SCHEDULE III-Consolidated Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2012

SCHEDULE III-Consolidated Real Estate and Accumulated Depreciation

SCHEDULE III—Consolidated Real Estate and Accumulated Depreciation—(Continued)

(In Thousands)


	Year Ended December 31,
	2012			2011			2010
Real estate assets
Balance, beginning of period	$	1,687,276			1,165,097			968,332
Additions:
Property acquisitions		270,082			563,858			188,971
Improvements⁽¹⁾		41,303			13,595			8,383
Deductions:
Cost of Real Estate Sold		(57,188	)		(37,599	)		—
Other ⁽¹⁾⁽²⁾		(2,797	)		(17,675	)		(589	)

Balance, end of period	$	1,938,676		$	1,687,276		$	1,165,097

Accumulated depreciation
Balance, beginning of period	$	234,595		$	221,997		$	194,124
Additions—depreciation⁽¹⁾		47,792			42,498			28,462
Deductions:
Cost of Real Estate Sold		(9,216	)		(12,225	)		—
Other ⁽¹⁾⁽²⁾		(2,677	)		(17,675	)		(589	)

Balance, end of period	$	270,494		$	234,595		$	221,997

(1)

Includes discontinued operations for 160 King Street, which was sold on December 4, 2012 and Valencia Corporate Center, which was sold on August 30, 2011.

(2)

Other deductions for the years ended December 31, 2012, 2011 and 2010 represent the write-off of fully depreciated assets.

- Definition

The entire disclosure for real estate and accumulated depreciation. This may include a schedule that describes the property and lists the initial cost of land, buildings and improvements, improvements and carrying costs capitalized after acquisition, and the total carrying cost for land, buildings and improvements for each property and in aggregate. The schedule also lists the accumulated depreciation for each property and in aggregate, the date each property was constructed and acquired, the useful life used to calculate depreciation and any encumbrances on the properties. The entity provides a reconciliation of the carrying amount of real estate from the beginning of the period to the end of the period. Any real estate investments that have been written down or reserved against are described, including the basis of the write-down. A material amount of intercompany profit in the total carrying amount of real estate is disclosed. The aggregate cost of all real estate investments for federal income tax purposes is also disclosed.

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