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SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION
12 Months Ended
Dec. 31, 2015
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III Real Estate and Accumulated Depreciation
 
 
 
 
 
 
 
 
Initial Cost to Company
 
 
 
 
 
Cost Amount Carried at Close of Period
 
 
 
 
 
 
Property
 
City
 
State
 
Encumbrances(1)
 
Land
 
Buildings and
Improvements
 
Costs
Capitalized
Subsequent to
Acquisition, Net
Impairment/Write Downs
 
Land
 
Buildings and
Improvements
 
Total(2)
 
Accumulated
Depreciation(3)
 
Date
Acquired
 
Original
Construction
Date
785 Schilinger Road South
 
Mobile
 
AL
 

 
1,540

 
9,732

 
(3
)
 

 
1,540

 
9,729

 
11,269

 
1,990

 
10/22/2007
 
1998
Parkshore Plaza
 
Folsom
 
CA
 
41,275

 
4,370

 
41,749

 
3,063

 
(3
)
 
4,370

 
44,809

 
49,179

 
5,086

 
6/16/2011
 
1999
Leased Land
 
Gonzalez
 
CA
 

 
18,941

 
9,060

 
3,967

 

 
18,940

 
13,028

 
31,968

 
2,862

 
8/31/2010
 
-
Sky Park Centre
 
San Diego
 
CA
 

 
936

 
8,094

 
756

 

 
936

 
8,850

 
9,786

 
3,308

 
6/24/2002
 
1986
9110 East Nichols Avenue
 
Centennial
 
CO
 

 
1,708

 
14,616

 
4,002

 

 
1,708

 
18,618

 
20,326

 
6,438

 
11/2/2001
 
1984
1225 Seventeenth Street
 
Denver
 
CO
 

 
22,400

 
110,090

 
17,269

 

 
22,400

 
127,359

 
149,759

 
21,595

 
6/24/2009
 
1982
5073, 5075, & 5085 S. Syracuse Street
 
Denver
 
CO
 

 
4,720

 
58,890

 

 

 
4,720

 
58,890

 
63,610

 
8,343

 
4/16/2010
 
2007
1601 Dry Creek Drive
 
Longmont
 
CO
 

 
3,714

 
24,397

 
5,535

 

 
3,715

 
29,931

 
33,646

 
9,165

 
10/26/2004
 
1982
97 Newberry Road
 
East Windsor
 
CT
 
6,375

 
2,960

 
12,360

 
30

 

 
2,943

 
12,407

 
15,350

 
2,865

 
10/24/2006
 
1989
33 Stiles Lane
 
North Haven
 
CT
 
2,785

 
2,090

 
9,141

 
216

 
(1,654
)
 
1,799

 
7,994

 
9,793

 
2,161

 
10/24/2006
 
1970
1250 H Street, NW
 
Washington
 
DC
 

 
5,975

 
53,778

 
10,947

 
(2
)
 
5,975

 
64,723

 
70,698

 
26,030

 
6/23/1998
 
1992
Georgetown-Green and Harris Buildings
 
Washington
 
DC
 

 
24,000

 
35,979

 
44

 

 
24,000

 
36,023

 
60,023

 
5,700

 
9/3/2009
 
1960;1975
802 Delaware Avenue
 
Wilmington
 
DE
 

 
4,409

 
39,681

 
10,533

 
(11,156
)
 
3,390

 
40,077

 
43,467

 
23,091

 
7/23/1998
 
1986
6600 North Military Trail
 
Boca Raton
 
FL
 

 
15,900

 
129,790

 
123

 

 
15,900

 
129,913

 
145,813

 
16,224

 
1/11/2011
 
2008
Executive Park
 
Atlanta
 
GA
 

 
13,729

 
78,032

 
6,776

 
(54,313
)
 
10,954

 
33,270

 
44,224

 
14,859

 
7/16/2004; 7/26/2007
 
1972
633 Ahua Street
 
Honolulu
 
HI
 

 
1,256

 
3

 
18,054

 
(2,912
)
 
1,100

 
15,301

 
16,401

 
3,765

 
12/5/2003
 
2006
625 Crane Street
 
Aurora
 
IL
 

 
1,180

 
3,411

 
(2
)
 
(2,978
)
 
533

 
1,078

 
1,611

 
87

 
4/2/2007
 
1977
1200 Lakeside Drive
 
Bannockburn
 
IL
 

 
5,846

 
48,568

 
14,768

 
(7,610
)
 
5,858

 
55,714

 
61,572

 
12,601

 
12/29/2005
 
1999
600 West Chicago Avenue
 
Chicago
 
IL
 

 
34,980

 
315,643

 
12,058

 

 
34,980

 
327,701

 
362,681

 
35,679

 
8/10/2011
 
1908
8750 Bryn Mawr Avenue
 
Chicago
 
IL
 

 
6,600

 
77,764

 
7,400

 
(170
)
 
6,600

 
84,994

 
91,594

 
11,705

 
10/28/2010
 
1985
101-115 W. Washington Street
 
Indianapolis
 
IN
 

 
7,495

 
60,465

 
23,210

 

 
7,496

 
83,674

 
91,170

 
23,976

 
5/10/2005
 
1977
111 Monument Circle
 
Indianapolis
 
IN
 

 
9,670

 
158,085

 
8,556

 

 
9,670

 
166,641

 
176,311

 
13,115

 
10/22/2012
 
1959;1990
109 Brookline Avenue
 
Boston
 
MA
 

 
3,168

 
30,397

 
12,684

 

 
3,168

 
43,081

 
46,249

 
18,718

 
9/28/1995
 
1915
Cabot Business Park Land
 
Mansfield
 
MA
 

 
1,033

 

 

 

 
1,033

 

 
1,033

 

 
8/1/2003
 
-
111 Market Place
 
Baltimore
 
MD
 

 
6,328

 
54,645

 
16,152

 

 
6,328

 
70,797

 
77,125

 
24,753

 
1/28/2003
 
1990
25 S. Charles Street
 
Baltimore
 
MD
 

 
2,830

 
22,996

 
12,678

 

 
2,830

 
35,674

 
38,504

 
12,479

 
7/16/2004
 
1972
820 W. Diamond
 
Gaithersburg
 
MD
 

 
4,381

 
18,798

 
10,538

 
(35
)
 
4,461

 
29,221

 
33,682

 
11,487

 
3/31/1997
 
1995
Danac Stiles Business Park
 
Rockville
 
MD
 

 
7,638

 
62,572

 
6,329

 
(10,975
)
 
6,595

 
58,969

 
65,564

 
18,984

 
7/20/2004
 
2002
 
 
 
 
 
 
 
 
Initial Cost to Company
 
 
 
 
 
Cost Amount Carried at Close of Period
 
 
 
 
 
 
Property
 
City
 
State
 
Encumbrances(1)
 
Land
 
Buildings and
Improvements
 
Costs
Capitalized
Subsequent to
Acquisition, Net
Impairment/Write Downs
 
Land
 
Buildings and
Improvements
 
Total(2)
 
Accumulated
Depreciation(3)
 
Date
Acquired
 
Original
Construction
Date
East Eisenhower Parkway
 
Ann Arbor
 
MI
 

 
6,760

 
46,988

 
1,513

 

 
6,760

 
48,501

 
55,261

 
6,836

 
6/15/2010
 
1975;2006
2250 Pilot Knob Road
 
Mendota Heights
 
MN
 

 
533

 
4,795

 
1,202

 

 
533

 
5,997

 
6,530

 
2,643

 
3/19/1998
 
1995
411 Farwell Avenue
 
South St. Paul
 
MN
 

 
1,303

 
10,451

 
4,603

 

 
1,304

 
15,053

 
16,357

 
3,526

 
6/2/2004
 
1970
6200 Glenn Carlson Drive
 
St. Cloud
 
MN
 

 
1,950

 
13,803

 

 

 
1,950

 
13,803

 
15,753

 
2,156

 
10/15/2009
 
1999
4700 Belleview Avenue
 
Kansas City
 
MO
 

 
1,165

 
3,097

 
2,895

 

 
1,165

 
5,992

 
7,157

 
1,029

 
7/17/2008
 
1986
111 River Street (4)
 
Hoboken
 
NJ
 

 

 
134,199

 
1,871

 

 

 
136,070

 
136,070

 
21,630

 
8/11/2009
 
2002
North Point Office Complex
 
Cleveland
 
OH
 

 
12,000

 
94,448

 
18,136

 

 
12,000

 
112,584

 
124,584

 
22,363

 
2/12/2008
 
1985;1989;1990
Raintree Industrial Park
 
Solon
 
OH
 

 
1,808

 
16,620

 
2,270

 
(8,387
)
 
1,339

 
10,972

 
12,311

 
858

 
7/16/2004
 
1975
401 Vine Street
 
Delmont
 
PA
 

 
1,575

 
5,542

 

 

 
1,575

 
5,542

 
7,117

 
1,130

 
10/22/2007
 
1999
Cherrington Corporate Center
 
Moon Township
 
PA
 

 
11,369

 
39,892

 
28,367

 
(5,454
)
 
11,164

 
63,010

 
74,174

 
21,480

 
9/14/1998; 8/23/1999
 
1987;1988; 1989;1990;
1991;1992;
1994
1500 Market Street
 
Philadelphia
 
PA
 

 
18,758

 
167,487

 
104,542

 
(388
)
 
18,758

 
271,641

 
290,399

 
78,551

 
10/10/2002
 
1974
1525 Locust Street
 
Philadelphia
 
PA
 

 
931

 
8,377

 
1,902

 

 
930

 
10,280

 
11,210

 
4,122

 
6/11/1999
 
1987
1600 Market Street
 
Philadelphia
 
PA
 

 
3,462

 
111,946

 
18,259

 

 
3,462

 
130,205

 
133,667

 
55,534

 
3/30/1998
 
1983
1735 Market Street
 
Philadelphia
 
PA
 
169,612

 
24,753

 
222,775

 
52,107

 

 
24,747

 
274,888

 
299,635

 
121,238

 
6/30/1998
 
1990
Foster Plaza
 
Pittsburgh
 
PA
 

 
6,168

 
51,588

 
17,969

 

 
6,171

 
69,554

 
75,725

 
19,771

 
9/16/2005
 
1987;1990; 1994;
1995; 1996
128 Crews Drive
 
Columbia
 
SC
 

 
2,420

 
4,017

 
1,322

 
(4,012
)
 
1,024

 
2,723

 
3,747

 
489

 
4/2/2007
 
1968
111 Southchase Boulevard
 
Fountain Inn
 
SC
 

 
520

 
6,822

 
1,734

 
(2,912
)
 
390

 
5,774

 
6,164

 
1,531

 
5/23/2007
 
1987
1043 Global Avenue
 
Graniteville
 
SC
 

 
720

 
15,552

 
603

 

 
720

 
16,155

 
16,875

 
3,537

 
4/2/2007
 
1998
633 Frazier Drive
 
Franklin
 
TN
 

 
5,800

 
13,190

 
(10
)
 

 
5,800

 
13,180

 
18,980

 
2,711

 
10/22/2007
 
1999
1601 Rio Grande Street
 
Austin
 
TX
 

 
688

 
6,192

 
1,539

 
(23
)
 
697

 
7,699

 
8,396

 
3,106

 
6/3/1999
 
1985
206 East 9th Street
 
Austin
 
TX
 
27,515

 
7,900

 
38,533

 
2,166

 

 
7,900

 
40,699

 
48,599

 
3,702

 
5/31/2012
 
1984
4515 Seton Center Parkway
 
Austin
 
TX
 

 
2,038

 
18,338

 
2,731

 

 
2,037

 
21,070

 
23,107

 
9,110

 
10/8/1999
 
1997
4516 Seton Center Parkway
 
Austin
 
TX
 

 
2,028

 
18,251

 
3,022

 

 
2,027

 
21,274

 
23,301

 
9,681

 
10/8/1999
 
1985
7800 Shoal Creek Boulevard
 
Austin
 
TX
 

 
1,731

 
14,921

 
4,614

 
(14
)
 
1,731

 
19,521

 
21,252

 
7,672

 
6/30/1999
 
1974
812 San Antonio Street
 
Austin
 
TX
 

 
626

 
5,636

 
2,564

 

 
621

 
8,205

 
8,826

 
3,115

 
8/18/1999
 
1987
8701 N Mopac
 
Austin
 
TX
 

 
1,574

 
14,168

 
2,677

 

 
1,573

 
16,846

 
18,419

 
6,751

 
8/3/1999
 
1982
Bridgepoint Parkway
 
Austin
 
TX
 

 
7,784

 
70,526

 
10,214

 
(97
)
 
7,785

 
80,642

 
88,427

 
37,559

 
12/5/1997
 
1986;1996;1997
 
 
 
 
 
 
 
 
Initial Cost to Company
 
 
 
 
 
Cost Amount Carried at Close of Period
 
 
 
 
 
 
Property
 
City
 
State
 
Encumbrances(1)
 
Land
 
Buildings and
Improvements
 
Costs
Capitalized
Subsequent to
Acquisition, Net
Impairment/Write Downs
 
Land
 
Buildings and
Improvements
 
Total(2)
 
Accumulated
Depreciation(3)
 
Date
Acquired
 
Original
Construction
Date
Lakewood on the Park
 
Austin
 
TX
 

 
3,548

 
31,936

 
1,704

 
(77
)
 
3,548

 
33,563

 
37,111

 
14,554

 
10/20/1998
 
1998
Research Park
 
Austin
 
TX
 

 
15,859

 
60,175

 
14,601

 

 
18,411

 
72,224

 
90,635

 
29,564

 
10/7/1998
 
1968;1998; 2001
9840 Gateway Boulevard North
 
El Paso
 
TX
 

 
1,700

 
9,736

 
(4
)
 

 
1,700

 
9,732

 
11,432

 
1,996

 
10/22/2007
 
1999
3003 South Expressway 281
 
Hidalgo
 
TX
 

 
1,480

 
15,533

 
(9
)
 

 
1,480

 
15,524

 
17,004

 
3,193

 
10/22/2007
 
1999
3330 N Washington Boulevard
 
Arlington
 
VA
 

 
810

 
7,289

 
724

 

 
811

 
8,012

 
8,823

 
3,304

 
8/26/1998
 
1987
333 108th Avenue NE
 
Bellevue
 
WA
 

 
14,400

 
136,412

 
1,745

 

 
14,400

 
138,157

 
152,557

 
22,060

 
11/12/2009
 
2008
600 108th Avenue NE
 
Bellevue
 
WA
 

 
3,555

 
30,244

 
14,252

 

 
3,555

 
44,496

 
48,051

 
11,904

 
7/16/2004
 
1980
1331 North Center Parkway
 
Kennewick
 
WA
 

 
1,850

 
7,339

 
(2
)
 

 
1,850

 
7,337

 
9,187

 
1,506

 
10/22/2007
 
1999
100 East Wisconsin Avenue
 
Milwaukee
 
WI
 

 
3,150

 
72,113

 
7,733

 

 
3,150

 
79,846

 
82,996

 
11,433

 
8/11/2010
 
1989
111 East Kilbourn Avenue
 
Milwaukee
 
WI
 

 
2,400

 
47,562

 
5,143

 

 
2,400

 
52,705

 
55,105

 
10,528

 
6/12/2008
 
1988
 
 
 
 
 
 
$
247,562

 
$
394,913

 
$
3,065,229

 
$
540,382

 
$
(113,172
)
 
$
389,410

 
$
3,497,942

 
$
3,887,352

 
$
898,939

 
 
 
 
Analysis of the carrying amount of real estate properties and accumulated depreciation:
 
Real Estate
Properties
 
Accumulated
Depreciation
Balance at January 1, 2013
$
7,829,409

 
$
1,007,606

Additions(5)
231,485

 
176,777

Loss on asset impairment
(384,141
)
 
(185,795
)
Deconsolidation of SIR
(1,446,781
)
 
(56,023
)
Properties reclassified to discontinued operations
(552,024
)
 
(15,471
)
Disposals
(140,783
)
 
(32,035
)
Balance at December 31, 2013
5,537,165

 
895,059

Additions(5)
70,963

 
164,815

Loss on asset impairment
(191,490
)
 
(6,423
)
Properties reclassified to continuing operations
341,024

 
5,724

Disposals
(29,219
)
 
(28,730
)
Balance at December 31, 2014
5,728,443

 
1,030,445

Additions(5)
68,118

 
144,844

Loss on asset impairment
(17,162
)
 

Disposals
(1,892,047
)
 
(276,350
)
Balance at December 31, 2015
$
3,887,352

 
$
898,939


(1)
Excludes net unamortized premiums and discounts.
(2)
Excludes value of real estate intangibles. Aggregate cost for federal income tax purposes is approximately $4,160,805.
(3)
Depreciation is calculated using the straight line method over estimated useful lives of up to 40 years for buildings and improvements and up to 12 years for personal property.
(4)
Property is subject to a ground lease.
(5)
Includes adjustments to real estate properties additions of $(13,217), $(20,445) and $(40,020), and adjustments to accumulated depreciation additions of $(887), $(1,279) and $(1,528), related to changes in foreign currency exchange rates during 2015, 2014 and 2013, respectively.