Annual report [Section 13 and 15(d), not S-K Item 405]

Schedule III - REAL ESTATE AND ACCUMULATED DEPRECIATION

v3.25.0.1
Schedule III - REAL ESTATE AND ACCUMULATED DEPRECIATION
 12 Months Ended
Dec. 31, 2024
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Initial Cost Gross Amount Carried at Close of Period (b)
Description Location Property Type Encumbrances Land Building & Improvements Costs Capitalized Subsequent to Acquisition Land Building & Improvements Total Accumulated Depreciation Date Acquired Life upon which Depreciation is Computed
Alliance Town Center  Fort Worth, TX  Retail —  $ 1,150  $ 3,729  $ —  $ 1,150  $ 3,729  $ 4,879  $ 394  2021 (c)
Antelope Valley Mall  Palmdale, CA  Retail —  3,050  4,742  —  3,050  4,742  7,792  550  2021 (c)
Arden Fair Mall  Sacramento, CA  Retail —  1,200  8,455  —  1,200  8,455  9,655  973  2021 (c)
Arrowhead Towne Center  Glendale, AZ  Retail —  4,500  5,862  —  4,500  5,862  10,362  681  2021 (c)
Ashland Town Center  Ashland, KY  Retail —  —  3,114  —  —  3,114  3,114  325  2021 (c)
Baybrook Mall  Friendswood, TX  Retail —  —  1,580  —  —  1,580  1,580  177  2021 (c)
Bellis Fair  Bellingham, WA  Retail —  1,550  2,744  —  1,550  2,744  4,294  318  2021 (c)
Boise Towne Square  Boise, ID  Retail —  2,600  6,595  —  2,600  6,595  9,195  764  2021 (c)
Brea Mall  Brea, CA  Retail —  —  933  —  —  933  933  127  2021 (c)
Center at Owasso  Owasso, OK  Retail —  —  2,533  —  —  2,533  2,533  263  2021 (c)
Clackamas Town Center  Portland (Happy Valley), OR  Retail —  6,900  4,722  —  6,900  4,722  11,622  555  2021 (c)
Columbia Center  Kennewick, WA  Retail —  3,450  10,268  —  3,450  10,268  13,718  1,178  2021 (c)
Coral Ridge Mall  Coralville, IA  Retail —  800  2,624  —  800  2,624  3,424  308  2021 (c)
Coronado Center  Albuquerque, NM  Retail —  2,750  6,050  —  2,750  6,050  8,800  701  2021 (c)
Cottonwood Mall  Albuquerque, NM  Retail —  3,400  4,247  —  3,400  4,247  7,647  496  2021 (c)
Dadeland Mall  Miami, FL  Retail —  —  1,336  —  —  1,336  1,336  182  2021 (c)
Danbury Fair  Danbury, CT  Retail —  1,800  3,554  —  1,800  3,554  5,354  421  2021 (c)
Deerbrook Mall  Humble, TX  Retail —  3,100  1,172  —  3,100  1,172  4,272  148  2021 (c)
El Mercado Plaza  El Paso, TX  Retail —  —  5,050  —  —  5,050  5,050  527  2021 (c)
Fairmont Center  Pasadena, TX  Retail —  —  2,571  —  —  2,571  2,571  260  2021 (c)
First & Main Town Center  Colorado Springs, CO  Retail —  —  3,859  —  —  3,859  3,859  407  2021 (c)
First Colony Mall  Sugarland, TX  Retail —  3,450  2,067  —  3,450  2,067  5,517  252  2021 (c)
Florence Mall  Florence, KY  Retail —  2,200  5,419  —  2,200  5,419  7,619  631  2021 (c)
Fox River Mall  Appleton, WI  Retail —  1,847  600  —  1,847  600  2,447  82  2021 (c)
Freehold Raceway Mall  Freehold, NJ  Retail —  3,750  6,026  24  3,750  6,050  9,800  701  2021 (c)
Galleria at Sunset  Henderson, NV  Retail —  —  5,321  —  —  5,321  5,321  616  2021 (c)
Galleria at Tyler  Riverside, CA  Retail —  8,800  1,584  —  8,800  1,584  10,384  206  2021 (c)
Gateway Shopping Center I & II  Brooklyn, NY  Retail —  —  5,395  26  —  5,421  5,421  519  2021 (c)
Glendale Galleria  Glendale, CA  Retail —  12,100  6,114  —  12,100  6,114  18,214  719  2021 (c)
Golden Triangle Mall  Denton, TX  Retail —  1,550  1,178  —  1,550  1,178  2,728  149  2021 (c)
Initial Cost Gross Amount Carried at Close of Period (b)
Description Location Property Type Encumbrances Land Building & Improvements Costs Capitalized Subsequent to Acquisition Land Building & Improvements Total Accumulated Depreciation Date Acquired Life upon which Depreciation is Computed
Grand Traverse Mall  Traverse City, MI  Retail —  850  1,218  —  850  1,218  2,068  147  2021 (c)
Hamilton Town Center  Noblesville, IN  Retail —  1,950  4,163  —  1,950  4,163  6,113  437  2021 (c)
Hawthorn S/C  Vernon Hills, IL  Retail —  4,100  2,425  —  4,100  2,425  6,525  299  2021 (c)
High Pointe Commons  Harrisburg, PA  Retail —  2,950  2,191  —  2,950  2,191  5,141  239  2021 (c)
Huntington Park CBD  Huntington Park, CA  Retail —  2,450  671  —  2,450  671  3,121  86  2021 (c)
Imperial Valley Mall  El Centro, CA  Retail —  1,650  4,070  —  1,650  4,070  5,720  434  2021 (c)
Killeen Mall  Killeen, TX  Retail —  1,700  790  —  1,700  790  2,490  100  2021 (c)
Lakeline Mall  Cedar Park, TX  Retail —  2,250  2,093  —  2,250  2,093  4,343  255  2021 (c)
Lakeside Mall  Sterling Hts, MI  Retail —  650  5,447  —  650  5,447  6,097  648  2021 (c)
Mall Del Norte  Laredo, TX  Retail —  3,100  2,887  —  3,100  2,887  5,987  344  2021 (c)
Mall of Louisiana  Baton Rouge, LA  Retail —  1,500  4,726  —  1,500  4,726  6,226  550  2021 (c)
Mayaguez Mall  Mayaguez, PR  Retail —  —  4,255  —  —  4,255  4,255  478  2021 (c)
Meadowood Mall  Reno, NV  Retail —  8,935  996  —  8,935  996  9,931  135  2021 (c)
Meadows Mall  Las Vegas, NV  Retail —  3,000  7,114  —  3,000  7,114  10,114  822  2021 (c)
Mid Rivers Mall  St Peters, MO  Retail —  2,000  1,328  —  2,000  1,328  3,328  150  2021 (c)
Midland Park Mall  Midland, TX  Retail —  1,150  2,606  —  1,150  2,606  3,756  308  2021 (c)
Mokena Marketplace  Mokena, IL  Retail —  900  3,782  —  900  3,782  4,682  391  2021 (c)
New Braunfels T/C at Creekside  New Braunfels, TX  Retail —  1,500  3,773  —  1,500  3,773  5,273  381  2021 (c)
Newport Centre  Jersey City, NJ  Retail —  51,400  5,024  38  51,400  5,062  56,462  596  2021 (c)
North Riverside Park Mall  North Riverside, IL  Retail —  4,000  5,413  —  4,000  5,413  9,413  647  2021 (c)
Northridge Fashion Center  Northridge, CA  Retail —  10,450  3,578  —  10,450  3,578  14,028  439  2021 (c)
Northshore Mall  Peabody, MA  Retail —  3,150  5,203  —  3,150  5,203  8,353  606  2021 (c)
Oak Park Mall  Overland Park, KS  Retail —  —  5,989  —  —  5,989  5,989  705  2021 (c)
Oakland Mall  Troy, MI  Retail —  2,650  2,860  —  2,650  2,860  5,510  355  2021 (c)
Oakridge Court  Algonquin, IL  Retail —  1,500  4,878  —  1,500  4,878  6,378  498  2021 (c)
Orland Square  Orland Park, IL  Retail —  2,450  6,329  —  2,450  6,329  8,779  747  2021 (c)
Pacific View Mall  Ventura, CA  Retail —  1,500  7,298  —  1,500  7,298  8,798  838  2021 (c)
Palm Valley Cornerstone  Goodyear, AZ  Retail —  3,400  5,825  —  3,400  5,825  9,225  576  2021 (c)
Pembroke Lakes Mall  Pembroke Pines, FL  Retail —  6,800  3,197  —  6,800  3,197  9,997  383  2021 (c)
Peninsula Town Center  Hampton, VA  Retail —  2,000  3,572  —  2,000  3,572  5,572  379  2021 (c)
Penn Square Mall  Oklahoma City, OK  Retail —  —  2,262  —  —  2,262  2,262  232  2021 (c)
Initial Cost Gross Amount Carried at Close of Period (b)
Description Location Property Type Encumbrances Land Building & Improvements Costs Capitalized Subsequent to Acquisition Land Building & Improvements Total Accumulated Depreciation Date Acquired Life upon which Depreciation is Computed
Pier Park  Panama City Beach, FL  Retail —  1,750  2,299  —  1,750  2,299  4,049  242  2021 (c)
Plaza at West Covina  West Covina, CA  Retail —  3,550  8,742  —  3,550  8,742  12,292  1,012  2021 (c)
Plaza Centro  Caguas, PR  Retail —  —  3,864  —  —  3,864  3,864  449  2021 (c)
Polaris Fashion Place  Columbus, OH  Retail —  2,900  2,945  —  2,900  2,945  5,845  346  2021 (c)
Post Oak Mall  College Station, TX  Retail —  1,550  791  —  1,550  791  2,341  91  2021 (c)
Rivertown Crossings  Grandville, MI  Retail —  950  2,563  —  950  2,563  3,513  297  2021 (c)
Rockaway Townsquare  Rockaway, NJ  Retail —  4,050  9,336  —  4,050  9,336  13,386  1,078  2021 (c)
Rosedale S/C  Roseville, MN  Retail —  4,050  4,671  —  4,050  4,671  8,721  552  2021 (c)
Ross Park Mall  Pittsburgh, PA  Retail —  2,500  5,162  —  2,500  5,162  7,662  608  2021 (c)
Shackleford Crossing  Little Rock, AR  Retail —  2,150  3,120  —  2,150  3,120  5,270  333  2021 (c)
Sherman Town Center  Sherman, TX  Retail —  2,358  560  —  2,358  560  2,918  71  2021 (c)
Shops at Moore  Moore, OK  Retail —  1,250  3,022  —  1,250  3,022  4,272  323  2021 (c)
Solano Town Center  Fairfield, CA  Retail —  2,500  7,210  —  2,500  7,210  9,710  834  2021 (c)
South Point S/C  Mcdonough, GA  Retail —  2,200  1,807  —  2,200  1,807  4,007  201  2021 (c)
Southaven Towne Center  Southaven, MS  Retail —  1,450  3,560  —  1,450  3,560  5,010  385  2021 (c)
SouthPark Center  Strongsville, OH  Retail —  2,100  1,856  —  2,100  1,856  3,956  232  2021 (c)
Southpark Mall  Colonial Hts, VA  Retail —  1,350  4,206  —  1,350  4,206  5,556  489  2021 (c)
Southpark Meadows S/C  Austin, TX  Retail —  —  1,917  —  —  1,917  1,917  211  2021 (c)
St Charles Towne Center  Waldorf, MD  Retail —  1,850  3,834  —  1,850  3,834  5,684  450  2021 (c)
Staten Island Mall  Staten Island, NY  Retail —  17,100  2,933  —  17,100  2,933  20,033  358  2021 (c)
Stone Creek Towne Center  Colerain Township, OH  Retail —  1,750  2,841  —  1,750  2,841  4,591  305  2021 (c)
Stones River Mall  Murfreesboro, TN  Retail —  700  2,467  —  700  2,467  3,167  266  2021 (c)
Sunrise Mall  Brownsville, TX  Retail —  1,650  2,486  —  1,650  2,486  4,136  295  2021 (c)
Superstition Springs Mall  Mesa, AZ  Retail —  5,900  3,385  —  5,900  3,385  9,285  405  2021 (c)
Teas Crossing  Conroe, TX  Retail —  2,200  1,844  —  2,200  1,844  4,044  201  2021 (c)
The Mall at Bay Plaza  Bronx, NY  Retail —  —  1,155  —  —  1,155  1,155  157  2021 (c)
The Mall at Robinson T/C  Pittsburgh, PA  Retail —  550  7,476  —  550  7,476  8,026  839  2021 (c)
The Mall at Rockingham Park  Salem, NH  Retail —  2,300  6,295  —  2,300  6,295  8,595  726  2021 (c)
The Mall at Turtle Creek  Jonesboro, AR  Retail —  2,555  534  —  2,555  534  3,089  69  2021 (c)
Initial Cost Gross Amount Carried at Close of Period (b)
Description Location Property Type Encumbrances Land Building & Improvements Costs Capitalized Subsequent to Acquisition Land Building & Improvements Total Accumulated Depreciation Date Acquired Life upon which Depreciation is Computed
The Mall at Tuttle Crossing  Dublin, OH  Retail —  1,700  3,267  —  1,700  3,267  4,967  391  2021 (c)
The Mall at Wellington Green  Wellington, FL  Retail —  6,750  2,101  —  6,750  2,101  8,851  260  2021 (c)
The Orchard at Slatten Ranch  Antioch, CA  Retail —  4,100  3,328  —  4,100  3,328  7,428  347  2021 (c)
The Parks at Arlington  Arlington, TX  Retail —  2,100  4,510  —  2,100  4,510  6,610  530  2021 (c)
The Plaza at Shoal Creek  Kansas City, MO  Retail —  1,050  2,095  —  1,050  2,095  3,145  230  2021 (c)
The Shoppes at Buckland Hills  Manchester, CT  Retail —  2,150  3,088  —  2,150  3,088  5,238  367  2021 (c)
The Shops at Fallen Timbers  Maumee, OH  Retail —  2,100  1,135  —  2,100  1,135  3,235  133  2021 (c)
The Shops at Montebello  Montebello, CA  Retail —  12,086  944  —  12,086  944  13,030  128  2021 (c)
The Shops at Stone Park  Houston, TX  Retail —  2,400  2,605  —  2,400  2,605  5,005  270  2021 (c)
The Streets at Southpoint  Durham, NC  Retail —  3,250  943  —  3,250  943  4,193  121  2021 (c)
Town Center at Aurora  Aurora, CO  Retail —  3,200  5,865  —  3,200  5,865  9,065  683  2021 (c)
Twelve Oaks Mall  Novi, MI  Retail —  1,900  4,267  —  1,900  4,267  6,167  504  2021 (c)
Valle Vista Mall  Harlingen, TX  Retail —  1,900  777  —  1,900  777  2,677  101  2021 (c)
Valley Plaza  Bakersfield, CA  Retail —  —  7,069  —  —  7,069  7,069  817  2021 (c)
Victoria Gardens  Rancho Cucamonga, CA  Retail —  2,050  8,434  —  2,050  8,434  10,484  894  2021 (c)
Waterside Marketplace  Chesterfield Townshp, MI  Retail —  700  3,982  —  700  3,982  4,682  410  2021 (c)
Waxahachie Towne Center Crossing  Waxahachie, TX  Retail —  1,150  2,706  —  1,150  2,706  3,856  281  2021 (c)
Westfarms Mall  Farmington, CT  Retail —  —  6,041  —  —  6,041  6,041  617  2021 (c)
Westfield Brandon  Brandon, FL  Retail —  4,300  3,950  —  4,300  3,950  8,250  467  2021 (c)
Westfield Broward  Plantation, FL  Retail —  6,950  3,445  —  6,950  3,445  10,395  412  2021 (c)
Westfield Countryside  Clearwater, FL  Retail —  5,200  1,223  —  5,200  1,223  6,423  164  2021 (c)
Westfield North County  Escondido, CA  Retail —  —  3,694  —  —  3,694  3,694  439  2021 (c)
Westfield Palm Desert  Palm Desert, CA  Retail —  3,450  3,276  —  3,450  3,276  6,726  382  2021 (c)
Westfield Plaza Bonita  National City, CA  Retail —  5,650  4,705  —  5,650  4,705  10,355  552  2021 (c)
Westfield Santa Anita  Arcadia, CA  Retail —  —  2,591  —  —  2,591  2,591  324  2021 (c)
Westfield Southcenter  Tukwila, WA  Retail —  —  14,616  —  —  14,616  14,616  1,557  2021 (c)
Initial Cost Gross Amount Carried at Close of Period (b)
Description Location Property Type Encumbrances Land Building & Improvements Costs Capitalized Subsequent to Acquisition Land Building & Improvements Total Accumulated Depreciation Date Acquired Life upon which Depreciation is Computed
Westmoreland Mall  Greensburg, PA  Retail —  800  6,713  —  800  6,713  7,513  773  2021 (c)
White Marsh Mall  Baltimore, MD  Retail —  6,100  2,580  —  6,100  2,580  8,680  312  2021 (c)
Wolfchase Galleria  Memphis, TN  Retail —  2,150  2,101  —  2,150  2,101  4,251  260  2021 (c)
Woodbridge Center  Woodbridge, NJ  Retail —  10,655  1,094  —  10,655  1,094  11,749  149  2021 (c)
Yuma Palms Regional Center  Yuma, AZ  Retail —  1,650  5,764  —  1,650  5,764  7,414  569  2021 (c)
Total properties $ 368,586  $ 457,197  $ 88  $ 368,586  $ 457,285  $ 825,871  $ 52,104 

a.We have prepared Schedule III – Real Estate and Accumulated Depreciation (“Schedule III”) omitting certain of the required information articulated in Securities and Exchange Commission Rule 12-28 in Regulation S-X. Rule 12-28 requires property specific information for the date of construction; these disclosures have been omitted from Schedule III. We are unable to provide this disclosure as many of the Properties were constructed prior to when Old Copper’s fixed asset accounting software was implemented, and thus we do not have the requisite historical records readily available.
b.The aggregate cost of land, buildings and improvements for federal income tax purposes is approximately $826 million.
c.Depreciation is computed based on the following estimated useful lives: Buildings and Improvements 19-43 years.
Reconciliation of investment properties:
Year Ended December 31,
2024 2023 2022
Balance, beginning of period $ 901,001  $ 919,637  $ 1,027,734 
Provision for impairment of investment properties (2,081) —  — 
Sales of investment properties (73,049) (18,636) (108,185)
Costs capitalized subsequent to acquisition —  —  88 
Balance, end of period $ 825,871  $ 901,001  $ 919,637 

Reconciliation of accumulated depreciation:
Year Ended December 31,
2024 2023 2022
Balance, beginning of period $ 41,818  $ 27,742  $ 14,615 
Depreciation expense 13,849  14,418  15,465 
Sales of investment properties (3,563) (342) (2,338)
Balance, end of period $ 52,104  $ 41,818  $ 27,742