THE GEO GROUP, INC.

SCHEDULE III- REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2014

(dollars in thousands)



			_Original
_{Property Name (1)}	_Type	_Location	_Land		_{Building and Improvements}		_{Costs Capitalized Subsequent to Acquisition (2)}		_{Land and Improvements}		_{Building and Improvements}		_{Land Held for Development}	_{Development and Construction in Progress}	_Total		_{Accumulated Depreciation}		_{Year(s) Built/ Renovated}	_{Book Value of Mortgaged Properties}
_{Corrections and Detention - Owned and Leased}
Broward Transition Center	Detention Facility	DEERFIELD BEACH, FL	$	4,085	$	15,441	$	18,107	$	4,085	$	33,548	—	—	$	37,633	$	4,716	1998, 2004, 2010/2011, 2013/2014	$	32,917
D. Ray James Correctional Facility	Detention Facility	FOLKSTON, GA	1,229		55,961		12,846		1,347		68,446		243	—	70,036		6,746		1998/1999, 2008/2009, 2011/2012	63,290
D. Ray James Detention Facility	Detention Facility	FOLKSTON, GA	291		30,399		4,098		291		34,497		—	—	34,788		2,883		2005, 2008, 2013	31,905
LaSalle Detention Facility	Detention Facility	JENA, LA	856		51,623		3,580		706		54,627		514	212	56,059		9,369		1998, 2008, 2010/2011	46,690
Moshannon Valley Correctional Center	Correctional Facility	PHILIPSBURG, PA	1,107		65,160		7,251		1,385		72,046		87	—	73,518		6,873		2005/2006, 2013	66,645
North Lake Correctional Facility	Correctional Facility	BALDWIN, MI	66		36,727		50,798		66		87,525		—	—	87,591		6,303		1998/1999, 2002, 2011	81,288
Queens Detention Facility	Detention Facility	JAMAICA, NY	2,237		19,847		368		2,237		20,203		—	12	22,452		7,183		1971, 1996/1997, 2004	—
Riverbend Correctional Facility (3)	Correctional Facility	MILLEDGEVILLE, GA	—		72,932		113		25		73,020		—	—	73,045		6,127		2011	66,918
Rivers Correctional Institution	Correctional Facility	WINTON, NC	875		60,328		2,213		1,195		62,069		149	3	63,416		17,204		2000/2001	46,212
Robert A. Deyton Detention Facility	Detention Facility	LOVEJOY, GA	—		8,163		9,982		15		18,130		—	—	18,145		5,941		1984-1986, 2008/2009	—
Big Spring Correctional Center (3)	Correctional Facility	BIG SPRING, TX	530		83,160		9,047		1,266		86,650		—	4,821	92,737		13,809		1940, 1960, 1982, 1991, 1994, 1996, 2001, 2009, 2010, 2011, 2012	—
Great Plains Correctional Facility	Correctional Facility	HINTON, OK	463		76,580		5,330		1,112		81,245		—	16	82,373		7,947		1990-1992, 1995, 2008, 2011, 2013	74,426
Joe Corley Detention Facility	Correctional Facility	CONROE, TX	470		64,813		855		598		65,540		—	—	66,138		2,972		2008	63,166
Karnes Correctional Center	Detention Facility	KARNES CITY, TX	937		24,825		1,634		912		26,308		176	—	27,396		5,332		1995	22,064
Karnes County Civil Detention Center	Detention Facility	KARNES CITY, TX	—		29,052		1,720		47		30,425		—	300	30,772		1,941		2011/2012, 2014	28,831
Lawton Correctional Facility	Correctional Facility	LAWTON, OK	1,012		96,637		6,393		1,041		97,461		—	5,540	104,042		17,359		1998/1999, 2005/2006	86,683
Rio Grande Detention Center	Detention Facility	LAREDO, TX	8,365		81,178		1,023		6,266		82,201		2,099	—	90,566		10,759		2007, 2008	79,807
South Texas Detention Complex	Detention Facility	PEARSALL, TX	437		31,405		4,786		437		36,191		—	—	36,628		7,444		2004/2005, 2012	—
Val Verde Correctional Facility	Detention Facility	DEL RIO, TX	21		56,009		641		16		56,650		5	—	56,671		11,867		2000/2001, 2005, 2007	44,804
Adelanto Detention Facility	Detention Facility	ADELANTO, CA	8,005		113,255		33,265		8,471		113,294		—	32,760	154,525		7,010		1990/1991, 2011, 2012	147,515
Aurora/ICE Processing Center	Detention Facility	AURORA, CO	4,590		15,200		71,965		4,271		86,174		1,310	—	91,755		10,165		1987, 1993, 1998, 2009, 2010, 2011	81,590
Central Valley MCCF	Correctional Facility	MC FARLAND, CA	1,055		28,133		2,420		905		30,489		211	3	31,608		5,782		1997, 2009/2010	25,826
Desert View MCCF	Correctional Facility	ADELANTO, CA	1,245		27,943		4,105		1,245		32,025		—	23	33,293		6,164		1997, 2010, 2013	27,129
Golden State MCCF	Correctional Facility	MC FARLAND, CA	1,264		27,924		2,148		1,072		30,008		253	3	31,336		5,686		1997, 2010	25,650
Guadalupe County Correctional Facility	Correctional Facility	SANTA ROSA, NM	181		29,732		674		27		29,903		154	503	30,587		9,398		1998/1999, 2008	21,189
Hudson Correctional Facility	Correctional Facility	HUDSON, CO	11,140		—		4,595		7,372		4,443		3,920	—	15,735		2,667		2009, 2011	—



Lea County Correctional Facility (3)	Correctional Facility	HOBBS, NM	347	67,933	1,102	—	69,028	347	7	69,382	13,271	1997/1998	56,111
Leo Chesney CCF	Correctional Facility	LIVE OAK, CA	—	535	249	—	784	—	—	784	674	1989, 2007	—
McFarland CCF	Correctional Facility	MC FARLAND, CA	914	9,019	8,369	1,363	16,657	183	99	18,302	2,489	1988, 2011, 2014	—
Mesa Verde CCF	Correctional Facility	BAKERSFIELD, CA	2,237	13,714	10,824	2,237	14,017	—	10,521	26,775	2,376	1989, 2011	—
Northwest Detention Center	Detention Facility	TACOMA, WA	3,916	39,000	48,650	3,920	85,537	2,004	105	91,566	13,562	2003/2004, 2009, 2010, 2012	—
Western Region Detention Facility	Detention Facility	SAN DIEGO, CA	—	28,071	873	—	28,944	—	—	28,944	27,836	1959-1961, 2000	—
Delaney Hall	Detention Facility	NEWARK, NJ	3,759	22,502	12,970	3,759	35,472	—	—	39,231	6,723	1999/2000, 2008	32,508
Alexandria Transfer Center (3)	CIP - Detention Facility	Alexandria, LA	—	17,181	—	—	17,181	—	—	17,181	86	2014	—
Corrections and Detention - Managed
Allen Correctional Center	Correctional Facility	KINDER, LA	—	28	403	2	429	—	—	431	190	1989-1991, 1994/1995, 1998-1999	—
Central Texas Detention Facility	Detention Facility	SAN ANTONIO, TX	—	—	3,917	—	3,917	—	—	3,917	2,037	1962, 1989/1990, 2006, 2010	—
Lockhart Work Program Facilities	Correctional Facility	LOCKHART, TX	—	73	267	—	277	—	63	340	234	1993, 1994, 2001	—
Lawrenceville Correctional Center	Correctional Facility	LAWRENCEVILLE, VA	—	—	754	—	745	—	9	754	722	1996-1998, 2011	—
Arizona State Prison- Florence West	Correctional Facility	FLORENCE, AZ	320	9,317	1,010	320	10,327	—	—	10,647	5,746	1997	—
Arizona State Prison- Phoenix West	Correctional Facility	PHOENIX, AZ	—	7,919	442	—	8,356	—	5	8,361	4,318	1979-1984, 1995/1996, 2002	—
Central Arizona Correctional Facility	Correctional Facility	FLORENCE, AZ	—	396	1,250	—	1,646	—	—	1,646	1,074	2006	—
New Castle Correctional Facility	Correctional Facility	NEW CASTLE, IN	—	—	22,268	—	22,268	—	—	22,268	4,898	2001, 2012	—
Plainfield Indiana STOP Facility	Correctional Facility	PLAINFIELD, IN	—	—	5	—	5	—	—	5	5	1890, 1900, 1921, 1961	—
South Bay Correctional Facility	Correctional Facility	SOUTH BAY, FL	—	—	2,913	—	2,909	—	4	2,913	2,815	1996/1997, 2001, 2004/2005, 2007, 2012	—
Cleveland Correctional Center	Correctional Facility	CLEVELAND, TX	—	—	61	—	61	—	—	61	61	1989	—
Reeves County Detention Complex R1/R2	Correctional Facility	PECOS, TX	—	—	1,188	—	1,188	—		1,188	635	1986, 1998, 2001, 2004, 2009/2010	—
Reeves County Detention Complex R3	Correctional Facility	PECOS, TX	—	—	4,225	—	4,225	—		4,225	3,194	2003, 2006, 2010	—
Northeast New Mexico Detention Facility	Correctional Facility	CLAYTON, NM	—	—	102	—	102	—	—	102	99	2008	—
Blackwater River Correctional Facility	Correctional Facility	Milton, FL	—	—	34	—	34	—	—	34	21	2010	—
Bay Correctional Facility	Correctional Facility	Panama City, FL	—	—	6	—	6	—	—	6	2	1995	—
Moore Haven Correctional Facility	Correctional Facility	Moore Haven, FL	—	—	18	—	18	—	—	18	4	1995, 1999, 2007	—
Graceville Correctional Facility	Correctional Facility	Jackson, FL	—	—	27	—	27	—	—	27	7	2007, 2009	—
Community Based Services - Owned/Leased
Beaumont Transitional Treatment Center	Community Corrections	BEAUMONT, TX	105	560	345	105	905	—	—	1,010	193	1940-1950, 1967, 1975, 1986, 1997	—
Bronx Community Re-entry Center	Community Corrections	BRONX, NY	—	154	2,775	—	701	—	2,228	2,929	655	1966, 1998, 2009, 2012	—
Cordova Center	Community Corrections	ANCHORAGE, AK	235	3,225	3,520	235	6,745	—	—	6,980	826	1974-1979, 2001, 2013	—
El Monte Center	Community Corrections	EL MONTE, CA	—	47	288	—	335	—	—	335	218	1960, 2004, 2012	—
Grossman Center	Community Corrections	LEAVENWORTH, KS	—	24	34	—	58	—	—	58	37	2002/2003, 2010	—
Las Vegas Community Correctional Center	Community Corrections	LAS VEGAS, NV	520	1,580	261	520	1,841	—	—	2,361	219	1978, 2004	—
Leidel Comprehensive Sanction Center	Community Corrections	HOUSTON, TX	3,210	710	422	3,210	1,126	—	6	4,342	190	1930, 1960, 2005/2006, 2012	—



Marvin Gardens Center	Community Corrections	LOS ANGELES, CA	—	50	148		—	198	—	—	198	131	1962/1965, 1990	—
McCabe Center	Community Corrections	AUSTIN, TX	350	510	529		350	1,039	—	—	1,389	288	1962, 2012	—
Mid Valley House	Community Corrections	EDINBURG, TX	694	3,608	113		701	3,714	—	—	4,415	40	1985, 2001, 2014	—
Midtown Center	Community Corrections	ANCHORAGE, AK	130	220	136		130	344	—	12	486	62	Early 1950s, 1972, 1998	—
Newark Residental Re-entry Center	Community Corrections	Newark, NJ	—	867	—		—	867	—	—	867	47	1925, 1992, 2014	—
Northstar Center	Community Corrections	FAIRBANKS, AK	—	12	196		—	208	—	—	208	69	1970/1975, 1995	—
Oakland Center	Community Corrections	OAKLAND, CA	970	250	64		970	314	—	—	1,284	72	1904-1911, 2000s	—
Parkview Center	Community Corrections	ANCHORAGE, AK	160	1,480	216		160	1,696	—	—	1,856	384	1971, 1976	—
Reality House	Community Corrections	BROWNSVILLE, TX	487	2,771	20		487	2,791	—	—	3,278	218	1983, 2011	—
Southeast Texas Transitional Center	Community Corrections	HOUSTON, TX	910	3,210	1,488		912	4,641	—	55	5,608	821	1960, 1967, 1970, 1984, 1997/1998, 2008, 2012	—
Salt Lake City Center	Community Corrections	SALT LAKE CITY, UT	—	4	97		—	93	—	8	101	30	1970, 1977, 2004	—
Seaside Center	Community Corrections	NOME, AK	—	—	44		—	44	—	—	44	44	1958, 2005	—
Taylor Street Center	Community Corrections	SAN FRANCISCO, CA	3,230	900	2,899		3,230	3,799	—	—	7,029	575	1907, 2010/2011	—
Tundra Center	Community Corrections	BETHEL, AK	20	1,190	1,005		79	1,661	—	475	2,215	570	1960/1970	—
Youth Services - Owned/Leased
Abraxas Academy	Youth Facility	MORGANTOWN, PA	4,220	14,120	680		4,220	14,800	—	—	19,020	1,638	1999/2000	—
Abraxas I	Youth Facility	MARIENVILLE, PA	990	7,600	767		1,023	8,206	—	128	9,357	1,172	1930s, 1960, 1982, 1985-1987, 1989-1999, 2003	—
Abraxas Ohio	Youth Facility	SHELBY, OH	1,160	2,900	624		1,160	3,524	—	—	4,684	529	1900, 1935, 1965, 1992	—
Abraxas Youth Center	Youth Facility	SOUTH MOUNTAIN, PA	—	36	177		—	213	—	—	213	186	1938, 1948, 2001	—
DuPage Interventions	Youth Facility	HINSDALE, IL	2,110	1,190	200		2,110	1,390	—		3,500	223	1988	—
Hector Garza Center	Youth Facility	SAN ANTONIO, TX	1,590	3,540	271		1,590	3,811	—	—	5,401	483	1986/1987, 2006	—
Leadership Development Program	Youth Facility	SOUTH MOUNTAIN, PA	—	25	374		—	397	—	2	399	319	1920, 1938, 2000, 2005	—
Southern Peaks Regional Treatment Center	Youth Facility	CANON CITY, CO	2,850	11,350	200		2,949	11,416	—	35	14,400	1,477	2003-2004	—
Southwood Interventions	Youth Facility	CHICAGO, IL	870	6,310	735		870	7,039	—	6	7,915	1,115	1925, 1950, 1975, 2008	—
Woodridge Interventions	Youth Facility	WOODRIDGE, IL	5,160	4,330	646		5,245	4,832	—	59	10,136	734	1982/1986	—
Contact Interventions	Youth Facility	WAUCONDA, IL	719	1,110	(640	)	699	490	—	—	1,189	76	1950s/1960, 2006	—
Re-Entry Day Reporting Centers - Managed
Orange DRC	Day Reporting Center	Santa Ana, CA	—	72	—		—	72	—	—	72	57	2012	—
South Philadelphia PADOC DRC	Day Reporting Center	Philadelphia, PA	—	124	—		—	124	—	—	124	35	2014	—
Lycoming County DRC	Day Reporting Center	Williamsport, PA	—	56	—		—	56	—	—	56	1	2014	—
Lehigh County PADOC DRC	Day Reporting Center	Allentown, PA	—	139	—		—	139	—	—	139	40	2014	—
Lancaster County PADOC DRC	Day Reporting Center	Lancaster, PA	—	73	—		—	73	—	—	73	12	2014	—
York County PADOC DRC	Day Reporting Center	York, PA	—	7	—		—	7	—	—	7	2	2014	—



North Pittsburgh PADOC DRC	Day Reporting Center	Pittsburgh, PA	—	81	—	—	81	—	—	81	20	2014	—
Guilford Co. TECS	Day Reporting Center	Greensboro, NC	—	21	—	—	21	—	—	21	20	2012	—
Mecklenburg Co. TECS	Day Reporting Center	Charlotte, NC	—	26	—	—	26	—	—	26	21	2012	—
Randolph Co. TECS	Day Reporting Center	Asheboro, NC	—	6	—	—	6	—	—	6	6	2013	—
Northglenn DRC	Day Reporting Center	Northglenn, CO	—	21	—	—	21	—	—	21	20	2011, 2013	—
Aurora DRC	Day Reporting Center	Aurora, CO	—	21	4	—	25	—	—	25	20	2003, 2008, 2010, 2013	—
Denver DRC	Day Reporting Center	Denver, CO	—	43	284	—	327	—	—	327	24	2005, 2009, 2010, 2011, 2012, 2013, 2014	—
Elizabeth CRC	Day Reporting Center	Elizabeth, NJ	—	26	—	—	26	—	—	26	26	2011, 2003, 2006, 2007, 2009	—
Santa Ana CDCR	Day Reporting Center	Santa Ana, CA	—	113	—	—	113	—	—	113	76	2013	—
Los Angeles CDCR	Day Reporting Center	Pamona, CA	—	44	—	—	44	—	—	44	12	2013	—
Tulare Co DRC	Day Reporting Center	Visalia, CA	—	9	—	—	9	—	—	9	9	2006, 2010	—
Merced DRC	Day Reporting Center	Merced, CA	—	18	—	—	18	—	—	18	18	2007, 2008, 2011	—
Kern County DRC	Day Reporting Center	Bakersfield, CA	—	23	—	—	23	—	—	23	22	2010, 2012	—
San Diego DRC	Day Reporting Center	San Diego, CA	—	30	—	—	30	—	—	30	30	2007, 2010	—
Kern County Core SB678	Day Reporting Center	Bakersfield, CA	—	5	—	—	5	—	—	5	1	2014	—
Luzerne EM	Day Reporting Center	Wilkes Barre, PA	—	20	—	—	20	—	—	20	20	2007, 2013	—
Atlantic City CRC	Day Reporting Center	Atlantic City, NJ	—	10	—	—	10	—	—	10	5	2004, 2005, 20011	—
Perth Amboy CRC	Day Reporting Center	Perth Amboy, NJ	—	19	—	—	19	—	—	19	19	2006, 2007, 2008, 2010	—
Neptune CRC	Day Reporting Center	Neptune, NJ	—	16	—	—	16	—	—	16	15	2008, 2009, 2011, 2012	—
Luzerne DRC	Day Reporting Center	Wilkes Barre, PA	—	110	7	—	117	—	—	117	111	2010, 2014	—
Sedgwick DRC	Day Reporting Center	Wichita, KS	—	23	—	—	23	—	—	23	23	2006, 2007	—
Chicago West Grand SRC	Day Reporting Center	Chicago, IL	—	22	—	—	22	—	—	22	22	2005, 2006, 2008, 2010, 2011	—
Decatur SRC	Day Reporting Center	Decatur, IL	—	28	—	—	28	—	—	28	28	2004, 2005, 2006, 2009, 2010, 2011	—
Philadelphia ISAP	Day Reporting Center	Philadelphia, PA	—	36	378	—	414	—	—	414	38	2010, 2014	—
Miami ISAP	Day Reporting Center	Miami, FL	—	82	9	—	91	—	—	91	82	2007, 2008, 2010, 2014	—
Orlando ISAP	Day Reporting Center	Orlando, FL	—	18	—	—	18	—	—	18	18	2007, 2010	—
Atlanta ISAP	Day Reporting Center	Atlanta, GA	—	54	—	—	54	—	—	54	53	2009	—
Charlotte ISAP	Day Reporting Center	Charlotte, NC	—	9	—	—	9	—	—	9	9	2009	—



New Orleans ISAP	Day Reporting Center	New Orleans, LA	—	8	—	—	8	—	—	8	7	2009	—
Washington DC ISAP	Day Reporting Center	Fairfax, VA	—	12	20	—	32	—	—	32	13	2009, 2010, 2011, 2014	—
Chicago ISAP	Day Reporting Center	Chicago, IL	—	25	—	—	25	—	—	25	25	2009, 2013	—
Detroit ISAP	Day Reporting Center	Detroit, MI	—	18	—	—	18	—	—	18	18	2009	—
St Paul ISAP	Day Reporting Center	Bloominton, MN	—	6	—	—	6	—	—	6	6	2004, 2006, 2011	—
Kansas City ISAP	Day Reporting Center	Riverside, MO	—	8	—	—	8	—	—	8	2	2006, 2014	—
Denver ISAP	Day Reporting Center	Centennial, CO	—	15	—	—	15	—	—	15	8	2011, 2013	—
Portland ISAP	Day Reporting Center	Portland, OR	—	5	—	—	5	—	—	5	1	2014	—
San Francisco ISAP	Day Reporting Center	San Francisco, CA	—	92	—	—	92	—	—	92	91	2004, 2009	—
Salt Lake City ISAP	Day Reporting Center	Murray, UT	—	7	—	—	7	—	—	7	7	2009	—
Seattle ISAP	Day Reporting Center	Tukwila, WA	—	40	15	—	55	—	—	55	41	2009, 2014	—
Bronx ISAP	Day Reporting Center	Bronx, NY	—	31	—	—	31	—	—	31	14	2010	—
Manhattan ISAP	Day Reporting Center	New York, NY	—	10	—	—	10	—	—	10	10	2010	—
Queens ISAP	Day Reporting Center	Jamaica, NY	—	39	39	—	78	—	—	78	39	2007, 2008, 2010, 2014	—
Boston ISAP	Day Reporting Center	Burlington, MA	—	13	80	—	93	—	—	93	15	2011, 2014	—
Hartford ISAP	Day Reporting Center	Hartford, CT	—	23	—	—	23	—	—	23	4	2009, 2014	—
Buffalo ISAP	Day Reporting Center	Buffalo, NY	—	34	—	—	34	—	—	34	34	2009	—
Newark ISAP	Day Reporting Center	Newark, NJ	—	30	1	—	31	—	—	31	31	2009, 2014	—
Los Angeles ISAP	Day Reporting Center	Los Angeles, CA	—	35	35	—	70	—	—	70	35	2007, 2008, 2014	—
San Bernadino ISAP	Day Reporting Center	San Bernadino, CA	—	42	—	—	42	—	—	42	42	2008, 2012, 2013	—
Dallas ISAP	Day Reporting Center	Dallas, TX	—	17	—	—	17	—	—	17	17	2009	—
Houston ISAP	Day Reporting Center	Houston, TX	—	21	—	—	21	—	—	21	21	2009	—
Phoenix ISAP	Day Reporting Center	Phoenix, AZ	—	11	—	—	11	—	—	11	11	2009	—
San Antonio ISAP	Day Reporting Center	San Antonio, TX	—	7	48	—	55	—	—	55	8	2009, 2014	—
San Diego ISAP	Day Reporting Center	San Diego, CA	—	14	—	—	14	—	—	14	13	2009	—
Bakersfield ISAP	Day Reporting Center	Bakersfield, CA	—	16	—	—	16	—	—	16	16	2012	—
International Corrections & Detention - Managed
Arthur Gorrie Correctional Centre	Correctional Facility	Brisbane, Queensland AUS	—	—	170	—	170	—	—	170	113	1992	—
Fulham Correctional Centre & Fulham Nalu Challenge Community Unit	Correctional Facility	West Sale, Victoria AUS	—	—	1,634	—	1,634	—	—	1,634	842	1997, 2002	—
Junee Correctional Centre	Correctional Facility	Junee, New South Wales, AUS	—	—	1,185	—	1,185	—	—	1,185	567	1993	—



Parklea Correctional Centre	Correctional Facility	Parklea, New South Wales, AUS	—		—		1,051		—		1,051		—		—		1,051		807		1987	—
Dungavel House Immigration Removal Centre	Detention Facility	Kidlington, England	—		—		65		—		65		—		—		65		37		2013	—
Harmondsworth Immigration Removal Centre	Detention Facility	London, England	—		—		344		—		344		—		—		344		344		2011	—
Kutama-Sinthumule Correctional Centre	Correctional Facility	Louis Trichardt, South Africa	—		—		174		—		174		—		—		174		124		2003-2008	—
Offices - Leased
Corporate Headquarters	Office	BOCA RATON, FL	—		1,072		7,236		—		8,308		—		—		8,308		4,156		1985, 2003, 2005, 2011-2013	—
Central Regional Office	Office	SAN ANTONIO, TX	—		—		42		—		42		—		—		42		20		1985, 2003/2004, 2010	—
Eastern Regional Office	Office	CHARLOTTE, NC	—		—		11		—		11		—		—		11		6		1998, 2013	—
Western Regional Office	Office	LOS ANGELES, CA	—		22		128		—		150		—		—		150		16		2002, 2010	—
Boulder, CO Point II	Office	Boulder CO	—		629		39		—		668		—		—		668		552		1997, 1998, 1999, 1992, 1993, 1994, 1995, 1996, 2000, 2001, 2003, 2004, 2007, 2008, 2009, 2011, 2012, 2014	—
Anderson, IN Call Center	Office	Anderson, IN	—		—		138		—		138		—		—		138		89		1997- 2013	—
Protocol Office	Office	Aurora, CO	—		4		—		—		4		—		—		4		4		2014	—
Sydney Office	Office	Sydney, AUS	—		—		1,710		—		1,710		—		—		1,710		65		1980	—
UK Office	Office	Hurley, England	—		—		364		—		364		—		—		364		141		2012	—
Miscellaneous Investments
Miscellaneous Investments	Various	Various	16,635		4,324		1,831		775		4,039		16,778		1,198		22,790		1,890		Various	—
		Total	$	109,279	$	1,500,033	$	417,560	$	89,741	$	1,849,477	$	28,433	$	59,221	$	2,026,872	$	317,584		$	1,253,164

Depreciation related to the real estate investments reflected in the consolidated statements of comprehensive income is calculated over the estimated useful lives of the assets as follows:



Land improvements	The shorter of 7 years or the term of the lease/contract
Buildings	Generally 50 years or a shorter period if management determines that the building has a shorter useful life
Building improvements	7 or 15 years
Leasehold improvements	The shorter of 15 years or the term of the lease/contract

The aggregate remaining net basis of the real estate investments for federal income tax purposes was approximately $1.4 billion at December 31, 2014. Depreciation and amortization are provided on the declining balance and straight-line methods, respectively, over the estimated useful lives of the assets. This amount excludes international real estate investments.

(1) This schedule presents the real estate property of the Company and does not include facilities with no real estate assets.

(2) The negative balance for costs capitalized subsequent to acquisition include losses recorded subsequent to the initial costs.

(3) Land on which the facility is situated is subject to one or more ground leases.

THE GEO GROUP, INC.

REAL ESTATE AND ACCUMULATED DEPRECIATION

For the Fiscal Years Ended December 31, 2014, December 31, 2013, and December 31, 2012

(dollars in thousands)

A summary of activity for real estate and accumulated depreciation is as follows:



	2014			2013			2012
Real Estate:
Balance at the beginning of the year	$	1,935,556		$	1,840,306		$	1,805,434
Additions to/improvements of real estate	94,521			97,302			51,998
Assets sold/written-off	(3,205		)	(2,052		)	(17,126		)
Balance at the end of the year	$	2,026,872		$	1,935,556		$	1,840,306
Accumulated Depreciation
Balance at the beginning of the year	$	266,848		$	217,428		$	174,055
Depreciation expense	53,182			50,616			49,026
Assets sold/written-off	(2,446		)	(1,196		)	(5,653		)
Balance at the end of the year	$	317,584		$	266,848		$	217,428