Exhibit 99.1

SCHEDULE III

CONSOLIDATED REAL ESTATE AND ACCUMULATED DEPRECIATION

(Dollars in thousands)



|        |  |                               |      |                                   |                        |              |                |                                          |               |                                           |           |                                           |                        |                       |       |              |   |  |   |         |  |   |           |  |   |           |  |   |        |  |                |  |     
|------- |  | ----------------------------- | ---- | --------------------------------- | ---------------------- | ------------ | -------------- | ---------------------------------------- | ------------- | ----------------------------------------- | --------- | ----------------------------------------- | ---------------------- | --------------------- | ----- | ------------ | - |  | - | ------- |  | - | --------- |  | - | --------- |  | - | ------ |  | -------------- |  | ----
|AssetID |  | Property Name                 |      | Encum- brances atDecember 31,2006 |                        | Initial Cost |                | Cost CapitalizedSubsequent toAcquisition |               | Gross Carrying Amount at December 31,2006 |           | AccumulatedDepreciationatDecember 31,2006 |                        | Year Built /Renovated |       | YearAcquired
|        |  |                               | Land |                                   | Building &Improvements |              | Improve- ments |                                          | CarryingCosts |                                           | Land      |                                           | Building &Improvements |                       | Total |              |   | 
|        |  | Office Properties             |      |                                   |                        |              |                |                                          |               |                                           |           |                                           |                        |                       |       |              |   |  |   |         |  |   |           |  |   |           |  |   |        |  |                |  |     
|4503    |  | Bundy Olympic                 |      | $                                 | 24,979                 |              | $              | 4,201                                    |               | $                                         | 11,860    |                                           | $                      | 27,193                |       | $            |  |  | $ | 6,030   |  | $ | 37,224    |  | $ | 43,254    |  | $ | 235    |  | 1991/1998      |  | 1994
|4502    |  | The Gateway Building          |      |                                   | 34,434                 |              |                | 2,376                                    |               |                                           | 15,302    |                                           |                        | 43,578                |       |              |  |  |   | 5,119   |  |   | 56,137    |  |   | 61,256    |  |   | 343    |  | 1987           |  | 1994
|4501    |  | Village on Canon              |      |                                   | 1,316                  |              |                | 5,933                                    |               |                                           | 11,389    |                                           |                        | 46,874                |       |              |  |  |   | 13,303  |  |   | 50,893    |  |   | 64,196    |  |   | 286    |  | 1989/1995      |  | 1994
|4504    |  | Brentwood Executive Plaza     |      |                                   | 25,235                 |              |                | 3,255                                    |               |                                           | 9,654     |                                           |                        | 31,653                |       |              |  |  |   | 5,921   |  |   | 38,641    |  |   | 44,562    |  |   | 253    |  | 1983/1996      |  | 1995
|4952    |  | Camden Medical Arts           |      |                                   | 845                    |              |                | 3,102                                    |               |                                           | 12,221    |                                           |                        | 27,061                |       |              |  |  |   | 5,298   |  |   | 37,086    |  |   | 42,384    |  |   | 223    |  | 1972/1992      |  | 1995
|4951    |  | Executive Tower               |      |                                   |                       |              |                | 6,660                                    |               |                                           | 32,045    |                                           |                        | 56,501                |       |              |  |  |   | 9,471   |  |   | 85,735    |  |   | 95,206    |  |   | 587    |  | 1989           |  | 1995
|4953    |  | Palisades Promenade           |      |                                   | 36,970                 |              |                | 5,253                                    |               |                                           | 15,547    |                                           |                        | 49,764                |       |              |  |  |   | 9,664   |  |   | 60,900    |  |   | 70,564    |  |   | 370    |  | 1990           |  | 1995
|4506    |  | Studio Plaza                  |      |                                   | 124,895                |              |                | 9,347                                    |               |                                           | 73,358    |                                           |                        | 128,815               |       |              |  |  |   | 15,015  |  |   | 196,505   |  |   | 211,520   |  |   | 1,466  |  | 1988/2004      |  | 1995
|4955    |  | First Federal                 |      |                                   | 79,741                 |              |                | 9,989                                    |               |                                           | 29,187    |                                           |                        | 109,629               |       |              |  |  |   | 21,787  |  |   | 127,018   |  |   | 148,805   |  |   | 758    |  | 1981/2000      |  | 1996
|4954    |  | Wilshire Brentwood Plaza      |      |                                   | 61,702                 |              |                | 5,013                                    |               |                                           | 34,283    |                                           |                        | 69,803                |       |              |  |  |   | 8,828   |  |   | 100,271   |  |   | 109,099   |  |   | 569    |  | 1985           |  | 1996
|4956    |  | Landmark II                   |      |                                   | 115,372                |              |                | 19,156                                   |               |                                           | 109,259   |                                           |                        | 67,527                |       |              |  |  |   | 26,139  |  |   | 169,803   |  |   | 195,942   |  |   | 1,018  |  | 1989           |  | 1997
|5302    |  | Olympic Center                |      |                                   | 27,926                 |              |                | 5,473                                    |               |                                           | 22,850    |                                           |                        | 28,666                |       |              |  |  |   | 8,247   |  |   | 48,742    |  |   | 56,989    |  |   | 311    |  | 1985/1996      |  | 1997
|5053    |  | Saltair San Vicente           |      |                                   | 451                    |              |                | 5,075                                    |               |                                           | 6,946     |                                           |                        | 15,803                |       |              |  |  |   | 7,557   |  |   | 20,267    |  |   | 27,824    |  |   | 134    |  | 1964/1992      |  | 1997
|5052    |  | Second Street                 |      |                                   | 26,720                 |              |                | 4,377                                    |               |                                           | 15,277    |                                           |                        | 32,111                |       |              |  |  |   | 7,421   |  |   | 44,344    |  |   | 51,765    |  |   | 274    |  | 1991           |  | 1997
|5060    |  | Sherman Oaks Galleria         |      |                                   | 244,080                |              |                | 33,213                                   |               |                                           | 17,820    |                                           |                        | 398,670               |       |              |  |  |   | 48,328  |  |   | 401,375   |  |   | 449,703   |  |   | 2,792  |  | 1981/2002      |  | 1997
|5054    |  | Tower at Sherman Oaks         |      |                                   | 910                    |              |                | 4,712                                    |               |                                           | 15,747    |                                           |                        | 33,622                |       |              |  |  |   | 8,685   |  |   | 45,396    |  |   | 54,081    |  |   | 302    |  | 1967/1991      |  | 1997
|5051    |  | The Verona                    |      |                                   | 525                    |              |                | 2,574                                    |               |                                           | 7,111     |                                           |                        | 13,322                |       |              |  |  |   | 5,111   |  |   | 17,896    |  |   | 23,007    |  |   | 117    |  | 1991           |  | 1997
|5314    |  | Coral Plaza                   |      |                                   | 20,066                 |              |                | 4,028                                    |               |                                           | 15,019    |                                           |                        | 16,804                |       |              |  |  |   | 5,366   |  |   | 30,485    |  |   | 35,851    |  |   | 191    |  | 1981           |  | 1998
|5313    |  | MB Plaza                      |      |                                   | 31,185                 |              |                | 4,533                                    |               |                                           | 22,024    |                                           |                        | 27,038                |       |              |  |  |   | 7,503   |  |   | 46,092    |  |   | 53,595    |  |   | 305    |  | 1971/1996      |  | 1998
|5308    |  | Valley Executive Tower        |      |                                   | 91,892                 |              |                | 8,446                                    |               |                                           | 67,672    |                                           |                        | 91,567                |       |              |  |  |   | 11,737  |  |   | 155,948   |  |   | 167,685   |  |   | 946    |  | 1984           |  | 1998
|5312    |  | Valley Office Plaza           |      |                                   | 40,642                 |              |                | 5,731                                    |               |                                           | 24,329    |                                           |                        | 41,860                |       |              |  |  |   | 8,957   |  |   | 62,963    |  |   | 71,920    |  |   | 392    |  | 1966 2002      |  | 1998
|5307    |  | Westside Towers               |      |                                   | 74,383                 |              |                | 8,506                                    |               |                                           | 79,532    |                                           |                        | 70,238                |       |              |  |  |   | 14,568  |  |   | 143,708   |  |   | 158,276   |  |   | 856    |  | 1985           |  | 1998
|5351    |  | 100 Wilshire                  |      |                                   | 136,713                |              |                | 12,769                                   |               |                                           | 78,447    |                                           |                        | 131,351               |       |              |  |  |   | 27,108  |  |   | 195,459   |  |   | 222,567   |  |   | 1,126  |  | 1968/2002      |  | 1999
|4957    |  | 11777 San Vicente             |      |                                   | 25,815                 |              |                | 5,032                                    |               |                                           | 15,768    |                                           |                        | 26,589                |       |              |  |  |   | 6,714   |  |   | 40,675    |  |   | 47,389    |  |   | 228    |  | 1974/1998      |  | 1999
|5310    |  | Century Park Plaza            |      |                                   | 93,107                 |              |                | 10,275                                   |               |                                           | 70,761    |                                           |                        | 100,918               |       |              |  |  |   | 16,153  |  |   | 165,801   |  |   | 181,954   |  |   | 1,008  |  | 1972/1987      |  | 1999
|5309    |  | Encino Terrace                |      |                                   | 76,683                 |              |                | 12,535                                   |               |                                           | 59,554    |                                           |                        | 86,320                |       |              |  |  |   | 15,533  |  |   | 142,876   |  |   | 158,409   |  |   | 885    |  | 1986           |  | 1999
|5311    |  | One Westwood                  |      |                                   | 1,452                  |              |                | 2,376                                    |               |                                           | 29,784    |                                           |                        | 57,759                |       |              |  |  |   | 1,179   |  |   | 88,740    |  |   | 89,919    |  |   | 545    |  | 1987/2004      |  | 1999
|9800    |  | Westwood Place                |      |                                   | 54,190                 |              |                | 8,542                                    |               |                                           | 44,419    |                                           |                        | 48,317                |       |              |  |  |   | 11,448  |  |   | 89,830    |  |   | 101,278   |  |   | 529    |  | 1987           |  | 1999
|5356    |  | Brentwood Saltair             |      |                                   | 458                    |              |                | 4,468                                    |               |                                           | 11,615    |                                           |                        | 9,639                 |       |              |  |  |   | 4,775   |  |   | 20,947    |  |   | 25,722    |  |   | 136    |  | 1986           |  | 2000
|5354    |  | Encino Gateway                |      |                                   | 54,889                 |              |                | 8,475                                    |               |                                           | 48,525    |                                           |                        | 47,006                |       |              |  |  |   | 15,653  |  |   | 88,353    |  |   | 104,006   |  |   | 554    |  | 1974/1998      |  | 2000
|5355    |  | Encino Plaza                  |      |                                   | 33,621                 |              |                | 5,293                                    |               |                                           | 23,125    |                                           |                        | 39,883                |       |              |  |  |   | 6,165   |  |   | 62,136    |  |   | 68,301    |  |   | 387    |  | 1971/1992      |  | 2000
|5315    |  | Lincoln Wilshire              |      |                                   | 21,727                 |              |                | 3,833                                    |               |                                           | 12,484    |                                           |                        | 20,797                |       |              |  |  |   | 7,475   |  |   | 29,639    |  |   | 37,114    |  |   | 160    |  | 1996           |  | 2000
|5403    |  | 1901 Avenue of the Stars      |      |                                   | 148,766                |              |                | 18,514                                   |               |                                           | 131,752   |                                           |                        | 98,456                |       |              |  |  |   | 26,163  |  |   | 222,559   |  |   | 248,722   |  |   | 1,306  |  | 1968/2001      |  | 2001
|5404    |  | Camden/9601 Wilshire          |      |                                   | 3,226                  |              |                | 16,597                                   |               |                                           | 54,774    |                                           |                        | 97,927                |       |              |  |  |   | 17,658  |  |   | 151,640   |  |   | 169,298   |  |   | 1,061  |  | 1962/2004      |  | 2001
|5402    |  | Columbus Center               |      |                                   | 11,404                 |              |                | 2,096                                    |               |                                           | 10,396    |                                           |                        | 8,066                 |       |              |  |  |   | 2,333   |  |   | 18,225    |  |   | 20,558    |  |   | 118    |  | 1987           |  | 2001
|5401    |  | Santa Monica Square           |      |                                   | 817                    |              |                | 5,366                                    |               |                                           | 18,025    |                                           |                        | 18,579                |       |              |  |  |   | 6,863   |  |   | 35,107    |  |   | 41,970    |  |   | 229    |  | 1983/2004      |  | 2001
|5410    |  | Warner Center Towers          |      |                                   | 374,330                |              |                | 43,110                                   |               |                                           | 292,147   |                                           |                        | 354,831               |       |              |  |  |   | 59,421  |  |   | 630,667   |  |   | 690,088   |  |   | 3,915  |  | 1982-1993/2004 |  | 2002
|5451    |  | Beverly Hills Medical Center  |      |                                   | 28,361                 |              |                | 4,955                                    |               |                                           | 27,766    |                                           |                        | 25,817                |       |              |  |  |   | 6,435   |  |   | 52,103    |  |   | 58,538    |  |   | 319    |  | 1964/2004      |  | 2004
|5477    |  | Bishop Place                  |      |                                   | 86,922                 |              |                | 8,317                                    |               |                                           | 105,651   |                                           |                        | 46,132                |       |              |  |  |   | 8,833   |  |   | 151,267   |  |   | 160,100   |  |   | 909    |  | 1992           |  | 2004
|5471    |  | Harbor Court                  |      |                                   | 23,475                 |              |                | 51                                       |               |                                           | 41,001    |                                           |                        | 19,091                |       |              |  |  |   |        |  |   | 60,143    |  |   | 60,143    |  |   | 389    |  | 1994           |  | 2004
|5452    |  | The Trillium                  |      |                                   |                       |              |                | 20,688                                   |               |                                           | 143,263   |                                           |                        | 69,237                |       |              |  |  |   | 21,989  |  |   | 211,199   |  |   | 233,188   |  |   | 1,251  |  | 1988           |  | 2005
|2200    |  | Brentwood Court               |      |                                   | 6,686                  |              |                | 2,564                                    |               |                                           | 8,872     |                                           |                        | 28                    |       |              |  |  |   | 2,563   |  |   | 8,901     |  |   | 11,464    |  |   | 59     |  | 1984           |  | 2006
|2500    |  | Brentwood Medical Plaza       |      |                                   | 23,957                 |              |                | 5,934                                    |               |                                           | 27,836    |                                           |                        | 76                    |       |              |  |  |   | 5,933   |  |   | 27,913    |  |   | 33,846    |  |   | 182    |  | 1975           |  | 2006
|2600    |  | Brentwood San Vicente Medical |      |                                   | 13,690                 |              |                | 5,557                                    |               |                                           | 16,457    |                                           |                        | 20                    |       |              |  |  |   | 5,557   |  |   | 16,477    |  |   | 22,034    |  |   | 102    |  | 1957/1985      |  | 2006
|8700    |  | San Vicente Plaza             |      |                                   | 10,722                 |              |                | 7,055                                    |               |                                           | 12,035    |                                           |                        |                      |       |              |  |  |   | 7,055   |  |   | 12,035    |  |   | 19,090    |  |   | 93     |  | 1985           |  | 2006
|        |  | Multifamily Properties        |      |                                   |                        |              |                |                                          |               |                                           |           |                                           |                        |                       |       |              |   |  |   |         |  |   |           |  |   |           |  |   |        |  |                |  |     
|1626    |  | Barrington Plaza              |      |                                   | 117,600                |              |                | 28,568                                   |               |                                           | 81,485    |                                           |                        | 140,895               |       |              |  |  |   | 58,208  |  |   | 192,740   |  |   | 250,948   |  |   | 1,101  |  | 1963/1998      |  | 1998
|5362    |  | Barrington 555                |      |                                   | 35,900                 |              |                | 6,461                                    |               |                                           | 27,639    |                                           |                        | 39,716                |       |              |  |  |   | 14,903  |  |   | 58,913    |  |   | 73,816    |  |   | 329    |  | 1989           |  | 1999
|1627    |  | Pacific Plaza                 |      |                                   | 35,400                 |              |                | 10,091                                   |               |                                           | 16,159    |                                           |                        | 71,034                |       |              |  |  |   | 27,816  |  |   | 69,468    |  |   | 97,284    |  |   | 364    |  | 1963/1998      |  | 1999
|5363    |  | The Shores                    |      |                                   | 104,100                |              |                | 20,809                                   |               |                                           | 74,191    |                                           |                        | 193,782               |       |              |  |  |   | 60,555  |  |   | 228,227   |  |   | 288,782   |  |   | 1,188  |  | 1965-67/2002   |  | 1999
|5546    |  | Moanalua Hillside             |      |                                   | 75,000                 |              |                | 24,720                                   |               |                                           | 85,895    |                                           |                        | 36,592                |       |              |  |  |   | 35,294  |  |   | 111,913   |  |   | 147,207   |  |   | 615    |  | 1968/2004      |  | 2005
|5521    |  | The Villas at Royal Kunia     |      |                                   | 82,000                 |              |                | 42,887                                   |               |                                           | 71,376    |                                           |                        | 13,042                |       |              |  |  |   | 35,163  |  |   | 92,142    |  |   | 127,305   |  |   | 580    |  | 1990/1991/1995 |  | 2006
|1600    |  | Barrington/Kiowa Apartments   |      |                                   |                       |              |                | 5,720                                    |               |                                           | 10,052    |                                           |                        |                      |       |              |  |  |   | 5,720   |  |   | 10,052    |  |   | 15,772    |  |   | 56     |  | 1974           |  | 2006
|1700    |  | Barry Apartments              |      |                                   |                       |              |                | 6,426                                    |               |                                           | 8,179     |                                           |                        |                      |       |              |  |  |   | 6,426   |  |   | 8,179     |  |   | 14,605    |  |   | 50     |  | 1973           |  | 2006
|6600    |  | Kiowa Apartments              |      |                                   |                       |              |                | 2,605                                    |               |                                           | 3,263     |                                           |                        |                      |       |              |  |  |   | 2,605   |  |   | 3,263     |  |   | 5,868     |  |   | 19     |  | 1972           |  | 2006
|        |  | Ground Lease                  |      |                                   |                        |              |                |                                          |               |                                           |           |                                           |                        |                       |       |              |   |  |   |         |  |   |           |  |   |           |  |   |        |  |                |  |     
|8304    |  | Owensmouth /Warner            |      |                                   | 14,720                 |              |                | 23,848                                   |               |                                           |          |                                           |                        |                      |       |              |  |  |   | 23,848  |  |   |          |  |   | 23,848    |  |   |       |  | N/A            |  | 2006
|        |  |                               |      |                                   |                        |              |                |                                          |               |                                           |           |                                           |                        |                       |       |              |   |  |   |         |  |   |           |  |   |           |  |   |        |  |                |  |     
|        |  | TOTAL                         |      | $                                 | 2,760,000              |              | $              | 547,490                                  |               | $                                         | 2,311,128 |                                           | $                      | 3,229,999             |       | $            |  |  | $ | 813,599 |  | $ | 5,275,018 |  | $ | 6,088,617 |  | $ | 32,521 |  |                |  |     
|        |  |                               |      |                                   |                        |              |                |                                          |               |                                           |           |                                           |                        |                       |       |              |   |  |   |         |  |   |           |  |   |           |  |   |        |  |                |  |     



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The following is a reconciliation of real estate assets and accumulated depreciation:



|                                 |  |                         |           |   |      |   |           |      |  |   |           |  
|-------------------------------- |  | ----------------------- | --------- | - | ---- | - | --------- | ---- |  | - | --------- | -
|                                 |  | Year ended December 31, |          
|                                 |  | 2006                    |           |   | 2005 |   |           | 2004 | 
|Real Estate Assets               |  |                         |           |   |      |   |           |      |  |   |           |  
|Balance, beginning of period     |  | $                       | 3,128,742 |   |      | $ | 2,804,208 |      |  | $ | 2,550,279 |  
|Additionsproperty acquisitions  |  |                         | 260,666   |   |      |   | 274,205   |      |  |   | 187,779   |  
|improvements                    |  |                         | 52,577    |   |      |   | 50,329    |      |  |   | 100,336   |  
|Purchase accounting              |  |                         | 2,646,632 |   |      |   |          |      |  |   |          |  
|Deductionsproperty dispositions |  |                         |          |   |      |   |          |      |  |   | (34,186   | )
|                                 |  |                         |           |   |      |   |           |      |  |   |           |  
|Balance, end of period           |  | $                       | 6,088,617 |   |      | $ | 3,128,742 |      |  | $ | 2,804,208 |  
|                                 |  |                         |           |   |      |   |           |      |  |   |           |  
|Accumulated Depreciation         |  |                         |           |   |      |   |           |      |  |   |           |  
|Balance, beginning of period     |  | $                       | (506,258  | ) |      | $ | (405,228  | )    |  | $ | (325,674  | )
|Additionsdepreciation           |  |                         | (121,620  | ) |      |   | (106,282  | )    |  |   | (88,082   | )
|Purchase accounting              |  |                         | 595,357   |   |      |   |          |      |  |   |          |  
|Deductionsdisposals             |  |                         |          |   |      |   | 5,252     |      |  |   | 8,528     |  
|                                 |  |                         |           |   |      |   |           |      |  |   |           |  
|Balance, end of period           |  | $                       | (32,521   | ) |      | $ | (506,258  | )    |  | $ | (405,228  | )
|                                 |  |                         |           |   |      |   |           |      |  |   |           |  



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Report of Independent Registered Public Accounting Firm

The Board of Directors and Stockholders of

Douglas Emmett, Inc.

We have audited the consolidated balance sheet of Douglas Emmett, Inc. (the Company) as of December 31, 2006, and the consolidated
balance sheet of Douglas Emmett Realty Advisors, Inc. and subsidiaries (the predecessor) as of December 31, 2005 and the related consolidated statements of operations, stockholders equity (deficit), and cash flows for the
period from January 1, 2006 through October 30, 2006 (representing the predecessor), and for the period from October 31, 2006 through December 31, 2006 (representing the Company), and for the years ended December 31, 2005,
and December 31, 2004 (representing the predecessor) all included in the Companys Form 10-K filed on April 2, 2007, and have issued our report thereon dated March 19, 2007. Our audits of the financial statements described above
also included the financial statement schedule listed as Exhibit 99.1 of Item 6 of the Companys Form 10-Q filed for the quarter ended September 30, 2007. This schedule is the responsibility of the Companys management. Our
responsibility is to express an opinion on the financial statement schedule based on our audits.

In our opinion, the financial statement schedule referred
to above, when considered in relation to the basic financial statements taken as a whole, presents fairly in all material respects the information set forth therein.

/s/ Ernst & Young LLP

Los Angeles, California

March 19, 2007