Schedule III—Real Estate And Accumulated Depreciation

December 31, 2015

(in thousands)



Column A	Column B		Column C Initial Cost				Column D Cost Capitalized Subsequent To Acquisition					Column E Gross Amount at Which Carried at Close of Period						Column F		Column G	Column H	Column I
Description	Encumbrances		Land		Building & Improvements		Land			Building & Improvements		Land		Building & Improvements		Total		Accumulated Depreciation		Date of Construction	Date Acquired	Life on Which Depreciation is Computed
810 Seventh Avenue(1)	$	—	$	114,077	$	476,386	$	—		$	65,604	$	114,077	$	541,990	$	656,067	$	131,946	1970	1/2007	Various
461 Fifth Avenue(1)	—		—		62,695		—			11,527		—		74,222		74,222		24,449		1988	10/2003	Various
750 Third Avenue(1)	—		51,093		205,972		—			37,283		51,093		243,255		294,348		78,460		1958	7/2004	Various
919 Third Avenue(1)(2)	500,000		223,529		1,033,198		—			24,315		223,529		1,057,513		1,281,042		245,932		1970	1/2007	Various
555 W. 57th Street(1)	—		18,846		78,704		—			50,261		18,846		128,965		147,811		53,036		1971	1/1999	Various
1185 Avenue of the Americas(1)	—		—		728,213		—			36,857		—		765,070		765,070		198,483		1969	1/2007	Various
1350 Avenue of the Americas(1)	—		91,038		380,744		—			32,612		91,038		413,356		504,394		102,335		1966	1/2007	Various
1100 King Street—1-6 International Drive(3)	—		49,392		104,376		2,473			17,612		51,865		121,988		173,853		31,007		1983/1986	1/2007	Various
520 White Plains Road(3)	—		6,324		26,096		—			6,720		6,324		32,816		39,140		8,617		1979	1/2007	Various
115-117 Stevens Avenue(3)	—		5,933		23,826		—			5,797		5,933		29,623		35,556		7,916		1984	1/2007	Various
100 Summit Lake Drive(3)	—		10,526		43,109		—			7,402		10,526		50,511		61,037		13,567		1988	1/2007	Various
200 Summit Lake Drive(3)	—		11,183		47,906		—			8,223		11,183		56,129		67,312		14,714		1990	1/2007	Various
500 Summit Lake Drive(3)	—		9,777		39,048		—			5,456		9,777		44,504		54,281		10,557		1986	1/2007	Various
360 Hamilton Avenue(3)	—		29,497		118,250		—			12,515		29,497		130,765		160,262		31,927		2000	1/2007	Various
7 Landmark Square(4)	—		2,088		7,748		(367		)	84		1,721		7,832		9,553		799		2007	1/2007	Various
680 Washington Boulevard(2)(4)	—		11,696		45,364		—			5,818		11,696		51,182		62,878		12,783		1989	1/2007	Various
750 Washington Boulevard(2)(4)	—		16,916		68,849		—			6,459		16,916		75,308		92,224		17,391		1989	1/2007	Various
1010 Washington Boulevard(4)	—		7,747		30,423		—			5,223		7,747		35,646		43,393		8,732		1988	1/2007	Various
1055 Washington Boulevard(4)	—		13,516		53,228		—			5,297		13,516		58,525		72,041		13,747		1987	6/2007	Various
400 Summit Lake Drive(3)	—		38,889		—		285			1		39,174		1		39,175		1		-	1/2007	N/A
609 Fifth Avenue(1)	—		36,677		145,954		—			8,157		36,677		154,111		190,788		37,473		1925	6/2006	Various
110 East 42nd Street(1)	—		34,000		46,411		—			15,868		34,000		62,279		96,279		12,203		1921	5/2011	Various
304 Park Avenue(1)	—		54,189		75,619		300			8,122		54,489		83,741		138,230		10,341		1930	6/2012	Various
635 Sixth Avenue(1)	—		24,180		37,158		163			49,534		24,343		86,692		111,035		1,462		1902	9/2012	Various
641 Sixth Avenue(1)	—		45,668		67,316		308			1,888		45,976		69,204		115,180		7,308		1902	9/2012	Various
315 West 33rd Street(1)	—		195,834		164,429		—			6,173		195,834		170,602		366,436		10,246		2000-2001	11/2013	Various
16 Court Street(7)	—		19,217		63,210		—			10,854		19,217		74,064		93,281		7,393		1927-1928	4/2013	Various
125 Chubb Way(5)	—		5,884		25,958		—			24,482		5,884		50,440		56,324		7,200		2008	1/2008	Various



Column A	Column B		Column C Initial Cost				Column D Cost Capitalized Subsequent To Acquisition					Column E Gross Amount at Which Carried at Close of Period						Column F		Column G	Column H	Column I
Description	Encumbrances		Land		Building & Improvements		Land		Building & Improvements			Land		Building & Improvements		Total		Accumulated Depreciation		Date of Construction	Date Acquired	Life on Which Depreciation is Computed
Williamsburg(6)(7)	—		3,677		14,708		2,523		(4,550		)	6,200		10,158		16,358		1,343		2010	12/2010	Various
115 Spring Street(1)	—		11,078		44,799		—		247			11,078		45,046		56,124		1,788		1900	7/2014	Various
635 Madison Avenue(1)	—		205,632		15,805		—		—			205,632		15,805		221,437		515		-	9/2014	N/A
125 Park Avenue(1)	—		120,900		189,714		—		55,365			120,900		245,079		365,979		43,887		1923	10/2010	Various
625 Madison Ave(1)	—		—		246,673		—		38,779			—		285,452		285,452		87,625		1956	10/2004	Various
102 Greene Street(1)	—		8,215		26,717		—		277			8,215		26,994		35,209		847		1910	11/2014	Various
711 Third Avenue(1)(6)(8)	—		19,844		42,499		—		38,618			19,844		81,117		100,961		29,741		1955	5/1998	Various
752 Madison Avenue(1)(6)(9)	—		282,415		—		1,871		—			284,286		—		284,286		—		1996/2012	1/2012	N/A
110 Greene Street(1)(10)	—		89,250		165,750		—		324			89,250		166,074		255,324		1,827		1910	7/2015	Various
Other(11)	—		1,130		—		79		4,692			1,209		4,692		5,901		—				Various
	$	500,000	$	1,869,857	$	4,946,855	$	7,635	$	603,896		$	1,877,492	$	5,550,751	$	7,428,243	$	1,267,598

____________________________________________________________________


(1)	Property located in New York, New York.


(2)	We own a 51% interest in this property.


(3)	Property located in Westchester County, New York.


(4)	Property located in Connecticut.


(5)	Property located in New Jersey.


(6)	Property that was transferred in 2015.


(7)	Property located in Brooklyn, New York.


(8)	We own a 50% interest in this property.


(9)	We own a tenancy in common interest in the property.


(10)	We own a 90% interest in this property.


(11)	Other includes tenant improvements, capitalized interest and corporate improvements.

The changes in real estate for the years ended December 31, 2015, 2014 and 2013 are as follows (in thousands):



	2015			2014			2013
				(as adjusted)			(as adjusted)
Balance at beginning of year	$	7,203,216		$	6,670,210		$	6,289,687
Acquisitions	329,996			491,023			479,236
Improvements	93,439			102,530			110,054
Retirements/disposals	(198,408		)	(60,547		)	(208,767		)
Balance at end of year	$	7,428,243		$	7,203,216		$	6,670,210

The aggregate cost of land, buildings and improvements, before depreciation, for Federal income tax purposes at December 31, 2015 was approximately $5.1 billion (unaudited).

The changes in accumulated depreciation, exclusive of amounts relating to equipment, autos, and furniture and fixtures, for the years ended December 31, 2015, 2014 and 2013, are as follows (in thousands):



	2015			2014			2013
				(as adjusted)			(as adjusted)
Balance at beginning of year	$	1,123,412		$	983,273		$	848,077
Depreciation for year	175,039			165,840			160,539
Retirements/disposals	(30,853		)	(25,701		)	(25,343		)
Balance at end of year	$	1,267,598		$	1,123,412		$	983,273