<PAGE>
                                                                    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
------------------------------------------   ------------  -----------   ------------  ------------   -----------   ------------
<S>                                          <C>           <C>           <C>           <C>            <C>           <C>
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
------------------------------------------   ------------   ------------   -----------  ---------------
<S>                                          <C>                  <C>      <C>          <C>
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>
<S>                                                   <C>
                  Building and improvements           39 years
                  Tenant improvements                 Terms of leases
</Table>



<PAGE>



                          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>
<S>                                                                              <C>
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.