BREIT 2017 Annual Report

F-29 The total included on Schedule III does not include Furniture, Fixtures and Equipment totaling $64,080. Accumulated Depreciation does not include $2,942 of accumulated depreciation related to Furniture, Fixtures and Equipment. The following table summarizes activity for real estate and accumulated depreciation for the year ended December 31, 2017 ($ in thousands): December 31, 2017 Real Estate: Balance at the beginning of year $ — Additions during the year: Land and land improvements 574,253 Building and building improvements 2,815,348 Balance at the end of the year $ 3,389,601 Accumulated Depreciation: Balance at the beginning of the year $ — Accumulated depreciation (44,184) Balance at the end of the year $ (44,184)