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Consolidated Real Estate and Accumulated Depreciation
12 Months Ended
Dec. 31, 2012
Consolidated Real Estate and Accumulated Depreciation [Abstract]  
Consolidated Real Estate and Accumulated Depreciation
Douglas Emmett, Inc.
Schedule III
Consolidated Real Estate and Accumulated Depreciation

(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Initial Cost
 
Cost Capitalized Subsequent to Acquisition
 
 Gross Carrying Amount
at December 31, 2012
 
 
 
 
 
 
Property Name
 
Encumbrances at December 31, 2012
 
Land
 
Building & Improvements
 
Improvements
 
Land
 
Building & Improvements
 
Total
 
Accumulated Depreciation at December 31, 2012
 
Year Built / Renovated
 
Year Acquired
Office Properties
100 Wilshire
 
$
139,199

 
$
12,769

 
$
78,447

 
$
141,287

 
$
27,108

 
$
205,395

 
$
232,503

 
$
44,054

 
1968/2002
 
1999
11777 San Vicente
 
26,000

 
5,032

 
15,768

 
28,568

 
6,714

 
42,654

 
49,368

 
9,427

 
1974/1998
 
1999
12400 Wilshire
 
61,600

 
5,013

 
34,283

 
75,598

 
8,828

 
106,066

 
114,894

 
23,389

 
1985
 
1996
1901 Avenue of the Stars
 
155,000

 
18,514

 
131,752

 
113,563

 
26,163

 
237,666

 
263,829

 
51,084

 
1968/2001
 
2001
401 Wilshire
 
80,000

 
9,989

 
29,187

 
116,317

 
21,787

 
133,706

 
155,493

 
28,005

 
1981/2000
 
1996
9601 Wilshire
 
112,144

 
16,597

 
54,774

 
105,515

 
17,658

 
159,228

 
176,886

 
34,439

 
1962/2004
 
2001
Beverly Hills Medical Center
 
31,469

 
4,955

 
27,766

 
28,410

 
6,435

 
54,696

 
61,131

 
11,867

 
1964/2004
 
2004
Bishop Place
 
73,813

 
8,317

 
105,651

 
61,137

 
8,833

 
166,272

 
175,105

 
40,343

 
1992
 
2004
Bishop Square
 
139,131

 
16,273

 
213,793

 
11,180

 
16,273

 
224,973

 
241,246

 
23,323

 
1972/1983
 
2010
Brentwood Court
 
6,318

 
2,564

 
8,872

 
759

 
2,563

 
9,632

 
12,195

 
2,470

 
1984
 
2006
Brentwood Executive Plaza
 
25,461

 
3,255

 
9,654

 
35,050

 
5,921

 
42,038

 
47,959

 
10,444

 
1983/1996
 
1995
Brentwood Medical Plaza
 
25,805

 
5,934

 
27,836

 
2,087

 
5,933

 
29,924

 
35,857

 
7,377

 
1975
 
2006
Brentwood San Vicente Medical
 
13,297

 
5,557

 
16,457

 
853

 
5,557

 
17,310

 
22,867

 
3,879

 
1957/1985
 
2006
Brentwood/Saltair
 
13,100

 
4,468

 
11,615

 
11,499

 
4,775

 
22,807

 
27,582

 
6,103

 
1986
 
2000
Bundy/Olympic
 
24,056

 
4,201

 
11,860

 
29,765

 
6,030

 
39,796

 
45,826

 
9,703

 
1991/1998
 
1994
Camden Medical Arts
 
28,606

 
3,102

 
12,221

 
28,016

 
5,298

 
38,041

 
43,339

 
8,111

 
1972/1992
 
1995
Century Park Plaza
 
85,010

 
10,275

 
70,761

 
107,340

 
16,153

 
172,223

 
188,376

 
38,135

 
1972/1987
 
1999
Century Park West
 
15,953

 
3,717

 
29,099

 
466

 
3,667

 
29,615

 
33,282

 
5,608

 
1971
 
2007
Columbus Center
 
10,559

 
2,096

 
10,396

 
9,784

 
2,333

 
19,943

 
22,276

 
4,936

 
1987
 
2001
Coral Plaza
 
23,327

 
4,028

 
15,019

 
19,058

 
5,366

 
32,739

 
38,105

 
7,653

 
1981
 
1998
Cornerstone Plaza
 
39,388

 
8,245

 
80,633

 
6,447

 
8,263

 
87,062

 
95,325

 
16,359

 
1986
 
2007
Encino Gateway
 
51,463

 
8,475

 
48,525

 
54,185

 
15,653

 
95,532

 
111,185

 
22,840

 
1974/1998
 
2000
Encino Plaza
 
30,011

 
5,293

 
23,125

 
47,070

 
6,165

 
69,323

 
75,488

 
16,636

 
1971/1992
 
2000
Encino Terrace
 
67,307

 
12,535

 
59,554

 
96,825

 
15,533

 
153,381

 
168,914

 
36,149

 
1986
 
1999
Executive Tower
 
54,424

 
6,660

 
32,045

 
63,296

 
9,471

 
92,530

 
102,001

 
24,282

 
1989
 
1995
Gateway Los Angeles
 
28,429

 
2,376

 
15,302

 
48,314

 
5,119

 
60,873

 
65,992

 
13,423

 
1987
 
1994
Harbor Court
 

 
51

 
41,001

 
23,896

 

 
64,948

 
64,948

 
17,463

 
1994
 
2004
Honolulu Club
 
16,140

 
1,863

 
16,766

 
4,916

 
1,863

 
21,682

 
23,545

 
3,620

 
1980
 
2008
Landmark II
 
119,000

 
19,156

 
109,259

 
80,131

 
26,139

 
182,407

 
208,546

 
39,716

 
1989
 
1997
Lincoln/Wilshire
 
24,895

 
3,833

 
12,484

 
22,541

 
7,475

 
31,383

 
38,858

 
6,368

 
1996
 
2000
MB Plaza
 
28,091

 
4,533

 
22,024

 
31,968

 
7,503

 
51,022

 
58,525

 
12,959

 
1971/1996
 
1998
Douglas Emmett, Inc.
Schedule III (continued)
Consolidated Real Estate and Accumulated Depreciation

(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Initial Cost
 
Cost Capitalized Subsequent to Acquisition
 
 Gross Carrying Amount
at December 31, 2012
 
 
 
 
 
 
Property Name
 
Encumbrances at December 31, 2012
 
Land
 
Building & Improvements
 
Improvements
 
Land
 
Building & Improvements
 
Total
 
Accumulated Depreciation at December 31, 2012
 
Year Built / Renovated
 
Year Acquired
Office Properties (continued)
Olympic Center
 
27,968

 
5,473

 
22,850

 
32,461

 
8,247

 
52,537

 
60,784

 
12,428

 
1985/1996
 
1997
One Westwood
 
45,577

 
10,350

 
29,784

 
60,745

 
9,194

 
91,685

 
100,879

 
19,666

 
1987/2004
 
1999
Palisades Promenade
 
36,000

 
5,253

 
15,547

 
51,531

 
9,664

 
62,667

 
72,331

 
12,800

 
1990
 
1995
Saltair/San Vicente
 
15,472

 
5,075

 
6,946

 
16,949

 
7,557

 
21,413

 
28,970

 
5,175

 
1964/1992
 
1997
San Vicente Plaza
 
9,430

 
7,055

 
12,035

 
636

 
7,055

 
12,671

 
19,726

 
3,370

 
1985
 
2006
Santa Monica Square
 
25,487

 
5,366

 
18,025

 
20,395

 
6,863

 
36,923

 
43,786

 
8,046

 
1983/2004
 
2001
Second Street Plaza
 
35,802

 
4,377

 
15,277

 
35,889

 
7,421

 
48,122

 
55,543

 
12,168

 
1991
 
1997
Sherman Oaks Galleria
 
264,297

 
33,213

 
17,820

 
410,670

 
48,328

 
413,375

 
461,703

 
96,355

 
1981/2002
 
1997
Studio Plaza
 
115,591

 
9,347

 
73,358

 
129,449

 
15,015

 
197,139

 
212,154

 
44,188

 
1988/2004
 
1995
The Trillium
 
130,235

 
20,688

 
143,263

 
87,102

 
21,989

 
229,064

 
251,053

 
54,200

 
1988
 
2005
Tower at Sherman Oaks
 

 
4,712

 
15,747

 
38,496

 
8,685

 
50,270

 
58,955

 
12,616

 
1967/1991
 
1997
Valley Executive Tower
 
86,055

 
8,446

 
67,672

 
101,003

 
11,737

 
165,384

 
177,121

 
37,294

 
1984
 
1998
Valley Office Plaza
 
35,037

 
5,731

 
24,329

 
48,463

 
8,957

 
69,566

 
78,523

 
16,299

 
1966/2002
 
1998
Verona
 
14,300

 
2,574

 
7,111

 
14,386

 
5,111

 
18,960

 
24,071

 
4,666

 
1991
 
1997
Village on Canon
 
33,583

 
5,933

 
11,389

 
49,540

 
13,303

 
53,559

 
66,862

 
11,445

 
1989/1995
 
1994
Warner Center Towers
 
285,000

 
43,110

 
292,147

 
397,260

 
59,418

 
673,099

 
732,517

 
156,527

 
1982-1993/2004
 
2002
Westside Towers
 
80,216

 
8,506

 
79,532

 
79,046

 
14,568

 
152,516

 
167,084

 
35,105

 
1985
 
1998
Westwood Place
 
52,094

 
8,542

 
44,419

 
53,026

 
11,448

 
94,539

 
105,987

 
20,991

 
1987
 
1999
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Multifamily Properties
555 Barrington
 
43,440

 
6,461

 
27,639

 
40,974

 
14,903

 
60,171

 
75,074

 
12,194

 
1989
 
1999
Barrington Plaza
 
153,630

 
28,568

 
81,485

 
146,755

 
58,208

 
198,600

 
256,808

 
40,955

 
1963/1998
 
1998
Barrington/Kiowa
 
7,750

 
5,720

 
10,052

 
691

 
5,720

 
10,743

 
16,463

 
2,230

 
1974
 
2006
Barry
 
7,150

 
6,426

 
8,179

 
590

 
6,426

 
8,769

 
15,195

 
1,998

 
1973
 
2006
Kiowa
 
3,100

 
2,605

 
3,263

 
363

 
2,605

 
3,626

 
6,231

 
820

 
1972
 
2006
Moanalua Hillside Apartments
 
111,920

 
24,720

 
85,895

 
39,368

 
35,294

 
114,689

 
149,983

 
22,714

 
1968/2004
 
2005
Pacific Plaza
 
46,400

 
10,091

 
16,159

 
73,913

 
27,816

 
72,347

 
100,163

 
13,953

 
1963/1998
 
1999
The Shores
 
144,610

 
20,809

 
74,191

 
198,517

 
60,555

 
232,962

 
293,517

 
44,112

 
1965-67/2002
 
1999
Villas at Royal Kunia
 
82,000

 
42,887

 
71,376

 
15,497

 
35,165

 
94,595

 
129,760

 
21,988

 
1990/1995
 
2006
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ground Lease
Owensmouth/Warner
 

 
23,848

 

 

 
23,848

 

 
23,848

 

 
N/A
 
2006
TOTAL
 
$
3,441,140

 
$
585,562

 
$
2,651,419

 
$
3,549,556

 
$
851,679

 
$
5,934,858

 
$
6,786,537

 
$
1,304,468

 
 
 
 
The aggregate cost of total real estate for federal income tax purposes was approximately $3.91 billion at December 31, 2012.
Douglas Emmett, Inc.
Schedule III (continued)
Consolidated Real Estate and Accumulated Depreciation
(in thousands)
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31,
 
 
 
2012
 
2011
 
2010
Real Estate Assets
 
 
 
 
 
 
Balance, beginning of period
 
$
6,726,018

 
$
6,670,683

 
$
6,387,060

Additions:
property acquisitions
 

 

 
230,066

 
improvements
 
60,519

 
55,335

 
53,557

Balance, end of period
 
$
6,786,537

 
$
6,726,018

 
$
6,670,683

 
 
 
 
 
 
 
Accumulated Depreciation
 
 

 
 

 
 

Balance, beginning of period
 
$
(1,119,619
)
 
$
(913,923
)
 
$
(688,893
)
Additions:
depreciation
 
(184,849
)
 
(205,696
)
 
(225,030
)
Balance, end of period
 
$
(1,304,468
)
 
$
(1,119,619
)
 
$
(913,923
)