Attached files
| file | filename |
|---|---|
| S-1 - PL REAL PROPERTY ACCOUNT - PRUCO LIFE VARIABLE CONTRACT REAL PROPERTY ACCOUNT | plrparegtofile.htm |
| EX-16.(A)(23A) - PWC CONSENT - PRUCO LIFE VARIABLE CONTRACT REAL PROPERTY ACCOUNT | auditorconsent.htm |
| EX-16.(A)(24) - POWERS OF ATTORNEY - PRUCO LIFE VARIABLE CONTRACT REAL PROPERTY ACCOUNT | powersofattorney.htm |
| EX-16.(A)(5) - LEGAL OPINION AND CONSENT - PRUCO LIFE VARIABLE CONTRACT REAL PROPERTY ACCOUNT | legalconsent.htm |
THE PRUDENTIAL VARIABLE CONTRACT REAL PROPERTY PARTNERSHIP
SCHEDULE III - REAL ESTATE OWNED: PROPERTIES
DECEMBER 31, 2011
|
|
Initial Costs to the Partnership
|
|
|
Gross Amount at Which
Carried at Close of Year
|
||||||||||||||||||||||||||||||
|
Description
|
|
Encumbrances
at 12/31/11
|
Land
|
|
Building &
Improvements
|
|
Costs
Capitalized
Subsequent
to
Acquisition
|
|
Land
|
|
Building &
Improvements
|
|
Total
|
Year of
construction
|
|
Date
Acquired
|
||||||||||||||||||
|
Properties:
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
|
Office Building
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
|
Lisle, IL
|
|
None
|
|
1,780,000
|
|
15,743,881
|
|
8,882,861
|
|
1,949,206
|
|
24,457,536
|
|
26,406,742
|
1985
|
|
Apr., 1988
|
|||||||||||||||||
|
Garden Apartments
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
|
Raleigh, NC
|
|
8,995,044
|
b
|
1,623,146
|
|
14,135,553
|
|
1,070,400
|
|
1,817,119
|
|
15,011,980
|
|
16,829,099
|
1995
|
|
Jun., 1995
|
|||||||||||||||||
|
Hotel
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
|
Lake Oswego, OR
|
|
1,500,000
|
|
6,508,729
|
|
2,983,740
|
|
1,500,000
|
|
9,492,469
|
|
10,992,469
|
1989
|
|
Dec., 2003
|
|||||||||||||||||||
|
Office Building
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
|
Brentwood, TN
|
|
None
|
|
1,797,000
|
|
6,588,451
|
|
6,758,681
|
|
1,855,339
|
|
13,288,793
|
|
15,144,132
|
1982
|
|
Oct., 1995
|
|||||||||||||||||
|
Office Building
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
|
Beaverton , OR
|
|
None
|
|
816,415
|
|
9,897,307
|
|
2,774,419
|
|
845,887
|
|
12,642,254
|
|
13,488,141
|
1995
|
|
Dec., 1996
|
|||||||||||||||||
|
Office Complex
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
|
Brentwood, TN
|
|
None
|
|
2,425,000
|
|
7,063,755
|
|
3,461,420
|
|
2,463,601
|
|
10,486,574
|
|
12,950,175
|
1987
|
|
Oct., 1997
|
|||||||||||||||||
|
Retail Shopping Center
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
|
Hampton, VA
|
|
5,586,902
|
|
2,339,100
|
|
12,767,956
|
|
3,102,905
|
|
4,839,418
|
|
13,370,543
|
|
18,209,961
|
1998
|
|
May, 2001
|
|||||||||||||||||
|
Retail Shopping Center
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
|
Westminster, MD
|
|
3,031,735
|
|
9,326,605
|
|
2,718,785
|
|
3,031,735
|
|
12,045,390
|
|
15,077,125
|
2005
|
|
June, 2006
|
|||||||||||||||||||
|
Retail Shopping Center
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
|
Ocean City, MD
|
|
18,882,325
|
|
1,517,099
|
|
8,495,039
|
|
13,893,645
|
|
1,524,555
|
|
22,381,228
|
|
23,905,783
|
1986
|
|
Nov., 2002
|
|||||||||||||||||
|
Garden Apartments
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
|
Austin, TX
|
|
2,577,097
|
|
20,125,169
|
|
169,894
|
|
2,577,097
|
|
20,295,063
|
|
22,872,160
|
2007
|
|
May, 2007
|
|||||||||||||||||||
|
Retail Shopping Center
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
|
Dunn, NC
|
|
None
|
|
586,500
|
|
5,372,344
|
|
470,630
|
|
385,559
|
|
6,043,915
|
|
6,429,474
|
1984
|
|
Aug., 2007
|
|||||||||||||||||
|
Garden Apartments
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
|
Charlotte, NC
|
|
1,350,000
|
|
12,184,750
|
|
457,802
|
|
1,356,620
|
|
12,635,932
|
|
13,992,552
|
1998
|
|
Sep., 2007
|
|||||||||||||||||||
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||||
|
|
33,464,271
|
|
21,343,092
|
|
128,209,539
|
|
46,745,182
|
|
24,146,136
|
|
172,151,677
|
|
196,297,813
|
a
|
|
|||||||||||||||||||
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||||
|
|
2011
|
|
2010
|
2009
|
||||||||||
|
a
|
Balance at beginning of year
|
|
194,140,941
|
|
211,091,543
|
245,808,214
|
||||||||
|
Improvements, etc.
|
|
2,156,872
|
|
3,415,791
|
3,385,840
|
|||||||||
|
Sale
|
|
—
|
|
|
(20,366,393
|
)
|
(38,102,511
|
)
|
||||||
|
|
|
|||||||||||||
|
Balance at end of year
|
|
196,297,813
|
|
194,140,941
|
211,091,543
|
|||||||||
|
|
|
|||||||||||||
|
b
|
Net of an unamortized discount of $4,956
|
|
|
|||||||||||
Report of Independent Registered Public Accounting Firm on
Financial Statement Schedules
To the Partners of
The Prudential Variable Contract Real Property Partnership:
Our audits of the consolidated financial statements referred to in our report dated March 6, 2012 appearing in the Annual Report on Form 10-K also included an audit of the financial statement schedules exhibited in this Form S-1.
In our opinion, these financial statement schedules present fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements.
PricewaterhouseCoopers LLP
New York, New York
March 19, 2012