EXHIBIT 99.1
3333 HOLDING CORPORATION AND
CENTEX DEVELOPMENT COMPANY, L.P.
REAL ESTATE AND ACCUMULATED DEPRECIATION
SCHEDULE III
MARCH 31, 2003
(DOLLARS IN THOUSANDS)
<Table>
<Caption>
Column A Column B Column C Column D Column E
- ------------------------------------------ ------------ -------------------------- -------------------------- ------------
Cost
Capitalized Gross Amount at
Subsequent to Which Carried at
Initial Cost to Company Acquisition Close of Period
-------------------------- ------------- --------------------------
Buildings & Land & Buildings &
Description Encumbrances Land Improvements Improvements Land Improvements
- ------------------------------------------ ------------ ----------- ------------ ------------ ----------- ------------
Charlotte, North Carolina
Westlake I - Industrial Building $ 1,671 $ 341 $ -- $ 1,626 $ 341 $ 1,626
Westlake II - Industrial Building 4,703 486 -- 4,896 486 4,896
Westlake III - Industrial Building 3,562 439 -- 3,601 441 3,599
Westlake IV - Industrial Building 11,762 1,413 -- 12,056 1,502 11,587
Westlake V - Industrial Building 4,823 625 -- 4,704 628 4,701
Westlake VI - Industrial Building 2,847 1,252 -- 2,729 1,252 2,729
Westlake VIII - Industrial Building 12,924 3,728 -- 11,478 3,814 11,392
Camarillo, California
Camarillo Business Center--Industrial
Building 5,500 1,206 6,119 1 1,206 6,120
Land held for development and sale 1,500 2,398 -- 37 2,435 --
Land held for development and sale 690 4,651 -- 2,495 5,248 --
Palm Coast, Florida
Land held for development and sale -- 21,095 -- -- 4,302 --
Waikoloa, Hawaii
Land held for development and sale 25,175 33,029 -- -- 27,619 --
Gardner, Massachusetts
Summit I - Industrial Building 1,829 205 -- 2,155 205 2,155
Ann Arbor, Michigan
State Street 11-12 - Office Building 2,278 1,210 -- 2,725 1,309 2,625
Land held for development and sale 441 897 -- (56) 841 --
Myrtle Beach, South Carolina
Land held for development and sale 6,460 11,550 -- -- 6,874 --
Dallas, Texas
Citymark I - Office Building 17,803 5,677 18,988 278 5,677 19,266
Grand Prairie, Texas
Hilltop - Industrial Building 4,289 2,013 -- 4,553 2,061 4,505
Lewisville, Texas
Vista Ridge Marketplace - Retail Center 4,996 5,324 -- 3,804 5,327 3,801
----------- ----------- ----------- ----------- ----------- -----------
$ 113,253 $ 97,539 $ 25,107 $ 57,082 $ 71,568 $ 79,002
=========== =========== =========== =========== =========== ===========
<Caption>
Column A Column F Column G Column H Column I
- ------------------------------------------ ------------ ------------ ----------- ---------------
Life on Which
Depreciation in
Fiscal Fiscal Latest Income
Accumulated Year Year Statements is
Description Depreciation Constructed Acquired is Computed
- ------------------------------------------ ------------ ------------ ----------- ---------------
Charlotte, North Carolina
Westlake I - Industrial Building $ 256 1999 (1)
Westlake II - Industrial Building 487 2000 (1)
Westlake III - Industrial Building 253 2001 (1)
Westlake IV - Industrial Building 613 2001 (1)
Westlake V - Industrial Building 340 2001 (1)
Westlake VI - Industrial Building 105 2002 (1)
Westlake VIII - Industrial Building 356 2002 (1)
Camarillo, California
Camarillo Business Center--Industrial
Building 248 2002 (1)
Land held for development and sale -- 2002
Land held for development and sale -- 1998
Palm Coast, Florida
Land held for development and sale -- 2002
Waikoloa, Hawaii
Land held for development and sale -- 2002
Gardner, Massachusetts
Summit I - Industrial Building 183 2000 (1)
Ann Arbor, Michigan
State Street 11-12 - Office Building -- 2002 (1)
Land held for development and sale -- 2000
Myrtle Beach, South Carolina
Land held for development and sale -- 2002
Dallas, Texas
Citymark I - Office Building 1,671 2000 (1)
Grand Prairie, Texas
Hilltop - Industrial Building 47 2003
Lewisville, Texas
Vista Ridge Marketplace - Retail Center 83 2003
-----------
$ 4,642
===========
</Table>
(1) Depreciation of the real estate assets is calculated over the following
estimated useful lives using the straight-line method:
<Table>
Building and improvements 39 years
Tenant improvements Terms of leases
</Table>
3333 HOLDING CORPORATION AND
CENTEX DEVELOPMENT COMPANY, L.P.
REAL ESTATE AND ACCUMULATED DEPRECIATION
NOTE TO SCHEDULE III
March 31, 2003
(DOLLARS IN THOUSANDS)
<Table>
Balance at beginning of period $ 226,080
Additions during period:
Acquisitions through foreclosure --
Other acquisitions --
Improvements etc. 23,587
Other --
-------------
$ 23,587
-------------
Deductions during period:
Cost of real estate sold (91,325)
Other (7,772)(a)
-------------
(99,097)
-------------
Balance at close of period $ 150,570
=============
</Table>
(a) Represents the transfer of land into Projects Under Development and the
disposition of a property in an exchange.