Real Estate |
Real estate consists of: | | | | | | | | | | | | | | | | | | | | | | | | | | First Quarter-End 2016 | | Year-End 2015 | | Carrying Value | | Accumulated Depreciation | | Net Carrying Value | | Carrying Value | | Accumulated Depreciation | | Net Carrying Value | | (In thousands) | Entitled, developed and under development projects | $ | 352,369 |
| | $ | — |
| | $ | 352,369 |
| | $ | 352,141 |
| | $ | — |
| | $ | 352,141 |
| Undeveloped land (includes land in entitlement) | 96,875 |
| | — |
| | 96,875 |
| | 98,181 |
| | — |
| | 98,181 |
| Commercial | | | | |
| | | | | | | Radisson Hotel & Suites (a) | — |
| | — |
| | — |
| | 62,889 |
| | (29,268 | ) | | 33,621 |
| Income producing properties | | | | | | | | | | | | Eleven (a) | — |
| | — |
| | — |
| | 53,896 |
| | (2,861 | ) | | 51,035 |
| Dillon (a) | — |
| | — |
| | — |
| | 19,987 |
| | — |
| | 19,987 |
| Music Row (b) | — |
| | — |
| | — |
| | 9,947 |
| | — |
| | 9,947 |
| Downtown Edge | 12,991 |
| | — |
| | 12,991 |
| | 12,706 |
| | — |
| | 12,706 |
| West Austin | 9,118 |
| | — |
| | 9,118 |
| | 9,097 |
| | — |
| | 9,097 |
| | $ | 471,353 |
| | $ | — |
| | $ | 471,353 |
| | $ | 618,844 |
| | $ | (32,129 | ) | | $ | 586,715 |
|
___________________ | | (a) | Classified as assets held for sale at first quarter-end 2016. Please see Note 5—Held for Sale and Note 19—Subsequent Events. |
| | (b) | Sold in first quarter 2016. |
|