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SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION
12 Months Ended
Dec. 31, 2013
SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION  
SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2013

(dollars in thousands)

 
   
   
   
   
  Initial Cost to Company    
   
  Cost Amount Carried at Close of Period    
   
   
 
   
   
   
   
  Costs
Capitalized
Subsequent to
Acquisition, Net
   
   
   
   
Property
  City   State   Property
Location
  Encumbrances(1)   Land   Buildings and
Improvements
  Impairment/
Write Downs
  Land   Buildings and
Improvements
  Total(2)   Accumulated
Depreciation(3)
  Date
Acquired
  Original
Construction
Date

2501 20th Place South

  Birmingham   AL   CBD   $ 11,241   $ 4,000   $ 19,604   $ 475   $   $ 4,002   $ 20,077   $ 24,079   $ 3,579   12/27/2006   2001

420 20th Street North

  Birmingham   AL   CBD         1,740     49,565     4,213         1,740     53,778     55,518     3,206   7/29/2011   1986

Inverness Center

  Birmingham   AL   Suburban         8,525     38,367     3,506         8,525     41,873     50,398     3,827   12/9/2010   1980;1981;1982

785 Schilinger Road South

  Mobile   AL   Suburban         1,540     9,732     (3 )       1,540     9,729     11,269     1,503   10/22/2007   1998

Arizona Center

  Phoenix   AZ   CBD         22,614     64,105     5,485         22,614     69,590     92,204     4,782   3/4/2011   1990;1998

4 South 84th Avenue

  Tolleson   AZ   Suburban         1,257     9,210     696         1,257     9,906     11,163     2,392   12/19/2003   1989

One South Church Avenue

  Tucson   AZ   CBD         3,261     26,357     2,728         3,261     29,085     32,346     8,214   2/27/2002   1986

Parkshore Plaza

  Folsom   CA   Suburban     43,266     4,370     41,749     371         4,370     42,120     46,490     2,669   6/16/2011   1999

Leased Land

  Gonzalez   CA   Suburban         18,941     9,060     3,822         18,939     12,884     31,823     1,689   8/31/2010  

Sky Park Centre

  San Diego   CA   Suburban         936     8,094     756         935     8,851     9,786     2,751   6/24/2002   1986

Sorrento Valley Business Park

  San Diego   CA   Suburban         1,425     12,842     3,316         1,425     16,158     17,583     6,340   12/31/1996   1984

1921 E. Alton Avenue

  Santa Ana   CA   Suburban         1,363     10,158     (3 )       1,362     10,156     11,518     2,627   11/10/2003   2000

9110 East Nichols Avenue

  Centennial   CO   Suburban         1,708     14,616     3,960         1,707     18,577     20,284     5,040   11/2/2001   1984

7450 Campus Drive

  Colorado Springs   CO   Suburban         1,250     7,982     249         1,250     8,231     9,481     733   4/30/2010   1996

1225 Seventeenth Street

  Denver   CO   CBD         22,400     110,090     10,705         22,400     120,795     143,195     13,730   6/24/2009   1982

5073, 5075, & 5085 S. Syracuse Street

  Denver   CO   Suburban         4,720     58,890             4,720     58,890     63,610     5,398   4/16/2010   2007

1601 Dry Creek Drive

  Longmont   CO   Suburban         3,714     24,397     4,156         3,715     28,552     32,267     7,025   10/26/2004   1982

129 Worthington Ridge Road

  Berlin   CT   Suburban         2,770     8,409     1,161     (7,088 )   1,114     4,138     5,252     451   10/24/2006   1968

97 Newberry Road

  East Windsor   CT   Suburban     7,240     2,960     12,360     30         2,943     12,407     15,350     2,245   10/24/2006   1989

185 Asylum Street

  Hartford   CT   CBD         15,930     60,312     820         15,930     61,132     77,062     2,661   3/30/2012   1983

599 Research Parkway

  Meriden   CT   Suburban         768     6,164     1,160         768     7,324     8,092     1,684   7/24/2003   1982

33 Stiles Lane

  North Haven   CT   Suburban     3,456     2,090     9,141     216         2,091     9,356     11,447     1,689   10/24/2006   1970

181 Marsh Hill Road

  Orange   CT   Suburban         2,270     7,943     419         2,271     8,361     10,632     1,446   10/24/2006   1993

50 Barnes Industrial Road North

  Wallingford   CT   Suburban         2,300     8,621     2,937         2,301     11,557     13,858     2,071   10/24/2006   1976

5-9 Barnes Industrial Road

  Wallingford   CT   Suburban         740     2,552     37         741     2,588     3,329     475   10/24/2006   1980

860 North Main Street

  Wallingford   CT   Suburban         680     3,144     990         680     4,134     4,814     813   10/24/2006   1982

One Barnes Industrial Road South

  Wallingford   CT   Suburban         800     2,251     5         800     2,256     3,056     409   10/24/2006   1977

100 Northfield Drive

  Windsor   CT   Suburban         1,376     11,212     2,911         1,376     14,123     15,499     4,039   8/29/2003   1988

1250 H Street, NW

  Washington   DC   CBD         5,975     53,778     4,560         5,975     58,338     64,313     22,313   6/23/1998   1992

Georgetown-Green and Harris Buildings

  Washington   DC   CBD         24,000     35,979     21         24,000     36,000     60,000     3,897   9/3/2009   1960;1975

802 Delaware Avenue

  Wilmington   DE   CBD         4,409     39,681     10,320         4,413     49,997     54,410     20,423   7/23/1998   1986

6600 North Military Trail

  Boca Raton   FL   Suburban         15,900     129,790             15,900     129,790     145,690     9,734   1/11/2011   2008

225 Water Street

  Jacksonville   FL   CBD     38,693     1,480     43,770     3,020         1,480     46,790     48,270     6,280   11/24/2008   1985

The Exchange

  Atlanta   GA   Suburban         1,576     13,134     3,195         1,577     16,328     17,905     3,822   9/9/2004;9/2/2005   1974;1983

9040 Roswell Road

  Atlanta   GA   Suburban         2,459     18,549     2,153         2,463     20,698     23,161     4,801   8/24/2004   1985

Executive Park

  Atlanta   GA   Suburban         13,729     78,032     5,567     (34,109 )   13,727     49,492     63,219     12,434   7/16/2004;7/26/2007   1972

3920 Arkwright Road

  Macon   GA   Suburban     11,976     2,674     19,311     2,401         2,675     21,711     24,386     4,178   4/28/2006   1988

1775 West Oak Commons Court

  Marietta   GA   Suburban         2,190     6,586     985         2,190     7,571     9,761     1,110   9/5/2007   1998

633 Ahua Street

  Honolulu   HI   Suburban         1,256     3     18,047         1,256     18,050     19,306     2,945   12/5/2003   2006

905 Meridian Lake Drive

  Aurora   IL   Suburban         1,740     13,586     52         1,740     13,638     15,378     2,265   5/1/2007   1999

1200 Lakeside Drive

  Bannockburn   IL   Suburban         5,846     48,568     10,422         5,858     58,978     64,836     10,688   12/29/2005   1999

Illinois Center

  Chicago   IL   CBD     151,364     66,757     239,143     22,347         66,757     261,490     328,247     15,082   5/11/2011;1/9/2012   1970;1972

600 West Chicago Avenue

  Chicago   IL   CBD     273,506     34,980     315,643     1,775         34,989     317,409     352,398     19,213   8/10/2011   1908

8750 Bryn Mawr Avenue

  Chicago   IL   Suburban         6,600     77,764     4,292         6,600     82,056     88,656     6,652   10/28/2010   1985

1955 West Field Court

  Lake Forest   IL   Suburban         1,258     9,630     2,990         1,261     12,617     13,878     2,495   12/14/2005   2001

101-115 W. Washington Street

  Indianapolis   IN   CBD         7,495     60,465     20,429         7,496     80,893     88,389     18,710   5/10/2005   1977

111 Monument Circle

  Indianapolis   IN   CBD     120,885     9,670     158,085     1,577         9,670     159,662     169,332     4,617   10/22/2012   1959;1990

5015 S. Water Circle

  Wichita   KS   Suburban         2,720     2,029     1,124         2,719     3,154     5,873     570   4/2/2007   1995

701 Poydras Street

  New Orleans   LA   CBD         9,100     78,540     4,908         9,100     83,448     92,548     4,892   8/29/2011   1972

109 Brookline Avenue

  Boston   MA   CBD         3,168     30,397     13,591         3,168     43,988     47,156     18,354   9/28/1995   1915

Cabot Business Park Land

  Mansfield   MA   Suburban         1,033                 1,033         1,033       8/1/2003  

2300 Crown Colony Drive

  Quincy   MA   Suburban         774     5,815     1,529         779     7,339     8,118     2,073   2/24/2004   1999

340 Thompson Road

  Webster   MA   Suburban         315     2,834     39         315     2,873     3,188     1,196   5/15/1997   1995

100 South Charles Street

  Baltimore   MD   CBD             12,430     3,840             16,270     16,270     6,069   11/18/1997   1988

111 Market Place

  Baltimore   MD   CBD         6,328     54,645     14,343         6,328     68,988     75,316     19,409   1/28/2003   1990

25 S. Charles Street

  Baltimore   MD   CBD         2,830     22,996     12,672         2,830     35,668     38,498     9,839   7/16/2004   1972

820 W. Diamond

  Gaithersburg   MD   Suburban         4,381     18,798     9,959         4,461     28,677     33,138     9,245   3/31/1997   1995

6710 Oxon Hill

  Oxon Hill   MD   Suburban         3,181     13,653     2,845         3,131     16,548     19,679     6,668   3/31/1997   1992

Danac Stiles Business Park

  Rockville   MD   Suburban         7,638     62,572     5,077         7,639     67,648     75,287     14,982   7/20/2004   2002

East Eisenhower Parkway

  Ann Arbor   MI   Suburban         6,760     46,988     982         6,760     47,970     54,730     4,252   6/15/2010   1975;2006

2250 Pilot Knob Road

  Mendota Heights   MN   Suburban         533     4,795     1,103         533     5,898     6,431     2,179   3/19/1998   1995

9800 Shelard Parkway

  Plymouth   MN   Suburban         563     5,064     1,022         563     6,086     6,649     2,367   8/3/1999   1987

Rosedale Corporate Plaza

  Roseville   MN   Suburban         1,860     16,750     8,949         1,859     25,700     27,559     7,541   12/1/1999   1987

411 Farwell Avenue

  South St. Paul   MN   Suburban         1,303     10,451     3,949         1,304     14,399     15,703     2,613   6/2/2004   1970

6200 Glenn Carlson Drive

  St. Cloud   MN   Suburban     7,987     1,950     13,803             1,950     13,803     15,753     1,467   10/15/2009   1999

1000 Shelard Parkway

  St. Louis Park   MN   Suburban         695     6,254     2,004         695     8,258     8,953     3,018   8/3/1999   1986

525 Park Street

  St. Paul   MN   CBD         696     6,263     1,669         695     7,933     8,628     3,150   8/3/1999   1987

1900 Meyer Drury Drive

  Arnold   MO   Suburban         834     7,302     475         838     7,773     8,611     1,830   2/11/2004   1999

4700 Belleview Avenue

  Kansas City   MO   Suburban         1,165     3,097     2,110         1,165     5,207     6,372     601   7/17/2008   1986

131-165 West Ninth Street

  N. Kansas City   MO   Suburban         494     959     300         494     1,259     1,753     165   7/17/2008   1970

12655 Olive Boulevard

  St. Louis   MO   Suburban         4,800     8,020     1,690         4,801     9,709     14,510     1,633   10/5/2006   1988

1285 Fern Ridge Parkway

  St. Louis   MO   Suburban         903     7,602     1,110         903     8,712     9,615     2,162   11/7/2003   1998

300 North Greene Street

  Greensboro   NC   CBD         2,070     37,073     1,184         2,070     38,257     40,327     3,228   9/14/2010   1989

111 River Street

  Hoboken   NJ   CBD             134,199     201             134,400     134,400     14,836   8/11/2009   2002

5 Paragon Drive

  Montvale   NJ   Suburban         3,650     13,725     309         3,650     14,034     17,684     1,010   2/11/2011   1984

One Park Square

  Albuquerque   NM   CBD         2,582     21,532     4,668         2,582     26,200     28,782     7,492   2/12/2002   1985;1987

North Point Office Complex

  Cleveland   OH   CBD         12,000     94,448     14,954         12,000     109,402     121,402     15,380   2/12/2008   1985;1989;1990

401 Vine Street

  Delmont   PA   Suburban         1,575     5,542             1,575     5,542     7,117     853   10/22/2007   1999

515 Pennsylvania Avenue

  Fort Washington   PA   Suburban         1,872     8,816     4,291         1,872     13,107     14,979     4,331   9/22/1997   1958

443 Gulph Road

  King of Prussia   PA   Suburban         634     3,251     1,070         634     4,321     4,955     1,932   9/22/1997   1966

4350 Northern Pike

  Monroeville   PA   Suburban         6,558     51,775     16,895         6,564     68,664     75,228     13,106   9/16/2004   1971

Cherrington Corporate Center

  Moon Township   PA   Suburban         11,369     39,892     18,008         12,192     57,077     69,269     17,405   9/14/1998;8/23/1999   1987;1988;1989;
1990;1991;1992;
1994

1500 Market Street

  Philadelphia   PA   CBD         18,758     167,487     89,351         18,758     256,838     275,596     63,340   10/10/2002   1974

1525 Locust Street

  Philadelphia   PA   CBD         931     8,377     1,605         930     9,983     10,913     3,341   6/11/1999   1987

1600 Market Street

  Philadelphia   PA   CBD         3,462     111,946     24,590         3,462     136,536     139,998     55,731   3/30/1998   1983

1735 Market Street

  Philadelphia   PA   CBD     173,247     24,753     222,775     49,206         24,747     271,987     296,734     104,277   6/30/1998   1990

Foster Plaza

  Pittsburgh   PA   Suburban         6,168     51,588     13,209         6,169     64,796     70,965     13,813   9/16/2005   1987;1990;1994;
1995;1996

128 Crews Drive

  Columbia   SC   Suburban         2,420     4,017     1,321     (4,012 )   1,024     2,722     3,746     279   4/2/2007   1968

1320 Main Street

  Columbia   SC   CBD     41,480     1,660     53,058     25         1,660     53,083     54,743     1,661   9/18/2012   2004

111 Southchase Boulevard

  Fountain Inn   SC   Suburban         520     6,822     967         520     7,789     8,309     1,195   5/23/2007   1987

1043 Global Avenue

  Graniteville   SC   Suburban         720     15,552     358         720     15,910     16,630     2,603   4/2/2007   1998

633 Frazier Drive

  Franklin   TN   Suburban         5,800     13,190     (10 )       5,800     13,180     18,980     2,052   10/22/2007   1999

775 Ridge Lake Boulevard

  Memphis   TN   CBD         2,113     18,201     499         2,114     18,699     20,813     4,539   4/28/2004   2000

1601 Rio Grande Street

  Austin   TX   CBD         688     6,192     1,160         697     7,343     8,040     2,637   6/3/1999   1985

206 East 9th Street

  Austin   TX   CBD     30,169     7,900     38,533     1,201         7,900     39,734     47,634     1,531   5/31/2012   1984

4515 Seton Center Parkway

  Austin   TX   Suburban         2,038     18,338     2,779         2,037     21,118     23,155     7,785   10/8/1999   1997

4516 Seton Center Parkway

  Austin   TX   Suburban         2,028     18,251     2,799         2,027     21,051     23,078     7,779   10/8/1999   1985

7800 Shoal Creek Boulevard

  Austin   TX   Suburban         1,731     14,921     3,736         1,731     18,657     20,388     6,279   6/30/1999   1974

812 San Antonio Street

  Austin   TX   CBD         626     5,636     2,207         621     7,848     8,469     2,535   8/18/1999   1987

8701 N Mopac

  Austin   TX   Suburban         1,574     14,168     2,651         1,573     16,820     18,393     5,759   8/3/1999   1982

Bridgepoint Parkway

  Austin   TX   Suburban         7,784     70,526     9,302         7,784     79,828     87,612     32,105   12/5/1997   1986;1996;1997

Lakewood on the Park

  Austin   TX   Suburban         3,548     31,936     1,512         3,548     33,448     36,996     12,603   10/20/1998   1998

Research Park

  Austin   TX   Suburban         15,859     60,175     14,520         18,411     72,143     90,554     24,124   10/7/1998   1968;1998;2001

9840 Gateway Boulevard North

  El Paso   TX   Suburban         1,700     9,736     (4 )       1,700     9,732     11,432     1,509   10/22/2007   1999

3003 South Expressway 281

  Hidalgo   TX   Suburban         1,480     15,533     (9 )       1,480     15,524     17,004     2,417   10/22/2007   1999

3330 N Washington Boulevard

  Arlington   VA   Suburban         810     7,289     616         811     7,904     8,715     2,898   8/26/1998   1987

6160 Kempsville Circle

  Norfolk   VA   Suburban         1,273     11,083     4,226         1,273     15,309     16,582     5,221   10/25/2002   1987

Thunderbolt Place

  Chantilly   VA   Suburban         1,374     12,369     941         1,375     13,309     14,684     4,919   9/29/1999   1988

448 Viking Drive

  Virginia Beach   VA   Suburban         682     5,431     1,429         686     6,856     7,542     1,425   6/4/2004   1991

333 108th Avenue NE

  Bellevue   WA   CBD         14,400     136,412     1,666         14,400     138,078     152,478     14,798   11/12/2009   2008

600 108th Avenue NE

  Bellevue   WA   CBD         3,555     30,244     8,953         3,555     39,197     42,752     8,637   7/16/2004   1980

1331 North Center Parkway

  Kennewick   WA   Suburban         1,850     7,339     (2 )       1,850     7,337     9,187     1,139   10/22/2007   1999

100 East Wisconsin Avenue

  Milwaukee   WI   CBD         3,150     72,113     4,592         3,150     76,705     79,855     6,676   8/11/2010   1989

111 East Kilbourn Avenue

  Milwaukee   WI   CBD         2,400     47,562     4,897         2,400     52,459     54,859     7,481   6/12/2008   1988

Australia:

                                                                         

7 Modal Crescent

  Canning Vale   Australia   Suburban         9,806     3,925     641         8,915     5,457     14,372     358   10/7/2010   2001

71-93 Whiteside Road

  Clayton   Australia   Suburban         9,757     8,495     (1,658 )       8,870     7,724     16,594     624   10/7/2010   1965

9-13 Titanium Court

  Crestmead   Australia   Suburban         3,400     3,185     (598 )       3,091     2,896     5,987     234   10/7/2010   2005

16 Rodborough Road

  Frenchs Forest   Australia   Suburban         7,355     9,498     (1,069 )       6,686     9,098     15,784     710   10/7/2010   1987

22 Rodborough Road

  Frenchs Forest   Australia   Suburban         2,452     3,923     320         2,229     4,466     6,695     343   10/7/2010   1997

127-161 Cherry Lane

  Laverton North   Australia   Suburban         4,266     5,220     (862 )       3,878     4,746     8,624     384   10/7/2010   1965

310-314 Invermay Road

  Mowbray   Australia   Suburban         431     535     (87 )       392     487     879     39   10/7/2010   1963

253-293 George Town Road

  Rocherlea   Australia   Suburban         2,108     1,331     (312 )       1,917     1,210     3,127     98   10/7/2010   1963

310-320 Pitt Street

  Sydney   Australia   CBD         63,271     104,588     (18,524 )       56,610     92,725     149,335     7,370   12/21/2010   1989

44-46 Mandarin Street

  Villawood   Australia   Suburban         6,374     8,179     (556 )       5,795     8,202     13,997     613   10/7/2010   1980

19 Leadership Way

  Wangara   Australia   Suburban         4,217     2,685     (421 )       3,833     2,648     6,481     203   10/7/2010   2000
                                                         

 

              $ 914,510   $ 709,968   $ 4,319,098   $ 553,308   $ (45,209 ) $ 699,135   $ 4,838,030   $ 5,537,165   $ 895,059        
                                                         
                                                         

        Analysis of the carrying amount of real estate properties and accumulated depreciation:

 
  Real Estate
Properties
  Accumulated
Depreciation
 

Balance at January 1, 2011

  $ 6,357,258   $ 850,261  

Additions(4)

    1,074,010     166,371  

Properties reclassified to continuing operations

    42,228     3,083  

Disposals

    (229,264 )   (85,545 )
           

Balance at December 31, 2011

    7,244,232     934,170  

Additions(4)

    1,041,655     188,220  

Loss on asset impairment

    (242,497 )   (73,865 )

Properties reclassified to continuing operations

    (174,562 )   (10,521 )

Disposals

    (39,419 )   (30,398 )
           

Balance at December 31, 2012

    7,829,409     1,007,606  

Additions(4)

    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  
           
           

(1)
Includes net unamortized premiums and discounts.

(2)
Excludes value of real estate intangibles. Aggregate cost for federal income tax purposes is approximately $5,642,335.

(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)
Includes adjustments to real estate properties additions of ($40,020), $4,986 and ($333), and adjustments to accumulated depreciation additions of ($1,528), $97 and ($73), related to changes in foreign currency exchange rates during 2013, 2012 and 2011, respectively.