BRT Apartments Corp. - S-4 filing on 2016-12-21

SCHEDULE III - REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION

12 Months Ended

Sep. 30, 2016

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

SCHEDULE III - REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION



			Initial Cost to Company				Costs Capitalized Subsequent to Acquisition						Gross Amount At Which Carried at September 30, 2016										Depreciation Life For Latest Income Statement

Description	Encumbrances		Land		Buildings and Improvements		Land		Improvements		Carrying Costs		Land		Buildings and Improvements		Total		Accumulated Depreciation		Date of Construction	Date Acquired
Commercial
Yonkers, NY.	$	1,560	—		$	4,000	—		$	194	—		—		$	4,194	$	4,194	$	1,727	(c)	Aug-2000	39 years
South Daytona, FL.	—		$	10,437	—		49		—		—		$	8,021	—		8,021		—		N/A	Feb-2008	N/A
Multi-Family Residential
Palm Beach Gardens, FL	47,125		16,260		43,132		—		4,420		—		16,260		47,552		63,812		8,054		1970	Mar-2012	30 years
Melbourne, FL	9,211		1,150		8,680		—		1,414		—		1,150		10,094		11,244		1,900		1987	Mar-2012	30 years
North Charleston, SC	17,130		2,436		18,970		—		1,002		—		2,436		19,972		22,408		2,871		2010	Oct-2012	30 years
Decatur, GA	10,352		1,697		8,676		—		1,413		—		1,697		10,089		11,786		1,379		1954	Nov-2012	30 years
Panama City, FL	5,336		1,411		5,745		—		716		—		1,411		6,461		7,872		952		1987	Jan-2013	30 years
Houston, TX (Stone)	12,899		5,143		11,524		—		400		—		5,143		11,924		17,067		1,503		1978	April-2013	30 years
Houston, TX (Pathways)	7,398		3,044		5,463		—		838		—		3,044		6,301		9,345		753		1979	April-2013	30 years
Hixon, TN	8,117		1,231		9,561		—		298		—		1,231		9,859		11,090		1,137		1989	May-2013	30 years
Pasadena, TX (Ashwood)	3,988		1,513		3,864		—		429		—		1,513		4,293		5,806		502		1984	Oct-2013	30 years
Humble, TX (Parkside)	4,930		1,113		5,534		—		467		—		1,113		6,001		7,114		677		1983	Oct-2013	30 years
Humble, TX (Meadowbrook)	7,726		1,996		8,425		—		794		—		1,996		9,219		11,215		1,003		1982	Oct-2013	30 years
Huntsville, AL	12,212		1,047		10,942		—		1,439		—		1,047		12,381		13,428		1,339		1985	Oct-2013	30 years
Columbus, OH	10,164		2,810		11,240		—		315		—		2,810		11,555		14,365		1,450		1999	Nov-2013	30 years
Indianapolis, IN	14,500		4,477		14,240		—		1,997		—		4,477		16,237		20,714		1,573		2007	Jan-2014	30 years
Greenville, SC	37,961		7,487		—		—		41,680		608		7,487		42,288		49,775		1,665		2014	Jan-2014	30 years
Nashville, TN	23,623		4,565		22,054		—		2,239		—		4,565		24,293		28,858		2,001		1985	April-2014	30 years
Atlanta, GA	27,052		2,283		25,921		—		670		—		2,283		26,591		28,874		1,799		2009	June-2014	30 years
Houston, TX (Kendall)	15,314		1,849		13,346		—		1,557		—		1,849		14,903		16,752		1,264		1981	July-2014	30 years
Pensacola, FL	19,750		2,758		25,192		—		521		—		2,758		25,713		28,471		1,826		2008	Dec-2014	30 years
Valley, AL	28,990		1,040		42,710		—		455		—		1,040		43,165		44,205		2,130		2009	July-2014	30 years
San Marcos, TX	17,158		2,163		19,562		—		183		—		2,163		19,745		21,908		974		2014	Sept-2015	30 years
Lake St. Louis, MO	27,397		2,752		33,248		—		421		—		2,752		33,669		36,421		1,360		1986	Sept-2015	30 years
North Charleston, SC	13,544		3,704		—		—		21,131		55		3,704		21,186		24,890		—		2016	Oct-15	30 years
LaGrange, GA	15,786		832		21,968		—		389		—		832		22,357		23,189		770		2009	Nov-15	30 years
Katy, TX	30,750		4,194		36,056		—		240		—		4,194		36,296		40,490		1,149		2008	Jan-16	30 years
Macon, GA	11,200		1,876		12,649		—		180		—		1,876		12,829		14,705		389		1988	Feb-16	30 years
Southaven, MS	28,000		2,090		32,910		—		1,286		—		2,090		34,196		36,286		812		2002	Feb-16	30 years
San Antonio, TX	26,400		5,540		29,610		—		443		—		5,540		30,053		35,593		728		2013	May-16	30 years
Dallas, TX	27,937		13,073		23,927		—		917		—		13,073		24,844		37,917		409		1986	May-16	30 years
Columbia, SC	12,934		2,233		14,767		—		93		—		2,233		14,860		17,093		284		1996	May-16	30 years
			Initial Cost to Company				Costs Capitalized Subsequent to Acquisition						Gross Amount At Which Carried at September 30, 2016										Depreciation Life For Latest Income Statement

Description	Encumbrances		Land		Buildings and Improvements		Land		Improvements		Carrying Costs		Land		Buildings and Improvements		Total		Accumulated Depreciation		Date of Construction	Date Acquired

Atlanta, GA	27,375		9,491		29,634		—		7		—		9,491		29,641		39,132		155		1989	Aug-16	30 years
Southaven, MS	30,563		2,100		36,105		—		14		—		2,100		36,119		38,219		100		2005	Sep-16	30 years
San Antonio, TX	27,000		5,030		30,970		—		—		—		5,030		30,970		36,000		52		2015	Sep-16	30 years
Total	$	621,382	$	130,825	$	620,625	$	49	$	88,562	$	663	$	128,409	$	709,850	$	838,259	$	44,687
																	(a)		(b)

Notes to the schedule:




(a)	Total real estate properties	$	838,259
	Less: Accumulated depreciation and amortization	(44,687		)
	Net real estate properties	$	793,572
(b)	Amortization of the Trust's leasehold interests is over the shorter of estimated useful life or the term of the respective land lease.
(c)	Information not readily obtainable.

A reconciliation of real estate properties is as follows:



	2016		2015		2014
Balance at beginning of year	$	757,027	$	635,612	$	402,896
Additions:
Acquisitions	318,680		129,425		205,220
Capital improvements	19,649		8,442		8,273
Capitalized development expenses and carrying costs	27,194		55,623		34,857
	365,523		193,490		248,350
Deductions:
Sales	150,786		51,394		80
Depreciation/amortization/paydowns	24,328		20,681		15,554
Reconciliation of partnership interest	153,864		—		—
	328,978		72,075		15,634
Balance at end of year	$	793,572	$	757,027	635,612