| Schedule III - Real Estate and Accumulated Depreciation |
The aggregate gross cost of property included above for federal income tax purposes approximated $5.5 billion 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) | Total real estate held for investment, beginning of year | $ | 6,057,932 |
| | $ | 5,264,947 |
| | $ | 4,757,394 |
| Additions during period: | | | | | | Acquisitions | 139,123 |
| | 340,296 |
| | 384,650 |
| Improvements, etc. | 536,411 |
| | 588,166 |
| | 452,331 |
| Total additions during period | 675,534 |
| | 928,462 |
| | 836,981 |
| Deductions during period: | | | | | | Cost of real estate sold | (231,984 | ) | | (113,416 | ) | | (56,993 | ) | Properties held for sale | (160,074 | ) | | (14,700 | ) | | (259,251 | ) | Other | (13,262 | ) | | (7,361 | ) | | (13,184 | ) | Total deductions during period | (405,320 | ) | | (135,477 | ) | | (329,428 | ) | Total real estate held for investment, end of year | $ | 6,328,146 |
| | $ | 6,057,932 |
| | $ | 5,264,947 |
|
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, beginning of year | $ | 947,664 |
| | $ | 818,957 |
| | $ | 756,515 |
| Additions during period: |
| |
| |
| Depreciation of real estate | 159,524 |
| | 153,841 |
| | 145,325 |
| Total additions during period | 159,524 |
| | 153,841 |
| | 145,325 |
| Deductions during period: |
| |
| |
| Write-offs due to sale | (66,603 | ) | | (18,111 | ) | | (17,144 | ) | Properties held for sale | (46,191 | ) | | (7,007 | ) | | (63,110 | ) | Other | (153 | ) | | (16 | ) | | (2,629 | ) | Total deductions during period | (112,947 | ) | | (25,134 | ) | | (82,883 | ) | Accumulated depreciation, end of year | $ | 994,241 |
| | $ | 947,664 |
| | $ | 818,957 |
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