| SCHEDULE III - REAL ESTATE INVESTMENTS |
SCHEDULE III - REAL ESTATE INVESTMENTS
December 31, 2013
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| As of December 31, 2013 |
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| (dollars in thousands) |
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Initial Costs |
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Costs Capitalized Subsequent to Acquisition |
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Gross Carrying Amount |
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Property Location
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Land |
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Buildings and
Improvements |
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Land |
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Buildings and
Improvements |
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Construction
in Progress |
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Land |
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Buildings and
Improvements |
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Construction
in Progress |
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Accumulated
Depreciation
and
Amortization |
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Date of
Acquisition |
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Owned Properties
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Suwanee, Georgia
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$ |
1,395 |
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$ |
29,802 |
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$ |
2,126 |
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$ |
96,684 |
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$ |
3,270 |
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$ |
3,521 |
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$ |
126,486 |
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$ |
3,270 |
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$ |
(34,590 |
) |
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9/1/2005 |
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Atlanta, Georgia
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12,647 |
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35,473 |
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2,750 |
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261,074 |
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32,456 |
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15,397 |
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296,547 |
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32,456 |
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(58,272 |
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10/3/2006 |
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Santa Clara, California*
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— |
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15,838 |
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— |
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70,706 |
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1,249 |
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— |
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86,544 |
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1,249 |
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(19,102 |
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11/1/2007 |
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Richmond, Virginia
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2,000 |
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11,200 |
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180 |
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97,779 |
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67,155 |
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2,180 |
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108,979 |
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67,155 |
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(8,996 |
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3/20/2010 |
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Sacramento, California
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1,481 |
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52,753 |
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— |
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88 |
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4,273 |
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1,481 |
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52,841 |
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4,273 |
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(1,403 |
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12/21/2012 |
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Dallas, Texas
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— |
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5,808 |
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5,808 |
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(5,808 |
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38,501 |
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5,808 |
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— |
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38,501 |
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— |
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2/8/2013 |
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Miami, Florida
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1,777 |
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6,955 |
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— |
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20,598 |
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— |
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1,777 |
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27,553 |
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— |
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(5,662 |
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3/6/2008 |
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Lenexa, Kansas
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400 |
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3,100 |
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37 |
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198 |
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— |
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437 |
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3,298 |
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— |
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(82 |
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6/3/2011 |
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Wichita, Kansas
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— |
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686 |
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— |
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723 |
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— |
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— |
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1,409 |
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— |
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(498 |
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3/31/2005 |
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$ |
19,700 |
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$ |
161,615 |
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$ |
10,901 |
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$ |
542,042 |
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$ |
146,904 |
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$ |
30,601 |
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$ |
703,657 |
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$ |
146,904 |
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$ |
(128,605 |
) |
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Leased Properties
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Jersey City, New Jersey
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— |
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1,985 |
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— |
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21,826 |
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— |
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— |
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23,811 |
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— |
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(8,686 |
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11/1/2006 |
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Overland Park, Kansas
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— |
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— |
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— |
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762 |
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— |
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— |
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762 |
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— |
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(434 |
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— |
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1,985 |
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— |
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22,588 |
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— |
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— |
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24,573 |
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— |
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(9,120 |
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$ |
19,700 |
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$ |
163,600 |
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$ |
10,901 |
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$ |
564,630 |
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$ |
146,904 |
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$ |
30,601 |
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$ |
728,230 |
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$ |
146,904 |
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$ |
(137,725 |
) |
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| * |
Owned facility subject to long-term
ground sublease. |
The following table reconciles the historical cost and accumulated
depreciation for the years ended December 31, 2013, 2012 and
2011.
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Years Ended
December 31, |
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2013 |
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2012 |
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2011 |
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Property
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Balance, beginning of period
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$ |
734,828 |
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$ |
555,586 |
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$ |
432,889 |
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Disposals
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— |
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(794 |
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(463 |
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Additions (acquisitions and improvements)
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170,907 |
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180,036 |
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123,160 |
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Balance, end of period
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$ |
905,735 |
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$ |
734,828 |
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$ |
555,586 |
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Accumulated depreciation
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Balance, beginning of period
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$ |
(102,900 |
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$ |
(74,536 |
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$ |
(52,923 |
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Disposals
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— |
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162 |
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46 |
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Additions (depreciation and amortization expense)
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(34,825 |
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(28,526 |
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(21,659 |
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Balance, end of period
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$ |
(137,725 |
) |
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$ |
(102,900 |
) |
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$ |
(74,536 |
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