SCHEDULE III

12 Months Ended

Dec. 31, 2012

Real Estate and Accumulated Depreciation Disclosure [Abstract]

SCHEDULE III

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2012 (In thousands, except footnotes)
Description	Encumbrances		Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period			Accumulated Depreciation	Year Acquired	Year Constructed
			Land	Buildings and Improvements		Land	Buildings and Improvements	Total
Real Estate Properties (c):
Industrial:
FLORIDA
Tampa
56th Street Commerce Park	$	—	843	3,567	3,780	843	7,347	8,190	4,669	1993	1981/86/97
Jetport Commerce Park	—		1,575	6,591	3,856	1,575	10,447	12,022	6,410	1993-99	1974-85
Westport Commerce Center	—		980	3,800	2,413	980	6,213	7,193	3,736	1994	1983/87
Benjamin Distribution Center I & II	—		843	3,963	1,158	883	5,081	5,964	2,912	1997	1996
Benjamin Distribution Center III	—		407	1,503	454	407	1,957	2,364	1,368	1999	1988
Palm River Center	—		1,190	4,625	1,658	1,190	6,283	7,473	3,602	1997/98	1990/97/98
Palm River North I & III (j)	5,123		1,005	4,688	2,195	1,005	6,883	7,888	3,274	1998	2000
Palm River North II (j)	4,701		634	4,418	381	634	4,799	5,433	2,669	1997/98	1999
Palm River South I	—		655	3,187	555	655	3,742	4,397	1,311	2000	2005
Palm River South II	—		655	—	4,294	655	4,294	4,949	1,638	2000	2006
Walden Distribution Center I	—		337	3,318	446	337	3,764	4,101	1,616	1997/98	2001
Walden Distribution Center II	—		465	3,738	932	465	4,670	5,135	2,120	1998	1998
Oak Creek Distribution Center I	—		1,109	6,126	1,028	1,109	7,154	8,263	2,686	1998	1998
Oak Creek Distribution Center II	—		647	3,603	991	647	4,594	5,241	1,603	2003	2001
Oak Creek Distribution Center III	—		439	—	3,167	556	3,050	3,606	783	2005	2007
Oak Creek Distribution Center IV	—		805	6,472	235	805	6,707	7,512	1,671	2005	2001
Oak Creek Distribution Center V	—		724	—	5,683	916	5,491	6,407	1,420	2005	2007
Oak Creek Distribution Center VI	—		642	—	5,032	812	4,862	5,674	845	2005	2008
Oak Creek Distribution Center IX	—		618	—	4,916	781	4,753	5,534	506	2005	2009
Oak Creek Distribution Center A	—		185	—	1,428	185	1,428	1,613	214	2005	2008
Oak Creek Distribution Center B	—		227	—	1,485	227	1,485	1,712	220	2005	2008
Airport Commerce Center	—		1,257	4,012	824	1,257	4,836	6,093	2,082	1998	1998
Westlake Distribution Center (j)	6,527		1,333	6,998	1,561	1,333	8,559	9,892	4,059	1998	1998/99
Expressway Commerce Center I	—		915	5,346	1,020	915	6,366	7,281	2,278	2002	2004
Expressway Commerce Center II	—		1,013	3,247	341	1,013	3,588	4,601	1,425	2003	2001
Silo Bend Distribution Center	—		4,131	27,497	117	4,131	27,614	31,745	1,227	2011	1987/90
Tampa East Distribution Center	—		1,097	5,750	15	1,097	5,765	6,862	403	2011	1984/90
Tampa West Distribution Center	—		2,499	9,472	831	2,499	10,303	12,802	492	2011	1975/85/90/93/94

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2012 (In thousands, except footnotes)
Description	Encumbrances	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period			Accumulated Depreciation	Year Acquired	Year Constructed
		Land	Buildings and Improvements		Land	Buildings and Improvements	Total
Madison Distribution Center	—	495	2,779	254	495	3,033	3,528	129	2012	2007
Orlando
Chancellor Center	—	291	1,711	174	291	1,885	2,176	958	1996/97	1996/97
Exchange Distribution Center I	—	603	2,414	2,016	603	4,430	5,033	2,712	1994	1975
Exchange Distribution Center II	—	300	945	227	300	1,172	1,472	499	2002	1976
Exchange Distribution Center III	—	320	997	370	320	1,367	1,687	594	2002	1980
Sunbelt Distribution Center (i)	6,461	1,474	5,745	5,156	1,474	10,901	12,375	6,566	1989/97/98	1974/87/97/98
John Young Commerce Center I	—	497	2,444	727	497	3,171	3,668	1,478	1997/98	1997/98
John Young Commerce Center II	—	512	3,613	191	512	3,804	4,316	2,080	1998	1999
Altamonte Commerce Center I	—	1,518	2,661	2,004	1,518	4,665	6,183	2,883	1999	1980/82
Altamonte Commerce Center II	—	745	2,618	1,079	745	3,697	4,442	1,462	2003	1975
Sunport Center I	—	555	1,977	642	555	2,619	3,174	1,171	1999	1999
Sunport Center II	—	597	3,271	1,354	597	4,625	5,222	2,839	1999	2001
Sunport Center III	—	642	3,121	495	642	3,616	4,258	1,609	1999	2002
Sunport Center IV	—	642	2,917	956	642	3,873	4,515	1,405	1999	2004
Sunport Center V	—	750	2,509	1,900	750	4,409	5,159	2,203	1999	2005
Sunport Center VI	—	672	—	3,353	672	3,353	4,025	911	1999	2006
Southridge Commerce Park I	—	373	—	4,470	373	4,470	4,843	2,163	2003	2006
Southridge Commerce Park II	—	342	—	4,297	342	4,297	4,639	1,611	2003	2007
Southridge Commerce Park III	—	547	—	5,297	547	5,297	5,844	1,185	2003	2007
Southridge Commerce Park IV (h)	3,684	506	—	4,505	506	4,505	5,011	1,166	2003	2006
Southridge Commerce Park V (h)	3,425	382	—	4,277	382	4,277	4,659	1,458	2003	2006
Southridge Commerce Park VI	—	571	—	4,937	571	4,937	5,508	1,004	2003	2007
Southridge Commerce Park VII	—	520	—	6,165	520	6,165	6,685	1,343	2003	2008
Southridge Commerce Park VIII	—	531	—	6,253	531	6,253	6,784	919	2003	2008
Southridge Commerce Park XII (o)	12,899	2,025	—	16,838	2,025	16,838	18,863	2,274	2005	2008
Jacksonville
Deerwood Distribution Center	—	1,147	1,799	1,625	1,147	3,424	4,571	1,922	1989	1978
Phillips Distribution Center	—	1,375	2,961	3,926	1,375	6,887	8,262	4,115	1994	1984/95
Lake Pointe Business Park (k)	13,689	3,442	6,450	6,530	3,442	12,980	16,422	8,147	1993	1986/87
Ellis Distribution Center	—	540	7,513	965	540	8,478	9,018	3,543	1997	1977
Westside Distribution Center	—	1,170	12,400	4,370	1,170	16,770	17,940	8,098	1997	1984
12th Street Distribution Center	—	841	2,974	1,375	841	4,349	5,190	696	2008	1985

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2012 (In thousands, except footnotes)
Description	Encumbrances	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition		Gross Amount at which Carried at Close of Period			Accumulated Depreciation	Year Acquired	Year Constructed
		Land	Buildings and Improvements			Land	Buildings and Improvements	Total
Beach Commerce Center	—	476	1,899	613		476	2,512	2,988	1,057	2000	2000
Interstate Distribution Center	—	1,879	5,700	1,242		1,879	6,942	8,821	2,606	2005	1990
Fort Lauderdale/Palm Beach area
Linpro Commerce Center	—	613	2,243	1,551		616	3,791	4,407	2,566	1996	1986
Cypress Creek Business Park	—	—	2,465	1,579		—	4,044	4,044	2,278	1997	1986
Lockhart Distribution Center	—	—	3,489	2,280		—	5,769	5,769	3,166	1997	1986
Interstate Commerce Center	—	485	2,652	683		485	3,335	3,820	1,814	1998	1988
Executive Airport Commerce Ctr (p)	9,237	1,991	4,857	5,087		1,991	9,944	11,935	3,347	2001	2004/06
Sample 95 Business Park	—	2,202	8,785	2,654		2,202	11,439	13,641	5,968	1996/98	1990/99
Blue Heron Distribution Center	—	975	3,626	1,658		975	5,284	6,259	2,760	1999	1986
Blue Heron Distribution Center II	1,161	1,385	4,222	809		1,385	5,031	6,416	1,850	2004	1988
Blue Heron Distribution Center III	—	450	—	2,663		450	2,663	3,113	335	2004	2009
Fort Myers
SunCoast Commerce Center I	—	911	—	4,751		928	4,734	5,662	1,049	2005	2008
SunCoast Commerce Center II	—	911	—	4,737		928	4,720	5,648	1,238	2005	2007
SunCoast Commerce Center III	—	1,720	—	6,371		1,763	6,328	8,091	827	2006	2008
CALIFORNIA
San Francisco area
Wiegman Distribution Center (l)	11,405	2,197	8,788	1,772		2,308	10,449	12,757	4,582	1996	1986/87
Wiegman Distribution Center II	—	2,579	4,316	2		2,579	4,318	6,897	48	2012	1998
Huntwood Distribution Center (l)	18,927	3,842	15,368	1,918		3,842	17,286	21,128	7,960	1996	1988
San Clemente Distribution Center	—	893	2,004	845		893	2,849	3,742	1,195	1997	1978
Yosemite Distribution Center	—	259	7,058	1,006		259	8,064	8,323	3,599	1999	1974/87
Los Angeles area
Kingsview Industrial Center (e)	2,912	643	2,573	431		643	3,004	3,647	1,468	1996	1980
Dominguez Distribution Center (e)	8,946	2,006	8,025	1,170		2,006	9,195	11,201	4,520	1996	1977
Main Street Distribution Center	—	1,606	4,103	766		1,606	4,869	6,475	2,157	1999	1999
Walnut Business Center (e)	7,410	2,885	5,274	1,120		2,885	6,394	9,279	2,834	1996	1966/90
Washington Distribution Center (e)	5,676	1,636	4,900	572		1,636	5,472	7,108	2,396	1997	1996/97
Chino Distribution Center (f)	10,690	2,544	10,175	1,518		2,544	11,693	14,237	5,459	1998	1980
Industry Distribution Center I (e)	19,340	10,230	12,373	1,616		10,230	13,989	24,219	6,200	1998	1959
Industry Distribution Center III (e)	2,280	—	3,012	(157	)	—	2,855	2,855	2,835	2007	1992
Chestnut Business Center	—	1,674	3,465	165		1,674	3,630	5,304	1,447	1998	1999

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2012 (In thousands, except footnotes)
Description	Encumbrances	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period			Accumulated Depreciation	Year Acquired	Year Constructed
		Land	Buildings and Improvements		Land	Buildings and Improvements	Total
Los Angeles Corporate Center	—	1,363	5,453	2,719	1,363	8,172	9,535	4,176	1996	1986
Santa Barbara
University Business Center	—	5,517	22,067	4,507	5,520	26,571	32,091	12,689	1996	1987/88
Castilian Research Center	—	2,719	1,410	4,840	2,719	6,250	8,969	959	2005	2007
Fresno
Shaw Commerce Center (e)	14,488	2,465	11,627	4,051	2,465	15,678	18,143	7,898	1998	1978/81/87
San Diego
Eastlake Distribution Center (n)	7,909	3,046	6,888	1,502	3,046	8,390	11,436	4,011	1997	1989
Ocean View Corporate Center (p)	10,812	6,577	7,105	290	6,577	7,395	13,972	1,224	2010	2005
TEXAS
Dallas
Interstate Distribution Center  I & II (g)	6,496	1,746	4,941	2,210	1,746	7,151	8,897	4,916	1988	1978
Interstate Distribution Center III (g)	2,343	519	2,008	682	519	2,690	3,209	1,400	2000	1979
Interstate Distribution Center IV	—	416	2,481	532	416	3,013	3,429	1,007	2004	2002
Interstate Distribution Center V, VI & VII (h)	4,904	1,824	4,106	740	1,824	4,846	6,670	1,430	2009	1979/80/81
Venture Warehouses (g)	5,233	1,452	3,762	1,954	1,452	5,716	7,168	3,896	1988	1979
Stemmons Circle (g)	2,134	363	2,014	546	363	2,560	2,923	1,434	1998	1977
Ambassador Row Warehouses	—	1,156	4,625	2,442	1,156	7,067	8,223	3,992	1998	1958/65
North Stemmons II	—	150	583	393	150	976	1,126	338	2002	1971
North Stemmons III	—	380	2,066	5	380	2,071	2,451	383	2007	1974
Shady Trail Distribution Center (j)	2,910	635	3,621	713	635	4,334	4,969	1,455	2003	1998
Valwood Distribution Center	—	4,361	34,405	—	4,361	34,405	38,766	74	2012	1986/87/97/98
Houston
Northwest Point Business Park (i)	5,777	1,243	5,640	4,183	1,243	9,823	11,066	5,701	1994	1984/85
Lockwood Distribution Center (i)	4,268	749	5,444	1,983	749	7,427	8,176	3,546	1997	1968/69
West Loop Distribution Center (g)	5,458	905	4,383	2,188	905	6,571	7,476	3,465	1997/2000	1980
World Houston Int'l Business Ctr 1 & 2 (f)	5,764	660	5,893	1,123	660	7,016	7,676	3,689	1998	1996
World Houston Int'l Business Ctr 3, 4 & 5 (g)	6,029	1,025	6,413	820	1,025	7,233	8,258	3,423	1998	1998
World Houston Int'l Business Ctr 6 (g)	2,432	425	2,423	483	425	2,906	3,331	1,551	1998	1998
World Houston Int'l Business Ctr 7 & 8 (g)	6,847	680	4,584	4,115	680	8,699	9,379	4,006	1998	1998
World Houston Int'l Business Ctr 9 (g)	4,830	800	4,355	1,460	800	5,815	6,615	2,074	1998	1998
World Houston Int'l Business Ctr 10 (i)	3,133	933	4,779	289	933	5,068	6,001	1,806	2001	1999

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2012 (In thousands, except footnotes)
Description	Encumbrances	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period			Accumulated Depreciation	Year Acquired	Year Constructed
		Land	Buildings and Improvements		Land	Buildings and Improvements	Total
World Houston Int'l Business Ctr 11 (i)	2,892	638	3,764	1,137	638	4,901	5,539	2,017	1999	1999
World Houston Int'l Business Ctr 12	—	340	2,419	199	340	2,618	2,958	1,307	2000	2002
World Houston Int'l Business Ctr 13	—	282	2,569	284	282	2,853	3,135	1,616	2000	2002
World Houston Int'l Business Ctr 14 (i)	2,028	722	2,629	534	722	3,163	3,885	1,384	2000	2003
World Houston Int'l Business Ctr 15 (n)	4,493	731	—	5,765	731	5,765	6,496	2,305	2000	2007
World Houston Int'l Business Ctr 16 (m)	4,424	519	4,248	1,112	519	5,360	5,879	2,002	2000	2005
World Houston Int'l Business Ctr 17 (j)	2,543	373	1,945	785	373	2,730	3,103	864	2000	2004
World Houston Int'l Business Ctr 18	—	323	1,512	250	323	1,762	2,085	540	2005	1995
World Houston Int'l Business Ctr 19 (k)	2,917	373	2,256	871	373	3,127	3,500	1,554	2000	2004
World Houston Int'l Business Ctr 20 (k)	3,530	1,008	1,948	1,277	1,008	3,225	4,233	1,439	2000	2004
World Houston Int'l Business Ctr 21 (f)	2,936	436	—	3,474	436	3,474	3,910	821	2000/03	2006
World Houston Int'l Business Ctr 22 (n)	3,213	436	—	4,210	436	4,210	4,646	1,136	2000	2007
World Houston Int'l Business Ctr 23 (f)	5,958	910	—	7,026	910	7,026	7,936	1,617	2000	2007
World Houston Int'l Business Ctr 24 (o)	4,275	837	—	5,415	837	5,415	6,252	1,441	2005	2008
World Houston Int'l Business Ctr 25 (o)	2,825	508	—	3,623	508	3,623	4,131	711	2005	2008
World Houston Int'l Business Ctr 26 (p)	2,798	445	—	3,170	445	3,170	3,615	593	2005	2008
World Houston Int'l Business Ctr 27 (o)	3,967	837	—	4,964	837	4,964	5,801	793	2005	2008
World Houston Int'l Business Ctr 28 (p)	3,559	550	—	4,049	550	4,049	4,599	620	2005	2009
World Houston Int'l Business Ctr 29 (p)	3,806	782	—	4,136	974	3,944	4,918	588	2007	2009
World Houston Int'l Business Ctr 30 (p)	5,145	981	—	5,667	1,222	5,426	6,648	897	2007	2009
World Houston Int'l Business Ctr 31A	—	684	—	3,627	684	3,627	4,311	263	2008	2011
World Houston Int'l Business Ctr 32 (h)	4,797	1,146	—	5,378	1,427	5,097	6,524	200	2007	2012
America Plaza (g)	4,523	662	4,660	872	662	5,532	6,194	2,661	1998	1996
Central Green Distribution Center (g)	3,451	566	4,031	130	566	4,161	4,727	1,895	1999	1998
Glenmont Business Park (g)	7,010	936	6,161	2,504	936	8,665	9,601	3,928	1998	1999/2000
Techway Southwest I (i)	3,459	729	3,765	2,133	729	5,898	6,627	2,570	2000	2001
Techway Southwest II (k)	4,208	550	3,689	809	550	4,498	5,048	1,571	2000	2004
Techway Southwest III (n)	4,235	597	—	5,527	751	5,373	6,124	1,813	1999	2006
Techway Southwest IV (p)	4,778	535	—	5,639	674	5,500	6,174	982	1999	2008
Beltway Crossing I (i)	3,970	458	5,712	1,435	458	7,147	7,605	2,949	2002	2001
Beltway Crossing II (n)	2,190	415	—	2,751	415	2,751	3,166	805	2005	2007
Beltway Crossing III (n)	2,441	460	—	3,069	460	3,069	3,529	945	2005	2008
Beltway Crossing IV (n)	2,400	460	—	3,010	460	3,010	3,470	983	2005	2008

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2012 (In thousands, except footnotes)
Description	Encumbrances	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period			Accumulated Depreciation	Year Acquired	Year Constructed
		Land	Buildings and Improvements		Land	Buildings and Improvements	Total
Beltway Crossing V (p)	4,185	701	—	4,706	701	4,706	5,407	1,158	2005	2008
Beltway Crossing VI (h)	4,869	618	—	6,004	618	6,004	6,622	859	2005	2008
Beltway Crossing VII (h)	4,758	765	—	5,706	765	5,706	6,471	960	2005	2009
Beltway Crossing VIII	—	721	—	4,573	721	4,573	5,294	231	2005	2011
Beltway Crossing IX	—	418	—	2,104	418	2,104	2,522	15	2007	2012
Kirby Business Center (j)	2,855	530	3,153	332	530	3,485	4,015	1,078	2004	1980
Clay Campbell Distribution Center	—	742	2,998	379	742	3,377	4,119	1,256	2005	1982
El Paso
Butterfield Trail	—	—	20,725	6,627	—	27,352	27,352	14,280	1997/2000	1987/95
Rojas Commerce Park (g)	5,184	900	3,659	2,541	900	6,200	7,100	4,182	1999	1986
Americas Ten Business Center I (j)	2,808	526	2,778	1,157	526	3,935	4,461	1,809	2001	2003
San Antonio
Alamo Downs Distribution Center (m)	6,602	1,342	6,338	1,094	1,342	7,432	8,774	3,279	2004	1986/2002
Arion Business Park (m)	29,364	4,143	31,432	3,447	4,143	34,879	39,022	12,508	2005	1988-2000/06
Arion 14 (m)	2,787	423	—	3,280	423	3,280	3,703	918	2005	2006
Arion 16 (f)	2,938	427	—	3,485	427	3,485	3,912	698	2005	2007
Arion 17 (m)	3,307	616	—	3,779	616	3,779	4,395	1,351	2005	2007
Arion 18 (h)	2,010	418	—	2,316	418	2,316	2,734	675	2005	2008
Arion 8 expansion (m)	1,162	—	—	1,545	—	1,545	1,545	72	2005	2011
Wetmore Business Center (n)	10,285	1,494	10,804	2,573	1,494	13,377	14,871	4,886	2005	1998/99
Wetmore Phase II, Building A (p)	2,891	412	—	3,323	412	3,323	3,735	961	2006	2008
Wetmore Phase II, Building B (p)	3,145	505	—	3,559	505	3,559	4,064	777	2006	2008
Wetmore Phase II, Building C (p)	2,884	546	—	3,180	546	3,180	3,726	367	2006	2008
Wetmore Phase II, Building D (p)	6,465	1,056	—	7,297	1,056	7,297	8,353	1,220	2006	2008
Fairgrounds Business Park (n)	7,883	1,644	8,209	1,545	1,644	9,754	11,398	2,985	2007	1985/86
Rittiman Distribution Center	—	1,083	6,649	205	1,083	6,854	7,937	244	2011	2000
ARIZONA
Phoenix area
Broadway Industrial Park I	—	837	3,349	755	837	4,104	4,941	2,152	1996	1971
Broadway Industrial Park II	—	455	482	161	455	643	1,098	366	1999	1971
Broadway Industrial Park III	—	775	1,742	525	775	2,267	3,042	1,031	2000	1983
Broadway Industrial Park IV	—	380	1,652	778	380	2,430	2,810	1,102	2000	1986
Broadway Industrial Park V (i)	810	353	1,090	108	353	1,198	1,551	545	2002	1980

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2012 (In thousands, except footnotes)
Description	Encumbrances	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period			Accumulated Depreciation	Year Acquired	Year Constructed
		Land	Buildings and Improvements		Land	Buildings and Improvements	Total
Broadway Industrial Park VI (f)	2,230	599	1,855	515	599	2,370	2,969	1,107	2002	1979
Broadway Industrial Park VII	—	450	650	72	450	722	1,172	22	2011	1999
Kyrene Distribution Center	198	850	2,044	548	850	2,592	3,442	1,347	1999	1981
Kyrene Distribution Center II	—	640	2,409	722	640	3,131	3,771	1,586	1999	2001
Southpark Distribution Center	—	918	2,738	609	918	3,347	4,265	1,235	2001	2000
Santan 10 Distribution Center I (m)	2,831	846	2,647	269	846	2,916	3,762	1,109	2001	2005
Santan 10 Distribution Center II (f)	4,638	1,088	—	5,089	1,088	5,089	6,177	1,455	2004	2007
Metro Business Park	—	1,927	7,708	5,488	1,927	13,196	15,123	7,593	1996	1977/79
35th Avenue Distribution Center (i)	1,676	418	2,381	412	418	2,793	3,211	1,177	1997	1967
51st Avenue Distribution Center	—	300	2,029	785	300	2,814	3,114	1,442	1998	1987
East University Distribution Center I & II (f)	5,059	1,120	4,482	1,135	1,120	5,617	6,737	2,736	1998	1987/89
East University Distribution Center III	—	444	698	99	444	797	1,241	96	2010	1981
55th Avenue Distribution Center (f)	4,032	912	3,717	740	917	4,452	5,369	2,304	1998	1987
Interstate Commons Dist Ctr I	—	798	3,632	1,248	798	4,880	5,678	2,079	1999	1988
Interstate Commons Dist Ctr II	—	320	2,448	365	320	2,813	3,133	1,144	1999	2000
Interstate Commons Dist Ctr III	—	242	—	2,954	242	2,954	3,196	590	2000	2008
Airport Commons	—	1,000	1,510	818	1,000	2,328	3,328	982	2003	1971
40th Avenue Distribution Center (p)	5,209	703	—	6,028	703	6,028	6,731	1,033	2004	2008
Sky Harbor Business Park	—	5,839	—	21,226	5,839	21,226	27,065	2,875	2006	2008
Tucson
Country Club I (k)	5,121	506	3,564	2,073	693	5,450	6,143	1,858	1997/2003	1994/2003
Country Club II	—	442	3,381	37	442	3,418	3,860	726	2007	2000
Country Club III & IV	—	1,407	—	11,090	1,575	10,922	12,497	1,509	2007	2009
Airport Distribution Center	—	1,103	4,672	1,533	1,103	6,205	7,308	3,028	1998	1995
Southpointe Distribution Center	—	—	3,982	2,950	—	6,932	6,932	3,246	1999	1989
Benan Distribution Center	—	707	1,842	603	707	2,445	3,152	1,064	2005	2001
NORTH CAROLINA
Charlotte
NorthPark Business Park (f)	16,065	2,758	15,932	2,706	2,758	18,638	21,396	5,435	2006	1987-89
Lindbergh Business Park	—	470	3,401	297	470	3,698	4,168	1,042	2007	2001/03
Commerce Park I (n)	3,969	765	4,303	671	765	4,974	5,739	1,254	2007	1983
Commerce Park II (h)	1,530	335	1,603	143	335	1,746	2,081	263	2010	1987
Commerce Park III (h)	2,207	558	2,225	219	558	2,444	3,002	364	2010	1981

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2012 (In thousands, except footnotes)
Description	Encumbrances	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period			Accumulated Depreciation	Year Acquired	Year Constructed
		Land	Buildings and Improvements		Land	Buildings and Improvements	Total
Nations Ford Business Park (n)	15,356	3,924	16,171	2,110	3,924	18,281	22,205	5,541	2007	1989/94
Airport Commerce Center (o)	8,541	1,454	10,136	901	1,454	11,037	12,491	2,113	2008	2001/02
Interchange Park (o)	6,345	986	7,949	344	986	8,293	9,279	1,463	2008	1989
Ridge Creek Distribution Center I (o)	10,357	1,284	13,163	700	1,284	13,863	15,147	2,117	2008	2006
Ridge Creek Distribution Center II (h)	10,759	3,033	11,497	105	3,033	11,602	14,635	517	2011	2003
Waterford Distribution Center (o)	2,877	654	3,392	162	654	3,554	4,208	466	2008	2000
Lakeview Business Center (h)	4,841	1,392	5,068	124	1,392	5,192	6,584	315	2011	1996
LOUISIANA
New Orleans
Elmwood Business Park	—	2,861	6,337	3,458	2,861	9,795	12,656	6,187	1997	1979
Riverbend Business Park	—	2,592	17,623	3,711	2,592	21,334	23,926	10,317	1997	1984
COLORADO
Denver
Rampart Distribution Center I (m)	4,753	1,023	3,861	1,433	1,023	5,294	6,317	3,342	1988	1987
Rampart Distribution Center II (m)	3,134	230	2,977	958	230	3,935	4,165	2,358	1996/97	1996/97
Rampart Distribution Center III (m)	4,768	1,098	3,884	1,355	1,098	5,239	6,337	2,346	1997/98	1999
Concord Distribution Center (h)	4,585	1,051	4,773	413	1,051	5,186	6,237	1,322	2007	2000
Centennial Park (p)	4,462	750	3,319	1,697	750	5,016	5,766	958	2007	1990
NEVADA
Las Vegas
Arville Distribution Center	—	4,933	5,094	232	4,933	5,326	10,259	1,016	2009	1997
MISSISSIPPI
Jackson area
Interchange Business Park	—	343	5,007	2,311	343	7,318	7,661	3,948	1997	1981
Tower Automotive	—	—	9,958	1,199	17	11,140	11,157	3,447	2001	2002
Metro Airport Commerce Center I	—	303	1,479	968	303	2,447	2,750	1,243	2001	2003
TENNESSEE
Memphis
Air Park Distribution Center I	—	250	1,916	851	250	2,767	3,017	1,444	1998	1975
OKLAHOMA
Oklahoma City
Northpointe Commerce Center	—	777	3,113	825	998	3,717	4,715	1,632	1998	1996/97
	607,766	241,718	869,126	508,933	244,199	1,375,578	1,619,777	496,054

REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2012 (In thousands, except footnotes)
Description	Encumbrances	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period			Accumulated Depreciation	Year Acquired	Year Constructed
		Land	Buildings and Improvements		Land	Buildings and Improvements	Total
Industrial Development (d):
FLORIDA
Oak Creek land	—	1,946	—	2,852	2,374	2,424	4,798	—	2005	n/a
Madison land	—	1,189	—	158	1,189	158	1,347	—	2012	n/a
Southridge IX	—	468	—	5,832	468	5,832	6,300	149	2003	n/a
Southridge XI	—	513	—	4,952	513	4,952	5,465	—	2003	n/a
Southridge X	—	414	—	1,565	414	1,565	1,979	—	2003	n/a
Horizon land	—	14,072	—	10,549	14,157	10,464	24,621	—	2008/09	n/a
SunCoast land	—	10,926	—	6,720	11,105	6,541	17,646	—	2006	n/a
TEXAS
North Stemmons land	—	537	—	276	537	276	813	—	2001	n/a
Valwood land	—	404	—	17	404	17	421	—	2012	n/a
World Houston Int'l Business Ctr 31B	—	546	—	2,405	546	2,405	2,951	6	2008	n/a
World Houston Int'l Business Ctr 33	—	1,166	—	7,918	1,166	7,918	9,084	—	2011	n/a
World Houston Int'l Business Ctr 34	—	439	—	2,236	439	2,236	2,675	—	2005	n/a
World Houston Int'l Business Ctr 35	—	340	—	1,773	340	1,773	2,113	—	2005	n/a
World Houston Int'l Business Ctr 36	—	685	—	753	685	753	1,438	—	2011	n/a
World Houston Int'l Business Ctr 37	—	759	—	915	759	915	1,674	—	2011	n/a
World Houston Int'l Business Ctr 38	—	1,053	—	1,164	1,053	1,164	2,217	—	2011	n/a
World Houston Int'l Business Ctr land	—	1,628	—	1,042	1,628	1,042	2,670	—	2000/06	n/a
World Houston Int'l Business Ctr land - expansion	—	6,410	—	4,404	6,410	4,404	10,814	—	2011	n/a
Beltway Crossing X	—	733	—	3,083	733	3,083	3,816	28	2007	n/a
Beltway Crossing XI	—	690	—	2,910	690	2,910	3,600	—	2007	n/a
Ten West Crossing 1	—	401	—	1,341	401	1,341	1,742	—	2012	n/a
Ten West Crossing land	—	5,586	—	818	5,586	818	6,404	—	2012	n/a
Lee Road land	—	3,068	—	2,142	3,822	1,388	5,210	—	2007	n/a
West Road land	—	3,303	—	32	3,303	32	3,335	—	2012	n/a
Americas Ten Business Center II & III land	—	1,365	—	1,079	1,365	1,079	2,444	—	2001	n/a
Thousand Oaks I	—	607	—	2,932	607	2,932	3,539	—	2008	n/a
Thousand Oaks II	—	794	—	4,015	794	4,015	4,809	10	2008	n/a
Alamo Ridge land	—	2,288	—	1,944	2,288	1,944	4,232	—	2007	n/a
Thousand Oaks land	—	772	—	460	772	460	1,232	—	2008	n/a

REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2012 (In thousands, except footnotes)
Description	Encumbrances		Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period			Accumulated Depreciation	Year Acquired	Year Constructed
			Land	Buildings and Improvements		Land	Buildings and Improvements	Total
ARIZONA
Airport Distribution Center II land	—		300	—	117	300	117	417	—	2000	n/a
Kyrene land	—		3,220	—	666	3,220	666	3,886	—	2011	n/a
Chandler Freeways land	—		1,525	—	286	1,525	286	1,811	—	2012	n/a
NORTH CAROLINA
Airport Commerce Center III land	—		855	—	480	855	480	1,335	—	2008	n/a
COLORADO
Rampart IV land	—		590	—	121	590	121	711	—	2012	n/a
MISSISSIPPI
Metro Airport Commerce Center II land	—		307	—	399	307	399	706	—	2001	n/a
	—		69,899	—	78,356	71,345	76,910	148,255	193
Total real estate owned (a)(b)	$	607,766	311,617	869,126	587,289	315,544	1,452,488	1,768,032	496,247
See accompanying Report of Independent Registered Public Accounting Firm on Financial Statement Schedules.

(a)  Changes in Real Estate Properties follow: 

	Years Ended December 31,
	2012			2011		2010
	(In thousands)
Balance at beginning of year	$	1,662,593		1,521,177		1,468,182
Purchases of real estate properties	48,934			80,624		19,897
Development of real estate properties	55,404			42,148		9,145
Improvements to real estate properties	18,164			18,686		23,953
Carrying amount of investments sold	(16,756		)	—		—
Write-off of improvements	(307		)	(42	)	—
Balance at end of year (1)	$	1,768,032		1,662,593		1,521,177

(1) Includes 20% noncontrolling interests in Castilian Research Center of $1,794,000 at December 31, 2012 and $1,794,000 at December 31, 2011 and in University Business Center of $6,418,000 and $6,369,000, respectively.

Changes in the accumulated depreciation on real estate properties follow:

	Years Ended December 31,
	2012			2011		2010
	(In thousands)
Balance at beginning of year	$	451,805		403,187		354,745
Depreciation expense	51,564			48,648		48,442
Accumulated depreciation on assets sold	(6,819		)	—		—
Other	(303		)	(30	)	—
Balance at end of year	$	496,247		451,805		403,187

(b) The estimated aggregate cost of real estate properties at December 31, 2012 for federal income tax purposes was approximately $1,727,509,000 before estimated accumulated tax depreciation of $314,360,000.  The federal income tax return for the year ended December 31, 2012, has not been filed and accordingly, this estimate is based on preliminary data.

(c) The Company computes depreciation using the straight-line method over the estimated useful lives of the buildings (generally 40 years) and improvements (generally 3 to 15 years).   

(d) The Company transfers development properties to real estate properties the earlier of 80% occupancy or one year after completion of the shell construction.

(e) EastGroup has a $61,052,000 limited recourse first mortgage loan with an insurance company secured by Dominguez, Industry Distribution Center I & III, Kingsview, Shaw, Walnut, and Washington.  The loan has a recourse liability of $5 million which will be released based on the secured properties generating certain base rent amounts.

(f) EastGroup has a $60,310,000 non-recourse first mortgage loan with an insurance company secured by Arion 16, Broadway VI, Chino, East University I & II, Northpark I-IV, Santan 10 II, 55^th Avenue, and World Houston 1 & 2 and 21 & 23.

(g) EastGroup has a $61,970,000 non-recourse first mortgage loan with an insurance company secured by America Plaza, Central Green, Glenmont I & II, Interstate I, II & III, Rojas, Stemmons Circle, Venture, West Loop I & II, and World Houston 3-9.

(h) EastGroup has a $52,369,000 non-recourse first mortgage loan with an insurance company secured by Arion 18, Beltway VI & VII, Commerce Park II & III, Concord Distribution Center, Interstate Distribution Center V, VI & VII, Lakeview Business Center, Ridge Creek Distribution Center II, Southridge IV & V and World Houston 32.

(i) EastGroup has a $34,474,000 non-recourse first mortgage loan with an insurance company secured by 35^th Avenue, Beltway Crossing I, Broadway V, Lockwood, Northwest Point, Sunbelt, Techway Southwest I, and World Houston 10, 11 & 14.

(j) EastGroup has a $27,467,000 non-recourse first mortgage loan with an insurance company secured by Americas Ten I, Kirby, Palm River North I, II & III, Shady Trail, Westlake I & II, and World Houston 17.

(k) EastGroup has a $29,465,000 non-recourse first mortgage loan with an insurance company secured by Country Club I, Lake Pointe, Techway Southwest II, and World Houston 19 & 20.

(l) EastGroup has a $30,332,000 non-recourse first mortgage loan with an insurance company secured by Huntwood and Wiegman.

(m) EastGroup has a $63,132,000 non-recourse first mortgage loan with an insurance company secured by Alamo Downs, Arion 1-15 & 17, Rampart I, II & III, Santan 10, and World Houston 16.

(n) EastGroup has a $64,374,000 non-recourse first mortgage loan with an insurance company secured by Beltway II, III & IV, Commerce Park 1, Eastlake, Fairgrounds I-IV, Nations Ford I-IV, Techway Southwest III, Wetmore I-IV, and World Houston 15 & 22.

(o) EastGroup has a $52,086,000 non-recourse first mortgage loan with an insurance company secured by Airport Commerce Center I & II, Interchange Park, Ridge Creek Distribution Center I, Southridge XII, Waterford Distribution Center, and World Houston 24, 25 & 27.

(p) EastGroup has a $69,376,000 non-recourse first mortgage loan with an insurance company secured by 40^th Avenue, Beltway V, Centennial Park, Executive Airport, Ocean View, Techway Southwest IV, Wetmore V-VIII, and World Houston 26, 28, 29 & 30.