SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2014

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

Schedule III—Real Estate and Accumulated Depreciation
December 31, 2014
(in thousands)

			Initial Cost				Net Improvements (Write Offs) Since Acquisition			Gross Amount at Which Carried
Property Name, City and State	Encumbrances		Land		Building and Improvements					Land		Building and Improvements		Total		Acc. Deprec.		Year Built / Renovated	Year of Acquisition
Office
7083 Hollywood Boulevard	$	—	$	6,276	$	13,161	$	3,146		$	6,276	$	16,307	$	22,583	$	4,271	1981	2005
Los Angeles, CA
800 N Capitol Street		—		—		109,948		(8,512	)		—		101,436		101,436		23,037	1991	2005
Washington, DC
370 L'Enfant Promenade		26,783		33,936		145,796		(6,450	)		33,936		139,346		173,282		32,181	1987	2005
Washington, DC		—
260 Townsend		—		7,574		13,843		724			7,574		14,567		22,141		5,651	1986	2006
San Francisco, CA
830 1st Street		46,000		18,095		62,017		(1,398	)		18,095		60,619		78,714		12,450	2002	2006
Washington, DC
BB&T Center		—		7,702		109,006		5,627			7,702		114,633		122,335		28,139	1977/1997	2007
Charlotte, NC
Civic Center		—		1,354		5,496		1,467			1,354		6,963		8,317		2,255	1980/2004	2007
Santa Ana, CA
Penn Field		12,442		9,569		18,593		2,774			9,569		21,367		30,936		5,598	1918/2001	2007
Austin, TX
899 N Capitol Street		—		34,641		84,466		9,762			34,641		94,228		128,869		18,947	1969 - 1973/1999 & 2011	2007
Washington, DC
999 N Capitol Street		—		32,221		86,526		9,868			32,221		96,394		128,615		19,383	1969 - 1973/1999 & 2011	2007
Washington, DC
901 N Capitol Street		—		27,117		—		—			27,117		—		27,117		—	N/A	2007
Washington, DC
1333 Broadway		—		7,048		41,578		5,985			7,048		47,563		54,611		7,572	1972/1995	2008
Oakland, CA
1901 Harrison Street		—		3,838		68,106		5,239			3,838		73,345		77,183		14,426	1985	2008
Oakland, CA
2100 Franklin Street		—		4,277		34,033		12,698			4,277		46,731		51,008		10,086	2008	2008
Oakland, CA
2101 Webster Street		—		4,752		109,812		18,965			4,752		128,777		133,529		26,004	1984	2008
Oakland, CA
2353 Webster Street Parking Garage		—		—		9,138		51			—		9,189		9,189		1,446	1986	2008
Oakland, CA
1 Kaiser Plaza		—		9,261		113,619		8,924			9,261		122,543		131,804		23,933	1970/2008	2008
Oakland, CA
980 9th Street		—		3,380		86,939		4,550			3,380		91,489		94,869		15,584	1992	2009
Sacramento, CA
1010 8th Street Parking Garage & Retail		—		1,020		1,980		96			1,020		2,076		3,096		354	1992	2009
Sacramento, CA
211 Main Street		32,070		14,364		106,875		1,479			14,364		108,354		122,718		20,808	1973/1998	2009
San Francisco, CA
11600 Wilshire Boulevard		—		3,477		18,522		1,113			3,477		19,635		23,112		2,456	1955	2010
Los Angeles, CA
11620 Wilshire Boulevard		33,734		7,672		51,999		5,122			7,672		57,121		64,793		6,902	1976	2010
Los Angeles, CA
4750 Wilshire Boulevard		—		16,633		28,985		59			16,633		29,044		45,677		610	1984/2014	2014
Los Angeles, CA
Lindblade Media Center		—		6,342		11,568		—			6,342		11,568		17,910		75	1930 & 1957 / 2010	2014
Los Angeles, CA
Multifamily
3636 McKinney Avenue		9,696		3,806		11,077		357			3,806		11,434		15,240		1,554	2006	2010
Dallas, TX
3839 McKinney Avenue		6,432		1,679		8,621		311			1,679		8,932		10,611		1,218	2006	2010
Dallas, TX
4649 Cole Avenue		24,398		17,483		16,355		4,806			17,483		21,161		38,644		2,907	1994	2010
Dallas, TX
Memorial Hills		30,292		9,811		40,150		506			9,811		40,656		50,467		5,589	2009	2010
Houston, TX
47 E 34th Street		—		30,612		31,145		312			30,612		31,457		62,069		2,523	2009	2011
New York, NY
Hotel
Courtyard Oakland		—		4,384		16,168		1,170			4,384		17,338		21,722		3,519	2002	2007
Oakland, CA
Sheraton Grand Hotel		—		3,497		107,447		(3,749	)		3,497		103,698		107,195		18,175	2001	2008
Sacramento, CA
Sheraton Grand Hotel Parking & Retail		—		6,552		10,996		(41	)		6,552		10,955		17,507		1,920	2001	2008
Sacramento, CA
LAX Holiday Inn		—		15,662		23,173		660			15,662		23,833		39,495		1,284	1973/2010	2008 / 2013
Los Angeles, CA
	$	221,847	$	354,035	$	1,597,138	$	85,621		$	354,035	$	1,682,759	$	2,036,794	$	320,857

        The aggregate gross cost of property included above for federal income tax purposes approximates $2.1 billion as of December 31, 2014.

        The following table reconciles the historical cost of total real estate held for investment from January 1, 2012 to December 31, 2014:

	Year Ended December 31,
	2014			2013			2012
Real Estate Assets
Balance, beginning of period	$	1,953,848		$	1,907,903		$	1,895,128
Additions:
Property acquisitions		63,528			38,835			—
Improvements		28,879			24,520			25,470
Deductions: retirements		(9,461	)		(17,410	)		(12,695	)
Balance, end of period	$	2,036,794		$	1,953,848		$	1,907,903

        The following table reconciles the accumulated depreciation from January 1, 2012 to December 31, 2014:

	Year Ended December 31,
	2014			2013			2012
Accumulated Depreciation
Balance, beginning of period	$	(271,683	)	$	(231,080	)	$	(184,626	)
Additions: depreciation		(58,635	)		(58,013	)		(59,149	)
Deductions: retirements		9,461			17,410			12,695
Balance, end of period	$	(320,857	)	$	(271,683	)	$	(231,080	)