SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2017

(in thousands)



			Initial Cost to Company				Cost Capitalized Subsequent to Acquisition^(a)		Increase (Decrease) in Net Investments ^(b)			Gross Amount at which Carried at Close of Period ^{(c) (d)}						Accumulated Depreciation ^(d)		Date of Construction	Date Acquired	Life on which Depreciation in Latest Statement of Income is Computed
Description	Encumbrances		Land		Buildings		Cost Capitalized Subsequent to Acquisition^(a)		Increase (Decrease) in Net Investments ^(b)			Land		Buildings		Total		Accumulated Depreciation ^(d)		Date of Construction	Date Acquired
Real Estate Under Operating Leases
Industrial facility in Norfolk, NE	$	1,340	$	625	$	1,713	$	—	$	107		$	625	$	1,820	$	2,445	$	582	1975	Jun. 2008	30 yrs.
Office facility in Soest, Germany and warehouse facility in Bad Wünnenberg, Germany	—		3,193		45,932		—		(11,903		)	2,419		34,803		37,222		8,800		1982; 1996	Jul. 2008	36 yrs.
Education facility in Chicago, IL	11,782		6,300		20,509		—		(527		)	6,300		19,982		26,282		6,329		1912	Jul. 2008	30 yrs.
Industrial facilities in Sergeant Bluff, IA; Bossier City, LA; and Alvarado, TX	27,730		2,725		25,233		28,116		(3,395		)	4,701		47,978		52,679		9,055		Various	Aug. 2008	25 - 40 yrs.
Industrial facility in Waldaschaff, Germany	—		10,373		16,708		—		(16,744		)	2,987		7,350		10,337		5,269		1937	Aug. 2008	15 yrs.
Fitness facilities in Phoenix, AZ and Columbia, MD	33,367		14,500		48,865		—		(2,062		)	14,500		46,803		61,303		10,833		2006	Sep. 2008	40 yrs.
Office facility in Birmingham, United Kingdom	17,056		3,591		15,810		949		(3,279		)	2,990		14,081		17,071		2,830		2009	Sep. 2009	40 yrs.
Retail facility in Gorzow, Poland	—		1,095		13,947		—		(2,767		)	895		11,380		12,275		2,352		2008	Oct. 2009	40 yrs.
Office facility in Hoffman Estates, IL	25,817		5,000		21,764		—		—			5,000		21,764		26,764		4,391		2009	Dec. 2009	40 yrs.
Office facility in The Woodlands, TX	34,828		1,400		41,502		—		—			1,400		41,502		42,902		8,387		2009	Dec. 2009	40 yrs.
Retail facilities located throughout Spain	—		32,574		52,101		—		(11,943		)	28,057		44,675		72,732		8,930		Various	Dec. 2009	20 yrs.
Industrial facilities in Middleburg Heights and Union Township, OH	5,318		1,000		10,793		2		—			1,000		10,795		11,795		2,137		1990; 1997	Feb. 2010	40 yrs.
Industrial facilities in Phoenix, AZ; Colton, Fresno, Los Angeles, Orange, Pomona, and San Diego, CA; Safety Harbor, FL; Durham, NC; and Columbia, SC	12,185		19,001		13,059		—		—			19,001		13,059		32,060		2,982		Various	Mar. 2010	27 - 40 yrs.
Industrial facility in Evansville, IN	14,936		150		9,183		11,745		—			150		20,928		21,078		3,805		2009	Mar. 2010	40 yrs.
Warehouse facilities in Bristol, Cannock, Liverpool, Luton, Plymouth, Southampton, and Taunton, United Kingdom	3,905		8,639		2,019		—		(1,511		)	7,358		1,789		9,147		491		Various	Apr. 2010	28 yrs.
Warehouse facility in Zagreb, Croatia	—		31,941		45,904		—		(6,576		)	29,077		42,192		71,269		10,795		2001	Apr. 2010	30 yrs.
Office facilities in Tampa, FL	30,948		18,300		32,856		1,342		—			18,323		34,175		52,498		6,397		1985; 2000	May 2010	40 yrs.
Warehouse facility in Bowling Green, KY	24,864		1,400		3,946		33,809		—			1,400		37,755		39,155		5,979		2011	May 2010	40 yrs.
Land in Elorrio, Spain	—		19,924		3,981		—		246			24,151		—		24,151		—		N/A	Jun. 2010	N/A
Warehouse facility in Gadki, Poland	—		1,134		1,183		7,611		(1,491		)	960		7,477		8,437		1,261		2011	Aug. 2010	40 yrs.
Industrial and office facilities in Elberton, GA	—		560		2,467		—		—			560		2,467		3,027		521		1997; 2002	Sep. 2010	40 yrs.
Warehouse facilities in Rincon and Unadilla, GA	24,254		1,595		44,446		—		—			1,595		44,446		46,041		7,964		2000; 2006	Nov. 2010	40 yrs.
Office facility in Hartland, WI	2,996		1,402		2,041		—		—			1,402		2,041		3,443		418		2001	Nov. 2010	35 yrs.

SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

December 31, 2017

(in thousands)



		Initial Cost to Company		Cost Capitalized Subsequent to Acquisition^(a)	Increase (Decrease) in Net Investments ^(b)		Gross Amount at which Carried at Close of Period ^{(c) (d)}			Accumulated Depreciation ^(d)	Date of Construction	Date Acquired	Life on which Depreciation in Latest Statement of Income is Computed
Description	Encumbrances	Land	Buildings	Cost Capitalized Subsequent to Acquisition^(a)	Increase (Decrease) in Net Investments ^(b)		Land	Buildings	Total	Accumulated Depreciation ^(d)	Date of Construction	Date Acquired
Retail facilities in Kutina, Slavonski Brod, Spansko, and Zagreb, Croatia	—	6,700	24,114	194	(5,624	)	5,316	20,068	25,384	5,182	2000; 2002; 2003	Dec. 2010	30 yrs.
Warehouse and office facilities located throughout the United States	104,062	31,735	129,011	855	(9,861	)	28,511	123,229	151,740	24,696	Various	Dec. 2010	40 yrs.
Office facility in Madrid, Spain	59,012	22,230	81,508	—	(9,013	)	20,295	74,430	94,725	13,035	2002	Dec. 2010	40 yrs.
Office facility in Houston, TX	3,055	1,838	2,432	—	20		1,838	2,452	4,290	688	1982	Dec. 2010	25 yrs.
Retail facility in Las Vegas, NV	39,766	26,934	31,037	26,048	(44,166	)	5,070	34,783	39,853	4,809	2012	Dec. 2010	40 yrs.
Warehouse facilities in Oxnard and Watsonville, CA	40,106	16,036	67,300	—	(7,149	)	16,036	60,151	76,187	11,722	1975; 1994; 2002	Jan. 2011	10 - 40 yrs.
Warehouse facility in Dillon, SC	16,970	1,355	15,620	1,600	(123	)	1,232	17,220	18,452	2,821	2001	Mar. 2011	40 yrs.
Warehouse facility in Middleburg Heights, OH	—	600	1,690	—	—		600	1,690	2,290	286	2002	Mar. 2011	40 yrs.
Office facility in Martinsville, VA	7,847	600	1,998	11,331	—		600	13,329	13,929	2,038	2011	May 2011	40 yrs.
Land in Chicago, IL	4,643	7,414	—	—	—		7,414	—	7,414	—	N/A	Jun. 2011	N/A
Industrial facility in Fraser, MI	3,787	928	1,392	6,193	(80	)	928	7,505	8,433	1,182	2012	Sep. 2011	35 yrs.
Retail facilities located throughout Italy	178,792	91,691	262,377	—	(49,384	)	79,856	224,828	304,684	38,757	Various	Sep. 2011	29 - 40 yrs.
Retail facilities in Delnice, Pozega, and Sesvete, Croatia	—	2,687	24,820	15,378	(5,533	)	3,562	33,790	37,352	6,849	2011	Nov. 2011	30 yrs.
Retail facility in Orlando, FL	—	32,739	—	19,959	(32,739	)	5,577	14,382	19,959	1,354	2011	Dec. 2011	40 yrs.
Land in Hudson, NY	704	2,080	—	—	—		2,080	—	2,080	—	N/A	Dec. 2011	N/A
Office facilities in Aurora, Eagan, and Virginia, MN	104,499	13,546	110,173	—	993		13,546	111,166	124,712	22,491	Various	Jan. 2012	32 - 40 yrs.
Industrial facility in Chmielów, Poland	17,536	1,323	5,245	30,804	(443	)	1,977	34,952	36,929	3,792	2012	Apr. 2012	40 yrs.
Office facility in St. Louis, MO	5,374	954	4,665	1,685	—		954	6,350	7,304	897	1995	Jul. 2012	38 yrs.
Industrial facility in Avon, OH	3,325	926	4,975	—	—		926	4,975	5,901	823	2001	Aug. 2012	35 yrs.
Industrial facility in Elk Grove Village, IL	8,638	1,269	11,317	163	—		1,269	11,480	12,749	2,892	1961	Aug. 2012	40 yrs.
Education facilities in Montgomery, AL and Savannah, GA	15,110	5,255	16,960	—	—		5,255	16,960	22,215	2,751	1969; 2002	Sep. 2012	40 yrs.
Automotive dealerships in Huntsville, AL; Bentonville, AR; Bossier City, LA; Lee’s Summit, MO; Fayetteville, TN; and Fort Worth, TX	—	17,283	32,225	—	(32	)	17,269	32,207	49,476	7,603	Various	Sep. 2012	16 yrs.
Office facility in Warrenville, IL	18,101	3,698	28,635	—	—		3,698	28,635	32,333	4,360	2002	Sep. 2012	40 yrs.
Office and warehouse facility in Zary, Poland	3,003	356	1,168	6,910	(680	)	327	7,427	7,754	898	2013	Sep. 2012	40 yrs.
Industrial facility in Sterling, VA	—	3,118	14,007	5,071	—		3,118	19,078	22,196	2,981	1980	Oct. 2012	35 yrs.
Office facility in Houston, TX	127,853	19,331	123,084	7,482	2,899		19,331	133,465	152,796	22,722	1973	Nov. 2012	30 yrs.
Education facility in Eagan, MN	8,867	2,104	11,462	—	(85	)	1,994	11,487	13,481	1,769	2003	Dec. 2012	35 yrs.

SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

December 31, 2017

(in thousands)



		Initial Cost to Company		Cost Capitalized Subsequent to Acquisition^(a)	Increase (Decrease) in Net Investments ^(b)		Gross Amount at which Carried at Close of Period ^{(c) (d)}			Accumulated Depreciation ^(d)	Date of Construction	Date Acquired	Life on which Depreciation in Latest Statement of Income is Computed
Description	Encumbrances	Land	Buildings	Cost Capitalized Subsequent to Acquisition^(a)	Increase (Decrease) in Net Investments ^(b)		Land	Buildings	Total	Accumulated Depreciation ^(d)	Date of Construction	Date Acquired
Warehouse facility in Saitama Prefecture, Japan	—	17,292	28,575	—	(12,392	)	12,620	20,855	33,475	4,204	2007	Dec. 2012	26 yrs.
Retail facilities in Bjelovar, Karlovac, Krapina, Krizevci, Metkovic, Novigrad, Porec, Umag, and Vodnjan, Croatia	21,041	5,059	28,294	6,634	(3,453	)	6,531	30,003	36,534	3,997	Various	Dec. 2012	32 - 40 yrs.
Industrial facility in Portage, WI	4,524	3,338	4,556	502	—		3,338	5,058	8,396	962	1970	Jan. 2013	30 yrs.
Retail facility in Dallas, TX	9,431	4,441	9,649	87	—		4,441	9,736	14,177	1,207	1913	Feb. 2013	40 yrs.
Warehouse facility in Dillon, SC	25,856	3,096	2,281	37,989	(566	)	2,530	40,270	42,800	3,608	2013	Mar. 2013	40 yrs.
Land in Chicago, IL	—	15,459	—	—	—		15,459	—	15,459	—	N/A	Apr. 2013	N/A
Office facility in Northbrook, IL	5,369	—	942	—	—		—	942	942	284	2007	May 2013	40 yrs.
Industrial facility in Wageningen, Netherlands	18,853	4,790	24,301	47	(2,402	)	4,438	22,298	26,736	2,565	2013	Jul. 2013	40 yrs.
Warehouse facilities in Gadki, Poland	33,703	9,219	48,578	121	(4,706	)	8,469	44,743	53,212	5,466	2007; 2010	Jul. 2013	40 yrs.
Automotive dealership in Lewisville, TX	9,145	3,269	9,605	—	—		3,269	9,605	12,874	1,465	2004	Aug. 2013	39 yrs.
Office facility in Auburn Hills, MI	5,806	789	7,163	—	—		789	7,163	7,952	823	2012	Oct. 2013	40 yrs.
Office facility in Haibach, Germany	9,249	2,544	11,114	—	(1,534	)	2,258	9,866	12,124	1,547	1993	Oct. 2013	30 yrs.
Office facility in Tempe, AZ	14,550	—	16,996	4,272	—		—	21,268	21,268	2,373	2000	Dec. 2013	40 yrs.
Office facility in Tucson, AZ	—	2,440	11,175	—	—		2,440	11,175	13,615	1,355	2002	Feb. 2014	38 yrs.
Industrial facility in Drunen, Netherlands	10,296	990	6,328	7,922	1,693		1,470	15,463	16,933	1,025	2014	Apr. 2014	40 yrs.
Industrial facility in New Concord, OH	1,532	784	2,636	—	—		784	2,636	3,420	337	1999	Apr. 2014	35 - 40 yrs.
Office facility in Krakow, Poland	5,669	2,771	6,549	—	(682	)	2,568	6,070	8,638	571	2003	Sep. 2014	40 yrs.
Retail facility in Gelsenkirchen, Germany	14,232	2,060	17,534	123	(985	)	1,956	16,776	18,732	1,682	2000	Oct. 2014	35 yrs.
Office facility in Plymouth, Minnesota	22,117	2,601	15,599	5,835	926		2,601	22,360	24,961	2,665	1999	Dec. 2014	40 yrs.
Office facility in San Antonio, TX	13,919	3,131	13,124	—	—		3,131	13,124	16,255	1,148	2002	Jan. 2015	40 yrs.
Warehouse facilities in Mszczonów and Tomaszów Mazowiecki, Poland	33,497	10,108	35,856	8	2,719		10,704	37,987	48,691	3,785	1995; 2000	Feb. 2015	31 yrs.
Retail facilities in Joliet, IL; Fargo, ND; and Ashwaubenon, Brookfield, Greendale, and Wauwatosa, WI	41,388	20,936	34,627	332	—		20,936	34,959	55,895	3,708	Various	Jun. 2015	27 - 29 yrs.
Warehouse facility in Sered, Slovakia	17,867	4,059	15,297	9,920	2,557		4,425	27,408	31,833	1,712	2004	Jul. 2015	36 yrs.
Industrial facility in Tuchomerice, Czech Republic	18,294	9,424	21,860	256	1,619		10,381	22,778	33,159	1,411	1998	Dec. 2015	40 yrs.
Office facility in Warsaw, Poland	41,189	—	54,296	9	5,518		—	59,823	59,823	3,170	2015	Dec. 2015	40 yrs.
Net-lease student housing facility in Jacksonville, FL	11,939	870	15,787	—	—		870	15,787	16,657	824	2015	Jan. 2016	40 yrs.
Warehouse facilities in Houston, TX	—	2,210	1,362	—	—		2,210	1,362	3,572	89	1972	Feb. 2016	38 yrs.
Office facility in Oak Creek, WI	—	2,801	11,301	—	—		2,801	11,301	14,102	546	2000	Sep. 2016	35 yrs.

SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

December 31, 2017

(in thousands)



			Initial Cost to Company				Cost Capitalized Subsequent to Acquisition^(a)		Increase (Decrease) in Net Investments ^(b)			Gross Amount at which Carried at Close of Period ^{(c) (d)}						Accumulated Depreciation ^(d)		Date of Construction	Date Acquired	Life on which Depreciation in Latest Statement of Income is Computed
Description	Encumbrances		Land		Buildings		Cost Capitalized Subsequent to Acquisition^(a)		Increase (Decrease) in Net Investments ^(b)			Land		Buildings		Total		Accumulated Depreciation ^(d)		Date of Construction	Date Acquired
Warehouse facility in Perrysburg, OH	—		774		11,756		—		—			774		11,756		12,530		594		1974	Sep. 2016	30 yrs.
Warehouse facilities in Shelbyville, IN; Kalamazoo, MI; Tiffin, OH; Andersonville, TN; and Millwood, WV	—		2,706		24,178		10,622		—			3,086		34,420		37,506		1,405		Various	Nov. 2016	28 - 40 yrs.
Warehouse facility in Zabia Wola, Poland	18,876		3,441		20,654		118		3,214			3,897		23,530		27,427		701		1999	Nov. 2016	40 yrs.
Warehouse facility in Kaunas, Lithuania	43,141		2,194		42,109		167		5,636			2,472		47,634		50,106		1,325		2008	Dec. 2016	40 yrs.
Office facility in Buffalo Grove, IL	—		2,035		7,444		—		—			2,035		7,444		9,479		208		1992	Feb. 2017	38 yrs.
	$	1,493,859	$	646,783	$	2,044,703	$	302,211	$	(225,683	)	$	567,113	$	2,200,901	$	2,768,014	$	354,668

SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

December 31, 2017

(in thousands)



			Initial Cost to Company				Cost Capitalized Subsequent to Acquisition^(a)		Increase (Decrease) in Net Investments ^(b)			Gross Amount at which Carried at Close of Period Total		Date of Construction	Date Acquired
Description	Encumbrances		Land		Buildings		Cost Capitalized Subsequent to Acquisition^(a)		Increase (Decrease) in Net Investments ^(b)			Gross Amount at which Carried at Close of Period Total		Date of Construction	Date Acquired
Direct Financing Method
Industrial and office facilities in Nagold, Germany	$	—	$	6,012	$	41,493	$	—	$	(27,418	)	$	20,087	1937; 1994	Aug. 2008
Industrial facilities in Mayodan, Sanford, and Stoneville, NC	—		3,100		35,766		—		(3,152		)	35,714		1992; 1997; 1998	Dec. 2008
Industrial facility in Glendale Heights, IL	16,562		3,820		11,148		18,245		3,172			36,385		1991	Jan. 2009
Office facility in New York City, NY	100,426		—		233,720		—		15,680			249,400		2007	Mar. 2009
Industrial facilities in Colton, Fresno, Los Angeles, Orange, Pomona, and San Diego, CA; Holly Hill, FL; Rockmart, GA; Ooltewah, TN; and Dallas, TX	8,973		1,730		20,778		—		(1,094		)	21,414		Various	Mar. 2010
Warehouse facilities in Bristol, Leeds, Liverpool, Luton, Newport, Plymouth, and Southampton, United Kingdom	8,780		508		24,009		—		(5,052		)	19,465		Various	Apr. 2010
Retail facilities in Dugo Selo and Samobor, Croatia	—		1,804		11,618		—		(1,472		)	11,950		2002; 2003	Dec. 2010
Warehouse facility in Oxnard, CA	5,658		—		8,957		—		137			9,094		1975	Jan. 2011
Industrial facilities in Bartow, FL; Momence, IL; Smithfield, NC; Hudson, NY; and Ardmore, OK	20,454		3,750		50,177		—		6,553			60,480		Various	Apr. 2011
Industrial facility in Clarksville, TN	3,971		600		7,291		—		451			8,342		1998	Aug. 2011
Industrial facility in Countryside, IL	1,920		425		1,800		—		38			2,263		1981	Dec. 2011
Industrial facility in Bluffton, IN	1,834		264		3,407		—		19			3,690		1975	Apr. 2014
Retail facilities in Joliet, Illinois and Greendale, Wisconsin	15,568		—		19,002		2		626			19,630		1970; 1978	Jun. 2015
Warehouse facility in Houston, TX	—		—		4,233		—		48			4,281		1972	Feb. 2016
Industrial facilities in Sedalia, MO; Lumberton and Mount Airy, NC; and Wilkes-Barre, PA	—		2,142		10,085		50		(5,244		)	7,033		Various	Apr. 2016
	$	184,146	$	24,155	$	483,484	$	18,297	$	(16,708	)	$	509,228

SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

December 31, 2017

(in thousands)



			Initial Cost to Company				Costs Capitalized Subsequent to Acquisition ^(a)		Increase (Decrease) in Net Investments^(b)			Gross Amount at which Carried at Close of Period ^{(c) (d)}						Accumulated Depreciation ^(d)		Date of Construction	Date Acquired	Life on which Depreciation in Latest Statement of Income is Computed
Description	Encumbrances		Land		Buildings		Costs Capitalized Subsequent to Acquisition ^(a)		Increase (Decrease) in Net Investments^(b)			Land		Buildings		Total		Accumulated Depreciation ^(d)		Date of Construction	Date Acquired
Operating Real Estate — Self-Storage Facilities
Fort Worth, TX	$	3,539	$	610	$	2,672	$	62	$	36		$	610	$	2,770	$	3,380	$	594	2004	Apr. 2011	33 yrs.
Palm Springs, CA	5,932		1,287		3,124		106		36			1,287		3,266		4,553		750		1989	Jun. 2011	30 yrs.
Kailua-Kona, HI	3,803		1,000		1,108		70		38			1,000		1,216		2,216		343		1987	Jun. 2011	30 yrs.
Chicago, IL	3,483		600		4,124		217		10			600		4,351		4,951		872		1916	Jun. 2011	25 yrs.
Chicago, IL	2,490		400		2,074		229		4			400		2,307		2,707		478		1968	Jun. 2011	30 yrs.
Rockford, IL	1,807		548		1,881		51		22			548		1,954		2,502		526		1979	Jun. 2011	25 yrs.
Rockford, IL	586		114		633		139		41			114		813		927		242		1979	Jun. 2011	25 yrs.
Rockford, IL	2,298		380		2,321		68		(98		)	337		2,334		2,671		618		1957	Jun. 2011	25 yrs.
Kihei, HI	5,064		2,523		7,481		818		26			2,523		8,325		10,848		1,388		1991	Aug. 2011	40 yrs.
National City, CA	2,409		3,158		1,483		185		17			3,158		1,685		4,843		400		1987	Aug. 2011	28 yrs.
Mundelein, IL	3,405		1,080		5,287		264		69			1,080		5,620		6,700		1,474		1991	Aug. 2011	25 yrs.
Pearl City, HI	6,145		—		5,141		774		22			—		5,937		5,937		1,843		1977	Aug. 2011	20 yrs.
Palm Springs, CA	1,968		1,019		2,131		435		7			1,019		2,573		3,592		583		1987	Sep. 2011	28 yrs.
Loves Park, IL	1,127		394		3,390		137		(122		)	394		3,405		3,799		1,069		1997	Sep. 2011	20 yrs.
Mundelein, IL	684		535		1,757		157		21			535		1,935		2,470		622		1989	Sep. 2011	20 yrs.
Chicago, IL	3,025		1,049		5,672		254		7			1,049		5,933		6,982		1,237		1988	Sep. 2011	30 yrs.
Beaumont, CA	2,586		1,616		2,873		94		14			1,616		2,981		4,597		600		1992	Nov. 2011	40 yrs.
San Bernardino, CA	990		698		1,397		95		15			698		1,507		2,205		292		1989	Nov. 2011	40 yrs.
Peoria, IL	3,009		549		2,424		37		6			549		2,467		3,016		634		1990	Nov. 2011	35 yrs.
East Peoria, IL	2,281		409		1,816		64		8			409		1,888		2,297		457		1986	Nov. 2011	35 yrs.
Loves Park, IL	1,712		439		998		251		155			439		1,404		1,843		339		1978	Nov. 2011	35 yrs.
Hesperia, CA	843		648		1,377		151		8			648		1,536		2,184		313		1989	Dec. 2011	40 yrs.
Cherry Valley, IL	1,658		1,076		1,763		35		18			1,076		1,816		2,892		690		1988	Jul. 2012	20 yrs.
Fayetteville, NC	3,093		1,677		3,116		67		10			1,677		3,193		4,870		743		2001	Sep. 2012	34 yrs.
Cathedral City, CA	1,288		—		2,275		17		15			—		2,307		2,307		428		1990	Mar. 2013	34 yrs.
Hilo, HI	7,758		296		4,996		45		—			296		5,041		5,337		587		2007	Jun. 2013	40 yrs.
Clearwater, FL	3,684		924		2,966		66		14			924		3,046		3,970		463		2001	Jul. 2013	32 yrs.
Winder, GA	954		546		30		7		8			546		45		591		16		2006	Jul. 2013	31 yrs.
Winder, GA	3,281		495		1,253		55		9			495		1,317		1,812		323		2001	Jul. 2013	25 yrs.
Orlando, FL	5,614		1,064		4,889		195		18			1,064		5,102		6,166		701		2000	Aug. 2013	35 yrs.
Palm Coast, FL	3,372		1,749		3,285		117		155			1,749		3,557		5,306		691		2001	Sep. 2013	29 yrs.
Holiday, FL	2,218		1,829		1,097		652		9			1,829		1,758		3,587		314		1975	Nov. 2013	23 yrs.

SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)

December 31, 2017

(in thousands)



			Initial Cost to Company				Costs Capitalized Subsequent to Acquisition ^(a)		Increase (Decrease) in Net Investments^(b)		Gross Amount at which Carried at Close of Period ^{(c) (d)}						Accumulated Depreciation ^(d)		Date of Construction	Date Acquired	Life on which Depreciation in Latest Statement of Income is Computed
Description	Encumbrances		Land		Buildings		Costs Capitalized Subsequent to Acquisition ^(a)		Increase (Decrease) in Net Investments^(b)		Land		Buildings		Total		Accumulated Depreciation ^(d)		Date of Construction	Date Acquired
New York City, NY	12,704		5,692		16,076		9		—		5,692		16,085		21,777		694		1963	Apr. 2016	40 yrs.
New York City, NY	21,908		5,823		31,032		3		—		5,823		31,035		36,858		1,350		2005	Apr. 2016	40 yrs.
New York City, NY	23,376		6,184		35,188		18		—		6,184		35,206		41,390		1,558		2007	Apr. 2016	40 yrs.
New York City, NY	15,908		8,120		18,502		5		—		8,120		18,507		26,627		922		1948	Apr. 2016	35 yrs.
New York City, NY	5,452		1,157		10,167		80		—		1,157		10,247		11,404		447		1928	Apr. 2016	40 yrs.

Operating Real Estate — Hotel
Miami, FL	—		34,397		46,261		—		—		34,397		46,261		80,658		486		1940	Oct. 2017	40 yrs.
	$	171,454	$	90,085	$	244,060	$	6,029	$	598	$	90,042	$	250,730	$	340,772	$	26,087

___________


(a)	Consists of the cost of improvements subsequent to acquisition and acquisition costs, including construction costs on build-to-suit transactions, legal fees, appraisal fees, title costs, and other related professional fees. For business combinations, transaction costs are excluded.


(b)	The increase (decrease) in net investment was primarily due to (i) changes in foreign currency exchange rates, (ii) sales of properties, (iii) impairment charges, and (iv) the amortization of unearned income from net investment in direct financing leases, which produces a periodic rate of return that at times may be greater or less than lease payments received.


(c)	Excludes (i) gross lease intangible assets of $741.0 million and the related accumulated amortization of $245.9 million, (ii) gross lease intangible liabilities of $83.4 million and the related accumulated amortization of $22.2 million, and (iii) real estate under construction of $4.6 million.


(d)	A reconciliation of real estate and accumulated depreciation follows: