BREIT 2017 Annual Report

F-28 Initial Cost Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at the Close of Period (2) Description Encumbrances Land and Land Improvements Building and Building Improvements Land and Land Improvements Building and Building Improvements Land and Land Improvements Building and Building Improvements Total Accumulated Depreciation Year Built Year Acquired Depreciable Lives (1) Fairfield Industrial Portfolio: 1 Gardner Road 2,567 1,232 2,755 — — 1,232 2,755 3,987 (31) 1980 2017 (1) 4 Gardner Road 3,779 1,767 4,682 — — 1,767 4,682 6,449 (52) 1981 2017 (1) 12 Gardner Road 7,039 3,223 4,180 — — 3,223 4,180 7,403 (52) 1973 2017 (1) 15 Gardner Road 2,308 1,093 4,074 — — 1,093 4,074 5,167 (40) 1974 2017 (1) 11 Stewart Place 2,135 1,101 1,688 — — 1,101 1,688 2,789 (23) 1970 2017 (1) 17 Stewart Place 2,106 1,170 1,900 — — 1,170 1,900 3,070 (21) 1985 2017 (1) 24 Stewart Place 4,270 4,219 5,936 — 25 4,219 5,961 10,180 (61) 2000 2017 (1) 67 Route 46 5,654 4,726 6,013 — — 4,726 6,013 10,739 (65) 2000 2017 (1) 5-7 Evans Street 4,264 2,131 2,408 — — 2,131 2,408 4,539 (28) 1973 2017 (1) 20 Audrey Place 7,501 4,194 8,677 — — 4,194 8,677 12,871 (86) 1975 2017 (1) 27-29 Dwight Place 1,477 843 1,375 — — 843 1,375 2,218 (17) 1974 2017 (1) Southeast Industrial Portfolio: Faye Road 16,672 3,056 20,161 — — 3,056 20,161 23,217 (79) 2007 2017 (1) Jonesboro Commerce Center 13,585 2,804 14,537 — — 2,804 14,537 17,341 (73) 1994 2017 (1) Mason Road Distribution Center 14,065 3,574 16,037 — — 3,574 16,037 19,611 (77) 1996 2017 (1) Volkswagen BTS 14,820 2,261 15,933 — — 2,261 15,933 18,194 (70) 2007 2017 (1) Westlake Distribution Center 20,858 3,291 22,985 — — 3,291 22,985 26,276 (103) 2007 2017 (1) Total Industrial Properties $ 415,100 $ 95,842 $ 499,840 $ — $ 1,046 $ 95,842 $ 500,886 $ 596,728 $ (9,515) Hotel properties: Hyatt Place UC Davis $ 20,930 $ 526 $ 24,778 $ — $ 36 $ 526 $ 24,814 $ 25,340 $ (1,981) 2010 2017 (1) Hyatt Place San Jose Downtown 43,712 18,372 43,476 19 780 18,391 44,256 62,647 (1,337) 1974 2017 (1) Florida Select-Service 4-Pack: Hampton Inn & Suites Oldsmar 10,205 2,088 13,234 — — 2,088 13,234 15,322 (352) 2013 2017 (1) Hilton Garden Inn Oldsmar 7,166 1,069 8,724 — 7 1,069 8,731 9,800 (225) 2006 2017 (1) Hilton Garden Inn Tampa North 11,034 2,706 12,351 5 1 2,711 12,352 15,063 (492) 2000 2017 (1) Hyatt Place Lake Mary 9,409 1,941 10,979 — 3 1,941 10,982 12,923 (319) 2008 2017 (1) Hyatt House Downtown Atlanta 22,750 5,714 26,296 — 1 5,714 26,297 32,011 (620) 2015 2017 (1) Boston/Worcester Select-Service 3-Pack: Courtyard Worcester 15,551 1,646 20,149 — — 1,646 20,149 21,795 (261) 1999 2017 (1) Hampton Inn & Suites Worcester 10,993 738 14,663 — — 738 14,663 15,401 (136) 2016 2017 (1) Towne Place Suites Logan Airport 27,081 1,825 37,505 — — 1,825 37,505 39,330 (315) 2015 2017 (1) Total Hotel Properties $ 178,831 $ 36,625 $ 212,155 $ 24 $ 828 $ 36,649 $ 212,983 $ 249,632 $ (6,038) Retail properties: Bakers Centre $ 32,000 $ 19,335 $ 31,833 $ — $ 84 $ 19,335 $ 31,917 $ 51,252 $ (990) 2015 2017 (1) Plaza Del Sol Retail 27,390 24,100 18,318 — 6 24,100 18,324 42,424 (230) 1984 2017 (1) Total Retail Properties $ 59,390 $ 43,435 $ 50,151 $ — $ 90 $ 43,435 $ 50,241 $ 93,676 $ (1,220) Portfolio Total $ 2,125,825 $ 573,001 $ 2,807,821 $ 1,229 $ 7,550 $ 574,230 $ 2,815,371 $3,389,601 $ (44,184) (1) Refer to Note 2 to our consolidated financial statements for details of depreciable lives. (2) As of December 31, 2017, the aggregate cost basis for tax purposes was $3.6 billion.