Schedule III - Consolidated Real Estate Owned and Accumulated Depreciation

12 Months Ended

Dec. 31, 2014

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Consolidated Real Estate Owned And Accumulated Depreciation

AmREIT MONTHLY INCOME & GROWTH FUND III, LTD. AND SUBSIDIARIES

SCHEDULE III - Consolidated Real Estate Owned and Accumulated Depreciation

For the year ended December 31, 2014

	Initial Cost									Total Cost
							Cost Capitalized
Property	Building and						Subsequent to			Building and									Accumulated				Date
Description	Improvements			Land			Acquisition			Improvements			Land			Total			Depreciation				Acquired	Encumbrances
Westside Plaza		$	8,631,610		$	4,750,000		$	1,424,503		$	10,046,510		$	4,759,603		$	14,806,113		$	(2,786,757	)	9/30/2005		$	8,980,273

Activity within real estate and accumulated depreciation during the three years ended December 31, 2014, 2013 and 2012 is as follows:

				Accumulated
	Cost			Depreciation
Balance at December 31, 2011	$	44,738,309		$	6,977,583
Acquisitions / additions		516,632			-
Disposals		(11,465,558	)		(2,176,682	)
Depreciation expense		-			931,539
Balance at December 31, 2012	$	33,789,383		$	5,732,440
Acquisitions / additions		311,911			-
Depreciation expense		-			879,244
Balance at December 31, 2013	$	34,101,294		$	6,611,684
Acquisitions / additions		54,952			-
Disposals		(19,350,133	)		(4,420,236	)
Depreciation expense		-			595,309
Balance at December 31, 2014	$	14,806,113		$	2,786,757