Piedmont Office Realty Trust, Inc.

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2013

(dollars in thousands)



					Initial Cost					Gross Amount at Which Carried at December 31, 2013
Description	Location	Ownership Percentage		Encumbrances	Land	Buildings and Improvements	Total	Costs Capitalized Subsequent to Acquisition		Land	Buildings and Improvements	Total	Accumulated Depreciation and Amortization	Date of Construction	Date Acquired	Life on which Depreciation and Amortization is Computed (in years) (f)
3900 DALLAS PARKWAY	Plano, TX	100	%	None	1,456	20,377	21,837	3,050		1,517	23,370	24,887	9,499	1999	12/21/1999	0	-	40
RIVER CORPORATE CENTER	Tempe, AZ	100	%	(a)	—	16,036	16,036	7,340		—	23,376	23,376	7,224	1998	3/29/2000	0	-	40
1441 WEST LONG LAKE ROAD	Troy, MI	100	%	None	2,160	16,776	18,936	(6,501	)	1,202	11,233	12,435	7,326	1999	6/29/2000	0	-	40
1430 ENCLAVE PARKWAY	Houston, TX	100	%	32,100	7,100	37,915	45,015	3,699		5,506	43,208	48,714	16,010	1994	12/21/2000	0	-	40
CRESCENT RIDGE II	Minnetonka, MN	100	%	None	7,700	45,154	52,854	9,149		8,021	53,982	62,003	21,125	2000	12/21/2000	0	-	40
1200 CROWN COLONY DRIVE (c)	Quincy, MA	100	%	20,200	11,042	40,666	51,708	2,738		11,042	43,404	54,446	14,268	1990	7/30/2001	0	-	40
5601 HIATUS ROAD	Tamarac, FL	100	%	None	3,642	10,404	14,046	1,721		3,642	12,125	15,767	3,978	2001	12/21/2001	0	-	40
WINDY POINT I	Schaumburg, IL	100	%	23,400	4,537	31,847	36,384	2,782		4,537	34,629	39,166	11,233	1999	12/31/2001	0	-	40
WINDY POINT II	Schaumburg, IL	100	%	40,300	3,746	55,026	58,772	16,702		3,746	71,728	75,474	18,648	2001	12/31/2001	0	-	40
SARASOTA COMMERCE CENTER II	Sarasota, FL	100	%	None	1,767	20,533	22,300	2,310		2,203	22,407	24,610	7,455	1999	1/11/2002	0	-	40
11695 JOHNS CREEK PARKWAY	Johns Creek, GA	100	%	None	2,080	13,572	15,652	1,833		2,081	15,404	17,485	5,292	2001	3/28/2002	0	-	40
3750 BROOKSIDE PARKWAY	Alpharetta, GA	100	%	None	1,561	14,207	15,768	218		1,561	14,425	15,986	4,548	2001	4/18/2002	0	-	40
2001 NW 64th STREET	Ft. Lauderdale, FL	100	%	(a)	—	7,172	7,172	967		—	8,139	8,139	2,487	2001	4/18/2002	0	-	40
90 CENTRAL STREET	Boxborough, MA	100	%	None	3,642	29,497	33,139	3,001		3,642	32,498	36,140	10,967	2001	5/3/2002	0	-	40
DESERT CANYON 300	Phoenix, AZ	100	%	None	2,602	24,333	26,935	46		2,602	24,379	26,981	7,500	2001	6/4/2002	0	-	40
6031 CONNECTION DRIVE	Irving, TX	100	%	None	3,157	43,656	46,813	3,477		3,157	47,133	50,290	14,040	1999	8/15/2002	0	-	40
6021 CONNECTION DRIVE	Irving, TX	100	%	None	3,157	42,662	45,819	172		3,157	42,834	45,991	12,808	2000	8/15/2002	0	-	40
6011 CONNECTION DRIVE	Irving, TX	100	%	None	3,157	29,034	32,191	2,586		3,157	31,620	34,777	10,338	1999	8/15/2002	0	-	40
BRAKER POINTE III (c)	Austin, TX	100	%	16,500	6,098	34,492	40,590	1		6,099	34,492	40,591	10,387	2001	8/15/2002	0	-	40
CHANDLER FORUM	Chandler, AZ	100	%	None	2,632	—	2,632	19,963		2,779	19,816	22,595	6,908	2003	9/12/2002	0	-	40
2 GATEHALL DRIVE (c)	Parsippany, NJ	100	%	42,700	9,054	96,722	105,776	6,448		9,054	103,170	112,224	29,388	1985	9/27/2002	0	-	40
5601 HEADQUARTERS DRIVE	Plano, TX	100	%	None	3,153	24,602	27,755	2,663		3,153	27,265	30,418	7,591	2001	9/27/2002	0	-	40



					Initial Cost					Gross Amount at Which Carried at December 31, 2013
Description	Location	Ownership Percentage		Encumbrances	Land	Buildings and Improvements	Total	Costs Capitalized Subsequent to Acquisition		Land	Buildings and Improvements	Total	Accumulated Depreciation and Amortization	Date of Construction	Date Acquired	Life on which Depreciation and Amortization is Computed (in years) (f)
TWO INDEPENDENCE SQUARE (c)	Washington, DC	100	%	105,800	52,711	202,702	255,413	49,791		52,711	252,493	305,204	62,617	1991	11/22/2002	0	-	40
ONE INDEPENDENCE SQUARE (c)	Washington, DC	100	%	57,800	29,765	104,814	134,579	3,145		30,562	107,162	137,724	31,167	1991	11/22/2002	0	-	40
2120 WEST END AVENUE (c)	Nashville, TN	100	%	26,800	4,908	59,011	63,919	6,671		5,100	65,490	70,590	19,586	2000	11/26/2002	0	-	40
800 NORTH BRAND BOULEVARD	Glendale, CA	100	%	None	23,605	136,284	159,889	9,288		23,607	145,570	169,177	43,804	1990	12/20/2002	0	-	40
EASTPOINT I	Mayfield Heights, OH	100	%	None	1,485	11,064	12,549	2,221		1,485	13,285	14,770	3,277	2000	1/9/2003	0	-	40
EASTPOINT II	Mayfield Heights, OH	100	%	None	1,235	9,199	10,434	1,929		1,235	11,128	12,363	3,544	2000	1/9/2003	0	-	40
150 WEST JEFFERSON	Detroit, MI	100	%	None	9,759	88,364	98,123	3,166		9,759	91,530	101,289	26,218	1989	3/31/2003	0	-	40
US BANCORP CENTER	Minneapolis, MN	100	%	105,000	11,138	175,629	186,767	9,568		11,138	185,197	196,335	50,521	2000	5/1/2003	0	-	40
AON CENTER	Chicago, IL	100	%	225,000	23,267	472,488	495,755	145,536		23,966	617,325	641,291	163,035	1972	5/9/2003	0	-	40
AUBURN HILLS CORPORATE CENTER	Auburn Hills, MI	100	%	None	1,978	16,570	18,548	(8,331	)	1,591	8,626	10,217	3,908	2001	5/9/2003	0	-	40
11107 SUNSET HILLS ROAD	Reston, VA	100	%	None	2,711	17,890	20,601	518		2,711	18,408	21,119	5,692	1985	6/27/2003	0	-	40
11109 SUNSET HILLS ROAD	Reston, VA	100	%	None	1,218	8,038	9,256	(2,723	)	1,218	5,315	6,533	1,644	1984	6/27/2003	0	-	40
9211 CORPORATE BOULEVARD	Rockville, MD	100	%	None	3,019	21,984	25,003	(4,805	)	2,960	17,238	20,198	4,630	1989	7/30/2003	0	-	40
9221 CORPORATE BOULEVARD	Rockville, MD	100	%	None	3,019	21,984	25,003	(2,577	)	2,960	19,466	22,426	4,640	1989	7/30/2003	0	-	40
GLENRIDGE HIGHLANDS TWO	Atlanta, GA	100	%	None	6,662	69,031	75,693	(20,391	)	6,662	48,640	55,302	13,457	2000	8/1/2003	0	-	40
200 BRIDGEWATER CROSSING (c)	Bridgewater, NJ	100	%	40,200	8,182	84,160	92,342	(13,774	)	8,328	70,240	78,568	16,890	2002	8/14/2003	0	-	40
1055 EAST COLORADO BOULEVARD	Pasadena, CA	100	%	29,200	6,495	30,265	36,760	(3,059	)	6,495	27,206	33,701	6,349	2001	8/22/2003	0	-	40
FAIRWAY CENTER II (c)	Brea, CA	100	%	10,700	7,110	15,600	22,710	(2,332	)	7,110	13,268	20,378	3,670	2002	8/29/2003	0	-	40
COPPER RIDGE CENTER	Lyndhurst, NJ	100	%	None	6,974	38,714	45,688	(4,701	)	6,974	34,013	40,987	9,645	1989	9/5/2003	0	-	40
1901 MAIN STREET	Irvine, CA	100	%	None	6,246	36,455	42,701	(6,157	)	6,246	30,298	36,544	7,673	2001	9/17/2003	0	-	40
400 VIRGINIA AVE	Washington, DC	100	%	None	22,146	49,740	71,886	(1,248	)	22,146	48,492	70,638	12,989	1985	11/19/2003	0	-	40
4250 NORTH FAIRFAX DRIVE	Arlington, VA	100	%	None	13,636	70,918	84,554	3,892		13,636	74,810	88,446	23,169	1998	11/19/2003	0	-	40



					Initial Cost					Gross Amount at Which Carried at December 31, 2013
Description	Location	Ownership Percentage		Encumbrances	Land	Buildings and Improvements	Total	Costs Capitalized Subsequent to Acquisition		Land	Buildings and Improvements	Total	Accumulated Depreciation and Amortization	Date of Construction	Date Acquired	Life on which Depreciation and Amortization is Computed (in years) (f)
1225 EYE STREET (d)	Washington, DC	50	%	57,600	21,959	47,602	69,561	(1,998	)	21,959	45,604	67,563	12,749	1986	11/19/2003	0	-	40
1201 EYE STREET (e)	Washington, DC	50	%	82,400	31,985	63,139	95,124	(3,089	)	31,985	60,050	92,035	15,595	2001	11/19/2003	0	-	40
1901 MARKET STREET	Philadelphia, PA	100	%	None	13,584	166,683	180,267	31,497		20,829	190,935	211,764	49,364	1987	12/18/2003	0	-	40
60 BROAD STREET	New York, NY	100	%	None	32,522	168,986	201,508	3,543		60,708	144,343	205,051	38,111	1962	12/31/2003	0	-	40
1414 MASSACHUSETTS AVENUE	Cambridge, MA	100	%	None	4,210	35,821	40,031	2,004		4,365	37,670	42,035	14,586	1873	1/8/2004	0	-	40
ONE BRATTLE SQUARE	Cambridge, MA	100	%	None	6,974	64,940	71,914	(3,920	)	7,113	60,881	67,994	25,873	1991	2/26/2004	0	-	40
600 CORPORATE DRIVE	Lebanon, NJ	100	%	None	3,934	—	3,934	16,281		3,934	16,281	20,215	5,163	2005	3/16/2004	0	-	40
1075 WEST ENTRANCE DRIVE	Auburn Hills, MI	100	%	None	5,200	22,957	28,157	(313	)	5,207	22,637	27,844	5,552	2001	7/7/2004	0	-	40
3100 CLARENDON BOULEVARD	Arlington, VA	100	%	None	11,700	69,705	81,405	(5,127	)	11,791	64,487	76,278	14,653	1987	12/9/2004	0	-	40
9200 CORPORATE BOULEVARD	Rockville, MD	100	%	None	3,730	16,608	20,338	(1,402	)	3,882	15,054	18,936	3,383	1982	12/29/2004	0	-	40
400 BRIDGEWATER CROSSING (c)	Bridgewater, NJ	100	%	29,300	10,400	71,052	81,452	(7,442	)	10,400	63,610	74,010	17,839	2002	2/17/2006	0	-	40
LAS COLINAS CORPORATE CENTER I	Irving, TX	100	%	17,500	3,912	18,830	22,742	(4,791	)	2,543	15,408	17,951	2,946	1998	8/31/2006	0	-	40
LAS COLINAS CORPORATE CENTER II	Irving, TX	100	%	25,025	4,496	29,881	34,377	(4,908	)	2,543	26,926	29,469	5,501	1998	8/31/2006	0	-	40
TWO PIERCE PLACE	Itasca, IL	100	%	None	4,370	70,632	75,002	1,996		4,370	72,628	76,998	19,290	1991	12/7/2006	0	-	40
2300 CABOT DRIVE	Lisle, IL	100	%	None	4,390	19,549	23,939	(3,558	)	4,390	15,991	20,381	3,908	1998	5/10/2007	0	-	40
PIEDMONT POINTE I	Bethesda, MD	100	%	None	11,200	58,606	69,806	7,351		11,200	65,957	77,157	10,566	2007	11/13/2007	0	-	40
PIEDMONT POINTE II	Bethesda, MD	100	%	None	13,300	70,618	83,918	6,638		13,300	77,256	90,556	11,059	2008	6/25/2008	0	-	40
SUWANEE GATEWAY ONE	Suwanee, GA	100	%	None	1,000	6,875	7,875	78		1,000	6,953	7,953	581	2008	9/28/2010	0	-	40
ONE MERIDIAN CROSSINGS	Richfield, MN	100	%	None	2,919	24,398	27,317	(1	)	2,919	24,397	27,316	2,238	1997	10/1/2010	0	-	40
TWO MERIDIAN CROSSINGS	Richfield, MN	100	%	None	2,661	25,742	28,403	215		2,661	25,957	28,618	2,394	1998	10/1/2010	0	-	40
500 W. MONROE	Chicago, IL	100	%	None	36,990	185,113	222,103	4,038		36,990	189,151	226,141	13,115	1991	3/31/2011	0	-	40
THE DUPREE	Atlanta, GA	100	%	None	4,080	14,310	18,390	420		4,080	14,730	18,810	1,708	1997	4/29/2011	0	-	40
THE MEDICI	Atlanta, GA	100	%	None	1,780	11,510	13,290	630		1,780	12,140	13,920	853	2008	6/7/2011	0	-	40
225 PRESIDENTIAL WAY	Boston, MA	100	%	None	3,626	36,916	40,542	(763	)	3,613	36,166	39,779	3,566	2000	9/13/2011	0	-	40
235 PRESIDENTIAL WAY	Boston, MA	100	%	None	4,154	44,048	48,202	(911	)	4,138	43,153	47,291	4,238	2001	9/13/2011	0	-	40
400 TOWNPARK	Lake Mary, FL	100	%	None	2,570	20,555	23,125	620		2,570	21,175	23,745	1,597	2008	11/10/2011	0	-	40



					Initial Cost									Gross Amount at Which Carried at December 31, 2013
Description	Location	Ownership Percentage		Encumbrances	Land		Buildings and Improvements		Total		Costs Capitalized Subsequent to Acquisition			Land		Buildings and Improvements		Total		Accumulated Depreciation and Amortization		Date of Construction	Date Acquired	Life on which Depreciation and Amortization is Computed (in years) (f)
ARLINGTON GATEWAY	Arlington, VA	100	%	None	36,930		129,070		166,000		(333		)	36,930		128,737		165,667		5,350		2005	3/4/2013	0		40
5 & 15 WAYSIDE ROAD	Burlington, MA	100	%	None	7,190		55,445		62,635		(631		)	7,190		54,814		62,004		1,579		1999 / 2001	3/22/2013	0		40
2020 W. 89th STREET	Kansas City, MO	100	%	None	1,430		1,607		3,037		234			1,430		1,841		3,271		65		1992	8/12/2013	0		40
5301 MARYLAND WAY	Brentwood, TN	100	%	None	5,740		9,717		15,457		—			5,740		9,717		15,457		589		1989	8/12/2013	0		40
4685 INVESTMENT DRIVE	Troy, MI	100	%	None	1,200		7,840		9,040		135			1,200		7,975		9,175		309		2000	8/12/2013	0		40
6565 MACARTHUR BOULEVARD	Irving, TX	100	%	None	4,820		37,767		42,587		2			4,820		37,769		42,589		71		1998	12/5/2013	0		40
ONE LINCOLN PARK	Dallas, TX	100	%	None	6,640		44,810		51,450		—			6,640		44,810		51,450		86		1999	12/20/2013	0		40
161 CORPORATE CENTER	Irving, TX	100	%	None	2,020		10,680		12,700		—			2,020		10,680		12,700		19		1998	12/30/2013	0		40
PIEDMONT POWER, LLC (g)	Bridgewater, NJ	100	%	None	—		79		79		2,501			—		2,580		2,580		113		N/A	12/20/2011	0	-	40
UNDEVELOPED LAND PARCELS (b)	Various	100	%	None	6,021		427		6,448		6,291			12,063		676		12,739		—		N/A	Various			N/A
Total—Consolidated REIT Properties					$	650,349	$	4,058,105	$	4,708,454	$	295,283		$	688,761	$	4,314,976	$	5,003,737	$	1,051,754



					Initial Cost									Gross Amount at Which Carried at December 31, 2013
Description	Location	Ownership Percentage		Encumbrances	Land		Buildings and Improvements		Total		Costs Capitalized Subsequent to Acquisition			Land		Buildings and Improvements		Total		Accumulated Depreciation and Amortization		Date of Construction	Date Acquired	Life on which Depreciation and Amortization is Computed (in years) (f)
8560 UPLAND DRIVE	Parker, CO	72	%	None	1,954		11,216		13,170		1,089			2,048		12,211		14,259		3,952		2001	12/21/2001	0	-	40
TWO PARK CENTER	Hoffman Estates, IL	72	%	None	600		22,682		23,282		(3,273		)	624		19,385		20,009		5,179		1999	9/19/2003	0	-	40
Total – Unconsolidated JV Properties					$	2,554	$	33,898	$	36,452	$	(2,184	)	$	2,672	$	31,596	$	34,268	$	9,131
Total – All Properties					$	652,903	$	4,092,003	$	4,744,906	$	293,099		$	691,433	$	4,346,572	$	5,038,005	$	1,060,885


^(a)	Property is owned subject to a long-term ground lease.


^(b)	Undeveloped Land Parcels are not included in Piedmont’s total building count.


^(c)	These properties collateralize the $350 Million Secured Pooled Facility.

^(d)

Piedmont purchased all of the membership interest in 1225 Equity, LLC, which own a 49.5% membership interest in 1225 Eye Street, N.W. Associates, which owns the 1225 Eye Street building. As a result of its ownership of 1225 Equity, LLC, Piedmont owns an approximate 49.5% in the 1225 Eye Street building. As the controlling member, Piedmont is deemed to have control of the entities and, as such, consolidates the joint ventures.

^(e)

Piedmont purchased all of the membership interest in 1201 Equity, LLC, which own a 49.5% membership interest in 1201 Eye Street, N.W. Associates, which owns the 1201 Eye Street building. As a result of its ownership of 1201 Equity, LLC, Piedmont owns an approximate 49.5% in the 1201 Eye Street building. As the controlling member, Piedmont is deemed to have control of the entities and, as such, consolidates the joint ventures.

^(f)

Piedmont’s assets are depreciated or amortized using the straight-lined method over the useful lives of the assets by class. Generally, Tenant Improvements are amortized over the shorter of economic life or lease term, and Lease Intangibles are amortized over the lease term. Generally, Building Improvements are depreciated over 5 - 25 years, Land Improvements are depreciated over 20 - 25 years, and Buildings are depreciated over 40 years.


^(g)	Represents solar panels at the 400 Bridgewater Crossing building, which are not included in Piedmont’s total building count.

Piedmont Office Realty Trust, Inc.

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2013

(dollars in thousands)



	2013			2012			2011
Real Estate:
Balance at the beginning of the year	$	4,648,904		$	4,699,311		$	4,666,188
Additions to/improvements of real estate	541,701			108,131			440,141
Assets disposed	(133,249		)	(77,768		)	(361,397		)
Assets impaired	(1,242		)	—			—
Write-offs of intangible assets⁽¹⁾	(12,080		)	(73,632		)	(35,916		)
Write-offs of fully depreciated/amortized assets	(6,029		)	(7,138		)	(9,705		)
Balance at the end of the year	$	5,038,005		$	4,648,904		$	4,699,311
Accumulated Depreciation and Amortization:
Balance at the beginning of the year	$	977,768		$	935,716		$	918,578
Depreciation and amortization expense	140,637			139,196			147,440
Assets disposed	(39,411		)	(16,374		)	(84,681		)
Write-offs of intangible assets⁽¹⁾	(12,080		)	(73,632		)	(35,916		)
Write-offs of fully depreciated/amortized assets	(6,029		)	(7,138		)	(9,705		)
Balance at the end of the year	$	1,060,885		$	977,768		$	935,716


⁽¹⁾	Consists of write-offs of intangible lease assets related to lease restructurings, amendments and terminations.