SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Oct. 31, 2013

Schedule Iii - Real Estate And Accumulated Depreciation

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

BLUE RIDGE REAL ESTATE COMPANY and SUBSIDIARIES

BIG BOULDER CORPORATION and SUBSIDIARIES (See Note 1)

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

OCTOBER 31, 2013

	Initial Cost							Total Cost Net
		Buildings &	Subsequent		Building and		Accumulated	of  Accumulated		Date of
Description	Land	Improvements	to Acquisition	Land	Improvements	Total	Depreciation	Depreciation	Encumbrances	Acquisition
Land located in Northeast. PA	$1,869,629		$906,342	$2,775,971		$2,775,971		$2,775,971		Various
Various  improvements
Sewage Plants, wells and access       roads at Jack Frost and       Big Boulder Ski Areas		6,093,877	566,350		6,660,227	6,660,227	4,687,929	1,972,298		Various / 1982 on
Jack Frost National Golf Course	8,656,154	3,048,817	8,684	8,656,154	3,057,501	11,713,655	1,377,887	10,335,768		2007
Corporate Building		282,918	271,955		554,873	554,873	516,094	38,779		1982
Building Leased to Others
Asset-Shopping Center-Baton Rouge Louisiana	2,208,165	8,894,908	59,315	2,208,165	8,954,223	11,162,388	2,219,637	8,942,751	6,608,689	2004
Asset-Walgreens-Toms River New Jersey	948,181	4,877,731	483,028	948,181	5,360,759	6,308,940	1,009,892	5,299,048	3,659,655	2006
Asset-Walgreens-White Bear Lake-Minnesota	1,446,831	4,615,442	380,783	1,446,831	4,996,225	6,443,056	940,606	5,502,450	3,933,358	2006
Asset-Boulder View Tavern-Eastern PA		1,072,000	581,170		1,653,170	1,653,170	1,504,814	148,356		1986
Asset-Company owned rental properties-Eastern PA		221,930	77,632		299,562	299,562	266,297	33,265
Asset-Leased Lake Club Program-Eastern PA		571,151			571,151	571,151	571,151	0		Various / 1980 on
Asset-Leased Villages Maintenance Building-Eastern PA		188,872			188,872	188,872	188,872	0		Various / 1982 on
Total	$15,128,960	$29,867,646	$3,335,259	$16,035,302	$32,296,563	$48,331,865	$13,283,179	$35,048,686	$14,201,702

Depreciation and Amortization are provided on a straight-line half year method over the estimated useful lives of the assets as follows:

Land improvements

10 to 30 years

Corporate building

10 to 30 years

Properties leased to others

10 to 30 years

The aggregate cost for federal income tax purposes is approximately $29,000,000 at October 31, 2013.

The changes in total real estate assets for the years ended October 31, 2013, 2012, and 2011 are as follows:

	2013	2012	2011
Balance at beginning of period	50,012,530	51,413,704	$54,908,935
Additions to Land	0	0	0
Additions to Land Improvements	0	0	0
Additions to Leased Buildings	5,025	22,535	761
Additions to Corporate Building	0	0	0
Sale of Real Property	(1,685,690)	(984,830)	(3,495,992)
Transfers	0	(438,879)	0
Balance at end of year	48,331,865	50,012,530	$51,413,704

The changes in accumulated depreciation for the years ended October 31, 2013, 2012, and 2011 are as follows:

	2013	2012	2011
Balance at beginning of year	12,410,178	11,986,044	$11,113,491
Addition during year: reclass	0	0	0
Current year depreciation	952,003	974,568	1,106,816
Less retirements	(79,002)	(550,434)	(234,263)
Balance at end of year	13,283,179	12,410,178	$11,986,044