SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2012 (In thousands)

			Initial Cost to the Company				Subsequent
					Building and		Capitalized		Total
Description	Encumbrances		Land		Improvements		Costs		Real Estate
Office and Parking Properties:
Arizona
Hayden Ferry Lakeside I	$	22,000	$	2,871	$	30,430	$	5,565	$	38,866
Hayden Ferry Lakeside II		48,125		3,612		69,248		4,301		77,161
Hayden Ferry Lakeside III, IV, and V		-		9,046		8,561		405		18,012
Squaw Peak Corporate Center		-		5,800		35,144		6,966		47,910
Mesa Corporate Center		-		3,353		15,243		1,290		19,886
Tempe Gateway		-		6,937		46,170		6,164		59,271
Florida
Hillsboro Center V		9,412		1,325		12,249		3,655		17,229
Hillsboro Center I-IV		6,417		1,129		7,734		2,837		11,700
245 Riverside		9,250		6,556		8,050		1,305		15,911
Stein Mart Building		11,517		1,653		16,636		4,932		23,221
Riverplace South		-		2,316		5,412		2,938		10,666
Westshore Corporate Center		15,646		-		17,532		2,219		19,751
Bank of America Center		33,875		8,882		38,598		7,204		54,684
Citrus Center		22,034		4,000		26,712		7,243		37,955
Corporate Center Four at International Plaza		22,500		-		31,775		7,803		39,578
Cypress Center I – III		12,088		4,710		12,180		4,169		21,059
The Pointe		23,500		5,293		30,836		4,518		40,647
Georgia
Lakewood II		-		1,195		575		1,216		2,986
3344 Peachtree		84,733		7,472		127,583		10,468		145,523
Two Ravinia Drive		22,100		3,187		32,948		7,493		43,628
Waterstone		-		859		7,207		1,538		9,604
Meridian		-		994		9,547		3,467		14,008
Peachtree Dunwoody Pavilion		26,953		9,373		24,579		7,922		41,874
Capital City Plaza		33,489		3,625		57,218		4,796		65,639
Mississippi
City Centre		-		267		1,676		5,949		7,892
North Carolina
Carmel Crossing		10,000		4,541		13,340		4,430		22,311
Hearst Tower		-		4,417		200,287		19,923		224,627
525 North Tryon		-		5,108		34,103		6,422		45,633
NASCAR Plaza		42,977		-		76,790		10,560		87,350
Pennsylvania
Two Liberty Place		90,200		32,587		97,593		17,140		147,320
South Carolina
Atrium at Stoneridge		-		155		1,388		1,739		3,282
Tennessee
Morgan Keegan Tower		10,419		-		18,588		4,236		22,824
Bank of America Plaza		-		1,464		28,712		11,700		41,876
Texas
400 North Belt		-		419		10,021		3,841		14,281
Woodbranch		-		303		3,805		2,931		7,039
Honeywell		-		856		15,235		4,360		20,451
Schlumberger		-		1,013		11,102		4,629		16,744
One Commerce Green		17,968		489		37,307		5,751		43,547
Comerica Bank Building		12,834		1,921		21,222		3,526		26,669
550 Greens Parkway		-		1,006		8,061		440		9,507
5300 Memorial Building		11,387		682		11,744		3,643		16,069
Town and Country		6,465		436		8,205		4,170		12,811
Phoenix Tower		-		9,187		98,147		8,230		115,564
Total Real Estate Owned	$	605,889	$	159,039	$	1,369,493	$	234,034	$	1,762,566

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION – (Continued) DECEMBER 31, 2012 (In thousands)

	Gross Amount at Which
	Carried at Close of Period
			Bldg. and				Accum.		Net Book Value		Year		Year		Depreciable
Description	Land		Imprv.		Total		Depr.		of Real Estate		Acquired		Constructed		Lives (Yrs.)
Office and Parking Properties:
Arizona
Hayden Ferry Lakeside I	$	2,871	$	35,995	$	38,866	$	2,443	$	36,423		2011		2002		(3	)
Hayden Ferry Lakeside II		3,612		73,549		77,161		2,617		74,544		2012		2007		(3	)
Hayden Ferry Lakeside III, IV, and V		9,046		8,966		18,012		90		17,922		2012		2007		(3	)
Squaw Peak Corporate Center		5,800		42,110		47,910		11,007		36,903		2004		1999/2000		(3	)
Mesa Corporate Center		3,353		16,533		19,886		3,636		16,250		2005		2000		(3	)
Tempe Gateway		6,937		52,334		59,271		2		59,269		2012		2009		(3	)
Florida
Hillsboro Center V		1,325		15,904		17,229		6,611		10,618		1998		1985		(3	)
Hillsboro Center I-IV		1,129		10,571		11,700		4,083		7,617		1998		1985		(3	)
245 Riverside		6,556		9,355		15,911		601		15,310		2011		2003		(3	)
Stein Mart Building		1,653		21,568		23,221		6,270		16,951		2005		1985		(3	)
Riverplace South		2,316		8,350		10,666		2,924		7,742		2005		1981		(3	)
Westshore Corporate Center		-		19,751		19,751		161		19,590		2012		1988		(3	)
Bank of America Center		8,882		45,802		54,684		3,311		51,373		2011		1987		(3	)
Citrus Center		4,000		33,955		37,955		10,170		27,785		2003		1971		(3	)
Corporate Center Four at International Plaza		-		39,578		39,578		2,897		36,681		2011		2008		(3	)
Cypress Center I – III		4,710		16,349		21,059		2,183		18,876		2011		1982		(3	)
The Pointe		5,293		35,354		40,647		1,540		39,107		2012		1982		(3	)
Georgia
Lakewood II		1,195		1,791		2,986		193		2,793		2010		1986		(3	)
3344 Peachtree		7,472		138,051		145,523		9,232		136,291		2011		2008		(3	)
Two Ravinia Drive		3,187		40,441		43,628		3,154		40,474		2011		1987		(3	)
Waterstone		859		8,745		9,604		3,967		5,637		1995		1987		(3	)
Meridian		994		13,014		14,008		5,762		8,246		1997		1985		(3	)
Peachtree Dunwoody Pavilion		9,373		32,501		41,874		8,236		33,638		2003		1976/1980		(3	)
Capital City Plaza		3,625		62,014		65,639		14,614		51,025		2004		1989		(3	)
Mississippi
City Centre		267		7,625		7,892		-		7,892		1995		(2) 1987/2005		(3	)
North Carolina
Carmel Crossing		4,541		17,770		22,311		2,386		19,925		2010		1995		(3	)
Hearst Tower		4,417		220,210		224,627		4,614		220,013		2012		2002		(3	)
525 North Tryon		5,108		40,525		45,633		188		45,445		2012		1998		(3	)
NASCAR Plaza		-		87,350		87,350		2		87,348		2012		2009		(3	)
Pennsylvania
Two Liberty Place		32,587		114,733		147,320		8,144		139,176		2011		1990		(3	)
South Carolina
Atrium at Stoneridge		155		3,127		3,282		1,086		2,196		1998		1986		(3	)
Tennessee
Morgan Keegan Tower		-		22,824		22,824		826		21,998		1997		1985		(3	)
Bank of America Plaza		1,464		40,412		41,876		14,407		27,469		2001		1977		(3	)
Texas
400 North Belt		419		13,862		14,281		5,162		9,119		1996		1982		(3	)
Woodbranch		303		6,736		7,039		3,179		3,860		1996		1982		(3	)
Honeywell		856		19,595		20,451		7,093		13,358		1997		1983		(3	)
Schlumberger		1,013		15,731		16,744		7,747		8,997		1998		1983		(3	)
One Commerce Green		489		43,058		43,547		17,871		25,676		1998		1983		(3	)
Comerica Bank Building		1,921		24,748		26,669		9,765		16,904		1998		1983		(3	)
550 Greens Parkway		1,006		8,501		9,507		2,632		6,875		2001		1999		(3	)
5300 Memorial Building		682		15,387		16,069		5,152		10,917		2002		1982		(3	)
Town and Country		436		12,375		12,811		3,889		8,922		2002		1982		(3	)
Phoenix Tower		9,187		106,377		115,564		2		115,562		2012		1984/2011		(3	)
Total Real Estate Owned	$	159,039	$	1,603,527	$	1,762,566	$	199,849	$	1,562,717
(1)The aggregate cost for federal income tax purposes was approximately $2.4 billion (unaudited).
(2)The dates of major renovations.
(3)Depreciation of buildings and improvements is calculated over lives ranging from the life of the lease to 40 years.

NOTE TO SCHEDULE III

At December 31, 2012, 2011 and 2010

(In thousands)

A summary of activity for real estate and accumulated depreciation is as follows:

	December 31
	2012			2011			2010
Real Estate:
Office and Parking Properties:
Balance at beginning of year	$	1,084,060		$	1,755,919			1,738,649
Additions:
Acquisitions and improvements		710,642			535,249			64,968
Impairment on land held for development		-			(609	)		-
Real estate sold, disposed, impaired or held for sale		(32,136	)		(1,206,499	)		(47,698	)
Balance at close of year	$	1,762,566		$	1,084,060			1,755,919

Accumulated Depreciation
Balance at beginning of year	$	162,123		$	366,152		$	336,759
Depreciation expense		50,421			32,971			19,859
Depreciation expense - discontinued operations		316			43,578			47,788
Real estate sold, disposed, impaired or held for sale		(13,011	)		(280,578	)		(38,254	)
Balance at close of year	$	199,849		$	162,123		$	366,152