevard Johnstown CO Mainland Properties (B) 2,780 9,722 1 — 2,779 9,724 12,503 (1,207) 4/9/2019 2007 8 125 North Troy Hill Road Colorado Springs CO Mainland Properties (B) 5,402 32,981 — (10,790) 3,883 23,710 27,593 (342) 2/25/2022 2016 9 14257 E. Easter Avenue Centennial CO Mainland Properties (B) 1,801 10,563 — (2,607) 1,421 8,336 9,757 (169) 2/25/2022 2003 10 955 Aeroplaza Drive Colorado Springs CO Mainland Properties (B) 800 7,412 39 — 800 7,451 8,251 (1,481) 1/29/2015 2012 11/12 13400 East 39th Avenue and 3800 Wheeling Street Denver CO Mainland Properties (B) 3,100 12,955 5 — 3,100 12,960 16,060 (2,568) 1/29/2015 1973 13 150 Greenhorn Drive Pueblo CO Mainland Properties (B) 200 4,177 — — 200 4,177 4,377 (827) 1/29/2015 2013 14 2 Tower Drive Wallingford CT Mainland Properties (B) 1,471 2,165 888 — 1,471 3,053 4,524 (1,129) 10/24/2006 1978 15 50 Hollow Tree Lane Newington CT Mainland Properties (C) 600 4,793 — — 600 4,793 5,393 (136) 2/25/2022 2000 16 235 Great Pond Road Windsor CT Mainland Properties (B) 2,400 9,469 — — 2,400 9,469 11,869 (2,467) 7/20/2012 2004 17 2100 NW 82nd Avenue Miami FL Mainland Properties (B) 144 1,297 454 — 144 1,751 1,895 (939) 3/19/1998 1987 18 10450 Doral Boulevard Doral FL Mainland Properties (B) 15,225 28,102 — — 15,225 28,102 43,327 (4,216) 6/27/2018 1996 19 13509 Waterworks Street Jacksonville FL Mainland Properties (B) 3,701 37,720 (1) (9,345) 2,866 29,209 32,075 (421) 2/25/2022 2014 20 27200 SW 127th Avenue Homestead FL Mainland Properties (B) 24,808 22,762 — (8,376) 20,440 18,754 39,194 (271) 2/25/2022 2017 21 3155 Grissom Parkway Cocoa FL Mainland Properties (B) 3,101 20,542 27 (4,620) 2,494 16,556 19,050 (279) 2/25/2022 2006 22 950 Bennett Road Orlando FL Mainland Properties (B) 2,701 12,334 215 (737) 2,568 11,945 14,513 (200) 2/25/2022 1997 23 3736 Salisbury Road Jacksonville FL Mainland Properties (B) 1,600 12,071 158 (2,998) 1,250 9,581 10,831 (240) 2/25/2022 1998 24 1341 N. Clyde Morris Boulevard Daytona Beach FL Mainland Properties (B) 3,001 38,858 486 (1,762) 2,875 37,708 40,583 (537) 2/25/2022 2017 25 5000 North Ridge Trail Davenport FL Mainland Properties (C) 4,001 52,290 — — 4,001 52,290 56,291 (1,270) 2/25/2022 2016 26 14001 Jetport Loop Ft. Myers FL Mainland Properties (C) 5,902 25,616 — — 5,902 25,616 31,518 (622) 2/25/2022 2016 27 8411 Florida Mining Boulevard Tampa FL Mainland Properties (C) 7,602 29,985 19 — 7,602 30,004 37,606 (851) 2/25/2022 2003 28 5101 West Waters Avenue Tampa FL Mainland Properties (C) 3,101 12,134 157 — 3,101 12,291 15,392 (413) 2/25/2022 1997 29 3404 Cragmont Drive Tampa FL Mainland Properties (C) 1,600 6,557 160 — 1,600 6,717 8,317 (223) 2/25/2022 1989 30 7569 Golf Course Boulevard Punta Gorda FL Mainland Properties (C) — 6,042 — — — 6,042 6,042 (147) 2/25/2022 2007 INDUSTRIAL LOGISTICS PROPERTIES TRUST SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2022 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Property Type Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 31 1900 Interstate Boulevard Lakeland FL Mainland Properties (C) 500 3,405 — — 500 3,405 3,905 (96) 2/25/2022 1993 32 2902 Gun Club Road Augusta GA Mainland Properties (B) 1,200 9,861 — (6,995) 441 3,625 4,066 (53) 2/25/2022 2004 33 1078 Bertram Road Augusta GA Mainland Properties (B) 900 1,867 64 (1,374) 453 1,004 1,457 (24) 2/25/2022 1993 34 590 Northport Parkway Savannah GA Mainland Properties (C) 16,905 66,945 — — 16,905 66,945 83,850 (1,626) 2/25/2022 2017 35 3150 Highway 42 Locust Grove GA Mainland Properties (E) 9,803 109,420 41 — 9,803 109,461 119,264 (2,657) 2/25/2022 2020 36 650 Braselton Parkway Braselton GA Mainland Properties (E) 6,902 82,238 — — 6,902 82,238 89,140 (1,997) 2/25/2022 2018 37 700 Hudson Road Griffin GA Mainland Properties (C) 900 20,442 45 — 900 20,487 21,387 (695) 2/25/2022 2002 38 505 Morgan Lakes Industrial Blvd. Savannah GA Mainland Properties (C) 8,203 31,714 — — 8,203 31,714 39,917 (770) 2/25/2022 2018 39 2002 International Boulevard Augusta GA Mainland Properties 3,818 30,780 2 — 3,819 30,781 34,600 (408) 7/14/2022 2022 40 2815 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,818 — 6 — 1,818 6 1,824 (2) 12/5/2003 — 41 609 Ahua Street Honolulu HI Hawaii Properties (A) 616 — — — 616 — 616 — 12/5/2003 — 42 2849 Kaihikapu Street Honolulu HI Hawaii Properties (A) 860 — — — 860 — 860 — 12/5/2003 — 43 709 Ahua Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 44 2839 Kilihau Street Honolulu HI Hawaii Properties (A) 627 — — — 627 — 627 — 12/5/2003 — 45 2906 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,814 2 — — 1,814 2 1,816 (1) 12/5/2003 — 46 733 Mapunapuna Street Honolulu HI Hawaii Properties (A) 3,403 — — — 3,403 — 3,403 — 12/5/2003 — 47 2864 Awaawaloa Street Honolulu HI Hawaii Properties (A) 1,836 — 7 — 1,836 7 1,843 (6) 12/5/2003 — 48 2850 Awaawaloa Street Honolulu HI Hawaii Properties (A) 287 172 (1) — 286 172 458 (82) 12/5/2003 — 49 2806 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 50 2838 Kilihau Street Honolulu HI Hawaii Properties (A) 4,262 — — — 4,262 — 4,262 — 12/5/2003 — 51 852 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 52 812 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,960 25 628 — 2,613 — 2,613 — 12/5/2003 — 53 2969 Mapunapuna Street Honolulu HI Hawaii Properties (A) 4,038 15 — — 4,038 15 4,053 (10) 12/5/2003 — 54 855 Ahua Street Honolulu HI Hawaii Properties (A) 1,834 — — — 1,834 — 1,834 — 12/5/2003 — 55 2855 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,807 — — — 1,807 — 1,807 — 12/5/2003 — 56 865 Ahua Street Honolulu HI Hawaii Properties (A) 1,846 — — — 1,846 — 1,846 — 12/5/2003 — 57 719 Ahua Street Honolulu HI Hawaii Properties (A) 1,960 — — — 1,960 — 1,960 — 12/5/2003 — 58 759 Puuloa Road Honolulu HI Hawaii Properties (A) 1,766 3 (3) — 1,766 — 1,766 — 12/5/2003 — 59 770 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — INDUSTRIAL LOGISTICS PROPERTIES TRUST SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2022 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Property Type Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 60 2915 Kaihikapu Street Honolulu HI Hawaii Properties (A) 2,579 — — — 2,579 — 2,579 — 12/5/2003 — 61 704 Mapunapuna Street Honolulu HI Hawaii Properties (A) 2,390 685 — — 2,390 685 3,075 (326) 12/5/2003 — 62 822 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,795 15 (15) — 1,795 — 1,795 — 12/5/2003 — 63 842 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,795 14 (14) — 1,795 — 1,795 — 12/5/2003 — 64 2839 Mokumoa Street Honolulu HI Hawaii Properties (A) 1,942 — — — 1,942 — 1,942 — 12/5/2003 — 65 2861 Mokumoa Street Honolulu HI Hawaii Properties (A) 3,867 — — — 3,867 — 3,867 — 12/5/2003 — 66 619 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,401 2 12 — 1,401 14 1,415 (3) 12/5/2003 — 67 2847 Awaawaloa Street Honolulu HI Hawaii Properties (A) 582 303 184 — 582 487 1,069 (167) 12/5/2003 — 68 2928 Kaihikapu Street - A Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 69 2928 Kaihikapu Street - B Honolulu HI Hawaii Properties (A) 1,948 — — — 1,948 — 1,948 — 12/5/2003 — 70 850 Ahua Street Honolulu HI Hawaii Properties (A) 2,682 2 (2) — 2,682 — 2,682 — 12/5/2003 — 71 659 Ahua Street Honolulu HI Hawaii Properties (A) 860 20 (20) — 860 — 860 — 12/5/2003 — 72 2831 Awaawaloa Street Honolulu HI Hawaii Properties (A) 860 — — — 860 — 860 — 12/5/2003 — 73 2760 Kam Highway Honolulu HI Hawaii Properties (A) 703 — 191 — 703 191 894 (29) 12/5/2003 — 74 2965 Mokumoa Street Honolulu HI Hawaii Properties (A) 2,140 — — — 2,140 — 2,140 — 12/5/2003 — 75 2814 Kilihau Street Honolulu HI Hawaii Properties (A) 1,925 — — — 1,925 — 1,925 — 12/5/2003 — 76 2804 Kilihau Street Honolulu HI Hawaii Properties (A) 1,775 2 — — 1,775 2 1,777 — 12/5/2003 — 77 2833 Kilihau Street Honolulu HI Hawaii Properties (A) 601 — — — 601 — 601 — 12/5/2003 — 78 692 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,796 2 — — 1,796 2 1,798 — 12/5/2003 — 79 669 Ahua Street Honolulu HI Hawaii Properties (A) 1,801 14 62 — 1,801 76 1,877 (33) 12/5/2003 — 80 761 Ahua Street Honolulu HI Hawaii Properties (A) 3,757 2 339 — 3,757 341 4,098 (35) 12/5/2003 — 81 702 Ahua Street Honolulu HI Hawaii Properties (A) 1,784 3 (4) — 1,783 — 1,783 — 12/5/2003 — 82 645 Ahua Street Honolulu HI Hawaii Properties (A) 882 — — — 882 — 882 — 12/5/2003 — 83 675 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,081 — — — 1,081 — 1,081 — 12/5/2003 — 84 2858 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 85 2857 Awaawaloa Street Honolulu HI Hawaii Properties (A) 983 — — — 983 — 983 — 12/5/2003 — 86 2812 Awaawaloa Street Honolulu HI Hawaii Properties (A) 1,801 3 (2) — 1,801 1 1,802 — 12/5/2003 — 87 2809 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,837 — — — 1,837 — 1,837 — 12/5/2003 — 88 803 Ahua Street Honolulu HI Hawaii Properties (A) 3,804 — — — 3,804 — 3,804 — 12/5/2003 — INDUSTRIAL LOGISTICS PROPERTIES TRUST SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2022 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Property Type Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 89 2889 Mokumoa Street Honolulu HI Hawaii Properties (A) 1,783 5 — — 1,783 5 1,788 — 12/5/2003 — 90 819 Ahua Street Honolulu HI Hawaii Properties (A) 4,821 583 9 — 4,821 592 5,413 (287) 12/5/2003 — 91 830 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,801 25 (25) — 1,801 — 1,801 — 12/5/2003 — 92 2831 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,272 529 55 — 1,272 584 1,856 (277) 12/5/2003 — 93 2846-A Awaawaloa Street Honolulu HI Hawaii Properties (A) 2,181 954 — — 2,181 954 3,135 (454) 12/5/2003 — 94 2816 Awaawaloa Street Honolulu HI Hawaii Properties (A) 1,009 27 — — 1,009 27 1,036 (13) 12/5/2003 — 95 673 Ahua Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 96 697 Ahua Street Honolulu HI Hawaii Properties (A) 994 811 (4) — 994 807 1,801 (384) 12/5/2003 — 97 808 Ahua Street Honolulu HI Hawaii Properties (A) 3,279 — (1) — 3,278 — 3,278 (7) 12/5/2003 — 98 659 Puuloa Road Honolulu HI Hawaii Properties (A) 1,807 — — — 1,807 — 1,807 — 12/5/2003 — 99 666 Mapunapuna Street Honolulu HI Hawaii Properties (A) 860 2 (2) — 860 — 860 — 12/5/2003 — 100 679 Puuloa Road Honolulu HI Hawaii Properties (A) 1,807 3 (3) — 1,807 — 1,807 — 12/5/2003 — 101 673 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,801 20 (20) — 1,801 — 1,801 — 12/5/2003 — 102 2827 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 103 2826 Kaihikapu Street Honolulu HI Hawaii Properties (A) 3,921 — — — 3,921 — 3,921 — 12/5/2003 — 104 685 Ahua Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 105 2844 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,960 14 (14) — 1,960 — 1,960 — 12/5/2003 — 106 789 Mapunapuna Street Honolulu HI Hawaii Properties (A) 2,608 3 (3) — 2,608 — 2,608 — 12/5/2003 — 107 2808 Kam Highway Honolulu HI Hawaii Properties (A) 310 — — — 310 — 310 — 12/5/2003 — 108 2815 Kilihau Street Honolulu HI Hawaii Properties (A) 287 — — — 287 — 287 — 12/5/2003 — 109 2821 Kilihau Street Honolulu HI Hawaii Properties (A) 287 — — — 287 — 287 — 12/5/2003 — 110 2829 Kilihau Street Honolulu HI Hawaii Properties (A) 287 — — — 287 — 287 — 12/5/2003 — 111 2819 Mokumoa Street - A Honolulu HI Hawaii Properties (A) 1,821 — — — 1,821 — 1,821 — 12/5/2003 — 112 2819 Mokumoa Street - B Honolulu HI Hawaii Properties (A) 1,816 — — — 1,816 — 1,816 — 12/5/2003 — 113 2879 Mokumoa Street Honolulu HI Hawaii Properties (A) 1,789 — — — 1,789 — 1,789 — 12/5/2003 — 114 2927 Mokumoa Street Honolulu HI Hawaii Properties (A) 1,778 — — — 1,778 — 1,778 — 12/5/2003 — 115 2833 Paa Street #2 Honolulu HI Hawaii Properties (A) 1,675 — — — 1,675 — 1,675 — 12/5/2003 — 116 855 Mapunapuna Street Honolulu HI Hawaii Properties (A) 3,265 — — — 3,265 — 3,265 — 12/5/2003 — 117 2829 Awaawaloa Street Honolulu HI Hawaii Properties (A) 1,720 2 (2) — 1,720 — 1,720 — 12/5/2003 — INDUSTRIAL LOGISTICS PROPERTIES TRUST SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2022 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Property Type Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 118 766 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 119 2908 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,798 23 — — 1,798 23 1,821 (3) 12/5/2003 — 120 729 Ahua Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 121 739 Ahua Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 122 2868 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 123 660 Ahua Street Honolulu HI Hawaii Properties (A) 1,783 4 (4) — 1,783 — 1,783 — 12/5/2003 — 124 2869 Mokumoa Street Honolulu HI Hawaii Properties (A) 1,794 — — — 1,794 — 1,794 — 12/5/2003 — 125 2836 Awaawaloa Street Honolulu HI Hawaii Properties (A) 1,353 — — — 1,353 — 1,353 — 12/5/2003 — 126 113 Puuhale Road Honolulu HI Hawaii Properties (A) 3,729 — — — 3,729 — 3,729 — 12/5/2003 — 127 2140 Kaliawa Street Honolulu HI Hawaii Properties (A) 931 — — — 931 — 931 — 12/5/2003 — 128 165 Sand Island Access Road Honolulu HI Hawaii Properties (A) 758 — — — 758 — 758 — 12/5/2003 — 129 2106 Kaliawa Street Honolulu HI Hawaii Properties (A) 1,568 — 228 — 1,568 228 1,796 (124) 12/5/2003 — 130 140 Puuhale Road Honolulu HI Hawaii Properties (A) 1,100 — 41 — 1,100 41 1,141 (9) 12/5/2003 — 131 2020 Auiki Street Honolulu HI Hawaii Properties (A) 2,385 — — — 2,385 — 2,385 — 12/5/2003 — 132 2103 Kaliawa Street Honolulu HI Hawaii Properties (A) 3,212 — — — 3,212 — 3,212 — 12/5/2003 — 133 1926 Auiki Street Honolulu HI Hawaii Properties (A) 2,872 — 1,722 — 2,872 1,722 4,594 (709) 12/5/2003 1959 134 1931 Kahai Street Honolulu HI Hawaii Properties (A) 3,779 — — — 3,779 — 3,779 — 12/5/2003 — 135 215 Puuhale Road Honolulu HI Hawaii Properties (A) 2,117 — — — 2,117 — 2,117 — 12/5/2003 — 136 207 Puuhale Road Honolulu HI Hawaii Properties (A) 2,024 — — — 2,024 — 2,024 — 12/5/2003 — 137 125 Puuhale Road Honolulu HI Hawaii Properties (A) 1,630 — — — 1,630 — 1,630 — 12/5/2003 — 138 125B Puuhale Road Honolulu HI Hawaii Properties (A) 2,815 — — — 2,815 — 2,815 — 12/5/2003 — 139 2001 Kahai Street Honolulu HI Hawaii Properties (A) 1,091 — — — 1,091 — 1,091 — 12/5/2003 — 140 2110 Auiki Street Honolulu HI Hawaii Properties (A) 837 — — — 837 — 837 — 12/5/2003 — 141 142 Mokauea Street Honolulu HI Hawaii Properties (A) 2,182 — 1,576 — 2,182 1,576 3,758 (541) 12/5/2003 1972 142 2139 Kaliawa Street Honolulu HI Hawaii Properties (A) 885 — — — 885 — 885 — 12/5/2003 — 143 2122 Kaliawa Street Honolulu HI Hawaii Properties (A) 1,365 — — — 1,365 — 1,365 — 12/5/2003 — 144 148 Mokauea Street Honolulu HI Hawaii Properties (A) 3,476 — — — 3,476 — 3,476 — 12/5/2003 — 145 151 Puuhale Road Honolulu HI Hawaii Properties (A) 1,956 — 48 — 1,956 48 2,004 (2) 12/5/2003 — 146 2127 Auiki Street Honolulu HI Hawaii Properties (A) 2,906 — 67 — 2,906 67 2,973 (38) 12/5/2003 — INDUSTRIAL LOGISTICS PROPERTIES TRUST SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2022 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Property Type Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 147 2144 Auiki Street Honolulu HI Hawaii Properties (A) 2,640 — 7,594 — 2,640 7,594 10,234 (2,925) 12/5/2003 1953 148 179 Sand Island Access Road Honolulu HI Hawaii Properties (A) 2,480 — — — 2,480 — 2,480 — 12/5/2003 — 149 106 Puuhale Road Honolulu HI Hawaii Properties (A) 1,113 — 274 — 1,113 274 1,387 (112) 12/5/2003 1966 150 120 Mokauea Street Honolulu HI Hawaii Properties (A) 1,953 — 1,091 — 1,953 1,091 3,044 (228) 12/5/2003 1970 151 120B Mokauea Street Honolulu HI Hawaii Properties (A) 1,953 — — — 1,953 — 1,953 — 12/5/2003 1970 152 231 Sand Island Access Road Honolulu HI Hawaii Properties (A) 752 — — — 752 — 752 — 12/5/2003 — 153 231B Sand Island Access Road Honolulu HI Hawaii Properties (A) 1,539 — — — 1,539 — 1,539 — 12/5/2003 — 154 220 Puuhale Road Honolulu HI Hawaii Properties (A) 2,619 — — — 2,619 — 2,619 — 12/5/2003 — 155 150 Puuhale Road Honolulu HI Hawaii Properties (A) 4,887 — — — 4,887 — 4,887 — 12/5/2003 — 156 197 Sand Island Access Road Honolulu HI Hawaii Properties (A) 1,238 — — — 1,238 — 1,238 — 12/5/2003 — 157 2019 Kahai Street Honolulu HI Hawaii Properties (A) 1,377 — — — 1,377 — 1,377 — 12/5/2003 — 158 2344 Pahounui Drive Honolulu HI Hawaii Properties (A) 6,709 — — — 6,709 — 6,709 — 12/5/2003 — 159 238 Sand Island Access Road Honolulu HI Hawaii Properties (A) 2,273 — — — 2,273 — 2,273 — 12/5/2003 — 160 2308 Pahounui Drive Honolulu HI Hawaii Properties (A) 3,314 — — — 3,314 — 3,314 — 12/5/2003 — 161 2135 Auiki Street Honolulu HI Hawaii Properties (A) 825 — — — 825 — 825 — 12/5/2003 — 162 218 Mohonua Place Honolulu HI Hawaii Properties (A) 1,741 — — — 1,741 — 1,741 — 12/5/2003 — 163 180 Sand Island Access Road Honolulu HI Hawaii Properties (A) 1,655 — — — 1,655 — 1,655 — 12/5/2003 — 164 2250 Pahounui Drive Honolulu HI Hawaii Properties (A) 3,862 — — — 3,862 — 3,862 — 12/5/2003 — 165 158 Sand Island Access Road Honolulu HI Hawaii Properties (A) 2,488 — — — 2,488 — 2,488 — 12/5/2003 — 166 2264 Pahounui Drive Honolulu HI Hawaii Properties (A) 1,632 — — — 1,632 — 1,632 — 12/5/2003 — 167 2276 Pahounui Drive Honolulu HI Hawaii Properties (A) 1,619 — — — 1,619 — 1,619 — 12/5/2003 — 168 204 Sand Island Access Road Honolulu HI Hawaii Properties (A) 1,689 — — — 1,689 — 1,689 — 12/5/2003 — 169 228 Mohonua Place Honolulu HI Hawaii Properties (A) 1,865 — — — 1,865 — 1,865 — 12/5/2003 — 170 212 Mohonua Place Honolulu HI Hawaii Properties (A) 1,067 — — — 1,067 — 1,067 — 12/5/2003 — 171 214 Sand Island Access Road Honolulu HI Hawaii Properties (A) 1,864 — 593 — 1,864 593 2,457 (161) 12/5/2003 1981 172 2879 Paa Street Honolulu HI Hawaii Properties (A) 1,691 — 44 — 1,691 44 1,735 (16) 12/5/2003 — 173 2833 Paa Street Honolulu HI Hawaii Properties (A) 1,701 — — — 1,701 — 1,701 — 12/5/2003 — 174 1055 Ahua Street Honolulu HI Hawaii Properties (A) 1,216 — — — 1,216 — 1,216 — 12/5/2003 — 175 2875 Paa Street Honolulu HI Hawaii Properties (A) 1,330 — — — 1,330 — 1,330 — 12/5/2003 — INDUSTRIAL LOGISTICS PROPERTIES TRUST SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2022 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Property Type Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 176 1000 Mapunapuna Street Honolulu HI Hawaii Properties (A) 2,252 — — — 2,252 — 2,252 — 12/5/2003 — 177 2850 Paa Street Honolulu HI Hawaii Properties (A) 22,827 — — — 22,827 — 22,827 — 12/5/2003 — 178 2828 Paa Street Honolulu HI Hawaii Properties (A) 12,448 — — — 12,448 — 12,448 — 12/5/2003 — 179 1045 Mapunapuna Street Honolulu HI Hawaii Properties (A) 819 — — — 819 — 819 — 12/5/2003 — 180 1122 Mapunapuna Street Honolulu HI Hawaii Properties (A) 5,781 — — — 5,781 — 5,781 — 12/5/2003 — 181 2810 Paa Street Honolulu HI Hawaii Properties (A) 3,340 — — — 3,340 — 3,340 — 12/5/2003 — 182 2886 Paa Street Honolulu HI Hawaii Properties (A) 2,205 — — — 2,205 — 2,205 — 12/5/2003 — 183 2810 Pukoloa Street Honolulu HI Hawaii Properties (A) 27,699 — — — 27,699 — 27,699 — 12/5/2003 — 184 1052 Ahua Street Honolulu HI Hawaii Properties (A) 1,703 — 240 — 1,703 240 1,943 (104) 12/5/2003 — 185 1024 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,385 — — — 1,385 — 1,385 — 12/5/2003 — 186 1030 Mapunapuna Street Honolulu HI Hawaii Properties (A) 5,655 — — — 5,655 — 5,655 — 12/5/2003 — 187 1001 Ahua Street Honolulu HI Hawaii Properties (A) 15,155 3,312 92 — 15,155 3,404 18,559 (1,609) 12/5/2003 — 188 944 Ahua Street Honolulu HI Hawaii Properties (A) 1,219 — — — 1,219 — 1,219 — 12/5/2003 — 189 918 Ahua Street Honolulu HI Hawaii Properties (A) 3,820 — — — 3,820 — 3,820 — 12/5/2003 — 190 2864 Mokumoa Street Honolulu HI Hawaii Properties (A) 2,092 — — — 2,092 — 2,092 — 12/5/2003 — 191 1050 Kikowaena Place Honolulu HI Hawaii Properties (A) 1,404 873 — — 1,404 873 2,277 (416) 12/5/2003 — 192 949 Mapunapuna Street Honolulu HI Hawaii Properties (A) 11,568 — — — 11,568 — 11,568 — 12/5/2003 — 193 2855 Pukoloa Street Honolulu HI Hawaii Properties (A) 1,934 — — — 1,934 — 1,934 — 12/5/2003 — 194 2865 Pukoloa Street Honolulu HI Hawaii Properties (A) 1,934 — — — 1,934 — 1,934 — 12/5/2003 — 195 2850 Mokumoa Street Honolulu HI Hawaii Properties (A) 2,143 — — — 2,143 — 2,143 — 12/5/2003 — 196 905 Ahua Street Honolulu HI Hawaii Properties (A) 1,148 — — — 1,148 — 1,148 — 12/5/2003 — 197 1150 Kikowaena Street Honolulu HI Hawaii Properties (A) 2,445 — — — 2,445 — 2,445 — 12/5/2003 — 198 960 Ahua Street Honolulu HI Hawaii Properties (A) 614 — — — 614 — 614 — 12/5/2003 — 199 1062 Kikowaena Place Honolulu HI Hawaii Properties (A) 1,049 598 125 — 1,049 723 1,772 (294) 12/5/2003 — 200 2829 Pukoloa Street Honolulu HI Hawaii Properties (A) 2,088 — — — 2,088 — 2,088 — 12/5/2003 — 201 2841 Pukoloa Street Honolulu HI Hawaii Properties (A) 2,088 — — — 2,088 — 2,088 — 12/5/2003 — 202 2819 Pukoloa Street Honolulu HI Hawaii Properties (A) 2,090 — 34 — 2,090 34 2,124 (12) 12/5/2003 — 203 950 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,724 — — — 1,724 — 1,724 — 12/5/2003 — 204 960 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,933 — — — 1,933 — 1,933 — 12/5/2003 — INDUSTRIAL LOGISTICS PROPERTIES TRUST SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2022 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Property Type Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 205 930 Mapunapuna Street Honolulu HI Hawaii Properties (A) 3,654 — — — 3,654 — 3,654 — 12/5/2003 — 206 1038 Kikowaena Place Honolulu HI Hawaii Properties (A) 2,576 — — — 2,576 — 2,576 — 12/5/2003 — 207 1024 Kikowaena Place Honolulu HI Hawaii Properties (A) 1,818 — — — 1,818 — 1,818 — 12/5/2003 — 208 2970 Mokumoa Street Honolulu HI Hawaii Properties (A) 1,722 — — — 1,722 — 1,722 — 12/5/2003 — 209 970 Ahua Street Honolulu HI Hawaii Properties (A) 817 — — — 817 — 817 — 12/5/2003 — 210 2840 Mokumoa Street Honolulu HI Hawaii Properties (A) 2,149 — — — 2,149 — 2,149 — 12/5/2003 — 211 2830 Mokumoa Street Honolulu HI Hawaii Properties (A) 2,146 — — — 2,146 — 2,146 — 12/5/2003 — 212 1027 Kikowaena Place Honolulu HI Hawaii Properties (A) 5,444 — — — 5,444 — 5,444 — 12/5/2003 — 213 2960 Mokumoa Street Honolulu HI Hawaii Properties (A) 1,977 — — — 1,977 — 1,977 — 12/5/2003 — 214 80 Sand Island Access Road Honolulu HI Hawaii Properties (A) 7,972 — — — 7,972 — 7,972 — 12/5/2003 — 215 94-240 Pupuole Street Waipahu HI Hawaii Properties (A) 717 — — — 717 — 717 — 12/5/2003 — 216 525 N. King Street Honolulu HI Hawaii Properties (A) 1,342 — — — 1,342 — 1,342 — 12/5/2003 — 217 1360 Pali Highway Honolulu HI Hawaii Properties (A) 9,170 — 161 — 9,170 161 9,331 (146) 12/5/2003 — 218 1330 Pali Highway Honolulu HI Hawaii Properties (A) 1,423 — — — 1,423 — 1,423 — 12/5/2003 — 219 33 S. Vineyard Boulevard Honolulu HI Hawaii Properties (A) 844 — — — 844 — 844 — 12/5/2003 — 220 848 Ala Lilikoi Street Honolulu HI Hawaii Properties (A) 9,426 — — — 9,426 — 9,426 — 12/5/2003 — 221 846 Ala Lilikoi Street Honolulu HI Hawaii Properties (A) 234 — — — 234 — 234 — 12/5/2003 — 222 2635 Waiwai Loop A Honolulu HI Hawaii Properties (A) 934 350 683 — 934 1,033 1,967 (355) 12/5/2003 — 223 2635 Waiwai Loop B Honolulu HI Hawaii Properties (A) 1,177 105 682 — 1,177 787 1,964 (238) 12/5/2003 — 224 120 Sand Island Access Road Honolulu HI Hawaii Properties (A) 1,132 11,307 1,452 — 1,132 12,759 13,891 (5,624) 11/23/2004 2004 225 91-222 Olai Kapolei HI Hawaii Properties (B) 2,035 — 77 — 2,035 77 2,112 (3) 6/15/2005 — 226 91-265 Hanua Kapolei HI Hawaii Properties (B) 1,569 — — — 1,569 — 1,569 — 6/15/2005 — 227 91-255 Hanua Kapolei HI Hawaii Properties (B) 1,230 — 35 — 1,230 35 1,265 (8) 6/15/2005 — 228 91-241 Kalaeloa Kapolei HI Hawaii Properties (B) 426 3,983 883 — 426 4,866 5,292 (2,002) 6/15/2005 1990 229 91-141 Kalaeloa Kapolei HI Hawaii Properties (B) 11,624 — — — 11,624 — 11,624 — 6/15/2005 — 230 91-250 Komohana Kapolei HI Hawaii Properties (B) 1,506 — — — 1,506 — 1,506 — 6/15/2005 — 231 91-202 Kalaeloa Kapolei HI Hawaii Properties (B) 1,722 — 326 — 1,722 326 2,048 (77) 6/15/2005 1964 232 91-080 Hanua Kapolei HI Hawaii Properties (B) 2,187 — — — 2,187 — 2,187 — 6/15/2005 — 233 91-027 Kaomi Loop Kapolei HI Hawaii Properties (B) 2,667 — — — 2,667 — 2,667 — 6/15/2005 — INDUSTRIAL LOGISTICS PROPERTIES TRUST SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2022 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Property Type Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 234 91-185 Kalaeloa Kapolei HI Hawaii Properties (B) 1,761 — 81 — 1,761 81 1,842 (2) 6/15/2005 — 235 91-329 Kauhi Kapolei HI Hawaii Properties (B) 294 2,297 2,783 — 294 5,080 5,374 (2,165) 6/15/2005 1980 236 91-399 Kauhi Kapolei HI Hawaii Properties (B) 27,405 — — — 27,405 — 27,405 — 6/15/2005 — 237 91-086 Kaomi Loop Kapolei HI Hawaii Properties 13,884 — — — 13,884 — 13,884 — 6/15/2005 — 238 91-349 Kauhi Kapolei HI Hawaii Properties (B) 649 — — — 649 — 649 — 6/15/2005 — 239 91-400 Komohana Kapolei HI Hawaii Properties (B) 1,494 — — — 1,494 — 1,494 — 6/15/2005 — 240 91-174 Olai Kapolei HI Hawaii Properties (B) 962 — 47 — 962 47 1,009 (28) 6/15/2005 — 241 91-218 Olai Kapolei HI Hawaii Properties (B) 1,622 — 62 — 1,622 62 1,684 (34) 6/15/2005 — 242 91-175 Olai Kapolei HI Hawaii Properties (B) 1,243 — 87 — 1,243 87 1,330 (32) 6/15/2005 — 243 91-210 Olai Kapolei HI Hawaii Properties (B) 706 — — — 706 — 706 — 6/15/2005 — 244 91-087 Hanua Kapolei HI Hawaii Properties (B) 381 — — — 381 — 381 — 6/15/2005 — 245 91-083 Hanua Kapolei HI Hawaii Properties (B) 716 — — — 716 — 716 — 6/15/2005 — 246 91-091 Hanua Kapolei HI Hawaii Properties (B) 552 — — — 552 — 552 — 6/15/2005 — 247 91-220 Kalaeloa Kapolei HI Hawaii Properties (B) 242 1,457 155 — 242 1,612 1,854 (677) 6/15/2005 1991 248 91-252 Kauhi Kapolei HI Hawaii Properties (B) 536 — — — 536 — 536 — 6/15/2005 — 249 91-259 Olai Kapolei HI Hawaii Properties (B) 2,944 — — — 2,944 — 2,944 — 6/15/2005 — 250 91-238 Kauhi Kapolei HI Hawaii Properties (B) 1,390 — 9,495 — 1,390 9,495 10,885 (3,594) 6/15/2005 1981 251 91-416 Komohana Kapolei HI Hawaii Properties (B) 713 — 11 — 713 11 724 (5) 6/15/2005 — 252 91-410 Komohana Kapolei HI Hawaii Properties (B) 418 — 12 — 418 12 430 (6) 6/15/2005 — 253 91-300 Hanua Kapolei HI Hawaii Properties (B) 1,381 — 18 — 1,381 18 1,399 (2) 6/15/2005 1994 254 91-171 Olai Kapolei HI Hawaii Properties (B) 218 — 13 — 218 13 231 (7) 6/15/2005 — 255 91-210 Kauhi Kapolei HI Hawaii Properties (B) 567 — 663 — 567 663 1,230 (43) 6/15/2005 1990 256 91-110 Kaomi Loop Kapolei HI Hawaii Properties (B) 1,293 — — — 1,293 — 1,293 — 6/15/2005 — 257 91-102 Kaomi Loop Kapolei HI Hawaii Properties (B) 1,599 — — — 1,599 — 1,599 — 6/15/2005 — 258 91-064 Kaomi Loop Kapolei HI Hawaii Properties (B) 1,826 — — — 1,826 — 1,826 — 6/15/2005 — 259 91-119 Olai Kapolei HI Hawaii Properties (B) 1,981 — — — 1,981 — 1,981 — 6/15/2005 — 260 91-150 Kaomi Loop Kapolei HI Hawaii Properties (B) 3,159 — — — 3,159 — 3,159 — 6/15/2005 — 261 Texaco Easement Kapolei HI Hawaii Properties 2,657 — — — 2,657 — 2,657 — 6/15/2005 — 262 Tesaro 967 Easement Kapolei HI Hawaii Properties 6,593 — — — 6,593 — 6,593 — 6/15/2005 — INDUSTRIAL LOGISTICS PROPERTIES TRUST SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2022 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Property Type Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 263 AES HI Easement Kapolei HI Hawaii Properties 1,250 — — — 1,250 — 1,250 — 6/15/2005 — 264 Other Easements & Lots Kapolei HI Hawaii Properties 358 — 1,437 — 358 1,437 1,795 (682) 6/15/2005 — 265 889 Ahua Street Honolulu HI Hawaii Properties (A) 5,888 315 — — 5,888 315 6,203 (80) 11/21/2012 — 266 951 Trails Road Eldridge IA Mainland Properties (D) 470 7,480 2,278 — 470 9,758 10,228 (3,450) 4/2/2007 1994 267 2300 North 33rd Avenue East Newton IA Mainland Properties (B) 500 13,236 117 — 500 13,353 13,853 (4,802) 9/29/2008 2008 268 3425 Maple Drive Fort Dodge IA Mainland Properties (B) 100 2,000 — — 100 2,000 2,100 (213) 4/9/2019 2014 269 4401 112th Street Urbandale IA Mainland Properties (C) 800 3,117 — — 800 3,117 3,917 (132) 2/25/2022 1985 270 7121 South Fifth Avenue Pocatello ID Mainland Properties (B) 400 4,201 581 — 400 4,782 5,182 (896) 1/29/2015 2007 271 2580 Technology Drive Elgin IL Mainland Properties (B) 1,500 9,068 16 (3,053) 1,067 6,464 7,531 (164) 2/25/2022 2001 272 5795 Logistics Parkway Rockford IL Mainland Properties (B) 400 3,368 — (688) 327 2,753 3,080 (46) 2/25/2022 1998 273 1602 Vincent Drive Sauget IL Mainland Properties (C) 1,400 27,028 444 — 1,400 27,472 28,872 (676) 2/25/2022 2014 274 6 Konzen Court Granite City IL Mainland Properties (C) 900 20,268 15 — 900 20,283 21,183 (861) 2/25/2022 2001 275 1000 Knell Road Montgomery IL Mainland Properties (C) 2,101 19,258 — — 2,101 19,258 21,359 (655) 2/25/2022 2000 276 1430 South Wolf Road Wheeling IL Mainland Properties (C) 4,702 19,641 (1) — 4,701 19,641 24,342 (477) 2/25/2022 2003 277 1270 North Wi |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation. These consolidated financial statements include the accounts of us and our subsidiaries. All intercompany transactions and balances with or among our consolidated subsidiaries have been eliminated. |
Real Estate Properties | Real Estate Properties. We record properties at cost. Our real estate investments in lands are not depreciated. We calculate depreciation on other real estate investments on a straight line basis over estimated useful lives generally ranging from seven We recognize impairment losses on real estate investments when indicators of impairment are present and the estimated undiscounted cash flow from our real estate investments is less than the carrying amount of such real estate investments. Impairment indicators may include declining tenant occupancy, lack of progress releasing vacant space, tenant bankruptcies, low long term prospects for improvement in property performance, weak or declining tenant profitability, cash flow or liquidity, our decision to dispose of an asset before the end of its estimated useful life and legislative, market or industry changes that could permanently reduce the value of a property. We review our properties for impairment quarterly, or whenever events or changes in circumstances indicate that carrying amounts may not be recoverable. If indicators of impairment are present, we evaluate the carrying value of the related property by comparing it to the expected future undiscounted cash flows expected to be generated from that property. The future net undiscounted cash flows are subjective and are based in part on assumptions regarding hold periods, market rents and terminal capitalization rates. If the sum of these expected future undiscounted cash flows is less than the carrying value, we reduce the net carrying value of the property to its estimated fair value. The determination of undiscounted cash flow includes consideration of many factors including income to be earned from the investment, holding costs (exclusive of interest), estimated selling prices, and prevailing economic and market conditions. Certain of our industrial lands in Hawaii may require environmental remediation, especially if the use of those lands is changed; however, we do not have any present plans to change the use of those lands or to undertake this environmental cleanup. As of both December 31, 2022 and 2021, accrued environmental remediation costs of $6,940 were included in accounts payable and other liabilities in our consolidated balance sheets. These accrued environmental remediation costs relate to maintenance of our properties for current uses, and, because of the indeterminable timing of the remediation, these amounts have not been discounted to present value. In general, we do not have any insurance designated to limit any losses that we may incur as a result of known or unknown environmental conditions which are not caused by an insured event, such as, for example, fire or flood, although some of our tenants may maintain such insurance that may benefit us. Although we do not believe that there are environmental conditions at any of our properties that will have a material adverse effect on us, we cannot |
Capitalization Policy | Capitalization Policy. Costs directly related to the development of properties are capitalized. We capitalize development costs, including interest, real estate taxes, insurance, and other project costs, incurred during the period of development. Determinations of when a development project commences and capitalization begins, and when a development project is substantially complete and held available for occupancy and capitalization must cease, involve judgments. We begin the capitalization of costs during the pre-construction period, which we consider to begin when activities that are necessary to the development of the property commence. We consider a development project as substantially completed and held available for occupancy upon the completion of tenant improvements, but no later than one year from cessation of major construction activity. |
Cash and Cash Equivalents and Restricted Cash | Cash and Cash Equivalents. We consider highly liquid investments with original maturities of three months or less at the date of purchase to be cash equivalents. Restricted Cash. Restricted cash consists of amounts escrowed for future capital expenditures as required by certain of our mortgaged properties and cash held for the operations of our consolidated joint venture in which we own a 61% equity interest. |
Deferred Leasing Costs | Deferred Leasing Costs. Deferred leasing costs include capitalized brokerage costs and inducements associated with our entering leases. We amortize deferred leasing costs, which are included in depreciation and amortization expense, and inducements, which are included as a reduction to rental income, each on a straight line basis over the terms of the respective leases. Legal costs associated with the execution of our leases are expensed as incurred and included in general and administrative expenses in our consolidated statements of comprehensive income (loss). |
Debt Issuance Costs | Debt Issuance Costs. Debt issuance costs include capitalized issuance costs related to borrowings, which are amortized to interest expense over the terms of the respective loans. |
Derivative Instruments and Hedging Activities | Derivative Instruments and Hedging Activities. We account for our derivative instruments at fair value. Accounting for changes in the fair value of a derivative instrument depends on the intended use of the derivative instrument and the designation of the derivative instrument. The change in fair value of the effective portion of the derivative instrument that is not designated as a hedge or that does not meet the hedge accounting criteria is recorded as a gain or loss to operations. Partially Owned Entities. We consolidate entities in which we have a controlling financial interest. In determining whether we have a controlling financial interest in a partially owned entity and the requirement to consolidate the accounts of that entity, we consider (i) whether the entity is a variable interest entity, or VIE, in which we are the primary beneficiary or (ii) whether the entity is a voting interest entity in which we have a majority of the voting interests of the entity. We are deemed to be the primary beneficiary of a VIE when we have (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses or receive benefits that could potentially be significant to the VIE. We generally do not control a partially owned entity if the approval of all of the partners/members is contractually required with respect to decisions that most significantly impact the performance of the partially owned entity. This includes decisions regarding operating/capital budgets, and the placement of new or additional financing secured by the assets of the |
Equity Method Investments | Equity Method Investments. We own a 22% equity interest in an unconsolidated joint venture which owns 18 properties. The properties owned by the unconsolidated joint venture are encumbered by an aggr egate $503,980 o f mo |
Revenue Recognition | Revenue Recognition. We are a lessor of industrial and logistics properties. Our leases provide our tenants with the contractual right to use and economically benefit from all the physical space specified in their respective leases; therefore, we have determined to evaluate our leases as lease arrangements. Our leases provide for base rent payments and may also include variable payments. Rental income from operating leases, including any payments derived by index or market based indices, is recognized on a straight line basis over the lease term when we have determined that the collectability of substantially all the lease payments is probable. Some of our leases have options to extend or terminate the lease exercisable at the option of our tenants, which are considered when determining the lease term. Certain of our leases contain non-lease components, such as property level operating expenses and capital expenditures reimbursed by our tenants as well as other required lease payments. We have determined that all our leases qualify for the practical expedient to not separate the lease and non-lease components because (i) the lease components are operating leases and (ii) the timing and pattern of recognition of the non-lease components are the same as those of the lease components. We apply ASC 842, Leases , to the combined component. Income derived by our leases is recorded in rental income in our consolidated statements of comprehensive income (loss). Certain tenants are obligated to pay directly their obligations under their leases for insurance, real estate taxes and certain other expenses. These obligations, which have been assumed by the tenants under the terms of their respective leases, are not reflected in our consolidated financial statements. To the extent any tenant responsible for any such obligations under the applicable lease defaults on such lease or if it is deemed probable that the tenant will fail to pay for such obligations, we would record a liability for such obligations. |
Income Taxes | Income Taxes. We have elected to be taxed as a REIT under the United States Internal Revenue Code of 1986, as amended, and, accordingly, we generally are not, and will not be, subject to federal income taxes provided we distribute our taxable income and meet certain organization and operating requirements to qualify for taxation as a REIT. We are, however, subject to certain state and local taxes. |
Use of Estimates | Use of Estimates. Preparation of these financial statements in conformity with U.S. generally accepted accounting principles, or GAAP, requires us to make estimates and assumptions that may affect the amounts reported in these consolidated financial statements and related notes. |
Right of Use Asset and Lease Liability | Right of Use Asset and Lease Liability. In connection with our acquisition of MNR, we assumed the lease for MNR’s former corporate headquarters, which expires on December 31, 2029, or the MNR lease, and three of the properties we acquired as part of the MNR acquisition were subject to ground leases under which we are the lessee. For leases under which we are the lessee, we are required to record a right of use asset and lease liability for all leases with a term greater than 12 months. As of December 31, 2022, the values of the right of use asset and related liability representing our future obligations under the lease arrangements under which we are the lessee were $5,084 and $5,149, respectively. The right of use asset and related lease liability are included in other assets other liabilities Generally, payments of ground lease obligations are made by our tenants. However, if a tenant does not perform obligations under a ground lease or does not renew any ground lease, we may have to perform obligations under, or renew, the ground lease in order to protect our investment in the affected property. |
Cumulative Other Comprehensive Income (Loss) | Cumulative Other Comprehensive Income (Loss). Cumulative other comprehensive income (loss) represents our share of the cumulative comprehensive income and losses of our equity method investees. |
Net Income (Loss) Per Common Share | Net Income (Loss) Per Common Share. We calculate basic earnings per common share by dividing net income (loss) by the weighted average number of common shares outstanding during the period. We calculate diluted net income (loss) per share using the more dilutive of the two class method or the treasury stock method. Unvested share awards and other potentially dilutive common shares and the related impact on earnings are considered when calculating diluted earnings per share. |
Noncontrolling Interests | Noncontrolling Interests. Noncontrolling interests represent the share of our consolidated joint venture owned by a third party. We recognize the noncontrolling holder’s share of the estimated fair value of the net assets at the date of formation or acquisition. Noncontrolling interests are subsequently adjusted for the noncontrolling holder’s share of additional contributions, distributions and their share of the net earnings or losses of our consolidated joint venture. We allocate net income (loss) to noncontrolling interests based on ownership interest during the period. The net income (loss) that is not attributable to us is reflected in the line item net loss attributable to noncontrolling interest. We do not recognize a gain or loss on transactions with the consolidated entity in which we do not own 100% of the equity and recognize the difference between the carrying amount of the noncontrolling interest and the consideration paid or received as additional paid-in-capital. |
Segment Reporting | Segment Reporting. We operate in one business segment: ownership and leasing of properties that include industrial and logistics buildings and leased industrial lands. |
Reclassifications | Reclassifications. Reclassifications have been made to the prior years’ consolidated financial statements to conform to the current year’s presentations. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Schedule of acquired real estate leases and assumed real estate lease obligations | As of December 31, 2022 and 2021, our acquired real estate leases and assumed real estate lease obligations were as follows: December 31, 2022 2021 Acquired real estate leases: Capitalized above market lease values $ 31,313 $ 20,725 Less: accumulated amortization (15,598) (13,225) Capitalized above market lease values, net 15,715 7,500 Lease origination value 384,496 122,945 Less: accumulated amortization (102,766) (67,004) Lease origination value, net 281,730 55,941 Acquired real estate leases, net $ 297,445 $ 63,441 Assumed real estate lease obligations: Capitalized below market lease values $ 42,600 $ 33,674 Less: accumulated amortization (20,077) (21,239) Assumed real estate lease obligations, net $ 22,523 $ 12,435 |
Real Estate Investments (Tables
Real Estate Investments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Real Estate [Abstract] | |
Schedule of Purchase Price Allocation | The following table summarizes the purchase price allocation for the Merger: Land $ 430,818 Buildings 3,035,309 Acquired real estate leases (1) 294,576 Cash 8,814 Other assets, net 14,194 Securities available for sale (2) 146,550 Total assets 3,930,261 Mortgage notes payable, at fair value (323,432) Accounts payable and other liabilities (25,327) Assumed real estate lease obligations (17,829) Equity attributable to noncontrolling interest on the joint venture (3,827) Net assets acquired 3,559,846 Assumed working capital (144,230) Assumed mortgage notes payable, principal 323,432 Purchase price $ 3,739,048 (1) As of the date of acquisition, the weighted average amortization periods for the above market lease values, lease origination value and capitalized below market lease values were 11.1 years, 8.5 years and 7.8 years, respectively. We allocated the purchase price for this acquisition based on the estimated fair value of the acquired assets as follows: Purchase Buildings and Acquired Real Estate Price Land Improvements Leases $ 38,053 $ 3,818 $ 30,780 $ 3,455 Number Rentable Buildings Acquired Acquired of Square Purchase and Real Estate Real Estate Date Market Area Properties Feet Price Land Improvements Leases Lease Obligations May 2021 Dallas, TX 1 — $ 2,319 $ 2,319 $ — $ — $ — June 2021 Columbus, OH 1 357,504 31,762 1,491 27,407 2,864 — August 2021 Memphis, TN 3 1,287,004 100,649 5,922 87,600 7,192 (65) 5 1,644,508 $ 134,730 $ 9,732 $ 115,007 $ 10,056 $ (65) Number Rentable Buildings Acquired of Square Purchase and Real Estate Date Market Area Properties Feet Price Land Improvements Leases February 2020 Phoenix, AZ 1 820,384 $ 71,628 $ 11,214 $ 54,676 $ 5,738 December 2020 Kansas City, KS 1 645,462 44,185 5,740 32,701 5,744 2 1,465,846 $ 115,813 $ 16,954 $ 87,377 $ 11,482 |
Schedule of Property Dispositions | As a result, the results of operations of this property was included in continuing operations through the date of sale in our consolidated statements of comprehensive income (loss). Number of Square Gross Gain on Sale of Date of Sale Properties Location Feet Sale Price (1) Real Estate December 2020 1 Winchester, VA 308,217 $ 10,775 $ 581 (1) Gross sale price is the gross contract price, adjusted for purchase price adjustments, if any, and excluding closing costs. |
Schedule of Joint Venture Activities | As of December 31, 2022, we had equity investments in our joint ventures that consist of the following: ILPT Carrying Value ILPT of Investment Number of Square Joint Venture Presentation Ownership at December 31, 2022 Properties Location Feet Mountain Industrial REIT LLC Consolidated 61% N/A 94 Various 20,980,664 The Industrial Fund REIT LLC Unconsolidated 22% $ 124,358 18 Various 11,726,137 |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Leases [Abstract] | |
Schedule of Operating Lease Maturities | The following operating lease maturity analysis presents the future contractual lease payments to be received by us through 2064 as of December 31, 2022: Year Amount 2023 $ 342,082 2024 329,996 2025 307,225 2026 287,847 2027 266,822 Thereafter 1,833,081 $ 3,367,053 |
Indebtedness (Tables)
Indebtedness (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Debt Disclosure [Abstract] | |
Schedule of outstanding indebtedness | As of December 31, 2022 and 2021, our outstanding indebtedness consisted of the following: Net Book Value Principal Balance as of of Collateral December 31, December 31, Interest At December 31, Entity Type Secured By: 2022 (1) 2021 (1) Rate Maturity 2022 ILPT Revolving credit facility (2) Unsecured $ — $ 182,000 N/A N/A $ — ILPT Floating Rate - Interest only (3) 104 Properties 1,235,000 — 6.18% 10/09/24 1,071,815 ILPT Fixed Rate - Interest only 186 Properties 650,000 650,000 4.31% 02/07/29 490,416 ILPT Fixed Rate - Interest only 17 Properties 700,000 — 4.42% 03/09/32 518,806 Mountain JV (4) Floating Rate - Interest only (5) 82 Properties 1,400,000 — 6.17% 03/09/24 1,909,185 Mountain JV (4) Fixed Rate - Amortizing One Property 13,556 — 3.76% 10/01/28 63,314 Mountain JV (4) Fixed Rate - Amortizing One Property 4,865 — 3.77% 04/01/30 39,724 Mountain JV (4) Fixed Rate - Amortizing One Property 5,145 — 3.85% 04/01/30 39,724 Mountain JV (4) Fixed Rate - Amortizing One Property 14,392 — 3.56% 09/01/30 50,825 Mountain JV (4) Fixed Rate - Amortizing One Property 12,691 — 3.67% 05/01/31 30,800 Mountain JV (4) Fixed Rate - Amortizing One Property 14,144 — 4.14% 07/01/32 44,777 Mountain JV (4) Fixed Rate - Amortizing One Property 30,949 — 4.02% 10/01/33 87,143 Mountain JV (4) Fixed Rate - Amortizing One Property 43,219 — 4.13% 11/01/33 131,539 Mountain JV (4) Fixed Rate - Amortizing One Property 26,175 — 3.10% 06/01/35 47,718 Mountain JV (4) Fixed Rate - Amortizing One Property 42,087 — 2.95% 01/01/36 101,896 Mountain JV (4) Fixed Rate - Amortizing One Property 46,109 — 4.27% 11/01/37 113,063 Mountain JV (4) Fixed Rate - Amortizing One Property 52,031 — 3.25% 01/01/38 116,607 Total indebtedness 4,290,363 832,000 $ 4,857,352 Unamortized debt issuance costs (45,862) (3,876) Total indebtedness, net $ 4,244,501 $ 828,124 (1) The principal balances are the amounts stated in contracts. In accordance with GAAP, our carrying values and recorded interest expense may be different because of market conditions at the time we assumed certain of these debts. (2) In February 2022, we repaid the outstanding principal balance under our $750,000 unsecured revolving credit facility and then terminated the agreement governing the facility in accordance with its terms and without penalty. (3) This loan matures in October 2024, subject to three, one year extension options, and requires that interest be paid at an annual rate of SOFR plus a weighted average premium of 3.93%. We also purchased an interest rate cap through October 2024 with a SOFR strike rate equal to 2.25%. (4) Mountain JV is Mountain Industrial REIT LLC, our consolidated joint venture, in which we own a 61% equity interest . For more information regarding this joint venture, see Notes 2, 3, 6, 9, 10 and 11. (5) This loan matures in March 2024, subject to three, one year extension options, and requires that interest be paid at an annual rate of SOFR plus a premium of 2.77%. We also purchased an interest rate cap through March 2024 with a SOFR strike rate equal to 3.40%. The following table provides a summary of the mortgage debts of the unconsolidated joint venture: Principal Balance Interest at December 31, Joint Venture (Unconsolidated) Rate Maturity Date 2022 (1) Mortgage notes payable (secured by one property in Florida) 3.60% (2) 10/1/2023 $ 56,980 Mortgage notes payable (secured by 11 other properties in eight states) 3.33% (2) 11/7/2029 350,000 Mortgage notes payable (secured by 5 properties in four states) 5.30% 10/1/2027 97,000 Weighted average/total 3.74% (2) $ 503,980 (1) Amounts are not adjusted for our minority interest; none of the debt is recourse to us. (2) Includes the effect of mark to market purchase accounting. |
Schedule of the principal payments due under the outstanding debt | The required principal payments due during the next five years and thereafter under all our outstanding debt as of December 31, 2022 are as follows: Principal Year Payment 2023 $ 22,428 2024 2,658,268 2025 24,141 2026 25,047 2027 25,988 Thereafter 1,534,491 $ 4,290,363 (1) (1) Total debt outstanding as of December 31, 2022, including unamortized debt issuance costs of $45,862, was $4,244,501. |
Fair Value of Assets and Liab_2
Fair Value of Assets and Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Fair Value Disclosures [Abstract] | |
Schedule of carrying value and the estimated fair market value of mortgage notes payable | At December 31, 2022 and 2021, the fair value of our financial instruments approximated their carrying values in our consolidated financial statements, due to their short term nature or floating interest rates, except as follows: At December 31, 2022 At December 31, 2021 Carrying Estimated Carrying Estimated Value (1) Fair Value Value (1) Fair Value Fixed rate loan, 3.76% interest rate, due in 2028 $ 13,556 $ 12,784 $ — $ — Fixed rate loan, 4.31% interest rate, due in 2029 646,669 592,295 646,124 709,198 Fixed rate loan, 3.77% interest rate, due in 2030 4,865 4,553 — — Fixed rate loan, 3.85% interest rate, due in 2030 5,145 4,829 — — Fixed rate loan, 3.56% interest rate, due in 2030 14,392 13,315 — — Fixed rate loan, 3.67% interest rate, due in 2031 12,691 11,713 — — Fixed rate loan, 4.42% interest rate, due in 2032 694,704 623,133 — — Fixed rate loan, 4.14% interest rate, due in 2032 14,144 13,182 — — Fixed rate loan, 4.02% interest rate, due in 2033 30,949 28,195 — — Fixed rate loan, 4.13% interest rate, due in 2033 43,219 39,573 — — Fixed rate loan, 3.10% interest rate, due in 2035 26,175 22,373 — — Fixed rate loan, 2.95% interest rate, due in 2036 42,087 35,444 — — Fixed rate loan, 4.27% interest rate, due in 2037 46,109 41,880 — — Fixed rate loan, 3.25% interest rate, due in 2038 52,031 43,878 — — $ 1,646,736 $ 1,487,147 $ 646,124 $ 709,198 (1) Includes unamortized debt issuance costs, premiums and discounts of $8,627 and $3,876 as of December 31, 2022 and 2021, respectively. |
Fair value measurements on a nonrecurring basis | The table below presents certain of our assets measured on a recurring and non-recurring basis at fair value at December 31, 2022 and 2021, categorized by the level of inputs as defined in the fair value hierarchy under GAAP, used in the valuation of each asset: Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) At December 31, 2022 Recurring fair value measurements Investment in unconsolidated joint venture (1) $ 124,358 $ — $ — $ 124,358 Interest rate cap derivatives (2) $ 73,133 $ — $ 73,133 $ — Non-recurring fair value measurements Real estate properties (3) $ 555,123 $ — $ — $ 555,123 At December 31, 2021 Recurring fair value measurements Investment in unconsolidated joint venture (1) $ 143,021 $ — $ — $ 143,021 (1) We own a 22% equity interest in a joint venture that owns 18 properties and is included in investment in unconsolidated joint venture in our consolidated balance sheet, and is reported at fair value, which is based on significant unobservable inputs (Level 3 inputs). The significant unobservable inputs used in the fair value are discount rates of between 5.25% and 7.00%, exit capitalization rates of between 4.75% and 6.00%, direct capitalization rates of between 5.25% and 7.00%, holding periods of approximately 10 years and market rents. Our assumptions are based on the location, type and nature of each property, and current and anticipated market conditions, which are derived from appraisers, industry publications and our experience. See Notes 2, 3, 5, 9, 10 and 11 for more information regarding our joint ventures. (2) Our derivative assets are carried at fair value as required by GAAP. The estimated fair values of the derivative assets are based on current market prices in secondary markets for similar derivative contracts, (Level 2 inputs). See Notes 5 and 11 for more information regarding our derivatives and hedging activities. (3) We recorded a loss on impairment of real estate of $100,747 to reduce the carrying value of 25 properties in our consolidated balance sheet to their estimated fair value, based on third party offers (Level 3 inputs as defined in the fair value hierarchy under GAAP), due to a change in plans to sell and the reclassification of those properties from held for sale to held and used. See Notes 2 and 3 for more information regarding our investing and financing activities, including our acquisition of MNR. |
Shareholders' Equity (Tables)
Shareholders' Equity (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Share-Based Payment Arrangement [Abstract] | |
Summary of shares granted and vested | A summary of shares awarded, vested and forfeited under the terms of the 2018 Plan for the years ended December 31, 2022, 2021 and 2020 is as follows: Year Ended December 31, 2022 December 31, 2021 December 31, 2020 Weighted Weighted Weighted Average Average Average Number Grant Date Number Grant Date Number Grant Date of Shares Fair Value of Shares Fair Value of Shares Fair Value Unvested at beginning of year 192,380 $ 24.15 162,200 $ 22.37 108,200 $ 22.08 Granted 197,800 7.85 139,800 25.93 139,100 22.01 Vested (127,480) 17.44 (108,920) 23.78 (84,520) 21.41 Forfeited (1,900) 24.55 (700) 22.24 (580) 22.20 Unvested at end of year 260,800 $ 15.07 192,380 $ 24.15 162,200 $ 22.37 |
Summary of distributions paid on common shares | During the years ended December 31, 2022, 2021 and 2020, we paid distributions on our common shares as follows: Annual Per Characterization of Distribution Share Total Return of Ordinary Capital Year Distribution Distribution Capital Income Gain 2022 $ 0.68 $44,477 89.7 % 9.6 % 0.7 % 2021 $ 1.32 $86,236 — % 93.2 % 6.8 % 2020 $ 1.32 $86,089 — % 71.0 % 29.0 % |
Per Common Shares Amounts (Tabl
Per Common Shares Amounts (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Weighted Average Number of Shares Outstanding Reconciliation [Abstract] | |
Schedule of weighted average common shares, basic and diluted | The calculation of basic and diluted earnings per share is as follows: Year Ended December 31, 2022 2021 2020 Numerators: Net (loss) income attributable to common shareholders $ (226,723) $ 119,682 $ 82,071 Loss attributable to unvested participating securities (131) (307) (154) Net (loss) income attributable to common shareholders used in calculating earnings per share $ (226,854) $ 119,375 $ 81,917 Denominators: Weighted average common shares for basic earnings per share 65,248 65,169 65,104 Effect of dilutive securities: unvested share awards — 42 10 Weighted average common shares for diluted earnings per share 65,248 65,211 65,114 Net (loss) income attributable to common shareholders per common share - basic and diluted $ (3.47) $ 1.83 $ 1.26 |
Derivatives and Hedging Activ_2
Derivatives and Hedging Activities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Summary of interest rate swap derivatives | The following table summarizes the terms of our outstanding interest rate cap agreements designated as cash flow hedges of interest rate risk as of December 31, 2022: Interest Rate Derivative Balance Sheet Line Item Underlying Instrument Number of Instruments Strike Rate Notional Amount Fair Value at December 31, 2022 Interest Rate Cap Other assets Floating Rate Loan (1) 1 3.40% $ 1,400,000 $ 23,337 Interest Rate Cap Other assets ILPT Floating Rate Loan 2 2.25% $ 1,235,000 $ 49,796 (1) The Floating Rate Loan was entered into by our consolidated joint venture. |
Schedule of effects on consolidated statements of income and comprehensive income | Year Ended December 31, 2022 Amount of gain recognized in cumulative other comprehensive income (loss) $ 34,825 Amount reclassified from cumulative other comprehensive income (loss) into interest expense 2,330 Amount reclassified from cumulative other comprehensive income (loss) into loss on early extinguishment of debt (6,961) Unrealized gain on derivative instrument recognized in cumulative other comprehensive income $ 30,194 |
Organization (Details)
Organization (Details) | Dec. 31, 2022 ft² property state building | Feb. 25, 2022 |
Subsidiary, Sale of Stock [Line Items] | ||
Number of properties owned | property | 413 | |
Rentable square feet (in sqft) | 59,983,000 | |
12 Mainland Properties | ||
Subsidiary, Sale of Stock [Line Items] | ||
Rentable square feet (in sqft) | 11,726,000 | |
Number of states where real estate is located | state | 12 | |
Ownership interest | 22% | |
Number of properties contributed | property | 18 | |
Consolidated Entity, Excluding Consolidated VIE | Mountain Industrial REIT LLC | ||
Subsidiary, Sale of Stock [Line Items] | ||
Number of properties owned | property | 94 | |
Rentable square feet (in sqft) | 20,980,664 | |
Ownership interest | 61% | 61% |
Hawaii | ||
Subsidiary, Sale of Stock [Line Items] | ||
Rentable square feet (in sqft) | 16,729,000 | |
Number of buildings, leasable lands and easements owned | building | 226 | |
Mainland Properties | ||
Subsidiary, Sale of Stock [Line Items] | ||
Number of properties owned | property | 187 | |
Rentable square feet (in sqft) | 43,254,000 | |
Number of states where real estate is located | state | 38 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies - Basis of Presentation (Details) - property | 1 Months Ended | 12 Months Ended | |
Feb. 25, 2022 | Jul. 31, 2022 | Dec. 31, 2022 | |
Consolidated Entity, Excluding Consolidated VIE | Mountain Industrial REIT LLC | |||
Variable Interest Entity [Line Items] | |||
Ownership interest | 61% | 61% | |
Monmouth Real Estate Investment Corporation | |||
Variable Interest Entity [Line Items] | |||
Number of properties | 95 | 1 | 94 |
Number of properties acquired but aren't yet completed | 2 | 2 |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies - Real Estate Properties (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Property, Plant and Equipment [Line Items] | |||
2023 | $ 52,698 | ||
2024 | 43,248 | ||
2025 | 34,950 | ||
2026 | 28,506 | ||
2027 | 25,962 | ||
Thereafter | 89,558 | ||
Accrued environmental remediation cost | $ 6,940 | $ 6,940 | |
Minimum | |||
Property, Plant and Equipment [Line Items] | |||
Estimated useful lives (in years) | 7 years | ||
Maximum | |||
Property, Plant and Equipment [Line Items] | |||
Estimated useful lives (in years) | 40 years | ||
Increases in rental income | $ 4,544 | 781 | $ 791 |
Amortization of the value of acquired in place leases | $ 53,113 | $ 17,437 | $ 25,364 |
Weighted Average | |||
Property, Plant and Equipment [Line Items] | |||
Amortization period of capitalized below market lease values (in years) | 7 years 2 months 12 days | ||
Above market lease | Weighted Average | |||
Property, Plant and Equipment [Line Items] | |||
Amortization periods for capitalized above market lease and lease origination values (in years) | 9 years 4 months 24 days | ||
Acquired Real Estate Leases | Weighted Average | |||
Property, Plant and Equipment [Line Items] | |||
Amortization periods for capitalized above market lease and lease origination values (in years) | 7 years 9 months 18 days |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies - Summary of Acquired Real Estate Leases and Assumed Real Estate Lease Obligations (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Acquired real estate leases: | ||
Acquired real estate leases, net | $ 297,445 | $ 63,441 |
Assumed real estate lease obligations: | ||
Capitalized below market lease values | 42,600 | 33,674 |
Less: accumulated amortization | (20,077) | (21,239) |
Assumed real estate lease obligations, net | 22,523 | 12,435 |
Above market lease | ||
Acquired real estate leases: | ||
Acquired real estate leases, gross | 31,313 | 20,725 |
Less: accumulated amortization | (15,598) | (13,225) |
Acquired real estate leases, net | 15,715 | 7,500 |
Acquired Real Estate Leases | ||
Acquired real estate leases: | ||
Acquired real estate leases, gross | 384,496 | 122,945 |
Less: accumulated amortization | (102,766) | (67,004) |
Acquired real estate leases, net | $ 281,730 | $ 55,941 |
Summary of Significant Accoun_7
Summary of Significant Accounting Policies - Deferred Leasing Costs (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Accounting Policies [Abstract] | ||
Deferred leasing costs | $ 22,371 | $ 12,918 |
Accumulated amortization of deferred leasing costs | 4,366 | $ 4,035 |
Future amortization of deferred leasing costs to be recognized during the current terms of the existing leases | ||
2023 | 2,199 | |
2024 | 2,156 | |
2025 | 1,926 | |
2026 | 1,786 | |
2027 | 1,723 | |
Thereafter | $ 8,215 |
Summary of Significant Accoun_8
Summary of Significant Accounting Policies - Debt Issuance Costs and Other Narrative Items (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 USD ($) property segment | Feb. 25, 2022 property | Dec. 31, 2021 USD ($) | |
Debt Instrument [Line Items] | |||
Debt issuance costs, line of credit | $ 6,711 | ||
Debt issuance costs, accumulated amortization | 5,907 | ||
Future amortization expense of debt issuance costs, 2023 | $ 27,233 | ||
Future amortization expense of debt issuance costs, 2024 | 12,245 | ||
Future amortization expense of debt issuance costs, 2025 | 1,122 | ||
Future amortization expense of debt issuance costs, 2026 | 1,122 | ||
Future amortization expense of debt issuance costs, 2027 | 1,122 | ||
Future amortization expense of debt issuance costs, Thereafter | 3,019 | ||
Mortgage indebtedness | 503,980 | ||
Right of use asset | 5,084 | ||
Lease liability | $ 5,149 | ||
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Other assets, net | ||
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] | Accounts Payable and Accrued Liabilities | ||
Number of business segments | segment | 1 | ||
Monmouth Real Estate Investment Corporation | |||
Debt Instrument [Line Items] | |||
Rent expense, net of sublease revenue | $ 231 | ||
Monmouth Real Estate Investment Corporation | |||
Debt Instrument [Line Items] | |||
Properties subject to ground leases | property | 3 | ||
12 Mainland Properties | |||
Debt Instrument [Line Items] | |||
Ownership interest | 22% | ||
Number of properties contributed | property | 18 | ||
Mountain Industrial REIT LLC | Consolidated Entity, Excluding Consolidated VIE | |||
Debt Instrument [Line Items] | |||
Ownership interest | 61% | 61% | |
Loans Payable | Mortgage Loan 2019 | |||
Debt Instrument [Line Items] | |||
Debt issuance cost, mortgage loan | $ 45,862 | $ 3,876 |
Real Estate Investments - Narra
Real Estate Investments - Narrative (Details) | 1 Months Ended | 2 Months Ended | 11 Months Ended | 12 Months Ended | |||||||
Feb. 25, 2022 USD ($) ft² state property option $ / shares | Jul. 31, 2022 USD ($) ft² property | Mar. 31, 2022 | Sep. 30, 2021 USD ($) | Feb. 25, 2022 USD ($) ft² property $ / shares | Nov. 30, 2020 | Dec. 31, 2022 USD ($) ft² property state $ / shares | Dec. 31, 2021 USD ($) ft² property option state $ / shares | Dec. 31, 2020 USD ($) ft² property | Sep. 22, 2022 USD ($) | Oct. 31, 2020 property | |
Real Estate Properties | |||||||||||
Number of properties owned | property | 413 | ||||||||||
Rentable square feet (in sqft) | ft² | 59,983,000 | ||||||||||
Capital expenditures incurred | $ 30,331,000 | $ 10,211,000 | |||||||||
Commitments related to tenant improvements and leasing costs | $ 20,334,000 | ||||||||||
Tenant improvements (in sqft) | ft² | 7,580,000 | ||||||||||
Committed but unspent tenant related obligations | $ 25,547,000 | ||||||||||
Committed but unspent tenant related obligations expected to be spent in the next 12 months | $ 9,706,000 | ||||||||||
Common stock, par value per share (in usd per share) | $ / shares | $ 0.01 | $ 0.01 | |||||||||
Number of states where acquired properties are located | state | 27 | ||||||||||
Debt outstanding | $ 4,244,501,000 | $ 828,124,000 | |||||||||
Acquisition and other transaction related costs | 586,000 | 1,132,000 | $ 19,580,000 | ||||||||
Net loss attributable to noncontrolling interest | 60,118,000 | 0 | 866,000 | ||||||||
Equity in earnings of unconsolidated joint venture | 7,078,000 | 40,918,000 | 529,000 | ||||||||
Proceeds from noncontrolling interest, net | $ 589,411,000 | $ 0 | $ 107,942,000 | ||||||||
Monmouth Real Estate Investment Corporation | |||||||||||
Real Estate Properties | |||||||||||
Noncontrolling interest, ownership percentage by noncontrolling owners | 39% | ||||||||||
Monmouth Real Estate Investment Corporation | Other Joint Venture Investor | |||||||||||
Real Estate Properties | |||||||||||
Cash distributions | $ 1,365,000 | ||||||||||
Joint venture, total assets | 3,100,448,000 | ||||||||||
Joint venture, liabilities | $ 1,725,397,000 | ||||||||||
Mountain Industrial REIT LLC | |||||||||||
Real Estate Properties | |||||||||||
Noncontrolling interest, ownership percentage by noncontrolling owners | 39% | 39% | |||||||||
Mountain Industrial REIT LLC | Co-venturer | |||||||||||
Real Estate Properties | |||||||||||
Noncontrolling interest, ownership percentage by noncontrolling owners | 39% | 39% | |||||||||
Noncontrolling interest in joint ventures | $ 589,411,000 | $ 589,411,000 | |||||||||
Monmouth Real Estate Investment Corporation | |||||||||||
Real Estate Properties | |||||||||||
Assumed mortgage notes payable, principal | 323,432,000 | ||||||||||
Repayments of debt | $ 885,269,000 | ||||||||||
Number of properties acquired but aren't yet completed | property | 2 | 2 | 2 | ||||||||
Purchase price of properties acquired but not yet completed | $ 78,843,000 | ||||||||||
Number of properties | property | 95 | 1 | 94 | ||||||||
Purchase price | $ 3,739,048,000 | ||||||||||
Net loss attributable to noncontrolling interest | $ 60,067,000 | ||||||||||
Monmouth Real Estate Investment Corporation | Common shares | |||||||||||
Real Estate Properties | |||||||||||
Right to receive cash (in dollars per share) | $ / shares | $ 21 | $ 21 | |||||||||
Monmouth Real Estate Investment Corporation | Series C Cumulative Redeemable Preferred Stock, 6.125% | |||||||||||
Real Estate Properties | |||||||||||
Preferred stock dividend rate | 6.125% | ||||||||||
Preferred stock par value per share (in dollars per share) | $ / shares | $ 0.01 | 0.01 | |||||||||
Right to receive cash plus accumulated and unpaid dividends (in dollars per share) | $ / shares | $ 25 | $ 25 | |||||||||
Monmouth Real Estate Investment Corporation | Monmouth Real Estate Investment Corporation | |||||||||||
Real Estate Properties | |||||||||||
Rentable square feet (in sqft) | ft² | 25,745,000,000 | 25,745,000,000 | |||||||||
Number of real estate properties | property | 124 | 124 | |||||||||
Monmouth Real Estate Investment Corporation | Monmouth Real Estate Investment Corporation | Common shares | |||||||||||
Real Estate Properties | |||||||||||
Common stock, par value per share (in usd per share) | $ / shares | $ 0.01 | $ 0.01 | |||||||||
Revolving Credit Facility | |||||||||||
Real Estate Properties | |||||||||||
Number of options to extend maturity date | option | 1 | ||||||||||
Extension period | 6 months | ||||||||||
Interest rate during period (as a percent) | 1.41% | 1.44% | 2.36% | ||||||||
Maximum borrowing capacity of revolving credit facility | $ 750,000,000 | $ 750,000,000 | $ 750,000,000 | ||||||||
Floating Rate Loan | |||||||||||
Real Estate Properties | |||||||||||
Number of properties used as collateral | property | 82 | ||||||||||
Debt outstanding | $ 14,000 | 14,000 | |||||||||
Number of options to extend maturity date | option | 3 | ||||||||||
Extension period | 1 year | ||||||||||
Floating Rate Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | |||||||||||
Real Estate Properties | |||||||||||
Basis spread on variable rate (as a percent) | 2.25% | 3.40% | |||||||||
Floating Rate Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Fixed Rate Loan, 5.62 % Due 2024 | |||||||||||
Real Estate Properties | |||||||||||
Basis spread on variable rate (as a percent) | 2.77% | ||||||||||
Bridge Loan Facility | |||||||||||
Real Estate Properties | |||||||||||
Number of properties used as collateral | property | 109 | ||||||||||
Debt outstanding | $ 1,385,158,000 | 1,385,158,000 | $ 1,235,000,000 | ||||||||
Interest rate during period (as a percent) | 2.92% | ||||||||||
Bridge Loan Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | |||||||||||
Real Estate Properties | |||||||||||
Basis spread on variable rate (as a percent) | 1.75% | ||||||||||
Fixed Rate Loan | |||||||||||
Real Estate Properties | |||||||||||
Number of properties used as collateral | property | 17 | ||||||||||
Debt outstanding | $ 700,000,000 | $ 700,000,000 | |||||||||
Interest rate during period (as a percent) | 4.42% | ||||||||||
2021 Acquisitions | |||||||||||
Real Estate Properties | |||||||||||
Rentable square feet (in sqft) | ft² | 1,644,508 | ||||||||||
Number of properties | property | 5 | ||||||||||
Purchase price | $ 134,730,000 | ||||||||||
Real estate, acquisition costs | $ 1,030,000 | ||||||||||
2021 Acquisitions | Land | |||||||||||
Real Estate Properties | |||||||||||
Number of properties | property | 1 | ||||||||||
2021 Acquisitions | Office and Industrial Properties | |||||||||||
Real Estate Properties | |||||||||||
Number of properties | property | 4 | ||||||||||
2020 Acquisitions | |||||||||||
Real Estate Properties | |||||||||||
Number of properties | property | 2 | ||||||||||
2020 Acquisitions | Office and Industrial Properties | |||||||||||
Real Estate Properties | |||||||||||
Rentable square feet (in sqft) | ft² | 1,465,846 | ||||||||||
Number of properties | property | 2 | ||||||||||
Purchase price | $ 115,813,000 | ||||||||||
Real estate, acquisition costs | $ 332,000 | ||||||||||
Affiliated Entity | |||||||||||
Real Estate Properties | |||||||||||
Assumed mortgage notes payable, principal | 3,739,048,000 | ||||||||||
Affiliated Entity | Monmouth Real Estate Investment Corporation | |||||||||||
Real Estate Properties | |||||||||||
Assumed mortgage notes payable, principal | $ 323,432,000 | ||||||||||
Number of properties used as collateral | property | 11 | ||||||||||
Rock Hill, SC | Land | Disposal Group, Disposed of by Sale, Not Discontinued Operations | |||||||||||
Real Estate Properties | |||||||||||
Gross sales price | $ 1,400,000 | ||||||||||
Gain on sale of real estate | $ 940,000 | ||||||||||
Augusta, Georgia | Monmouth Real Estate Investment Corporation | |||||||||||
Real Estate Properties | |||||||||||
Purchase price | $ 38,053,000 | ||||||||||
Augusta, Georgia | Consolidated Entity, Excluding Consolidated VIE | Monmouth Real Estate Investment Corporation | |||||||||||
Real Estate Properties | |||||||||||
Rentable square feet (in sqft) | ft² | 226,000,000 | ||||||||||
Purchase price | $ 38,053,000 | ||||||||||
Acquisition and other transaction related costs | $ 53,000 | ||||||||||
Percent of property leased | 100% | ||||||||||
Remaining lease contractual term | 14 years 10 months 24 days | ||||||||||
Winchester, VA | Disposal Group, Disposed of by Sale, Not Discontinued Operations | 2020 Dispositions | |||||||||||
Real Estate Properties | |||||||||||
Rentable square feet (in sqft) | ft² | 308,217 | ||||||||||
Gross sales price | $ 10,775,000 | ||||||||||
Gain on sale of real estate | $ 581,000 | ||||||||||
Number of properties | property | 1 | ||||||||||
Somerset, New Jersey | Mountain Industrial REIT LLC | |||||||||||
Real Estate Properties | |||||||||||
Number of properties | property | 1 | ||||||||||
Net loss attributable to noncontrolling interest | $ 51,000 | ||||||||||
Somerset, New Jersey | Mountain Industrial REIT LLC | Unrelated Third Party | |||||||||||
Real Estate Properties | |||||||||||
Noncontrolling interest, ownership percentage by noncontrolling owners | 33% | 33% | |||||||||
12 Mainland Properties | |||||||||||
Real Estate Properties | |||||||||||
Rentable square feet (in sqft) | ft² | 11,726,000 | ||||||||||
Ownership interest | 22% | ||||||||||
Number of properties contributed | property | 18 | ||||||||||
Number of states where real estate is located | state | 12 | ||||||||||
Percentage leased | 100% | ||||||||||
Cash distributions | $ 14,049,000 | ||||||||||
Number of properties contributed | property | 18 | 18 | |||||||||
Ownership percentage sold | 39% | ||||||||||
Ownership interest | 22% | 61% | |||||||||
12 Mainland Properties | Variable Interest Entity, Primary Beneficiary | |||||||||||
Real Estate Properties | |||||||||||
Net loss attributable to noncontrolling interest | $ 866,000 | ||||||||||
Proceeds from noncontrolling interest, net | 8,570,000 | ||||||||||
12 Mainland Properties | Variable Interest Entity, Primary Beneficiary | First Joint Investor | |||||||||||
Real Estate Properties | |||||||||||
Proceeds from noncontrolling interest, net | $ 5,479,000 | ||||||||||
Mountain Industrial REIT LLC | Consolidated Entity, Excluding Consolidated VIE | |||||||||||
Real Estate Properties | |||||||||||
Number of properties owned | property | 94 | ||||||||||
Rentable square feet (in sqft) | ft² | 20,980,664 | ||||||||||
Ownership interest | 61% | 61% | 61% | ||||||||
Number of properties contributed | property | 94 | ||||||||||
Mountain Industrial REIT LLC | Somerset, New Jersey | |||||||||||
Real Estate Properties | |||||||||||
Ownership interest | 67% | 67% | |||||||||
The Industrial Fund REIT LLC | |||||||||||
Real Estate Properties | |||||||||||
Ownership interest | 22% | 22% | |||||||||
Number of states where real estate is located | state | 12 | 12 | |||||||||
Cash distributions | $ 25,742,000 | $ 2,640,000 | |||||||||
Number of properties contributed | property | 18 | 18 |
Real Estate Investments - Purch
Real Estate Investments - Purchase Price Allocation (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Feb. 25, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Asset Acquisition [Line Items] | ||||
Proceeds from sale of marketable securities | $ 140,792 | $ 0 | $ 0 | |
Loss on equity securities | 5,758 | $ 0 | $ 0 | |
Monmouth Real Estate Investment Corporation | ||||
Asset Acquisition [Line Items] | ||||
Land | $ 430,818 | |||
Buildings | 3,035,309 | |||
Acquired real estate leases | 294,576 | |||
Cash | 8,814 | |||
Other assets, net | 14,194 | |||
Securities available for sale | 146,550 | |||
Total assets | 3,930,261 | |||
Mortgage notes payable, at fair value | (323,432) | |||
Accounts payable and other liabilities | (25,327) | |||
Assumed real estate lease obligations | (17,829) | |||
Equity attributable to noncontrolling interest on the joint venture | (3,827) | |||
Net assets acquired | 3,559,846 | |||
Assumed working capital | (144,230) | |||
Assumed mortgage notes payable, principal | 323,432 | |||
Purchase price | $ 3,739,048 | |||
Cost of marketable securities sold | 146,550 | |||
Proceeds from sale of marketable securities | $ 140,792 | |||
Above market lease | Monmouth Real Estate Investment Corporation | ||||
Asset Acquisition [Line Items] | ||||
Weighted average useful life | 11 years 1 month 6 days | |||
Acquired Real Estate Leases | Monmouth Real Estate Investment Corporation | ||||
Asset Acquisition [Line Items] | ||||
Weighted average useful life | 8 years 6 months | |||
Capitalized Below Market Lease | Monmouth Real Estate Investment Corporation | ||||
Asset Acquisition [Line Items] | ||||
Weighted average useful life | 7 years 9 months 18 days |
Real Estate Investments - Prope
Real Estate Investments - Property Acquisitions (Details) $ in Thousands | 1 Months Ended | 12 Months Ended | |||
Feb. 25, 2022 property | Jul. 31, 2022 USD ($) property | Dec. 31, 2022 USD ($) ft² property | Dec. 31, 2021 USD ($) ft² property | Dec. 31, 2020 USD ($) ft² property | |
Real Estate [Line Items] | |||||
Land | $ 1,117,779 | $ 699,037 | |||
Buildings and Improvements | 4,058,329 | 1,049,796 | |||
Acquired Real Estate Leases | 297,445 | 63,441 | |||
Acquired Real Estate Lease Obligations | $ (22,523) | (12,435) | |||
Rentable square feet (in sqft) | ft² | 59,983,000 | ||||
Monmouth Real Estate Investment Corporation | |||||
Real Estate [Line Items] | |||||
Number of Properties | property | 95 | 1 | 94 | ||
2021 Acquisitions | |||||
Real Estate [Line Items] | |||||
Purchase Price | 134,730 | ||||
Land | 9,732 | ||||
Buildings and Improvements | 115,007 | ||||
Acquired Real Estate Leases | 10,056 | ||||
Acquired Real Estate Lease Obligations | $ (65) | ||||
Number of Properties | property | 5 | ||||
Rentable square feet (in sqft) | ft² | 1,644,508 | ||||
2020 Acquisitions | |||||
Real Estate [Line Items] | |||||
Number of Properties | property | 2 | ||||
Office and Industrial Properties | 2021 Acquisitions | |||||
Real Estate [Line Items] | |||||
Number of Properties | property | 4 | ||||
Office and Industrial Properties | 2020 Acquisitions | |||||
Real Estate [Line Items] | |||||
Purchase Price | $ 115,813 | ||||
Land | 16,954 | ||||
Buildings and Improvements | 87,377 | ||||
Acquired Real Estate Leases | $ 11,482 | ||||
Number of Properties | property | 2 | ||||
Rentable square feet (in sqft) | ft² | 1,465,846 | ||||
Land | 2021 Acquisitions | |||||
Real Estate [Line Items] | |||||
Number of Properties | property | 1 | ||||
Augusta, Georgia | Monmouth Real Estate Investment Corporation | |||||
Real Estate [Line Items] | |||||
Purchase Price | $ 38,053 | ||||
Land | 3,818 | ||||
Buildings and Improvements | 30,780 | ||||
Acquired Real Estate Leases | $ 3,455 | ||||
Dallas, Texas | 2021 Acquisitions | |||||
Real Estate [Line Items] | |||||
Purchase Price | $ 2,319 | ||||
Land | 2,319 | ||||
Buildings and Improvements | 0 | ||||
Acquired Real Estate Leases | 0 | ||||
Acquired Real Estate Lease Obligations | $ 0 | ||||
Number of Properties | property | 1 | ||||
Rentable square feet (in sqft) | ft² | 0 | ||||
Columbus, Ohio | Office and Industrial Properties | 2021 Acquisitions | |||||
Real Estate [Line Items] | |||||
Purchase Price | $ 31,762 | ||||
Land | 1,491 | ||||
Buildings and Improvements | 27,407 | ||||
Acquired Real Estate Leases | 2,864 | ||||
Acquired Real Estate Lease Obligations | $ 0 | ||||
Number of Properties | property | 1 | ||||
Rentable square feet (in sqft) | ft² | 357,504 | ||||
Memphis, Tennessee | Office and Industrial Properties | 2021 Acquisitions | |||||
Real Estate [Line Items] | |||||
Purchase Price | $ 100,649 | ||||
Land | 5,922 | ||||
Buildings and Improvements | 87,600 | ||||
Acquired Real Estate Leases | 7,192 | ||||
Acquired Real Estate Lease Obligations | $ (65) | ||||
Number of Properties | property | 3 | ||||
Rentable square feet (in sqft) | ft² | 1,287,004 | ||||
Phoenix, AZ | Office and Industrial Properties | 2020 Acquisitions | |||||
Real Estate [Line Items] | |||||
Purchase Price | $ 71,628 | ||||
Land | 11,214 | ||||
Buildings and Improvements | 54,676 | ||||
Acquired Real Estate Leases | $ 5,738 | ||||
Number of Properties | property | 1 | ||||
Rentable square feet (in sqft) | ft² | 820,384 | ||||
Kansas City, KS | Office and Industrial Properties | 2020 Acquisitions | |||||
Real Estate [Line Items] | |||||
Purchase Price | $ 44,185 | ||||
Land | 5,740 | ||||
Buildings and Improvements | 32,701 | ||||
Acquired Real Estate Leases | $ 5,744 | ||||
Number of Properties | property | 1 | ||||
Rentable square feet (in sqft) | ft² | 645,462 |
Real Estate Investments - Pro_2
Real Estate Investments - Property Dispositions (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 USD ($) ft² property | Dec. 31, 2022 ft² | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||
Square feet (in sqft) | ft² | 59,983,000 | |
Disposal Group, Disposed of by Sale, Not Discontinued Operations | 2020 Dispositions | Winchester, VA | ||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||
Number of properties | property | 1 | |
Square feet (in sqft) | ft² | 308,217 | |
Gross sales price | $ | $ 10,775 | |
Gain on sale of real estate | $ | $ 581 |
Real Estate Investments - Joint
Real Estate Investments - Joint Venture Activities (Details) $ in Thousands | Dec. 31, 2022 USD ($) ft² property | Feb. 25, 2022 | Dec. 31, 2021 USD ($) property | Oct. 31, 2020 property |
Schedule of Equity Method Investments [Line Items] | ||||
Investment in unconsolidated joint venture | $ | $ 124,358 | $ 143,021 | ||
Square feet (in sqft) | ft² | 59,983,000 | |||
12 Mainland Properties | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Ownership interest | 22% | |||
Number of properties contributed | property | 18 | 18 | ||
Square feet (in sqft) | ft² | 11,726,000 | |||
Mountain Industrial REIT LLC | Consolidated Entity, Excluding Consolidated VIE | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Ownership interest | 61% | 61% | ||
Number of properties contributed | property | 94 | |||
Square feet (in sqft) | ft² | 20,980,664 | |||
The Industrial Fund REIT LLC | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Ownership interest | 22% | 22% | ||
Number of properties contributed | property | 18 | 18 | ||
The Industrial Fund REIT LLC | Partnership Interest | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Ownership interest | 22% | |||
Investment in unconsolidated joint venture | $ | $ 124,358 | |||
Number of properties contributed | property | 18 | |||
Square feet (in sqft) | ft² | 11,726,137 |
Leases - Narrative (Details)
Leases - Narrative (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Lessor, Lease, Description [Line Items] | |||
Straight line rental income | $ 11,538 | $ 7,263 | $ 9,041 |
Variable lease income | 63,168 | 38,732 | 45,858 |
Rental income | 388,151 | 219,874 | 254,575 |
Subsidiaries Of FedEx Corp | |||
Lessor, Lease, Description [Line Items] | |||
Rental income | 108,704 | 10,894 | 10,752 |
Two Subsidiaries Of Amazon, Inc. | |||
Lessor, Lease, Description [Line Items] | |||
Rental income | $ 27,382 | $ 21,440 | $ 38,241 |
Sales Revenue, Net | Customer Concentration Risk | Subsidiaries Of FedEx Corp | |||
Lessor, Lease, Description [Line Items] | |||
Percentage of revenues | 28% | ||
Sales Revenue, Net | Customer Concentration Risk | Two Subsidiaries Of Amazon, Inc. | |||
Lessor, Lease, Description [Line Items] | |||
Percentage of revenues | 7.10% | ||
Sales Revenue, Net | Geographic Concentration Risk | Hawaii | |||
Lessor, Lease, Description [Line Items] | |||
Percentage of revenues | 29.70% | 50.60% | 42.20% |
Leases - Schedule of Operating
Leases - Schedule of Operating Lease Maturities (Details) $ in Thousands | Dec. 31, 2022 USD ($) |
Leases [Abstract] | |
2023 | $ 342,082 |
2024 | 329,996 |
2025 | 307,225 |
2026 | 287,847 |
2027 | 266,822 |
Thereafter | 1,833,081 |
Total | $ 3,367,053 |
Indebtedness - Schedule of Outs
Indebtedness - Schedule of Outstanding Indebtedness (Details) $ in Thousands | 1 Months Ended | 12 Months Ended | ||||
Sep. 22, 2022 USD ($) property option | Feb. 25, 2022 USD ($) property option | Mar. 31, 2022 | Feb. 28, 2022 USD ($) | Dec. 31, 2022 USD ($) property | Dec. 31, 2021 USD ($) option | |
Debt Instrument [Line Items] | ||||||
Total indebtedness | $ 4,290,363 | $ 832,000 | ||||
Unamortized debt issuance costs | (45,862) | (3,876) | ||||
Total indebtedness, net | 4,244,501 | 828,124 | ||||
Net book value of collateral | $ 4,857,352 | |||||
Mountain Industrial REIT LLC | ||||||
Debt Instrument [Line Items] | ||||||
Percentage of interest in subsidiaries | 61% | |||||
Fixed rate loan, 3.76% interest rate, due in 2028 | ||||||
Debt Instrument [Line Items] | ||||||
Interest rate (as a percent) | 3.76% | |||||
Fixed rate loan, 3.77% interest rate, due in 2030 | ||||||
Debt Instrument [Line Items] | ||||||
Interest rate (as a percent) | 3.77% | |||||
Fixed rate loan, 3.85% interest rate, due in 2030 | ||||||
Debt Instrument [Line Items] | ||||||
Interest rate (as a percent) | 3.85% | |||||
Fixed rate loan, 3.56% interest rate, due in 2030 | ||||||
Debt Instrument [Line Items] | ||||||
Interest rate (as a percent) | 3.56% | |||||
Fixed rate loan, 3.67% interest rate, due in 2031 | ||||||
Debt Instrument [Line Items] | ||||||
Interest rate (as a percent) | 3.67% | |||||
Fixed rate loan, 4.02% interest rate, due in 2033 | ||||||
Debt Instrument [Line Items] | ||||||
Interest rate (as a percent) | 4.02% | |||||
Fixed rate loan, 4.13% interest rate, due in 2033 | ||||||
Debt Instrument [Line Items] | ||||||
Interest rate (as a percent) | 4.13% | |||||
Fixed rate loan, 3.10% interest rate, due in 2035 | ||||||
Debt Instrument [Line Items] | ||||||
Interest rate (as a percent) | 3.10% | |||||
Fixed rate loan, 2.95% interest rate, due in 2036 | ||||||
Debt Instrument [Line Items] | ||||||
Interest rate (as a percent) | 2.95% | |||||
Fixed rate loan, 4.27% interest rate, due in 2037 | ||||||
Debt Instrument [Line Items] | ||||||
Interest rate (as a percent) | 4.27% | |||||
Fixed rate loan, 3.25% interest rate, due in 2038 | ||||||
Debt Instrument [Line Items] | ||||||
Interest rate (as a percent) | 3.25% | |||||
Mortgage Note Payable | ||||||
Debt Instrument [Line Items] | ||||||
Total indebtedness | $ 503,980 | |||||
Total indebtedness, net | $ 1,100,000 | |||||
Weighted average interest rate (as a percent) | 3.74% | |||||
Mortgage Note Payable | Floating Rate Loan, 6.18%, due in 2024 | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 104 | |||||
Mortgage Note Payable | Fixed Rate Loan, 4.31%, due in 2029 | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 186 | |||||
Mortgage Note Payable | Fixed Rate Loan, 4.42%, due in 2032 | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 17 | |||||
Mortgage Note Payable | Floating Rate Loan, 6.17%, due in 2024 | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 82 | |||||
Mortgage Note Payable | Fixed rate loan, 3.76% interest rate, due in 2028 | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 1 | |||||
Mortgage Note Payable | Fixed rate loan, 3.77% interest rate, due in 2030 | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 1 | |||||
Mortgage Note Payable | Fixed rate loan, 3.85% interest rate, due in 2030 | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 1 | |||||
Mortgage Note Payable | Fixed rate loan, 3.56% interest rate, due in 2030 | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 1 | |||||
Mortgage Note Payable | Fixed rate loan, 3.67% interest rate, due in 2031 | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 1 | |||||
Mortgage Note Payable | Fixed rate loan, 4.14% interest rate, due in 2032 | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 1 | |||||
Mortgage Note Payable | Fixed rate loan, 4.02% interest rate, due in 2033 | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 1 | |||||
Mortgage Note Payable | Fixed rate loan, 4.13% interest rate, due in 2033 | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 1 | |||||
Mortgage Note Payable | Fixed rate loan, 3.10% interest rate, due in 2035 | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 1 | |||||
Mortgage Note Payable | Fixed rate loan, 2.95% interest rate, due in 2036 | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 1 | |||||
Mortgage Note Payable | Fixed rate loan, 4.27% interest rate, due in 2037 | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 1 | |||||
Mortgage Note Payable | Fixed rate loan, 3.25% interest rate, due in 2038 | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 1 | |||||
Mortgage Note Payable | Mortgage notes payable, 3.60% interest rate, due in 2023 | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 1 | |||||
Total indebtedness | $ 56,980 | |||||
Interest rate (as a percent) | 360% | |||||
Mortgage Note Payable | Mortgage notes payable, 3.33% interest rate, due in 2029 | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 11 | |||||
Total indebtedness | $ 350,000 | |||||
Interest rate (as a percent) | 333% | |||||
Mortgage Note Payable | Mortgage notes payable, 5.30% interest rate, due in 2027 | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 5 | |||||
Total indebtedness | $ 97,000 | |||||
Interest rate (as a percent) | 5.30% | |||||
Revolving Credit Facility | ||||||
Debt Instrument [Line Items] | ||||||
Total indebtedness | $ 0 | $ 182,000 | ||||
Net book value of collateral | 0 | |||||
Repayments of lines of credit | $ 750,000 | |||||
Number of options to extend maturity date | option | 1 | |||||
Extension period | 6 months | |||||
Floating Rate Loan | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 82 | |||||
Total indebtedness, net | $ 14 | |||||
Number of options to extend maturity date | option | 3 | |||||
Extension period | 1 year | |||||
Floating Rate Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | ||||||
Debt Instrument [Line Items] | ||||||
Basis spread on variable rate (as a percent) | 2.25% | 3.40% | ||||
Floating Rate Loan | Floating Rate Loan, 6.18%, due in 2024 | ||||||
Debt Instrument [Line Items] | ||||||
Total indebtedness | $ 1,235,000 | $ 0 | ||||
Weighted average interest rate (as a percent) | 6.18% | |||||
Net book value of collateral | $ 1,071,815 | |||||
Floating Rate Loan | Floating Rate Loan, 6.17%, due in 2024 | ||||||
Debt Instrument [Line Items] | ||||||
Total indebtedness | $ 1,400,000 | 0 | ||||
Interest rate (as a percent) | 6.17% | |||||
Net book value of collateral | $ 1,909,185 | |||||
Number of options to extend maturity date | option | 3 | |||||
Extension period | 1 year | |||||
Floating Rate Loan | Floating Rate Loan, 6.17%, due in 2024 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | ||||||
Debt Instrument [Line Items] | ||||||
Basis spread on variable rate (as a percent) | 2.77% | |||||
Fixed Rate Loan | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 17 | |||||
Total indebtedness, net | $ 700,000 | |||||
Interest rate (as a percent) | 4.42% | |||||
Fixed Rate Loan | Fixed Rate Loan, 4.31%, due in 2029 | ||||||
Debt Instrument [Line Items] | ||||||
Total indebtedness | $ 650,000 | 650,000 | ||||
Interest rate (as a percent) | 4.31% | |||||
Net book value of collateral | $ 490,416 | |||||
Fixed Rate Loan | Fixed Rate Loan, 4.42%, due in 2032 | ||||||
Debt Instrument [Line Items] | ||||||
Total indebtedness | $ 700,000 | 0 | ||||
Interest rate (as a percent) | 4.42% | |||||
Net book value of collateral | $ 518,806 | |||||
Fixed Rate Loan | Fixed rate loan, 3.76% interest rate, due in 2028 | ||||||
Debt Instrument [Line Items] | ||||||
Total indebtedness | $ 13,556 | 0 | ||||
Interest rate (as a percent) | 3.76% | |||||
Net book value of collateral | $ 63,314 | |||||
Fixed Rate Loan | Fixed rate loan, 3.77% interest rate, due in 2030 | ||||||
Debt Instrument [Line Items] | ||||||
Total indebtedness | $ 4,865 | 0 | ||||
Interest rate (as a percent) | 3.77% | |||||
Net book value of collateral | $ 39,724 | |||||
Fixed Rate Loan | Fixed rate loan, 3.85% interest rate, due in 2030 | ||||||
Debt Instrument [Line Items] | ||||||
Total indebtedness | $ 5,145 | 0 | ||||
Interest rate (as a percent) | 3.85% | |||||
Net book value of collateral | $ 39,724 | |||||
Fixed Rate Loan | Fixed rate loan, 3.56% interest rate, due in 2030 | ||||||
Debt Instrument [Line Items] | ||||||
Total indebtedness | $ 14,392 | 0 | ||||
Interest rate (as a percent) | 3.56% | |||||
Net book value of collateral | $ 50,825 | |||||
Fixed Rate Loan | Fixed rate loan, 3.67% interest rate, due in 2031 | ||||||
Debt Instrument [Line Items] | ||||||
Total indebtedness | $ 12,691 | 0 | ||||
Interest rate (as a percent) | 3.67% | |||||
Net book value of collateral | $ 30,800 | |||||
Fixed Rate Loan | Fixed rate loan, 4.14% interest rate, due in 2032 | ||||||
Debt Instrument [Line Items] | ||||||
Total indebtedness | $ 14,144 | 0 | ||||
Interest rate (as a percent) | 4.14% | |||||
Net book value of collateral | $ 44,777 | |||||
Fixed Rate Loan | Fixed rate loan, 4.02% interest rate, due in 2033 | ||||||
Debt Instrument [Line Items] | ||||||
Total indebtedness | $ 30,949 | 0 | ||||
Interest rate (as a percent) | 4.02% | |||||
Net book value of collateral | $ 87,143 | |||||
Fixed Rate Loan | Fixed rate loan, 4.13% interest rate, due in 2033 | ||||||
Debt Instrument [Line Items] | ||||||
Total indebtedness | $ 43,219 | 0 | ||||
Interest rate (as a percent) | 4.13% | |||||
Net book value of collateral | $ 131,539 | |||||
Fixed Rate Loan | Fixed rate loan, 3.10% interest rate, due in 2035 | ||||||
Debt Instrument [Line Items] | ||||||
Total indebtedness | $ 26,175 | 0 | ||||
Interest rate (as a percent) | 3.10% | |||||
Net book value of collateral | $ 47,718 | |||||
Fixed Rate Loan | Fixed rate loan, 2.95% interest rate, due in 2036 | ||||||
Debt Instrument [Line Items] | ||||||
Total indebtedness | $ 42,087 | 0 | ||||
Interest rate (as a percent) | 2.95% | |||||
Net book value of collateral | $ 101,896 | |||||
Fixed Rate Loan | Fixed rate loan, 4.27% interest rate, due in 2037 | ||||||
Debt Instrument [Line Items] | ||||||
Total indebtedness | $ 46,109 | 0 | ||||
Interest rate (as a percent) | 4.27% | |||||
Net book value of collateral | $ 113,063 | |||||
Fixed Rate Loan | Fixed rate loan, 3.25% interest rate, due in 2038 | ||||||
Debt Instrument [Line Items] | ||||||
Total indebtedness | $ 52,031 | $ 0 | ||||
Interest rate (as a percent) | 3.25% | |||||
Net book value of collateral | $ 116,607 | |||||
ILPT Floating Rate Loan | ||||||
Debt Instrument [Line Items] | ||||||
Number of properties used as collateral | property | 104 | |||||
Weighted average interest rate (as a percent) | 6.18% | |||||
Number of options to extend maturity date | option | 3 | |||||
Extension period | 1 year | |||||
ILPT Floating Rate Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | ||||||
Debt Instrument [Line Items] | ||||||
Basis spread on variable rate (as a percent) | 2.25% | 2.25% | ||||
ILPT Floating Rate Loan | Floating Rate Loan, 6.18%, due in 2024 | ||||||
Debt Instrument [Line Items] | ||||||
Number of options to extend maturity date | option | 3 | |||||
Extension period | 1 year | |||||
ILPT Floating Rate Loan | Floating Rate Loan, 6.18%, due in 2024 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | ||||||
Debt Instrument [Line Items] | ||||||
Basis spread on variable rate (as a percent) | 3.93% |
Indebtedness - Narrative (Detai
Indebtedness - Narrative (Details) | 1 Months Ended | 2 Months Ended | 12 Months Ended | |||||||
Sep. 22, 2022 USD ($) property option | Feb. 25, 2022 USD ($) property option | Mar. 31, 2022 | May 31, 2020 USD ($) property | Feb. 25, 2022 USD ($) | Dec. 31, 2022 USD ($) property | Dec. 31, 2021 USD ($) option | Dec. 31, 2020 USD ($) | Feb. 09, 2023 | Sep. 30, 2022 | |
Debt Instrument [Line Items] | ||||||||||
Gain (loss) on early extinguishment of debt | $ (22,198,000) | $ 0 | $ 120,000 | |||||||
Long-term debt | 4,244,501,000 | 828,124,000 | ||||||||
Principal balance | 4,290,363,000 | 832,000,000 | ||||||||
Bridge Loan Facility | Interest Rate Swap | Cash Flow Hedging | Designated as Hedging Instrument | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Strike rate (as a percent) | 2.70% | 3.40% | 2.70% | 2.70% | ||||||
Revolving Credit Facility | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Maximum borrowing capacity of revolving credit facility | $ 750,000,000 | $ 750,000,000 | $ 750,000,000 | |||||||
Number of options to extend maturity date | option | 1 | |||||||||
Extension period | 6 months | |||||||||
Interest rate at period end (as a percent) | 1.41% | |||||||||
Interest rate during period (as a percent) | 1.41% | 1.44% | 2.36% | |||||||
Gain (loss) on early extinguishment of debt | (828,000) | |||||||||
Principal balance | $ 0 | $ 182,000,000 | ||||||||
Floating Rate Loan | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Number of options to extend maturity date | option | 3 | |||||||||
Extension period | 1 year | |||||||||
Long-term debt | $ 14,000 | $ 14,000 | ||||||||
Prepayment terms without premium amount | $ 280,000,000 | 280,000,000 | ||||||||
Number of properties used as collateral | property | 82 | |||||||||
Floating Rate Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Basis spread on variable rate (as a percent) | 2.25% | 3.40% | ||||||||
Option to increase in premium (in basis points) | 0.515% | |||||||||
Floating Rate Loan | Floating Rate Loan, 6.17%, due in 2024 | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Number of options to extend maturity date | option | 3 | |||||||||
Extension period | 1 year | |||||||||
Interest rate (as a percent) | 6.17% | |||||||||
Principal balance | $ 1,400,000,000 | 0 | ||||||||
Floating Rate Loan | Floating Rate Loan, 6.17%, due in 2024 | February 25, 2022 - December 31, 2022 | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Interest rate during period (as a percent) | 6.10% | |||||||||
Floating Rate Loan | Floating Rate Loan, 6.17%, due in 2024 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Basis spread on variable rate (as a percent) | 2.77% | |||||||||
Floating Rate Loan | Floating Rate Loan, 6.18%, due in 2024 | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Weighted average interest rate (as a percent) | 6.18% | |||||||||
Principal balance | $ 1,235,000,000 | $ 0 | ||||||||
Bridge Loan Facility | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Interest rate during period (as a percent) | 2.92% | |||||||||
Gain (loss) on early extinguishment of debt | $ (21,370,000) | |||||||||
Long-term debt | $ 1,235,000,000 | $ 1,385,158,000 | $ 1,385,158,000 | |||||||
Number of properties used as collateral | property | 109 | |||||||||
Bridge Loan Facility | February 25, 2022 - December 31, 2022 | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Interest rate during period (as a percent) | 4.24% | |||||||||
Bridge Loan Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Basis spread on variable rate (as a percent) | 1.75% | |||||||||
Mezzanine agreement premium (as a percent) | 8% | 8% | ||||||||
Fixed Rate Loan | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Interest rate during period (as a percent) | 4.42% | |||||||||
Interest rate (as a percent) | 4.42% | 4.42% | ||||||||
Long-term debt | $ 700,000,000 | $ 700,000,000 | ||||||||
Number of properties used as collateral | property | 17 | |||||||||
ILPT Floating Rate Loan | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Number of options to extend maturity date | option | 3 | |||||||||
Extension period | 1 year | |||||||||
Interest rate during period (as a percent) | 3.93% | |||||||||
Prepayment terms without premium amount | $ 247,000,000 | $ 247,000,000 | ||||||||
Number of properties used as collateral | property | 104 | |||||||||
Weighted average interest rate (as a percent) | 6.18% | |||||||||
ILPT Floating Rate Loan | Subsequent Event | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Weighted average interest rate (as a percent) | 6.18% | |||||||||
ILPT Floating Rate Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Basis spread on variable rate (as a percent) | 2.25% | 2.25% | ||||||||
ILPT Floating Rate Loan | Floating Rate Loan, 6.18%, due in 2024 | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Number of options to extend maturity date | option | 3 | |||||||||
Extension period | 1 year | |||||||||
ILPT Floating Rate Loan | Floating Rate Loan, 6.18%, due in 2024 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Basis spread on variable rate (as a percent) | 3.93% | |||||||||
Mortgages | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Long-term debt | $ 1,100,000,000 | |||||||||
Weighted average interest rate (as a percent) | 3.74% | |||||||||
Principal balance | $ 503,980,000 | |||||||||
Mortgages | Floating Rate Loan, 6.17%, due in 2024 | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Number of properties used as collateral | property | 82 | |||||||||
Mortgages | Floating Rate Loan, 6.18%, due in 2024 | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Number of properties used as collateral | property | 104 | |||||||||
Mortgages | Mortgage note payable (secured by one property in Virginia) | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Interest rate (as a percent) | 3.48% | |||||||||
Number of properties used as collateral | property | 1 | |||||||||
Principal balance | $ 48,750,000 | |||||||||
Mezzanine Loan | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Long-term debt | $ 135,000,000 |
Indebtedness - Summary of Futur
Indebtedness - Summary of Future Indebtedness Maturity (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Debt Disclosure [Abstract] | ||
2023 | $ 22,428 | |
2024 | 2,658,268 | |
2025 | 24,141 | |
2026 | 25,047 | |
2027 | 25,988 | |
Thereafter | 1,534,491 | |
Total principal balance | 4,290,363 | $ 832,000 |
Unamortized debt issuance costs | 45,862 | |
Long-term debt | $ 4,244,501 | $ 828,124 |
Fair Value of Assets and Liab_3
Fair Value of Assets and Liabilities - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Fair Value of Financial Instruments | ||
Fixed rate loan | $ 4,244,501 | $ 646,124 |
Fixed rate loan, 3.76% interest rate, due in 2028 | ||
Fair Value of Financial Instruments | ||
Interest rate (as a percent) | 3.76% | |
Fixed rate loan, 4.31% interest rate, due in 2029 | ||
Fair Value of Financial Instruments | ||
Interest rate (as a percent) | 4.31% | |
Fixed rate loan, 3.77% interest rate, due in 2030 | ||
Fair Value of Financial Instruments | ||
Interest rate (as a percent) | 3.77% | |
Fixed rate loan, 3.85% interest rate, due in 2030 | ||
Fair Value of Financial Instruments | ||
Interest rate (as a percent) | 3.85% | |
Fixed rate loan, 3.56% interest rate, due in 2030 | ||
Fair Value of Financial Instruments | ||
Interest rate (as a percent) | 3.56% | |
Fixed rate loan, 3.67% interest rate, due in 2031 | ||
Fair Value of Financial Instruments | ||
Interest rate (as a percent) | 3.67% | |
Fixed rate loan, 4.42% interest rate, due in 2032 | ||
Fair Value of Financial Instruments | ||
Interest rate (as a percent) | 4.42% | |
Fixed rate loan, 4.14% interest rate, due in 2032 | ||
Fair Value of Financial Instruments | ||
Interest rate (as a percent) | 4.14% | |
Fixed rate loan, 4.02% interest rate, due in 2033 | ||
Fair Value of Financial Instruments | ||
Interest rate (as a percent) | 4.02% | |
Fixed rate loan, 4.13% interest rate, due in 2033 | ||
Fair Value of Financial Instruments | ||
Interest rate (as a percent) | 4.13% | |
Fixed rate loan, 3.10% interest rate, due in 2035 | ||
Fair Value of Financial Instruments | ||
Interest rate (as a percent) | 3.10% | |
Fixed rate loan, 2.95% interest rate, due in 2036 | ||
Fair Value of Financial Instruments | ||
Interest rate (as a percent) | 2.95% | |
Fixed rate loan, 4.27% interest rate, due in 2037 | ||
Fair Value of Financial Instruments | ||
Interest rate (as a percent) | 4.27% | |
Fixed rate loan, 3.25% interest rate, due in 2038 | ||
Fair Value of Financial Instruments | ||
Interest rate (as a percent) | 3.25% | |
Carrying Amount | ||
Fair Value of Financial Instruments | ||
Long-term debt | $ 1,646,736 | 646,124 |
Unamortized premiums | 8,627 | 3,876 |
Carrying Amount | Fixed rate loan, 3.76% interest rate, due in 2028 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 13,556 | 0 |
Carrying Amount | Fixed rate loan, 4.31% interest rate, due in 2029 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 646,669 | 646,124 |
Carrying Amount | Fixed rate loan, 3.77% interest rate, due in 2030 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 4,865 | 0 |
Carrying Amount | Fixed rate loan, 3.85% interest rate, due in 2030 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 5,145 | 0 |
Carrying Amount | Fixed rate loan, 3.56% interest rate, due in 2030 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 14,392 | 0 |
Carrying Amount | Fixed rate loan, 3.67% interest rate, due in 2031 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 12,691 | 0 |
Carrying Amount | Fixed rate loan, 4.42% interest rate, due in 2032 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 694,704 | 0 |
Carrying Amount | Fixed rate loan, 4.14% interest rate, due in 2032 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 14,144 | 0 |
Carrying Amount | Fixed rate loan, 4.02% interest rate, due in 2033 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 30,949 | 0 |
Carrying Amount | Fixed rate loan, 4.13% interest rate, due in 2033 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 43,219 | 0 |
Carrying Amount | Fixed rate loan, 3.10% interest rate, due in 2035 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 26,175 | 0 |
Carrying Amount | Fixed rate loan, 2.95% interest rate, due in 2036 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 42,087 | 0 |
Carrying Amount | Fixed rate loan, 4.27% interest rate, due in 2037 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 46,109 | 0 |
Carrying Amount | Fixed rate loan, 3.25% interest rate, due in 2038 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 52,031 | 0 |
Estimated Fair Value | ||
Fair Value of Financial Instruments | ||
Long-term debt | 1,487,147 | 709,198 |
Estimated Fair Value | Fixed rate loan, 3.76% interest rate, due in 2028 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 12,784 | 0 |
Estimated Fair Value | Fixed rate loan, 4.31% interest rate, due in 2029 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 592,295 | 709,198 |
Estimated Fair Value | Fixed rate loan, 3.77% interest rate, due in 2030 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 4,553 | 0 |
Estimated Fair Value | Fixed rate loan, 3.85% interest rate, due in 2030 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 4,829 | 0 |
Estimated Fair Value | Fixed rate loan, 3.56% interest rate, due in 2030 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 13,315 | 0 |
Estimated Fair Value | Fixed rate loan, 3.67% interest rate, due in 2031 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 11,713 | 0 |
Estimated Fair Value | Fixed rate loan, 4.42% interest rate, due in 2032 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 623,133 | 0 |
Estimated Fair Value | Fixed rate loan, 4.14% interest rate, due in 2032 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 13,182 | 0 |
Estimated Fair Value | Fixed rate loan, 4.02% interest rate, due in 2033 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 28,195 | 0 |
Estimated Fair Value | Fixed rate loan, 4.13% interest rate, due in 2033 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 39,573 | 0 |
Estimated Fair Value | Fixed rate loan, 3.10% interest rate, due in 2035 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 22,373 | 0 |
Estimated Fair Value | Fixed rate loan, 2.95% interest rate, due in 2036 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 35,444 | 0 |
Estimated Fair Value | Fixed rate loan, 4.27% interest rate, due in 2037 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | 41,880 | 0 |
Estimated Fair Value | Fixed rate loan, 3.25% interest rate, due in 2038 | ||
Fair Value of Financial Instruments | ||
Fixed rate loan | $ 43,878 | $ 0 |
Fair Value of Assets and Liab_4
Fair Value of Assets and Liabilities - Assets Measured on Recurring Basis (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 USD ($) property | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Fair Value of Financial Instruments | |||
Real estate properties | $ 4,902,641 | $ 1,581,343 | |
Loss on impairment of real estate | $ 100,747 | 0 | $ 0 |
12 Mainland Properties | |||
Fair Value of Financial Instruments | |||
Ownership interest | 22% | ||
Number of properties contributed | property | 18 | ||
Fair Value, Inputs, Level 3 | |||
Fair Value of Financial Instruments | |||
Holding period | 10 years | ||
Fair Value, Inputs, Level 3 | Minimum | Measurement Input, Discount Rate | |||
Fair Value of Financial Instruments | |||
Unconsolidated joint venture measurement input | 0.0525 | ||
Fair Value, Inputs, Level 3 | Minimum | Measurement Input, Exit Capitalization Rate | |||
Fair Value of Financial Instruments | |||
Unconsolidated joint venture measurement input | 0.0475 | ||
Fair Value, Inputs, Level 3 | Minimum | Measurement Input, Direct Capitalization Rate | |||
Fair Value of Financial Instruments | |||
Unconsolidated joint venture measurement input | 0.0525 | ||
Fair Value, Inputs, Level 3 | Maximum | Measurement Input, Discount Rate | |||
Fair Value of Financial Instruments | |||
Unconsolidated joint venture measurement input | 0.0700 | ||
Fair Value, Inputs, Level 3 | Maximum | Measurement Input, Exit Capitalization Rate | |||
Fair Value of Financial Instruments | |||
Unconsolidated joint venture measurement input | 0.0600 | ||
Fair Value, Inputs, Level 3 | Maximum | Measurement Input, Direct Capitalization Rate | |||
Fair Value of Financial Instruments | |||
Unconsolidated joint venture measurement input | 0.0700 | ||
Fair Value, Recurring | |||
Fair Value of Financial Instruments | |||
Investments in unconsolidated joint venture | $ 124,358 | 143,021 | |
Interest rate cap derivatives | 73,133 | ||
Fair Value, Recurring | Fair Value, Inputs, Level 1 | |||
Fair Value of Financial Instruments | |||
Investments in unconsolidated joint venture | 0 | 0 | |
Interest rate cap derivatives | 0 | ||
Fair Value, Recurring | Fair Value, Inputs, Level 2 | |||
Fair Value of Financial Instruments | |||
Investments in unconsolidated joint venture | 0 | 0 | |
Interest rate cap derivatives | 73,133 | ||
Fair Value, Recurring | Fair Value, Inputs, Level 3 | |||
Fair Value of Financial Instruments | |||
Investments in unconsolidated joint venture | 124,358 | $ 143,021 | |
Interest rate cap derivatives | 0 | ||
Fair Value, Nonrecurring | |||
Fair Value of Financial Instruments | |||
Real estate properties | 555,123 | ||
Fair Value, Nonrecurring | Fair Value, Inputs, Level 1 | |||
Fair Value of Financial Instruments | |||
Real estate properties | 0 | ||
Fair Value, Nonrecurring | Fair Value, Inputs, Level 2 | |||
Fair Value of Financial Instruments | |||
Real estate properties | 0 | ||
Fair Value, Nonrecurring | Fair Value, Inputs, Level 3 | |||
Fair Value of Financial Instruments | |||
Real estate properties | 555,123 | ||
Fair Value, Nonrecurring | Fair Value, Inputs, Level 3 | Monmouth Real Estate Investment Corporation | |||
Fair Value of Financial Instruments | |||
Loss on impairment of real estate | $ 100,747 | ||
Number of properties impaired | property | 25 |
Shareholders' Equity - Share Aw
Shareholders' Equity - Share Awards (Details) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 USD ($) shares | Dec. 31, 2021 USD ($) shares | Dec. 31, 2020 USD ($) installment property shares | Dec. 31, 2019 shares | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Unvested shares (in shares) | 260,800 | 192,380 | 162,200 | 108,200 |
2023 (in shares) | 93,780 | |||
2024 (in shares) | 75,240 | |||
2025 (in shares) | 57,120 | |||
2026 (in shares) | 34,660 | |||
Estimated future compensation expense for the unvested shares | $ | $ 3,400 | |||
Weighted average period of which compensation expense will be recognized | 23 months | |||
Compensation expense | $ | $ 2,221 | $ 2,329 | $ 2,331 | |
Shares available for issuance under the award plan | 3,431,855,000 | |||
Trustees | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Number of officers elected | property | 2 | |||
Trustees | Common shares | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Common shares granted (in shares) | 3,500,000 | 3,500,000 | 3,500,000 | |
Common shares granted | $ | $ 369 | $ 538 | $ 460 | |
Common shares granted per Trustee | $ | $ 53 | $ 90 | $ 66 | |
Trustees | Common shares | Common Stock As Part of Annual Compensation | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Common shares granted (in shares) | 3,000,000 | |||
Common shares granted | $ | $ 141 | |||
Common shares granted per Trustee | $ | $ 71 | |||
RMR LLC | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Common shares granted (in shares) | 173,300,000 | 118,800,000 | 108,600,000 | |
Common shares granted | $ | $ 1,184 | $ 3,086 | $ 2,460 | |
RMR LLC | Officers And Employees | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Number of equal annual installments | installment | 5 |
Shareholders' Equity - Summary
Shareholders' Equity - Summary of Unvested Shares Activity (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |||
Unvested shares at the beginning of the period (in shares) | 192,380 | 162,200 | 108,200 |
Granted (in shares) | 197,800 | 139,800 | 139,100 |
Vested (in shares) | (127,480) | (108,920) | (84,520) |
Forfeited (in shares) | (1,900) | (700) | (580) |
Unvested shares at the end of the period (in shares) | 260,800 | 192,380 | 162,200 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | |||
Unvested shares at the beginning of the period (in dollars per share) | $ 24.15 | $ 22.37 | $ 22.08 |
Granted (in dollars per share) | 7.85 | 25.93 | 22.01 |
Vested (in dollars per share) | 17.44 | 23.78 | 21.41 |
Forfeited (in dollars per share) | 24.55 | 22.24 | 22.20 |
Unvested shares at the end of the period (in dollars per share) | $ 15.07 | $ 24.15 | $ 22.37 |
Shareholders' Equity - Common S
Shareholders' Equity - Common Share Purchases (Details) - Common shares - $ / shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share repurchases to pay for tax withholding (in shares) | 32,347 | 35,596 | 18,060 |
Share price (in dollars per share) | $ 7.50 | $ 25.91 | $ 21.16 |
Shareholders' Equity - Distribu
Shareholders' Equity - Distributions (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |||
Jan. 12, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Dividends Payable [Line Items] | ||||
Distribution per share (in dollars per share) | $ 0.68 | $ 1.32 | $ 1.32 | |
Total Distributions | $ 44,477 | $ 86,236 | $ 86,089 | |
Distributions per share paid (in dollars per share) | 89.70% | 0% | 0% | |
Distribution characterization percentage, ordinary income | 9.60% | 93.20% | 71% | |
Distribution characterization percentage, capital gain | 0.70% | 6.80% | 29% | |
Subsequent Event | ||||
Dividends Payable [Line Items] | ||||
Common distributions declared (in dollars per share) | $ 0.01 | |||
Dividends payable | $ 656 |
Per Common Shares Amounts (Deta
Per Common Shares Amounts (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Numerators: | |||
Net (loss) income attributable to common shareholders | $ (226,723) | $ 119,682 | $ 82,071 |
Loss attributable to unvested participating securities | (131) | (307) | (154) |
Net (loss) income attributable to common shareholders used in calculating earnings per share | $ (226,854) | $ 119,375 | $ 81,917 |
Denominators: | |||
Weighted average common shares for basic earnings per share (in shares) | 65,248 | 65,169 | 65,104 |
Effect of dilutive securities: unvested share awards (in shares) | 0 | 42 | 10 |
Weighted average common shares for diluted earnings per share (in shares) | 65,248 | 65,211 | 65,114 |
Net (loss) income attributable to common shareholders, basic (in usd per share) | $ (3.47) | $ 1.83 | $ 1.26 |
Net (loss) income attributable to common shareholders, diluted (in usd per share) | $ (3.47) | $ 1.83 | $ 1.26 |
Business and Property Managem_2
Business and Property Management Agreements with RMR (Details) | 1 Months Ended | 12 Months Ended | ||||
Feb. 25, 2022 USD ($) investor property | Jul. 31, 2022 property | Dec. 31, 2022 USD ($) employee agreement property investor $ / shares | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | Oct. 31, 2020 property | |
Related Party Transaction [Line Items] | ||||||
Number of employees | employee | 0 | |||||
Equity market capitalization | $ 1,560,000,000 | |||||
Unadjusted initial share price (usd per share) | $ / shares | $ 24 | |||||
Business management fees | $ 23,701,000 | $ 10,562,000 | $ 12,983,000 | |||
Incentive management fee | 0 | 0 | 0 | |||
Due to related persons | $ 4,824,000 | 2,185,000 | ||||
Term remaining prior to termination used in calculation of termination fee | 10 years | |||||
Number of joint venture agreements | agreement | 2 | |||||
Monmouth Real Estate Investment Corporation | ||||||
Related Party Transaction [Line Items] | ||||||
Number of Investors | investor | 1 | |||||
Number of properties | property | 95 | 1 | 94 | |||
12 Mainland Properties | ||||||
Related Party Transaction [Line Items] | ||||||
Number of Investors | investor | 2 | |||||
Number of properties contributed | property | 18 | 18 | ||||
Ownership interest | 22% | |||||
Monmouth Real Estate Investment Corporation | ||||||
Related Party Transaction [Line Items] | ||||||
Ownership interest | 61% | |||||
Mountain Industrial REIT LLC | ||||||
Related Party Transaction [Line Items] | ||||||
Noncontrolling interest, ownership percentage by noncontrolling owners | 39% | |||||
Reit Management And Research L L C | ||||||
Related Party Transaction [Line Items] | ||||||
Number of management service agreements | agreement | 2 | |||||
Percentage applied on average historical cost of real estate investment properties acquired to calculate base management fee | 0.50% | |||||
Base management fee payable as percentage of average historical cost of real estate investments excluding transferred assets for investments up to specified amount | 0.70% | |||||
Base management fee payable threshold amount of other real estate investments | $ 250,000,000 | |||||
Annual business management fee as percentage of aggregate cost of properties acquired in excess of specified amount | 0.50% | |||||
Base management fee payable as percentage of average closing stock price on stock exchange | 0.70% | |||||
Base management fee payable as percentage of average market capitalization exceeding specified amount | 0.50% | |||||
Percentage for limitation and adjustments of incentive management fee payable | 12% | |||||
Period of consecutive trading days | 10 days | |||||
Period of trading days of measurement period used in calculation | 30 days | |||||
Incentive management fee payable | $ 0 | |||||
Incentive management fee measurement period | 3 years | |||||
Required return per share to adjust the return per share benchmark | 12% | |||||
Adjusted benchmark return qualification for management fee reduction minimum | 2% | |||||
Adjusted benchmark return qualification for management fee reduction maximum | 5% | |||||
Incentive management fee, percentage of common shares outstanding used in calculation | 1.50% | |||||
Property management fees as percentage of gross collected rents | 3% | |||||
Construction supervision fees as percentage of construction costs | 5% | |||||
Construction supervision fees | $ 11,916,000 | 6,606,000 | 7,472,000 | |||
Number of business days prior written notice for termination of property management agreement | 60 days | |||||
Window following a change of control | 12 months | |||||
Period of transition services after termination agreement | 120 days | |||||
Amended and Restated Asset Management Agreement | The Industrial Fund REIT Inc. | 12 Mainland Properties | ||||||
Related Party Transaction [Line Items] | ||||||
Ownership interest | 22% | |||||
Minimum | Reit Management And Research L L C | ||||||
Related Party Transaction [Line Items] | ||||||
Termination fee term | 19 years | |||||
Maximum | Reit Management And Research L L C | ||||||
Related Party Transaction [Line Items] | ||||||
Termination fee term | 20 years | |||||
Reit Management And Research L L C | ||||||
Related Party Transaction [Line Items] | ||||||
Number of management service agreements | agreement | 2 | |||||
Business management fees | 1,005,000 | |||||
Reimbursement expense | $ 6,785,000 | 4,786,000 | 4,948,000 | |||
Reit Management And Research L L C | Property Management and Construction Supervision Fees | Other Operating Expenses | ||||||
Related Party Transaction [Line Items] | ||||||
Expenses from transactions | 11,058,000 | 6,395,000 | 7,267,000 | |||
Reit Management And Research L L C | Capitalized Costs | Investment Building and Building Improvements | ||||||
Related Party Transaction [Line Items] | ||||||
Due to related persons | $ 858,000 | $ 211,000 | $ 205,000 | |||
Co-venturer | Mountain Industrial REIT LLC | ||||||
Related Party Transaction [Line Items] | ||||||
Noncontrolling interest, ownership percentage by noncontrolling owners | 39% | |||||
Noncontrolling interest in joint ventures | $ 589,411,000 |
Related Person Transactions (De
Related Person Transactions (Details) $ in Thousands | 1 Months Ended | 12 Months Ended | ||||
Dec. 31, 2021 USD ($) | May 31, 2021 USD ($) | Jun. 30, 2020 USD ($) | Dec. 31, 2022 USD ($) agreement | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Related Party Transaction [Line Items] | ||||||
Number of joint venture agreements | agreement | 2 | |||||
Distributions in excess of earnings from Affiliates Insurance Company | $ 0 | $ 0 | $ 287 | |||
Dallas, TX | ||||||
Related Party Transaction [Line Items] | ||||||
Payments to acquire real estate | $ 2,319 | |||||
Acquisition related cost | $ 119 | |||||
RMR LLC | ||||||
Related Party Transaction [Line Items] | ||||||
Number of management service agreements | agreement | 2 | |||||
RMR LLC | Vesting on Grant Date | ||||||
Related Party Transaction [Line Items] | ||||||
Award vesting rights | 20% | |||||
RMR LLC | Vesting on each of the next four anniversaries | ||||||
Related Party Transaction [Line Items] | ||||||
Award vesting rights | 20% | |||||
AIC | ||||||
Related Party Transaction [Line Items] | ||||||
Distributions in excess of earnings from Affiliates Insurance Company | $ 12 | $ 287 | ||||
Rents Collected For Joint Venture | Industrial Fund | ||||||
Related Party Transaction [Line Items] | ||||||
Due from related parties | $ 225 | $ 616 | $ 225 | |||
Post-Closing Adjustment | Industrial Fund | ||||||
Related Party Transaction [Line Items] | ||||||
Due from related parties | $ 2,665 |
Derivatives and Hedging Activ_3
Derivatives and Hedging Activities - Schedule of Interest Rate Cap Agreements (Details) - Interest Rate Swap - Cash Flow Hedging - Designated as Hedging Instrument $ in Thousands | Dec. 31, 2022 USD ($) derivative_instrument |
Floating Rate Loan | |
Derivative Instruments, Gain (Loss) [Line Items] | |
Number of Instruments | derivative_instrument | 1 |
Strike Rate | 3.40% |
Notional Amount | $ 1,400,000 |
Fair Value at December 31, 2022 | $ 23,337 |
ILPT floating rate loan, 6.18% weighted average interest rate, due in 2024 | |
Derivative Instruments, Gain (Loss) [Line Items] | |
Number of Instruments | derivative_instrument | 2 |
Strike Rate | 2.25% |
Notional Amount | $ 1,235,000 |
Fair Value at December 31, 2022 | $ 49,796 |
Derivatives and Hedging Activ_4
Derivatives and Hedging Activities - Narrative (Details) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 USD ($) | Sep. 30, 2022 USD ($) derivative_instrument | Mar. 31, 2022 | Feb. 25, 2022 | |
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Accumulated other comprehensive income to interest expense | $ 25,810 | |||
Attributable to noncontrolling interest | $ 6,845 | |||
Bridge Loan Facility | Interest Rate Swap | Cash Flow Hedging | Designated as Hedging Instrument | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Number of Instruments | derivative_instrument | 2 | |||
Notional Amount | $ 1,385,158 | |||
Strike Rate | 2.70% | 3.40% | 2.70% | |
Derivative instruments in hedges, at fair value, net | $ 7,740 |
Derivatives and Hedging Activ_5
Derivatives and Hedging Activities - Schedule of Activity (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount of gain recognized in cumulative other comprehensive income (loss) | $ 34,825 | ||
Unrealized gain on derivative instrument recognized in cumulative other comprehensive income | 30,194 | $ 0 | $ 0 |
Interest Expense | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount reclassified from cumulative other comprehensive income (loss) into interest expense | 2,330 | ||
Loss On Early Extinguishment Of Debt | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Amount reclassified from cumulative other comprehensive income (loss) into loss on early extinguishment of debt | $ (6,961) |
SCHEDULE III - REAL ESTATE AN_2
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION - Real Estate Properties (Details) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 USD ($) property mortgage | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | Dec. 31, 2019 USD ($) | |
Initial Cost to Company | ||||
Land | $ 1,132,989 | |||
Buildings and Equipment | 4,064,666 | |||
Costs Capitalized Subsequent to Acquisition | 71,482 | |||
Impairment/ Writedowns | (93,029) | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,117,779 | |||
Buildings and Equipment | 4,058,329 | |||
Total | 5,176,108 | $ 1,748,833 | $ 1,809,070 | $ 2,335,964 |
Accumulated Depreciation | (273,467) | $ (167,490) | $ (141,406) | $ (131,468) |
Unamortized debt issuance costs | 45,862 | |||
U.S. federal income tax basis | $ 5,720,412 | |||
Building and Building Improvements | ||||
Gross Amount Carried at Close of Period | ||||
Life used for depreciation | 40 years | |||
Equipment | ||||
Gross Amount Carried at Close of Period | ||||
Life used for depreciation | 7 years | |||
Mortgages | ||||
Gross Amount Carried at Close of Period | ||||
Encumbrances | $ 4,244,501 | |||
Undepreciated cost | $ 5,091,811 | |||
Mortgages | 186 properties encumbered by one mortgage loan | ||||
Gross Amount Carried at Close of Period | ||||
Number of properties used as collateral | property | 186 | |||
Number of debt instruments | mortgage | 1 | |||
Encumbrances | $ 646,669 | |||
Undepreciated cost | $ 506,264 | |||
Mortgages | 104 properties encumbered by one mortgage loan | ||||
Gross Amount Carried at Close of Period | ||||
Number of properties used as collateral | property | 104 | |||
Encumbrances | $ 1,216,078 | |||
Undepreciated cost | $ 1,170,474 | |||
Mortgages | 82 properties encumbered by one mortgage loan | ||||
Gross Amount Carried at Close of Period | ||||
Number of properties used as collateral | property | 82 | |||
Encumbrances | $ 1,381,687 | |||
Undepreciated cost | $ 1,956,835 | |||
Mortgages | 17 properties encumbered by one mortgage loan | ||||
Gross Amount Carried at Close of Period | ||||
Number of properties used as collateral | property | 17 | |||
Encumbrances | $ 694,704 | |||
Undepreciated cost | $ 613,138 | |||
Mortgages | 11 properties encumbered by one mortgage loan | ||||
Gross Amount Carried at Close of Period | ||||
Number of properties used as collateral | property | 11 | |||
Encumbrances | $ 305,363 | |||
Undepreciated cost | 845,100 | |||
510 Production Avenue | ||||
Initial Cost to Company | ||||
Land | 1,200 | |||
Buildings and Equipment | 9,967 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (2,118) | |||
Gross Amount Carried at Close of Period | ||||
Land | 973 | |||
Buildings and Equipment | 8,076 | |||
Total | 9,049 | |||
Accumulated Depreciation | (136) | |||
6735 Trippel Road | ||||
Initial Cost to Company | ||||
Land | 1,500 | |||
Buildings and Equipment | 44,354 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,500 | |||
Buildings and Equipment | 44,354 | |||
Total | 45,854 | |||
Accumulated Depreciation | (1,077) | |||
11224 Will Walker Road | ||||
Initial Cost to Company | ||||
Land | 3,901 | |||
Buildings and Equipment | 40,857 | |||
Costs Capitalized Subsequent to Acquisition | 550 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,901 | |||
Buildings and Equipment | 41,407 | |||
Total | 45,308 | |||
Accumulated Depreciation | (1,800) | |||
3200 Rodeo Court | ||||
Initial Cost to Company | ||||
Land | 3,201 | |||
Buildings and Equipment | 23,462 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,201 | |||
Buildings and Equipment | 23,462 | |||
Total | 26,663 | |||
Accumulated Depreciation | (570) | |||
4501 Industrial Drive | ||||
Initial Cost to Company | ||||
Land | 900 | |||
Buildings and Equipment | 3,485 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 901 | |||
Buildings and Equipment | 3,484 | |||
Total | 4,385 | |||
Accumulated Depreciation | (690) | |||
9860 West Buckeye Road | ||||
Initial Cost to Company | ||||
Land | 4,801 | |||
Buildings and Equipment | 26,716 | |||
Costs Capitalized Subsequent to Acquisition | 1 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,802 | |||
Buildings and Equipment | 26,716 | |||
Total | 31,518 | |||
Accumulated Depreciation | (1,132) | |||
3870 Ronald Reagan Boulevard | ||||
Initial Cost to Company | ||||
Land | 2,780 | |||
Buildings and Equipment | 9,722 | |||
Costs Capitalized Subsequent to Acquisition | 1 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,779 | |||
Buildings and Equipment | 9,724 | |||
Total | 12,503 | |||
Accumulated Depreciation | (1,207) | |||
125 North Troy Hill Road | ||||
Initial Cost to Company | ||||
Land | 5,402 | |||
Buildings and Equipment | 32,981 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (10,790) | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,883 | |||
Buildings and Equipment | 23,710 | |||
Total | 27,593 | |||
Accumulated Depreciation | (342) | |||
14257 E. Easter Avenue | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 10,563 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (2,607) | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,421 | |||
Buildings and Equipment | 8,336 | |||
Total | 9,757 | |||
Accumulated Depreciation | (169) | |||
955 Aeroplaza Drive | ||||
Initial Cost to Company | ||||
Land | 800 | |||
Buildings and Equipment | 7,412 | |||
Costs Capitalized Subsequent to Acquisition | 39 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 800 | |||
Buildings and Equipment | 7,451 | |||
Total | 8,251 | |||
Accumulated Depreciation | (1,481) | |||
13400 East 39th Avenue and 3800 Wheeling Street | ||||
Initial Cost to Company | ||||
Land | 3,100 | |||
Buildings and Equipment | 12,955 | |||
Costs Capitalized Subsequent to Acquisition | 5 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,100 | |||
Buildings and Equipment | 12,960 | |||
Total | 16,060 | |||
Accumulated Depreciation | (2,568) | |||
150 Greenhorn Drive | ||||
Initial Cost to Company | ||||
Land | 200 | |||
Buildings and Equipment | 4,177 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 200 | |||
Buildings and Equipment | 4,177 | |||
Total | 4,377 | |||
Accumulated Depreciation | (827) | |||
2 Tower Drive | ||||
Initial Cost to Company | ||||
Land | 1,471 | |||
Buildings and Equipment | 2,165 | |||
Costs Capitalized Subsequent to Acquisition | 888 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,471 | |||
Buildings and Equipment | 3,053 | |||
Total | 4,524 | |||
Accumulated Depreciation | (1,129) | |||
50 Hollow Tree Lane | ||||
Initial Cost to Company | ||||
Land | 600 | |||
Buildings and Equipment | 4,793 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 600 | |||
Buildings and Equipment | 4,793 | |||
Total | 5,393 | |||
Accumulated Depreciation | (136) | |||
235 Great Pond Road | ||||
Initial Cost to Company | ||||
Land | 2,400 | |||
Buildings and Equipment | 9,469 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,400 | |||
Buildings and Equipment | 9,469 | |||
Total | 11,869 | |||
Accumulated Depreciation | (2,467) | |||
2100 NW 82nd Avenue | ||||
Initial Cost to Company | ||||
Land | 144 | |||
Buildings and Equipment | 1,297 | |||
Costs Capitalized Subsequent to Acquisition | 454 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 144 | |||
Buildings and Equipment | 1,751 | |||
Total | 1,895 | |||
Accumulated Depreciation | (939) | |||
10450 Doral Boulevard | ||||
Initial Cost to Company | ||||
Land | 15,225 | |||
Buildings and Equipment | 28,102 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 15,225 | |||
Buildings and Equipment | 28,102 | |||
Total | 43,327 | |||
Accumulated Depreciation | (4,216) | |||
13509 Waterworks Street | ||||
Initial Cost to Company | ||||
Land | 3,701 | |||
Buildings and Equipment | 37,720 | |||
Costs Capitalized Subsequent to Acquisition | (1) | |||
Impairment/ Writedowns | (9,345) | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,866 | |||
Buildings and Equipment | 29,209 | |||
Total | 32,075 | |||
Accumulated Depreciation | (421) | |||
27200 SW 127th Avenue | ||||
Initial Cost to Company | ||||
Land | 24,808 | |||
Buildings and Equipment | 22,762 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (8,376) | |||
Gross Amount Carried at Close of Period | ||||
Land | 20,440 | |||
Buildings and Equipment | 18,754 | |||
Total | 39,194 | |||
Accumulated Depreciation | (271) | |||
3155 Grissom Parkway | ||||
Initial Cost to Company | ||||
Land | 3,101 | |||
Buildings and Equipment | 20,542 | |||
Costs Capitalized Subsequent to Acquisition | 27 | |||
Impairment/ Writedowns | (4,620) | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,494 | |||
Buildings and Equipment | 16,556 | |||
Total | 19,050 | |||
Accumulated Depreciation | (279) | |||
950 Bennett Road | ||||
Initial Cost to Company | ||||
Land | 2,701 | |||
Buildings and Equipment | 12,334 | |||
Costs Capitalized Subsequent to Acquisition | 215 | |||
Impairment/ Writedowns | (737) | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,568 | |||
Buildings and Equipment | 11,945 | |||
Total | 14,513 | |||
Accumulated Depreciation | (200) | |||
3736 Salisbury Road | ||||
Initial Cost to Company | ||||
Land | 1,600 | |||
Buildings and Equipment | 12,071 | |||
Costs Capitalized Subsequent to Acquisition | 158 | |||
Impairment/ Writedowns | (2,998) | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,250 | |||
Buildings and Equipment | 9,581 | |||
Total | 10,831 | |||
Accumulated Depreciation | (240) | |||
1341 N. Clyde Morris Boulevard | ||||
Initial Cost to Company | ||||
Land | 3,001 | |||
Buildings and Equipment | 38,858 | |||
Costs Capitalized Subsequent to Acquisition | 486 | |||
Impairment/ Writedowns | (1,762) | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,875 | |||
Buildings and Equipment | 37,708 | |||
Total | 40,583 | |||
Accumulated Depreciation | (537) | |||
5000 North Ridge Trail | ||||
Initial Cost to Company | ||||
Land | 4,001 | |||
Buildings and Equipment | 52,290 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,001 | |||
Buildings and Equipment | 52,290 | |||
Total | 56,291 | |||
Accumulated Depreciation | (1,270) | |||
14001 Jetport Loop | ||||
Initial Cost to Company | ||||
Land | 5,902 | |||
Buildings and Equipment | 25,616 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 5,902 | |||
Buildings and Equipment | 25,616 | |||
Total | 31,518 | |||
Accumulated Depreciation | (622) | |||
8411 Florida Mining Boulevard | ||||
Initial Cost to Company | ||||
Land | 7,602 | |||
Buildings and Equipment | 29,985 | |||
Costs Capitalized Subsequent to Acquisition | 19 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 7,602 | |||
Buildings and Equipment | 30,004 | |||
Total | 37,606 | |||
Accumulated Depreciation | (851) | |||
5101 West Waters Avenue | ||||
Initial Cost to Company | ||||
Land | 3,101 | |||
Buildings and Equipment | 12,134 | |||
Costs Capitalized Subsequent to Acquisition | 157 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,101 | |||
Buildings and Equipment | 12,291 | |||
Total | 15,392 | |||
Accumulated Depreciation | (413) | |||
3404 Cragmont Drive | ||||
Initial Cost to Company | ||||
Land | 1,600 | |||
Buildings and Equipment | 6,557 | |||
Costs Capitalized Subsequent to Acquisition | 160 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,600 | |||
Buildings and Equipment | 6,717 | |||
Total | 8,317 | |||
Accumulated Depreciation | (223) | |||
7569 Golf Course Boulevard | ||||
Initial Cost to Company | ||||
Land | 0 | |||
Buildings and Equipment | 6,042 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 0 | |||
Buildings and Equipment | 6,042 | |||
Total | 6,042 | |||
Accumulated Depreciation | (147) | |||
1900 Interstate Boulevard | ||||
Initial Cost to Company | ||||
Land | 500 | |||
Buildings and Equipment | 3,405 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 500 | |||
Buildings and Equipment | 3,405 | |||
Total | 3,905 | |||
Accumulated Depreciation | (96) | |||
2902 Gun Club Road | ||||
Initial Cost to Company | ||||
Land | 1,200 | |||
Buildings and Equipment | 9,861 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (6,995) | |||
Gross Amount Carried at Close of Period | ||||
Land | 441 | |||
Buildings and Equipment | 3,625 | |||
Total | 4,066 | |||
Accumulated Depreciation | (53) | |||
1078 Bertram Road | ||||
Initial Cost to Company | ||||
Land | 900 | |||
Buildings and Equipment | 1,867 | |||
Costs Capitalized Subsequent to Acquisition | 64 | |||
Impairment/ Writedowns | (1,374) | |||
Gross Amount Carried at Close of Period | ||||
Land | 453 | |||
Buildings and Equipment | 1,004 | |||
Total | 1,457 | |||
Accumulated Depreciation | (24) | |||
590 Northport Parkway | ||||
Initial Cost to Company | ||||
Land | 16,905 | |||
Buildings and Equipment | 66,945 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 16,905 | |||
Buildings and Equipment | 66,945 | |||
Total | 83,850 | |||
Accumulated Depreciation | (1,626) | |||
3150 Highway 42 | ||||
Initial Cost to Company | ||||
Land | 9,803 | |||
Buildings and Equipment | 109,420 | |||
Costs Capitalized Subsequent to Acquisition | 41 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 9,803 | |||
Buildings and Equipment | 109,461 | |||
Total | 119,264 | |||
Accumulated Depreciation | (2,657) | |||
650 Braselton Parkway | ||||
Initial Cost to Company | ||||
Land | 6,902 | |||
Buildings and Equipment | 82,238 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 6,902 | |||
Buildings and Equipment | 82,238 | |||
Total | 89,140 | |||
Accumulated Depreciation | (1,997) | |||
700 Hudson Road | ||||
Initial Cost to Company | ||||
Land | 900 | |||
Buildings and Equipment | 20,442 | |||
Costs Capitalized Subsequent to Acquisition | 45 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 900 | |||
Buildings and Equipment | 20,487 | |||
Total | 21,387 | |||
Accumulated Depreciation | (695) | |||
505 Morgan Lakes Industrial Blvd. | ||||
Initial Cost to Company | ||||
Land | 8,203 | |||
Buildings and Equipment | 31,714 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 8,203 | |||
Buildings and Equipment | 31,714 | |||
Total | 39,917 | |||
Accumulated Depreciation | (770) | |||
2002 International Boulevard | ||||
Initial Cost to Company | ||||
Land | 3,818 | |||
Buildings and Equipment | 30,780 | |||
Costs Capitalized Subsequent to Acquisition | 2 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,819 | |||
Buildings and Equipment | 30,781 | |||
Total | 34,600 | |||
Accumulated Depreciation | (408) | |||
2815 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,818 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 6 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,818 | |||
Buildings and Equipment | 6 | |||
Total | 1,824 | |||
Accumulated Depreciation | (2) | |||
609 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 616 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 616 | |||
Buildings and Equipment | 0 | |||
Total | 616 | |||
Accumulated Depreciation | 0 | |||
2849 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 860 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 860 | |||
Buildings and Equipment | 0 | |||
Total | 860 | |||
Accumulated Depreciation | 0 | |||
709 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2839 Kilihau Street | ||||
Initial Cost to Company | ||||
Land | 627 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 627 | |||
Buildings and Equipment | 0 | |||
Total | 627 | |||
Accumulated Depreciation | 0 | |||
2906 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,814 | |||
Buildings and Equipment | 2 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,814 | |||
Buildings and Equipment | 2 | |||
Total | 1,816 | |||
Accumulated Depreciation | (1) | |||
733 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 3,403 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,403 | |||
Buildings and Equipment | 0 | |||
Total | 3,403 | |||
Accumulated Depreciation | 0 | |||
2864 Awaawaloa Street | ||||
Initial Cost to Company | ||||
Land | 1,836 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 7 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,836 | |||
Buildings and Equipment | 7 | |||
Total | 1,843 | |||
Accumulated Depreciation | (6) | |||
2850 Awaawaloa Street | ||||
Initial Cost to Company | ||||
Land | 287 | |||
Buildings and Equipment | 172 | |||
Costs Capitalized Subsequent to Acquisition | (1) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 286 | |||
Buildings and Equipment | 172 | |||
Total | 458 | |||
Accumulated Depreciation | (82) | |||
2806 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2838 Kilihau Street | ||||
Initial Cost to Company | ||||
Land | 4,262 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,262 | |||
Buildings and Equipment | 0 | |||
Total | 4,262 | |||
Accumulated Depreciation | 0 | |||
852 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
812 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,960 | |||
Buildings and Equipment | 25 | |||
Costs Capitalized Subsequent to Acquisition | 628 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,613 | |||
Buildings and Equipment | 0 | |||
Total | 2,613 | |||
Accumulated Depreciation | 0 | |||
2969 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 4,038 | |||
Buildings and Equipment | 15 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,038 | |||
Buildings and Equipment | 15 | |||
Total | 4,053 | |||
Accumulated Depreciation | (10) | |||
855 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,834 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,834 | |||
Buildings and Equipment | 0 | |||
Total | 1,834 | |||
Accumulated Depreciation | 0 | |||
2855 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,807 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,807 | |||
Buildings and Equipment | 0 | |||
Total | 1,807 | |||
Accumulated Depreciation | 0 | |||
865 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,846 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,846 | |||
Buildings and Equipment | 0 | |||
Total | 1,846 | |||
Accumulated Depreciation | 0 | |||
719 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,960 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,960 | |||
Buildings and Equipment | 0 | |||
Total | 1,960 | |||
Accumulated Depreciation | 0 | |||
759 Puuloa Road | ||||
Initial Cost to Company | ||||
Land | 1,766 | |||
Buildings and Equipment | 3 | |||
Costs Capitalized Subsequent to Acquisition | (3) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,766 | |||
Buildings and Equipment | 0 | |||
Total | 1,766 | |||
Accumulated Depreciation | 0 | |||
770 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2915 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 2,579 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,579 | |||
Buildings and Equipment | 0 | |||
Total | 2,579 | |||
Accumulated Depreciation | 0 | |||
704 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 2,390 | |||
Buildings and Equipment | 685 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,390 | |||
Buildings and Equipment | 685 | |||
Total | 3,075 | |||
Accumulated Depreciation | (326) | |||
822 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,795 | |||
Buildings and Equipment | 15 | |||
Costs Capitalized Subsequent to Acquisition | (15) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,795 | |||
Buildings and Equipment | 0 | |||
Total | 1,795 | |||
Accumulated Depreciation | 0 | |||
842 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,795 | |||
Buildings and Equipment | 14 | |||
Costs Capitalized Subsequent to Acquisition | (14) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,795 | |||
Buildings and Equipment | 0 | |||
Total | 1,795 | |||
Accumulated Depreciation | 0 | |||
2839 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 1,942 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,942 | |||
Buildings and Equipment | 0 | |||
Total | 1,942 | |||
Accumulated Depreciation | 0 | |||
2861 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 3,867 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,867 | |||
Buildings and Equipment | 0 | |||
Total | 3,867 | |||
Accumulated Depreciation | 0 | |||
619 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,401 | |||
Buildings and Equipment | 2 | |||
Costs Capitalized Subsequent to Acquisition | 12 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,401 | |||
Buildings and Equipment | 14 | |||
Total | 1,415 | |||
Accumulated Depreciation | (3) | |||
2847 Awaawaloa Street | ||||
Initial Cost to Company | ||||
Land | 582 | |||
Buildings and Equipment | 303 | |||
Costs Capitalized Subsequent to Acquisition | 184 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 582 | |||
Buildings and Equipment | 487 | |||
Total | 1,069 | |||
Accumulated Depreciation | (167) | |||
2928 Kaihikapu Street - A | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2928 Kaihikapu Street - B | ||||
Initial Cost to Company | ||||
Land | 1,948 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,948 | |||
Buildings and Equipment | 0 | |||
Total | 1,948 | |||
Accumulated Depreciation | 0 | |||
850 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 2,682 | |||
Buildings and Equipment | 2 | |||
Costs Capitalized Subsequent to Acquisition | (2) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,682 | |||
Buildings and Equipment | 0 | |||
Total | 2,682 | |||
Accumulated Depreciation | 0 | |||
659 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 860 | |||
Buildings and Equipment | 20 | |||
Costs Capitalized Subsequent to Acquisition | (20) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 860 | |||
Buildings and Equipment | 0 | |||
Total | 860 | |||
Accumulated Depreciation | 0 | |||
2831 Awaawaloa Street | ||||
Initial Cost to Company | ||||
Land | 860 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 860 | |||
Buildings and Equipment | 0 | |||
Total | 860 | |||
Accumulated Depreciation | 0 | |||
2760 Kam Highway | ||||
Initial Cost to Company | ||||
Land | 703 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 191 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 703 | |||
Buildings and Equipment | 191 | |||
Total | 894 | |||
Accumulated Depreciation | (29) | |||
2965 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 2,140 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,140 | |||
Buildings and Equipment | 0 | |||
Total | 2,140 | |||
Accumulated Depreciation | 0 | |||
2814 Kilihau Street | ||||
Initial Cost to Company | ||||
Land | 1,925 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,925 | |||
Buildings and Equipment | 0 | |||
Total | 1,925 | |||
Accumulated Depreciation | 0 | |||
2804 Kilihau Street | ||||
Initial Cost to Company | ||||
Land | 1,775 | |||
Buildings and Equipment | 2 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,775 | |||
Buildings and Equipment | 2 | |||
Total | 1,777 | |||
Accumulated Depreciation | 0 | |||
2833 Kilihau Street | ||||
Initial Cost to Company | ||||
Land | 601 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 601 | |||
Buildings and Equipment | 0 | |||
Total | 601 | |||
Accumulated Depreciation | 0 | |||
692 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,796 | |||
Buildings and Equipment | 2 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,796 | |||
Buildings and Equipment | 2 | |||
Total | 1,798 | |||
Accumulated Depreciation | 0 | |||
669 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 14 | |||
Costs Capitalized Subsequent to Acquisition | 62 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 76 | |||
Total | 1,877 | |||
Accumulated Depreciation | (33) | |||
761 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 3,757 | |||
Buildings and Equipment | 2 | |||
Costs Capitalized Subsequent to Acquisition | 339 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,757 | |||
Buildings and Equipment | 341 | |||
Total | 4,098 | |||
Accumulated Depreciation | (35) | |||
702 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,784 | |||
Buildings and Equipment | 3 | |||
Costs Capitalized Subsequent to Acquisition | (4) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,783 | |||
Buildings and Equipment | 0 | |||
Total | 1,783 | |||
Accumulated Depreciation | 0 | |||
645 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 882 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 882 | |||
Buildings and Equipment | 0 | |||
Total | 882 | |||
Accumulated Depreciation | 0 | |||
675 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,081 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,081 | |||
Buildings and Equipment | 0 | |||
Total | 1,081 | |||
Accumulated Depreciation | 0 | |||
2858 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2857 Awaawaloa Street | ||||
Initial Cost to Company | ||||
Land | 983 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 983 | |||
Buildings and Equipment | 0 | |||
Total | 983 | |||
Accumulated Depreciation | 0 | |||
2812 Awaawaloa Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 3 | |||
Costs Capitalized Subsequent to Acquisition | (2) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 1 | |||
Total | 1,802 | |||
Accumulated Depreciation | 0 | |||
2809 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,837 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,837 | |||
Buildings and Equipment | 0 | |||
Total | 1,837 | |||
Accumulated Depreciation | 0 | |||
803 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 3,804 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,804 | |||
Buildings and Equipment | 0 | |||
Total | 3,804 | |||
Accumulated Depreciation | 0 | |||
2889 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 1,783 | |||
Buildings and Equipment | 5 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,783 | |||
Buildings and Equipment | 5 | |||
Total | 1,788 | |||
Accumulated Depreciation | 0 | |||
819 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 4,821 | |||
Buildings and Equipment | 583 | |||
Costs Capitalized Subsequent to Acquisition | 9 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,821 | |||
Buildings and Equipment | 592 | |||
Total | 5,413 | |||
Accumulated Depreciation | (287) | |||
830 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 25 | |||
Costs Capitalized Subsequent to Acquisition | (25) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2831 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,272 | |||
Buildings and Equipment | 529 | |||
Costs Capitalized Subsequent to Acquisition | 55 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,272 | |||
Buildings and Equipment | 584 | |||
Total | 1,856 | |||
Accumulated Depreciation | (277) | |||
2846-A Awaawaloa Street | ||||
Initial Cost to Company | ||||
Land | 2,181 | |||
Buildings and Equipment | 954 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,181 | |||
Buildings and Equipment | 954 | |||
Total | 3,135 | |||
Accumulated Depreciation | (454) | |||
2816 Awaawaloa Street | ||||
Initial Cost to Company | ||||
Land | 1,009 | |||
Buildings and Equipment | 27 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,009 | |||
Buildings and Equipment | 27 | |||
Total | 1,036 | |||
Accumulated Depreciation | (13) | |||
673 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
697 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 994 | |||
Buildings and Equipment | 811 | |||
Costs Capitalized Subsequent to Acquisition | (4) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 994 | |||
Buildings and Equipment | 807 | |||
Total | 1,801 | |||
Accumulated Depreciation | (384) | |||
808 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 3,279 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | (1) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,278 | |||
Buildings and Equipment | 0 | |||
Total | 3,278 | |||
Accumulated Depreciation | (7) | |||
659 Puuloa Road | ||||
Initial Cost to Company | ||||
Land | 1,807 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,807 | |||
Buildings and Equipment | 0 | |||
Total | 1,807 | |||
Accumulated Depreciation | 0 | |||
666 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 860 | |||
Buildings and Equipment | 2 | |||
Costs Capitalized Subsequent to Acquisition | (2) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 860 | |||
Buildings and Equipment | 0 | |||
Total | 860 | |||
Accumulated Depreciation | 0 | |||
679 Puuloa Road | ||||
Initial Cost to Company | ||||
Land | 1,807 | |||
Buildings and Equipment | 3 | |||
Costs Capitalized Subsequent to Acquisition | (3) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,807 | |||
Buildings and Equipment | 0 | |||
Total | 1,807 | |||
Accumulated Depreciation | 0 | |||
673 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 20 | |||
Costs Capitalized Subsequent to Acquisition | (20) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2827 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2826 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 3,921 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,921 | |||
Buildings and Equipment | 0 | |||
Total | 3,921 | |||
Accumulated Depreciation | 0 | |||
685 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2844 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,960 | |||
Buildings and Equipment | 14 | |||
Costs Capitalized Subsequent to Acquisition | (14) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,960 | |||
Buildings and Equipment | 0 | |||
Total | 1,960 | |||
Accumulated Depreciation | 0 | |||
789 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 2,608 | |||
Buildings and Equipment | 3 | |||
Costs Capitalized Subsequent to Acquisition | (3) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,608 | |||
Buildings and Equipment | 0 | |||
Total | 2,608 | |||
Accumulated Depreciation | 0 | |||
2808 Kam Highway | ||||
Initial Cost to Company | ||||
Land | 310 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 310 | |||
Buildings and Equipment | 0 | |||
Total | 310 | |||
Accumulated Depreciation | 0 | |||
2815 Kilihau Street | ||||
Initial Cost to Company | ||||
Land | 287 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 287 | |||
Buildings and Equipment | 0 | |||
Total | 287 | |||
Accumulated Depreciation | 0 | |||
2821 Kilihau Street | ||||
Initial Cost to Company | ||||
Land | 287 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 287 | |||
Buildings and Equipment | 0 | |||
Total | 287 | |||
Accumulated Depreciation | 0 | |||
2829 Kilihau Street | ||||
Initial Cost to Company | ||||
Land | 287 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 287 | |||
Buildings and Equipment | 0 | |||
Total | 287 | |||
Accumulated Depreciation | 0 | |||
2819 Mokumoa Street - A | ||||
Initial Cost to Company | ||||
Land | 1,821 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,821 | |||
Buildings and Equipment | 0 | |||
Total | 1,821 | |||
Accumulated Depreciation | 0 | |||
2819 Mokumoa Street - B | ||||
Initial Cost to Company | ||||
Land | 1,816 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,816 | |||
Buildings and Equipment | 0 | |||
Total | 1,816 | |||
Accumulated Depreciation | 0 | |||
2879 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 1,789 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,789 | |||
Buildings and Equipment | 0 | |||
Total | 1,789 | |||
Accumulated Depreciation | 0 | |||
2927 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 1,778 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,778 | |||
Buildings and Equipment | 0 | |||
Total | 1,778 | |||
Accumulated Depreciation | 0 | |||
2833 Paa Street #2 | ||||
Initial Cost to Company | ||||
Land | 1,675 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,675 | |||
Buildings and Equipment | 0 | |||
Total | 1,675 | |||
Accumulated Depreciation | 0 | |||
855 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 3,265 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,265 | |||
Buildings and Equipment | 0 | |||
Total | 3,265 | |||
Accumulated Depreciation | 0 | |||
2829 Awaawaloa Street | ||||
Initial Cost to Company | ||||
Land | 1,720 | |||
Buildings and Equipment | 2 | |||
Costs Capitalized Subsequent to Acquisition | (2) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,720 | |||
Buildings and Equipment | 0 | |||
Total | 1,720 | |||
Accumulated Depreciation | 0 | |||
766 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2908 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,798 | |||
Buildings and Equipment | 23 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,798 | |||
Buildings and Equipment | 23 | |||
Total | 1,821 | |||
Accumulated Depreciation | (3) | |||
729 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
739 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
2868 Kaihikapu Street | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 0 | |||
Total | 1,801 | |||
Accumulated Depreciation | 0 | |||
660 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,783 | |||
Buildings and Equipment | 4 | |||
Costs Capitalized Subsequent to Acquisition | (4) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,783 | |||
Buildings and Equipment | 0 | |||
Total | 1,783 | |||
Accumulated Depreciation | 0 | |||
2869 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 1,794 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,794 | |||
Buildings and Equipment | 0 | |||
Total | 1,794 | |||
Accumulated Depreciation | 0 | |||
2836 Awaawaloa Street | ||||
Initial Cost to Company | ||||
Land | 1,353 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,353 | |||
Buildings and Equipment | 0 | |||
Total | 1,353 | |||
Accumulated Depreciation | 0 | |||
113 Puuhale Road | ||||
Initial Cost to Company | ||||
Land | 3,729 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,729 | |||
Buildings and Equipment | 0 | |||
Total | 3,729 | |||
Accumulated Depreciation | 0 | |||
2140 Kaliawa Street | ||||
Initial Cost to Company | ||||
Land | 931 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 931 | |||
Buildings and Equipment | 0 | |||
Total | 931 | |||
Accumulated Depreciation | 0 | |||
165 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 758 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 758 | |||
Buildings and Equipment | 0 | |||
Total | 758 | |||
Accumulated Depreciation | 0 | |||
2106 Kaliawa Street | ||||
Initial Cost to Company | ||||
Land | 1,568 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 228 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,568 | |||
Buildings and Equipment | 228 | |||
Total | 1,796 | |||
Accumulated Depreciation | (124) | |||
140 Puuhale Road | ||||
Initial Cost to Company | ||||
Land | 1,100 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 41 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,100 | |||
Buildings and Equipment | 41 | |||
Total | 1,141 | |||
Accumulated Depreciation | (9) | |||
2020 Auiki Street | ||||
Initial Cost to Company | ||||
Land | 2,385 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,385 | |||
Buildings and Equipment | 0 | |||
Total | 2,385 | |||
Accumulated Depreciation | 0 | |||
2103 Kaliawa Street | ||||
Initial Cost to Company | ||||
Land | 3,212 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,212 | |||
Buildings and Equipment | 0 | |||
Total | 3,212 | |||
Accumulated Depreciation | 0 | |||
1926 Auiki Street | ||||
Initial Cost to Company | ||||
Land | 2,872 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 1,722 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,872 | |||
Buildings and Equipment | 1,722 | |||
Total | 4,594 | |||
Accumulated Depreciation | (709) | |||
1931 Kahai Street | ||||
Initial Cost to Company | ||||
Land | 3,779 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,779 | |||
Buildings and Equipment | 0 | |||
Total | 3,779 | |||
Accumulated Depreciation | 0 | |||
215 Puuhale Road | ||||
Initial Cost to Company | ||||
Land | 2,117 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,117 | |||
Buildings and Equipment | 0 | |||
Total | 2,117 | |||
Accumulated Depreciation | 0 | |||
207 Puuhale Road | ||||
Initial Cost to Company | ||||
Land | 2,024 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,024 | |||
Buildings and Equipment | 0 | |||
Total | 2,024 | |||
Accumulated Depreciation | 0 | |||
125 Puuhale Road | ||||
Initial Cost to Company | ||||
Land | 1,630 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,630 | |||
Buildings and Equipment | 0 | |||
Total | 1,630 | |||
Accumulated Depreciation | 0 | |||
125B Puuhale Road | ||||
Initial Cost to Company | ||||
Land | 2,815 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,815 | |||
Buildings and Equipment | 0 | |||
Total | 2,815 | |||
Accumulated Depreciation | 0 | |||
2001 Kahai Street | ||||
Initial Cost to Company | ||||
Land | 1,091 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,091 | |||
Buildings and Equipment | 0 | |||
Total | 1,091 | |||
Accumulated Depreciation | 0 | |||
2110 Auiki Street | ||||
Initial Cost to Company | ||||
Land | 837 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 837 | |||
Buildings and Equipment | 0 | |||
Total | 837 | |||
Accumulated Depreciation | 0 | |||
142 Mokauea Street | ||||
Initial Cost to Company | ||||
Land | 2,182 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 1,576 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,182 | |||
Buildings and Equipment | 1,576 | |||
Total | 3,758 | |||
Accumulated Depreciation | (541) | |||
2139 Kaliawa Street | ||||
Initial Cost to Company | ||||
Land | 885 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 885 | |||
Buildings and Equipment | 0 | |||
Total | 885 | |||
Accumulated Depreciation | 0 | |||
2122 Kaliawa Street | ||||
Initial Cost to Company | ||||
Land | 1,365 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,365 | |||
Buildings and Equipment | 0 | |||
Total | 1,365 | |||
Accumulated Depreciation | 0 | |||
148 Mokauea Street | ||||
Initial Cost to Company | ||||
Land | 3,476 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,476 | |||
Buildings and Equipment | 0 | |||
Total | 3,476 | |||
Accumulated Depreciation | 0 | |||
151 Puuhale Road | ||||
Initial Cost to Company | ||||
Land | 1,956 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 48 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,956 | |||
Buildings and Equipment | 48 | |||
Total | 2,004 | |||
Accumulated Depreciation | (2) | |||
2127 Auiki Street | ||||
Initial Cost to Company | ||||
Land | 2,906 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 67 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,906 | |||
Buildings and Equipment | 67 | |||
Total | 2,973 | |||
Accumulated Depreciation | (38) | |||
2144 Auiki Street | ||||
Initial Cost to Company | ||||
Land | 2,640 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 7,594 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,640 | |||
Buildings and Equipment | 7,594 | |||
Total | 10,234 | |||
Accumulated Depreciation | (2,925) | |||
179 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 2,480 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,480 | |||
Buildings and Equipment | 0 | |||
Total | 2,480 | |||
Accumulated Depreciation | 0 | |||
106 Puuhale Road | ||||
Initial Cost to Company | ||||
Land | 1,113 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 274 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,113 | |||
Buildings and Equipment | 274 | |||
Total | 1,387 | |||
Accumulated Depreciation | (112) | |||
120 Mokauea Street | ||||
Initial Cost to Company | ||||
Land | 1,953 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 1,091 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,953 | |||
Buildings and Equipment | 1,091 | |||
Total | 3,044 | |||
Accumulated Depreciation | (228) | |||
120B Mokauea Street | ||||
Initial Cost to Company | ||||
Land | 1,953 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,953 | |||
Buildings and Equipment | 0 | |||
Total | 1,953 | |||
Accumulated Depreciation | 0 | |||
231 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 752 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 752 | |||
Buildings and Equipment | 0 | |||
Total | 752 | |||
Accumulated Depreciation | 0 | |||
231B Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 1,539 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,539 | |||
Buildings and Equipment | 0 | |||
Total | 1,539 | |||
Accumulated Depreciation | 0 | |||
220 Puuhale Road | ||||
Initial Cost to Company | ||||
Land | 2,619 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,619 | |||
Buildings and Equipment | 0 | |||
Total | 2,619 | |||
Accumulated Depreciation | 0 | |||
150 Puuhale Road | ||||
Initial Cost to Company | ||||
Land | 4,887 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,887 | |||
Buildings and Equipment | 0 | |||
Total | 4,887 | |||
Accumulated Depreciation | 0 | |||
197 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 1,238 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,238 | |||
Buildings and Equipment | 0 | |||
Total | 1,238 | |||
Accumulated Depreciation | 0 | |||
2019 Kahai Street | ||||
Initial Cost to Company | ||||
Land | 1,377 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,377 | |||
Buildings and Equipment | 0 | |||
Total | 1,377 | |||
Accumulated Depreciation | 0 | |||
2344 Pahounui Drive | ||||
Initial Cost to Company | ||||
Land | 6,709 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 6,709 | |||
Buildings and Equipment | 0 | |||
Total | 6,709 | |||
Accumulated Depreciation | 0 | |||
238 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 2,273 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,273 | |||
Buildings and Equipment | 0 | |||
Total | 2,273 | |||
Accumulated Depreciation | 0 | |||
2308 Pahounui Drive | ||||
Initial Cost to Company | ||||
Land | 3,314 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,314 | |||
Buildings and Equipment | 0 | |||
Total | 3,314 | |||
Accumulated Depreciation | 0 | |||
2135 Auiki Street | ||||
Initial Cost to Company | ||||
Land | 825 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 825 | |||
Buildings and Equipment | 0 | |||
Total | 825 | |||
Accumulated Depreciation | 0 | |||
218 Mohonua Place | ||||
Initial Cost to Company | ||||
Land | 1,741 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,741 | |||
Buildings and Equipment | 0 | |||
Total | 1,741 | |||
Accumulated Depreciation | 0 | |||
180 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 1,655 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,655 | |||
Buildings and Equipment | 0 | |||
Total | 1,655 | |||
Accumulated Depreciation | 0 | |||
2250 Pahounui Drive | ||||
Initial Cost to Company | ||||
Land | 3,862 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,862 | |||
Buildings and Equipment | 0 | |||
Total | 3,862 | |||
Accumulated Depreciation | 0 | |||
158 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 2,488 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,488 | |||
Buildings and Equipment | 0 | |||
Total | 2,488 | |||
Accumulated Depreciation | 0 | |||
2264 Pahounui Drive | ||||
Initial Cost to Company | ||||
Land | 1,632 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,632 | |||
Buildings and Equipment | 0 | |||
Total | 1,632 | |||
Accumulated Depreciation | 0 | |||
2276 Pahounui Drive | ||||
Initial Cost to Company | ||||
Land | 1,619 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,619 | |||
Buildings and Equipment | 0 | |||
Total | 1,619 | |||
Accumulated Depreciation | 0 | |||
204 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 1,689 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,689 | |||
Buildings and Equipment | 0 | |||
Total | 1,689 | |||
Accumulated Depreciation | 0 | |||
228 Mohonua Place | ||||
Initial Cost to Company | ||||
Land | 1,865 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,865 | |||
Buildings and Equipment | 0 | |||
Total | 1,865 | |||
Accumulated Depreciation | 0 | |||
212 Mohonua Place | ||||
Initial Cost to Company | ||||
Land | 1,067 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,067 | |||
Buildings and Equipment | 0 | |||
Total | 1,067 | |||
Accumulated Depreciation | 0 | |||
214 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 1,864 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 593 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,864 | |||
Buildings and Equipment | 593 | |||
Total | 2,457 | |||
Accumulated Depreciation | (161) | |||
2879 Paa Street | ||||
Initial Cost to Company | ||||
Land | 1,691 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 44 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,691 | |||
Buildings and Equipment | 44 | |||
Total | 1,735 | |||
Accumulated Depreciation | (16) | |||
2833 Paa Street | ||||
Initial Cost to Company | ||||
Land | 1,701 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,701 | |||
Buildings and Equipment | 0 | |||
Total | 1,701 | |||
Accumulated Depreciation | 0 | |||
1055 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,216 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,216 | |||
Buildings and Equipment | 0 | |||
Total | 1,216 | |||
Accumulated Depreciation | 0 | |||
2875 Paa Street | ||||
Initial Cost to Company | ||||
Land | 1,330 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,330 | |||
Buildings and Equipment | 0 | |||
Total | 1,330 | |||
Accumulated Depreciation | 0 | |||
1000 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 2,252 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,252 | |||
Buildings and Equipment | 0 | |||
Total | 2,252 | |||
Accumulated Depreciation | 0 | |||
2850 Paa Street | ||||
Initial Cost to Company | ||||
Land | 22,827 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 22,827 | |||
Buildings and Equipment | 0 | |||
Total | 22,827 | |||
Accumulated Depreciation | 0 | |||
2828 Paa Street | ||||
Initial Cost to Company | ||||
Land | 12,448 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 12,448 | |||
Buildings and Equipment | 0 | |||
Total | 12,448 | |||
Accumulated Depreciation | 0 | |||
1045 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 819 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 819 | |||
Buildings and Equipment | 0 | |||
Total | 819 | |||
Accumulated Depreciation | 0 | |||
1122 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 5,781 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 5,781 | |||
Buildings and Equipment | 0 | |||
Total | 5,781 | |||
Accumulated Depreciation | 0 | |||
2810 Paa Street | ||||
Initial Cost to Company | ||||
Land | 3,340 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,340 | |||
Buildings and Equipment | 0 | |||
Total | 3,340 | |||
Accumulated Depreciation | 0 | |||
2886 Paa Street | ||||
Initial Cost to Company | ||||
Land | 2,205 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,205 | |||
Buildings and Equipment | 0 | |||
Total | 2,205 | |||
Accumulated Depreciation | 0 | |||
2810 Pukoloa Street | ||||
Initial Cost to Company | ||||
Land | 27,699 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 27,699 | |||
Buildings and Equipment | 0 | |||
Total | 27,699 | |||
Accumulated Depreciation | 0 | |||
1052 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,703 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 240 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,703 | |||
Buildings and Equipment | 240 | |||
Total | 1,943 | |||
Accumulated Depreciation | (104) | |||
1024 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,385 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,385 | |||
Buildings and Equipment | 0 | |||
Total | 1,385 | |||
Accumulated Depreciation | 0 | |||
1030 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 5,655 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 5,655 | |||
Buildings and Equipment | 0 | |||
Total | 5,655 | |||
Accumulated Depreciation | 0 | |||
1001 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 15,155 | |||
Buildings and Equipment | 3,312 | |||
Costs Capitalized Subsequent to Acquisition | 92 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 15,155 | |||
Buildings and Equipment | 3,404 | |||
Total | 18,559 | |||
Accumulated Depreciation | (1,609) | |||
944 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,219 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,219 | |||
Buildings and Equipment | 0 | |||
Total | 1,219 | |||
Accumulated Depreciation | 0 | |||
918 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 3,820 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,820 | |||
Buildings and Equipment | 0 | |||
Total | 3,820 | |||
Accumulated Depreciation | 0 | |||
2864 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 2,092 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,092 | |||
Buildings and Equipment | 0 | |||
Total | 2,092 | |||
Accumulated Depreciation | 0 | |||
1050 Kikowaena Place | ||||
Initial Cost to Company | ||||
Land | 1,404 | |||
Buildings and Equipment | 873 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,404 | |||
Buildings and Equipment | 873 | |||
Total | 2,277 | |||
Accumulated Depreciation | (416) | |||
949 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 11,568 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 11,568 | |||
Buildings and Equipment | 0 | |||
Total | 11,568 | |||
Accumulated Depreciation | 0 | |||
2855 Pukoloa Street | ||||
Initial Cost to Company | ||||
Land | 1,934 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,934 | |||
Buildings and Equipment | 0 | |||
Total | 1,934 | |||
Accumulated Depreciation | 0 | |||
2865 Pukoloa Street | ||||
Initial Cost to Company | ||||
Land | 1,934 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,934 | |||
Buildings and Equipment | 0 | |||
Total | 1,934 | |||
Accumulated Depreciation | 0 | |||
2850 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 2,143 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,143 | |||
Buildings and Equipment | 0 | |||
Total | 2,143 | |||
Accumulated Depreciation | 0 | |||
905 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 1,148 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,148 | |||
Buildings and Equipment | 0 | |||
Total | 1,148 | |||
Accumulated Depreciation | 0 | |||
1150 Kikowaena Street | ||||
Initial Cost to Company | ||||
Land | 2,445 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,445 | |||
Buildings and Equipment | 0 | |||
Total | 2,445 | |||
Accumulated Depreciation | 0 | |||
960 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 614 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 614 | |||
Buildings and Equipment | 0 | |||
Total | 614 | |||
Accumulated Depreciation | 0 | |||
1062 Kikowaena Place | ||||
Initial Cost to Company | ||||
Land | 1,049 | |||
Buildings and Equipment | 598 | |||
Costs Capitalized Subsequent to Acquisition | 125 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,049 | |||
Buildings and Equipment | 723 | |||
Total | 1,772 | |||
Accumulated Depreciation | (294) | |||
2829 Pukoloa Street | ||||
Initial Cost to Company | ||||
Land | 2,088 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,088 | |||
Buildings and Equipment | 0 | |||
Total | 2,088 | |||
Accumulated Depreciation | 0 | |||
2841 Pukoloa Street | ||||
Initial Cost to Company | ||||
Land | 2,088 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,088 | |||
Buildings and Equipment | 0 | |||
Total | 2,088 | |||
Accumulated Depreciation | 0 | |||
2819 Pukoloa Street | ||||
Initial Cost to Company | ||||
Land | 2,090 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 34 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,090 | |||
Buildings and Equipment | 34 | |||
Total | 2,124 | |||
Accumulated Depreciation | (12) | |||
950 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,724 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,724 | |||
Buildings and Equipment | 0 | |||
Total | 1,724 | |||
Accumulated Depreciation | 0 | |||
960 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 1,933 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,933 | |||
Buildings and Equipment | 0 | |||
Total | 1,933 | |||
Accumulated Depreciation | 0 | |||
930 Mapunapuna Street | ||||
Initial Cost to Company | ||||
Land | 3,654 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,654 | |||
Buildings and Equipment | 0 | |||
Total | 3,654 | |||
Accumulated Depreciation | 0 | |||
1038 Kikowaena Place | ||||
Initial Cost to Company | ||||
Land | 2,576 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,576 | |||
Buildings and Equipment | 0 | |||
Total | 2,576 | |||
Accumulated Depreciation | 0 | |||
1024 Kikowaena Place | ||||
Initial Cost to Company | ||||
Land | 1,818 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,818 | |||
Buildings and Equipment | 0 | |||
Total | 1,818 | |||
Accumulated Depreciation | 0 | |||
2970 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 1,722 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,722 | |||
Buildings and Equipment | 0 | |||
Total | 1,722 | |||
Accumulated Depreciation | 0 | |||
970 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 817 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 817 | |||
Buildings and Equipment | 0 | |||
Total | 817 | |||
Accumulated Depreciation | 0 | |||
2840 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 2,149 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,149 | |||
Buildings and Equipment | 0 | |||
Total | 2,149 | |||
Accumulated Depreciation | 0 | |||
2830 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 2,146 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,146 | |||
Buildings and Equipment | 0 | |||
Total | 2,146 | |||
Accumulated Depreciation | 0 | |||
1027 Kikowaena Place | ||||
Initial Cost to Company | ||||
Land | 5,444 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 5,444 | |||
Buildings and Equipment | 0 | |||
Total | 5,444 | |||
Accumulated Depreciation | 0 | |||
2960 Mokumoa Street | ||||
Initial Cost to Company | ||||
Land | 1,977 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,977 | |||
Buildings and Equipment | 0 | |||
Total | 1,977 | |||
Accumulated Depreciation | 0 | |||
80 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 7,972 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 7,972 | |||
Buildings and Equipment | 0 | |||
Total | 7,972 | |||
Accumulated Depreciation | 0 | |||
94-240 Pupuole Street | ||||
Initial Cost to Company | ||||
Land | 717 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 717 | |||
Buildings and Equipment | 0 | |||
Total | 717 | |||
Accumulated Depreciation | 0 | |||
525 N. King Street | ||||
Initial Cost to Company | ||||
Land | 1,342 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,342 | |||
Buildings and Equipment | 0 | |||
Total | 1,342 | |||
Accumulated Depreciation | 0 | |||
1360 Pali Highway | ||||
Initial Cost to Company | ||||
Land | 9,170 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 161 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 9,170 | |||
Buildings and Equipment | 161 | |||
Total | 9,331 | |||
Accumulated Depreciation | (146) | |||
1330 Pali Highway | ||||
Initial Cost to Company | ||||
Land | 1,423 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,423 | |||
Buildings and Equipment | 0 | |||
Total | 1,423 | |||
Accumulated Depreciation | 0 | |||
33 S. Vineyard Boulevard | ||||
Initial Cost to Company | ||||
Land | 844 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 844 | |||
Buildings and Equipment | 0 | |||
Total | 844 | |||
Accumulated Depreciation | 0 | |||
848 Ala Lilikoi Street | ||||
Initial Cost to Company | ||||
Land | 9,426 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 9,426 | |||
Buildings and Equipment | 0 | |||
Total | 9,426 | |||
Accumulated Depreciation | 0 | |||
846 Ala Lilikoi Street | ||||
Initial Cost to Company | ||||
Land | 234 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 234 | |||
Buildings and Equipment | 0 | |||
Total | 234 | |||
Accumulated Depreciation | 0 | |||
2635 Waiwai Loop A | ||||
Initial Cost to Company | ||||
Land | 934 | |||
Buildings and Equipment | 350 | |||
Costs Capitalized Subsequent to Acquisition | 683 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 934 | |||
Buildings and Equipment | 1,033 | |||
Total | 1,967 | |||
Accumulated Depreciation | (355) | |||
2635 Waiwai Loop B | ||||
Initial Cost to Company | ||||
Land | 1,177 | |||
Buildings and Equipment | 105 | |||
Costs Capitalized Subsequent to Acquisition | 682 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,177 | |||
Buildings and Equipment | 787 | |||
Total | 1,964 | |||
Accumulated Depreciation | (238) | |||
120 Sand Island Access Road | ||||
Initial Cost to Company | ||||
Land | 1,132 | |||
Buildings and Equipment | 11,307 | |||
Costs Capitalized Subsequent to Acquisition | 1,452 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,132 | |||
Buildings and Equipment | 12,759 | |||
Total | 13,891 | |||
Accumulated Depreciation | (5,624) | |||
91-222 Olai | ||||
Initial Cost to Company | ||||
Land | 2,035 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 77 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,035 | |||
Buildings and Equipment | 77 | |||
Total | 2,112 | |||
Accumulated Depreciation | (3) | |||
91-265 Hanua | ||||
Initial Cost to Company | ||||
Land | 1,569 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,569 | |||
Buildings and Equipment | 0 | |||
Total | 1,569 | |||
Accumulated Depreciation | 0 | |||
91-255 Hanua | ||||
Initial Cost to Company | ||||
Land | 1,230 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 35 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,230 | |||
Buildings and Equipment | 35 | |||
Total | 1,265 | |||
Accumulated Depreciation | (8) | |||
91-241 Kalaeloa | ||||
Initial Cost to Company | ||||
Land | 426 | |||
Buildings and Equipment | 3,983 | |||
Costs Capitalized Subsequent to Acquisition | 883 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 426 | |||
Buildings and Equipment | 4,866 | |||
Total | 5,292 | |||
Accumulated Depreciation | (2,002) | |||
91-141 Kalaeloa | ||||
Initial Cost to Company | ||||
Land | 11,624 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 11,624 | |||
Buildings and Equipment | 0 | |||
Total | 11,624 | |||
Accumulated Depreciation | 0 | |||
91-250 Komohana | ||||
Initial Cost to Company | ||||
Land | 1,506 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,506 | |||
Buildings and Equipment | 0 | |||
Total | 1,506 | |||
Accumulated Depreciation | 0 | |||
91-202 Kalaeloa | ||||
Initial Cost to Company | ||||
Land | 1,722 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 326 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,722 | |||
Buildings and Equipment | 326 | |||
Total | 2,048 | |||
Accumulated Depreciation | (77) | |||
91-080 Hanua | ||||
Initial Cost to Company | ||||
Land | 2,187 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,187 | |||
Buildings and Equipment | 0 | |||
Total | 2,187 | |||
Accumulated Depreciation | 0 | |||
91-027 Kaomi Loop | ||||
Initial Cost to Company | ||||
Land | 2,667 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,667 | |||
Buildings and Equipment | 0 | |||
Total | 2,667 | |||
Accumulated Depreciation | 0 | |||
91-185 Kalaeloa | ||||
Initial Cost to Company | ||||
Land | 1,761 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 81 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,761 | |||
Buildings and Equipment | 81 | |||
Total | 1,842 | |||
Accumulated Depreciation | (2) | |||
91-329 Kauhi | ||||
Initial Cost to Company | ||||
Land | 294 | |||
Buildings and Equipment | 2,297 | |||
Costs Capitalized Subsequent to Acquisition | 2,783 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 294 | |||
Buildings and Equipment | 5,080 | |||
Total | 5,374 | |||
Accumulated Depreciation | (2,165) | |||
91-399 Kauhi | ||||
Initial Cost to Company | ||||
Land | 27,405 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 27,405 | |||
Buildings and Equipment | 0 | |||
Total | 27,405 | |||
Accumulated Depreciation | 0 | |||
91-086 Kaomi Loop | ||||
Initial Cost to Company | ||||
Land | 13,884 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 13,884 | |||
Buildings and Equipment | 0 | |||
Total | 13,884 | |||
Accumulated Depreciation | 0 | |||
91-349 Kauhi | ||||
Initial Cost to Company | ||||
Land | 649 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 649 | |||
Buildings and Equipment | 0 | |||
Total | 649 | |||
Accumulated Depreciation | 0 | |||
91-400 Komohana | ||||
Initial Cost to Company | ||||
Land | 1,494 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,494 | |||
Buildings and Equipment | 0 | |||
Total | 1,494 | |||
Accumulated Depreciation | 0 | |||
91-174 Olai | ||||
Initial Cost to Company | ||||
Land | 962 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 47 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 962 | |||
Buildings and Equipment | 47 | |||
Total | 1,009 | |||
Accumulated Depreciation | (28) | |||
91-218 Olai | ||||
Initial Cost to Company | ||||
Land | 1,622 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 62 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,622 | |||
Buildings and Equipment | 62 | |||
Total | 1,684 | |||
Accumulated Depreciation | (34) | |||
91-175 Olai | ||||
Initial Cost to Company | ||||
Land | 1,243 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 87 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,243 | |||
Buildings and Equipment | 87 | |||
Total | 1,330 | |||
Accumulated Depreciation | (32) | |||
91-210 Olai | ||||
Initial Cost to Company | ||||
Land | 706 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 706 | |||
Buildings and Equipment | 0 | |||
Total | 706 | |||
Accumulated Depreciation | 0 | |||
91-087 Hanua | ||||
Initial Cost to Company | ||||
Land | 381 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 381 | |||
Buildings and Equipment | 0 | |||
Total | 381 | |||
Accumulated Depreciation | 0 | |||
91-083 Hanua | ||||
Initial Cost to Company | ||||
Land | 716 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 716 | |||
Buildings and Equipment | 0 | |||
Total | 716 | |||
Accumulated Depreciation | 0 | |||
91-091 Hanua | ||||
Initial Cost to Company | ||||
Land | 552 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 552 | |||
Buildings and Equipment | 0 | |||
Total | 552 | |||
Accumulated Depreciation | 0 | |||
91-220 Kalaeloa | ||||
Initial Cost to Company | ||||
Land | 242 | |||
Buildings and Equipment | 1,457 | |||
Costs Capitalized Subsequent to Acquisition | 155 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 242 | |||
Buildings and Equipment | 1,612 | |||
Total | 1,854 | |||
Accumulated Depreciation | (677) | |||
91-252 Kauhi | ||||
Initial Cost to Company | ||||
Land | 536 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 536 | |||
Buildings and Equipment | 0 | |||
Total | 536 | |||
Accumulated Depreciation | 0 | |||
91-259 Olai | ||||
Initial Cost to Company | ||||
Land | 2,944 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,944 | |||
Buildings and Equipment | 0 | |||
Total | 2,944 | |||
Accumulated Depreciation | 0 | |||
91-238 Kauhi | ||||
Initial Cost to Company | ||||
Land | 1,390 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 9,495 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,390 | |||
Buildings and Equipment | 9,495 | |||
Total | 10,885 | |||
Accumulated Depreciation | (3,594) | |||
91-416 Komohana | ||||
Initial Cost to Company | ||||
Land | 713 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 11 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 713 | |||
Buildings and Equipment | 11 | |||
Total | 724 | |||
Accumulated Depreciation | (5) | |||
91-410 Komohana | ||||
Initial Cost to Company | ||||
Land | 418 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 12 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 418 | |||
Buildings and Equipment | 12 | |||
Total | 430 | |||
Accumulated Depreciation | (6) | |||
91-300 Hanua | ||||
Initial Cost to Company | ||||
Land | 1,381 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 18 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,381 | |||
Buildings and Equipment | 18 | |||
Total | 1,399 | |||
Accumulated Depreciation | (2) | |||
91-171 Olai | ||||
Initial Cost to Company | ||||
Land | 218 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 13 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 218 | |||
Buildings and Equipment | 13 | |||
Total | 231 | |||
Accumulated Depreciation | (7) | |||
91-210 Kauhi | ||||
Initial Cost to Company | ||||
Land | 567 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 663 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 567 | |||
Buildings and Equipment | 663 | |||
Total | 1,230 | |||
Accumulated Depreciation | (43) | |||
91-110 Kaomi Loop | ||||
Initial Cost to Company | ||||
Land | 1,293 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,293 | |||
Buildings and Equipment | 0 | |||
Total | 1,293 | |||
Accumulated Depreciation | 0 | |||
91-102 Kaomi Loop | ||||
Initial Cost to Company | ||||
Land | 1,599 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,599 | |||
Buildings and Equipment | 0 | |||
Total | 1,599 | |||
Accumulated Depreciation | 0 | |||
91-064 Kaomi Loop | ||||
Initial Cost to Company | ||||
Land | 1,826 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,826 | |||
Buildings and Equipment | 0 | |||
Total | 1,826 | |||
Accumulated Depreciation | 0 | |||
91-119 Olai | ||||
Initial Cost to Company | ||||
Land | 1,981 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,981 | |||
Buildings and Equipment | 0 | |||
Total | 1,981 | |||
Accumulated Depreciation | 0 | |||
91-150 Kaomi Loop | ||||
Initial Cost to Company | ||||
Land | 3,159 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,159 | |||
Buildings and Equipment | 0 | |||
Total | 3,159 | |||
Accumulated Depreciation | 0 | |||
Texaco Easement | ||||
Initial Cost to Company | ||||
Land | 2,657 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,657 | |||
Buildings and Equipment | 0 | |||
Total | 2,657 | |||
Accumulated Depreciation | 0 | |||
Tesaro 967 Easement | ||||
Initial Cost to Company | ||||
Land | 6,593 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 6,593 | |||
Buildings and Equipment | 0 | |||
Total | 6,593 | |||
Accumulated Depreciation | 0 | |||
AES HI Easement | ||||
Initial Cost to Company | ||||
Land | 1,250 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,250 | |||
Buildings and Equipment | 0 | |||
Total | 1,250 | |||
Accumulated Depreciation | 0 | |||
Other Easements & Lots | ||||
Initial Cost to Company | ||||
Land | 358 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 1,437 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 358 | |||
Buildings and Equipment | 1,437 | |||
Total | 1,795 | |||
Accumulated Depreciation | (682) | |||
889 Ahua Street | ||||
Initial Cost to Company | ||||
Land | 5,888 | |||
Buildings and Equipment | 315 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 5,888 | |||
Buildings and Equipment | 315 | |||
Total | 6,203 | |||
Accumulated Depreciation | (80) | |||
951 Trails Road | ||||
Initial Cost to Company | ||||
Land | 470 | |||
Buildings and Equipment | 7,480 | |||
Costs Capitalized Subsequent to Acquisition | 2,278 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 470 | |||
Buildings and Equipment | 9,758 | |||
Total | 10,228 | |||
Accumulated Depreciation | (3,450) | |||
2300 North 33rd Avenue East | ||||
Initial Cost to Company | ||||
Land | 500 | |||
Buildings and Equipment | 13,236 | |||
Costs Capitalized Subsequent to Acquisition | 117 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 500 | |||
Buildings and Equipment | 13,353 | |||
Total | 13,853 | |||
Accumulated Depreciation | (4,802) | |||
3425 Maple Drive | ||||
Initial Cost to Company | ||||
Land | 100 | |||
Buildings and Equipment | 2,000 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 100 | |||
Buildings and Equipment | 2,000 | |||
Total | 2,100 | |||
Accumulated Depreciation | (213) | |||
4401 112th Street | ||||
Initial Cost to Company | ||||
Land | 800 | |||
Buildings and Equipment | 3,117 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 800 | |||
Buildings and Equipment | 3,117 | |||
Total | 3,917 | |||
Accumulated Depreciation | (132) | |||
7121 South Fifth Avenue | ||||
Initial Cost to Company | ||||
Land | 400 | |||
Buildings and Equipment | 4,201 | |||
Costs Capitalized Subsequent to Acquisition | 581 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 400 | |||
Buildings and Equipment | 4,782 | |||
Total | 5,182 | |||
Accumulated Depreciation | (896) | |||
2580 Technology Drive | ||||
Initial Cost to Company | ||||
Land | 1,500 | |||
Buildings and Equipment | 9,068 | |||
Costs Capitalized Subsequent to Acquisition | 16 | |||
Impairment/ Writedowns | (3,053) | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,067 | |||
Buildings and Equipment | 6,464 | |||
Total | 7,531 | |||
Accumulated Depreciation | (164) | |||
5795 Logistics Parkway | ||||
Initial Cost to Company | ||||
Land | 400 | |||
Buildings and Equipment | 3,368 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (688) | |||
Gross Amount Carried at Close of Period | ||||
Land | 327 | |||
Buildings and Equipment | 2,753 | |||
Total | 3,080 | |||
Accumulated Depreciation | (46) | |||
1602 Vincent Drive | ||||
Initial Cost to Company | ||||
Land | 1,400 | |||
Buildings and Equipment | 27,028 | |||
Costs Capitalized Subsequent to Acquisition | 444 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,400 | |||
Buildings and Equipment | 27,472 | |||
Total | 28,872 | |||
Accumulated Depreciation | (676) | |||
6 Konzen Court | ||||
Initial Cost to Company | ||||
Land | 900 | |||
Buildings and Equipment | 20,268 | |||
Costs Capitalized Subsequent to Acquisition | 15 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 900 | |||
Buildings and Equipment | 20,283 | |||
Total | 21,183 | |||
Accumulated Depreciation | (861) | |||
1000 Knell Road | ||||
Initial Cost to Company | ||||
Land | 2,101 | |||
Buildings and Equipment | 19,258 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,101 | |||
Buildings and Equipment | 19,258 | |||
Total | 21,359 | |||
Accumulated Depreciation | (655) | |||
1430 South Wolf Road | ||||
Initial Cost to Company | ||||
Land | 4,702 | |||
Buildings and Equipment | 19,641 | |||
Costs Capitalized Subsequent to Acquisition | (1) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,701 | |||
Buildings and Equipment | 19,641 | |||
Total | 24,342 | |||
Accumulated Depreciation | (477) | |||
1270 North Wilkening | ||||
Initial Cost to Company | ||||
Land | 2,801 | |||
Buildings and Equipment | 7,733 | |||
Costs Capitalized Subsequent to Acquisition | 23 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,801 | |||
Buildings and Equipment | 7,756 | |||
Total | 10,557 | |||
Accumulated Depreciation | (329) | |||
4472 Technology Drive | ||||
Initial Cost to Company | ||||
Land | 400 | |||
Buildings and Equipment | 5,912 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 400 | |||
Buildings and Equipment | 5,912 | |||
Total | 6,312 | |||
Accumulated Depreciation | (168) | |||
7019 High Grove Boulevard | ||||
Initial Cost to Company | ||||
Land | 800 | |||
Buildings and Equipment | 1,090 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 800 | |||
Buildings and Equipment | 1,090 | |||
Total | 1,890 | |||
Accumulated Depreciation | (31) | |||
1230 West 171st Street | ||||
Initial Cost to Company | ||||
Land | 800 | |||
Buildings and Equipment | 1,673 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 800 | |||
Buildings and Equipment | 1,673 | |||
Total | 2,473 | |||
Accumulated Depreciation | (332) | |||
5156 American Road | ||||
Initial Cost to Company | ||||
Land | 400 | |||
Buildings and Equipment | 1,529 | |||
Costs Capitalized Subsequent to Acquisition | 348 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 400 | |||
Buildings and Equipment | 1,877 | |||
Total | 2,277 | |||
Accumulated Depreciation | (396) | |||
9215-9347 E Pendleton Pike | ||||
Initial Cost to Company | ||||
Land | 3,763 | |||
Buildings and Equipment | 34,877 | |||
Costs Capitalized Subsequent to Acquisition | 1 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,763 | |||
Buildings and Equipment | 34,878 | |||
Total | 38,641 | |||
Accumulated Depreciation | (3,867) | |||
6825 West County Road 400 North | ||||
Initial Cost to Company | ||||
Land | 918 | |||
Buildings and Equipment | 14,300 | |||
Costs Capitalized Subsequent to Acquisition | 924 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 918 | |||
Buildings and Equipment | 15,224 | |||
Total | 16,142 | |||
Accumulated Depreciation | (1,747) | |||
900 Commerce Parkway West Drive | ||||
Initial Cost to Company | ||||
Land | 1,483 | |||
Buildings and Equipment | 16,253 | |||
Costs Capitalized Subsequent to Acquisition | 9 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,483 | |||
Buildings and Equipment | 16,262 | |||
Total | 17,745 | |||
Accumulated Depreciation | (1,802) | |||
2482 Century Drive | ||||
Initial Cost to Company | ||||
Land | 840 | |||
Buildings and Equipment | 9,061 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 840 | |||
Buildings and Equipment | 9,061 | |||
Total | 9,901 | |||
Accumulated Depreciation | (965) | |||
3201 Bearing Drive | ||||
Initial Cost to Company | ||||
Land | 1,100 | |||
Buildings and Equipment | 15,403 | |||
Costs Capitalized Subsequent to Acquisition | (2) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,100 | |||
Buildings and Equipment | 15,401 | |||
Total | 16,501 | |||
Accumulated Depreciation | (1,914) | |||
482 Chaney Avenue | ||||
Initial Cost to Company | ||||
Land | 2,401 | |||
Buildings and Equipment | 55,810 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,401 | |||
Buildings and Equipment | 55,810 | |||
Total | 58,211 | |||
Accumulated Depreciation | (1,581) | |||
1151 South Graham Road | ||||
Initial Cost to Company | ||||
Land | 7,002 | |||
Buildings and Equipment | 108,700 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 7,002 | |||
Buildings and Equipment | 108,700 | |||
Total | 115,702 | |||
Accumulated Depreciation | (2,640) | |||
5440 Haggerty Lane | ||||
Initial Cost to Company | ||||
Land | 3,601 | |||
Buildings and Equipment | 31,058 | |||
Costs Capitalized Subsequent to Acquisition | 22 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,601 | |||
Buildings and Equipment | 31,080 | |||
Total | 34,681 | |||
Accumulated Depreciation | (754) | |||
8951 Mirabel Road | ||||
Initial Cost to Company | ||||
Land | 3,001 | |||
Buildings and Equipment | 36,978 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,001 | |||
Buildings and Equipment | 36,978 | |||
Total | 39,979 | |||
Accumulated Depreciation | (898) | |||
17001 West Mercury Street | ||||
Initial Cost to Company | ||||
Land | 5,741 | |||
Buildings and Equipment | 32,701 | |||
Costs Capitalized Subsequent to Acquisition | 401 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 5,741 | |||
Buildings and Equipment | 33,102 | |||
Total | 38,843 | |||
Accumulated Depreciation | (1,648) | |||
435 SE 70th Steet | ||||
Initial Cost to Company | ||||
Land | 0 | |||
Buildings and Equipment | 3,563 | |||
Costs Capitalized Subsequent to Acquisition | 120 | |||
Impairment/ Writedowns | (594) | |||
Gross Amount Carried at Close of Period | ||||
Land | 0 | |||
Buildings and Equipment | 3,089 | |||
Total | 3,089 | |||
Accumulated Depreciation | (53) | |||
22525 West 167th Street | ||||
Initial Cost to Company | ||||
Land | 4,301 | |||
Buildings and Equipment | 52,183 | |||
Costs Capitalized Subsequent to Acquisition | (1) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,301 | |||
Buildings and Equipment | 52,182 | |||
Total | 56,483 | |||
Accumulated Depreciation | (1,267) | |||
2552 South 98th Street | ||||
Initial Cost to Company | ||||
Land | 3,601 | |||
Buildings and Equipment | 20,988 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,601 | |||
Buildings and Equipment | 20,988 | |||
Total | 24,589 | |||
Accumulated Depreciation | (595) | |||
2701 South 98th Street | ||||
Initial Cost to Company | ||||
Land | 2,701 | |||
Buildings and Equipment | 10,998 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,701 | |||
Buildings and Equipment | 10,998 | |||
Total | 13,699 | |||
Accumulated Depreciation | (374) | |||
1985 International Way | ||||
Initial Cost to Company | ||||
Land | 1,453 | |||
Buildings and Equipment | 8,546 | |||
Costs Capitalized Subsequent to Acquisition | 1,625 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,454 | |||
Buildings and Equipment | 10,170 | |||
Total | 11,624 | |||
Accumulated Depreciation | (1,314) | |||
2311 South Park Road | ||||
Initial Cost to Company | ||||
Land | 1,600 | |||
Buildings and Equipment | 13,119 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,600 | |||
Buildings and Equipment | 13,119 | |||
Total | 14,719 | |||
Accumulated Depreciation | (316) | |||
1509 Leestown Road | ||||
Initial Cost to Company | ||||
Land | 4,801 | |||
Buildings and Equipment | 38,708 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,801 | |||
Buildings and Equipment | 38,708 | |||
Total | 43,509 | |||
Accumulated Depreciation | (1,097) | |||
4555 West Highway 146 | ||||
Initial Cost to Company | ||||
Land | 3,201 | |||
Buildings and Equipment | 39,977 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,201 | |||
Buildings and Equipment | 39,977 | |||
Total | 43,178 | |||
Accumulated Depreciation | (1,133) | |||
450 Northpointe Court | ||||
Initial Cost to Company | ||||
Land | 1,300 | |||
Buildings and Equipment | 26,883 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,300 | |||
Buildings and Equipment | 26,883 | |||
Total | 28,183 | |||
Accumulated Depreciation | (653) | |||
209 South Bud Street | ||||
Initial Cost to Company | ||||
Land | 700 | |||
Buildings and Equipment | 4,549 | |||
Costs Capitalized Subsequent to Acquisition | 41 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 700 | |||
Buildings and Equipment | 4,590 | |||
Total | 5,290 | |||
Accumulated Depreciation | (908) | |||
17200 Manchac Park Lane | ||||
Initial Cost to Company | ||||
Land | 1,700 | |||
Buildings and Equipment | 8,860 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,700 | |||
Buildings and Equipment | 8,860 | |||
Total | 10,560 | |||
Accumulated Depreciation | (1,754) | |||
11900 Trolley Lane | ||||
Initial Cost to Company | ||||
Land | 8,203 | |||
Buildings and Equipment | 23,095 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (1,243) | |||
Gross Amount Carried at Close of Period | ||||
Land | 7,877 | |||
Buildings and Equipment | 22,178 | |||
Total | 30,055 | |||
Accumulated Depreciation | (374) | |||
4000 Principio Parkway | ||||
Initial Cost to Company | ||||
Land | 4,200 | |||
Buildings and Equipment | 71,518 | |||
Costs Capitalized Subsequent to Acquisition | 803 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,200 | |||
Buildings and Equipment | 72,321 | |||
Total | 76,521 | |||
Accumulated Depreciation | (14,290) | |||
3466 Shippers Drive | ||||
Initial Cost to Company | ||||
Land | 4,902 | |||
Buildings and Equipment | 29,780 | |||
Costs Capitalized Subsequent to Acquisition | 13 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,902 | |||
Buildings and Equipment | 29,793 | |||
Total | 34,695 | |||
Accumulated Depreciation | (723) | |||
1601 Brown Road | ||||
Initial Cost to Company | ||||
Land | 4,700 | |||
Buildings and Equipment | 57,812 | |||
Costs Capitalized Subsequent to Acquisition | 721 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,700 | |||
Buildings and Equipment | 58,533 | |||
Total | 63,233 | |||
Accumulated Depreciation | (1,447) | |||
38401 Amrhein Road | ||||
Initial Cost to Company | ||||
Land | 1,400 | |||
Buildings and Equipment | 14,778 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,400 | |||
Buildings and Equipment | 14,778 | |||
Total | 16,178 | |||
Accumulated Depreciation | (419) | |||
28000 Five M Center Drive | ||||
Initial Cost to Company | ||||
Land | 300 | |||
Buildings and Equipment | 8,530 | |||
Costs Capitalized Subsequent to Acquisition | (5) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 300 | |||
Buildings and Equipment | 8,525 | |||
Total | 8,825 | |||
Accumulated Depreciation | (242) | |||
3800 Midlink Drive | ||||
Initial Cost to Company | ||||
Land | 2,630 | |||
Buildings and Equipment | 40,599 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,630 | |||
Buildings and Equipment | 40,599 | |||
Total | 43,229 | |||
Accumulated Depreciation | (8,036) | |||
10100 89th Avenue N | ||||
Initial Cost to Company | ||||
Land | 3,469 | |||
Buildings and Equipment | 21,284 | |||
Costs Capitalized Subsequent to Acquisition | 725 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,469 | |||
Buildings and Equipment | 22,009 | |||
Total | 25,478 | |||
Accumulated Depreciation | (2,581) | |||
2427 Henry Road NW | ||||
Initial Cost to Company | ||||
Land | 1,300 | |||
Buildings and Equipment | 3,145 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,300 | |||
Buildings and Equipment | 3,145 | |||
Total | 4,445 | |||
Accumulated Depreciation | (89) | |||
2401 Cram Avenue SE | ||||
Initial Cost to Company | ||||
Land | 100 | |||
Buildings and Equipment | 2,137 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 100 | |||
Buildings and Equipment | 2,137 | |||
Total | 2,237 | |||
Accumulated Depreciation | (423) | |||
5501 Providence Hill Drive | ||||
Initial Cost to Company | ||||
Land | 400 | |||
Buildings and Equipment | 3,500 | |||
Costs Capitalized Subsequent to Acquisition | 26 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 402 | |||
Buildings and Equipment | 3,524 | |||
Total | 3,926 | |||
Accumulated Depreciation | (383) | |||
3502 Enterprise Avenue | ||||
Initial Cost to Company | ||||
Land | 1,380 | |||
Buildings and Equipment | 12,121 | |||
Costs Capitalized Subsequent to Acquisition | 34 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,380 | |||
Buildings and Equipment | 12,155 | |||
Total | 13,535 | |||
Accumulated Depreciation | (1,292) | |||
5703 Mitchell Avenue | ||||
Initial Cost to Company | ||||
Land | 1,600 | |||
Buildings and Equipment | 19,085 | |||
Costs Capitalized Subsequent to Acquisition | 65 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,600 | |||
Buildings and Equipment | 19,150 | |||
Total | 20,750 | |||
Accumulated Depreciation | (812) | |||
10551 N Congress Avenue | ||||
Initial Cost to Company | ||||
Land | 600 | |||
Buildings and Equipment | 13,538 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 600 | |||
Buildings and Equipment | 13,538 | |||
Total | 14,138 | |||
Accumulated Depreciation | (329) | |||
831 Lone Star Drive | ||||
Initial Cost to Company | ||||
Land | 1,200 | |||
Buildings and Equipment | 7,304 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,200 | |||
Buildings and Equipment | 7,304 | |||
Total | 8,504 | |||
Accumulated Depreciation | (248) | |||
2901 E Heartland Drive | ||||
Initial Cost to Company | ||||
Land | 1,100 | |||
Buildings and Equipment | 6,886 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,100 | |||
Buildings and Equipment | 6,886 | |||
Total | 7,986 | |||
Accumulated Depreciation | (234) | |||
110 Stanbury Industrial Drive | ||||
Initial Cost to Company | ||||
Land | 200 | |||
Buildings and Equipment | 1,859 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 200 | |||
Buildings and Equipment | 1,859 | |||
Total | 2,059 | |||
Accumulated Depreciation | (368) | |||
12385 Crossroad Drive | ||||
Initial Cost to Company | ||||
Land | 3,301 | |||
Buildings and Equipment | 61,763 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,301 | |||
Buildings and Equipment | 61,763 | |||
Total | 65,064 | |||
Accumulated Depreciation | (1,750) | |||
8644 Polk Lane | ||||
Initial Cost to Company | ||||
Land | 900 | |||
Buildings and Equipment | 20,171 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 900 | |||
Buildings and Equipment | 20,171 | |||
Total | 21,071 | |||
Accumulated Depreciation | (490) | |||
440 US Highway 49 South | ||||
Initial Cost to Company | ||||
Land | 200 | |||
Buildings and Equipment | 2,329 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 200 | |||
Buildings and Equipment | 2,329 | |||
Total | 2,529 | |||
Accumulated Depreciation | (99) | |||
105 Business Park Drive | ||||
Initial Cost to Company | ||||
Land | 500 | |||
Buildings and Equipment | 1,949 | |||
Costs Capitalized Subsequent to Acquisition | 8 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 500 | |||
Buildings and Equipment | 1,957 | |||
Total | 2,457 | |||
Accumulated Depreciation | (83) | |||
590 Assembly Court | ||||
Initial Cost to Company | ||||
Land | 700 | |||
Buildings and Equipment | 9,410 | |||
Costs Capitalized Subsequent to Acquisition | 1 | |||
Impairment/ Writedowns | (2,328) | |||
Gross Amount Carried at Close of Period | ||||
Land | 540 | |||
Buildings and Equipment | 7,243 | |||
Total | 7,783 | |||
Accumulated Depreciation | (147) | |||
4350 Fortune Ave NW | ||||
Initial Cost to Company | ||||
Land | 4,401 | |||
Buildings and Equipment | 53,085 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,401 | |||
Buildings and Equipment | 53,085 | |||
Total | 57,486 | |||
Accumulated Depreciation | (1,290) | |||
4690 Global Avenue NW | ||||
Initial Cost to Company | ||||
Land | 4,601 | |||
Buildings and Equipment | 45,793 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,601 | |||
Buildings and Equipment | 45,793 | |||
Total | 50,394 | |||
Accumulated Depreciation | (1,112) | |||
6538 & 6526 Judge Adams Road | ||||
Initial Cost to Company | ||||
Land | 2,501 | |||
Buildings and Equipment | 46,343 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,501 | |||
Buildings and Equipment | 46,343 | |||
Total | 48,844 | |||
Accumulated Depreciation | (1,125) | |||
4040 Business Park Court | ||||
Initial Cost to Company | ||||
Land | 800 | |||
Buildings and Equipment | 8,411 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 800 | |||
Buildings and Equipment | 8,411 | |||
Total | 9,211 | |||
Accumulated Depreciation | (238) | |||
628 Patton Avenue | ||||
Initial Cost to Company | ||||
Land | 500 | |||
Buildings and Equipment | 1,514 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 500 | |||
Buildings and Equipment | 1,514 | |||
Total | 2,014 | |||
Accumulated Depreciation | (300) | |||
3900 NE 6th Street | ||||
Initial Cost to Company | ||||
Land | 700 | |||
Buildings and Equipment | 3,223 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 700 | |||
Buildings and Equipment | 3,223 | |||
Total | 3,923 | |||
Accumulated Depreciation | (638) | |||
7130 Q Street | ||||
Initial Cost to Company | ||||
Land | 1,600 | |||
Buildings and Equipment | 7,390 | |||
Costs Capitalized Subsequent to Acquisition | 1 | |||
Impairment/ Writedowns | (2,138) | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,220 | |||
Buildings and Equipment | 5,633 | |||
Total | 6,853 | |||
Accumulated Depreciation | (114) | |||
1415 West Commerce Way | ||||
Initial Cost to Company | ||||
Land | 2,200 | |||
Buildings and Equipment | 8,518 | |||
Costs Capitalized Subsequent to Acquisition | 388 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,200 | |||
Buildings and Equipment | 8,906 | |||
Total | 11,106 | |||
Accumulated Depreciation | (1,784) | |||
52 Pettengill Road | ||||
Initial Cost to Company | ||||
Land | 5,871 | |||
Buildings and Equipment | 43,335 | |||
Costs Capitalized Subsequent to Acquisition | 7 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 5,871 | |||
Buildings and Equipment | 43,342 | |||
Total | 49,213 | |||
Accumulated Depreciation | (4,618) | |||
1135 Easton Avenue | ||||
Initial Cost to Company | ||||
Land | 3,601 | |||
Buildings and Equipment | 5,564 | |||
Costs Capitalized Subsequent to Acquisition | 5 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,601 | |||
Buildings and Equipment | 5,569 | |||
Total | 9,170 | |||
Accumulated Depreciation | (236) | |||
584 US Highway 130 | ||||
Initial Cost to Company | ||||
Land | 70,422 | |||
Buildings and Equipment | 62,639 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 70,422 | |||
Buildings and Equipment | 62,639 | |||
Total | 133,061 | |||
Accumulated Depreciation | (1,521) | |||
725 Darlington Avenue | ||||
Initial Cost to Company | ||||
Land | 8,492 | |||
Buildings and Equipment | 9,451 | |||
Costs Capitalized Subsequent to Acquisition | 1,796 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 8,492 | |||
Buildings and Equipment | 11,247 | |||
Total | 19,739 | |||
Accumulated Depreciation | (2,515) | |||
309 Dulty's Lane | ||||
Initial Cost to Company | ||||
Land | 1,600 | |||
Buildings and Equipment | 51,400 | |||
Costs Capitalized Subsequent to Acquisition | (1) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,600 | |||
Buildings and Equipment | 51,399 | |||
Total | 52,999 | |||
Accumulated Depreciation | (10,174) | |||
7000 West Post Road | ||||
Initial Cost to Company | ||||
Land | 4,230 | |||
Buildings and Equipment | 13,472 | |||
Costs Capitalized Subsequent to Acquisition | 246 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,230 | |||
Buildings and Equipment | 13,718 | |||
Total | 17,948 | |||
Accumulated Depreciation | (1,738) | |||
2375 East Newlands Road | ||||
Initial Cost to Company | ||||
Land | 1,100 | |||
Buildings and Equipment | 17,314 | |||
Costs Capitalized Subsequent to Acquisition | 286 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,100 | |||
Buildings and Equipment | 17,600 | |||
Total | 18,700 | |||
Accumulated Depreciation | (3,523) | |||
158 West Yard Road | ||||
Initial Cost to Company | ||||
Land | 1,870 | |||
Buildings and Equipment | 7,931 | |||
Costs Capitalized Subsequent to Acquisition | 73 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,870 | |||
Buildings and Equipment | 8,004 | |||
Total | 9,874 | |||
Accumulated Depreciation | (1,482) | |||
3779 Lake Shore Road | ||||
Initial Cost to Company | ||||
Land | 2,701 | |||
Buildings and Equipment | 38,186 | |||
Costs Capitalized Subsequent to Acquisition | 18 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,701 | |||
Buildings and Equipment | 38,204 | |||
Total | 40,905 | |||
Accumulated Depreciation | (927) | |||
1289 Walden Avenue | ||||
Initial Cost to Company | ||||
Land | 600 | |||
Buildings and Equipment | 6,314 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 600 | |||
Buildings and Equipment | 6,314 | |||
Total | 6,914 | |||
Accumulated Depreciation | (268) | |||
4 Liebich Lane | ||||
Initial Cost to Company | ||||
Land | 400 | |||
Buildings and Equipment | 8,521 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 400 | |||
Buildings and Equipment | 8,521 | |||
Total | 8,921 | |||
Accumulated Depreciation | (207) | |||
55 Commerce Avenue | ||||
Initial Cost to Company | ||||
Land | 1,000 | |||
Buildings and Equipment | 10,105 | |||
Costs Capitalized Subsequent to Acquisition | 180 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,000 | |||
Buildings and Equipment | 10,285 | |||
Total | 11,285 | |||
Accumulated Depreciation | (2,059) | |||
32150 Just Imagine Drive | ||||
Initial Cost to Company | ||||
Land | 2,200 | |||
Buildings and Equipment | 23,280 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,200 | |||
Buildings and Equipment | 23,280 | |||
Total | 25,480 | |||
Accumulated Depreciation | (7,906) | |||
1580, 1590 & 1600 Williams Road | ||||
Initial Cost to Company | ||||
Land | 2,060 | |||
Buildings and Equipment | 29,143 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,060 | |||
Buildings and Equipment | 29,143 | |||
Total | 31,203 | |||
Accumulated Depreciation | (3,621) | |||
7303 Rickenbacker Parkway West | ||||
Initial Cost to Company | ||||
Land | 1,491 | |||
Buildings and Equipment | 27,407 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,491 | |||
Buildings and Equipment | 27,407 | |||
Total | 28,898 | |||
Accumulated Depreciation | (1,196) | |||
3245 Henry Road and 3185 Columbia Road | ||||
Initial Cost to Company | ||||
Land | 2,499 | |||
Buildings and Equipment | 21,640 | |||
Costs Capitalized Subsequent to Acquisition | 19 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,501 | |||
Buildings and Equipment | 21,657 | |||
Total | 24,158 | |||
Accumulated Depreciation | (611) | |||
8341 Industrial Parkway | ||||
Initial Cost to Company | ||||
Land | 6,702 | |||
Buildings and Equipment | 97,563 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 6,702 | |||
Buildings and Equipment | 97,563 | |||
Total | 104,265 | |||
Accumulated Depreciation | (2,369) | |||
201 Exploration Drive | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 38,868 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 38,868 | |||
Total | 40,669 | |||
Accumulated Depreciation | (944) | |||
9780 Mopar Drive | ||||
Initial Cost to Company | ||||
Land | 2,701 | |||
Buildings and Equipment | 26,021 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,701 | |||
Buildings and Equipment | 26,021 | |||
Total | 28,722 | |||
Accumulated Depreciation | (737) | |||
2465 Fontaine Street | ||||
Initial Cost to Company | ||||
Land | 1,000 | |||
Buildings and Equipment | 19,323 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,000 | |||
Buildings and Equipment | 19,323 | |||
Total | 20,323 | |||
Accumulated Depreciation | (469) | |||
4651 Prosper Drive | ||||
Initial Cost to Company | ||||
Land | 1,400 | |||
Buildings and Equipment | 30,772 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,400 | |||
Buildings and Equipment | 30,772 | |||
Total | 32,172 | |||
Accumulated Depreciation | (747) | |||
747 Mill Park Drive | ||||
Initial Cost to Company | ||||
Land | 1,400 | |||
Buildings and Equipment | 17,609 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,400 | |||
Buildings and Equipment | 17,609 | |||
Total | 19,009 | |||
Accumulated Depreciation | (428) | |||
9667 Inter-Ocean Drive | ||||
Initial Cost to Company | ||||
Land | 1,300 | |||
Buildings and Equipment | 10,880 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,300 | |||
Buildings and Equipment | 10,880 | |||
Total | 12,180 | |||
Accumulated Depreciation | (370) | |||
5313 Majestic Parkway | ||||
Initial Cost to Company | ||||
Land | 1,100 | |||
Buildings and Equipment | 8,107 | |||
Costs Capitalized Subsequent to Acquisition | 15 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,100 | |||
Buildings and Equipment | 8,122 | |||
Total | 9,222 | |||
Accumulated Depreciation | (345) | |||
1115 Regina Graeter Way | ||||
Initial Cost to Company | ||||
Land | 700 | |||
Buildings and Equipment | 7,908 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 700 | |||
Buildings and Equipment | 7,908 | |||
Total | 8,608 | |||
Accumulated Depreciation | (192) | |||
4170 Columbia Road | ||||
Initial Cost to Company | ||||
Land | 400 | |||
Buildings and Equipment | 9,841 | |||
Costs Capitalized Subsequent to Acquisition | 3 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 403 | |||
Buildings and Equipment | 9,841 | |||
Total | 10,244 | |||
Accumulated Depreciation | (239) | |||
1415 Industrial Drive | ||||
Initial Cost to Company | ||||
Land | 1,200 | |||
Buildings and Equipment | 3,265 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,200 | |||
Buildings and Equipment | 3,265 | |||
Total | 4,465 | |||
Accumulated Depreciation | (646) | |||
200 Orange Point Drive | ||||
Initial Cost to Company | ||||
Land | 1,300 | |||
Buildings and Equipment | 8,613 | |||
Costs Capitalized Subsequent to Acquisition | 162 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,301 | |||
Buildings and Equipment | 8,774 | |||
Total | 10,075 | |||
Accumulated Depreciation | (1,776) | |||
301 Commerce Drive | ||||
Initial Cost to Company | ||||
Land | 600 | |||
Buildings and Equipment | 4,530 | |||
Costs Capitalized Subsequent to Acquisition | (1) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 601 | |||
Buildings and Equipment | 4,528 | |||
Total | 5,129 | |||
Accumulated Depreciation | (898) | |||
5300 Centerpoint Parkway | ||||
Initial Cost to Company | ||||
Land | 2,700 | |||
Buildings and Equipment | 29,863 | |||
Costs Capitalized Subsequent to Acquisition | 68 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,700 | |||
Buildings and Equipment | 29,931 | |||
Total | 32,631 | |||
Accumulated Depreciation | (5,926) | |||
2701 S.W. 18TH Street | ||||
Initial Cost to Company | ||||
Land | 2,401 | |||
Buildings and Equipment | 18,865 | |||
Costs Capitalized Subsequent to Acquisition | (1) | |||
Impairment/ Writedowns | (5,675) | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,760 | |||
Buildings and Equipment | 13,830 | |||
Total | 15,590 | |||
Accumulated Depreciation | (200) | |||
8000 Mid America Blvd. | ||||
Initial Cost to Company | ||||
Land | 900 | |||
Buildings and Equipment | 12,813 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (1,814) | |||
Gross Amount Carried at Close of Period | ||||
Land | 781 | |||
Buildings and Equipment | 11,118 | |||
Total | 11,899 | |||
Accumulated Depreciation | (187) | |||
1414 South Council Road | ||||
Initial Cost to Company | ||||
Land | 5,002 | |||
Buildings and Equipment | 39,952 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 5,002 | |||
Buildings and Equipment | 39,952 | |||
Total | 44,954 | |||
Accumulated Depreciation | (970) | |||
6101 SW 44th Street | ||||
Initial Cost to Company | ||||
Land | 2,401 | |||
Buildings and Equipment | 13,868 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,401 | |||
Buildings and Equipment | 13,868 | |||
Total | 16,269 | |||
Accumulated Depreciation | (337) | |||
2759 North Garnett Road | ||||
Initial Cost to Company | ||||
Land | 800 | |||
Buildings and Equipment | 4,879 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 800 | |||
Buildings and Equipment | 4,879 | |||
Total | 5,679 | |||
Accumulated Depreciation | (118) | |||
2820 State Highway 31 | ||||
Initial Cost to Company | ||||
Land | 581 | |||
Buildings and Equipment | 2,237 | |||
Costs Capitalized Subsequent to Acquisition | 4,582 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 581 | |||
Buildings and Equipment | 6,819 | |||
Total | 7,400 | |||
Accumulated Depreciation | (1,050) | |||
1729 Pennsylvania Avenue | ||||
Initial Cost to Company | ||||
Land | 1,200 | |||
Buildings and Equipment | 13,257 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (2,173) | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,020 | |||
Buildings and Equipment | 11,264 | |||
Total | 12,284 | |||
Accumulated Depreciation | (384) | |||
101 North Campus Drive | ||||
Initial Cost to Company | ||||
Land | 3,801 | |||
Buildings and Equipment | 26,700 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,801 | |||
Buildings and Equipment | 26,700 | |||
Total | 30,501 | |||
Accumulated Depreciation | (649) | |||
231 Theater Drive | ||||
Initial Cost to Company | ||||
Land | 1,400 | |||
Buildings and Equipment | 9,864 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,400 | |||
Buildings and Equipment | 9,864 | |||
Total | 11,264 | |||
Accumulated Depreciation | (279) | |||
700 Marine Drive | ||||
Initial Cost to Company | ||||
Land | 820 | |||
Buildings and Equipment | 8,381 | |||
Costs Capitalized Subsequent to Acquisition | 798 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 820 | |||
Buildings and Equipment | 9,179 | |||
Total | 9,999 | |||
Accumulated Depreciation | (1,144) | |||
1990 Hood Road | ||||
Initial Cost to Company | ||||
Land | 400 | |||
Buildings and Equipment | 10,702 | |||
Costs Capitalized Subsequent to Acquisition | (1) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 400 | |||
Buildings and Equipment | 10,701 | |||
Total | 11,101 | |||
Accumulated Depreciation | (1,140) | |||
7410 Magi Drive | ||||
Initial Cost to Company | ||||
Land | 2,401 | |||
Buildings and Equipment | 31,029 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,401 | |||
Buildings and Equipment | 31,029 | |||
Total | 33,430 | |||
Accumulated Depreciation | (1,052) | |||
6850 Weber Boulevard | ||||
Initial Cost to Company | ||||
Land | 11,604 | |||
Buildings and Equipment | 44,602 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (12,228) | |||
Gross Amount Carried at Close of Period | ||||
Land | 9,079 | |||
Buildings and Equipment | 34,899 | |||
Total | 43,978 | |||
Accumulated Depreciation | (503) | |||
1892 Anfield Road | ||||
Initial Cost to Company | ||||
Land | 4,001 | |||
Buildings and Equipment | 21,179 | |||
Costs Capitalized Subsequent to Acquisition | 1 | |||
Impairment/ Writedowns | (3,822) | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,394 | |||
Buildings and Equipment | 17,965 | |||
Total | 21,359 | |||
Accumulated Depreciation | (259) | |||
7409 Magi Drive | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 13,651 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (1,389) | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,639 | |||
Buildings and Equipment | 12,424 | |||
Total | 14,063 | |||
Accumulated Depreciation | (209) | |||
1103 Powderhouse Road SE | ||||
Initial Cost to Company | ||||
Land | 1,200 | |||
Buildings and Equipment | 36,140 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,200 | |||
Buildings and Equipment | 36,140 | |||
Total | 37,340 | |||
Accumulated Depreciation | (878) | |||
3058 Lakemont Blvd | ||||
Initial Cost to Company | ||||
Land | 2,901 | |||
Buildings and Equipment | 33,304 | |||
Costs Capitalized Subsequent to Acquisition | 20 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,901 | |||
Buildings and Equipment | 33,324 | |||
Total | 36,225 | |||
Accumulated Depreciation | (809) | |||
510 John Dodd Road | ||||
Initial Cost to Company | ||||
Land | 3,300 | |||
Buildings and Equipment | 57,998 | |||
Costs Capitalized Subsequent to Acquisition | 419 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,301 | |||
Buildings and Equipment | 58,416 | |||
Total | 61,717 | |||
Accumulated Depreciation | (11,548) | |||
996 Paragon Way | ||||
Initial Cost to Company | ||||
Land | 2,334 | |||
Buildings and Equipment | 35,920 | |||
Costs Capitalized Subsequent to Acquisition | (2) | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,334 | |||
Buildings and Equipment | 35,918 | |||
Total | 38,252 | |||
Accumulated Depreciation | (7,109) | |||
5001 West Del(B) Street | ||||
Initial Cost to Company | ||||
Land | 2,570 | |||
Buildings and Equipment | 14,832 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,570 | |||
Buildings and Equipment | 14,832 | |||
Total | 17,402 | |||
Accumulated Depreciation | (1,580) | |||
5025 Tuggle Road | ||||
Initial Cost to Company | ||||
Land | 1,400 | |||
Buildings and Equipment | 31,520 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,400 | |||
Buildings and Equipment | 31,520 | |||
Total | 32,920 | |||
Accumulated Depreciation | (893) | |||
900 Hutchinson Place | ||||
Initial Cost to Company | ||||
Land | 2,601 | |||
Buildings and Equipment | 31,582 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,601 | |||
Buildings and Equipment | 31,582 | |||
Total | 34,183 | |||
Accumulated Depreciation | (1,342) | |||
6023 Century Oaks Drive | ||||
Initial Cost to Company | ||||
Land | 500 | |||
Buildings and Equipment | 5,759 | |||
Costs Capitalized Subsequent to Acquisition | 15 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 500 | |||
Buildings and Equipment | 5,774 | |||
Total | 6,274 | |||
Accumulated Depreciation | (245) | |||
3774 Snyder Road | ||||
Initial Cost to Company | ||||
Land | 3,201 | |||
Buildings and Equipment | 30,564 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 3,201 | |||
Buildings and Equipment | 30,564 | |||
Total | 33,765 | |||
Accumulated Depreciation | (742) | |||
4836 Hickory Hill Road | ||||
Initial Cost to Company | ||||
Land | 1,402 | |||
Buildings and Equipment | 10,769 | |||
Costs Capitalized Subsequent to Acquisition | 1,625 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,403 | |||
Buildings and Equipment | 12,393 | |||
Total | 13,796 | |||
Accumulated Depreciation | (2,494) | |||
2020 Joe B. Jackson Parkway | ||||
Initial Cost to Company | ||||
Land | 7,500 | |||
Buildings and Equipment | 55,259 | |||
Costs Capitalized Subsequent to Acquisition | 299 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 7,500 | |||
Buildings and Equipment | 55,558 | |||
Total | 63,058 | |||
Accumulated Depreciation | (10,987) | |||
2500, 2526 and 2614 Big Town Boulevard | ||||
Initial Cost to Company | ||||
Land | 2,319 | |||
Buildings and Equipment | 0 | |||
Costs Capitalized Subsequent to Acquisition | 10,015 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,319 | |||
Buildings and Equipment | 10,015 | |||
Total | 12,334 | |||
Accumulated Depreciation | 0 | |||
11501 Wilkinson Drive | ||||
Initial Cost to Company | ||||
Land | 2,401 | |||
Buildings and Equipment | 19,665 | |||
Costs Capitalized Subsequent to Acquisition | (1) | |||
Impairment/ Writedowns | (2,259) | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,155 | |||
Buildings and Equipment | 17,651 | |||
Total | 19,806 | |||
Accumulated Depreciation | (358) | |||
5005 Samuell Blvd. | ||||
Initial Cost to Company | ||||
Land | 6,366 | |||
Buildings and Equipment | 62,879 | |||
Costs Capitalized Subsequent to Acquisition | 2,458 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 6,366 | |||
Buildings and Equipment | 65,337 | |||
Total | 71,703 | |||
Accumulated Depreciation | (1,672) | |||
2701 Texas Longhorn Way | ||||
Initial Cost to Company | ||||
Land | 9,303 | |||
Buildings and Equipment | 42,504 | |||
Costs Capitalized Subsequent to Acquisition | 78 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 9,303 | |||
Buildings and Equipment | 42,582 | |||
Total | 51,885 | |||
Accumulated Depreciation | (1,032) | |||
2000 Luna Road | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 25,816 | |||
Costs Capitalized Subsequent to Acquisition | 31 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 25,847 | |||
Total | 27,648 | |||
Accumulated Depreciation | (732) | |||
21200 Spring Plaza Drive | ||||
Initial Cost to Company | ||||
Land | 2,701 | |||
Buildings and Equipment | 29,832 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,701 | |||
Buildings and Equipment | 29,832 | |||
Total | 32,533 | |||
Accumulated Depreciation | (845) | |||
502 West Independence Drive | ||||
Initial Cost to Company | ||||
Land | 800 | |||
Buildings and Equipment | 19,673 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 800 | |||
Buildings and Equipment | 19,673 | |||
Total | 20,473 | |||
Accumulated Depreciation | (478) | |||
800 Lindale Industrial Parkway | ||||
Initial Cost to Company | ||||
Land | 800 | |||
Buildings and Equipment | 18,947 | |||
Costs Capitalized Subsequent to Acquisition | 692 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 800 | |||
Buildings and Equipment | 19,639 | |||
Total | 20,439 | |||
Accumulated Depreciation | (509) | |||
685 Alliance Parkway | ||||
Initial Cost to Company | ||||
Land | 800 | |||
Buildings and Equipment | 23,207 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 800 | |||
Buildings and Equipment | 23,207 | |||
Total | 24,007 | |||
Accumulated Depreciation | (658) | |||
16211 Air Center Boulevard | ||||
Initial Cost to Company | ||||
Land | 1,600 | |||
Buildings and Equipment | 13,529 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,600 | |||
Buildings and Equipment | 13,529 | |||
Total | 15,129 | |||
Accumulated Depreciation | (329) | |||
246 Glasson Drive | ||||
Initial Cost to Company | ||||
Land | 0 | |||
Buildings and Equipment | 9,596 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 0 | |||
Buildings and Equipment | 9,596 | |||
Total | 9,596 | |||
Accumulated Depreciation | (233) | |||
985 Kershaw Street | ||||
Initial Cost to Company | ||||
Land | 2,301 | |||
Buildings and Equipment | 13,994 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | (1,903) | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,032 | |||
Buildings and Equipment | 12,360 | |||
Total | 14,392 | |||
Accumulated Depreciation | (178) | |||
1095 South 4800 West | ||||
Initial Cost to Company | ||||
Land | 1,500 | |||
Buildings and Equipment | 6,913 | |||
Costs Capitalized Subsequent to Acquisition | 20 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,500 | |||
Buildings and Equipment | 6,933 | |||
Total | 8,433 | |||
Accumulated Depreciation | (1,376) | |||
8800 Studley Road | ||||
Initial Cost to Company | ||||
Land | 1,100 | |||
Buildings and Equipment | 10,813 | |||
Costs Capitalized Subsequent to Acquisition | 16 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,100 | |||
Buildings and Equipment | 10,829 | |||
Total | 11,929 | |||
Accumulated Depreciation | (460) | |||
1935 Blue Hills Drive | ||||
Initial Cost to Company | ||||
Land | 1,300 | |||
Buildings and Equipment | 13,908 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,300 | |||
Buildings and Equipment | 13,908 | |||
Total | 15,208 | |||
Accumulated Depreciation | (394) | |||
3736 Tom Andrews Road | ||||
Initial Cost to Company | ||||
Land | 600 | |||
Buildings and Equipment | 9,273 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 600 | |||
Buildings and Equipment | 9,273 | |||
Total | 9,873 | |||
Accumulated Depreciation | (263) | |||
2300 Westmoreland Street | ||||
Initial Cost to Company | ||||
Land | 600 | |||
Buildings and Equipment | 6,109 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 600 | |||
Buildings and Equipment | 6,109 | |||
Total | 6,709 | |||
Accumulated Depreciation | (208) | |||
1122 Stony Ridge Road | ||||
Initial Cost to Company | ||||
Land | 2,101 | |||
Buildings and Equipment | 6,051 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 2,101 | |||
Buildings and Equipment | 6,051 | |||
Total | 8,152 | |||
Accumulated Depreciation | (147) | |||
1901 Meadowville Technology Parkway | ||||
Initial Cost to Company | ||||
Land | 4,000 | |||
Buildings and Equipment | 67,511 | |||
Costs Capitalized Subsequent to Acquisition | 170 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 4,000 | |||
Buildings and Equipment | 67,681 | |||
Total | 71,681 | |||
Accumulated Depreciation | (13,383) | |||
635 Community Drive | ||||
Initial Cost to Company | ||||
Land | 10,003 | |||
Buildings and Equipment | 38,560 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 10,003 | |||
Buildings and Equipment | 38,560 | |||
Total | 48,563 | |||
Accumulated Depreciation | (936) | |||
2000 South Walnut Street | ||||
Initial Cost to Company | ||||
Land | 8,603 | |||
Buildings and Equipment | 22,749 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 8,602 | |||
Buildings and Equipment | 22,750 | |||
Total | 31,352 | |||
Accumulated Depreciation | (552) | |||
5300 International Drive | ||||
Initial Cost to Company | ||||
Land | 1,801 | |||
Buildings and Equipment | 17,367 | |||
Costs Capitalized Subsequent to Acquisition | 38 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 1,801 | |||
Buildings and Equipment | 17,405 | |||
Total | 19,206 | |||
Accumulated Depreciation | (422) | |||
3383 Spirit Way | ||||
Initial Cost to Company | ||||
Land | 601 | |||
Buildings and Equipment | 9,346 | |||
Costs Capitalized Subsequent to Acquisition | 0 | |||
Impairment/ Writedowns | 0 | |||
Gross Amount Carried at Close of Period | ||||
Land | 601 | |||
Buildings and Equipment | 9,346 | |||
Total | 9,947 | |||
Accumulated Depreciation | $ (227) |
SCHEDULE III - REAL ESTATE AN_3
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION - Analysis of Carrying Amount And Accumulated Depreciation (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Real Estate Properties | |||
Balance at the beginning of the period | $ 1,748,833 | $ 1,809,070 | $ 2,335,964 |
Additions | 3,520,563 | 129,724 | 109,020 |
Disposals | (259) | (189,961) | (635,914) |
Impairments | (93,029) | ||
Balance at the end of the period | 5,176,108 | 1,748,833 | 1,809,070 |
Accumulated Depreciation | |||
Balance at the beginning of the period | (167,490) | (141,406) | (131,468) |
Additions | (106,236) | (32,389) | (43,821) |
Disposals | 259 | 6,305 | 33,883 |
Impairments | 0 | ||
Balance at the end of the period | $ (273,467) | $ (167,490) | $ (141,406) |