SCHEDULE III- SCHEDULE OF REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2017

(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⁽³⁾	Date of Construction	Date of Acquisition or Lease ⁽⁴⁾
Americas:
AT1 ATLANTA (METRO)	—	—	—	—	123,655	—	123,655	(42,278)	N/A	2010
AT2 ATLANTA (METRO)	—	—	—	—	42,574	—	42,574	(20,048)	N/A	2010
AT3 ATLANTA (METRO)	—	—	—	—	4,095	—	4,095	(1,678)	N/A	2010
AT4 ATLANTA (METRO)	—	5,400	20,209	—	1,823	5,400	22,032	(2,955)	2017	2017
AT5 ATLANTA (METRO)	—	—	5,011	—	1,552	—	6,563	(1,029)	2017	2017
BG1 BOGOTÁ (METRO), COLOMBIA	—	—	8,779	—	409	—	9,188	(769)	2017	2017
BO1 BOSTON (METRO)	—	—	—	—	11,185	—	11,185	(6,713)	N/A	2010
BO2 BOSTON (METRO)	—	2,500	30,383	—	214	2,500	30,597	(2,917)	2017	2017
CH1 CHICAGO (METRO)	—	—	—	—	161,324	—	161,324	(103,562)	2001	1999
CH2 CHICAGO (METRO)	—	—	—	—	108,257	—	108,257	(53,744)	2005	2005
CH3 CHICAGO (METRO)	—	9,759	—	351	279,869	10,110	279,869	(99,791)	2007	2006
CH4 CHICAGO (METRO)	—	—	—	—	21,976	—	21,976	(9,792)	2010	2009
CH7 CHICAGO (METRO)	—	670	10,564	—	88	670	10,652	(1,046)	2017	2017
CU1 CULPEPER (METRO)	—	1,019	37,581	—	311	1,019	37,892	(2,788)	2017	2017
CU2 CULPEPER (METRO)	—	1,244	48,000	—	367	1,244	48,367	(3,254)	2017	2017
CU3 CULPEPER (METRO)	—	1,088	37,387	—	54	1,088	37,441	(2,437)	2017	2017
CU4 CULPEPER (METRO)	—	1,372	27,832	—	1,963	1,372	29,795	(1,285)	2017	2017
DA1 DALLAS (METRO)	—	—	—	—	74,900	—	74,900	(48,583)	2000	2000
DA2 DALLAS (METRO)	—	—	—	—	78,659	—	78,659	(21,955)	2011	2010
DA3 DALLAS (METRO)	—	—	—	—	92,408	—	92,408	(30,450)	N/A	2010
DA4 DALLAS (METRO)	—	—	—	—	18,010	—	18,010	(8,616)	N/A	2010
DA6 DALLAS (METRO)	—	—	20,522	—	110,282	—	130,804	(16,735)	2013	2012
DA7 DALLAS (METRO)	—	—	—	—	26,888	—	26,888	(4,964)	2015	2015
DA9 DALLAS (METRO)	—	610	15,398	—	89	610	15,487	(1,191)	2017	2017
DA10 DALLAS (METRO)	—	—	117	—	4,535	—	4,652	(349)	2017	2017
DC1 WASHINGTON, DC (METRO)	—	—	—	—	2,435	—	2,435	(574)	2007	1999
DC2 WASHINGTON, DC (METRO)	—	—	—	5,047	158,709	5,047	158,709	(128,668)	1999	1999



	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⁽³⁾	Date of Construction	Date of Acquisition or Lease ⁽⁴⁾
DC3 WASHINGTON, DC (METRO)	—	—	37,451	—	53,210	—	90,661	(49,386)	2004	2004
DC4 WASHINGTON, DC (METRO)	—	1,906	7,272	—	72,961	1,906	80,233	(49,250)	2007	2005
DC5 WASHINGTON, DC (METRO)	—	1,429	4,983	—	89,024	1,429	94,007	(57,411)	2008	2005
DC6 WASHINGTON, DC (METRO)	—	1,429	5,082	—	87,709	1,429	92,791	(39,873)	2010	2005
DC7 WASHINGTON, DC (METRO)	—	—	—	—	20,851	—	20,851	(11,503)	N/A	2010
DC8 WASHINGTON, DC (METRO)	—	—	—	—	5,185	—	5,185	(4,739)	N/A	2010
DC10 WASHINGTON, DC (METRO)	—	—	44,601	—	71,706	—	116,307	(41,225)	2012	2011
DC11 WASHINGTON, DC (METRO)	—	1,429	5,082	—	175,361	1,429	180,443	(30,071)	2013	2005
DC12 WASHINGTON, DC (METRO)	—	—	101,783	—	19,101	—	120,884	(1,869)	2017	2017
DC13 WASHINGTON, DC (METRO)	—	5,500	25,423	—	364	5,500	25,787	(3,015)	2017	2017
DC14 WASHINGTON, DC (METRO)	—	2,560	33,511	—	206	2,560	33,717	(2,330)	2017	2017
DC97 WASHINGTON, DC (METRO)	—	—	2,021	—	141	—	2,162	(259)	2017	2017
DE1 DENVER (METRO)	—	—	—	—	10,260	—	10,260	(7,172)	N/A	2010
DE2 DENVER (METRO)	—	5,240	23,053	—	14,764	5,240	37,817	(3,814)	2017	2017
HO1 HOUSTON (METRO)	—	1,440	23,780	—	3,996	1,440	27,776	(2,679)	2017	2017
LA1 LOS ANGELES (METRO)	—	—	—	—	112,209	—	112,209	(64,914)	2000	1999
LA2 LOS ANGELES (METRO)	—	—	—	—	11,066	—	11,066	(8,887)	2001	2000
LA3 LOS ANGELES (METRO)	—	—	34,727	3,959	24,296	3,959	59,023	(45,521)	2005	2005
LA4 LOS ANGELES (METRO)	—	19,333	137,630	—	29,032	19,333	166,662	(68,944)	2009	2009
LA7 LOS ANGELES (METRO)	—	7,800	33,621	—	124	7,800	33,745	(2,544)	2017	2017
MI1 MIAMI (METRO)	—	18,920	127,194	—	31,502	18,920	158,696	(11,253)	2017	2017
MI2 MIAMI (METRO)	—	—	—	—	25,776	—	25,776	(11,815)	N/A	2010
MI3 MIAMI (METRO)	—	—	—	—	31,148	—	31,148	(10,329)	2012	2012
MI6 MIAMI (METRO)	—	4,750	23,017	—	1,538	4,750	24,555	(2,231)	2017	2017
NY1 NEW YORK (METRO)	—	—	—	—	80,528	—	80,528	(45,712)	1999	1999
NY2 NEW YORK (METRO)	—	—	—	17,859	199,508	17,859	199,508	(125,823)	2002	2000
NY4 NEW YORK (METRO)	—	—	—	—	338,384	—	338,384	(167,338)	2007	2006
NY5 NEW YORK (METRO)	—	—	—	—	254,899	—	254,899	(50,791)	2012	2010
NY6 NEW YORK (METRO)	—	—	—	—	73,350	—	73,350	(8,658)	2015	2010
NY7 NEW YORK (METRO)	—	—	24,660	—	146,688	—	171,348	(101,925)	N/A	2010
NY8 NEW YORK (METRO)	—	—	—	—	12,188	—	12,188	(7,195)	N/A	2010



	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⁽³⁾	Date of Construction	Date of Acquisition or Lease ⁽⁴⁾
NY9 NEW YORK (METRO)	—	—	—	—	54,514	—	54,514	(31,583)	N/A	2010
NY11 NEW YORK (METRO)	—	2,050	58,717	—	3,086	2,050	61,803	(4,707)	2017	2017
NY12 NEW YORK (METRO)	—	3,460	10,380	—	1,571	3,460	11,951	(942)	2017	2017
NY13 NEW YORK (METRO)	—	—	31,603	—	1,527	—	33,130	(2,829)	2017	2017
PH1 PHILADELPHIA (METRO)	—	—	—	—	43,862	—	43,862	(12,765)	N/A	2010
RJ1 RIO DE JANEIRO (METRO), BRAZIL	—	—	—	—	23,297	—	23,297	(16,898)	2011	2011
RJ2 RIO DE JANEIRO (METRO), BRAZIL	—	—	2,012	1,986	53,635	1,986	55,647	(13,460)	2013	2012
SE2 SEATTLE (METRO)	—	—	—	—	30,282	—	30,282	(23,003)	N/A	2010
SE3 SEATTLE (METRO)	—	—	1,760	—	95,706	—	97,466	(28,649)	2013	2011
SE4 SEATTLE (METRO)	—	4,000	12,903	—	(112)	4,000	12,791	(1,669)	2017	2017
SP1 SÃO PAULO (METRO), BRAZIL	—	—	10,188	—	24,862	—	35,050	(21,485)	2011	2011
SP2 SÃO PAULO (METRO), BRAZIL	—	—	—	—	85,948	—	85,948	(46,937)	2011	2011
SP3 SÃO PAULO (METRO), BRAZIL	—	12,148	72,997	—	8,208	12,148	81,205	(5,011)	2017	2017
SP4 SÃO PAULO (METRO), BRAZIL	—	—	24,633	—	1,572	—	26,205	(2,810)	2017	2017
SV1 SILICON VALLEY (METRO)	—	—	—	15,545	162,162	15,545	162,162	(108,646)	1999	1999
SV2 SILICON VALLEY (METRO)	—	—	—	—	150,653	—	150,653	(76,489)	2003	2003
SV3 SILICON VALLEY (METRO)	—	—	—	—	45,592	—	45,592	(40,301)	2004	1999
SV4 SILICON VALLEY (METRO)	—	—	—	—	27,184	—	27,184	(20,935)	2005	2005
SV5 SILICON VALLEY (METRO)	—	6,238	98,991	—	90,853	6,238	189,844	(53,708)	2010	2010
SV6 SILICON VALLEY (METRO)	—	—	15,585	—	22,785	—	38,370	(25,454)	N/A	2010
SV8 SILICON VALLEY (METRO)	—	—	—	—	50,520	—	50,520	(26,134)	N/A	2010
SV10 SILICON VALLEY (METRO)	—	12,646	123,594	—	6,939	12,646	130,533	(2,816)	2017	2017
SV12 SILICON VALLEY (METRO)	—	20,313	—	—	2,340	20,313	2,340	—	2015	2015
SV13 SILICON VALLEY (METRO)	—	—	3,828	—	52	—	3,880	(635)	2017	2017
SV14 SILICON VALLEY (METRO)	—	3,638	5,503	—	181	3,638	5,684	(361)	2017	2017
SV15 SILICON VALLEY (METRO)	—	7,651	23,060	—	72	7,651	23,132	(1,605)	2017	2017
SV16 SILICON VALLEY (METRO)	—	4,271	15,018	—	274	4,271	15,292	(1,201)	2017	2017
SV17 SILICON VALLEY (METRO)	—	—	17,493	—	526	—	18,019	(2,906)	2017	2017
TR1 TORONTO (METRO), CANADA	—	—	—	—	96,425	—	96,425	(25,161)	N/A	2010
TR2 TORONTO (METRO), CANADA	—	—	21,113	—	101,996	—	123,109	(12,821)	2015	2015
OTHERS ⁽⁵⁾	—	70,803	19,365	—	8,408	70,803	27,773	(4,085)	Various	Various



	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⁽³⁾	Date of Construction	Date of Acquisition or Lease ⁽⁴⁾

EMEA:
AD1 ABU DHABI (METRO), UNITED ARAB EMIRATES	—	—	—	—	387	—	387	(45)	N/A	2017
AM1 AMSTERDAM (METRO), THE NETHERLANDS	—	—	—	—	88,460	—	88,460	(33,378)	2008	2008
AM2 AMSTERDAM (METRO), THE NETHERLANDS	—	—	—	—	75,488	—	75,488	(24,556)	2010	2008
AM3 AMSTERDAM (METRO), THE NETHERLANDS	—	—	27,099	—	124,113	—	151,212	(36,011)	2012	2011
AM4 AMSTERDAM (METRO), THE NETHERLANDS	—	—	—	—	119,113	—	119,113	(1,087)	2016	2016
AM5 AMSTERDAM (METRO), THE NETHERLANDS	—	—	92,199	—	17,650	—	109,849	(13,629)	N/A	2016
AM6 AMSTERDAM (METRO), THE NETHERLANDS	—	6,616	50,876	933	59,412	7,549	110,288	(6,985)	N/A	2016
AM7 AMSTERDAM (METRO), THE NETHERLANDS	—	—	7,397	—	8,528	—	15,925	(1,699)	N/A	2016
AM8 AMSTERDAM (METRO), THE NETHERLANDS	—	—	—	—	10,657	—	10,657	(2,670)	N/A	2016
BA1 BARCELONA (METRO), SPAIN	—	—	9,443	—	290	—	9,733	(256)	N/A	2017
DB1 DUBLIN (METRO), IRELAND	—	—	—	—	3,080	—	3,080	(731)	N/A	2016
DB2 DUBLIN (METRO), IRELAND	—	—	12,460	—	3,032	—	15,492	(3,543)	N/A	2016
DB3 DUBLIN (METRO), IRELAND	—	3,334	54,387	470	18,163	3,804	72,550	(7,754)	N/A	2016
DB4 DUBLIN (METRO), IRELAND	—	—	26,875	—	17,297	—	44,172	(3,307)	N/A	2016
DU1 DÜSSELDORF (METRO), GERMANY	—	—	—	8,644	33,567	8,644	33,567	(21,137)	2001	2000
DX1 DUBAI (METRO), UNITED ARAB EMIRATES	—	—	—	—	84,493	—	84,493	(8,695)	2012	2008
DX2 DUBAI (METRO), UNITED ARAB EMIRATES	—	—	—	—	2,594	—	2,594	(11)	N/A	2017
EN1 ENSCHEDE (METRO), THE NETHERLANDS	—	—	—	—	29,382	—	29,382	(17,764)	2008	2008
FR1 FRANKFURT (METRO), GERMANY	—	—	—	—	7,615	—	7,615	(7,371)	N/A	2007
FR2 FRANKFURT (METRO), GERMANY	—	—	—	13,132	335,573	13,132	335,573	(99,648)	N/A	2007
FR3 FRANKFURT (METRO), GERMANY	—	—	—	—	1,172	—	1,172	(1,157)	N/A	2007
FR4 FRANKFURT (METRO), GERMANY	—	11,578	9,307	1,633	74,071	13,211	83,378	(21,689)	2009	2009



	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⁽³⁾	Date of Construction	Date of Acquisition or Lease ⁽⁴⁾
FR5 FRANKFURT (METRO), GERMANY	30,310	—	—	4,240	148,382	4,240	148,382	(30,480)	2012	2012
FR6 FRANKFURT (METRO), GERMANY	—	—	—	—	106,231	—	106,231	(2,336)	2016	2016
FR7 FRANKFURT (METRO), GERMANY	—	—	43,634	—	12,865	—	56,499	(8,816)	N/A	2016
GV1 GENEVA (METRO), SWITZERLAND	—	—	—	—	7,493	—	7,493	(4,625)	2004	2004
GV2 GENEVA (METRO), SWITZERLAND	—	—	—	—	23,250	—	23,250	(17,044)	2010	2009
HE1 HELSINKI (METRO), FINLAND	—	—	—	—	3,626	—	3,626	(1,362)	N/A	2016
HE2 HELSINKI (METRO), FINLAND	—	—	—	—	1,638	—	1,638	(1,023)	N/A	2016
HE3 HELSINKI (METRO), FINLAND	—	—	—	—	11,758	—	11,758	(4,971)	N/A	2016
HE4 HELSINKI (METRO), FINLAND	—	—	29,092	—	8,007	—	37,099	(6,697)	N/A	2016
HE5 HELSINKI (METRO), FINLAND	—	—	7,564	—	1,233	—	8,797	(2,358)	N/A	2016
HE6 HELSINKI (METRO), FINLAND	—	—	17,204	1,791	25,836	1,791	43,040	(2,717)	N/A	2016
IS1 ISTANBUL (METRO), TURKEY	—	—	—	—	8,166	—	8,166	(4,042)	N/A	2016
IS2 ISTANBUL (METRO), TURKEY	—	14,460	39,289	—	1,332	14,460	40,621	(298)	N/A	2017
LD3 LONDON (METRO), UNITED KINGDOM	—	—	—	—	16,526	—	16,526	(11,886)	2005	2000
LD4 LONDON (METRO), UNITED KINGDOM	—	—	23,044	—	69,365	—	92,409	(39,185)	2007	2007
LD5 LONDON (METRO), UNITED KINGDOM	—	—	16,412	—	183,250	—	199,662	(68,682)	2010	2010
LD6 LONDON (METRO), UNITED KINGDOM	—	—	—	—	121,069	—	121,069	(12,525)	2015	2013
LD8 LONDON (METRO), UNITED KINGDOM	—	—	107,544	—	18,577	—	126,121	(15,891)	N/A	2016
LD9 LONDON (METRO), UNITED KINGDOM	—	—	181,431	—	32,756	—	214,187	(26,163)	N/A	2016
LD10 LONDON (METRO), UNITED KINGDOM	—	—	40,251	—	63,905	—	104,156	(2,203)	N/A	2017
LS1 LISBON (METRO), PORTUGAL	—	—	7,374	2,789	820	2,789	8,194	(193)	2017	2017
MA1 MANCHESTER (METRO), UNITED KINGDOM	—	—	—	—	6,453	—	6,453	(1,765)	N/A	2016
MA2 MANCHESTER (METRO), UNITED KINGDOM	—	—	—	—	10,439	—	10,439	(2,586)	N/A	2016
MA3 MANCHESTER (METRO), UNITED KINGDOM	—	—	44,931	—	6,813	—	51,744	(9,862)	N/A	2016
MA4 MANCHESTER (METRO), UNITED KINGDOM	—	—	6,697	—	1,957	—	8,654	(3,245)	N/A	2016



	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⁽³⁾	Date of Construction	Date of Acquisition or Lease ⁽⁴⁾
MD1 MADRID (METRO), SPAIN	—	—	8,120	—	250	—	8,370	(165)	N/A	2017
MD2 MADRID (METRO), SPAIN	—	—	40,952	—	2,733	—	43,685	(1,083)	N/A	2017
ML1 MILAN (METRO), ITALY	—	—	—	—	134	—	134	(1)	2011	2011
ML2 MILAN (METRO), ITALY	—	—	—	—	7,967	—	7,967	(5,026)	N/A	2016
ML3 MILAN (METRO), ITALY	—	—	—	3,344	33,566	3,344	33,566	(8,620)	N/A	2016
ML4 MLAN (METRO), ITALY	—	—	—	—	8,424	—	8,424	(2,667)	N/A	2016
MU1 MUNICH (METRO), GERMANY	—	—	—	—	19,124	—	19,124	(14,244)	N/A	2007
MU3 MUNICH (METRO), GERMANY	—	—	—	—	2,431	—	2,431	(1,088)	2010	2010
PA1 PARIS (METRO), FRANCE	—	—	—	—	25,484	—	25,484	(19,996)	N/A	2007
PA2 & PA3 PARIS (METRO), FRANCE	—	—	29,615	27,071	292,453	27,071	322,068	(101,473)	2010	2007
PA4 PARIS (METRO), FRANCE	—	1,701	9,503	239	228,289	1,940	237,792	(40,718)	2012	2011
PA5 PARIS (METRO), FRANCE	—	—	16,554	—	3,072	—	19,626	(3,263)	N/A	2016
PA6 PARIS (METRO), FRANCE	—	—	—	—	66,000	—	66,000	(13,605)	N/A	2016
PA7 PARIS (METRO), FRANCE	—	—	—	—	16,137	—	16,137	(3,976)	N/A	2016
SA1 SEVILLE (METRO), SPAIN	—	—	1,594	—	49	—	1,643	(75)	N/A	2017
SK1 STOCKHOLM, (METRO), SWEDEN	—	—	15,495	—	6,758	—	22,253	(4,131)	N/A	2016
SK2 STOCKHOLM, (METRO), SWEDEN	—	—	80,148	—	14,171	—	94,319	(10,539)	N/A	2016
SK3 STOCKHOLM, (METRO), SWEDEN	—	—	—	—	15,255	—	15,255	(2,005)	N/A	2016
SO1 SOFIA (METRO), BULGARIA	—	—	5,236	2,984	1,654	2,984	6,890	(860)	N/A	2016
WA1 WARSAW (METRO), POLAND	—	—	5,950	—	5,356	—	11,306	(2,402)	N/A	2016
WA2 WARSAW (METRO), POLAND	—	—	4,709	3,038	8,278	3,038	12,987	(1,649)	N/A	2016
ZH1 ZURICH (METRO), SWITZERLAND	—	—	—	—	4,919	—	4,919	(4,376)	N/A	2007
ZH2 ZURICH (METRO), SWITZERLAND	—	—	—	—	5,025	—	5,025	(3,502)	2003	2002
ZH4 ZURICH (METRO), SWITZERLAND	—	—	11,284	—	29,805	—	41,089	(21,868)	2010	2009
ZH5 ZURICH (METRO), SWITZERLAND	—	—	—	7,987	59,474	7,987	59,474	(15,119)	2013	2009
ZW1 ZWOLLE (METRO), THE NETHERLANDS	—	—	—	—	9,453	—	9,453	(5,416)	2008	2008
OTHERS ⁽⁵⁾	—	3,184	1,293	395	22,490	3,579	23,783	(914)	Various	Various



	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⁽³⁾	Date of Construction	Date of Acquisition or Lease ⁽⁴⁾
Asia-Pacific:
HK1 HONG KONG (METRO), CHINA	—	—	—	—	148,027	—	148,027	(76,233)	N/A	2003
HK2 HONG KONG (METRO), CHINA	—	—	—	—	241,480	—	241,480	(74,971)	2011	2010
HK3 HONG KONG (METRO), CHINA	—	—	—	—	133,673	—	133,673	(52,731)	N/A	2012
HK4 HONG KONG (METRO), CHINA	—	—	—	—	6,913	—	6,913	(4,882)	N/A	2012
HK5 HONG KONG (METRO), CHINA	—	—	70,002	—	31,781	—	101,783	(548)	2017	2017
ME1 MELBOURNE (METRO), AUSTRALIA	—	15,341	—	1,269	73,238	16,610	73,238	(10,711)	2013	2013
OS1 OSAKA (METRO), JAPAN	—	—	14,876	—	53,015	—	67,891	(12,946)	2013	2013
SG1 SINGAPORE (METRO)	—	—	—	—	178,617	—	178,617	(116,756)	N/A	2003
SG2 SINGAPORE (METRO)	—	—	—	—	322,842	—	322,842	(135,587)	2008	2008
SG3 SINGAPORE (METRO)	—	—	34,844	—	110,842	—	145,686	(20,324)	2013	2013
SH2 SHANGHAI (METRO), CHINA	—	—	—	—	3,921	—	3,921	(1,369)	2012	2012
SH3 SHANGHAI (METRO), CHINA	—	—	7,066	—	9,650	—	16,716	(4,595)	2012	2012
SH4 SHANGHAI (METRO), CHINA	—	—	—	—	1,707	—	1,707	(1,875)	2012	2012
SH5 SHANGHAI (METRO), CHINA	—	—	11,284	—	21,513	—	32,797	(8,463)	2012	2012
SH6 SHANGHAI (METRO), CHINA	—	—	16,545	—	1,893	—	18,438	—	N/A	2017
SY1 SYDNEY (METRO), AUSTRALIA	—	—	—	—	26,684	—	26,684	(14,867)	N/A	2003
SY2 SYDNEY (METRO), AUSTRALIA	—	—	3,080	—	35,042	—	38,122	(21,647)	2008	2008
SY3 SYDNEY (METRO), AUSTRALIA	—	—	8,712	—	148,640	—	157,352	(56,626)	2010	2010
SY4 SYDNEY (METRO), AUSTRALIA	—	—	—	—	145,683	—	145,683	(9,490)	2015	2014
TY1 TOKYO (METRO), JAPAN	—	—	—	—	19,426	—	19,426	(10,395)	2000	2000
TY2 TOKYO (METRO), JAPAN	—	—	—	—	85,617	—	85,617	(60,135)	2007	2006
TY3 TOKYO (METRO), JAPAN	—	—	—	—	73,526	—	73,526	(29,924)	2010	2010
TY4 TOKYO (METRO), JAPAN	—	—	—	—	53,000	—	53,000	(15,975)	2012	2012
TY5 TOKYO (METRO), JAPAN	—	—	102	—	52,606	—	52,708	(5,060)	2014	2014
TY6 TOKYO (METRO), JAPAN	—	—	37,941	—	11,646	—	49,587	(12,113)	N/A	2015
TY7 TOKYO (METRO), JAPAN	—	—	13,175	—	4,669	—	17,844	(5,597)	N/A	2015
TY8 TOKYO (METRO), JAPAN	—	—	53,848	—	5,505	—	59,353	(10,006)	N/A	2015
TY9 TOKYO (METRO), JAPAN	—	—	106,710	—	6,877	—	113,587	(24,123)	N/A	2015
TY10 TOKYO (METRO), JAPAN	—	—	69,881	—	11,665	—	81,546	(10,751)	N/A	2015
OTHERS ⁽⁵⁾	—	—	—	—	32,794	—	32,794	(15,986)	Various	Various

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⁽³⁾

Date of Construction

Date of Acquisition or Lease ⁽⁴⁾

TOTAL LOCATIONS

$30,310

$298,830

$3,058,446

$124,706

$9,465,753

$423,536

$12,524,199

$(3,980,198)

__________________________


(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)	Buildings and improvements are depreciated on a straight line basis over estimated useful live as described under described in Note 1 of Notes to Condensed Consolidated Financial Statements in Item 8 of this Annual Report on Form 10-K


(4)	Date of lease or acquisition represents the date the Company leased the facility or acquired the facility through purchase or acquisition.


(5)	Includes various IBXs that are under initial development and costs incurred at certain central locations supporting various IBX functions.

The aggregate gross cost of the Company's properties for federal income tax purpose approximated $17,901.9 million (unaudited) as of December 31, 2017.

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, 2017 (in thousands).

Gross Fixed Assets:



	2017			2016			2015
Balance, beginning of period	$	9,855,811		$	7,871,890		$	7,006,695
Additions (including acquisitions and improvements)	2,508,333			2,187,306			1,172,855
Disposals	(78,886		)	(78,607		)	(9,295		)
Foreign currency transaction adjustments and others	662,477			(124,778		)	(298,365		)
Balance, end of year	$	12,947,735		$	9,855,811		$	7,871,890

Accumulated Depreciation:



	2017			2016			2015
Balance, beginning of period	$	(3,175,972	)	$	(2,595,648	)	$	(2,242,345	)
Additions (depreciation expense)	(748,942		)	(618,970		)	(440,002		)
Disposals	65,922			9,401			7,396
Foreign currency transaction adjustments and others	(121,206		)	29,245			79,303
Balance, end of year	$	(3,980,198	)	$	(3,175,972	)	$	(2,595,648	)