SCHEDULE III — REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2018
Real Estate and Accumulated Depreciation
Encumbrances				$ 601,227
Initial Costs, Land and Land Improvements				1,817,362
Initial Costs, Buildings and Improvements				5,123,363
Total Initial Acquisition Costs				6,940,725
Costs of Improvements Capitalized Subsequent to Acquisition Costs				3,255,434
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				2,063,023
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				8,133,136
Total Carrying Value	$ 10,177,206	$ 9,615,753	$ 9,190,276	10,196,159
Accumulated Depreciation	3,330,166	2,923,625	2,646,874	3,654,160
Aggregate cost for federal income tax purposes				9,200,000
Reconciliation of the carrying amount of total real estate owned
Balance at beginning of the year	10,177,206	9,615,753	9,190,276
Real estate acquired		235,993	324,104
Capital expenditures and development	214,898	369,029	339,813
Real estate sold	(195,945)	(43,569)	(238,440)
Balance at end of the year	10,196,159	10,177,206	9,615,753
Reconciliation of total accumulated depreciation for real estate owned
Balance at beginning of the year	3,330,166	2,923,625	2,646,874
Depreciation expense for the year	426,006	424,772	398,904
Accumulated depreciation on sales	(102,012)	(18,231)	(122,153)
Balance at end of year	$ 3,654,160	$ 3,330,166	$ 2,923,625
Minimum
Real Estate and Accumulated Depreciation
Depreciable life for all buildings	35 years
Maximum
Real Estate and Accumulated Depreciation
Depreciable life for all buildings	55 years
Land
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				45,236
Total Initial Acquisition Costs				45,236
Costs of Improvements Capitalized Subsequent to Acquisition Costs				22,498
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				52,301
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				15,433
Total Carrying Value	$ 67,734			67,734
Accumulated Depreciation	2,638			2,638
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	67,734
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	2,638
Land | 7 Harcourt
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				884
Total Initial Acquisition Costs				884
Costs of Improvements Capitalized Subsequent to Acquisition Costs				5,858
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				804
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				5,938
Total Carrying Value	6,742			6,742
Accumulated Depreciation	268			268
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	6,742
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	268
Land | Vitruvian Park®
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				4,325
Total Initial Acquisition Costs				4,325
Costs of Improvements Capitalized Subsequent to Acquisition Costs				9,322
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				11,373
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				2,274
Total Carrying Value	13,647			13,647
Accumulated Depreciation	2,370			2,370
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	13,647
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	2,370
Land | Wilshire at LaJolla
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				31,105
Total Initial Acquisition Costs				31,105
Costs of Improvements Capitalized Subsequent to Acquisition Costs				97
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				31,202
Total Carrying Value	31,202			31,202
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	31,202
Land | Dublin Land
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				8,922
Total Initial Acquisition Costs				8,922
Costs of Improvements Capitalized Subsequent to Acquisition Costs				7,221
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				8,922
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				7,221
Total Carrying Value	16,143			16,143
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	16,143
COMMERCIAL
Real Estate and Accumulated Depreciation
Costs of Improvements Capitalized Subsequent to Acquisition Costs				28,604
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				7,798
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				20,806
Total Carrying Value	28,604			28,604
Accumulated Depreciation	14,052			14,052
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	28,604
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	14,052
COMMERCIAL | Brookhaven Shopping Center
Real Estate and Accumulated Depreciation
Costs of Improvements Capitalized Subsequent to Acquisition Costs				28,604
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				7,798
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				20,806
Total Carrying Value	28,604			28,604
Accumulated Depreciation	14,052			14,052
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	28,604
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	14,052
TOTAL CORPORATE
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				3,034
Initial Costs, Buildings and Improvements				20,534
Total Initial Acquisition Costs				23,568
Costs of Improvements Capitalized Subsequent to Acquisition Costs				5,936
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				3,035
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				26,469
Total Carrying Value	29,504			29,504
Accumulated Depreciation	2,907			2,907
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	29,504
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	2,907
TOTAL CORPORATE | Other
Real Estate and Accumulated Depreciation
Costs of Improvements Capitalized Subsequent to Acquisition Costs				4,604
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				4,604
Total Carrying Value	4,604			4,604
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	4,604
TOTAL CORPORATE | 1745 Shea Center I
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				3,034
Initial Costs, Buildings and Improvements				20,534
Total Initial Acquisition Costs				23,568
Costs of Improvements Capitalized Subsequent to Acquisition Costs				1,332
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				3,035
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				21,865
Total Carrying Value	24,900			24,900
Accumulated Depreciation	2,907			2,907
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	24,900
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	2,907
TOTAL COMMERCIAL & CORPORATE
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				3,034
Initial Costs, Buildings and Improvements				20,534
Total Initial Acquisition Costs				23,568
Costs of Improvements Capitalized Subsequent to Acquisition Costs				34,540
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				10,833
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				47,275
Total Carrying Value	58,108			58,108
Accumulated Depreciation	16,959			16,959
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	58,108
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	16,959
TOTAL OPERATING COMMUNITIES
Real Estate and Accumulated Depreciation
Encumbrances				602,689
Initial Costs, Land and Land Improvements				1,769,092
Initial Costs, Buildings and Improvements				5,102,829
Total Initial Acquisition Costs				6,871,921
Costs of Improvements Capitalized Subsequent to Acquisition Costs				3,198,396
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				1,999,889
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				8,070,428
Total Carrying Value	10,070,317			10,070,317
Accumulated Depreciation	3,634,563			3,634,563
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	10,070,317
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	3,634,563
WEST REGION
Real Estate and Accumulated Depreciation
Encumbrances				169,610
Initial Costs, Land and Land Improvements				889,180
Initial Costs, Buildings and Improvements				1,803,951
Total Initial Acquisition Costs				2,693,131
Costs of Improvements Capitalized Subsequent to Acquisition Costs				1,432,923
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				971,200
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				3,154,854
Total Carrying Value	4,126,054			4,126,054
Accumulated Depreciation	1,470,066			1,470,066
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	4,126,054
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	1,470,066
ORANGE COUNTY, CA
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				411,385
Initial Costs, Buildings and Improvements				330,038
Total Initial Acquisition Costs				741,423
Costs of Improvements Capitalized Subsequent to Acquisition Costs				734,475
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				448,575
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				1,027,323
Total Carrying Value	1,475,898			1,475,898
Accumulated Depreciation	429,469			429,469
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	1,475,898
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	429,469
ORANGE COUNTY, CA | Harbor at Mesa Verde
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				20,476
Initial Costs, Buildings and Improvements				28,538
Total Initial Acquisition Costs				49,014
Costs of Improvements Capitalized Subsequent to Acquisition Costs				20,382
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				22,134
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				47,262
Total Carrying Value	69,396			69,396
Accumulated Depreciation	33,329			33,329
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	69,396
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	33,329
ORANGE COUNTY, CA | 27 Seventy Five Mesa Verde
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				99,329
Initial Costs, Buildings and Improvements				110,644
Total Initial Acquisition Costs				209,973
Costs of Improvements Capitalized Subsequent to Acquisition Costs				100,725
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				114,336
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				196,362
Total Carrying Value	310,698			310,698
Accumulated Depreciation	128,098			128,098
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	310,698
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	128,098
ORANGE COUNTY, CA | Huntington Vista
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				8,055
Initial Costs, Buildings and Improvements				22,486
Total Initial Acquisition Costs				30,541
Costs of Improvements Capitalized Subsequent to Acquisition Costs				14,690
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				9,223
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				36,008
Total Carrying Value	45,231			45,231
Accumulated Depreciation	24,328			24,328
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	45,231
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	24,328
ORANGE COUNTY, CA | Missions at Back Bay
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				229
Initial Costs, Buildings and Improvements				14,129
Total Initial Acquisition Costs				14,358
Costs of Improvements Capitalized Subsequent to Acquisition Costs				3,589
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				10,988
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				6,959
Total Carrying Value	17,947			17,947
Accumulated Depreciation	5,136			5,136
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	17,947
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	5,136
ORANGE COUNTY, CA | Eight 80 Newport Beach - North
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				62,516
Initial Costs, Buildings and Improvements				46,082
Total Initial Acquisition Costs				108,598
Costs of Improvements Capitalized Subsequent to Acquisition Costs				42,316
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				68,320
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				82,594
Total Carrying Value	150,914			150,914
Accumulated Depreciation	55,777			55,777
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	150,914
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	55,777
ORANGE COUNTY, CA | Eight 80 Newport Beach - South
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				58,785
Initial Costs, Buildings and Improvements				50,067
Total Initial Acquisition Costs				108,852
Costs of Improvements Capitalized Subsequent to Acquisition Costs				34,335
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				60,914
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				82,273
Total Carrying Value	143,187			143,187
Accumulated Depreciation	52,441			52,441
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	143,187
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	52,441
ORANGE COUNTY, CA | Foxborough
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				12,071
Initial Costs, Buildings and Improvements				6,187
Total Initial Acquisition Costs				18,258
Costs of Improvements Capitalized Subsequent to Acquisition Costs				4,278
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				12,479
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				10,057
Total Carrying Value	22,536			22,536
Accumulated Depreciation	6,819			6,819
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	22,536
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	6,819
ORANGE COUNTY, CA | 1818 Platinum Triangle
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				16,663
Initial Costs, Buildings and Improvements				51,905
Total Initial Acquisition Costs				68,568
Costs of Improvements Capitalized Subsequent to Acquisition Costs				2,949
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				16,962
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				54,555
Total Carrying Value	71,517			71,517
Accumulated Depreciation	27,099			27,099
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	71,517
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	27,099
ORANGE COUNTY, CA | Beach & Ocean
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				12,878
Total Initial Acquisition Costs				12,878
Costs of Improvements Capitalized Subsequent to Acquisition Costs				39,084
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				13,094
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				38,868
Total Carrying Value	51,962			51,962
Accumulated Depreciation	10,373			10,373
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	51,962
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	10,373
ORANGE COUNTY, CA | The Residences at Bella Terra
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				25,000
Total Initial Acquisition Costs				25,000
Costs of Improvements Capitalized Subsequent to Acquisition Costs				127,395
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				25,460
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				126,935
Total Carrying Value	152,395			152,395
Accumulated Depreciation	43,541			43,541
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	152,395
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	43,541
ORANGE COUNTY, CA | Los Alisos at Mission Viejo
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				17,298
Total Initial Acquisition Costs				17,298
Costs of Improvements Capitalized Subsequent to Acquisition Costs				70,730
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				16,525
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				71,503
Total Carrying Value	88,028			88,028
Accumulated Depreciation	22,756			22,756
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	88,028
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	22,756
ORANGE COUNTY, CA | The Residences at Pacific City
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				78,085
Total Initial Acquisition Costs				78,085
Costs of Improvements Capitalized Subsequent to Acquisition Costs				274,002
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				78,140
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				273,947
Total Carrying Value	352,087			352,087
Accumulated Depreciation	19,772			19,772
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	352,087
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	19,772
SAN FRANCISCO, CA
Real Estate and Accumulated Depreciation
Encumbrances				27,000
Initial Costs, Land and Land Improvements				145,665
Initial Costs, Buildings and Improvements				414,240
Total Initial Acquisition Costs				559,905
Costs of Improvements Capitalized Subsequent to Acquisition Costs				308,702
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				151,367
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				717,240
Total Carrying Value	868,607			868,607
Accumulated Depreciation	385,547			385,547
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	868,607
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	385,547
SAN FRANCISCO, CA | 2000 Post Street
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				9,861
Initial Costs, Buildings and Improvements				44,578
Total Initial Acquisition Costs				54,439
Costs of Improvements Capitalized Subsequent to Acquisition Costs				35,069
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				14,363
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				75,145
Total Carrying Value	89,508			89,508
Accumulated Depreciation	40,523			40,523
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	89,508
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	40,523
SAN FRANCISCO, CA | Birch Creek
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				4,365
Initial Costs, Buildings and Improvements				16,696
Total Initial Acquisition Costs				21,061
Costs of Improvements Capitalized Subsequent to Acquisition Costs				8,868
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				1,178
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				28,751
Total Carrying Value	29,929			29,929
Accumulated Depreciation	16,687			16,687
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	29,929
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	16,687
SAN FRANCISCO, CA | Highlands Of Marin
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				5,996
Initial Costs, Buildings and Improvements				24,868
Total Initial Acquisition Costs				30,864
Costs of Improvements Capitalized Subsequent to Acquisition Costs				28,149
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				7,889
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				51,124
Total Carrying Value	59,013			59,013
Accumulated Depreciation	35,474			35,474
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	59,013
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	35,474
SAN FRANCISCO, CA | Marina Playa
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				6,224
Initial Costs, Buildings and Improvements				23,916
Total Initial Acquisition Costs				30,140
Costs of Improvements Capitalized Subsequent to Acquisition Costs				13,136
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				1,202
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				42,074
Total Carrying Value	43,276			43,276
Accumulated Depreciation	23,280			23,280
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	43,276
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	23,280
SAN FRANCISCO, CA | River Terrace
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				22,161
Initial Costs, Buildings and Improvements				40,137
Total Initial Acquisition Costs				62,298
Costs of Improvements Capitalized Subsequent to Acquisition Costs				6,496
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				22,839
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				45,955
Total Carrying Value	68,794			68,794
Accumulated Depreciation	30,364			30,364
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	68,794
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	30,364
SAN FRANCISCO, CA | CitySouth
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				14,031
Initial Costs, Buildings and Improvements				30,537
Total Initial Acquisition Costs				44,568
Costs of Improvements Capitalized Subsequent to Acquisition Costs				37,297
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				16,422
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				65,443
Total Carrying Value	81,865			81,865
Accumulated Depreciation	45,864			45,864
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	81,865
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	45,864
SAN FRANCISCO, CA | Bay Terrace
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				8,545
Initial Costs, Buildings and Improvements				14,458
Total Initial Acquisition Costs				23,003
Costs of Improvements Capitalized Subsequent to Acquisition Costs				6,139
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				11,580
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				17,562
Total Carrying Value	29,142			29,142
Accumulated Depreciation	11,590			11,590
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	29,142
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	11,590
SAN FRANCISCO, CA | Highlands of Marin Phase II
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				5,353
Initial Costs, Buildings and Improvements				18,559
Total Initial Acquisition Costs				23,912
Costs of Improvements Capitalized Subsequent to Acquisition Costs				11,243
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				5,772
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				29,383
Total Carrying Value	35,155			35,155
Accumulated Depreciation	19,339			19,339
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	35,155
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	19,339
SAN FRANCISCO, CA | Edgewater
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				30,657
Initial Costs, Buildings and Improvements				83,872
Total Initial Acquisition Costs				114,529
Costs of Improvements Capitalized Subsequent to Acquisition Costs				12,097
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				30,753
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				95,873
Total Carrying Value	126,626			126,626
Accumulated Depreciation	54,012			54,012
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	126,626
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	54,012
SAN FRANCISCO, CA | Almaden Lake Village
Real Estate and Accumulated Depreciation
Encumbrances				27,000
Initial Costs, Land and Land Improvements				594
Initial Costs, Buildings and Improvements				42,515
Total Initial Acquisition Costs				43,109
Costs of Improvements Capitalized Subsequent to Acquisition Costs				8,134
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				923
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				50,320
Total Carrying Value	51,243			51,243
Accumulated Depreciation	30,153			30,153
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	51,243
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	30,153
SAN FRANCISCO, CA | 388 Beale
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				14,253
Initial Costs, Buildings and Improvements				74,104
Total Initial Acquisition Costs				88,357
Costs of Improvements Capitalized Subsequent to Acquisition Costs				11,524
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				14,588
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				85,293
Total Carrying Value	99,881			99,881
Accumulated Depreciation	37,183			37,183
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	99,881
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	37,183
SAN FRANCISCO, CA | Channel @ Mission Bay
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				23,625
Total Initial Acquisition Costs				23,625
Costs of Improvements Capitalized Subsequent to Acquisition Costs				130,550
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				23,858
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				130,317
Total Carrying Value	154,175			154,175
Accumulated Depreciation	41,078			41,078
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	154,175
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	41,078
SEATTLE, WA
Real Estate and Accumulated Depreciation
Encumbrances				74,910
Initial Costs, Land and Land Improvements				134,705
Initial Costs, Buildings and Improvements				783,698
Total Initial Acquisition Costs				918,403
Costs of Improvements Capitalized Subsequent to Acquisition Costs				74,884
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				140,971
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				852,316
Total Carrying Value	993,287			993,287
Accumulated Depreciation	311,071			311,071
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	993,287
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	311,071
SEATTLE, WA | Crowne Pointe
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				2,486
Initial Costs, Buildings and Improvements				6,437
Total Initial Acquisition Costs				8,923
Costs of Improvements Capitalized Subsequent to Acquisition Costs				8,830
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				3,134
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				14,619
Total Carrying Value	17,753			17,753
Accumulated Depreciation	9,884			9,884
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	17,753
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	9,884
SEATTLE, WA | Hilltop
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				2,174
Initial Costs, Buildings and Improvements				7,408
Total Initial Acquisition Costs				9,582
Costs of Improvements Capitalized Subsequent to Acquisition Costs				5,908
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				2,999
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				12,491
Total Carrying Value	15,490			15,490
Accumulated Depreciation	8,574			8,574
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	15,490
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	8,574
SEATTLE, WA | The Hawthorne
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				6,474
Initial Costs, Buildings and Improvements				30,226
Total Initial Acquisition Costs				36,700
Costs of Improvements Capitalized Subsequent to Acquisition Costs				7,367
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				7,087
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				36,980
Total Carrying Value	44,067			44,067
Accumulated Depreciation	24,741			24,741
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	44,067
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	24,741
SEATTLE, WA | The Kennedy
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				6,179
Initial Costs, Buildings and Improvements				22,307
Total Initial Acquisition Costs				28,486
Costs of Improvements Capitalized Subsequent to Acquisition Costs				2,996
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				6,287
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				25,195
Total Carrying Value	31,482			31,482
Accumulated Depreciation	16,222			16,222
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	31,482
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	16,222
SEATTLE, WA | Hearthstone at Merrill Creek
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				6,848
Initial Costs, Buildings and Improvements				30,922
Total Initial Acquisition Costs				37,770
Costs of Improvements Capitalized Subsequent to Acquisition Costs				6,339
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				7,264
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				36,845
Total Carrying Value	44,109			44,109
Accumulated Depreciation	21,884			21,884
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	44,109
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	21,884
SEATTLE, WA | Island Square
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				21,284
Initial Costs, Buildings and Improvements				89,389
Total Initial Acquisition Costs				110,673
Costs of Improvements Capitalized Subsequent to Acquisition Costs				6,929
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				21,660
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				95,942
Total Carrying Value	117,602			117,602
Accumulated Depreciation	55,430			55,430
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	117,602
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	55,430
SEATTLE, WA | Borgata
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				6,379
Initial Costs, Buildings and Improvements				24,569
Total Initial Acquisition Costs				30,948
Costs of Improvements Capitalized Subsequent to Acquisition Costs				5,244
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				6,443
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				29,749
Total Carrying Value	36,192			36,192
Accumulated Depreciation	17,528			17,528
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	36,192
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	17,528
SEATTLE, WA | elements too
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				27,468
Initial Costs, Buildings and Improvements				72,036
Total Initial Acquisition Costs				99,504
Costs of Improvements Capitalized Subsequent to Acquisition Costs				18,495
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				30,301
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				87,698
Total Carrying Value	117,999			117,999
Accumulated Depreciation	58,588			58,588
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	117,999
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	58,588
SEATTLE, WA | 989elements
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				8,541
Initial Costs, Buildings and Improvements				45,990
Total Initial Acquisition Costs				54,531
Costs of Improvements Capitalized Subsequent to Acquisition Costs				3,901
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				8,657
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				49,775
Total Carrying Value	58,432			58,432
Accumulated Depreciation	25,129			25,129
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	58,432
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	25,129
SEATTLE, WA | Lightbox
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				6,449
Initial Costs, Buildings and Improvements				38,884
Total Initial Acquisition Costs				45,333
Costs of Improvements Capitalized Subsequent to Acquisition Costs				962
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				6,473
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				39,822
Total Carrying Value	46,295			46,295
Accumulated Depreciation	11,163			11,163
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	46,295
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	11,163
SEATTLE, WA | Waterscape
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				9,693
Initial Costs, Buildings and Improvements				65,176
Total Initial Acquisition Costs				74,869
Costs of Improvements Capitalized Subsequent to Acquisition Costs				2,950
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				9,771
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				68,048
Total Carrying Value	77,819			77,819
Accumulated Depreciation	16,832			16,832
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	77,819
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	16,832
SEATTLE, WA | Ashton Bellevue
Real Estate and Accumulated Depreciation
Encumbrances				47,320
Initial Costs, Land and Land Improvements				8,287
Initial Costs, Buildings and Improvements				124,939
Total Initial Acquisition Costs				133,226
Costs of Improvements Capitalized Subsequent to Acquisition Costs				2,226
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				8,380
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				127,072
Total Carrying Value	135,452			135,452
Accumulated Depreciation	15,831			15,831
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	135,452
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	15,831
SEATTLE, WA | TEN20
Real Estate and Accumulated Depreciation
Encumbrances				27,590
Initial Costs, Land and Land Improvements				5,247
Initial Costs, Buildings and Improvements				76,587
Total Initial Acquisition Costs				81,834
Costs of Improvements Capitalized Subsequent to Acquisition Costs				2,248
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				5,292
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				78,790
Total Carrying Value	84,082			84,082
Accumulated Depreciation	9,850			9,850
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	84,082
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	9,850
SEATTLE, WA | Milehouse
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				5,976
Initial Costs, Buildings and Improvements				63,041
Total Initial Acquisition Costs				69,017
Costs of Improvements Capitalized Subsequent to Acquisition Costs				298
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				5,995
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				63,320
Total Carrying Value	69,315			69,315
Accumulated Depreciation	8,734			8,734
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	69,315
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	8,734
SEATTLE, WA | CityLine
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				11,220
Initial Costs, Buildings and Improvements				85,787
Total Initial Acquisition Costs				97,007
Costs of Improvements Capitalized Subsequent to Acquisition Costs				191
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				11,228
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				85,970
Total Carrying Value	97,198			97,198
Accumulated Depreciation	10,681			10,681
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	97,198
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	10,681
LOS ANGELES, CA
Real Estate and Accumulated Depreciation
Encumbrances				67,700
Initial Costs, Land and Land Improvements				151,833
Initial Costs, Buildings and Improvements				156,492
Total Initial Acquisition Costs				308,325
Costs of Improvements Capitalized Subsequent to Acquisition Costs				145,978
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				161,019
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				293,284
Total Carrying Value	454,303			454,303
Accumulated Depreciation	164,965			164,965
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	454,303
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	164,965
LOS ANGELES, CA | Rosebeach
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				8,414
Initial Costs, Buildings and Improvements				17,449
Total Initial Acquisition Costs				25,863
Costs of Improvements Capitalized Subsequent to Acquisition Costs				5,140
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				8,807
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				22,196
Total Carrying Value	31,003			31,003
Accumulated Depreciation	15,645			15,645
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	31,003
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	15,645
LOS ANGELES, CA | Tierra Del Rey
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				39,586
Initial Costs, Buildings and Improvements				36,679
Total Initial Acquisition Costs				76,265
Costs of Improvements Capitalized Subsequent to Acquisition Costs				7,627
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				39,769
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				44,123
Total Carrying Value	83,892			83,892
Accumulated Depreciation	25,461			25,461
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	83,892
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	25,461
LOS ANGELES, CA | The Westerly
Real Estate and Accumulated Depreciation
Encumbrances				67,700
Initial Costs, Land and Land Improvements				48,182
Initial Costs, Buildings and Improvements				102,364
Total Initial Acquisition Costs				150,546
Costs of Improvements Capitalized Subsequent to Acquisition Costs				40,209
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				50,875
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				139,880
Total Carrying Value	190,755			190,755
Accumulated Depreciation	76,018			76,018
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	190,755
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	76,018
LOS ANGELES, CA | Jefferson at Marina del Rey
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				55,651
Total Initial Acquisition Costs				55,651
Costs of Improvements Capitalized Subsequent to Acquisition Costs				93,002
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				61,568
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				87,085
Total Carrying Value	148,653			148,653
Accumulated Depreciation	47,841			47,841
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	148,653
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	47,841
MONTEREY PENINSULA, CA
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				16,938
Initial Costs, Buildings and Improvements				68,384
Total Initial Acquisition Costs				85,322
Costs of Improvements Capitalized Subsequent to Acquisition Costs				92,365
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				29,029
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				148,658
Total Carrying Value	177,687			177,687
Accumulated Depreciation	89,896			89,896
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	177,687
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	89,896
MONTEREY PENINSULA, CA | Boronda Manor
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				1,946
Initial Costs, Buildings and Improvements				8,982
Total Initial Acquisition Costs				10,928
Costs of Improvements Capitalized Subsequent to Acquisition Costs				10,652
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				3,310
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				18,270
Total Carrying Value	21,580			21,580
Accumulated Depreciation	11,146			11,146
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	21,580
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	11,146
MONTEREY PENINSULA, CA | Garden Court
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				888
Initial Costs, Buildings and Improvements				4,188
Total Initial Acquisition Costs				5,076
Costs of Improvements Capitalized Subsequent to Acquisition Costs				6,189
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				1,601
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				9,664
Total Carrying Value	11,265			11,265
Accumulated Depreciation	6,023			6,023
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	11,265
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	6,023
MONTEREY PENINSULA, CA | Cambridge Court
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				3,039
Initial Costs, Buildings and Improvements				12,883
Total Initial Acquisition Costs				15,922
Costs of Improvements Capitalized Subsequent to Acquisition Costs				17,695
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				5,648
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				27,969
Total Carrying Value	33,617			33,617
Accumulated Depreciation	17,036			17,036
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	33,617
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	17,036
MONTEREY PENINSULA, CA | Laurel Tree
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				1,304
Initial Costs, Buildings and Improvements				5,115
Total Initial Acquisition Costs				6,419
Costs of Improvements Capitalized Subsequent to Acquisition Costs				7,147
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				2,373
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				11,193
Total Carrying Value	13,566			13,566
Accumulated Depreciation	6,852			6,852
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	13,566
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	6,852
MONTEREY PENINSULA, CA | The Pointe At Harden Ranch
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				6,388
Initial Costs, Buildings and Improvements				23,854
Total Initial Acquisition Costs				30,242
Costs of Improvements Capitalized Subsequent to Acquisition Costs				31,779
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				10,280
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				51,741
Total Carrying Value	62,021			62,021
Accumulated Depreciation	30,646			30,646
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	62,021
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	30,646
MONTEREY PENINSULA, CA | The Pointe At Northridge
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				2,044
Initial Costs, Buildings and Improvements				8,028
Total Initial Acquisition Costs				10,072
Costs of Improvements Capitalized Subsequent to Acquisition Costs				11,449
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				3,484
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				18,037
Total Carrying Value	21,521			21,521
Accumulated Depreciation	11,140			11,140
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	21,521
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	11,140
MONTEREY PENINSULA, CA | The Pointe At Westlake
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				1,329
Initial Costs, Buildings and Improvements				5,334
Total Initial Acquisition Costs				6,663
Costs of Improvements Capitalized Subsequent to Acquisition Costs				7,454
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				2,333
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				11,784
Total Carrying Value	14,117			14,117
Accumulated Depreciation	7,053			7,053
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	14,117
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	7,053
OTHER SOUTHERN CA
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				19,367
Initial Costs, Buildings and Improvements				27,095
Total Initial Acquisition Costs				46,462
Costs of Improvements Capitalized Subsequent to Acquisition Costs				60,697
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				29,767
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				77,392
Total Carrying Value	107,159			107,159
Accumulated Depreciation	60,343			60,343
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	107,159
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	60,343
OTHER SOUTHERN CA | Verano at Rancho Cucamonga Town Square
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				13,557
Initial Costs, Buildings and Improvements				3,645
Total Initial Acquisition Costs				17,202
Costs of Improvements Capitalized Subsequent to Acquisition Costs				56,760
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				23,553
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				50,409
Total Carrying Value	73,962			73,962
Accumulated Depreciation	40,173			40,173
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	73,962
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	40,173
OTHER SOUTHERN CA | Windemere at Sycamore Highland
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				5,810
Initial Costs, Buildings and Improvements				23,450
Total Initial Acquisition Costs				29,260
Costs of Improvements Capitalized Subsequent to Acquisition Costs				3,937
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				6,214
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				26,983
Total Carrying Value	33,197			33,197
Accumulated Depreciation	20,170			20,170
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	33,197
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	20,170
PORTLAND, OR
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				9,287
Initial Costs, Buildings and Improvements				24,004
Total Initial Acquisition Costs				33,291
Costs of Improvements Capitalized Subsequent to Acquisition Costs				15,822
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				10,472
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				38,641
Total Carrying Value	49,113			49,113
Accumulated Depreciation	28,775			28,775
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	49,113
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	28,775
PORTLAND, OR | Tualatin Heights
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				3,273
Initial Costs, Buildings and Improvements				9,134
Total Initial Acquisition Costs				12,407
Costs of Improvements Capitalized Subsequent to Acquisition Costs				8,197
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				3,983
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				16,621
Total Carrying Value	20,604			20,604
Accumulated Depreciation	11,989			11,989
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	20,604
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	11,989
PORTLAND, OR | Hunt Club
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				6,014
Initial Costs, Buildings and Improvements				14,870
Total Initial Acquisition Costs				20,884
Costs of Improvements Capitalized Subsequent to Acquisition Costs				7,625
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				6,489
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				22,020
Total Carrying Value	28,509			28,509
Accumulated Depreciation	16,786			16,786
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	28,509
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	16,786
MID-ATLANTIC REGION
Real Estate and Accumulated Depreciation
Encumbrances				213,079
Initial Costs, Land and Land Improvements				336,489
Initial Costs, Buildings and Improvements				1,381,064
Total Initial Acquisition Costs				1,717,553
Costs of Improvements Capitalized Subsequent to Acquisition Costs				619,205
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				413,664
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				1,923,094
Total Carrying Value	2,336,758			2,336,758
Accumulated Depreciation	823,823			823,823
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	2,336,758
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	823,823
METROPOLITAN, D.C.
Real Estate and Accumulated Depreciation
Encumbrances				213,079
Initial Costs, Land and Land Improvements				310,539
Initial Costs, Buildings and Improvements				1,209,244
Total Initial Acquisition Costs				1,519,783
Costs of Improvements Capitalized Subsequent to Acquisition Costs				516,721
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				376,291
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				1,660,213
Total Carrying Value	2,036,504			2,036,504
Accumulated Depreciation	636,840			636,840
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	2,036,504
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	636,840
METROPOLITAN, D.C. | Dominion Middle Ridge
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				3,311
Initial Costs, Buildings and Improvements				13,283
Total Initial Acquisition Costs				16,594
Costs of Improvements Capitalized Subsequent to Acquisition Costs				8,928
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				4,042
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				21,480
Total Carrying Value	25,522			25,522
Accumulated Depreciation	15,425			15,425
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	25,522
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	15,425
METROPOLITAN, D.C. | Dominion Lake Ridge
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				2,366
Initial Costs, Buildings and Improvements				8,387
Total Initial Acquisition Costs				10,753
Costs of Improvements Capitalized Subsequent to Acquisition Costs				8,919
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				3,125
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				16,547
Total Carrying Value	19,672			19,672
Accumulated Depreciation	12,160			12,160
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	19,672
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	12,160
METROPOLITAN, D.C. | Presidential Greens
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				11,238
Initial Costs, Buildings and Improvements				18,790
Total Initial Acquisition Costs				30,028
Costs of Improvements Capitalized Subsequent to Acquisition Costs				12,132
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				11,795
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				30,365
Total Carrying Value	42,160			42,160
Accumulated Depreciation	23,380			23,380
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	42,160
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	23,380
METROPOLITAN, D.C. | The Whitmore
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				6,418
Initial Costs, Buildings and Improvements				13,411
Total Initial Acquisition Costs				19,829
Costs of Improvements Capitalized Subsequent to Acquisition Costs				23,341
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				7,529
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				35,641
Total Carrying Value	43,170			43,170
Accumulated Depreciation	27,450			27,450
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	43,170
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	27,450
METROPOLITAN, D.C. | Ridgewood
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				5,612
Initial Costs, Buildings and Improvements				20,086
Total Initial Acquisition Costs				25,698
Costs of Improvements Capitalized Subsequent to Acquisition Costs				10,764
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				6,256
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				30,206
Total Carrying Value	36,462			36,462
Accumulated Depreciation	23,273			23,273
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	36,462
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	23,273
METROPOLITAN, D.C. | DelRey Tower
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				297
Initial Costs, Buildings and Improvements				12,786
Total Initial Acquisition Costs				13,083
Costs of Improvements Capitalized Subsequent to Acquisition Costs				115,383
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				9,587
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				118,879
Total Carrying Value	128,466			128,466
Accumulated Depreciation	32,915			32,915
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	128,466
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	32,915
METROPOLITAN, D.C. | Waterside Towers
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				13,001
Initial Costs, Buildings and Improvements				49,657
Total Initial Acquisition Costs				62,658
Costs of Improvements Capitalized Subsequent to Acquisition Costs				28,272
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				49,907
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				41,023
Total Carrying Value	90,930			90,930
Accumulated Depreciation	26,761			26,761
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	90,930
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	26,761
METROPOLITAN, D.C. | Wellington Place at Olde Town
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				13,753
Initial Costs, Buildings and Improvements				36,059
Total Initial Acquisition Costs				49,812
Costs of Improvements Capitalized Subsequent to Acquisition Costs				19,895
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				14,819
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				54,888
Total Carrying Value	69,707			69,707
Accumulated Depreciation	40,260			40,260
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	69,707
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	40,260
METROPOLITAN, D.C. | Andover House
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				183
Initial Costs, Buildings and Improvements				59,948
Total Initial Acquisition Costs				60,131
Costs of Improvements Capitalized Subsequent to Acquisition Costs				6,038
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				316
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				65,853
Total Carrying Value	66,169			66,169
Accumulated Depreciation	37,742			37,742
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	66,169
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	37,742
METROPOLITAN, D.C. | Sullivan Place
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				1,137
Initial Costs, Buildings and Improvements				103,676
Total Initial Acquisition Costs				104,813
Costs of Improvements Capitalized Subsequent to Acquisition Costs				10,580
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				1,708
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				113,685
Total Carrying Value	115,393			115,393
Accumulated Depreciation	68,821			68,821
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	115,393
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	68,821
METROPOLITAN, D.C. | Delancey at Shirlington
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				21,606
Initial Costs, Buildings and Improvements				66,765
Total Initial Acquisition Costs				88,371
Costs of Improvements Capitalized Subsequent to Acquisition Costs				4,620
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				21,713
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				71,278
Total Carrying Value	92,991			92,991
Accumulated Depreciation	41,618			41,618
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	92,991
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	41,618
METROPOLITAN, D.C. | View 14
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				5,710
Initial Costs, Buildings and Improvements				97,941
Total Initial Acquisition Costs				103,651
Costs of Improvements Capitalized Subsequent to Acquisition Costs				4,823
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				5,780
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				102,694
Total Carrying Value	108,474			108,474
Accumulated Depreciation	43,653			43,653
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	108,474
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	43,653
METROPOLITAN, D.C. | Signal Hill
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				13,290
Total Initial Acquisition Costs				13,290
Costs of Improvements Capitalized Subsequent to Acquisition Costs				71,334
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				25,543
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				59,081
Total Carrying Value	84,624			84,624
Accumulated Depreciation	37,194			37,194
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	84,624
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	37,194
METROPOLITAN, D.C. | Capitol View on 14th
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				31,393
Total Initial Acquisition Costs				31,393
Costs of Improvements Capitalized Subsequent to Acquisition Costs				95,663
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				31,442
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				95,614
Total Carrying Value	127,056			127,056
Accumulated Depreciation	35,431			35,431
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	127,056
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	35,431
METROPOLITAN, D.C. | Domain College Park
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				7,300
Total Initial Acquisition Costs				7,300
Costs of Improvements Capitalized Subsequent to Acquisition Costs				59,421
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				7,460
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				59,261
Total Carrying Value	66,721			66,721
Accumulated Depreciation	19,360			19,360
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	66,721
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	19,360
METROPOLITAN, D.C. | 1200 East West
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				9,748
Initial Costs, Buildings and Improvements				68,022
Total Initial Acquisition Costs				77,770
Costs of Improvements Capitalized Subsequent to Acquisition Costs				2,734
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				9,880
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				70,624
Total Carrying Value	80,504			80,504
Accumulated Depreciation	12,693			12,693
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	80,504
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	12,693
METROPOLITAN, D.C. | Courts at Huntington Station
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				27,749
Initial Costs, Buildings and Improvements				111,878
Total Initial Acquisition Costs				139,627
Costs of Improvements Capitalized Subsequent to Acquisition Costs				3,931
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				28,067
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				115,491
Total Carrying Value	143,558			143,558
Accumulated Depreciation	24,125			24,125
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	143,558
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	24,125
METROPOLITAN, D.C. | Eleven55 Ripley
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				15,566
Initial Costs, Buildings and Improvements				107,539
Total Initial Acquisition Costs				123,105
Costs of Improvements Capitalized Subsequent to Acquisition Costs				2,962
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				15,820
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				110,247
Total Carrying Value	126,067			126,067
Accumulated Depreciation	19,818			19,818
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	126,067
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	19,818
METROPOLITAN, D.C. | Arbor Park of Alexandria
Real Estate and Accumulated Depreciation
Encumbrances				85,479
Initial Costs, Land and Land Improvements				50,881
Initial Costs, Buildings and Improvements				159,728
Total Initial Acquisition Costs				210,609
Costs of Improvements Capitalized Subsequent to Acquisition Costs				2,824
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				51,197
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				162,236
Total Carrying Value	213,433			213,433
Accumulated Depreciation	33,731			33,731
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	213,433
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	33,731
METROPOLITAN, D.C. | Courts at Dulles
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				14,697
Initial Costs, Buildings and Improvements				83,834
Total Initial Acquisition Costs				98,531
Costs of Improvements Capitalized Subsequent to Acquisition Costs				9,008
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				14,728
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				92,811
Total Carrying Value	107,539			107,539
Accumulated Depreciation	19,955			19,955
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	107,539
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	19,955
METROPOLITAN, D.C. | Newport Village
Real Estate and Accumulated Depreciation
Encumbrances				127,600
Initial Costs, Land and Land Improvements				55,283
Initial Costs, Buildings and Improvements				177,454
Total Initial Acquisition Costs				232,737
Costs of Improvements Capitalized Subsequent to Acquisition Costs				15,149
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				55,577
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				192,309
Total Carrying Value	247,886			247,886
Accumulated Depreciation	41,075			41,075
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	247,886
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	41,075
RICHMOND, VA
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				5,123
Initial Costs, Buildings and Improvements				60,908
Total Initial Acquisition Costs				66,031
Costs of Improvements Capitalized Subsequent to Acquisition Costs				82,200
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				15,282
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				132,949
Total Carrying Value	148,231			148,231
Accumulated Depreciation	109,939			109,939
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	148,231
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	109,939
RICHMOND, VA | Gayton Pointe Townhomes
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				826
Initial Costs, Buildings and Improvements				5,148
Total Initial Acquisition Costs				5,974
Costs of Improvements Capitalized Subsequent to Acquisition Costs				30,746
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				3,554
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				33,166
Total Carrying Value	36,720			36,720
Accumulated Depreciation	30,235			30,235
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	36,720
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	30,235
RICHMOND, VA | Waterside At Ironbridge
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				1,844
Initial Costs, Buildings and Improvements				13,239
Total Initial Acquisition Costs				15,083
Costs of Improvements Capitalized Subsequent to Acquisition Costs				9,193
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				2,472
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				21,804
Total Carrying Value	24,276			24,276
Accumulated Depreciation	15,985			15,985
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	24,276
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	15,985
RICHMOND, VA | Carriage Homes at Wyndham
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				474
Initial Costs, Buildings and Improvements				30,997
Total Initial Acquisition Costs				31,471
Costs of Improvements Capitalized Subsequent to Acquisition Costs				9,713
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				3,997
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				37,187
Total Carrying Value	41,184			41,184
Accumulated Depreciation	27,445			27,445
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	41,184
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	27,445
RICHMOND, VA | Legacy at Mayland
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				1,979
Initial Costs, Buildings and Improvements				11,524
Total Initial Acquisition Costs				13,503
Costs of Improvements Capitalized Subsequent to Acquisition Costs				32,548
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				5,259
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				40,792
Total Carrying Value	46,051			46,051
Accumulated Depreciation	36,274			36,274
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	46,051
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	36,274
BALTIMORE, MD
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				20,827
Initial Costs, Buildings and Improvements				110,912
Total Initial Acquisition Costs				131,739
Costs of Improvements Capitalized Subsequent to Acquisition Costs				20,284
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				22,091
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				129,932
Total Carrying Value	152,023			152,023
Accumulated Depreciation	77,044			77,044
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	152,023
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	77,044
BALTIMORE, MD | Calvert’s Walk
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				4,408
Initial Costs, Buildings and Improvements				24,692
Total Initial Acquisition Costs				29,100
Costs of Improvements Capitalized Subsequent to Acquisition Costs				8,606
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				4,973
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				32,733
Total Carrying Value	37,706			37,706
Accumulated Depreciation	23,955			23,955
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	37,706
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	23,955
BALTIMORE, MD | 20 Lambourne
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				11,750
Initial Costs, Buildings and Improvements				45,590
Total Initial Acquisition Costs				57,340
Costs of Improvements Capitalized Subsequent to Acquisition Costs				9,638
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				12,334
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				54,644
Total Carrying Value	66,978			66,978
Accumulated Depreciation	32,912			32,912
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	66,978
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	32,912
BALTIMORE, MD | Domain Brewers Hill
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				4,669
Initial Costs, Buildings and Improvements				40,630
Total Initial Acquisition Costs				45,299
Costs of Improvements Capitalized Subsequent to Acquisition Costs				2,040
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				4,784
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				42,555
Total Carrying Value	47,339			47,339
Accumulated Depreciation	20,177			20,177
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	47,339
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	20,177
NORTHEAST REGION
Real Estate and Accumulated Depreciation
Encumbrances				105,000
Initial Costs, Land and Land Improvements				350,769
Initial Costs, Buildings and Improvements				1,182,479
Total Initial Acquisition Costs				1,533,248
Costs of Improvements Capitalized Subsequent to Acquisition Costs				705,676
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				364,053
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				1,874,871
Total Carrying Value	2,238,924			2,238,924
Accumulated Depreciation	631,118			631,118
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	2,238,924
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	631,118
NEW YORK, NY
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				249,878
Initial Costs, Buildings and Improvements				917,312
Total Initial Acquisition Costs				1,167,190
Costs of Improvements Capitalized Subsequent to Acquisition Costs				147,104
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				251,400
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				1,062,894
Total Carrying Value	1,314,294			1,314,294
Accumulated Depreciation	441,822			441,822
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	1,314,294
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	441,822
NEW YORK, NY | 10 Hanover Square
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				41,432
Initial Costs, Buildings and Improvements				218,983
Total Initial Acquisition Costs				260,415
Costs of Improvements Capitalized Subsequent to Acquisition Costs				15,597
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				41,764
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				234,248
Total Carrying Value	276,012			276,012
Accumulated Depreciation	90,792			90,792
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	276,012
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	90,792
NEW YORK, NY | 21 Chelsea
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				36,399
Initial Costs, Buildings and Improvements				107,154
Total Initial Acquisition Costs				143,553
Costs of Improvements Capitalized Subsequent to Acquisition Costs				14,312
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				36,522
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				121,343
Total Carrying Value	157,865			157,865
Accumulated Depreciation	49,240			49,240
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	157,865
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	49,240
NEW YORK, NY | View 34
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				114,410
Initial Costs, Buildings and Improvements				324,920
Total Initial Acquisition Costs				439,330
Costs of Improvements Capitalized Subsequent to Acquisition Costs				107,401
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				115,083
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				431,648
Total Carrying Value	546,731			546,731
Accumulated Depreciation	179,020			179,020
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	546,731
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	179,020
NEW YORK, NY | 95 Wall Street
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				57,637
Initial Costs, Buildings and Improvements				266,255
Total Initial Acquisition Costs				323,892
Costs of Improvements Capitalized Subsequent to Acquisition Costs				9,794
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				58,031
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				275,655
Total Carrying Value	333,686			333,686
Accumulated Depreciation	122,770			122,770
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	333,686
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	122,770
BOSTON, MA
Real Estate and Accumulated Depreciation
Encumbrances				105,000
Initial Costs, Land and Land Improvements				100,891
Initial Costs, Buildings and Improvements				265,167
Total Initial Acquisition Costs				366,058
Costs of Improvements Capitalized Subsequent to Acquisition Costs				558,572
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				112,653
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				811,977
Total Carrying Value	924,630			924,630
Accumulated Depreciation	189,296			189,296
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	924,630
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	189,296
BOSTON, MA | Garrison Square
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				5,591
Initial Costs, Buildings and Improvements				91,027
Total Initial Acquisition Costs				96,618
Costs of Improvements Capitalized Subsequent to Acquisition Costs				10,200
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				5,775
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				101,043
Total Carrying Value	106,818			106,818
Accumulated Depreciation	47,908			47,908
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	106,818
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	47,908
BOSTON, MA | Ridge at Blue Hills
Real Estate and Accumulated Depreciation
Encumbrances				25,000
Initial Costs, Land and Land Improvements				6,039
Initial Costs, Buildings and Improvements				34,869
Total Initial Acquisition Costs				40,908
Costs of Improvements Capitalized Subsequent to Acquisition Costs				3,878
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				6,363
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				38,423
Total Carrying Value	44,786			44,786
Accumulated Depreciation	18,350			18,350
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	44,786
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	18,350
BOSTON, MA | Inwood West
Real Estate and Accumulated Depreciation
Encumbrances				80,000
Initial Costs, Land and Land Improvements				20,778
Initial Costs, Buildings and Improvements				88,096
Total Initial Acquisition Costs				108,874
Costs of Improvements Capitalized Subsequent to Acquisition Costs				11,100
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				19,607
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				100,367
Total Carrying Value	119,974			119,974
Accumulated Depreciation	45,446			45,446
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	119,974
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	45,446
BOSTON, MA | 14 North
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				10,961
Initial Costs, Buildings and Improvements				51,175
Total Initial Acquisition Costs				62,136
Costs of Improvements Capitalized Subsequent to Acquisition Costs				10,746
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				11,331
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				61,551
Total Carrying Value	72,882			72,882
Accumulated Depreciation	29,311			29,311
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	72,882
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	29,311
BOSTON, MA | 100 Pier 4
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				24,584
Total Initial Acquisition Costs				24,584
Costs of Improvements Capitalized Subsequent to Acquisition Costs				201,721
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				24,688
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				201,617
Total Carrying Value	226,305			226,305
Accumulated Depreciation	40,301			40,301
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	226,305
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	40,301
BOSTON, MA | 345 Harrison
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				32,938
Total Initial Acquisition Costs				32,938
Costs of Improvements Capitalized Subsequent to Acquisition Costs				320,927
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				44,889
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				308,976
Total Carrying Value	353,865			353,865
Accumulated Depreciation	7,980			7,980
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	353,865
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	7,980
SOUTHEAST REGION
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				86,349
Initial Costs, Buildings and Improvements				355,426
Total Initial Acquisition Costs				441,775
Costs of Improvements Capitalized Subsequent to Acquisition Costs				337,535
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				125,490
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				653,820
Total Carrying Value	779,310			779,310
Accumulated Depreciation	498,708			498,708
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	779,310
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	498,708
ORLANDO, FL
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				22,624
Initial Costs, Buildings and Improvements				88,765
Total Initial Acquisition Costs				111,389
Costs of Improvements Capitalized Subsequent to Acquisition Costs				114,333
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				33,347
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				192,375
Total Carrying Value	225,722			225,722
Accumulated Depreciation	154,472			154,472
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	225,722
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	154,472
ORLANDO, FL | Seabrook
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				1,846
Initial Costs, Buildings and Improvements				4,155
Total Initial Acquisition Costs				6,001
Costs of Improvements Capitalized Subsequent to Acquisition Costs				9,659
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				2,977
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				12,683
Total Carrying Value	15,660			15,660
Accumulated Depreciation	10,891			10,891
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	15,660
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	10,891
ORLANDO, FL | Altamira Place
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				1,533
Initial Costs, Buildings and Improvements				11,076
Total Initial Acquisition Costs				12,609
Costs of Improvements Capitalized Subsequent to Acquisition Costs				21,993
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				3,879
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				30,723
Total Carrying Value	34,602			34,602
Accumulated Depreciation	28,109			28,109
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	34,602
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	28,109
ORLANDO, FL | Regatta Shore
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				757
Initial Costs, Buildings and Improvements				6,608
Total Initial Acquisition Costs				7,365
Costs of Improvements Capitalized Subsequent to Acquisition Costs				17,515
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				2,235
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				22,645
Total Carrying Value	24,880			24,880
Accumulated Depreciation	19,641			19,641
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	24,880
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	19,641
ORLANDO, FL | Alafaya Woods
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				1,653
Initial Costs, Buildings and Improvements				9,042
Total Initial Acquisition Costs				10,695
Costs of Improvements Capitalized Subsequent to Acquisition Costs				11,258
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				2,735
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				19,218
Total Carrying Value	21,953			21,953
Accumulated Depreciation	15,417			15,417
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	21,953
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	15,417
ORLANDO, FL | Los Altos
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				2,804
Initial Costs, Buildings and Improvements				12,349
Total Initial Acquisition Costs				15,153
Costs of Improvements Capitalized Subsequent to Acquisition Costs				13,251
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				4,632
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				23,772
Total Carrying Value	28,404			28,404
Accumulated Depreciation	18,310			18,310
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	28,404
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	18,310
ORLANDO, FL | Lotus Landing
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				2,185
Initial Costs, Buildings and Improvements				8,639
Total Initial Acquisition Costs				10,824
Costs of Improvements Capitalized Subsequent to Acquisition Costs				11,448
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				3,006
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				19,266
Total Carrying Value	22,272			22,272
Accumulated Depreciation	14,310			14,310
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	22,272
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	14,310
ORLANDO, FL | Seville On The Green
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				1,282
Initial Costs, Buildings and Improvements				6,498
Total Initial Acquisition Costs				7,780
Costs of Improvements Capitalized Subsequent to Acquisition Costs				8,165
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				1,819
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				14,126
Total Carrying Value	15,945			15,945
Accumulated Depreciation	10,703			10,703
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	15,945
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	10,703
ORLANDO, FL | Ashton @ Waterford
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				3,872
Initial Costs, Buildings and Improvements				17,538
Total Initial Acquisition Costs				21,410
Costs of Improvements Capitalized Subsequent to Acquisition Costs				6,044
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				4,411
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				23,043
Total Carrying Value	27,454			27,454
Accumulated Depreciation	15,807			15,807
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	27,454
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	15,807
ORLANDO, FL | Arbors at Lee Vista
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				6,692
Initial Costs, Buildings and Improvements				12,860
Total Initial Acquisition Costs				19,552
Costs of Improvements Capitalized Subsequent to Acquisition Costs				15,000
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				7,653
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				26,899
Total Carrying Value	34,552			34,552
Accumulated Depreciation	21,284			21,284
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	34,552
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	21,284
TAMPA, FL
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				32,324
Initial Costs, Buildings and Improvements				122,652
Total Initial Acquisition Costs				154,976
Costs of Improvements Capitalized Subsequent to Acquisition Costs				101,773
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				51,367
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				205,382
Total Carrying Value	256,749			256,749
Accumulated Depreciation	158,162			158,162
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	256,749
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	158,162
TAMPA, FL | Summit West
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				2,176
Initial Costs, Buildings and Improvements				4,710
Total Initial Acquisition Costs				6,886
Costs of Improvements Capitalized Subsequent to Acquisition Costs				11,204
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				3,664
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				14,426
Total Carrying Value	18,090			18,090
Accumulated Depreciation	12,677			12,677
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	18,090
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	12,677
TAMPA, FL | The Breyley
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				1,780
Initial Costs, Buildings and Improvements				2,458
Total Initial Acquisition Costs				4,238
Costs of Improvements Capitalized Subsequent to Acquisition Costs				18,397
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				3,742
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				18,893
Total Carrying Value	22,635			22,635
Accumulated Depreciation	18,639			18,639
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	22,635
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	18,639
TAMPA, FL | Lakewood Place
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				1,395
Initial Costs, Buildings and Improvements				10,647
Total Initial Acquisition Costs				12,042
Costs of Improvements Capitalized Subsequent to Acquisition Costs				12,198
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				3,009
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				21,231
Total Carrying Value	24,240			24,240
Accumulated Depreciation	16,930			16,930
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	24,240
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	16,930
TAMPA, FL | Cambridge Woods
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				1,791
Initial Costs, Buildings and Improvements				7,166
Total Initial Acquisition Costs				8,957
Costs of Improvements Capitalized Subsequent to Acquisition Costs				11,674
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				3,401
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				17,230
Total Carrying Value	20,631			20,631
Accumulated Depreciation	13,378			13,378
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	20,631
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	13,378
TAMPA, FL | Inlet Bay
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				7,702
Initial Costs, Buildings and Improvements				23,150
Total Initial Acquisition Costs				30,852
Costs of Improvements Capitalized Subsequent to Acquisition Costs				18,288
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				10,294
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				38,846
Total Carrying Value	49,140			49,140
Accumulated Depreciation	31,488			31,488
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	49,140
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	31,488
TAMPA, FL | MacAlpine Place
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				10,869
Initial Costs, Buildings and Improvements				36,858
Total Initial Acquisition Costs				47,727
Costs of Improvements Capitalized Subsequent to Acquisition Costs				10,042
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				11,836
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				45,933
Total Carrying Value	57,769			57,769
Accumulated Depreciation	33,490			33,490
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	57,769
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	33,490
TAMPA, FL | The Vintage Lofts at West End
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				6,611
Initial Costs, Buildings and Improvements				37,663
Total Initial Acquisition Costs				44,274
Costs of Improvements Capitalized Subsequent to Acquisition Costs				19,970
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				15,421
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				48,823
Total Carrying Value	64,244			64,244
Accumulated Depreciation	31,560			31,560
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	64,244
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	31,560
NASHVILLE, TN
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				15,433
Initial Costs, Buildings and Improvements				87,608
Total Initial Acquisition Costs				103,041
Costs of Improvements Capitalized Subsequent to Acquisition Costs				108,323
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				23,989
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				187,375
Total Carrying Value	211,364			211,364
Accumulated Depreciation	138,451			138,451
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	211,364
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	138,451
NASHVILLE, TN | Legacy Hill
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				1,148
Initial Costs, Buildings and Improvements				5,867
Total Initial Acquisition Costs				7,015
Costs of Improvements Capitalized Subsequent to Acquisition Costs				10,278
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				1,890
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				15,403
Total Carrying Value	17,293			17,293
Accumulated Depreciation	12,627			12,627
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	17,293
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	12,627
NASHVILLE, TN | Hickory Run
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				1,469
Initial Costs, Buildings and Improvements				11,584
Total Initial Acquisition Costs				13,053
Costs of Improvements Capitalized Subsequent to Acquisition Costs				11,372
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				2,465
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				21,960
Total Carrying Value	24,425			24,425
Accumulated Depreciation	16,052			16,052
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	24,425
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	16,052
NASHVILLE, TN | Carrington Hills
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				2,117
Total Initial Acquisition Costs				2,117
Costs of Improvements Capitalized Subsequent to Acquisition Costs				37,947
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				4,753
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				35,311
Total Carrying Value	40,064			40,064
Accumulated Depreciation	25,412			25,412
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	40,064
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	25,412
NASHVILLE, TN | Brookridge
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				708
Initial Costs, Buildings and Improvements				5,461
Total Initial Acquisition Costs				6,169
Costs of Improvements Capitalized Subsequent to Acquisition Costs				6,920
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				1,477
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				11,612
Total Carrying Value	13,089			13,089
Accumulated Depreciation	8,555			8,555
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	13,089
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	8,555
NASHVILLE, TN | Breckenridge
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				766
Initial Costs, Buildings and Improvements				7,714
Total Initial Acquisition Costs				8,480
Costs of Improvements Capitalized Subsequent to Acquisition Costs				6,359
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				1,484
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				13,355
Total Carrying Value	14,839			14,839
Accumulated Depreciation	9,644			9,644
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	14,839
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	9,644
NASHVILLE, TN | Colonnade
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				1,460
Initial Costs, Buildings and Improvements				16,015
Total Initial Acquisition Costs				17,475
Costs of Improvements Capitalized Subsequent to Acquisition Costs				8,022
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				2,109
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				23,388
Total Carrying Value	25,497			25,497
Accumulated Depreciation	15,205			15,205
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	25,497
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	15,205
NASHVILLE, TN | The Preserve at Brentwood
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				3,182
Initial Costs, Buildings and Improvements				24,674
Total Initial Acquisition Costs				27,856
Costs of Improvements Capitalized Subsequent to Acquisition Costs				9,673
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				3,853
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				33,676
Total Carrying Value	37,529			37,529
Accumulated Depreciation	24,873			24,873
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	37,529
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	24,873
NASHVILLE, TN | Polo Park
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				4,583
Initial Costs, Buildings and Improvements				16,293
Total Initial Acquisition Costs				20,876
Costs of Improvements Capitalized Subsequent to Acquisition Costs				17,752
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				5,958
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				32,670
Total Carrying Value	38,628			38,628
Accumulated Depreciation	26,083			26,083
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	38,628
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	26,083
OTHER FLORIDA
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				15,968
Initial Costs, Buildings and Improvements				56,401
Total Initial Acquisition Costs				72,369
Costs of Improvements Capitalized Subsequent to Acquisition Costs				13,106
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				16,787
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				68,688
Total Carrying Value	85,475			85,475
Accumulated Depreciation	47,623			47,623
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	85,475
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	47,623
OTHER FLORIDA | The Reserve and Park at Riverbridge
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				15,968
Initial Costs, Buildings and Improvements				56,401
Total Initial Acquisition Costs				72,369
Costs of Improvements Capitalized Subsequent to Acquisition Costs				13,106
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				16,787
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				68,688
Total Carrying Value	85,475			85,475
Accumulated Depreciation	47,623			47,623
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	85,475
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	47,623
SOUTHWEST REGION
Real Estate and Accumulated Depreciation
Encumbrances				115,000
Initial Costs, Land and Land Improvements				106,305
Initial Costs, Buildings and Improvements				379,909
Total Initial Acquisition Costs				486,214
Costs of Improvements Capitalized Subsequent to Acquisition Costs				103,057
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				125,482
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				463,789
Total Carrying Value	589,271			589,271
Accumulated Depreciation	210,848			210,848
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	589,271
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	210,848
DALLAS, TX
Real Estate and Accumulated Depreciation
Encumbrances				115,000
Initial Costs, Land and Land Improvements				81,302
Initial Costs, Buildings and Improvements				145,469
Total Initial Acquisition Costs				226,771
Costs of Improvements Capitalized Subsequent to Acquisition Costs				56,580
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				97,065
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				186,286
Total Carrying Value	283,351			283,351
Accumulated Depreciation	115,969			115,969
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	283,351
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	115,969
DALLAS, TX | Thirty377
Real Estate and Accumulated Depreciation
Encumbrances				25,000
Initial Costs, Land and Land Improvements				24,036
Initial Costs, Buildings and Improvements				32,951
Total Initial Acquisition Costs				56,987
Costs of Improvements Capitalized Subsequent to Acquisition Costs				19,849
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				26,184
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				50,652
Total Carrying Value	76,836			76,836
Accumulated Depreciation	30,721			30,721
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	76,836
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	30,721
DALLAS, TX | Legacy Village
Real Estate and Accumulated Depreciation
Encumbrances				90,000
Initial Costs, Land and Land Improvements				16,882
Initial Costs, Buildings and Improvements				100,102
Total Initial Acquisition Costs				116,984
Costs of Improvements Capitalized Subsequent to Acquisition Costs				19,602
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				20,652
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				115,934
Total Carrying Value	136,586			136,586
Accumulated Depreciation	70,195			70,195
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	136,586
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	70,195
DALLAS, TX | Addison Apts at The Park
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				22,041
Initial Costs, Buildings and Improvements				11,228
Total Initial Acquisition Costs				33,269
Costs of Improvements Capitalized Subsequent to Acquisition Costs				9,723
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				30,790
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				12,202
Total Carrying Value	42,992			42,992
Accumulated Depreciation	9,782			9,782
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	42,992
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	9,782
DALLAS, TX | Addison Apts at The Park II
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				7,903
Initial Costs, Buildings and Improvements				554
Total Initial Acquisition Costs				8,457
Costs of Improvements Capitalized Subsequent to Acquisition Costs				3,490
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				8,415
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				3,532
Total Carrying Value	11,947			11,947
Accumulated Depreciation	2,359			2,359
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	11,947
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	2,359
DALLAS, TX | Addison Apts at The Park I
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				10,440
Initial Costs, Buildings and Improvements				634
Total Initial Acquisition Costs				11,074
Costs of Improvements Capitalized Subsequent to Acquisition Costs				3,916
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				11,024
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				3,966
Total Carrying Value	14,990			14,990
Accumulated Depreciation	2,912			2,912
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	14,990
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	2,912
AUSTIN, TX
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				16,417
Initial Costs, Buildings and Improvements				104,040
Total Initial Acquisition Costs				120,457
Costs of Improvements Capitalized Subsequent to Acquisition Costs				43,545
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				19,813
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				144,189
Total Carrying Value	164,002			164,002
Accumulated Depreciation	85,675			85,675
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	164,002
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	85,675
AUSTIN, TX | Barton Creek Landing
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				3,151
Initial Costs, Buildings and Improvements				14,269
Total Initial Acquisition Costs				17,420
Costs of Improvements Capitalized Subsequent to Acquisition Costs				23,987
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				5,279
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				36,128
Total Carrying Value	41,407			41,407
Accumulated Depreciation	28,115			28,115
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	41,407
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	28,115
AUSTIN, TX | Residences at the Domain
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				4,034
Initial Costs, Buildings and Improvements				55,256
Total Initial Acquisition Costs				59,290
Costs of Improvements Capitalized Subsequent to Acquisition Costs				13,497
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				4,515
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				68,272
Total Carrying Value	72,787			72,787
Accumulated Depreciation	38,447			38,447
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	72,787
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	38,447
AUSTIN, TX | Red Stone Ranch
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				5,084
Initial Costs, Buildings and Improvements				17,646
Total Initial Acquisition Costs				22,730
Costs of Improvements Capitalized Subsequent to Acquisition Costs				3,519
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				5,512
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				20,737
Total Carrying Value	26,249			26,249
Accumulated Depreciation	10,112			10,112
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	26,249
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	10,112
AUSTIN, TX | Lakeline Villas
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				4,148
Initial Costs, Buildings and Improvements				16,869
Total Initial Acquisition Costs				21,017
Costs of Improvements Capitalized Subsequent to Acquisition Costs				2,542
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				4,507
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				19,052
Total Carrying Value	23,559			23,559
Accumulated Depreciation	9,001			9,001
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	23,559
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	9,001
DENVER, CO
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				8,586
Initial Costs, Buildings and Improvements				130,400
Total Initial Acquisition Costs				138,986
Costs of Improvements Capitalized Subsequent to Acquisition Costs				2,932
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				8,604
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				133,314
Total Carrying Value	141,918			141,918
Accumulated Depreciation	9,204			9,204
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	141,918
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	9,204
DENVER, CO | Steele Creek
Real Estate and Accumulated Depreciation
Initial Costs, Land and Land Improvements				8,586
Initial Costs, Buildings and Improvements				130,400
Total Initial Acquisition Costs				138,986
Costs of Improvements Capitalized Subsequent to Acquisition Costs				2,932
Gross Amount at Which Carried at Close of Period, Land and Land Improvements				8,604
Gross Amount at Which Carried at Close of Period, Buildings & Buildings Improvements				133,314
Total Carrying Value	141,918			141,918
Accumulated Depreciation	9,204			9,204
Reconciliation of the carrying amount of total real estate owned
Balance at end of the year	141,918
Reconciliation of total accumulated depreciation for real estate owned
Balance at end of year	$ 9,204
Secured Debt
Real Estate and Accumulated Depreciation
Deferred finance costs, net				$ (1,462)