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SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION
12 Months Ended
Dec. 31, 2017
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]  
SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION
 
 
 
 
 
 
 
Initial Cost to Company
 
Costs Capitalized Subsequent to Acquisition
 
 
 
Cost amount carried at Close of Period
 
 
 
 
 
 
 
Property
 
Location
 
Encumbrances (1)
 
Land
 
Buildings
and
Equipment
 
 
Impairments/
Writedowns
 
Land
 
Buildings
and
Equipment
 
Total (2)
 
Accumulated
Depreciation
(3)
 
Date(s)
Acquired
 
Original
Construction
Date(s)
1
131 Clayton Street
 
Montgomery, AL
 
$

 
$
920

 
$
9,084

 
$
29

 
$

 
$
920

 
$
9,113

 
$
10,033

 
$
(1,479
)
 
6/22/2011
 
2007
2
4344 Carmichael Road
 
Montgomery, AL
 

 
1,374

 
11,658

 

 

 
1,374

 
11,658

 
13,032

 
(1,166
)
 
12/17/2013
 
2009
3
15451 North 28th Avenue
 
Phoenix, AZ
 

 
1,917

 
7,416

 
456

 

 
1,917

 
7,872

 
9,789

 
(628
)
 
9/10/2014
 
1996
4
711 S 14th Avenue
 
Safford, AZ
 

 
460

 
11,708

 
348

 

 
460

 
12,056

 
12,516

 
(2,232
)
 
6/16/2010
 
1992
5
5045 East Butler Street
 
Fresno, CA
 

 
7,276

 
61,118

 
58

 

 
7,276

 
61,176

 
68,452

 
(23,497
)
 
8/29/2002
 
1971
6
10949 N. Mather Boulevard
 
Rancho Cordova, CA
 

 
562

 
16,923

 
101

 

 
562

 
17,024

 
17,586

 
(1,769
)
 
10/30/2013
 
2012
7
11020 Sun Center Drive
 
Rancho Cordova, CA
 

 
1,466

 
8,797

 
408

 

 
1,466

 
9,205

 
10,670

 
(237
)
 
12/20/2016
 
1983
8
801 K Street
 
Sacramento, CA
 

 
4,688

 
61,995

 
4,915

 

 
4,688

 
66,910

 
71,598

 
(3,608
)
 
1/29/2016
 
1989
9
9800 Goethe Road
 
Sacramento, CA
 

 
1,550

 
12,263

 
949

 

 
1,550

 
13,212

 
14,762

 
(2,598
)
 
12/23/2009
 
1993
10
9815 Goethe Road
 
Sacramento, CA
 

 
1,450

 
9,465

 
1,523

 

 
1,450

 
10,988

 
12,438

 
(1,731
)
 
9/14/2011
 
1992
11
Capitol Place
 
Sacramento, CA
 

 
2,290

 
35,891

 
7,032

 

 
2,290

 
42,923

 
45,213

 
(8,331
)
 
12/17/2009
 
1988
12
4181 Ruffin Road
 
San Diego, CA
 

 
5,250

 
10,549

 
4,294

 

 
5,250

 
14,843

 
20,093

 
(3,332
)
 
7/16/2010
 
1981
13
4560 Viewridge Road
 
San Diego, CA
 

 
4,269

 
18,316

 
4,195

 

 
4,347

 
22,433

 
26,780

 
(9,882
)
 
3/31/1997
 
1996
14
9174 Sky Park Centre
 
San Diego, CA
 

 
685

 
5,530

 
2,653

 

 
685

 
8,183

 
8,868

 
(2,684
)
 
6/24/2002
 
1986
15
603 San Juan Avenue
 
Stockton, CA
 

 
563

 
5,470

 

 

 
563

 
5,470

 
6,033

 
(741
)
 
7/20/2012
 
2012
16
16194 West 45th Street
 
Golden, CO
 

 
494

 
152

 
6,495

 

 
494

 
6,647

 
7,141

 
(3,316
)
 
3/31/1997
 
1997
17
12795 West Alameda Parkway
 
Lakewood, CO
 
4,111

 
2,640

 
23,777

 
1,065

 

 
2,640

 
24,842

 
27,482

 
(4,931
)
 
1/15/2010
 
1988
18
Corporate Center
 
Lakewood, CO
 

 
2,887

 
27,537

 
3,898

 

 
2,887

 
31,435

 
34,322

 
(11,581
)
 
10/11/2002
 
1980
19
20 Massachusetts Avenue
 
Washington, DC
 

 
12,009

 
51,528

 
21,245

 

 
12,231

 
72,551

 
84,782

 
(33,237
)
 
3/31/1997
 
1996
20
625 Indiana Avenue
 
Washington, DC
 

 
26,000

 
25,955

 
6,555

 

 
26,000

 
32,510

 
58,510

 
(6,374
)
 
8/17/2010
 
1989
21
11 Dupont Circle, NW
 
Washington, DC
 
64,293

 
28,255

 
44,743

 
1,299

 

 
28,255

 
46,042

 
74,297

 
(316
)
 
10/2/2017
 
1974
22
1211 Connecticut Avenue, NW
 
Washington, DC
 
27,906

 
30,388

 
24,667

 
220

 

 
30,388

 
24,887

 
55,275

 
(176
)
 
10/2/2017
 
1967
23
1401 K Street, NW
 
Washington, DC
 
25,501

 
29,215

 
34,656

 
1,194

 

 
29,215

 
35,850

 
65,065

 
(291
)
 
10/2/2017
 
1929
24
440 First Street, NW
 
Washington, DC
 

 
27,903

 
38,624

 
683

 

 
27,903

 
39,307

 
67,210

 
(241
)
 
10/2/2017
 
1982
25
500 First Street, NW
 
Washington, DC
 

 
30,478

 
15,660

 

 

 
30,478

 
15,660

 
46,138

 
(112
)
 
10/2/2017
 
1969
26
840 First Street, NE
 
Washington, DC
 
36,085

 
42,727

 
73,249

 

 

 
42,727

 
73,249

 
115,976

 
(458
)
 
10/2/2017
 
2003
27
7850 Southwest 6th Court
 
Plantation, FL
 

 
4,800

 
30,592

 
383

 

 
4,800

 
30,975

 
35,775

 
(5,224
)
 
5/12/2011
 
1999
28
8900 Grand Oak Circle
 
Tampa, FL
 
8,391

 
1,100

 
11,773

 
169

 

 
1,100

 
11,942

 
13,042

 
(2,169
)
 
10/15/2010
 
1994
 
 
 
 
 
 
 
Initial Cost to Company
 
Costs Capitalized Subsequent to Acquisition
 
 
 
Cost amount carried at Close of Period
 
 
 
 
 
 
 
Property
 
Location
 
Encumbrances (1)
 
Land
 
Buildings
and
Equipment
 
 
Impairments/
Writedowns
 
Land
 
Buildings
and
Equipment
 
Total (2)
 
Accumulated
Depreciation
(3)
 
Date(s)
Acquired
 
Original
Construction
Date(s)
29
181 Spring Street NW
 
Atlanta, GA
 
$

 
5,717

 
$
20,017

 
136

 
$

 
5,717

 
20,153

 
25,871

 
(2,719
)
 
7/25/2012
 
2007
30
Corporate Square
 
Atlanta, GA
 

 
3,996

 
29,762

 
27,321

 

 
3,996

 
57,083

 
61,079

 
(11,541
)
 
7/16/2004
 
1967
31
Executive Park
 
Atlanta, GA
 

 
1,521

 
11,826

 
4,003

 

 
1,521

 
15,829

 
17,350

 
(5,127
)
 
7/16/2004
 
1972
32
One Georgia Center
 
Atlanta, GA
 

 
10,250

 
27,933

 
3,581

 

 
10,250

 
31,514

 
41,764

 
(4,576
)
 
9/30/2011
 
1968
33
4712 Southpark Boulevard
 
Ellenwood, GA
 

 
1,390

 
19,635

 
74

 

 
1,390

 
19,709

 
21,099

 
(2,661
)
 
7/25/2012
 
2005
34
1185, 1249 & 1387 S. Vinnell Way
 
Boise, ID
 

 
3,390

 
29,026

 
802

 

 
3,390

 
29,828

 
33,218

 
(4,059
)
 
9/11/2012
 
1996; 1997; 2002
35
2020 S. Arlington Heights
 
Arlington Heights, IL
 

 
1,450

 
13,160

 
730

 

 
1,450

 
13,890

 
15,340

 
(2,746
)
 
12/29/2009
 
1988
36
Intech Park
 
Indianapolis, IN
 

 
4,170

 
68,888

 
3,822

 

 
4,170

 
72,710

 
76,880

 
(11,657
)
 
10/14/2011
 
2000; 2001; 2008
37
400 State Street
 
Kansas City, KS
 

 
640

 
9,932

 
4,599

 

 
640

 
14,531

 
15,171

 
(2,559
)
 
6/16/2010
 
1971
38
7125 Industrial Road
 
Florence, KY
 

 
1,698

 
11,722

 
81

 

 
1,698

 
11,803

 
13,501

 
(1,468
)
 
12/31/2012
 
1980
39
251 Causeway Street
 
Boston, MA
 

 
5,100

 
17,293

 
1,752

 

 
5,100

 
19,045

 
24,145

 
(3,427
)
 
8/17/2010
 
1987
40
75 Pleasant Street
 
Malden, MA
 

 
1,050

 
31,086

 
159

 

 
1,050

 
31,245

 
32,295

 
(5,970
)
 
5/24/2010
 
2008
41
25 Newport Avenue
 
Quincy, MA
 

 
2,700

 
9,199

 
1,297

 

 
2,700

 
10,496

 
13,196

 
(1,662
)
 
2/16/2011
 
1985
42
One Montvale Avenue
 
Stoneham, MA
 

 
1,670

 
11,035

 
2,095

 

 
1,670

 
13,130

 
14,800

 
(2,308
)
 
6/16/2010
 
1945
43
Annapolis Commerce Center
 
Annapolis, MD
 

 
4,057

 
7,665

 

 

 
4,057

 
7,665

 
11,722

 
(55
)
 
10/2/2017
 
1989
44
4201 Patterson Avenue
 
Baltimore, MD
 

 
901

 
8,097

 
3,976

 

 
901

 
12,073

 
12,974

 
(4,520
)
 
10/15/1998
 
1989
45
Ammendale Commerce Center
 
Beltsville, MD
 

 
4,879

 
9,498

 

 

 
4,879

 
9,498

 
14,377

 
(70
)
 
10/2/2017
 
1987
46
Indian Creek Technology Park
 
Beltsville, MD
 

 
8,796

 
12,093

 
24

 

 
8,796

 
12,117

 
20,913

 
(86
)
 
10/2/2017
 
1988
47
Gateway 270 West
 
Clarksburg, MD
 

 
12,104

 
9,688

 

 

 
12,104

 
9,688

 
21,792

 
(64
)
 
10/2/2017
 
2002
48
Hillside Center
 
Columbia, MD
 

 
3,437

 
4,228

 

 

 
3,437

 
4,228

 
7,665

 
(25
)
 
10/2/2017
 
2001
49
Snowden Center
 
Columbia, MD
 

 
7,955

 
10,128

 
54

 

 
7,955

 
10,182

 
18,137

 
(63
)
 
10/2/2017
 
1982
50
TenThreeTwenty
 
Columbia, MD
 

 
3,126

 
16,361

 
118

 

 
3,126

 
16,479

 
19,605

 
(103
)
 
10/2/2017
 
1982
51
20400 Century Boulevard
 
Germantown, MD
 

 
2,305

 
9,890

 
1,282

 

 
2,347

 
11,130

 
13,477

 
(5,296
)
 
3/31/1997
 
1995
52
Cloverleaf Center
 
Germantown, MD
 

 
11,890

 
4,639

 

 

 
11,890

 
4,639

 
16,529

 
(39
)
 
10/2/2017
 
2000
53
3300 75th Avenue
 
Landover, MD
 

 
4,110

 
36,371

 
1,045

 

 
4,110

 
37,416

 
41,526

 
(7,271
)
 
2/26/2010
 
1985
54
1401 Rockville Pike
 
Rockville, MD
 

 
3,248

 
29,258

 
16,534

 

 
3,248

 
45,792

 
49,040

 
(17,237
)
 
2/2/1998
 
1986
55
2115 East Jefferson Street
 
Rockville, MD
 

 
3,349

 
11,152

 
328

 

 
3,349

 
11,480

 
14,829

 
(1,229
)
 
8/27/2013
 
1981
56
Metro Park North
 
Rockville, MD
 

 
11,159

 
7,624

 

 

 
11,159

 
7,624

 
18,783

 
(59
)
 
10/2/2017
 
2001
 
 
 
 
 
 
 
Initial Cost to Company
 
Costs Capitalized Subsequent to Acquisition
 
 
 
Cost amount carried at Close of Period
 
 
 
 
 
 
 
Property
 
Location
 
Encumbrances (1)
 
Land
 
Buildings
and
Equipment
 
 
Impairments/
Writedowns
 
Land
 
Buildings
and
Equipment
 
Total (2)
 
Accumulated
Depreciation
(3)
 
Date(s)
Acquired
 
Original
Construction
Date(s)
57
Redland 520/530
 
Rockville, MD
 

 
12,714

 
61,377

 
1,217

 

 
12,714

 
62,594

 
75,308

 
(384
)
 
10/2/2017
 
2008
58
Redland 540
 
Rockville, MD
 

 
10,740

 
17,714

 
2,028

 

 
10,740

 
19,742

 
30,482

 
(111
)
 
10/2/2017
 
2003
59
Rutherford Business Park
 
Windsor Mill, MD
 

 
1,598

 
10,219

 
10

 

 
1,598

 
10,229

 
11,827

 
(1,299
)
 
11/16/2012
 
1972
60
Meadows Business Park
 
Woodlawn, MD
 

 
3,735

 
21,509

 
2,187

 

 
3,735

 
23,696

 
27,431

 
(3,907
)
 
2/15/2011
 
1973
61
11411 E. Jefferson Avenue
 
Detroit, MI
 

 
630

 
18,002

 
358

 

 
630

 
18,360

 
18,990

 
(3,460
)
 
4/23/2010
 
2009
62
330 2nd Avenue South
 
Minneapolis, MN
 

 
3,991

 
18,186

 
(4,246
)
 
(9,260
)
 
1,489

 
16,442

 
17,931

 

 
7/16/2010
 
1980
63
Rosedale Corporate Plaza
 
Roseville, MN
 

 
672

 
6,045

 
1,505

 

 
672

 
7,550

 
8,222

 
(3,194
)
 
12/1/1999
 
1987
64
1300 Summit Street
 
Kansas City, MO
 

 
2,776

 
12,070

 
253

 

 
2,776

 
12,323

 
15,099

 
(1,614
)
 
9/27/2012
 
1998
65
4241-4300 NE 34th Street
 
Kansas City, MO
 

 
1,443

 
6,193

 
3,851

 

 
1,780

 
9,707

 
11,487

 
(3,893
)
 
3/31/1997
 
1995
66
1220 Echelon Parkway
 
Jackson, MS
 

 
440

 
25,458

 
48

 

 
440

 
25,506

 
25,946

 
(3,459
)
 
7/25/2012
 
2009
67
10-12 Celina Avenue
 
Nashua, NH
 

 
3,000

 
14,052

 
1,545

 

 
3,000

 
15,597

 
18,597

 
(2,956
)
 
8/31/2009
 
1979
68
50 West State Street
 
Trenton, NJ
 

 
5,000

 
38,203

 
2,620

 

 
5,000

 
40,823

 
45,823

 
(6,948
)
 
12/30/2010
 
1989
69
138 Delaware Avenue
 
Buffalo, NY
 

 
4,405

 
18,899

 
5,226

 

 
4,485

 
24,045

 
28,530

 
(11,064
)
 
3/31/1997
 
1994
70
Airline Corporate Center
 
Colonie, NY
 

 
790

 
6,400

 
32

 

 
790

 
6,432

 
7,222

 
(881
)
 
6/22/2012
 
2004
71
5000 Corporate Court
 
Holtsville, NY
 

 
6,530

 
17,711

 
2,477

 

 
6,530

 
20,188

 
26,718

 
(3,183
)
 
8/31/2011
 
2000
72
305 East 46th Street
 
New York, NY
 

 
36,800

 
66,661

 
4,438

 

 
36,800

 
71,099

 
107,899

 
(11,212
)
 
5/27/2011
 
1928
73
4600 25th Avenue
 
Salem, OR
 

 
6,510

 
17,973

 
4,278

 

 
6,510

 
22,251

 
28,761

 
(4,066
)
 
12/20/2011
 
1957
74
Synergy Business Park
 
Columbia, SC
 

 
1,439

 
11,143

 
4,803

 

 
1,439

 
15,946

 
17,385

 
(3,718
)
 
5/10/2006;9/17/2010
 
1982; 1985
75
One Memphis Place
 
Memphis, TN
 

 
1,630

 
5,645

 
2,508

 

 
1,630

 
8,153

 
9,783

 
(1,434
)
 
9/17/2010
 
1985
76
701 Clay Road
 
Waco, TX
 

 
2,030

 
8,708

 
2,555

 

 
2,060

 
11,233

 
13,293

 
(4,708
)
 
12/23/1997
 
1997
77
14660, 14672 & 14668 Lee Road
 
Chantilly, VA
 

 
6,966

 
74,214

 
294

 

 
6,966

 
74,508

 
81,474

 
(1,856
)
 
12/22/2016
 
1998; 2002; 2006
78
1408 Stephanie Way
 
Chesapeake, VA
 

 
1,403

 
2,555

 

 

 
1,403

 
2,555

 
3,958

 
(21
)
 
10/2/2017
 
1998
79
1434 Crossways
 
Chesapeake, VA
 

 
3,617

 
19,527

 
276

 

 
3,617

 
19,803

 
23,420

 
(135
)
 
10/2/2017
 
1998
80
1441 Crossways Boulevard
 
Chesapeake, VA
 

 
2,485

 
10,189

 

 

 
2,485

 
10,189

 
12,674

 
(73
)
 
10/2/2017
 
1988
81
535 Independence Parkway
 
Chesapeake, VA
 
3,193

 
2,465

 
5,801

 

 

 
2,465

 
5,801

 
8,266

 
(41
)
 
10/2/2017
 
1987
82
Crossways
 
Chesapeake, VA
 

 
6,522

 
40,267

 

 

 
6,522

 
40,267

 
46,789

 
(318
)
 
10/2/2017
 
1989
83
Crossways II
 
Chesapeake, VA
 

 
1,633

 
8,035

 
153

 

 
1,633

 
8,188

 
9,821

 
(57
)
 
10/2/2017
 
1989
84
Greenbrier Circle Corporate Center
 
Chesapeake, VA
 

 
4,489

 
15,149

 
14

 

 
4,489

 
15,163

 
19,652

 
(126
)
 
10/2/2017
 
1981
 
 
 
 
 
 
 
Initial Cost to Company
 
Costs Capitalized Subsequent to Acquisition
 
 
 
Cost amount carried at Close of Period
 
 
 
 
 
 
 
Property
 
Location
 
Encumbrances (1)
 
Land
 
Buildings
and
Equipment
 
 
Impairments/
Writedowns
 
Land
 
Buildings
and
Equipment
 
Total (2)
 
Accumulated
Depreciation
(3)
 
Date(s)
Acquired
 
Original
Construction
Date(s)
85
Greenbrier Technology Center I
 
Chesapeake, VA
 

 
2,514

 
6,102

 

 

 
2,514

 
6,102

 
8,616

 
(51
)
 
10/2/2017
 
1987
86
Greenbrier Technology Center II
 
Chesapeake, VA
 

 
2,084

 
5,581

 
3

 

 
2,084

 
5,584

 
7,668

 
(47
)
 
10/2/2017
 
1987
87
Greenbrier Towers
 
Chesapeake, VA
 

 
3,437

 
11,241

 
27

 

 
3,437

 
11,268

 
14,705

 
(94
)
 
10/2/2017
 
1985
88
Enterchange at Meadowville
 
Chester, VA
 

 
1,478

 
9,594

 
283

 

 
1,478

 
9,877

 
11,355

 
(1,060
)
 
8/28/2013
 
1999
89
3920 Pender Drive
 
Fairfax, VA
 
13,620

 
2,963

 
12,840

 
12

 

 
2,963

 
12,852

 
15,815

 
(1,204
)
 
3/21/2014
 
1981
90
Pender Business Park
 
Fairfax, VA
 

 
2,529

 
21,386

 
193

 

 
2,529

 
21,579

 
24,108

 
(2,312
)
 
11/4/2013
 
2000
91
3201 Jermantown Road
 
Fairfax, VA
 

 
5,991

 
25,619

 
329

 

 
5,991

 
25,948

 
31,939

 
(213
)
 
10/2/2017
 
1984
92
7987 Ashton Avenue
 
Manassas, VA
 

 
1,562

 
8,253

 
333

 

 
1,562

 
8,586

 
10,148

 
(210
)
 
1/3/2017
 
1989
93
Gateway II
 
Norfolk, VA
 

 
1,194

 
1,563

 

 

 
1,194

 
1,563

 
2,757

 
(13
)
 
10/2/2017
 
1984
94
Norfolk Business Center
 
Norfolk, VA
 

 
2,134

 
5,430

 

 

 
2,134

 
5,430

 
7,564

 
(45
)
 
10/2/2017
 
1985
95
Norfolk Commerce Park II
 
Norfolk, VA
 

 
3,116

 
10,709

 
34

 

 
3,116

 
10,743

 
13,859

 
(76
)
 
10/2/2017
 
1990
96
1759 & 1760 Business Center Drive
 
Reston, VA
 

 
9,066

 
78,658

 
2,413

 

 
9,066

 
81,071

 
90,137

 
(7,185
)
 
5/28/2014
 
1987
97
1775 Wiehle Avenue
 
Reston, VA
 

 
4,138

 
26,120

 
29

 

 
4,138

 
26,149

 
30,287

 
(163
)
 
10/2/2017
 
2001
98
9960 Mayland Drive
 
Richmond, VA
 

 
2,614

 
15,930

 
1,844

 

 
2,614

 
17,774

 
20,388

 
(1,550
)
 
5/20/2014
 
1994
99
Aquia Commerce Center
 
Stafford, VA
 

 
2,090

 
7,465

 
730

 

 
2,090

 
8,195

 
10,285

 
(1,308
)
 
6/22/2011
 
1988; 1999
100
Atlantic Corporate Park
 
Sterling, VA
 

 
5,752

 
29,323

 

 

 
5,752

 
29,323

 
35,075

 
(183
)
 
10/2/2017
 
2008
101
Sterling Business Park Lots 8 & 9
 
Sterling, VA
 

 
9,178

 
44,324

 

 

 
9,178

 
44,324

 
53,502

 
(277
)
 
10/2/2017
 
2016
102
Sterling Park Business Center
 
Sterling, VA
 

 
18,935

 
21,191

 
63

 

 
18,935

 
21,254

 
40,189

 
(154
)
 
10/2/2017
 
1990
103
65 Bowdoin Street
 
S. Burlington, VT
 

 
700

 
8,416

 
120

 

 
700

 
8,536

 
9,236

 
(1,656
)
 
4/9/2010
 
2009
104
840 North Broadway
 
Everett, WA
 

 
3,360

 
15,376

 
1,829

 

 
3,360

 
17,205

 
20,565

 
(2,504
)
 
6/28/2012
 
1985
105
Stevens Center
 
Richland, WA
 

 
3,970

 
17,035

 
2,431

 

 
4,042

 
19,394

 
23,436

 
(9,176
)
 
3/31/1997
 
1995
106
11050 West Liberty Drive
 
Milwaukee, WI
 

 
945

 
4,539

 
103

 

 
945

 
4,642

 
5,587

 
(763
)
 
6/9/2011
 
2006
107
882 TJ Jackson Drive
 
Falling Waters, WV
 

 
906

 
3,886

 
282

 

 
922

 
4,152

 
5,074

 
(2,110
)
 
3/31/1997
 
1993
108
5353 Yellowstone Road
 
Cheyenne, WY
 

 
1,915

 
8,217

 
550

 

 
1,950

 
8,732

 
10,682

 
(4,438
)
 
3/31/1997
 
1995


 

 
$
183,100

 
$
628,698

 
$
2,153,005

 
$
194,018

 
$
(9,260
)
 
$
627,108

 
$
2,348,613

 
$
2,975,721

 
$
(341,848
)
 

 

____________________
(1) Represents mortgage debt, net of the unamortized balance of the fair value adjustments and debt issuance costs totaling $47.
(2) Excludes value of real estate intangibles. Aggregate cost for federal income tax purposes is approximately $3,911,604.
(3) Depreciation on building and improvements is provided for periods ranging up to 40 years and on equipment up to 12 years

Analysis of the carrying amount of real estate properties and accumulated depreciation:
 
Real Estate Properties
 
Accumulated Depreciation
Balance at December 31, 2014
$
1,682,480

 
$
219,791

Additions
19,622

 
38,987

Disposals
(2,624
)
 
(2,624
)
Reclassification of assets held for sale
(3,346
)
 
(275
)
Balance at December 31, 2015
1,696,132

 
255,879

Additions
194,107

 
42,404

Disposals
(1,479
)
 
(1,479
)
Balance at December 31, 2016
1,888,760

 
296,804

Additions
1,100,138

 
45,315

Loss on asset impairment
(9,490
)
 

Disposals
(3,687
)
 
(271
)
Balance at December 31, 2017
$
2,975,721

 
$
341,848