SCHEDULE III - REAL ESTATE OWNED

12 Months Ended

Dec. 31, 2019

Schedule III - Real Estate Owned

Schedule III - Real Estate Owned

UDR, INC.

SCHEDULE III — REAL ESTATE OWNED

DECEMBER 31, 2019

(In thousands)

											Gross Amount at Which
			Initial Costs								Carried at Close of Period
									Costs of
									Improvements
									Capitalized
			Land and		Buildings		Total Initial		Subsequent		Land and		Buildings &		Total
			Land		and		Acquisition		to Acquisition		Land		Buildings		Carrying		Accumulated		Date of	Date
	Encumbrances		Improvements		Improvements		Costs		Costs		Improvements		Improvements		Value		Depreciation		Construction(a)	Acquired
WEST REGION
Harbor at Mesa Verde	$	—	$	20,476	$	28,538	$	49,014	$	22,350	$	22,175	$	49,189	$	71,364	$	35,561	1965/2003	Jun-03
27 Seventy Five Mesa Verde		—		99,329		110,644		209,973		104,036		114,820		199,189		314,009		137,814	1979/2013	Oct-04
Huntington Vista		—		8,055		22,486		30,541		14,117		9,277		35,381		44,658		25,545	1970	Jun-03
Missions at Back Bay		—		229		14,129		14,358		3,822		10,990		7,190		18,180		5,486	1969	Dec-03
Eight 80 Newport Beach - North		—		62,516		46,082		108,598		45,252		69,131		84,719		153,850		60,216	1968/2000/2016	Oct-04
Eight 80 Newport Beach - South		—		58,785		50,067		108,852		35,651		60,953		83,550		144,503		56,092	1968/2000/2016	Mar-05
Foxborough		—		12,071		6,187		18,258		4,701		12,528		10,431		22,959		7,409	1969	Sep-04
1818 Platinum Triangle		—		16,663		51,905		68,568		4,031		17,074		55,525		72,599		30,618	2009	Aug-10
Beach & Ocean		—		12,878		—		12,878		39,374		13,114		39,138		52,252		12,871	2014	Aug-11
The Residences at Bella Terra		—		25,000		—		25,000		129,030		25,476		128,554		154,030		50,709	2013	Oct-11
Los Alisos at Mission Viejo		—		17,298		—		17,298		71,351		16,674		71,975		88,649		26,850	2014	Jun-04
The Residences at Pacific City		—		78,085		—		78,085		276,247		78,143		276,189		354,332		37,475	2018	Jan-14
Parallel		—		15,181		100,595		115,776		705		15,184		101,297		116,481		7,003	2018	Jan-19
ORANGE COUNTY, CA		—		426,566		430,633		857,199		750,667		465,539		1,142,327		1,607,866		493,649
2000 Post Street		—		9,861		44,578		54,439		36,423		14,406		76,456		90,862		43,622	1987/2016	Dec-98
Birch Creek		—		4,365		16,696		21,061		9,895		1,376		29,580		30,956		17,725	1968	Dec-98
Highlands Of Marin		—		5,996		24,868		30,864		28,751		7,995		51,620		59,615		37,583	1991/2010	Dec-98
Marina Playa		—		6,224		23,916		30,140		13,977		1,242		42,875		44,117		24,745	1971	Dec-98
River Terrace		—		22,161		40,137		62,298		7,850		22,911		47,237		70,148		32,060	2005	Aug-05
CitySouth		—		14,031		30,537		44,568		38,610		16,545		66,633		83,178		48,737	1972/2012	Nov-05
Bay Terrace		—		8,545		14,458		23,003		7,231		11,637		18,597		30,234		12,278	1962	Oct-05
Highlands of Marin Phase II		—		5,353		18,559		23,912		11,287		5,777		29,422		35,199		20,313	1968/2010	Oct-07
Edgewater		—		30,657		83,872		114,529		12,736		30,804		96,461		127,265		57,547	2007	Mar-08
Almaden Lake Village		27,000		594		42,515		43,109		9,265		963		51,411		52,374		31,947	1999	Jul-08
388 Beale		—		14,253		74,104		88,357		13,993		14,643		87,707		102,350		42,629	1999	Apr-11
Channel @ Mission Bay		—		23,625		—		23,625		131,471		23,983		131,113		155,096		48,635	2014	Sep-10
SAN FRANCISCO, CA		27,000		145,665		414,240		559,905		321,489		152,282		729,112		881,394		417,821
Crowne Pointe		—		2,486		6,437		8,923		9,323		3,177		15,069		18,246		10,776	1987	Dec-98
Hilltop		—		2,174		7,408		9,582		6,365		3,030		12,917		15,947		9,216	1985	Dec-98
The Hawthorne		—		6,474		30,226		36,700		8,473		7,101		38,072		45,173		26,389	2003	Jul-05
The Kennedy		—		6,179		22,307		28,486		3,261		6,300		25,447		31,747		17,028	2005	Nov-05
Hearthstone at Merrill Creek		—		6,848		30,922		37,770		7,368		7,302		37,836		45,138		23,317	2000	May-08
Island Square		—		21,284		89,389		110,673		7,672		21,667		96,678		118,345		58,376	2007	Jul-08
Borgata		—		6,379		24,569		30,948		5,542		6,452		30,038		36,490		18,943	2001/2016	May-07
elements too		—		27,468		72,036		99,504		19,466		30,331		88,639		118,970		64,466	2010	Feb-10
989elements		—		8,541		45,990		54,531		5,009		8,679		50,861		59,540		28,277	2006	Dec-09
Lightbox		—		6,449		38,884		45,333		1,235		6,474		40,094		46,568		13,689	2014	Aug-14
Waterscape		—		9,693		65,176		74,869		3,222		9,784		68,307		78,091		20,951	2014	Sep-14
Ashton Bellevue		44,594		8,287		124,939		133,226		2,631		8,368		127,489		135,857		23,100	2009	Oct-16
TEN20		26,337		5,247		76,587		81,834		3,635		5,292		80,177		85,469		14,496	2009	Oct-16
Milehouse		—		5,976		63,041		69,017		741		5,995		63,763		69,758		12,863	2016	Nov-16
CityLine		—		11,220		85,787		97,007		348		11,228		86,127		97,355		16,232	2016	Jan-17
CityLine II		—		3,723		56,843		60,566		435		3,723		57,278		61,001		3,947	2018	Jan-19
SEATTLE, WA		70,931		138,428		840,541		978,969		84,726		144,903		918,792		1,063,695		362,066
Rosebeach		—		8,414		17,449		25,863		5,903		8,855		22,911		31,766		16,642	1970	Sep-04
Tierra Del Rey		—		39,586		36,679		76,265		8,415		39,857		44,823		84,680		27,165	1998	Dec-07
The Westerly		—		48,182		102,364		150,546		41,493		50,887		141,152		192,039		83,909	1993/2013	Sep-10
Jefferson at Marina del Rey		—		55,651		—		55,651		94,053		61,580		88,124		149,704		52,782	2008	Sep-07
LOS ANGELES, CA		—		151,833		156,492		308,325		149,864		161,179		297,010		458,189		180,498
Boronda Manor		—		1,946		8,982		10,928		11,332		3,330		18,930		22,260		11,809	1979	Dec-98
Garden Court		—		888		4,188		5,076		6,546		1,613		10,009		11,622		6,382	1973	Dec-98
Cambridge Court		—		3,039		12,883		15,922		18,449		5,695		28,676		34,371		18,243	1974	Dec-98
Laurel Tree		—		1,304		5,115		6,419		7,657		2,449		11,627		14,076		7,337	1977	Dec-98
The Pointe At Harden Ranch		—		6,388		23,854		30,242		33,268		10,345		53,165		63,510		32,804	1986	Dec-98
The Pointe At Northridge		—		2,044		8,028		10,072		12,096		3,623		18,545		22,168		11,851	1979	Dec-98
The Pointe At Westlake		—		1,329		5,334		6,663		7,960		2,361		12,262		14,623		7,544	1975	Dec-98

											Gross Amount at Which
			Initial Costs								Carried at Close of Period
									Costs of
									Improvements
									Capitalized
			Land and		Buildings		Total Initial		Subsequent		Land and		Buildings &		Total
			Land		and		Acquisition		to Acquisition		Land		Buildings		Carrying		Accumulated		Date of	Date
	Encumbrances		Improvements		Improvements		Costs		Costs		Improvements		Improvements		Value		Depreciation		Construction(a)	Acquired
MONTEREY PENINSULA, CA		—		16,938		68,384		85,322		97,308		29,416		153,214		182,630		95,970
Verano at Rancho Cucamonga Town Square		—		13,557		3,645		17,202		57,985		23,633		51,554		75,187		42,170	2006	Oct-02
Windemere at Sycamore Highland		—		5,810		23,450		29,260		4,934		6,271		27,923		34,194		21,136	2001	Nov-02
Strata		42,698		14,278		84,242		98,520		85		14,278		84,327		98,605		468	2010	Nov-19
OTHER SOUTHERN CA		42,698		33,645		111,337		144,982		63,004		44,182		163,804		207,986		63,774
Tualatin Heights		—		3,273		9,134		12,407		9,090		4,141		17,356		21,497		12,657	1989	Dec-98
Hunt Club		—		6,014		14,870		20,884		8,014		6,516		22,382		28,898		17,520	1985	Sep-04
PORTLAND, OR		—		9,287		24,004		33,291		17,104		10,657		39,738		50,395		30,177
TOTAL WEST REGION		140,629		922,362		2,045,631		2,967,993		1,484,162		1,008,158		3,443,997		4,452,155		1,643,955
MID-ATLANTIC REGION
Dominion Middle Ridge		—		3,311		13,283		16,594		11,745		4,054		24,285		28,339		16,308	1990	Jun-96
Dominion Lake Ridge		—		2,366		8,387		10,753		9,611		3,163		17,201		20,364		12,846	1987	Feb-96
Presidential Greens		—		11,238		18,790		30,028		13,019		11,826		31,221		43,047		24,563	1938	May-02
The Whitmore		—		6,418		13,411		19,829		24,170		7,564		36,435		43,999		28,764	1962/2008	Apr-02
Ridgewood -apts side		—		5,612		20,086		25,698		10,801		6,362		30,137		36,499		24,033	1988	Aug-02
DelRay Tower		—		297		12,786		13,083		116,038		9,652		119,469		129,121		40,394	2014	Jan-08
Waterside Towers		—		13,001		49,657		62,658		31,372		50,603		43,427		94,030		29,028	1971	Dec-03
Wellington Place at Olde Town		—		13,753		36,059		49,812		20,955		14,885		55,882		70,767		41,845	1987/2008	Sep-05
Andover House		—		183		59,948		60,131		6,813		317		66,627		66,944		39,795	2004	Mar-07
Sullivan Place		—		1,137		103,676		104,813		12,102		1,775		115,140		116,915		72,629	2007	Dec-07
Delancey at Shirlington		—		21,606		66,765		88,371		5,930		21,713		72,588		94,301		43,905	2006/2007	Mar-08
View 14		—		5,710		97,941		103,651		5,174		5,780		103,045		108,825		49,727	2009	Jun-11
Signal Hill Apartments		—		13,290		—		13,290		72,169		25,576		59,883		85,459		41,319	2010	Mar-07
Capitol View on 14th		—		31,393		—		31,393		96,501		31,471		96,423		127,894		40,878	2013	Sep-07
Domain College Park		—		7,300		—		7,300		60,095		7,508		59,887		67,395		22,856	2014	Jun-11
1200 East West		—		9,748		68,022		77,770		3,289		9,888		71,171		81,059		16,873	2010	Oct-15
Courts at Huntington Station		—		27,749		111,878		139,627		4,526		28,085		116,068		144,153		31,845	2011	Oct-15
Eleven55 Ripley		—		15,566		107,539		123,105		4,111		15,838		111,378		127,216		26,234	2014	Oct-15
Arbor Park of Alexandria		80,664		50,881		159,728		210,609		5,571		51,347		164,833		216,180		44,595	1969/2015	Oct-15
Courts at Dulles		—		14,697		83,834		98,531		10,035		14,767		93,799		108,566		26,917	2000	Oct-15
Newport Village		127,600		55,283		177,454		232,737		20,485		55,708		197,514		253,222		54,930	1968	Oct-15
1301 Thomas Circle		—		27,836		128,191		156,027		144		27,836		128,335		156,171		2,892	2006	Aug-19
Crescent Falls Church		43,803		13,687		88,692		102,379		27		13,687		88,719		102,406		577	2010	Nov-19
METROPOLITAN, D.C.		252,067		352,062		1,426,127		1,778,189		544,683		419,405		1,903,467		2,322,872		733,753
Gayton Pointe Townhomes		—		826		5,148		5,974		31,396		3,598		33,772		37,370		30,959	1973/2007	Sep-95
Waterside At Ironbridge		—		1,844		13,239		15,083		9,922		2,575		22,430		25,005		16,763	1987	Sep-97
Carriage Homes at Wyndham		—		474		30,997		31,471		10,475		4,056		37,890		41,946		28,644	1998	Nov-03
Legacy at Mayland		—		1,979		11,524		13,503		33,902		5,451		41,954		47,405		37,420	1973/2007	Dec-91
RICHMOND, VA		—		5,123		60,908		66,031		85,695		15,680		136,046		151,726		113,786
Calvert's Walk		—		4,408		24,692		29,100		9,266		4,996		33,370		38,366		25,052	1988	Mar-04
20 Lambourne		—		11,750		45,590		57,340		10,667		12,428		55,579		68,007		34,852	2003	Mar-08
Domain Brewers Hill		—		4,669		40,630		45,299		2,279		4,808		42,770		47,578		22,704	2009	Aug-10
Rodgers Forge		—		15,392		67,958		83,350		3,001		15,392		70,959		86,351		3,367	1945	Apr-19
Towson Promenade		58,600		12,599		78,847		91,446		29		12,599		78,876		91,475		501	2009	Nov-19
BALTIMORE, MD		58,600		48,818		257,717		306,535		25,242		50,223		281,554		331,777		86,476
TOTAL MID-ATLANTIC REGION		310,667		406,003		1,744,752		2,150,755		655,620		485,308		2,321,067		2,806,375		934,015
SOUTHEAST REGION
Seabrook		—		1,846		4,155		6,001		10,276		3,018		13,259		16,277		11,396	1984/2004	Feb-96
Altamira Place		—		1,533		11,076		12,609		22,790		3,887		31,512		35,399		28,929	1984/2007	Apr-94
Regatta Shore		—		757		6,608		7,365		18,177		2,301		23,241		25,542		20,424	1988/2007	Jun-94
Alafaya Woods		—		1,653		9,042		10,695		12,841		2,860		20,676		23,536		16,273	1989/2006	Oct-94
Los Altos		—		2,804		12,349		15,153		13,797		4,710		24,240		28,950		19,347	1990/2004	Oct-96
Lotus Landing		—		2,185		8,639		10,824		12,182		3,050		19,956		23,006		15,091	1985/2006	Jul-97
Seville On The Green		—		1,282		6,498		7,780		8,635		1,872		14,543		16,415		11,259	1986/2004	Oct-97
Ashton @ Waterford		—		3,872		17,538		21,410		6,886		4,406		23,890		28,296		16,848	2000	May-98

											Gross Amount at Which
			Initial Costs								Carried at Close of Period
									Costs of
									Improvements
									Capitalized
			Land and		Buildings		Total Initial		Subsequent		Land and		Buildings &		Total
			Land		and		Acquisition		to Acquisition		Land		Buildings		Carrying		Accumulated		Date of	Date
	Encumbrances		Improvements		Improvements		Costs		Costs		Improvements		Improvements		Value		Depreciation		Construction(a)	Acquired
Arbors at Lee Vista		—		6,692		12,860		19,552		16,125		7,669		28,008		35,677		21,670	1992/2007	Aug-06
ORLANDO, FL		—		22,624		88,765		111,389		121,709		33,773		199,325		233,098		161,237
Legacy Hill		—		1,148		5,867		7,015		11,083		2,026		16,072		18,098		13,203	1977	Nov-95
Hickory Run		—		1,469		11,584		13,053		14,126		2,592		24,587		27,179		16,915	1989	Dec-95
Carrington Hills		—		2,117		—		2,117		39,283		4,925		36,475		41,400		26,945	1999	Dec-95
Brookridge		—		708		5,461		6,169		7,396		1,492		12,073		13,565		9,211	1986	Mar-96
Breckenridge		—		766		7,714		8,480		6,998		1,539		13,939		15,478		10,241	1986	Mar-97
Colonnade		—		1,460		16,015		17,475		8,865		2,317		24,023		26,340		16,356	1998	Jan-99
The Preserve at Brentwood		—		3,182		24,674		27,856		11,163		4,145		34,874		39,019		26,346	1998	Jun-04
Polo Park		—		4,583		16,293		20,876		18,611		6,140		33,347		39,487		27,026	1987/2008	May-06
NASHVILLE, TN		—		15,433		87,608		103,041		117,525		25,176		195,390		220,566		146,243
Summit West		—		2,176		4,710		6,886		12,423		3,688		15,621		19,309		13,431	1972	Dec-92
The Breyley		—		1,780		2,458		4,238		18,948		3,811		19,375		23,186		19,088	1977/2007	Sep-93
Lakewood Place		—		1,395		10,647		12,042		13,457		3,257		22,242		25,499		17,883	1986	Mar-94
Cambridge Woods		—		1,791		7,166		8,957		12,591		3,514		18,034		21,548		14,194	1985	Jun-97
Inlet Bay		—		7,702		23,150		30,852		19,716		10,421		40,147		50,568		32,988	1988/1989	Jun-03
MacAlpine Place		—		10,869		36,858		47,727		11,770		12,194		47,303		59,497		35,105	2001	Dec-04
The Vintage Lofts at West End		—		6,611		37,663		44,274		21,768		15,826		50,216		66,042		33,876	2009	Jul-09
Peridot Palms		—		6,293		89,752		96,045		1,002		6,301		90,746		97,047		5,481	2017	Feb-19
The Preserve at Gateway		—		4,467		43,723		48,190		961		4,467		44,684		49,151		1,828	2013	May-19
TAMPA, FL		—		43,084		256,127		299,211		112,636		63,479		348,368		411,847		173,874
The Reserve and Park at Riverbridge		—		15,968		56,401		72,369		15,149		16,840		70,678		87,518		50,001	1999/2001	Dec-04
OTHER FLORIDA		—		15,968		56,401		72,369		15,149		16,840		70,678		87,518		50,001
TOTAL SOUTHEAST REGION		—		97,109		488,901		586,010		367,019		139,268		813,761		953,029		531,355
NORTHEAST REGION
10 Hanover Square		—		41,432		218,983		260,415		24,465		41,765		243,115		284,880		103,344	2005	Apr-11
21 Chelsea		—		36,399		107,154		143,553		14,695		36,529		121,719		158,248		55,758	2001	Aug-11
View 34		—		114,410		324,920		439,330		112,238		116,021		435,547		551,568		203,215	1985/2013	Jul-11
95 Wall Street		—		57,637		266,255		323,892		10,474		58,063		276,303		334,366		139,677	2008	Aug-11
Leonard Pointe		—		38,010		93,204		131,214		1,169		38,014		94,369		132,383		5,661	2015	Feb-19
One William		—		6,422		75,527		81,949		151		6,422		75,678		82,100		2,029	2018	Aug-19
NEW YORK, NY		—		294,310		1,086,043		1,380,353		163,192		296,814		1,246,731		1,543,545		509,684
Garrison Square		—		6,475		91,027		97,502		23,062		6,613		113,951		120,564		54,270	1887/1990	Sep-10
Ridge at Blue Hills		25,000		6,039		34,869		40,908		4,884		6,420		39,372		45,792		20,913	2007	Sep-10
Inwood West		80,000		20,778		88,096		108,874		13,326		19,799		102,401		122,200		52,250	2006	Apr-11
14 North		72,500		10,961		51,175		62,136		12,621		11,404		63,353		74,757		33,733	2005	Apr-11
100 Pier 4		—		24,584		—		24,584		202,433		24,689		202,328		227,017		51,639	2015	Dec-15
345 Harrison		—		32,938		—		32,938		326,016		44,889		314,065		358,954		25,913	2018	Nov-11
Currents on the Charles		—		12,580		70,149		82,729		285		12,580		70,434		83,014		2,431	2015	Jun-19
The Commons at Windsor Gardens		—		34,609		225,515		260,124		1,126		34,611		226,639		261,250		7,205	1969	Aug-19
Charles River Landing		69,315		17,068		112,777		129,845		51		17,068		112,828		129,896		722	2010	Nov-19
Lenox Farms		94,050		17,692		115,898		133,590		70		17,692		115,968		133,660		754	2009	Nov-19
Lodge at Ames Pond		48,774		12,645		70,653		83,298		76		12,645		70,729		83,374		466	2010	Nov-19
BOSTON, MA		389,639		196,369		860,159		1,056,528		583,950		208,410		1,432,068		1,640,478		250,296
Park Square		—		10,365		96,050		106,415		935		10,416		96,934		107,350		4,483	2018	May-19
PHILADELPHIA, PA		—		10,365		96,050		106,415		935		10,416		96,934		107,350		4,483
TOTAL NORTHEAST REGION		389,639		501,044		2,042,252		2,543,296		748,077		515,640		2,775,733		3,291,373		764,463
SOUTHWEST REGION
Thirty377		25,000		24,036		32,951		56,987		20,627		26,207		51,407		77,614		33,450	1999/2007	Aug-06
Legacy Village		90,000		16,882		100,102		116,984		22,641		21,394		118,231		139,625		74,746	2005/06/07	Mar-08
Addison Apts at The Park		—		22,041		11,228		33,269		11,058		30,969		13,358		44,327		10,768	1977/78/79	May-07
Addison Apts at The Park II		—		7,903		554		8,457		3,718		8,442		3,733		12,175		2,664	1970	May-07
Addison Apts at The Park I		—		10,440		634		11,074		4,158		11,055		4,177		15,232		3,270	1975	May-07
Savoye		32,575		8,432		50,482		58,914		47		8,432		50,529		58,961		331	2009	Nov-19
Savoye 2		36,023		6,451		56,616		63,067		11		6,451		56,627		63,078		365	2011	Nov-19

											Gross Amount at Which
			Initial Costs								Carried at Close of Period
									Costs of
									Improvements
									Capitalized
			Land and		Buildings		Total Initial		Subsequent		Land and		Buildings &		Total
			Land		and		Acquisition		to Acquisition		Land		Buildings		Carrying		Accumulated		Date of	Date
	Encumbrances		Improvements		Improvements		Costs		Costs		Improvements		Improvements		Value		Depreciation		Construction(a)	Acquired
Fiori on Vitruvian Park		50,609		7,934		78,574		86,508		59		7,934		78,633		86,567		519	2013	Nov-19
Vitruvian West 1		41,317		6,273		61,418		67,691		86		6,273		61,504		67,777		427	2018	Nov-19
DALLAS, TX		275,524		110,392		392,559		502,951		62,405		127,157		438,199		565,356		126,540
Barton Creek Landing		—		3,151		14,269		17,420		24,444		5,358		36,506		41,864		29,696	1986/2012	Mar-02
Residences at the Domain		—		4,034		55,256		59,290		14,140		4,524		68,906		73,430		41,561	2007	Aug-08
Red Stone Ranch		—		5,084		17,646		22,730		4,740		5,656		21,814		27,470		11,697	2000	Apr-12
Lakeline Villas		—		4,148		16,869		21,017		3,436		4,625		19,828		24,453		10,429	2002	Apr-12
AUSTIN, TX		—		16,417		104,040		120,457		46,760		20,163		147,054		167,217		93,383
Steele Creek		—		8,586		130,402		138,988		5,264		8,614		135,638		144,252		17,097	2015	Oct-17
DENVER, CO		—		8,586		130,402		138,988		5,264		8,614		135,638		144,252		17,097
TOTAL SOUTHWEST REGION		275,524		135,395		627,001		762,396		114,429		155,934		720,891		876,825		237,020
TOTAL OPERATING COMMUNITIES		1,116,459		2,061,913		6,948,537		9,010,450		3,369,307		2,304,308		10,075,449		12,379,757		4,110,808
REAL ESTATE UNDER DEVELOPMENT
Vitruvian West Phase 2		—		6,451		15,798		22,249		2,558		6,451		18,356		24,807		23
Cirrus		—		13,853		—		13,853		12,759		13,853		12,759		26,612		—
Dublin		—		8,922		—		8,922		9,436		8,922		9,436		18,358		—
TOTAL REAL ESTATE UNDER DEVELOPMENT		—		29,226		15,798		45,024		24,753		29,226		40,551		69,777		23
LAND
Vitruvian Park®		—		39,609		4,997		44,606		9,543		46,666		7,483		54,149		2,489
500 Penn		—		27,135		—		27,135		6,331		27,135		6,331		33,466		—
TOTAL LAND		—		66,744		4,997		71,741		15,874		73,801		13,814		87,615		2,489
COMMERCIAL
Brookhaven Shopping Center		—								29,808		7,793		22,015		29,808		14,297
TOTAL COMMERCIAL		—		—		—		—		29,808		7,793		22,015		29,808		14,297
Other (b)		—		—		—		—		9,581		—		9,581		9,581		—
1745 Shea Center I		—		3,034		20,534		23,568		1,995		3,094		22,469		25,563		3,736
TOTAL CORPORATE		—		3,034		20,534		23,568		11,576		3,094		32,050		35,144		3,736
TOTAL COMMERCIAL & CORPORATE		—		3,034		20,534		23,568		41,384		10,887		54,065		64,952		18,033
Deferred Financing Costs and Other Non-Cash Adjustments		32,982
TOTAL REAL ESTATE OWNED	$	1,149,441	$	2,160,917	$	6,989,866	$	9,150,783	$	3,451,318	$	2,418,222	$	10,183,879	$	12,602,101	$	4,131,353

(a) Date of original construction/date of last major renovation, if applicable.

(b) Includes unallocated accruals and capital expenditures.

The aggregate cost for federal income tax purposes was approximately $11.7 billion at December 31, 2019 (unaudited).

The estimated depreciable lives for all buildings in the latest Consolidated Statements of Operations are 30 to 55 years.

3-YEAR ROLLFORWARD OF REAL ESTATE OWNED AND ACCUMULATED DEPRECIATION

The following is a reconciliation of the carrying amount of total real estate owned at December 31, (in thousands):

	2019		2018		2017
Balance at beginning of the year	$	10,196,159	$	10,177,206	$	9,615,753
Real estate acquired		2,241,163		—		235,993
Capital expenditures and development		195,981		214,898		369,029
Real estate sold		(31,202)		(195,945)		(43,569)
Balance at end of the year	$	12,602,101	$	10,196,159	$	10,177,206

The following is a reconciliation of total accumulated depreciation for real estate owned at December 31, (in thousands):

	2019		2018		2017
Balance at beginning of the year	$	3,654,160	$	3,330,166	$	2,923,625
Depreciation expense for the year		477,193		426,006		424,772
Accumulated depreciation on sales		—		(102,012)		(18,231)
Balance at end of year	$	4,131,353	$	3,654,160	$	3,330,166