Schedule III

12 Months Ended

Dec. 31, 2013

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, 2013
					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 12/31/2013		Accumulated Depreciation 12/31/2013		Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
1501 Perryman Road	Aberdeen, MD	$	—		$	5,813,324	$	18,874,059	$	5,131,464	$	5,816,839	$	24,002,008	$	29,818,847	$	4,447,800	2005	5 - 40
869 S Route 53	Addison, IL	—			1,194,223		4,201,881		50,460		1,194,223		4,252,342		5,446,565		32,013		2013	5 - 40
901 S Route 53	Addison, IL	—			2,055,066		5,984,093		118,292		2,055,066		6,102,385		8,157,451		45,479		2013	5 - 40
200 Boulder Drive	Allentown, PA	—			4,722,683		18,922,645		440,557		4,722,683		19,363,202		24,085,885		4,655,569		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		3,760,264		2004	5 - 40
400 Nestle Way	Allentown, PA	—			8,065,500		—		27,602,841		8,184,096		27,484,245		35,668,341		12,798,838		1997	5 - 40
650 Boulder Drive	Allentown, PA	—		*	5,208,248		—		31,938,579		9,961,788		27,185,039		37,146,827		7,512,248		2002	5 - 40
651 Boulder Drive	Allentown, PA	—			4,308,646		—		17,689,842		4,308,646		17,689,842		21,998,488		6,583,129		2000	5 - 40
700 Nestle Way	Allentown, PA	—		*	3,473,120		—		20,186,320		4,174,970		19,484,470		23,659,440		8,849,079		1998	5 - 40
705 Boulder Drive	Allentown, PA	—		*	10,594,027		—		28,536,883		10,596,767		28,534,143		39,130,910		9,283,319		2001	5 - 40
7165 Ambassador Drive	Allentown, PA	—		*	792,999		—		4,556,918		804,848		4,545,069		5,349,917		1,590,637		2002	5 - 40
7248 Industrial Boulevard	Allentown, PA	—			2,670,849		13,307,408		4,513,163		2,670,673		17,820,747		20,491,420		7,278,499		1988	5 - 40
7339 Industrial Boulevard	Allentown, PA	—			1,187,776		—		7,587,682		1,197,447		7,578,011		8,775,458		3,127,648		1996	5 - 40
7437 Industrial Boulevard	Allentown, PA	—			717,488		5,022,413		3,176,937		726,651		8,190,186		8,916,837		4,527,473		1976	5 - 40
8014 Industrial Boulevard	Allentown, PA	—		*	4,019,258		—		9,880,091		3,645,117		10,254,232		13,899,349		4,392,952		1999	5 - 40
8150 Industrial Boulevard	Allentown, PA	—			2,564,167		—		8,961,554		2,571,466		8,954,255		11,525,721		2,579,485		2002	5 - 40
8250 Industrial Boulevard	Allentown, PA	—			1,025,667		—		5,245,086		1,035,854		5,234,899		6,270,753		1,651,004		2002	5 - 40
8400 Industrial Boulevard	Allentown, PA	—		*	6,725,948		—		27,079,140		7,521,211		26,283,877		33,805,088		5,400,471		2005	5 - 40
6330 Hedgewood Drive	Allentown, PA	—			531,268		—		5,359,739		532,047		5,358,960		5,891,007		3,292,239		1988	5 - 40
6350 Hedgewood Drive	Allentown, PA	—			360,027		—		4,028,297		560,691		3,827,633		4,388,324		2,142,023		1989	5 - 40
6370 Hedgewood Drive	Allentown, PA	—			540,795		—		3,959,133		541,459		3,958,469		4,499,928		1,988,574		1990	5 - 40
6390 Hedgewood Drive	Allentown, PA	—			707,203		—		3,000,621		707,867		2,999,957		3,707,824		1,637,716		1990	5 - 40
6520 Stonegate Drive	Allentown, PA	—			453,315		—		1,712,509		484,361		1,681,463		2,165,824		894,982		1996	5 - 40
6540 Stonegate Drive	Allentown, PA	—			422,042		—		4,012,192		422,730		4,011,504		4,434,234		2,538,102		1988	5 - 40
6560 Stonegate Drive	Allentown, PA	—			458,281		—		2,805,111		458,945		2,804,447		3,263,392		1,843,559		1989	5 - 40
6580 Snowdrift Road	Allentown, PA	—			388,328		—		4,211,286		389,081		4,210,533		4,599,614		2,461,382		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		1,914,712		1990	5 - 40
180,190 Cochrane Drive	Annapolis, MD	—			545,757		—		—		545,757		—		545,757		—		1988	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
				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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
3095 Presidential Drive	Atlanta, GA	—		200,351	1,729,161	86,151	200,351	1,815,312	2,015,663	14,655	2013	5 - 40
3097 Presidential Drive	Atlanta, GA	—		188,680	1,721,048	82,483	188,680	1,803,531	1,992,211	20,624	2013	5 - 40
7030 Buford Highway NE	Atlanta, GA	—	*	919,850	4,051,340	406,470	919,850	4,457,810	5,377,660	43,359	2013	5 - 40
Barton 150	Barton Under Needwood, UK	—		2,196,955	13,643,981	—	2,196,955	13,643,981	15,840,936	246,794	2013	5 - 40
1055-1071 Kingsland Drive	Batavia, IL	—		727,294	2,367,529	147,582	727,294	2,515,111	3,242,405	22,389	2013	5 - 40
4606 Richlynn Drive	Belcamp, MD	—		299,600	1,818,861	712,788	299,600	2,531,649	2,831,249	914,347	1985	5 - 40
11800 Baltimore Avenue	Beltsville,MD	—	*	2,769,962	1,829,028	85,389	2,769,962	1,914,418	4,684,380	20,796	2013	5 - 40
11850 Baltimore Avenue	Beltsville,MD	—	*	3,595,044	2,415,132	178,910	3,595,044	2,594,042	6,189,086	32,100	2013	5 - 40
11900 Baltimore Avenue	Beltsville,MD	—	*	3,492,036	2,024,038	237,559	3,492,036	2,261,597	5,753,633	39,318	2013	5 - 40
12104 Indian Creek Court	Beltsville,MD	—	*	2,021,752	2,503,802	214,416	2,021,752	2,718,218	4,739,970	34,626	2013	5 - 40
12140 Indian Creek Court	Beltsville,MD	—	*	1,196,726	1,949,555	91,813	1,196,726	2,041,367	3,238,093	16,680	2013	5 - 40
12200 Indian Creek Court	Beltsville,MD	—	*	1,347,882	1,460,291	102,190	1,347,882	1,562,481	2,910,363	13,071	2013	5 - 40
12240 Indian Creek Court	Beltsville,MD	—	*	1,479,307	2,159,997	124,828	1,479,307	2,284,826	3,764,133	18,678	2013	5 - 40
1071 Thorndale Avenue	Bensenville,IL	—		2,173,006	2,280,788	162,564	2,173,006	2,443,352	4,616,358	31,689	2013	5 - 40
1260-1274 Ellis Street	Bensenville,IL	—	*	2,298,560	4,020,382	358,604	2,298,560	4,378,986	6,677,546	44,404	2013	5 - 40
371-377 Meyer Road	Bensenville,IL	—	*	1,903,423	3,563,953	300,151	1,903,423	3,864,104	5,767,527	37,194	2013	5 - 40
850-880 Devon Ave	Bensenville,IL	—	*	2,958,756	7,959,013	548,843	2,958,756	8,507,856	11,466,612	76,496	2013	5 - 40
2785 Commerce Center Boulevard	Bethlehem, PA	—		11,961,623	—	45,390,365	12,009,985	45,342,003	57,351,988	420,478	2011	5 - 40
74 West Broad Street	Bethlehem, PA	—		1,096,127	—	14,202,628	1,099,079	14,199,676	15,298,755	5,877,473	2002	5 - 40
10801 Nesbitt Avenue South	Bloomington, MN	—		784,577	—	5,010,219	786,382	5,008,414	5,794,796	1,389,997	2001	5 - 40
5705 Old Shakopee Road	Bloomington, MN	—		2,113,223	—	5,520,731	2,148,571	5,485,383	7,633,954	1,632,626	2001	5 - 40
5715 Old Shakopee Road West	Bloomington, MN	—		1,263,226	2,360,782	2,081,249	1,264,758	4,440,499	5,705,257	1,494,873	2002	5 - 40
5735 Old Shakopee Road West	Bloomington, MN	—		1,263,226	2,360,782	1,028,892	1,264,758	3,388,142	4,652,900	1,090,634	2002	5 - 40
5775 West Old Shakopee Road	Bloomington, MN	—		2,052,018	3,849,649	1,669,598	2,060,644	5,510,621	7,571,265	1,948,075	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	1,906,331	1992	5 - 40
6601-6625 W. 78th Street	Bloomington, MN	—		2,263,060	—	41,314,332	2,310,246	41,267,146	43,577,392	15,344,697	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	2,712,965	2007	5 - 40
777 Yamato Road	Boca Raton, FL	—		4,101,247	16,077,347	6,795,258	4,501,247	22,472,605	26,973,852	8,814,520	1987	5 - 40
951 Broken Sound Parkway	Boca Raton, FL	—		1,426,251	6,098,952	1,818,945	1,426,251	7,917,897	9,344,148	3,374,737	1986	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
				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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
1455 Remington Boulevard	Bolingbrook, IL	—		2,501,294	10,704,719	—	2,501,294	10,704,719	13,206,013	299,947	2012	5 - 40
150 E Crossroads Parkway	Bolingbrook, IL	—	*	3,078,949	14,143,377	845,243	3,078,949	14,988,620	18,067,569	127,295	2013	5 - 40
553 S Joliet Ave	Bolingbrook, IL	—	*	3,764,831	15,109,947	621,121	3,764,831	15,731,068	19,495,899	155,088	2013	5 - 40
400 Boulder Drive	Breinigsville, PA	—		2,859,106	—	10,599,615	2,865,575	10,593,146	13,458,721	2,496,467	2003	5 - 40
8201 Industrial Boulevard	Breinigsville, PA	—	*	2,089,719	—	8,353,910	2,222,168	8,221,461	10,443,629	1,624,672	2006	5 - 40
8500 Industrial Bouldvard	Breinigsville, PA	—		8,752,708	—	39,685,301	11,511,499	36,926,510	48,438,009	6,658,524	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	6,820,111	2004	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	4,752,884	2004	5 - 40
40 Logistics Drive	Carlisle, PA	—		7,981,850	—	30,108,809	8,081,272	30,009,387	38,090,659	459,967	2011	5 - 40
135-195 East Elk Trail	Carol Stream, IL	—		4,873,094	12,430,320	459,455	4,873,094	12,889,775	17,762,869	46,085	2013	5 - 40
515 Kehoe Boulevard	Carol Stream, IL	—		5,523,427	14,581,705	—	5,523,427	14,581,705	20,105,132	56,145	2013	5 - 40
1413 Bradley Lane	Carrollton, TX	—	*	247,477	2,028,322	83,523	247,477	2,111,845	2,359,322	18,245	2013	5 - 40
3200 Belmeade Drive	Carrollton, TX	—		1,042,453	8,027,974	401,254	1,042,453	8,429,228	9,471,681	67,676	2013	5 - 40
1475 Nitterhouse Dr	Chambersburg, PA	—		7,081,007	39,002,011	2,083,301	7,081,007	41,085,312	48,166,319	337,082	2013	5 - 40
95 Kriner Road	Chambersburg, PA	—		8,695,501	—	34,926,589	9,407,871	34,214,219	43,622,090	4,617,807	2006	5 - 40
9000 109th Street	Champlin, MN	—	*	1,251,043	11,662,995	86,100	1,251,043	11,749,095	13,000,138	815,277	2011	5 - 40
11701 Goodrich Drive	Charlotte, NC	—		2,054,621	6,356,151	461,642	2,054,621	6,817,792	8,872,413	108,858	2013	5 - 40
12810 Virkler Drive	Charlotte, NC	—		475,368	2,367,586	706,208	476,262	3,072,899	3,549,161	209,041	2010	5 - 40
2700 Hutchinson McDonald Road	Charlotte, NC	—		912,500	4,721,259	69,635	912,500	4,790,894	5,703,394	320,147	2011	5 - 40
2701 Hutchinson McDonald Road	Charlotte, NC	—		1,275,000	4,649,750	260,294	1,275,000	4,910,044	6,185,044	337,129	2011	5 - 40
2730 Hutchinson McDonald Road	Charlotte, NC	—		1,878,750	10,129,499	3,034	1,878,750	10,132,533	12,011,283	609,763	2011	5 - 40
2801 Hutchinson McDonald Road	Charlotte, NC	—		1,065,000	6,975,250	167,601	1,065,000	7,142,851	8,207,851	441,336	2011	5 - 40
3000 Crosspoint Center Lane	Charlotte, NC	—		1,831,250	10,779,412	171,533	1,831,250	10,950,945	12,782,195	705,320	2011	5 - 40
3005 Crosspoint Center Lane	Charlotte, NC	—		1,990,000	6,561,540	433,141	1,990,000	6,994,681	8,984,681	439,153	2011	5 - 40
4045 Perimeter West Drive	Charlotte, NC	—		1,418,928	7,511,050	26,915	1,418,928	7,537,965	8,956,893	568,940	2011	5 - 40
4047 Perimeter West Drive	Charlotte, NC	—		1,279,004	—	6,391,962	1,279,004	6,391,962	7,670,966	293,396	2011	5 - 40
4525 Statesville Road	Charlotte, NC	—		841,250	5,279,315	167,556	837,144	5,450,977	6,288,121	331,322	2011	5 - 40
4835 Sirona Drive	Charlotte, NC	4,243,165		690,750	5,086,388	172,041	690,750	5,258,429	5,949,179	207,403	2012	5 - 40
4925 Sirona Drive	Charlotte, NC	4,164,318		603,003	4,969,011	—	603,003	4,969,011	5,572,014	211,106	2012	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
				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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
5033 Sirona Drive	Charlotte, NC	3,634,246		509,247	4,710,218	160,736	613,962	4,766,239	5,380,201	162,055	2012	5 - 40
8910 Pioneer Avenue	Charlotte, NC	—		527,873	4,959,206	46,726	527,873	5,005,932	5,533,805	302,605	2011	5 - 40
8916 Pioneer Avenue	Charlotte, NC	—		557,730	5,785,333	340,623	557,730	6,125,956	6,683,686	355,651	2011	5 - 40
1301 Executive Boulevard	Chesapeake, VA	—		997,570	—	5,163,173	970,151	5,190,592	6,160,743	1,164,892	2005	5 - 40
1305 Executive Boulevard	Chesapeake, VA	—		861,020	—	4,975,983	1,129,850	4,707,153	5,837,003	1,276,635	2002	5 - 40
1309 Executive Boulevard	Chesapeake, VA	—		926,125	—	5,098,066	955,374	5,068,817	6,024,191	1,628,773	2001	5 - 40
1313 Executive Boulevard	Chesapeake, VA	—		1,180,036	—	5,146,319	1,708,050	4,618,305	6,326,355	1,467,773	2002	5 - 40
2601 Indian River Road	Chesapeake, VA	—	*	1,711,746	10,418,032	433,142	1,711,746	10,851,174	12,562,920	91,239	2013	5 - 40
500 Independence Parkway	Chesapeake, VA	—		864,150	4,427,285	660,242	866,609	5,085,068	5,951,677	1,418,193	2004	5 - 40
501 Independence Parkway	Chesapeake, VA	—		1,202,556	5,975,538	1,572,766	1,292,273	7,458,587	8,750,860	1,863,791	2005	5 - 40
505 Independence Parkway	Chesapeake, VA	—		1,292,062	6,456,515	1,274,225	1,292,254	7,730,547	9,022,801	1,773,034	2005	5 - 40
510 Independence Parkway	Chesapeake, VA	—		2,012,149	7,546,882	996,838	2,014,689	8,541,181	10,555,870	2,161,922	2005	5 - 40
676 Independence Parkway	Chesapeake, VA	—		1,527,303	—	11,321,991	1,562,903	11,286,391	12,849,294	1,339,355	2006	5 - 40
700 Independence Parkway	Chesapeake, VA	—		1,950,375	7,236,994	675,718	1,951,135	7,911,952	9,863,087	2,365,051	2004	5 - 40
1540 S 54th Avenue	Cicero, IL	—		3,540,236	20,130,552	927,655	3,540,236	21,058,207	24,598,443	162,747	2013	5 - 40
4650 Lake Forest Drive	Cinncinnati, OH	—		1,030,242	4,003,024	115,772	1,030,242	4,118,795	5,149,037	39,758	2013	5 - 40
4750 Lake Forest Drive	Cinncinnati, OH	—		1,138,166	5,914,789	197,670	1,138,166	6,112,459	7,250,625	58,433	2013	5 - 40
9645 Gerwig Lane	Columbia, MD	—		1,915,960	6,461,228	320,391	1,915,960	6,781,619	8,697,579	59,613	2013	5 - 40
2550 John Glenn Avenue	Columbus, OH	—		540,601	5,129,342	169,332	540,601	5,298,674	5,839,275	41,107	2013	5 - 40
3800 Twin Creeks Drive	Columbus, OH	—		549,393	4,643,302	181,695	549,393	4,824,997	5,374,390	41,734	2013	5 - 40
455 Airline Drive	Coppell, TX	—	*	312,701	2,311,531	334,283	312,701	2,645,814	2,958,515	17,627	2013	5 - 40
2130 Baldwin Avenue	Crofton, MD	—		3,172,032	7,350,782	418,907	3,172,032	7,769,689	10,941,721	64,488	2013	5 - 40
329-333 Herrod Blvd	Dayton, NJ	—	*	4,039,559	20,863,051	937,014	4,039,559	21,800,065	25,839,624	155,086	2013	5 - 40
1250 Hall Court	Deer Park, TX	2,722,013		829,570	4,778,327	47,399	831,611	4,823,685	5,655,296	934,423	2006	5 - 40
301-321 S Goolsby Blvd	Deerfield Beach, FL	—		498,136	2,781,180	18,971	498,136	2,800,151	3,298,287	22,061	2013	5 - 40
1680 Executive Drive	Duluth, GA	—		1,928,412	4,651,819	573,340	1,928,412	5,225,159	7,153,571	62,809	2013	5 - 40
1700 Executive Drive	Duluth, GA	—		1,082,072	2,496,599	319,679	1,082,072	2,816,278	3,898,350	30,845	2013	5 - 40
2670 Breckinridge Blvd	Duluth, GA	—		1,676,415	4,567,592	328,885	1,676,415	4,896,478	6,572,893	61,091	2013	5 - 40
170 Parkway West	Duncan, SC	—		598,348	3,643,756	203,325	598,918	3,846,511	4,445,429	860,720	2006	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
				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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
190 Parkway West	Duncan, SC	—		551,663	3,310,993	153,027	552,211	3,463,471	4,015,682	680,980	2006	5 - 40
265 Parkway East	Duncan, SC	—		901,444	5,751,389	190,639	902,374	5,941,098	6,843,472	1,430,296	2006	5 - 40
285 Parkway East	Duncan, SC	—		975,433	5,851,990	358,457	976,393	6,209,487	7,185,880	1,219,786	2006	5 - 40
3169 Dodd Road	Eagan, MN	—		988,594	6,586,907	—	988,594	6,586,907	7,575,501	343,323	2012	5 - 40
3255 Neil Armstrong Boulevard	Eagan, MN	—		1,131,017	—	3,372,043	1,103,860	3,399,200	4,503,060	1,275,823	1998	5 - 40
3711 Kennebec Drive	Eagan, MN	—		999,702	4,042,589	4,966	999,702	4,047,555	5,047,257	381,896	2011	5 - 40
917 Lone Oak Road	Eagan, MN	—	*	1,493,115	6,120,455	535,886	1,493,115	6,656,341	8,149,456	66,015	2013	5 - 40
10301-10305 West 70th Street	Eden Prairie, MN	—		120,622	1,085,226	474,001	118,300	1,561,549	1,679,849	722,729	1984	5 - 40
10321 West 70th Street	Eden Prairie, MN	—		145,198	1,305,700	568,632	142,399	1,877,131	2,019,530	666,111	1984	5 - 40
10333 West 70th Street	Eden Prairie, MN	—		110,746	995,868	351,149	108,610	1,349,153	1,457,763	637,325	1984	5 - 40
10349-10357 West 70th Street	Eden Prairie, MN	—		275,903	2,481,666	675,480	270,584	3,162,465	3,433,049	1,345,212	1985	5 - 40
10365-10375 West 70th Street	Eden Prairie, MN	—		291,077	2,618,194	629,305	285,464	3,253,112	3,538,576	1,378,360	1985	5 - 40
10393-10394 West 70th Street	Eden Prairie, MN	—		269,618	2,423,318	877,174	264,419	3,305,691	3,570,110	1,257,559	1985	5 - 40
10400 Viking Drive	Eden Prairie, MN	—		2,912,391	—	22,747,046	2,938,372	22,721,065	25,659,437	9,595,577	1999	5 - 40
7075 Flying Cloud Drive	Eden Prairie, MN	—		10,232,831	10,855,851	58,415	10,243,977	10,903,119	21,147,096	1,863,010	2007	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	1,838,989	1985	5 - 40
7615 Smetana Lane	Eden Prairie, MN	—		1,011,517		8,469,751	3,000,555	6,480,713	9,481,268	2,309,902	2001	5 - 40
7625 Smetana Lane	Eden Prairie, MN	—		4,500,641	—	3,023,926	1,916,609	5,607,958	7,524,567	1,204,109	2006	5 - 40
7695-7699 Anagram Drive	Eden Prairie, MN	—		760,525	3,254,758	991,584	760,525	4,246,342	5,006,867	1,924,564	1997	5 - 40
7777 Golden Triangle Drive	Eden Prairie, MN	—		993,101	2,136,862	1,151,599	993,101	3,288,460	4,281,561	1,272,795	2000	5 - 40
7800 Equitable Drive	Eden Prairie, MN	—		2,188,525	3,788,762	392,378	2,188,525	4,181,139	6,369,664	1,472,735	1993	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	2,932,113	1994	5 - 40
8855 Columbine Road	Eden Prairie, MN	—		1,400,925		5,226,017	1,599,757	5,027,185	6,626,942	1,221,178	2000	5 - 40
8911 Columbine Road (B2)	Eden Prairie, MN	—		916,687		3,559,577	1,718,407	2,757,857	4,476,264	844,041	2000	5 - 40
8937 Columbine Road	Eden Prairie, MN	—		1,325,829		4,385,490	1,739,966	3,971,353	5,711,319	1,270,671	2001	5 - 40
8967 Columbine Road	Eden Prairie, MN	—		1,450,000	—	4,088,618	1,450,000	4,088,618	5,538,618	1,422,640	2000	5 - 40
8995 Columbine Road	Eden Prairie, MN	—		1,087,594		3,850,532	2,055,296	2,882,830	4,938,126	998,881	2001	5 - 40
9023 Columbine Road	Eden Prairie, MN	—		1,956,273	—	5,123,697	1,956,273	5,123,697	7,079,970	2,059,439	1999	5 - 40
2250 Arthur Avenue	Elk Grove, IL	—		1,403,196	2,386,396	51,263	1,403,196	2,437,659	3,840,855	20,679	2013	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
				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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
6600 Business Parkway	Elkridge, MD	—		3,680,220	14,671,910	395,344	3,680,220	15,067,254	18,747,474	105,499	2013	5 - 40
6675 Business Parkway	Elkridge, MD	—	*	2,421,854	9,730,192	225,677	2,421,854	9,955,869	12,377,723	73,191	2013	5 - 40
7351 Coca Cola Drive	Elkridge, MD	—		1,897,044	—	7,286,413	3,023,417	6,160,040	9,183,457	1,292,513	2006	5 - 40
21705-21707 Mississippi Street	Elwood, IL	—		10,594,259	30,329,802	892,439	10,594,259	31,222,242	41,816,501	2,032,198	2011	5 - 40
27143 S. Baseline Road	Elwood, IL	—		6,022,000	5,612,934	191,986	6,022,000	5,804,920	11,826,920	423,122	2011	5 - 40
1800 Donaldson Road	Erlanger, KY	—		—	13,211,604	616,661	—	13,828,265	13,828,265	115,624	2013	5 - 40
180 Sheree Boulevard	Exton, PA	—		2,647,861	11,334,403	2,676,399	2,649,426	14,009,237	16,658,663	3,117,837	2007	5 - 40
6880 Fairfield Drive	Fairfield, OH	—		412,136	3,029,177	74,745	412,136	3,103,922	3,516,058	24,226	2013	5 - 40
7000-7018 Fairfield Business	Fairfield, OH	—		367,925	2,205,817	79,892	367,925	2,285,709	2,653,634	19,689	2013	5 - 40
2000 Southpointe Dr	Forest Park, GA	—		756,221	9,115,626	429,263	756,221	9,544,889	10,301,110	81,581	2013	5 - 40
1400 NW 65th Place	Fort Lauderdale, FL	—	*	545,480	2,540,210	66,119	545,480	2,606,329	3,151,809	18,432	2013	5 - 40
6500 NW 12th Avenue	Fort Lauderdale, FL	—	*	—	3,064,734	159,947	—	3,224,681	3,224,681	27,778	2013	5 - 40
6501 NW 12th Avenue	Fort Lauderdale, FL	—		519,984	2,677,465	51,998	519,984	2,729,463	3,249,447	20,525	2013	5 - 40
6600 NW 12th Avenue	Fort Lauderdale, FL	—	*	—	2,988,181	159,201	—	3,147,382	3,147,382	28,193	2013	5 - 40
5400 Alliance Gateway Freeway	Fort Worth, TX	—		1,515,860	6,710,118	403,669	1,515,860	7,113,787	8,629,647	72,186	2013	5 - 40
101 Constitution Blvd	Franklin, MA	—		532,339	4,206,412	310,120	532,339	4,516,532	5,048,871	96,829	2013	5 - 40
20 Liberty Way	Franklin, MA	—		618,521	4,570,341	339,916	618,521	4,910,257	5,528,778	50,621	2013	5 - 40
9601 Cosner Drive	Fredericksburg, VA	—		475,262	3,917,234	242,595	475,262	4,159,829	4,635,091	1,926,193	1995	5 - 40
200 W Cypress Creek Road	Ft. Lauderdale, FL	—		3,414,989	2,399,738	8,597,913	3,414,989	10,997,651	14,412,640	2,194,161	2003	5 - 40
5410 - 5430 Northwest 33rd Avenue	Ft. Lauderdale, FL	—		603,776	4,176,238	1,424,212	625,111	5,579,115	6,204,226	2,243,225	1985	5 - 40
12601 Industry Street	Garden Grove, CA	—		2,048,143	1,088,697	70,518	2,048,143	1,159,215	3,207,358	17,229	2013	5 - 40
12641 Industry Street	Garden Grove, CA	—		3,766,822	2,539,214	132,812	3,766,822	2,672,026	6,438,848	22,781	2013	5 - 40
850 S Jupiter Road	Garland, TX	—		799,707	6,122,065	249,660	799,707	6,371,725	7,171,432	50,441	2013	5 - 40
2510 W Main Street	Grand Prairie, TX	—	*	1,785,741	11,158,818	869,832	1,785,741	12,028,650	13,814,391	117,548	2013	5 - 40
4251 North Highway 121	Grapevine, TX	—	*	1,165,780	7,799,270	420,260	1,165,780	8,219,529	9,385,309	71,766	2013	5 - 40
116 Pleasant Ridge Road	Greenville, SC	—		1,547,811	—	14,172,014	3,712,683	12,007,142	15,719,825	1,664,305	2006	5 - 40
45 Brookfield Oaks Drive	Greenville, SC	—		818,114	—	4,471,082	825,529	4,463,667	5,289,196	695,196	2006	5 - 40
2011 Southtech Drive	Greenwood, IN	—		223,702	3,574,142	310,465	223,702	3,884,607	4,108,309	41,409	2013	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
				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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
2121 Southtech Drive	Greenwood, IN	—		272,823	3,606,920	411,808	272,823	4,018,729	4,291,552	51,669	2013	5 - 40
800 Commerce Parkway West Dr	Greenwood, IN	—		1,374,664	29,963,830	1,317,168	1,374,664	31,280,998	32,655,662	259,427	2013	5 - 40
1487 South Highway 101	Greer, SC	—		464,237	—	5,829,595	1,301,738	4,992,094	6,293,832	612,898	2007	5 - 40
2727 London Grove Road	Groveport, OH	—		1,875,607	11,937,935	334,714	1,875,607	12,272,649	14,148,256	112,099	2013	5 - 40
11841 Newgate Boulevard	Hagerstown, MD	—		3,356,207	—	30,555,105	9,741,685	24,169,627	33,911,312	3,608,467	2008	5 - 40
1 Enterprise Parkway	Hampton, VA	—		974,675	5,579,869	1,739,690	974,675	7,319,559	8,294,234	3,146,481	1987	5 - 40
1317 Executive Boulevard	Hampton, VA	—		1,650,423	—	7,945,718	1,128,829	8,467,312	9,596,141	1,721,885	2006	5 - 40
21 Enterprise Parkway	Hampton, VA	—		263,668	8,167,118	1,136,137	265,719	9,301,204	9,566,923	3,214,411	1999	5 - 40
22 Enterprise Parkway	Hampton, VA	—		1,097,368	6,760,778	1,388,402	1,097,368	8,149,180	9,246,548	3,333,063	1990	5 - 40
5 Manhattan Square	Hampton, VA	—		207,368	—	1,535,912	212,694	1,530,586	1,743,280	595,962	1999	5 - 40
521 Butler Farm Road	Hampton, VA	—		750,769	2,911,149	225,580	710,486	3,177,012	3,887,498	900,610	2003	5 - 40
1560 Hunter Road	Hanover Park, IL	—	*	2,639,734	12,310,741	578,659	2,639,734	12,889,400	15,529,134	101,393	2013	5 - 40
1575 Hunter Road	Hanover Park, IL	—	*	3,293,284	17,235,926	752,167	3,293,284	17,988,093	21,281,377	151,165	2013	5 - 40
7361 Coca Cola Drive	Hanover, MD	—		2,245,187	—	9,391,010	3,822,710	7,813,487	11,636,197	986,214	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	6,506,685	2005	5 - 40
600 Industrial Drive	Harrisburg, PA	—		7,743,800	—	29,107,932	9,368,557	27,483,175	36,851,732	6,194,273	2005	5 - 40
7195 Grayson Road	Harrisburg, PA	—		464,534	6,066,272	129,149	464,534	6,195,421	6,659,955	46,145	2013	5 - 40
7253 Grayson Road	Harrisburg, PA	—		954,130	10,585,367	280,506	954,130	10,865,873	11,820,003	76,147	2013	5 - 40
12537 Cerise Avenue	Hawthorne, CA	—		2,203,194	5,758,809	94,181	2,203,194	5,852,990	8,056,184	39,989	2013	5 - 40
1010 Petersburg Road	Hebron, KY	—		305,471	5,434,505	306,564	305,471	5,741,069	6,046,540	46,358	2013	5 - 40
785 Lindbergh Court	Hebron, KY	—		401,410	3,087,899	146,729	401,410	3,234,628	3,636,038	38,908	2013	5 - 40
805 Lindbergh Court	Hebron, KY	—		292,096	2,502,486	156,556	292,096	2,659,041	2,951,137	25,212	2013	5 - 40
825 Lindbergh Court	Hebron, KY	—		370,149	3,095,116	198,440	370,149	3,293,557	3,663,706	41,428	2013	5 - 40
845 Lindbergh Court	Hebron, KY	—		444,318	3,811,889	213,437	444,318	4,025,326	4,469,644	44,027	2013	5 - 40
1498 Eagle Hill Drive	High Point, NC	—		94,274	—	6,219,495	791,880	5,521,889	6,313,769	1,004,621	2005	5 - 40
4183 Eagle Hill Drive	High Point, NC	—		122,203	—	3,259,320	526,266	2,855,257	3,381,523	978,595	2001	5 - 40
4189 Eagle Hill Drive	High Point, NC	—		100,106	—	3,595,213	431,106	3,264,213	3,695,319	1,228,964	2001	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
			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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
4195 Eagle Hill Drive	High Point, NC	—	107,586	—	3,543,904	505,700	3,145,790	3,651,490	804,486	2004	5 - 40
4328, 4336 Federal Drive	High Point, NC	2,020,222	521,122	—	7,525,947	825,092	7,221,977	8,047,069	4,379,264	1995	5 - 40
4344 Federal Drive	High Point, NC	—	484,001	—	2,848,373	173,623	3,158,751	3,332,374	1,489,961	1996	5 - 40
4380 Federal Drive	High Point, NC	—	282,996	—	2,160,892	283,368	2,160,520	2,443,888	914,535	1997	5 - 40
4388 Federal Drive	High Point, NC	—	143,661	—	1,213,832	132,655	1,224,838	1,357,493	493,837	1997	5 - 40
4475 Premier Drive	High Point, NC	—	748,693	—	6,805,541	1,525,421	6,028,813	7,554,234	826,571	2006	5 - 40
4500 Green Point Drive	High Point, NC	—	230,622	—	2,434,222	231,692	2,433,152	2,664,844	1,236,930	1989	5 - 40
4501 Green Point Drive	High Point, NC	—	319,289	—	3,156,348	320,450	3,155,187	3,475,637	1,466,476	1989	5 - 40
4523 Green Point Drive	High Point, NC	—	234,564	—	3,324,961	235,698	3,323,827	3,559,525	1,819,904	1988	5 - 40
4524 Green Point Drive	High Point, NC	—	182,810	—	2,756,119	183,888	2,755,041	2,938,929	1,503,373	1989	5 - 40
Unit 5 Logix Road	Hinckley, UK	—	10,547,677	29,691,911	—	10,547,677	29,691,911	40,239,588	548,662	2013	5 - 40
1515 6th Street South	Hopkins,MN	—	813,036	1,503,075	361,550	813,036	1,864,625	2,677,661	27,652	2013	5 - 40
1600 5th Street South	Hopkins,MN	—	339,336	2,106,454	80,794	339,336	2,187,249	2,526,585	17,021	2013	5 - 40
100 Gibraltar Road	Horsham, PA	—	38,729	349,811	59,073	38,729	408,884	447,613	155,147	1975	5 - 40
100 Witmer Road	Horsham, PA	—	3,102,784	—	20,452,861	3,764,784	19,790,861	23,555,645	6,480,136	1996	5 - 40
100-107 Lakeside Drive	Horsham, PA	—	239,528	2,163,498	617,512	255,528	2,765,010	3,020,538	1,042,612	1982	5 - 40
101 Gibraltar Road	Horsham, PA	—	651,990	5,888,989	2,069,897	732,552	7,878,324	8,610,876	3,284,305	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	1,871,431	1975	5 - 40
102 Rock Road	Horsham, PA	—	1,110,209	2,301,302	1,203,842	1,185,635	3,429,717	4,615,352	1,132,494	1985	5 - 40
103-109 Gibraltar Road	Horsham, PA	—	270,906	2,448,500	362,165	270,906	2,810,664	3,081,570	1,188,356	1978	5 - 40
104 Witmer Road	Horsham, PA	—	1,248,148	—	593,447	189,793	1,651,802	1,841,595	643,313	1975	5 - 40
110 Gibraltar Road	Horsham, PA	—	673,041	5,776,369	1,969,345	673,041	7,745,714	8,418,755	3,132,658	1979	5 - 40
111-159 Gibraltar Road	Horsham, PA	—	489,032	4,126,151	1,235,014	489,032	5,361,165	5,850,197	2,365,400	1981	5 - 40
113-123 Rock Road	Horsham, PA	—	351,072	3,171,001	708,270	451,731	3,778,612	4,230,343	1,601,594	1975	5 - 40
120 Gibraltar Road	Horsham, PA	—	533,142	4,830,515	1,855,500	558,142	6,661,015	7,219,157	2,639,758	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	1,769,955	1975	5 - 40
132 Welsh Road	Horsham, PA	—	1,333,642	—	3,752,651	1,408,041	3,678,252	5,086,293	1,523,111	1998	5 - 40
161-175 Gibraltar Road	Horsham, PA	—	294,673	2,663,722	957,148	294,673	3,620,870	3,915,543	1,559,023	1976	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
			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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
181-187 Gibraltar Road	Horsham, PA	—	360,549	3,259,984	787,154	360,549	4,047,138	4,407,687	1,849,809	1982	5 - 40
2 Walnut Grove Drive	Horsham, PA	—	1,281,870	7,767,374	1,442,612	1,265,363	9,226,493	10,491,856	4,013,758	1989	5 - 40
200 Gibraltar Road	Horsham, PA	—	638,513	5,811,323	1,991,542	638,513	7,802,865	8,441,378	3,237,354	1990	5 - 40
200-264 Lakeside Drive	Horsham, PA	—	502,705	4,540,597	2,291,981	502,705	6,832,578	7,335,283	2,696,472	1982	5 - 40
201 Gibraltar Road	Horsham, PA	—	380,127	3,433,433	2,324,673	380,802	5,757,431	6,138,233	2,311,095	1983	5 - 40
210-223 Witmer Road	Horsham, PA	—	270,282	2,441,276	1,962,945	270,282	4,404,221	4,674,503	1,766,596	1972	5 - 40
220 Gibraltar Road	Horsham, PA	—	629,944	5,733,228	1,333,679	629,944	7,066,907	7,696,851	2,822,143	1990	5 - 40
231-237 Gibraltar Road	Horsham, PA	—	436,952	3,948,963	1,068,263	436,952	5,017,226	5,454,178	2,096,540	1981	5 - 40
240 Gibraltar Road	Horsham, PA	—	629,944	5,733,234	1,804,045	629,944	7,537,279	8,167,223	3,637,398	1990	5 - 40
255 Business Center Drive	Horsham, PA	—	1,154,289	2,007,214	770,989	1,140,597	2,791,895	3,932,492	888,099	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	2,402,519	1978	5 - 40
300 Welsh Road	Horsham, PA	—	696,061	3,339,991	640,370	696,061	3,980,360	4,676,421	1,715,407	1985	5 - 40
300 Welsh Road - Building 3	Horsham, PA	—	180,459	1,441,473	633,163	180,459	2,074,635	2,255,094	843,190	1983	5 - 40
300 Welsh Road - Building 4	Horsham, PA	—	282,493	2,256,508	1,780,163	282,493	4,036,671	4,319,164	1,761,750	1983	5 - 40
300-309 Lakeside Drive	Horsham, PA	—	369,475	3,338,761	1,832,004	376,475	5,163,765	5,540,240	2,556,952	1982	5 - 40
355 Business Center Drive	Horsham, PA	—	483,045	898,798	544,472	471,171	1,455,144	1,926,315	546,069	2003	5 - 40
4 Walnut Grove	Horsham, PA	—	2,515,115	—	10,809,109	2,515,115	10,809,109	13,324,224	4,516,707	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	3,193,874	1981	5 - 40
455 Business Center Drive	Horsham, PA	—	1,351,011	2,503,449	1,907,857	1,322,317	4,440,000	5,762,317	1,268,213	2003	5 - 40
5 Walnut Grove Drive	Horsham, PA	—	1,065,951	—	10,625,374	1,939,712	9,751,613	11,691,325	3,498,803	2000	5 - 40
506 Prudential Road	Horsham, PA	—	208,140	895,470	894,621	208,140	1,790,091	1,998,231	802,323	1973	5 - 40
507 Prudential Road	Horsham, PA	—	644,900	5,804,100	8,408,030	1,131,380	13,725,650	14,857,030	6,360,060	1988	5 - 40
555 Business Center Drive	Horsham, PA	—	727,420	1,353,650	883,754	709,967	2,254,858	2,964,825	464,979	2003	5 - 40
680 Blair Mill Road	Horsham, PA	—	3,527,151		17,475,489	4,138,577	16,864,063	21,002,640	5,312,518	2001	5 - 40
7 Walnut Grove Drive	Horsham, PA	—	2,631,696	—	18,432,489	2,631,956	18,432,229	21,064,185	2,968,622	2006	5 - 40
700 Dresher Road	Horsham, PA	—	2,551,777	3,020,638	2,866,350	2,565,140	5,873,625	8,438,765	2,331,100	1987	5 - 40
747 Dresher Road	Horsham, PA	—	1,607,238	—	5,032,964	1,607,977	5,032,225	6,640,202	2,984,537	1988	5 - 40
767 Electronic Drive	Horsham, PA	—	1,229,685	—	2,436,397	1,241,970	2,424,112	3,666,082	1,318,586	1996	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
				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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
1000 South Loop West	Houston, TX	—	*	509,351	3,549,504	255,499	509,351	3,805,003	4,314,354	36,289	2013	5 - 40
10241 W Little York Rd	Houston, TX	—		558,491	5,740,552	129,761	558,491	5,870,313	6,428,804	40,844	2013	5 - 40
10245 W Little York Rd	Houston, TX	—		426,927	3,460,513	64,622	426,927	3,525,135	3,952,062	32,514	2013	5 - 40
10301 Round Up Lane	Houston, TX	—		545,501	2,927,700	599,143	545,501	3,526,842	4,072,343	217,921	2010	5 - 40
10305 Round Up Lane	Houston, TX	—		1,340,609	7,489,720	3,381,308	1,340,609	10,871,027	12,211,636	899,234	2010	5 - 40
10607 Haddington Drive	Houston, TX	—	*	201,469	1,631,561	104,388	201,469	1,735,950	1,937,419	14,698	2013	5 - 40
10735 West Little York Road	Houston, TX	—	*	1,110,988	6,351,946	2,271,088	1,135,483	8,598,539	9,734,022	2,297,741	2000	5 - 40
10739 West Little York Road	Houston, TX	—	*	797,931	5,950,894	400,330	799,560	6,349,595	7,149,155	1,799,185	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	1,677,006	2007	5 - 40
11502 South Main Street	Houston, TX	—	*	588,865	3,479,264	186,713	588,865	3,665,977	4,254,842	46,550	2013	5 - 40
1283 N Post Oak Rd	Houston, TX	—	*	80,730	870,656	40,876	80,730	911,532	992,262	6,872	2013	5 - 40
1287 N Post Oak Rd	Houston, TX	—	*	146,654	1,620,780	59,710	146,654	1,680,489	1,827,143	16,877	2013	5 - 40
1291 N Post Oak Rd	Houston, TX	—	*	510,102	4,129,042	217,109	510,102	4,346,151	4,856,253	54,758	2013	5 - 40
1416 N Sam Houston Parkway E	Houston, TX	—	*	218,850	1,639,902	90,023	218,850	1,729,924	1,948,774	14,111	2013	5 - 40
1420 N Sam Houston Parkway E	Houston, TX	—	*	211,279	1,554,156	107,515	211,279	1,661,671	1,872,950	14,273	2013	5 - 40
14200 Hollister Road	Houston, TX	—		1,396,794	—	4,855,857	1,699,632	4,553,019	6,252,651	189,974	2011	5 - 40
1424 N Sam Houston Parkway E	Houston, TX	—	*	283,107	2,077,323	145,748	283,107	2,223,071	2,506,178	19,688	2013	5 - 40
1428 N Sam Houston Parkway E	Houston, TX	—	*	367,446	1,952,453	102,727	367,446	2,055,179	2,422,625	20,402	2013	5 - 40
14400 Hollister Road	Houston, TX	—		1,830,419	—	6,654,454	1,861,540	6,623,333	8,484,873	16,966	2012	5 - 40
15102 Sommermeyer St	Houston, TX	—		755,121	3,155,774	230,571	755,121	3,386,345	4,141,466	36,052	2013	5 - 40
15150 Sommermeyer St	Houston, TX	—		418,580	1,564,587	131,319	418,580	1,695,906	2,114,486	17,228	2013	5 - 40
16405 Air Center Boulevard	Houston, TX	—	*	438,853	3,030,396	515,937	438,853	3,546,333	3,985,186	1,493,111	1997	5 - 40
16420 West Hardy Road	Houston, TX	—		529,876	3,267,872	118,332	529,876	3,386,204	3,916,080	35,961	2013	5 - 40
16445 Air Center Boulevard	Houston, TX	—	*	363,339	2,509,186	266,552	363,339	2,775,738	3,139,077	1,117,896	1997	5 - 40
1646 Rankin Road	Houston, TX	—	*	329,961	—	5,210,202	592,234	4,947,929	5,540,163	1,300,632	2005	5 - 40
1655 Townhurst Drive	Houston, TX	—	*	197,226	935,036	87,883	197,226	1,022,919	1,220,145	9,400	2013	5 - 40
16580 Air Center Boulevard	Houston, TX	—	*	289,000	3,559,857	1,290,182	289,000	4,850,040	5,139,040	1,462,889	1997	5 - 40
16602 Central Green Boulevard	Houston, TX	—	*	284,403	—	4,953,014	503,779	4,733,638	5,237,417	908,865	2005	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
				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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
16605 Air Center Boulevard	Houston, TX	—	*	298,999		3,417,513	496,186	3,220,326	3,716,512	927,143	2002	5 - 40
1665 Townhurst Drive	Houston, TX	—	*	452,439	2,016,585	57,074	452,439	2,073,658	2,526,097	15,817	2013	5 - 40
16680 Central Green Boulevard	Houston, TX	—	*	311,952	—	4,165,907	492,869	3,984,990	4,477,859	863,414	2001	5 - 40
16685 Air Center Boulevard	Houston, TX	—	*	414,691	—	2,459,338	414,691	2,459,338	2,874,029	576,093	2004	5 - 40
1755 Trans Central Drive	Houston, TX	—	*	293,534	3,036,269	518,093	306,147	3,541,749	3,847,896	1,107,572	1999	5 - 40
4301 S Pinemont Dr	Houston, TX	—	*	226,973	1,174,979	46,852	226,973	1,221,831	1,448,804	21,677	2013	5 - 40
4401 S Pinemont Dr	Houston, TX	—	*	244,240	1,412,622	35,635	244,240	1,448,257	1,692,497	23,544	2013	5 - 40
4501 S Pinemont Dr	Houston, TX	—	*	252,907	1,504,053	52,253	252,907	1,556,306	1,809,213	25,380	2013	5 - 40
5200 N. Sam Houston Parkway	Houston, TX	—	*	1,519,458	7,135,548	3,654,765	1,520,074	10,789,697	12,309,771	2,170,043	2007	5 - 40
5250 N. Sam Houston Parkway	Houston, TX	—	*	2,173,287	8,868,256	2,748,599	2,173,942	11,616,200	13,790,142	1,974,496	2007	5 - 40
5500 N. Sam Houston Parkway West	Houston, TX	—		1,243,541	—	6,452,951	1,513,152	6,183,340	7,696,492	295,882	2011	5 - 40
5910 West by Northwest Blvd	Houston, TX	—	*	891,397	3,765,299	203,141	891,397	3,968,440	4,859,837	40,200	2013	5 - 40
8017 Pinemont Drive	Houston, TX	—		900,953	5,323,727	114,191	900,953	5,437,918	6,338,871	45,057	2013	5 - 40
8272 El Rio Street	Houston, TX	—	*	530,494	4,108,626	206,722	530,494	4,315,348	4,845,842	35,649	2013	5 - 40
8282 El Rio Street	Houston, TX	—	*	450,422	3,304,942	180,261	450,422	3,485,203	3,935,625	30,003	2013	5 - 40
8301 Fallbrook Drive	Houston, TX	—	*	4,515,862	—	24,080,332	5,877,884	22,718,310	28,596,194	3,572,248	2006	5 - 40
850 Greens Parkway	Houston, TX	—	*	2,893,405	11,593,197	2,894,626	2,899,861	14,481,366	17,381,227	2,345,024	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	1,285,909	2007	5 - 40
8801 A-E Wallisville Rd	Houston, TX	—	*	444,205	2,340,333	108,163	444,205	2,448,496	2,892,701	22,120	2013	5 - 40
8801-19 & 8821-49 Fallbrook Drive	Houston, TX	—	*	2,290,001	15,297,141	1,867,404	2,290,002	17,164,544	19,454,546	4,657,668	2000	5 - 40
8802-8824 Fallbrook Drive	Houston, TX	—	*	2,774,995	6,364,767	1,362,915	2,775,021	7,727,655	10,502,676	2,101,491	2004	5 - 40
8811 A-E Wallisville Rd	Houston, TX	—	*	373,412	1,963,599	96,907	373,412	2,060,506	2,433,918	20,969	2013	5 - 40
8825-8839 N Sam Houston Pkwy	Houston, TX	—	*	638,453	3,258,815	650,142	638,477	3,908,932	4,547,409	958,990	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	1,303,330	2004	5 - 40
9500-9540 Clay Road	Houston, TX	—	*	1,412,849	7,279,448	336,295	1,412,849	7,615,743	9,028,592	63,534	2013	5 - 40
Liberty 11 at Central Green	Houston, TX	—		1,748,348	—	9,336,316	2,120,319	8,964,345	11,084,664	164,651	2012	5 - 40
Cabot III UK1B01	Isle of Man, UK	—		11,888,058	35,003,668	—	11,888,058	35,003,668	46,891,726	646,011	2013	5 - 40
1011 N Hilltop Drive	Itasca, IL	—		842,043	984,087	42,920	842,043	1,027,007	1,869,050	7,617	2013	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
				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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
1035 N Hilltop Drive	Itasca, IL	—		875,172	2,071,051	52,042	875,172	2,123,094	2,998,266	16,965	2013	5 - 40
1549 W Glenlake Avenue	Itasca, IL	—	*	1,339,627	3,763,288	79,355	1,339,627	3,842,642	5,182,269	29,399	2013	5 - 40
901 N Hilltop Drive	Itasca, IL	—		866,378	2,112,616	38,715	866,378	2,151,331	3,017,709	15,922	2013	5 - 40
925 N Hilltop Drive	Itasca, IL	—		945,251	2,010,181	46,316	945,251	2,056,497	3,001,748	15,961	2013	5 - 40
8241 Sandy Court	Jessup, MD	—		1,246,618	6,844,393	270,912	1,246,618	7,115,304	8,361,922	56,334	2013	5 - 40
8242 Sandy Court	Jessup, MD	—		1,488,746	9,072,440	363,544	1,488,746	9,435,984	10,924,730	70,410	2013	5 - 40
8246 Sandy Court	Jessup, MD	—		590,922	3,374,522	65,542	590,922	3,440,064	4,030,986	26,282	2013	5 - 40
1305 Chastain Road NW	Kennesaw, GA	—	*	808,159	5,712,959	536,521	808,159	6,249,480	7,057,639	63,945	2013	5 - 40
1325 Chastain Road NW	Kennesaw, GA	—	*	1,612,924	9,771,680	1,055,382	1,612,924	10,827,062	12,439,986	117,822	2013	5 - 40
3600 Cobb International Bld NW	Kennesaw, GA	—		716,860	6,962,212	409,426	716,860	7,371,639	8,088,499	67,898	2013	5 - 40
Unit 1 Bear Way	Kettering, UK	—		10,849,890	36,219,855	—	10,849,890	36,219,855	47,069,745	667,061	2013	5 - 40
151 South Warner Road	King of Prussia, PA	—		1,218,086	6,937,866	7,192,372	1,187,900	14,160,424	15,348,324	2,183,117	1980	5 - 40
170 South Warner Road	King of Prussia, PA	—		547,800	3,137,400	4,421,277	458,232	7,648,245	8,106,477	2,809,789	1980	5 - 40
180 South Warner Drive	King of Prussia, PA	—		995,393	—	8,754,035	—	9,749,428	9,749,428	870,655	2009	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	2,112,178	1980	5 - 40
2100 Renaissance Boulevard	King of Prussia, PA	—		1,110,111	—	12,098,486	1,132,519	12,076,078	13,208,597	3,702,844	1999	5 - 40
2201 Renaissance Boulevard	King of Prussia, PA	—		2,370,895	—	15,284,223	2,413,514	15,241,604	17,655,118	5,481,014	2000	5 - 40
2300 Renaissance Boulevard	King of Prussia, PA	—		509,580	—	3,050,939	574,152	2,986,367	3,560,519	1,444,383	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	10,059,898	2002	5 - 40
2500 Renaissance Boulevard	King of Prussia, PA	—		509,580	—	2,662,758	592,886	2,579,452	3,172,338	1,140,031	1999	5 - 40
2520 Renaissance Boulevard	King of Prussia, PA	—		1,020,000	—	4,622,740	978,402	4,664,338	5,642,740	2,198,388	1999	5 - 40
2560 Renaissance Boulevard	King of Prussia, PA	—		607,210	—	3,122,044	649,792	3,079,462	3,729,254	1,358,606	2000	5 - 40
2700 Horizon Drive	King of Prussia, PA	—		764,370	—	3,643,566	867,815	3,540,121	4,407,936	1,525,767	1998	5 - 40
2900 Horizon Drive	King of Prussia, PA	—		679,440	—	3,503,074	774,096	3,408,418	4,182,514	1,519,241	1998	5 - 40
3000 Horizon Drive	King of Prussia, PA	—		1,191,449	—	2,476,299	946,703	2,721,045	3,667,748	1,038,239	1997	5 - 40
3100 Horizon Drive	King of Prussia, PA	—		601,956	—	2,192,852	611,436	2,183,372	2,794,808	847,707	1995	5 - 40
3200 Horizon Drive	King of Prussia, PA	—		928,637	—	6,272,635	1,210,137	5,991,135	7,201,272	2,268,296	1996	5 - 40
3400 Horizon Drive	King of Prussia, PA	—		776,496	3,139,068	1,537,958	776,496	4,677,025	5,453,521	1,765,636	1995	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
				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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
3500 Horizon Drive	King of Prussia, PA	—		1,204,839	—	2,830,072	1,223,875	2,811,036	4,034,911	1,200,183	1996	5 - 40
3600 Horizon Drive	King of Prussia, PA	—		236,432	1,856,252	743,039	236,432	2,599,291	2,835,723	1,034,493	1989	5 - 40
3602 Horizon Drive	King of Prussia, PA	—		217,734	1,759,489	385,029	217,809	2,144,443	2,362,252	888,596	1989	5 - 40
3604 Horizon Drive	King of Prussia, PA	—		397,178	—	1,836,269	350,874	1,882,573	2,233,447	771,370	1998	5 - 40
440 East Swedesford Road	King of Prussia, PA	—		717,001	4,816,121	2,824,138	717,001	7,640,259	8,357,260	3,604,214	1988	5 - 40
460 East Swedesford Road	King of Prussia, PA	—		705,317	4,737,487	4,083,817	705,317	8,821,304	9,526,621	3,708,707	1988	5 - 40
650 Swedesford Road	King of Prussia, PA	—		952,911	6,722,830	8,139,683	952,911	14,862,513	15,815,424	6,614,425	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	6,234,016	1971	5 - 40
1700 Interstate Drive	Lakeland, FL	—		650,000	5,444,220	—	650,000	5,444,220	6,094,220	164,953	2012	5 - 40
5801 Columbia Park Road	Landover,MD	—		1,187,620	4,598,346	182,789	1,187,620	4,781,135	5,968,755	38,810	2013	5 - 40
11425 State Highway 225	LaPorte, TX	—	*	975,974	3,409,036	8,957	977,542	3,416,424	4,393,966	714,598	2006	5 - 40
11503 State Highway 225	LaPorte, TX	—	*	2,561,931	9,695,493	237,274	2,566,047	9,928,651	12,494,698	1,945,902	2006	5 - 40
640 S State Road 39	Lebanon,IN	—		1,612,787	18,065,552	1,213,251	1,612,787	19,278,803	20,891,590	168,035	2013	5 - 40
7528 Walker Way	Lehigh, PA	—		893,441	—	5,510,457	779,330	5,624,568	6,403,898	1,613,828	2004	5 - 40
8301 Industrial Boulevard	Lehigh, PA	—		11,249,550	—	45,365,956	11,254,716	45,360,790	56,615,506	9,145,860	2005	5 - 40
8500 Willard Drive	Lehigh, PA	2,620,462		6,398,815	—	21,851,472	7,734,826	20,515,461	28,250,287	3,041,960	2004	5 - 40
875 Maxham Road	Lithia Springs, GA	—		445,493	10,160,616	558,420	445,493	10,719,036	11,164,529	86,272	2013	5 - 40
2145 Center Square Road	Logan Township, NJ	—		817,326	5,466,668	310,105	817,326	5,776,773	6,594,099	81,911	2013	5 - 40
7533 Industrial Parkway	Lower Macungie, PA	—		5,603,460	18,807,987	2,434,039	5,603,460	21,242,026	26,845,486	2,045,508	2011	5 - 40
1901 Summit Tower Boulevard	Maitland, FL	—		6,078,791	12,348,567	2,053,578	6,083,206	14,397,731	20,480,937	6,291,291	1998	5 - 40
1 Country View Road	Malvern, PA	—		400,000	3,600,000	6,360,798	406,421	9,954,377	10,360,798	3,704,662	1982	5 - 40
1 Great Valley Parkway	Malvern, PA	—		419,460	3,792,570	1,350,316	419,460	5,142,886	5,562,346	1,928,648	1982	5 - 40
10 Great Valley Parkway	Malvern, PA	—		823,540	1,341,376	459,973	832,244	1,792,645	2,624,889	590,788	2003	5 - 40
10 Valley Stream Parkway	Malvern, PA	—		509,075	—	2,726,213	509,899	2,725,389	3,235,288	1,789,979	1984	5 - 40
10, 20 Liberty Boulevard	Malvern, PA	—		724,058	—	5,827,720	724,846	5,826,932	6,551,778	3,506,696	1985	5 - 40
100 Chesterfield Parkway	Malvern, PA	—		1,320,625	—	7,321,902	1,965,944	6,676,583	8,642,527	3,366,709	1998	5 - 40
1001 Cedar Hollow Road	Malvern, PA	—		1,436,814	—	16,163,891	1,676,470	15,924,235	17,600,705	7,708,864	1998	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
			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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
11 Great Valley Parkway	Malvern, PA	—	496,297	—	2,960,712	708,331	2,748,678	3,457,009	887,432	2001	5 - 40
11,15 Great Valley Parkway	Malvern, PA	—	1,837,050	—	14,960,110	1,837,878	14,959,282	16,797,160	11,580,321	1986	5 - 40
12,14,16 Great Valley Parkway	Malvern, PA	—	130,689	—	1,326,294	128,767	1,328,216	1,456,983	910,800	1982	5 - 40
14 Lee Boulevard	Malvern, PA	—	664,282	—	5,569,322	643,892	5,589,712	6,233,604	3,657,798	1988	5 - 40
155 Great Valley Parkway	Malvern, PA	—	625,147	—	2,640,082	626,068	2,639,161	3,265,229	1,954,876	1981	5 - 40
18 Great Valley Parkway	Malvern, PA	—	394,036	3,976,221	68,969	397,293	4,041,933	4,439,226	1,503,167	1980	5 - 40
2 West Liberty Boulevard	Malvern, PA	—	5,405,041	—	11,903,540	5,405,042	11,903,539	17,308,581	3,157,412	2003	5 - 40
20 Valley Stream Parkway	Malvern, PA	—	465,539	—	6,062,255	466,413	6,061,381	6,527,794	3,436,599	1987	5 - 40
200 Chesterfield Parkway	Malvern, PA	—	495,893	2,739,093	641,555	807,638	3,068,903	3,876,541	2,401,423	1989	5 - 40
257-275 Great Valley Parkway	Malvern, PA	—	504,611	—	5,086,503	505,458	5,085,656	5,591,114	3,457,782	1983	5 - 40
27-43 Great Valley Parkway	Malvern, PA	—	448,775	—	2,347,289	449,447	2,346,617	2,796,064	1,820,823	1977	5 - 40
277-293 Great Valley Parkway	Malvern, PA	—	530,729	—	2,268,833	531,534	2,268,028	2,799,562	1,616,657	1984	5 - 40
3 Country View Road	Malvern, PA	—	814,278	—	5,142,433	1,128,881	4,827,830	5,956,711	1,868,164	1998	5 - 40
30 Great Valley Parkway	Malvern, PA	—	128,126	—	554,378	128,783	553,721	682,504	372,198	1975	5 - 40
300 Technology Drive	Malvern, PA	—	368,626	—	1,351,625	374,497	1,345,754	1,720,251	884,437	1985	5 - 40
300-400 Chesterfield Parkway	Malvern, PA	—	937,212	—	5,607,142	1,393,919	5,150,435	6,544,354	2,944,236	1988	5 - 40
311 Technology Drive	Malvern, PA	—	397,131	—	2,713,845	397,948	2,713,028	3,110,976	1,805,580	1984	5 - 40
333 Phoenixville Pike	Malvern, PA	—	523,530	—	3,708,843	524,230	3,708,143	4,232,373	2,286,593	1985	5 - 40
375 Technology Drive	Malvern, PA	—	191,114	—	1,625,516	234,922	1,581,708	1,816,630	641,806	1998	5 - 40
40 Liberty Boulevard	Malvern, PA	—	4,241,137	17,737,090	2,904,729	4,241,168	20,641,787	24,882,955	8,383,098	1989	5 - 40
40 Valley Stream Parkway	Malvern, PA	—	322,918	—	2,315,958	325,775	2,313,101	2,638,876	1,534,806	1987	5 - 40
420 Lapp Road	Malvern, PA	—	1,054,418	—	8,850,116	1,055,243	8,849,291	9,904,534	4,249,871	1989	5 - 40
425 Technology Drive	Malvern, PA	—	191,114	—	1,700,603	321,473	1,570,244	1,891,717	654,666	1998	5 - 40
45 Liberty Boulevard	Malvern, PA	—	4,380,221	—	15,322,821	4,749,748	14,953,294	19,703,042	7,245,970	1999	5 - 40
45-67 Great Valley Parkway	Malvern, PA	—	795,143	—	4,331,125	795,831	4,330,437	5,126,268	2,927,317	1974	5 - 40
5 Country View Road	Malvern, PA	—	785,168	4,678,632	226,536	786,235	4,904,101	5,690,336	2,231,504	1985	5 - 40
5 Great Valley Parkway	Malvern, PA	—	684,200	6,181,661	1,652,942	684,200	7,834,603	8,518,803	3,356,876	1983	5 - 40
50 Morehall Road	Malvern, PA	—	849,576	—	13,104,302	1,337,076	12,616,802	13,953,878	6,568,093	1997	5 - 40
50 Valley Stream Parkway	Malvern, PA	—	323,971	—	2,434,613	323,792	2,434,792	2,758,584	1,538,462	1987	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
				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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
500 Chesterfield Parkway	Malvern, PA	—		472,364	—	3,156,878	756,847	2,872,395	3,629,242	1,675,028	1988	5 - 40
508 Lapp Road	Malvern, PA	—		331,392	—	1,713,394	332,216	1,712,570	2,044,786	1,248,445	1984	5 - 40
510 Lapp Road	Malvern, PA	—		356,950	—	926,587	357,751	925,786	1,283,537	723,943	1983	5 - 40
55 Valley Stream Parkway	Malvern, PA	—		215,005	—	4,094,361	215,818	4,093,548	4,309,366	2,874,838	1983	5 - 40
60 Morehall Road	Malvern, PA	—		865,424	9,285,000	5,182,805	884,974	14,448,255	15,333,229	9,061,777	1989	5 - 40
600 Chesterfield Parkway	Malvern, PA	—		2,013,750	—	9,074,858	2,784,282	8,304,326	11,088,608	3,957,954	1999	5 - 40
65 Valley Stream Parkway	Malvern, PA	—		381,544	—	6,785,626	382,361	6,784,809	7,167,170	4,999,023	1983	5 - 40
7 Great Valley Parkway	Malvern, PA	—		176,435	—	6,593,330	177,317	6,592,448	6,769,765	3,104,195	1985	5 - 40
700 Chesterfield Parkway	Malvern, PA	—		2,013,750	—	8,829,877	2,771,540	8,072,087	10,843,627	3,926,051	1999	5 - 40
75 Great Valley Parkway	Malvern, PA	—		143,074	—	618,372	143,811	617,635	761,446	505,537	1977	5 - 40
77-123 Great Valley Parkway	Malvern, PA	—		887,664	—	5,232,375	888,359	5,231,680	6,120,039	3,789,228	1978	5 - 40
1169 Canton Rd	Marietta, GA	—	*	1,232,219	17,897,326	435,643	1,232,219	18,332,969	19,565,188	130,432	2013	5 - 40
65 Brookfield Oaks Drive	Mauldin, SC	—		557,174	—	2,842,439	506,318	2,893,295	3,399,613	603,024	2004	5 - 40
75 Brookfield Oaks Drive	Mauldin, SC	—		419,731	—	2,332,292	430,909	2,321,114	2,752,023	565,611	2003	5 - 40
126-132 Liberty Industrial Pkw	McDonough, GA	—		600,666	4,184,131	480,533	600,666	4,664,663	5,265,329	72,925	2013	5 - 40
95-115 Liberty Industrial Pkwy	McDonough, GA	—		660,420	4,785,127	526,335	660,420	5,311,462	5,971,882	61,944	2013	5 - 40
11401 NW 134th Street	Medley, FL	—	*	5,558,619	17,678,237	730,681	5,558,619	18,408,918	23,967,537	176,279	2013	5 - 40
3824-3960 Crowfarn Drive	Memphis, TN	—		291,223	1,044,953	74,204	291,223	1,119,156	1,410,379	23,364	2013	5 - 40
4700 Nathan Lane North	Minneapolis, MN	—		1,501,308	8,446,083	13,720,236	1,501,308	22,166,319	23,667,627	4,819,927	1996	5 - 40
12501 & 12701 Whitewater Drive	Minnetonka, MN	—		2,175,209	3,948,085	8,574,579	2,177,953	12,519,920	14,697,873	3,604,849	1986	5 - 40
12800 Whitewater Drive	Minnetonka, MN	—		1,273,600	3,158,737	1,082,966	1,273,731	4,241,571	5,515,302	240,525	2011	5 - 40
12900 Whitewater Drive	Minnetonka, MN	—		1,236,560	2,762,325	1,023,214	1,236,687	3,785,412	5,022,099	212,508	2011	5 - 40
5400-5500 Feltl Road	Minnetonka, MN	—		883,895	7,983,345	2,466,053	883,895	10,449,398	11,333,293	4,538,606	1985	5 - 40
6000 Clearwater Drive	Minnetonka, MN	—		985,016	2,091,371	2,503,007	985,117	4,594,277	5,579,394	253,018	2011	5 - 40
456 International Parkway	Minooka, IL	—		3,862,683	14,357,981	3,540	3,862,683	14,361,521	18,224,204	1,095,591	2012	5 - 40
3100 SW 145th Avenue	Miramar, FL	—		6,204,407	—	16,706,567	6,265,000	16,645,974	22,910,974	2,182,874	2007	5 - 40
3350 SW 148th Avenue	Miramar, FL	—		2,960,511	—	18,332,548	2,980,689	18,312,370	21,293,059	7,221,373	2000	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
				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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
3400 Lakeside Drive	Miramar, FL	—		2,022,153	11,345,881	2,005,331	2,022,153	13,351,212	15,373,365	5,350,136	1990	5 - 40
3450 Lakeside Drive	Miramar, FL	—		2,022,152	11,357,143	2,802,516	2,022,152	14,159,659	16,181,811	6,059,965	1990	5 - 40
21 S Middlesex Avenue	Monroe Township, NJ	—	*	2,097,170	9,715,401	535,119	2,097,170	10,250,520	12,347,690	92,629	2013	5 - 40
4 S Middlesex Avenue	Monroe Township, NJ	—	*	2,263,153	10,261,759	594,026	2,263,153	10,855,785	13,118,938	88,852	2013	5 - 40
323 Park Knoll Drive	Morrisville, NC	2,614,609		1,071,600	4,397,807	1,022,728	1,071,600	5,420,535	6,492,135	683,726	2010	5 - 40
324 Park Knoll Drive	Morrisville, NC	—	*	1,449,092	4,424,932	305,792	1,449,450	4,730,366	6,179,816	850,539	2007	5 - 40
619 Distribution Drive	Morrisville, NC	—	*	1,031,430	5,655,167	341,601	1,031,685	5,996,513	7,028,198	1,075,863	2007	5 - 40
627 Distribution Drive	Morrisville, NC	—	*	1,061,370	5,152,110	600,687	1,061,632	5,752,535	6,814,167	953,626	2007	5 - 40
701 Distribution Drive	Morrisville, NC	—	*	1,300,889	5,313,226	207,184	1,301,211	5,520,088	6,821,299	982,101	2007	5 - 40
220 Lake Drive	Newark, DE	—		566,650	6,099,337	361,819	566,650	6,461,156	7,027,806	80,822	2013	5 - 40
222 Lake Drive	Newark, DE	—		1,045,238	1,975,553	149,013	1,045,238	2,124,565	3,169,803	29,443	2013	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	2,815,153	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	2,295,694	2004	5 - 40
4000 E Airport Drive	Ontario, CA	—		2,686,533	10,125,772	347,718	2,686,533	10,473,490	13,160,023	81,663	2013	5 - 40
1000 Gills Drive	Orlando, FL	—		415,906	—	2,713,878	435,400	2,694,384	3,129,784	408,256	2006	5 - 40
10003 Satellite Boulevard	Orlando, FL	—		680,312	2,120,754	1,367,678	680,312	3,488,432	4,168,744	1,060,925	2003	5 - 40
10511 & 10611 Satellite Boulevard	Orlando, FL	—		517,554	2,568,186	443,582	522,991	3,006,331	3,529,322	1,294,479	1985	5 - 40
10771 Palm Bay Drive	Orlando, FL	—		664,605		2,363,613	685,383	2,342,835	3,028,218	709,672	2001	5 - 40
1090 Gills Drive	Orlando, FL	—		878,320	2,558,833	1,401,321	878,320	3,960,154	4,838,474	1,039,531	2003	5 - 40
1400-1440 Central Florida Parkway	Orlando, FL	—		518,043	2,561,938	972,059	518,043	3,533,997	4,052,040	1,415,579	1962	5 - 40
1902 Cypress Lake Drive	Orlando, FL	—		523,512	3,191,790	1,501,108	538,512	4,677,898	5,216,410	1,811,632	1989	5 - 40
1950 Summit Park Drive	Orlando, FL	—		2,573,700	17,478,646	3,366,242	2,583,667	20,834,921	23,418,588	5,598,959	2005	5 - 40
1958 Summit Park Drive	Orlando, FL	—		2,573,961	11,206,937	10,302,131	2,583,216	21,499,813	24,083,029	4,753,999	2005	5 - 40
2000 Park Oaks Avenue	Orlando, FL	—	*	913,201	6,818,610	230,114	913,201	7,048,724	7,961,925	58,079	2013	5 - 40
201 Summit Park Drive	Orlando, FL	—		4,435,921	—	38,416,263	4,510,990	38,341,194	42,852,184	4,114,956	2008	5 - 40
2202 Taft-Vineland Road	Orlando, FL	—		1,283,713	—	5,350,222	1,283,713	5,350,222	6,633,935	2,340,664	2004	5 - 40
2212 Taft Vineland Road	Orlando, FL	—		838,853	—	4,084,540	767,953	4,155,440	4,923,393	954,226	2006	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
			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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
2256 Taft-Vineland Road	Orlando, FL	—	467,296	—	2,494,667	825,673	2,136,290	2,961,963	577,460	2005	5 - 40
2351 Investors Row	Orlando, FL	—	2,261,924	7,496,249	2,521,108	2,271,785	10,007,496	12,279,281	2,442,643	2004	5 - 40
2400 South Lake Orange Drive	Orlando, FL	—	385,964	—	3,215,820	642,427	2,959,357	3,601,784	920,539	2001	5 - 40
2412 Sand Lake Road	Orlando, FL	—	1,236,819	3,243,314	1,080,993	1,244,667	4,316,459	5,561,126	102,027	2012	5 - 40
2416 Lake Orange Drive	Orlando, FL	—	535,964		2,707,004	704,800	2,538,168	3,242,968	836,397	2002	5 - 40
6200 Lee Vista Boulevard	Orlando, FL	—	1,435,301	6,174,642	638,970	1,435,301	6,813,612	8,248,913	1,295,111	2006	5 - 40
6501 Lee Vista Boulevard	Orlando, FL	—	903,701		5,660,760	925,671	5,638,790	6,564,461	1,742,041	2001	5 - 40
6918 Presidents Drive	Orlando, FL	—	872,550	2,526,043	8,631	872,550	2,534,674	3,407,224	113,853	2012	5 - 40
6923 Lee Vista Boulevard	Orlando, FL	—	903,701	—	3,790,427	830,953	3,863,175	4,694,128	871,059	2006	5 - 40
7022 TPC Drive	Orlando, FL	—	1,443,510	6,775,194	538,223	1,457,286	7,299,642	8,756,928	1,442,201	2006	5 - 40
7100 TPC Drive	Orlando, FL	—	1,431,489	8,002,539	793,222	1,445,807	8,781,443	10,227,250	1,640,546	2006	5 - 40
7101 TPC Drive	Orlando, FL	—	1,553,537	5,702,243	329,099	1,570,863	6,014,016	7,584,879	1,154,156	2006	5 - 40
7315 Kingspointe Parkway	Orlando, FL	—	1,931,697	6,388,203	2,052,761	1,932,004	8,440,657	10,372,661	2,810,050	2004	5 - 40
8201 Chancellor Drive	Orlando, FL	—	4,295,972	15,564,905	2,994,969	4,295,972	18,559,875	22,855,847	3,178,833	2010	5 - 40
851 Gills Drive	Orlando, FL	—	332,992	—	2,861,135	373,500	2,820,627	3,194,127	460,129	2006	5 - 40
950 Gills Drive	Orlando, FL	—	443,989	—	2,907,134	464,800	2,886,323	3,351,123	411,719	2006	5 - 40
9550 Satellite Boulevard	Orlando, FL	—	574,831	—	2,507,801	587,319	2,495,313	3,082,632	1,044,792	1999	5 - 40
9600 Satellite Boulevard	Orlando, FL	—	252,850	1,297,923	102,860	252,850	1,400,783	1,653,633	549,904	1989	5 - 40
9700 Satellite Boulevard	Orlando, FL	—	405,362	1,146,546	298,443	405,362	1,444,989	1,850,351	550,617	1989	5 - 40
13 Centennial Drive	Peabody, MA	—	1,203,464	7,752,384	489,439	1,203,464	8,241,823	9,445,287	111,551	2013	5 - 40
1 Crescent Drive	Philadelphia, PA	—	567,280	—	15,417,229	347,892	15,636,617	15,984,509	3,015,280	2004	5 - 40
12285 McNulty Road	Philadelphia, PA	—	532,748	2,126,150	152,538	532,748	2,278,689	2,811,437	35,995	2013	5 - 40
150 Rouse Boulevard	Philadelphia, PA	—	567,531	—	13,999,552	569,349	13,997,734	14,567,083	496,978	2011	5 - 40
3 Crescent Drive	Philadelphia, PA	—	214,726	—	22,906,987	417,823	22,703,890	23,121,713	2,484,841	2008	5 - 40
4000 S 26th Street	Philadelphia, PA	—	51,784	—	7,097,969	616,467	6,533,286	7,149,753	228,285	2011	5 - 40
4050 S 26th Street	Philadelphia, PA	—	46,301	—	7,018,037	616,670	6,447,668	7,064,338	280,999	2011	5 - 40
4300 South 26th Street	Philadelphia, PA	—	402,673	—	34,872,598	413,030	34,862,241	35,275,271	3,880,730	2008	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
				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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
4751 League Island Boulevard	Philadelphia, PA	—		992,965	331,924	7,223,254		1,022,081	7,526,062	8,548,143	2,041,669	2003	5 - 40
4775 League Island Boulevard	Philadelphia, PA	—		891,892	—	4,623,172		366,982	5,148,082	5,515,064	810,065	2006	5 - 40
5 Crescent Drive	Philadelphia, PA	—		1,765,341	—	74,982,228		1,897,041	74,850,528	76,747,569	1,827,449	2011	5 - 40
8th & Walnut Streets	Philadelphia, PA	44,463,003		734,275	—	45,224,560		4,349,661	41,609,174	45,958,835	341,951	2011	5 - 40
2626 South 7th Street	Phoenix, AZ	—		2,519,510	3,798,560	3,286,737		2,519,510	7,085,297	9,604,807	228,380	2012	5 - 40
4207 E. Cotton Center Boulevard	Phoenix, AZ	—		1,409,908	4,680,808	1,100,202		1,410,248	5,780,670	7,190,918	1,401,486	2007	5 - 40
4217 E. Cotton Center Boulevard	Phoenix, AZ	—		6,920,980	10,045,599	3,757,067		6,690,321	14,033,325	20,723,646	2,988,108	2007	5 - 40
4303 E. Cotton Center Boulvard	Phoenix, AZ	—	*	2,619,964	9,675,711	43,651		2,619,964	9,719,362	12,339,326	1,883,829	2007	5 - 40
4313 E. Cotton Center Boulevard	Phoenix, AZ	—	*	3,895,539	16,724,283	1,467,793		3,895,539	18,192,076	22,087,615	3,801,214	2007	5 - 40
4405 E. Cotton Center Boulevard	Phoenix, AZ	—	*	2,646,318	9,697,439	825,620		2,646,318	10,523,059	13,169,377	1,931,623	2007	5 - 40
4410 E. Cotton Center Boulevard	Phoenix, AZ	—		4,758,484	10,559,563	5,608,207		4,765,172	16,161,082	20,926,254	3,290,039	2007	5 - 40
4415 E. Cotton Center Boulevard	Phoenix, AZ	—	*	1,749,957	3,667,748	465,844		1,749,957	4,133,592	5,883,549	786,739	2007	5 - 40
4425 E. Cotton Center Boulvard	Phoenix, AZ	—	*	7,318,457	24,549,401	(473,426	)	7,318,457	24,075,975	31,394,432	3,927,918	2007	5 - 40
4435 E. Cotton Center Boulevard	Phoenix, AZ	—		1,910,584	1,954,020	2,166,648		1,911,045	4,120,208	6,031,253	1,040,886	2007	5 - 40
4550 South 44th Street	Phoenix, AZ	—		5,380,972	—	9,257,593		6,391,283	8,247,282	14,638,565	2,049,181	2007	5 - 40
4610 South 44th Street	Phoenix, AZ	—		6,539,310	—	10,331,533		6,827,288	10,043,555	16,870,843	1,663,976	2007	5 - 40
4750 South 44th Place	Phoenix, AZ	—		3,756,307	8,336,400	4,190,610		3,761,587	12,521,730	16,283,317	2,136,090	2007	5 - 40
563 South 63rd Avenue	Phoenix, AZ	—		5,523,427	14,581,705	7,876,524		5,636,070	22,345,586	27,981,656	281,487	2013	5 - 40
9801 South 51st Street	Phoenix, AZ	—		2,225,839	2,059,235	1,063,738		2,225,839	3,122,973	5,348,812	267,643	2012	5 - 40
Cotton Center Building 18	Phoenix, AZ	—		11,222,938	—	15,254,730		11,318,033	15,159,635	26,477,668	309,257	2012	5 - 40
1000 Klein Road	Plano, TX	—		706,660	5,894,330	248,060		706,660	6,142,391	6,849,051	47,536	2013	5 - 40
1901 10th Street	Plano, TX	—	*	555,168	6,401,789	336,023		555,168	6,737,812	7,292,980	57,231	2013	5 - 40
1909 10th Street	Plano, TX	—	*	551,706	5,797,440	262,150		551,706	6,059,590	6,611,296	51,828	2013	5 - 40
3605 East Plano Parkway	Plano, TX	—		1,047,996	9,218,748	355,589		1,047,996	9,574,336	10,622,332	76,223	2013	5 - 40
3701 East Plano Parkway	Plano, TX	—		877,564	7,460,686	332,221		877,564	7,792,906	8,670,470	63,480	2013	5 - 40
800 Klein Road	Plano, TX	—		580,456	5,681,283	299,393		580,456	5,980,676	6,561,132	53,087	2013	5 - 40
900 Klein Road	Plano, TX	—		723,534	6,004,923	349,690		723,534	6,354,613	7,078,147	53,655	2013	5 - 40
9801 80th Avenue	Pleasant Prairie, WI	—		1,692,077	7,934,794	337,494		1,689,726	8,274,639	9,964,365	3,145,391	1994	5 - 40
2250 Hickory Road	Plymouth Meeting, PA	—		1,015,851	9,175,555	3,070,214		1,024,040	12,237,581	13,261,621	5,510,733	1985	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
				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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
14630-14650 28th Avenue North	Plymouth, MN	—		198,205	1,793,422	733,275	198,205	2,526,696	2,724,901	1,167,527	1978	5 - 40
2920 Northwest Boulevard	Plymouth, MN	—		392,026	3,433,678	434,126	384,235	3,875,595	4,259,830	1,549,911	1997	5 - 40
5905 Trenton Lane North	Plymouth, MN	—		1,616,360	4,487,462	388,509	1,616,360	4,875,970	6,492,330	45,381	2013	5 - 40
6055 Nathan Lane North	Plymouth, MN	—	*	1,327,017	4,527,404	319,429	1,327,017	4,846,833	6,173,850	43,172	2013	5 - 40
1400 SW 6th Court	Pompano Beach, FL	—		1,157,049	4,620,956	1,294,899	1,157,049	5,915,855	7,072,904	2,116,446	1986	5 - 40
1405 SW 6th Court	Pompano Beach, FL	—		392,138	1,565,787	444,436	392,138	2,010,224	2,402,362	868,485	1985	5 - 40
1500 SW 5th Court	Pompano Beach, FL	—		972,232	3,892,085	503,712	972,232	4,395,797	5,368,029	1,730,940	1957	5 - 40
1501 SW 5th Court	Pompano Beach, FL	—		203,247	811,093	342,376	203,247	1,153,470	1,356,717	408,458	1990	5 - 40
1601 SW 5th Court	Pompano Beach, FL	—		203,247	811,093	78,411	203,247	889,505	1,092,752	345,590	1990	5 - 40
1651 SW 5th Court	Pompano Beach, FL	—		203,247	811,093	183,052	203,247	994,146	1,197,393	364,633	1990	5 - 40
2201-2215 NW 30th Place	Pompano Beach, FL	—		1,120,328	3,427,358	96,028	1,120,328	3,523,386	4,643,714	30,893	2013	5 - 40
2250-2270 NW 30th Place	Pompano Beach, FL	—		993,015	2,423,174	123,273	993,015	2,546,447	3,539,462	21,532	2013	5 - 40
2280-2300 NW 30th Place	Pompano Beach, FL	—		906,947	2,157,802	156,054	906,947	2,313,857	3,220,804	17,823	2013	5 - 40
2301-2329 NW 30th Place	Pompano Beach, FL	—		1,268,707	3,079,811	109,158	1,268,707	3,188,969	4,457,676	28,692	2013	5 - 40
3000 NW 25th Avenue	Pompano Beach, FL	—		1,087,554	2,897,117	107,430	1,087,554	3,004,547	4,092,101	28,291	2013	5 - 40
3001-3037 NW 25th Avenue	Pompano Beach, FL	—		1,548,542	3,512,041	182,217	1,548,542	3,694,259	5,242,801	34,966	2013	5 - 40
3012-3050 NW 25th Avenue	Pompano Beach, FL	—		1,112,781	2,763,862	209,767	1,112,781	2,973,628	4,086,409	24,616	2013	5 - 40
595 SW 13th Terrace	Pompano Beach, FL	—		359,933	1,437,116	624,145	359,933	2,061,261	2,421,194	840,297	1984	5 - 40
601 SW 13th Terrace	Pompano Beach, FL	—		164,413	655,933	279,326	164,413	935,259	1,099,672	434,373	1984	5 - 40
605 SW 16th Terrace	Pompano Beach, FL	—		310,778	1,238,324	186,248	310,178	1,425,172	1,735,350	663,040	1965	5 - 40
8720 Rochester Avenue	Ranco Cucamonga, CA	—		1,304,547	3,371,959	104,950	1,304,547	3,476,909	4,781,456	25,864	2013	5 - 40
301 Hill Carter Parkway	Richmond, VA	—		659,456	4,836,010	159,898	659,456	4,995,908	5,655,364	2,377,111	1989	5 - 40
4101-4127 Carolina Avenue	Richmond, VA	—		310,854	2,279,597	1,093,550	310,854	3,373,147	3,684,001	1,518,335	1973	5 - 40
4201-4261 Carolina Avenue	Richmond, VA	—		693,203	5,083,493	1,908,968	693,203	6,992,461	7,685,664	3,263,202	1975	5 - 40
4263-4299 Carolina Avenue	Richmond, VA	—		256,203	2,549,649	2,159,827	256,203	4,709,476	4,965,679	2,057,224	1976	5 - 40
4263F-N. Carolina Avenue	Richmond, VA	—		91,476	—	1,760,194	91,599	1,760,071	1,851,670	789,708	1975	5 - 40
4301-4335 Carolina Avenue	Richmond, VA	—		223,696	1,640,435	2,470,110	223,696	4,110,545	4,334,241	1,549,168	1978	5 - 40
4337-4379 Carolina Avenue	Richmond, VA	—		325,303	2,385,557	1,293,892	325,303	3,679,449	4,004,752	1,744,383	1979	5 - 40
4401-4445 Carolina Avenue	Richmond, VA	—		615,038	4,510,272	443,077	615,038	4,953,349	5,568,387	2,314,990	1988	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
				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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
4447-4491 Carolina Avenue	Richmond, VA	—		454,056	2,729,742	364,252	454,056	3,093,994	3,548,050	1,580,731	1987	5 - 40
4501-4549 Carolina Avenue	Richmond, VA	—		486,166	3,565,211	553,422	486,166	4,118,633	4,604,799	1,882,892	1981	5 - 40
4551-4593 Carolina Avenue	Richmond, VA	—		474,360	3,478,646	944,590	474,360	4,423,236	4,897,596	2,088,072	1982	5 - 40
4601-4643 Carolina Avenue	Richmond, VA	—		652,455	4,784,675	769,136	652,455	5,553,811	6,206,266	2,805,560	1985	5 - 40
4645-4683 Carolina Avenue	Richmond, VA	—		404,616	2,967,187	541,284	404,616	3,508,471	3,913,087	1,624,533	1985	5 - 40
4717-4729 Eubank Road	Richmond, VA	—		449,447	3,294,697	2,212,870	452,263	5,504,751	5,957,014	2,275,160	1978	5 - 40
510 Eastpark Court	Richmond, VA	—		261,961	2,110,874	470,589	262,210	2,581,214	2,843,424	1,206,531	1989	5 - 40
520 Eastpark Court	Richmond, VA	—		486,118	4,083,582	698,931	486,598	4,782,033	5,268,631	1,931,125	1989	5 - 40
530 Eastpark Court	Richmond, VA	—		266,883	—	2,582,885	334,772	2,514,996	2,849,768	994,877	1999	5 - 40
540 Eastpark Court	Richmond, VA	—		742,300	—	5,415,233	1,066,839	5,090,694	6,157,533	751,308	2007	5 - 40
5600-5626 Eastport Boulevard	Richmond, VA	—		489,941	3,592,900	536,950	489,941	4,129,850	4,619,791	1,787,664	1989	5 - 40
5601-5659 Eastport Boulevard	Richmond, VA	—		705,660	—	4,769,910	720,100	4,755,470	5,475,570	2,165,001	1996	5 - 40
5650-5674 Eastport Boulevard	Richmond, VA	—		644,384	4,025,480	215,069	644,384	4,240,549	4,884,933	1,998,249	1990	5 - 40
5700 Eastport Boulevard	Richmond, VA	—		408,729	2,697,348	677,432	408,729	3,374,780	3,783,509	1,789,346	1990	5 - 40
5701-5799 Eastport Boulevard	Richmond, VA	—		694,644	—	5,612,200	700,503	5,606,341	6,306,844	2,084,265	1998	5 - 40
5900 Eastport Boulevard	Richmond, VA	—		676,661	—	4,974,338	687,898	4,963,101	5,650,999	2,222,816	1997	5 - 40
6000 Eastport Blvd	Richmond, VA	—		872,901	—	7,486,258	901,666	7,457,493	8,359,159	1,083,392	1997	5 - 40
2020 US Highway 301 South	Riverview, FL	—		1,233,639	13,608,485	109,899	1,233,800	13,718,223	14,952,023	2,769,053	2006	5 - 40
6530 Judge Adams Road	Rock Creek, NC	—		305,821	—	4,967,815	335,061	4,938,575	5,273,636	1,812,271	1999	5 - 40
6532 Judge Adams Road	Rock Creek, NC	—		354,903	—	4,016,834	399,988	3,971,749	4,371,737	1,626,000	1997	5 - 40
13098 George Weber Drive	Rogers, MN	—		895,811	6,004,189	645,566	895,811	6,649,755	7,545,566	564,459	2011	5 - 40
1070 Windham Parkway	Romeoville, IL	—		8,672,143	24,144,864	—	8,672,143	24,144,864	32,817,007	840,005	2012	5 - 40
1550 Central Avenue	Roselle, IL	—	*	2,884,492	10,439,793	484,562	2,884,492	10,924,355	13,808,847	96,728	2013	5 - 40
1135 Aviation Place	San Fernando, CA	—		3,035,034	2,844,962	135,218	3,035,034	2,980,180	6,015,214	22,470	2013	5 - 40
8715 Bollman Place	Savage, MD	—		1,263,237	2,633,210	99,509	1,263,237	2,732,719	3,995,956	21,816	2013	5 - 40
8501 East Raintree Drive	Scottsdale, AZ	—		4,076,412	—	27,621,159	4,115,137	27,582,434	31,697,571	7,042,077	2005	5 - 40
1150 Gateway Drive	Shakopee, MN	—		1,126,865	5,684,178	—	1,126,865	5,684,178	6,811,043	164,890	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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
5555 12th Avenue East	Shakopee, MN	—		887,285	5,321,200	6,820	887,285	5,328,020	6,215,305	163,463	2012	5 - 40
1210 Champion Way	Sharonville, OH	—		1,337,271	6,135,118	489,270	1,337,271	6,624,389	7,961,660	112,936	2013	5 - 40
3990 Heritage Oak Court	Simi Valley, CA	—	*	1,964,140	10,667,267	345,689	1,964,140	11,012,956	12,977,096	79,863	2013	5 - 40
3654-3668 Swenson Avenue	St. Charles, IL	—		643,639	1,645,058	100,470	643,639	1,745,528	2,389,167	17,590	2013	5 - 40
3701 Illinois Ave	St. Charles, IL	—		672,500	1,288,924	117,765	672,500	1,406,689	2,079,189	14,779	2013	5 - 40
3950-3980 Swenson Avenue	St. Charles, IL	—		851,080	3,027,753	149,571	851,080	3,177,324	4,028,404	27,743	2013	5 - 40
1501 102nd Avenue North	St. Petersburg, FL	—	*	283,474	2,230,868	96,546	283,474	2,327,413	2,610,887	18,314	2013	5 - 40
1527 102nd Avenue North	St. Petersburg, FL	—	*	374,284	2,987,226	128,152	374,284	3,115,378	3,489,662	24,452	2013	5 - 40
1551 102nd Avenue North	St. Petersburg, FL	—	*	699,797	5,214,438	254,949	699,797	5,469,387	6,169,184	64,802	2013	5 - 40
6900 Harbour View Boulevard	Suffolk, VA	—		904,052	—	8,652,438	807,006	8,749,484	9,556,490	1,719,372	2006	5 - 40
6920 Harbour View Boulevard	Suffolk, VA	—		603,391	—	6,707,341	2,628,635	4,682,097	7,310,732	218,907	2005	5 - 40
6950 Harbour View Blvd	Suffolk, VA	—		929,844	—	6,485,717	794,848	6,620,713	7,415,561	1,337,252	2004	5 - 40
1516 Fryar Avenue	Sumner, WA	—		1,675,402	5,079,543	301,095	1,675,402	5,380,638	7,056,040	54,920	2013	5 - 40
1301 International Parkway	Sunrise, FL	—		5,100,162	24,219,956	7,381,868	5,100,791	31,601,195	36,701,986	5,568,038	2006	5 - 40
13621 NW 12th Street	Sunrise, FL	—		5,570,820	9,454,900	2,690,353	5,570,820	12,145,253	17,716,073	3,055,333	2008	5 - 40
13630 NW 8th Street	Sunrise, FL	—		659,797	2,596,275	540,787	659,825	3,137,033	3,796,858	1,145,342	1991	5 - 40
13650 NW 8th Street	Sunrise, FL	—		558,223	2,171,930	214,395	558,251	2,386,297	2,944,548	918,225	1991	5 - 40
100 Dartmouth Drive	Swedesboro, NJ	—		909,723	11,453,198	138,839	909,723	11,592,037	12,501,760	102,087	2013	5 - 40
100 Gloucester Court	Swedesboro, NJ	—		829,732	8,758,904	262,213	829,732	9,021,118	9,850,850	81,346	2013	5 - 40
111 Kelsey Lane	Tampa, FL	—		359,540	1,461,850	1,266,152	359,540	2,728,002	3,087,542	899,662	1990	5 - 40
131 Kelsey Lane	Tampa, FL	—		511,463	—	4,437,886	559,527	4,389,822	4,949,349	2,452,150	1,985	5 - 40
150-182 Kelsey Lane	Tampa, FL	—		403,541	—	5,260,899	1,181,609	4,482,831	5,664,440	625,275	2,006	5 - 40
200-34 Kelsey Lane	Tampa, FL	—		330,097	—	3,314,788	933,362	2,711,523	3,644,885	564,239	2,005	5 - 40
3102,3104,3110 Cherry Palm Drive	Tampa, FL	—		503,767	2,787,585	1,301,589	503,767	4,089,174	4,592,941	1,818,822	1,986	5 - 40
3401-3409 Cragmont Drive	Tampa, FL	—		556,952	3,849,236	5,141	556,952	3,854,377	4,411,329	104,522	2,012	5 - 40
3502 Roga Boulevard	Tampa, FL	—		201,600	1,263,131	21,392	201,600	1,284,523	1,486,123	35,575	2,012	5 - 40
3505 Cragmont Drive	Tampa, FL	—		936,336	7,155,520	1,313	936,336	7,156,833	8,093,169	212,052	2,012	5 - 40
3608 Queen Palm Drive	Tampa, FL	—		650,384	4,764,301	32,287	650,384	4,796,588	5,446,972	139,360	2,012	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
			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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
4502 Woodland Corporate Boulevard	Tampa, FL	—	1,035,422	—	3,472,386		1,071,535	3,436,273	4,507,808	1,216,693	1999	5 - 40
4503 Woodland Corporate Boulevard	Tampa, FL	—	619,913	—	2,876,500		619,913	2,876,500	3,496,413	973,291	2002	5 - 40
4505 Woodland Corporate Boulevard	Tampa, FL	—	516,594	—	2,443,438		716,594	2,243,438	2,960,032	789,237	2002	5 - 40
4508 Woodland Corporate Boulevard	Tampa, FL	—	498,598	—	3,087,970		556,887	3,029,681	3,586,568	1,127,131	2000	5 - 40
4511 Woodland Corporate Boulevard	Tampa, FL	—	516,594	—	2,311,508		686,594	2,141,508	2,828,102	642,253	2002	5 - 40
4520 Seedling Circle	Tampa, FL	—	854,797	42,131	2,724,029		854,797	2,766,160	3,620,957	669,577	2003	5 - 40
4630 Woodland Corporate Boulevard	Tampa, FL	—	943,169	—	14,042,129		1,560,099	13,425,199	14,985,298	4,914,641	2000	5 - 40
4631 Woodland Corporate Blvd	Tampa, FL	—	1,453,367	—	13,375,916		1,908,792	12,920,491	14,829,283	1,715,755	2006	5 - 40
501 US Highway 301 South	Tampa, FL	—	898,884	—	3,412,262		900,508	3,410,638	4,311,146	1,040,719	2004	5 - 40
5250 Eagle Trail Drive	Tampa, FL	—	952,860	—	3,464,999		952,860	3,464,999	4,417,859	1,322,152	1998	5 - 40
5501-5519 Pioneer Park Boulevard	Tampa, FL	—	162,000	1,613,000	963,054		262,416	2,475,638	2,738,054	1,097,196	1981	5 - 40
5690-5694 Crenshaw Street	Tampa, FL	—	181,923	1,812,496	784,786		181,923	2,597,282	2,779,205	1,019,089	1979	5 - 40
701-725 South US Hwy 301	Tampa, FL	—	419,683	—	3,418,844		661,680	3,176,847	3,838,527	1,261,568	2000	5 - 40
7621 Bald Cypress Place (Bldg N)	Tampa, FL	—	716,580	132,773	604,699		447,498	1,006,554	1,454,052	260,020	2001	5 - 40
7724 Woodland Center Boulevard	Tampa, FL	—	235,893	—	2,244,863		235,894	2,244,862	2,480,756	784,825	1998	5 - 40
7725 Woodland Center Boulevard	Tampa, FL	—	553,335	—	3,396,664		771,501	3,178,498	3,949,999	1,177,442	1999	5 - 40
7802-50 Woodland Center Boulevard	Tampa, FL	—	357,364	—	2,948,109		506,949	2,798,524	3,305,473	899,310	1999	5 - 40
7851-7861 Woodland Center Blvd	Tampa, FL	—	548,905	2,241,627	204,199		548,905	2,445,826	2,994,731	520,111	2006	5 - 40
7852-98 Woodland Center Boulevard	Tampa, FL	—	357,364	—	2,662,010		506,949	2,512,425	3,019,374	931,414	1999	5 - 40
7920 Woodland Center Boulevard	Tampa, FL	—	1,082,648	2,445,444	434,554		1,082,648	2,879,998	3,962,646	1,050,378	1997	5 - 40
7930, 8010-20 Woodland Center Boulevard	Tampa, FL	—	1,408,478	5,247,246	1,166,149		1,408,478	6,413,395	7,821,873	2,782,366	1990	5 - 40
8001 Woodland Center Boulevard	Tampa, FL	—	350,406	—	2,295,752		438,061	2,208,097	2,646,158	796,181	1999	5 - 40
8110 Anderson Road	Tampa, FL	—	912,663	5,425,143	70,834		912,663	5,495,977	6,408,640	177,417	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	1,782,213	1995	5 - 40
8130 Anderson Road	Tampa, FL	—	655,668	4,132,076	26,203		655,668	4,158,279	4,813,947	133,968	2012	5 - 40
8154-8198 Woodland Center Boulevard	Tampa, FL	—	399,088	2,868,834	1,074,969		399,088	3,943,803	4,342,891	1,561,150	1988	5 - 40
8212 Woodland Center Boulevard	Tampa, FL	—	820,882	2,322,720	37,907		820,882	2,360,627	3,181,509	983,441	1996	5 - 40
8401-8408 Benjamin Road	Tampa, FL	—	789,651	4,454,648	325,682		611,626	4,958,355	5,569,981	2,434,848	1986	5 - 40
8705 Henderson Road	Tampa, FL	—	4,303,870	23,688,409	(15,944	)	4,304,102	23,672,234	27,976,336	5,416,432	2006	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
				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 12/31/2013	Accumulated Depreciation 12/31/2013	Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
8715 Henderson Road	Tampa, FL	—		3,343,910	18,325,599	323,223		3,344,090	18,648,642	21,992,732	4,784,886	2006	5 - 40
8725 Henderson Road	Tampa, FL	—		3,167,787	19,126,318	342,145		3,167,958	19,468,292	22,636,250	4,944,543	2006	5 - 40
8735 Henderson Road	Tampa, FL	—		3,166,130	18,735,573	1,276,725		3,166,300	20,012,128	23,178,428	4,997,971	2006	5 - 40
8745 Henderson Road	Tampa, FL	—		2,050,439	11,173,008	(44,065	)	2,050,548	11,128,834	13,179,382	1,936,630	2006	5 - 40
8900-34 Brittany Was	Tampa, FL	—		537,194	—	3,664,883		978,019	3,224,058	4,202,077	871,357	2005	5 - 40
8921 Brittany Way	Tampa, FL	—		224,369	1,063,882	868,340		254,493	1,902,098	2,156,591	729,000	1998	5 - 40
9001-9015 Brittany Way	Tampa, FL	—		209,841	—	1,806,688		364,514	1,652,015	2,016,529	670,629	2000	5 - 40
9002-9036 Brittany Way	Tampa, FL	—		492,320	—	3,785,603		899,284	3,378,639	4,277,923	1,255,220	2004	5 - 40
901-933 US Highway 301 South	Tampa, FL	—		500,391	—	4,162,685		840,314	3,822,762	4,663,076	1,522,409	2001	5 - 40
9020 King Palm Drive	Tampa, FL	—		1,718,496	11,697,381	133,305		1,718,496	11,830,686	13,549,182	348,543	2012	5 - 40
910-926 Chad Lane	Tampa, FL	—		201,771	—	3,214,583		628,237	2,788,117	3,416,354	975,719	2006	5 - 40
9110 King Palm Drive	Tampa, FL	—		1,203,200	7,979,540	64,475		1,203,200	8,044,015	9,247,215	252,514	2012	5 - 40
9203 King Palm Drive	Tampa, FL	—		754,832	4,966,864	92,249		754,832	5,059,113	5,813,945	211,377	2012	5 - 40
9306-24 East Broadway Avenue	Tampa, FL	—		450,440	—	3,303,369		486,004	3,267,805	3,753,809	479,734	2007	5 - 40
9319 Peach Palm Drive	Tampa, FL	—		612,536	4,168,473	9,700		612,536	4,178,173	4,790,709	115,323	2012	5 - 40
9704 Solar Drive	Tampa, FL	—		374,548	1,354,800	126,348		374,548	1,481,148	1,855,696	37,252	2012	5 - 40
9945 Currie Davis Drive	Tampa, FL	—		1,134,286	9,241,807	380,833		1,134,286	9,622,639	10,756,925	75,495	2013	5 - 40
1858 E Encanto Dr	Tempe, AZ	—	*	877,611	4,485,427	190,934		877,611	4,676,361	5,553,972	40,311	2013	5 - 40
475 W Vaughn St	Tempe, AZ	—		1,112,245	2,260,348	134,556		1,112,245	2,394,904	3,507,149	23,366	2013	5 - 40
921 South Park Lane	Tempe, AZ	—		1,192,820	1,580,155	477,881		1,192,820	2,058,037	3,250,857	129,894	2011	5 - 40
8313 West Pierce Street	Tolleson, AZ	—		2,295,090	9,079,811	3,224,097		2,295,090	12,303,908	14,598,998	2,702,937	2007	5 - 40
8591 West Washington Street	Tolleson, AZ	—		1,574,912	7,308,021	274,301		1,574,912	7,582,322	9,157,234	347,237	2012	5 - 40
8601 West Washington Street	Tolleson, AZ	—		1,524,603	6,352,070	493,296		1,524,603	6,845,366	8,369,969	350,898	2012	5 - 40
5111 S Royal Atlanta Drive	Tucker, GA	—	*	435,776	1,875,685	214,242		435,776	2,089,928	2,525,704	23,119	2013	5 - 40
5151 S Royal Atlanta Drive	Tucker, GA	—	*	345,061	1,428,840	178,941		345,061	1,607,781	1,952,842	19,469	2013	5 - 40
1457 Miller Store Road	Virginia Beach, VA	—		473,689	2,663,045	413,058		474,746	3,075,046	3,549,792	910,738	2003	5 - 40
200 Golden Oak Court	Virginia Beach, VA	—		1,116,693	6,770,480	2,106,737		1,116,693	8,877,217	9,993,910	3,538,776	1988	5 - 40
208 Golden Oak Court	Virginia Beach, VA	—		965,177	6,728,717	1,870,956		965,177	8,599,673	9,564,850	3,552,417	1989	5 - 40

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
					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 12/31/2013		Accumulated Depreciation 12/31/2013		Date of Construction or Acquisition	Depreciable life (years)
OPERATING PROPERTIES
2809 South Lynnhaven Road	Virginia Beach, VA	—			953,590		6,142,742		1,769,833		953,590		7,912,575		8,866,165		3,130,409		1987	5 - 40
484 Viking Drive	Virginia Beach, VA	—			891,753		3,607,890		513,437		891,753		4,121,326		5,013,079		1,655,629		1987	5 - 40
629 Phoenix Drive	Virginia Beach, VA	—			371,694		2,108,097		250,511		371,694		2,358,608		2,730,302		973,996		1996	5 - 40
1100 17th Street NW	Washington, DC	—			16,558,660		32,223,978		954,372		16,558,660		33,178,350		49,737,010		3,041,022		2011	5 - 40
2100 M Street NW	Washington, DC	—			70,000,000		55,123,783		27,462		70,000,000		55,151,245		125,151,245		1,775,617		2013	5 - 40
1200 Liberty Ridge Drive	Wayne, PA	—			6,215,667		—		9,208,335		5,223,660		10,200,342		15,424,002		3,867,751		2001	5 - 40
1500 Liberty Ridge Drive	Wayne, PA	—			8,287,555		—		34,049,515		11,636,499		30,700,571		42,337,070		10,277,630		2002	5 - 40
825 Duportail Road	Wayne, PA	—			5,536,619		16,179,213		5,024,030		5,539,281		21,200,581		26,739,862		7,648,775		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		3,029,672		1988	5 - 40
600 Brandywine Parkway	West Chester, PA	—			664,899		5,352,410		814,645		664,899		6,167,055		6,831,954		2,577,095		1988	5 - 40
1400 Powis Court	West Chicago, IL	—		*	578,314		2,448,562		72,419		578,314		2,520,981		3,099,295		18,384		2013	5 - 40
1 Kings Hill Aveune	West Malling, UK	—			4,288,389		—		10,583,801		4,142,996		10,729,194		14,872,190		2,065,152		2006	5 - 40
42 Kings Hill Avenue	West Malling, UK	—			5,397,739		—		13,460,795		4,497,753		14,360,781		18,858,534		2,390,197		2005	5 - 40
Liberty Square Retail Blocks	West Malling, UK	—			559,590		5,113,902		3,984,564		1,191,419		8,466,637		9,658,056		1,790,561		2006	5 - 40
1400 Northpoint Parkway	West Palm Beach, FL	—		*	2,454,972		5,312,829		276,502		2,454,972		5,589,331		8,044,303		54,818		2013	5 - 40
300 Northpoint Parkway	West Palm Beach, FL	—		*	1,177,064		2,102,451		125,706		1,177,064		2,228,157		3,405,221		20,749		2013	5 - 40
400 Northpoint Parkway	West Palm Beach, FL	—		*	1,029,595		1,728,187		109,374		1,029,595		1,837,561		2,867,156		15,908		2013	5 - 40
2935 West Corporate Lakes Blvd	Weston, FL	—			4,682,521		25,905,126		558,332		4,682,521		26,463,458		31,145,979		179,132		2013	5 - 40
2945 West Corporate Lakes Blvd	Weston, FL	—			2,345,242		13,973,766		273,455		2,345,242		14,247,221		16,592,463		95,264		2013	5 - 40
43-47 Hintz Road	Wheeling, IL	—		*	2,051,093		18,283,480		536,842		2,051,093		18,820,323		20,871,416		134,175		2013	5 - 40
10 Cornell Place	Wilmington, MA	—			598,120		2,142,736		232,897		598,120		2,375,632		2,973,752		26,040		2013	5 - 40
265 Ballardvale Street	Wilmington, MA	—			868,433		4,358,998		324,566		868,433		4,683,564		5,551,997		74,959		2013	5 - 40
Subtotal Operating Real Estate		$	64,974,227		$	1,079,681,038	$	2,829,350,974	$	2,375,181,699	$	1,139,454,639	$	5,144,759,070	$	6,284,213,709	$	1,057,679,601

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
				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 12/31/2013			Accumulated Depreciation 12/31/2013		Date of Construction or Acquisition	Depreciable life (years)
Development Properties
1467 Perryman Road	Aberdeen, MD	$	—	$	12,052,635	$	—	$	16,209,308	$	—	$	28,261,943	$	28,261,943		$	—	2013	N/A
100 Caliber Ridge Drive	Greer, SC	—		555,549		—		5,179,599		—		5,735,148		5,735,148			—		2013	N/A
7460 New Ridge Road	Hanover, MD	—		3,785,446		—		3,050,119		—		6,835,565		6,835,565			—		2013	N/A
7462 New Ridge Road	Hanover, MD	—		4,059,337		—		2,784,516		—		6,843,853		6,843,853			—		2013	N/A
1050 Greens Parkway	Houston, TX	—		973,482		—		2,634,974		—		3,608,456		3,608,456			—		2013	N/A
11220 Ella Boulevard	Houston, TX	—		1,505,855		—		6,103,964		—		7,609,819		7,609,819			—		2013	N/A
14300 Hollister Road	Houston, TX	—		1,377,193		—		5,204,006		—		6,581,199		6,581,199			—		2012	N/A
16330 Central Green Boulevard	Houston, TX	—		1,540,109		—		7,617,017		—		9,157,126		9,157,126			—		2012	N/A
8303 Fallbrook Drive	Houston, TX	—		4,613,370		—		3,282,520		—		7,895,890		7,895,890			—		2013	N/A
425 Old Morehall Road	Malvern, PA	—		3,847,501		—		24,622,365		—		28,469,866		28,469,866			—		2013	N/A
11500 NW 122 Street	Miami, FL	—		1,623,293		—		9,137,691		—		10,760,984		10,760,984		—	—		2013	N/A
201 Rouse Boulevard	Philadelphia, PA	—		243,905		—		3,859,694		—		4,103,599		4,103,599		—	—		2013	N/A
13225 Brockton Lane	Rogers, MN	—		1,048,093		—		4,636,867		—		5,684,960		5,684,960		—	—		2013	N/A
13320 Wilfred Lane	Rogers, MN	—		508,532		—		10,975,170		—		11,483,702		11,483,702		—	—		2012	N/A
9300 Old Scotland Road	Shippensburg, PA	—		10,232,633		—		50,083,929		—		60,316,562		60,316,562		—	—		2013	N/A
1850 W Rio Salado Parkway	Tempe, AZ	—		3,975,600		—		1,862,428		—		5,838,028		5,838,028		—	—		2013	N/A
Subtotal Development in Progress		$	—	$	51,942,533	$	—	$	157,244,167	$	—	$	209,186,700	$	209,186,700		$	—

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
				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 12/31/2013		Accumulated Depreciation 12/31/2013		Date of Construction or Acquisition	Depreciable life (years)
LAND HELD FOR DEVELOPMENT
4551 New York Avenue Land	Arlington, TX	$	—	$	4,754,659	$	—	$	(17,253	)	$	4,737,406	$	—	$	4,737,406	$	—	2013	N/A
LVIP Area VII-Lots 3, 4, 5 Land	Bethlehem, PA	—		6,058,664		—		2,832,704			8,891,368		—		8,891,368		—		2012	N/A
Mill Creek Road Land	Bethlehem, PA	—		18,548,585		—		1,256,223			19,804,808		—		19,804,808		—		2012	N/A
Boca Colannade Yamato Road	Boca Raton, FL	—		2,039,735		—		556,668			2,596,403		—		2,596,403		—		1998	N/A
12912 Virkler Drive Land	Charlotte, NC	—		208,646		—		14,743			223,389		—		223,389		—		2010	N/A
Charlotte Distribution Center Land-Lot 1	Charlotte, NC	—		654,713		—		(2,376		)	652,337		—		652,337		—		2011	N/A
Amberpoint Business Park Land	Dallas, TX	—		2,040,233		—		41,457			2,081,690		—		2,081,690		—		2012	N/A
Flying Cloud Drive Land	Eden Pairie, MN	—		2,051,631		—		17,695			2,069,326		—		2,069,326		—		2007	N/A
Camelback 303 Business Center Land	Goodyear, AZ	—		16,857,556		—		3,164,682			20,022,238		—		20,022,238		—		2007	N/A
Pleasant Ridge Road Land	Greensboro, NC	—		564,535		—		2,887,177			3,451,712		—		3,451,712		—		2006	N/A
Caliber Ridge Ind. Park Land	Greer, SC	—		1,811,803		—		2,639,848			4,451,651		—		4,451,651		—		2007	N/A
Hunters Green Land	Hagerstown, MD	—		5,489,586		—		8,581,024			14,070,610		—		14,070,610		—		2006	N/A
Lakefront Plaza II Land	Hampton, VA	—		138,101		—		100,289			238,390		—		238,390		—		2001	N/A
Ridge Road & Hanover Road Land	Hanover, MD	—		3,875,203		—		71,152			3,946,355		—		3,946,355		—		2012	N/A
Ridge Road Land	Hanover, MD	—		3,371,183		—		438,536			3,809,719		—		3,809,719		—		2008	N/A
Piedmond Centre Land	High Point, NC	—		913,276		—		907,686			1,820,962		—		1,820,962		—		2006	N/A
Commonwealth Corporate Center Land	Horsham, PA	—		3,043,938		—		14,024			3,057,962		—		3,057,962		—		2005	N/A
Interwood Land	Houston, TX	—		5,160,668		—		(4,131		)	5,156,537		—		5,156,537		—		2012	N/A
Rankin Road Land	Houston, TX	—		5,756,865		—		252,866			6,009,731		—		6,009,731		—		2007	N/A
Taub Beltway 8 Land	Houston, TX	—		9,511,795		—		49,341			9,561,136		—		9,561,136		—		2012	N/A
Kent County, UK	Kent, UK	—		—		—		—			2,579,128		—		2,579,128				2012	N/A
Commodore Business Park	Logan, NJ	—		792,118		—		1,061,915			1,854,033		—		1,854,033		—		1995	N/A
Spring Creek Land	Lower Macungie Twp, PA	—		25,615,668		—		168,389			25,784,057		—		25,784,057		—		2013	N/A
380 Old Morehall Road	Malvern, PA	—		1,344,809		—		(4,880		)	1,339,929		—		1,339,929		—		2012	N/A
Quarry Ridge Land	Malvern, PA	—		675,499		—		—			675,499		—		675,499		—		2001	N/A
Miami International Tradeport Land	Medley, FL	—		16,739,632		—		7,848,096			24,587,728		—		24,587,728		—		2011	N/A
Monarch Towne Center Land	Mirarar, FL	—		6,085,337		—		390,343			6,475,680		—		6,475,680		—		2006	N/A

LIBERTY PROPERTY TRUST AND LIBERTY PROPERTY LIMITED PARTNERSHIP
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
AS OF DECEMBER 31, 2013
				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 12/31/2013		Accumulated Depreciation 12/31/2013		Date of Construction or Acquisition	Depreciable life (years)
LAND HELD FOR DEVELOPMENT
557 Nazareth Pike Land	Nazareth, PA	—		4,667,646		—		38,720			4,706,366		—		4,706,366		—		2013	N/A
South 27th Street Land	Oak Creek, WI	—		2,169,232		—		2,066,217			4,235,449		—		4,235,449		—		2006	N/A
Beachline Industrial Park Land	Orlando, FL	—		365,230		—		(1,325		)	363,905		—		363,905		—		2006	N/A
26th Street North Land	Philadelphia, PA	—		90,774		—		1,047,441			1,138,215		—		1,138,215		—		2009	N/A
Buckeye Logistics Center West Land	Phoenix, AZ	—		11,203,594		—		(34,100		)	11,169,494		—		11,169,494		—		2013	N/A
Cotton Center Land	Phoenix, AZ	—		8,238,461		—		(29,895		)	8,208,566		—		8,208,566		—		2007	N/A
Eastport IX	Richmond, VA	—		211,627		—		2,545			214,172		—		214,172		—		1997	N/A
Eastport VIII	Richmond, VA	—		382,698		—		1,925			384,623		—		384,623		—		1997	N/A
Woodlands Center Land	Sandston, VA	—		148,314		—		21,100			169,414		—		169,414		—		1996	N/A
Northsight Land	Scottsdale, AZ	—		6,176,464		—		2,174,185			8,350,649		—		8,350,649		—		2005	N/A
Suffolk Land	Suffolk, VA	—		2,715,714		—		767,883			3,483,597		—		3,483,597		—		2006	N/A
6119 W. Linebaugh Avenue	Tampa, FL	—		180,136		—		29,735			209,871		—		209,871		—		2000	N/A
Legacy Park Land	Tampa, FL	—		3,289,423		—		4,975,350			8,264,773		—		8,264,773		—		2006	N/A
Renaissance Park Land	Tampa, FL	—		1,995,375		—		211,062			2,206,437		—		2,206,437		—		2007	N/A
Subtotal Land Held for Development		$	—	$	185,939,126	$	—	$	44,537,061		$	233,055,315	$	—	$	233,055,315	$	—
Total All Properties		$64,974,227		$1,317,562,696		$2,829,350,974		$2,576,962,929			$1,372,509,954		$5,353,945,770		$6,726,455,724		$1,057,679,601

* Denotes property is collateralized under mortgages with Allianz, John Hancock, LaSalle Bank, Aviva, New York Life and Wells Fargo totaling $475.8 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,
	2013			2012			2011
REAL ESTATE:
Balance at beginning of year	$	5,389,166		$	4,887,560		$	4,518,560
Additions	1,891,117			505,643			418,712
Disposition of property	(553,828		)	(4,037		)	(49,712		)
Balance at end of year	$	6,726,455		$	5,389,166		$	4,887,560
ACCUMULATED DEPRECIATION:
Balance at beginning of year	$	1,072,859		$	958,652		$	845,305
Depreciation expense	162,546			140,570			144,284
Disposition of property	(177,725		)	(26,363		)	(30,937		)
Balance at end of year	$	1,057,680		$	1,072,859		$	958,652