

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2014 (In thousands)
			Initial Cost to the Company
Description	Encumbrances (1)		Land		Building and Improvements		Subsequent Capitalized Costs		Total Real Estate
Arizona
Hayden Ferry Lakeside I	$	21,887	$	2,871	$	30,428	$	6,769	$	40,068
Hayden Ferry Lakeside II	46,875		3,612		69,246		7,468		80,326
Hayden Ferry Lakeside III, IV, and V	481		9,046		8,561		21,175		38,782
Squaw Peak Corporate Center	—		5,800		35,144		7,520		48,464
Tempe Gateway	—		6,970		45,232		10,054		62,256
Florida
Hillsboro Center V	8,811		1,325		12,249		4,788		18,362
Hillsboro Center I-IV	6,008		1,129		7,734		2,912		11,775
245 Riverside	9,166		6,556		8,049		2,494		17,099
Stein Mart Building	11,041		1,653		16,636		5,725		24,014
Riverplace South	—		2,316		5,412		3,656		11,384
Westshore Corporate Center	14,091		—		17,440		4,467		21,907
Lincoln Place	48,670		—		56,936		5,049		61,985
Deerwood North	43,100		11,904		39,900		6,064		57,868
Deerwood South	41,400		14,026		36,319		6,404		56,749
Bank of America Center	—		8,882		38,595		9,472		56,949
Citrus Center	21,138		4,000		26,712		9,406		40,118
Corporate Center I	—		—		77,992		6,416		84,408
Corporate Center II	—		—		58,493		3,540		62,033
Corporate Center III	—		—		63,630		4,380		68,010
Corporate Center IV	36,000		—		31,773		8,748		40,521
Corporate Center VI Land	—		4,901		—		—		4,901
Cypress Center I – III	—		4,710		12,178		5,047		21,935
Cypress Center IV Land	—		2,900		—		124		3,024
The Pointe	23,500		5,293		30,834		5,872		41,999
JTB Center	—		5,376		21,494		3,993		30,863
Courvoisier Centre	—		48,407		74,738		9,291		132,436
Millenia Park One	—		5,259		16,707		1,698		23,664
One Orlando Centre (2)	54,000		9,828		37,865		5,096		52,789
Georgia
3344 Peachtree	82,907		7,472		127,579		12,002		147,053
Two Ravinia Drive	22,100		3,187		32,945		12,856		48,988
Peachtree Dunwoody Pavilion	25,231		9,373		24,579		10,364		44,316
3350 Peachtree, formerly Capital City Plaza	32,185		3,625		57,218		17,408		78,251
3348 Peachtree, formerly Tower Place 200	—		5,407		45,207		7,994		58,608
The Forum at West Paces	—		3,314		38,577		2,245		44,136
Mississippi
City Centre	—		267		1,677		5,954		7,898
North Carolina
Hearst Tower	—		4,417		200,287		30,146		234,850
NASCAR Plaza	—		—		76,874		12,657		89,531
Pennsylvania
Two Liberty Place	90,200		32,587		97,585		17,700		147,872
Texas
400 North Belt	—		419		10,021		5,714		16,154
One Commerce Green	16,820		489		37,307		5,764		43,560
Comerica Bank Building	12,014		1,921		21,222		5,219		28,362
550 Greens Parkway	—		1,006		8,061		414		9,481
5300 Memorial Building	11,096		682		11,744		4,449		16,875
Town and Country	6,302		436		8,205		4,731		13,372
Phoenix Tower	80,000		9,191		98,183		13,546		120,920
CityWestPlace	208,000		56,785		295,869		35,480		388,134
San Felipe Plaza	109,585		40,347		206,510		16,032		262,889
One Congress Plaza	128,000		33,244		117,785		7,860		158,889
San Jacinto Center	101,000		31,645		116,197		7,097		154,939
Corporate (3)	—		—		34		4,099		4,133
Total Real Estate Owned	$	1,311,608	$	412,578	$	2,513,963	$	407,359	$	3,333,900



SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION - (Continued) DECEMBER 31, 2014 (In thousands)
			Initial Cost to the Company
Description	Encumbrances (1)		Land		Building and Improvements		Subsequent Capitalized Costs		Total Real Estate
Assets Held For Sale:
Raymond James Tower	$	—	$	—	$	9,106	$	2,131	$	11,237
Honeywell Building	—		856		15,235		4,776		20,867
Total Assets Held For Sale	$	—	$	856	$	24,341	$	6,907	$	32,104


(1)	Encumbrances represent face amount of mortgage debt and exclude any premiums or discounts.


(2)	The Company's total assumption of debt from the acquisition of One Orlando Centre was $56.0 million, including $2.0 million of premium. See "Note 8 - Capital and Financing Transactions" to the consolidated financial statements for additional information.


(3)	Represents capitalized assets related to projects currently under development.



SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION – (Continued) DECEMBER 31, 2014 (In thousands)
	Gross Amount at Which
	Carried at Close of Period
Description	Land		Building and Improv		Total		Accum Deprec		Net Book Value of Real Estate		Year Acquired	Year Constructed	Depreciable Lives (Yrs.)
Arizona
Hayden Ferry Lakeside I	$	2,871	$	37,197	$	40,068	$	5,682	$	34,386	2011	2002	(3)
Hayden Ferry Lakeside II	3,612		76,714		80,326		8,160		72,166		2012	2007	(3)
Hayden Ferry Lakeside III, IV, and V	9,046		29,736		38,782		777		38,005		2012	2007	(3)
Squaw Peak Corporate Center	5,800		42,664		48,464		14,154		34,310		2004	1999/2000	(3)
Tempe Gateway	6,970		55,286		62,256		4,598		57,658		2012	2009	(3)
Florida
Hillsboro Center V	1,325		17,037		18,362		7,983		10,379		1998	1985	(3)
Hillsboro Center I-IV	1,129		10,646		11,775		5,036		6,739		1998	1985	(3)
245 Riverside	6,556		10,543		17,099		1,562		15,537		2011	2003	(3)
Stein Mart Building	1,653		22,361		24,014		7,710		16,304		2005	1985	(3)
Riverplace South	2,316		9,068		11,384		3,646		7,738		2005	1981	(3)
Westshore Corporate Center	—		21,907		21,907		2,200		19,707		2012	1988	(3)
Lincoln Place	—		61,985		61,985		1,744		60,241		2013	2002	(3)
Deerwood North	11,904		45,964		57,868		4,457		53,411		2013	1999	(3)
Deerwood South	14,026		42,723		56,749		4,139		52,610		2013	1999	(3)
Bank of America Center	8,882		48,067		56,949		7,801		49,148		2011	1987	(3)
Citrus Center	4,000		36,118		40,118		12,776		27,342		2003	1971	(3)
Corporate Center I	—		84,408		84,408		243		84,165		2014	1999	(3)
Corporate Center II	—		62,033		62,033		191		61,842		2014	2002	(3)
Corporate Center III	—		68,010		68,010		194		67,816		2014	2004	(3)
Corporate Center IV	—		40,521		40,521		6,681		33,840		2011	2008	(3)
Corporate Center VI Land	4,901		—		4,901		—		4,901		2014	n/a	(3)
Cypress Center I – III	4,710		17,225		21,935		4,160		17,775		2011	1982	(3)
Cypress Center IV Land	2,900		124		3,024		—		3,024		2013	n/a	(3)
The Pointe	5,293		36,706		41,999		4,824		37,175		2012	1982	(3)
JTB Center	5,376		25,487		30,863		1,228		29,635		2014	1999-2001	(3)
Courvoisier Centre	48,407		84,029		132,436		2,555		129,881		2014	1986/1990	(3)
Millenia Park One	5,259		18,405		23,664		509		23,155		2014	2000	(3)
One Orlando Centre (2)	9,828		42,961		52,789		1,548		51,241		2014	1987	(3)
Georgia
3344 Peachtree	7,472		139,581		147,053		18,560		128,493		2011	2008	(3)
Two Ravinia Drive	3,187		45,801		48,988		7,504		41,484		2011	1987	(3)
Peachtree Dunwoody Pavilion	9,373		34,943		44,316		11,447		32,869		2003	1976/1980	(3)
3350 Peachtree, formerly Capital City Plaza	3,625		74,626		78,251		18,559		59,692		2004	1989	(3)
3348 Peachtree, formerly Tower Place 200	5,407		53,201		58,608		3,518		55,090		2013	1998	(3)
The Forum at West Paces	3,314		40,822		44,136		475		43,661		2014	2001	(3)
Mississippi
City Centre	267		7,631		7,898		780		7,118		1995	1987/2005 (2)	(3)
North Carolina
Hearst Tower	4,417		230,433		234,850		20,686		214,164		2012	2002	(3)
NASCAR Plaza	—		89,531		89,531		6,440		83,091		2012	2009	(3)
Pennsylvania
Two Liberty Place	32,587		115,285		147,872		18,248		129,624		2011	1990	(3)
Texas
400 North Belt	419		15,735		16,154		6,627		9,527		1996	1982	(3)
One Commerce Green	489		43,071		43,560		20,478		23,082		1997	1983	(3)
Comerica Bank Building	1,921		26,441		28,362		11,644		16,718		1998	1983	(3)
550 Greens Parkway	1,006		8,475		9,481		3,074		6,407		2001	1999	(3)
5300 Memorial Building	682		16,193		16,875		6,314		10,561		2002	1982	(3)
Town and Country	436		12,936		13,372		5,229		8,143		2002	1982	(3)
Phoenix Tower	9,191		111,729		120,920		9,241		111,679		2012	1984/2011	(3)
CityWestPlace	56,785		331,349		388,134		16,123		372,011		2013	1993-2001	(3)
San Felipe Plaza	40,347		222,542		262,889		8,584		254,305		2013	1984	(3)
One Congress Plaza	33,244		125,645		158,889		411		158,478		2014	1987	(3)
San Jacinto Center	31,645		123,294		154,939		360		154,579		2014	1987	(3)
Corporate (2)	—		4,133		4,133		769		3,364		2014	various	n/a
Total Real Estate Owned (5)	$	412,578	$	2,921,322	$	3,333,900	$	309,629	$	3,024,271



SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION – (Continued) DECEMBER 31, 2014 (In thousands)
	Gross Amount at Which
	Carried at Close of Period
Description	Land		Building and Improv		Total		Accum Deprec		Net Book Value of Real Estate		Year Acquired	Year Constructed	Depreciable Lives (Yrs.)
Assets Held For Sale:
Raymond James Tower	$	—	$	11,237	$	11,237	$	2,248	$	8,989	1997	1985
Honeywell Building	856		20,011		20,867		8,513		12,354		1997	1983
Total Assets Held For Sale	$	856	$	31,248	$	32,104	$	10,761	$	21,343


(1)	The aggregate cost for federal income tax purposes was approximately $3.3 billion (unaudited) and does not include Corporate Center I and Corporate Center III .


(2)	Represents capitalized assets related to projects currently under development.


(3)	Depreciation of buildings and improvements is calculated over lives ranging from the life of the lease to 40 years.


(4)	The dates of major renovations.


(5)	At December 31, 2014, Raymond James Tower and Honeywell were held for sale and are not included in Schedule III. The GAAP net book value for Raymond James Tower and Honeywell were $9.0 million and $12.4 million, respectively. The tax net book value for Raymond James Tower and Honeywell were $40.9 million and $20.9 million, respectively (Unaudited).