SCHEDULE III

12 Months Ended

Dec. 31, 2013

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

SCHEDULE III

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2013 (In thousands, except footnotes)
Description	Encumbrances		Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount 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	3,862	843	7,429	8,272	4,984	1993	1981/86/97
Jetport Commerce Park	—		1,575	6,591	4,473	1,575	11,064	12,639	6,796	1993-99	1974-85
Westport Commerce Center	—		980	3,800	2,447	980	6,247	7,227	3,926	1994	1983/87
Benjamin Distribution Center I & II	—		843	3,963	1,355	883	5,278	6,161	3,156	1997	1996
Benjamin Distribution Center III	—		407	1,503	458	407	1,961	2,368	1,414	1999	1988
Palm River Center	—		1,190	4,625	2,208	1,190	6,833	8,023	3,844	1997/98	1990/97/98
Palm River North I & III (i)	5,019		1,005	4,688	2,245	1,005	6,933	7,938	3,498	1998	2000
Palm River North II (i)	4,605		634	4,418	381	634	4,799	5,433	2,908	1997/98	1999
Palm River South I	—		655	3,187	557	655	3,744	4,399	1,408	2000	2005
Palm River South II	—		655	—	4,360	655	4,360	5,015	1,743	2000	2006
Walden Distribution Center I	—		337	3,318	447	337	3,765	4,102	1,720	1997/98	2001
Walden Distribution Center II	—		465	3,738	932	465	4,670	5,135	2,256	1998	1998
Oak Creek Distribution Center I	—		1,109	6,126	1,364	1,109	7,490	8,599	2,961	1998	1998
Oak Creek Distribution Center II	—		647	3,603	1,046	647	4,649	5,296	1,799	2003	2001
Oak Creek Distribution Center III	—		439	—	3,178	556	3,061	3,617	861	2005	2007
Oak Creek Distribution Center IV	—		805	6,472	578	805	7,050	7,855	1,857	2005	2001
Oak Creek Distribution Center V	—		724	—	5,815	916	5,623	6,539	1,593	2005	2007
Oak Creek Distribution Center VI	—		642	—	5,039	812	4,869	5,681	1,002	2005	2008
Oak Creek Distribution Center IX	—		618	—	4,918	781	4,755	5,536	729	2005	2009
Oak Creek Distribution Center A	—		185	—	1,428	185	1,428	1,613	280	2005	2008
Oak Creek Distribution Center B	—		227	—	1,485	227	1,485	1,712	277	2005	2008
Airport Commerce Center	—		1,257	4,012	825	1,257	4,837	6,094	2,204	1998	1998
Westlake Distribution Center (i)	6,394		1,333	6,998	1,638	1,333	8,636	9,969	4,309	1998	1998/99
Expressway Commerce Center I	—		915	5,346	1,026	915	6,372	7,287	2,537	2002	2004
Expressway Commerce Center II	—		1,013	3,247	367	1,013	3,614	4,627	1,535	2003	2001
Silo Bend Distribution Center	—		4,131	27,497	533	4,131	28,030	32,161	2,337	2011	1987/90
Tampa East Distribution Center	—		791	4,758	26	791	4,784	5,575	562	2011	1984
Tampa West Distribution Center	—		2,246	8,868	905	2,246	9,773	12,019	908	2011	1975/93/94
Madison Distribution Center	—		495	2,779	254	495	3,033	3,528	259	2012	2007

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2013 (In thousands, except footnotes)
Description	Encumbrances	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period			Accumulated Depreciation	Year Acquired	Year Constructed
		Land	Buildings and Improvements		Land	Buildings and Improvements	Total
Orlando
Chancellor Center	—	291	1,711	217	291	1,928	2,219	1,009	1996/97	1996/97
Exchange Distribution Center I	—	603	2,414	2,019	603	4,433	5,036	2,838	1994	1975
Exchange Distribution Center II	—	300	945	266	300	1,211	1,511	552	2002	1976
Exchange Distribution Center III	—	320	997	386	320	1,383	1,703	668	2002	1980
Sunbelt Distribution Center	—	1,474	5,745	5,287	1,474	11,032	12,506	6,955	1989/97/98	1974/87/97/98
John Young Commerce Center I	—	497	2,444	824	497	3,268	3,765	1,578	1997/98	1997/98
John Young Commerce Center II	—	512	3,613	191	512	3,804	4,316	2,199	1998	1999
Altamonte Commerce Center I	—	1,518	2,661	2,065	1,518	4,726	6,244	3,125	1999	1980/82
Altamonte Commerce Center II	—	745	2,618	1,089	745	3,707	4,452	1,610	2003	1975
Sunport Center I	—	555	1,977	667	555	2,644	3,199	1,232	1999	1999
Sunport Center II	—	597	3,271	1,436	597	4,707	5,304	2,981	1999	2001
Sunport Center III	—	642	3,121	755	642	3,876	4,518	1,705	1999	2002
Sunport Center IV	—	642	2,917	970	642	3,887	4,529	1,560	1999	2004
Sunport Center V	—	750	2,509	1,913	750	4,422	5,172	2,281	1999	2005
Sunport Center VI	—	672	—	3,429	672	3,429	4,101	1,001	1999	2006
Southridge Commerce Park I	—	373	—	4,478	373	4,478	4,851	2,320	2003	2006
Southridge Commerce Park II	—	342	—	4,417	342	4,417	4,759	1,764	2003	2007
Southridge Commerce Park III	—	547	—	5,420	547	5,420	5,967	1,417	2003	2007
Southridge Commerce Park IV (h)	3,527	506	—	4,561	506	4,561	5,067	1,307	2003	2006
Southridge Commerce Park V (h)	3,248	382	—	4,283	382	4,283	4,665	1,580	2003	2006
Southridge Commerce Park VI	—	571	—	5,101	571	5,101	5,672	1,166	2003	2007
Southridge Commerce Park VII	—	520	—	6,295	520	6,295	6,815	1,549	2003	2008
Southridge Commerce Park VIII	—	531	—	6,254	531	6,254	6,785	1,178	2003	2008
Southridge Commerce Park IX	—	468	—	5,858	468	5,858	6,326	356	2003	2012
Southridge Commerce Park X	—	414	—	4,824	414	4,824	5,238	52	2003	2012
Southridge Commerce Park XI	—	513	—	5,795	513	5,795	6,308	149	2003	2012
Southridge Commerce Park XII	—	2,025	—	16,915	2,025	16,915	18,940	2,766	2005	2008
Jacksonville
Deerwood Distribution Center	—	1,147	1,799	2,838	1,147	4,637	5,784	2,080	1989	1978
Phillips Distribution Center	—	1,375	2,961	4,250	1,375	7,211	8,586	4,405	1994	1984/95
Lake Pointe Business Park (j)	12,794	3,442	6,450	6,772	3,442	13,222	16,664	8,697	1993	1986/87
Ellis Distribution Center	—	540	7,513	969	540	8,482	9,022	3,765	1997	1977

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2013 (In thousands, except footnotes)
Description	Encumbrances	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period			Accumulated Depreciation	Year Acquired	Year Constructed
		Land	Buildings and Improvements		Land	Buildings and Improvements	Total
Westside Distribution Center	—	1,170	12,400	4,508	1,170	16,908	18,078	8,652	1997	1984
12th Street Distribution Center	—	841	2,974	1,375	841	4,349	5,190	798	2008	1985
Beach Commerce Center	—	476	1,899	614	476	2,513	2,989	1,130	2000	2000
Interstate Distribution Center	—	1,879	5,700	1,549	1,879	7,249	9,128	2,866	2005	1990
Fort Lauderdale/Palm Beach area
Linpro Commerce Center	—	613	2,243	1,567	616	3,807	4,423	2,732	1996	1986
Cypress Creek Business Park	—	—	2,465	1,630	—	4,095	4,095	2,426	1997	1986
Lockhart Distribution Center	—	—	3,489	2,282	—	5,771	5,771	3,384	1997	1986
Interstate Commerce Center	—	485	2,652	704	485	3,356	3,841	1,933	1998	1988
Executive Airport Commerce Ctr (n)	8,834	1,991	4,857	5,087	1,991	9,944	11,935	3,687	2001	2004/06
Sample 95 Business Park	—	2,202	8,785	2,907	2,202	11,692	13,894	6,404	1996/98	1990/99
Blue Heron Distribution Center	—	975	3,626	1,744	975	5,370	6,345	2,922	1999	1986
Blue Heron Distribution Center II	1,026	1,385	4,222	809	1,385	5,031	6,416	1,986	2004	1988
Blue Heron Distribution Center III	—	450	—	2,663	450	2,663	3,113	484	2004	2009
Fort Myers
SunCoast Commerce Center I	—	911	—	4,758	928	4,741	5,669	1,213	2005	2008
SunCoast Commerce Center II	—	911	—	4,952	928	4,935	5,863	1,388	2005	2007
SunCoast Commerce Center III	—	1,720	—	6,376	1,763	6,333	8,096	1,168	2006	2008
CALIFORNIA
San Francisco area
Wiegman Distribution Center I (k)	10,870	2,197	8,788	1,836	2,308	10,513	12,821	4,916	1996	1986/87
Wiegman Distribution Center II	—	2,579	4,316	2	2,579	4,318	6,897	176	2012	1998
Huntwood Distribution Center (k)	17,963	3,842	15,368	1,990	3,842	17,358	21,200	8,474	1996	1988
San Clemente Distribution Center	—	893	2,004	852	893	2,856	3,749	1,345	1997	1978
Yosemite Distribution Center	—	259	7,058	1,019	259	8,077	8,336	3,805	1999	1974/87
Los Angeles area
Kingsview Industrial Center (e)	2,860	643	2,573	512	643	3,085	3,728	1,555	1996	1980
Dominguez Distribution Center (e)	8,594	2,006	8,025	1,170	2,006	9,195	11,201	4,725	1996	1977
Main Street Distribution Center	—	1,606	4,103	787	1,606	4,890	6,496	2,279	1999	1999
Walnut Business Center (e)	7,132	2,885	5,274	1,136	2,885	6,410	9,295	3,067	1996	1966/90
Washington Distribution Center (e)	5,505	1,636	4,900	639	1,636	5,539	7,175	2,539	1997	1996/97
Chino Distribution Center (f)	10,117	2,544	10,175	1,623	2,544	11,798	14,342	5,984	1998	1980
Industry Distribution Center I (e)	18,799	10,230	12,373	1,899	10,230	14,272	24,502	6,600	1998	1959

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2013 (In thousands, except footnotes)
Description	Encumbrances	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition		Gross Amount Carried at Close of Period			Accumulated Depreciation	Year Acquired	Year Constructed
		Land	Buildings and Improvements			Land	Buildings and Improvements	Total
Industry Distribution Center III (e)	2,190	—	3,012	(157	)	—	2,855	2,855	2,852	2007	1992
Chestnut Business Center	—	1,674	3,465	209		1,674	3,674	5,348	1,537	1998	1999
Los Angeles Corporate Center	—	1,363	5,453	2,890		1,363	8,343	9,706	4,510	1996	1986
Santa Barbara
University Business Center	—	5,517	22,067	4,895		5,520	26,959	32,479	13,661	1996	1987/88
Castilian Research Center	—	2,719	1,410	4,840		2,719	6,250	8,969	1,111	2005	2007
Fresno
Shaw Commerce Center (e)	14,007	2,465	11,627	4,164		2,465	15,791	18,256	8,505	1998	1978/81/87
San Diego
Eastlake Distribution Center (m)	7,532	3,046	6,888	1,629		3,046	8,517	11,563	4,284	1997	1989
Ocean View Corporate Center (n)	10,478	6,577	7,105	475		6,577	7,580	14,157	1,601	2010	2005
TEXAS
Dallas
Interstate Distribution Center  I & II (g)	6,269	1,746	4,941	2,306		1,746	7,247	8,993	5,108	1988	1978
Interstate Distribution Center III (g)	2,272	519	2,008	732		519	2,740	3,259	1,477	2000	1979
Interstate Distribution Center IV	—	416	2,481	402		416	2,883	3,299	1,105	2004	2002
Interstate Distribution Center V, VI & VII (h)	4,987	1,824	4,106	1,234		1,824	5,340	7,164	1,627	2009	1979/80/81
Venture Warehouses (g)	5,154	1,452	3,762	2,180		1,452	5,942	7,394	4,103	1988	1979
Stemmons Circle (g)	2,062	363	2,014	581		363	2,595	2,958	1,529	1998	1977
Ambassador Row Warehouses	—	1,156	4,625	2,444		1,156	7,069	8,225	4,356	1998	1958/65
North Stemmons II	—	150	583	435		150	1,018	1,168	398	2002	1971
North Stemmons III	—	380	2,066	48		380	2,114	2,494	443	2007	1974
Shady Trail Distribution Center (i)	2,850	635	3,621	730		635	4,351	4,986	1,636	2003	1998
Valwood Distribution Center	—	4,361	34,405	320		4,361	34,725	39,086	1,756	2012	1986/87/97/98
Northfield Distribution Center	—	12,471	50,713	245		12,471	50,958	63,429	1,800	2013	1999-2001/03/04/08
Houston
Northwest Point Business Park	—	1,243	5,640	4,649		1,243	10,289	11,532	6,103	1994	1984/85
Lockwood Distribution Center	—	749	5,444	1,983		749	7,427	8,176	3,798	1997	1968/69
West Loop Distribution Center (g)	5,252	905	4,383	2,246		905	6,629	7,534	3,701	1997/2000	1980
World Houston Int'l Business Ctr 1 & 2 (f)	5,488	660	5,893	1,227		660	7,120	7,780	3,852	1998	1996
World Houston Int'l Business Ctr 3, 4 & 5 (g)	5,882	1,025	6,413	1,000		1,025	7,413	8,438	3,638	1998	1998
World Houston Int'l Business Ctr 6 (g)	2,273	425	2,423	414		425	2,837	3,262	1,514	1998	1998

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2013 (In thousands, except footnotes)
Description	Encumbrances	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount 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 7 & 8 (g)	6,553	680	4,584	4,139	680	8,723	9,403	4,331	1998	1998
World Houston Int'l Business Ctr 9 (g)	4,685	800	4,355	1,566	800	5,921	6,721	2,215	1998	1998
World Houston Int'l Business Ctr 10	—	933	4,779	325	933	5,104	6,037	1,937	2001	1999
World Houston Int'l Business Ctr 11	—	638	3,764	1,155	638	4,919	5,557	2,178	1999	1999
World Houston Int'l Business Ctr 12	—	340	2,419	203	340	2,622	2,962	1,353	2000	2002
World Houston Int'l Business Ctr 13	—	282	2,569	282	282	2,851	3,133	1,667	2000	2002
World Houston Int'l Business Ctr 14	—	722	2,629	535	722	3,164	3,886	1,456	2000	2003
World Houston Int'l Business Ctr 15 (m)	4,275	731	—	5,831	731	5,831	6,562	2,542	2000	2007
World Houston Int'l Business Ctr 16 (l)	4,109	519	4,248	1,124	519	5,372	5,891	2,266	2000	2005
World Houston Int'l Business Ctr 17 (i)	2,491	373	1,945	785	373	2,730	3,103	969	2000	2004
World Houston Int'l Business Ctr 18	—	323	1,512	251	323	1,763	2,086	615	2005	1995
World Houston Int'l Business Ctr 19 (j)	2,714	373	2,256	905	373	3,161	3,534	1,628	2000	2004
World Houston Int'l Business Ctr 20 (j)	3,273	1,008	1,948	1,307	1,008	3,255	4,263	1,551	2000	2004
World Houston Int'l Business Ctr 21 (f)	2,758	436	—	3,474	436	3,474	3,910	957	2000/03	2006
World Houston Int'l Business Ctr 22 (m)	3,122	436	—	4,356	436	4,356	4,792	1,347	2000	2007
World Houston Int'l Business Ctr 23 (f)	5,599	910	—	7,026	910	7,026	7,936	1,903	2000	2007
World Houston Int'l Business Ctr 24	—	837	—	5,453	837	5,453	6,290	1,705	2005	2008
World Houston Int'l Business Ctr 25	—	508	—	3,648	508	3,648	4,156	880	2005	2008
World Houston Int'l Business Ctr 26 (n)	2,694	445	—	3,194	445	3,194	3,639	752	2005	2008
World Houston Int'l Business Ctr 27	—	837	—	4,964	837	4,964	5,801	987	2005	2008
World Houston Int'l Business Ctr 28 (n)	3,404	550	—	4,049	550	4,049	4,599	789	2005	2009
World Houston Int'l Business Ctr 29 (n)	3,640	782	—	4,136	974	3,944	4,918	761	2007	2009
World Houston Int'l Business Ctr 30 (n)	4,921	981	—	5,668	1,222	5,427	6,649	1,223	2007	2009
World Houston Int'l Business Ctr 31A	—	684	—	3,643	684	3,643	4,327	509	2008	2011
World Houston Int'l Business Ctr 31B	—	546	—	3,075	546	3,075	3,621	106	2008	2012
World Houston Int'l Business Ctr 32 (h)	4,551	1,146	—	5,391	1,427	5,110	6,537	408	2007	2012
World Houston Int'l Business Ctr 33	—	1,166	—	7,849	1,166	7,849	9,015	257	2011	2013
World Houston Int'l Business Ctr 34	—	439	—	3,332	439	3,332	3,771	70	2005	2012
World Houston Int'l Business Ctr 35	—	340	—	2,470	340	2,470	2,810	35	2005	2012
World Houston Int'l Business Ctr 36	—	685	—	4,795	685	4,795	5,480	63	2011	2013
World Houston Int'l Business Ctr 38	—	1,053	—	7,112	1,053	7,112	8,165	67	2011	2013
America Plaza (g)	4,349	662	4,660	918	662	5,578	6,240	2,814	1998	1996

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2013 (In thousands, except footnotes)
Description	Encumbrances	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period			Accumulated Depreciation	Year Acquired	Year Constructed
		Land	Buildings and Improvements		Land	Buildings and Improvements	Total
Central Green Distribution Center (g)	3,295	566	4,031	130	566	4,161	4,727	1,995	1999	1998
Glenmont Business Park (g)	6,692	936	6,161	2,504	936	8,665	9,601	4,270	1998	1999/2000
Techway Southwest I	—	729	3,765	2,174	729	5,939	6,668	2,787	2000	2001
Techway Southwest II (j)	4,239	550	3,689	1,282	550	4,971	5,521	1,798	2000	2004
Techway Southwest III (m)	4,012	597	—	5,562	751	5,408	6,159	2,036	1999	2006
Techway Southwest IV (n)	4,593	535	—	5,670	674	5,531	6,205	1,256	1999	2008
Beltway Crossing I	—	458	5,712	1,684	458	7,396	7,854	3,170	2002	2001
Beltway Crossing II (m)	2,062	415	—	2,751	415	2,751	3,166	915	2005	2007
Beltway Crossing III (m)	2,299	460	—	3,069	460	3,069	3,529	1,066	2005	2008
Beltway Crossing IV (m)	2,260	460	—	3,010	460	3,010	3,470	1,064	2005	2008
Beltway Crossing V (n)	4,004	701	—	4,709	701	4,709	5,410	1,429	2005	2008
Beltway Crossing VI (h)	4,619	618	—	6,017	618	6,017	6,635	1,100	2005	2008
Beltway Crossing VII (h)	4,590	765	—	5,828	765	5,828	6,593	1,315	2005	2009
Beltway Crossing VIII	—	721	—	4,576	721	4,576	5,297	467	2005	2011
Beltway Crossing IX	—	418	—	2,113	418	2,113	2,531	104	2007	2012
Beltway Crossing X	—	733	—	3,871	733	3,871	4,604	159	2007	2012
Beltway Crossing XI	—	690	—	4,092	690	4,092	4,782	50	2007	2013
Kirby Business Center (i)	2,797	530	3,153	339	530	3,492	4,022	1,164	2004	1980
Clay Campbell Distribution Center	—	742	2,998	384	742	3,382	4,124	1,345	2005	1982
Ten West Crossing 1	—	566	—	2,962	566	2,962	3,528	81	2012	2013
El Paso
Butterfield Trail	—	—	20,725	7,155	—	27,880	27,880	15,211	1997/2000	1987/95
Rojas Commerce Park (g)	5,089	900	3,659	2,742	900	6,401	7,301	4,366	1999	1986
Americas Ten Business Center I (i)	2,751	526	2,778	1,159	526	3,937	4,463	1,921	2001	2003
San Antonio
Alamo Downs Distribution Center (l)	6,135	1,342	6,338	1,116	1,342	7,454	8,796	3,535	2004	1986/2002
Arion Business Park (l)	28,507	4,143	31,432	5,294	4,143	36,726	40,869	13,678	2005	1988-2000/06
Arion 14 (l)	2,602	423	—	3,307	423	3,307	3,730	1,050	2005	2006
Arion 16 (f)	2,760	427	—	3,485	427	3,485	3,912	821	2005	2007
Arion 17 (l)	3,191	616	—	3,958	616	3,958	4,574	1,576	2005	2007
Arion 18 (h)	1,909	418	—	2,324	418	2,324	2,742	784	2005	2008
Wetmore Business Center (m)	9,819	1,494	10,804	2,776	1,494	13,580	15,074	5,393	2005	1998/99
Wetmore Phase II, Building A (n)	2,768	412	—	3,328	412	3,328	3,740	1,145	2006	2008

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2013 (In thousands, except footnotes)
Description	Encumbrances	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period			Accumulated Depreciation	Year Acquired	Year Constructed
		Land	Buildings and Improvements		Land	Buildings and Improvements	Total
Wetmore Phase II, Building B (n)	3,009	505	—	3,560	505	3,560	4,065	995	2006	2008
Wetmore Phase II, Building C (n)	3,027	546	—	3,543	546	3,543	4,089	453	2006	2008
Wetmore Phase II, Building D (n)	6,183	1,056	—	7,297	1,056	7,297	8,353	1,498	2006	2008
Fairgrounds Business Park (m)	7,642	1,644	8,209	1,879	1,644	10,088	11,732	3,508	2007	1985/86
Rittiman Distribution Center	—	1,083	6,649	265	1,083	6,914	7,997	488	2011	2000
Thousand Oaks 1	—	607	—	4,067	607	4,067	4,674	153	2008	2012
Thousand Oaks 2	—	794	—	4,719	794	4,719	5,513	187	2008	2012
ARIZONA
Phoenix area
Broadway Industrial Park I	—	837	3,349	823	837	4,172	5,009	2,266	1996	1971
Broadway Industrial Park II	—	455	482	161	455	643	1,098	381	1999	1971
Broadway Industrial Park III	—	775	1,742	525	775	2,267	3,042	1,114	2000	1983
Broadway Industrial Park IV	—	380	1,652	783	380	2,435	2,815	1,208	2000	1986
Broadway Industrial Park V	—	353	1,090	120	353	1,210	1,563	576	2002	1980
Broadway Industrial Park VI (f)	2,180	599	1,855	636	599	2,491	3,090	1,195	2002	1979
Broadway Industrial Park VII	—	450	650	95	450	745	1,195	63	2011	1999
Kyrene Distribution Center	76	1,490	4,453	1,269	1,490	5,722	7,212	3,153	1999	1981/2001
Southpark Distribution Center	—	918	2,738	609	918	3,347	4,265	1,317	2001	2000
Santan 10 Distribution Center I (l)	2,633	846	2,647	282	846	2,929	3,775	1,174	2001	2005
Santan 10 Distribution Center II (f)	4,379	1,088	—	5,119	1,088	5,119	6,207	1,648	2004	2007
Metro Business Park	—	1,927	7,708	5,665	1,927	13,373	15,300	8,162	1996	1977/79
35th Avenue Distribution Center	—	418	2,381	412	418	2,793	3,211	1,269	1997	1967
51st Avenue Distribution Center	—	300	2,029	805	300	2,834	3,134	1,585	1998	1987
East University Distribution Center I & II (f)	4,783	1,120	4,482	1,179	1,120	5,661	6,781	2,962	1998	1987/89
East University Distribution Center III	—	444	698	99	444	797	1,241	127	2010	1981
55th Avenue Distribution Center (f)	3,806	912	3,717	767	917	4,479	5,396	2,468	1998	1987
Interstate Commons Dist Ctr I	—	798	3,632	1,537	798	5,169	5,967	2,337	1999	1988
Interstate Commons Dist Ctr II	—	320	2,448	365	320	2,813	3,133	1,216	1999	2000
Interstate Commons Dist Ctr III	—	242	—	2,954	242	2,954	3,196	691	2000	2008
Airport Commons	—	1,000	1,510	1,093	1,000	2,603	3,603	1,141	2003	1971
40th Avenue Distribution Center (n)	4,982	703	—	6,028	703	6,028	6,731	1,269	2004	2008
Sky Harbor Business Park	—	5,839	—	21,145	5,839	21,145	26,984	3,956	2006	2008

SCHEDULE III
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2013 (In thousands, except footnotes)
Description	Encumbrances	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period			Accumulated Depreciation	Year Acquired	Year Constructed
		Land	Buildings and Improvements		Land	Buildings and Improvements	Total
Tucson
Country Club I (j)	4,792	506	3,564	2,173	693	5,550	6,243	2,017	1997/2003	1994/2003
Country Club II	—	442	3,381	37	442	3,418	3,860	856	2007	2000
Country Club III & IV	—	1,407	—	11,755	1,575	11,587	13,162	2,165	2007	2009
Airport Distribution Center	—	1,103	4,672	1,533	1,103	6,205	7,308	3,211	1998	1995
Southpointe Distribution Center	—	—	3,982	2,950	—	6,932	6,932	3,499	1999	1989
Benan Distribution Center	—	707	1,842	626	707	2,468	3,175	1,136	2005	2001
NORTH CAROLINA
Charlotte area
NorthPark Business Park (f)	15,498	2,758	15,932	3,278	2,758	19,210	21,968	6,234	2006	1987-89
Lindbergh Business Park	—	470	3,401	303	470	3,704	4,174	1,163	2007	2001/03
Commerce Park 1 (m)	3,738	765	4,303	671	765	4,974	5,739	1,399	2007	1983
Commerce Park 2 (h)	1,459	335	1,603	158	335	1,761	2,096	322	2010	1987
Commerce Park 3 (h)	2,127	558	2,225	272	558	2,497	3,055	475	2010	1981
Nations Ford Business Park (m)	14,641	3,924	16,171	2,380	3,924	18,551	22,475	6,240	2007	1989/94
Airport Commerce Center	—	1,454	10,136	922	1,454	11,058	12,512	2,562	2008	2001/02
Interchange Park I	—	986	7,949	454	986	8,403	9,389	1,722	2008	1989
Interchange Park II	—	746	1,456	21	746	1,477	2,223	22	2013	2000
Ridge Creek Distribution Center I	—	1,284	13,163	777	1,284	13,940	15,224	2,525	2008	2006
Ridge Creek Distribution Center II (h)	10,433	3,033	11,497	459	3,033	11,956	14,989	823	2011	2003
Waterford Distribution Center	—	654	3,392	396	654	3,788	4,442	589	2008	2000
Lakeview Business Center (h)	4,727	1,392	5,068	330	1,392	5,398	6,790	516	2011	1996
LOUISIANA
New Orleans
Elmwood Business Park	—	2,861	6,337	3,589	2,861	9,926	12,787	6,495	1997	1979
Riverbend Business Park	—	2,592	17,623	5,350	2,592	22,973	25,565	10,996	1997	1984
COLORADO
Denver
Rampart Distribution Center I (l)	4,409	1,023	3,861	1,438	1,023	5,299	6,322	3,534	1988	1987
Rampart Distribution Center II (l)	2,905	230	2,977	958	230	3,935	4,165	2,443	1996/97	1996/97
Rampart Distribution Center III (l)	4,442	1,098	3,884	1,386	1,098	5,270	6,368	2,465	1997/98	1999
Concord Distribution Center (h)	4,342	1,051	4,773	413	1,051	5,186	6,237	1,522	2007	2000
Centennial Park (n)	4,268	750	3,319	1,697	750	5,016	5,766	1,175	2007	1990

REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2013 (In thousands, except footnotes)
Description	Encumbrances	Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period			Accumulated Depreciation	Year Acquired	Year Constructed
		Land	Buildings and Improvements		Land	Buildings and Improvements	Total
NEVADA
Las Vegas
Arville Distribution Center	—	4,933	5,094	285	4,933	5,379	10,312	1,177	2009	1997
MISSISSIPPI
Jackson area
Interchange Business Park	—	343	5,007	2,577	343	7,584	7,927	4,255	1997	1981
Tower Automotive	—	—	9,958	1,199	17	11,140	11,157	3,739	2001	2002
Metro Airport Commerce Center I	—	303	1,479	968	303	2,447	2,750	1,312	2001	2003
TENNESSEE
Memphis
Air Park Distribution Center I	—	250	1,916	1,336	250	3,252	3,502	1,613	1998	1975
OKLAHOMA
Oklahoma City
Northpointe Commerce Center	—	777	3,113	841	998	3,733	4,731	1,766	1998	1996/97
	498,595	263,390	919,699	595,470	265,871	1,512,688	1,778,559	550,071
Industrial Development (d):
FLORIDA
Oak Creek land	—	1,946	—	3,128	2,374	2,700	5,074	—	2005	n/a
Madison land	—	1,189	—	559	1,189	559	1,748	—	2012	n/a
Horizon Commerce Park I	—	991	—	4,310	991	4,310	5,301	—	2008	n/a
Horizon Commerce Park land	—	12,274	—	12,400	12,360	12,314	24,674	—	2008/09	n/a
SunCoast land	—	10,926	—	6,932	11,104	6,754	17,858	—	2006	n/a
TEXAS
North Stemmons land	—	537	—	276	537	276	813	—	2001	n/a
Valwood land	—	404	—	32	416	20	436	—	2012	n/a
World Houston Int'l Business Ctr 37	—	759	—	4,620	759	4,620	5,379	—	2011	2013
World Houston Int'l Business Ctr 39	—	620	—	1,016	620	1,016	1,636	—	2011	n/a
World Houston Int'l Business Ctr 40	—	1,072	—	958	1,072	958	2,030	—	2011	n/a
World Houston Int'l Business Ctr land	—	1,628	—	1,081	1,628	1,081	2,709	—	2000/06	n/a
World Houston Int'l Business Ctr land - expansion	—	4,718	—	7,004	9,540	2,182	11,722	—	2011	n/a
Ten West Crossing 2	—	829	—	3,260	833	3,256	4,089	26	2012	2013
Ten West Crossing 3	—	609	—	3,760	613	3,756	4,369	—	2012	2013
Ten West Crossing 4	—	694	—	2,767	699	2,762	3,461	—	2012	n/a

REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2013 (In thousands, except footnotes)
Description	Encumbrances		Initial Cost to the Company		Costs Capitalized Subsequent to Acquisition	Gross Amount Carried at Close of Period			Accumulated Depreciation	Year Acquired	Year Constructed
			Land	Buildings and Improvements		Land	Buildings and Improvements	Total
Ten West Crossing 5	—		933	—	479	940	472	1,412	—	2012	n/a
Ten West Crossing land	—		2,351	—	866	2,367	850	3,217	—	2012	n/a
Lee Road land	—		3,068	—	2,152	3,822	1,398	5,220	—	2007	n/a
West Road land	—		3,303	—	1,988	3,304	1,987	5,291	—	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 3	—		772	—	3,528	772	3,528	4,300	16	2008	2013
Alamo Ridge land	—		2,288	—	2,232	2,288	2,232	4,520	—	2007	n/a
Thousand Oaks 4	—		753	—	277	753	277	1,030	—	2013	n/a
ARIZONA
Airport Distribution Center II land	—		300	—	117	300	117	417	—	2000	n/a
Kyrene land	—		3,220	—	1,153	3,219	1,154	4,373	—	2011	n/a
Chandler Freeways	—		1,525	—	6,333	1,525	6,333	7,858	—	2012	2013
NORTH CAROLINA
Steele Creek I	—		879	—	3,388	890	3,377	4,267	—	2013	n/a
Steele Creek II	—		879	—	2,462	890	2,451	3,341	—	2013	n/a
Steele Creek land	—		4,058	—	1,876	4,072	1,862	5,934	—	2013	n/a
Airport Commerce Center III land	—		855	—	565	855	565	1,420	—	2008	n/a
COLORADO
Rampart IV (l)	1,198		590	—	1,128	589	1,129	1,718	—	2012	n/a
MISSISSIPPI
Metro Airport Commerce Center II land	—		307	—	399	307	399	706	—	2001	n/a
	1,198		66,642	—	82,125	72,993	75,774	148,767	42
Total real estate owned (a)(b)	$	499,793	330,032	919,699	677,595	338,864	1,588,462	1,927,326	550,113
See accompanying Report of Independent Registered Public Accounting Firm on Financial Statement Schedules.

(a)  Changes in Real Estate Properties follow: 

	Years Ended December 31,
	2013			2012		2011
	(In thousands)
Balance at beginning of year	$	1,768,032		1,662,593		1,521,177
Purchases of real estate properties	65,387			48,934		80,624
Development of real estate properties	76,240			55,404		42,148
Improvements to real estate properties	21,438			18,164		18,686
Carrying amount of investments sold	(3,475		)	(16,756	)	—
Write-off of improvements	(296		)	(307	)	(42	)
Balance at end of year (1)	$	1,927,326		1,768,032		1,662,593

(1) Includes 20% noncontrolling interests in Castilian Research Center of $1,794,000 at December 31, 2013 and $1,794,000 at December 31, 2012 and in University Business Center of $6,496,000 and $6,418,000, respectively.

Changes in the accumulated depreciation on real estate properties follow:

	Years Ended December 31,
	2013			2012		2011
	(In thousands)
Balance at beginning of year	$	496,247		451,805		403,187
Depreciation expense	54,284			51,564		48,648
Accumulated depreciation on assets sold	(126		)	(6,819	)	—
Other	(292		)	(303	)	(30	)
Balance at end of year	$	550,113		496,247		451,805

(b) The estimated aggregate cost of real estate properties at December 31, 2013 for federal income tax purposes was approximately $1,893,741,000 before estimated accumulated tax depreciation of $356,567,000.  The federal income tax return for the year ended December 31, 2013, 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 $59,087,000 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 $57,368,000 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 $59,827,000 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 $50,519,000 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 $26,907,000 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.

(j) EastGroup has a $27,812,000 non-recourse first mortgage loan with an insurance company secured by Country Club I, Lake Pointe, Techway Southwest II, and World Houston 19 & 20.

(k) EastGroup has a $28,833,000 non-recourse first mortgage loan with an insurance company secured by Huntwood and Wiegman.

(l) EastGroup has a $60,131,000 non-recourse first mortgage loan with an insurance company secured by Alamo Downs, Arion 1-15 & 17, Rampart I, II, III & IV, Santan 10, and World Houston 16.

(m) EastGroup has a $61,402,000 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.

(n) EastGroup has a $66,805,000 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.