DDR Corp.

Real Estate and Accumulated Depreciation

December 31, 2015

(In thousands)

															Total Cost,
	Initial Cost						Total Cost⁽¹⁾								Net of				Depreciable		Date of
			Buildings &						Buildings &				Accumulated		Accumulated				Lives		Construction (C)
	Land		Improvements		Improvements		Land		Improvements		Total		Depreciation		Depreciation		Encumbrances		(Years)⁽²⁾		Acquisition (A)
Bayamon, PR	$	132,074	$	152,441	$	—	$	132,759	$	187,408	$	320,167	$	60,281	$	259,886	$	—		S/L 31.5	2005 (A)
Carolina, PR		28,522		76,947		—		28,601		82,737		111,338		29,062		82,276		72,306		S/L 31.5	2005 (A)
Humacao, PR		16,386		74,059		—		16,386		83,639		100,025		31,377		68,648		—		S/L 31.5	2005 (A)
Isabela, PR		8,175		41,094		—		8,236		43,145		51,381		15,218		36,163		21,778		S/L 31.5	2005 (A)
San German, PR		9,686		20,775		—		9,686		21,615		31,301		7,683		23,618		—		S/L 31.5	2005 (A)
Cayey, PR		18,226		25,101		—		18,538		27,534		46,072		9,485		36,587		20,619		S/L 31.5	2005 (A)
Bayamon, PR		91,645		98,007		—		92,027		123,323		215,350		38,729		176,621		123,657		S/L 31.5	2005 (A)
Rio Piedras, PR		10,338		23,285		—		10,338		29,860		40,198		10,495		29,703		—		S/L 31.5	2005 (A)
Bayamon, PR		4,294		11,987		—		4,584		23,681		28,265		7,237		21,028		—		S/L 31.5	2005 (A)
Arecibo, PR		7,965		29,898		—		8,094		31,685		39,779		11,233		28,546		—		S/L 31.5	2005 (A)
Hatillo, PR		101,219		105,465		—		101,219		134,092		235,311		46,847		188,464		—		S/L 31.5	2005 (A)
Vega Baja, PR		7,076		18,684		—		7,076		19,112		26,188		6,736		19,452		—		S/L 31.5	2005 (A)
Guayama, PR		1,960		18,721		—		1,960		19,559		21,519		6,824		14,695		11,588		S/L 31.5	2005 (A)
Fajardo, PR		4,376		41,199		—		4,376		50,175		54,551		15,316		39,235		24,792		S/L 31.5	2005 (A)
Brandon, FL		—		4,111		—		—		6,403		6,403		5,411		992		—		S/L 30.0	1972 (C)
Stow, OH		993		9,028		—		993		37,257		38,250		18,137		20,113		—		S/L 30.0	1969 (C)
Westlake, OH		424		3,803		201		424		10,411		10,835		7,386		3,449		—		S/L 30.0	1974 (C)
Palm Harbor, FL		1,137		4,089		—		1,137		5,013		6,150		3,111		3,039		—		S/L 31.5	1995 (A)
Homestead, FL		23,390		59,639		—		24,103		62,752		86,855		11,746		75,109		—		S/L 31.5	2008 (C)
Tarpon Springs, FL		146		7,382		81		146		9,905		10,051		7,487		2,564		—		S/L 30.0	1974 (C)
McHenry, IL		1,294		5,251		—		14,255		62,481		76,736		15,491		61,245		—		S/L 31.5	2006 (C)
Seabrook, NH		18,032		68,663		—		18,032		68,663		86,695		2,328		84,367		—		S/L 31.5	2014 (C)
Miami, FL		11,626		30,457		—		26,743		119,140		145,883		29,785		116,098		—		S/L 31.5	2006 (C)
San Antonio, TX		3,990		28,404		—		3,990		38,973		42,963		9,525		33,438		—		S/L 31.5	2007 (C)
Gulfport, MS		—		36,370		—		—		56,682		56,682		22,122		34,560		—		S/L 31.5	2003 (A)
Tupelo, MS		2,213		14,979		—		2,213		19,339		21,552		11,968		9,584		—		S/L 31.5	1994 (A)
Guilford, CT		4,588		41,892		—		4,588		41,892		46,480		228		46,252		—		S/L 31.5	2015 (C)
Long Beach, CA		—		147,918		—		—		183,666		183,666		52,362		131,304		—		S/L 31.5	2005 (C)
Brunswick, ME		3,796		15,459		—		3,796		20,903		24,699		12,237		12,462		—		S/L 31.5	1997 (A)
Reno, NV		1,132		4,696		—		1,132		4,723		5,855		1,663		4,192		—		S/L 31.5	2000 (C)
Everett, MA		9,311		44,647		—		9,462		52,050		61,512		23,691		37,821		—		S/L 31.5	2001 (C)
Pasadena, CA		46,957		101,475		2,053		46,957		112,987		159,944		49,527		110,417		—		S/L 31.5	2003 (A)
Salisbury, MD		2,070		12,495		277		2,071		15,579		17,650		6,910		10,740		—		S/L 31.5	1999 (C)
Apex, NC		9,576		43,619		—		10,521		56,250		66,771		16,255		50,516		—		S/L 31.5	2006 (C)
Erie, PA		9,345		32,006		—		9,345		72,641		81,986		30,683		51,303		—		S/L 31.5	1995 (C)
San Francisco, CA		10,464		25,730		—		10,464		26,178		36,642		9,396		27,246		—		S/L 31.5	2002 (A)
Phoenix, AZ		18,701		18,811		118		18,701		21,100		39,801		6,371		33,430		—		S/L 31.5	1999 (A)

SCHEDULE III

DDR Corp.

Real Estate and Accumulated Depreciation

December 31, 2015

(In thousands)

															Total Cost,
	Initial Cost						Total Cost⁽¹⁾								Net of				Depreciable		Date of
			Buildings &						Buildings &				Accumulated		Accumulated				Lives		Construction (C)
	Land		Improvements		Improvements		Land		Improvements		Total		Depreciation		Depreciation		Encumbrances		(Years)⁽²⁾		Acquisition (A)
Macedonia, OH		11,582		34,323		—		11,582		37,498		49,080		8,887		40,193		18,890		S/L 31.5	2011 (A)
Huber Hts, OH		757		14,469		—		757		27,919		28,676		16,693		11,983		—		S/L 31.5	1993 (A)
Boardman, OH		8,152		27,983		—		8,152		31,271		39,423		16,704		22,719		24,011		S/L 31.5	1997 (C)
Solon, OH		6,220		7,454		—		6,220		25,694		31,914		12,739		19,175		—		S/L 31.5	1998 (C)
Brentwood, MO		10,018		32,053		—		10,018		36,259		46,277		17,536		28,741		30,475		S/L 31.5	1998 (A)
Cedar Rapids, IA		4,219		12,697		—		4,219		14,301		18,520		7,993		10,527		4,292		S/L 31.5	1998 (A)
Springfield, MO		—		2,048		—		—		2,655		2,655		1,438		1,217		—		S/L 31.5	1998 (A)
St. Louis, MO		4,159		3,818		—		6,051		7,896		13,947		2,801		11,146		—		S/L 31.5	1998 (A)
Aurora, OH		832		7,560		—		1,592		14,221		15,813		7,741		8,072		—		S/L 31.5	1995 (C)
Nampa, ID		1,395		8,563		—		13,560		35,533		49,093		17,163		31,930		—		S/L 31.5	2007 (A)
Simpsonville, SC		417		6,563		—		417		10,186		10,603		4,243		6,360		—		S/L 31.5	1994 (A)
Mt. Pleasant, SC		2,430		10,470		—		2,364		21,590		23,954		12,767		11,187		—		S/L 31.5	1995 (A)
Sault St. Marie, MI		1,826		13,710		—		1,826		20,683		22,509		11,816		10,693		—		S/L 31.5	1994 (A)
Grand Rapids, MI		3,380		17,323		—		3,380		26,481		29,861		13,761		16,100		—		S/L 31.5	1995 (A)
Meridian, ID		24,591		31,779		—		24,841		65,015		89,856		25,723		64,133		—		S/L 31.5	2001 (C)
Birmingham, AL		10,573		26,002		—		11,434		59,811		71,245		28,922		42,323		—		S/L 31.5	1994 (A)
Valencia, CA		—		15,784		—		—		18,015		18,015		6,227		11,788		—		S/L 31.5	2006 (A)
Mooresville, NC		14,369		43,688		—		14,369		47,134		61,503		17,341		44,162		—		S/L 31.5	2004 (A)
Wilmington, NC		5,529		18,551		1,183		5,529		37,424		42,953		24,248		18,705		—		S/L 31.5	1989 (C)
Spring Hill, FL		1,084		4,816		266		2,096		12,127		14,223		8,123		6,100		2,129		S/L 30.0	1988 (C)
Centennial, CO		7,833		35,550		—		8,082		66,379		74,461		32,471		41,990		—		S/L 31.5	1997 (C)
New Bern, NC		441		6,575		—		441		9,092		9,533		4,745		4,788		—		S/L 31.5	1989 (C)
Princeton, NJ		13,448		74,249		—		14,464		98,744		113,208		47,673		65,535		56,075		S/L 31.5	1997 (A)
Phoenix, AZ		15,352		22,813		1,601		15,352		27,269		42,621		14,661		27,960		30,000		S/L 31.5	2003 (A)
Russellville, AR		606		13,391		—		606		20,915		21,521		11,086		10,435		—		S/L 31.5	1994 (A)
N. Little Rock, AR		907		17,160		—		907		23,564		24,471		11,977		12,494		—		S/L 31.5	1994 (A)
Littleton, CO		12,249		50,709		—		12,621		73,262		85,883		26,943		58,940		—		S/L 31.5	2002 (C)
San Antonio, TX		3,475		37,327		—		4,873		49,822		54,695		18,644		36,051		24,398		S/L 31.5	2002 (C)
Denver, CO		1,141		3,593		—		1,141		6,545		7,686		2,139		5,547		—		S/L 31.5	2001 (A)
Dublin, OH		3,609		11,546		—		3,609		15,025		18,634		7,700		10,934		—		S/L 31.5	1998 (A)
Columbus, OH		12,922		46,006		—		14,078		61,197		75,275		30,755		44,520		49,384		S/L 31.5	1998 (A)
Freehold, NJ		2,460		2,475		—		3,166		3,369		6,535		763		5,772		—		S/L 31.5	2005 (C)
Jackson, MS		4,190		6,783		—		4,190		7,712		11,902		3,139		8,763		—		S/L 31.5	2003 (A)
Tallahassee, FL		1,881		2,956		—		1,311		6,117		7,428		2,927		4,501		—		S/L 31.5	2003 (A)
Cumming, GA		14,249		23,653		—		14,249		25,732		39,981		10,832		29,149		—		S/L 31.5	2003 (A)
Douglasville, GA		3,540		9,625		—		3,540		9,930		13,470		4,312		9,158		—		S/L 31.5	2003 (A)
Newnan, GA		2,858		15,248		—		2,651		15,918		18,569		5,278		13,291		—		S/L 31.5	2003 (A)

SCHEDULE III

DDR Corp.

Real Estate and Accumulated Depreciation

December 31, 2015

(In thousands)

															Total Cost,
	Initial Cost						Total Cost⁽¹⁾								Net of				Depreciable		Date of
			Buildings &						Buildings &				Accumulated		Accumulated				Lives		Construction (C)
	Land		Improvements		Improvements		Land		Improvements		Total		Depreciation		Depreciation		Encumbrances		(Years)⁽²⁾		Acquisition (A)
Warner Robins, GA		5,729		7,459		—		5,729		8,028		13,757		3,512		10,245		—		S/L 31.5	2003 (A)
Charleston, SC		3,479		9,850		—		3,479		18,869		22,348		9,923		12,425		—		S/L 31.5	2003 (A)
Denver, CO		20,733		22,818		—		20,804		27,530		48,334		10,968		37,366		—		S/L 31.5	2003 (A)
Hendersonville, TN		3,249		9,068		—		3,249		9,123		12,372		3,855		8,517		3,270		S/L 31.5	2003 (A)
Chester, VA		10,780		4,752		—		10,780		13,715		24,495		3,951		20,544		—		S/L 31.5	2003 (A)
Suwanee, GA		13,479		23,923		—		13,335		33,029		46,364		13,143		33,221		24,011		S/L 31.5	2003 (A)
West Allis, WI		2,371		10,982		—		1,703		12,274		13,977		4,941		9,036		—		S/L 31.5	2003 (A)
West Long Branch, NJ		14,131		51,982		—		14,131		60,972		75,103		21,334		53,769		—		S/L 31.5	2004 (A)
Mays Landing, NJ		49,033		107,230		—		49,033		116,497		165,530		44,688		120,842		59,259		S/L 31.5	2004 (A)
Toledo, OH		1,316		3,961		—		928		3,143		4,071		1,411		2,660		—		S/L 31.5	2004 (A)
Mays Landing, NJ		36,224		56,949		—		36,224		62,995		99,219		23,603		75,616		—		S/L 31.5	2004 (A)
Horseheads, NY		829		3,630		—		6,061		35,350		41,411		7,039		34,372		—		S/L 31.5	2008 (C)
West Seneca, NY		2,929		12,926		—		2,929		13,193		16,122		4,965		11,157		—		S/L 31.5	2004 (A)
Amherst, NY		—		28,331		—		—		20,559		20,559		11,967		8,592		—		S/L 31.5	2004 (A)
Ithaca, NY		9,198		42,969		—		8,138		41,175		49,313		16,438		32,875		4,599		S/L 31.5	2004 (A)
Hamburg, NY		2,565		9,238		—		997		7,255		8,252		2,164		6,088		—		S/L 31.5	2004 (A)
Hamburg, NY		6,598		31,853		—		6,598		35,896		42,494		13,264		29,230		—		S/L 31.5	2004 (A)
Hamburg, NY		4,152		22,075		—		4,152		24,292		28,444		8,630		19,814		—		S/L 31.5	2004 (A)
Olean, NY		8,834		29,813		—		8,071		30,312		38,383		12,093		26,290		—		S/L 31.5	2004 (A)
Big Flats, NY		22,229		52,579		—		19,670		57,783		77,453		22,152		55,301		—		S/L 31.5	2004 (A)
Williamsville, NY		5,021		6,768		—		5,021		9,108		14,129		4,086		10,043		—		S/L 31.5	2004 (A)
Buffalo, NY		6,010		19,044		—		3,653		13,894		17,547		6,513		11,034		—		S/L 31.5	2004 (A)
Lockport, NY		9,253		23,829		—		4,813		18,289		23,102		9,000		14,102		—		S/L 31.5	2004 (A)
Buffalo, NY		3,568		29,001		—		3,620		30,525		34,145		11,268		22,877		—		S/L 31.5	2004 (A)
Cheektowaga, NY		15,471		25,600		—		6,937		17,897		24,834		10,651		14,183		1,053		S/L 31.5	2004 (A)
Gates, NY		9,369		40,672		—		9,369		42,312		51,681		16,275		35,406		—		S/L 31.5	2004 (A)
Rome, NY		4,565		5,078		—		2,975		7,223		10,198		3,240		6,958		205		S/L 31.5	2004 (A)
Niskayuna, NY		20,297		51,155		—		20,297		55,603		75,900		20,254		55,646		7,535		S/L 31.5	2004 (A)
Allentown, PA		5,558		20,060		—		5,343		23,553		28,896		9,285		19,611		8,767		S/L 31.5	2003 (A)
Ft. Collins, CO		1,129		2,054		—		1,129		4,585		5,714		1,841		3,873		—		S/L 31.5	2003 (A)
Hamilton, NJ		8,039		49,896		—		11,774		86,138		97,912		31,935		65,977		—		S/L 31.5	2003 (A)
Lansing, MI		1,598		6,999		—		2,289		17,175		19,464		4,883		14,581		—		S/L 31.5	2003 (A)
San Antonio, TX		1,613		10,791		—		6,168		73,639		79,807		16,375		63,432		—		S/L 31.5	2007 (C)
San Antonio, TX		2,381		6,487		—		2,381		22,961		25,342		6,778		18,564		—		S/L 31.5	2007 (A)
Kyle, TX		2,548		7,349		—		12,678		27,137		39,815		3,252		36,563		—		S/L 31.5	2009 (C)
Brandon, FL		7,713		26,802		—		7,713		31,248		38,961		4,410		34,551		9,195		S/L 31.5	2009 (A)
Atlanta, GA		14,078		41,050		—		14,078		42,654		56,732		8,399		48,333		42,596		S/L 31.5	2009 (A)

SCHEDULE III

DDR Corp.

Real Estate and Accumulated Depreciation

December 31, 2015

(In thousands)

															Total Cost,
	Initial Cost						Total Cost⁽¹⁾								Net of				Depreciable		Date of
			Buildings &						Buildings &				Accumulated		Accumulated				Lives		Construction (C)
	Land		Improvements		Improvements		Land		Improvements		Total		Depreciation		Depreciation		Encumbrances		(Years)⁽²⁾		Acquisition (A)
Marietta, GA		8,425		27,737		—		8,425		28,538		36,963		5,897		31,066		—		S/L 31.5	2009 (A)
Maple Grove, MN		8,917		23,954		—		8,917		25,663		34,580		4,036		30,544		—		S/L 31.5	2011 (A)
Charlotte, NC		27,707		45,021		—		27,707		50,241		77,948		7,543		70,405		—		S/L 31.5	2011 (A)
Charlotte, NC		4,733		5,424		—		4,733		6,623		11,356		820		10,536		—		S/L 31.5	2011 (A)
Colorado Springs, CO		9,001		47,671		—		9,001		53,081		62,082		5,253		56,829		20,244		S/L 31.5	2011 (A)
Columbus, OH		18,716		64,617		—		20,666		70,147		90,813		9,570		81,243		43,043		S/L 31.5	2011 (A)
Portland, OR		20,208		50,738		—		20,208		51,860		72,068		6,735		65,333		—		S/L 31.5	2012 (A)
Phoenix, AZ		15,090		36,880		—		15,090		38,698		53,788		5,811		47,977		—		S/L 31.5	2012 (A)
Charlotte, NC		3,600		30,392		—		5,231		35,059		40,290		2,841		37,449		—		S/L 31.5	2013 (C)
Tucson, AZ		19,298		94,117		—		19,088		97,191		116,279		11,912		104,367		—		S/L 31.5	2012 (A)
Phoenix, AZ		34,201		88,475		—		34,201		97,658		131,859		12,256		119,603		—		S/L 31.5	2012 (A)
Independence, MO		5,011		45,752		—		5,011		47,345		52,356		5,411		46,945		—		S/L 31.5	2012 (A)
Arnold, MO		892		5,283		—		228		3,287		3,515		833		2,682		—		S/L 31.5	2012 (A)
Charlotte, NC		11,224		82,124		—		11,224		89,058		100,282		10,220		90,062		—		S/L 31.5	2012 (A)
Raleigh, NC		3,317		35,411		—		3,317		37,268		40,585		4,182		36,403		—		S/L 31.5	2012 (A)
Oakland, CA		4,361		33,538		—		4,361		33,538		37,899		3,087		34,812		—		S/L 31.5	2013 (A)
Highland Village, TX		5,545		28,365		—		5,545		30,253		35,798		3,042		32,756		—		S/L 31.5	2013 (A)
Tampa, FL		4,124		20,082		—		4,124		21,284		25,408		2,132		23,276		—		S/L 31.5	2013 (A)
Douglasville, GA		6,812		24,645		—		6,812		25,010		31,822		2,362		29,460		—		S/L 31.5	2013 (A)
Midlothian, VA		3,507		9,229		—		3,507		9,254		12,761		848		11,913		—		S/L 31.5	2013 (A)
Midlothian, VA		4,754		20,273		—		4,754		25,583		30,337		2,235		28,102		—		S/L 31.5	2013 (A)
Newport News, VA		963		7,120		—		963		7,122		8,085		745		7,340		—		S/L 31.5	2013 (A)
Cumming, GA		6,851		49,659		—		6,851		49,811		56,662		4,655		52,007		—		S/L 31.5	2013 (A)
Winter Garden, FL		38,945		130,382		—		38,945		132,894		171,839		11,689		160,150		—		S/L 31.5	2013 (A)
Mason, OH		2,032		23,788		—		2,032		24,207		26,239		1,364		24,875		—		S/L 31.5	2014 (A)
Roseville, CA		23,574		67,031		—		23,574		67,331		90,905		3,592		87,313		—		S/L 31.5	2014 (A)
Chicago, IL		22,642		82,754		—		22,642		82,878		105,520		4,024		101,496		50,500		S/L 31.5	2014 (A)
Jenkintown, PA		4,705		21,918		—		4,705		24,833		29,538		1,160		28,378		—		S/L 30.0	2014 (A)
Buena Park, CA		27,269		21,427		—		27,269		21,427		48,696		610		48,086		—		S/L 31.5	2015 (A)
Orlando, FL		9,169		23,473		—		9,169		23,473		32,642		593		32,049		—		S/L 31.5	2015 (A)
Houston, TX		15,179		60,407		—		15,179		60,407		75,586		1,310		74,276		—		S/L 31.5	2015 (A)
Orlando, FL		23,082		44,360		—		23,082		44,360		67,442		—		67,442		—		S/L 31.5	2015 (A)
Cincinnati, OH		19,572		54,495		—		19,572		49,444		69,016		2,061		66,955		62,575		S/L 31.5	2014 (A)
Dumfries, VA		12,911		10,092		—		12,911		10,096		23,007		407		22,600		12,120		S/L 31.5	2014 (A)
Hamilton, OH		1,805		8,502		—		1,805		8,502		10,307		367		9,940		—		S/L 31.5	2014 (A)
Mechanicsburg, PA		12,574		57,283		—		12,574		57,538		70,112		2,538		67,574		—		S/L 31.5	2014 (A)
Vancouver, WA		4,169		25,769		—		4,169		25,806		29,975		1,196		28,779		—		S/L 31.5	2014 (A)

SCHEDULE III

DDR Corp.

Real Estate and Accumulated Depreciation

December 31, 2015

(In thousands)

															Total Cost,
	Initial Cost						Total Cost⁽¹⁾								Net of				Depreciable		Date of
			Buildings &						Buildings &				Accumulated		Accumulated				Lives		Construction (C)
	Land		Improvements		Improvements		Land		Improvements		Total		Depreciation		Depreciation		Encumbrances		(Years)⁽²⁾		Acquisition (A)
Vista, CA		12,677		47,145		—		12,677		48,411		61,088		2,276		58,812		33,200		S/L 31.5	2014 (A)
Fontana, CA		23,861		57,931		—		23,861		58,499		82,360		2,586		79,774		57,894		S/L 31.5	2014 (A)
Grandville, MI		6,483		18,933		—		6,204		19,089		25,293		1,921		23,372		—		S/L 31.5	2013 (A)
Aurora, CO		4,816		20,798		—		4,816		21,613		26,429		1,669		24,760		—		S/L 31.5	2013 (A)
Irving, TX		17,701		10,571		—		17,701		11,674		29,375		1,114		28,261		—		S/L 31.5	2013 (A)
Brentwood, TN		6,101		25,956		—		6,101		27,225		33,326		2,163		31,163		—		S/L 31.5	2013 (A)
St. Paul, MN		7,150		21,558		—		7,150		22,998		30,148		2,886		27,262		—		S/L 20.0	2013 (A)
Columbia, SC		2,950		29,065		—		2,950		39,031		41,981		3,048		38,933		—		S/L 31.5	2013 (A)
Merriam, KS		7,153		41,811		—		7,153		42,794		49,947		3,522		46,425		—		S/L 31.5	2013 (A)
Plant City, FL		4,304		24,875		—		4,304		29,207		33,511		2,488		31,023		—		S/L 31.5	2013 (A)
North Canton, OH		9,889		46,335		—		9,889		47,908		57,797		4,085		53,712		—		S/L 31.5	2013 (A)
North Olmsted, OH		24,352		61,449		—		24,352		63,143		87,495		7,703		79,792		—		S/L 20.0	2013 (A)
Parker, CO		9,089		35,697		—		9,089		36,553		45,642		2,790		42,852		—		S/L 31.5	2013 (A)
Schaumburg, IL		27,466		84,679		—		27,466		93,030		120,496		7,002		113,494		—		S/L 31.5	2013 (A)
Naples, FL		10,172		39,342		—		10,172		39,616		49,788		3,140		46,648		—		S/L 31.5	2013 (A)
Fairfax, VA		15,681		68,536		—		15,681		69,260		84,941		5,216		79,725		—		S/L 31.5	2013 (A)
Framingham, MA		75,675		191,594		—		75,675		203,151		278,826		15,256		263,570		—		S/L 31.5	2013 (A)
Lithonia, GA		2,477		3,476		—		2,292		3,347		5,639		278		5,361		—		S/L 31.5	2013 (A)
Lithonia, GA		4,546		5,951		—		4,014		5,324		9,338		536		8,802		—		S/L 31.5	2013 (A)
Mesquite, TX		7,051		25,531		—		7,051		26,280		33,331		2,113		31,218		—		S/L 31.5	2013 (A)
Plainville, CT		17,528		59,777		—		17,528		65,841		83,369		5,204		78,165		46,525		S/L 31.5	2013 (A)
Coon Rapids, MN		25,692		106,300		—		25,692		108,918		134,610		9,058		125,552		57,512		S/L 31.5	2013 (A)
Brookfield, WI		4,791		16,023		—		4,791		18,040		22,831		2,828		20,003		5,747		S/L 20.0	2013 (A)
Brown Deer, WI		8,465		32,652		—		8,465		35,334		43,799		4,405		39,394		11,861		S/L 20.0	2013 (A)
Tinley Park, IL		9,120		37,496		—		9,120		50,438		59,558		7,066		52,492		—		S/L 31.5	2012 (A)
Snellville, GA		10,185		51,815		—		10,342		57,003		67,345		16,365		50,980		20,856		S/L 31.5	2007 (A)
Union, NJ		7,650		15,689		—		7,650		24,964		32,614		6,571		26,043		—		S/L 31.5	2007 (A)
Taylors, SC		1,732		4,506		—		351		1,941		2,292		1,219		1,073		—		S/L 31.5	2007 (A)
Bradenton, FL		10,766		31,203		—		8,880		34,612		43,492		9,575		33,917		—		S/L 31.5	2007 (A)
Tampa, FL		1,699		3,338		—		1,429		3,015		4,444		961		3,483		—		S/L 31.5	2007 (A)
Tequesta, FL		2,108		7,400		—		1,690		12,298		13,988		2,778		11,210		—		S/L 31.5	2007 (A)
Roswell, GA		6,566		15,005		—		7,894		25,905		33,799		8,943		24,856		—		S/L 31.5	2007 (A)
Greensboro, NC		3,153		9,455		—		3,153		10,076		13,229		2,897		10,332		—		S/L 31.5	2007 (A)
East Hanover, NJ		3,847		23,798		—		3,847		24,907		28,754		6,979		21,775		—		S/L 31.5	2007 (A)
Lexington, SC		1,795		9,933		—		1,795		10,018		11,813		2,831		8,982		—		S/L 31.5	2007 (A)
Newport News, VA		10,064		21,272		—		4,026		11,486		15,512		4,985		10,527		—		S/L 31.5	2007 (A)
Richmond, VA		11,879		34,736		—		11,879		35,957		47,836		10,508		37,328		—		S/L 31.5	2007 (A)

SCHEDULE III

DDR Corp.

Real Estate and Accumulated Depreciation

December 31, 2015

(In thousands)

																	Total Cost,
	Initial Cost						Total Cost⁽¹⁾										Net of					Depreciable		Date of
			Buildings &							Buildings &					Accumulated		Accumulated					Lives		Construction (C)
	Land		Improvements		Improvements		Land			Improvements			Total		Depreciation		Depreciation		Encumbrances			(Years)⁽²⁾		Acquisition (A)
Springfield, VA		17,016		40,038		—		17,016			41,771			58,787		12,376		46,411		—			S/L 31.5	2007 (A)
Windsor Court, CT		6,090		11,745		—		6,090			12,252			18,342		3,412		14,930		—			S/L 31.5	2007 (A)
Valrico, FL		3,282		12,190		—		2,466			16,299			18,765		4,703		14,062		—			S/L 31.5	2007 (A)
Bowie, MD		5,739		14,301		—		5,744			14,415			20,159		4,171		15,988		—			S/L 31.5	2007 (A)
Cornelius, NC		4,382		15,184		—		4,382			20,492			24,874		6,646		18,228		—			S/L 31.5	2007 (A)
Raleigh, NC		2,728		10,665		—		413			4,062			4,475		2,885		1,590		—			S/L 31.5	2007 (A)
Edgewater, NJ		7,714		30,473		—		7,714			31,020			38,734		8,805		29,929		—			S/L 31.5	2007 (A)
Plantation, FL		21,729		37,331		—		22,112			95,030			117,142		28,545		88,597		45,055			S/L 31.5	2007 (A)
Sylvania, GA		431		3,774		—		431			3,774			4,205		1,111		3,094		—			S/L 31.5	2007 (A)
Winston Salem, NC		7,156		15,010		—		7,156			15,010			22,166		4,404		17,762		2,259			S/L 31.5	2007 (A)
Alliance, OH		812		16,244		—		812			16,244			17,056		4,749		12,307		—			S/L 31.5	2007 (A)
Cincinnati, OH		2,805		5,028		—		2,805			5,028			7,833		1,446		6,387		—			S/L 31.5	2007 (A)
Greenville, SC		5,659		14,411		—		5,659			14,411			20,070		4,239		15,831		2,498			S/L 31.5	2007 (A)
Evansville, IN		8,964		18,764		—		8,964			18,783			27,747		5,472		22,275		—			S/L 31.5	2007 (A)
Portfolio Balance (DDR) – unencumbered		100,289		125,507		—		100,289			125,507			225,796		399		225,397		—			S/L 31.5
Portfolio Balance (DDR) – encumbered		14,549		193,424		—		14,549			193,424			207,973		93,494		114,479		27,454			S/L 31.5
	$	2,240,754	$	6,546,831	$	5,780	$	2,284,214	(3)	$	7,843,985	(4)	$	10,128,199	$	2,062,899	$	8,065,300	$	1,174,227	(5)

(1)	The aggregate cost for federal income tax purposes was approximately $10.6 billion at December 31, 2015.

(2)	S/L refers to straight-line depreciation.

(3)	Includes $100.1 million of land under development at December 31, 2015.

(4)	Includes $135.3 million of construction in progress at December 31, 2015.

(5)	Excludes fair market value of debt adjustments and unamortized debt issuance costs aggregating 8.9 million.

SCHEDULE III

The changes in Total Real Estate Assets, excluding real estate held for sale, are as follows:

	For the Year Ended December 31,
	2015			2014			2013
Balance at beginning of year	$	10,335,785		$	10,211,611		$	8,639,111
Acquisitions and transfers from joint ventures		226,885			632,672			1,776,474
Developments, improvements and expansions		305,772			249,891			194,243
Real estate held for sale		—			—			(16,450	)
Adjustments of property carrying values		(279,021	)		(38,052	)		(72,597	)
Sales, transfers to joint ventures and retirements		(461,222	)		(720,337	)		(309,170	)
Balance at end of year	$	10,128,199		$	10,335,785		$	10,211,611

The changes in Accumulated Depreciation and Amortization, excluding real estate held for sale, are as follows:

	For the Year Ended December 31,
	2015			2014			2013
Balance at beginning of year	$	1,909,585		$	1,823,199		$	1,670,717
Depreciation for year		309,462			309,595			267,096
Real estate held for sale		—			—			(3,780	)
Sales and retirements		(156,148	)		(223,209	)		(110,834	)
Balance at end of year	$	2,062,899		$	1,909,585		$	1,823,199