CORRECTIONS CORPORATION OF AMERICA AND SUBSIDIARIES

SCHEDULE III - REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2015

(in thousands)


Description	Location	Initial Cost to Company				Cost Capitalized Subsequent to Acquisition		Gross Amount at Which Carried at Close of Period							Accumulated Depreciation (B)			Date Constructed/ Acquired
Description	Location	Land		Buildings and Improvements		Cost Capitalized Subsequent to Acquisition		Land and Land Improvements		Buildings and Leasehold Improvements		Total (A)			Accumulated Depreciation (B)			Date Constructed/ Acquired
Adams County Correctional Center	Adams County, Mississippi	$	874	$	119,565	$	2,859	$	1,084	$	122,214	$	123,298		$	(17,556	)	2008
Austin Residential Re-entry Center	Del Valle, Texas		4,190		1,058		300		4,190		1,358		5,548			(12	)	2015
Austin Transitional Center	Del Valle, Texas		19,488		4,607		850		19,488		5,457		24,945			(40	)	2015
Bent County Correctional Facility	Las Animas, Colorado		550		13,115		66,601		1,212		79,054		80,266			(20,146	)	1992
Bridgeport Pre-Parole Transfer Facility	Bridgeport, Texas		70		291		588		209		740		949			(516	)	1995
Broad Street Residential Re-entry Center	Philadelphia, Pennsylvania		663		2,700		—		663		2,700		3,363			(28	)	2015
CAI - Boston Avenue	San Diego, California		800		11,440		29		834		11,435		12,269			(935	)	2013
California City Correctional Center	California City, California		1,785		125,337		8,663		2,484		133,301		135,785			(42,414	)	1999
Carver Transitional Center	Oklahoma City, Oklahoma		8,562		4,631		810		8,562		5,441		14,003			(39	)	2015
Central Arizona Detention Center	Florence, Arizona		1,298		57,857		32,064		3,090		88,129		91,219			(30,515	)	1994
Chester Residential Re-entry Center	Chester, Pennsylvania		657		2,679		—		657		2,679		3,336			(28	)	2015
Cheyenne Transitional Center	Cheyenne, Wyoming		5,567		2,092		380		5,567		2,472		8,039			(18	)	2015
Cibola County Corrections Center	Milan, New Mexico		444		16,215		29,857		1,319		45,197		46,516			(16,173	)	1994
Cimarron Correctional Facility	Cushing, Oklahoma		250		71,303		43,035		581		114,007		114,588			(31,418	)	1997
Coffee Correctional Facility	Nicholls, Georgia		194		28,361		46,150		853		73,852		74,705			(18,959	)	1998
Corpus Christi Transitional Center	Corpus Christi, Texas		—		1,886		352		—		2,238		2,238			(40	)	2015
Crossroads Correctional Center	Shelby, Montana		413		33,196		7,295		867		40,037		40,904			(30,419	)	1999
Crowley County Correctional Facility	Olney Springs, Colorado		211		46,845		27,920		2,174		72,802		74,976			(19,646	)	2003
D.C. Correctional Treatment Facility	Washington, D.C.		—		—		6,131		71		6,060		6,131			(4,876	)	1997
Dallas Transitional Center	Hutchins, Texas		—		3,852		1,569		—		5,421		5,421			(53	)	2015
Davis Correctional Facility	Holdenville, Oklahoma		250		66,701		40,336		890		106,397		107,287			(29,715	)	1996
Diamondback Correctional Facility	Watonga, Oklahoma		208		41,677		22,585		567		63,903		64,470			(21,440	)	1998
Eden Detention Facility	Eden, Texas		925		27,645		33,401		5,459		56,512		61,971			(19,397	)	1995
El Paso Multi-Use Facility	El Paso, Texas		14,936		4,536		948		14,936		5,484		20,420			(40	)	2015
El Paso Transitional Center	El Paso, Texas		10,325		4,198		700		10,325		4,898		15,223			(34	)	2015
Eloy Detention Center	Eloy, Arizona		498		33,308		14,652		1,851		46,607		48,458			(16,432	)	1995
Florence Correctional Center	Florence, Arizona		—		75,674		10,763		1,042		85,395		86,437			(27,107	)	1999
Fort Worth Transitional Center	Fort Worth, Texas		3,251		334		221		3,251		555		3,806			(31	)	2015
Houston Processing Center	Houston, Texas		2,250		53,373		37,619		3,332		89,910		93,242			(29,222	)	1984
Huerfano County Correctional Center	Walsenburg, Colorado		124		26,358		4,095		984		29,593		30,577			(12,301	)	1997
Jenkins Correctional Center	Millen, Georgia		208		48,158		43		237		48,172		48,409			(3,708	)	2012
Kit Carson Correctional Center	Burlington, Colorado		432		35,980		42,929		960		78,381		79,341			(19,302	)	1998
La Palma Correctional Center	Eloy, Arizona		283		183,155		12,068		482		195,024		195,506			(31,077	)	2008
Lake Erie Correctional Institution	Conneaut, Ohio		2,871		69,779		2,715		3,669		71,696		75,365			(5,990	)	2011
Laredo Processing Center	Laredo, Texas		788		26,737		2,169		968		28,726		29,694			(10,336	)	1985
Leavenworth Detention Center	Leavenworth, Kansas		130		44,970		42,549		464		87,185		87,649			(25,013	)	1992
Lee Adjustment Center	Beattyville, Kentucky		500		515		16,090		1,217		15,888		17,105			(6,265	)	1998
Leo Chesney Correctional Center	Live Oak, California		250		4,774		1,577		250		6,351		6,601			(2,609	)	1989
Marion Adjustment Center	St. Mary, Kentucky		250		9,994		8,277		915		17,606		18,521			(5,985	)	1998
McRae Correctional Facility	McRae, Georgia		462		60,396		17,601		992		77,467		78,459			(17,668	)	2000
Mineral Wells Pre-Parole Transfer Facility	Mineral Wells, Texas		176		22,589		—		100		—		100	(C)		—		1995
Nevada Southern Detention Center	Pahrump, Nevada		7,548		64,362		9,306		8,330		72,886		81,216			(9,275	)	2010
New Mexico Women’s Correctional Facility	Grants, New Mexico		142		15,888		14,237		816		29,451		30,267			(11,622	)	1989
North Fork Correctional Facility	Sayre, Oklahoma		—		42,166		59,153		458		100,861		101,319			(26,514	)	1998
Northeast Ohio Correctional Center	Youngstown, Ohio		750		39,583		8,305		1,675		46,963		48,638			(16,860	)	1997
Otay Mesa Detention Center	San Diego, California		28,845		114,411		8,160		37,005		114,411		151,416			(1,424	)	2015
Otter Creek Correctional Center	Wheelwright, Kentucky		500		24,487		11,336		1,447		34,876		36,323			(13,054	)	1998
Prairie Correctional Facility	Appleton, Minnesota		100		22,306		8,700		1,065		30,041		31,106			(13,145	)	1991
Queensgate Correctional Facility	Cincinnati, Ohio		750		15,221		498		340		498		838	(C)		(15	)	1998
Red Rock Correctional Center	Eloy, Arizona		10		78,456		21,240		255		99,451		99,706			(20,878	)	2006
Roth Hall Residential Re-entry Center	Philadelphia, PA		654		2,693		—		654		2,693		3,347			(28	)	2015
Saguaro Correctional Facility	Eloy, Arizona		193		98,903		402		471		99,027		99,498			(17,191	)	2007
San Diego Correctional Facility	San Diego, California		—		92,458		—		—		—		—	(D)		—		1999
Shelby Training Center	Memphis, Tennessee		150		6,393		3,076		275		9,344		9,619			(9,403	)	1986
South Texas Family Residential Center	Dilley, Texas		—		146,974		8,290		35		155,229		155,264	(E)		(31,655	)	2015
Stewart Detention Center	Lumpkin, Georgia		143		70,560		14,555		743		84,515		85,258			(17,383	)	2004
T. Don Hutto Residential Center	Taylor, Texas		183		13,418		4,147		591		17,157		17,748			(6,701	)	1997
Tallahatchie County Correctional Facility	Tutwiler, Mississippi		—		44,638		94,194		1,539		137,293		138,832			(38,115	)	2000
Torrance County Detention Facility	Estancia, New Mexico		511		52,599		7,666		1,704		59,072		60,776			(21,293	)	1990
Trousdale Turner Correctional Center	Hartsville, TN		649		135,412		—		649		135,412		136,061			(230	)	2015
Tulsa Transitional Center	Tulsa, OK		8,206		4,061		710		8,206		4,771		12,977			(34	)	2015
Turley Residential Center	Tulsa, OK		421		4,105		810		421		4,915		5,336			(36	)	2015
Walker Hall Residential Re-entry Center	Philadelphia, PA		654		2,693		—		654		2,693		3,347			(28	)	2015
Webb County Detention Center	Laredo, Texas		498		20,160		5,961		2,101		24,518		26,619			(9,360	)	1998
West Tennessee Detention Facility	Mason, Tennessee		538		31,931		5,685		2,040		36,114		38,154			(14,467	)	1990
Wheeler Correctional Facility	Alamo, Georgia		117		30,781		42,184		423		72,659		73,082			(18,901	)	1998
Whiteville Correctional Facility	Whiteville, Tennessee		303		51,694		6,139		1,667		56,469		58,136			(19,443	)	1998

Totals		$	136,998	$	2,614,234	$	921,545	$	180,360	$	3,361,663	$	3,542,023		$	(834,558	)

NOTES TO SCHEDULE III - REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

(A)

The aggregate cost of properties for federal income tax purposes is approximately $3.4 billion at December 31, 2015.

(B)

Depreciation is calculated using estimated useful lives of depreciable assets up to 50 years for prison facilities.

(C)

CCA recorded non-cash impairments during the fourth quarter of 2014 to write down the book values of the Queensgate and Mineral Wells facilities to the estimated fair values assuming asset sales for uses other than correctional facilities.

(D)

We transitioned operations from the 1,154-bed San Diego Correctional Facility to the newly constructed 1,482-bed Otay Mesa Detention Center in the fourth quarter of 2015. The San Diego Correctional Facility was subject to a ground lease with the County of San Diego. Upon expiration of the lease on December 31, 2015, ownership of the facility automatically reverted to the County of San Diego.

(E)

The South Texas Family Residential Center is subject to a lease agreement with a third-party lessor. This agreement resulted in CCA being deemed the owner of the newly constructed assets for accounting purposes, in accordance with ASC 840-40-55, formerly Emerging Issues Task Force No. 97-10, “The Effect of Lessee Involvement in Asset Construction.”

CORRECTIONS CORPORATION OF AMERICA AND SUBSIDIARIES

SCHEDULE III - REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

FOR THE YEARS ENDED DECEMBER 31, 2015, 2014, AND 2013

(in thousands)


	For the Years Ended December 31,
	2015			2014			2013
Investment in Real Estate:
Balance at beginning of period	$	3,071,094		$	3,078,902		$	3,049,672
Additions through Capital Expenditures		433,481			45,929			18,106
Acquisitions		131,348			—			12,270
Sale of real estate for cash		—			(4,368	)		(554	)
Asset Impairments		—			(49,247	)		—
Reclassifications and other		(93,900	)		(122	)		(592	)

Balance at end of period	$	3,542,023		$	3,071,094		$	3,078,902


Accumulated Depreciation:
Balance at beginning of period	$	(815,980	)	$	(755,761	)	$	(680,965	)
Depreciation		(113,611	)		(79,745	)		(75,069	)
Disposals/Other		95,033			118			273
Asset Impairments		—			19,408			—

Balance at end of period	$	(834,558	)	$	(815,980	)	$	(755,761	)