Schedule III - Real Estate Investments

12 Months Ended

Dec. 31, 2015

Schedule III - Real Estate Iinvestments [Abstract]

Schedule III - Real Estate Iinvestments

QTS REALTY TRUST, INC.
QUALITYTECH, LP

CONSOLIDATED FINANCIAL STATEMENTS

SCHEDULE III – REAL ESTATE INVESTMENTS

December 31, 2015

As of December 31, 2015
(dollars in thousands)	Initial Costs			Costs Capitalized Subsequent to Acquisition			Gross Carrying Amount
Property Location	Land	Buildings and Improvements	Construction in Progress	Land	Buildings and Improvements	Construction in Progress	Land	Buildings and Improvements	Construction in Progress	Accumulated Depreciation and Amortization	Date of Acquisition
Owned Properties
Suwanee, Georgia	$                 1,395	$                 29,802	$                    -	$                     2,126	$                  120,226	$               15,330	$                  3,521	$              150,028	$                15,330	$                   (50,038)	9/1/2005
Atlanta, Georgia (Metro)	12,647	35,473	-	2,749	370,717	41,835	15,396	406,190	41,835	(95,856)	10/3/2006
Santa Clara, California	-	15,838	-	-	78,599	1,379	-	94,437	1,379	(28,524)	11/1/2007
Richmond, Virginia	2,000	11,200	-	180	197,454	85,771	2,180	208,654	85,771	(23,918)	3/20/2010
Sacramento, California	1,481	52,753	-	-	8,709	73	1,481	61,462	73	(4,956)	12/21/2012
Princeton, New Jersey	17,976	35,865	-	2,724	(3,157)	422	20,700	32,708	422	(1,284)	6/30/2014
Dallas-Fort Worth, Texas	-	5,808	-	8,590	65,975	120,331	8,590	71,783	120,331	(4,468)	2/8/2013
Chicago, Illinois	-	-	17,764	-	-	52,985	-	-	70,749	-	7/8/2014
Miami, Florida	1,777	6,955	-	-	23,599	144	1,777	30,554	144	(8,101)	3/6/2008
Lenexa, Kansas	400	3,100	-	37	411	-	437	3,511	-	(108)	6/3/2011
Duluth, Georgia Office Building	1,900	1,920	-	-	-	-	1,900	1,920	-	-	12/30/2015
	$               39,575	$               198,714	$           17,764	$                   16,407	$                  862,533	$             318,270	$                55,982	$           1,061,247	$              336,034	$                 (217,253)
Leased Properties
Leased facilities acquired in 2015	1,130	78,897	12,127	-	11,092	(4,931)	1,130	89,989	7,196	(8,758)	6/16/2015
Jersey City, New Jersey	-	1,985	-	-	26,243	2,421	-	28,228	2,421	(13,273)	11/1/2006
Overland Park, Kansas	-	-	-	-	922	4	-	922	4	(652)
	1,130	80,882	12,127	-	38,257	(2,506)	1,130	119,139	9,621	(22,683)
	$               40,705	$               279,596	$           29,891	$                   16,407	$                  900,790	$             315,764	$                57,112	$           1,180,386	$              345,655	$                 (239,936)

The following table reconciles the historical cost and accumulated depreciation for the years ended December 31, 2015, 2014 and 2013 (in thousands):

	Years Ended December 31,
	2015	2014	2013
Property
Balance, beginning of period	$             1,177,582	$                905,735	$                734,828
Disposals	(1,790)	(54)	-
Additions (acquisitions and improvements)	407,361	271,901	170,907
Balance, end of period	$             1,583,153	$             1,177,582	$                905,735
Accumulated depreciation
Balance, beginning of period	$               (180,167)	$               (137,725)	$               (102,900)
Disposals	626	39	-
Additions (depreciation and amortization expense)	(60,395)	(42,481)	(34,825)
Balance, end of period	$               (239,936)	$               (180,167)	$               (137,725)