Piedmont Office Realty Trust, Inc.

Schedule III - Real Estate and Accumulated Depreciation

December 31, 2014

(dollars in thousands)



					Initial Cost				Gross Amount at Which Carried at December 31, 2014
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) (e)
3900 DALLAS PARKWAY	Plano, TX	100	%	None	1,456	20,377	21,833	3,054	1,517	23,370	24,887	10,342	1999	12/21/1999	0	-	40
RIVER CORPORATE CENTER	Tempe, AZ	100	%	(a)	—	16,036	16,036	7,341	—	23,377	23,377	8,158	1998	3/29/2000	0	-	40
1430 ENCLAVE PARKWAY	Houston, TX	100	%	32,100	7,100	37,915	45,015	2,447	5,506	41,956	47,462	16,794	1994	12/21/2000	0	-	40
CRESCENT RIDGE II	Minnetonka, MN	100	%	None	7,700	45,154	52,854	9,429	8,021	54,262	62,283	22,975	2000	12/21/2000	0	-	40
1200 CROWN COLONY DRIVE	Quincy, MA	100	%	None	11,042	40,666	51,708	3,507	11,042	44,173	55,215	15,655	1990	7/30/2001	0	-	40
5601 HIATUS ROAD	Tamarac, FL	100	%	None	3,642	10,404	14,046	1,722	3,642	12,126	15,768	4,553	2001	12/21/2001	0	-	40
WINDY POINT I	Schaumburg, IL	100	%	23,400	4,537	31,847	36,384	2,777	4,537	34,624	39,161	12,350	1999	12/31/2001	0	-	40
WINDY POINT II	Schaumburg, IL	100	%	40,300	3,746	55,026	58,772	16,697	3,746	71,723	75,469	21,182	2001	12/31/2001	0	-	40
SARASOTA COMMERCE CENTER II	Sarasota, FL	100	%	None	1,767	20,533	22,300	2,416	2,203	22,513	24,716	8,212	1999	1/11/2002	0	-	40
11695 JOHNS CREEK PARKWAY	Johns Creek, GA	100	%	None	2,080	13,572	15,652	1,288	2,080	14,860	16,940	5,309	2001	3/28/2002	0	-	40
3750 BROOKSIDE PARKWAY	Alpharetta, GA	100	%	None	1,561	14,207	15,768	897	1,561	15,104	16,665	4,965	2001	4/18/2002	0	-	40
2001 NW 64th STREET	Ft. Lauderdale, FL	100	%	(a)	—	7,172	7,172	967	—	8,139	8,139	2,801	2001	4/18/2002	0	-	40
90 CENTRAL STREET	Boxborough, MA	100	%	None	3,642	29,497	33,139	3,638	3,642	33,135	36,777	11,966	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	8,096	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	15,712	1999	8/15/2002	0	-	40
6021 CONNECTION DRIVE	Irving, TX	100	%	None	3,157	42,662	45,819	10,406	3,157	53,068	56,225	14,398	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	11,281	1999	8/15/2002	0	-	40
BRAKER POINTE III	Austin, TX	100	%	None	6,098	34,492	40,590	1	6,099	34,492	40,591	11,230	2001	8/15/2002	0	-	40
CHANDLER FORUM	Chandler, AZ	100	%	None	2,632	—	2,632	19,964	2,779	19,817	22,596	7,352	2003	9/12/2002	0	-	40
2 GATEHALL DRIVE	Parsippany, NJ	100	%	None	9,054	96,722	105,776	6,684	9,054	103,406	112,460	32,437	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	8,385	2001	9/27/2002	0	-	40



					Initial Cost					Gross Amount at Which Carried at December 31, 2014
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) (e)
TWO INDEPENDENCE SQUARE	Washington, DC	100	%	None	52,711	202,702	255,413	58,089		52,711	260,791	313,502	70,694	1991	11/22/2002	0	-	40
ONE INDEPENDENCE SQUARE	Washington, DC	100	%	None	29,765	104,814	134,579	3,900		30,562	107,917	138,479	33,915	1991	11/22/2002	0	-	40
2120 WEST END AVENUE	Nashville, TN	100	%	None	4,908	59,011	63,919	6,672		5,101	65,490	70,591	21,396	2000	11/26/2002	0	-	40
800 NORTH BRAND BOULEVARD	Glendale, CA	100	%	None	23,605	136,284	159,889	11,892		23,607	148,174	171,781	48,571	1990	12/20/2002	0	-	40
EASTPOINT I	Mayfield Heights, OH	100	%	None	1,485	11,064	12,549	2,889		1,485	13,953	15,438	3,805	2000	1/9/2003	0	-	40
EASTPOINT II	Mayfield Heights, OH	100	%	None	1,235	9,199	10,434	1,939		1,235	11,138	12,373	3,895	2000	1/9/2003	0	-	40
150 WEST JEFFERSON	Detroit, MI	100	%	None	9,759	88,364	98,123	5,868		9,759	94,232	103,991	28,925	1989	3/31/2003	0	-	40
US BANCORP CENTER	Minneapolis, MN	100	%	105,000	11,138	175,629	186,767	16,595		11,138	192,224	203,362	56,098	2000	5/1/2003	0	-	40
AON CENTER	Chicago, IL	100	%	None	23,267	472,488	495,755	170,177		23,966	641,966	665,932	185,398	1972	5/9/2003	0	-	40
AUBURN HILLS CORPORATE CENTER	Auburn Hills, MI	100	%	None	1,978	16,570	18,548	(7,587	)	1,591	9,370	10,961	4,206	2001	5/9/2003	0	-	40
9211 CORPORATE BOULEVARD	Rockville, MD	100	%	None	3,019	21,984	25,003	(3,695	)	2,960	18,348	21,308	5,074	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	5,497	1989	7/30/2003	0	-	40
GLENRIDGE HIGHLANDS TWO	Atlanta, GA	100	%	None	6,662	69,031	75,693	(19,847	)	6,662	49,184	55,846	15,602	2000	8/1/2003	0	-	40
200 BRIDGEWATER CROSSING	Bridgewater, NJ	100	%	None	8,182	84,160	92,342	(12,411	)	8,328	71,603	79,931	19,411	2002	8/14/2003	0	-	40
1055 EAST COLORADO BOULEVARD	Pasadena, CA	100	%	29,200	6,495	30,265	36,760	(3,035	)	6,495	27,230	33,725	7,483	2001	8/22/2003	0	-	40
FAIRWAY CENTER II	Brea, CA	100	%	None	7,110	15,600	22,710	(2,262	)	7,110	13,338	20,448	4,351	2002	8/29/2003	0	-	40
COPPER RIDGE CENTER	Lyndhurst, NJ	100	%	None	6,974	38,714	45,688	(3,709	)	6,974	35,005	41,979	10,980	1989	9/5/2003	0	-	40
1901 MAIN STREET	Irvine, CA	100	%	None	6,246	36,455	42,701	(6,049	)	6,246	30,406	36,652	8,943	2001	9/17/2003	0	-	40
400 VIRGINIA AVE	Washington, DC	100	%	None	22,146	49,740	71,886	(1,253	)	22,146	48,487	70,633	14,325	1985	11/19/2003	0	-	40
4250 NORTH FAIRFAX DRIVE	Arlington, VA	100	%	None	13,636	70,918	84,554	1,591		13,636	72,509	86,145	20,584	1998	11/19/2003	0	-	40



					Initial Cost					Gross Amount at Which Carried at December 31, 2014
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) (e)
1225 EYE STREET (c)	Washington, DC	50	%	57,600	21,959	47,602	69,561	67		21,959	47,669	69,628	14,343	1986	11/19/2003	0	-	40
1201 EYE STREET (d)	Washington, DC	50	%	82,400	31,985	63,139	95,124	(3,090	)	31,984	60,050	92,034	17,092	2001	11/19/2003	0	-	40
1901 MARKET STREET	Philadelphia, PA	100	%	None	13,584	166,683	180,267	52,860		20,829	212,298	233,127	56,250	1987	12/18/2003	0	-	40
60 BROAD STREET	New York, NY	100	%	None	32,522	168,986	201,508	9,251		60,708	150,051	210,759	43,085	1962	12/31/2003	0	-	40
1414 MASSACHUSETTS AVENUE	Cambridge, MA	100	%	None	4,210	35,821	40,031	(214	)	4,365	35,452	39,817	13,619	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	28,646	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	5,765	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	6,411	2001	7/7/2004	0	-	40
3100 CLARENDON BOULEVARD	Arlington, VA	100	%	None	11,700	69,705	81,405	11,250		11,791	80,864	92,655	15,861	1987	12/9/2004	0	-	40
9200 CORPORATE BOULEVARD	Rockville, MD	100	%	None	3,730	16,608	20,338	(1,185	)	3,882	15,271	19,153	3,783	1982	12/29/2004	0	-	40
400 BRIDGEWATER CROSSING	Bridgewater, NJ	100	%	None	10,400	71,052	81,452	(8,832	)	10,400	62,220	72,620	19,754	2002	2/17/2006	0	-	40
LAS COLINAS CORPORATE CENTER I	Irving, TX	100	%	17,500	3,912	18,830	22,742	(3,882	)	2,543	16,317	18,860	3,486	1998	8/31/2006	0	-	40
LAS COLINAS CORPORATE CENTER II	Irving, TX	100	%	25,025	4,496	29,881	34,377	(3,615	)	2,543	28,219	30,762	6,354	1998	8/31/2006	0	-	40
TWO PIERCE PLACE	Itasca, IL	100	%	None	4,370	70,632	75,002	2,793		4,370	73,425	77,795	22,395	1991	12/7/2006	0	-	40
2300 CABOT DRIVE	Lisle, IL	100	%	None	4,390	19,549	23,939	(3,705	)	4,390	15,844	20,234	3,513	1998	5/10/2007	0	-	40
PIEDMONT POINTE I	Bethesda, MD	100	%	None	11,200	58,606	69,806	7,357		11,200	65,963	77,163	12,724	2007	11/13/2007	0	-	40
PIEDMONT POINTE II	Bethesda, MD	100	%	None	13,300	70,618	83,918	7,374		13,300	77,992	91,292	13,502	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	756	2008	9/28/2010	0	-	40
ONE MERIDIAN CROSSINGS	Richfield, MN	100	%	None	2,919	24,398	27,317	318		2,919	24,716	27,635	2,931	1997	10/1/2010	0	-	40
TWO MERIDIAN CROSSINGS	Richfield, MN	100	%	None	2,661	25,742	28,403	373		2,661	26,115	28,776	3,140	1998	10/1/2010	0	-	40
500 W. MONROE	Chicago, IL	100	%	None	36,990	185,113	222,103	18,367		36,990	203,480	240,470	19,497	1991	3/31/2011	0	-	40
THE DUPREE	Atlanta, GA	100	%	None	4,080	14,310	18,390	892		4,080	15,202	19,282	2,394	1997	4/29/2011	0	-	40
THE MEDICI	Atlanta, GA	100	%	None	1,780	11,510	13,290	4,031		1,780	15,541	17,321	1,313	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	5,094	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	6,054	2001	9/13/2011	0	-	40
400 TOWNPARK	Lake Mary, FL	100	%	None	2,570	20,555	23,125	1,692		2,570	22,247	24,817	2,455	2008	11/10/2011	0	-	40



					Initial Cost									Gross Amount at Which Carried at December 31, 2014
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) (e)
ARLINGTON GATEWAY	Arlington, VA	100	%	None	36,930		129,070		166,000		1,673			36,930		130,743		167,673		11,673		2005	3/4/2013	0		40
5 & 15 WAYSIDE ROAD	Burlington, MA	100	%	None	7,190		55,445		62,635		(108		)	7,190		55,337		62,527		3,656		1999 / 2001	3/22/2013	0		40
5301 MARYLAND WAY	Brentwood, TN	100	%	None	5,740		9,717		15,457		—			5,740		9,717		15,457		2,000		1989	8/12/2013	0		40
6565 MACARTHUR BOULEVARD	Irving, TX	100	%	None	4,820		37,767		42,587		156			4,820		37,923		42,743		1,978		1998	12/5/2013	0		40
ONE LINCOLN PARK	Dallas, TX	100	%	None	6,640		44,810		51,450		412			6,640		45,222		51,862		2,220		1999	12/20/2013	0		40
161 CORPORATE CENTER	Irving, TX	100	%	None	2,020		10,680		12,700		130			2,020		10,810		12,830		606		1998	12/30/2013	0		40
5 WALL STREET	Burlington, MA	100	%	36,520	9,560		50,276		59,836		—			9,560		50,276		59,836		1,249		2008	6/27/2014	0		40
1155 PERIMETER CENTER WEST	Atlanta, GA	100	%	None	5,870		66,849		72,719		—			5,870		66,849		72,719		1,109		2000	8/28/2014	0		40
PIEDMONT POWER, LLC (f)	Bridgewater, NJ	100	%	None	—		79		79		2,741			—		2,820		2,820		250		N/A	12/20/2011	0	-	40
UNDEVELOPED LAND PARCELS (b)	Various	100	%	None	6,021		427		6,448		46,465			19,951		32,962		52,913		—		N/A	Various			N/A
Total—Consolidated REIT Properties					$	657,060	$	4,123,079	$	4,780,139	$	473,217		$	704,317	$	4,549,039	$	5,253,356	$	1,178,264



					Initial Cost								Gross Amount at Which Carried at December 31, 2014
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) (e)
8560 UPLAND DRIVE	Parker, CO	72	%	None	1,954		11,216		13,170		1,089		2,048		12,211		14,259		4,292		2001	12/21/2001	0	-	40
Total – Unconsolidated JV Properties					$	1,954	$	11,216	$	13,170	$	1,089	$	2,048	$	12,211	$	14,259	$	4,292
Total – All Properties					$	659,014	$	4,134,295	$	4,793,309	$	474,306	$	706,365	$	4,561,250	$	5,267,615	$	1,182,556


^(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)

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.

^(d)

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.

^(e)

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.


^(f)	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, 2014

(dollars in thousands)



	2014			2013			2012
Real Estate:
Balance at the beginning of the year	$	5,038,005		$	4,648,904		$	4,699,311
Additions to/improvements of real estate	316,991			541,701			108,131
Assets disposed	(71,627		)	(133,249		)	(77,768		)
Assets impaired	—			(1,242		)	—
Write-offs of intangible assets⁽¹⁾	(9,723		)	(12,080		)	(73,632		)
Write-offs of fully depreciated/amortized assets	(6,031		)	(6,029		)	(7,138		)
Balance at the end of the year	$	5,267,615		$	5,038,005		$	4,648,904
Accumulated Depreciation and Amortization:
Balance at the beginning of the year	$	1,060,885		$	977,768		$	935,716
Depreciation and amortization expense	156,808			140,637			139,196
Assets disposed	(19,383		)	(39,411		)	(16,374		)
Write-offs of intangible assets⁽¹⁾	(9,723		)	(12,080		)	(73,632		)
Write-offs of fully depreciated/amortized assets	(6,031		)	(6,029		)	(7,138		)
Balance at the end of the year	$	1,182,556		$	1,060,885		$	977,768


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