SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2018



	Initial Cost								Gross Amounts at Which Carried at Close of Period
Property Location	Encumb- rances		Land and improve- ments		Buildings and Improve- ments		Costs Capitalized Subsequent to Acquisition/ Improvement		Land and improve- ments		Buildings and Improve- ments		Total		Accumulated Depreciation		Depreci- ation Life ⁽¹⁾	Date of Acquisition (A)/ Construction (C) ⁽²⁾		Rentable Square Feet ⁽³⁾ (unaudited)
	($ in thousands)
Office Properties:
2829 Townsgate Rd., Thousand Oaks, CA			$	5,248	$	8,001	$	8,267	$	5,248	$	16,268	$	21,516	$	11,862	35	1997	( A )	84,098
2240 E. Imperial Highway, El Segundo, CA			1,044		11,763		29,509		1,048		41,268		42,316		25,671		35	1983	( C )	122,870
2250 E. Imperial Highway, El Segundo, CA			2,579		29,062		36,148		2,547		65,242		67,789		52,858		35	1983	( C )	298,728
2260 E. Imperial Highway, El Segundo, CA			2,518		28,370		36,672		2,547		65,013		67,560		14,064		35	1983	( C )	298,728
909 N. Pacific Coast Highway, El Segundo, CA		(4)	3,577		34,042		48,056		3,577		82,098		85,675		38,602		35	2005	( C )	244,136
999 N. Pacific Coast Highway, El Segundo, CA		(4)	1,407		34,326		16,497		1,407		50,823		52,230		23,178		35	2003	( C )	128,588
6115 W. Sunset Blvd., Los Angeles, CA ⁽⁵⁾			1,313		3		16,458		2,455		15,319		17,774		1,483		35	2015	( C )	26,105
6121 W. Sunset Blvd., Los Angeles, CA ⁽⁵⁾			11,120		4,256		43,952		8,703		50,625		59,328		5,631		35	2015	( C )	91,173
1525 N. Gower Street, Los Angeles, CA ⁽⁵⁾			1,318		3		9,642		1,318		9,645		10,963		870		35	2016	( C )	9,610
1575 N. Gower Street, Los Angeles, CA ⁽⁵⁾			22,153		51		119,406		22,153		119,457		141,610		8,149		35	2016	( C )	251,245
1500 N. El Centro Ave., Los Angeles, CA ⁽⁵⁾			9,235		21		58,582		9,235		58,603		67,838		4,026		35	2016	( C )	104,504
1550 N. El Centro Ave., Los Angeles, CA^{(5) (6)}			16,970		39		135,583		16,970		135,622		152,592		9,911		35	2016	( C )	—
6255 W. Sunset Blvd., Los Angeles, CA			18,111		60,320		44,535		18,111		104,855		122,966		29,278		35	2012	( A )	323,920
3750 Kilroy Airport Way, Long Beach, CA			—		1,941		11,153		—		13,094		13,094		10,395		35	1989	( C )	10,457
3760 Kilroy Airport Way, Long Beach, CA			—		17,467		13,714		—		31,181		31,181		25,635		35	1989	( C )	165,278
3780 Kilroy Airport Way, Long Beach, CA			—		22,319		23,008		—		45,327		45,327		37,365		35	1989	( C )	219,777
3800 Kilroy Airport Way, Long Beach, CA			—		19,408		20,838		—		40,246		40,246		23,575		35	2000	( C )	192,476
3840 Kilroy Airport Way, Long Beach, CA			—		13,586		10,364		—		23,950		23,950		15,417		35	1999	( C )	136,026
3880 Kilroy Airport Way, Long Beach, CA			—		9,704		11,277		—		20,981		20,981		3,820		35	1997	( A )	96,035
3900 Kilroy Airport Way, Long Beach, CA			—		12,615		11,983		—		24,598		24,598		17,147		35	1997	( A )	129,893
Kilroy Airport Center, Phase IV, Long Beach, CA ⁽⁷⁾			—		—		4,997		—		4,997		4,997		4,997		35	—	—	—
8560 W. Sunset Blvd, West Hollywood, CA			9,720		50,956		600		9,720		51,556		61,276		4,209		35	2016	( A )	71,875
8570 W. Sunset Blvd, West Hollywood, CA			31,693		27,974		925		31,693		28,899		60,592		2,085		35	2016	( A )	43,603
8580 W. Sunset Blvd, West Hollywood, CA			10,013		3,695		135		10,013		3,830		13,843		264		35	2016	( A )	7,126
8590 W. Sunset Blvd, West Hollywood, CA			39,954		27,884		1,092		39,954		28,976		68,930		2,267		35	2016	( A )	56,095
12100 W. Olympic Blvd., Los Angeles, CA	170,000	(8)	352		45,611		18,518		9,633		54,848		64,481		27,316		35	2003	( C )	152,048
12200 W. Olympic Blvd., Los Angeles, CA		(8)	4,329		35,488		23,707		3,977		59,547		63,524		37,257		35	2000	( C )	150,832
12233 W. Olympic Blvd., Los Angeles, CA			22,100		53,170		3,986		22,100		57,156		79,256		11,832		35	2012	( A )	151,029
12312 W. Olympic Blvd., Los Angeles, CA		(8)	3,325		12,202		11,341		3,399		23,469		26,868		12,017		35	1997	( A )	76,644
1633 26th St., Santa Monica, CA			2,080		6,672		3,139		2,040		9,851		11,891		6,908		35	1997	( A )	43,857
2100/2110 Colorado Ave., Santa Monica, CA	91,332	(9)	5,474		26,087		14,620		5,476		40,705		46,181		24,031		35	1997	( A )	102,864
3130 Wilshire Blvd., Santa Monica, CA			8,921		6,579		15,992		9,188		22,304		31,492		14,674		35	1997	( A )	90,074
501 Santa Monica Blvd., Santa Monica, CA		(4)	4,547		12,044		14,129		4,551		26,169		30,720		15,614		35	1998	( A )	76,803
2211 Michelson, Irvine, CA		(9)	9,319		82,836		6,629		9,319		89,465		98,784		27,097		35	2010	( A )	271,556
12225 El Camino Real, Del Mar, CA			1,700		9,633		3,493		1,673		13,153		14,826		8,905		35	1998	( A )	58,401

KILROY REALTY CORPORATION AND KILROY REALTY, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION – (Continued)

December 31, 2018



	Initial Cost					Gross Amounts at Which Carried at Close of Period
Property Location	Encumb- rances		Land and improve- ments	Buildings and Improve- ments	Costs Capitalized Subsequent to Acquisition/ Improvement	Land and improve- ments	Buildings and Improve- ments	Total	Accumulated Depreciation	Depreci- ation Life ⁽¹⁾	Date of Acquisition (A)/ Construction (C) ⁽²⁾		Rentable Square Feet ⁽³⁾ (unaudited)
	($ in thousands)
12235 El Camino Real, Del Mar, CA			1,507	8,543	8,965	1,540	17,475	19,015	9,681	35	1998	( A )	53,751
12340 El Camino Real, Del Mar, CA			4,201	13,896	9,858	4,201	23,754	27,955	11,257	35	2002	( C )	89,272
12390 El Camino Real, Del Mar, CA			3,453	11,981	3,896	3,453	15,877	19,330	8,995	35	2000	( C )	70,140
12348 High Bluff Dr., Del Mar, CA			1,629	3,096	6,141	1,629	9,237	10,866	6,206	35	1999	( C )	38,806
12400 High Bluff Dr., Del Mar, CA		(4)	15,167	40,497	14,337	15,167	54,834	70,001	27,243	35	2004	( C )	209,220
3579 Valley Centre Dr., Del Mar, CA			2,167	6,897	7,449	2,858	13,655	16,513	9,512	35	1999	( C )	52,418
3611 Valley Centre Dr., Del Mar, CA			4,184	19,352	18,881	5,259	37,158	42,417	24,251	35	2000	( C )	129,656
3661 Valley Centre Dr., Del Mar, CA			4,038	21,144	16,178	4,725	36,635	41,360	20,619	35	2001	( C )	128,364
3721 Valley Centre Dr., Del Mar, CA			4,297	18,967	14,569	4,254	33,579	37,833	15,893	35	2003	( C )	115,193
3811 Valley Centre Dr., Del Mar, CA			3,452	16,152	20,105	4,457	35,252	39,709	21,545	35	2000	( C )	112,067
12770 El Camino Real, Del Mar, CA			9,360	—	33,628	9,360	33,628	42,988	1,950	35	2015	( C )	73,032
12780 El Camino Real, Del Mar, CA			18,398	54,954	14,775	18,398	69,729	88,127	11,995	35	2013	( A )	140,591
12790 El Camino Real, Del Mar, CA			10,252	21,236	1,426	10,252	22,662	32,914	4,794	35	2013	( A )	78,836
13280 Evening Creek Dr. South, I-15 Corridor, CA			3,701	8,398	4,730	3,701	13,128	16,829	5,167	35	2008	( C )	41,196
13290 Evening Creek Dr. South, I-15 Corridor, CA			5,229	11,871	5,919	5,229	17,790	23,019	5,950	35	2008	( C )	61,180
13480 Evening Creek Dr. North, I-15 Corridor, CA			7,997	—	52,143	7,997	52,143	60,140	18,660	35	2008	( C )	154,157
13500 Evening Creek Dr. North, I-15 Corridor, CA			7,581	35,903	15,331	7,580	51,235	58,815	20,471	35	2004	( A )	137,658
13520 Evening Creek Dr. North, I-15 Corridor, CA			7,581	35,903	15,427	7,580	51,331	58,911	22,819	35	2004	( A )	146,701
2305 Historic Decatur Rd., Point Loma, CA			5,240	22,220	7,309	5,240	29,529	34,769	9,248	35	2010	( A )	107,456
4690 Executive Dr., University Towne Centre, CA			1,623	7,926	3,668	1,623	11,594	13,217	7,324	35	1999	( A )	47,846
4100 Bohannon Dr., Menlo Park, CA		(4)	4,835	15,526	525	4,860	16,026	20,886	3,954	35	2012	( A )	47,379
4200 Bohannon Dr., Menlo Park, CA		(4)	4,798	15,406	3,222	4,662	18,764	23,426	4,915	35	2012	( A )	45,451
4300 Bohannon Dr., Menlo Park, CA		(4)	6,527	20,958	2,955	6,470	23,970	30,440	6,996	35	2012	( A )	63,079
4400 Bohannon Dr., Menlo Park, CA		(4)	4,798	15,406	2,943	4,939	18,208	23,147	5,066	35	2012	( A )	48,146
4500 Bohannon Dr., Menlo Park, CA		(4)	6,527	20,957	2,025	6,470	23,039	29,509	5,665	35	2012	( A )	63,078
4600 Bohannon Dr., Menlo Park, CA		(4)	4,798	15,406	3,326	4,939	18,591	23,530	4,924	35	2012	( A )	48,147
4700 Bohannon Dr., Menlo Park, CA		(4)	6,527	20,958	1,422	6,470	22,437	28,907	5,492	35	2012	( A )	63,078
1290 - 1300 Terra Bella Ave., Mountain View, CA			28,730	27,555	29	28,730	27,584	56,314	3,589	35	2016	( A )	114,175
331 Fairchild Dr., Mountain View, CA		(4)	18,396	17,712	7,955	18,396	25,667	44,063	4,674	35	2013	( C )	87,147
680 E. Middlefield Rd., Mountain View, CA			34,605	—	56,464	34,605	56,464	91,069	7,908	35	2014	( C )	170,090
690 E. Middlefield Rd., Mountain View, CA			34,755	—	56,707	34,755	56,707	91,462	7,942	35	2014	( C )	170,823
1701 Page Mill Rd, Palo Alto, CA			—	99,522	25	—	99,547	99,547	6,000	35	2016	( A )	128,688
3150 Porter Drive, Palo Alto, CA			—	21,715	4	—	21,719	21,719	1,591	35	2016	( A )	36,897
900 Jefferson Ave., Redwood City, CA ⁽¹⁰⁾			16,668	—	109,313	18,063	107,918	125,981	11,977	35	2015	( C )	228,505
900 Middlefield Rd., Redwood City, CA ⁽¹⁰⁾			7,959	—	49,862	8,626	49,195	57,821	5,204	35	2015	( C )	118,764
303 Second St., San Francisco, CA ⁽¹¹⁾			63,550	154,153	70,133	63,550	224,286	287,836	71,553	35	2010	( A )	740,047

KILROY REALTY CORPORATION AND KILROY REALTY, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION – (Continued)

December 31, 2018



	Initial Cost									Gross Amounts at Which Carried at Close of Period
Property Location	Encumb- rances			Land and improve- ments		Buildings and Improve- ments		Costs Capitalized Subsequent to Acquisition/ Improvement		Land and improve- ments		Buildings and Improve- ments		Total		Accumulated Depreciation			Depreci- ation Life ⁽¹⁾		Date of Acquisition (A)/ Construction (C) ⁽²⁾		Rentable Square Feet ⁽³⁾ (unaudited)
	($ in thousands)
100 First St., San Francisco, CA ⁽¹²⁾				49,150		131,238		63,503		49,150		194,741		243,891		53,081			35		2010	( A )	467,095
250 Brannan St., San Francisco, CA				7,630		22,770		4,466		7,630		27,236		34,866		9,786			35		2011	( A )	100,850
201 Third St., San Francisco, CA				19,260		84,018		66,543		19,260		150,561		169,821		46,541			35		2011	( A )	346,538
301 Brannan St., San Francisco, CA				5,910		22,450		5,109		5,910		27,559		33,469		8,375			35		2011	( A )	82,834
360 Third St., San Francisco, CA				—		88,235		112,885		28,504		172,616		201,120		39,931			35		2011	( A )	429,796
333 Brannan St., San Francisco, CA				18,645		—		78,426		18,645		78,426		97,071		6,451			35		2016	( C )	185,602
350 Mission Street, San Francisco, CA				52,815		—		213,459		52,815		213,459		266,274		17,818			35		2016	( C )	455,340
100 Hooper Street, San Francisco, CA ⁽¹⁵⁾				78,564		—		179,739		78,564		179,739		258,303		1,043		1,043	35	0.035	2018	( C )	—
345 Brannan St., San Francisco, CA				29,405		113,179		—		29,405		113,179		142,584		—		—	35	0.035	2018	( A )	110,030
345 Oyster Point Blvd., South San Francisco, CA				13,745		18,575		2		13,745		18,577		32,322		611			35		2018	( A )	40,410
347 Oyster Point Blvd, South San Francisco, CA				14,071		18,289		8		14,071		18,297		32,368		602			35		2018	( A )	39,780
349 Oyster Point Blvd., South San Francisco, CA				23,112		22,601		771		23,112		23,372		46,484		919			35		2018	( A )	65,340
505 Mathilda Ave., Sunnyvale, CA				37,843		1,163		50,450		37,943		51,513		89,456		6,388			35		2014	( C )	212,322
555 Mathilda Ave., Sunnyvale, CA				37,843		1,163		50,447		37,943		51,510		89,453		6,387			35		2014	( C )	212,322
605 Mathilda Ave., Sunnyvale, CA				29,014		891		77,281		29,090		78,096		107,186		14,036			35		2014	( C )	162,785
599 Mathilda Ave., Sunnyvale, CA				13,538		12,559		58		13,538		12,617		26,155		3,568			35		2012	( A )	76,031
601 108th Ave., Bellevue, WA				—		214,095		33,860		—		247,955		247,955		70,018			35		2011	( A )	488,470
10900 NE 4th St., Bellevue, WA				25,080		150,877		36,619		25,080		187,496		212,576		46,105			35		2012	( A )	428,557
837 N. 34th St., Lake Union, WA				—		37,404		3,817		—		41,221		41,221		9,697			35		2012	( A )	111,580
701 N. 34th St., Lake Union, WA				—		48,027		7,989		—		56,016		56,016		13,785			35		2012	( A )	138,994
801 N. 34th St., Lake Union, WA				—		58,537		1,657		—		60,194		60,194		14,159			35		2012	( A )	169,412
320 Westlake Avenue North, WA	74,479		(13)	14,710		82,018		5,063		14,710		87,081		101,791		16,693			35		2013	( A )	184,644
321 Terry Avenue North, Lake Union, WA			(13)	10,430		60,003		9,987		10,430		69,990		80,420		13,046			35		2013	( A )	135,755
401 Terry Avenue North, Lake Union, WA				22,500		77,046		—		22,500		77,046		99,546		12,888			35		2014	( A )	140,605
TOTAL OPERATING PROPERTIES	335,811			1,117,915		2,777,476		2,472,731		1,160,138		5,207,984		6,368,122		1,391,368							13,232,580
Undeveloped land and construction in progress	—			940,092		—		1,118,418		940,092		1,118,418		2,058,510		—							—
TOTAL ALL PROPERTIES	$	335,811	(14)	$	2,058,007	$	2,777,476	$	3,591,149	$	2,100,230	$	6,326,402	$	8,426,632	$	1,391,368						13,232,580

KILROY REALTY CORPORATION AND KILROY REALTY, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION – (Continued)

December 31, 2018

__________________


(1)	The initial costs of buildings and improvements are depreciated over 35 years using a straight-line method of accounting; improvements capitalized subsequent to acquisition are depreciated over the shorter of the lease term or useful life, generally ranging from one to 20 years.


(2)	Represents our date of construction or acquisition, or of our predecessor, the Kilroy Group.


(3)	Includes square footage from our stabilized portfolio.


(4)	These properties secure intercompany promissory notes between KRLP and consolidated property partnerships.


(5)	These properties include the costs of a shared parking structure for a complex comprised of five office buildings and one residential tower. The costs of the parking structure are allocated amongst the six buildings.


(6)	This property represents the 200-unit Columbia Square - Residential tower that stabilized in 2016.


(7)	These costs represent infrastructure costs incurred in 1989. During the third quarter of 2009, we exercised our option to terminate the ground lease at Kilroy Airport Center, Phase IV in Long Beach, California. We had previously leased this land, which is adjacent to our Office Properties at Kilroy Airport Center, Long Beach, for potential future development opportunities.


(8)	These properties secure a $170.0 million mortgage note.


(9)	These properties secure a $91.3 million mortgage note


(10)	These properties are owned by Redwood City Partners LLC, a consolidated property partnership.


(11)	This property is owned by 303 Second Street Member LLC, a consolidated property partnership.


(12)	This property is owned by 100 First Street Member LLC, a consolidated property partnership.


(13)	These properties secure a $74.5 million mortgage note, which was repaid at par in February 2019.


(14)	Represents gross aggregate principal amount before the effect of the unamortized premium of approximately $0.8 million and deferred financing costs of $1.0 million as of December 31, 2018.


(15)	This property is currently in the tenant improvement phase of our in-process development projects and not yet in the stabilized portfolio. The estimated rentable square feet for this property is 400,000 rentable square feet.