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Schedule III Real Estate and Accumulated Depreciation
12 Months Ended
Dec. 31, 2016
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III Real Estate and Accumulated Depreciation
SCHEDULE III- SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2016
(Dollars in Thousands)
 
Initial Costs to Company (1)
 
           Costs Capitalized Subsequent to Acquisition or Lease
 
Total Costs
 
 
 
Encumbrances
 
Land
 
Buildings and Improvements (2)
 
Land
 
Buildings and Improvements (2)
 
Land
 
Buildings and Improvements (2)
 
Accumulated Depreciation
 
Date of Construction
 
Date of Acquisition or Lease (3)
Americas:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
AT1 ATLANTA
 
 
 
 
120,368
 
 
120,368
 
(33,293)
 
N/A
 
2010
AT2 ATLANTA
 
 
 
 
41,845
 
 
41,845
 
(16,871)
 
N/A
 
2010
AT3 ATLANTA
 
 
 
 
3,935
 
 
3,935
 
(1,257)
 
N/A
 
2010
BO1 BOSTON (METRO)
 
 
 
 
11,332
 
 
11,332
 
(5,999)
 
N/A
 
2010
CH1 CHICAGO (METRO)
 
 
 
 
155,387
 
 
155,387
 
(99,289)
 
2001
 
1999
CH2 CHICAGO (METRO)
 
 
 
 
104,108
 
 
104,108
 
(48,677)
 
2005
 
2005
CH3 CHICAGO (METRO)
 
9,759
 
 
351
 
229,398
 
10,110
 
229,398
 
(88,929)
 
2007
 
2006
CH4 CHICAGO (METRO)
 
 
 
 
21,566
 
 
21,566
 
(8,181)
 
2010
 
2009
DA1 DALLAS
 
 
 
 
73,407
 
 
73,407
 
(46,642)
 
2000
 
2000
DA2 DALLAS
 
 
 
 
78,681
 
 
78,681
 
(17,561)
 
2011
 
2010
DA3 DALLAS
 
 
 
 
85,099
 
 
85,099
 
(25,993)
 
N/A
 
2010
DA4 DALLAS
 
 
 
 
17,421
 
 
17,421
 
(7,702)
 
N/A
 
2010
DA6 DALLAS
 
 
20,522
 
 
83,115
 
 
103,637
 
(11,130)
 
2013
 
2012
DA7 DALLAS
 
 
 
 
26,431
 
 
26,431
 
(2,351)
 
2015
 
2015
DC1 WASHINGTON, DC (METRO)
 
 
 
 
5,120
 
 
5,120
 
(363)
 
2007
 
1999
DC2 WASHINGTON, DC (METRO)
 
 
 
5,047
 
153,115
 
5,047
 
153,115
 
(126,299)
 
1999
 
1999
DC3 WASHINGTON, DC (METRO)
 
 
37,451
 
 
52,846
 
 
90,297
 
(46,073)
 
2004
 
2004
DC4 WASHINGTON, DC (METRO)
 
1,906
 
7,272
 
 
71,942
 
1,906
 
79,214
 
(46,128)
 
2007
 
2005
DC5 WASHINGTON, DC (METRO)
 
1,429
 
4,983
 
 
88,407
 
1,429
 
93,390
 
(52,407)
 
2008
 
2005
DC6 WASHINGTON, DC (METRO)
 
1,429
 
5,082
 
 
86,711
 
1,429
 
91,793
 
(35,116)
 
2010
 
2005
DC7 WASHINGTON, DC (METRO)
 
 
 
 
20,605
 
 
20,605
 
(10,099)
 
N/A
 
2010
DC8 WASHINGTON, DC (METRO)
 
 
 
 
5,186
 
 
5,186
 
(4,614)
 
N/A
 
2010
DC10 WASHINGTON, DC (METRO)
 
 
44,601
 
 
70,790
 
 
115,391
 
(30,595)
 
2012
 
2011
DC11 WASHINGTON, DC (METRO)
 
1,429
 
5,082
 
 
165,021
 
1,429
 
170,103
 
(20,495)
 
2013
 
2005
 
Initial Costs to Company (1)
 
           Costs Capitalized Subsequent to Acquisition or Lease
 
Total Costs
 
 
 
Encumbrances
 
Land
 
Buildings and Improvements (2)
 
Land
 
Buildings and Improvements (2)
 
Land
 
Buildings and Improvements (2)
 
Accumulated Depreciation
 
Date of Construction
 
Date of Acquisition or Lease (3)
DE1 DENVER (METRO)
 
 
 
 
9,978
 
 
9,978
 
(5,968)
 
N/A
 
2010
LA1 LOS ANGELES
 
 
 
 
110,624
 
 
110,624
 
(60,332)
 
2000
 
1999
LA2 LOS ANGELES
 
 
 
 
11,861
 
 
11,861
 
(9,870)
 
2001
 
2000
LA3 EL SEGUNDO
 
 
34,727
 
3,959
 
21,931
 
3,959
 
56,658
 
(42,651)
 
2005
 
2005
LA4 EL SEGUNDO
 
19,333
 
137,630
 
 
28,247
 
19,333
 
165,877
 
(60,398)
 
2009
 
2009
MI2 MIAMI (METRO)
 
 
 
 
22,239
 
 
22,239
 
(10,570)
 
N/A
 
2010
MI3 MIAMI (METRO)
 
 
 
 
29,573
 
 
29,573
 
(7,983)
 
2012
 
2012
NY1 NEWARK
 
 
 
 
79,857
 
 
79,857
 
(42,647)
 
1999
 
1999
NY2 NEW YORK CITY (METRO)
 
 
 
17,859
 
194,181
 
17,859
 
194,181
 
(120,724)
 
2002
 
2000
NY4 NEW YORK CITY (METRO)
 
 
 
 
330,754
 
 
330,754
 
(153,480)
 
2007
 
2006
NY5 NEW YORK CITY (METRO)
 
 
 
 
243,296
 
 
243,296
 
(38,838)
 
2012
 
2010
NY6 NEW YORK CITY (METRO)
 
 
 
 
73,266
 
 
73,266
 
(5,587)
 
2015
 
2010
NY7 NEW YORK CITY (METRO)
 
 
24,660
 
 
138,865
 
 
163,525
 
(88,677)
 
N/A
 
2010
NY8 NEW YORK CITY (METRO)
 
 
 
 
12,159
 
 
12,159
 
(6,118)
 
N/A
 
2010
NY9 NEW YORK CITY (METRO)
 
 
 
 
53,840
 
 
53,840
 
(28,065)
 
N/A
 
2010
PH1 PHILADELPHIA
 
 
 
 
43,979
 
 
43,979
 
(10,365)
 
N/A
 
2010
SE2 SEATTLE
 
 
 
 
29,242
 
 
29,242
 
(19,757)
 
N/A
 
2010
SE3 SEATTLE
 
 
1,760
 
 
94,947
 
 
96,707
 
(22,692)
 
2013
 
2011
SV1 SILICON VALLEY (METRO)
 
 
 
15,545
 
159,286
 
15,545
 
159,286
 
(104,600)
 
1999
 
1999
SV2 SILICON VALLEY (METRO)
 
 
 
 
147,154
 
 
147,154
 
(68,545)
 
2003
 
2003
SV3 SILICON VALLEY (METRO)
 
 
 
 
43,738
 
 
43,738
 
(38,220)
 
2004
 
1999
SV4 SILICON VALLEY (METRO)
 
 
 
 
25,941
 
 
25,941
 
(19,003)
 
2005
 
2005
SV5 SILICON VALLEY (METRO)
 
6,238
 
98,991
 
 
88,737
 
6,238
 
187,728
 
(43,544)
 
2010
 
2010
SV6 SILICON VALLEY (METRO)
 
 
15,585
 
 
21,811
 
 
37,396
 
(22,079)
 
N/A
 
2010
SV8 SILICON VALLEY (METRO)
 
 
 
 
48,939
 
 
48,939
 
(21,363)
 
N/A
 
2010
SV12 SILICON VALLEY (METRO)
 
20,535
 
 
(222)
 
2,277
 
20,313
 
2,277
 
 
2015
 
2015
TR1 TORONTO, CANADA
 
 
 
 
90,158
 
 
90,158
 
(19,895)
 
N/A
 
2010
TR2 TORONTO, CANADA
 
 
21,113
 
 
76,387
 
 
97,500
 
(7,133)
 
2015
 
2015
RJ1 RIO DE JANEIRO, BRAZIL
 
 
 
 
26,361
 
 
26,361
 
(17,933)
 
2011
 
2011
RJ2 RIO DE JANEIRO, BRAZIL
 
 
2,012
 
 
34,237
 
 
36,249
 
(10,145)
 
2013
 
2012
SP1 SÃO PAULO, BRAZIL
 
 
10,188
 
 
23,181
 
 
33,369
 
(19,816)
 
2011
 
2011
 
Initial Costs to Company (1)
 
           Costs Capitalized Subsequent to Acquisition or Lease
 
Total Costs
 
 
 
Encumbrances
 
Land
 
Buildings and Improvements (2)
 
Land
 
Buildings and Improvements (2)
 
Land
 
Buildings and Improvements (2)
 
Accumulated Depreciation
 
Date of Construction
 
Date of Acquisition or Lease (3)
SP2 SÃO PAULO, BRAZIL
 
 
 
 
73,615
 
 
73,615
 
(33,839)
 
2011
 
2011
OTHERS (4)
 
52,630
 
18,709
 
934
 
185,212
 
53,564
 
203,921
 
(2,202)
 
Various
 
Various
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EMEA:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
AM1 AMSTERDAM, THE NETHERLANDS
 
 
 
 
71,764
 
 
71,764
 
(23,787)
 
2008
 
2008
AM2 AMSTERDAM, THE NETHERLANDS
 
 
 
 
53,661
 
 
53,661
 
(17,868)
 
2010
 
2008
AM3 AMSTERDAM, THE NETHERLANDS
 
 
27,099
 
 
92,654
 
 
119,753
 
(22,758)
 
2012
 
2011
AM5 AMSTERDAM, THE NETHERLANDS
 
 
92,199
 
 
1,029
 
 
93,228
 
(5,838)
 
N/A
 
2016
AM6 AMSTERDAM, THE NETHERLANDS
 
6,616
 
50,876
 
 
3,872
 
6,616
 
54,748
 
(2,691)
 
N/A
 
2016
AM7 AMSTERDAM, THE NETHERLANDS
 
 
7,397
 
 
363
 
 
7,760
 
(973)
 
N/A
 
2016
AM8 AMSTERDAM, THE NETHERLANDS
 
 
 
 
9,291
 
 
9,291
 
(1,677)
 
N/A
 
2016
DB1 DUBLIN, IRELAND
 
 
 
 
1,852
 
 
1,852
 
(164)
 
N/A
 
2016
DB2 DUBLIN, IRELAND
 
 
12,460
 
 
671
 
 
13,131
 
(1,706)
 
N/A
 
2016
DB3 DUBLIN, IRELAND
 
3,334
 
54,387
 
 
3,507
 
3,334
 
57,894
 
(3,208)
 
N/A
 
2016
DB4 DUBLIN, IRELAND
 
 
26,875
 
 
9,899
 
 
36,774
 
(1,163)
 
N/A
 
2016
DU1 DÜSSELDORF, GERMANY
 
 
 
 
21,330
 
 
21,330
 
(17,813)
 
2001
 
2000
DX1 DUBAI, UNITED ARAB EMIRATES
 
 
 
 
45,710
 
 
45,710
 
(5,501)
 
2012
 
2008
EN1 ENSCHEDE, THE NETHERLANDS
 
 
 
 
22,408
 
 
22,408
 
(13,720)
 
2008
 
2008
FR1 FRANKFURT (METRO), GERMANY
 
 
 
 
7,173
 
 
7,173
 
(6,792)
 
N/A
 
2007
FR2 FRANKFURT (METRO), GERMANY
 
 
 
11,212
 
198,157
 
11,212
 
198,157
 
(73,449)
 
N/A
 
2007
FR3 FRANKFURT (METRO), GERMANY
 
 
 
1,967
 
4,679
 
1,967
 
4,679
 
(1,178)
 
N/A
 
2007
FR4 FRANKFURT (METRO), GERMANY
 
11,578
 
9,307
 
 
51,650
 
11,578
 
60,957
 
(14,570)
 
2009
 
2009
FR5 FRANKFURT (METRO), GERMANY
30,310
 
 
 
3,716
 
109,540
 
3,716
 
109,540
 
(20,552)
 
2012
 
2012
FR7 FRANKFURT (METRO), GERMANY
 
 
43,634
 
 
1,035
 
 
44,669
 
(4,492)
 
N/A
 
2016
GV1 GENEVA (METRO), SWITZERLAND
 
 
 
 
5,846
 
 
5,846
 
(4,232)
 
2004
 
2004
 
Initial Costs to Company (1)
 
           Costs Capitalized Subsequent to Acquisition or Lease
 
Total Costs
 
 
 
Encumbrances
 
Land
 
Buildings and Improvements (2)
 
Land
 
Buildings and Improvements (2)
 
Land
 
Buildings and Improvements (2)
 
Accumulated Depreciation
 
Date of Construction
 
Date of Acquisition or Lease (3)
GV2 GENEVA (METRO), SWITZERLAND
 
 
 
 
21,282
 
 
21,282
 
(13,709)
 
2010
 
2009
HE1 HELSINKI (METRO), FINLAND
 
 
 
 
2,732
 
 
2,732
 
(632)
 
N/A
 
2016
HE2 HELSINKI (METRO), FINLAND
 
 
 
 
1,445
 
 
1,445
 
(524)
 
N/A
 
2016
HE3 HELSINKI (METRO), FINLAND
 
 
 
 
8,765
 
 
8,765
 
(2,118)
 
N/A
 
2016
HE4 HELSINKI (METRO), FINLAND
 
 
29,092
 
 
3,785
 
 
32,877
 
(2,824)
 
N/A
 
2016
HE5 HELSINKI (METRO), FINLAND
 
 
7,564
 
 
64
 
 
7,628
 
(1,019)
 
N/A
 
2016
HE6 HELSINKI (METRO), FINLAND
 
 
17,204
 
 
10,067
 
 
27,271
 
(540)
 
N/A
 
2016
IS1 ISTANBUL (METRO), TURKEY
 
 
 
 
7,046
 
 
7,046
 
(2,126)
 
N/A
 
2016
LD1 LONDON (METRO), UNITED KINGDOM
 
 
 
 
2,352
 
 
2,352
 
(2,154)
 
2000
 
2000
LD3 LONDON (METRO), UNITED KINGDOM
 
 
 
 
14,864
 
 
14,864
 
(9,975)
 
2005
 
2000
LD4 LONDON (METRO), UNITED KINGDOM
 
 
23,044
 
 
56,232
 
 
79,276
 
(30,704)
 
2007
 
2007
LD5 LONDON (METRO), UNITED KINGDOM
 
 
16,412
 
 
162,639
 
 
179,051
 
(51,491)
 
2010
 
2010
LD6 LONDON (METRO), UNITED KINGDOM
 
 
 
 
103,276
 
 
103,276
 
(6,038)
 
2015
 
2013
LD8 LONDON (METRO), UNITED KINGDOM
 
 
107,544
 
 
4,834
 
 
112,378
 
(7,598)
 
N/A
 
2016
LD9 LONDON (METRO), UNITED KINGDOM
 
 
181,431
 
 
1,667
 
 
183,098
 
(11,741)
 
N/A
 
2016
MA1 MANCHESTER, UNITED KINGDOM
 
 
 
 
4,254
 
 
4,254
 
(797)
 
N/A
 
2016
MA2 MANCHESTER, UNITED KINGDOM
 
 
 
 
6,619
 
 
6,619
 
(952)
 
N/A
 
2016
MA3 MANCHESTER, UNITED KINGDOM
 
 
44,931
 
 
316
 
 
45,247
 
(4,305)
 
N/A
 
2016
MA4 MANCHESTER, UNITED KINGDOM
 
 
6,697
 
 
65
 
 
6,762
 
(748)
 
N/A
 
2016
ML1 MILAN (METRO), ITALY
 
 
 
 
806
 
 
806
 
(742)
 
2011
 
2011
ML2 MILAN (METRO), ITALY
 
 
 
 
5,650
 
 
5,650
 
(2,676)
 
N/A
 
2016
ML3 MILAN (METRO), ITALY
 
 
 
 
11,937
 
 
11,937
 
(5,373)
 
N/A
 
2016
ML4 MLAN (METRO), ITALY
 
 
 
 
6,870
 
 
6,870
 
(1,346)
 
N/A
 
2016
MU1 MUNICH, GERMANY
 
 
 
 
14,818
 
 
14,818
 
(11,501)
 
N/A
 
2007
 
Initial Costs to Company (1)
 
           Costs Capitalized Subsequent to Acquisition or Lease
 
Total Costs
 
 
 
Encumbrances
 
Land
 
Buildings and Improvements (2)
 
Land
 
Buildings and Improvements (2)
 
Land
 
Buildings and Improvements (2)
 
Accumulated Depreciation
 
Date of Construction
 
Date of Acquisition or Lease (3)
MU3 MUNICH, GERMANY
 
 
 
 
726
 
 
726
 
(38)
 
2010
 
2010
PA1 PARIS (METRO), FRANCE
 
 
 
 
21,527
 
 
21,527
 
(17,093)
 
N/A
 
2007
PA2 & PA 3 PARIS (METRO), FRANCE
 
 
29,615
 
23,723
 
240,675
 
23,723
 
270,290
 
(75,980)
 
2010
 
2007
PA4 PARIS (METRO), FRANCE
 
1,701
 
9,503
 
 
127,215
 
1,701
 
136,718
 
(26,823)
 
2012
 
2011
PA5 PARIS (METRO), FRANCE
 
 
16,554
 
 
843
 
 
17,397
 
(1,575)
 
N/A
 
2016
PA6 PARIS (METRO), FRANCE
 
 
 
 
56,322
 
 
56,322
 
(5,006)
 
N/A
 
2016
PA7 PARIS (METRO), FRANCE
 
 
 
 
12,300
 
 
12,300
 
(1,951)
 
N/A
 
2016
SK1 STOCKHOLM, (METRO), SWEDEN
 
 
15,495
 
 
574
 
 
16,069
 
(2,216)
 
N/A
 
2016
SK2 STOCKHOLM, (METRO), SWEDEN
 
 
80,148
 
 
251
 
 
80,399
 
(4,678)
 
N/A
 
2016
SK3 STOCKHOLM, (METRO), SWEDEN
 
 
 
 
13,167
 
 
13,167
 
(858)
 
N/A
 
2016
SO1 SOFIA, BULGARIA
 
 
5,236
 
 
312
 
 
5,548
 
(353)
 
N/A
 
2016
WA1 WARSZAWA, POLAND
 
 
5,950
 
 
592
 
 
6,542
 
(920)
 
N/A
 
2016
WA2 WARSZAWA, POLAND
 
 
4,709
 
 
6,615
 
 
11,324
 
(770)
 
N/A
 
2016
ZH1 ZURICH (METRO), SWITZERLAND
 
 
 
 
5,457
 
 
5,457
 
(4,619)
 
N/A
 
2007
ZH2 ZURICH (METRO), SWITZERLAND
 
 
 
 
5,460
 
 
5,460
 
(3,563)
 
2003
 
2002
ZH4 ZURICH (METRO), SWITZERLAND
 
 
11,284
 
 
24,868
 
 
36,152
 
(16,116)
 
2010
 
2009
ZH5 ZURICH (METRO), SWITZERLAND
 
 
 
 
37,232
 
 
37,232
 
(10,456)
 
2013
 
2009
ZW1 ZWOLLE, THE NETHERLANDS
 
 
 
 
7,331
 
 
7,331
 
(4,097)
 
2008
 
2008
OTHERS
 
 
 
 
3,019
 
 
3,019
 
(1,502)
 
Various
 
Various
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asia-Pacific:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
HK1 HONG KONG, CHINA
 
 
 
 
131,250
 
 
131,250
 
(65,402)
 
N/A
 
2003
HK2 HONG KONG, CHINA
 
 
 
 
237,118
 
 
237,118
 
(51,447)
 
2011
 
2010
HK3 HONG KONG, CHINA
 
 
 
 
134,342
 
 
134,342
 
(44,062)
 
N/A
 
2012
HK4 HONG KONG, CHINA
 
 
 
 
7,003
 
 
7,003
 
(3,963)
 
N/A
 
2012
ME1 MELBOURNE, AUSTRALIA
 
15,341
 
 
 
66,103
 
15,341
 
66,103
 
(5,854)
 
2013
 
2013
OS1 OSAKA, JAPAN
 
 
14,876
 
 
37,851
 
 
52,727
 
(8,036)
 
2013
 
2013
OS2 OSAKA, JAPAN
 
 
103
 
 
 
 
103
 
(26)
 
N/A
 
2015
 
Initial Costs to Company (1)
 
           Costs Capitalized Subsequent to Acquisition or Lease
 
Total Costs
 
 
 
Encumbrances
 
Land
 
Buildings and Improvements (2)
 
Land
 
Buildings and Improvements (2)
 
Land
 
Buildings and Improvements (2)
 
Accumulated Depreciation
 
Date of Construction
 
Date of Acquisition or Lease (3)
SG1 SINGAPORE
 
 
 
 
160,917
 
 
160,917
 
(104,697)
 
N/A
 
2003
SG2 SINGAPORE
 
 
 
 
261,025
 
 
261,025
 
(99,403)
 
2008
 
2008
SG3 SINGAPORE
 
 
34,844
 
 
96,449
 
 
131,293
 
(10,360)
 
2013
 
2013
SH2 SHANGHAI, CHINA
 
 
 
 
3,482
 
 
3,482
 
(971)
 
2012
 
2012
SH3 SHANGHAI, CHINA
 
 
7,066
 
 
7,024
 
 
14,090
 
(3,512)
 
2012
 
2012
SH4 SHANGHAI, CHINA
 
 
 
 
1,657
 
 
1,657
 
(1,422)
 
2012
 
2012
SH5 SHANGHAI, CHINA
 
 
11,284
 
 
19,003
 
 
30,287
 
(6,010)
 
2012
 
2012
SY1 SYDNEY, AUSTRALIA
 
 
 
 
25,261
 
 
25,261
 
(14,036)
 
N/A
 
2003
SY2 SYDNEY, AUSTRALIA
 
 
3,080
 
 
32,510
 
 
35,590
 
(18,795)
 
2008
 
2008
SY3 SYDNEY, AUSTRALIA
 
 
8,712
 
 
134,257
 
 
142,969
 
(42,948)
 
2010
 
2010
SY4 SYDNEY, AUSTRALIA
 
 
 
 
84,679
 
 
84,679
 
(2,300)
 
2015
 
2014
TY1 TOKYO, JAPAN
 
 
 
 
18,547
 
 
18,547
 
(10,787)
 
2000
 
2000
TY2 TOKYO, JAPAN
 
 
 
 
75,386
 
 
75,386
 
(57,738)
 
2007
 
2006
TY3 TOKYO, JAPAN
 
 
 
 
69,367
 
 
69,367
 
(23,762)
 
2010
 
2010
TY4 TOKYO, JAPAN
 
 
 
 
49,287
 
 
49,287
 
(10,658)
 
2012
 
2012
TY5 TOKYO, JAPAN
 
 
102
 
 
49,598
 
 
49,700
 
(2,045)
 
2014
 
2014
TY6 TOKYO, JAPAN
 
 
37,941
 
 
12,412
 
 
50,353
 
(8,663)
 
N/A
 
2015
TY7 TOKYO, JAPAN
 
 
13,175
 
 
869
 
 
14,044
 
(2,759)
 
N/A
 
2015
TY8 TOKYO, JAPAN
 
 
53,848
 
 
5,044
 
 
58,892
 
(7,016)
 
N/A
 
2015
TY9 TOKYO, JAPAN
 
 
106,710
 
 
8,197
 
 
114,907
 
(15,450)
 
N/A
 
2015
TY10 TOKYO, JAPAN
 
 
69,881
 
 
7,115
 
 
76,996
 
(5,707)
 
N/A
 
2015
OTHERS
 
 
 
 
13,401
 
 
13,401
 
(4,661)
 
Various
 
Various
TOTAL LOCATIONS
$30,310
 
$153,258
 
$1,788,637
 
$84,091
 
$7,829,825
 
$237,349
 
$9,618,462
 
$(3,175,972)
 
 
 
 
__________________________
(1)
The initial cost was $0 if the lease of the respective IBX was classified as an operating lease.
(2)
Building and improvements include all fixed assets except for land.
(3)
Date of lease or acquisition represents the date the Company leased the facility or acquired the facility through purchase or acquisition.
(4)
Includes IBXs CH5, DC12, SP3, SV10 and various other IBXs that are under initial development.

The aggregate gross cost of the Company's properties for federal income tax purpose approximated $11,890,862,000 (unaudited) as of December 31, 2016.
The following table reconciles the historical cost of the Company’s properties for financial reporting purposes for each of the years in the three-year period ended December 31, 2016 (in thousands).
Gross Fixed Assets:
 
2016
 
2015
 
2014
Balance, beginning of period
$
7,871,890

 
$
7,006,695

 
$
6,308,992

Additions (including acquisitions and improvements)
2,187,306

 
1,172,855

 
997,534

Disposals
(78,607
)
 
(9,295
)
 
(16,444
)
Foreign currency transaction adjustments and others
(124,778
)
 
(298,365
)
 
(283,387
)
Balance, end of year
$
9,855,811

 
$
7,871,890

 
$
7,006,695

Accumulated Depreciation:

 
2016
 
2015
 
2014
Balance, beginning of period
$
(2,595,648
)
 
$
(2,242,345
)
 
$
(1,904,311
)
Additions (depreciation expense)
(618,970
)
 
(440,002
)
 
(418,407
)
Disposals
9,401

 
7,396

 
16,038

Foreign currency transaction adjustments and others
29,245

 
79,303

 
64,335

Balance, end of year
$
(3,175,972
)
 
$
(2,595,648
)
 
$
(2,242,345
)