EX-99.1 14 d88153ex99-1.txt REAL ESTATE AND ACCUMULATED DEPRECIATION SCH III 1 PARTNERSHIP EXHIBIT 99.1 CENTEX DEVELOPMENT COMPANY, L.P. REAL ESTATE AND ACCUMULATED DEPRECIATION SCHEDULE III MARCH 31, 2001 (DOLLARS IN THOUSANDS)
Column A Column B Column C Column D ------------------------------------- -------------- --------------------------------- ---------------- Cost Capitalized Subsequent to Initial Cost to Company Acquisition --------------------------------- ---------------- Buildings & Land & Description Encumbrances Land Improvements Improvements ------------------------------------- -------------- -------------- -------------- -------------- Charlotte, North Carolina Westlake I - Industrial Building $ 1,707 $ 341 $ -- $ 1,790 Westlake II - Industrial Building 4,800 486 -- 5,198 Westlake III - Industrial Building 3,691 439 -- 3,732 Westlake IV - Industrial Building 12,169 1,413 -- 12,362 Westlake V - Industrial Building 4,993 625 -- 4,103 Camarillo, California Camarillo I - Industrial Building 5,410 1,300 -- 4,993 Land held for development and sale 1,960 4,651 -- 1,997 Oxnard, California Land held for development and sale -- 837 -- (11) Pinellas Park, Florida Gateway I - Industrial Building 6,970 760 -- 4,745 Land held for development and sale -- 555 -- 14 Plantation, Florida Southpointe I - Office Building 16,818 1,787 -- 15,550 St. Petersburg, Florida Land held for development and sale 2,000 2,025 -- -- Gardner, Massachusetts Summit I - Industrial Building 2,001 205 -- 2,221 Ann Arbor, Michigan Land held for development and sale 636 897 -- -- Henderson, Nevada Land held for development and sale 5,500 6,002 -- -- Allen, Texas Land held for development and sale -- 763 -- -- Dallas, Texas Citymark I - Office Building 19,157 5,677 18,988 63 Land held for sale -- 428 -- 13 Lewisville, Texas Land held for development and sale -- 4,413 -- 214 Land held for development and sale -- 3,083 -- 1 The Colony, Texas Land held for development and sale -- 5,048 -- 24 -------------- -------------- -------------- -------------- $ 87,812 $ 41,735 $ 18,988 $ 57,009 =============== ============== ============== ============== Column A Column E Column F Column G ------------------------------------- --------------------------------- -------------- -------------- Gross Amount at Which Carried at Close of Period --------------------------------- Buildings & Accumulated Year Description Land Improvements Depreciation Constructed ------------------------------------- -------------- -------------- -------------- -------------- Charlotte, North Carolina Westlake I - Industrial Building $ 341 $ 1,790 $ 163 1999 Westlake II - Industrial Building 486 5,198 252 2000 Westlake III - Industrial Building 439 3,732 62 2001 Westlake IV - Industrial Building 1,413 12,362 -- 2001 Westlake V - Industrial Building 625 4,103 27 2001 Camarillo, California Camarillo I - Industrial Building 1,300 4,993 411 2000 Land held for development and sale 6,648 -- -- Oxnard, California Land held for development and sale 826 -- -- Pinellas Park, Florida Gateway I - Industrial Building 760 4,745 267 2000 Land held for development and sale 569 -- -- Plantation, Florida Southpointe I - Office Building 1,787 15,550 1,166 2000 St. Petersburg, Florida Land held for development and sale 2,025 -- -- Gardner, Massachusetts Summit I - Industrial Building 205 2,221 73 2000 Ann Arbor, Michigan Land held for development and sale 897 -- -- Henderson, Nevada Land held for development and sale 6,002 -- -- Allen, Texas Land held for development and sale 763 -- -- Dallas, Texas Citymark I - Office Building 5,677 19,051 708 Land held for sale 441 -- -- Lewisville, Texas Land held for development and sale 4,627 -- -- Land held for development and sale 3,084 -- -- The Colony, Texas Land held for development and sale 5,072 -- -- -------------- -------------- -------------- $ 43,987 $ 73,745 $ 3,129 ============== ============== ============== Column A Column H Column I ------------------------------------- -------------- --------------- Life on Which Depreciation in Latest Income Year Statements is Description Acquired is Computed ------------------------------------- -------------- --------------- Charlotte, North Carolina Westlake I - Industrial Building (1) Westlake II - Industrial Building (1) Westlake III - Industrial Building (1) Westlake IV - Industrial Building (1) Westlake V - Industrial Building (1) Camarillo, California Camarillo I - Industrial Building (1) Land held for development and sale 1998 Oxnard, California Land held for development and sale 1998 Pinellas Park, Florida Gateway I - Industrial Building (1) Land held for development and sale 1998 Plantation, Florida Southpointe I - Office Building (1) St. Petersburg, Florida Land held for development and sale 1999 Gardner, Massachusetts Summit I - Industrial Building (1) Ann Arbor, Michigan Land held for development and sale 2000 Henderson, Nevada Land held for development and sale 2001 Allen, Texas Land held for development and sale 1991 Dallas, Texas Citymark I - Office Building 2000 (1) Land held for sale 2000 Lewisville, Texas Land held for development and sale 1998 Land held for development and sale 1998 The Colony, Texas Land held for development and sale 1988
(1) Depreciation of the real estate assets is calculated over the following estimated useful lives using the straight-line method: Building and improvements 39 years Tenant improvements Terms of leases 2 CENTEX DEVELOPMENT COMPANY, L.P. REAL ESTATE AND ACCUMULATED DEPRECIATION NOTE TO SCHEDULE III March 31, 2001 (dollars in thousands) Balance at beginning of period $ 100,680 Additions during period: Acquisitions through foreclosure -- Other acquisitions 10,705 Improvements etc 27,657 Other -- --------- $ 38,362 --------- Deductions during period: Cost of real estate sold (16,127)(a) Other (5,183)(b) --------- (21,310) --------- Balance at close of period $ 117,732 =========
(a) Amount includes sales to affiliates of approximately $10.1 million. (b) Represents the transfer of land into Projects Under Development.