Real Estate Investments And Accumulated Depreciation |
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MACK-CALI REALTY CORPORATION
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REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION
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December 31, 2014
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(dollars in thousands)
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SCHEDULE III
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Gross Amount at Which
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Costs
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Carried at Close of
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Initial Costs
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Capitalized
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Period (a)
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Property
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Year
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Related
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Building and
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Subsequent
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Building and
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Accumulated
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Property Location
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Type
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Built
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Acquired
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Encumbrances
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Land
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Improvements
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to Acquisition
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Land
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Improvements
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Total
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Depreciation (b)
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NEW JERSEY
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Bergen County
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Fort Lee
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One Bridge Plaza
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Office
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1981
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1996
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-
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2,439
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24,462
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7,701
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2,439
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32,163
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34,602
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14,550
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2115 Linwood Avenue
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Office
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1981
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1998
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-
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474
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4,419
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5,870
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474
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10,289
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10,763
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3,629
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Lyndhurst
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210 Clay Avenue
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Office
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1978
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2009
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13,330
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2,300
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11,189
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(9,034)
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781
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3,674
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4,455
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771
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Montvale
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135 Chestnut Ridge Road
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Office
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1981
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1997
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-
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2,587
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10,350
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1,783
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2,588
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12,132
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14,720
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5,104
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Paramus
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15 East Midland Avenue
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Office
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1988
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1997
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12,615
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10,375
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41,497
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2,388
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10,374
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43,886
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54,260
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18,222
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140 East Ridgewood Avenue
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Office
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1981
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1997
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11,887
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7,932
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31,463
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7,012
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7,932
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38,475
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46,407
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16,309
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461 From Road
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Office
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1988
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1997
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-
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13,194
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52,778
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4,233
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13,194
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57,011
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70,205
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22,956
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650 From Road
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Office
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1978
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1997
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22,804
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10,487
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41,949
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7,984
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10,487
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49,933
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60,420
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20,867
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61 South Paramus Road (c)
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Office
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1985
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1997
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22,319
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9,005
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36,018
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7,913
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9,005
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43,931
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52,936
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19,029
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Rochelle Park
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120 West Passaic Street
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Office
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1972
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1997
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-
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1,354
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5,415
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431
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1,357
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5,843
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7,200
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2,424
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365 West Passaic Street
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Office
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1976
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1997
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11,887
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4,148
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16,592
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4,442
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4,148
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21,034
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25,182
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9,216
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395 West Passaic Street
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Office
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1979
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2006
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-
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2,550
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17,131
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437
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2,550
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17,568
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20,118
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3,717
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Upper Saddle River
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1 Lake Street
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Office
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1994
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1997
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40,756
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13,952
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55,812
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(37,797)
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6,268
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25,699
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31,967
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10,336
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10 Mountainview Road
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Office
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1986
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1998
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-
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4,240
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20,485
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4,480
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4,240
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24,965
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29,205
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10,456
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Woodcliff Lake
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400 Chestnut Ridge Road
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Office
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1982
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1997
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-
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4,201
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16,802
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(6,650)
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2,312
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12,041
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14,353
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6,431
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50 Tice Boulevard
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Office
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1984
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1994
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23,289
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4,500
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-
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26,578
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4,500
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26,578
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31,078
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18,326
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300 Tice Boulevard
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Office
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1991
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1996
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-
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5,424
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29,688
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5,970
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5,424
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35,658
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41,082
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15,466
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Burlington County
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Burlington
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3 Terri Lane
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Office/Flex
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1991
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1998
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-
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652
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3,433
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1,537
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658
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4,964
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5,622
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2,110
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5 Terri Lane
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Office/Flex
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1992
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1998
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-
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564
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3,792
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2,444
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569
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6,231
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6,800
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2,784
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Moorestown
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2 Commerce Drive
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Office/Flex
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1986
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1999
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-
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723
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2,893
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544
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723
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3,437
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4,160
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1,351
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101 Commerce Drive
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Office/Flex
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1988
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1998
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-
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422
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3,528
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436
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426
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3,960
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4,386
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1,782
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102 Commerce Drive
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Office/Flex
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1987
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1999
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-
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389
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1,554
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556
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389
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2,110
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2,499
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750
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201 Commerce Drive
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Office/Flex
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1986
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1998
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-
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254
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1,694
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329
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258
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2,019
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2,277
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850
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202 Commerce Drive
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Office/Flex
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1988
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1999
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-
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490
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1,963
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384
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490
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2,347
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2,837
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851
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1 Executive Drive
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Office/Flex
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1989
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1998
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-
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226
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1,453
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739
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228
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2,190
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2,418
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873
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2 Executive Drive
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Office/Flex
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1988
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2000
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-
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801
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3,206
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707
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801
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3,913
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4,714
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1,360
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101 Executive Drive
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Office/Flex
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1990
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1998
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-
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241
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2,262
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807
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244
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3,066
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3,310
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1,332
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102 Executive Drive
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Office/Flex
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1990
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1998
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-
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353
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3,607
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420
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357
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4,023
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4,380
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1,701
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225 Executive Drive
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Office/Flex
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1990
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1998
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-
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323
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2,477
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693
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326
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3,167
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3,493
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1,436
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97 Foster Road
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Office/Flex
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1982
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1998
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-
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208
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1,382
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389
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211
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1,768
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1,979
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823
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1507 Lancer Drive
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Office/Flex
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1995
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1998
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-
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119
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1,106
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209
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120
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1,314
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1,434
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561
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1245 North Church Street
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Office/Flex
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1998
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2001
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-
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691
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2,810
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83
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691
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2,893
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3,584
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997
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1247 North Church Street
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Office/Flex
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1998
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2001
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-
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805
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3,269
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117
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805
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3,386
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4,191
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1,172
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MACK-CALI REALTY CORPORATION
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REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION
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|
|
|
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December 31, 2014
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(dollars in thousands)
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SCHEDULE III
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Gross Amount at Which
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Costs
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Carried at Close of
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|
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Initial Costs
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Capitalized
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Period (a)
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Year
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Related
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Building and
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Subsequent
|
|
Building and
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Accumulated
|
Property Location
|
|
Built
|
Acquired
|
Encumbrances
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Land
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Improvements
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to Acquisition
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Land
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Improvements
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Total
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Depreciation (b)
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1256 North Church Street
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Office/Flex
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1984
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1998
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-
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354
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3,098
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658
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357
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3,753
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4,110
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1,542
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840 North Lenola Road
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Office/Flex
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1995
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1998
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-
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329
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2,366
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246
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333
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2,608
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2,941
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1,206
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844 North Lenola Road
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Office/Flex
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1995
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1998
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-
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239
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1,714
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298
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241
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2,010
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2,251
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881
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915 North Lenola Road
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Office/Flex
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1998
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2000
|
-
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508
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2,034
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273
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508
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2,307
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2,815
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980
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2 Twosome Drive
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Office/Flex
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2000
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2001
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-
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701
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2,807
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64
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701
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2,871
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3,572
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992
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30 Twosome Drive
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Office/Flex
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1997
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1998
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-
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234
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1,954
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408
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236
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2,360
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2,596
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1,156
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31 Twosome Drive
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Office/Flex
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1998
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2001
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-
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815
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3,276
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145
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815
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3,421
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4,236
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1,211
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40 Twosome Drive
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Office/Flex
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1996
|
1998
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-
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297
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2,393
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220
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301
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2,609
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2,910
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1,156
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41 Twosome Drive
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Office/Flex
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1998
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2001
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-
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605
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2,459
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178
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605
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2,637
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3,242
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923
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50 Twosome Drive
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Office/Flex
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1997
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1998
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-
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301
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2,330
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98
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304
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2,425
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2,729
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1,065
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Gloucester County
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West Deptford
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1451 Metropolitan Drive
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Office/Flex
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1996
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1998
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-
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203
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1,189
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74
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206
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1,260
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1,466
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534
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Essex County
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Millburn
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150 J.F. Kennedy Parkway
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Office
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1980
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1997
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-
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12,606
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50,425
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8,846
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12,606
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59,271
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71,877
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24,979
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Roseland
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4 Becker Farm Road
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Office
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1983
|
2009
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39,421
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5,600
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38,285
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(9,054)
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4,271
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30,560
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34,831
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5,854
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5 Becker Farm Road
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Office
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1982
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2009
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13,867
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2,400
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11,885
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(5,626)
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1,492
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7,167
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8,659
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1,128
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6 Becker Farm Road
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Office
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1983
|
2009
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14,226
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2,600
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15,548
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(4,667)
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1,883
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11,598
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13,481
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2,113
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101 Eisenhower Parkway
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Office
|
1980
|
1994
|
-
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228
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-
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21,542
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228
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21,542
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21,770
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12,971
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103 Eisenhower Parkway
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Office
|
1985
|
1994
|
-
|
-
|
-
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16,519
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2,300
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14,219
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16,519
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8,961
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105 Eisenhower Parkway
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Office
|
2001
|
2001
|
-
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4,430
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42,898
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5,289
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3,835
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48,782
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52,617
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22,007
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75 Livingston Avenue
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Office
|
1985
|
2009
|
10,888
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1,900
|
6,312
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(1,637)
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1,281
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5,294
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6,575
|
1,045
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85 Livingston Avenue
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Office
|
1985
|
2009
|
15,243
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2,500
|
14,238
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(6,542)
|
1,471
|
8,725
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10,196
|
1,614
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|
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Hudson County
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Jersey City
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Harborside Plaza 1
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Office
|
1983
|
1996
|
-
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3,923
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51,013
|
27,926
|
3,923
|
78,939
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82,862
|
36,168
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Harborside Plaza 2
|
Office
|
1990
|
1996
|
-
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17,655
|
101,546
|
21,449
|
12,844
|
127,806
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140,650
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54,391
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Harborside Plaza 3
|
Office
|
1990
|
1996
|
-
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17,655
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101,878
|
21,116
|
12,843
|
127,806
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140,649
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54,391
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Harborside Plaza 4A
|
Office
|
2000
|
2000
|
-
|
1,244
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56,144
|
14,698
|
1,244
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70,842
|
72,086
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28,181
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Harborside Plaza 5
|
Office
|
2002
|
2002
|
221,563
|
6,218
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170,682
|
52,013
|
5,705
|
223,208
|
228,913
|
80,254
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101 Hudson Street
|
Office
|
1992
|
2005
|
-
|
45,530
|
271,376
|
921
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45,530
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272,297
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317,827
|
68,400
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Weehawken
|
|
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|
|
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|
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500 Avenue at Port Imperial
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Other
|
2013
|
2013
|
36,600
|
13,099
|
56,669
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(21,005)
|
13,099
|
35,664
|
48,763
|
1,282
|
|
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Mercer County
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Hamilton Township
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3 AAA Drive
|
Office
|
1981
|
2007
|
-
|
242
|
3,218
|
1,598
|
242
|
4,816
|
5,058
|
1,438
|
100 Horizon Center Boulevard
|
Office/Flex
|
1989
|
1995
|
-
|
205
|
1,676
|
728
|
323
|
2,286
|
2,609
|
934
|
200 Horizon Drive
|
Office/Flex
|
1991
|
1995
|
-
|
205
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3,027
|
714
|
356
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3,590
|
3,946
|
1,700
|
300 Horizon Drive
|
Office/Flex
|
1989
|
1995
|
-
|
379
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4,355
|
1,188
|
530
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5,392
|
5,922
|
2,537
|
500 Horizon Drive
|
Office/Flex
|
1990
|
1995
|
-
|
379
|
3,395
|
921
|
495
|
4,200
|
4,695
|
2,029
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600 Horizon Drive
|
Office/Flex
|
2002
|
2002
|
-
|
-
|
7,549
|
651
|
685
|
7,515
|
8,200
|
2,270
|
|
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MACK-CALI REALTY CORPORATION
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|
|
REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION
|
|
|
|
|
|
|
December 31, 2014
|
|
|
|
|
|
|
|
|
(dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SCHEDULE III
|
|
|
|
|
|
|
Gross Amount at Which
|
|
|
|
|
|
|
|
|
|
Costs
|
Carried at Close of
|
|
|
|
|
|
|
|
Initial Costs
|
Capitalized
|
Period (a)
|
|
|
|
|
Year
|
|
Related
|
|
Building and
|
Subsequent
|
|
Building and
|
|
Accumulated
|
Property Location
|
|
Built
|
Acquired
|
Encumbrances
|
Land
|
Improvements
|
to Acquisition
|
Land
|
Improvements
|
Total
|
Depreciation (b)
|
|
|
|
|
|
|
|
|
|
|
|
|
700 Horizon Drive
|
Office
|
2007
|
2007
|
-
|
490
|
43
|
16,572
|
865
|
16,240
|
17,105
|
3,519
|
2 South Gold Drive
|
Office
|
1974
|
2007
|
-
|
476
|
3,487
|
839
|
476
|
4,326
|
4,802
|
813
|
Princeton
|
|
|
|
|
|
|
|
|
|
|
|
103 Carnegie Center
|
Office
|
1984
|
1996
|
-
|
2,566
|
7,868
|
3,183
|
2,566
|
11,051
|
13,617
|
5,072
|
2 Independence Way
|
Office
|
1985
|
2009
|
-
|
1,300
|
7,246
|
126
|
1,300
|
7,372
|
8,672
|
1,392
|
3 Independence Way
|
Office
|
1983
|
1997
|
-
|
1,997
|
11,391
|
4,186
|
1,997
|
15,577
|
17,574
|
6,986
|
100 Overlook Center
|
Office
|
1988
|
1997
|
-
|
2,378
|
21,754
|
3,384
|
2,378
|
25,138
|
27,516
|
10,295
|
5 Vaughn Drive
|
Office
|
1987
|
1995
|
-
|
657
|
9,800
|
3,001
|
657
|
12,801
|
13,458
|
6,434
|
|
|
|
|
|
|
|
|
|
|
|
|
Middlesex County
|
|
|
|
|
|
|
|
|
|
|
|
East Brunswick
|
|
|
|
|
|
|
|
|
|
|
|
377 Summerhill Road
|
Office
|
1977
|
1997
|
-
|
649
|
2,594
|
412
|
649
|
3,006
|
3,655
|
1,355
|
Edison
|
|
|
|
|
|
|
|
|
|
|
|
343 Thornall Street
|
Office
|
1991
|
2006
|
-
|
6,027
|
39,101
|
3,302
|
6,027
|
42,403
|
48,430
|
10,907
|
New Brunswick
|
|
|
|
|
|
|
|
|
|
|
|
Richmond Court
|
Multi-Family
|
1997
|
2013
|
-
|
2,992
|
13,534
|
50
|
2,992
|
13,584
|
16,576
|
350
|
Riverwatch Commons
|
Multi-Family
|
1995
|
2013
|
-
|
4,169
|
18,974
|
59
|
4,169
|
19,033
|
23,202
|
491
|
Plainsboro
|
|
|
|
|
|
|
|
|
|
|
|
500 College Road East (c)
|
Office
|
1984
|
1998
|
-
|
614
|
20,626
|
6,178
|
614
|
26,804
|
27,418
|
11,800
|
Woodbridge
|
|
|
|
|
|
|
|
|
|
|
|
581 Main Street
|
Office
|
1991
|
1997
|
-
|
3,237
|
12,949
|
26,205
|
8,115
|
34,276
|
42,391
|
15,447
|
|
|
|
|
|
|
|
|
|
|
|
|
Monmouth County
|
|
|
|
|
|
|
|
|
|
|
|
Freehold
|
|
|
|
|
|
|
|
|
|
|
|
2 Paragon Way
|
Office
|
1989
|
2005
|
-
|
999
|
4,619
|
876
|
999
|
5,495
|
6,494
|
1,567
|
3 Paragon Way
|
Office
|
1991
|
2005
|
-
|
1,423
|
6,041
|
1,550
|
1,423
|
7,591
|
9,014
|
2,235
|
4 Paragon Way
|
Office
|
2002
|
2005
|
-
|
1,961
|
8,827
|
(512)
|
1,961
|
8,315
|
10,276
|
1,958
|
100 Willow Brook Road
|
Office
|
1988
|
2005
|
-
|
1,264
|
5,573
|
804
|
1,264
|
6,377
|
7,641
|
1,844
|
Holmdel
|
|
|
|
|
|
|
|
|
|
|
|
23 Main Street
|
Office
|
1977
|
2005
|
29,210
|
4,336
|
19,544
|
9,133
|
4,336
|
28,677
|
33,013
|
11,514
|
Middletown
|
|
|
|
|
|
|
|
|
|
|
|
One River Center, Building 1
|
Office
|
1983
|
2004
|
10,879
|
3,070
|
17,414
|
3,881
|
2,451
|
21,914
|
24,365
|
7,051
|
One River Center, Building 2
|
Office
|
1983
|
2004
|
12,204
|
2,468
|
15,043
|
3,702
|
2,452
|
18,761
|
21,213
|
4,628
|
One River Center, Building 3
|
Office
|
1984
|
2004
|
19,393
|
4,051
|
24,790
|
6,030
|
4,627
|
30,244
|
34,871
|
8,503
|
Neptune
|
|
|
|
|
|
|
|
|
|
|
|
3600 Route 66
|
Office
|
1989
|
1995
|
-
|
1,098
|
18,146
|
10,455
|
1,098
|
28,601
|
29,699
|
10,121
|
Wall Township
|
|
|
|
|
|
|
|
|
|
|
|
1305 Campus Parkway
|
Office
|
1988
|
1995
|
-
|
335
|
2,560
|
648
|
291
|
3,252
|
3,543
|
1,463
|
1325 Campus Parkway
|
Office/Flex
|
1988
|
1995
|
-
|
270
|
2,928
|
725
|
270
|
3,653
|
3,923
|
1,749
|
1340 Campus Parkway
|
Office/Flex
|
1992
|
1995
|
-
|
489
|
4,621
|
1,817
|
489
|
6,438
|
6,927
|
3,169
|
1345 Campus Parkway
|
Office/Flex
|
1995
|
1997
|
-
|
1,023
|
5,703
|
1,703
|
1,024
|
7,405
|
8,429
|
3,526
|
1350 Campus Parkway
|
Office
|
1990
|
1995
|
-
|
454
|
7,134
|
823
|
454
|
7,957
|
8,411
|
3,805
|
1433 Highway 34
|
Office/Flex
|
1985
|
1995
|
-
|
889
|
4,321
|
1,617
|
889
|
5,938
|
6,827
|
2,670
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MACK-CALI REALTY CORPORATION
|
|
|
|
|
|
|
REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION
|
|
|
|
|
|
|
December 31, 2014
|
|
|
|
|
|
|
|
|
(dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SCHEDULE III
|
|
|
|
|
|
|
Gross Amount at Which
|
|
|
|
|
|
|
|
|
|
Costs
|
Carried at Close of
|
|
|
|
|
|
|
|
Initial Costs
|
Capitalized
|
Period (a)
|
|
|
|
|
Year
|
|
Related
|
|
Building and
|
Subsequent
|
|
Building and
|
|
Accumulated
|
Property Location
|
|
Built
|
Acquired
|
Encumbrances
|
Land
|
Improvements
|
to Acquisition
|
Land
|
Improvements
|
Total
|
Depreciation (b)
|
|
|
|
|
|
|
|
|
|
|
|
|
1320 Wyckoff Avenue
|
Office/Flex
|
1986
|
1995
|
-
|
255
|
1,285
|
291
|
216
|
1,615
|
1,831
|
833
|
1324 Wyckoff Avenue
|
Office/Flex
|
1987
|
1995
|
-
|
230
|
1,439
|
284
|
190
|
1,763
|
1,953
|
777
|
|
|
|
|
|
|
|
|
|
|
|
|
Morris County
|
|
|
|
|
|
|
|
|
|
|
|
Florham Park
|
|
|
|
|
|
|
|
|
|
|
|
325 Columbia Parkway
|
Office
|
1987
|
1994
|
-
|
1,564
|
-
|
17,390
|
1,564
|
17,390
|
18,954
|
10,299
|
Morris Plains
|
|
|
|
|
|
|
|
|
|
|
|
250 Johnson Road
|
Office
|
1977
|
1997
|
-
|
2,004
|
8,016
|
(4,825)
|
930
|
4,265
|
5,195
|
1,618
|
201 Littleton Road
|
Office
|
1979
|
1997
|
-
|
2,407
|
9,627
|
3,505
|
2,407
|
13,132
|
15,539
|
5,265
|
Parsippany
|
|
|
|
|
|
|
|
|
|
|
|
4 Campus Drive
|
Office
|
1983
|
2001
|
-
|
5,213
|
20,984
|
3,389
|
5,213
|
24,373
|
29,586
|
8,918
|
6 Campus Drive
|
Office
|
1983
|
2001
|
-
|
4,411
|
17,796
|
3,287
|
4,411
|
21,083
|
25,494
|
7,867
|
7 Campus Drive
|
Office
|
1982
|
1998
|
-
|
1,932
|
27,788
|
6,310
|
1,932
|
34,098
|
36,030
|
14,566
|
8 Campus Drive
|
Office
|
1987
|
1998
|
-
|
1,865
|
35,456
|
4,789
|
1,865
|
40,245
|
42,110
|
15,971
|
9 Campus Drive
|
Office
|
1983
|
2001
|
-
|
3,277
|
11,796
|
16,318
|
5,842
|
25,549
|
31,391
|
9,647
|
4 Century Drive
|
Office
|
1981
|
2004
|
-
|
1,787
|
9,575
|
1,862
|
1,787
|
11,437
|
13,224
|
3,461
|
5 Century Drive
|
Office
|
1981
|
2004
|
-
|
1,762
|
9,341
|
2,390
|
1,762
|
11,731
|
13,493
|
3,616
|
6 Century Drive
|
Office
|
1981
|
2004
|
-
|
1,289
|
6,848
|
2,178
|
1,289
|
9,026
|
10,315
|
2,855
|
2 Dryden Way
|
Office
|
1990
|
1998
|
-
|
778
|
420
|
110
|
778
|
530
|
1,308
|
245
|
4 Gatehall Drive
|
Office
|
1988
|
2000
|
-
|
8,452
|
33,929
|
4,433
|
8,452
|
38,362
|
46,814
|
14,754
|
2 Hilton Court
|
Office
|
1991
|
1998
|
-
|
1,971
|
32,007
|
4,958
|
1,971
|
36,965
|
38,936
|
16,047
|
1633 Littleton Road
|
Office
|
1978
|
2002
|
-
|
2,283
|
9,550
|
163
|
2,355
|
9,641
|
11,996
|
4,227
|
600 Parsippany Road
|
Office
|
1978
|
1994
|
-
|
1,257
|
5,594
|
3,277
|
1,257
|
8,871
|
10,128
|
4,515
|
1 Sylvan Way
|
Office
|
1989
|
1998
|
-
|
1,689
|
24,699
|
2,826
|
1,021
|
28,193
|
29,214
|
12,489
|
4 Sylvan Way
|
Office
|
1983
|
2009
|
14,575
|
2,400
|
13,486
|
(8,399)
|
1,131
|
6,356
|
7,487
|
1,149
|
5 Sylvan Way
|
Office
|
1989
|
1998
|
-
|
1,160
|
25,214
|
2,723
|
1,161
|
27,936
|
29,097
|
11,307
|
7 Sylvan Way
|
Office
|
1987
|
1998
|
-
|
2,084
|
26,083
|
841
|
2,084
|
26,924
|
29,008
|
11,063
|
14 Sylvan Way
|
Office
|
2013
|
2013
|
-
|
13,049
|
26,841
|
8,540
|
13,049
|
35,381
|
48,430
|
1,841
|
20 Waterview Boulevard
|
Office
|
1988
|
2009
|
24,678
|
4,500
|
27,246
|
(1,233)
|
4,208
|
26,305
|
30,513
|
4,736
|
35 Waterview Boulevard
|
Office
|
1990
|
2006
|
-
|
5,133
|
28,059
|
887
|
5,133
|
28,946
|
34,079
|
7,304
|
5 Wood Hollow Road
|
Office
|
1979
|
2004
|
-
|
5,302
|
26,488
|
16,441
|
5,302
|
42,929
|
48,231
|
15,710
|
|
|
|
|
|
|
|
|
|
|
|
|
Passaic County
|
|
|
|
|
|
|
|
|
|
|
|
Totowa
|
|
|
|
|
|
|
|
|
|
|
|
1 Center Court
|
Office/Flex
|
1999
|
1999
|
-
|
270
|
1,824
|
493
|
270
|
2,317
|
2,587
|
897
|
2 Center Court
|
Office/Flex
|
1998
|
1998
|
-
|
191
|
-
|
2,646
|
191
|
2,646
|
2,837
|
1,037
|
11 Commerce Way
|
Office/Flex
|
1989
|
1995
|
-
|
586
|
2,986
|
1,000
|
586
|
3,986
|
4,572
|
1,879
|
20 Commerce Way
|
Office/Flex
|
1992
|
1995
|
-
|
516
|
3,108
|
111
|
516
|
3,219
|
3,735
|
1,514
|
29 Commerce Way
|
Office/Flex
|
1990
|
1995
|
-
|
586
|
3,092
|
858
|
586
|
3,950
|
4,536
|
1,642
|
40 Commerce Way
|
Office/Flex
|
1987
|
1995
|
-
|
516
|
3,260
|
1,510
|
516
|
4,770
|
5,286
|
2,058
|
45 Commerce Way
|
Office/Flex
|
1992
|
1995
|
-
|
536
|
3,379
|
576
|
536
|
3,955
|
4,491
|
2,023
|
60 Commerce Way
|
Office/Flex
|
1988
|
1995
|
-
|
526
|
3,257
|
635
|
526
|
3,892
|
4,418
|
2,027
|
80 Commerce Way
|
Office/Flex
|
1996
|
1996
|
-
|
227
|
-
|
1,357
|
227
|
1,357
|
1,584
|
597
|
100 Commerce Way
|
Office/Flex
|
1996
|
1996
|
-
|
226
|
-
|
1,356
|
226
|
1,356
|
1,582
|
596
|
120 Commerce Way
|
Office/Flex
|
1994
|
1995
|
-
|
228
|
-
|
1,290
|
229
|
1,289
|
1,518
|
617
|
140 Commerce Way
|
Office/Flex
|
1994
|
1995
|
-
|
229
|
-
|
1,288
|
228
|
1,289
|
1,517
|
617
|
999 Riverview Drive
|
Office
|
1988
|
1995
|
-
|
476
|
6,024
|
2,793
|
1,102
|
8,191
|
9,293
|
4,018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MACK-CALI REALTY CORPORATION
|
|
|
|
|
|
|
REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION
|
|
|
|
|
|
|
December 31, 2014
|
|
|
|
|
|
|
|
|
(dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SCHEDULE III
|
|
|
|
|
|
|
Gross Amount at Which
|
|
|
|
|
|
|
|
|
|
Costs
|
Carried at Close of
|
|
|
|
|
|
|
|
Initial Costs
|
Capitalized
|
Period (a)
|
|
|
|
|
Year
|
|
Related
|
|
Building and
|
Subsequent
|
|
Building and
|
|
Accumulated
|
Property Location
|
|
Built
|
Acquired
|
Encumbrances
|
Land
|
Improvements
|
to Acquisition
|
Land
|
Improvements
|
Total
|
Depreciation (b)
|
|
|
|
|
|
|
|
|
|
|
|
|
Somerset County
|
|
|
|
|
|
|
|
|
|
|
|
Basking Ridge
|
|
|
|
|
|
|
|
|
|
|
|
222 Mt. Airy Road
|
Office
|
1986
|
1996
|
-
|
775
|
3,636
|
2,278
|
775
|
5,914
|
6,689
|
2,662
|
233 Mt. Airy Road
|
Office
|
1987
|
1996
|
-
|
1,034
|
5,033
|
2,204
|
1,034
|
7,237
|
8,271
|
2,737
|
Bridgewater
|
|
|
|
|
|
|
|
|
|
|
|
440 Route 22 East
|
Office
|
1990
|
2010
|
-
|
3,986
|
13,658
|
4,814
|
3,986
|
18,472
|
22,458
|
3,661
|
721 Route 202/206
|
Office
|
1989
|
1997
|
-
|
6,730
|
26,919
|
9,711
|
6,730
|
36,630
|
43,360
|
18,700
|
Warren
|
|
|
|
|
|
|
|
|
|
|
|
10 Independence Boulevard
|
Office
|
1988
|
2009
|
16,924
|
2,300
|
15,499
|
(6,031)
|
1,482
|
10,286
|
11,768
|
1,573
|
|
|
|
|
|
|
|
|
|
|
|
|
Union County
|
|
|
|
|
|
|
|
|
|
|
|
Clark
|
|
|
|
|
|
|
|
|
|
|
|
100 Walnut Avenue
|
Office
|
1985
|
1994
|
18,542
|
-
|
-
|
17,640
|
1,822
|
15,818
|
17,640
|
10,340
|
Cranford
|
|
|
|
|
|
|
|
|
|
|
|
6 Commerce Drive
|
Office
|
1973
|
1994
|
-
|
250
|
-
|
1,784
|
250
|
1,784
|
2,034
|
712
|
11 Commerce Drive
|
Office
|
1981
|
1994
|
-
|
470
|
-
|
5,556
|
470
|
5,556
|
6,026
|
4,655
|
12 Commerce Drive
|
Office
|
1967
|
1997
|
-
|
887
|
3,549
|
1,543
|
887
|
5,092
|
5,979
|
2,354
|
14 Commerce Drive
|
Office
|
1971
|
2003
|
-
|
1,283
|
6,344
|
1,043
|
1,283
|
7,387
|
8,670
|
2,185
|
20 Commerce Drive
|
Office
|
1990
|
1994
|
-
|
2,346
|
-
|
21,447
|
2,346
|
21,447
|
23,793
|
11,154
|
25 Commerce Drive
|
Office
|
1971
|
2002
|
-
|
1,520
|
6,186
|
1,028
|
1,520
|
7,214
|
8,734
|
3,132
|
65 Jackson Drive
|
Office
|
1984
|
1994
|
-
|
541
|
-
|
6,223
|
542
|
6,222
|
6,764
|
4,100
|
New Providence
|
|
|
|
|
|
|
|
|
|
|
|
890 Mountain Road
|
Office
|
1977
|
1997
|
-
|
2,796
|
11,185
|
6,167
|
3,765
|
16,383
|
20,148
|
6,843
|
Rahway
|
|
|
|
|
|
|
|
|
|
|
|
Park Square
|
Multi-Family
|
2011
|
2013
|
27,500
|
4,000
|
40,670
|
21
|
4,000
|
40,691
|
44,691
|
1,132
|
|
|
|
|
|
|
|
|
|
|
|
|
NEW YORK
|
|
|
|
|
|
|
|
|
|
|
|
New York County
|
|
|
|
|
|
|
|
|
|
|
|
New York
|
|
|
|
|
|
|
|
|
|
|
|
125 Broad Street
|
Office
|
1970
|
2007
|
-
|
50,191
|
207,002
|
48,289
|
50,191
|
255,291
|
305,482
|
48,103
|
|
|
|
|
|
|
|
|
|
|
|
|
Westchester County
|
|
|
|
|
|
|
|
|
|
|
|
Elmsford
|
|
|
|
|
|
|
|
|
|
|
|
11 Clearbrook Road
|
Office/Flex
|
1974
|
1997
|
-
|
149
|
2,159
|
529
|
149
|
2,688
|
2,837
|
1,129
|
75 Clearbrook Road
|
Office/Flex
|
1990
|
1997
|
-
|
2,314
|
4,716
|
107
|
2,314
|
4,823
|
7,137
|
2,189
|
100 Clearbrook Road
|
Office
|
1975
|
1997
|
-
|
220
|
5,366
|
1,653
|
220
|
7,019
|
7,239
|
3,117
|
125 Clearbrook Road
|
Office/Flex
|
2002
|
2002
|
-
|
1,055
|
3,676
|
(515)
|
1,055
|
3,161
|
4,216
|
947
|
150 Clearbrook Road
|
Office/Flex
|
1975
|
1997
|
-
|
497
|
7,030
|
2,211
|
497
|
9,241
|
9,738
|
3,820
|
175 Clearbrook Road
|
Office/Flex
|
1973
|
1997
|
-
|
655
|
7,473
|
676
|
655
|
8,149
|
8,804
|
3,946
|
200 Clearbrook Road
|
Office/Flex
|
1974
|
1997
|
-
|
579
|
6,620
|
1,778
|
579
|
8,398
|
8,977
|
3,573
|
250 Clearbrook Road
|
Office/Flex
|
1973
|
1997
|
-
|
867
|
8,647
|
1,685
|
867
|
10,332
|
11,199
|
4,308
|
50 Executive Boulevard
|
Office/Flex
|
1969
|
1997
|
-
|
237
|
2,617
|
398
|
237
|
3,015
|
3,252
|
1,308
|
77 Executive Boulevard
|
Office/Flex
|
1977
|
1997
|
-
|
34
|
1,104
|
212
|
34
|
1,316
|
1,350
|
630
|
85 Executive Boulevard
|
Office/Flex
|
1968
|
1997
|
-
|
155
|
2,507
|
691
|
155
|
3,198
|
3,353
|
1,503
|
101 Executive Boulevard
|
Office
|
1971
|
1997
|
-
|
267
|
5,838
|
(3,536)
|
101
|
2,468
|
2,569
|
1,060
|
300 Executive Boulevard
|
Office/Flex
|
1970
|
1997
|
-
|
460
|
3,609
|
275
|
460
|
3,884
|
4,344
|
1,680
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MACK-CALI REALTY CORPORATION
|
|
|
|
|
|
|
REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION
|
|
|
|
|
|
|
December 31, 2014
|
|
|
|
|
|
|
|
|
(dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SCHEDULE III
|
|
|
|
|
|
|
Gross Amount at Which
|
|
|
|
|
|
|
|
|
|
Costs
|
Carried at Close of
|
|
|
|
|
|
|
|
Initial Costs
|
Capitalized
|
Period (a)
|
|
|
|
|
Year
|
|
Related
|
|
Building and
|
Subsequent
|
|
Building and
|
|
Accumulated
|
Property Location
|
|
Built
|
Acquired
|
Encumbrances
|
Land
|
Improvements
|
to Acquisition
|
Land
|
Improvements
|
Total
|
Depreciation (b)
|
|
|
|
|
|
|
|
|
|
|
|
|
350 Executive Boulevard
|
Office/Flex
|
1970
|
1997
|
-
|
100
|
1,793
|
175
|
100
|
1,968
|
2,068
|
871
|
399 Executive Boulevard
|
Office/Flex
|
1962
|
1997
|
-
|
531
|
7,191
|
163
|
531
|
7,354
|
7,885
|
3,310
|
400 Executive Boulevard
|
Office/Flex
|
1970
|
1997
|
-
|
2,202
|
1,846
|
841
|
2,202
|
2,687
|
4,889
|
1,263
|
500 Executive Boulevard
|
Office/Flex
|
1970
|
1997
|
-
|
258
|
4,183
|
465
|
258
|
4,648
|
4,906
|
2,148
|
525 Executive Boulevard
|
Office/Flex
|
1972
|
1997
|
-
|
345
|
5,499
|
834
|
345
|
6,333
|
6,678
|
2,855
|
700 Executive Boulevard
|
Land Lease
|
N/A
|
1997
|
-
|
970
|
-
|
-
|
970
|
-
|
970
|
-
|
1 Warehouse Lane (c)
|
Industrial/Warehouse
|
1957
|
1997
|
-
|
3
|
268
|
233
|
3
|
501
|
504
|
221
|
2 Warehouse Lane (c)
|
Industrial/Warehouse
|
1957
|
1997
|
-
|
4
|
672
|
122
|
4
|
794
|
798
|
363
|
3 Warehouse Lane (c)
|
Industrial/Warehouse
|
1957
|
1997
|
-
|
21
|
1,948
|
363
|
21
|
2,311
|
2,332
|
1,114
|
4 Warehouse Lane (c)
|
Industrial/Warehouse
|
1957
|
1997
|
-
|
84
|
13,393
|
5,155
|
85
|
18,547
|
18,632
|
8,563
|
5 Warehouse Lane (c)
|
Industrial/Warehouse
|
1957
|
1997
|
-
|
19
|
4,804
|
939
|
19
|
5,743
|
5,762
|
2,551
|
6 Warehouse Lane (c)
|
Industrial/Warehouse
|
1982
|
1997
|
-
|
10
|
4,419
|
2,445
|
10
|
6,864
|
6,874
|
2,592
|
1 Westchester Plaza
|
Office/Flex
|
1967
|
1997
|
-
|
199
|
2,023
|
469
|
199
|
2,492
|
2,691
|
1,197
|
2 Westchester Plaza
|
Office/Flex
|
1968
|
1997
|
-
|
234
|
2,726
|
701
|
234
|
3,427
|
3,661
|
1,417
|
3 Westchester Plaza
|
Office/Flex
|
1969
|
1997
|
-
|
655
|
7,936
|
1,114
|
655
|
9,050
|
9,705
|
4,202
|
4 Westchester Plaza
|
Office/Flex
|
1969
|
1997
|
-
|
320
|
3,729
|
1,038
|
320
|
4,767
|
5,087
|
2,229
|
5 Westchester Plaza
|
Office/Flex
|
1969
|
1997
|
-
|
118
|
1,949
|
462
|
118
|
2,411
|
2,529
|
1,219
|
6 Westchester Plaza
|
Office/Flex
|
1968
|
1997
|
-
|
164
|
1,998
|
155
|
164
|
2,153
|
2,317
|
952
|
7 Westchester Plaza
|
Office/Flex
|
1972
|
1997
|
-
|
286
|
4,321
|
682
|
286
|
5,003
|
5,289
|
2,044
|
8 Westchester Plaza
|
Office/Flex
|
1971
|
1997
|
-
|
447
|
5,262
|
1,932
|
447
|
7,194
|
7,641
|
2,875
|
Hawthorne
|
|
|
|
|
|
|
|
|
|
|
|
200 Saw Mill River Road
|
Office/Flex
|
1965
|
1997
|
-
|
353
|
3,353
|
608
|
353
|
3,961
|
4,314
|
1,786
|
1 Skyline Drive
|
Office
|
1980
|
1997
|
-
|
66
|
1,711
|
210
|
66
|
1,921
|
1,987
|
890
|
2 Skyline Drive
|
Office
|
1987
|
1997
|
-
|
109
|
3,128
|
1,474
|
109
|
4,602
|
4,711
|
2,057
|
4 Skyline Drive
|
Office/Flex
|
1987
|
1997
|
-
|
363
|
7,513
|
2,790
|
363
|
10,303
|
10,666
|
4,874
|
5 Skyline Drive
|
Office/Flex
|
1980
|
2001
|
-
|
2,219
|
8,916
|
2,001
|
2,219
|
10,917
|
13,136
|
4,588
|
6 Skyline Drive
|
Office/Flex
|
1980
|
2001
|
-
|
740
|
2,971
|
1,044
|
740
|
4,015
|
4,755
|
2,142
|
7 Skyline Drive
|
Office
|
1987
|
1998
|
-
|
330
|
13,013
|
3,172
|
330
|
16,185
|
16,515
|
6,868
|
8 Skyline Drive
|
Office/Flex
|
1985
|
1997
|
-
|
212
|
4,410
|
951
|
212
|
5,361
|
5,573
|
2,577
|
10 Skyline Drive
|
Office/Flex
|
1985
|
1997
|
-
|
134
|
2,799
|
732
|
134
|
3,531
|
3,665
|
1,757
|
11 Skyline Drive (c)
|
Office/Flex
|
1989
|
1997
|
-
|
-
|
4,788
|
760
|
-
|
5,548
|
5,548
|
2,252
|
12 Skyline Drive (c)
|
Office/Flex
|
1999
|
1999
|
-
|
1,562
|
3,254
|
21
|
1,320
|
3,517
|
4,837
|
1,368
|
15 Skyline Drive (c)
|
Office/Flex
|
1989
|
1997
|
-
|
-
|
7,449
|
628
|
-
|
8,077
|
8,077
|
3,544
|
17 Skyline Drive (c)
|
Office
|
1989
|
1997
|
-
|
-
|
7,269
|
1,484
|
-
|
8,753
|
8,753
|
3,725
|
Tarrytown
|
|
|
|
|
|
|
|
|
|
|
|
230 White Plains Road
|
Retail
|
1984
|
1997
|
-
|
124
|
1,845
|
107
|
124
|
1,952
|
2,076
|
868
|
White Plains
|
|
|
|
|
|
|
|
|
|
|
|
1 Barker Avenue
|
Office
|
1975
|
1997
|
-
|
208
|
9,629
|
2,546
|
207
|
12,176
|
12,383
|
5,083
|
3 Barker Avenue
|
Office
|
1983
|
1997
|
-
|
122
|
7,864
|
1,781
|
122
|
9,645
|
9,767
|
4,128
|
50 Main Street
|
Office
|
1985
|
1997
|
-
|
564
|
48,105
|
14,371
|
564
|
62,476
|
63,040
|
27,557
|
11 Martine Avenue
|
Office
|
1987
|
1997
|
-
|
127
|
26,833
|
9,209
|
127
|
36,042
|
36,169
|
16,385
|
1 Water Street
|
Office
|
1979
|
1997
|
-
|
211
|
5,382
|
1,101
|
211
|
6,483
|
6,694
|
2,835
|
Yonkers
|
|
|
|
|
|
|
|
|
|
|
|
100 Corporate Boulevard
|
Office/Flex
|
1987
|
1997
|
-
|
602
|
9,910
|
1,519
|
602
|
11,429
|
12,031
|
5,126
|
200 Corporate Boulevard South
|
Office/Flex
|
1990
|
1997
|
-
|
502
|
7,575
|
1,538
|
502
|
9,113
|
9,615
|
4,107
|
1 Enterprise Boulevard
|
Land Lease
|
N/A
|
1997
|
-
|
1,379
|
-
|
1
|
1,380
|
-
|
1,380
|
-
|
1 Executive Boulevard
|
Office
|
1982
|
1997
|
-
|
1,104
|
11,904
|
3,281
|
1,105
|
15,184
|
16,289
|
6,592
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MACK-CALI REALTY CORPORATION
|
|
|
|
|
|
|
REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION
|
|
|
|
|
|
|
|
December 31, 2014
|
|
|
|
|
|
|
|
|
|
|
(dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SCHEDULE III
|
|
|
|
|
|
|
Gross Amount at Which
|
|
|
|
|
|
|
|
|
|
Costs
|
Carried at Close of
|
|
|
|
|
|
|
|
Initial Costs
|
Capitalized
|
Period (a)
|
|
|
|
|
Year
|
|
Related
|
|
Building and
|
Subsequent
|
|
Building and
|
|
Accumulated
|
Property Location
|
|
Built
|
Acquired
|
Encumbrances
|
Land
|
Improvements
|
to Acquisition
|
Land
|
Improvements
|
Total
|
Depreciation (b)
|
|
|
|
|
|
|
|
|
|
|
|
|
2 Executive Boulevard
|
Retail
|
1986
|
1997
|
-
|
89
|
2,439
|
100
|
89
|
2,539
|
2,628
|
1,113
|
3 Executive Boulevard
|
Office
|
1987
|
1997
|
-
|
385
|
6,256
|
2,103
|
385
|
8,359
|
8,744
|
3,657
|
4 Executive Plaza
|
Office/Flex
|
1986
|
1997
|
-
|
584
|
6,134
|
942
|
584
|
7,076
|
7,660
|
3,285
|
6 Executive Plaza
|
Office/Flex
|
1987
|
1997
|
-
|
546
|
7,246
|
2,146
|
546
|
9,392
|
9,938
|
3,882
|
1 Odell Plaza
|
Office/Flex
|
1980
|
1997
|
-
|
1,206
|
6,815
|
2,353
|
1,206
|
9,168
|
10,374
|
3,895
|
3 Odell Plaza
|
Office
|
1984
|
2003
|
-
|
1,322
|
4,777
|
2,321
|
1,322
|
7,098
|
8,420
|
3,019
|
5 Odell Plaza
|
Office/Flex
|
1983
|
1997
|
-
|
331
|
2,988
|
894
|
331
|
3,882
|
4,213
|
1,994
|
7 Odell Plaza
|
Office/Flex
|
1984
|
1997
|
-
|
419
|
4,418
|
1,045
|
419
|
5,463
|
5,882
|
2,281
|
|
|
|
|
|
|
|
|
|
|
|
|
CONNECTICUT
|
|
|
|
|
|
|
|
|
|
|
|
Fairfield County
|
|
|
|
|
|
|
|
|
|
|
|
Stamford
|
|
|
|
|
|
|
|
|
|
|
|
419 West Avenue
|
Office/Flex
|
1986
|
1997
|
-
|
4,538
|
9,246
|
1,295
|
4,538
|
10,541
|
15,079
|
4,956
|
500 West Avenue
|
Office/Flex
|
1988
|
1997
|
-
|
415
|
1,679
|
615
|
415
|
2,294
|
2,709
|
818
|
550 West Avenue
|
Office/Flex
|
1990
|
1997
|
-
|
1,975
|
3,856
|
185
|
1,975
|
4,041
|
6,016
|
1,846
|
600 West Avenue
|
Office/Flex
|
1999
|
1999
|
-
|
2,305
|
2,863
|
866
|
2,305
|
3,729
|
6,034
|
1,445
|
650 West Avenue
|
Office/Flex
|
1998
|
1998
|
-
|
1,328
|
-
|
3,503
|
1,328
|
3,503
|
4,831
|
1,438
|
|
|
|
|
|
|
|
|
|
|
|
|
DISTRICT OF COLUMBIA
|
|
|
|
|
|
|
|
|
|
|
|
Washington,
|
|
|
|
|
|
|
|
|
|
|
|
1201 Connecticut Avenue, NW
|
Office
|
1940
|
1999
|
-
|
14,228
|
18,571
|
5,846
|
14,228
|
24,417
|
38,645
|
10,322
|
1400 L Street, NW
|
Office
|
1987
|
1998
|
-
|
13,054
|
27,423
|
7,909
|
13,054
|
35,332
|
48,386
|
17,571
|
|
|
|
|
|
|
|
|
|
|
|
|
MARYLAND
|
|
|
|
|
|
|
|
|
|
|
|
Prince George’s County
|
|
|
|
|
|
|
|
|
|
|
|
Greenbelt
|
|
|
|
|
|
|
|
|
|
|
|
Capital Office Park Parcel A
|
Land
|
N/A
|
2009
|
-
|
840
|
-
|
7
|
847
|
-
|
847
|
-
|
9200 Edmonston Road
|
Office
|
1973/03
|
2006
|
3,951
|
1,547
|
4,131
|
(2,484)
|
610
|
2,584
|
3,194
|
1,336
|
6301 Ivy Lane
|
Office
|
1979/95
|
2006
|
-
|
5,168
|
14,706
|
1,289
|
5,168
|
15,995
|
21,163
|
3,981
|
6303 Ivy Lane
|
Office
|
1980/03
|
2006
|
-
|
5,115
|
13,860
|
770
|
5,115
|
14,630
|
19,745
|
4,236
|
6305 Ivy Lane
|
Office
|
1982/95
|
2006
|
-
|
5,615
|
14,420
|
1,071
|
5,615
|
15,491
|
21,106
|
3,835
|
6404 Ivy Lane
|
Office
|
1987
|
2006
|
-
|
7,578
|
20,785
|
1,998
|
7,578
|
22,783
|
30,361
|
6,684
|
6406 Ivy Lane
|
Office
|
1991
|
2006
|
-
|
7,514
|
21,152
|
5,770
|
7,514
|
26,922
|
34,436
|
5,119
|
6411 Ivy Lane
|
Office
|
1984/05
|
2006
|
-
|
6,867
|
17,470
|
965
|
6,867
|
18,435
|
25,302
|
4,789
|
Lanham
|
|
|
|
|
|
|
|
|
|
|
|
4200 Parliament Place
|
Office
|
1989
|
1998
|
-
|
2,114
|
13,546
|
1,227
|
1,393
|
15,494
|
16,887
|
7,227
|
|
|
|
|
|
|
|
|
|
|
|
|
MASSACHUSETTS
|
|
|
|
|
|
|
|
|
|
|
|
Suffolk County
|
|
|
|
|
|
|
|
|
|
|
|
Revere
|
|
|
|
|
|
|
|
|
|
|
|
Alterra at Overlook Ridge IA
|
Multi-Family
|
2004
|
2013
|
-
|
9,042
|
50,671
|
357
|
9,042
|
51,028
|
60,070
|
2,535
|
Alterra at Overlook Ridge II
|
Multi-Family
|
2008
|
2013
|
-
|
12,055
|
71,409
|
345
|
12,055
|
71,754
|
83,809
|
3,332
|
Andover Place
|
Multi-Family
|
1988
|
2014
|
-
|
8,535
|
27,609
|
154
|
8,534
|
27,764
|
36,298
|
696
|
|
|
|
|
|
|
|
|
|
|
|
|
Projects Under Development
|
|
|
|
|
|
|
|
|
|
|
|
and Developable Land
|
|
|
|
68,359
|
174,581
|
182,061
|
-
|
174,581
|
182,061
|
356,642
|
3,049
|
|
|
|
|
|
|
|
|
|
|
|
|
Furniture, Fixtures
|
|
|
|
|
|
|
|
|
|
|
|
and Equipment
|
|
|
|
-
|
-
|
-
|
12,055
|
-
|
12,055
|
12,055
|
3,515
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTALS
|
|
|
|
756,910
|
778,751
|
3,510,501
|
668,927
|
760,855
|
4,197,324
|
4,958,179
|
1,414,305
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)The aggregate cost for federal income tax purposes at December 31, 2014 was approximately $3.2 billion.
(b)Depreciation of buildings and improvements are calculated over lives ranging from the life of the lease to 40 years.
(c)This property is located on land leased by the Company.
MACK-CALI REALTY CORPORATION
NOTE TO SCHEDULE III
Changes in rental properties and accumulated depreciation for the periods ended December 31, 2014, 2013 and 2012 are as follows: (dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
2014
|
|
|
2013
|
|
|
2012
|
Rental Properties
|
|
|
|
|
|
|
|
|
Balance at beginning of year
|
$
|
5,129,933
|
|
$
|
5,379,436
|
|
$
|
5,279,770
|
Additions
|
|
193,005
|
|
|
317,994
|
|
|
296,079
|
Rental property held for sale
|
|
-
|
|
|
(107,205)
|
|
|
(84,716)
|
Properties sold
|
|
(331,181)
|
|
|
(256,335)
|
|
|
(34,563)
|
Impairment charge
|
|
-
|
|
|
(149,030)
|
|
|
(20,573)
|
Retirements/disposals
|
|
(33,578)
|
|
|
(54,927)
|
|
|
(56,561)
|
Balance at end of year
|
$
|
4,958,179
|
|
$
|
5,129,933
|
|
$
|
5,379,436
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated Depreciation
|
|
|
|
|
|
|
|
|
Balance at beginning of year
|
$
|
1,400,988
|
|
$
|
1,478,214
|
|
$
|
1,409,163
|
Depreciation expense
|
|
143,278
|
|
|
155,846
|
|
|
157,175
|
Rental property held for sale
|
|
-
|
|
|
(35,594)
|
|
|
(23,852)
|
Properties sold
|
|
(96,383)
|
|
|
(104,196)
|
|
|
(10,026)
|
Impairment charge
|
|
-
|
|
|
(38,353)
|
|
|
2,058
|
Retirements/disposals
|
|
(33,578)
|
|
|
(54,929)
|
|
|
(56,304)
|
Balance at end of year
|
$
|
1,414,305
|
|
$
|
1,400,988
|
|
$
|
1,478,214
|
|