SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION

At December 31, 2018

(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
Other	Churchill,	PA		3,979		—		23,834		—		11,705		(4,301	)				7,404		11/2004		40 yrs
	Net Liquidation Adjustment (1)																2,520		2,520

	Total		$	3,979	$	—	$	23,834	$	—	$	11,705	$	(4,301	)	$	2,520	$	9,924

The changes in total real estate for the period January 1, 2018 thru December 31, 2018 are as follows:


Balance as of January 1, 2018	$	32,976,000
Liquidation adjustment, net	$	(7,114,000	)
Disposals	$	(15,938,000	)

Balance as of December 31, 2018 (liquidation basis)	$	9,924,000

(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.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION

(amounts in thousands, unaudited)

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


	Year Ended December 31,
	2018			2017			2016
Real Estate
Balance at beginning of period	$	40,136		$	200,675		$	377,446
Additions during the period:
Improvements, etc.		—			(313	)		3,301
Consolidation of property		—			—			15,082
Deductions during this period:
Cost of real estate sold		(18,797	)		(144,923	)		(138,656	)
Asset impairments		—			(2,861	)		(3,908	)
Liquidation adjustment		(7,114	)		(12,442	)		(52,590	)

Balance at end of period	$	14,225		$	40,136		$	200,675

Accumulated Depreciation
Balance at beginning of period	$	7,160		$	14,023		$	23,584
Disposal of properties		(2,859	)		(6,863	)		(9,561	)

Balance at end of period	$	4,301		$	7,160		$	14,023