Schedule III

12 Months Ended

Dec. 31, 2012

Schedule III [Abstract]

Real Estate and Accumulated Depreciation Disclosure [Text Block]

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
					Initial Cost						Gross Amount Carried at End of Period
Project	Location	Encumbrances			Land		Building		Costs Capitalized Subsequent to Acquisition		Land and Improvements		Building and Improvements		Total 12/31/2012		Accumulated Depreciation 12/31/2012		Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
1501 Perryman Road	Aberdeen, MD	$	—		$	5,813,324	$	18,874,059	$	4,694,290	$	5,816,839	$	23,564,834	$	29,381,673	$	3,784,213	2005	5 - 40
200 Boulder Drive	Allentown, PA	—			4,722,683		18,922,645		440,557		4,722,683		19,363,202		24,085,885		4,118,610		2004	5 - 40
250 Boulder Drive	Allentown, PA	—			3,599,936		12,099,145		2,149,322		3,717,733		14,130,670		17,848,403		3,311,315		2004	5 - 40
400 Nestle Way	Allentown, PA				8,065,500		—		27,420,765		8,184,096		27,302,169		35,486,265		12,132,001		1997	5 - 40
650 Boulder Drive	Allentown, PA	—		*	5,208,248		—		31,718,180		9,961,788		26,964,640		36,926,428		6,754,934		2002	5 - 40
651 Boulder Drive	Allentown, PA	—			4,308,646		—		17,435,618		4,308,646		17,435,618		21,744,264		5,823,659		2000	5 - 40
700 Nestle Way	Allentown, PA	—		*	3,473,120		—		20,110,683		4,174,970		19,408,833		23,583,803		8,225,644		1998	5 - 40
705 Boulder Drive	Allentown, PA	—		*	10,594,027		—		28,618,782		10,596,767		28,616,042		39,212,809		7,614,993		2001	5 - 40
7165 Ambassador Drive	Allentown, PA	—			792,999		—		4,533,868		804,848		4,522,019		5,326,867		1,447,189		2002	5 - 40
7248 Industrial Boulevard	Allentown, PA	—			2,670,849		13,307,408		4,423,128		2,670,673		17,730,712		20,401,385		6,688,975		1988	5 - 40
7339 Industrial Boulevard	Allentown, PA	—			1,187,776		—		6,867,470		1,197,447		6,857,799		8,055,246		3,083,115		1996	5 - 40
7437 Industrial Boulevard	Allentown, PA	—			717,488		5,022,413		3,099,066		726,651		8,112,316		8,838,967		4,189,178		1976	5 - 40
794 Roble Road	Allentown, PA	—			1,147,541		6,088,041		1,183,791		1,147,541		7,271,832		8,419,373		3,257,885		1985	5 - 40
8014 Industrial Boulevard	Allentown, PA	—		*	4,019,258		—		9,880,091		3,645,117		10,254,232		13,899,349		4,127,812		1999	5 - 40
8150 Industrial Boulevard	Allentown, PA	—			2,564,167		—		8,388,830		2,571,466		8,381,531		10,952,997		2,336,861		2002	5 - 40
8250 Industrial Boulevard	Allentown, PA	—		*	1,025,667		—		5,339,263		1,035,854		5,329,076		6,364,930		1,600,657		2002	5 - 40
8400 Industrial Boulevard	Allentown, PA	—			6,725,948		—		27,079,140		7,521,211		26,283,877		33,805,088		4,604,798		2005	5 - 40
6330 Hedgewood Drive	Allentown, PA	—			531,268		—		5,331,744		532,047		5,330,965		5,863,012		3,071,554		1988	5 - 40
6350 Hedgewood Drive	Allentown, PA	—			360,027		—		4,028,297		560,691		3,827,633		4,388,324		2,008,649		1989	5 - 40
6370 Hedgewood Drive	Allentown, PA	—			540,795		—		3,869,825		541,459		3,869,161		4,410,620		1,825,426		1990	5 - 40
6390 Hedgewood Drive	Allentown, PA	—			707,203		—		2,943,701		707,867		2,943,037		3,650,904		1,549,064		1990	5 - 40
6520 Stonegate Drive	Allentown, PA	—			453,315		—		1,693,787		484,361		1,662,741		2,147,102		846,135		1996	5 - 40
6540 Stonegate Drive	Allentown, PA	—			422,042		—		3,967,718		422,730		3,967,030		4,389,760		2,433,957		1988	5 - 40
6560 Stonegate Drive	Allentown, PA	—			458,281		—		2,805,111		458,945		2,804,447		3,263,392		1,773,524		1989	5 - 40
6580 Snowdrift Road	Allentown, PA	—			388,328		—		4,120,963		389,081		4,120,210		4,509,291		2,217,779		1988	5 - 40
7620 Cetronia Road	Allentown, PA	—			1,091,806		3,851,456		258,140		1,093,724		4,107,678		5,201,402		1,798,175		1990	5 - 40
180,190 Cochrane Drive	Annapolis, MD	—			3,670,256		—		23,130,884		3,752,293		23,048,847		26,801,140		12,525,279		1988	5 - 40
4606 Richlynn Drive	Belcamp, MD	—			299,600		1,818,861		712,788		299,600		2,531,649		2,831,249		851,020		1985	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
				Initial Cost			Gross Amount Carried at End of Period
Project	Location	Encumbrances		Land	Building	Costs Capitalized Subsequent to Acquisition	Land and Improvements	Building and Improvements	Total 12/31/2012	Accumulated Depreciation 12/31/2012	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
74 West Broad Street	Bethlehem, PA	—		1,096,127	—	14,202,628	1,099,079	14,199,676	15,298,755	5,396,771	2002	5 - 40
10801 Nesbitt Avenue South	Bloomington, MN	—		784,577	—	5,010,219	786,382	5,008,414	5,794,796	1,159,283	2001	5 - 40
5705 Old Shakopee Road	Bloomington, MN	—		2,113,223	—	5,520,731	2,148,571	5,485,383	7,633,954	1,361,360	2001	5 - 40
5715 Old Shakopee Road West	Bloomington, MN	—		1,263,226	2,360,782	2,012,357	1,264,758	4,371,607	5,636,365	1,304,350	2002	5 - 40
5735 Old Shakopee Road West	Bloomington, MN	—		1,263,226	2,360,782	1,024,178	1,264,758	3,383,428	4,648,186	1,000,156	2002	5 - 40
5775 West Old Shakopee Road	Bloomington, MN	—		2,052,018	3,849,649	1,618,350	2,060,644	5,459,373	7,520,017	1,812,297	2002	5 - 40
6161 Green Valley Drive	Bloomington, MN	—		740,378	3,311,602	2,114,197	709,961	5,456,216	6,166,177	1,659,663	1992	5 - 40
6601-6625 W. 78th Street	Bloomington, MN	—		2,263,060	—	41,238,311	2,310,246	41,191,125	43,501,371	14,157,488	1998	5 - 40
750 Park of Commerce Boulevard	Boca Raton, FL	—		2,430,000	—	22,129,358	2,473,406	22,085,952	24,559,358	2,072,669	2007	5 - 40
777 Yamato Road	Boca Raton, FL	—		4,101,247	16,077,347	6,255,151	4,501,247	21,932,498	26,433,745	8,139,489	1987	5 - 40
951 Broken Sound Parkway	Boca Raton, FL	—		1,426,251	6,098,952	1,868,100	1,426,251	7,967,052	9,393,303	3,335,731	1986	5 - 40
1455 Remington Boulevard	Bolingbrook, IL	—		2,501,294	10,577,814	126,904	2,501,293	10,704,719	13,206,012	10,316	2012	5 - 40
400 Boulder Drive	Breinigsville, PA	—		—	—	13,358,721	2,865,575	10,493,146	13,358,721	2,202,785	2003	5 - 40
8201 Industrial Boulevard	Breinigsville, PA	—	*	2,089,719	—	8,328,910	2,222,168	8,196,461	10,418,629	1,418,477	2006	5 - 40
8500 Industrial Bouldvard	Breinigsville, PA	—		8,752,708	—	39,603,301	11,511,499	36,844,510	48,356,009	5,259,513	2007	5 - 40
860 Nestle Way	Breinigsville, PA	—		8,118,881	18,885,486	7,400,855	8,118,881	26,286,341	34,405,222	5,766,054	2004	5 - 40
602 Heron Drive	Bridgeport, NJ	—		524,728	2,240,478	7,650	524,728	2,248,128	2,772,856	828,330	1996	5 - 40
1485 W. Commerce Avenue	Carlisle, PA	—		4,249,868	13,886,039	2,241,826	4,095,262	16,282,471	20,377,733	4,078,698	2004	5 - 40
95 Kriner Road	Chambersburg, PA	—		8,695,501	—	34,926,589	9,407,871	34,214,219	43,622,090	3,467,744	2006	5 - 40
9000 109th Street	Champlin, MN	—	*	1,251,043	11,322,978	340,017	1,251,043	11,662,995	12,914,038	500,838	2011	5 - 40
12810 Virkler Drive	Charlotte, NC	—		475,368	2,367,586	701,532	476,262	3,068,224	3,544,486	123,692	2010	5 - 40
2700 Hutchinson McDonald Road	Charlotte, NC	—		912,500	4,669,101	84,818	912,500	4,753,919	5,666,419	171,098	2011	5 - 40
2701 Hutchinson McDonald Road	Charlotte, NC	—		1,275,000	4,575,283	304,544	1,275,000	4,879,827	6,154,827	187,273	2011	5 - 40
2730 Hutchinson McDonald Road	Charlotte, NC	—		1,878,750	9,967,061	165,495	1,878,750	10,132,556	12,011,306	335,000	2011	5 - 40
2801 Hutchinson McDonald Road	Charlotte, NC	—		1,065,000	6,917,382	122,851	1,065,000	7,040,233	8,105,233	237,994	2011	5 - 40
3000 Crosspoint Center Lane	Charlotte, NC	—		1,831,250	10,639,164	334,261	1,831,250	10,973,425	12,804,675	386,970	2011	5 - 40
3005 Crosspoint Center Lane	Charlotte, NC	—		1,990,000	6,461,888	531,728	1,990,000	6,993,616	8,983,616	227,418	2011	5 - 40
4045 Perimeter West Drive	Charlotte, NC	—		1,418,928	6,873,797	632,732	1,418,928	7,506,529	8,925,457	336,446	2011	5 - 40
4047 Perimeter West Drive	Charlotte, NC	—		1,279,004	—	6,294,688	1,279,003	6,294,689	7,573,692	97,252	2011	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
			Initial Cost			Gross Amount Carried at End of Period
Project	Location	Encumbrances	Land	Building	Costs Capitalized Subsequent to Acquisition	Land and Improvements	Building and Improvements	Total 12/31/2012	Accumulated Depreciation 12/31/2012	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
4525 Statesville Road	Charlotte, NC	—	841,250	5,215,795	74,264	837,144	5,294,165	6,131,309	180,087	2011	5 - 40
4835 Sirona Drive	Charlotte, NC	3,823,410	690,750	5,027,217	59,170	690,749	5,086,388	5,777,137	30,442	2012	5 - 40
4925 Sirona Drive	Charlotte, NC	3,816,899	603,003	4,807,150	161,860	603,002	4,969,011	5,572,013	30,229	2012	5 - 40
5033 Sirona Drive	Charlotte, NC	3,232,357	509,247	4,536,597	173,620	613,961	4,605,503	5,219,464	31,011	2012	5 - 40
8910 Pioneer Avenue	Charlotte, NC	—	527,873	4,884,419	121,513	527,873	5,005,932	5,533,805	150,394	2011	5 - 40
8916 Pioneer Avenue	Charlotte, NC	—	557,730	5,756,677	372,999	557,730	6,129,676	6,687,406	173,841	2011	5 - 40
1309 Executive Boulevard	Cheaspeake, VA	—	926,125	—	5,098,066	955,374	5,068,817	6,024,191	1,501,750	2001	5 - 40
1301 Executive Boulevard	Chesapeake, VA	—	—	—	6,160,743	970,151	5,190,592	6,160,743	1,014,774	2005	5 - 40
1305 Executive Boulevard	Chesapeake, VA	—	861,020	—	4,721,660	1,129,850	4,452,830	5,582,680	1,192,540	2002	5 - 40
1313 Executive Boulevard	Chesapeake, VA	—	1,180,036	—	5,129,180	1,708,050	4,601,166	6,309,216	1,275,522	2002	5 - 40
500 Independence Parkway	Chesapeake, VA	—	864,150	4,427,285	660,242	866,609	5,085,068	5,951,677	1,188,988	2004	5 - 40
501 Independence Parkway	Chesapeake, VA	—	1,202,556	5,975,538	1,563,800	1,292,273	7,449,621	8,741,894	1,593,125	2005	5 - 40
505 Independence Parkway	Chesapeake, VA	—	1,292,062	6,456,515	1,167,659	1,292,254	7,623,982	8,916,236	1,559,011	2005	5 - 40
510 Independence Parkway	Chesapeake, VA	—	2,012,149	7,546,882	945,228	2,014,689	8,489,570	10,504,259	1,863,681	2005	5 - 40
676 Independence Parkway	Chesapeake, VA	—	1,527,303	—	11,321,991	1,562,903	11,286,391	12,849,294	1,010,996	2006	5 - 40
700 Independence Parkway	Chesapeake, VA	—	1,950,375	7,236,994	695,893	1,951,135	7,932,127	9,883,262	2,144,725	2004	5 - 40
6230 Old Dobbin Lane	Colombia, MD	—	3,004,075	—	7,868,622	2,746,455	8,126,242	10,872,697	2,013,211	2004	5 - 40
6200 Old Dobbin Lane	Columbia, MD	—	958,105	—	3,828,691	1,295,000	3,491,796	4,786,796	987,855	2002	5 - 40
6210 Old Dobbin Lane	Columbia, MD	—	958,105	—	4,140,646	1,307,300	3,791,451	5,098,751	1,253,108	2002	5 - 40
6220 Old Dobbin Lane	Columbia, MD	—	3,865,848	—	7,741,067	3,166,951	8,439,964	11,606,915	1,469,750	2006	5 - 40
6240 Old Dobbin Lane	Columbia, MD	—	958,105	—	4,035,885	1,599,259	3,394,731	4,993,990	894,485	2000	5 - 40
6250 Old Dobbin Lane	Columbia, MD	—	958,105	—	3,626,552	1,295,000	3,289,657	4,584,657	1,060,463	2002	5 - 40
9755 Patuxent Woods Drive	Columbia, MD	—	3,917,094	13,678,435	3,186,432	3,922,382	16,859,579	20,781,961	2,669,096	2006	5 - 40
9770 Patuxent Woods Drive	Columbia, MD	—	341,663	3,033,309	1,876,157	341,663	4,909,466	5,251,129	2,180,837	1986	5 - 40
9780 Patuxent Woods Drive	Columbia, MD	—	218,542	1,940,636	694,384	218,542	2,635,020	2,853,562	1,085,437	1986	5 - 40
9790 Patuxent Woods Drive	Columbia, MD	—	243,791	2,164,094	675,071	243,791	2,839,165	3,082,956	1,133,196	1986	5 - 40
9800 Patuxent Woods Drive	Columbia, MD	—	299,099	2,654,069	835,685	299,099	3,489,754	3,788,853	1,348,718	1988	5 - 40
9810 Patuxent Woods Drive	Columbia, MD	—	266,684	2,366,901	836,994	266,684	3,203,895	3,470,579	1,169,811	1986	5 - 40
9820 Patuxent Woods Drive	Columbia, MD	—	237,779	2,110,835	1,136,339	237,779	3,247,174	3,484,953	1,317,725	1988	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
				Initial Cost			Gross Amount Carried at End of Period
Project	Location	Encumbrances		Land	Building	Costs Capitalized Subsequent to Acquisition	Land and Improvements	Building and Improvements	Total 12/31/2012	Accumulated Depreciation 12/31/2012	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
9830 Patuxent Woods Drive	Columbia, MD	—		296,262	2,628,933	582,878	296,262	3,211,811	3,508,073	1,303,411	1,986	5 - 40
1250 Hall Court	Deer Park, TX	2,780,889		829,570	4,680,603	145,123	831,611	4,823,685	5,655,296	803,089	2,006	5 - 40
170 Parkway West	Duncan, SC	—		598,348	3,584,023	232,890	598,918	3,816,343	4,415,261	756,385	2,006	5 - 40
190 Parkway West	Duncan, SC	—		551,663	3,151,517	212,352	552,211	3,363,321	3,915,532	594,261	2,006	5 - 40
265 Parkway East	Duncan, SC	—		901,444	5,399,523	542,505	902,374	5,941,098	6,843,472	1,268,669	2,006	5 - 40
285 Parkway East	Duncan, SC	—		975,433	5,545,234	665,213	976,393	6,209,487	7,185,880	1,050,421	2,006	5 - 40
3169 Dodd Road	Eagan, MN	—		988,594	6,418,735	182,665	988,594	6,601,400	7,589,994	148,286	2,012	5 - 40
3255 Neil Armstrong Boulevard	Eagan, MN	—	*	1,131,017	—	3,368,614	1,103,860	3,395,771	4,499,631	1,190,350	1,998	5 - 40
3711 Kennebec Drive	Eagan, MN	—		999,702	3,656,866	388,608	999,702	4,045,474	5,045,176	217,136	2,011	5 - 40
10301-10305 West 70th Street	Eden Prairie, MN	—		120,622	1,085,226	412,373	118,300	1,499,921	1,618,221	642,974	1,984	5 - 40
10321 West 70th Street	Eden Prairie, MN	—		145,198	1,305,700	483,786	142,399	1,792,285	1,934,684	593,660	1,984	5 - 40
10333 West 70th Street	Eden Prairie, MN	—		110,746	995,868	297,812	108,610	1,295,816	1,404,426	568,175	1,984	5 - 40
10349-10357 West 70th Street	Eden Prairie, MN	—		275,903	2,481,666	523,647	270,584	3,010,632	3,281,216	1,260,673	1,985	5 - 40
10365-10375 West 70th Street	Eden Prairie, MN	—		291,077	2,618,194	564,092	285,464	3,187,899	3,473,363	1,285,920	1,985	5 - 40
10393-10394 West 70th Street	Eden Prairie, MN	—		269,618	2,423,318	1,003,242	264,419	3,431,759	3,696,178	1,348,124	1,985	5 - 40
10400 Viking Drive	Eden Prairie, MN	—		2,912,391	—	22,492,416	2,938,372	22,466,435	25,404,807	8,819,451	1,999	5 - 40
6321-6325 Bury Drive	Eden Prairie, MN	—		462,876	4,151,790	1,490,605	462,876	5,642,395	6,105,271	1,967,575	1,988	5 - 40
7075 Flying Cloud Drive	Eden Prairie, MN	—		10,232,831	10,855,851	53,337	10,243,977	10,898,042	21,142,019	1,590,745	2,007	5 - 40
7078 Shady Oak Road	Eden Prairie, MN	—		343,093	3,085,795	1,500,861	336,481	4,593,268	4,929,749	1,641,183	1,985	5 - 40
7400 Flying Cloud Drive	Eden Prairie, MN	—		195,982	1,762,027	1,656,743	773,243	2,841,509	3,614,752	933,527	1,987	5 - 40
7615 Smetana Lane	Eden Prairie, MN	—		1,011,517	—	8,433,375	3,000,555	6,444,337	9,444,892	2,145,416	2,001	5 - 40
7625 Smetana Lane	Eden Prairie, MN	—		4,500,641	—	2,987,321	1,916,609	5,571,353	7,487,962	1,051,903	2,006	5 - 40
7660-7716 Golden Triangle Drive	Eden Prairie, MN	—		568,706	5,115,177	2,543,610	1,289,215	6,938,278	8,227,493	2,851,981	1,988	5 - 40
7695-7699 Anagram Drive	Eden Prairie, MN	—		760,525	3,254,758	637,651	760,525	3,892,409	4,652,934	1,797,299	1,997	5 - 40
7777 Golden Triangle Drive	Eden Prairie, MN	—		993,101	2,136,862	1,152,171	993,101	3,289,033	4,282,134	1,191,667	2,000	5 - 40
7800 Equitable Drive	Eden Prairie, MN	—		2,188,525	3,788,762	146,688	2,188,525	3,935,450	6,123,975	1,369,691	1,993	5 - 40
7905 Fuller Road	Eden Prairie, MN	—		1,229,862	4,075,167	1,980,136	1,230,965	6,054,200	7,285,165	2,605,528	1,994	5 - 40
8855 Columbine Road	Eden Prairie, MN	—		1,400,925	—	5,226,017	1,599,757	5,027,185	6,626,942	1,093,297	2,000	5 - 40
8911 Columbine Road (B2)	Eden Prairie, MN	—		916,687	—	3,766,331	1,718,407	2,964,611	4,683,018	961,772	2,000	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
				Initial Cost			Gross Amount Carried at End of Period
Project	Location	Encumbrances		Land	Building	Costs Capitalized Subsequent to Acquisition	Land and Improvements	Building and Improvements	Total 12/31/2012	Accumulated Depreciation 12/31/2012	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
8937 Columbine Road	Eden Prairie, MN	—		1,325,829	—	4,196,524	1,739,966	3,782,387	5,522,353	1,170,668	2001	5 - 40
8967 Columbine Road	Eden Prairie, MN	—		1,450,000	—	3,580,357	1,450,000	3,580,357	5,030,357	1,324,269	2000	5 - 40
8995 Columbine Road	Eden Prairie, MN	—		1,087,594	—	3,669,304	2,055,296	2,701,602	4,756,898	927,105	2001	5 - 40
9023 Columbine Road	Eden Prairie, MN	—		1,956,273	—	4,878,828	1,956,273	4,878,828	6,835,101	1,935,384	1999	5 - 40
7351 Coca Cola Drive	Elkridge, MD	—		1,897,044	—	7,161,615	3,023,417	6,035,242	9,058,659	1,095,316	2006	5 - 40
21705-21707 Mississippi Street	Elwood, IL	—		10,594,259	30,240,876	468,426	10,594,259	30,709,302	41,303,561	1,200,753	2011	5 - 40
27143 S. Baseline Road	Elwood, IL	—		6,022,000	5,566,330	238,590	6,022,000	5,804,920	11,826,920	261,712	2011	5 - 40
180 Sheree Boulevard	Exton, PA	4,633,690		2,647,861	10,181,016	3,809,421	2,649,426	13,988,872	16,638,298	2,696,545	2007	5 - 40
1100 Virginia Drive	Fort Washington, PA	—		35,619,946	50,384,186	16,927,524	36,374,955	66,556,701	102,931,656	11,664,074	2006	5 - 40
1250 Virginia Drive	Fort Washington, PA	—		1,639,166	1,928,574	309,971	1,650,703	2,227,008	3,877,711	371,886	2005	5 - 40
275 Commerce Drive	Fort Washington, PA	—		1,775,894	2,160,855	7,601,617	1,790,041	9,748,325	11,538,366	1,552,263	2005	5 - 40
414 Commerce Drive	Fort Washington, PA	—		1,267,194	2,217,460	617,386	1,267,937	2,834,103	4,102,040	619,550	2004	5 - 40
420 Delaware Drive	Fort Washington, PA	—		2,766,931	—	8,802,494	2,826,994	8,742,431	11,569,425	1,461,872	2005	5 - 40
9601 Cosner Drive	Fredericksburg, VA	—		475,262	3,917,234	242,595	475,262	4,159,829	4,635,091	1,818,049	1995	5 - 40
200 W Cypress Creek Road	Ft Lauderdale, FL	—		3,414,989	2,399,738	9,124,335	3,414,989	11,524,073	14,939,062	2,415,744	2003	5 - 40
5410 - 5430 Northwest 33rd Avenue	Ft. Lauderdale, FL	—		603,776	4,176,238	1,422,957	625,111	5,577,860	6,202,971	2,080,988	1985	5 - 40
116 Pleasant Ridge Road	Greenville, SC	—		1,547,811	—	14,085,575	3,712,683	11,920,703	15,633,386	1,345,706	2006	5 - 40
45 Brookfield Oaks Drive	Greenville, SC	—		818,114	—	4,310,278	825,529	4,302,863	5,128,392	541,950	2006	5 - 40
1487 South Highway 101	Greer, SC	—		464,237	—	5,729,472	1,301,738	4,891,971	6,193,709	482,594	2007	5 - 40
11841 Newgate Boulevard	Hagerstown, MD	—		3,356,207	—	30,555,105	9,741,685	24,169,627	33,911,312	2,854,489	2008	5 - 40
1 Enterprise Parkway	Hampton, VA	—		974,675	5,579,869	1,739,690	974,675	7,319,559	8,294,234	2,848,620	1987	5 - 40
1317 Executive Boulevard	Hampton, VA	—		1,650,423	—	7,942,718	1,128,829	8,464,312	9,593,141	1,435,173	2006	5 - 40
21 Enterprise Parkway	Hampton, VA	—		263,668	8,167,118	1,046,754	265,719	9,211,821	9,477,540	2,894,704	1999	5 - 40
22 Enterprise Parkway	Hampton, VA	—		1,097,368	6,760,778	1,378,098	1,097,368	8,138,876	9,236,244	3,033,736	1990	5 - 40
5 Manhattan Square	Hampton, VA	—		207,368	—	1,535,912	212,694	1,530,586	1,743,280	559,985	1999	5 - 40
521 Butler Farm Road	Hampton, VA	—		750,769	2,911,149	365,780	710,486	3,317,212	4,027,698	875,353	2003	5 - 40
7361 Coca Cola Drive	Hanover, MD	—		2,245,187	—	9,384,583	3,822,710	7,807,060	11,629,770	771,266	2004	5 - 40
500 McCarthy Drive	Harrisburg, PA	—	*	5,194,872	19,991,436	4,534,843	5,687,013	24,034,138	29,721,151	5,870,088	2005	5 - 40
600 Industrial Drive	Harrisburg, PA	—		7,743,800	—	29,097,362	9,368,557	27,472,605	36,841,162	5,356,024	2005	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
			Initial Cost			Gross Amount Carried at End of Period
Project	Location	Encumbrances	Land	Building	Costs Capitalized Subsequent to Acquisition	Land and Improvements	Building and Improvements	Total 12/31/2012	Accumulated Depreciation 12/31/2012	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
1498 Eagle Hill Drive	High Point, NC	—	94,274	—	6,197,538	791,880	5,499,932	6,291,812	833,771	2005	5 - 40
4183 Eagle Hill Drive	High Point, NC	—	122,203	—	3,250,598	526,266	2,846,535	3,372,801	854,677	2001	5 - 40
4189 Eagle Hill Drive	High Point, NC	—	100,106	—	3,501,345	431,106	3,170,345	3,601,451	1,106,642	2001	5 - 40
4195 Eagle Hill Drive	High Point, NC	—	107,586	—	3,543,825	505,700	3,145,711	3,651,411	696,113	2004	5 - 40
4300 Federal Drive	High Point, NC	—	264,038	—	2,128,781	276,038	2,116,781	2,392,819	677,247	1998	5 - 40
4328, 4336 Federal Drive	High Point, NC	2,471,065	521,122	—	7,306,605	825,092	7,002,635	7,827,727	4,204,766	1995	5 - 40
4344 Federal Drive	High Point, NC	—	484,001	—	2,848,373	173,623	3,158,751	3,332,374	1,404,706	1996	5 - 40
4380 Federal Drive	High Point, NC	—	282,996	—	2,148,892	283,368	2,148,520	2,431,888	844,852	1997	5 - 40
4388 Federal Drive	High Point, NC	—	143,661	—	1,213,832	132,655	1,224,838	1,357,493	453,915	1997	5 - 40
4475 Premier Drive	High Point, NC	—	748,693	—	6,801,791	1,525,421	6,025,063	7,550,484	675,961	2006	5 - 40
4500 Green Point Drive	High Point, NC	—	230,622	—	2,273,803	231,692	2,272,733	2,504,425	1,186,696	1989	5 - 40
4501 Green Point Drive	High Point, NC	—	319,289	—	3,092,344	320,450	3,091,183	3,411,633	1,324,034	1989	5 - 40
4523 Green Point Drive	High Point, NC	—	234,564	—	3,304,700	235,698	3,303,566	3,539,264	1,655,030	1988	5 - 40
4524 Green Point Drive	High Point, NC	—	182,810	—	2,738,364	183,888	2,737,286	2,921,174	1,383,159	1989	5 - 40
100 Gibraltar Road	Horsham, PA	—	38,729	349,811	59,073	38,729	408,884	447,613	140,166	1975	5 - 40
100 Witmer Road	Horsham, PA	—	3,102,784	—	20,472,373	3,764,784	19,810,373	23,575,157	5,969,535	1996	5 - 40
100-107 Lakeside Drive	Horsham, PA	—	239,528	2,163,498	462,398	255,528	2,609,896	2,865,424	971,382	1982	5 - 40
101 Gibraltar Road	Horsham, PA	—	651,990	5,888,989	1,923,603	732,552	7,732,030	8,464,582	2,995,795	1977	5 - 40
101-111 Rock Road	Horsham, PA	—	350,561	3,166,389	1,163,717	452,251	4,228,416	4,680,667	1,724,474	1975	5 - 40
102 Rock Road	Horsham, PA	—	1,110,209	2,301,302	1,203,706	1,185,500	3,429,717	4,615,217	1,038,610	1985	5 - 40
103-109 Gibraltar Road	Horsham, PA	—	270,906	2,448,500	362,164	270,906	2,810,664	3,081,570	1,118,468	1978	5 - 40
104 Witmer Road	Horsham, PA	—	1,248,148	—	593,622	189,793	1,651,977	1,841,770	599,777	1975	5 - 40
110 Gibraltar Road	Horsham, PA	—	673,041	5,776,369	2,503,096	673,041	8,279,465	8,952,506	3,433,460	1979	5 - 40
111-159 Gibraltar Road	Horsham, PA	—	489,032	4,126,151	1,184,555	489,032	5,310,706	5,799,738	2,190,060	1981	5 - 40
113-123 Rock Road	Horsham, PA	—	351,072	3,171,001	709,029	451,731	3,779,371	4,231,102	1,458,646	1975	5 - 40
120 Gibraltar Road	Horsham, PA	—	533,142	4,830,515	1,855,638	558,142	6,661,153	7,219,295	2,430,944	1980	5 - 40
123-135 Rock Road	Horsham, PA	—	292,360	2,411,677	2,125,649	393,019	4,436,667	4,829,686	1,568,357	1975	5 - 40
132 Welsh Road	Horsham, PA	—	1,333,642	—	4,110,782	1,408,041	4,036,383	5,444,424	1,736,821	1998	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
			Initial Cost			Gross Amount Carried at End of Period
Project	Location	Encumbrances	Land	Building	Costs Capitalized Subsequent to Acquisition	Land and Improvements	Building and Improvements	Total 12/31/2012	Accumulated Depreciation 12/31/2012	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
161-175 Gibraltar Road	Horsham, PA	—	294,673	2,663,722	957,148	294,673	3,620,870	3,915,543	1,456,312	1976	5 - 40
181-187 Gibraltar Road	Horsham, PA	—	360,549	3,259,984	787,154	360,549	4,047,138	4,407,687	1,747,214	1982	5 - 40
2 Walnut Grove Drive	Horsham, PA	—	1,281,870	7,767,374	1,368,807	1,265,363	9,152,688	10,418,051	3,734,061	1989	5 - 40
200 Gibraltar Road	Horsham, PA	—	638,513	5,811,323	1,898,474	638,513	7,709,797	8,348,310	2,932,775	1990	5 - 40
200-264 Lakeside Drive	Horsham, PA	—	502,705	4,540,597	2,318,765	502,705	6,859,362	7,362,067	2,435,447	1982	5 - 40
201 Gibraltar Road	Horsham, PA	—	380,127	3,433,433	2,326,813	380,802	5,759,571	6,140,373	2,134,443	1983	5 - 40
210-223 Witmer Road	Horsham, PA	—	270,282	2,441,276	1,954,380	270,282	4,395,656	4,665,938	1,646,500	1972	5 - 40
220 Gibraltar Road	Horsham, PA	—	629,944	5,733,228	1,198,484	629,944	6,931,712	7,561,656	3,081,835	1990	5 - 40
231-237 Gibraltar Road	Horsham, PA	—	436,952	3,948,963	1,008,706	436,952	4,957,669	5,394,621	2,041,929	1981	5 - 40
240 Gibraltar Road	Horsham, PA	—	629,944	5,733,234	1,667,071	629,944	7,400,305	8,030,249	3,432,271	1990	5 - 40
255 Business Center Drive	Horsham, PA	—	1,154,289	2,007,214	730,765	1,140,597	2,751,671	3,892,268	782,693	2003	5 - 40
261-283 Gibraltar Road	Horsham, PA	—	464,871	3,951,972	1,781,425	464,871	5,733,397	6,198,268	2,160,531	1978	5 - 40
300 Welsh Road	Horsham, PA	—	696,061	3,339,991	570,429	696,061	3,910,420	4,606,481	1,610,518	1985	5 - 40
300 Welsh Road - Building 3	Horsham, PA	—	180,459	1,441,473	602,418	180,459	2,043,891	2,224,350	766,680	1983	5 - 40
300 Welsh Road - Building 4	Horsham, PA	—	282,493	2,256,508	1,740,348	282,493	3,996,856	4,279,349	1,615,523	1983	5 - 40
300-309 Lakeside Drive	Horsham, PA	—	369,475	3,338,761	1,822,004	376,475	5,153,765	5,530,240	2,377,024	1982	5 - 40
335 Commerce Drive	Horsham, PA	—	—	—	8,898,941	182,400	8,716,541	8,898,941	2,320,824	2002	5 - 40
355 Business Center Drive	Horsham, PA	—	483,045	898,798	520,506	471,171	1,431,178	1,902,349	451,623	2003	5 - 40
4 Walnut Grove	Horsham, PA	—	2,515,115	—	10,809,109	2,515,115	10,809,109	13,324,224	3,987,158	1999	5 - 40
400-445 Lakeside Drive	Horsham, PA	—	543,628	4,910,226	2,440,949	583,628	7,311,175	7,894,803	2,984,953	1981	5 - 40
455 Business Center Drive	Horsham, PA	—	1,351,011	2,503,449	1,827,089	1,322,317	4,359,232	5,681,549	1,128,658	2003	5 - 40
5 Walnut Grove Drive	Horsham, PA	—	1,065,951	—	10,537,565	1,939,712	9,663,804	11,603,516	3,234,764	2000	5 - 40
506 Prudential Road	Horsham, PA	—	208,140	895,470	894,621	208,140	1,790,091	1,998,231	725,863	1973	5 - 40
555 Business Center Drive	Horsham, PA	—	727,420	1,353,650	590,775	709,967	1,961,878	2,671,845	394,807	2003	5 - 40
680 Blair Mill Road	Horsham, PA	—	3,527,151	—	17,475,489	4,138,577	16,864,063	21,002,640	4,624,063	2001	5 - 40
7 Walnut Grove Drive	Horsham, PA	—	2,631,696	—	18,432,489	2,631,956	18,432,229	21,064,185	2,495,383	2006	5 - 40
700 Dresher Road	Horsham, PA	—	2,551,777	3,020,638	2,421,163	2,565,140	5,428,438	7,993,578	2,000,659	1987	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
				Initial Cost			Gross Amount Carried at End of Period
Project	Location	Encumbrances		Land	Building	Costs Capitalized Subsequent to Acquisition	Land and Improvements	Building and Improvements	Total 12/31/2012	Accumulated Depreciation 12/31/2012	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
507 Prudential Road	Horsham, PA			644,900	5,804,100	8,408,030	1,131,380	13,725,650	14,857,030	5,932,749	1988	5 - 40
747 Dresher Road	Horsham, PA	—		1,607,238	—	5,032,004	1,607,977	5,031,265	6,639,242	2,848,287	1988	5 - 40
767 Electronic Drive	Horsham, PA	—		1,229,685	—	2,436,397	1,241,970	2,424,112	3,666,082	1,203,195	1996	5 - 40
10301 Round Up Lane	Houston, TX	—		545,501	2,927,700	647,820	545,501	3,575,520	4,121,021	151,851	2010	5 - 40
10305 Round Up Lane	Houston, TX	—		1,340,609	7,489,720	3,132,595	1,340,609	10,622,315	11,962,924	415,125	2010	5 - 40
10735 West Little York Road	Houston, TX	—	*	1,110,988	6,351,946	2,244,493	1,135,483	8,571,944	9,707,427	1,974,061	2000	5 - 40
10739 West Little York Road	Houston, TX	—	*	797,931	5,950,894	275,922	799,560	6,225,187	7,024,747	1,590,735	1999	5 - 40
11201 Greens Crossing Boulevard	Houston, TX	—	*	1,006,194	5,412,584	2,777,537	1,008,542	8,187,773	9,196,315	1,335,539	2007	5 - 40
14200 Hollister Road	Houston, TX	—		1,396,794	—	4,854,459	1,699,632	4,551,621	6,251,253	76,214	2011	5 - 40
16405 Air Center Boulevard	Houston, TX	—	*	438,853	3,030,396	467,475	438,853	3,497,871	3,936,724	1,391,979	1997	5 - 40
16445 Air Center Boulevard	Houston, TX	—	*	363,339	2,509,186	253,123	363,339	2,762,309	3,125,648	1,033,854	1997	5 - 40
1646 Rankin Road	Houston, TX	—	*	329,961	—	4,983,836	592,234	4,721,563	5,313,797	1,108,215	2005	5 - 40
16580 Air Center Boulevard	Houston, TX	—	*	289,000	3,559,857	290,890	289,000	3,850,747	4,139,747	1,320,572	1997	5 - 40
16602 Central Green Boulevard	Houston, TX	—	*	284,403	—	4,495,522	503,779	4,276,146	4,779,925	797,099	2005	5 - 40
16605 Air Center Boulevard	Houston, TX	—	*	298,999	—	3,333,536	496,186	3,136,349	3,632,535	842,762	2002	5 - 40
16680 Central Green Boulevard	Houston, TX	—	*	311,952	—	4,165,907	492,869	3,984,990	4,477,859	698,360	2001	5 - 40
16685 Air Center Boulevard	Houston, TX	—	*	—	—	2,905,166	414,691	2,490,475	2,905,166	547,622	2004	5 - 40
1755 Trans Central Drive	Houston, TX	—	*	293,534	3,036,269	469,765	306,147	3,493,421	3,799,568	1,006,097	1999	5 - 40
5200 N. Sam Houston Parkway	Houston, TX	—	*	1,519,458	7,135,548	3,484,365	1,520,074	10,619,297	12,139,371	1,792,374	2007	5 - 40
5250 N. Sam Houston Parkway	Houston, TX	—	*	2,173,287	8,868,256	2,581,783	2,173,942	11,449,384	13,623,326	1,663,552	2007	5 - 40
5500 N. Sam Houston Parkway West	Houston, TX	—		1,243,541	—	6,406,104	1,513,151	6,136,494	7,649,645	22,634	2011	5 - 40
8103 Fallbrook Drive	Houston, TX	—	*	4,515,862	—	23,946,674	5,877,884	22,584,652	28,462,536	2,923,877	2006	5 - 40
850 Greens Parkway	Houston, TX	—	*	2,893,405	11,593,197	2,803,196	2,899,861	14,389,937	17,289,798	1,937,750	2007	5 - 40
860 Greens Parkway	Houston, TX	—	*	1,399,365	6,344,650	1,579,558	1,374,012	7,949,561	9,323,573	1,081,655	2007	5 - 40
8801-19 & 8821-49 Fallbrook Drive	Houston, TX	—	*	2,290,001	15,297,141	1,942,017	2,290,002	17,239,157	19,529,159	4,278,401	2000	5 - 40
8802-8824 Fallbrook Drive	Houston, TX	—	*	2,774,995	6,364,767	1,323,270	2,775,021	7,688,011	10,463,032	1,862,584	2004	5 - 40
8825-8839 N Sam Houston Pkwy	Houston, TX	—	*	638,453	3,258,815	709,721	638,477	3,968,512	4,606,989	972,040	2004	5 - 40
8850-8872 Fallbrook Drive	Houston, TX	—	*	504,317	2,878,351	1,054,230	504,341	3,932,557	4,436,898	1,119,479	2004	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
			Initial Cost			Gross Amount Carried at End of Period
Project	Location	Encumbrances	Land	Building	Costs Capitalized Subsequent to Acquisition	Land and Improvements	Building and Improvements	Total 12/31/2012	Accumulated Depreciation 12/31/2012	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
10 North Park Drive	Hunt Valley, MD	—	2,211,969	7,816,042	4,066,771	2,211,969	11,882,813	14,094,782	2,323,045	2003	5 - 40
20 Wright Avenue	Hunt Valley, MD	—	1,205,946	—	10,035,875	1,861,025	9,380,796	11,241,821	3,369,085	2001	5 - 40
307 International Circle	Hunt Valley, MD	—	3,538,319	14,190,832	14,271,044	3,542,881	28,457,314	32,000,195	6,745,578	2004	5 - 40
309 International Circle	Hunt Valley, MD	—	613,667	2,458,204	1,101,241	615,096	3,558,016	4,173,112	722,028	2004	5 - 40
311 International Circle	Hunt Valley, MD	—	313,365	1,281,093	121,986	314,572	1,401,872	1,716,444	265,528	2004	5 - 40
4 North Park Drive	Hunt Valley, MD	—	3,269,948	13,551,370	5,291,523	3,269,948	18,842,893	22,112,841	4,490,794	2003	5 - 40
6 North Park Drive	Hunt Valley, MD	—	2,077,949	8,770,566	1,997,827	2,077,949	10,768,393	12,846,342	2,968,013	2003	5 - 40
10245 Centurion Parkway North	Jacksonville, FL	—	852,644	3,510,889	925,812	853,704	4,435,641	5,289,345	1,532,813	1996	5 - 40
4190 Belfort Road	Jacksonville, FL	—	821,000	5,866,000	2,447,734	827,420	8,307,314	9,134,734	3,668,892	1986	5 - 40
4345 Southpoint Parkway	Jacksonville, FL	—	—	—	8,599,894	418,093	8,181,801	8,599,894	2,988,317	1998	5 - 40
4801 Executive Park Court - 100	Jacksonville, FL	—	554,993	2,993,277	280,903	554,542	3,274,631	3,829,173	1,233,797	1990	5 - 40
4801 Executive Park Court - 200	Jacksonville, FL	—	370,017	1,995,518	191,034	370,039	2,186,530	2,556,569	855,635	1990	5 - 40
4810 Executive Park Court	Jacksonville, FL	—	369,694	3,045,639	782,108	370,039	3,827,402	4,197,441	1,530,723	1990	5 - 40
4815 Executive Park Court - 100	Jacksonville, FL	—	366,317	1,975,393	78,401	366,339	2,053,772	2,420,111	746,594	1995	5 - 40
4815 Executive Park Court - 200	Jacksonville, FL	—	462,522	2,494,397	345,175	462,549	2,839,545	3,302,094	1,042,435	1995	5 - 40
4820 Executive Park Court	Jacksonville, FL	—	555,173	2,693,130	605,408	555,213	3,298,498	3,853,711	1,284,863	1997	5 - 40
4825 Executive Park Court	Jacksonville, FL	—	601,278	3,242,491	50,343	601,401	3,292,711	3,894,112	1,259,298	1996	5 - 40
4875 Belfort Road	Jacksonville, FL	—	2,089,347	—	13,024,417	2,287,152	12,826,612	15,113,764	1,793,058	1998	5 - 40
4887 Belfort Road	Jacksonville, FL	—	1,299,202	—	7,921,089	1,665,915	7,554,376	9,220,291	2,670,342	2002	5 - 40
4899 Belfort Road	Jacksonville, FL	—	1,299,201	—	7,852,142	1,168,062	7,983,281	9,151,343	2,730,928	2000	5 - 40
4901 Belfort Road	Jacksonville, FL	—	877,964	2,360,742	1,749,279	877,964	4,110,021	4,987,985	1,730,837	1986	5 - 40
4905 Belfort Street	Jacksonville, FL	—	638,154	—	3,257,564	641,272	3,254,446	3,895,718	1,163,576	2000	5 - 40
5201 Gate Parkway	Jacksonville, FL	—	3,836,532	—	21,433,694	4,269,346	21,000,880	25,270,226	5,204,196	2005	5 - 40
6601 Executive Park Circle North	Jacksonville, FL	—	551,250	3,128,361	267,953	551,250	3,396,314	3,947,564	1,245,018	1992	5 - 40
6602 Executive Park Court - 100	Jacksonville, FL	—	388,519	2,095,293	217,788	388,541	2,313,059	2,701,600	878,603	1993	5 - 40
6602 Executive Park Court - 200	Jacksonville, FL	—	296,014	1,596,347	413,216	296,032	2,009,545	2,305,577	752,432	1993	5 - 40
6631 Executive Park Court - 100	Jacksonville, FL	—	251,613	1,356,849	477,995	251,627	1,834,830	2,086,457	840,339	1994	5 - 40
6631 Executive Park Court - 200	Jacksonville, FL	—	406,561	2,195,070	435,692	407,043	2,630,280	3,037,323	1,077,944	1994	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
			Initial Cost			Gross Amount Carried at End of Period
Project	Location	Encumbrances	Land	Building	Costs Capitalized Subsequent to Acquisition	Land and Improvements	Building and Improvements	Total 12/31/2012	Accumulated Depreciation 12/31/2012	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
6680 Southpoint Parkway	Jacksonville, FL	—	998,432	4,055,727	1,153,152	1,002,704	5,204,607	6,207,311	2,329,583	1986	5 - 40
6700 Southpoint Parkway	Jacksonville, FL	—	620,719	2,989,746	188,569	624,215	3,174,819	3,799,034	1,299,964	1987	5 - 40
7014 AC Skinner Parkway	Jacksonville, FL	—	574,198	—	3,444,377	780,486	3,238,089	4,018,575	1,142,614	1999	5 - 40
7016 AC Skinner Parkway	Jacksonville, FL	—	597,181	—	2,373,251	602,633	2,367,799	2,970,432	1,328,508	1996	5 - 40
7018 AC Skinner Parkway	Jacksonville, FL	—	840,996	—	3,584,514	846,461	3,579,049	4,425,510	1,508,744	1997	5 - 40
7020 AC Skinner Parkway	Jacksonville, FL	—	398,257	—	2,327,622	749,811	1,976,068	2,725,879	890,932	1996	5 - 40
7022 AC Skinner Parkway	Jacksonville, FL	—	706,934	—	2,984,235	853,981	2,837,188	3,691,169	1,301,315	1996	5 - 40
7077 Bonneval Road	Jacksonville, FL	—	768,000	5,789,000	2,642,514	774,020	8,425,494	9,199,514	4,201,054	1988	5 - 40
7251 Salisbury Road	Jacksonville, FL	—	—	—	3,382,617	662,559	2,720,058	3,382,617	817,888	2000	5 - 40
7255 Salisbury Road	Jacksonville, FL	—	392,060	—	2,653,838	680,766	2,365,132	3,045,898	580,895	2002	5 - 40
7259 Salisbury Road	Jacksonville, FL	—	1,228,709	—	4,724,437	1,179,063	4,774,083	5,953,146	5,957	2012	5 - 40
8665,8667,8669 Baypine Road	Jacksonville, FL	—	966,552	—	5,398,317	974,959	5,389,910	6,364,869	2,869,575	1987	5 - 40
8775 Baypine Road	Jacksonville, FL	—	906,804	—	9,842,206	913,013	9,835,997	10,749,010	4,316,770	1989	5 - 40
151 South Warner Road	King of Prussia, PA	—	1,218,086	6,937,866	7,191,697	1,187,900	14,159,749	15,347,649	1,820,036	1980	5 - 40
180 South Warner Drive	King of Prussia, PA	—	—	—	9,749,428	—	9,749,428	9,749,428	612,993	2009	5 - 40
2100 Renaissance Boulevard	King of Prussia, PA	—	1,110,111	—	12,003,349	1,132,519	11,980,941	13,113,460	3,125,447	1999	5 - 40
2201 Renaissance Boulevard	King of Prussia, PA	—	—	—	17,648,408	2,413,514	15,234,894	17,648,408	4,901,071	2000	5 - 40
2300 Renaissance Boulevard	King of Prussia, PA	—	509,580	—	3,042,297	574,152	2,977,725	3,551,877	1,347,321	1999	5 - 40
2301 Renaissance Boulevard	King of Prussia, PA	—	1,645,246	—	30,080,438	4,581,649	27,144,035	31,725,684	9,366,432	2002	5 - 40
2500 Renaissance Boulevard	King of Prussia, PA	—	509,580	—	2,653,720	592,886	2,570,414	3,163,300	1,124,607	1999	5 - 40
2520 Renaissance Boulevard	King of Prussia, PA	—	1,020,000	—	4,621,206	978,402	4,662,804	5,641,206	1,971,168	1999	5 - 40
2560 Renaissance Boulevard	King of Prussia, PA	—	—	—	3,729,254	649,792	3,079,462	3,729,254	1,283,702	2000	5 - 40
2700 Horizon Drive	King of Prussia, PA	—	764,370	—	3,643,566	867,815	3,540,121	4,407,936	1,381,478	1998	5 - 40
2900 Horizon Drive	King of Prussia, PA	—	679,440	—	3,503,074	774,096	3,408,418	4,182,514	1,440,492	1998	5 - 40
3200 Horizon Drive	King of Prussia, PA	—	928,637	—	6,271,084	1,210,137	5,989,584	7,199,721	1,980,170	1996	5 - 40
3400 Horizon Drive	King of Prussia, PA	—	776,496	3,139,068	1,511,259	776,496	4,650,327	5,426,823	1,587,308	1995	5 - 40
3600 Horizon Drive	King of Prussia, PA	—	236,432	1,856,252	784,645	236,432	2,640,897	2,877,329	1,288,193	1989	5 - 40
3602 Horizon Drive	King of Prussia, PA	—	217,734	1,759,489	194,524	217,809	1,953,938	2,171,747	795,621	1989	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
				Initial Cost			Gross Amount Carried at End of Period
Project	Location	Encumbrances		Land	Building	Costs Capitalized Subsequent to Acquisition	Land and Improvements	Building and Improvements	Total 12/31/2012	Accumulated Depreciation 12/31/2012	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
3604 Horizon Drive	King of Prussia, PA	—		397,178	—	1,830,845	350,874	1,877,149	2,228,023	649,040	1998	5 - 40
440 East Swedesford Road	King of Prussia, PA	—		717,001	4,816,121	2,823,888	717,001	7,640,009	8,357,010	3,345,862	1988	5 - 40
460 East Swedesford Road	King of Prussia, PA	—		705,317	4,737,487	4,101,975	705,317	8,839,462	9,544,779	3,393,390	1988	5 - 40
650 Swedesford Road	King of Prussia, PA	—		952,911	6,722,830	7,998,201	952,911	14,721,031	15,673,942	6,275,267	1971	5 - 40
680 Swedesford Road	King of Prussia, PA	—		952,361	6,722,830	7,217,277	952,361	13,940,107	14,892,468	5,778,719	1971	5 - 40
170 South Warner Road	King of Prussia, PA	—		547,800	3,137,400	2,855,285	458,232	6,082,253	6,540,485	3,448,347	1980	5 - 40
190 South Warner Road	King of Prussia, PA	—		552,200	3,162,600	1,063,496	461,909	4,316,387	4,778,296	1,996,095	1980	5 - 40
3000 Horizon Drive	King of Prussia, PA	—		1,191,449	—	2,476,299	946,703	2,721,045	3,667,748	964,964	1997	5 - 40
3100 Horizon Drive	King of Prussia, PA	—		601,956	—	2,224,116	611,436	2,214,636	2,826,072	745,466	1995	5 - 40
3500 Horizon Drive	King of Prussia, PA	—		1,204,839	—	2,830,072	1,223,875	2,811,036	4,034,911	1,123,827	1996	5 - 40
1700 Interstate Drive	Lakeland, FL	—		650,000	5,359,845	84,375	650,000	5,444,220	6,094,220	8,569	2012	5 - 40
11425 State Highway 225	LaPorte, TX	—	*	975,974	3,291,952	126,040	977,542	3,416,424	4,393,966	630,381	2006	5 - 40
11503 State Highway 225	LaPorte, TX	—	*	2,561,931	9,593,118	339,649	2,566,047	9,928,651	12,494,698	1,685,895	2006	5 - 40
7528 Walker Way	Lehigh Valley, PA	—		893,441	—	5,510,456	779,330	5,624,567	6,403,897	1,419,546	2004	5 - 40
8301 Industrial Boulevard	Lehigh, PA	—		11,249,550	—	44,324,333	11,254,716	44,319,167	55,573,883	8,008,883	2005	5 - 40
8500 Willard Drive	Lehigh, PA	3,054,750		6,398,815	—	21,851,472	7,734,826	20,515,461	28,250,287	2,482,104	2004	5 - 40
7533 Insurtial Parkway	Lower Macungie, PA	—		5,603,460	18,807,987	2,434,039	5,603,460	21,242,026	26,845,486	1,197,518	2011	5 - 40
1901 Summit Tower Boulevard	Maitland, FL	—		6,078,791	12,348,567	2,047,679	6,083,206	14,391,831	20,475,037	5,771,297	1998	5 - 40
1 Country View Road	Malvern, PA	—		400,000	3,600,000	437,856	406,421	4,031,435	4,437,856	2,223,299	1982	5 - 40
1 Great Valley Parkway	Malvern, PA	—		419,460	3,792,570	813,913	419,460	4,606,483	5,025,943	1,690,775	1982	5 - 40
10 Great Valley Parkway	Malvern, PA	—		823,540	1,341,376	459,973	832,244	1,792,645	2,624,889	519,885	2003	5 - 40
100 Chesterfield Parkway	Malvern, PA	—		1,320,625	—	6,709,379	1,451,139	6,578,865	8,030,004	3,232,114	1998	5 - 40
1001 Cedar Hollow Road	Malvern, PA	—		1,436,814	—	16,128,428	1,676,470	15,888,772	17,565,242	7,374,286	1998	5 - 40
11 Great Valley Parkway	Malvern, PA	—		496,297	—	2,960,712	708,331	2,748,678	3,457,009	818,775	2001	5 - 40
11,15 Great Valley Parkway	Malvern, PA	—		1,837,050	—	14,958,472	1,837,878	14,957,644	16,795,522	11,336,838	1986	5 - 40
18 Great Valley Parkway	Malvern, PA	—		394,036	3,976,221	68,969	397,293	4,041,933	4,439,226	1,402,305	1980	5 - 40
2 West Liberty Boulevard	Malvern, PA	—		5,405,041	—	11,846,282	5,405,042	11,846,281	17,251,323	2,771,172	2003	5 - 40
200 Chesterfield Parkway	Malvern, PA	—		495,893	2,739,093	578,648	588,384	3,225,250	3,813,634	2,478,285	1989	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
			Initial Cost			Gross Amount Carried at End of Period
Project	Location	Encumbrances	Land	Building	Costs Capitalized Subsequent to Acquisition	Land and Improvements	Building and Improvements	Total 12/31/2012	Accumulated Depreciation 12/31/2012	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
27-43 Great Valley Parkway	Malvern, PA	—	448,775	—	2,347,289	449,447	2,346,617	2,796,064	1,753,983	1977	5 - 40
3 Country View Road	Malvern, PA	—	814,278	—	5,142,433	1,128,881	4,827,830	5,956,711	1,726,641	1998	5 - 40
375 Technology Drive	Malvern, PA	—	191,114	—	1,616,195	234,922	1,572,387	1,807,309	601,655	1998	5 - 40
40 Liberty Boulevard	Malvern, PA	—	4,241,137	17,737,090	2,649,251	4,241,167	20,386,311	24,627,478	7,924,812	1989	5 - 40
425 Technology Drive	Malvern, PA	—	191,114	—	1,700,603	321,473	1,570,244	1,891,717	588,227	1998	5 - 40
45 Liberty Boulevard	Malvern, PA	—	4,380,221	—	15,322,821	4,749,748	14,953,294	19,703,042	6,941,978	1999	5 - 40
45-67 Great Valley Parkway	Malvern, PA	—	795,143	—	4,195,540	795,831	4,194,852	4,990,683	2,784,680	1974	5 - 40
5 Great Valley Parkway	Malvern, PA	—	684,200	6,181,661	1,605,728	684,200	7,787,389	8,471,589	3,145,477	1983	5 - 40
50 Morehall Road	Malvern, PA	—	849,576	—	13,079,506	1,337,076	12,592,006	13,929,082	6,307,490	1997	5 - 40
600 Chesterfield Parkway	Malvern, PA	—	2,013,750	—	8,255,849	2,171,080	8,098,519	10,269,599	3,786,054	1999	5 - 40
700 Chesterfield Parkway	Malvern, PA	—	2,013,750	—	8,216,674	2,158,337	8,072,087	10,230,424	3,760,197	1999	5 - 40
10 Valley Stream Parkway	Malvern, PA	—	509,075	—	2,699,241	509,899	2,698,417	3,208,316	1,720,891	1984	5 - 40
10, 20 Liberty Boulevard	Malvern, PA	—	724,058	—	5,828,095	724,846	5,827,307	6,552,153	3,313,973	1985	5 - 40
12,14,16 Great Valley Parkway	Malvern, PA	—	130,689	—	1,326,294	128,767	1,328,216	1,456,983	877,803	1982	5 - 40
14 Lee Boulevard	Malvern, PA	—	664,282	—	5,569,322	643,892	5,589,712	6,233,604	3,522,564	1988	5 - 40
155 Great Valley Parkway	Malvern, PA	—	625,147	—	2,640,082	626,068	2,639,161	3,265,229	1,887,661	1981	5 - 40
20 Valley Stream Parkway	Malvern, PA	—	465,539	—	5,258,868	466,413	5,257,994	5,724,407	3,278,799	1987	5 - 40
257-275 Great Valley Parkway	Malvern, PA	—	504,611	—	5,076,691	505,458	5,075,844	5,581,302	3,279,873	1983	5 - 40
277-293 Great Valley Parkway	Malvern, PA	—	530,729	—	2,390,465	531,534	2,389,660	2,921,194	1,652,769	1984	5 - 40
30 Great Valley Parkway	Malvern, PA	—	128,126	—	554,378	128,783	553,721	682,504	340,151	1975	5 - 40
300 Technology Drive	Malvern, PA	—	368,626	—	1,350,184	374,497	1,344,313	1,718,810	853,114	1985	5 - 40
300-400 Chesterfield Parkway	Malvern, PA	—	937,212	—	5,162,646	1,012,843	5,087,015	6,099,858	2,755,579	1988	5 - 40
311 Technology Drive	Malvern, PA	—	397,131	—	2,983,506	397,948	2,982,689	3,380,637	1,897,101	1984	5 - 40
333 Phoenixville Pike	Malvern, PA	—	523,530	—	3,708,843	524,230	3,708,143	4,232,373	2,170,389	1985	5 - 40
40 Valley Stream Parkway	Malvern, PA	—	322,918	—	3,233,318	325,775	3,230,461	3,556,236	2,294,803	1987	5 - 40
420 Lapp Road	Malvern, PA	—	1,054,418	—	8,617,860	1,055,243	8,617,035	9,672,278	3,903,764	1989	5 - 40
5 Country View Road	Malvern, PA	—	785,168	4,678,632	885,185	786,235	5,562,750	6,348,985	2,750,581	1985	5 - 40
50 Valley Stream Parkway	Malvern, PA	—	323,971	—	3,112,785	323,792	3,112,964	3,436,756	2,054,064	1987	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
			Initial Cost			Gross Amount Carried at End of Period
Project	Location	Encumbrances	Land	Building	Costs Capitalized Subsequent to Acquisition	Land and Improvements	Building and Improvements	Total 12/31/2012	Accumulated Depreciation 12/31/2012	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
500 Chesterfield Parkway	Malvern, PA	—	472,364	—	2,922,205	519,742	2,874,827	3,394,569	1,601,361	1988	5 - 40
508 Lapp Road	Malvern, PA	—	331,392	—	1,712,794	332,216	1,711,970	2,044,186	1,198,302	1984	5 - 40
510 Lapp Road	Malvern, PA	—	356,950	—	926,587	357,751	925,786	1,283,537	702,362	1983	5 - 40
55 Valley Stream Parkway	Malvern, PA	—	215,005	—	4,048,827	215,818	4,048,014	4,263,832	2,739,220	1983	5 - 40
60 Morehall Road	Malvern, PA	—	865,424	9,285,000	5,182,805	884,974	14,448,255	15,333,229	8,775,233	1989	5 - 40
65 Valley Stream Parkway	Malvern, PA	—	381,544	—	6,715,903	382,361	6,715,086	7,097,447	4,817,405	1983	5 - 40
7 Great Valley Parkway	Malvern, PA	—	176,435	—	6,068,019	177,317	6,067,137	6,244,454	2,890,865	1985	5 - 40
75 Great Valley Parkway	Malvern, PA	—	143,074	—	618,372	143,811	617,635	761,446	492,163	1977	5 - 40
77-123 Great Valley Parkway	Malvern, PA	—	887,664	—	5,128,170	888,359	5,127,475	6,015,834	3,607,633	1978	5 - 40
7550 Meridian Circle	Maple Grove, MN	—	513,250	2,901,906	1,093,039	513,250	3,994,945	4,508,195	1,432,707	1989	5 - 40
301 Lippincott Drive	Marlton, NJ	—	1,069,837	4,780,163	3,399,019	1,069,838	8,179,181	9,249,019	2,617,454	1988	5 - 40
303 Lippincott Drive	Marlton, NJ	—	1,069,837	4,780,163	2,942,344	1,069,838	7,722,506	8,792,344	4,026,134	1988	5 - 40
400 Lippincott Drive	Marlton, NJ	—	69,402	—	3,668,348	317,799	3,419,951	3,737,750	1,508,543	1999	5 - 40
406 Lippincott Drive	Marlton, NJ	—	321,455	1,539,871	1,119,185	327,554	2,652,957	2,980,511	1,064,731	1990	5 - 40
65 Brookfield Oaks Drive	Mauldin, SC	—	557,174	—	2,842,439	506,318	2,893,295	3,399,613	497,224	2004	5 - 40
75 Brookfield Oaks Drive	Mauldin, SC	—	419,731	—	2,338,822	430,909	2,327,644	2,758,553	495,571	2003	5 - 40
4600 Nathan Lane	Minneapolis, MN	—	1,063,558	—	8,308,857	1,038,197	8,334,218	9,372,415	3,391,013	2002	5 - 40
4700 Nathan Lane North	Minneapolis, MN	—	1,501,308	8,446,083	13,598,534	1,501,308	22,044,617	23,545,925	4,167,217	1996	5 - 40
12501 & 12701 Whitewater Drive	Minnegonka, MN	—	2,175,209	3,948,085	8,512,893	2,177,953	12,458,234	14,636,187	3,190,381	1986	5 - 40
12800 Whitewater Drive	Minnetonka, MN	—	1,273,600	3,158,737	1,080,274	1,273,730	4,238,881	5,512,611	101,121	2011	5 - 40
12900 Whitewater Drive	Minnetonka, MN	—	1,236,560	2,762,325	1,016,780	1,236,686	3,778,979	5,015,665	88,467	2011	5 - 40
5400-5500 Feltl Road	Minnetonka, MN	—	883,895	7,983,345	2,453,848	883,895	10,437,193	11,321,088	4,156,664	1985	5 - 40
5600 & 5610 Rowland Road	Minnetonka, MN	—	828,650	7,399,409	1,611,297	829,263	9,010,093	9,839,356	3,363,765	1988	5 - 40
6000 Clearwater Drive	Minnetonka, MN	—	985,016	2,091,371	2,503,147	985,117	4,594,417	5,579,534	66,861	2011	5 - 40
456 International Parkway	Minooka, IL	—	3,862,683	13,673,262	684,719	3,862,683	14,357,981	18,220,664	247,114	2012	5 - 40
3100 SW 145th Avenue	Miramar, FL	—	6,204,407	—	17,043,437	6,265,000	16,982,844	23,247,844	1,663,898	2007	5 - 40
3350 SW 148th Avenue	Miramar, FL	—	2,960,511	—	18,244,896	2,980,689	18,224,718	21,205,407	6,789,968	2000	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
				Initial Cost			Gross Amount Carried at End of Period
Project	Location	Encumbrances		Land	Building	Costs Capitalized Subsequent to Acquisition	Land and Improvements	Building and Improvements	Total 12/31/2012	Accumulated Depreciation 12/31/2012	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
3400 Lakeside Drive	Miramar, FL	—		2,022,153	11,345,881	1,703,556	2,022,153	13,049,437	15,071,590	4,956,270	1990	5 - 40
3450 Lakeside Drive	Miramar, FL	—		2,022,152	11,357,143	2,702,765	2,022,152	14,059,908	16,082,060	5,681,575	1990	5 - 40
323 Park Knoll Drive	Morrisville, NC	2,690,326		1,071,600	4,294,089	938,228	1,071,600	5,232,317	6,303,917	464,061	2010	5 - 40
324 Park Knoll Drive	Morrisville, NC	—	*	1,449,092	4,252,934	502,293	1,449,450	4,754,869	6,204,319	751,123	2007	5 - 40
619 Distribution Drive	Morrisville, NC	—	*	1,031,430	5,466,955	529,813	1,031,685	5,996,513	7,028,198	911,987	2007	5 - 40
627 Distribution Drive	Morrisville, NC	—	*	1,061,370	4,971,939	772,687	1,061,632	5,744,364	6,805,996	801,595	2007	5 - 40
701 Distribution Drive	Morrisville, NC	—	*	1,300,889	5,147,960	372,450	1,301,211	5,520,088	6,821,299	841,066	2007	5 - 40
330 Fellowship Road	Mount Laurel, NJ	—		3,730,570	—	17,127,277	3,758,270	17,099,577	20,857,847	2,114,000	2006	5 - 40
300 Fellowship Road	Mt Laurel, NJ	—		—	—	7,354,051	1,098,904	6,255,147	7,354,051	1,676,701	2004	5 - 40
3001 Leadenhall Road	Mt Laurel, NJ	—		1,925,719	191,390	10,965,396	1,936,489	11,146,016	13,082,505	3,363,501	2003	5 - 40
302 Fellowship Road	Mt Laurel, NJ	—		1,512,120	—	2,876,559	539,060	3,849,619	4,388,679	747,465	2001	5 - 40
350 Fellowship Road	Mt Laurel, NJ	—		2,960,159	1,449,611	4,622,153	2,970,687	6,061,236	9,031,923	1,242,368	2006	5 - 40
1000 Briggs Road	Mt. Laurel, NJ	—		288,577	2,546,537	1,757,724	288,577	4,304,261	4,592,838	1,535,702	1986	5 - 40
1001 Briggs Road	Mt. Laurel, NJ	—		701,705	3,505,652	2,115,907	701,705	5,621,559	6,323,264	2,715,719	1986	5 - 40
1015 Briggs Road	Mt. Laurel, NJ	—		356,987	—	3,602,599	470,659	3,488,927	3,959,586	1,312,844	2000	5 - 40
1020 Briggs Road	Mt. Laurel, NJ	—		494,334	—	3,818,894	569,184	3,744,044	4,313,228	1,441,594	1999	5 - 40
1025 Briggs Road	Mt. Laurel, NJ	—		430,990	3,714,828	1,308,915	430,990	5,023,743	5,454,733	2,198,737	1987	5 - 40
11000, 15000 Commerce Parkway	Mt. Laurel, NJ	—		310,585	4,394,900	279,828	311,950	4,673,363	4,985,313	2,307,105	1985	5 - 40
12000, 14000 Commerce Parkway	Mt. Laurel, NJ	—		361,800	3,285,817	881,054	362,855	4,165,816	4,528,671	2,048,995	1985	5 - 40
16000, 18000 Commerce Parkway	Mt. Laurel, NJ	—		289,700	2,512,683	1,021,740	290,545	3,533,578	3,824,123	1,742,754	1985	5 - 40
17000 Commerce Parkway	Mt. Laurel, NJ	—		144,515	—	2,948,572	144,515	2,948,572	3,093,087	1,006,545	2001	5 - 40
5000 Dearborn Court	Mt. Laurel, NJ	—		1,057,763	4,191,827	1,251,735	1,058,832	5,442,493	6,501,325	1,871,182	1988	5 - 40
6000 Commerce Parkway	Mt. Laurel, NJ	—		234,151	2,022,683	515,996	234,151	2,538,679	2,772,830	984,530	1985	5 - 40
8000 Commerce Parkway	Mt. Laurel, NJ	—		234,814	1,995,098	587,719	234,814	2,582,817	2,817,631	1,121,048	1983	5 - 40
9000 Commerce Parkway	Mt. Laurel, NJ	—		286,587	2,474,820	1,352,500	286,587	3,827,320	4,113,907	1,516,718	1983	5 - 40
550-590 Hale Avenue	Oakdale, MN	—	*	765,535	3,488,754	303,570	766,390	3,791,469	4,557,859	1,327,239	1996	5 - 40
1879 Lamont Avenue	Odenton, MD	—		1,976,000	8,099,579	2,469,160	2,011,030	10,533,709	12,544,739	2,488,629	2004	5 - 40
350 Winmeyer Avenue	Odenton, MD	—		1,778,400	7,289,165	2,069,298	1,809,927	9,326,936	11,136,863	2,004,576	2004	5 - 40
1000 Gills Drive	Orlando, FL	—		415,906	—	2,712,377	435,400	2,692,883	3,128,283	338,797	2006	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
			Initial Cost			Gross Amount Carried at End of Period
Project	Location	Encumbrances	Land	Building	Costs Capitalized Subsequent to Acquisition	Land and Improvements	Building and Improvements	Total 12/31/2012	Accumulated Depreciation 12/31/2012	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
10003 Satellite Boulevard	Orlando, FL	—	680,312	2,120,754	1,258,779	680,312	3,379,533	4,059,845	894,648	2003	5 - 40
10511 & 10611 Satellite Boulevard	Orlando, FL	—	517,554	2,568,186	424,226	522,991	2,986,975	3,509,966	1,196,850	1985	5 - 40
10771 Palm Bay Drive	Orlando, FL	—	664,605	—	2,363,613	685,383	2,342,835	3,028,218	651,050	2001	5 - 40
1090 Gills Drive	Orlando, FL	—	878,320	2,558,833	1,400,491	878,320	3,959,324	4,837,644	937,703	2003	5 - 40
1400-1440 Central Florida Parkway	Orlando, FL	—	518,043	2,561,938	959,445	518,043	3,521,383	4,039,426	1,289,418	1962	5 - 40
1902 Cypress Lake Drive	Orlando, FL	—	523,512	3,191,790	1,489,884	538,512	4,666,674	5,205,186	1,672,265	1989	5 - 40
1950 Summit Park Drive	Orlando, FL	—	2,573,700	17,478,646	3,245,115	2,583,667	20,713,794	23,297,461	4,697,553	2005	5 - 40
1958 Summit Park Drive	Orlando, FL	—	2,573,961	11,206,937	10,133,864	2,583,216	21,331,546	23,914,762	4,105,388	2005	5 - 40
201 Summit Park Drive	Orlando, FL	—	4,435,921	—	38,416,263	4,510,990	38,341,194	42,852,184	2,959,369	2008	5 - 40
2202 Taft-Vineland Road	Orlando, FL	—	—	—	6,631,110	1,283,713	5,347,397	6,631,110	2,087,234	2004	5 - 40
2256 Taft-Vineland Road	Orlando, FL	—	467,296	—	2,494,667	825,673	2,136,290	2,961,963	509,428	2005	5 - 40
2351 Investors Row	Orlando, FL	—	2,261,924	7,496,249	1,855,906	2,263,211	9,350,868	11,614,079	1,920,977	2004	5 - 40
2400 South Lake Orange Drive	Orlando, FL	—	385,964	—	3,193,150	642,427	2,936,687	3,579,114	794,601	2001	5 - 40
2412 Sand Lake Road	Orlando, FL	—	1,236,819	3,243,314	15,060	1,240,976	3,254,217	4,495,193	2,442	2012	5 - 40
2416 Lake Orange Drive	Orlando, FL	—	535,964	—	2,926,205	704,800	2,757,369	3,462,169	963,211	2002	5 - 40
6200 Lee Vista Boulevard	Orlando, FL	—	1,435,301	5,907,266	606,440	1,435,301	6,513,706	7,949,007	1,092,952	2006	5 - 40
6501 Lee Vista Boulevard	Orlando, FL	—	903,701	—	5,660,760	925,671	5,638,790	6,564,461	1,597,662	2001	5 - 40
6918 Presidents Drive	Orlando, FL	—	872,550	2,476,443	49,600	872,550	2,526,043	3,398,593	3,665	2012	5 - 40
6923 Lee Vista Boulevard	Orlando, FL	—	903,701	—	3,790,427	830,953	3,863,175	4,694,128	740,664	2006	5 - 40
7022 TPC Drive	Orlando, FL	—	1,443,510	6,501,571	800,668	1,457,286	7,288,463	8,745,749	1,236,451	2006	5 - 40
7100 TPC Drive	Orlando, FL	—	1,431,489	7,583,998	1,158,702	1,445,807	8,728,382	10,174,189	1,619,911	2006	5 - 40
7101 TPC Drive	Orlando, FL	—	1,553,537	5,574,187	441,400	1,570,863	5,998,261	7,569,124	987,036	2006	5 - 40
7315 Kingspointe Parkway	Orlando, FL	—	1,931,697	6,388,203	2,030,841	1,932,004	8,418,737	10,350,741	2,480,531	2004	5 - 40
8201 Chancellor Drive	Orlando, FL	—	4,295,972	12,598,544	5,944,499	4,295,972	18,543,043	22,839,015	2,215,817	2010	5 - 40
851 Gills Drive	Orlando, FL	—	332,992	—	2,861,135	373,500	2,820,627	3,194,127	355,819	2006	5 - 40
950 Gills Drive	Orlando, FL	—	443,989	—	2,907,134	464,800	2,886,323	3,351,123	319,378	2006	5 - 40
9550 Satellite Boulevard	Orlando, FL	—	574,831	—	2,497,841	587,319	2,485,353	3,072,672	901,950	1999	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
				Initial Cost			Gross Amount Carried at End of Period
Project	Location	Encumbrances		Land	Building	Costs Capitalized Subsequent to Acquisition	Land and Improvements	Building and Improvements	Total 12/31/2012	Accumulated Depreciation 12/31/2012	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
9600 Satellite Boulevard	Orlando, FL	—		252,850	1,297,923	71,943	252,850	1,369,866	1,622,716	514,444	1989	5 - 40
9700 Satellite Boulevard	Orlando, FL	—		405,362	1,146,546	272,501	405,362	1,419,047	1,824,409	536,000	1989	5 - 40
South Center Land-Phase II	Orlando, FL	—		838,853	—	4,084,540	767,953	4,155,440	4,923,393	823,157	2006	5 - 40
1 Crescent Drive	Philadelphia, PA	—		567,280	—	15,221,634	347,892	15,441,022	15,788,914	2,599,727	2004	5 - 40
150 Rouse Boulevard	Philadelphia, PA	—		567,531	—	14,226,850	569,349	14,225,032	14,794,381	59,980	2011	5 - 40
3 Crescent Drive	Philadelphia, PA	—		214,726	—	22,198,745	417,823	21,995,648	22,413,471	1,658,371	2008	5 - 40
3 Franklin Plaza	Philadelphia, PA	—		2,483,144	—	32,164,217	2,514,519	32,132,842	34,647,361	11,255,502	1999	5 - 40
4000 S 26th Street	Philadelphia, PA	—		51,784	—	6,275,708	616,466	5,711,026	6,327,492	32,562	2011	5 - 40
4050 S 26th Street	Philadelphia, PA	—		46,301	—	6,196,379	616,669	5,626,011	6,242,680	52,712	2011	5 - 40
4300 South 26th Street	Philadelphia, PA	—		402,673	—	34,862,598	413,030	34,852,241	35,265,271	2,969,038	2008	5 - 40
4751 League Island Boulevard	Philadelphia, PA	—		992,965	331,924	6,854,092	1,022,081	7,156,900	8,178,981	1,827,391	2003	5 - 40
4775 League Island Boulevard	Philadelphia, PA	—		891,892	—	5,684,847	366,982	6,209,757	6,576,739	845,611	2006	5 - 40
8801 Tinicum Boulevard	Philadelphia, PA	—		2,474,031	—	43,774,779	125,087	46,123,723	46,248,810	20,744,336	1997	5 - 40
2626 South 7th Street	Phoenix, AZ	—		2,519,510	3,791,779	28,321	2,519,510	3,820,100	6,339,610	31,793	2012	5 - 40
4207 E. Cotton Center Boulevard	Phoenix, AZ	—		1,409,908	3,590,603	2,190,407	1,410,248	5,780,670	7,190,918	1,215,170	2007	5 - 40
4217 E. Cotton Center Boulevard	Phoenix, AZ	—		6,920,980	9,082,544	4,720,122	6,690,321	14,033,325	20,723,646	2,499,438	2007	5 - 40
4303 E. Cotton Center Boulevard	Phoenix, AZ	—	*	2,619,964	9,246,292	473,070	2,619,964	9,719,362	12,339,326	1,632,865	2007	5 - 40
4313 E. Cotton Center Boulevard	Phoenix, AZ	—	*	3,895,539	15,853,754	2,270,877	3,895,539	18,124,631	22,020,170	3,250,143	2007	5 - 40
4405 E. Cotton Center Boulevard	Phoenix, AZ	—	*	2,646,318	9,456,358	424,694	2,646,318	9,881,052	12,527,370	1,585,023	2007	5 - 40
4410 E. Cotton Center Boulevard	Phoenix, AZ	—		4,758,484	10,559,563	5,587,576	4,765,172	16,140,451	20,905,623	2,667,277	2007	5 - 40
4415 E. Cotton Center Boulevard	Phoenix, AZ	—	*	1,749,957	3,393,860	739,732	1,749,957	4,133,592	5,883,549	597,260	2007	5 - 40
4425 E. Cotton Center Boulevard	Phoenix, AZ	—	*	7,318,457	22,368,188	1,707,787	7,318,457	24,075,975	31,394,432	3,275,114	2007	5 - 40
4435 E. Cotton Center Boulevard	Phoenix, AZ	—		1,910,584	1,954,020	2,166,649	1,911,045	4,120,208	6,031,253	858,220	2007	5 - 40
4550 South 44th Street	Phoenix, AZ	—		5,380,972	—	9,257,593	6,391,283	8,247,282	14,638,565	1,378,654	2007	5 - 40
4610 South 44th Street	Phoenix, AZ	—		6,539,310	—	10,331,533	6,827,288	10,043,555	16,870,843	1,250,228	2007	5 - 40
4750 S. 44th Place	Phoenix, AZ	—		3,756,307	8,336,400	4,190,610	3,761,587	12,521,730	16,283,317	1,736,013	2007	5 - 40
9801 South 51st Street	Phoenix, AZ	—		2,225,839	2,059,235	898,897	2,225,839	2,958,132	5,183,971	87,218	2012	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
			Initial Cost			Gross Amount Carried at End of Period
Project	Location	Encumbrances	Land	Building	Costs Capitalized Subsequent to Acquisition	Land and Improvements	Building and Improvements	Total 12/31/2012	Accumulated Depreciation 12/31/2012	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
9801 80th Avenue	Pleasant Prairie, WI	—	1,692,077	7,934,794	275,264	1,689,726	8,212,409	9,902,135	2,929,794	1994	5 - 40
2250 Hickory Road	Plymouth Meeting, PA	—	1,015,851	9,175,555	2,994,455	1,024,040	12,161,821	13,185,861	5,046,410	1985	5 - 40
14630-14650 28th Avenue North	Plymouth, MN	—	198,205	1,793,422	733,274	198,205	2,526,696	2,724,901	1,083,968	1978	5 - 40
2800 Campus Drive	Plymouth, MN	—	395,366	3,554,512	997,888	395,366	4,552,400	4,947,766	1,855,788	1985	5 - 40
2905 Northwest Boulevard	Plymouth, MN	—	516,920	4,646,342	2,388,724	516,920	7,035,066	7,551,986	2,621,411	1983	5 - 40
2920 Northwest Boulevard	Plymouth, MN	—	392,026	3,433,678	459,193	384,235	3,900,662	4,284,897	1,499,037	1997	5 - 40
2955 Xenium Lane	Plymouth, MN	—	151,238	1,370,140	526,357	151,238	1,896,497	2,047,735	837,942	1985	5 - 40
9600 54th Avenue	Plymouth, MN	—	332,317	3,077,820	1,220,841	534,993	4,095,985	4,630,978	1,412,302	1998	5 - 40
1400 SW 6th Court	Pompano Beach, FL	—	1,157,049	4,620,956	649,754	1,157,049	5,270,710	6,427,759	1,899,927	1986	5 - 40
1405 SW 6th Court	Pompano Beach, FL	—	392,138	1,565,787	441,833	392,138	2,007,620	2,399,758	789,882	1985	5 - 40
1500 SW 5th Court	Pompano Beach, FL	—	972,232	3,892,085	398,894	972,232	4,290,979	5,263,211	1,603,200	1957	5 - 40
1501 SW 5th Court	Pompano Beach, FL	—	203,247	811,093	211,077	203,247	1,022,170	1,225,417	364,687	1990	5 - 40
1601 SW 5th Court	Pompano Beach, FL	—	203,247	811,093	248,183	203,247	1,059,276	1,262,523	472,764	1990	5 - 40
1651 SW 5th Court	Pompano Beach, FL	—	203,247	811,093	179,738	203,247	990,831	1,194,078	323,652	1990	5 - 40
595 SW 13th Terrace	Pompano Beach, FL	—	359,933	1,437,116	624,145	359,933	2,061,261	2,421,194	752,838	1984	5 - 40
601 SW 13th Terrace	Pompano Beach, FL	—	164,413	655,933	274,236	164,413	930,169	1,094,582	406,175	1984	5 - 40
605 SW 16th Terrace	Pompano Beach, FL	—	310,778	1,238,324	204,004	310,178	1,442,928	1,753,106	639,794	1965	5 - 40
301 Hill Carter Parkway	Richmond, VA	—	659,456	4,836,010	159,898	659,456	4,995,908	5,655,364	2,236,563	1989	5 - 40
4101-4127 Carolina Avenue	Richmond, VA	—	310,854	2,279,597	1,081,581	310,854	3,361,178	3,672,032	1,395,699	1973	5 - 40
4201-4261 Carolina Avenue	Richmond, VA	—	693,203	5,083,493	1,850,735	693,203	6,934,228	7,627,431	3,024,978	1975	5 - 40
4263-4299 Carolina Avenue	Richmond, VA	—	256,203	2,549,649	2,156,012	256,203	4,705,661	4,961,864	1,891,282	1976	5 - 40
4263F-N. Carolina Avenue	Richmond, VA	—	91,476	—	1,759,512	91,599	1,759,389	1,850,988	724,101	1975	5 - 40
4301-4335 Carolina Avenue	Richmond, VA	—	223,696	1,640,435	2,450,318	223,696	4,090,753	4,314,449	1,400,436	1978	5 - 40
4337-4379 Carolina Avenue	Richmond, VA	—	325,303	2,385,557	1,215,253	325,303	3,600,810	3,926,113	1,613,794	1979	5 - 40
4401-4445 Carolina Avenue	Richmond, VA	—	615,038	4,510,272	481,677	615,038	4,991,949	5,606,987	2,196,072	1988	5 - 40
4447-4491 Carolina Avenue	Richmond, VA	—	454,056	2,729,742	364,252	454,056	3,093,994	3,548,050	1,490,443	1987	5 - 40
4501-4549 Carolina Avenue	Richmond, VA	—	486,166	3,565,211	551,647	486,166	4,116,858	4,603,024	1,750,528	1981	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
			Initial Cost			Gross Amount Carried at End of Period
Project	Location	Encumbrances	Land	Building	Costs Capitalized Subsequent to Acquisition	Land and Improvements	Building and Improvements	Total 12/31/2012	Accumulated Depreciation 12/31/2012	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
4551-4593 Carolina Avenue	Richmond, VA	—	474,360	3,478,646	937,626	474,360	4,416,272	4,890,632	1,888,175	1982	5 - 40
4601-4643 Carolina Avenue	Richmond, VA	—	652,455	4,784,675	743,370	652,455	5,528,045	6,180,500	2,615,497	1985	5 - 40
4645-4683 Carolina Avenue	Richmond, VA	—	404,616	2,967,187	539,865	404,616	3,507,052	3,911,668	1,508,021	1985	5 - 40
4717-4729 Eubank Road	Richmond, VA	—	449,447	3,294,697	2,209,667	452,263	5,501,548	5,953,811	2,049,810	1978	5 - 40
510 Eastpark Court	Richmond, VA	—	261,961	2,110,874	350,849	262,210	2,461,474	2,723,684	1,106,311	1989	5 - 40
520 Eastpark Court	Richmond, VA	—	486,118	4,083,582	263,481	486,598	4,346,583	4,833,181	1,816,264	1989	5 - 40
530 Eastpark Court	Richmond, VA	—	266,883	—	2,522,231	334,772	2,454,342	2,789,114	915,202	1999	5 - 40
540 Eastpark Court	Richmond, VA	—	742,300	—	5,415,233	1,066,839	5,090,694	6,157,533	581,418	2007	5 - 40
5600-5626 Eastport Boulevard	Richmond, VA	—	489,941	3,592,900	256,136	489,941	3,849,036	4,338,977	1,696,359	1989	5 - 40
5601-5659 Eastport Boulevard	Richmond, VA	—	705,660	—	4,800,706	720,100	4,786,266	5,506,366	1,986,153	1996	5 - 40
5650-5674 Eastport Boulevard	Richmond, VA	—	644,384	4,025,480	87,419	644,384	4,112,899	4,757,283	1,876,972	1990	5 - 40
5700 Eastport Boulevard	Richmond, VA	—	408,729	2,697,348	677,432	408,729	3,374,780	3,783,509	1,661,092	1990	5 - 40
5701-5799 Eastport Boulevard	Richmond, VA	—	694,644	—	5,449,444	700,503	5,443,585	6,144,088	2,128,543	1998	5 - 40
5900 Eastport Boulevard	Richmond, VA	—	676,661	—	4,967,683	687,898	4,956,446	5,644,344	2,083,269	1997	5 - 40
6000 Eastport Blvd	Richmond, VA	—	872,901	—	7,486,258	901,666	7,457,493	8,359,159	893,312	1997	5 - 40
2020 US Highway 301 South	Riverview, FL	—	1,233,639	13,355,975	362,409	1,233,800	13,718,223	14,952,023	2,424,182	2006	5 - 40
6530 Judge Adams Road	Rock Creek, NC	—	305,821	—	4,809,770	335,061	4,780,530	5,115,591	1,658,290	1999	5 - 40
6532 Judge Adams Road	Rock Creek, NC	—	354,903	—	3,981,740	399,988	3,936,655	4,336,643	1,500,814	1997	5 - 40
13098 George Weber Drive	Rogers, MN	—	895,811	5,823,028	790,536	895,811	6,613,564	7,509,375	288,695	2011	5 - 40
1070 Windham Parkway	Romeoville, IL	—	8,672,143	23,946,964	197,900	8,672,143	24,144,864	32,817,007	74,903	2012	5 - 40
8501 East Raintree Drive	Scottsdale, AZ	—	4,076,412	—	27,621,159	4,115,137	27,582,434	31,697,571	6,102,042	2005	5 - 40
1150 Gateway Drive	Shakopee, MN	—	1,126,865	5,619,373	64,805	1,126,865	5,684,178	6,811,043	8,971	2012	5 - 40
5555 12th Avenue East	Shakopee, MN	—	887,285	5,243,070	78,130	887,285	5,321,200	6,208,485	9,271	2012	5 - 40
6900 Harbor View Boulevard	Suffolk, VA	—	904,052	—	8,565,297	807,006	8,662,343	9,469,349	1,435,251	2006	5 - 40
6920 Harborview Boulevard	Suffolk, VA	—	603,391	—	6,705,020	2,628,635	4,679,776	7,308,411	54,678	2005	5 - 40
6950 Harbor View Blvd	Suffolk, VA	—	929,844	—	6,216,485	794,848	6,351,481	7,146,329	1,181,131	2004	5 - 40
1301 International Parkway	Sunrise, FL	—	5,100,162	24,219,956	7,405,671	5,100,791	31,624,998	36,725,789	4,772,051	2006	5 - 40
13621 NW 12th Street	Sunrise, FL	—	5,570,820	8,450,463	3,713,729	5,570,822	12,164,190	17,735,012	2,586,426	2008	5 - 40
13630 NW 8th Street	Sunrise, FL	—	659,797	2,596,275	472,408	659,825	3,068,655	3,728,480	1,022,112	1991	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
			Initial Cost			Gross Amount Carried at End of Period
Project	Location	Encumbrances	Land	Building	Costs Capitalized Subsequent to Acquisition	Land and Improvements	Building and Improvements	Total 12/31/2012	Accumulated Depreciation 12/31/2012	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
13650 NW 8th Street	Sunrise, FL	—	558,223	2,171,930	237,268	558,251	2,409,170	2,967,421	837,623	1991	5 - 40
111 Kelsey Lane	Tampa, FL	—	359,540	1,461,850	1,139,535	359,540	2,601,385	2,960,925	763,034	1990	5 - 40
131 Kelsey Lane	Tampa, FL	—	511,463	—	4,437,886	559,527	4,389,822	4,949,349	2,373,295	1985	5 - 40
150-182 Kelsey Lane	Tampa, FL	—	403,541	—	4,154,342	1,181,609	3,376,274	4,557,883	465,586	2006	5 - 40
200-34 Kelsey Lane	Tampa, FL	—	330,097	—	3,314,788	933,362	2,711,523	3,644,885	490,548	2005	5 - 40
3102,3104,3110 Cherry Palm Drive	Tampa, FL	—	503,767	2,787,585	1,277,486	503,767	4,065,071	4,568,838	1,641,198	1986	5 - 40
3401-3409 Cragmont Drive	Tampa, FL	—	556,952	3,833,132	16,104	556,952	3,849,236	4,406,188	5,403	2012	5 - 40
3502 Roga Boulevard	Tampa, FL	—	201,600	1,260,543	2,588	201,600	1,263,131	1,464,731	1,818	2012	5 - 40
3505 Cragmont Drive	Tampa, FL	—	936,336	7,008,738	146,782	936,336	7,155,520	8,091,856	11,013	2012	5 - 40
3608 Queen Palm Drive	Tampa, FL	—	650,384	4,746,890	17,411	650,384	4,764,301	5,414,685	10,851	2012	5 - 40
4502 Woodland Corporate Boulevard	Tampa, FL	—	—	—	4,875,253	1,071,535	3,803,718	4,875,253	1,354,985	1999	5 - 40
4503 Woodland Corporate Boulevard	Tampa, FL	—	—	—	3,496,413	619,913	2,876,500	3,496,413	891,619	2002	5 - 40
4505 Woodland Corporate Boulevard	Tampa, FL	—	—	—	2,960,031	716,594	2,243,437	2,960,031	705,941	2002	5 - 40
4508 Woodland Corporate Boulevard	Tampa, FL	—	498,598	—	3,057,752	556,887	2,999,463	3,556,350	1,051,020	2000	5 - 40
4511 Woodland Corporate Boulevard	Tampa, FL	—	—	—	2,828,102	686,594	2,141,508	2,828,102	566,436	2002	5 - 40
4520 Seedling Circle	Tampa, FL	—	854,797	42,131	2,721,233	854,797	2,763,364	3,618,161	600,481	2003	5 - 40
4630 Woodland Corporate Boulevard	Tampa, FL	—	943,169	—	13,253,411	1,560,099	12,636,481	14,196,580	4,397,439	2000	5 - 40
4631 Woodland Corporate Blvd	Tampa, FL	—	1,453,367	—	13,361,348	1,908,792	12,905,923	14,814,715	1,374,385	2006	5 - 40
501 US Highway 301 South	Tampa, FL	—	898,884	—	3,412,262	900,508	3,410,638	4,311,146	922,397	2004	5 - 40
5250 Eagle Trail Drive	Tampa, FL	—	952,860	—	3,464,999	952,860	3,464,999	4,417,859	1,234,391	1998	5 - 40
5501-5519 Pioneer Park Boulevard	Tampa, FL	—	162,000	1,613,000	1,057,041	262,416	2,569,625	2,832,041	1,087,669	1981	5 - 40
5690-5694 Crenshaw Street	Tampa, FL	—	181,923	1,812,496	688,772	181,923	2,501,268	2,683,191	909,219	1979	5 - 40
701-725 South US Hwy 301	Tampa, FL	—	419,683	—	3,414,251	661,680	3,172,254	3,833,934	1,242,889	2000	5 - 40
7621 Bald Cypress Place (Bldg N)	Tampa, FL	—	—	—	1,482,613	447,498	1,035,115	1,482,613	309,357	2001	5 - 40
7724 Woodland Center Boulevard	Tampa, FL	—	235,893	—	2,150,387	235,894	2,150,386	2,386,280	872,578	1998	5 - 40
7725 Woodland Center Boulevard	Tampa, FL	—	553,335	—	3,396,664	771,501	3,178,498	3,949,999	1,085,726	1999	5 - 40
7802-50 Woodland Center Boulevard	Tampa, FL	—	357,364	—	2,578,427	506,949	2,428,842	2,935,791	900,943	1999	5 - 40
7851-7861 Woodland Center Blvd	Tampa, FL	—	548,905	2,206,559	239,266	548,905	2,445,825	2,994,730	433,136	2006	5 - 40
7852-98 Woodland Center Boulevard	Tampa, FL	—	357,364	—	2,671,312	506,949	2,521,727	3,028,676	914,241	1999	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
			Initial Cost			Gross Amount Carried at End of Period
Project	Location	Encumbrances	Land	Building	Costs Capitalized Subsequent to Acquisition	Land and Improvements	Building and Improvements	Total 12/31/2012	Accumulated Depreciation 12/31/2012	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
7920 Woodland Center Boulevard	Tampa, FL	—	1,082,648	2,445,444	77,964	1,082,648	2,523,408	3,606,056	971,608	1997	5 - 40
7930, 8010-20 Woodland Center Boulevard	Tampa, FL	—	1,408,478	5,247,246	1,048,782	1,408,478	6,296,028	7,704,506	2,556,714	1990	5 - 40
8001 Woodland Center Boulevard	Tampa, FL	—	350,406	—	2,261,233	438,061	2,173,578	2,611,639	740,548	1999	5 - 40
8110 Anderson Road	Tampa, FL	—	912,663	5,382,724	42,419	912,663	5,425,143	6,337,806	9,142	2012	5 - 40
8112-42 Woodland Center Boulevard	Tampa, FL	—	513,263	3,230,239	649,274	513,263	3,879,513	4,392,776	1,653,552	1995	5 - 40
8130 Anderson Road	Tampa, FL	—	655,668	4,034,546	97,530	655,668	4,132,076	4,787,744	6,934	2012	5 - 40
8154-8198 Woodland Center Boulevard	Tampa, FL	—	399,088	2,868,834	965,687	399,088	3,834,521	4,233,609	1,409,258	1988	5 - 40
8212 Woodland Center Boulevard	Tampa, FL	—	820,882	2,322,720	37,907	820,882	2,360,627	3,181,509	921,291	1996	5 - 40
8401-8408 Benjamin Road	Tampa, FL	—	789,651	4,454,648	265,544	611,626	4,898,217	5,509,843	2,290,150	1986	5 - 40
8705 Henderson Road	Tampa, FL	—	4,303,870	19,118,151	4,088,949	4,304,102	23,206,868	27,510,970	4,767,516	2006	5 - 40
8715 Henderson Road	Tampa, FL	—	3,343,910	15,880,004	2,768,818	3,344,090	18,648,642	21,992,732	4,115,645	2006	5 - 40
8725 Henderson Road	Tampa, FL	—	3,167,787	17,145,139	2,333,058	3,167,958	19,478,026	22,645,984	4,382,433	2006	5 - 40
8735 Henderson Road	Tampa, FL	—	3,166,130	17,023,069	2,889,384	3,166,300	19,912,283	23,078,583	4,482,583	2006	5 - 40
8745 Henderson Road	Tampa, FL	—	2,050,439	10,028,436	1,821,312	2,050,548	11,849,639	13,900,187	2,464,084	2006	5 - 40
8900-34 Brittany Was	Tampa, FL	—	537,194	—	3,622,389	978,019	3,181,564	4,159,583	791,143	2005	5 - 40
8921 Brittany Way	Tampa, FL	—	224,369	1,063,882	990,985	254,493	2,024,743	2,279,236	803,061	1998	5 - 40
9001-9015 Brittany Way	Tampa, FL	—	209,841	—	1,806,688	364,514	1,652,015	2,016,529	596,915	2000	5 - 40
9002-9036 Brittany Way	Tampa, FL	—	492,320	—	3,785,603	899,284	3,378,639	4,277,923	1,109,154	2004	5 - 40
901-933 US Highway 301 South	Tampa, FL	—	500,391	—	4,041,964	840,314	3,702,041	4,542,355	1,389,301	2001	5 - 40
9020 King Palm Drive	Tampa, FL	—	1,718,496	11,242,248	455,133	1,718,496	11,697,381	13,415,877	18,037	2012	5 - 40
910-926 Chad Lane	Tampa, FL	—	201,771	—	3,214,583	628,237	2,788,117	3,416,354	834,327	2006	5 - 40
9110 King Palm Drive	Tampa, FL	—	1,203,200	7,796,486	117,090	1,203,200	7,913,576	9,116,776	12,703	2012	5 - 40
9203 King Palm Drive	Tampa, FL	—	754,832	4,751,621	215,243	754,832	4,966,864	5,721,696	10,960	2012	5 - 40
9306-24 East Broadway Avenue	Tampa, FL	—	450,440	—	3,303,369	486,004	3,267,805	3,753,809	393,850	2007	5 - 40
9319 Peach Palm Drive	Tampa, FL	—	612,536	4,140,224	28,249	612,536	4,168,473	4,781,009	5,972	2012	5 - 40
9704 Solar Drive	Tampa, FL	—	374,548	1,352,582	2,218	374,548	1,354,800	1,729,348	2,170	2012	5 - 40
921 South Park Lane	Tempe, AZ	—	1,192,820	1,580,155	436,229	1,192,820	2,016,384	3,209,204	44,908	2011	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
			Initial Cost			Gross Amount Carried at End of Period
Project	Location	Encumbrances	Land	Building	Costs Capitalized Subsequent to Acquisition	Land and Improvements	Building and Improvements	Total 12/31/2012	Accumulated Depreciation 12/31/2012	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
8313 West Pierce Street	Tolleson, AZ	—	2,295,090	9,079,811	3,224,097	2,295,090	12,303,908	14,598,998	2,217,424	2007	5 - 40
8591 West Washington Street	Tolleson, AZ	—	1,574,912	7,286,002	169,238	1,574,912	7,455,240	9,030,152	140,930	2012	5 - 40
8601 West Washington Street	Tolleson, AZ	—	1,524,603	6,256,412	223,080	1,524,603	6,479,492	8,004,095	157,237	2012	5 - 40
1457 Miller Store Road	Virginia Beach, VA	—	473,689	2,663,045	547,565	474,746	3,209,553	3,684,299	940,145	2003	5 - 40
200 Golden Oak Court	Virginia Beach, VA	—	1,116,693	6,770,480	1,923,767	1,116,693	8,694,247	9,810,940	3,256,992	1988	5 - 40
208 Golden Oak Court	Virginia Beach, VA	—	965,177	6,728,717	1,634,302	965,177	8,363,019	9,328,196	3,293,054	1989	5 - 40
2809 South Lynnhaven Road	Virginia Beach, VA	—	953,590	6,142,742	1,697,528	953,590	7,840,270	8,793,860	2,985,403	1987	5 - 40
484 Viking Drive	Virginia Beach, VA	—	891,753	3,607,890	492,286	891,753	4,100,176	4,991,929	1,519,469	1987	5 - 40
5700 Cleveland Street	Virginia Beach, VA	—	700,112	9,592,721	1,654,071	700,564	11,246,340	11,946,904	4,210,792	1989	5 - 40
629 Phoenix Drive	Virginia Beach, VA	—	371,694	2,108,097	308,935	371,694	2,417,032	2,788,726	947,504	1996	5 - 40
1100 17th Street NW	Washington, DC	—	16,558,660	29,178,028	3,295,997	16,558,660	32,474,025	49,032,685	1,586,616	2011	5 - 40
1200 Liberty Ridge Drive	Wayne, PA	—	6,215,667	—	8,990,562	5,223,660	9,982,569	15,206,229	3,501,928	2001	5 - 40
1500 Liberty Ridge	Wayne, PA	—	8,287,555	—	32,790,711	11,636,499	29,441,767	41,078,266	9,230,604	2002	5 - 40
825 Duportail Road	Wayne, PA	—	5,536,619	16,179,213	5,166,290	5,539,281	21,342,841	26,882,122	6,775,075	1979	5 - 40
400-500 Brandywine Parkway	West Chester, PA	—	845,846	6,809,025	656,823	845,846	7,465,848	8,311,694	2,813,438	1988	5 - 40
600 Brandywine Parkway	West Chester, PA	—	664,899	5,352,410	868,895	664,899	6,221,305	6,886,204	2,407,599	1988	5 - 40
1 Kings Hill Aveune	West Malling, UK	—	—	—	14,593,735	4,065,426	10,528,309	14,593,735	1,723,344	2006	5 - 40
42 Kings Hill Avenue	West Malling, UK	—	—	—	18,577,867	4,413,541	14,164,326	18,577,867	2,062,915	2005	5 - 40
Liberty Square Retail Blocks	West Malling, UK	—	559,590	5,113,902	3,880,498	1,169,118	8,384,872	9,553,990	1,621,527	2006	5 - 40
7805 Hudson Road	Woodbury, MN	—	1,279,834	—	10,795,909	1,385,739	10,690,004	12,075,743	4,410,781	2002	5 - 40
Subtotal Operating Real Estate		$263,001,459	$820,066,151	$1,877,919,655	$2,555,948,151	$900,500,763	$4,353,433,194	$5,253,933,957	$1,170,030,224

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
				Initial Cost						Gross Amount Carried at End of Period
Project	Location	Encumbrances		Land		Building		Costs Capitalized Subsequent to Acquisition		Land and Improvements		Building and Improvements		Total 12/31/2012		Accumulated Depreciation 12/31/2012		Date of Construction or Acquisition	Depreciable life (years)
Development Properties
2785 Commerce Center Boulevard	Bethlehem, PA	$	—	$	11,961,623	$	—	$	38,368,918	$	—	$	50,330,541	$	50,330,541	$	—	2011	N/A
40 Logistics Drive	Carlisle, PA	—		7,981,850		—		27,075,579		—		35,057,429		35,057,429		—		2011	N/A
14300 Hollister Road	Houston, TX	—		1,377,193		—		5,044,729		—		6,421,922		6,421,922		—		2012	N/A
14400 Hollister Road	Houston, TX	—		1,830,419		—		6,132,582		—		7,963,001		7,963,001		—		2012	N/A
16330 Central Green Boulevard	Houston, TX	—		1,540,109		—		6,241,864		—		7,781,973		7,781,973		—		2012	N/A
Liberty 11 at Central Green	Houston, TX	—		1,748,348		—		1,184,763		—		2,933,111		2,933,111		—		2012	N/A
5 Crescent Drive	Philadelphia, PA	—		1,765,341		—		70,489,646		—		72,254,987		72,254,987		—		2011	N/A
8th & Walnut Streets	Philadelphia, PA	34,598,552		734,275		—		37,951,177		—		38,685,452		38,685,452		—		2011	N/A
Cotton Center Building 18	Phoenix, AZ	—		11,222,938		—		5,947,287		—		17,170,225		17,170,225		—		2012	N/A
13320 Wilfred Lane	Rogers, MN	—		508,532		—		9,494,475		—		10,003,007		10,003,007		—		2012	N/A
Subtotal Development in Progress		$	34,598,552	$	40,670,628	$	—	$	207,931,020	$	—	$	248,601,648	$	248,601,648	$	—

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
				Initial Cost						Gross Amount Carried at End of Period
Project	Location	Encumbrances		Land		Building		Costs Capitalized Subsequent to Acquisition		Land and Improvements		Building and Improvements		Total 12/31/2012		Accumulated Depreciation 12/31/2012		Date of Construction or Acquisition	Depreciable life (years)
LAND HELD FOR DEVELOPMENT
Perryman Road Land	Aberdeen, MD	$	—	$	12,052,635	$	—	$	281,269	$	12,333,904	$	—	$	12,333,904	$	—	2005	N/A
2 Womack Drive Land	Annapolis, MD	—		5,796,667		—		13,677		5,810,344		—		5,810,344		—		2007	N/A
LVIP Area VII-Lots 3, 4, 5 Land	Bethlehem, PA	—		6,058,664		—		216,958		6,275,622		—		6,275,622		—		2012	N/A
Mill Creek Road Land	Bethlehem, PA	—		18,548,585		—		874,034		19,422,619		—		19,422,619		—		2012	N/A
Boca Colannade Yamato Road	Boca Raton, FL	—		2,039,735		—		566,124		2,605,859		—		2,605,859		—		1998	N/A
12912 Virkler Drive Land	Charlotte, NC	—		208,646		—		10,291		218,937		—		218,937		—		2010	N/A
Charlotte Distribution Center Land-Lot 1	Charlotte, NC	—		654,713		—		—		654,713		—		654,713		—		2011	N/A
Amberpoint Business Park Land	Dallas, TX	—		2,040,233		—		—		2,040,233		—		2,040,233		—		2012	N/A
Flying Cloud Drive Land	Eden Pairie, MN	—		2,051,631		—		24,559		2,076,190		—		2,076,190		—		2007	N/A
Camelback 303 Business Center Land	Goodyear, AZ	—		16,857,556		—		3,228,531		20,086,087		—		20,086,087		—		2007	N/A
Pleasant Ridge Road Land	Greensboro, NC	—		564,535		—		2,893,669		3,458,204		—		3,458,204		—		2006	N/A
Caliber Ridge Ind. Park Land	Greer, SC	—		2,297,492		—		3,631,680		5,929,172		—		5,929,172		—		2007	N/A
Hunters Green Land	Hagerstown, MD	—		5,489,586		—		8,364,015		13,853,601		—		13,853,601		—		2006	N/A
Lakefront Plaza II Land	Hampton, VA	—		138,101		—		101,157		239,258		—		239,258		—		2001	N/A
Hanover Crossing	Hanover, MD	—		7,835,761		—		14,638		7,850,399		—		7,850,399		—		2012	N/A
Ridge Road Land	Hanover, MD	—		3,371,183		—		452,208		3,823,391		—		3,823,391		—		2008	N/A
Piedmond Centre Land	High Point, NC	—		913,276		—		914,318		1,827,594		—		1,827,594		—		2006	N/A
Commonwealth Corporate Center Land	Horsham, PA	—		3,043,938		—		25,160		3,069,098		—		3,069,098		—		2005	N/A
Greens Crossing Land	Houston, TX	—		2,476,892		—		49,846		2,526,738		—		2,526,738		—		2007	N/A
Interwood Land	Houston, TX	—		5,160,668		—		5,211		5,165,879		—		5,165,879		—		2012	N/A
Rankin Road Land	Houston, TX	—		5,756,865		—		229,574		5,986,439		—		5,986,439		—		2007	N/A
Taub Beltway 8 Land	Houston, TX	—		14,165,813		—		—		14,165,813		—		14,165,813		—		2012	N/A
Noxell Land	Hunt Valley, MD	—		3,278,574		—		13,806		3,292,380		—		3,292,380		—		2001	N/A
7024 AC Skinner Parkway	Jacksonville, FL	—		751,448		—		73,504		824,952		—		824,952		—		1995	N/A
Belfort Road	Jacksonville, FL	—		492,908		—		87,649		580,557		—		580,557		—		1998	N/A
Imeson Road Land	Jacksonville, FL	—		4,153,948		—		2,110,854		6,264,802		—		6,264,802		—		2008	N/A
Liberty Business Park Land	Jacksonville, FL	—		456,269		—		83,801		540,070		—		540,070		—		1995	N/A

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2012
				Initial Cost						Gross Amount Carried at End of Period
Project	Location	Encumbrances		Land		Building		Costs Capitalized Subsequent to Acquisition		Land and Improvements		Building and Improvements		Total 12/31/2012		Accumulated Depreciation 12/31/2012		Date of Construction or Acquisition	Depreciable life (years)
LAND HELD FOR DEVELOPMENT
Salisbury Road Land	Jacksonville, FL	—		173,628		—		270,118		443,746		—		443,746		—		2000	N/A
Skinner Land Parcel B	Jacksonville, FL	—		2,295,790		—		1,231,852		3,527,642		—		3,527,642		—		2005	N/A
Kent County, UK	Kent County, UK	—		—		—		7,568,786		7,568,786		—		7,568,786		—		1999	N/A
Commodore Business Park	Logan, NJ	—		792,118		—		1,194,790		1,986,908		—		1,986,908		—		1995	N/A
380 Old Morehall Road	Malvern, PA	—		1,340,075		—		—		1,340,075		—		1,340,075		—		2012	N/A
Quarry Ridge Land	Malvern, PA	—		4,774,994		—		4,963,394		9,738,388		—		9,738,388		—		2001	N/A
Miami International Tradeport Land	Medley, FL	—		19,351,823		—		1,690,053		21,041,876		—		21,041,876		—		2011	N/A
Monarch Towne Center Land	Mirarar, FL	—		6,085,337		—		413,927		6,499,264		—		6,499,264		—		2006	N/A
South 27th Street Land	Oak Creek, WI	—		2,169,232		—		2,421,050		4,590,282		—		4,590,282		—		2006	N/A
Beachline Industrial Park Land	Orlando, FL	—		365,230		—		—		365,230		—		365,230		—		2006	N/A
26th Street North Land	Philadelphia, PA	—		90,774		—		1,051,585		1,142,359		—		1,142,359		—		2009	N/A
Cotton Center Land	Phoenix, AZ	—		8,238,461		—		—		8,238,461		—		8,238,461		—		2007	N/A
Eastport IX	Richmond, VA	—		211,627		—		3,325		214,952		—		214,952		—		1997	N/A
Eastport VIII	Richmond, VA	—		382,698		—		3,325		386,023		—		386,023		—		1997	N/A
1315 Brockton Lane North	Rogers, MN	—		758,414		—		260,929		1,019,343		—		1,019,343		—		2011	N/A
Woodlands Center Land	Sandston, VA	—		148,314		—		21,717		170,031		—		170,031		—		1996	N/A
Northsight Land (LPLP)	Scottsdale, AZ	—		6,176,464		—		2,204,597		8,381,061		—		8,381,061		—		2005	N/A
Old Scotland Road Land	Shippensburg, PA	—		8,322,686		—		4,842,562		13,165,248		—		13,165,248		—		2007	N/A
Suffolk Land	Suffolk, VA	—		2,715,714		—		757,581		3,473,295		—		3,473,295		—		2006	N/A
6119 W. Linebaugh Avenue	Tampa, FL	—		180,136		—		30,499		210,635		—		210,635		—		2000	N/A
Legacy Park Land	Tampa, FL	—		10,358,826		—		1,324,447		11,683,273		—		11,683,273		—		2006	N/A
Renaissance Park Land	Tampa, FL	—		1,995,375		—		219,098		2,214,473		—		2,214,473		—		2007	N/A
Subtotal Land Held for Development		$	—	$	203,584,038	$	—	$	54,740,168	$	258,324,206	$	—	$	258,324,206	$	—
Total All Properties*		$297,600,011		$1,064,320,817		$1,877,919,655		$2,818,619,339		$1,158,824,969		$4,602,034,842		$5,760,859,811		$1,170,030,224

* Denotes property is collateralized under mortgages with Allianz, John Hancock and LaSalle Bank totaling $236.5 million

SCHEDULE III

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP

REAL ESTATE AND ACCUMULATED DEPRECIATION

(In thousands)

A summary of activity for real estate and accumulated depreciation is as follows:

	Year Ended December 31,
	2012			2011			2010
REAL ESTATE:
Balance at beginning of year	$	5,253,064		$	4,879,278		$	4,810,239
Additions	511,834			423,498			108,695
Disposition of property	(4,038		)	(49,712		)	(39,656		)
Balance at end of year	$	5,760,860		$	5,253,064		$	4,879,278
ACCUMULATED DEPRECIATION:
Balance at beginning of year	$	1,047,336		$	923,790		$	822,648
Depreciation expense	140,571			144,284			147,299
Disposition of property	(17,877		)	(20,738		)	(46,157		)
Balance at end of year	$	1,170,030		$	1,047,336		$	923,790