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SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
 12 Months Ended
Dec. 31, 2018
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2018 
(in thousands)
Initial Cost Gross Amount at End of Year
DescriptionYear of AcquisitionEncumbrancesLand Buildings & Improvements Cost Cap. Sub. To Acq. Land Cost Cap. Sub. To Acq. Bldg & ImprovementsLand Buildings & Improvements Total Bldg & Improvements Accumulated Depreciation Year of Original ConstructionDepreciation Life
Homewood Suites Orlando - Maitland, FL2010 — $1,800 $7,200 $34 $5,139 $1,834 $12,339 $14,173 $12,339 $2,932 2000(1)
Homewood Suites Boston - Billerica, MA2010 15,965 1,470 10,555 48 3,597 1,518 14,152 15,670 14,152 2,890 1999(1)
Homewood Suites Minneapolis - Mall of America, Bloomington, MN2010 — 3,500 13,960 19 3,992 3,519 17,952 21,471 17,952 4,007 1998(1)
Homewood Suites Nashville - Brentwood, TN2010 — 1,525 9,300 12 3,563 1,537 12,863 14,400 12,863 2,856 1998(1)
Homewood Suites Dallas - Market Center, Dallas, TX2010 — 2,500 7,583 30 3,276 2,530 10,859 13,389 10,859 2,344 1998(1)
Homewood Suites Hartford - Farmington, CT2010 — 1,325 9,375 92 1,281 1,417 10,656 12,073 10,656 2,588 1999(1)
Hampton Inn & Suites Houston - Houston, TX2010 18,026 3,200 12,709 56 1,595 3,256 14,304 17,560 14,304 3,170 1997(1)
Residence Inn Holtsville - Holtsville, NY2010 — 2,200 18,765 — 1,159 2,200 19,924 22,124 19,924 4,443 2004(1)
Courtyard Altoona - Altoona, PA2010 — — 10,730 — 1,068 — 11,798 11,798 11,798 2,728 2001(1)
SpringHill Suites Washington - Washington, PA2010 — 1,000 10,692 — (5,604)1,000 5,088 6,088 5,088 2,453 2000(1)
Residence Inn White Plains - White Plains, NY2010 — 2,200 17,677 — 7,463 2,200 25,140 27,340 25,140 5,642 1982(1)
Residence Inn New Rochelle - New Rochelle, NY2010 13,361 — 20,281 9 3,117 9 23,398 23,407 23,398 5,288 2000(1)
Residence Inn Garden Grove - Garden Grove, CA2011 32,620 7,109 35,484 — 1,926 7,109 37,410 44,519 37,410 7,405 2003(1)
Residence Inn Mission Valley - San Diego, CA2011 27,885 9,856 39,535 — 2068 9,856 41,603 51,459 41,603 7,666 2003(1)
Homewood Suites San Antonio - San Antonio, TX2011 15,916 5,999 24,764 7 5,181 6,006 29,945 35,951 29,945 5,900 1996(1)
Residence Inn Washington DC - Washington, DC2011 — 6,083 22,063 28 5,597 6,111 27,660 33,771 27,660 5,968 1974(1)
Residence Inn Tyson's Corner - Vienna, VA2011 21,782 5,752 28,917 — 568 5,752 29,485 35,237 29,485 5,491 2001(1)
Hampton Inn Portland Downtown - Portland, ME2012 — 4,315 22,664 — 248 4,315 22,912 27,227 22,912 3,460 2011(1)
Courtyard Houston - Houston, TX2013 17,976 5,600 27,350 — 2,143 5,600 29,493 35,093 29,493 4,285 2010(1)
Hyatt Place Pittsburgh - Pittsburgh, PA2013 21,989 3,000 35,576 — 1208 3,000 36,784 39,784 36,784 5,049 2011(1)
Hampton Inn & Suites Exeter - Exeter, NH2013 — 1,900 12,350 4 118 1,904 12,468 14,372 12,468 1,692 2010(1)
Hilton Garden Inn Denver Tech - Denver, CO2013 — 4,100 23,100 5 595 4,105 23,695 27,800 23,695 3,274 1999(1)
Residence Inn Bellevue - Bellevue, WA2013 44,680 13,800 56,957 — 2,151 13,800 59,108 72,908 59,108 7,846 2008(1)
SpringHill Suites Savannah - Savannah, GA2013 30,000 2,400 36,050 — 1,324 2,400 37,374 39,774 37,374 4,942 2009(1)
Residence Inn Silicon Valley I - Sunnyvale, CA201464,800 42,652 45,846 — 448 42,652 46,294 88,946 46,294 14,049 1983(1) 
Residence Inn Silicon Valley II - Sunnyvale, CA201470,700 46,474 50,380 — 1047 46,474 51,427 97,901 51,427 15,564 1985(1) 
Residence Inn San Mateo - San Mateo, CA201448,600 38,420 31,352 — 507 38,420 31,859 70,279 31,859 9,656 1985(1) 
Residence Inn Mt. View - Mountain View, CA201437,900 22,019 31,813 — 9,807 22,019 41,620 63,639 41,620 10,888 1985(1) 
Hyatt Place Cherry Creek - Cherry Creek, CO2014— 3,700 26,300 — 1,651 3,700 27,951 31,651 27,951 3,065 1987(1) 
Courtyard Addison - Dallas, TX2014— 2,413 21,554 — 2,236 2,413 23,790 26,203 23,790 2,579 2000(1) 
Courtyard West University - Houston, TX2014— 2,012 17,916 — 478 2,012 18,394 20,406 18,394 1,938 2004(1) 
Residence Inn West University - Houston, TX2014— 3,640 25,631 — 1,476 3,640 27,107 30,747 27,107 2,958 2004(1) 
Hilton Garden Inn Burlington - Burlington, MA2014— 4,918 27,193 — 1,471 4,918 28,664 33,582 28,664 3,192 1975(1) 
Residence Inn Gaslamp - San Diego, CA2015— — 89,040 — 1,688 — 90,728 90,728 90,728 8,799 2009(1) 
Hilton Garden Inn Marina del Rey, CA201521,355 — 43,210 — 627 — 43,837 43,837 43,837 3,652 2013(1) 
Residence Inn Dedham, MA2015— 4,230 17,304 — 37 4,230 17,341 21,571 17,341 1,504 1998(1) 
Residence Inn Ft. Lauderdale, FL2015— 9,200 24,048 — 1041 9,200 25,089 34,289 25,089 2,110 2008(1) 
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Initial Cost Gross Amount at End of Year
DescriptionYear of AcquisitionEncumbrancesLand Buildings & Improvements Cost Cap. Sub. To Acq. Land Cost Cap. Sub. To Acq. Bldg & ImprovementsLand Buildings & Improvements Total Bldg & Improvements Accumulated Depreciation Year of Original ConstructionDepreciation Life
Warner Center2017— 6,500 — 99 — 6,599 — 6,599 — — (1)
Hilton Garden Inn Portsmouth, NH2017— 3,600 37,630 — 254 3,600 37,884 41,484 37,884 1215 2006(1)
Courtyard Summerville, SC2017— 2,500 16,923 — 129 2,500 17,052 19,552 17,052 480 2014(1)
Embassy Suites Springfield, VA2017— 7,700 58,807 — 264 7,700 59,071 66,771 59,071 1583 2013(1)
Residence Inn Summerville, SC 2018 — 2,300 17,060 — 198 2,300 17,258 19,558 17,258 150 2018 (1)
Courtyard Dallas Downtown, TX 2018 — 2,900 42,760 — 73 2,900 42,833 45,733 42,833 79 2018 (1)
Grand Total(s)$295,812 $1,138,404 $443 $76,205 $296,255 $1,214,609 $1,510,864 $1,214,609 $187,780 

(1) Depreciation is computed based upon the following estimated useful lives:
Years
Building40
Land improvements20
Building improvements5-20

Notes:
(a) The change in total cost of real estate assets for the year ended is as follows:
2018 2017 2016 2015 2014 2013 
Balance at the beginning of the year$1,431,374 $1,320,273 $1,306,192 $1,105,504 $654,560 423,729 
Acquisitions65,020 133,660 — 187,032 444,233 222,273 
Dispositions during the year— (33,053)— — — — 
Capital expenditures and transfers from construction-in-progress14,470 10,494 14,081 13,656 6,711 8,558 
Investment in Real Estate$1,510,864 $1,431,374 $1,320,273 $1,306,192 $1,105,504 $654,560 







-continued-
(b) The change in accumulated depreciation and amortization of real estate assets for the year ended is as follows:
Balance at the beginning of the year$148,071 $116,866 $83,245 $50,910 $28,980 17,398 
Depreciation and amortization39,709 36,401 33,621 32,335 21,930 11,582 
Dispositions during the year$— $(5196)$— $— $— $— 
Balance at the end of the year$187,780 $148,071 $116,866 $83,245 $50,910 $28,980 
(c) The aggregate cost of properties for federal income tax purposes (in thousands) is approximately $1,511,033 as of December 31, 2018.