Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2012

Real Estate And Accumulated Depreciation Disclosure

Real Estate and Accumulated Depreciation Disclosure

Description (1)

Encumbrances (2)

Initial cost to company

Cost capitalized subsequent to acquisition

Gross amount at which carried at close of period (4)

Accumulated depreciation

Date of construction

Date acquired

Life on which depreciation in latest income statements is computed

54,604 sites

2,120,804

(3)

8,316,547

(2,968,230)

Various

Up to 20 years

(1)

No single site exceeds 5% of the aggregate gross amounts at which the assets were carried at the close of the period set forth in the table above.

(2)

Certain assets secure debt of approximately $2.1 billion.

(3)

The Company has omitted this information, as it would be impracticable to compile such information on a site-by-site basis.

(4)

Does not include sites under construction accounts.

Gross amount at which carried at January 1, 2012			7,192,641

Additions during period:
	Acquisitions through foreclosure	0
	Other acquisitions (1)	739,144
	Discretionary capital projects (2)	217,935
	Discretionary ground lease purchases (3)	93,990
	Redevelopment capital expenditures (4)	67,309
	Capital improvements (5)	70,453
	Other (6)	30,813
Total additions			1,219,644

Deductions during period:
	Cost of real estate sold or disposed	(15,288)
	Other (7)	(80,450)
Total deductions:			(95,738)

Balance at December 31, 2012			8,316,547

(1)	Other acquisitions include acquisitions of sites.
(2)	Discretionary capital projects include amounts incurred primarily for the construction of new sites.
(3)	Discretionary ground lease purchases include amounts incurred to purchase or otherwise secure the land under communications sites.
(4)	Redevelopment capital expenditures include amounts incurred to increase the capacity of existing sites, which results in new incremental tenant revenue.
(5)	Capital improvements include amounts incurred to maintain existing sites.
(6)	Primarily includes asset retirement obligations and regional improvements
(7)	Primarily includes foreign currency exchange rate fluctuations.

Gross amount of accumulated depreciation at January 1, 2012			(2,646,927)

Additions during period:
	Depreciation	(344,778)
	Other	(253)
Total additions			(345,031)

Deductions during period:
	Amount of accumulated depreciation for assets sold or disposed	10,920
	Other	12,808
Total deductions			23,728

Balance at December 31, 2012			(2,968,230)

- Definition

The entire disclosure for real estate and accumulated depreciation. This may include a schedule that describes the property and lists the initial cost of land, buildings and improvements, improvements and carrying costs capitalized after acquisition, and the total carrying cost for land, buildings and improvements for each property and in aggregate. The schedule also lists the accumulated depreciation for each property and in aggregate, the date each property was constructed and acquired, the useful life used to calculate depreciation and any encumbrances on the properties. The entity provides a reconciliation of the carrying amount of real estate from the beginning of the period to the end of the period. Any real estate investments that have been written down or reserved against are described, including the basis of the write-down. A material amount of intercompany profit in the total carrying amount of real estate is disclosed. The aggregate cost of all real estate investments for federal income tax purposes is also disclosed.

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