XML 30 R33.htm IDEA: XBRL DOCUMENT

Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2012

Real Estate and Accumulated Depreciation [Abstract]

REAL ESTATE AND ACCUMULATED DEPRECIATION

WINTHROP REALTY TRUST

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION

At December 31, 2012

(amounts in thousands)


										Initial Cost to Registrant								Cost capitalized/ (impaired) subsequent to acquisition				As of December 31, 2012
Description		Location		Location		Mortgage Encumbrances				Land				Building and Improvements				Land/Building and Improvements				Land				Building and Improvements				Total				Accumulated Depreciation				Date Acquired				Life

Continuing Operations:

Office		Orlando		FL		$	37,580			$	—			$	17,248			$	42			$	—			$	17,290			$	17,290			$	3,512				11/2004				40 yrs
Office		Plantation		FL			10,811				—				8,915				4,020				4,000				8,935				12,935				1,815				11/2004				40 yrs
Office		Chicago		IL			20,200				—				23,635				2,388				—				26,023				26,023				4,986				10/2005				40 yrs
Office		Amherst		NY			15,225				1,591				18,027				7				1,591				18,034				19,625				3,436				5/2005				40 yrs
Office		Andover		MA			—				—				7,611				718				1,200				7,129				8,329				1,417				12/2005				40 yrs
Office		South Burlington		VT			—				—				3,099				309				—				3,408				3,408				578				12/2005				40 yrs
Office		Chicago		IL			8,700				1,149				9,989				5,619				1,149				15,608				16,757				2,037				10/2007				40 yrs
Office		Houston		TX			52,052				7,075				62,468				—				7,075				62,468				69,543				12,624				1/2005				40 yrs
Office		Lisle		IL			5,752				3,774				16,371				2,406				3,774				18,777				22,551				3,167				2/2006				40 yrs
Office		Lisle		IL			—				2,361				6,298				(2,366	)			2,361				3,932				6,293				1,007				2/2006				40 yrs
Office		Lisle		IL			5,543				780				2,803				673				780				3,476				4,256				540				2/2006				40 yrs
Office		Phoenix		AZ			—				801				7,387				3,858				801				11,245				12,046				1,446				8/2010				40 yrs
Office		Englewood		CO			—				2,580				5,403				3,242				2,580				8,645				11,225				806				11/2010				40 yrs
Office		Englewood		CO			—				1,829				5,612				692				1,829				6,304				8,133				579				12/2010				40 yrs
Office		New York		NY			51,982				—				52,778				7,598				—				60,376				60,376				1,937				11/2011				40 yrs
Office		Cerritos		CA			23,184				4,114				16,190				1,276				4,114				17,466				21,580				157				10/2012				40 yrs

							231,029				26,054				263,834				30,482				31,254				289,116				320,370				40,044

Retail		Atlanta		GA			—				—				4,633				(1,733	)			—				2,900				2,900				942				11/2004				40 yrs
Retail		Louisville		KY			—				—				2,722				376				373				2,725				3,098				554				11/2004				40 yrs
Retail		Greensboro		NC			—				—				3,797				4				—				3,801				3,801				772				11/2004				40 yrs
Retail		Denton		TX			—				—				1,574				546				915				1,205				2,120				344				11/2004				40 yrs
Retail		Seabrook		TX			—				—				1,393				619				616				1,396				2,012				283				11/2004				40 yrs

							—				—				14,119				(188	)			1,904				12,027				13,931				2,895

Warehouse		Jacksonville		FL			—				2,166				8,684				1,771				2,166				10,455				12,621				2,195				11/2004				40 yrs
Mixed use		Churchill		PA			—				—				23,834				(14,129	)			—				9,705				9,705				3,960				11/2004				40 yrs
Multi-family		Meriden		CT			21,000				2,887				22,367				299				2,887				22,666				25,553				1,880				10/2010				40 yrs
Multi-family		Memphis		TN			13,408				3,080				17,485				801				3,080				18,286				21,366				470				4/2012				40 yrs
Multi-family		Greensboro		NC			15,139				1,961				16,482				—				1,961				16,482				18,443				109				11/2012				40 yrs

							49,547				10,094				88,852				(11,258	)			10,094				77,594				87,688				8,614

Total from Continuing Operations						$	280,576			$	36,148			$	366,805			$	19,036			$	43,252			$	378,737			$	421,989			$	51,553

The aggregate cost in the properties for federal income tax purposes was approximately $381,998.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION

(amounts in thousands)

The following is a reconciliation of real estate assets and accumulated depreciation:


		Year Ended December 31,
		2012				2011				2010
Real Estate
Balance at beginning of period		$	363,832			$	308,499			$	249,078
Additions during the period:
Land			—				—				9,408
Buildings and improvements			12,417				11,962				6,121
Consolidation of 450 West 14th Street			(26	)			52,778				—
Consolidation of Deer Valley			—				—				8,188
Consolidation of Newbury Apartments			—				—				25,254
Consolidation of Crossroads II			—				—				7,983
Purchase of Waterford			20,565				—				—
Purchase of Lake Brandt			18,443				—				—
Purchase of Cerritos			20,304				—				—
Proceeds from sale of Churchill			(629	)			—				—
Purchase of Crossroads I			—				—				7,441
Transfer (to) from discontinued operations			(10,058	)			(1,639	)			(3,970	)
Impairments during the period			(2,562	)			(7,600	)			—
Disposal of fully amortized assets			(297	)			(168	)			(1,004	)

Balance at end of period		$	421,989			$	363,832			$	308,499

Accumulated Depreciation
Balance at beginning of period		$	44,556			$	36,232			$	31,269
Additions charged to operating expenses			11,207				8,644				6,399
Transfer (to) from discontinued operations, net (1)			(3,913	)			(152	)			(432	)
Disposal of fully amortized assets			(297	)			(168	)			(1,004	)

Balance at end of period		$	51,553			$	44,556			$	36,232

(1)

In 2012, the Indianapolis, Indiana and Memphis, Tennessee properties were placed into discontinued operations. In 2011, the St. Louis, Missouri property was placed into discontinued operations. In 2010, the Lafayette, Louisiana; Knoxville, Tennessee; and Sherman, Texas properties were placed into discontinued operations. In 2009, the Athens, Georgia property was placed into discontinued operations and the Kansas City, Kansas property was foreclosed.

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.

+ References+ Details