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Schedule III - Real Estate and Accumulated Depreciation
12 Months Ended
Dec. 31, 2012
Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Real Estate and Accumulated Depreciation Disclosure [Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amount at Which Carried
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Initial Cost
 
December 31, 2012
 
 
 
 
 
 
Property Name
 
City
 
State
 
Encumberances at
December 31,
2012 (a)
 
Land
 
Building and
Improvements
 
Net
Improvements
(Retirements)
Since
Acquisition
 
Land
 
Building and
Improvements
 
Total (b)
 
Accumulated
Depreciation at
December 31,
2012 (c)
 
Year of
Construction
 
Year
Acquired
 
Depreciable
Life
PENNSYLVANIA SUBURBS 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
400 Berwyn Park
 
Berwyn
 
PA
 

 
2,657

 
4,462

 
13,975

 
2,657

 
18,438

 
21,094

 
5,183

 
1999
 
1999
 
40
300 Berwyn Park
 
Berwyn
 
PA
 

 
2,206

 
13,422

 
4,080

 
2,206

 
17,502

 
19,708

 
7,213

 
1989
 
1997
 
40
1050 Westlakes Drive
 
Berwyn
 
PA
 

 
2,611

 
10,445

 
5,046

 
2,611

 
15,491

 
18,102

 
6,542

 
1984
 
1999
 
40
1200 Swedesford Road
 
Berwyn
 
PA
 

 
2,595

 
11,809

 
3,472

 
2,595

 
15,281

 
17,876

 
4,483

 
1994
 
2001
 
40
200 Berwyn Park
 
Berwyn
 
PA
 

 
1,533

 
9,460

 
1,734

 
1,533

 
11,193

 
12,727

 
4,829

 
1987
 
1997
 
40
1180 Swedesford Road
 
Berwyn
 
PA
 

 
2,086

 
8,342

 
1,653

 
2,086

 
9,995

 
12,081

 
2,896

 
1987
 
2001
 
40
100 Berwyn Park
 
Berwyn
 
PA
 

 
1,180

 
7,290

 
2,019

 
1,180

 
9,309

 
10,489

 
3,977

 
1986
 
1997
 
40
1160 Swedesford Road
 
Berwyn
 
PA
 

 
1,781

 
7,124

 
1,006

 
1,781

 
8,130

 
9,911

 
2,922

 
1986
 
2001
 
40
1100 Cassett Road
 
Berwyn
 
PA
 

 
1,695

 
6,779

 
102

 
1,695

 
6,882

 
8,576

 
1,999

 
1997
 
2001
 
40
980 Harvest Drive
 
Blue Bell
 
PA
 

 
3,304

 
16,960

 
(541
)
 
3,304

 
16,420

 
19,723

 
5,838

 
1988
 
2002
 
40
925 Harvest Drive
 
Blue Bell
 
PA
 

 
1,671

 
6,606

 
771

 
1,671

 
7,377

 
9,048

 
3,071

 
1990
 
1998
 
40
920 Harvest Drive
 
Blue Bell
 
PA
 

 
1,209

 
6,595

 
(310
)
 
1,208

 
6,286

 
7,494

 
2,876

 
1990
 
1998
 
40
426 Lancaster Avenue
 
Devon
 
PA
 

 
1,689

 
6,756

 
396

 
1,689

 
7,152

 
8,841

 
3,067

 
1990
 
1998
 
40
52 Swedesford Square
 
East Whiteland Twp.
 
PA
 

 
4,241

 
16,579

 
1,676

 
4,241

 
18,255

 
22,496

 
6,912

 
1988
 
1998
 
40
100 Arrandale Boulevard
 
Exton
 
PA
 

 
970

 
3,878

 

 
970

 
3,878

 
4,848

 
1,139

 
1997
 
2001
 
40
One Progress Drive
 
Horsham
 
PA
 

 
1,399

 
5,629

 
5,107

 
1,399

 
10,736

 
12,135

 
3,301

 
1986
 
1996
 
40
500 Enterprise Drive
 
Horsham
 
PA
 

 
1,303

 
5,188

 
3,229

 
1,303

 
8,416

 
9,720

 
3,071

 
1990
 
1996
 
40
640 Freedom Business Center
 
King Of Prussia
 
PA
 

 
4,222

 
16,891

 
3,338

 
4,222

 
20,229

 
24,451

 
8,279

 
1991
 
1998
 
40
555 Croton Road
 
King of Prussia
 
PA
 

 
4,486

 
17,943

 
1,325

 
4,486

 
19,268

 
23,754

 
5,807

 
1999
 
2001
 
40
630 Allendale Road
 
King of Prussia
 
PA
 

 
2,836

 
4,028

 
12,025

 
2,636

 
16,253

 
18,889

 
4,769

 
2000
 
2000
 
40
620 Freedom Business Center
 
King Of Prussia
 
PA
 

 
2,770

 
11,014

 
3,415

 
2,770

 
14,430

 
17,199

 
6,750

 
1986
 
1998
 
40
1000 First Avenue
 
King Of Prussia
 
PA
 

 
2,772

 
10,936

 
3,230

 
2,772

 
14,166

 
16,938

 
6,046

 
1980
 
1998
 
40
1060 First Avenue
 
King Of Prussia
 
PA
 

 
2,712

 
10,953

 
2,459

 
2,712

 
13,412

 
16,124

 
5,510

 
1987
 
1998
 
40
630 Freedom Business Center
 
King Of Prussia
 
PA
 

 
2,773

 
11,144

 
1,787

 
2,773

 
12,931

 
15,704

 
5,365

 
1989
 
1998
 
40
1040 First Avenue
 
King Of Prussia
 
PA
 

 
2,860

 
11,282

 
839

 
2,860

 
12,121

 
14,981

 
4,608

 
1985
 
1998
 
40
1020 First Avenue
 
King Of Prussia
 
PA
 

 
2,168

 
8,576

 
3,885

 
2,168

 
12,461

 
14,629

 
5,426

 
1984
 
1998
 
40
610 Freedom Business Center
 
King Of Prussia
 
PA
 

 
2,017

 
8,070

 
1,730

 
2,017

 
9,800

 
11,817

 
3,911

 
1985
 
1998
 
40
650 Park Avenue
 
King Of Prussia
 
PA
 

 
1,916

 
4,378

 
2,192

 
1,916

 
6,570

 
8,486

 
3,122

 
1968
 
1998
 
40
500 North Gulph Road
 
King Of Prussia
 
PA
 

 
1,303

 
5,201

 
1,652

 
1,303

 
6,853

 
8,156

 
3,088

 
1979
 
1996
 
40
741 First Avenue
 
King Of Prussia
 
PA
 

 
1,287

 
5,151

 
12

 
1,287

 
5,162

 
6,450

 
2,117

 
1966
 
1998
 
40
875 First Avenue
 
King Of Prussia
 
PA
 

 
618

 
2,473

 
3,239

 
618

 
5,712

 
6,330

 
2,688

 
1966
 
1998
 
40
751-761 Fifth Avenue
 
King Of Prussia
 
PA
 

 
1,097

 
4,391

 
31

 
1,097

 
4,422

 
5,519

 
1,813

 
1967
 
1998
 
40
600 Park Avenue
 
King Of Prussia
 
PA
 

 
1,012

 
4,048

 
385

 
1,012

 
4,434

 
5,445

 
1,804

 
1964
 
1998
 
40
620 Allendale Road
 
King Of Prussia
 
PA
 

 
1,020

 
3,839

 
503

 
1,020

 
4,342

 
5,362

 
1,776

 
1961
 
1998
 
40
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amount at Which Carried
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Initial Cost
 
December 31, 2012
 
 
 
 
 
 
Property Name
 
City
 
State
 
Encumberances at
December 31,
2012 (a)
 
Land
 
Building and
Improvements
 
Net
Improvements
(Retirements)
Since
Acquisition
 
Land
 
Building and
Improvements
 
Total (b)
 
Accumulated
Depreciation at
December 31,
2012 (c)
 
Year of
Construction
 
Year
Acquired
 
Depreciable
Life
660 Allendale Road
 
King Of Prussia
 
PA
 

 
396

 
948

 
2,898

 
1,085

 
3,156

 
4,242

 
327

 
2011
 
1998
 
40
640 Allendale Road
 
King of Prussia
 
PA
 

 
439

 
432

 
1,579

 
439

 
2,012

 
2,450

 
643

 
2000
 
2000
 
40
101 Lindenwood Drive
 
Malvern
 
PA
 

 
4,152

 
16,606

 
3,554

 
4,152

 
20,161

 
24,312

 
5,712

 
1988
 
2001
 
40
301 Lindenwood Drive
 
Malvern
 
PA
 

 
2,729

 
10,915

 
1,398

 
2,729

 
12,313

 
15,042

 
3,941

 
1984
 
2001
 
40
300 Lindenwood Drive
 
Malvern
 
PA
 

 
848

 
3,394

 
1,266

 
849

 
4,659

 
5,508

 
1,679

 
1991
 
2001
 
40
1700 Paoli Pike
 
Malvern
 
PA
 

 
458

 
559

 
3,018

 
488

 
3,547

 
4,035

 
1,091

 
2000
 
2000
 
40
100 Lindenwood Drive
 
Malvern
 
PA
 

 
473

 
1,892

 
188

 
473

 
2,080

 
2,553

 
650

 
1985
 
2001
 
40
200 Lindenwood Drive
 
Malvern
 
PA
 

 
324

 
1,295

 
339

 
324

 
1,634

 
1,958

 
468

 
1984
 
2001
 
40
14 Campus Boulevard
 
Newtown Square
 
PA
 

 
2,244

 
4,217

 
1,516

 
2,244

 
5,733

 
7,977

 
2,642

 
1998
 
1998
 
40
11 Campus Boulevard
 
Newtown Square
 
PA
 

 
1,112

 
4,067

 
740

 
1,112

 
4,807

 
5,919

 
1,760

 
1998
 
1999
 
40
17 Campus Boulevard
 
Newtown Square
 
PA
 

 
1,108

 
5,155

 
(397
)
 
1,108

 
4,758

 
5,866

 
1,311

 
2001
 
N/A
 
40
15 Campus Boulevard
 
Newtown Square
 
PA
 

 
1,164

 
3,896

 
229

 
1,164

 
4,125

 
5,289

 
1,142

 
2002
 
N/A
 
40
18 Campus Boulevard
 
Newtown Square
 
PA
 

 
787

 
3,312

 
(183
)
 
787

 
3,129

 
3,916

 
1,421

 
1990
 
1996
 
40
401 Plymouth Road
 
Plymouth Meeting
 
PA
 

 
6,198

 
16,131

 
16,100

 
6,199

 
32,230

 
38,429

 
9,259

 
2001
 
N/A
 
40
4000 Chemical Road
 
Plymouth Meeting
 
PA
 

 
4,373

 
24,546

 
4,370

 
4,373

 
28,916

 
33,289

 
5,424

 
2006
 
N/A
 
40
610 West Germantown Pike
 
Plymouth Meeting
 
PA
 

 
3,651

 
14,514

 
3,231

 
3,651

 
17,745

 
21,396

 
4,757

 
1987
 
2002
 
40
600 West Germantown Pike
 
Plymouth Meeting
 
PA
 

 
3,652

 
15,288

 
2,252

 
3,652

 
17,540

 
21,192

 
5,361

 
1986
 
2002
 
40
630 West Germantown Pike
 
Plymouth Meeting
 
PA
 

 
3,558

 
14,743

 
2,204

 
3,558

 
16,947

 
20,505

 
5,248

 
1988
 
2002
 
40
620 West Germantown Pike
 
Plymouth Meeting
 
PA
 

 
3,572

 
14,435

 
1,621

 
3,572

 
16,056

 
19,628

 
4,557

 
1990
 
2002
 
40
660 West Germantown Pike(d)
 
Plymouth Meeting
 
PA
 

 

 

 
11,097

 

 
11,097

 
11,097

 
112

 
1987
 
2012
 
30
2240/2250 Butler Pike
 
Plymouth Meeting
 
PA
 

 
1,104

 
4,627

 
1,216

 
1,104

 
5,843

 
6,947

 
3,075

 
1984
 
1996
 
40
2260 Butler Pike
 
Plymouth Meeting
 
PA
 

 
661

 
2,727

 
1,195

 
662

 
3,922

 
4,583

 
1,864

 
1984
 
1996
 
40
120 West Germantown Pike
 
Plymouth Meeting
 
PA
 

 
685

 
2,773

 
823

 
685

 
3,596

 
4,281

 
1,656

 
1984
 
1996
 
40
140 West Germantown Pike
 
Plymouth Meeting
 
PA
 

 
481

 
1,976

 
428

 
482

 
2,404

 
2,885

 
1,198

 
1984
 
1996
 
40
351 Plymouth Road
 
Plymouth Meeting
 
PA
 

 
1,043

 
555

 

 
1,043

 
555

 
1,598

 
108

 
N/A
 
2000
 
40
150 Radnor Chester Road
 
Radnor
 
PA
 

 
11,925

 
36,986

 
12,134

 
11,897

 
49,148

 
61,045

 
14,336

 
1983
 
2004
 
29
One Radnor Corporate Center
 
Radnor
 
PA
 

 
7,323

 
28,613

 
23,071

 
7,323

 
51,684

 
59,007

 
13,046

 
1998
 
2004
 
29
201 King of Prussia Road
 
Radnor
 
PA
 

 
8,956

 
29,811

 
4,762

 
8,949

 
34,579

 
43,529

 
12,390

 
2001
 
2004
 
25
555 Lancaster Avenue
 
Radnor
 
PA
 

 
8,014

 
16,508

 
18,744

 
8,609

 
34,657

 
43,266

 
11,048

 
1973
 
2004
 
24
Four Radnor Corporate Center
 
Radnor
 
PA
 

 
5,406

 
21,390

 
11,971

 
5,705

 
33,061

 
38,767

 
11,026

 
1995
 
2004
 
30
Five Radnor Corporate Center
 
Radnor
 
PA
 

 
6,506

 
25,525

 
1,906

 
6,578

 
27,359

 
33,937

 
6,368

 
1998
 
2004
 
38
Three Radnor Corporate Center
 
Radnor
 
PA
 

 
4,773

 
17,961

 
2,449

 
4,791

 
20,392

 
25,183

 
6,212

 
1998
 
2004
 
29
Two Radnor Corporate Center
 
Radnor
 
PA
 

 
3,937

 
15,484

 
2,816

 
3,942

 
18,295

 
22,237

 
5,111

 
1998
 
2004
 
29
130 Radnor Chester Road
 
Radnor
 
PA
 

 
2,573

 
8,338

 
3,531

 
2,567

 
11,875

 
14,442

 
3,322

 
1983
 
2004
 
25
170 Radnor Chester Road
 
Radnor
 
PA
 

 
2,514

 
8,147

 
3,285

 
2,509

 
11,437

 
13,946

 
3,758

 
1983
 
2004
 
25
101 West Elm Street
 
W. Conshohocken
 
PA
 

 
6,251

 
25,209

 
2,685

 
6,251

 
27,894

 
34,145

 
5,524

 
1999
 
2005
 
40
 
 
 
 
 
 
 

 
 
 
 
 
 
 
Gross Amount at Which Carried
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Initial Cost
 
December 31, 2012
 
 
 
 
 
 
Property Name
 
City
 
State
 
Encumberances at
December 31,
2012 (a)
 
Land
 
Building and
Improvements
 
Net
Improvements
(Retirements)
Since
Acquisition
 
Land
 
Building and
Improvements
 
Total (b)
 
Accumulated
Depreciation at
December 31,
2012 (c)
 
Year of
Construction
 
Year
Acquired
 
Depreciable
Life
1 West Elm Street
 
W. Conshohocken
 
PA
 

 
3,557

 
14,249

 
1,128

 
3,557

 
15,377

 
18,934

 
3,068

 
1999
 
2005
 
40
595 East Swedesford Road
 
Wayne
 
PA
 

 
2,729

 
10,917

 
2,076

 
2,729

 
12,992

 
15,722

 
3,441

 
1998
 
2003
 
40
575 East Swedesford Road
 
Wayne
 
PA
 

 
2,178

 
8,712

 
1,888

 
2,178

 
10,600

 
12,778

 
3,017

 
1985
 
2003
 
40
565 East Swedesford Road
 
Wayne
 
PA
 

 
1,872

 
7,489

 
1,610

 
1,872

 
9,099

 
10,971

 
2,435

 
1984
 
2003
 
40
585 East Swedesford Road
 
Wayne
 
PA
 

 
1,350

 
5,401

 
358

 
1,350

 
5,758

 
7,109

 
1,536

 
1998
 
2003
 
40
1336 Enterprise Drive
 
West Goshen
 
PA
 

 
731

 
2,946

 
47

 
731

 
2,993

 
3,724

 
1,346

 
1989
 
1997
 
40
PHILADELPHIA CBD
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2970 Market Street
 
Philadelphia
 
PA
 
197,111

 
22,430

 
217,763

 
10,375

 
22,430

 
228,138

 
250,568

 
14,793

 
2010
 
2007
 
40
2929 Arch Street
 
Philadelphia
 
PA
 

 

 
208,570

 
17,566

 

 
226,136

 
226,136

 
65,488

 
2005
 
N/A
 
40
130 North 18th Street
 
Philadelphia
 
PA
 

 
14,496

 
107,736

 
9,692

 
14,473

 
117,451

 
131,924

 
32,765

 
1998
 
2004
 
23
100 North 18th Street
 
Philadelphia
 
PA
 
89,340

 
16,066

 
100,255

 
5,079

 
16,066

 
105,334

 
121,400

 
29,007

 
1988
 
2004
 
33
1717 Arch Street
 
Philadelphia
 
PA
 

 

 
98,188

 
14,286

 

 
112,474

 
112,474

 
7,266

 
1990
 
2010
 
40
2930 Chestnut Street
 
Philadelphia
 
PA
 
42,303

 

 
76,008

 
2,570

 

 
78,578

 
78,578

 
4,576

 
2010
 
N/A
 
40
1900 Market Street
 
Philadelphia
 
PA
 

 
7,768

 
17,263

 
1

 
7,768

 
17,264

 
25,032

 
52

 
1981
 
2012
 
30
3020 Market Street
 
Philadelphia
 
PA
 

 

 
21,417

 
310

 

 
21,727

 
21,727

 
1,177

 
1959
 
2011
 
26
   101 - 103 Juniper Street
 
Philadelphia
 
PA
 

 

 
14,401

 
283

 

 
14,684

 
14,684

 
578

 
2010
 
2006
 
40
Philadelphia Marine Center
 
Philadelphia
 
PA
 

 
532

 
2,196

 
3,175

 
628

 
5,275

 
5,903

 
1,943

 
Various
 
1998
 
40
METROPOLITAN WASHINGTON, D.C.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
11720 Beltsville Drive
 
Beltsville
 
MD
 

 
3,831

 
16,661

 
3,916

 
3,904

 
20,504

 
24,408

 
4,991

 
1987
 
2006
 
46
11700 Beltsville Drive
 
Beltsville
 
MD
 

 
2,808

 
12,081

 
161

 
2,863

 
12,187

 
15,050

 
2,131

 
1981
 
2006
 
46
11710 Beltsville Drive
 
Beltsville
 
MD
 

 
2,278

 
11,100

 
(814
)
 
2,321

 
10,243

 
12,564

 
1,821

 
1987
 
2006
 
46
6600 Rockledge Drive
 
Bethesda
 
MD
 

 

 
37,421

 
11,158

 

 
48,579

 
48,579

 
10,486

 
1981
 
2006
 
50
11740 Beltsville Drive
 
Bethesda
 
MD
 

 
198

 
870

 
42

 
202

 
908

 
1,111

 
168

 
1987
 
2006
 
46
12015 Lee Jackson Memorial Highway
 
Fairfax
 
VA
 

 
3,770

 
22,895

 
3,042

 
3,842

 
25,866

 
29,707

 
4,930

 
1985
 
2006
 
42
11781 Lee Jackson Memorial Highway
 
Fairfax
 
VA
 

 
3,246

 
19,836

 
(886
)
 
3,307

 
18,889

 
22,196

 
3,580

 
1982
 
2006
 
40
4401 Fair Lakes Court
 
Fairfax
 
VA
 

 
1,569

 
11,982

 
224

 
1,599

 
12,177

 
13,776

 
1,925

 
1988
 
2006
 
52
3141 Fairview Park Drive (e)
 
Falls Church
 
VA
 
22,000

 
5,918

 
40,981

 
10,297

 
7,081

 
50,116

 
57,196

 
7,598

 
1988
 
2006
 
51
2340 Dulles Corner Boulevard
 
Herndon
 
VA
 

 
16,345

 
65,379

 
18,364

 
16,129

 
83,959

 
100,088

 
21,130

 
1987
 
2006
 
40
2291 Wood Oak Drive
 
Herndon
 
VA
 

 
8,243

 
52,413

 
13,489

 
8,782

 
65,364

 
74,145

 
9,097

 
1999
 
2006
 
55
2355 Dulles Corner Boulevard
 
Herndon
 
VA
 

 
10,365

 
43,876

 
4,585

 
10,365

 
48,462

 
58,826

 
9,474

 
1988
 
2006
 
40
2251 Corporate Park Drive
 
Herndon
 
VA
 

 
11,472

 
45,893

 
717

 
11,472

 
46,610

 
58,082

 
7,131

 
2000
 
2006
 
40
196/198 Van Buren Street
 
Herndon
 
VA
 

 
7,931

 
43,812

 
6,076

 
8,348

 
49,471

 
57,819

 
8,695

 
1991
 
2006
 
53
2411 Dulles Corner Park
 
Herndon
 
VA
 

 
7,279

 
46,340

 
3,712

 
7,417

 
49,915

 
57,331

 
9,208

 
1990
 
2006
 
50
2121 Cooperative Way
 
Herndon
 
VA
 

 
5,598

 
38,639

 
2,193

 
5,795

 
40,635

 
46,430

 
5,685

 
2000
 
2006
 
54
13880 Dulles Corner Lane
 
Herndon
 
VA
 

 
7,236

 
39,213

 
(1,132
)
 
7,373

 
37,944

 
45,317

 
5,598

 
1997
 
2006
 
55
2201 Cooperative Way
 
Herndon
 
VA
 

 
4,809

 
34,093

 
1,476

 
4,809

 
35,569

 
40,378

 
4,856

 
1990
 
2006
 
54
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amount at Which Carried
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Initial Cost
 
December 31, 2012
 
 
 
 
 
 
Property Name
 
City
 
State
 
Encumberances at
December 31,
2012(a)
 
Land
 
Building and
Improvements
 
Net
Improvements
(Retirements)
Since
Acquisition
 
Land
 
Building and
Improvements
 
Total (b)
 
Accumulated
Depreciation at
December 31,
2012 (c)
 
Year of
Construction
 
Year
Acquired
 
Depreciable
Life
13825 Sunrise Valley Drive
 
Herndon
 
VA
 

 
3,794

 
19,365

 
368

 
3,866

 
19,662

 
23,527

 
2,968

 
1989
 
2006
 
46
1676 International Drive
 
Mclean
 
VA
 
60,869

 
18,437

 
97,538

 
1,698

 
18,785

 
98,888

 
117,673

 
15,357

 
1999
 
2006
 
55
8260 Greensboro Drive
 
Mclean
 
VA
 
32,319

 
7,952

 
33,964

 
692

 
8,102

 
34,506

 
42,608

 
5,393

 
1980
 
2006
 
52
1880 Campus Commons Drive
 
Reston
 
VA
 

 
6,164

 
28,114

 
5,606

 
6,281

 
33,603

 
39,884

 
4,634

 
1985
 
2006
 
52
2273 Research Boulevard
 
Rockville
 
MD
 

 
5,167

 
31,110

 
3,334

 
5,237

 
34,374

 
39,611

 
7,419

 
1999
 
2006
 
45
2275 Research Boulevard
 
Rockville
 
MD
 

 
5,059

 
29,668

 
2,421

 
5,154

 
31,994

 
37,148

 
6,500

 
1990
 
2006
 
45
2277 Research Boulevard
 
Rockville
 
MD
 

 
4,649

 
26,952

 
1,659

 
4,733

 
28,526

 
33,260

 
5,330

 
1986
 
2006
 
45
1900 Gallows Road
 
Vienna
 
VA
 

 
7,797

 
47,817

 
6,537

 
7,944

 
54,207

 
62,151

 
7,639

 
1989
 
2006
 
52
8521 Leesburg Pike
 
Vienna
 
VA
 

 
4,316

 
30,885

 
(713
)
 
4,397

 
30,091

 
34,488

 
4,656

 
1984
 
2006
 
51
NEW JERSEY/DELAWARE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
457 Haddonfield Road
 
Cherry Hill
 
NJ
 

 
2,142

 
9,120

 
1,190

 
2,142

 
10,310

 
12,452

 
4,491

 
1990
 
1996
 
40
220 Lake Drive East
 
Cherry Hill
 
NJ
 

 
2,144

 
8,798

 
735

 
2,144

 
9,533

 
11,677

 
2,954

 
1988
 
2001
 
40
200 Lake Drive East
 
Cherry Hill
 
NJ
 

 
2,069

 
8,275

 
1,281

 
2,069

 
9,556

 
11,625

 
2,901

 
1989
 
2001
 
40
210 Lake Drive East
 
Cherry Hill
 
NJ
 

 
1,645

 
6,579

 
1,067

 
1,645

 
7,646

 
9,291

 
2,288

 
1986
 
2001
 
40
6 East Clementon Road
 
Gibbsboro
 
NJ
 

 
1,345

 
5,366

 
682

 
1,345

 
6,048

 
7,393

 
2,498

 
1980
 
1997
 
40
20 East Clementon Road
 
Gibbsboro
 
NJ
 

 
769

 
3,055

 
499

 
769

 
3,554

 
4,323

 
1,460

 
1986
 
1997
 
40
10 Foster Avenue
 
Gibbsboro
 
NJ
 

 
244

 
971

 
113

 
244

 
1,084

 
1,328

 
476

 
1983
 
1997
 
40
7 Foster Avenue
 
Gibbsboro
 
NJ
 

 
231

 
921

 
91

 
231

 
1,011

 
1,243

 
400

 
1983
 
1997
 
40
50 East Clementon Road
 
Gibbsboro
 
NJ
 

 
114

 
964

 
3

 
114

 
967

 
1,081

 
406

 
1986
 
1997
 
40
2 Foster Avenue
 
Gibbsboro
 
NJ
 

 
185

 
730

 
16

 
185

 
746

 
931

 
316

 
1974
 
1997
 
40
4 Foster Avenue
 
Gibbsboro
 
NJ
 

 
183

 
726

 
5

 
183

 
732

 
914

 
307

 
1974
 
1997
 
40
1 Foster Avenue
 
Gibbsboro
 
NJ
 

 
93

 
364

 
76

 
93

 
440

 
533

 
202

 
1972
 
1997
 
40
5 U.S. Avenue
 
Gibbsboro
 
NJ
 

 
21

 
81

 
3

 
21

 
84

 
105

 
35

 
1987
 
1997
 
40
5 Foster Avenue
 
Gibbsboro
 
NJ
 

 
9

 
32

 
26

 
9

 
58

 
67

 
25

 
1968
 
1997
 
40
1009 Lenox Drive
 
Lawrenceville
 
NJ
 

 
4,876

 
19,284

 
3,866

 
5,118

 
22,909

 
28,026

 
9,337

 
1989
 
1998
 
40
989 Lenox Drive
 
Lawrenceville
 
NJ
 

 
3,701

 
14,802

 
1,494

 
3,850

 
16,147

 
19,997

 
4,038

 
1984
 
2003
 
40
2000 Lenox Drive
 
Lawrenceville
 
NJ
 

 
2,291

 
12,221

 
2,384

 
2,684

 
14,212

 
16,896

 
4,097

 
2000
 
2000
 
40
1200 Lenox Drive
 
Lawrenceville
 
NJ
 

 
1,071

 
12,967

 
2,500

 
1,071

 
15,467

 
16,538

 
2,656

 
2007
 
N/A
 
40
997 Lenox Drive
 
Lawrenceville
 
NJ
 

 
2,410

 
9,700

 
4,323

 
2,540

 
13,893

 
16,433

 
5,267

 
1987
 
1998
 
40
993 Lenox Drive
 
Lawrenceville
 
NJ
 

 
2,811

 
17,996

 
(4,571
)
 
2,960

 
13,276

 
16,236

 
5,124

 
1985
 
1998
 
40
100 Lenox Drive
 
Lawrenceville
 
NJ
 

 

 

 
12,114

 
1,134

 
10,980

 
12,114

 
2,471

 
1977
 
1999
 
40
1000 Lenox Drive
 
Lawrenceville
 
NJ
 

 
1,174

 
4,696

 
2,180

 
1,244

 
6,806

 
8,050

 
2,999

 
1982
 
2002
 
40
1120 Executive Boulevard
 
Marlton
 
NJ
 

 
2,074

 
8,415

 
1,971

 
2,074

 
10,386

 
12,460

 
4,540

 
1987
 
1997
 
40
Two Eves Drive
 
Marlton
 
NJ
 

 
818

 
3,461

 
278

 
818

 
3,738

 
4,557

 
1,713

 
1987
 
1997
 
40
Five Eves Drive
 
Marlton
 
NJ
 

 
703

 
2,819

 
582

 
703

 
3,401

 
4,104

 
1,520

 
1986
 
1997
 
40
Four B Eves Drive
 
Marlton
 
NJ
 

 
588

 
2,369

 
348

 
588

 
2,717

 
3,305

 
1,224

 
1987
 
1997
 
40
Four A Eves Drive
 
Marlton
 
NJ
 

 
539

 
2,168

 
137

 
539

 
2,305

 
2,844

 
1,081

 
1987
 
1997
 
40
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amount at Which Carried
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Initial Cost
 
December 31, 2012
 
 
 
 
 
 
Property Name
 
City
 
State
 
Encumberances at
December 31,
2012 (a)
 
Land
 
Building and
Improvements
 
Net
Improvements
(Retirements)
Since
Acquisition
 
Land
 
Building and
Improvements
 
Total (b)
 
Accumulated
Depreciation at
December 31,
2012(c)
 
Year of
Construction
 
Year
Acquired
 
Depreciable
Life
308 Harper Drive
 
Moorestown
 
NJ
 

 
1,643

 
6,663

 
1,070

 
1,644

 
7,732

 
9,376

 
2,993

 
1976
 
1998
 
40
700 East Gate Drive
 
Mt. Laurel
 
NJ
 

 
3,569

 
14,436

 
2,094

 
3,569

 
16,530

 
20,099

 
6,720

 
1984
 
1998
 
40
10000 Midlantic Drive
 
Mt. Laurel
 
NJ
 

 
3,206

 
12,857

 
2,066

 
3,206

 
14,923

 
18,129

 
6,542

 
1990
 
1997
 
40
15000 Midlantic Drive
 
Mt. Laurel
 
NJ
 

 
3,061

 
12,254

 
1,403

 
3,061

 
13,657

 
16,718

 
5,770

 
1991
 
1997
 
40
1000 Atrium Way
 
Mt. Laurel
 
NJ
 

 
2,061

 
8,180

 
5,015

 
2,061

 
13,195

 
15,256

 
5,540

 
1989
 
1997
 
40
1000 Howard Boulevard
 
Mt. Laurel
 
NJ
 

 
2,297

 
9,288

 
3,015

 
2,297

 
12,303

 
14,600

 
4,712

 
1988
 
1997
 
40
2000 Midlantic Drive
 
Mt. Laurel
 
NJ
 

 
2,202

 
8,823

 
1,898

 
2,203

 
10,720

 
12,923

 
4,236

 
1989
 
1997
 
40
701 East Gate Drive
 
Mt. Laurel
 
NJ
 

 
1,736

 
6,877

 
1,480

 
1,736

 
8,358

 
10,093

 
3,094

 
1986
 
1998
 
40
9000 Midlantic Drive
 
Mt. Laurel
 
NJ
 

 
1,472

 
5,895

 
1,830

 
1,472

 
7,725

 
9,197

 
2,919

 
1989
 
1997
 
40
307 Fellowship Drive
 
Mt. Laurel
 
NJ
 

 
1,565

 
6,342

 
1,226

 
1,565

 
7,568

 
9,133

 
2,891

 
1981
 
1998
 
40
309 Fellowship Drive
 
Mt. Laurel
 
NJ
 

 
1,518

 
6,154

 
596

 
1,518

 
6,750

 
8,268

 
2,702

 
1982
 
1998
 
40
303 Fellowship Drive
 
Mt. Laurel
 
NJ
 

 
1,493

 
6,055

 
638

 
1,494

 
6,692

 
8,186

 
2,652

 
1979
 
1998
 
40
305 Fellowship Drive
 
Mt. Laurel
 
NJ
 

 
1,421

 
5,768

 
978

 
1,421

 
6,745

 
8,167

 
2,661

 
1980
 
1998
 
40
1000 Bishops Gate
 
Mt. Laurel
 
NJ
 

 
934

 
6,287

 
413

 
934

 
6,700

 
7,634

 
2,028

 
2005
 
2000
 
40
161 Gaither Drive
 
Mt. Laurel
 
NJ
 

 
1,016

 
4,064

 
654

 
1,016

 
4,718

 
5,734

 
1,602

 
1987
 
2001
 
40
4000 Midlantic Drive
 
Mt. Laurel
 
NJ
 

 
714

 
5,085

 
(1,819
)
 
714

 
3,265

 
3,980

 
1,528

 
1998
 
1997
 
40
815 East Gate Drive
 
Mt. Laurel
 
NJ
 

 
636

 
2,584

 
200

 
636

 
2,783

 
3,420

 
1,130

 
1986
 
1998
 
40
817 East Gate Drive
 
Mt. Laurel
 
NJ
 

 
611

 
2,426

 
360

 
611

 
2,785

 
3,397

 
1,200

 
1986
 
1998
 
40
400 Commerce Drive
 
Newark
 
DE
 

 
2,528

 
9,220

 
1,198

 
2,528

 
10,418

 
12,946

 
3,382

 
1997
 
2002
 
40
100 Commerce Drive
 
Newark
 
DE
 

 
1,160

 
4,633

 
716

 
1,160

 
5,350

 
6,509

 
2,209

 
1989
 
1997
 
40
200 Commerce Drive
 
Newark
 
DE
 

 
911

 
4,414

 
1,018

 
911

 
5,432

 
6,343

 
1,844

 
1998
 
2002
 
40
Main Street - Plaza 1000
 
Voorhees
 
NJ
 

 
2,732

 
10,942

 
3,402

 
2,732

 
14,344

 
17,076

 
6,730

 
1988
 
1997
 
40
Main Street - Piazza
 
Voorhees
 
NJ
 

 
696

 
2,802

 
28

 
696

 
2,831

 
3,526

 
1,269

 
1990
 
1997
 
40
Main Street - Promenade
 
Voorhees
 
NJ
 

 
531

 
2,052

 
339

 
532

 
2,391

 
2,922

 
990

 
1988
 
1997
 
40
920 North King Street
 
Wilmington
 
DE
 

 
6,141

 
21,140

 
1,083

 
6,141

 
22,223

 
28,364

 
6,120

 
1989
 
2004
 
30
300 Delaware Avenue
 
Wilmington
 
DE
 

 
6,368

 
13,739

 
2,615

 
6,369

 
16,354

 
22,722

 
5,432

 
1989
 
2004
 
23
Two Righter Parkway
 
Wilmington
 
DE
 

 
2,802

 
11,217

 
6,190

 
2,802

 
17,407

 
20,209

 
3,253

 
1987
 
2001
 
40
One Righter Parkway
 
Wilmington
 
DE
 

 
2,545

 
10,195

 
4,478

 
2,545

 
14,673

 
17,218

 
7,235

 
1989
 
1996
 
40
RICHMOND   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4364 South Alston Avenue
 
Durham
 
NC
 

 
1,622

 
6,419

 
844

 
1,581

 
7,304

 
8,885

 
2,712

 
1985
 
1998
 
40
4805 Lake Brooke Drive
 
Glen Allen
 
VA
 

 
1,640

 
6,567

 
1,661

 
1,640

 
8,227

 
9,868

 
3,496

 
1996
 
1998
 
40
Overlook II
 
Glen Allen
 
VA
 

 
748

 
4,492

 
147

 
791

 
4,595

 
5,386

 
444

 
2000
 
2011
 
40
Overlook I
 
Glen Allen
 
VA
 

 
748

 
3,976

 
149

 
791

 
4,081

 
4,872

 
406

 
1998
 
2011
 
40
2812 Emerywood Parkway
 
Henrico
 
VA
 

 
1,069

 
4,281

 
1,048

 
1,069

 
5,329

 
6,398

 
2,342

 
1980
 
1998
 
40
300 Arboretum Place
 
Richmond
 
VA
 

 
5,450

 
21,892

 
3,707

 
5,450

 
25,599

 
31,049

 
10,276

 
1988
 
1998
 
40
7501 Boulders View Drive
 
Richmond
 
VA
 

 
4,669

 
19,699

 
2,057

 
4,925

 
21,500

 
26,425

 
3,285

 
1990
 
2007
 
40
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amount at Which Carried
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Initial Cost
 
December 31, 2012
 
 
 
 
 
 
Property Name
 
City
 
State
 
Encumberances at
December 31,
2012(a)
 
Land
 
Building and
Improvements
 
Net
Improvements
(Retirements)
Since
Acquisition
 
Land
 
Building and
Improvements
 
Total (b)
 
Accumulated
Depreciation at
December 31,
2012 (c)
 
Year of
Construction
 
Year
Acquired
 
Depreciable
Life
7300 Beaufont Springs Drive
 
Richmond
 
VA
 

 
4,672

 
19,689

 
1,517

 
4,922

 
20,956

 
25,878

 
2,858

 
2000
 
2007
 
40
6800 Paragon Place
 
Richmond
 
VA
 

 
4,552

 
18,414

 
1,918

 
4,552

 
20,332

 
24,884

 
3,705

 
1986
 
2006
 
40
6802 Paragon Place
 
Richmond
 
VA
 

 
2,917

 
11,454

 
2,644

 
2,917

 
14,098

 
17,015

 
4,032

 
1989
 
2002
 
40
1025 Boulders Parkway
 
Richmond
 
VA
 

 
2,574

 
11,297

 
1,390

 
2,824

 
12,437

 
15,261

 
1,770

 
1994
 
2007
 
40
2100-2116 West Laburnam Avenue
 
Richmond
 
VA
 

 
2,482

 
8,846

 
3,046

 
2,482

 
11,892

 
14,374

 
4,783

 
1976
 
1998
 
40
7401 Beaufont Springs Drive
 
Richmond
 
VA
 

 
2,349

 
10,396

 
921

 
2,599

 
11,067

 
13,666

 
1,545

 
1998
 
2007
 
40
7325 Beaufont Springs Drive
 
Richmond
 
VA
 

 
2,344

 
10,377

 
503

 
2,594

 
10,630

 
13,224

 
1,470

 
1999
 
2007
 
40
9011 Arboretum Parkway
 
Richmond
 
VA
 

 
1,857

 
7,702

 
871

 
1,857

 
8,573

 
10,430

 
3,324

 
1991
 
1998
 
40
6806 Paragon Place
 
Richmond
 
VA
 

 

 
10,288

 
106

 
403

 
9,992

 
10,394

 
2,185

 
2007
 
2005
 
40
9100 Arboretum Parkway
 
Richmond
 
VA
 

 
1,362

 
5,489

 
669

 
1,362

 
6,158

 
7,520

 
2,359

 
1988
 
1998
 
40
2511 Brittons Hill Road
 
Richmond
 
VA
 

 
1,202

 
4,820

 
1,472

 
1,202

 
6,292

 
7,494

 
2,698

 
1987
 
1998
 
40
100 Gateway Centre Parkway
 
Richmond
 
VA
 

 
391

 
5,410

 
511

 
391

 
5,921

 
6,312

 
1,595

 
2001
 
1998
 
40
9200 Arboretum Parkway
 
Richmond
 
VA
 

 
985

 
3,973

 
1,242

 
985

 
5,216

 
6,200

 
1,931

 
1988
 
1998
 
40
9210 Arboretum Parkway
 
Richmond
 
VA
 

 
1,110

 
4,474

 
527

 
1,110

 
5,001

 
6,111

 
1,997

 
1988
 
1998
 
40
2201-2245 Tomlynn Street
 
Richmond
 
VA
 

 
1,020

 
4,067

 
685

 
1,020

 
4,752

 
5,772

 
1,780

 
1989
 
1998
 
40
9211 Arboretum Parkway
 
Richmond
 
VA
 

 
582

 
2,433

 
827

 
582

 
3,261

 
3,842

 
1,053

 
1991
 
1998
 
40
2212-2224 Tomlynn Street
 
Richmond
 
VA
 

 
502

 
2,014

 
364

 
502

 
2,378

 
2,880

 
857

 
1985
 
1998
 
40
2244 Dabney Road
 
Richmond
 
VA
 

 
550

 
2,203

 
37

 
550

 
2,240

 
2,790

 
892

 
1993
 
1998
 
40
2221-2245 Dabney Road
 
Richmond
 
VA
 

 
530

 
2,123

 
73

 
530

 
2,196

 
2,726

 
857

 
1994
 
1998
 
40
2248 Dabney Road
 
Richmond
 
VA
 

 
512

 
2,049

 
132

 
512

 
2,181

 
2,693

 
835

 
1989
 
1998
 
40
2277 Dabney Road
 
Richmond
 
VA
 

 
507

 
2,034

 
61

 
507

 
2,095

 
2,602

 
811

 
1986
 
1998
 
40
2246 Dabney Road
 
Richmond
 
VA
 

 
455

 
1,822

 
18

 
455

 
1,840

 
2,295

 
726

 
1987
 
1998
 
40
2161-2179 Tomlynn Street
 
Richmond
 
VA
 

 
423

 
1,695

 
100

 
423

 
1,795

 
2,218

 
697

 
1985
 
1998
 
40
2130-2146 Tomlynn Street
 
Richmond
 
VA
 

 
353

 
1,416

 
354

 
353

 
1,769

 
2,123

 
750

 
1988
 
1998
 
40
2251 Dabney Road
 
Richmond
 
VA
 

 
387

 
1,552

 
153

 
387

 
1,705

 
2,092

 
703

 
1983
 
1998
 
40
2256 Dabney Road
 
Richmond
 
VA
 

 
356

 
1,427

 
218

 
356

 
1,645

 
2,001

 
684

 
1982
 
1998
 
40
2120 Tomlynn Street
 
Richmond
 
VA
 

 
281

 
1,125

 
196

 
281

 
1,321

 
1,602

 
525

 
1986
 
1998
 
40
2240 Dabney Road
 
Richmond
 
VA
 

 
264

 
1,059

 
11

 
264

 
1,069

 
1,333

 
422

 
1984
 
1998
 
40
Boulders Land
 
Richmond
 
VA
 

 
1,256

 

 
28

 
1,259

 
25

 
1,284

 

 
N/A
 
2007
 
N/A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amount at Which Carried
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Initial Cost
 
December 31, 2012
 
 
 
 
 
 
Property Name
 
City
 
State
 
Encumberances at
December 31,
2012 (a)
 
Land
 
Building and
Improvements
 
Net
Improvements
(Retirements)
Since
Acquisition
 
Land
 
Building and
Improvements
 
Total (b)
 
Accumulated
Depreciation at
December 31,
2012 (c)
 
Year of
Construction
 
Year
Acquired
 
Depreciable
Life
CALIFORNIA   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
5900 & 5950 La Place Court
 
Carlsbad
 
CA
 

 
3,706

 
11,185

 
3,123

 
3,954

 
14,059

 
18,014

 
2,451

 
1988
 
2006
 
48
5963 La Place Court
 
Carlsbad
 
CA
 

 
2,824

 
9,413

 
2,069

 
2,998

 
11,307

 
14,306

 
1,840

 
1987
 
2006
 
55
5973 Avenida Encinas
 
Carlsbad
 
CA
 

 
2,121

 
8,361

 
1,433

 
2,255

 
9,659

 
11,915

 
1,942

 
1986
 
2006
 
45
2035 Corte Del Nogal
 
Carlsbad
 
CA
 

 
3,261

 
6,077

 
1,140

 
3,498

 
6,980

 
10,478

 
1,656

 
1991
 
2006
 
39
1200 Concord Avenue
 
Concord
 
CA
 

 
6,395

 
24,664

 
708

 
6,514

 
25,251

 
31,766

 
5,438

 
1984
 
2006
 
34
1220 Concord Avenue
 
Concord
 
CA
 

 
6,476

 
24,966

 
156

 
6,475

 
25,122

 
31,597

 
5,130

 
1984
 
2006
 
34
155 Grand Avenue
 
Oakland
 
CA
 

 
13,556

 
54,266

 
5,016

 
13,555

 
59,284

 
72,839

 
9,841

 
1990
 
2007
 
40
Two Kaiser Plaza
 
Oakland
 
CA
 

 
7,841

 

 

 
7,840

 

 
7,841

 

 
N/A
 
2006
 
N/A
Oakland Lot B
 
Oakland
 
CA
 

 
4,342

 

 

 
4,341

 

 
4,342

 

 
N/A
 
2006
 
N/A
16870 W Bernardo Drive
 
San Diego
 
CA
 

 
2,979

 
15,896

 
1,762

 
3,153

 
17,484

 
20,638

 
2,871

 
2002
 
2006
 
56
AUSTIN
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1250 Capital of Texas Hwy South
 
Austin
 
TX
 

 
5,152

 
37,928

 
6,240

 
5,249

 
44,072

 
49,321

 
8,644

 
1984
 
2006
 
52
1301 Mopac Expressway
 
Austin
 
TX
 

 
4,188

 
41,229

 
(761
)
 
4,249

 
40,407

 
44,657

 
5,765

 
2001
 
2006
 
55
1601 Mopac Expressway
 
Austin
 
TX
 

 
3,538

 
34,346

 
871

 
3,604

 
35,149

 
38,754

 
5,512

 
2000
 
2006
 
54
7000 West at Lantana
 
Austin
 
TX
 

 
4,651

 
20,897

 
1

 
4,650

 
20,898

 
25,549

 

 
N/A
 
2012
 
40
3711 South Mopac Expressway - II
 
Austin
 
TX
 

 
1,688

 
19,229

 
4,317

 
1,687

 
23,546

 
25,233

 
4,807

 
2007
 
2006
 
40
3711 South Mopac Expressway - I
 
Austin
 
TX
 

 
1,688

 
21,011

 
2,464

 
1,687

 
23,477

 
25,163

 
3,395

 
2007
 
2006
 
40
1501 South Mopac Expressway
 
Austin
 
TX
 

 
3,698

 
34,912

 
(2,190
)
 
3,767

 
32,653

 
36,419

 
4,556

 
1999
 
2006
 
53
1221 Mopac Expressway
 
Austin
 
TX
 

 
3,291

 
31,548

 
5,411

 
3,368

 
36,882

 
40,249

 
5,169

 
2001
 
2006
 
55
 
 
Total:
 
 
 
$
443,942

 
$
651,264

 
$
3,533,200

 
$
541,708

 
$
662,107

 
$
4,064,062

 
$
4,726,169

 
$
954,665

 
 
 
 
 
 
(a)
Excludes the effect of any net interest premium/(discount).
(b)
Reconciliation of Real Estate:
The following table reconciles the real estate investments from January 1, 2010 to December 31, 2012 (in thousands):
 
2012
 
2011
 
2010
Balance at beginning of year
$
4,793,080

 
$
4,834,111

 
$
4,512,618

Additions:
 
 
 
 
 
Acquisitions
50,579

 
31,454

 
102,475

Capital expenditures and assets placed into service
90,619

 
133,550

 
336,281

Less:
 
 
 
 
 
Dispositions
(208,109
)
 
(206,035
)
 
(117,263
)
Balance at end of year
$
4,726,169

 
$
4,793,080

 
$
4,834,111


The aggregate cost for federal income tax purposes is $4.0 billion as of December 31, 2012.
(c)
Reconciliation of Accumulated Depreciation:
The following table reconciles the accumulated depreciation on real estate investments from January 1, 2010 to December 31, 2012 (in thousands):

 
2012
 
2011
 
2010
Balance at beginning of year
$
865,710

 
$
776,078

 
$
716,957

Additions:
 
 
 
 
 
Depreciation expense — continuing operations
154,095

 
157,691

 
133,740

Depreciation expense — discontinued operations
2,143

 
1,185

 
1,554

Less:
 
 
 
 
 
Dispositions
(67,283
)
 
(69,244
)
 
(76,173
)
Balance at end of year
$
954,665

 
$
865,710

 
$
776,078



(d) Total net improvements since acquisition for this redevelopment property do not include amounts allocated to construction-in-progress, as shown within the Company's consolidated balance sheet as of December 31, 2012.

(e) This property was contributed to an unconsolidated real estate venture, however, the Company will continue to consolidate this property due to its continuing involvement in this property resulting from its ongoing lease at this property and its 50% ownership interest in the venture. Please see Note 3 to the consolidated financial financial statements for additional information.