Terreno Realty Corporation

Schedule III

Real Estate Investments and Accumulated Depreciation

As of December 31, 2014

(in thousands)


						Initial Cost to Company						Gross Amount Carried at 12/31/14
Property Name	No. of Bldgs.	Location		Encumbrances		Land		Buildings & Improvements		Costs Capitalized Subsequent to Acquisition		Land		Buildings & Improvements		Total		Accumulated Depreciation	Year Acquired	Year Constructed
Los Angeles
630 Glasgow	1	Inglewood, CA	$	2,321	$	2,245	$	1,855	$	363	$	2,245	$	2,218	$	4,463	$	266	2011	1988
747 Glasgow	1	Inglewood, CA		-		1,759		1,555		62		1,759		1,617		3,376		32	2014	1981
14605 Miller Ave	1	Fontana, CA		-		8,695		12,945		-		8,695		12,945		21,640		14	2014	1990
14611 Broadway	1	Gardena, CA		-		4,757		1,243		613		4,757		1,856		6,613		93	2013	1962
19601 Hamilton	1	Torrance, CA		6,378		7,409		4,072		8		7,409		4,080		11,489		352	2011	1985
California	1	Corona, CA		-		3,225		4,416		4		3,225		4,420		7,645		65	2014	1994
Garfield	5	Commerce, CA		24,627		27,539		22,694		951		27,539		23,645		51,184		1,849	2012	2002
Las Hermanas	1	Compton, CA		-		3,330		751		178		3,330		929		4,259		17	2014	1970
Manhattan Beach	1	Redondo Beach, CA		-		7,874		5,641		53		7,874		5,694		13,568		372	2012	1963/1970
South Main	3	Carson, CA		-		10,072		4,849		-		10,072		4,849		14,921		272	2012	1966
South Main II	1	Carson, CA		-		6,299		2,196		-		6,299		2,196		8,495		30	2014	1963/2012
Whittier	1	Whittier, CA		-		7,736		7,902		412		7,736		8,314		16,050		597	2012	2004
Northern New Jersey/New York City
1 Dodge Drive	1	West Caldwell, NJ		-		3,819		2,982		581		3,819		3,563		7,382		135	2013	1985
17 Madison	1	Fairfield, NJ		-		974		1,647		65		974		1,712		2,686		70	2013	1979
20 Pulaski	1	Bayonne, NJ		-		4,003		4,946		116		4,003		5,062		9,065		104	2014	1965
341 Michele	1	Carlstadt, NJ		-		2,372		4,798		76		2,372		4,874		7,246		150	2013	1973
465 Meadow	1	Carlstadt, NJ		-		713		1,618		-		713		1,618		2,331		50	2013	1972
550 Delancy	1	Newark, NJ		-		9,230		4,855		10		9,230		4,865		14,095		214	2013	1987
620 Division	1	Elizabeth, NJ		6,335		6,491		3,568		2,981		6,491		6,549		13,040		627	2011	1980
900 Hart	1	Piscataway, NJ		-		3,202		3,866		186		3,202		4,052		7,254		22	2014	1983
Belleville	1	Kearny, NJ		13,670		12,845		18,041		68		12,845		18,109		30,954		1,642	2011	2006
Dell	1	Carlstadt, NJ		-		6,641		771		23		6,641		794		7,435		68	2011	1972
Ethel	2	Piscataway, NJ		-		2,748		3,801		865		2,748		4,666		7,414		148	2013	1981/1984
Interstate	2	South Brunswick, NJ		-		13,686		12,135		8,914		13,686		21,049		34,735		1,491	2010/2013	1999/2014
JFK Airgate	4	Queens, NY		-		18,282		32,933		58		18,282		32,991		51,273		1,002	2013	1986/1991
Melanie Lane	3	East Hanover, NJ		-		5,931		13,178		481		5,931		13,659		19,590		484	2013	1980/1998
Middlebrook	18	Bound Brook, NJ		13,350		16,442		10,241		6,066		16,442		16,307		32,749		2,614	2010	1958/1976
Terminal Way	2	Avenel, NJ		-		3,537		3,598		-		3,537		3,598		7,135		12	2014	1950/1968
San Francisco Bay Area
238/242 Lawrence	2	South San Francisco, CA		689		6,674		2,655		835		6,674		3,490		10,164		509	2010	1986
240 Littlefield	1	South San Francisco, CA		-		5,107		3,293		2,847		5,107		6,140		11,247		92	2013	2013
299 Lawrence	1	South San Francisco, CA		-		1,352		1,198		416		1,352		1,614		2,966		263	2010	1968
631 Brennan	1	San Jose, CA		-		1,932		2,245		447		1,932		2,692		4,624		180	2012	1975
Ahern	2	Union City, CA		3,348		3,246		2,749		402		3,246		3,151		6,397		438	2010	1986
Burroughs	3	San Leandro, CA		-		5,400		7,092		100		5,400		7,192		12,592		128	2014	1966
Caribbean	3	Sunnyvale, CA		-		17,483		14,493		1,635		17,483		16,128		33,611		1,027	2012	1980/1981
Carlton Court	1	South San Francisco, CA		-		2,036		1,475		108		2,036		1,583		3,619		111	2012	1981
Clawiter	1	Hayward, CA		4,669		5,964		1,159		23		5,964		1,182		7,146		88	2011	1967
Park Union City	3	Union City, CA		-		8,468		14,165		-		8,468		14,165		22,633		16	2014	1989
Fortune/Qume	1	San Jose, CA		-		2,518		2,484		707		2,518		3,191		5,709		575	2010	1980
Warm Springs I and II	2	Fremont, CA		-		3,664		2,782		1,119		3,664		3,901		7,565		848	2010	1984
Seattle
79 Ave South	1	Kent, WA		-		1,267		1,503		205		1,267		1,708		2,975		21	2014	2000
3401 Lind	1	Renton, WA		5,685		2,999		6,707		-		2,999		6,707		9,706		36	2014	1984/2012
17600 West Valley Highway	1	Tukwila, WA		4,740		3,361		5,260		303		3,361		5,563		8,924		391	2012	1986
Auburn 1307	1	Auburn, WA		-		4,253		5,034		-		4,253		5,034		9,287		52	2014	2002
Kent 188	1	Kent, WA		5,098		3,251		4,719		1,179		3,251		5,898		9,149		715	2010	1979
Kent 216	1	Kent, WA		-		3,672		5,408		276		3,672		5,684		9,356		29	2014	1996
SeaTac 8th Avenue	1	Burien, WA		-		2,501		4,020		332		2,501		4,352		6,853		231	2013	1988
SW 34th	1	Renton, WA		2,707		2,912		3,289		-		2,912		3,289		6,201		81	2014	1996/2010
Valley Corporate	2	Kent, WA		8,360		5,264		9,096		341		5,264		9,437		14,701		792	2011	1987
Miami
10th Avenue	1	Hialeah, FL		-		6,376		2,624		1,179		6,376		3,803		10,179		575	2010	1957/2005
26th Street	2	Miami, FL		-		4,569		6,183		27		4,569		6,210		10,779		374	2012	1973
39th Street	1	Doral, FL		1,921		1,420		2,717		8		1,420		2,725		4,145		231	2011	2002
48th Avenue	2	Miami Gardens, FL		-		4,322		2,187		47		4,322		2,234		6,556		177	2011	1987
60th Avenue	1	Miami Lakes, FL		-		6,203		1,567		6,345		6,203		7,912		14,115		1,129	2010	1971/2011
70th Avenue	1	Miami, FL		-		1,434		2,333		136		1,434		2,469		3,903		224	2011	1999
78th Avenue	1	Doral, FL		-		2,445		1,755		1,885		2,445		3,640		6,085		285	2012	1977
107th Avenue	1	Medley, FL		-		2,787		2,036		30		2,787		2,066		4,853		109	2013	2001
101st Road	1	Medley, FL		-		2,647		3,258		552		2,647		3,810		6,457		304	2013	2012
131st Street	1	Medley, FL		-		2,903		5,729		-		2,903		5,729		8,632		19	2014	1999
Americas Gateway	6	Doral, FL		-		11,152		11,721		663		11,152		12,384		23,536		603	2013	1978/1982
Washington, D.C./Baltimore
75th Ave	5	Landover, MD		-		10,658		18,615		-		10,658		18,615		29,273		21	2014	1987/1990
3601 Pennsy	1	Landover, MD		-		2,331		4,375		11		2,331		4,386		6,717		137	2013	1996
4230 Forbes	1	Lanham, MD		-		1,736		2,395		111		1,736		2,506		4,242		90	2013	2003
8215 Dorsey	1	Jessup, MD		-		2,263		3,200		-		2,263		3,200		5,463		102	2013	1965/1981
8730 Bollman	1	Savage, MD		-		4,361		2,757		527		4,361		3,284		7,645		298	2011	1984
Dorsey	1	Jessup, MD		-		3,207		2,383		1,258		3,207		3,641		6,848		440	2011	1977
Global Plaza	1	Sterling, VA		-		1,948		3,619		7		1,948		3,626		5,574		277	2012	2006
Hampton	1	Capitol Heights, MD		-		5,095		11,672		-		5,095		11,672		16,767		202	2014	2006
Junction	1	Annapolis Junction, MD		-		2,526		10,419		-		2,526		10,419		12,945		35	2014	1989/2012
Parkway	1	Hanover, MD		-		4,543		12,094		-		4,543		12,094		16,637		266	2014	1968/2012
Route 100	2	Elkridge, MD		-		6,492		9,403		1,135		6,492		10,538		17,030		473	2013	1973/1974
Sweitzer	1	Laurel, MD		-		2,541		3,835		12		2,541		3,847		6,388		237	2012	1995
Troy Hill	1	Elkridge, MD		-		1,409		5,033		20		1,409		5,053		6,462		320	2012	2003
Subtotal	126			103,898		390,548		425,833		48,362		390,548		474,195		864,743		26,343
Unamortized net premiums	-			603		-		-		-		-		-		-		-
Intangible assets	-			-		-		-		-		-		-		43,492		19,750
Total	126		$	104,501	$	390,548	$	425,833	$	48,362	$	390,548	$	474,195	$	908,235	$	46,093