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Real Estate and Accumulated Depreciation Real Estate and Accumulated Depreciation (Tables)
12 Months Ended
Dec. 31, 2015
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]  
Real Estate and Accumulated Depreciation, By Property [Table Text Block]
Boston Properties, Inc.
Schedule 3 - Real Estate and Accumulated Depreciation
December 31, 2015
(dollars in thousands)
Property Name
 
Type
 
Location
 
Encumbrances
 
Original
 
Costs
Capitalized
Subsequent
to
Acquisition
 
Land and Improvements
 
Building and
Improvements
 
Land
Held for
Development
 
Development
and
Construction
in Progress
 
Total
 
Accumulated
Depreciation
 
Year(s) Built/
Renovated
 
Depreciable
Lives  (Years)
 
Land
 
Building
 
 
767 Fifth Avenue (the General Motors Building)
 
Office
 
New York, NY
 
$
1,377,986

 
$
1,796,252

 
$
1,532,654

 
$
45,800

 
$
1,796,252

 
$
1,578,454

 
$

 
$

 
$
3,374,706

 
$
128,488

 
1968
 
(1)
Embarcadero Center
 
Office
 
San Francisco, CA
 
348,886

 
179,697

 
847,410

 
332,276

 
195,987

 
1,163,396

 

 

 
1,359,383

 
542,103

 
1970/1989
 
(1)
Prudential Center
 
Office
 
Boston, MA
 

 
92,077

 
734,594

 
526,740

 
107,426

 
1,082,583

 
1,714

 
161,688

 
1,353,411

 
446,792

 
1965/1993/2002
 
(1)
399 Park Avenue
 
Office
 
New York, NY
 

 
339,200

 
700,358

 
110,972

 
354,107

 
796,423

 

 

 
1,150,530

 
265,266

 
1961
 
(1)
200 Clarendon Street and Garage (formerly the John Hancock Tower and Garage)
 
Office
 
Boston, MA
 

 
219,543

 
667,884

 
112,229

 
219,616

 
776,755

 
3,285

 

 
999,656

 
128,815

 
1976
 
(1)
601 Lexington Avenue
 
Office
 
New York, NY
 
699,061

 
241,600

 
494,782

 
231,812

 
289,639

 
677,238

 
1,317

 

 
968,194

 
250,128

 
1977/1997
 
(1)
250 West 55th Street
 
Office
 
New York, NY
 

 
285,263

 
603,167

 
16,488

 
285,263

 
619,655

 

 

 
904,918

 
28,349

 
2014
 
(1)
Times Square Tower
 
Office
 
New York, NY
 

 
165,413

 
380,438

 
84,722

 
169,193

 
461,380

 

 

 
630,573

 
164,767

 
2004
 
(1)
Carnegie Center
 
Office
 
Princeton, NJ
 

 
105,107

 
377,259

 
128,069

 
103,064

 
464,086

 
2,475

 
40,810

 
610,435

 
198,387

 
1983-1999
 
(1)
100 Federal Street
 
Office
 
Boston, MA
 

 
131,067

 
435,954

 
15,555

 
131,067

 
450,933

 
576

 

 
582,576

 
60,125

 
1971-1975
 
(1)
Atlantic Wharf
 
Office
 
Boston, MA
 

 
63,988

 
454,537

 
16,376

 
63,988

 
470,913

 

 

 
534,901

 
70,552

 
2011
 
(1)
510 Madison Avenue
 
Office
 
New York, NY
 

 
103,000

 
253,665

 
19,575

 
103,000

 
273,240

 

 

 
376,240

 
34,640

 
2012
 
(1)
Fountain Square
 
Office
 
Reston, VA
 
213,499

 
56,853

 
306,298

 
12,459

 
56,853

 
318,757

 

 

 
375,610

 
39,508

 
1986-1990
 
(1)
599 Lexington Avenue
 
Office
 
New York, NY
 
750,000

 
81,040

 
100,507

 
149,551

 
87,852

 
243,246

 

 

 
331,098

 
160,354

 
1986
 
(1)
680 Folsom Street
 
Office
 
San Francisco, CA
 

 
72,545

 
219,766

 
7,348

 
72,545

 
227,114

 

 

 
299,659

 
13,091

 
2014
 
(1)
South of Market and Democracy Tower
 
Office
 
Reston, VA
 

 
13,603

 
237,479

 
11,977

 
13,687

 
249,372

 

 

 
263,059

 
70,437

 
2008-2009
 
(1)
Bay Colony Corporate Center
 
Office
 
Waltham, MA
 

 
18,789

 
148,451

 
65,997

 
18,789

 
214,448

 

 

 
233,237

 
40,812

 
1985-1989
 
(1)
Gateway Center
 
Office
 
San Francisco, CA
 

 
28,255

 
139,245

 
54,027

 
30,627

 
190,900

 

 

 
221,527

 
94,083

 
1984/1986/2002
 
(1)
535 Mission Street
 
Office
 
San Francisco, CA
 

 
40,933

 
148,378

 

 
40,933

 
148,378

 

 

 
189,311

 
3,221

 
2015
 
(1)
2200 Pennsylvania Avenue
 
Office
 
Washington, DC
 

 

 
183,541

 
5,230

 

 
188,771

 

 

 
188,771

 
33,039

 
2011
 
(1)
Mountain View Research Park
 
Office
 
Mountain View, CA
 

 
95,066

 
68,373

 
5,581

 
95,066

 
73,954

 

 

 
169,020

 
9,581

 
1977-1981/2007-2013
 
(1)
Reservoir Place
 
Office
 
Waltham, MA
 

 
18,605

 
92,619

 
46,547

 
20,118

 
128,975

 

 
8,678

 
157,771

 
57,706

 
1955/1987
 
(1)
1333 New Hampshire Avenue
 
Office
 
Washington, DC
 

 
34,032

 
85,660

 
10,841

 
35,382

 
95,151

 

 

 
130,533

 
35,457

 
1996
 
(1)
Kingstowne Towne Center
 
Office
 
Alexandria, VA
 

 
18,021

 
109,038

 
1,276

 
18,062

 
110,273

 

 

 
128,335

 
33,374

 
2003-2006
 
(1)
1330 Connecticut Avenue
 
Office
 
Washington, DC
 

 
25,982

 
82,311

 
19,098

 
27,135

 
100,256

 

 

 
127,391

 
45,063

 
1984
 
(1)
Capital Gallery
 
Office
 
Washington, DC
 

 
4,725

 
29,565

 
88,569

 
8,662

 
114,197

 

 

 
122,859

 
57,489

 
1981/2006
 
(1)
Weston Corporate Center
 
Office
 
Weston, MA
 

 
25,753

 
92,312

 
(123
)
 
25,854

 
92,088

 

 

 
117,942

 
17,023

 
2010
 
(1)
One Freedom Square
 
Office
 
Reston, VA
 

 
9,929

 
84,504

 
19,613

 
11,293

 
102,753

 

 

 
114,046

 
41,106

 
2000
 
(1)
Two Freedom Square
 
Office
 
Reston, VA
 

 
13,930

 
77,739

 
21,374

 
15,420

 
97,623

 

 

 
113,043

 
41,164

 
2001
 
(1)
Boston Properties, Inc.
Schedule 3 - Real Estate and Accumulated Depreciation
December 31, 2015
(dollars in thousands)
Property Name
 
Type
 
Location
 
Encumbrances
 
Original
 
Costs
Capitalized
Subsequent
to
Acquisition
 
Land and Improvements
 
Building and
Improvements
 
Land
Held for
Development
 
Development
and
Construction
in Progress
 
Total
 
Accumulated
Depreciation
 
Year(s) Built/
Renovated
 
Depreciable
Lives  (Years)
 
Land
 
Building
 
 
One and Two Reston Overlook
 
Office
 
Reston, VA
 

 
16,456

 
66,192

 
22,385

 
16,179

 
88,854

 

 

 
105,033

 
37,165

 
1999
 
(1)
Discovery Square
 
Office
 
Reston, VA
 

 
11,198

 
71,782

 
21,234

 
12,533

 
91,681

 

 

 
104,214

 
35,835

 
2001
 
(1)
415 Main Street
 
Office
 
Cambridge, MA
 

 
3,457

 
97,136

 
2,986

 
4,125

 
99,454

 

 

 
103,579

 
59,405

 
2006
 
(1)
355 Main Street
 
Office
 
Cambridge, MA
 

 
18,863

 
53,346

 
28,822

 
21,173

 
79,858

 

 

 
101,031

 
23,372

 
1981/1996/2013
 
(1)
140 Kendrick Street
 
Office
 
Needham, MA
 

 
18,095

 
66,905

 
15,075

 
19,092

 
80,983

 

 

 
100,075

 
23,191

 
2000
 
(1)
90 Broadway
 
Office
 
Cambridge, MA
 

 
19,104

 
52,078

 
17,386

 
20,785

 
67,783

 

 

 
88,568

 
14,394

 
1983/1998/2013
 
(1)
230 CityPoint
 
Office
 
Waltham, MA
 

 
13,189

 
49,823

 
18,800

 
13,593

 
68,219

 

 

 
81,812

 
20,265

 
1992
 
(1)
Waltham Weston Corporate Center
 
Office
 
Waltham, MA
 

 
10,385

 
60,694

 
8,907

 
11,097

 
68,889

 

 

 
79,986

 
24,699

 
2003
 
(1)
77 CityPoint
 
Office
 
Waltham, MA
 

 
13,847

 
60,383

 
5,605

 
13,873

 
65,962

 

 

 
79,835

 
18,930

 
2008
 
(1)
North First Business Park
 
Office
 
San Jose, CA
 

 
58,402

 
13,069

 
4,028

 
23,377

 
16,214

 
35,908

 

 
75,499

 
14,139

 
1981
 
(1)
300 Binney Street
 
Office
 
Cambridge, MA
 

 
18,080

 
51,262

 
140

 
18,080

 
51,402

 

 

 
69,482

 
4,375

 
2013
 
(1)
2440 West El Camino Real
 
Office
 
Mountain View, CA
 

 
16,741

 
51,285

 
1,422

 
16,741

 
52,707

 

 

 
69,448

 
8,185

 
1987/2003
 
(1)
Reston Corporate Center
 
Office
 
Reston, VA
 

 
9,135

 
50,857

 
6,464

 
10,148

 
56,308

 

 

 
66,456

 
23,962

 
1984
 
(1)
Wisconsin Place
 
Office
 
Chevy Chase, MD
 

 

 
53,349

 
12,787

 

 
66,136

 

 

 
66,136

 
18,272

 
2009
 
(1)
New Dominion Technology Park, Bldg. Two
 
Office
 
Herndon, VA
 

 
5,584

 
51,868

 
3,911

 
6,510

 
54,853

 

 

 
61,363

 
20,110

 
2004
 
(1)
Sumner Square
 
Office
 
Washington, DC
 

 
624

 
28,745

 
26,196

 
1,478

 
54,087

 

 

 
55,565

 
26,923

 
1985
 
(1)
200 West Street
 
Office
 
Waltham, MA
 

 
16,148

 
24,983

 
10,102

 
16,813

 
34,420

 

 

 
51,233

 
18,034

 
1999
 
(1)
New Dominion Technology Park, Bldg. One
 
Office
 
Herndon, VA
 
38,494

 
3,880

 
43,227

 
3,883

 
4,583

 
46,407

 

 

 
50,990

 
22,760

 
2001
 
(1)
191 Spring Street
 
Office
 
Lexington, MA
 

 
2,850

 
27,166

 
18,610

 
3,151

 
45,475

 

 

 
48,626

 
32,535

 
1971/1995
 
(1)
University Place
 
Office
 
Cambridge, MA
 
10,788

 

 
37,091

 
9,483

 
390

 
46,184

 

 

 
46,574

 
23,635

 
1985
 
(1)
2600 Tower Oaks Boulevard
 
Office
 
Rockville, MD
 

 
4,243

 
31,125

 
8,656

 
4,785

 
39,239

 

 

 
44,024

 
18,386

 
2001
 
(1)
255 Main Street
 
Office
 
Cambridge, MA
 

 
134

 
25,110

 
18,559

 
548

 
43,255

 

 

 
43,803

 
27,153

 
1987
 
(1)
Quorum Office Park
 
Office
 
Chelmsford, MA
 

 
3,750

 
32,454

 
5,814

 
5,187

 
36,831

 

 

 
42,018

 
14,671

 
2001
 
(1)
500 E Street
 
Office
 
Washington, DC
 

 
109

 
22,420

 
13,144

 
2,379

 
33,294

 

 

 
35,673

 
22,616

 
1987
 
(1)
150 Broadway
 
Office
 
Cambridge, MA
 

 
850

 
25,042

 
8,623

 
1,323

 
33,192

 

 

 
34,515

 
14,073

 
1999
 
(1)
325 Main Street
 
Office
 
Cambridge, MA
 

 
174

 
12,200

 
12,368

 
965

 
23,777

 

 

 
24,742

 
11,339

 
1987/2013
 
(1)
105 Broadway
 
Office
 
Cambridge, MA
 

 
1,299

 
12,943

 
7,177

 
2,395

 
19,024

 

 

 
21,419

 
12,556

 
1990
 
(1)
40 Shattuck Road
 
Office
 
Andover, MA
 

 
709

 
14,740

 
3,184

 
893

 
17,740

 

 

 
18,633

 
6,846

 
2001
 
(1)
Lexington Office Park
 
Office
 
Lexington, MA
 

 
998

 
1,426

 
16,099

 
1,264

 
17,259

 

 

 
18,523

 
11,730

 
1982
 
(1)
201 Spring Street
 
Office
 
Lexington, MA
 

 
2,849

 
15,303

 
(154
)
 
3,124

 
14,874

 

 

 
17,998

 
6,987

 
1997
 
(1)
The Point (formerly 99 Third Avenue Retail)
 
Office
 
Waltham, MA
 

 
6,395

 
10,040

 

 
6,395

 
10,040

 

 

 
16,435

 
76

 
2015
 
(1)
91 Hartwell Avenue
 
Office
 
Lexington, MA
 

 
784

 
6,464

 
8,192

 
941

 
14,499

 

 

 
15,440

 
8,525

 
1985
 
(1)
92-100 Hayden Avenue
 
Office
 
Lexington, MA
 

 
594

 
6,748

 
8,034

 
802

 
14,574

 

 

 
15,376

 
11,412

 
1985
 
(1)
690 Folsom Street
 
Office
 
San Francisco, CA
 

 
3,219

 
11,038

 

 
3,219

 
11,038

 

 

 
14,257

 
334

 
2015
 
(1)
195 West Street
 
Office
 
Waltham, MA
 

 
1,611

 
6,652

 
4,340

 
1,858

 
10,745

 

 

 
12,603

 
7,071

 
1990
 
(1)
181 Spring Street
 
Office
 
Lexington, MA
 

 
1,066

 
9,520

 
1,993

 
1,160

 
11,419

 

 

 
12,579

 
4,580

 
1999
 
(1)
Boston Properties, Inc.
Schedule 3 - Real Estate and Accumulated Depreciation
December 31, 2015
(dollars in thousands)
Property Name
 
Type
 
Location
 
Encumbrances
 
Original
 
Costs
Capitalized
Subsequent
to
Acquisition
 
Land and Improvements
 
Building and
Improvements
 
Land
Held for
Development
 
Development
and
Construction
in Progress
 
Total
 
Accumulated
Depreciation
 
Year(s) Built/
Renovated
 
Depreciable
Lives  (Years)
 
Land
 
Building
 
 
33 Hayden Avenue
 
Office
 
Lexington, MA
 

 
266

 
3,234

 
8,787

 
425

 
11,862

 

 

 
12,287

 
6,586

 
1979
 
(1)
145 Broadway
 
Office
 
Cambridge, MA
 

 
121

 
5,535

 
5,305

 
324

 
10,637

 

 

 
10,961

 
7,864

 
1984
 
(1)
7501 Boston Boulevard, Building Seven
 
Office
 
Springfield, VA
 

 
665

 
9,273

 
520

 
791

 
9,667

 

 

 
10,458

 
4,355

 
1997
 
(1)
7435 Boston Boulevard, Building One
 
Office
 
Springfield, VA
 

 
392

 
3,822

 
4,218

 
659

 
7,773

 

 

 
8,432

 
6,052

 
1982
 
(1)
250 Binney Street
 
Office
 
Cambridge, MA
 

 
110

 
4,483

 
3,593

 
273

 
7,913

 

 

 
8,186

 
4,303

 
1983
 
(1)
7450 Boston Boulevard, Building Three
 
Office
 
Springfield, VA
 

 
1,165

 
4,681

 
1,880

 
1,430

 
6,296

 

 

 
7,726

 
3,226

 
1987
 
(1)
8000 Grainger Court, Building Five
 
Office
 
Springfield, VA
 

 
366

 
4,282

 
2,684

 
601

 
6,731

 

 

 
7,332

 
5,336

 
1984
 
(1)
453 Ravendale Drive
 
Office
 
Mountain View, CA
 

 
5,477

 
1,090

 
235

 
5,479

 
1,323

 

 

 
6,802

 
265

 
1977
 
(1)
7500 Boston Boulevard, Building Six
 
Office
 
Springfield, VA
 

 
138

 
3,749

 
2,617

 
406

 
6,098

 

 

 
6,504

 
4,499

 
1985
 
(1)
7300 Boston Boulevard, Building Thirteen
 
Office
 
Springfield, VA
 

 
608

 
4,773

 
709

 
661

 
5,429

 

 

 
6,090

 
4,626

 
2002
 
(1)
7601 Boston Boulevard, Building Eight
 
Office
 
Springfield, VA
 

 
200

 
878

 
4,924

 
551

 
5,451

 

 

 
6,002

 
3,849

 
1986
 
(1)
8000 Corporate Court, Building Eleven
 
Office
 
Springfield, VA
 

 
136

 
3,071

 
1,615

 
775

 
4,047

 

 

 
4,822

 
2,639

 
1989
 
(1)
7375 Boston Boulevard, Building Ten
 
Office
 
Springfield, VA
 

 
23

 
2,685

 
1,003

 
93

 
3,618

 

 

 
3,711

 
2,464

 
1988
 
(1)
7374 Boston Boulevard, Building Four
 
Office
 
Springfield, VA
 

 
241

 
1,605

 
1,735

 
398

 
3,183

 

 

 
3,581

 
2,345

 
1984
 
(1)
7451 Boston Boulevard, Building Two
 
Office
 
Springfield, VA
 

 
249

 
1,542

 
1,661

 
613

 
2,839

 

 

 
3,452

 
2,233

 
1982
 
(1)
32 Hartwell Avenue
 
Office
 
Lexington, MA
 

 
168

 
1,943

 
1,193

 
314

 
2,990

 

 

 
3,304

 
1,786

 
1968-1979/1987
 
(1)
164 Lexington Road
 
Office
 
Billerica, MA
 

 
592

 
1,370

 
319

 
643

 
1,638

 

 

 
2,281

 
786

 
1982
 
(1)
17 Hartwell Avenue
 
Office
 
Lexington, MA
 

 
26

 
150

 
614

 
65

 
725

 

 

 
790

 
323

 
1968
 
(1)
The Avant at Reston Town Center
 
Residential
 
Reston, VA
 

 
20,350

 
91,995

 
813

 
20,350

 
92,808

 

 

 
113,158

 
4,833

 
2014
 
(1)
The Lofts at Atlantic Wharf
 
Residential
 
Boston, MA
 

 
3,529

 
54,891

 
1,579

 
3,529

 
56,470

 

 

 
59,999

 
6,596

 
2011
 
(1)
Boston Marriott Cambridge
 
Hotel
 
Cambridge, MA
 

 
478

 
37,918

 
35,665

 
1,201

 
72,860

 

 

 
74,061

 
48,162

 
1986
 
(1)
Kendall Center Green Garage (formerly Cambridge Center East Garage)
 
Garage
 
Cambridge, MA
 

 

 
35,035

 
4,254

 
103

 
39,186

 

 

 
39,289

 
8,610

 
1984
 
(1)
Kendall Center Yellow Garage (formerly Cambridge Center West Garage)
 
Garage
 
Cambridge, MA
 

 
1,256

 
15,697

 
1,571

 
1,434

 
17,090

 

 

 
18,524

 
4,269

 
2006
 
(1)
Kendall Center Blue Garage (formerly Cambridge Center North Garage)
 
Garage
 
Cambridge, MA
 

 
1,163

 
11,633

 
2,770

 
1,579

 
13,987

 

 

 
15,566

 
8,941

 
1990
 
(1)
Salesforce Tower
 
Development
 
San Francisco, CA
 

 

 

 
429,767

 

 

 

 
429,767

 
429,767

 

 
N/A
 
N/A
601 Massachusetts Avenue
 
Development
 
Washington, DC
 

 

 

 
253,176

 
95,322

 
140,791

 

 
17,063

 
253,176

 
1,531

 
N/A
 
N/A
10 CityPoint
 
Development
 
Waltham, MA
 

 

 

 
70,389

 
163

 

 

 
70,226

 
70,389

 

 
N/A
 
N/A
Reston Signature Site
 
Development
 
Reston, VA
 

 

 

 
38,886

 

 

 
12,678

 
26,208

 
38,886

 

 
N/A
 
N/A
Cambridge Residential / 88 Ames
 
Development
 
Cambridge, MA
 

 

 

 
9,495

 

 

 

 
9,495

 
9,495

 

 
N/A
 
N/A
Boston Properties, Inc.
Schedule 3 - Real Estate and Accumulated Depreciation
December 31, 2015
(dollars in thousands)
Property Name
 
Type
 
Location
 
Encumbrances
 
Original
 
Costs
Capitalized
Subsequent
to
Acquisition
 
Land and Improvements
 
Building and
Improvements
 
Land
Held for
Development
 
Development
and
Construction
in Progress
 
Total
 
Accumulated
Depreciation
 
Year(s) Built/
Renovated
 
Depreciable
Lives  (Years)
 
Land
 
Building
 
 
Springfield Metro Center
 
Land
 
Springfield, VA
 

 

 

 
34,870

 

 

 
34,870

 

 
34,870

 

 
N/A
 
N/A
Tower Oaks Master Plan
 
Land
 
Rockville, MD
 

 

 

 
29,022

 

 

 
29,022

 

 
29,022

 

 
N/A
 
N/A
Plaza at Almaden
 
Land
 
San Jose, CA
 

 

 

 
29,010

 

 

 
29,010

 

 
29,010

 

 
N/A
 
N/A
6601 & 6605 Springfield Center Drive
 
Land
 
Springfield, VA
 

 

 

 
13,866

 

 

 
13,866

 

 
13,866

 

 
N/A
 
N/A
214 Third Avenue
 
Land
 
Waltham, MA
 

 

 

 
13,415

 

 
132

 
13,283

 

 
13,415

 

 
N/A
 
N/A
103 Fourth Avenue
 
Land
 
Waltham, MA
 

 

 

 
11,927

 

 

 
11,927

 

 
11,927

 

 
N/A
 
N/A
Reston Gateway
 
Land
 
Reston, VA
 

 

 

 
10,294

 

 

 
10,294

 

 
10,294

 

 
N/A
 
N/A
20 CityPoint
 
Land
 
Waltham, MA
 

 

 

 
10,258

 

 

 
10,258

 

 
10,258

 

 
N/A
 
N/A
Reston Eastgate
 
Land
 
Reston, VA
 

 

 

 
9,215

 

 

 
9,215

 

 
9,215

 

 
N/A
 
N/A
Washingtonian North
 
Land
 
Gaithersburg, MD
 

 

 

 
8,836

 

 

 
8,836

 

 
8,836

 

 
N/A
 
N/A
Crane Meadow
 
Land
 
Marlborough, MA
 

 

 

 
8,727

 

 

 
8,727

 

 
8,727

 

 
N/A
 
N/A
Broad Run Business Park
 
Land
 
Loudoun County, VA
 

 

 

 
6,399

 

 

 
6,399

 

 
6,399

 

 
N/A
 
N/A
North First Master Plan
 
Land
 
San Jose, CA
 

 

 

 
2,999

 

 

 
2,999

 

 
2,999

 

 
N/A
 
N/A
Fourth and Harrison (formerly 425 Fourth Street)
 
Land
 
San Francisco, CA
 

 

 

 
2,920

 

 

 
2,920

 

 
2,920

 

 
N/A
 
N/A
Kendall Center Master Plan (formerly Cambridge Master Plan)
 
Land
 
Cambridge, MA
 

 

 

 
1,403

 

 

 
1,403

 

 
1,403

 

 
N/A
 
N/A
30 Shattuck Road
 
Land
 
Andover, MA
 

 

 

 
1,213

 

 

 
1,213

 

 
1,213

 

 
N/A
 
N/A
 
 
 
 
 
 
$
3,438,714

(2
)
$
4,602,809

 
$
11,248,289

 
$
3,600,585

 
$
4,806,021

 
$
13,629,532

 
$
252,195

 
$
763,935

 
$
19,451,683

 
$
3,905,940

 
 
 
 


Note: Total Real Estate does not include Furniture, Fixtures and Equipment totaling approximately $29,852. Accumulated Depreciation does not include approximately $19,954 of accumulated depreciation related to Furniture, Fixtures and Equipment.
 
The aggregate cost and accumulated depreciation for tax purposes was approximately $15.0 billion and $3.0 billion, respectively.
 
(1)
Depreciation of the buildings and improvements are calculated over lives ranging from the life of the lease to 40 years.
(2)
Includes the unamortized balance of the historical fair value adjustment totaling approximately $80.2 million.
Activity of Real Estate and Accumulated Depreciation [Table Text Block]
A summary of activity for real estate and accumulated depreciation is as follows:
 
 
 
2015
 
2014
 
2013
Real Estate:
 
 
 
 
 
 
Balance at the beginning of the year
 
$
19,208,417

 
$
18,953,601

 
$
14,869,887

Additions to/improvements of real estate
 
700,792

 
594,296

 
4,410,622

Assets sold/written-off
 
(457,526
)
 
(339,480
)
 
(326,908
)
Balance at the end of the year
 
$
19,451,683

 
$
19,208,417

 
$
18,953,601

Accumulated Depreciation:
 
 
 
 
 
 
Balance at the beginning of the year
 
$
3,529,978

 
$
3,145,701

 
$
2,919,479

Depreciation expense
 
486,450

 
456,176

 
419,908

Assets sold/written-off
 
(110,488
)
 
(71,899
)
 
(193,686
)
Balance at the end of the year
 
$
3,905,940

 
$
3,529,978

 
$
3,145,701

 
Note: Real Estate and Accumulated Depreciation amounts do not include Furniture, Fixtures and Equipment.
Boston Properties Limited Partnership [Member]  
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]  
Real Estate and Accumulated Depreciation, By Property [Table Text Block]
Boston Properties Limited Partnership
Schedule 3—Real Estate and Accumulated Depreciation
December 31, 2015
(dollars in thousands)

 
 
 
 
 
 
 
 
Original
 
Costs
Capitalized
Subsequent
to
Acquisition
 
Land and
Improvements
 
Building
and
Improvements
 
Land
Held
for
Development
 
Development
and
Construction
in Progress
 
Total
 
Accumulated
Depreciation
 
Year(s) Built/
Renovated
 
Depreciable
Lives
(Years)
Property Name
 
Type
 
Location
 
Encumbrances
 
Land
 
Building
 
767 Fifth Avenue (the General Motors Building)
 
Office
 
New York, NY
 
$
1,377,986

 
$
1,796,252

 
$
1,532,654

 
$
45,800

 
$
1,796,252

 
$
1,578,454

 
$

 
$

 
$
3,374,706

 
$
128,488

 
1968
 
(1)
Prudential Center
 
Office
 
Boston, MA
 

 
92,077

 
734,594

 
466,370

 
92,328

 
1,037,311

 
1,714

 
161,688

 
1,293,041

 
435,437

 
1965/1993/2002
 
(1)
Embarcadero Center
 
Office
 
San Francisco, CA
 
348,886

 
179,697

 
847,410

 
269,895

 
180,420

 
1,116,582

 

 

 
1,297,002

 
530,307

 
1970/1989
 
(1)
399 Park Avenue
 
Office
 
New York, NY
 

 
339,200

 
700,358

 
51,364

 
339,200

 
751,722

 

 

 
1,090,922

 
254,028

 
1961
 
(1)
200 Clarendon Street and Garage (formerly the John Hancock Tower and Garage)
 
Office
 
Boston, MA
 

 
219,543

 
667,884

 
112,229

 
219,616

 
776,755

 
3,285

 

 
999,656

 
128,815

 
1976
 
(1)
601 Lexington Avenue
 
Office
 
New York, NY
 
699,061

 
241,600

 
494,782

 
190,393

 
279,281

 
646,177

 
1,317

 

 
926,775

 
242,358

 
1977/1997
 
(1)
250 West 55th Street
 
Office
 
New York, NY
 

 
285,263

 
603,167

 
16,488

 
285,263

 
619,655

 

 

 
904,918

 
28,349

 
2014
 
(1)
Carnegie Center
 
Office
 
Princeton, NJ
 

 
105,107

 
377,259

 
110,751

 
98,733

 
451,099

 
2,475

 
40,810

 
593,117

 
195,128

 
1983-1999
 
(1)
Times Square Tower
 
Office
 
New York, NY
 

 
165,413

 
380,438

 
46,743

 
159,694

 
432,900

 

 

 
592,594

 
157,622

 
2004
 
(1)
100 Federal Street
 
Office
 
Boston, MA
 

 
131,067

 
435,954

 
15,555

 
131,067

 
450,933

 
576

 

 
582,576

 
60,125

 
1971-1975
 
(1)
Atlantic Wharf
 
Office
 
Boston, MA
 

 
63,988

 
454,537

 
16,376

 
63,988

 
470,913

 

 

 
534,901

 
70,552

 
2011
 
(1)
510 Madison Avenue
 
Office
 
New York, NY
 

 
103,000

 
253,665

 
19,575

 
103,000

 
273,240

 

 

 
376,240

 
34,640

 
2012
 
(1)
Fountain Square
 
Office
 
Reston, VA
 
213,499

 
56,853

 
306,298

 
12,459

 
56,853

 
318,757

 

 

 
375,610

 
39,508

 
1986-1990
 
(1)
599 Lexington Avenue
 
Office
 
New York, NY
 
750,000

 
81,040

 
100,507

 
122,309

 
81,040

 
222,816

 

 

 
303,856

 
155,235

 
1986
 
(1)
680 Folsom Street
 
Office
 
San Francisco, CA
 

 
72,545

 
219,766

 
7,348

 
72,545

 
227,114

 

 

 
299,659

 
13,091

 
2014
 
(1)
South of Market and Democracy Tower
 
Office
 
Reston, VA
 

 
13,603

 
237,479

 
11,641

 
13,603

 
249,120

 

 

 
262,723

 
70,389

 
2008-2009
 
(1)
Bay Colony Corporate Center
 
Office
 
Waltham, MA
 

 
18,789

 
148,451

 
65,997

 
18,789

 
214,448

 

 

 
233,237

 
40,812

 
1985-1989
 
(1)
Gateway Center
 
Office
 
San Francisco, CA
 

 
28,255

 
139,245

 
47,638

 
29,029

 
186,109

 

 

 
215,138

 
92,882

 
1984/1986/2002
 
(1)
535 Mission Street
 
Office
 
San Francisco, CA
 

 
40,933

 
148,378

 

 
40,933

 
148,378

 

 

 
189,311

 
3,221

 
2015
 
(1)
2200 Pennsylvania Avenue
 
Office
 
Washington, DC
 

 

 
183,541

 
5,230

 

 
188,771

 

 

 
188,771

 
33,039

 
2011
 
(1)
Mountain View Research Park
 
Office
 
Mountain View, CA
 

 
95,066

 
68,373

 
5,581

 
95,066

 
73,954

 

 

 
169,020

 
9,581

 
1977-1981/2007-2013
 
(1)
Reservoir Place
 
Office
 
Waltham, MA
 

 
18,605

 
92,619

 
42,472

 
19,099

 
125,919

 

 
8,678

 
153,696

 
56,939

 
1955/1987
 
(1)
Kingstowne Towne Center
 
Office
 
Alexandria, VA
 

 
18,021

 
109,038

 
1,112

 
18,021

 
110,150

 

 

 
128,171

 
33,350

 
2003-2006
 
(1)
1333 New Hampshire Avenue
 
Office
 
Washington, DC
 

 
34,032

 
85,660

 
5,447

 
34,032

 
91,107

 

 

 
125,139

 
34,441

 
1996
 
(1)
1330 Connecticut Avenue
 
Office
 
Washington, DC
 

 
25,982

 
82,311

 
14,485

 
25,982

 
96,796

 

 

 
122,778

 
44,193

 
1984
 
(1)
Weston Corporate Center
 
Office
 
Weston, MA
 

 
25,753

 
92,312

 
(123
)
 
25,854

 
92,088

 

 

 
117,942

 
17,023

 
2010
 
(1)
Capital Gallery
 
Office
 
Washington, DC
 

 
4,725

 
29,565

 
78,438

 
6,128

 
106,600

 

 

 
112,728

 
55,581

 
1981/2006
 
(1)
One Freedom Square
 
Office
 
Reston, VA
 

 
9,929

 
84,504

 
13,976

 
9,883

 
98,526

 

 

 
108,409

 
40,044

 
2000
 
(1)
Two Freedom Square
 
Office
 
Reston, VA
 

 
13,930

 
77,739

 
15,162

 
13,866

 
92,965

 

 

 
106,831

 
39,996

 
2001
 
(1)
415 Main Street
 
Office
 
Cambridge, MA
 

 
3,457

 
97,136

 
316

 
3,457

 
97,452

 

 

 
100,909

 
58,907

 
2006
 
(1)
355 Main Street
 
Office
 
Cambridge, MA
 

 
18,863

 
53,346

 
28,524

 
21,098

 
79,635

 

 

 
100,733

 
23,319

 
1981/1996/2013
 
(1)
One and Two Reston Overlook
 
Office
 
Reston, VA
 

 
16,456

 
66,192

 
17,967

 
15,074

 
85,541

 

 

 
100,615

 
36,334

 
1999
 
(1)
Discovery Square
 
Office
 
Reston, VA
 

 
11,198

 
71,782

 
15,689

 
11,146

 
87,523

 

 

 
98,669

 
34,789

 
2001
 
(1)
140 Kendrick Street
 
Office
 
Needham, MA
 

 
18,095

 
66,905

 
11,085

 
18,095

 
77,990

 

 

 
96,085

 
22,441

 
2000
 
(1)
Boston Properties Limited Partnership
Schedule 3—Real Estate and Accumulated Depreciation
December 31, 2015
(dollars in thousands)

 
 
 
 
 
 
 
 
Original
 
Costs
Capitalized
Subsequent
to
Acquisition
 
Land and
Improvements
 
Building
and
Improvements
 
Land
Held
for
Development
 
Development
and
Construction
in Progress
 
Total
 
Accumulated
Depreciation
 
Year(s) Built/
Renovated
 
Depreciable
Lives
(Years)
Property Name
 
Type
 
Location
 
Encumbrances
 
Land
 
Building
 
90 Broadway
 
Office
 
Cambridge, MA
 

 
19,104

 
52,078

 
17,207

 
20,741

 
67,648

 

 

 
88,389

 
14,366

 
1983/1998/2013
 
(1)
230 CityPoint
 
Office
 
Waltham, MA
 

 
13,189

 
49,823

 
17,183

 
13,189

 
67,006

 

 

 
80,195

 
19,965

 
1992
 
(1)
77 CityPoint
 
Office
 
Waltham, MA
 

 
13,847

 
60,383

 
5,500

 
13,847

 
65,883

 

 

 
79,730

 
18,914

 
2008
 
(1)
Waltham Weston Corporate Center
 
Office
 
Waltham, MA
 

 
10,385

 
60,694

 
5,920

 
10,350

 
66,649

 

 

 
76,999

 
24,136

 
2003
 
(1)
North First Business Park
 
Office
 
San Jose, CA
 

 
58,402

 
13,069

 
4,005

 
23,371

 
16,197

 
35,908

 

 
75,476

 
14,139

 
1981
 
(1)
300 Binney Street
 
Office
 
Cambridge, MA
 

 
18,080

 
51,262

 
140

 
18,080

 
51,402

 

 

 
69,482

 
4,375

 
2013
 
(1)
2440 West El Camino Real
 
Office
 
Mountain View, CA
 

 
16,741

 
51,285

 
1,422

 
16,741

 
52,707

 

 

 
69,448

 
8,185

 
1987/2003
 
(1)
Wisconsin Place
 
Office
 
Chevy Chase, MD
 

 

 
53,349

 
12,787

 

 
66,136

 

 

 
66,136

 
18,272

 
2009
 
(1)
Reston Corporate Center
 
Office
 
Reston, VA
 

 
9,135

 
50,857

 
3,853

 
9,496

 
54,349

 

 

 
63,845

 
23,471

 
1984
 
(1)
New Dominion Technology Park, Bldg. Two
 
Office
 
Herndon, VA
 

 
5,584

 
51,868

 
166

 
5,574

 
52,044

 

 

 
57,618

 
19,401

 
2004
 
(1)
Sumner Square
 
Office
 
Washington, DC
 

 
624

 
28,745

 
24,116

 
958

 
52,527

 

 

 
53,485

 
26,534

 
1985
 
(1)
200 West Street
 
Office
 
Waltham, MA
 

 
16,148

 
24,983

 
7,441

 
16,148

 
32,424

 

 

 
48,572

 
17,532

 
1999
 
(1)
New Dominion Technology Park, Bldg. One
 
Office
 
Herndon, VA
 
38,494

 
3,880

 
43,227

 
1,074

 
3,880

 
44,301

 

 

 
48,181

 
22,230

 
2001
 
(1)
191 Spring Street
 
Office
 
Lexington, MA
 

 
2,850

 
27,166

 
17,411

 
2,850

 
44,577

 

 

 
47,427

 
32,307

 
1971/1995
 
(1)
University Place
 
Office
 
Cambridge, MA
 
10,788

 

 
37,091

 
8,033

 
27

 
45,097

 

 

 
45,124

 
23,365

 
1985
 
(1)
255 Main Street
 
Office
 
Cambridge, MA
 

 
134

 
25,110

 
16,903

 
134

 
42,013

 

 

 
42,147

 
26,843

 
1987
 
(1)
2600 Tower Oaks Boulevard
 
Office
 
Rockville, MD
 

 
4,243

 
31,125

 
6,493

 
4,244

 
37,617

 

 

 
41,861

 
17,977

 
2001
 
(1)
Quorum Office Park
 
Office
 
Chelmsford, MA
 

 
3,750

 
32,454

 
4,115

 
4,762

 
35,557

 

 

 
40,319

 
14,352

 
2001
 
(1)
150 Broadway
 
Office
 
Cambridge, MA
 

 
850

 
25,042

 
6,618

 
822

 
31,688

 

 

 
32,510

 
13,693

 
1999
 
(1)
500 E Street
 
Office
 
Washington, DC
 

 
109

 
22,420

 
9,904

 
1,569

 
30,864

 

 

 
32,433

 
22,008

 
1987
 
(1)
325 Main Street
 
Office
 
Cambridge, MA
 

 
174

 
12,200

 
11,597

 
772

 
23,199

 

 

 
23,971

 
11,192

 
1987/2013
 
(1)
105 Broadway
 
Office
 
Cambridge, MA
 

 
1,299

 
12,943

 
5,071

 
1,868

 
17,445

 

 

 
19,313

 
12,158

 
1990
 
(1)
40 Shattuck Road
 
Office
 
Andover, MA
 

 
709

 
14,740

 
2,448

 
709

 
17,188

 

 

 
17,897

 
6,707

 
2001
 
(1)
Lexington Office Park
 
Office
 
Lexington, MA
 

 
998

 
1,426

 
15,335

 
1,073

 
16,686

 

 

 
17,759

 
11,589

 
1982
 
(1)
201 Spring Street
 
Office
 
Lexington, MA
 

 
2,849

 
15,303

 
(1,253
)
 
2,849

 
14,050

 

 

 
16,899

 
6,779

 
1997
 
(1)
The Point (formerly 99 Third Avenue Retail)
 
Office
 
Waltham, MA
 

 
6,395

 
10,040

 

 
6,395

 
10,040

 

 

 
16,435

 
76

 
2015
 
(1)
91 Hartwell Avenue
 
Office
 
Lexington, MA
 

 
784

 
6,464

 
7,565

 
784

 
14,029

 

 

 
14,813

 
8,405

 
1985
 
(1)
92-100 Hayden Avenue
 
Office
 
Lexington, MA
 

 
594

 
6,748

 
7,305

 
619

 
14,028

 

 

 
14,647

 
11,274

 
1985
 
(1)
690 Folsom Street
 
Office
 
San Francisco, CA
 

 
3,219

 
11,038

 

 
3,219

 
11,038

 

 

 
14,257

 
334

 
2015
 
(1)
181 Spring Street
 
Office
 
Lexington, MA
 

 
1,066

 
9,520

 
1,616

 
1,066

 
11,136

 

 

 
12,202

 
4,509

 
1999
 
(1)
33 Hayden Avenue
 
Office
 
Lexington, MA
 

 
266

 
3,234

 
8,150

 
266

 
11,384

 

 

 
11,650

 
6,466

 
1979
 
(1)
195 West Street
 
Office
 
Waltham, MA
 

 
1,611

 
6,652

 
3,351

 
1,611

 
10,003

 

 

 
11,614

 
6,882

 
1990
 
(1)
145 Broadway
 
Office
 
Cambridge, MA
 

 
121

 
5,535

 
4,492

 
121

 
10,027

 

 

 
10,148

 
7,713

 
1984
 
(1)
7501 Boston Boulevard, Building Seven
 
Office
 
Springfield, VA
 

 
665

 
9,273

 
15

 
665

 
9,288

 

 

 
9,953

 
4,259

 
1997
 
(1)
7435 Boston Boulevard, Building One
 
Office
 
Springfield, VA
 

 
392

 
3,822

 
3,525

 
486

 
7,253

 

 

 
7,739

 
5,922

 
1982
 
(1)
Boston Properties Limited Partnership
Schedule 3—Real Estate and Accumulated Depreciation
December 31, 2015
(dollars in thousands)

 
 
 
 
 
 
 
 
Original
 
Costs
Capitalized
Subsequent
to
Acquisition
 
Land and
Improvements
 
Building
and
Improvements
 
Land
Held
for
Development
 
Development
and
Construction
in Progress
 
Total
 
Accumulated
Depreciation
 
Year(s) Built/
Renovated
 
Depreciable
Lives
(Years)
Property Name
 
Type
 
Location
 
Encumbrances
 
Land
 
Building
 
250 Binney Street
 
Office
 
Cambridge, MA
 

 
110

 
4,483

 
2,939

 
110

 
7,422

 

 

 
7,532

 
4,183

 
1983
 
(1)
7450 Boston Boulevard, Building Three
 
Office
 
Springfield, VA
 

 
1,165

 
4,681

 
1,466

 
1,327

 
5,985

 

 

 
7,312

 
3,145

 
1987
 
(1)
453 Ravendale Drive
 
Office
 
Mountain View, CA
 

 
5,477

 
1,090

 
233

 
5,477

 
1,323

 

 

 
6,800

 
265

 
1977
 
(1)
8000 Grainger Court, Building Five
 
Office
 
Springfield, VA
 

 
366

 
4,282

 
2,090

 
453

 
6,285

 

 

 
6,738

 
5,225

 
1984
 
(1)
7500 Boston Boulevard, Building Six
 
Office
 
Springfield, VA
 

 
138

 
3,749

 
2,084

 
273

 
5,698

 

 

 
5,971

 
4,399

 
1985
 
(1)
7300 Boston Boulevard, Building Thirteen
 
Office
 
Springfield, VA
 

 
608

 
4,773

 
497

 
608

 
5,270

 

 

 
5,878

 
4,586

 
2002
 
(1)
7601 Boston Boulevard, Building Eight
 
Office
 
Springfield, VA
 

 
200

 
878

 
4,231

 
378

 
4,931

 

 

 
5,309

 
3,719

 
1986
 
(1)
8000 Corporate Court, Building Eleven
 
Office
 
Springfield, VA
 

 
136

 
3,071

 
1,264

 
687

 
3,784

 

 

 
4,471

 
2,570

 
1989
 
(1)
7375 Boston Boulevard, Building Ten
 
Office
 
Springfield, VA
 

 
23

 
2,685

 
822

 
47

 
3,483

 

 

 
3,530

 
2,432

 
1988
 
(1)
7374 Boston Boulevard, Building Four
 
Office
 
Springfield, VA
 

 
241

 
1,605

 
1,352

 
303

 
2,895

 

 

 
3,198

 
2,275

 
1984
 
(1)
7451 Boston Boulevard, Building Two
 
Office
 
Springfield, VA
 

 
249

 
1,542

 
1,348

 
535

 
2,604

 

 

 
3,139

 
2,173

 
1982
 
(1)
32 Hartwell Avenue
 
Office
 
Lexington, MA
 

 
168

 
1,943

 
607

 
168

 
2,550

 

 

 
2,718

 
1,674

 
1968-1979/1987
 
(1)
164 Lexington Road
 
Office
 
Billerica, MA
 

 
592

 
1,370

 
117

 
592

 
1,487

 

 

 
2,079

 
745

 
1982
 
(1)
17 Hartwell Avenue
 
Office
 
Lexington, MA
 

 
26

 
150

 
457

 
26

 
607

 

 

 
633

 
293

 
1968
 
(1)
The Avant at Reston Town Center
 
Residential
 
Reston, VA
 

 
20,350

 
91,995

 
813

 
20,350

 
92,808

 

 

 
113,158

 
4,833

 
2014
 
(1)
The Lofts at Atlantic Wharf
 
Residential
 
Boston, MA
 

 
3,529

 
54,891

 
1,579

 
3,529

 
56,470

 

 

 
59,999

 
6,596

 
2011
 
(1)
Boston Marriott Cambridge
 
Hotel
 
Cambridge, MA
 

 
478

 
37,918

 
32,774

 
478

 
70,692

 

 

 
71,170

 
47,620

 
1986
 
(1)
Kendall Center Green Garage (formerly Cambridge Center East Garage)
 
Garage
 
Cambridge, MA
 

 

 
35,035

 
3,840

 

 
38,875

 

 

 
38,875

 
8,534

 
1984
 
(1)
Kendall Center Yellow Garage (formerly Cambridge Center West Garage)
 
Garage
 
Cambridge, MA
 

 
1,256

 
15,697

 
859

 
1,256

 
16,556

 

 

 
17,812

 
4,140

 
2006
 
(1)
Kendall Center Blue Garage (formerly Cambridge Center North Garage)
 
Garage
 
Cambridge, MA
 

 
1,163

 
11,633

 
1,105

 
1,163

 
12,738

 

 

 
13,901

 
8,630

 
1990
 
(1)
Salesforce Tower
 
Development
 
San Francisco, CA
 

 

 

 
429,767

 

 

 

 
429,767

 
429,767

 

 
N/A
 
N/A
601 Massachusetts Avenue
 
Development
 
Washington, DC
 

 

 

 
253,166

 
95,312

 
140,791

 

 
17,063

 
253,166

 
1,531

 
N/A
 
N/A
10 CityPoint
 
Development
 
Waltham, MA
 

 

 

 
70,226

 

 

 

 
70,226

 
70,226

 

 
N/A
 
N/A
Reston Signature Site
 
Development
 
Reston, VA
 

 

 

 
38,886

 

 

 
12,678

 
26,208

 
38,886

 

 
N/A
 
N/A
Cambridge Residential / 88 Ames
 
Development
 
Cambridge, MA
 

 

 

 
9,495

 

 

 

 
9,495

 
9,495

 

 
N/A
 
N/A
Springfield Metro Center
 
Land
 
Springfield, VA
 

 

 

 
34,870

 

 

 
34,870

 

 
34,870

 

 
N/A
 
N/A
Tower Oaks Master Plan
 
Land
 
Rockville, MD
 

 

 

 
29,022

 

 

 
29,022

 

 
29,022

 

 
N/A
 
N/A
Plaza at Almaden
 
Land
 
San Jose, CA
 

 

 

 
29,010

 

 

 
29,010

 

 
29,010

 

 
N/A
 
N/A
Boston Properties Limited Partnership
Schedule 3—Real Estate and Accumulated Depreciation
December 31, 2015
(dollars in thousands)

 
 
 
 
 
 
 
 
Original
 
Costs
Capitalized
Subsequent
to
Acquisition
 
Land and
Improvements
 
Building
and
Improvements
 
Land
Held
for
Development
 
Development
and
Construction
in Progress
 
Total
 
Accumulated
Depreciation
 
Year(s) Built/
Renovated
 
Depreciable
Lives
(Years)
Property Name
 
Type
 
Location
 
Encumbrances
 
Land
 
Building
 
6601 & 6605 Springfield Center Drive
 
Land
 
Springfield, VA
 

 

 

 
13,866

 

 

 
13,866

 

 
13,866

 

 
N/A
 
N/A
214 Third Avenue
 
Land
 
Waltham, MA
 

 

 

 
13,415

 

 
132

 
13,283

 

 
13,415

 

 
N/A
 
N/A
103 Fourth Avenue
 
Land
 
Waltham, MA
 

 

 

 
11,927

 

 

 
11,927

 

 
11,927

 

 
N/A
 
N/A
Reston Gateway
 
Land
 
Reston, VA
 

 

 

 
10,294

 

 

 
10,294

 

 
10,294

 

 
N/A
 
N/A
20 CityPoint
 
Land
 
Waltham, MA
 

 

 

 
10,258

 

 

 
10,258

 

 
10,258

 

 
N/A
 
N/A
Reston Eastgate
 
Land
 
Reston, VA
 

 

 

 
9,215

 

 

 
9,215

 

 
9,215

 

 
N/A
 
N/A
Washingtonian North
 
Land
 
Gaithersburg, MD
 

 

 

 
8,836

 

 

 
8,836

 

 
8,836

 

 
N/A
 
N/A
Crane Meadow
 
Land
 
Marlborough, MA
 

 

 

 
8,727

 

 

 
8,727

 

 
8,727

 

 
N/A
 
N/A
Broad Run Business Park
 
Land
 
Loudoun County, VA
 

 

 

 
6,399

 

 

 
6,399

 

 
6,399

 

 
N/A
 
N/A
North First Master Plan
 
Land
 
San Jose, CA
 

 

 

 
2,999

 

 

 
2,999

 

 
2,999

 

 
N/A
 
N/A
Fourth and Harrison (formerly 425 Fourth Street)
 
Land
 
San Francisco, CA
 

 

 

 
2,920

 

 

 
2,920

 

 
2,920

 

 
N/A
 
N/A
Kendall Center Master Plan (formerly Cambridge Master Plan)
 
Land
 
Cambridge, MA
 

 

 

 
1,403

 

 

 
1,403

 

 
1,403

 

 
N/A
 
N/A
30 Shattuck Road
 
Land
 
Andover, MA
 

 

 

 
1,213

 

 

 
1,213

 

 
1,213

 

 
N/A
 
N/A
 
 
 
 
 
 
$
3,438,714

(2
)
$
4,602,809

 
$
11,248,289

 
$
3,180,191

 
$
4,700,793

 
$
13,314,366

 
$
252,195

 
$
763,935

 
$
19,031,289

 
$
3,826,862

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Note: Total Real Estate does not include Furniture, Fixtures and Equipment totaling approximately $29,852. Accumulated Depreciation does not include approximately $19,954 of accumulated depreciation related to Furniture, Fixtures and Equipment.
The aggregate cost and accumulated depreciation for tax purposes was approximately $16.8 billion and $3.4 billion, respectively.
(1)
Depreciation of the buildings and improvements are calculated over lives ranging from the life of the lease to 40 years.
(2)
Includes the unamortized balance of the historical fair value adjustment totaling approximately
Activity of Real Estate and Accumulated Depreciation [Table Text Block]
A summary of activity for real estate and accumulated depreciation is as follows:
 
 
 
2015
 
2014
 
2013
Real Estate:
 
 
 
 
 
 
Balance at the beginning of the year
 
$
18,786,572

 
$
18,523,277

 
$
14,431,521

Additions to/improvements of real estate
 
700,792

 
594,296

 
4,410,622

Assets sold/written-off
 
(456,075
)
 
(331,001
)
 
(318,866
)
Balance at the end of the year
 
$
19,031,289

 
$
18,786,572

 
$
18,523,277

Accumulated Depreciation:
 
 
 
 
 
 
Balance at the beginning of the year
 
$
3,458,640

 
$
3,081,040

 
$
2,862,302

Depreciation expense
 
478,457

 
447,667

 
411,860

Assets sold/written-off
 
(110,235
)
 
(70,067
)
 
(193,122
)
Balance at the end of the year
 
$
3,826,862

 
$
3,458,640

 
$
3,081,040

Note: Real Estate and Accumulated Depreciation amounts do not include Furniture, Fixtures and Equipment.