SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2016

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

Schedule III—Real Estate and Accumulated Depreciation

December 31, 2016

(in thousands)

			Initial Cost				Net Improvements (Write-Offs) Since Acquisition			Gross Amount at Which Carried
Property Name, City and State	Encumbrances		Land		Building and Improvements					Land		Building and Improvements		Total		Acc. Deprec.		Year Built / Renovated	Year of Acquisition
Office
7083 Hollywood Boulevard
Los Angeles, CA	$	21,700	$	6,276	$	13,161	$	3,248		$	6,276	$	16,409	$	22,685	$	5,626	1981	2005
800 N Capitol Street
Washington, DC	—		—		109,948		(6,685		)	—		103,263		103,263		28,168		1991	2005
370 L'Enfant Promenade
Washington, DC	—		33,936		145,796		(5,724		)	33,936		140,072		174,008		39,969		1987	2005
260 Townsend Street
San Francisco, CA	28,200		7,574		13,843		2,219			7,574		16,062		23,636		6,603		1986	2006
830 1st Street
Washington, DC	46,000		18,095		62,017		(1,193		)	18,095		60,824		78,919		15,939		2002	2006
200 S College Street
Charlotte, NC	—		7,702		109,006		8,497			7,702		117,503		125,205		35,792		1977/1997	2007
3601 S Congress Avenue
Austin, TX	—		9,569		18,593		1,900			9,569		20,493		30,062		6,459		1918/2001	2007
899 N Capitol Street
Washington, DC	—		34,641		84,466		12,638			34,641		97,104		131,745		24,517		1969-1973/1999 & 2011	2007
999 N Capitol Street
Washington, DC	—		32,221		86,526		10,710			32,221		97,236		129,457		25,564		1969-1973/1999 & 2011	2007
901 N Capitol Street
Washington, DC	—		27,117		—		4,299			27,117		4,299		31,416		1,216		N/A	2007
1333 Broadway
Oakland, CA	39,500		7,048		41,578		9,910			7,048		51,488		58,536		12,128		1972/1995	2008
1901 Harrison Street
Oakland, CA	42,500		3,838		68,106		5,792			3,838		73,898		77,736		19,870		1985	2008
2100 Franklin Street
Oakland, CA	80,000		4,277		34,033		11,638			4,277		45,671		49,948		13,100		2008	2008
2101 Webster Street
Oakland, CA	83,000		4,752		109,812		31,111			4,752		140,923		145,675		35,951		1984	2008
2353 Webster Street Parking Garage
Oakland, CA	—		—		9,138		29			—		9,167		9,167		1,894		1986	2008
1 Kaiser Plaza
Oakland, CA	97,100		9,261		113,619		16,677			9,261		130,296		139,557		32,194		1970/2008	2008
2 Kaiser Plaza Parking Lot
Oakland, CA	—		10,931		110		653			10,931		763		11,694		29		N/A	2015
980 9th Street
Sacramento, CA	—		3,380		86,939		4,375			3,380		91,314		94,694		17,760		1992	2009
1010 8th Street Parking Garage & Retail
Sacramento, CA	—		1,020		1,980		148			1,020		2,128		3,148		414		1992	2009
211 Main Street
San Francisco, CA	26,136		14,364		106,875		1,837			14,364		108,712		123,076		28,994		1973/1998	2009
11600 Wilshire Boulevard
Los Angeles, CA	—		3,477		18,522		1,650			3,477		20,172		23,649		3,707		1955	2010
11620 Wilshire Boulevard
Los Angeles, CA	—		7,672		51,999		7,678			7,672		59,677		67,349		11,123		1976	2010
4750 Wilshire Boulevard
Los Angeles, CA	—		16,633		28,985		58			16,633		29,043		45,676		2,341		1984/2014	2014
Lindblade Media Center
Los Angeles, CA	—		6,342		11,568		—			6,342		11,568		17,910		847		1930 & 1957 / 2010	2014

(Continued)

Schedule III—Real Estate and Accumulated Depreciation (Continued)

December 31, 2016

(in thousands)

			Initial Cost				Net Improvements (Write-Offs) Since Acquisition			Gross Amount at Which Carried
Property Name, City and State	Encumbrances		Land		Building and Improvements					Land		Building and Improvements		Total		Acc. Deprec.		Year Built / Renovated	Year of Acquisition
Multifamily
3636 McKinney Avenue
Dallas, TX	9,363		3,806		11,077		427			3,806		11,504		15,310		2,021		2006	2010
3839 McKinney Avenue
Dallas, TX	6,211		1,679		8,621		254			1,679		8,875		10,554		1,577		2006	2010
4649 Cole Avenue
Dallas, TX	23,560		17,483		16,355		5,420			17,483		21,775		39,258		4,191		1994	2010
4200 Scotland Street
Houston, TX	29,167		9,811		40,150		343			9,811		40,493		50,304		7,030		2009	2010
47 E 34th Street
New York, NY	—		30,612		31,145		1,450			30,612		32,595		63,207		4,226		2009	2011
Hotel
Sheraton Grand Hotel
Sacramento, CA	—		3,497		107,447		(3,729		)	3,497		103,718		107,215		22,899		2001	2008
Sheraton Grand Hotel Parking Garage & Retail
Sacramento, CA	—		6,550		10,996		(111		)	6,550		10,885		17,435		2,403		2001	2008
	$	532,437	$	343,564	$	1,552,411	$	125,519		$	343,564	$	1,677,930	$	2,021,494	$	414,552

The aggregate gross cost of property included above for federal income tax purposes approximates $2,036,225,000 (unaudited) as of December 31, 2016.

The following table reconciles the historical cost of total real estate held for investment from January 1, 2014 to December 31, 2016:

	Year Ended December 31,
	2016			2015			2014
	(in thousands)
Real Estate Assets
Balance, beginning of period	$	2,061,372		$	2,036,794		$	1,953,848
Additions:
Improvements	31,844			31,342			28,879
Property acquisitions	—			11,041			63,528
Deductions:
Asset sales	(61,801		)	(6,237		)	—
Retirements	(9,921		)	(11,568		)	(9,461		)
Balance, end of period	$	2,021,494		$	2,061,372		$	2,036,794

Schedule III—Real Estate and Accumulated Depreciation (Continued)

December 31, 2016

(in thousands)

The following table reconciles the accumulated depreciation from January 1, 2014 to December 31, 2016:

	Year Ended December 31,
	2016			2015			2014
	(in thousands)
Accumulated Depreciation
Balance, beginning of period	$	(369,661	)	$	(320,857	)	$	(271,683	)
Additions: depreciation	(62,239		)	(61,915		)	(58,635		)
Deductions:
Asset sales	7,427			1,543			—
Retirements	9,921			11,568			9,461
Balance, end of period	$	(414,552	)	$	(369,661	)	$	(320,857	)