Real Estate Owned
THE PRUDENTIAL VARIABLE CONTRACT REAL PROPERTY PARTNERSHIP
SCHEDULE III - REAL ESTATE OWNED: PROPERTIES
DECEMBER 31, 2000
- ---------------------------------------------------------------------------------------------
Intial Costs to the Partnership
-------------------------------------------- Costs
Capitalized
Building & Subsequent to
Description Encumbrances Land Improvements Acquisition
- ----------- ------------ ---- ------------ -----------
Properties:
Office Building
Lisle, IL None 1,780,000 15,743,881 4,743,541
Garden Apartments
Atlanta, GA None 3,631,212 11,168,904 867,238 (b)
Retail Shopping Center
Roswell, GA None 9,454,622 21,513,677 1,564,753
Office Building
Morristown, NJ None 2,868,660 12,958,451 4,646,664
Office/Warehouse
Bolingbrook, IL None 1,373,199 7,302,518 337,121
Garden Apartments
Raleigh, NC None 1,623,146 14,135,553 88,761
Office Building
Brentwood, TN None 1,797,000 6,588,451 1,272,336
Office Park
Oakbrook Terrace, IL None 1,313,310 11,316,883 391,058
Office Building
Beaverton, OR None 816,415 9,897,307 511,318
Industrial Building
Salt Lake City, UT None 582,457 4,805,676 252,576
Industrial Building
Aurora, CO None 1,338,175 7,202,411 1,590,772
Office Complex
Brentwood, TN None 2,425,000 7,063,755 120,378
-------------- ------------ ------------
29,003,196 129,697,467 16,386,516
============== ============ ============
THE PRUDENTIAL VARIABLE CONTRACT REAL PROPERTY PARTNERSHIP
SCHEDULE III - REAL ESTATE OWNED: PROPERTIES
DECEMBER 31, 2000
- ----------------------------------------------------------------------------------------------------------------------------------
Gross Amount at Which
Carried at Close of Year
-----------------------------------------------------------------------------------------------
Building & 2000 Year of Date
Description Land Improvements Sales Total (a)(b)(c) Construction Acquired
- ----------- ---- ------------ ----- --------------- ------------ --------
Properties:
Office Building
Lisle, IL 1,780,000 20,487,422 22,267,422 1985 Apr., 1988
Garden Apartments
Atlanta, GA 3,631,212 12,036,142 15,667,354 1987 Apr., 1988
Retail Shopping Center
Roswell, GA 9,500,725 23,032,328 32,533,052 1988 Jan., 1989
Office Building
Morristown, NJ 2,868,660 17,605,115 (20,473,775) (0) 1981 Aug., 1988
Office/Warehouse
Bolingbrook, IL 1,373,199 7,639,639 9,012,838 1989 Feb., 1990
Garden Apartments
Raleigh, NC 1,623,146 14,224,314 15,847,460 1995 Jun., 1995
Office Building
Brentwood, TN 1,797,377 7,860,410 9,657,787 1982 Oct., 1995
Office Park
Oakbrook Terrace, IL 1,313,821 11,707,430 13,021,251 1988 Dec., 1995
Office Building
Beaverton, OR 844,751 10,380,289 11,225,040 1995 Dec., 1996
Industrial Building
Salt Lake City, UT 702,323 4,938,386 5,640,709 1997 Jul., 1997
Industrial Building
Aurora, CO 1,415,159 8,716,199 10,131,358 1997 Sep., 1997
Office Complex
Brentwood, TN 2,453,117 7,156,016 9,609,133 1987 Oct., 1997
------------ ------------- ------------ -------------
29,303,489 145,783,690 (20,473,775) 154,613,404
============ ============= ============ =============
2000 1999 1998
------------ ------------ ------------
(a) Balance at beginning of year 172,606,825 170,045,055 201,670,248
Additions:
Acquistions 0 0 0
Improvements, etc. 2,480,354 2,561,770 5,827,888
Deletions:
Sale (20,473,775) 0 (37,453,081)
------------ ------------ ------------
Balance at end of year 154,613,404 172,606,825 170,045,055
============ ============ ============
(b) Net of $1,000,000 settlement received from lawsuit.
Page 1
Interest in Properties
THE PRUDENTIAL VARIABLE CONTRACT REAL PROPERTY PARTNERSHIP
SCHEDULE III - REAL ESTATE OWNED: PROPERTIES
DECEMBER 31, 2000
- ---------------------------------------------------------------------------------------------
Intial Costs to the Partnership
-------------------------------------------- Costs
Capitalized
Encumbrances Building & Subsequent to
Description at 12/31/00 Land Improvements Acquisition
- ----------- ------------ ---- ------------ -----------
Interest in Properties:
Garden Apartments
Jacksonville, FL 10,092,355 2,750,000 14,650,743 1,734,803
Retail Shopping Center
Kansas City MO and KS* 15,597,146 5,710,916 15,211,504 660,508
----------- ------------ ------------ ----------
25,689,500 8,460,916 29,862,247 2,395,311
=========== ============ ============ ==========
THE PRUDENTIAL VARIABLE CONTRACT REAL PROPERTY PARTNERSHIP
SCHEDULE III - REAL ESTATE OWNED: PROPERTIES
DECEMBER 31, 2000
- ----------------------------------------------------------------------------------------------------------------------------------
Gross Amount at Which
Carried at Close of Year
-----------------------------------------------------------------------------------------------
Building & 2000 Year of Date
Description Land Improvements Sales Total (a)(b)(c) Construction Acquired
- ----------- ---- ------------ ----- --------------- ------------ --------
Interest in Properties:
Garden Apartments
Jacksonville, FL 2,750,000 16,385,546 19,135,546 1973 Sept., 1999
Retail Shopping Center
Kansas City MO and KS* 5,637,699 15,406,191 21,043,890 Various Ranging Sept., 1999
From 1972-1992
--------- ------------ ------- -----------
8,387,699 31,791,737 0 40,179,436
========= ============ ======= ===========
2000 1999 1998
----------- ---------- --------
(a) Balance at beginning of year 22,587,869 0 0
Additions:
Acquistions 0 38,556,018 0
Improvements, etc. 2,162,457 0 0
Deletions:
Sale 0 0 0
Encumbrances on Joint Ventures
accounted for by the equity method 371,003 (15,968,149) 0
----------- ----------- ---------
Balance at end of year 25,121,329 22,587,869 0
=========== =========== =========
* Partnership interest accounted for by the equity method.