Schedule III (Tables)

12 Months Ended

Dec. 31, 2019

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Abstract]

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Text Block]



			Initial Cost to Company							Gross Amounts at Which Carried at Close of Period
Description	Encumbrances⁽¹⁾		Land and Improvements		Buildings and Improvements		Costs Capitalized Subsequent to Acquisition⁽²⁾			Land and Improvements		Buildings and Improvements		Total		Accumulated Depreciation and Amortization		Date of Construction⁽³⁾	Date Acquired
Commercial Operating Assets
Universal Buildings	$	—	$	69,393	$	143,320	$	26,516		$	68,612	$	170,617	$	239,229	$	59,237	1956	2007
2101 L Street	134,290		32,815		51,642		94,247			39,768		138,936		178,704		43,962		1975	2003
1730 M Street	47,500		10,095		17,541		17,207			10,687		34,156		44,843		14,154			2002, 2006
1700 M Street	—		34,178		46,938		(26,130		)	54,986		—		54,986		—		1964	2002
Courthouse Plaza 1 and 2	2,200		—		105,475		55,168			—		160,643		160,643		66,985		1989	2002
2121 Crystal Drive	133,960		21,503		87,329		31,234			22,361		117,705		140,066		51,920		1985	2002
2345 Crystal Drive	—		23,126		93,918		47,870			23,882		141,032		164,914		59,290		1988	2002
2231 Crystal Drive	—		20,611		83,705		22,116			21,311		105,121		126,432		46,350		1987	2002
1550 Crystal Drive	—		17,988		70,525		27,967			18,175		98,305		116,480		42,082		1980	2002
RTC - West	92,846		30,326		134,108		11,160			30,425		145,169		175,594		16,791		1988	2017
RTC - West Retail	2,897		2,894		—		8,480			2,894		8,480		11,374		709		2017	2017
2011 Crystal Drive	—		18,940		76,921		42,909			19,257		119,513		138,770		53,009		1984	2002
2451 Crystal Drive	—		16,755		68,047		27,955			12,271		100,486		112,757		42,294		1990	2002
1235 S. Clark Street	78,000		15,826		56,090		31,131			16,444		86,603		103,047		36,804		1981	2002
241 18th Street S.	—		13,867		54,169		40,229			17,018		91,247		108,265		36,854		1977	2002
251 18th Street S.	34,152		12,305		49,360		57,055			15,859		102,861		118,720		44,679		1975	2002
1215 S. Clark Street	—		13,636		48,380		54,977			14,149		102,844		116,993		36,644		1983	2002
201 12th Street S.	32,728		14,766		52,750		24,350			15,257		76,609		91,866		33,639		1987	2002
800 North Glebe Road	107,500		28,168		140,983		2,290			28,168		143,273		171,441		14,785		2012	2017
2200 Crystal Drive	—		13,104		30,050		34,931			13,565		64,520		78,085		21,773		1968	2002
1225 S. Clark Street	—		11,176		43,495		24,169			11,601		67,239		78,840		28,228		1968	2002
1901 South Bell Street	—		11,669		36,918		21,205			12,117		57,675		69,792		26,461		1982	2002
Crystal City Marriott	—		8,000		47,191		22,029			8,045		69,175		77,220		24,859		1968	2004
2100 Crystal Drive	—		10,287		23,590		31,845			10,686		55,036		65,722		25,709		1968	2002
1800 South Bell Street	—		—		28,702		8,370			213		36,859		37,072		3,807		1985	2002
200 12th Street S.	16,439		8,016		30,552		19,867			8,320		50,115		58,435		22,991		1967	2002
2001 Richmond Highway	—		7,300		16,746		11,722			7,520		28,248		35,768		12,628		1969	2002
Crystal City Shops at 2100	—		4,059		9,309		3,664			4,049		12,983		17,032		5,712		1968	2002
Crystal Drive Retail	—		—		20,465		3,194			55		23,604		23,659		11,315		2003	2004
7200 Wisconsin Avenue	—		34,683		92,059		10,430			34,683		102,489		137,172		9,361		1986	2017
One Democracy Plaza	—		—		33,628		8,494			—		42,122		42,122		25,817		1987	2002
4749 Bethesda Avenue Retail	—		2,480		11,830		53			2,872		11,491		14,363		599		2016	2017
4747 Bethesda Avenue	—		29,030		10,040		126,535			29,492		136,113		165,605		837		2019	2017
Commercial Construction Assets																—
1770 Crystal Drive	—		10,771		44,276		30,727			—		85,774		85,774		—		1974-1980	2002
Central District Retail	—		4,194		—		48,807			—		53,001		53,001		—			2002
Multifamily Operating Assets																—
Fort Totten Square	—		24,390		90,404		995			24,395		91,394		115,789		9,227		2015	2017
WestEnd25	96,227		67,049		5,039		111,284			68,213		115,159		183,372		30,478		2017	2019
F1RST Residences	—		31,064		133,256		10			31,064		133,266		164,330		421		2009	2007
1221 Van Street	—		27,386		63,775		27,162			28,198		90,125		118,323		7,905		2015	2017
North End Retail	—		5,847		9,333		(301		)	5,871		9,008		14,879		723		1960	2007
RiverHouse Apartments	307,710		118,421		125,078		90,748			138,946		195,301		334,247		70,549		2016	2007
The Bartlett	—		41,687		—		225,461			41,868		225,280		267,148		21,948		2009	2017
220 20th Street	—		8,434		19,340		101,416			8,761		120,429		129,190		34,674		1964	2002
2221 S. Clark Street	—		7,405		16,981		41,453			7,583		58,256		65,839		8,936		1938	2017
Falkland Chase - South & West	40,001		18,530		44,232		1,062			18,642		45,182		63,824		5,017		1938	2017
Falkland Chase - North	—		9,810		22,706		(2,072		)	8,994		21,450		30,444		2,422			2017



			Initial Cost to Company							Gross Amounts at Which Carried at Close of Period
Description	Encumbrances⁽¹⁾		Land and Improvements		Buildings and Improvements		Costs Capitalized Subsequent to Acquisition⁽²⁾			Land and Improvements		Buildings and Improvements		Total		Accumulated Depreciation and Amortization		Date of Construction⁽³⁾	Date Acquired
West Half	—		45,668		17,902		156,076			47,342		172,304		219,646		1,986		2019	2017
Multifamily Construction Assets																—
965 Florida Avenue	—		14,306		—		120,570			—		134,876		134,876		—			2017
Atlantic Plumbing C	—		47,678		13,952		94,669			—		156,299		156,299		—			2017
Future Development Assets																—
1900 Crystal Drive	—		16,811		53,187		(14,948		)	—		55,050		55,050		281		1968	2002
Capitol Point - North	—		32,730		—		18,587			50,829		488		51,317		—			2017
Potomac Yard Land Bay G	—		20,318		—		8,815			26,804		2,329		29,133		—
Potomac Yard Land Bay H	—		38,369		—		29			38,390		8		38,398		—
RTC - West Land	1,398		29,956		—		3,798			29,956		3,798		33,754		—			2017
Square 649	—		15,550		6,451		(1,657		)	12,672		7,672		20,344		487			2005
Other Future Development Assets	—		76,771		15,286		30,549			77,185		45,421		122,606		444
Corporate																—
Corporate	500,000		—		—		11,925			—		11,925		11,925		3,788			2017
	1,627,848		1,250,141		2,496,974		2,028,404			1,240,455		4,535,064		5,775,519		1,119,571
Held for sale:
Metropolitan Park ⁽⁴⁾	—		65,259		1,326		27,963			82,898		11,650		94,548		32
Pen Place	—		104,473		55		(30,625		)	61,970		11,933		73,903		9
	—		169,732		1,381		(2,662		)	144,868		23,583		168,451		41
	$	1,627,848	$	1,419,873	$	2,498,355	$	2,025,742		$	1,385,323	$	4,558,647	$	5,943,970	$	1,119,612

Note: Depreciation of the buildings and improvements is calculated over lives ranging from the life of the lease to 40 years. The net basis of our assets and liabilities for tax reporting purposes is approximately $55.9 million higher than the amounts reported in our balance sheet as of December 31, 2019.


⁽¹⁾	Represents the contractual debt obligations.


⁽²⁾	Includes asset impairments recognized, amounts written off in connection with redevelopment activities, partial sale of assets and the reclassification of the net book value of assets to construction in progress.


⁽³⁾	Date of original construction, many assets have had substantial renovation or additional construction. See "Costs Capitalized Subsequent to Acquisition" column.


⁽⁴⁾	In January 2020, we sold the Metropolitan Park land sites to Amazon for a gross sales price of $155.0 million.

The following is a reconciliation of real estate and accumulated depreciation:



	Year Ended December 31,
	2019			2018			2017
	(In thousands)
Real Estate:
Balance at beginning of the year	$	5,895,953		$	6,025,797		$	4,155,391
Acquisitions	164,320			38,369			—
Additions	469,450			358,976			1,926,404
Assets sold or written‑off	(585,753		)	(527,189		)	(55,998		)
Balance at end of the year	$	5,943,970		$	5,895,953		$	6,025,797
Accumulated Depreciation:
Balance at beginning of year	$	1,086,844		$	1,011,330		$	930,769
Depreciation expense	161,937			151,346			136,559
Accumulated depreciation on assets sold or written‑off	(129,169		)	(75,832		)	(55,998		)
Balance at end of year	$	1,119,612		$	1,086,844		$	1,011,330