Schedule III - REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2025

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	495	2021	(c)
Antelope Valley Mall	Palmdale, CA	Retail	—	3,050	4,742	—	3,050	4,742	7,792	690	2021	(c)
Arden Fair Mall	Sacramento, CA	Retail	—	1,200	8,455	—	1,200	8,455	9,655	1,221	2021	(c)
Arrowhead Towne Center	Glendale, AZ	Retail	—	4,500	5,862	—	4,500	5,862	10,362	854	2021	(c)
Ashland Town Center	Ashland, KY	Retail	—	—	3,114	—	—	3,114	3,114	408	2021	(c)
Baybrook Mall	Friendswood, TX	Retail	—	—	1,580	—	—	1,580	1,580	223	2021	(c)
Bellis Fair	Bellingham, WA	Retail	—	1,550	2,744	—	1,550	2,744	4,294	399	2021	(c)
Boise Towne Square	Boise, ID	Retail	—	2,600	6,595	—	2,600	6,595	9,195	958	2021	(c)
Brea Mall	Brea, CA	Retail	—	—	933	—	—	933	933	159	2021	(c)
Center at Owasso	Owasso, OK	Retail	—	—	2,533	—	—	2,533	2,533	330	2021	(c)
Clackamas Town Center	Portland (Happy Valley), OR	Retail	—	6,900	4,722	—	6,900	4,722	11,622	697	2021	(c)
Columbia Center	Kennewick, WA	Retail	—	3,450	10,268	—	3,450	10,268	13,718	1,479	2021	(c)
Coral Ridge Mall	Coralville, IA	Retail	—	800	2,624	—	800	2,624	3,424	387	2021	(c)
Coronado Center	Albuquerque, NM	Retail	—	2,750	6,050	—	2,750	6,050	8,800	879	2021	(c)
Cottonwood Mall	Albuquerque, NM	Retail	—	3,400	4,247	—	3,400	4,247	7,647	623	2021	(c)
Danbury Fair	Danbury, CT	Retail	—	1,800	3,554	—	1,800	3,554	5,354	528	2021	(c)
Deerbrook Mall	Humble, TX	Retail	—	3,100	1,172	—	3,100	1,172	4,272	186	2021	(c)
El Mercado Plaza	El Paso, TX	Retail	—	—	5,050	—	—	5,050	5,050	661	2021	(c)
Fairmont Center	Pasadena, TX	Retail	—	—	2,571	—	—	2,571	2,571	327	2021	(c)
First & Main Town Center	Colorado Springs, CO	Retail	—	—	3,859	—	—	3,859	3,859	511	2021	(c)
First Colony Mall	Sugarland, TX	Retail	—	3,450	2,067	—	3,450	2,067	5,517	317	2021	(c)
Florence Mall	Florence, KY	Retail	—	2,200	5,419	—	2,200	5,419	7,619	792	2021	(c)
Fox River Mall	Appleton, WI	Retail	—	1,847	600	—	1,847	600	2,447	102	2021	(c)
Freehold Raceway Mall	Freehold, NJ	Retail	—	3,750	6,026	24	3,196	5,286	8,482	880	2021	(c)
Galleria at Sunset	Henderson, NV	Retail	—	—	5,321	—	—	5,321	5,321	774	2021	(c)
Galleria at Tyler	Riverside, CA	Retail	—	8,800	1,584	—	8,800	1,584	10,384	259	2021	(c)
Gateway Shopping Center I & II	Brooklyn, NY	Retail	—	—	5,395	26	—	5,421	5,421	651	2021	(c)
Glendale Galleria	Glendale, CA	Retail	—	12,100	6,114	—	12,100	6,114	18,214	902	2021	(c)
Golden Triangle Mall	Denton, TX	Retail	—	1,550	1,178	—	1,550	1,178	2,728	187	2021	(c)
Grand Traverse Mall	Traverse City, MI	Retail	—	850	1,218	—	850	1,218	2,068	184	2021	(c)
Hamilton Town Center	Noblesville, IN	Retail	—	1,950	4,163	—	1,950	4,163	6,113	549	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
Hawthorn S/C	Vernon Hills, IL	Retail	—	4,100	2,425	—	3,379	2,065	5,444	375	2021	(c)
High Pointe Commons	Harrisburg, PA	Retail	—	2,950	2,191	—	2,950	2,191	5,141	300	2021	(c)
Huntington Park CBD	Huntington Park, CA	Retail	—	2,450	671	—	2,450	671	3,121	108	2021	(c)
Imperial Valley Mall	El Centro, CA	Retail	—	1,650	4,070	—	1,650	4,070	5,720	545	2021	(c)
Killeen Mall	Killeen, TX	Retail	—	1,700	790	—	1,700	790	2,490	125	2021	(c)
Lakeline Mall	Cedar Park, TX	Retail	—	2,250	2,093	—	2,250	2,093	4,343	321	2021	(c)
Lakeside Mall	Sterling Hts, MI	Retail	—	650	5,447	—	650	5,447	6,097	813	2021	(c)
Mall Del Norte	Laredo, TX	Retail	—	3,100	2,887	—	3,100	2,887	5,987	432	2021	(c)
Mall of Louisiana	Baton Rouge, LA	Retail	—	1,500	4,726	—	1,500	4,726	6,226	690	2021	(c)
Mayaguez Mall	Mayaguez, PR	Retail	—	—	4,255	—	—	4,255	4,255	600	2021	(c)
Meadowood Mall	Reno, NV	Retail	—	8,935	996	—	8,935	996	9,931	170	2021	(c)
Meadows Mall	Las Vegas, NV	Retail	—	3,000	7,114	—	3,000	7,114	10,114	1,032	2021	(c)
Mid Rivers Mall	St Peters, MO	Retail	—	2,000	1,328	—	2,000	1,328	3,328	188	2021	(c)
Midland Park Mall	Midland, TX	Retail	—	1,150	2,606	—	1,150	2,606	3,756	386	2021	(c)
Mokena Marketplace	Mokena, IL	Retail	—	900	3,782	—	900	3,782	4,682	490	2021	(c)
Newport Centre	Jersey City, NJ	Retail	—	51,400	5,024	38	44,402	4,473	48,875	752	2021	(c)
North Riverside Park Mall	North Riverside, IL	Retail	—	4,000	5,413	—	4,000	5,413	9,413	812	2021	(c)
Northridge Fashion Center	Northridge, CA	Retail	—	10,450	3,578	—	10,450	3,578	14,028	551	2021	(c)
Northshore Mall	Peabody, MA	Retail	—	3,150	5,203	—	3,150	5,203	8,353	761	2021	(c)
Oak Park Mall	Overland Park, KS	Retail	—	—	5,989	—	—	5,989	5,989	886	2021	(c)
Oakland Mall	Troy, MI	Retail	—	2,650	2,860	—	2,650	2,860	5,510	446	2021	(c)
Oakridge Court	Algonquin, IL	Retail	—	1,500	4,878	—	1,500	4,878	6,378	625	2021	(c)
Orland Square	Orland Park, IL	Retail	—	2,450	6,329	—	2,450	6,329	8,779	937	2021	(c)
Pacific View Mall	Ventura, CA	Retail	—	1,500	7,298	—	1,500	7,298	8,798	1,051	2021	(c)
Palm Valley Cornerstone	Goodyear, AZ	Retail	—	3,400	5,825	—	3,400	5,825	9,225	723	2021	(c)
Pembroke Lakes Mall	Pembroke Pines, FL	Retail	—	6,800	3,197	—	6,800	3,197	9,997	480	2021	(c)
Peninsula Town Center	Hampton, VA	Retail	—	2,000	3,572	—	2,000	3,572	5,572	475	2021	(c)
Penn Square Mall	Oklahoma City, OK	Retail	—	—	2,262	—	—	2,262	2,262	291	2021	(c)
Pier Park	Panama City Beach, FL	Retail	—	1,750	2,299	—	1,750	2,299	4,049	303	2021	(c)
Plaza at West Covina	West Covina, CA	Retail	—	3,550	8,742	—	3,550	8,742	12,292	1,271	2021	(c)
Plaza Centro	Caguas, PR	Retail	—	—	3,864	—	—	3,864	3,864	564	2021	(c)
Polaris Fashion Place	Columbus, OH	Retail	—	2,900	2,945	—	2,900	2,945	5,845	434	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
Post Oak Mall	College Station, TX	Retail	—	1,550	791	—	1,550	791	2,341	115	2021	(c)
Rivertown Crossings	Grandville, MI	Retail	—	950	2,563	—	950	2,563	3,513	373	2021	(c)
Rockaway Townsquare	Rockaway, NJ	Retail	—	4,050	9,336	—	4,050	9,336	13,386	1,353	2021	(c)
Rosedale S/C	Roseville, MN	Retail	—	4,050	4,671	—	4,050	4,671	8,721	693	2021	(c)
Shackleford Crossing	Little Rock, AR	Retail	—	2,150	3,120	—	2,150	3,120	5,270	418	2021	(c)
Sherman Town Center	Sherman, TX	Retail	—	2,358	560	—	2,358	560	2,918	90	2021	(c)
Shops at Moore	Moore, OK	Retail	—	1,250	3,022	—	1,250	3,022	4,272	406	2021	(c)
Solano Town Center	Fairfield, CA	Retail	—	2,500	7,210	—	2,500	7,210	9,710	1,047	2021	(c)
South Point S/C	Mcdonough, GA	Retail	—	2,200	1,807	—	2,200	1,807	4,007	253	2021	(c)
Southaven Towne Center	Southaven, MS	Retail	—	1,450	3,560	—	1,450	3,560	5,010	484	2021	(c)
SouthPark Center	Strongsville, OH	Retail	—	2,100	1,856	—	2,100	1,856	3,956	292	2021	(c)
Southpark Mall	Colonial Hts, VA	Retail	—	1,350	4,206	—	1,350	4,206	5,556	613	2021	(c)
Southpark Meadows S/C	Austin, TX	Retail	—	—	1,917	—	—	1,917	1,917	266	2021	(c)
St Charles Towne Center	Waldorf, MD	Retail	—	1,850	3,834	—	1,850	3,834	5,684	565	2021	(c)
Staten Island Mall	Staten Island, NY	Retail	—	17,100	2,933	—	15,171	2,653	17,824	450	2021	(c)
Stone Creek Towne Center	Colerain Township, OH	Retail	—	1,750	2,841	—	1,750	2,841	4,591	383	2021	(c)
Stones River Mall	Murfreesboro, TN	Retail	—	700	2,467	—	700	2,467	3,167	334	2021	(c)
Sunrise Mall	Brownsville, TX	Retail	—	1,650	2,486	—	1,650	2,486	4,136	370	2021	(c)
Superstition Springs Mall	Mesa, AZ	Retail	—	5,900	3,385	—	5,900	3,385	9,285	508	2021	(c)
Teas Crossing	Conroe, TX	Retail	—	2,200	1,844	—	2,200	1,844	4,044	252	2021	(c)
The Mall at Bay Plaza	Bronx, NY	Retail	—	—	1,155	—	—	1,155	1,155	197	2021	(c)
The Mall at Robinson T/C	Pittsburgh, PA	Retail	—	550	7,476	—	550	7,476	8,026	1,053	2021	(c)
The Mall at Rockingham Park	Salem, NH	Retail	—	2,300	6,295	—	2,300	6,295	8,595	911	2021	(c)
The Mall at Turtle Creek	Jonesboro, AR	Retail	—	2,555	534	—	2,555	534	3,089	87	2021	(c)
The Mall at Tuttle Crossing	Dublin, OH	Retail	—	1,700	3,267	—	1,700	3,267	4,967	490	2021	(c)
The Mall at Wellington Green	Wellington, FL	Retail	—	6,750	2,101	—	6,750	2,101	8,851	326	2021	(c)
The Orchard at Slatten Ranch	Antioch, CA	Retail	—	4,100	3,328	—	4,100	3,328	7,428	435	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 Parks at Arlington	Arlington, TX	Retail	—	2,100		4,510		—		2,100		4,510		6,610		665		2021	(c)
The Plaza at Shoal Creek	Kansas City, MO	Retail	—	1,050		2,095		—		1,050		2,095		3,145		289		2021	(c)
The Shoppes at Buckland Hills	Manchester, CT	Retail	—	2,150		3,088		—		2,150		3,088		5,238		461		2021	(c)
The Shops at Fallen Timbers	Maumee, OH	Retail	—	2,100		1,135		—		2,100		1,135		3,235		167		2021	(c)
The Shops at Montebello	Montebello, CA	Retail	—	12,086		944		—		12,086		944		13,030		161		2021	(c)
The Streets at Southpoint	Durham, NC	Retail	—	3,250		943		—		3,250		943		4,193		152		2021	(c)
Town Center at Aurora	Aurora, CO	Retail	—	3,200		5,865		—		3,200		5,865		9,065		857		2021	(c)
Twelve Oaks Mall	Novi, MI	Retail	—	1,900		4,267		—		1,900		4,267		6,167		632		2021	(c)
Valle Vista Mall	Harlingen, TX	Retail	—	1,900		777		—		1,900		777		2,677		127		2021	(c)
Valley Plaza	Bakersfield, CA	Retail	—	—		7,069		—		—		7,069		7,069		1,026		2021	(c)
Victoria Gardens	Rancho Cucamonga, CA	Retail	—	2,050		8,434		—		2,050		8,434		10,484		1,122		2021	(c)
Waterside Marketplace	Chesterfield Townshp, MI	Retail	—	700		3,982		—		700		3,982		4,682		515		2021	(c)
Waxahachie Towne Center Crossing	Waxahachie, TX	Retail	—	1,150		2,706		—		1,150		2,706		3,856		353		2021	(c)
Westfarms Mall	Farmington, CT	Retail	—	—		6,041		—		—		6,041		6,041		775		2021	(c)
Westfield Brandon	Brandon, FL	Retail	—	4,300		3,950		—		4,300		3,950		8,250		586		2021	(c)
Westfield Broward	Plantation, FL	Retail	—	6,950		3,445		—		6,950		3,445		10,395		518		2021	(c)
Westfield Countryside	Clearwater, FL	Retail	—	5,200		1,223		—		5,200		1,223		6,423		206		2021	(c)
Westfield North County	Escondido, CA	Retail	—	—		3,694		—		—		3,694		3,694		552		2021	(c)
Westfield Palm Desert	Palm Desert, CA	Retail	—	3,450		3,276		—		3,450		3,276		6,726		480		2021	(c)
Westfield Plaza Bonita	National City, CA	Retail	—	5,650		4,705		—		5,650		4,705		10,355		693		2021	(c)
Westfield Santa Anita	Arcadia, CA	Retail	—	—		2,591		—		—		2,591		2,591		407		2021	(c)
Westfield Southcenter	Tukwila, WA	Retail	—	—		14,616		—		—		14,616		14,616		1,954		2021	(c)
Westmoreland Mall	Greensburg, PA	Retail	—	800		6,713		—		800		6,713		7,513		970		2021	(c)
White Marsh Mall	Baltimore, MD	Retail	—	6,100		2,580		—		6,100		2,580		8,680		391		2021	(c)
Wolfchase Galleria	Memphis, TN	Retail	—	2,150		2,101		—		2,150		2,101		4,251		326		2021	(c)
Woodbridge Center	Woodbridge, NJ	Retail	—	10,655		1,094		—		10,655		1,094		11,749		187		2021	(c)
Yuma Palms Regional Center	Yuma, AZ	Retail	—	1,650		5,764		—		1,650		5,764		7,414		715		2021	(c)
Total properties				$	362,186	$	444,321	$	88	$	351,984	$	442,416	$	794,400	$	63,600

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 $807 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,
	2025		2024		2023
Balance, beginning of period	$	825,871	$	901,001	$	919,637
Provision for impairment of investment properties	(12,195)		(2,081)		—
Sales of investment properties	(19,276)		(73,049)		(18,636)

Costs capitalized subsequent to acquisition	—		—		—
Balance, end of period	$	794,400	$	825,871	$	901,001

Reconciliation of accumulated depreciation:


	Year Ended December 31,
	2025		2024		2023
Balance, beginning of period	$	52,104	$	41,818	$	27,742
Depreciation expense	13,092		13,849		14,418
Sales of investment properties	(1,596)		(3,563)		(342)

Balance, end of period	$	63,600	$	52,104	$	41,818

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