SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2015

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

Schedule III—Real Estate and Accumulated Depreciation

December 31, 2015

(in thousands)

			Initial Cost						Gross Amount at Which Carried
Property Name, City and State	Encumbrances		Land		Building and Improvements		Net Improvements (write-offs) Since Acquisition		Land		Building and Improvements		Total		Acc. Deprec.		Year Built / Renovated	Year of Acquisition
Office
7083 Hollywood Boulevard
Los Angeles, CA	$	—	$	6,276	$	13,161	$	3,170	$	6,276	$	16,331	$	22,607	$	4,857	1981	2005
800 N Capitol Street
Washington, DC		—		—		109,948		(8,808)		—		101,140		101,140		25,592	1991	2005
370 L'Enfant Promenade
Washington, DC		—		33,936		145,796		(5,513)		33,936		140,283		174,219		36,060	1987	2005
260 Townsend Street
San Francisco, CA		—		7,574		13,843		1,882		7,574		15,725		23,299		6,073	1986	2006
830 1st Street
Washington, DC		46,000		18,095		62,017		(1,279)		18,095		60,738		78,833		14,189	2002	2006
200 S College Street
Charlotte, NC		—		7,702		109,006		5,300		7,702		114,306		122,008		31,750	1977/1997	2007
3601 S Congress Avenue
Austin, TX		—		9,569		18,593		2,129		9,569		20,722		30,291		5,632	1918/2001	2007
899 N Capitol Street
Washington, DC		—		34,641		84,466		6,688		34,641		91,154		125,795		20,971	1969-1973/1999 & 2011	2007
999 N Capitol Street
Washington, DC		—		32,221		86,526		12,101		32,221		98,627		130,848		23,204	1969-1973/1999 & 2011	2007
901 N Capitol Street
Washington, DC		—		27,117		—		3,902		27,117		3,902		31,019		1,083	N/A	2007
1333 Broadway
Oakland, CA		—		7,048		41,578		9,553		7,048		51,131		58,179		9,658	1972/1995	2008
1901 Harrison Street
Oakland, CA		—		3,838		68,106		5,893		3,838		73,999		77,837		17,345	1985	2008
2100 Franklin Street
Oakland, CA		—		4,277		34,033		14,071		4,277		48,104		52,381		12,956	2008	2008
2101 Webster Street
Oakland, CA		—		4,752		109,812		22,592		4,752		132,404		137,156		29,834	1984	2008
2353 Webster Street Parking Garage
Oakland, CA		—		—		9,138		51		—		9,189		9,189		1,681	1986	2008
1 Kaiser Plaza
Oakland, CA		—		9,261		113,619		13,195		9,261		126,814		136,075		28,024	1970/2008	2008
980 9th Street
Sacramento, CA		—		3,380		86,939		4,453		3,380		91,392		94,772		16,541	1992	2009
1010 8th Street Parking Garage & Retail
Sacramento, CA		—		1,020		1,980		96		1,020		2,076		3,096		376	1992	2009
211 Main Street
San Francisco, CA		29,201		14,364		106,875		1,339		14,364		108,214		122,578		25,011	1973/1998	2009
11600 Wilshire Boulevard
Los Angeles, CA		—		3,477		18,522		1,483		3,477		20,005		23,482		3,082	1955	2010
11620 Wilshire Boulevard
Los Angeles, CA		—		7,672		51,999		8,013		7,672		60,012		67,684		9,086	1976	2010
4750 Wilshire Boulevard
Los Angeles, CA		—		16,633		28,985		58		16,633		29,043		45,676		1,475	1984/2014	2014
Lindblade Media Center
Los Angeles, CA		—		6,342		11,568		—		6,342		11,568		17,910		460	1930 & 1957 / 2010	2014
2 Kaiser Plaza
Oakland, CA		—		10,931		110		109		10,931		219		11,150		7	N/A	2015
Multifamily
3636 McKinney Avenue
Dallas, TX		9,533		3,806		11,077		383		3,806		11,460		15,266		1,698	2006	2010
3839 McKinney Avenue
Dallas, TX		6,324		1,679		8,621		226		1,679		8,847		10,526		1,325	2006	2010
4649 Cole Avenue
Dallas, TX		23,989		17,483		16,355		5,236		17,483		21,591		39,074		3,377	1994	2010
4200 Scotland Street
Houston, TX		29,744		9,811		40,150		132		9,811		40,282		50,093		5,913	2009	2010
47 E 34th Street
New York, NY		—		30,612		31,145		1,405		30,612		32,550		63,162		3,348	2009	2011
Hotel
Courtyard Oakland
Oakland, CA (1)		—		4,384		16,168		1,223		4,384		17,391		21,775		4,245	2002	2007
Sheraton Grand Hotel
Sacramento, CA		—		3,497		107,447		(4,101)		3,497		103,346		106,843		20,180	2001	2008
Sheraton Grand Hotel Parking & Retail
Sacramento, CA		—		6,552		10,996		(68)		6,552		10,928		17,480		2,134	2001	2008
LAX Holiday Inn
Los Angeles, CA		—		15,662		23,173		1,094		15,662		24,267		39,929		2,494	1973/2010	2008/2013
	$	144,791	$	363,612	$	1,591,752	$	106,008	$	363,612	$	1,697,760	$	2,061,372	$	369,661

(1) This property was sold in February 2016.

The aggregate gross cost of property included above for federal income tax purposes approximates $2.1 billion (unaudited) as of December 31, 2015.

The following table reconciles the historical cost of total real estate held for investment from January 1, 2013 to December 31, 2015:

	Year Ended December 31,
	2015		2014		2013
	(in thousands)
Real Estate Assets
Balance, beginning of period	$	2,036,794	$	1,953,848	$	1,907,903
Additions:
Property acquisitions		11,041		63,528		38,835
Improvements		31,342		28,879		24,520
Deductions:
Asset sales		(6,237)		—		—
Retirements		(11,568)		(9,461)		(17,410)
Balance, end of period	$	2,061,372	$	2,036,794	$	1,953,848

The following table reconciles the accumulated depreciation from January 1, 2013 to December 31, 2015:

	Year Ended December 31,
	2015		2014		2013
	(in thousands)
Accumulated Depreciation
Balance, beginning of period	$	(320,857)	$	(271,683)	$	(231,080)
Additions: depreciation		(61,915)		(58,635)		(58,013)
Deductions:
Asset sales		1,543		—		—
Retirements		11,568		9,461		17,410
Balance, end of period	$	(369,661)	$	(320,857)	$	(271,683)