Real Estate and Accumulated Depreciation Disclosure |
SCHEDULE III
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Initial Cost (b) |
|
Net Improvements (Retirement) since Acquisition |
|
Gross Amounts at Which Carried at December 31, 2011 |
|
Accumulated Depreciation at December 31, 2011 |
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Properties |
|
Location |
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Land |
|
Buildings and Improvements |
|
Land |
|
Buildings and Improvements |
|
Total (c) |
|
Year of Construction |
|
Date of Acquisition |
|
Net
Rentable
Square
Feet (e)
|
|
Units |
|
Depreciation Life (d) |
Multifamily Properties |
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3801 Connecticut Avenue (a) |
|
Washington, DC |
|
$ |
420,000 |
|
|
$ |
2,678,000 |
|
|
$ |
7,999,000 |
|
|
$ |
420,000 |
|
|
$ |
10,677,000 |
|
|
$ |
11,097,000 |
|
|
$ |
8,145,000 |
|
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1951 |
|
Jan 1963 |
|
179,000 |
|
|
308 |
|
|
30 Years |
Roosevelt Towers |
|
Virginia |
|
$ |
336,000 |
|
|
$ |
1,996,000 |
|
|
$ |
8,932,000 |
|
|
$ |
336,000 |
|
|
$ |
10,928,000 |
|
|
$ |
11,264,000 |
|
|
$ |
6,759,000 |
|
|
1964 |
|
May 1965 |
|
170,000 |
|
|
191 |
|
|
40 Years |
Country Club Towers |
|
Virginia |
|
$ |
299,000 |
|
|
$ |
2,562,000 |
|
|
$ |
13,532,000 |
|
|
$ |
299,000 |
|
|
$ |
16,094,000 |
|
|
$ |
16,393,000 |
|
|
$ |
8,763,000 |
|
|
1965 |
|
Jul 1969 |
|
159,000 |
|
|
227 |
|
|
35 Years |
Park Adams |
|
Virginia |
|
$ |
287,000 |
|
|
$ |
1,654,000 |
|
|
$ |
8,568,000 |
|
|
$ |
287,000 |
|
|
$ |
10,222,000 |
|
|
$ |
10,509,000 |
|
|
$ |
6,902,000 |
|
|
1959 |
|
Jan 1969 |
|
173,000 |
|
|
200 |
|
|
35 Years |
Munson Hill Towers |
|
Virginia |
|
$ |
322,000 |
|
|
$ |
3,337,000 |
|
|
$ |
14,496,000 |
|
|
$ |
322,000 |
|
|
$ |
17,833,000 |
|
|
$ |
18,155,000 |
|
|
$ |
11,855,000 |
|
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1963 |
|
Jan 1970 |
|
258,000 |
|
|
279 |
|
|
33 Years |
The Ashby at McLean |
|
Virginia |
|
$ |
4,356,000 |
|
|
$ |
17,102,000 |
|
|
$ |
13,414,000 |
|
|
$ |
4,356,000 |
|
|
$ |
30,516,000 |
|
|
$ |
34,872,000 |
|
|
$ |
16,628,000 |
|
|
1982 |
|
Aug 1996 |
|
274,000 |
|
|
256 |
|
|
30 Years |
Walker House Apartments (a) |
|
Maryland |
|
$ |
2,851,000 |
|
|
$ |
7,946,000 |
|
|
$ |
6,424,000 |
|
|
$ |
2,851,000 |
|
|
$ |
14,370,000 |
|
|
$ |
17,221,000 |
|
|
$ |
7,892,000 |
|
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1971/03 |
|
Mar 1996 |
|
158,000 |
|
|
212 |
|
|
30 Years |
Bethesda Hill Apartments (a) |
|
Maryland |
|
$ |
3,900,000 |
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|
$ |
13,412,000 |
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$ |
11,726,000 |
|
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$ |
3,900,000 |
|
|
$ |
25,138,000 |
|
|
$ |
29,038,000 |
|
|
$ |
12,413,000 |
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1986 |
|
Nov 1997 |
|
226,000 |
|
|
195 |
|
|
30 Years |
Bennett Park |
|
Virginia |
|
$ |
2,861,000 |
|
|
$ |
917,000 |
|
|
$ |
78,969,000 |
|
|
$ |
4,774,000 |
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$ |
77,973,000 |
|
|
$ |
82,747,000 |
|
|
$ |
16,432,000 |
|
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2007 |
|
Feb 2001 |
|
214,000 |
|
|
224 |
|
|
28 Years |
The Clayborne |
|
Virginia |
|
$ |
269,000 |
|
|
$ |
— |
|
|
$ |
30,376,000 |
|
|
$ |
699,000 |
|
|
$ |
29,946,000 |
|
|
$ |
30,645,000 |
|
|
$ |
7,288,000 |
|
|
2008 |
|
Jun 2003 |
|
60,000 |
|
|
74 |
|
|
26 Years |
The Kenmore (a) |
|
Washington, DC |
|
$ |
28,222,000 |
|
|
$ |
33,955,000 |
|
|
$ |
839,000 |
|
|
$ |
28,222,000 |
|
|
$ |
34,794,000 |
|
|
$ |
63,016,000 |
|
|
$ |
4,431,000 |
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1948 |
|
Sep 2008 |
|
268,000 |
|
|
374 |
|
|
30 Years |
650 N. Glebe Rd (g) |
|
Virginia |
|
$ |
12,787,000 |
|
|
$ |
— |
|
|
$ |
619,000 |
|
|
$ |
13,406,000 |
|
|
$ |
— |
|
|
$ |
13,406,000 |
|
|
$ |
— |
|
|
N/A |
|
Jun 2011 |
|
— |
|
|
— |
|
|
N/A |
1219 First Street (g) |
|
Virginia |
|
$ |
14,046,000 |
|
|
$ |
— |
|
|
$ |
350,000 |
|
|
$ |
14,396,000 |
|
|
$ |
— |
|
|
$ |
14,396,000 |
|
|
$ |
— |
|
|
N/A |
|
Nov 2011 |
|
— |
|
|
— |
|
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N/A |
|
|
|
|
$ |
70,956,000 |
|
|
$ |
85,559,000 |
|
|
$ |
196,244,000 |
|
|
$ |
74,268,000 |
|
|
$ |
278,491,000 |
|
|
$ |
352,759,000 |
|
|
$ |
107,508,000 |
|
|
|
|
|
|
2,139,000 |
|
|
2,540 |
|
|
|
Office Buildings |
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1901 Pennsylvania Avenue |
|
Washington, DC |
|
$ |
892,000 |
|
|
$ |
3,481,000 |
|
|
$ |
13,985,000 |
|
|
$ |
892,000 |
|
|
$ |
17,466,000 |
|
|
$ |
18,358,000 |
|
|
$ |
12,918,000 |
|
|
1960 |
|
May 1977 |
|
98,000 |
|
|
|
|
28 Years |
51 Monroe Street |
|
Maryland |
|
$ |
840,000 |
|
|
$ |
10,869,000 |
|
|
$ |
22,095,000 |
|
|
$ |
840,000 |
|
|
$ |
32,964,000 |
|
|
$ |
33,804,000 |
|
|
$ |
23,326,000 |
|
|
1975 |
|
Aug 1979 |
|
218,000 |
|
|
|
|
41 Years |
515 King Street |
|
Virginia |
|
$ |
4,102,000 |
|
|
$ |
3,931,000 |
|
|
$ |
5,116,000 |
|
|
$ |
4,102,000 |
|
|
$ |
9,047,000 |
|
|
$ |
13,149,000 |
|
|
$ |
4,323,000 |
|
|
1966 |
|
Jul 1992 |
|
73,000 |
|
|
|
|
50 Years |
6110 Executive Boulevard |
|
Maryland |
|
$ |
4,621,000 |
|
|
$ |
11,926,000 |
|
|
$ |
10,447,000 |
|
|
$ |
4,621,000 |
|
|
$ |
22,373,000 |
|
|
$ |
26,994,000 |
|
|
$ |
14,418,000 |
|
|
1971 |
|
Jan 1995 |
|
199,000 |
|
|
|
|
30 Years |
1220 19th Street |
|
Washington, DC |
|
$ |
7,803,000 |
|
|
$ |
11,366,000 |
|
|
$ |
6,650,000 |
|
|
$ |
7,802,000 |
|
|
$ |
18,017,000 |
|
|
$ |
25,819,000 |
|
|
$ |
9,156,000 |
|
|
1976 |
|
Nov 1995 |
|
102,000 |
|
|
|
|
30 Years |
1600 Wilson Boulevard |
|
Virginia |
|
$ |
6,661,000 |
|
|
$ |
16,742,000 |
|
|
$ |
13,632,000 |
|
|
$ |
6,661,000 |
|
|
$ |
30,374,000 |
|
|
$ |
37,035,000 |
|
|
$ |
13,647,000 |
|
|
1973 |
|
Oct 1997 |
|
168,000 |
|
|
|
|
30 Years |
7900 Westpark Drive |
|
Virginia |
|
$ |
12,049,000 |
|
|
$ |
71,825,000 |
|
|
$ |
33,755,000 |
|
|
$ |
12,049,000 |
|
|
$ |
105,580,000 |
|
|
$ |
117,629,000 |
|
|
$ |
51,980,000 |
|
|
1972/'86/'99 |
|
Nov 1997 |
|
533,000 |
|
|
|
|
30 Years |
600 Jefferson Plaza |
|
Maryland |
|
$ |
2,296,000 |
|
|
$ |
12,188,000 |
|
|
$ |
5,307,000 |
|
|
$ |
2,296,000 |
|
|
$ |
17,495,000 |
|
|
$ |
19,791,000 |
|
|
$ |
7,594,000 |
|
|
1985 |
|
May 1999 |
|
113,000 |
|
|
|
|
30 Years |
1700 Research Boulevard |
|
Maryland |
|
$ |
1,847,000 |
|
|
$ |
11,105,000 |
|
|
$ |
3,378,000 |
|
|
$ |
1,847,000 |
|
|
$ |
14,483,000 |
|
|
$ |
16,330,000 |
|
|
$ |
7,129,000 |
|
|
1982 |
|
May 1999 |
|
101,000 |
|
|
|
|
30 Years |
Wayne Plaza |
|
Maryland |
|
$ |
1,564,000 |
|
|
$ |
6,243,000 |
|
|
$ |
7,678,000 |
|
|
$ |
1,564,000 |
|
|
$ |
13,921,000 |
|
|
$ |
15,485,000 |
|
|
$ |
5,853,000 |
|
|
1970 |
|
May 2000 |
|
94,000 |
|
|
|
|
30 Years |
Courthouse Square |
|
Virginia |
|
$ |
— |
|
|
$ |
17,096,000 |
|
|
$ |
4,884,000 |
|
|
$ |
— |
|
|
$ |
21,980,000 |
|
|
$ |
21,980,000 |
|
|
$ |
8,935,000 |
|
|
1979 |
|
Oct 2000 |
|
114,000 |
|
|
|
|
30 Years |
One Central Plaza |
|
Maryland |
|
$ |
5,480,000 |
|
|
$ |
39,107,000 |
|
|
$ |
15,717,000 |
|
|
$ |
5,480,000 |
|
|
$ |
54,824,000 |
|
|
$ |
60,304,000 |
|
|
$ |
21,157,000 |
|
|
1974 |
|
Apr 2001 |
|
267,000 |
|
|
|
|
30 Years |
Atrium Building |
|
Maryland |
|
$ |
3,182,000 |
|
|
$ |
11,281,000 |
|
|
$ |
2,844,000 |
|
|
$ |
3,182,000 |
|
|
$ |
14,125,000 |
|
|
$ |
17,307,000 |
|
|
$ |
5,626,000 |
|
|
1980 |
|
July 2002 |
|
80,000 |
|
|
|
|
30 Years |
1776 G Street |
|
Washington, DC |
|
$ |
31,500,000 |
|
|
$ |
54,327,000 |
|
|
$ |
4,193,000 |
|
|
$ |
31,500,000 |
|
|
$ |
58,520,000 |
|
|
$ |
90,020,000 |
|
|
$ |
18,549,000 |
|
|
1979 |
|
Aug 2003 |
|
262,000 |
|
|
|
|
30 Years |
Dulles Station II (f) |
|
Virginia |
|
$ |
15,001,000 |
|
|
$ |
494,000 |
|
|
$ |
(3,425,000 |
) |
|
$ |
4,130,000 |
|
|
$ |
7,940,000 |
|
|
$ |
12,070,000 |
|
|
$ |
— |
|
|
n/a |
|
Dec 2005 |
|
— |
|
|
|
|
n/a |
West Gude (a) |
|
Maryland |
|
$ |
11,580,000 |
|
|
$ |
43,240,000 |
|
|
$ |
5,817,000 |
|
|
$ |
11,580,000 |
|
|
$ |
49,057,000 |
|
|
$ |
60,637,000 |
|
|
$ |
10,659,000 |
|
|
1984/86/88 |
|
Aug 2006 |
|
275,000 |
|
|
|
|
30 Years |
6565 Arlington Boulevard |
|
Virginia |
|
$ |
5,584,000 |
|
|
$ |
23,195,000 |
|
|
$ |
4,120,000 |
|
|
$ |
5,584,000 |
|
|
$ |
27,315,000 |
|
|
$ |
32,899,000 |
|
|
$ |
6,215,000 |
|
|
1967 |
|
Aug 2006 |
|
130,000 |
|
|
|
|
30 Years |
Monument II |
|
Virginia |
|
$ |
10,244,000 |
|
|
$ |
65,205,000 |
|
|
$ |
3,159,000 |
|
|
$ |
10,244,000 |
|
|
$ |
68,364,000 |
|
|
$ |
78,608,000 |
|
|
$ |
12,801,000 |
|
|
2000 |
|
Mar 2007 |
|
207,000 |
|
|
|
|
30 Years |
Woodholme Center |
|
Maryland |
|
$ |
2,194,000 |
|
|
$ |
16,711,000 |
|
|
$ |
1,807,000 |
|
|
$ |
2,194,000 |
|
|
$ |
18,518,000 |
|
|
$ |
20,712,000 |
|
|
$ |
3,315,000 |
|
|
1989 |
|
Jun 2007 |
|
75,000 |
|
|
|
|
30 Years |
2000 M Street |
|
Washington, DC |
|
$ |
— |
|
|
$ |
61,101,000 |
|
|
$ |
7,731,000 |
|
|
$ |
— |
|
|
$ |
68,832,000 |
|
|
$ |
68,832,000 |
|
|
$ |
10,779,000 |
|
|
1971 |
|
Dec 2007 |
|
239,000 |
|
|
|
|
30 Years |
2445 M Street (a) |
|
Washington, DC |
|
$ |
46,887,000 |
|
|
$ |
106,743,000 |
|
|
$ |
2,002,000 |
|
|
$ |
46,887,000 |
|
|
$ |
108,745,000 |
|
|
$ |
155,632,000 |
|
|
$ |
13,033,000 |
|
|
1986 |
|
Dec 2008 |
|
290,000 |
|
|
|
|
30 Years |
Quantico Building E |
|
Virginia |
|
$ |
4,518,000 |
|
|
$ |
24,801,000 |
|
|
$ |
63,000 |
|
|
$ |
4,518,000 |
|
|
$ |
24,864,000 |
|
|
$ |
29,382,000 |
|
|
$ |
2,234,000 |
|
|
2007 |
|
June 2010 |
|
134,000 |
|
|
|
|
30 Years |
Quantico Building G |
|
Virginia |
|
$ |
4,897,000 |
|
|
$ |
25,376,000 |
|
|
$ |
48,000 |
|
|
$ |
4,897,000 |
|
|
$ |
25,424,000 |
|
|
$ |
30,321,000 |
|
|
$ |
2,373,000 |
|
|
2009 |
|
June 2010 |
|
136,000 |
|
|
|
|
30 Years |
1140 Connecticut Avenue, NW |
|
Washington, DC |
|
$ |
25,226,000 |
|
|
$ |
50,495,000 |
|
|
$ |
2,327,000 |
|
|
$ |
25,226,000 |
|
|
$ |
52,822,000 |
|
|
$ |
78,048,000 |
|
|
$ |
2,188,000 |
|
|
1966 |
|
Jan 2011 |
|
185,000 |
|
|
|
|
30 Years |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Initial Cost (b) |
|
Net Improvements (Retirement) since Acquisition |
|
Gross Amounts at Which Carried at December 31, 2011 |
|
Accumulated
Depreciation
at
December 31,
2011
|
|
|
|
|
|
|
|
|
|
|
Properties |
|
Location |
|
Land |
|
Buildings
and
Improvements
|
|
|
Land |
|
Buildings
and
Improvements
|
|
Total (c) |
|
|
Year of
Construction
|
|
Date of
Acquisition
|
|
Net
Rentable
Square
Feet (e)
|
|
Units |
|
Depreciation
Life (d)
|
1227 25th Street |
|
Washington, DC |
|
$ |
17,505,000 |
|
|
$ |
21,319,000 |
|
|
$ |
467,000 |
|
|
$ |
17,505,000 |
|
|
$ |
21,786,000 |
|
|
$ |
39,291,000 |
|
|
$ |
874,000 |
|
|
1988 |
|
Mar 2011 |
|
132,000 |
|
|
|
|
30 Years |
John Marshall II (a) |
|
Virginia |
|
$ |
13,490,000 |
|
|
$ |
53,024,000 |
|
|
$ |
(41,000 |
) |
|
$ |
13,490,000 |
|
|
$ |
52,983,000 |
|
|
$ |
66,473,000 |
|
|
$ |
646,000 |
|
|
1996 |
|
Sep 2011 |
|
223,000 |
|
|
|
|
30 Years |
Braddock Metro |
|
Virginia |
|
$ |
18,817,000 |
|
|
$ |
71,250,000 |
|
|
$ |
112,000 |
|
|
$ |
18,818,000 |
|
|
$ |
71,361,000 |
|
|
$ |
90,179,000 |
|
|
$ |
1,157,000 |
|
|
1985 |
|
Sep 2011 |
|
345,000 |
|
|
|
|
30 Years |
|
|
|
|
$ |
258,780,000 |
|
|
$ |
844,441,000 |
|
|
$ |
173,868,000 |
|
|
$ |
247,909,000 |
|
|
$ |
1,029,180,000 |
|
|
$ |
1,277,089,000 |
|
|
$ |
270,885,000 |
|
|
|
|
|
|
4,793,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Medical Office |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Woodburn Medical Park I |
|
Virginia |
|
$ |
2,563,000 |
|
|
$ |
12,460,000 |
|
|
$ |
4,198,000 |
|
|
$ |
2,563,000 |
|
|
$ |
16,658,000 |
|
|
$ |
19,221,000 |
|
|
$ |
7,339,000 |
|
|
1984 |
|
Nov 1998 |
|
73,000 |
|
|
|
|
30 Years |
Woodburn Medical Park II |
|
Virginia |
|
$ |
2,632,000 |
|
|
$ |
17,574,000 |
|
|
$ |
3,960,000 |
|
|
$ |
2,632,000 |
|
|
$ |
21,534,000 |
|
|
$ |
24,166,000 |
|
|
$ |
9,290,000 |
|
|
1988 |
|
Nov 1998 |
|
96,000 |
|
|
|
|
30 Years |
8501 Arlington Boulevard (a) |
|
Virginia |
|
$ |
2,071,000 |
|
|
$ |
26,317,000 |
|
|
$ |
914,000 |
|
|
$ |
2,071,000 |
|
|
$ |
27,231,000 |
|
|
$ |
29,302,000 |
|
|
$ |
8,036,000 |
|
|
2000 |
|
Oct 2003 |
|
92,000 |
|
|
|
|
30 Years |
8503 Arlington Boulevard (a) |
|
Virginia |
|
$ |
1,598,000 |
|
|
$ |
25,850,000 |
|
|
$ |
881,000 |
|
|
$ |
1,598,000 |
|
|
$ |
26,731,000 |
|
|
$ |
28,329,000 |
|
|
$ |
7,736,000 |
|
|
2001 |
|
Oct 2003 |
|
89,000 |
|
|
|
|
30 Years |
8505 Arlington Boulevard (a) |
|
Virginia |
|
$ |
2,819,000 |
|
|
$ |
19,680,000 |
|
|
$ |
612,000 |
|
|
$ |
2,819,000 |
|
|
$ |
20,292,000 |
|
|
$ |
23,111,000 |
|
|
$ |
6,065,000 |
|
|
2002 |
|
Oct 2003 |
|
75,000 |
|
|
|
|
30 Years |
Shady Grove Medical II |
|
Maryland |
|
$ |
1,995,000 |
|
|
$ |
16,601,000 |
|
|
$ |
1,361,000 |
|
|
$ |
1,995,000 |
|
|
$ |
17,962,000 |
|
|
$ |
19,957,000 |
|
|
$ |
4,426,000 |
|
|
1999 |
|
Aug 2004 |
|
66,000 |
|
|
|
|
30 Years |
8301 Arlington Boulevard |
|
Virginia |
|
$ |
1,251,000 |
|
|
$ |
6,589,000 |
|
|
$ |
1,460,000 |
|
|
$ |
1,251,000 |
|
|
$ |
8,049,000 |
|
|
$ |
9,300,000 |
|
|
$ |
2,259,000 |
|
|
1965 |
|
Oct 2004 |
|
49,000 |
|
|
|
|
30 Years |
Alexandria Professional Center |
|
Virginia |
|
$ |
6,783,000 |
|
|
$ |
19,676,000 |
|
|
$ |
4,164,000 |
|
|
$ |
6,783,000 |
|
|
$ |
23,840,000 |
|
|
$ |
30,623,000 |
|
|
$ |
4,896,000 |
|
|
1968 |
|
Apr 2006 |
|
114,000 |
|
|
|
|
30 Years |
9707 Medical Center Drive (a) |
|
Maryland |
|
$ |
3,069,000 |
|
|
$ |
11,777,000 |
|
|
$ |
863,000 |
|
|
$ |
3,069,000 |
|
|
$ |
12,640,000 |
|
|
$ |
15,709,000 |
|
|
$ |
2,812,000 |
|
|
1994 |
|
Apr 2006 |
|
38,000 |
|
|
|
|
30 Years |
15001 Shady Grove Road |
|
Maryland |
|
$ |
4,094,000 |
|
|
$ |
16,410,000 |
|
|
$ |
1,650,000 |
|
|
$ |
4,094,000 |
|
|
$ |
18,060,000 |
|
|
$ |
22,154,000 |
|
|
$ |
3,903,000 |
|
|
1999 |
|
Apr 2006 |
|
51,000 |
|
|
|
|
30 Years |
15005 Shady Grove Road (a) |
|
Maryland |
|
$ |
4,186,000 |
|
|
$ |
17,548,000 |
|
|
$ |
331,000 |
|
|
$ |
4,186,000 |
|
|
$ |
17,879,000 |
|
|
$ |
22,065,000 |
|
|
$ |
3,566,000 |
|
|
2002 |
|
Jul 2006 |
|
52,000 |
|
|
|
|
30 Years |
Plumtree Medical Center (a) |
|
Maryland |
|
$ |
1,723,000 |
|
|
$ |
5,749,000 |
|
|
$ |
789,000 |
|
|
$ |
1,723,000 |
|
|
$ |
6,538,000 |
|
|
$ |
8,261,000 |
|
|
$ |
1,474,000 |
|
|
1991 |
|
Jun 2006 |
|
33,000 |
|
|
|
|
30 Years |
2440 M Street |
|
Washington, DC |
|
$ |
12,500,000 |
|
|
$ |
37,321,000 |
|
|
$ |
4,514,000 |
|
|
$ |
12,500,000 |
|
|
$ |
41,835,000 |
|
|
$ |
54,335,000 |
|
|
$ |
8,080,000 |
|
|
1986/06 |
|
Mar 2007 |
|
112,000 |
|
|
|
|
30 Years |
Woodholme Medical Center (a) |
|
Maryland |
|
$ |
3,744,000 |
|
|
$ |
24,587,000 |
|
|
$ |
1,474,000 |
|
|
$ |
3,744,000 |
|
|
$ |
26,061,000 |
|
|
$ |
29,805,000 |
|
|
$ |
4,815,000 |
|
|
1996 |
|
Jun 2007 |
|
123,000 |
|
|
|
|
30 Years |
Ashburn Farm Professional Center (a) |
|
Virginia |
|
$ |
3,770,000 |
|
|
$ |
19,200,000 |
|
|
$ |
1,006,000 |
|
|
$ |
3,770,000 |
|
|
$ |
20,206,000 |
|
|
$ |
23,976,000 |
|
|
$ |
3,570,000 |
|
|
1998/00/02 |
|
Jun 2007 |
|
75,000 |
|
|
|
|
30 Years |
CentreMed I & II |
|
Virginia |
|
$ |
2,062,000 |
|
|
$ |
12,506,000 |
|
|
$ |
489,000 |
|
|
$ |
2,062,000 |
|
|
$ |
12,995,000 |
|
|
$ |
15,057,000 |
|
|
$ |
2,201,000 |
|
|
1998 |
|
Aug 2007 |
|
52,000 |
|
|
|
|
30 Years |
4661 Kenmore Avenue (f) |
|
Virginia |
|
$ |
3,764,000 |
|
|
$ |
— |
|
|
$ |
1,994,000 |
|
|
$ |
5,758,000 |
|
|
$ |
— |
|
|
$ |
5,758,000 |
|
|
$ |
— |
|
|
n/a |
|
Aug 2007 |
|
— |
|
|
|
|
n/a |
Sterling Medical Office |
|
Virginia |
|
$ |
970,000 |
|
|
$ |
5,274,000 |
|
|
$ |
887,000 |
|
|
$ |
970,000 |
|
|
$ |
6,161,000 |
|
|
$ |
7,131,000 |
|
|
$ |
1,128,000 |
|
|
1986 |
|
May 2008 |
|
36,000 |
|
|
|
|
30 Years |
Lansdowne |
|
Virginia |
|
$ |
1,308,000 |
|
|
$ |
18,778,000 |
|
|
$ |
2,205,000 |
|
|
$ |
1,308,000 |
|
|
$ |
20,983,000 |
|
|
$ |
22,291,000 |
|
|
$ |
1,767,000 |
|
|
2009 |
|
Aug 2009 |
|
85,000 |
|
|
|
|
30 Years |
|
|
|
|
$ |
62,902,000 |
|
|
$ |
313,897,000 |
|
|
$ |
33,752,000 |
|
|
$ |
64,896,000 |
|
|
$ |
345,655,000 |
|
|
$ |
410,551,000 |
|
|
$ |
83,363,000 |
|
|
|
|
|
|
1,311,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Initial Cost (b) |
|
Net Improvements (Retirement) since Acquisition |
|
Gross Amounts at Which Carried at December 31, 2011 |
|
Accumulated
Depreciation
at
December 31,
2011
|
|
|
|
|
|
|
|
|
|
|
Properties |
|
Location |
|
Land |
|
Buildings
and
Improvements
|
|
|
Land |
|
Buildings
and
Improvements
|
|
Total (c) |
|
|
Year of
Construction
|
|
Date of
Acquisition
|
|
Net
Rentable
Square
Feet (e)
|
|
Units |
|
Depreciation
Life (d)
|
Retail Centers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Takoma Park |
|
Maryland |
|
$ |
415,000 |
|
|
$ |
1,084,000 |
|
|
$ |
96,000 |
|
|
$ |
415,000 |
|
|
$ |
1,180,000 |
|
|
$ |
1,595,000 |
|
|
$ |
1,146,000 |
|
|
1962 |
|
Jul 1963 |
|
51,000 |
|
|
|
|
50 Years |
Westminster |
|
Maryland |
|
$ |
519,000 |
|
|
$ |
1,775,000 |
|
|
$ |
9,041,000 |
|
|
$ |
519,000 |
|
|
$ |
10,816,000 |
|
|
$ |
11,335,000 |
|
|
$ |
5,801,000 |
|
|
1969 |
|
Sep 1972 |
|
150,000 |
|
|
|
|
37 Years |
Concord Centre |
|
Virginia |
|
$ |
413,000 |
|
|
$ |
850,000 |
|
|
$ |
3,399,000 |
|
|
$ |
413,000 |
|
|
$ |
4,249,000 |
|
|
$ |
4,662,000 |
|
|
$ |
2,822,000 |
|
|
1960 |
|
Dec 1973 |
|
76,000 |
|
|
|
|
33 Years |
Wheaton Park |
|
Maryland |
|
$ |
796,000 |
|
|
$ |
857,000 |
|
|
$ |
4,247,000 |
|
|
$ |
796,000 |
|
|
$ |
5,104,000 |
|
|
$ |
5,900,000 |
|
|
$ |
3,050,000 |
|
|
1967 |
|
Sep 1977 |
|
74,000 |
|
|
|
|
50 Years |
Bradlee |
|
Virginia |
|
$ |
4,152,000 |
|
|
$ |
5,383,000 |
|
|
$ |
8,057,000 |
|
|
$ |
4,152,000 |
|
|
$ |
13,440,000 |
|
|
$ |
17,592,000 |
|
|
$ |
8,796,000 |
|
|
1955 |
|
Dec 1984 |
|
168,000 |
|
|
|
|
40 Years |
Chevy Chase Metro Plaza |
|
Washington, DC |
|
$ |
1,549,000 |
|
|
$ |
4,304,000 |
|
|
$ |
4,811,000 |
|
|
$ |
1,549,000 |
|
|
$ |
9,115,000 |
|
|
$ |
10,664,000 |
|
|
$ |
5,344,000 |
|
|
1975 |
|
Sep 1985 |
|
49,000 |
|
|
|
|
50 Years |
Montgomery Village Center |
|
Maryland |
|
$ |
11,625,000 |
|
|
$ |
9,105,000 |
|
|
$ |
2,953,000 |
|
|
$ |
11,625,000 |
|
|
$ |
12,058,000 |
|
|
$ |
23,683,000 |
|
|
$ |
4,814,000 |
|
|
1969 |
|
Dec 1992 |
|
198,000 |
|
|
|
|
50 Years |
Shoppes of Foxchase |
|
Virginia |
|
$ |
5,838,000 |
|
|
$ |
2,979,000 |
|
|
$ |
13,017,000 |
|
|
$ |
5,838,000 |
|
|
$ |
15,996,000 |
|
|
$ |
21,834,000 |
|
|
$ |
4,239,000 |
|
|
1960 |
|
Jun 1994 |
|
134,000 |
|
|
|
|
50 Years |
Frederick County Square |
|
Maryland |
|
$ |
6,561,000 |
|
|
$ |
6,830,000 |
|
|
$ |
2,781,000 |
|
|
$ |
6,561,000 |
|
|
$ |
9,611,000 |
|
|
$ |
16,172,000 |
|
|
$ |
5,552,000 |
|
|
1973 |
|
Aug 1995 |
|
227,000 |
|
|
|
|
30 Years |
800 S. Washington Street |
|
Virginia |
|
$ |
2,904,000 |
|
|
$ |
5,489,000 |
|
|
$ |
5,965,000 |
|
|
$ |
2,904,000 |
|
|
$ |
11,454,000 |
|
|
$ |
14,358,000 |
|
|
$ |
3,255,000 |
|
|
1951/'55/'59/'90 |
|
Jun 1998 |
|
47,000 |
|
|
|
|
30 Years |
Centre at Hagerstown . |
|
Maryland |
|
$ |
13,029,000 |
|
|
$ |
25,415,000 |
|
|
$ |
1,995,000 |
|
|
$ |
13,029,000 |
|
|
$ |
27,410,000 |
|
|
$ |
40,439,000 |
|
|
$ |
8,800,000 |
|
|
2000 |
|
Jun 2002 |
|
332,000 |
|
|
|
|
30 Years |
Frederick Crossing (a) |
|
Maryland |
|
$ |
12,759,000 |
|
|
$ |
35,477,000 |
|
|
$ |
1,675,000 |
|
|
$ |
12,759,000 |
|
|
$ |
37,152,000 |
|
|
$ |
49,911,000 |
|
|
$ |
8,959,000 |
|
|
1999-2003 |
|
Mar 2005 |
|
295,000 |
|
|
|
|
30 Years |
Randolph Shopping Center |
|
Maryland |
|
$ |
4,928,000 |
|
|
$ |
13,025,000 |
|
|
$ |
625,000 |
|
|
$ |
4,928,000 |
|
|
$ |
13,650,000 |
|
|
$ |
18,578,000 |
|
|
$ |
2,874,000 |
|
|
1972 |
|
May 2006 |
|
82,000 |
|
|
|
|
30 Years |
Montrose Shopping Center |
|
Maryland |
|
$ |
11,612,000 |
|
|
$ |
22,410,000 |
|
|
$ |
2,220,000 |
|
|
$ |
11,612,000 |
|
|
$ |
24,630,000 |
|
|
$ |
36,242,000 |
|
|
$ |
5,080,000 |
|
|
1970 |
|
May 2006 |
|
145,000 |
|
|
|
|
30 Years |
Gateway Overlook |
|
Maryland |
|
$ |
28,816,000 |
|
|
$ |
52,249,000 |
|
|
$ |
290,000 |
|
|
$ |
29,394,000 |
|
|
$ |
51,961,000 |
|
|
$ |
81,355,000 |
|
|
$ |
2,862,000 |
|
|
2007 |
|
Dec 2010 |
|
223,000 |
|
|
|
|
30 Years |
Olney Village Center (a) |
|
Maryland |
|
$ |
15,842,000 |
|
|
$ |
39,133,000 |
|
|
$ |
178,000 |
|
|
$ |
15,842,000 |
|
|
$ |
39,311,000 |
|
|
$ |
55,153,000 |
|
|
$ |
582,000 |
|
|
1979 |
|
Aug 2011 |
|
198,000 |
|
|
|
|
30 Years |
|
|
|
|
$ |
121,758,000 |
|
|
$ |
226,365,000 |
|
|
$ |
61,350,000 |
|
|
$ |
122,336,000 |
|
|
$ |
287,137,000 |
|
|
$ |
409,473,000 |
|
|
$ |
73,976,000 |
|
|
|
|
|
|
2,449,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
$ |
514,396,000 |
|
|
1,470,262,000 |
|
|
$ |
465,214,000 |
|
|
$ |
509,409,000 |
|
|
$ |
1,940,463,000 |
|
|
$ |
2,449,872,000 |
|
|
$ |
535,732,000 |
|
|
|
|
|
|
10,692,000 |
|
|
2,540 |
|
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a) At December 31, 2011, our properties were encumbered by non-recourse mortgage amounts as follows: $35,399,000 on 3801 Connecticut Avenue, $16,531,000 on Walker House, $29,099,000 on Bethesda Hill, $36,097,000 on The Kenmore, $30,761,000 on West Gude Drive,$95,593,000 on 2445 M Street, $53,936,000 on John Marshall II, $42,997,000 on Prosperity Medical Center, $4,780,000 on 9707 Medical Center Drive, $7,974,000 on 15005 Shady Grove Road, $4,419,000 on Plum Tree Medical Center, $19,954,000 on Woodholme Medical Center, $4,597,000 on Ashburn Farm, $21,700,000 on Frederick Crossing, and $23,873,000 on Olney Village Center.
b) The purchase cost of real estate investments has been divided between land and buildings and improvements on the basis of management’s determination of the fair values.
c) At December 31, 2011, total land, buildings and improvements are carried at $2,148,544,000 for federal income tax purposes.
d) The useful life shown is for the main structure. Buildings and improvements are depreciated over various useful lives ranging from 3 to 50 years.
e) Residential properties are presented in gross square feet.
f) As of December 31, 2011, WRIT had land held for development in Herndon, VA (Dulles Station, Phase II). WRIT also held a 0.8 acre parcel of land at 4661 Kenmore for future medical office development. Additionally, WRIT had investments in various smaller development or redevelopment projects. The total land value not yet placed in service of these development projects at December 31, 2011 was $9.4 million. $0.5 million of Dulles Station, Phase II land was placed into service upon the completion of a portion of the parking garage structure.
g) As of December 31, 2011, WRIT had under development via joint venture arrangements, a mid-rise multifamily property in Arlington, Virginia (650 North Glebe) and a high-rise multifamily property in Alexandria, Virginia (1219 First Street). The total land value not yet placed into service of these development projects via joint venture arrangements at December 31, 2011 was $27.8 million.
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