SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION

At December 31, 2016

(amounts in thousands)


					Initial Cost to Company				Gross Amounts at Which Carried at Close of Period
	Location		Encumbrance		Land		Building and Improvements		Land		Building and Improvements		Accumulated Depreciation (2)			Net Liquidation Adjustment (1)		Total		Date Acquired		Life
Office	Orlando	FL	$	34,950	$	—	$	17,248	$	—	$	17,290	$	(4,196	)			$	13,094		11/2004		40 yrs
Office	Plantation	FL		10,255		—		8,915		4,000		8,935		(2,169	)				10,766		11/2004		40 yrs
Office	Lisle	IL		—		3,774		16,371		3,774		9,751		(806	)				12,719		2/2006		40 yrs
Office	Lisle	IL		5,230		780		2,803		780		3,521		(690	)				3,611		2/2006		40 yrs
Other	Churchill	PA		4,601		—		23,834		—		11,705		(4,301	)				7,404		11/2004		40 yrs
Other	Houston	TX		45,000		16,167		88,769		16,167		86,033		(1,861	)				100,339		10/2013		40 yrs
Other	Oklahoma City	OK		8,790		1,328		13,351		1,328		13,754		—					15,082		10/2013		40 yrs
	Net Liquidation Adjustment (1)																23,637		23,637

	Total		$	108,826	$	22,049	$	171,291	$	26,049	$	150,989	$	(14,023	)	$	23,637	$	186,652

The changes in total real estate for the period January 1, 2016 thru December 31, 2016 are as follows:


Balance as of January 1, 2016	$	353,862
Capital expenditures		3,301
Consolidations		15,082
Liquidation adjustment, net		(52,590	)
Disposals		(129,095	)
Impairments		(3,908	)

Balance as of December 31, 2016 (liquidation basis)	$	186,652

(1)	Under the liquidation basis of accounting, our real estate holding are now carried at their estimated value. As a result, the net liquidation adjustment is the net adjustment that we have made to the carrying value of the property in order to reflect its fair value.

(2)	Depreciation expense will not be recorded subsequent to July 31, 2014 as a result of the adoption of our plan of liquidation.

The aggregate cost is the properties for federal income tax purposes was approximately $311,526.

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,
	2016			2015			2014
Real Estate
Balance at beginning of period	$	377,446		$	587,952		$	670,868
Additions during the period:
Other acquisitions		—			—			55,923
Improvements, etc.		3,301			3,632			10,273
Consolidation of property		15,082			—			—
Liquidation adjustment		—			—			166,603
Deductions during this period:
Cost of real estate sold		(138,656	)		(82,793	)		(99,679	)
Asset impairments		(3,908	)		—			(9,287	)
Deconsolidation of property		—			(118,765	)		(140,491	)
Liquidation adjustment		(52,590	)		(12,580	)		—
Disposal of fully amortized assets		—			—			(5,293	)
Transfer of discontinued operations		—			—			(60,965	)

Balance at end of period	$	200,675		$	377,446		$	587,952

Accumulated Depreciation
Balance at beginning of period	$	23,584		$	30,627		$	56,448
Additions charged to operating expenses		—			—			10,595
Disposal of properties		(9,561	)		(2,227	)		(5,268	)
Deconsolidation of property		—			(4,816	)		(16,017	)
Transfer to discontinued operations, net (1)		—			—			(9,838	)
Disposal of fully amortized assets		—			—			(5,293	)

Balance at end of period	$	14,023		$	23,584		$	30,627

(1)	In 2014, the Englewood, Colorado; Chicago, Illinois (River City); Louisville, Kentucky; and Amherst, New York properties were placed into discontinued operations.