XML 103 R28.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
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