XML 52 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
Schedule III - Real Estate and Accumulated Depreciation and Amortization
12 Months Ended
Dec. 31, 2011
Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Real Estate and Accumulated Depreciation Disclosure [Text Block]
Description
Location
 
Encumbrances

Land and Land Estates
Buildings and Improvements
Total
Accumulated Depreciation and Amortization
Date Acquired
Date Constructed
Useful life computing depreciation in latest income statement (years)
Office
Little Rock, AR
(5)

1,353

2,260

3,613

324

Dec-06
1980
40
Office
Brea, CA
 
74,492

37,269

45,695

82,964

10,952

Jun-07
1983
40
Office
Los Angeles, CA
 
10,491

5,110

10,911

16,021

4,549

Dec-04
2000
13 & 40
Office
Palo Alto, CA
(5)

12,398

16,977

29,375

11,086

Dec-06
1974
40
Office
Centenial, CO
 
13,975

4,851

15,187

20,038

3,497

May-07
2001
10 & 40
Office
Colorado Springs, CO
 
10,503

2,748

12,554

15,302

2,607

Jun-07
1980
40
Office
Lakewood, CO
 
7,942

1,569

8,653

10,222

3,667

Apr-05
2002
12 & 40
Office
Louisville, CO
(5)

3,657

9,605

13,262

1,343

Sep-08
1987
8, 9 & 40
Office
Southington, CT
 
12,551

3,240

25,339

28,579

14,178

Nov-05
1983
12, 28 & 40
Office
Wallingford, CT
(5)

1,049

4,773

5,822

933

Dec-03
1978/1985
8 & 40
Office
Boca Raton, FL
 
20,400

4,290

17,160

21,450

3,807

Feb-03
1983/2002
40
Office
Fort Meyers, FL
 
8,713

1,820

10,198

12,018

4,069

Apr-05
1997
13 & 40
Office
Lake Mary, FL
(5)

4,535

14,830

19,365

3,290

Jun-07
1997
7 & 40
Office
Lake Mary, FL
(5)

4,438

15,080

19,518

3,244

Jun-07
1999
7 & 40
Office
Orlando, FL
(5)

586

35,012

35,598

4,542

Dec-06
1982
40
Office
Orlando, FL
 

11,498

34,014

45,512

24,239

Dec-06
1984
3
Office
Atlanta, GA
 
41,443

4,600

55,333

59,933

21,602

Apr-05
2003
13 & 40
Office
Atlanta, GA
(5)

1,014

269

1,283

170

Dec-06
1972
40
Office
Atlanta, GA
(5)

870

187

1,057

137

Dec-06
1975
40
Office
Chamblee, GA
(5)

770

186

956

144

Dec-06
1972
40
Office
Cumming, GA
(5)

1,558

1,368

2,926

374

Dec-06
1968
40
Office
Forest Park, GA
(5)

668

1,242

1,910

257

Dec-06
1969
40
Office
Jonesboro, GA
(5)

778

146

924

121

Dec-06
1971
40
Office
Stone Mountain, GA
(5)

672

276

948

125

Dec-06
1973
40
Office
Suwannee, GA
 
11,084

1,371

2,776

4,147

75

Apr-05
2001
12 & 40
Office
Clive, IA
 
5,412

2,761

7,453

10,214

3,395

Jun-04
2003
12, 13 & 40
Office
Aurora, IL
 

3,063

5,943

9,006

38

Oct-11
1996
40
Office
Chicago, IL
 
29,445

5,155

46,180

51,335

10,004

Jun-07
1986
15 & 40
Office
Lisle, IL
 
10,033

3,236

13,698

16,934

2,257

Dec-06
1985
40
Office
Columbus, IN
(1) (4)
26,427

235

45,729

45,964

5,900

Dec-06
1983
40
Office
Fishers, IN
 
11,089

2,808

19,163

21,971

3,829

Jun-07
1999
9, 10, 38 & 40
Office
Indianapolis, IN
 
12,036

1,700

17,211

18,911

8,592

Apr-05
1999
2-40
Office
Indianapolis, IN
 
8,802

1,360

13,169

14,529

5,358

Apr-05
2002
12 & 40
Office
Overland Park, KS
 
36,325

4,769

41,956

46,725

7,397

Jun-07
1980
12 & 40
Office
Baton Rouge, LA
 
6,045

1,252

10,244

11,496

2,096

May-07
1997
6 & 40
Office
Foxboro, MA
 
8,559

2,231

25,653

27,884

9,152

Dec-04
1982
16 & 40
Office
Southfield, MI
(5)


12,124

12,124

5,637

Jul-04
1963/1965
7, 16 & 40
Office
Bridgeton, MO
(5)

1,853

4,469

6,322

628

Dec-06
1980
40
Office
Kansas City, MO
 
17,307

2,433

20,154

22,587

3,539

Jun-07
1980
12 & 40
Office
Cary, NC
 
12,581

5,342

14,866

20,208

3,857

Jun-07
1999
40
Office
Bridgewater, NJ
 
14,675

4,738

27,331

32,069

3,622

Dec-06
1986
40
Office
Rockaway, NJ
 
14,900

4,646

20,428

25,074

3,240

Dec-06
2002
40
Office
Whippany, NJ
 
15,349

4,063

19,711

23,774

4,155

Nov-06
2006
20 & 40
Office
Wall, NJ
 
25,343

8,985

26,961

35,946

8,365

Jan-04
1983
22 & 40
Office
Rochester, NY
(4)
18,063

645

25,942

26,587

3,512

Dec-06
1988
40
Office
Milford, OH
(5)

3,124

16,042

19,166

3,845

Jun-07
1991
6, 7 & 40
Office
Westerville, OH
(5)

2,085

9,265

11,350

1,534

May-07
2000
40
Office
Canonsburg, PA
 
9,084

1,055

10,910

11,965

2,513

May-07
1997
8 & 40
Office
Harrisburg, PA
 
8,388

900

10,556

11,456

5,965

Apr-05
1998
9 & 40
Office
Philadelphia, PA
 
45,731

13,209

52,105

65,314

19,457

Jun-05
1957
4, 5 & 40
Office
Charleston, SC
 
7,350

1,189

8,724

9,913

1,947

Nov-06
2006
40
Office
Florence, SC
(5)

3,235

12,941

16,176

3,216

May-04
1998
40
Office
Fort Mill, SC
 
10,113

3,601

14,494

18,095

3,294

Dec-02
2002
5 & 40
Description
Location
 
Encumbrances
Land and Land Estates
Buildings and Improvements
Total
Accumulated Depreciation and Amortization
Date Acquired
Date Constructed
Useful life computing depreciation in latest income statement (years)
Office
Fort Mill, SC
 
19,075

1,798

25,192

26,990

9,822

Nov-04
2004
15 & 40
Office
Rock Hill, SC
(5)

551

4,313

4,864

72

 May-11
2006
40
Office
Knoxville, TN
 
7,151

1,079

10,762

11,841

3,883

Mar-05
2001
14 & 40
Office
Memphis, TN
 
3,798

464

4,467

4,931

944

Nov-06
1888
20 & 40
Office
Memphis, TN
(1) (4)
47,320

5,291

97,032

102,323

12,635

Dec-06
1985
40
Office
Allen, TX
(5)

5,591

21,605

27,196

826

 May-11
1981/1983
7 & 25
Office
Carrollton, TX
 
19,639

3,427

22,050

25,477

4,494

Jun-07
2003
8 & 40
Office
Farmers Branch, TX
 
18,481

3,984

27,308

31,292

5,610

Jun-07
2002
40
Office
Houston, TX
 
41,545

16,613

52,682

69,295

10,207

Mar-04
1976/1984
40
Office
Houston, TX
 
16,165

3,750

21,160

24,910

8,439

Apr-05
2000
13 & 40
Office
Houston, TX
 
12,131

1,500

14,581

16,081

5,317

Apr-05
2003
14 & 40
Office
Houston, TX
 
15,525

800

26,879

27,679

10,925

Apr-05
2000
11, 12 & 40
Office
San Antonio, TX
 
11,971

2,800

15,585

18,385

6,857

Apr-05
2000
11 & 40
Office
Sugar Land, TX
 
10,839

1,834

16,536

18,370

3,204

Mar-04
1997
40
Office
Westlake, TX
 
17,928

2,361

22,503

24,864

5,511

May-07
2007
5, 40
Office
Hampton, VA
(5)

2,333

10,454

12,787

2,790

Mar-00
1999
2.5, 5 & 40
Office
Hampton, VA
 

1,353

6,006

7,359

1,702

Nov-01
2000
10 & 40
Office
Herndon, VA
(5)

5,127

24,504

29,631

6,430

Dec-99
1987
9, 31, 36 & 40
Office
Herndon, VA
 
11,138

9,409

12,853

22,262

3,039

Jun-07
1987
40
Office
Midlothian, VA
 
9,725

1,100

11,919

13,019

4,268

Apr-05
2000
15 & 40
Office
Issaquah, WA
(4)
31,369

5,126

13,647

18,773

3,183

Jun-07
1987
8 & 40
Office
Issaquah, WA
(4)

6,268

16,058

22,326

3,660

Jun-07
1987
8 & 40
Industrial
Moody, AL
 
6,677

654

9,943

10,597

4,114

Feb-04
2004
15 & 40
Industrial
Orlando, FL
(5)

1,030

10,869

11,899

1,532

Dec-06
1981
40
Industrial
Tampa, FL
(5)

2,160

7,281

9,441

5,041

Jul-88
1986
9 - 40
Industrial
McDonough, GA
 
23,000

2,463

24,291

26,754

3,208

Dec-06
2000
40
Industrial
Dubuque, IA
 
9,918

2,052

8,443

10,495

1,855

Jul-03
2002
11, 12 & 40
Industrial
Rockford, IL
(4)

371

2,573

2,944

378

Dec-06
1998
40
Industrial
Rockford, IL
(4)
6,630

509

5,289

5,798

725

Dec-06
1992
40
Industrial
Owensboro, KY
(5)

819

2,439

3,258

550

Dec-06
1975
40
Industrial
North Berwick, ME
 
9,877

1,383

32,397

33,780

4,220

Dec-06
1965
10 & 40
Industrial
Marshall, MI
(5)

40

900

940

607

Aug-87
1979
12, 20 & 40
Industrial
Plymouth, MI
 
10,407

2,296

13,398

15,694

3,197

Jun-07
1996
40
Industrial
Temperance, MI
 
9,641

3,040

14,738

17,778

2,472

Jun-07
1980
40
Industrial
Olive Branch, MS
(5)

198

10,276

10,474

5,424

Dec-04
1989
8, 15 & 40
Industrial
Henderson, NC
(5)

1,488

5,953

7,441

1,507

Nov-01
1998
40
Industrial
High Point, NC
(5)

1,330

11,183

12,513

3,704

Jul-04
2002
18 & 40
Industrial
Lumberton, NC
(5)

405

12,049

12,454

1,938

Dec-06
1998
40
Industrial
Statesville, NC
(4)
13,547

891

16,696

17,587

2,891

Dec-06
1999
3 & 40
Industrial
Cincinnati, OH
(5)

1,009

7,007

8,016

1,062

Dec-06
1991
40
Industrial
Columbus, OH
(5)

1,990

10,580

12,570

1,739

Dec-06
1973
40
Industrial
Hebron, OH
 

1,063

4,271

5,334

1,072

Dec-97
2000
40
Industrial
Hebron, OH
(5)

1,681

7,010

8,691

1,733

Dec-01
1999
5 & 40
Industrial
Streetsboro, OH
 
18,733

2,441

25,092

27,533

4,093

Jun-07
2004
12, 20, 25 & 40
Industrial
Duncan, SC
(5)

884

8,626

9,510

1,028

Jun-07
2005
40
Industrial
Laurens, SC
 
14,382

5,552

20,886

26,438

3,573

Jun-07
1991
40
Industrial
Collierville, TN
(5)

714

2,483

3,197

626

Dec-05
2005
20 & 40
Industrial
Crossville, TN
(5)

545

6,999

7,544

2,100

Jan-06
1989/2006
17 & 40
Industrial
Memphis, TN
(5)

1,054

11,539

12,593

11,317

Feb-88
1987
8 &15
Industrial
Memphis, TN
(5)

1,553

12,326

13,879

1,896

Dec-06
1973
40
Industrial
Millington, TN
 
16,301

723

19,118

19,841

6,468

Apr-05
1997
16 & 40
Industrial
San Antonio, TX
 
26,499

2,482

38,535

41,017

13,840

Jul-04
2001
17 & 40
Industrial
Waxahachie, TX
(5)

652

13,045

13,697

7,378

Dec-03
1996/1997
10, 16 & 40
Industrial
Winchester, VA
(5)

3,823

12,226

16,049

2,137

Jun-07
2001
40
Retail
Sun City, AZ
(5)

1,207

1,377

2,584

230

Dec-06
1982
40
Retail
Manteca, CA
 
875

2,082

6,464

8,546

956

May-07
1993
23 & 40
Description
Location
 
Encumbrances
Land and Land Estates
Buildings and Improvements
Total
Accumulated Depreciation and Amortization
Date Acquired
Date Constructed
Useful life computing depreciation in latest income statement (years)
Retail
San Diego, CA
 
557


13,310

13,310

1,609

May-07
1993
23 & 40
Retail
Port Richey, FL
 

1,376

1,664

3,040

380

Dec-06
1980
40
Retail
Honolulu, HI
(5)


11,147

11,147

11,147

Dec-96
1980
5
Retail
Galesburg, IL
 
491

560

2,366

2,926

418

May-07
1992
12 & 40
Retail
Lawrence, IN
(5)

404

1,737

2,141

226

Dec-06
1983
40
Retail
Minden, LA
(5)

224

2,907

3,131

41

Dec-06
1982
40
Retail
Billings, MT
(5)

273

1,775

2,048

37

Dec-06
1981
40
Retail
Jefferson, NC
(5)

71

884

955

128

Dec-06
1979
40
Retail
Lexington, NC
(5)

832

1,429

2,261

180

Dec-06
1983
40
Retail
Thomasville, NC
(5)

208

561

769

8

Dec-06
1998
40
Retail
Carlsbad, NM
(5)

918

775

1,693

225

Dec-06
1980
40
Retail
Port Chester, NY
(5)

7,086

9,313

16,399

2,341

Dec-06
1982
40
Retail
Watertown, NY
 
822

386

5,162

5,548

816

May-07
1993
23 & 40
Retail
Canton, OH
(5)

884

3,534

4,418

894

Nov-01
1995
40
Retail
Franklin, OH
(5)

722

999

1,721

14

Dec-06
1961
40
Retail
Lorain, OH
 
1,238

1,893

7,024

8,917

1,041

May-07
1993
23 & 40
Retail
Lawton, OK
(5)

663

1,288

1,951

246

Dec-06
1984
40
Retail
Tulsa, OK
(5)

447

2,432

2,879

1,991

Dec-96
1981
14 & 24
Retail
Clackamas, OR
(5)

523

2,848

3,371

2,331

Dec-96
1981
14 & 24
Retail
Moncks Corner, SC
(5)

13

1,510

1,523

203

Dec-06
1982
40
Retail
Spartanburg, SC
(5)

833

3,334

4,167

844

Nov-01
1996
40
Retail
Chattanooga, TN
(5)

487

956

1,443

13

Dec-06
1982
40
Retail
Paris, TN
(5)

247

547

794

101

Dec-06
1982
40
Retail
Corpus Christi, TX
(5)

823

715

1,538

120

Dec-06
1983
40
Retail
Dallas, TX
(5)

861

2,362

3,223

56

Dec-06
1960
40
Retail
Fort Worth, TX
(5)

756

2,412

3,168

55

Dec-06
1985
40
Retail
Garland, TX
(5)

451

1,299

1,750

9

Dec-06
1983
40
Retail
Greenville, TX
(5)

562

2,743

3,305

419

Dec-06
1985
40
Retail
Victoria, TX
(5)

300

1,149

1,449

306

Dec-06
1981
40
Retail
Staunton, VA
(5)

1,028

326

1,354

67

Dec-06
1971
40
Retail
Lynnwood, WA
(5)

488

2,658

3,146

2,176

Dec-96
1981
14 & 24
Retail
Port Orchard, WA
 

147

94

241

13

Dec-06
1983
40
Retail
Fairlea, WV
 
578

501

1,985

2,486

272

May-07
1993
12 & 40
Long Term Lease - Office
Phoenix, AZ
 
17,231

4,666

19,966

24,632

6,500

May-00
1997
6 & 40
Long Term Lease - Office
Tempe, AZ
 
7,807


9,442

9,442

1,735

Dec-05
1998
30 & 40
Long Term Lease - Office
Lake Forest, CA
(5)

3,442

13,769

17,211

3,371

Mar-02
2001
40
Long Term Lease - Office
Lenexa, KS
(5)

6,909

29,032

35,941

5,869

July-08
2007
15 & 40
Long Term Lease - Office
Boston, MA
 
13,173

3,814

14,728

18,542

1,764

Mar-07
1910
40
Long Term Lease - Office
Omaha, NE
 
8,266

2,566

8,324

10,890

1,551

Nov-05
1995
30 & 40
Long Term Lease - Office
Las Vegas, NV
(1) (4)
32,152

12,099

53,164

65,263

6,794

Dec-06
1982
40
Long Term Lease - Office
Columbus, OH
(5)

433

2,773

3,206

35

 Jul-11
1999/2006
40
Long Term Lease - Office
Columbus, OH
(5)

1,594

10,480

12,074

262

Dec-10
2005
40
Long Term Lease - Office
Carrollton, TX
 
12,927

1,789

18,157

19,946

5,511

Jun-04
2003
19 & 40
Long Term Lease - Office
Irving, TX
 
37,340

7,476

42,780

50,256

10,066

May-07
1999
6 & 40
Long Term Lease - Office
Irving, TX
(5)

4,889

29,695

34,584

6,403

June-07
1999
40
Long Term Lease - Industrial
Dry Ridge, KY
(4)
5,226

560

12,553

13,113

2,835

Jun-05
1988
25 & 40
Long Term Lease - Industrial
Elizabethtown, KY
(4)
14,466

890

26,868

27,758

6,069

Jun-05
1995/2001
25 & 40
Long Term Lease - Industrial
Elizabethtown, KY
(4)
2,732

352

4,862

5,214

1,098

Jun-05
2001
25 & 40
Long Term Lease - Industrial
Hopkinsville, KY
 
8,484

631

16,154

16,785

3,794

Jun-05
Various
25 & 40
Long Term Lease - Industrial
Owensboro, KY
(4)
4,605

393

11,956

12,349

2,998

Jun-05
1998/2000
25 & 40
Long Term Lease - Industrial
Shreveport, LA
 
19,000

860

21,840

22,700

2,616

Mar-07
2006
40
Long Term Lease - Industrial
Byhalia, MS
 
15,000

1,006

21,482

22,488

358

May-11
2011
40
Long Term Lease - Industrial
Shelby, NC
(5)

1,421

18,860

20,281

353

Jun-11
2011
11, 20 & 40
Long Term Lease - Industrial
Durham, NH
(5)

3,464

18,094

21,558

3,076

Jun-07
1986
40
Description
Location
 
Encumbrances
Land and Land Estates
Buildings and Improvements
Total
Accumulated Depreciation and Amortization
Date Acquired
Date Constructed
Useful life computing depreciation in latest income statement (years)
Long Term Lease - Industrial
Chillicothe, OH
 

736

9,021

9,757

111

Oct-11
1995
6, 15 & 26
Long Term Lease - Industrial
Glenwillow, OH
 
16,340

2,228

24,530

26,758

3,338

Dec-06
1996
40
Long Term Lease - Industrial
Bristol, PA
(5)

2,508

15,815

18,323

3,793

Mar-98
1982
10, 30 & 40
Long Term Lease - Retail
Edmonds, WA
(5)


3,947

3,947

550

Dec-06
1981
40
Multi-tenanted
Phoenix, AZ
(5)

1,831

14,892

16,723

388

Nov-01
1995/1994
5 - 40
Multi-tenanted
Long Beach, CA
 

15,016

48,001

63,017

881

Dec-06
1981
4, 9, 10 & 40
Multi-tenanted
Clinton, CT
 





Dec-06
1971
40
Multi-tenanted
Orlando, FL
 
9,975

3,538

9,019

12,557

2,881

Jan-07
2003
12 & 40
Multi-tenanted
Palm Beach Gardens, FL
(5)

3,578

18,258

21,836

5,152

May-98
1996
11 - 40
Multi-tenanted
Honolulu, HI
(5)

21,094

13,324

34,418

1,647

Dec-06
1917/1955/ 1960/1980
40
Multi-tenanted
Hebron, KY
(5)

1,615

8,125

9,740

3,213

Mar-98
1987
6, 12 & 40
Multi-tenanted
Baltimore, MD
 

37,565

150,545

188,110

30,348

Dec-06
1973
5, 10, 25 & 40
Multi-tenanted
Farmington Hills, MI
 
17,994

2,765

9,196

11,961

442

Jun-07
1999
2, 13 & 40
Multi-tenanted
Tulsa, OK
 
7,119

1,642

3,261

4,903


Apr-05
2000
11 & 40
Multi-tenanted
Wilsonville, OR
 

751

4,808

5,559

400

 Aug-11
1980
5
Multi-tenanted
Antioch, TN
 

3,847

9,801

13,648

192

May-07
1983
5 - 40
Multi-tenanted
Johnson City, TN
 

1,214

7,978

9,192

1,059

Dec-06
1983
40
Multi-tenanted
Glen Allen, VA
 
19,188

2,362

29,555

31,917

8,083

Jun-07
1998
5 - 40
Construction in progress
 
 



4,056


Investment in real estate under construction
 
 



32,829


 
 
 
 
 
 
 
 
 
 
 
 
Subtotal
 
1,297,649

522,039

2,646,151

3,205,075

638,368

 
 
 
 
(1
)
 
25,000

 
 
 
 
 
 
 
 
(2
)
 
34,355

 
 
 
 
 
 
 
 
(3
)
 
9,000

 
 
 
 
 
 
 
 
 
 
$
1,366,004

$
522,039

$
2,646,151

$
3,205,075

$
638,368

 
 
 

(1) - Properties are cross-collateralized for a $25,000 secured term loan at 12/31/11.
(2) - Certain equity interests are pledged as collateral.
(3) - Property is classified as a capital lease.
(4) - Properties are cross-collaterized properties.
(5) - Properties are collateral for the Company's new secured revolving credit facility and secured term loan.
(A) The initial cost includes the purchase price paid directly or indirectly by the Company and pre-2009 acquisition fees and expenses. The total cost basis of the Company's properties at December 31, 2011 for federal income tax purposes was approximately $3.6 billion.
    
 
2011
 
2010
 
2009
Reconciliation of real estate owned:
 
 
 
 
 
Balance at the beginning of year
$
3,374,844

 
$
3,552,806

 
$
3,756,188

Additions in real estate under construction, net
21,571

 
11,258

 

Additions during year
143,382

 
46,994

 
42,818

Properties sold during year
(230,397
)
 
(221,875
)
 
(217,923
)
Reclassified held for sale properties

 
(9,381
)
 

Properties impaired during the year
(103,727
)
 
(3,327
)
 
(27,271
)
Translation adjustment on foreign currency

 
(1,432
)
 
467

Other reclassifications
(598
)
 
(199
)
 
(1,473
)
Balance at end of year
$
3,205,075

 
$
3,374,844

 
$
3,552,806

 
 
 
 
 
 
Reconciliation of accumulated depreciation and amortization:
 
 
 
 
 
Balance at the beginning of year
$
601,239

 
$
537,406

 
$
461,661

Depreciation and amortization expense
114,247

 
115,553

 
113,828

Accumulated depreciation and amortization of properties sold, impaired and held for sale during year
(76,939
)
 
(51,478
)
 
(36,749
)
Translation adjustment on foreign currency

 
(242
)
 
89

Other reclassifications
(179
)
 

 
(1,423
)
Balance at end of year
$
638,368

 
$
601,239

 
$
537,406