IRON MOUNTAIN INCORPORATED

SCHEDULE III—SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2018

(Dollars in thousands)

Schedule III - Schedule of Real Estate and Accumulated Depreciation ("Schedule III") reflects the cost and associated accumulated depreciation for the real estate facilities that are owned. The gross cost included in Schedule III includes the cost for land, land improvements, buildings, building improvements and racking. Schedule III does not reflect the 1,140 leased facilities in our real estate portfolio. In addition, Schedule III does not include any value for capital leases for property that is classified as land, buildings and building improvements in our consolidated financial statements.

The following table presents a reconciliation of the gross amount of real estate assets, as presented in Schedule III below, to the sum of the historical book value of land, buildings and building improvements, racking and construction in progress as disclosed in Note 2.f. to Notes to Consolidated Financial Statements as of December 31, 2018:



Gross Amount of Real Estate Assets, As Reported on Schedule III	$	3,700,307

Add Reconciling Items:
Book value of racking included in leased facilities(1)	1,270,992
Book value of capital leases(2)	444,711
Book value of construction in progress(3)	196,268
Total Reconciling Items	1,911,971
Gross Amount of Real Estate Assets, As Disclosed in Note 2.f.	$	5,612,278

_______________________________________________________________________________


(1)	Represents the gross book value of racking installed in our 1,140 leased facilities, which is included in historical book value of racking in Note 2.f., but excluded from Schedule III.

(2) Represents the gross book value of buildings and building improvements that are subject to capital leases, which are included in the historical book value of building and building improvements in Note 2.f., but excluded from Schedule III.

(3) Represents the gross book value of non-real estate assets that are included in the historical book value of construction in progress assets in Note 2.f., but excluded from Schedule III, as such assets are not considered real estate associated with owned buildings. The historical book value of real estate assets associated with owned buildings that were related to construction in progress as of December 31, 2018 is included in Schedule III.

IRON MOUNTAIN INCORPORATED

SCHEDULE III—SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

DECEMBER 31, 2018

(Dollars in thousands)

The following table presents a reconciliation of the accumulated depreciation of real estate assets, as presented in Schedule III below, to the total accumulated depreciation for all property, plant and equipment presented on our Consolidated Balance Sheet as of December 31, 2018:



Accumulated Depreciation of Real Estate Assets, As Reported on Schedule III	$	1,011,050
Add Reconciling Items:
Accumulated Depreciation - non-real estate assets(1)	1,292,432
Accumulated Depreciation - racking in leased facilities(2)	707,628
Accumulated Depreciation - capital leases(3)	100,282
Total Reconciling Items	2,100,342
Accumulated Depreciation, As Reported on Consolidated Balance Sheet	$	3,111,392

_______________________________________________________________________________


(1)	Represents the accumulated depreciation of non-real estate assets that is included in the total accumulated depreciation of property, plant and equipment on our Consolidated Balance Sheet, but excluded from Schedule III as the assets to which this accumulated depreciation relates are not considered real estate assets associated with owned buildings.


(2)	Represents the accumulated depreciation of racking as of December 31, 2018 installed in our 1,140 leased facilities, which is included in total accumulated depreciation of property, plant and equipment on our Consolidated Balance Sheet, but excluded from Schedule III, as disclosed in Footnote 1 to Schedule III.


(3)	Represents the accumulated depreciation of buildings and building improvements as of December 31, 2018 that are subject to capital leases, which is included in the total accumulated depreciation of property, plant and equipment on our Consolidated Balance Sheet, but excluded from Schedule III, as disclosed in Footnote 1 to Schedule III.

IRON MOUNTAIN INCORPORATED

SCHEDULE III—SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

DECEMBER 31, 2018

(Dollars in thousands)



(A)		(B)		(C)		(D)			(E)		(F)
Region/Country/State/Campus Address	Facilities(1)	Encumbrances		Initial cost to Company(1)		Cost capitalized subsequent to acquisition (1)(2)			Gross amount carried at close of current period (1)(8)		Accumulated depreciation at close of current period(1)(8)		Date of construction or acquired(3)		Life on which depreciation in latest income statement is computed
North America
United States (Including Puerto Rico)
140 Oxmoor Ct, Birmingham, Alabama	1	$	—	$	1,322	$	879		$	2,201	$	1,033	2001		Up to 40 years
1420 North Fiesta Blvd, Gilbert, Arizona	1	—		1,637		2,737			4,374		1,760		2001		Up to 40 years
615 North 48th Street, Phoenix, Arizona	1	—		423,107		15,110			438,217		13,283		2018	(5)	Up to 40 years
2955 S. 18th Place, Phoenix, Arizona	1	—		12,178		7,848			20,026		4,570		2007		Up to 40 years
4449 South 36th St, Phoenix, Arizona	1	—		7,305		1,047			8,352		4,771		2012		Up to 40 years
851 Princess Drive, Scottsdale, Arizona	1	—		87,865		43			87,908		3,887		2018	(5)	Up to 40 years
3381 East Global Loop, Tucson, Arizona	1	—		1,622		4,350			5,972		2,692		2000		Up to 40 years
200 Madrone Way, Felton, California	1	—		760		(60		)	700		—		1997		Up to 40 years
13379 Jurupa Ave, Fontana, California	1	—		10,472		8,596			19,068		9,241		2002		Up to 40 years
600 Burning Tree Rd, Fullerton, California	1	—		4,762		1,853			6,615		2,849		2002		Up to 40 years
5086 4th St, Irwindale, California	1	—		6,800		2,308			9,108		3,345		2002		Up to 40 years
6933 Preston Ave, Livermore, California	1	—		14,585		13,498			28,083		9,405		2002		Up to 40 years
1006 North Mansfield, Los Angeles, California	1	—		749		—			749		90		2014		Up to 40 years
1025 North Highland Ave, Los Angeles, California	1	—		10,168		24,544			34,712		12,746		1988		Up to 40 years
1350 West Grand Ave, Oakland, California	1	—		15,172		6,207			21,379		14,418		1997		Up to 40 years
1760 North Saint Thomas Circle, Orange, California	1	—		4,576		471			5,047		1,689		2002		Up to 40 years
8700 Mercury Lane, Pico Rivera, California	1	—		27,957		183			28,140		8,838		2012		Up to 40 years
8661 Kerns St, San Diego, California	1	—		10,512		6,690			17,202		6,832		2002		Up to 40 years
1915 South Grand Ave, Santa Ana, California	1	—		3,420		1,235			4,655		1,888		2001		Up to 40 years
2680 Sequoia Dr, South Gate, California	1	—		6,329		2,251			8,580		4,065		2002		Up to 40 years
111 Uranium Drive, Sunnyvale, California	1	—		9,645		5,155			14,800		4,309		2002		Up to 40 years
25250 South Schulte Rd, Tracy, California	1	—		3,049		1,764			4,813		1,928		2001		Up to 40 years
3576 N. Moline, Aurora, Colorado	1	—		1,583		4,320			5,903		1,593		2001		Up to 40 years
North Stone Ave, Colorado Springs, Colorado	2	—		761		2,715			3,476		1,645		2001		Up to 40 years
4300 Brighton Boulevard, Denver, Colorado	1	—		116,336		12,206			128,542		4,565		2017		Up to 40 years
11333 E 53rd Ave, Denver, Colorado	1	—		7,403		10,168			17,571		8,708		2001		Up to 40 years
5151 E. 46th Ave, Denver, Colorado	1	—		6,312		133			6,445		1,330		2014		Up to 40 years
20 Eastern Park Rd, East Hartford, Connecticut	1	—		7,417		1,867			9,284		5,909		2002		Up to 40 years
Bennett Rd, Suffield, Connecticut	2	—		1,768		926			2,694		1,286		2000		Up to 40 years
Kennedy Road, Windsor, Connecticut	2	—		10,447		30,824			41,271		18,845		2001		Up to 40 years
293 Ella Grasso Rd, Windsor Locks, Connecticut	1	—		4,021		1,476			5,497		2,707		2002		Up to 40 years
150-200 Todds Ln, Wilmington, Delaware	1	—		7,226		997			8,223		4,861		2002		Up to 40 years
13280 Vantage Way, Jacksonville, Florida	1	—		1,853		533			2,386		865		2001		Up to 40 years
12855 Starkey Rd, Largo, Florida	1	—		3,293		2,957			6,250		2,971		2001		Up to 40 years
7801 Riviera Blvd, Miramar, Florida	1	—		8,250		64			8,314		593		2017		Up to 40 years
10002 Satellite Blvd, Orlando, Florida	1	—		1,927		295			2,222		834		2001		Up to 40 years

IRON MOUNTAIN INCORPORATED

SCHEDULE III—SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

DECEMBER 31, 2018

(Dollars in thousands)



(A)		(B)		(C)		(D)		(E)		(F)
Region/Country/State/Campus Address	Facilities(1)	Encumbrances		Initial cost to Company(1)		Cost capitalized subsequent to acquisition (1)(2)		Gross amount carried at close of current period (1)(8)		Accumulated depreciation at close of current period(1)(8)		Date of construction or acquired(3)		Life on which depreciation in latest income statement is computed
United States (Including Puerto Rico) (continued)
3501 Electronics Way, West Palm Beach, Florida	1	$	—	$	4,201	$	13,545	$	17,746	$	6,334	2001		Up to 40 years
1890 MacArthur Blvd, Atlanta Georgia	1	—		1,786		742		2,528		1,049		2002		Up to 40 years
3881 Old Gordon Rd, Atlanta, Georgia	1	—		1,185		322		1,507		826		2001		Up to 40 years
5319 Tulane Drive SW, Atlanta, Georgia	1	—		2,808		3,923		6,731		2,731		2002		Up to 40 years
6111 Live Oak Parkway, Norcross, Georgia	1	—		3,542		1,087		4,629		266		2017		Up to 40 years
3150 Nifda Dr, Smyrna, Georgia	1	—		463		745		1,208		699		1990		Up to 40 years
1301 S. Rockwell St, Chicago, Illinois	1	—		7,947		18,915		26,862		15,084		1999		Up to 40 years
2211 W. Pershing Rd, Chicago, Illinois	1	—		4,264		13,490		17,754		7,862		2001		Up to 40 years
2425 South Halsted St, Chicago, Illinois	1	—		7,470		1,471		8,941		4,058		2006		Up to 40 years
2604 West 13th St, Chicago, Illinois	1	—		404		2,733		3,137		2,729		2001		Up to 40 years
2255 Pratt Blvd, Elk Grove, Illinois	1	—		1,989		3,892		5,881		1,350		2000		Up to 40 years
4175 Chandler Dr Opus No. Corp, Hanover Park, Illinois	1	—		22,048		1,481		23,529		8,763		2014		Up to 40 years
2600 Beverly Drive, Lincoln, Illinois	1	—		1,378		923		2,301		189		2015		Up to 40 years
6120 Churchman Bypass, Indianapolis, Indiana	1	—		4,827		8,321		13,148		5,896		2002		Up to 40 years
6090 NE 14th Street, Des Moines, Iowa	1	—		622		482		1,104		373		2003		Up to 40 years
South 7th St, Louisville, Kentucky	4	—		709		12,543		13,252		4,708		Various		Up to 40 years
900 Distributors Row, New Orleans, Louisiana	1	—		7,607		1,307		8,914		5,780		2002		Up to 40 years
1274 Commercial Drive, Port Allen, Louisiana	1	—		2,680		3,887		6,567		2,782		2003		Up to 40 years
26 Parkway Drive (fka 133 Pleasant), Scarborough, Maine	1	—		8,337		286		8,623		2,909		2015	(7)	Up to 40 years
8928 McGaw Ct, Columbia, Maryland	1	—		2,198		6,406		8,604		3,278		1999		Up to 40 years
10641 Iron Bridge Rd, Jessup, Maryland	1	—		3,782		1,127		4,909		2,443		2000		Up to 40 years
8275 Patuxent Range Rd, Jessup, Maryland	1	—		10,105		7,679		17,784		9,420		2001		Up to 40 years
96 High St, Billerica, Massachusetts	1	—		3,221		3,895		7,116		3,507		1998		Up to 40 years
120 Hampden St, Boston, Massachusetts	1	—		164		742		906		510		2002		Up to 40 years
32 George St, Boston, Massachusetts	1	—		1,820		5,374		7,194		5,163		1991		Up to 40 years
3435 Sharps Lot Rd, Dighton, Massachusetts	1	—		1,911		788		2,699		2,022		1999		Up to 40 years
77 Constitution Boulevard, Franklin, Massachusetts	1	—		5,413		135		5,548		570		2014		Up to 40 years
216 Canal St, Lawrence, Massachusetts	1	—		1,298		1,079		2,377		1,194		2001		Up to 40 years
Bearfoot Road, Northboro, Massachusetts	2	—		55,923		24,897		80,820		39,580		Various		Up to 40 years
38300 Plymouth Road, Livonia, Michigan	1	—		10,285		1,237		11,522		3,554		2015	(7)	Up to 40 years
6601 Sterling Dr South, Sterling Heights, Michigan	1	—		1,294		1,124		2,418		1,206		2002		Up to 40 years
1985 Bart Ave, Warren, Michigan	1	—		1,802		530		2,332		1,040		2000		Up to 40 years
Wahl Court, Warren, Michigan	2	—		3,426		2,613		6,039		3,528		Various		Up to 40 years
31155 Wixom Rd, Wixom, Michigan	1	—		4,000		1,372		5,372		2,503		2001		Up to 40 years
3140 Ryder Trail South, Earth City, Missouri	1	—		3,072		3,331		6,403		2,149		2004		Up to 40 years
Missouri Bottom Road, Hazelwood, Missouri	3	—		28,282		4,158		32,440		6,738		2016	(7)	Up to 40 years
Leavenworth St/18th St, Omaha, Nebraska	3	—		2,924		18,968		21,892		6,715		Various		Up to 40 years

IRON MOUNTAIN INCORPORATED

SCHEDULE III—SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

DECEMBER 31, 2018

(Dollars in thousands)



(A)		(B)		(C)		(D)		(E)		(F)
Region/Country/State/Campus Address	Facilities(1)	Encumbrances		Initial cost to Company(1)		Cost capitalized subsequent to acquisition (1)(2)		Gross amount carried at close of current period (1)(8)		Accumulated depreciation at close of current period(1)(8)		Date of construction or acquired(3)		Life on which depreciation in latest income statement is computed
United States (Including Puerto Rico) (continued)
4105 North Lamb Blvd, Las Vegas, Nevada	1	$	—	$	3,430	$	8,909	$	12,339	$	5,426	2002		Up to 40 years
17 Hydro Plant Rd, Milton, New Hampshire	1	—		6,179		4,180		10,359		6,160		2001		Up to 40 years
Kimberly Rd, East Brunsick, New Jersey	3	—		22,105		5,882		27,987		13,467		Various		Up to 40 years
3003 Woodbridge Avenue, Edison, New Jersey	1	—		310,404		10,086		320,490		8,836		2018	(5)	Up to 40 years
811 Route 33, Freehold, New Jersey	3	—		38,697		54,175		92,872		48,720		Various		Up to 40 years
51-69 & 77-81 Court St, Newark, New Jersey	1	—		11,734		6,273		18,007		945		2015		Up to 40 years
560 Irvine Turner Blvd, Newark, New Jersey	1	—		9,522		660		10,182		634		2015		Up to 40 years
231 Johnson Ave, Newark, New Jersey	1	—		8,945		1,202		10,147		655		2015		Up to 40 years
650 Howard Avenue, Somerset, New Jersey	1	—		3,585		11,686		15,271		5,442		2006		Up to 40 years
555 Gallatin Place, Albuquerque, New Mexico	1	—		4,083		852		4,935		2,440		2001		Up to 40 years
7500 Los Volcanes Rd NW, Albuquerque, New Mexico	1	—		2,801		1,942		4,743		2,613		1999		Up to 40 years
100 Bailey Ave, Buffalo, New York	1	—		1,324		10,979		12,303		6,111		1998		Up to 40 years
64 Leone Ln, Chester, New York	1	—		5,086		1,132		6,218		3,357		2000		Up to 40 years
1368 County Rd 8, Farmington, New York	1	—		2,611		4,525		7,136		4,387		1998		Up to 40 years
County Rd 10, Linlithgo, New York	2	—		102		2,959		3,061		1,511		2001		Up to 40 years
77 Seaview Blvd, N. Hempstead New York	1	—		5,719		1,417		7,136		2,515		2006		Up to 40 years
37 Hurds Corner Road, Pawling, New York	1	—		4,323		1,099		5,422		2,075		2005		Up to 40 years
Ulster Ave/Route 9W, Port Ewen, New York	3	—		23,137		10,401		33,538		21,265		2001		Up to 40 years
Binnewater Rd, Rosendale, New York	2	—		5,142		11,312		16,454		6,250		Various		Up to 40 years
220 Wavel St, Syracuse, New York	1	—		2,929		2,615		5,544		2,741		1997		Up to 40 years
2235 Cessna Drive, Burlington, North Carolina	1	—		1,602		328		1,930		167		2015		Up to 40 years
14500 Weston Pkwy, Cary, North Carolina	1	—		1,880		2,113		3,993		1,749		1999		Up to 40 years
826 Church Street, Morrisville, North Carolina	1	—		7,087		153		7,240		1,116		2017		Up to 40 years
11350 Deerfield Rd, Cincinnati, Ohio	1	—		4,259		599		4,858		2,653		2015	(7)	Up to 40 years
1034 Hulbert Ave, Cincinnati, Ohio	1	—		786		877		1,663		815		2000		Up to 40 years
1275 East 40th, Cleveland, Ohio	1	—		3,129		576		3,705		1,924		1999		Up to 40 years
7208 Euclid Avenue, Cleveland, Ohio	1	—		3,336		3,259		6,595		2,901		2001		Up to 40 years
4260 Tuller Ridge Rd, Dublin, Ohio	1	—		1,030		1,810		2,840		1,405		1999		Up to 40 years
3366 South Tech Boulevard, Miamisburg, Ohio	1	—		29,092		57		29,149		962		2018	(5)	Up to 40 years
2120 Buzick Drive, Obetz, Ohio	1	—		4,317		15,070		19,387		7,396		2003		Up to 40 years
302 South Byrne Rd, Toledo, Ohio	1	—		602		1,079		1,681		683		2001		Up to 40 years
Partnership Drive, Oklahoma City, Oklahoma	3	—		11,437		299		11,736		2,950		2015	(7)	Up to 40 years
7530 N. Leadbetter Road, Portland, Oregon	1	—		5,187		1,874		7,061		4,005		2002		Up to 40 years
Branchton Rd, Boyers, Pennsylvania	3	—		21,166		224,322		245,488		53,526		Various		Up to 40 years
1201 Freedom Rd, Cranberry Township, Pennsylvania	1	—		1,057		12,627		13,684		6,692		2001		Up to 40 years
800 Carpenters Crossings, Folcroft, Pennsylvania	1	—		2,457		953		3,410		1,959		2000		Up to 40 years
36 Great Valley Pkwy, Malvern, Pennsylvania	1	—		2,397		7,048		9,445		4,057		1999		Up to 40 years
2300 Newlins Mill Road, Palmer Township, Pennsylvania	1	—		18,365		7,313		25,678		674		2017		Up to 40 years

IRON MOUNTAIN INCORPORATED

SCHEDULE III—SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

DECEMBER 31, 2018

(Dollars in thousands)



(A)		(B)		(C)		(D)		(E)		(F)
Region/Country/State/Campus Address	Facilities(1)	Encumbrances		Initial cost to Company(1)		Cost capitalized subsequent to acquisition (1)(2)		Gross amount carried at close of current period (1)(8)		Accumulated depreciation at close of current period(1)(8)		Date of construction or acquired(3)		Life on which depreciation in latest income statement is computed
United States (Including Puerto Rico) (continued)
Henderson Dr/Elmwood Ave, Sharon Hill, Pennsylvania	3	$	—	$	24,153	$	10,314	$	34,467	$	17,150	Various		Up to 40 years
Las Flores Industrial Park, Rio Grande, Puerto Rico	1	—		4,185		3,426		7,611		4,129		2001		Up to 40 years
24 Snake Hill Road, Chepachet, Rhode Island	1	—		2,659		2,202		4,861		2,732		2001		Up to 40 years
1061 Carolina Pines Road, Columbia, South Carolina	1	—		11,776		1,693		13,469		2,766		2016	(7)	Up to 40 years
2301 Prosperity Way, Florence, South Carolina	1	—		2,846		1,056		3,902		1,015		2016	(7)	Up to 40 years
Mitchell Street, Knoxville, Tennessee	2	—		718		4,526		5,244		1,818		Various		Up to 40 years
415 Brick Church Park Dr, Nashville, Tennessee	1	—		2,312		4,191		6,503		3,674		2000		Up to 40 years
6005 Dana Way, Nashville, Tennessee	2	—		1,827		2,849		4,676		1,741		2000		Up to 40 years
11406 Metric Blvd, Austin, Texas	1	—		5,489		2,035		7,524		3,913		2002		Up to 40 years
6600 Metropolis Drive, Austin, Texas	1	—		4,519		396		4,915		1,187		2011		Up to 40 years
Capital Parkway, Carrollton, Texas	3	—		8,299		222		8,521		2,523		2015	(7)	Up to 40 years
1800 Columbian Club Dr, Carrolton, Texas	1	—		19,673		1,163		20,836		8,725		2013		Up to 40 years
1905 John Connally Dr, Carrolton, Texas	1	—		2,174		746		2,920		1,290		2000		Up to 40 years
13425 Branchview Ln, Dallas, Texas	1	—		3,518		3,475		6,993		4,055		2001		Up to 40 years
Cockrell Ave, Dallas, Texas	1	—		1,277		1,554		2,831		1,948		2000		Up to 40 years
1819 S. Lamar St, Dallas, Texas	1	—		3,215		812		4,027		2,426		2000		Up to 40 years
2000 Robotics Place Suite B, Fort Worth, Texas	1	—		5,328		610		5,938		2,769		2002		Up to 40 years
1202 Ave R, Grand Prairie, Texas	1	—		8,354		2,059		10,413		5,592		2003		Up to 40 years
15333 Hempstead Hwy, Houston, Texas	3	—		6,327		37,476		43,803		11,332		2004		Up to 40 years
2600 Center Street, Houston, Texas	1	—		2,840		1,741		4,581		2,426		2000		Up to 40 years
3502 Bissonnet St, Houston, Texas	1	—		7,687		597		8,284		5,612		2002		Up to 40 years
5249 Glenmont Ave, Houston, Texas	1	—		3,467		2,379		5,846		2,548		2000		Up to 40 years
5707 Chimney Rock, Houston, Texas	1	—		1,032		1,046		2,078		1,037		2002		Up to 40 years
5757 Royalton Dr, Houston, Texas	1	—		1,795		994		2,789		1,221		2000		Up to 40 years
6203 Bingle Rd, Houston, Texas	1	—		3,188		11,467		14,655		8,244		2001		Up to 40 years
7800 Westpark, Houston, Texas	1	—		6,323		1,203		7,526		1,651		2015	(7)	Up to 40 years
9601 West Tidwell, Houston, Texas	1	—		1,680		1,958		3,638		1,189		2001		Up to 40 years
15300 FM 1825, Pflugerville, Texas	2	—		3,811		7,910		11,721		4,594		2001		Up to 40 years
929 South Medina St, San Antonio, Texas	1	—		3,883		1,312		5,195		2,553		2002		Up to 40 years
930 Avenue B, San Antonio, Texas	1	—		393		230		623		236		1998		Up to 40 years
931 North Broadway, San Antonio, Texas	1	—		3,526		962		4,488		2,753		1999		Up to 40 years
1665 S. 5350 West, Salt Lake City, Utah	1	—		6,239		4,215		10,454		4,850		2002		Up to 40 years
11052 Lakeridge Pkwy, Ashland, Virginia	1	—		1,709		1,890		3,599		1,712		1999		Up to 40 years
2301 International Parkway, Fredericksburg, Virginia	1	—		20,980		27		21,007		5,157		2015	(7)	Up to 40 years
4555 Progress Road, Norfolk, Virginia	1	—		6,527		1,021		7,548		3,053		2011		Up to 40 years
3725 Thirlane Rd. N.W., Roanoke, Virginia	1	—		2,577		129		2,706		974		2015	(7)	Up to 40 years
7700-7730 Southern Dr, Springfield, Virginia	1	—		14,167		2,649		16,816		9,156		2002		Up to 40 years

IRON MOUNTAIN INCORPORATED

SCHEDULE III—SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

DECEMBER 31, 2018

(Dollars in thousands)



(A)		(B)		(C)		(D)			(E)		(F)
Region/Country/State/Campus Address	Facilities(1)	Encumbrances		Initial cost to Company(1)		Cost capitalized subsequent to acquisition (1)(2)			Gross amount carried at close of current period (1)(8)		Accumulated depreciation at close of current period(1)(8)		Date of construction or acquired(3)	Life on which depreciation in latest income statement is computed
United States (Including Puerto Rico) (continued)
8001 Research Way, Springfield, Virginia	1	$	—	$	5,230	$	2,656		$	7,886	$	3,123	2002	Up to 40 years
22445 Randolph Dr, Sterling, Virginia	1	—		7,598		3,719			11,317		5,697		2005	Up to 40 years
307 South 140th St, Burien, Washington	1	—		2,078		2,271			4,349		2,173		1999	Up to 40 years
8908 W. Hallett Rd, Cheney, Washington	1	—		510		4,253			4,763		1,880		1999	Up to 40 years
6600 Hardeson Rd, Everett, Washington	1	—		5,399		3,348			8,747		3,315		2002	Up to 40 years
19826 Russell Rd, South, Kent, Washington	1	—		14,793		9,324			24,117		10,004		2002	Up to 40 years
1201 N. 96th St, Seattle, Washington	1	—		4,496		2,036			6,532		3,348		2001	Up to 40 years
4330 South Grove Road, Spokane, Washington	1	—		3,906		820			4,726		336		2015	Up to 40 years
12021 West Bluemound Road, Wauwatosa, Wisconsin	1	—		1,307		2,124			3,431		1,344		1999	Up to 40 years
	190	—		1,914,610		937,469			2,852,079		752,014
Canada
One Command Court, Bedford	1	—		3,847		4,072			7,919		3,642		2000	Up to 40 years
195 Summerlea Road, Brampton	1	—		5,403		5,661			11,064		4,639		2000	Up to 40 years
10 Tilbury Court, Brampton	1	—		5,007		15,941			20,948		6,726		2000	Up to 40 years
8825 Northbrook Court, Burnaby	1	—		8,091		1,444			9,535		4,120		2001	Up to 40 years
8088 Glenwood Drive, Burnaby	1	—		4,326		6,584			10,910		4,091		2005	Up to 40 years
5811 26th Street S.E., Calgary	1	—		14,658		7,145			21,803		9,898		2000	Up to 40 years
3905-101 Street, Edmonton	1	—		2,020		469			2,489		1,414		2000	Up to 40 years
68 Grant Timmins Drive, Kingston	1	—		3,639		430			4,069		202		2016	Up to 40 years
3005 Boul. Jean-Baptiste Deschamps, Lachine	1	—		2,751		(8		)	2,743		1,243		2000	Up to 40 years
1655 Fleetwood, Laval	1	—		8,196		16,896			25,092		11,108		2000	Up to 40 years
4005 Richelieu, Montreal	1	—		1,800		1,802			3,602		1,475		2000	Up to 40 years
1209 Algoma Rd, Ottawa	1	—		1,059		5,861			6,920		3,551		2000	Up to 40 years
1650 Comstock Rd, Ottawa	1	—		7,478		(404		)	7,074		2,360		2017	Up to 40 years
235 Edson Street, Saskatoon	1	—		829		1,532			2,361		737		2008	Up to 40 years
640 Coronation Drive, Scarborough	1	—		1,853		(106		)	1,747		568		2000	Up to 40 years
610 Sprucewood Ave, Windsor	1	—		1,243		1,653			2,896		1,137		2007	Up to 40 years
	16	—		72,200		68,972			141,172		56,911
	206	—		1,986,810		1,006,441			2,993,251		808,925

IRON MOUNTAIN INCORPORATED

SCHEDULE III—SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

DECEMBER 31, 2018

(Dollars in thousands)



(A)		(B)		(C)		(D)			(E)		(F)
Region/Country/State/Campus Address	Facilities(1)	Encumbrances		Initial cost to Company(1)		Cost capitalized subsequent to acquisition (1)(2)			Gross amount carried at close of current period (1)(8)		Accumulated depreciation at close of current period(1)(8)		Date of construction or acquired(3)		Life on which depreciation in latest income statement is computed
Europe
Gewerbeparkstr. 3, Vienna, Austria	1	$	—	$	6,542	$	7,121		$	13,663	$	2,946	2010		Up to 40 years
Woluwelaan 147, Diegem, Belgium	1	—		2,541		6,438			8,979		3,926		2003		Up to 40 years
Stupničke Šipkovine 62, Zagreb, Croatia	1	—		1,408		(34		)	1,374		17		2018		Up to 40 years
Kratitirion 9 Kokkinotrimithia Industrial District, Nicosia, Cyprus	1	—		3,136		659			3,795		201		2017		Up to 40 years
Karyatidon 1, Agios Sylas Industrial Area (3rd), Limassol, Cyprus	1	—		1,935		282			2,217		132		2017		Up to 40 years
628 Western Avenue, Acton, England	1	—		2,070		(291		)	1,779		754		2003		Up to 40 years
65 Egerton Road, Birmingham, England	1	—		6,980		1,259			8,239		4,519		2003		Up to 40 years
Corby 278, Long Croft Road, Corby, England	1	—		20,486		(877		)	19,609		177		2018		Up to 40 years
Otterham Quay Lane, Gillingham, England	9	—		7,418		2,670			10,088		4,857		2003		Up to 40 years
Pennine Way, Hemel Hempstead, England	1	—		10,847		5,516			16,363		6,447		2004		Up to 40 years
Kemble Industrial Park, Kemble, England	2	—		5,277		6,558			11,835		7,951		2004		Up to 40 years
Gayton Road, Kings Lynn, England	3	—		3,119		1,617			4,736		2,680		2003		Up to 40 years
Cody Road, London, England	2	—		20,307		8,033			28,340		10,244		2003		Up to 40 years
Unit 10 High Cross Centre, London, England	1	—		3,598		544			4,142		1,219		2003		Up to 40 years
Old Poplar Bus Garage, London, England	1	—		4,639		1,647			6,286		3,416		2003		Up to 40 years
17 Broadgate, Oldham, England	1	—		4,039		192			4,231		2,156		2008		Up to 40 years
Harpway Lane, Sopley, England	1	—		681		1,372			2,053		1,277		2004		Up to 40 years
Unit 1A Broadmoor Road, Swindom, England	1	—		2,636		372			3,008		1,062		2006		Up to 40 years
Jeumont-Schneider, Champagne Sur Seine, France	3	—		1,750		2,508			4,258		2,110		2003		Up to 40 years
Bat I-VII Rue de Osiers, Coignieres, France	4	—		21,318		840			22,158		2,993		2016	(4)	Up to 40 years
26 Rue de I Industrie, Fergersheim, France	1	—		1,322		(55		)	1,267		176		2016	(4)	Up to 40 years
Bat A, B, C1, C2, C3 Rue Imperiale, Gue de Longroi, France	1	—		3,390		784			4,174		628		2016	(4)	Up to 40 years
Le Petit Courtin Site de Dois, Gueslin, Mingieres, France	1	—		14,141		11			14,152		1,364		2016	(4)	Up to 40 years
ZI des Sables, Morangis, France	1	918		12,407		15,111			27,518		18,505		2004		Up to 40 years
45 Rue de Savoie, Manissieux, Saint Priest, France	1	—		5,546		(75		)	5,471		586		2016	(4)	Up to 40 years
Gutenbergstrabe 55, Hamburg, Germany	1	—		4,022		739			4,761		711		2016	(4)	Up to 40 years
Brommer Weg 1, Wipshausen, Germany	1	—		3,220		1,619			4,839		3,218		2006		Up to 40 years
Warehouse and Offices 4 Springhill, Cork, Ireland	1	—		9,040		2,797			11,837		4,244		2014		Up to 40 years
17 Crag Terrace, Dublin, Ireland	1	—		2,818		810			3,628		1,267		2001		Up to 40 years
Damastown Industrial Park, Dublin, Ireland	1	—		16,034		7,350			23,384		6,986		2012		Up to 40 years
Portsmuiden 46, Amsterdam, The Netherlands	1	—		1,852		1,936			3,788		2,082		2015	(7)	Up to 40 years
Schepenbergweg 1, Amsterdam, The Netherlands	1	—		1,258		(633		)	625		283		2015	(7)	Up to 40 years

IRON MOUNTAIN INCORPORATED

SCHEDULE III—SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

DECEMBER 31, 2018

(Dollars in thousands)



(A)		(B)		(C)		(D)			(E)		(F)
Region/Country/State/Campus Address	Facilities(1)	Encumbrances		Initial cost to Company(1)		Cost capitalized subsequent to acquisition (1)(2)			Gross amount carried at close of current period (1)(8)		Accumulated depreciation at close of current period(1)(8)		Date of construction or acquired(3)		Life on which depreciation in latest income statement is computed
Europe (Continued)
Vareseweg 130, Rotterdam, The Netherlands	1	$	—	$	1,357	$	1,500		$	2,857	$	2,106	2015	(7)	Up to 40 years
Howemoss Drive, Aberdeen, Scotland	2	—		6,970		5,120			12,090		4,296		Various		Up to 40 years
Traquair Road, Innerleithen, Scotland	1	—		113		2,092			2,205		981		2004		Up to 40 years
Nettlehill Road, Houston Industrial Estate, Livingston, Scotland	1	—		11,517		24,131			35,648		16,177		2001		Up to 40 years
Av Madrid s/n Poligono Industrial Matillas, Alcala de Henares, Spain	1	—		186		240			426		324		2014		Up to 40 years
Calle Bronce, 37, Chiloeches, Spain	1	—		11,011		2,071			13,082		2,819		2010		Up to 40 years
Ctra M.118 , Km.3 Parcela 3, Madrid, Spain	1	—		3,981		5,497			9,478		5,910		2001		Up to 40 years
Fundicion 8, Rivas-Vaciamadrid, Spain	1	—		1,022		2,389			3,411		1,969		2002		Up to 40 years
Abanto Ciervava, Spain	2	—		1,053		(60		)	993		440		Various		Up to 40 years
	60	918		242,987		119,800			362,787		134,156
Latin America
Amancio Alcorta 2396, Buenos Aires, Argentina	2	—		655		2,227			2,882		724		Various		Up to 40 years
Azara 1245, Buenos Aires, Argentina	1	—		166		(162		)	4		—		1998		Up to 40 years
Saraza 6135, Buenos Aires, Argentina	1	—		144		345			489		161		1995		Up to 40 years
Spegazzini, Ezeiza Buenos Aires, Argentina	1	—		12,773		(7,806		)	4,967		729		2012		Up to 40 years
Av Ernest de Moraes 815, Bairro Fim do Campo, Jarinu Brazil	1	—		12,562		(2,149		)	10,413		1,135		2016	(4)	Up to 40 years
Rua Peri 80, Jundiai, Brazil	2	—		8,894		(1,609		)	7,285		851		2016	(4)	Up to 40 years
Francisco de Souza e Melo, Rio de Janerio, Brazil	3	—		1,868		8,087			9,955		2,827		Various		Up to 40 years
Hortolandia, Sao Paulo, Brazil	1	—		24,078		2,100			26,178		2,945		2014		Up to 40 years
El Taqueral 99, Santiago, Chile	2	—		2,629		34,372			37,001		9,662		2006		Up to 40 years
Panamericana Norte 18900, Santiago, Chile	5	—		4,001		17,900			21,901		7,928		2004		Up to 40 years
Avenida Prolongacion del Colli 1104, Guadalajara, Mexico	1	—		374		1,061			1,435		895		2002		Up to 40 years
Privada Las Flores No. 25 (G3), Guadalajara, Mexico	1	—		905		993			1,898		888		2004		Up to 40 years
Tula KM Parque de Las, Huehuetoca, Mexico	2	—		19,937		(1,910		)	18,027		1,825		2016	(4)	Up to 40 years
Carretera Pesqueria Km2.5(M3), Monterrey, Mexico	2	—		3,537		3,227			6,764		2,328		2004		Up to 40 years
Lote 2, Manzana A, (T2& T3), Toluca, Mexico	1	—		2,204		3,561			5,765		4,352		2002		Up to 40 years
Prolongacion de la Calle 7 (T4), Toluca, Mexico	1	—		7,544		12,049			19,593		6,731		2007		Up to 40 years
Panamericana Sur, KM 57.5, Lima, Peru	7	2,020		1,549		685			2,234		1,206		Various		Up to 40 years
Av. Elmer Faucett 3462, Lima, Peru	2	—		4,112		4,691			8,803		4,456		Various		Up to 40 years
Calle Los Claveles-Seccion 3, Lima, Peru	1	—		8,179		31,813			39,992		7,494		2010		Up to 40 years
	37	2,020		116,111		109,475			225,586		57,137

IRON MOUNTAIN INCORPORATED

SCHEDULE III—SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

DECEMBER 31, 2018

(Dollars in thousands)



(A)		(B)		(C)		(D)			(E)		(F)
Region/Country/State/Campus Address	Facilities(1)	Encumbrances		Initial cost to Company(1)		Cost capitalized subsequent to acquisition (1)(2)			Gross amount carried at close of current period (1)(8)		Accumulated depreciation at close of current period(1)(8)		Date of construction or acquired(3)		Life on which depreciation in latest income statement is computed
Asia
8 Whitestone Drive, Austins Ferry, Australia	1	$	—	$	681	$	2,550		$	3,231	$	335	2012		Up to 40 years
6 Norwich Street, South Launceston, Australia	1	—		1,090		(77		)	1,013		74		2015		Up to 40 years
Warehouse No 4, Shanghai, China	1	—		1,530		769			2,299		452		2013		Up to 40 years
Jalan Karanggan Muda Raya No 59, Bogor Indonesia	1	—		7,897		(444		)	7,453		1,316		2017		Up to 40 years
1 Serangoon North Avenue 6, Singapore	1	—		58,637		(1,688		)	56,949		3,049		2018	(6)	Up to 40 years
2 Yung Ho Road, Singapore	1	—		10,395		3,667			14,062		1,144		2016	(4)	Up to 40 years
26 Chin Bee Drive, Singapore	1	—		15,699		(465		)	15,234		1,240		2016	(4)	Up to 40 years
IC1 69 Moo 2, Soi Wat Namdaeng, Bangkok, Thailand	2	—		13,226		5,216			18,442		3,222		2016	(4)	Up to 40 years
	9	—		109,155		9,528			118,683		10,832
Total	312	$	2,938	$	2,455,063	$	1,245,244		$	3,700,307	$	1,011,050

____________________________________

(1)

The above information only includes the real estate facilities that are owned. The gross cost includes the cost for land, land improvements, buildings, building improvements and racking. The listing does not reflect the 1,140 leased facilities in our real estate portfolio. In addition, the above information does not include any value for capital leases for property that is classified as land, buildings and building improvements in our consolidated financial statements.


(2)	Amount includes cumulative impact of foreign currency translation fluctuations.


(3)	Date of construction or acquired represents the date we constructed the facility, acquired the facility through purchase or acquisition.


(4)	Property was acquired in connection with the Recall Transaction.


(5)	Property was acquired in connection with the IODC Transaction.


(6)	Property was acquired in connection with the Credit Suisse Transaction.


(7)	This date represents the date the categorization of the property was changed from a leased facility to an owned facility.

IRON MOUNTAIN INCORPORATED

SCHEDULE III—SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

DECEMBER 31, 2018

(Dollars in thousands)


(8)	The following tables present the changes in gross carrying amount of real estate owned and accumulated depreciation for the years ended December 31, 2017 and 2018:



	Year Ended December 31,
Gross Carrying Amount of Real Estate	2017			2018
Gross amount at beginning of period	$	2,427,540		$	2,707,925
Additions during period:
Acquisitions(1)	121,790			918,091
Discretionary capital projects	94,658			155,901
Foreign currency translation fluctuations	66,666			(58,798		)
	283,114			1,015,194
Deductions during period:
Cost of real estate sold or disposed	(2,729		)	(22,812		)
Gross amount at end of period	$	2,707,925		$	3,700,307

_______________________________________________________________________________


(1)	Includes acquisition of sites through business combinations and purchase accounting adjustments.



	Year Ended December 31,
Accumulated Depreciation	2017			2018
Gross amount of accumulated depreciation at beginning of period	$	808,481		$	909,092
Additions during period:
Depreciation	83,488			125,280
Foreign currency translation fluctuations	18,183			(16,016		)
	101,671			109,264
Deductions during period:
Amount of accumulated depreciation for real estate assets sold or disposed	(1,060		)	(7,306		)
Gross amount of end of period	$	909,092		$	1,011,050

The aggregate cost of our real estate assets for federal tax purposes at December 31, 2018 was approximately $3,400,000.