Safehold Inc. /MD - 10-K filing on 2020-02-13

Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2019

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

SEC Schedule III, Real Estate and Accumulated Depreciation



				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition		Gross Amount Carried at Close of Period									Depreciable Life (Years)
Location	Encumbrances			Land		Building and Improvements		Cost Capitalized Subsequent to Acquisition		Land		Building and Improvements		Total⁽¹⁾		Accumulated Depreciation		Date Acquired	Depreciable Life (Years)
Detroit, MI	$	31,961	⁽²⁾	$	29,086	$	—	$	—	$	29,086	$	—	$	29,086	$	—	2017	N/A
Dallas, TX	3,736		⁽²⁾	1,954		—		—		1,954		—		1,954		—		2017	N/A
Dallas, TX	4,151		⁽²⁾	2,751		—		—		2,751		—		2,751		—		2017	N/A
Atlanta, GA	7,577		⁽²⁾	4,097		—		—		4,097		—		4,097		—		2017	N/A
Milwaukee, WI	3,633		⁽²⁾	4,638		51,323		—		4,638		51,323		55,961		3,500		2017	40	⁽³⁾
Washington, DC	5,190		⁽²⁾	1,484		—		—		1,484		—		1,484		—		2017	N/A
Minneapolis, MN	1,452		⁽²⁾	716		—		—		716		—		716		—		2017	N/A
Durango, CO	16,604		⁽²⁾	1,415		17,080		—		1,415		17,080		18,495		1,480		2017	35	⁽³⁾
Rohnert Park, CA	19,300		⁽²⁾	5,869		13,752		—		5,869		13,752		19,621		1,480		2017	32	⁽³⁾
Salt Lake City, UT	55,312		⁽²⁾	8,573		40,583		—		8,573		40,583		49,156		3,240		2017	34	⁽³⁾
San Diego, CA	38,084		⁽²⁾	5,077		24,096		—		5,077		24,096		29,173		2,032		2017	33	⁽³⁾
Seattle, WA	40,000		⁽²⁾	7,813		45,562		—		7,813		45,562		53,375		4,530		2017	30	⁽³⁾
Los Angeles, CA	57,936		⁽²⁾	68,140		—		—		68,140		—		68,140		—		2017	N/A
Los Angeles, CA	62,764		⁽²⁾	72,836		—		—		72,836		—		72,836		—		2017	N/A
Atlanta, GA	—		⁽⁴⁾	6,300		—		—		6,300		—		6,300		—		2017	N/A
Washington, DC	23,100		⁽²⁾	27,354		—		—		27,354		—		27,354		—		2018	N/A
Orlando, FL	7,800		⁽²⁾	6,626		—		—		6,626		—		6,626		—		2018	N/A
Atlanta, GA	18,000		⁽²⁾	11,449		—		—		11,449		—		11,449		—		2018	N/A
Raleigh-Durham, NC	11,940		⁽²⁾	4,502		—		—		4,502		—		4,502		—		2018	N/A
Atlanta, GA	9,882		⁽²⁾	8,478		—		—		8,478		—		8,478		—		2018	N/A
San Diego, CA	—		⁽⁴⁾	8,168		—		—		8,168		—		8,168		—		2018	N/A
Washington, DC	10,000		⁽²⁾	15,217		—		—		15,217		—		15,217		—		2018	N/A
Phoenix, AZ	—		⁽⁴⁾	5,996		—		—		5,996		—		5,996		—		2018	N/A
Washington, DC	—		⁽⁴⁾	21,478		—		—		21,478		—		21,478		—		2018	N/A
Miami, FL	6,000		⁽²⁾	3,735		—		—		3,735		—		3,735		—		2018	N/A
Miami, FL	2,471		⁽²⁾	9,170		—		—		9,170		—		9,170		—		2018	N/A
Washington, DC	95,000		⁽²⁾	121,100		—		—		121,100		—		121,100		—		2018	N/A
Nashville, TN	17,500		⁽²⁾	13,505		—		—		13,505		—		13,505		—		2018	N/A
Portland, OR	—		^—	3,641		—		—		3,641		—		3,641		—		2019	N/A
San Antonio, TX	10,000		⁽²⁾	2,103		836		—		2,103		836		2,939		24		2019	40
Riverside, CA	—		⁽⁴⁾	11,399		—		—		11,399		—		11,399		—		2019	N/A
Total	$	559,393		$	494,670	$	193,232	$	—	$	494,670	$	193,232	$	687,902	$	16,286

_______________________________________________________________________________


(1)	The aggregate cost for Federal income tax purposes was approximately $963.1 million at December 31, 2019.


(2)	Pledged as collateral under mortgages.


(3)	These properties have land improvements with depreciable lives from 7 to 12 years.


(4)	Pledged as collateral under the 2017 Revolver.

The following table reconciles real estate for the years ended December 31, 2019 and 2018:



	For the Years Ended December 31,
	2019		2018
Beginning balance	$	669,923	$	413,145
Acquisitions	17,979		256,778
Ending balance	$	687,902	$	669,923

The following table reconciles accumulated depreciation for the years ended December 31, 2019 and 2018:



	For the Years Ended December 31,
	2019		2018
Beginning balance	$	10,257	$	4,253
Additions	6,029		6,004
Ending balance	$	16,286	$	10,257