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Schedule III - Real Estate Assets 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 Assets and Accumulated Depreciation
Schedule III — Real Estate Assets and Accumulated Depreciation
December 31, 2019

 
 
 
 
 
 
Initial Cost (b)
 
 
 
Gross Amount at Which Carried at 12/31/2019
 
 
 
 
 
 
Description (a)
 
Location
 
Encumbrances
 
Land
 
Buildings and Improvements
 
Total
 
Costs Capitalized Subsequent to Acquisition (c)
 
Land
 
Buildings and Improvements
 
Total (d)
 
Accumulated Depreciation (e)
 
Date of Construction
 
Date Acquired
(In thousands)
Bishop’s Square
 
Dublin, Ireland
 
$
61,907

 
$
—

 
$
53,653

 
$
53,653

 
$
21,771

 
$
—

 
$
75,424

 
$
75,424

 
$
(7,039
)
 
2001
 
March-15
Domain Apartments
 
Las Vegas, Nevada
 
34,300

 
5,690

 
50,790

 
56,480

 
291

 
5,690

 
51,081

 
56,771

 
(6,947
)
 
2014
 
January-16
Cottonwood Corporate Center
 
Salt Lake City, Utah
 
72,359

 
13,600

 
98,758

 
112,358

 
2,114

 
13,600

 
100,872

 
114,472

 
(8,903
)
 
1997, 2000
 
July-16
Goodyear Crossing II
 
Phoenix, Arizona
 
29,000

 
7,270

 
41,620

 
48,890

 
1,425

 
7,270

 
43,045

 
50,315

 
(3,574
)
 
2008, 2009
 
August-16
Rookwood
 
Cincinnati, Ohio
 
96,000

 
45,320

 
132,466

 
177,786

 
534

 
45,319

 
133,001

 
178,320

 
(9,971
)
 
1993, 2000
 
January-17
Montrose Student Residences
 
Dublin, Ireland
 
25,352

 
5,919

 
35,058

 
40,977

 
774

 
5,919

 
35,832

 
41,751

 
(2,610
)
 
1964, 2013-2015
 
March-17
Queen's Court Student Residences
 
Reading, United Kingdom
 
38,896

 
13,989

 
50,392

 
64,381

 
2,806

 
13,989

 
53,198

 
67,187

 
(3,123
)
 
2016
 
October-17
Venue Museum District
 
Houston, Texas
 
45,000

 
17,409

 
52,538

 
69,947

 
42

 
17,409

 
52,580

 
69,989

 
(1,778
)
 
2009
 
September-18
Fresh Park Venlo
 
Venlo, The Netherlands
 
84,092

 
—

 
124,696

 
124,696

 
1,050

 
—

 
125,746

 
125,746

 
(4,024
)
 
1960-2018
 
October-18
Maintal Logistics
 
Maintal, Germany
 
26,136

 
14,787

 
29,685

 
44,472

 
741

 
14,787

 
30,426

 
45,213

 
(752
)
 
1974, 2001-2002
 
December-18
ABC Westland
 
The Hague, Netherlands
 
82,655

 
59,744

 
74,153

 
133,897

 
(3,021
)
 
59,744

 
71,132

 
130,876

 
(1,409
)
 
1969-2018
 
May-19
Promenade Shops at Briargate
 
Colorado Springs, Colorado
 
—

 
19,199

 
55,425

 
74,624

 
—

 
19,199

 
55,425

 
74,624

 
(418
)
 
2003
 
September-19
Gdańsk PL II

 
Gdańsk, Poland
 
18,790

 
6,350

 
19,236

 
25,586

 
—

 
6,350

 
19,236

 
25,586

 
(130
)
 
2013, 2015
 
September-19
Łódź Urban Logistics

 
Łódź , Poland
 
15,211

 
—

 
19,588

 
19,588

 
—

 
—

 
19,588

 
19,588

 
(132
)
 
2018-2019
 
September-19
Glasgow West End
 
Glasgow, United Kingdom
 
56,959

 
23,627

 
70,273

 
93,900

 
—

 
23,627

 
70,273

 
93,900

 
(493
)
 
2017
 
September-19
The Alloy
 
College Park, Maryland
 
—

 
14,194

 
81,971

 
96,165

 
—

 
14,194

 
81,971

 
96,165

 
(275
)
 
2019
 
November-19
Charles Tyrwhitt Distribution Centre
 
Milton Keynes, United Kingdom
 
—

 
7,190

 
11,490

 
18,680

 
—

 
7,190

 
11,490

 
18,680

 
(42
)
 
2010
 
November-19
DSG Bristol
 
Bristol, United Kingdom
 
—

 
18,163

 
23,069

 
41,232

 
—

 
18,161

 
23,071

 
41,232

 
(69
)
 
2006
 
November-19
Royal Mail
 
Edinburgh, United Kingdom
 
—

 
6,187

 
23,820

 
30,007

 
—

 
6,191

 
23,816

 
30,007

 
(30
)
 
1995
 
December-19
 
 
 
 
$
686,657

 
$
278,638

 
$
1,048,681

 
$
1,327,319

 
$
28,527

 
$
278,639

 
$
1,077,207

 
$
1,355,846

 
$
(51,719
)
 
 
 
 

(a)
Assets consist of quality office, retail, industrial and residential/living properties.
(b)
Components of initial cost for the property acquired using a foreign currency were converted using the December 31, 2019 balance sheet rate.
(c)
Costs capitalized subsequent to addition are presented net of any write-offs.
(d)
The aggregate cost for federal income tax purposes is $1.4 billion as of December 31, 2019.
(e)
Real estate assets are depreciated or amortized using the straight-line method over the useful lives of the assets by class. The estimated useful lives for computing depreciation are generally 10 years for furniture and fixtures, 15-20 years for electrical and mechanical installations and 40 years for buildings.

The changes in total real estate assets for the years ended December 31,
 
2019
 
2018
 
2017
Gross real estate assets
 
 
 
 
 
Balance, beginning of period
$
817,763

 
$
591,005

 
$
290,212

Additions during the period:
 

 
 
 
 
Acquisitions
524,638

 
244,132

 
282,162

Other additions
11,257

 
14,653

 
5,561

Write-Offs/Cost of real estate sold
(3,766
)
 
(21,370
)
 
—

Effect of changes in foreign currency exchange rates
5,954

 
(10,657
)
 
13,070

Balance, end of period
$
1,355,846


$
817,763

 
$
591,005

Accumulated Depreciation
 

 
 
 
 
Balance, beginning of period
$
(30,574
)
 
$
(18,172
)
 
$
(6,337
)
Depreciation
(24,873
)
 
(13,938
)
 
(11,393
)
Effect of changes in foreign currency exchange rates
(38
)
 
459

 
(442
)
Retirement or sales of assets
3,766

 
1,077

 
—

Balance, end of period
$
(51,719
)

$
(30,574
)
 
$
(18,172
)