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SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
 12 Months Ended
Dec. 31, 2019
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2019
(in thousands)
Initial Cost Gross Amount at End of Year
DescriptionYear of AcquisitionEncumbrancesLand Buildings & Improvements Cost Cap. Sub. To Acq. Land Cost Cap. Sub. To Acq. Bldg & ImprovementsLand Buildings & Improvements Total Bldg & Improvements Accumulated Depreciation Year of Original ConstructionDepreciation Life
Homewood Suites Orlando - Maitland, FL2010—  $1,800  $7,200  $34  $5,174  $1,834  $12,374  $14,208  $12,374  $3,530  2000(1)
Homewood Suites Boston - Billerica, MA201015,693  1,470  10,555  48  3,839  1,518  14,394  15,912  14,394  3,436  1999(1)
Homewood Suites Minneapolis - Mall of America, Bloomington, MN2010—  3,500  13,960  19  4,081  3,519  18,041  21,560  18,041  4,707  1998(1)
Homewood Suites Nashville - Brentwood, TN2010—  1,525  9,300  12  3,641  1,537  12,941  14,478  12,941  3,392  1998(1)
Homewood Suites Dallas - Market Center, Dallas, TX2010—  2,500  7,583  30  3,751  2,530  11,334  13,864  11,334  2,849  1998(1)
Homewood Suites Hartford - Farmington, CT2010—  1,325  9,375  92  3,549  1,417  12,924  14,341  12,924  3,050  1999(1)
Hampton Inn & Suites Houston - Houston, TX201017,717  3,200  12,709  56  2,945  3,256  15,654  18,910  15,654  3,636  1997(1)
Residence Inn Holtsville - Holtsville, NY2010—  2,200  18,765  —  1,201  2,200  19,966  22,166  19,966  5,000  2004(1)
Residence Inn White Plains - White Plains, NY2010—  2,200  17,677  —  8,576  2,200  26,253  28,453  26,253  6,638  1982(1)
Residence Inn New Rochelle - New Rochelle, NY201012,936  —  20,281  9  3,208  9  23,489  23,498  23,489  6,015  2000(1)
Residence Inn Garden Grove - Garden Grove, CA201132,053  7,109  35,484  50  1,980  7,159  37,464  44,623  37,464  8,439  2003(1)
Residence Inn Mission Valley - San Diego, CA201127,272  9,856  39,535  —  2,730  9,856  42,265  52,121  42,265  8,868  2003(1)
Homewood Suites San Antonio - San Antonio, TX201115,563  5,999  24,764  7  5,440  6,006  30,204  36,210  30,204  6,915  1996(1)
Residence Inn Washington DC - Washington, DC2011—  6,083  22,063  28  6,082  6,111  28,145  34,256  28,145  6,907  1974(1)
Residence Inn Tyson's Corner - Vienna, VA201121,291  5,752  28,917  —  2,538  5,752  31,455  37,207  31,455  6,353  2001(1)
Hampton Inn Portland Downtown - Portland, ME2012—  4,315  22,664  —  290  4,315  22,954  27,269  22,954  4,047  2011(1)
Courtyard Houston - Houston, TX201317,559  5,600  27,350  —  2,781  5,600  30,131  35,731  30,131  5,156  2010(1)
Hyatt Place Pittsburgh - Pittsburgh, PA201321,520  3,000  35,576  —  1,291  3,000  36,867  39,867  36,867  6,035  2011(1)
Hampton Inn & Suites Exeter - Exeter, NH2013—  1,900  12,350  4  132  1,904  12,482  14,386  12,482  2,017  2010(1)
Hilton Garden Inn Denver Tech - Denver, CO2013—  4,100  23,100  5  655  4,105  23,755  27,860  23,755  3,917  1999(1)
Residence Inn Bellevue - Bellevue, WA201343,857  13,800  56,957  —  2,277  13,800  59,234  73,034  59,234  9,435  2008(1)
SpringHill Suites Savannah - Savannah, GA201329,817  2,400  36,050  1  1,534  2,401  37,584  39,985  37,584  5,980  2009(1)
Residence Inn Silicon Valley I - Sunnyvale, CA201464,406  42,652  45,846  —  5,559  42,652  51,405  94,057  51,405  17,441  1983(1) 
Residence Inn Silicon Valley II - Sunnyvale, CA201470,270  46,474  50,380  —  1,360  46,474  51,740  98,214  51,740  19,050  1985(1) 
Residence Inn San Mateo - San Mateo, CA201448,305  38,420  31,352  —  752  38,420  32,104  70,524  32,104  11,800  1985(1) 
Residence Inn Mt. View - Mountain View, CA201437,670  22,019  31,813  —  10,166  22,019  41,979  63,998  41,979  13,722  1985(1) 
Hyatt Place Cherry Creek - Cherry Creek, CO2014—  3,700  26,300  —  1,822  3,700  28,122  31,822  28,122  3,855  1987(1) 
Courtyard Addison - Dallas, TX2014—  2,413  21,554  —  2,502  2,413  24,056  26,469  24,056  3,311  2000(1) 
- continued -
Initial Cost Gross Amount at End of Year
DescriptionYear of AcquisitionEncumbrancesLand Buildings & Improvements Cost Cap. Sub. To Acq. Land Cost Cap. Sub. To Acq. Bldg & ImprovementsLand Buildings & Improvements Total Bldg & Improvements Accumulated Depreciation Year of Original ConstructionDepreciation Life
Courtyard West University - Houston, TX2014—  2,012  17,916  —  504  2,012  18,420  20,432  18,420  2,432  2004(1) 
Residence Inn West University - Houston, TX2014—  3,640  25,631  —  1,512  3,640  27,143  30,783  27,143  3,728  2004(1) 
Hilton Garden Inn Burlington - Burlington, MA2014—  4,918  27,193  —  1,512  4,918  28,705  33,623  28,705  4,024  1975(1) 
Residence Inn Gaslamp - San Diego, CA2015—  —  89,040  —  1,848  —  90,888  90,888  90,888  11,180  2009(1) 
Hilton Garden Inn Marina del Rey, CA201520,931  —  43,210  —  645  —  43,855  43,855  43,855  4,790  2013(1) 
Residence Inn Dedham, MA2015—  4,230  17,304  —  1,795  4,230  19,099  23,329  19,099  2,031  1998(1) 
Residence Inn Ft. Lauderdale, FL2015—  9,200  24,048  —  1,062  9,200  25,110  34,310  25,110  2,781  2008(1) 
Warner Center2017—  6,500  —  99  —  6,599  —  6,599  —  —  
Hilton Garden Inn Portsmouth, NH2017—  3,600  37,630  —  289  3,600  37,919  41,519  37,919  2,166  2006(1) 
Courtyard Summerville, SC2017—  2,500  16,923  6  134  2,506  17,057  19,563  17,057  908  2014(1) 
Embassy Suites Springfield, VA2017—  7,700  58,807  —  305  7,700  59,112  66,812  59,112  3,059  2013(1) 
Residence Inn Summerville, SC2018—  2,300  17,060  —  198  2,300  17,258  19,558  17,258  590  2018(1) 
Courtyard Dallas Downtown, TX2018—  2,900  42,760  —  64  2,900  42,824  45,724  42,824  1,149  2018(1) 
Sili III2018—  8,171  —  —  —  8,171  —  8,171  —  —  
Grand Total(s)$302,983  $1,116,982  $500  $99,724  $303,483  $1,216,706  $1,520,189  $1,216,706  $224,339  

(1) Depreciation is computed based upon the following estimated useful lives:
Years
Building40
Land improvements20
Building improvements
5-20










- continued
Notes:
(a) The change in total cost of real estate assets for the year ended is as follows:
201920182017201620152014
Balance at the beginning of the year$1,510,864  $1,431,374  $1,320,273  $1,306,192  $1,105,504  654,560  
Acquisitions8,171  65,020  133,660  —  187,032  444,233  
Dispositions during the year(17,889) —  (33,053) —  —  —  
Capital expenditures and transfers from construction-in-progress19,043  14,470  10,494  14,081  13,656  6,711  
Investment in Real Estate$1,520,189  $1,510,864  $1,431,374  $1,320,273  $1,306,192  $1,105,504  


(b) The change in accumulated depreciation and amortization of real estate assets for the year ended is as follows:
Balance at the beginning of the year$187,780  $148,071  $116,866  $83,245  $50,910  28,980  
Depreciation and amortization41,908  39,709  36,401  33,621  32,335  21,930  
Dispositions during the year$(5,349) $—  $(5,196) $—  $—  $—  
Balance at the end of the year$224,339  $187,780  $148,071  $116,866  $83,245  $50,910  
(c) The aggregate cost of properties for federal income tax purposes (in thousands) is approximately $1,520.332 as of December 31, 2019.