EXHIBIT 99.1

W. P. Carey & Co. LLC
Supplemental Operating and Financial Data

For the Three and Six Months Ended
June 30, 2008

Important Disclosures About this Supplemental Package

As used in this supplemental package, the terms “the Company,” “we,” “us” and “our” include W. P. Carey & Co. LLC, its consolidated subsidiaries and predecessors, unless otherwise indicated.

Important Note Regarding Non-GAAP Financial Measures

This supplemental package includes non-GAAP financial measures, including earnings before interest, taxes, depreciation and amortization (“EBITDA”), funds from operations (“FFO”), adjusted cash flow from operations, revenue diversification analysis and revenue stability analysis. A description of these non-GAAP financial measures and reconciliations to the most directly comparable GAAP measures are provided in this supplemental package.

Forward-Looking Statements

This supplemental package contains forward-looking statements within the meaning of the Federal securities laws. It is important to note that our actual results could be materially different from those projected in such forward-looking statements. You should exercise caution in relying on forward-looking statements as they involve known and unknown risks, uncertainties and other factors that may materially affect our future results, performance, achievements or transactions. Information on factors which could impact actual results and forward-looking statements contained herein is included in our filings with the SEC, including but not limited to our Form 10-K for the year ended December 31, 2007. We do not undertake to revise or update any forward-looking statements.

2

W. P. CAREY & CO. LLC
Supplemental Operating and Financial Data

For the Three and Six Months Ended June 30, 2008

Contents
Company Overview	4
Financial Highlights	5
Reconciliation of Net Income to EBITDA	6
Reconciliation of Net Income to Funds From Operations (FFO)	7
Adjusted Cash Flow from Operating Activities	8
Revenue Diversification Analysis	9
Revenue Stability Analysis	10
Portfolio Debt Overview	11
Detailed Debt Summary	12
2008 Investments and Dispositions Activity	14
Portfolio Analysis — Rent Contribution and Historical Occupancy	15
Portfolio Diversification Analysis by Property Type	16
Portfolio Diversification Analysis by Tenant Industry	17
Portfolio Diversification Analysis by Geography	18
Portfolio Lease Maturity Analysis	19
Consolidated Balance Sheets	20
Consolidated Statements of Income	21
Consolidated Statements of Cash Flows	22
Detailed Property Summary	23

3

W. P. CAREY & CO. LLC

Company Overview

June 30, 2008

Key Company Contacts		Executive Offices
Wm. Polk Carey	Chairman of the Board and Director	50 Rockefeller Plaza
Gordon F. Dugan	President, Chief Executive Officer and Director	New York, NY 10020
Thomas E. Zacharias	Managing Director, Chief Operating Officer	Tel: 1-800-WPCAREY or (212) 492-1100
Mark J. DeCesaris	Managing Director, Acting Chief Financial Officer	Fax: (212) 492-8922
Susan C. Hyde	Managing Director, Director of Investor Relations	Web Site Address: www.wpcarey.com
Banks
Bank of America, N.A.	Administrative and Documentation Agent
The Bank of New York	Syndication Agent
JPMorgan Chase Bank, N.A.	Syndication Agent
PNC Bank, N.A.	Syndication Agent
Analyst Coverage
Everett Reveley	Davenport & Company, LLC
Stephanie M. Krewson	Janney Montgomery Scott LLC
Andrew T. Dizio	Janney Montgomery Scott LLC

	Second			First			Fourth			Third			Second
	Quarter			Quarter			Quarter			Quarter			Quarter
	2008			2008			2007			2007			2007
Stock Data (NYSE: WPC)
High Price	$	33.97		$	34.62		$	36.86		$	33.14		$	35.50
Low Price	$	27.67		$	25.79		$	31.02		$	27.67		$	29.71
Closing Price	$	28.71		$	29.97		$	33.20		$	31.50		$	31.45
Distributions declared per share – annualized (a)	$	1.95		$	1.93		$	1.91		$	1.89		$	1.87
Distribution yield (annualized distribution / closing stock price)		6.79	%		6.43	%		5.75	%		5.99	%		5.94	%
Shares outstanding at quarter end		39,656,675			39,536,581			39,216,493			38,583,229			39,129,982
Market value of outstanding shares at quarter end (in thousands)	$	1,138,543		$	1,184,911		$	1,301,988		$	1,215,372		$	1,230,638

(a) Fourth quarter 2007 excludes a special distribution of $0.27 per share that was paid in January 2008 to shareholders of record as of December 31, 2007. The special distribution was approved by our Board of Directors in connection with our corporate restructuring.

4

W. P. CAREY & CO. LLC

Financial Highlights (Unaudited)

(in thousands, except per share amounts)

These financial highlights include non-GAAP financial measures, including earnings before interest, taxes, depreciation and amortization (“EBITDA”), funds from operations (“FFO”) and adjusted cash flow from operations. A description of these non-GAAP financial measures and reconciliations to the most directly comparable GAAP measures is provided on the following pages.

	Three months ended											Six months ended June 30,
	June 30, 2008		March 31, 2008		December 31, 2007			September 30, 2007		June 30, 2007		2008			2007
EBITDA
Investment management	$	15,774	$	14,745	$	(3,906	)	$	19,961	$	63,517	$	30,519		$	75,090
Real estate ownership		22,307		20,634		31,123			17,454		22,318		42,941			39,756
Total	$	38,081	$	35,379	$	27,217		$	37,415	$	85,835	$	73,460		$	114,846
FFO
Investment management	$	14,664	$	5,461	$	(14,281	)	$	17,040	$	62,561	$	20,125		$	66,410
Real estate ownership		20,887		16,069		17,192			15,184		17,004		36,956			31,721
Total	$	35,551	$	21,530	$	2,911		$	32,224	$	79,565	$	57,081		$	98,131
EBITDA Per Share (Diluted)
Investment management	$	0.39	$	0.37	$	(0.10	)	$	0.50	$	1.59	$	0.76		$	1.88
Real estate ownership		0.56		0.51		0.78			0.44		0.56		1.06			1.00
Total	$	0.95	$	0.88	$	0.68		$	0.94	$	2.15	$	1.82		$	2.88
FFO Per Share (Diluted)
Investment management	$	0.36	$	0.14	$	(0.36	)	$	0.43	$	1.56	$	0.50		$	1.66
Real estate ownership		0.52		0.40		0.43			0.38		0.43		0.92			0.80
Total	$	0.88	$	0.54	$	0.07		$	0.81	$	1.99	$	1.42		$	2.46
Adjusted Cash Flow From Operating Activities
Adjusted cash flow												$	53,789		$	54,946
Adjusted cash flow per share (diluted)												$	1.34		$	1.38
Distributions declared per share												$	0.969		$	0.929
Payout ratio (distributions per share/adjusted cash flow per share)													72	%		67	%

5

W. P. CAREY & CO. LLC

Reconciliation of Net Income to EBITDA (Unaudited)

(in thousands, except share and per share amounts)

	Three months ended													Six months ended June 30,
	June 30, 2008			March 31, 2008		December 31, 2007			September 30, 2007			June 30, 2007		2008		2007
Investment Management
Net income	$	7,123		$	6,931	$	(12,366	)	$	12,685		$	32,100	$	14,054	$	36,489
Adjustments:
Provision for income taxes		7,556			6,784		2,473			11,171			30,376		14,340		36,514
Depreciation and amortization		1,095			1,030		5,987			(3,895	)		1,041		2,125		2,087
EBITDA — investment management	$	15,774		$	14,745	$	(3,906	)	$	19,961		$	63,517	$	30,519	$	75,090
EBITDA per share (diluted)	$	0.39		$	0.37	$	(0.10	)	$	0.50		$	1.59	$	0.76	$	1.88
Real Estate Ownership
Net income	$	12,725		$	10,170	$	18,379		$	7,724		$	9,930	$	22,895	$	16,341
Adjustments:
Interest expense		4,532			5,043		4,730			5,618			5,389		9,575		10,002
Provision for income taxes		(134	)		360		225			348			662		226		903
Depreciation and amortization		5,184			5,061		6,056			3,606			5,696		10,245		11,385
Reconciling items attributable to discontinued operations		—			—		1,733			158			641		—		1,125
EBITDA — real estate ownership	$	22,307		$	20,634	$	31,123		$	17,454		$	22,318	$	42,941	$	39,756
EBITDA per share (diluted)	$	0.56		$	0.51	$	0.78		$	0.44		$	0.56	$	1.06	$	1.00
Total Company
EBITDA	$	38,081		$	35,379	$	27,217		$	37,415		$	85,835	$	73,460	$	114,846
EBITDA per share (diluted)	$	0.95		$	0.88	$	0.68		$	0.94		$	2.15	$	1.82	$	2.88
Diluted weighted average shares outstanding		40,256,658			40,202,798		39,815,933			39,601,853			40,004,379		40,271,185		39,894,412

Non-GAAP Financial Disclosure

EBITDA as disclosed represents earnings before interest, taxes, depreciation and amortization. We believe that EBITDA is a useful supplemental measure for assessing the performance of our business segments, although it does not represent net income that is computed in accordance with GAAP. Accordingly, EBITDA should not be considered an alternative for net income as an indicator of our financial performance. EBITDA may not be comparable to similarly titled measures of other companies.

6

W. P. CAREY & CO. LLC

Reconciliation of Net Income to Funds From Operations (FFO) (Unaudited)

(in thousands, except share and per share amounts)

	Three months ended															Six months ended June 30,
	June 30, 2008			March 31, 2008			December 31, 2007			September 30, 2007			June 30, 2007			2008			2007
Investment Management
Net income	$	7,123		$	6,931		$	(12,366	)	$	12,685		$	32,100		$	14,054		$	36,489
Amortization, deferred taxes and other non-cash charges		4,041			(2,554	)		(2,466	)		7,114			28,261			1,487			25,546
FFO from equity investments		3,500			1,084			551			(2,759	)		2,200			4,584			4,375
FFO — investment management	$	14,664		$	5,461		$	(14,281	)	$	17,040		$	62,561		$	20,125		$	66,410
FFO per share (diluted)	$	0.36		$	0.14		$	(0.36	)	$	0.43		$	1.56		$	0.50		$	1.66
Real Estate Ownership
Net income	$	12,725		$	10,170		$	18,379		$	7,724		$	9,930		$	22,895		$	16,341
Gain on sale of real estate, net		—			—			(14,865	)		—			(962	)		—			(962	)
Depreciation, amortization and other non-cash charges		5,389			3,561			4,929			4,228			5,653			8,950			11,115
Straight-line and other rent adjustments		659			669			964			660			623			1,328			1,456
Impairment charges		—			—			1,017			2,317			—			—			—
FFO adjustment to earnings from equity investments		2,287			1,841			1,662			464			1,972			4,128			4,186
Minority investees’ share of FFO		(173	)		(172	)		5,106			(209	)		(212	)		(345	)		(415	)
FFO — real estate ownership	$	20,887		$	16,069		$	17,192		$	15,184		$	17,004		$	36,956		$	31,721
FFO per share (diluted)	$	0.52		$	0.40		$	0.43		$	0.38		$	0.43		$	0.92		$	0.80
Total Company
FFO	$	35,551		$	21,530		$	2,911		$	32,224		$	79,565		$	57,081		$	98,131
FFO per share (diluted)	$	0.88		$	0.54		$	0.07		$	0.81		$	1.99		$	1.42		$	2.46
Diluted weighted average shares outstanding		40,256,658			40,202,798			39,815,933			39,601,853			40,004,379			40,271,185			39,894,412

Non-GAAP Financial Disclosure

Funds from operations (FFO) is a non-GAAP financial measure that is commonly used in evaluating real estate companies. Although the National Association of Real Estate Investment Trusts (NAREIT) has published a definition of FFO, real estate companies often modify this definition as they seek to provide financial measures that meaningfully reflect their operations. FFO should not be considered as an alternative to net income as an indication of a company’s operating performance or to cash flow from operating activities as a measure of its liquidity. It should be used in conjunction with GAAP net income. FFO disclosed by other REITs may not be comparable to our FFO calculation.

NAREIT’s definition of FFO adjusts GAAP net income to exclude depreciation and gains/losses from the sales of properties and adjusts for FFO applicable to unconsolidated partnerships and joint ventures. We calculate FFO in accordance with this definition and then include other adjustments to GAAP net income to adjust for certain non-cash charges such as amortization of intangibles, deferred income tax benefits and expenses, straight-line rents, stock compensation, impairment charges on real estate and unrealized foreign currency exchange gains and losses. We exclude these items from GAAP net income as they are not the primary drivers in our decision making process. Our assessment of our operations is focused on long term sustainability and not on such non-cash items which may cause short-term fluctuations in net income but that have no impact on cash flows.

7

W. P. CAREY & CO. LLC

Adjusted Cash Flow from Operating Activities (Unaudited)

(in thousands, except share and per share amounts)

	Six months ended June 30,
	2008			2007
Cash flow from operating activities – as reported	$	27,219		$	11,648
Adjustments:
CPA®:16 - Global performance adjustment, net (a)		(12,291	)		17,763
Settlement payment (b)		21,012			—
CPA®:12/14 Merger – payment of taxes (c)		—			20,708
Distributions received from equity investments in real estate in excess of equity income (d)		3,223			5,435
Changes in working capital (c)		14,626			(608	)
Adjusted cash flow from operating activities	$	53,789		$	54,946
Adjusted cash flow per share (diluted)	$	1.34		$	1.38
Distributions declared per share	$	0.969		$	0.929
Payout ratio (distributions per share/adjusted cash flow per share)		72	%		67	%
Diluted weighted average shares outstanding		40,271,185			39,894,412

Non-GAAP Financial Disclosure

Adjusted cash flow from operating activities is a non-GAAP financial measure that represents cash flow from operating activities on a GAAP basis adjusted for certain timing differences and deferrals as described below. We believe that adjusted cash flow from operating activities is a useful supplemental measure for assessing the cash flow generated from our core operations and is used in evaluating distributions to shareholders. Adjusted cash flow from operating activities should not be considered as an alternative for cash flow from operating activities computed on a GAAP basis as a measure of our liquidity. Adjusted cash flow from operating activities may not be comparable to similarly titled measures of other companies.

(a)	Amounts (paid)/deferred in lieu of CPA®:16 – Global achieving its performance criterion, net of a 45% tax provision. In determining cash flow generated from our core operations, we believe it is more appropriate to normalize cash flow for the impact of CPA®:16 – Global achieving its performance criterion, rather than recognizing the entire deferred amount in the quarter in which the performance criterion was met as this revenue was actually earned over a three year period.
(b)	In March 2008, we entered into a settlement with the SEC with respect to all matters relating to their investigation. As a result, we paid $29,979 in the first quarter of 2008, and recognized an offsetting $8,967 tax benefit in the same period.
(c)	Timing differences arising from the payment of certain liabilities in a period other than that in which the expense is recognized in determining net income may distort the actual cash flow that our core operations generate. We adjust our GAAP cash flow from operations to record such amounts in the period in which the liability was actually incurred. We believe this is a fairer measure of determining our cash flow from core operations.
(d)	We take a substantial portion of our asset management revenue in shares of the CPA® REIT funds. To the extent we receive distributions in excess of the equity income that we recognize, we include such amounts in our evaluation of cash flow from core operations.

8

W. P. CAREY & CO. LLC

Revenue Diversification Analysis (Unaudited)

(in thousands)

	Three months ended															Six months ended June 30,
	June 30, 2008			March 31, 2008			December 31, 2007			September 30, 2007			June 30, 2007			2008			2007
Revenue from Investment Management
Asset management revenue	$	20,039		$	20,126		$	19,165		$	18,648		$	30,204		$	40,165		$	45,238
Structuring revenue		3,169			3,416			10,366			9,778			53,448			6,585			58,031
Other interest income		548			533			1,057			1,087			3,360			1,081			3,887
Total investment management revenue	$	23,756		$	24,075		$	30,588		$	29,513		$	87,012		$	47,831		$	107,156
Percentage of total adjusted revenue		47	%		52	%		58	%		55	%		77	%		49	%		69	%
Revenue from Real Estate Ownership
Lease revenue – continuing and discontinued operations	$	23,247		$	19,254		$	20,196		$	20,143		$	22,121		$	42,501		$	42,114
Other real estate income		3,305			3,122			2,144			4,159			3,113			6,427			6,115
Other interest income		131			228			257			200			284			359			355
Total real estate revenue	$	26,683		$	22,604		$	22,597		$	24,502		$	25,518		$	49,287		$	48,584
Percentage of total adjusted revenue		53	%		48	%		42	%		45	%		23	%		51	%		31	%
Reconciliation of Total Revenue
Total revenue – as reported	$	58,503		$	57,372		$	51,607		$	55,852		$	109,040		$	115,875		$	153,721
Less: Reimbursed costs from affiliates (a)		(12,568	)		(11,506	)		(3,641	)		(3,422	)		(3,244	)		(24,074	)		(6,719	)
Add: Other interest income		679			761			1,314			1,287			3,644			1,440			4,242
Add: Revenue from discontinued operations		3,825			52			3,905			298			3,090			3,877			4,496
Total Adjusted Revenue	$	50,439		$	46,679		$	53,185		$	54,015		$	112,530		$	97,118		$	155,740

(a) Total adjusted revenue excludes reimbursements of costs received from affiliated CPA^®REITs as they have no impact on net income. Includes wholesaling revenue earned in connection with CPA^®: 17 – Global’s initial public offering and is primarily offset by underwriting costs incurred in connection with the offering.

9

W. P. CAREY & CO. LLC

Revenue Stability Analysis (Unaudited)

(in thousands)

	Three months ended																									Six months ended June 30,
	June 30, 2008					March 31, 2008					December 31, 2007					September 30, 2007					June 30, 2007					2008					2007
	Revenue		%			Revenue		%			Revenue		%			Revenue		%			Revenue		%			Revenue		%			Revenue		%
Revenue Type
Rents (a)	$	23,378				$	19,482				$	20,453				$	20,343				$	22,405				$	42,860				$	42,469
Management revenue (b)(d)		20,587					20,659					20,222					19,735					33,564					41,246					49,125
Rents and Management Revenue		43,965		87	%		40,141		86	%		40,675		76	%		40,078		74	%		55,969		50	%		84,106		87	%		91,594		59	%
Structuring revenue (c)(d)		3,169					3,416					10,366					9,778					53,448					6,585					58,031
Other real estate income		3,305					3,122					2,144					4,159					3,113					6,427					6,115
Structuring Revenue & Other Income		6,474		13	%		6,538		14	%		12,510		24	%		13,937		26	%		56,561		50	%		13,012		13	%		64,146		41	%
Total Adjusted Revenue	$	50,439		100	%	$	46,679		100	%	$	53,185		100	%	$	54,015		100	%	$	112,530		100	%	$	97,118		100	%	$	155,740		100	%

(a)	Rents = lease revenue (continuing operations) + revenue from discontinued operations + other interest income from real estate ownership.
(b)	Management revenue includes asset management revenue and interest income earned from CPA®REITs under management.
(c)	Structuring revenue includes structuring fees and deferred structuring fees.
(d)	Management revenue for June 2007 includes the recognition of $11,945 of previously deferred performance revenue from CPA®:16 – Global meeting its performance criterion. Structuring revenue for June 2007 includes the recognition of $31,674 of previously deferred structuring revenue as a result of CPA®:16 – Global meeting its performance criterion.

10

W. P. CAREY & CO. LLC

Portfolio Debt Overview (Pro rata basis) (Unaudited)

June 30, 2008

Portfolio Debt Maturity
Year of Maturity	Outstanding Balance (a)
2008	$	40,352,161
2009		29,911,440
2010		12,938,137
2011		133,841,566
2012		32,391,797
2013		2,259,196
2014		62,923,605
2015		50,422,770
2016		38,676,808
2017		62,337,996
2018		10,373,096
2019		—
2020		—
2021		—
2022		—
2023		5,709,195
Total	$	482,137,767

Fixed and Variable Rate Debt Analysis
Non-Recourse Debt	Outstanding Balance
Fixed	$	261,979,645
Fixed – Swap Agreement		10,373,096
Fixed – Future Rate Reset		71,819,796
Variable		56,965,230
		401,137,767
Recourse Debt
Variable – Line of Credit		81,000,000
Total Debt	$	482,137,767

(a) Debt balances calculated using an exchange rate of 1.5799 USD/EUR at June 30, 2008 (where applicable).

11

W. P. CAREY & CO. LLC

Detailed Debt Summary (Pro rata basis) (Unaudited)

June 30, 2008

						Outstanding
Tenant/Lease Guarantor / Percent Ownership	Rate Type	Interest Rate			Maturity Date	Balance
Self-Storage Credit Facility (a)	Variable		4.77	%	Dec-2008	$	35,352,156
Billipp Portfolio (b)	Variable		4.13	%	Dec-2008		5,000,005
Orbital Sciences Corporation	Fixed		7.38	%	Jun-2009		12,337,227
US Airways Group, Inc. (75%)	Fixed		7.23	%	Aug-2009		15,366,582
The Retail Distribution Group, Inc. (40%)	Fixed		8.51	%	Sep-2009		2,207,631
Bell South Corporation	Fixed		8.11	%	Jan-2010		3,113,769
Hibbett Sports	Fixed		7.50	%	Apr-2010		4,600,249
Daimler Trucks North America LLC	Fixed		7.96	%	Jun-2010		5,224,119
Federal Express Corporation (40%)	Fixed		7.50	%	Jan-2011		16,415,982
AutoZone, Inc. — Series A	Fixed		6.85	%	Jan-2011		1,224,631
Childtime Childcare, Inc. (34%)	Fixed		7.50	%	Jan-2011		2,251,111
Information Resources, Inc. (33%)	Fixed		7.60	%	Jan-2011		7,546,813
Pioneer Credit Recovery, Inc.	Fixed		7.34	%	Jan-2011		5,517,168
AutoZone, Inc. — Series B	Fixed		6.85	%	Feb-2011		1,924,912
Career Education Corporation	Fixed		7.58	%	Jun-2011		6,871,572
24 Hour Fitness USA, Inc.	Fixed		7.50	%	Aug-2011		2,928,785
Sprint Spectrum, LP	Fixed		7.64	%	Aug-2011		8,160,592
Qwest Communications, Inc.	Fixed		7.50	%	Jun-2012		1,458,203
AutoZone, Inc. — Series C	Fixed		6.85	%	Aug-2012		855,719
BE Aerospace, Inc.	Fixed		6.11	%	Nov-2012		8,537,955
Faurecia Exhaust Systems, Inc.	Fixed		5.16	%	Nov-2012		2,535,049
Anthony’s Manufacturing Company	Fixed		5.11	%	Nov-2012		8,795,572
Alstom Power, Inc. and Werner Co.	Fixed		5.18	%	Dec-2012		10,209,299
AutoZone, Inc. — Series D	Fixed		6.85	%	Aug-2013		2,259,196
Carrefour France, S.A. (46%) (c)	Fixed - Future Rate Reset		5.55	%	Dec-2014		62,923,605
Lowe’s Home Improvement Warehouse	Fixed		4.87	%	Sep-2015		9,360,790
Bouygues Telecom, S.A. (Tours) (95%) (c)	Fixed - Future Rate Reset		3.86	%	Oct-2015		8,896,191
The American Bottling Company	Fixed		5.13	%	Nov-2015		32,165,789
CheckFree Holdings, Inc. (50%)	Fixed		6.18	%	Jun-2016		15,000,000
Bouygues Telecom, S.A. (Illkirch-Graffenstaden) (75%) (c) (d)	Variable		5.01	%	Oct-2016		16,613,069
Consolidated Systems, Inc. (60%)	Fixed		5.87	%	Nov-2016		7,063,739
Western Union Financial Services, Inc.	Fixed		5.50	%	Jan-2017		6,000,000
Hellweg Die Profi-Baumärkte GmbH & Co KG (5%) (c)	Fixed		5.49	%	Jan-2017		16,862,587
SICOR, Inc. (50%)	Fixed		6.20	%	Jul-2017		17,675,000
Medica France, S.A. (46%) (c)	Fixed		5.63	%	Oct-2017		21,800,409

12

						Outstanding
Tenant/Lease Guarantor / Percent Ownership	Rate Type	Interest Rate			Maturity Date	Balance
OBI Wroclaw	Fixed - Swap		4.23	%	Mar-2018	$	10,373,096
Hologic, Inc. (36%)	Fixed		6.40	%	May-2023		5,709,195
Total Non-Recourse Debt			5.86%	(d)		$	401,137,767
Unsecured Credit Facility	Variable		3.55	%	Jun-2011	$	81,000,000
Total Debt			5.48%	(d)		$	482,137,767

(a)	Facility includes an option to extend for three consecutive one-year periods. LIBOR capped at 4.75% through December 2008.
(b)	Loan agreement includes a one-year extension option.
(c)	Debt balance calculated using an exchange rate of 1.5799 USD/EUR as of June 30, 2008.
(d)	Reflects weighted average interest rate for the applicable debt.

13

W. P. CAREY & CO. LLC

2008 Investment and Disposition Activity (Unaudited)

As of June 30, 2008

Investment Activity

Investment Management Activity — Real Estate

			Purchase Price				Gross Square
Portfolio	Tenant/Lease Guarantor	Property Location(s)	(000s)		Closing Date	Property Type	Footage
CPA®:16 – Global	Briggs Nursery, LLC	Elma, WA	$	6,545	Feb-08	Industrial		77,775
		Colton, CA; Dallas, TX; Bonner
CPA®:16 – Global	Best Brands	Springs, KS; Eagan, MN		50,638	Mar-08	Industrial		795,379
CPA®:16 – Global	Mantsinen	Ylamylly, Finland		18,113	Apr-08	Industrial		118,942
CPA®:16 – Global	Schoeller Arca System	Monheim, Germany		12,864	Apr-08	Industrial		100,018
CPA®:17 – Global	Arnold Magnetic Technologies	Norfolk, NE		2,618	Jun-08	Industrial		109,200
CPA®:16 – Global	Schoeller Arca System	Nurieux, France		17,006	Jun-08	Industrial		196,743
CPA®:16 – Global	Leipold	Wolfach, Dransfekl, & Bunde, Germany		16,068	Jun-08	Industrial		196,023
CPA®:16 – Global	Leipold	Windsor, CT		1,585	Jun-08	Industrial		17,400
				125,437				1,611,480

Investment Management Activity — CMBS

		Face Value		Purchase Price
Portfolio	Pool / Security Type	(000s)		(000s)		Closing Date	Rating	Implied Yield
CPA®:17 – Global	TOP29 Class H Securities	$	6,994	$	2,661	Apr-08	BBB-	22.69%
CPA®:17 – Global	LBUBS 2008-C1 Class G		3,330		2,075	Apr-08	A-	13.43%
CPA®:17 – Global	LBUBS 2008-C1 Class H		3,830		1,771	Apr-08	BBB+	17.54%
CPA®:17 – Global	LB-UBS 2007-C7 Class G		9,517		6,621	Jun-08	A-	12.08%
CPA®:17 – Global	MSC 2007 IQ16 Class E		5,300		3,842	Jun-08	A+	11.30%
CPA®:17 – Global	MSC 2007 IQ16 Class G		2,343		1,534	Jun-08	A-	12.90%
CPA®:17 – Global	BACM 2008-1 Class F		2,000		1,461	Jun-08	A	11.22%
		$	33,314		19,965
Total Investment Management Acquisitions				$	145,402

Disposition Activity

Investment Management Activity

	Tenant/Lease		Gross Sale Price		Disposition		Gross Square
Portfolio(s)	Guarantor	Property Location(s)	(000s)		Date	Property Type	Footage
CPA®:15	MBM Beef	Macon, GA	$	1,010	Apr-08	Warehouse/Distribution		20,038
CPA®:14	Earle M. Jorgensen	Kansas City, MO		6,460	Jun-08	Warehouse/Distribution		120,855
Total Investment Management Dispositions			$	7,470				140,893

14

W. P. CAREY & CO. LLC

Portfolio Analysis (Unaudited)

June 30, 2008

Portfolio Diversification by Rent (Pro rata basis)

			Percentage of	Percentage of
			Total Annualized	Total
	Annualized Rent		Rent	Adjusted
Top Ten Tenants/Lease Guarantors	(Pro Rata)		(Pro Rata)	Revenue(a)
Carrefour France, S.A. — France	$	10,508,320	10%	5%
Bouygues Telecom, S.A. — France		5,411,439	5%	3%
The American Bottling Company		4,746,519	5%	2%
Daimler Trucks North America LLC		4,634,253	5%	2%
Medica France S.A. — France		3,442,238	3%	2%
US Airways Group, Inc.		3,171,909	3%	2%
Federal Express Corporation		3,046,177	3%	2%
Orbital Sciences Corporation		3,022,947	3%	2%
Titan Corporation		2,706,799	3%	1%
Schuler A.G. — Germany		2,575,553	3%	1%
	$	43,266,154

(a) Total Adjusted Revenue = Total revenue as reported, less reimbursed costs from affiliates, plus other interest income, plus revenue from discontinued operations.

15

W. P. CAREY & CO. LLC

Portfolio Diversification Analysis by Property Type (Unaudited)

June 30, 2008

Property Type	Square Footage(a)		Percent
Industrial		8,654,935		50	%
Warehouse/Distribution		5,105,685		29	%
Office		2,029,908		12	%
Retail		1,125,347		6	%
Other Properties (c)		363,271		2	%
Hospitality		158,000		1	%
Total (d)		17,437,146		100	%

Property Type	Annualized Rent(b)		Percent
Industrial	$	36,915,913		36	%
Office		29,801,537		29	%
Warehouse/Distribution		21,369,594		21	%
Other Properties (c)		6,822,113		7	%
Retail		6,181,160		6	%
Hospitality		1,200,000		1	%
Total (d)	$	102,290,317		100	%

(a)	Square footage for jointly owned properties shown on a pro rata basis.
(b)	Rents reflect current annualized rents on a pro rata basis.
(c)	Reflects properties used for health care; education, child care and social services; leisure, amusement and recreation; unoccupied land.
(d)	Excludes our investment in 13 domestic self-storage properties totaling approximately 0.9 million square feet as of June 30, 2008.

16

W. P. CAREY & CO. LLC

Portfolio Diversification Analysis by Tenant Industry (Unaudited)

June 30, 2008

	Annualized		Percentage of
Industry Type(a)	Rent(b)		Annualized Rent
Retail Stores	$	17,440,007		17	%
Telecommunications		11,184,028		11	%
Business and Commercial Services		11,173,113		11	%
Healthcare, Education and Childcare		9,484,043		9	%
Electronics		6,946,222		7	%
Automobile		5,283,706		5	%
Beverages, Food, and Tobacco		5,141,050		5	%
Aerospace and Defense		4,894,813		5	%
Forest Products and Paper		4,418,376		5	%
Machinery		3,362,476		3	%
Transportation — Personal		3,329,109		3	%
Transportation — Cargo		3,083,377		3	%
Consumer Non-durable Goods		2,178,006		2	%
Consumer and Durable Goods		2,175,819		2	%
Media: Printing and Publishing		1,940,625		2	%
Mining, Metals, and Primary Metal Industries		1,859,659		2	%
Chemicals, Plastics, Rubber, and Glass		1,845,526		2	%
Hotels and Gaming		1,209,000		1	%
Federal, State and Local Government		1,170,000		1	%
Construction and Building		1,139,591		1	%
Textiles, Leather, and Apparel		978,153		1	%
Leisure, Amusement, Entertainment		876,485		1	%
Other (c)		1,177,133		1	%
Total (d)	$	102,290,317		100	%

(a)	Based on the Moody’s Classification System and information provided by the tenant.
(b)	Rents reflect current annualized rents on a pro rata basis.
(c)	Reflects properties with tenants in the grocery and banking industries.
(d)	Excludes our investment in 13 domestic self-storage properties totaling approximately 0.9 million square feet as of June 30, 2008.

17

W. P. CAREY & CO. LLC

Portfolio Diversification Analysis by Geography (Unaudited)

June 30, 2008

Region	Square Footage(a)		Percent
South		5,015,925		29	%
Midwest		4,556,704		26	%
East		3,499,563		20	%
West		2,321,016		13	%
Europe		2,043,938		12	%
Total (c)		17,437,146		100	%

Region	Annualized Rent(b)		Percent
South	$	27,889,668		27	%
West		21,468,540		21	%
Midwest		17,892,761		17	%
East		11,976,410		12	%
Europe		23,062,938		23	%
Total (c)	$	102,290,317		100	%

(a)	Square footage for jointly owned properties shown on a pro rata basis.
(b)	Rents reflect current annualized rents on a pro rata basis.
(c)	Excludes our investment in 13 domestic self-storage properties totaling approximately 0.9 million square feet as of June 30, 2008.

18

W. P. CAREY & CO. LLC
Portfolio Lease Maturity Analysis (Unaudited)
June 30, 2008

			Percentage of
Year of Lease	Annualized		Total Annualized
Expiration(a)	Rents		Rent
2008 (b)		2,155,577		2	%
2009		11,101,937		11	%
2010		18,463,347		18	%
2011		18,483,734		18	%
2012		8,163,977		8	%
2013		7,562,572		7	%
2014		9,616,125		9	%
2015		3,499,141		3	%
2016		1,674,363		2	%
2017		2,403,225		2	%
2018		3,853,779		4	%
2019		4,448,150		4	%
2020		4,634,253		5	%
2021		—		0	%
2022		1,581,496		2	%
2023		—		0	%
2024		—		0	%
2025		1,125,388		1	%
2026		947,700		1	%
2027		2,575,553		3	%
Total (c)	$	102,290,317		100	%

Weighted Average Years to Maturity: 5.43

(a)	Assumes tenant does not exercise renewal option.
(b)	Month-to-month properties are counted in current year’s revenue stream.
(c)	Excludes our investment in 13 domestic self-storage properties totaling approximately 0.9 million square feet as of June 30, 2008.

19

W. P. CAREY & CO. LLC

Consolidated Balance Sheets (Unaudited)

(in thousands, except share amounts)

	June 30, 2008			December 31, 2007
				(NOTE)
Assets
Real estate, net	$	510,714		$	513,405
Net investment in direct financing leases		88,637			89,463
Equity investments in real estate and CPA® REITs		266,807			242,677
Operating real estate, net		75,635			73,189
Cash and cash equivalents		14,419			12,137
Due from affiliates		48,126			88,329
Intangible assets and goodwill, net		96,172			99,873
Other assets, net		30,556			34,211
Total assets	$	1,131,066		$	1,153,284
Liabilities and Members’ Equity
Liabilities:
Non-recourse debt	$	261,688		$	254,051
Unsecured credit facility		81,000			62,700
Accounts payable, accrued expenses and other liabilities		39,576			59,076
Income taxes, net		61,833			65,152
Distributions payable		19,265			29,222
Settlement provision		—			29,979
Total liabilities		463,362			500,180
Minority interest in consolidated entities		19,260			18,833
Commitments and contingencies
Members’ equity:
Listed shares, no par value, 100,000,000 shares authorized; 39,656,675 and 39,216,493 shares issued and outstanding, respectively		760,723			748,584
Distributions in excess of accumulated earnings		(118,812	)		(117,051	)
Accumulated other comprehensive income		6,533			2,738
Total members’ equity		648,444			634,271
Total liabilities and members’ equity	$	1,131,066		$	1,153,284

Note: The consolidated balance sheet at December 31, 2007 has been derived from the audited consolidated financial statements at that date.

20

W. P. CAREY & CO. LLC

Consolidated Statements of Income (Unaudited)

(in thousands, except share and per share amounts)

	Three months ended June 30,						Six months ended June 30,
	2008			2007			2008			2007
Revenues
Asset management revenue	$	20,039		$	30,204		$	40,165		$	45,238
Structuring revenue		3,169			53,448			6,585			58,031
Wholesaling revenue		1,488			—			2,628			—
Reimbursed costs from affiliates		11,080			3,244			21,446			6,719
Lease revenues		19,422			19,031			38,624			37,618
Other real estate income		3,305			3,113			6,427			6,115
		58,503			109,040			115,875			153,721
Operating Expenses
General and administrative		(15,816	)		(23,133	)		(31,229	)		(35,301	)
Reimbursable costs		(11,080	)		(3,244	)		(21,446	)		(6,719	)
Depreciation and amortization		(6,279	)		(6,737	)		(12,370	)		(13,472	)
Property expenses		(1,362	)		(1,669	)		(3,740	)		(2,787	)
Other real estate expenses		(2,146	)		(1,301	)		(4,215	)		(3,825	)
		(36,683	)		(36,084	)		(73,000	)		(62,104	)
Other Income and Expenses
Other interest income		679			3,644			1,440			4,242
Income from equity investments in real estate and CPA® REITs		3,934			1,929			8,645			4,367
Minority interest in income		(304	)		(3,129	)		(393	)		(3,406	)
Gain on sale of securities, foreign currency transactions and other, net		1,848			169			4,659			355
Interest expense		(4,532	)		(5,389	)		(9,575	)		(10,002	)
		1,625			(2,776	)		4,776			(4,444	)
Income from continuing operations before income taxes		23,445			70,180			47,651			87,173
Provision for income taxes		(7,422	)		(31,038	)		(14,566	)		(37,417	)
Income from continuing operations		16,023			39,142			33,085			49,756
Discontinued Operations
Income from operations of discontinued properties		3,825			1,926			3,864			2,112
Gain on sale of real estate, net		—			962			—			962
Income from discontinued operations		3,825			2,888			3,864			3,074
Net Income	$	19,848		$	42,030		$	36,949		$	52,830
Basic Earnings Per Share
Income from continuing operations	$	0.41		$	1.02		$	0.85		$	1.31
Income from discontinued operations		0.10			0.08			0.10			0.08
Net income	$	0.51		$	1.10		$	0.95		$	1.39
Diluted Earnings Per Share
Income from continuing operations	$	0.40		$	1.03		$	0.83		$	1.29
Income from discontinued operations		0.10			0.07			0.10			0.08
Net income	$	0.50		$	1.10		$	0.93		$	1.37
Weighted Average Shares Outstanding
Basic		39,204,221			38,308,202			39,039,617			38,120,532
Diluted		40,256,658			40,004,379			40,271,185			39,894,412
Distributions Declared Per Share	$	0.487		$	0.467		$	0.969		$	0.929

21

W. P. CAREY & CO. LLC

Consolidated Statements of Cash Flows (Unaudited)

(in thousands)

	Six months ended June 30,
	2008			2007
Cash Flows — Operating Activities
Net income	$	36,949		$	52,830
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization including intangible assets and deferred financing costs		13,506			14,509
Income from equity investments in real estate and CPA® REITs in excess of distributions received		(1,924	)		(1,628	)
Gain on sale of real estate, net		—			(962	)
Minority interest in income		393			3,472
Straight-line rent adjustments		1,252			1,421
Management income received in shares of affiliates		(20,053	)		(31,728	)
Unrealized gain on foreign currency transactions, warrants and securities		(1,203	)		(313	)
Realized gain on foreign currency transactions		(1,565	)		(42	)
Stock-based compensation expense		3,922			2,328
(Increase) decrease in deferred acquisition revenue received		(3,538	)		16,164
Decrease (increase) in structuring revenue receivable		46,695			(44,956	)
(Decrease) increase in income taxes, net		(3,963	)		2,802
Decrease in settlement provision		(29,979	)		—
Net changes in other operating assets and liabilities		(13,273	)		(2,249	)
Net cash provided by operating activities		27,219			11,648
Cash Flows — Investing Activities
Distributions received from equity investments in real estate and CPA ® REITs in excess of equity income		3,425			21,716
Capital contributions to equity investments		(837	)		—
Purchases of real estate and equity investments in real estate		(184	)		(40,381	)
Capital expenditures		(6,455	)		(7,361	)
VAT refunded on purchase of real estate		3,189			—
Proceeds from sales of real estate		—			6,014
Funds placed in escrow in connection with the sale of property		—			(3,340	)
Funds released from escrow in connection with the sale of property		636			—
Payment of deferred acquisition revenue to affiliate		(120	)		(524	)
Net cash provided by (used in) investing activities		(346	)		(23,876	)
Cash Flows — Financing Activities
Distributions paid		(48,668	)		(35,202	)
Contributions from minority interests		1,320			688
Distributions to minority interests		(1,329	)		(942	)
Scheduled payments of mortgage principal		(4,698	)		(7,719	)
Proceeds from mortgages and credit facilities		101,937			118,617
Prepayments of mortgage principal and credit facilities		(73,729	)		(68,257	)
Repayment of loan from affiliates		(7,569	)		—
Payment of financing costs		(370	)		(1,303	)
Proceeds from issuance of shares		12,743			3,917
Excess tax benefits associated with stock-based compensation awards		608			1,335
Repurchase and retirement of shares		(5,134	)		(2,038	)
Net cash (used in) provided by financing activities		(24,889	)		9,096
Change in Cash and Cash Equivalents During the Period
Effect of exchange rate changes on cash		298			74
Net increase (decrease) in cash and cash equivalents		2,282			(3,058	)
Cash and cash equivalents, beginning of period		12,137			22,108
Cash and cash equivalents, end of period	$	14,419		$	19,050

22

W. P. CAREY & CO. LLC

Detailed Property Summary (Unaudited)

June 30, 2008

Percentage of

Tenant/Lease Guarantor

Percent Ownership

Property Location

Property Type

Tenant Industry

Region

Square Footage

Annualized Rent

Total Rent(e)

Increase Factor

Lease Expiration

Maximum Term

Carrefour France, SAS (a)

46%

Crepy en Valois, France

Warehouse/Distribution

Retail Stores

Europe

101,255

$

905,474

0.89

%

INSEE (2)

Dec-2011

Dec-2011

Carrefour France, SAS (a)

46%

Crepy en Valois, France

Warehouse/Distribution

Retail Stores

Europe

152,374

1,362,614

1.33

%

INSEE (2)

Dec-2011

Dec-2011

Carrefour France, SAS (a)

46%

Lens, France

Warehouse/Distribution

Retail Stores

Europe

126,933

1,103,424

1.08

%

INSEE (2)

Dec-2011

Dec-2011

Carrefour France, SAS (a)

46%

Lens, France

Warehouse/Distribution

Retail Stores

Europe

2,599

22,589

0.02

%

INSEE (2)

Dec-2011

Dec-2011

Carrefour France, SAS (a)

46%

Lens, France

Warehouse/Distribution

Retail Stores

Europe

4,349

37,804

0.04

%

INSEE (2)

Dec-2011

Dec-2011

Carrefour France, SAS (a)

46%

Nîmes, France

Warehouse/Distribution

Retail Stores

Europe

134,945

968,559

0.95

%

INSEE (2)

Dec-2011

Dec-2011

Carrefour France, SAS (a)

46%

Nîmes, France

Warehouse/Distribution

Retail Stores

Europe

2,554

18,332

0.02

%

INSEE (2)

Dec-2011

Dec-2011

Carrefour France, SAS (a)

46%

Nîmes, France

Warehouse/Distribution

Retail Stores

Europe

596

4,281

0.00

%

INSEE (2)

Dec-2011

Dec-2011

Carrefour France, SAS (a)

46%

Colomiers, France

Warehouse/Distribution

Retail Stores

Europe

174,272

1,399,956

1.37

%

INSEE (2)

Dec-2011

Dec-2011

Carrefour France, SAS (a)

46%

Colomiers, France

Warehouse/Distribution

Retail Stores

Europe

60,296

484,370

0.47

%

INSEE (2)

Dec-2011

Dec-2011

Carrefour France, SAS (a)

46%

Colomiers, France

Warehouse/Distribution

Retail Stores

Europe

7,524

60,443

0.06

%

INSEE (2)

Dec-2011

Dec-2011

Carrefour France, SAS (a)

46%

Colomiers, France

Warehouse/Distribution

Retail Stores

Europe

2,899

23,289

0.02

%

INSEE (2)

Dec-2011

Dec-2011

Carrefour France, SAS (a)

46%

Thuit Hebert, France

Warehouse/Distribution

Retail Stores

Europe

107,965

696,639

0.68

%

INSEE (2)

Dec-2011

Dec-2011

Carrefour France, SAS (a)

46%

Thuit Hebert, France

Warehouse/Distribution

Retail Stores

Europe

68,481

441,870

0.43

%

INSEE (2)

Dec-2011

Dec-2011

Carrefour France, SAS (a)

46%

Ploufragan, France

Warehouse/Distribution

Retail Stores

Europe

122,599

844,505

0.83

%

INSEE (2)

Dec-2011

Dec-2011

Carrefour France, SAS (a)

46%

Cholet, France

Warehouse/Distribution

Retail Stores

Europe

99,268

725,230

0.71

%

INSEE (2)

Dec-2011

Dec-2011

Carrefour France, SAS (a)

46%

Nîmes, France

Warehouse/Distribution

Retail Stores

Europe

177,797

1,408,941

1.38

%

INSEE (2)

Nov-2012

Nov-2012

Carrefour France, SAS Total

1,346,706

10,508,320

10.27

%

Bouygues Telecom, S.A.(a)

75%

Illkirch-Graffenstaden, Fran

Office

Telecommunications

Europe

80,729

3,374,568

3.30

%

INSEE (2)

Feb-2013

Feb-2013

Bouygues Telecom, S.A.(a)

95%

Tours, France

Office

Telecommunications

Europe

102,237

2,036,871

1.99

%

INSEE (2)

Sep-2009

Sep-2009

Bouygues Telecom, S.A. Total

182,966

5,411,439

5.29

%

The American Bottling Company

100%

Irving, TX

Industrial

Beverages, Food, and Tobacco

South

459,497

2,879,237

2.81

%

CPI

Jun-2014

Jun-2014

The American Bottling Company

100%

Houston, TX

Industrial

Beverages, Food, and Tobacco

South

262,450

1,867,282

1.83

%

CPI

Jun-2014

Jun-2014

The American Bottling Company Total

721,947

4,746,519

4.64

%

Daimler Trucks North America LLC

100%

Detroit, MI

Industrial

Automobile

Midwest

2,730,750

4,634,253

4.53

%

PPI

Jun-2020

Jun-2030

Medica France S.A. (a)

46%

Chatou, France

Other

Healthcare, Education and Childcare

Europe

24,668

464,775

0.45

%

INSEE (2)

Jun-2010

Jun-2010

Medica France S.A. (a)

46%

Poissy, France

Other

Healthcare, Education and Childcare

Europe

24,593

508,347

0.50

%

INSEE (2)

Jun-2010

Jun-2010

Medica France S.A. (a)

46%

Rosny sous Bois, France

Other

Healthcare, Education and Childcare

Europe

21,847

430,643

0.42

%

INSEE (2)

Jun-2010

Jun-2010

Medica France S.A. (a)

46%

Paris, France

Other

Healthcare, Education and Childcare

Europe

24,771

653,590

0.64

%

INSEE (2)

Jun-2010

Jun-2010

Medica France S.A. (a)

46%

Rueil Malmaison, France

Other

Healthcare, Education and Childcare

Europe

23,815

615,100

0.60

%

INSEE (2)

Jun-2010

Jun-2010

Medica France S.A. (a)

46%

Sarcelles, France

Other

Healthcare, Education and Childcare

Europe

34,622

769,783

0.75

%

INSEE (2)

Jun-2010

Jun-2010

Medica France S.A. Total

154,316

3,442,238

3.37

%

US Airways Group, Inc.

75%

Tempe, AZ

Office

Transportation - Personal

West

167,913

3,171,909

3.10

%

CPI

Apr-2014

Nov-2029

Federal Express Corporation

40%

Collierville, TN

Office

Transportation - Cargo

South

39,038

694,185

0.68

%

CPI

Aug-2019

Nov-2029

Federal Express Corporation

40%

Collierville, TN

Office

Transportation - Cargo

South

39,038

694,185

0.68

%

CPI

Aug-2019

Nov-2029

Federal Express Corporation

40%

Collierville, TN

Office

Transportation - Cargo

South

39,038

694,185

0.68

%

CPI

Aug-2019

Nov-2029

Federal Express Corporation

40%

Collierville, TN

Office

Transportation - Cargo

South

39,038

694,185

0.68

%

CPI

Aug-2019

Nov-2029

Federal Express Corporation

100%

College Station, TX

Warehouse/Distribution

Transportation - Cargo

South

12,080

68,400

0.07

%

Fixed

Apr-2012

Apr-2017

Federal Express Corporation

100%

Corpus Christi, TX

Warehouse/Distribution

Transportation - Cargo

South

30,212

201,037

0.20

%

Fixed

May-2012

May-2017

Federal Express Corporation Total

198,444

3,046,177

2.98

%

Orbital Sciences Corporation

100%

Chandler, AZ

Industrial

Aerospace and Defense

West

335,307

3,022,947

2.96

%

CPI

Sep-2009

Sep-2029

The Titan Corporation

100%

San Diego, CA

Office

Electronics

West

166,403

2,706,799

2.65

%

CPI

Jul-2012

Jul-2017

Schuler AG (a)

33%

Göppingen, Germany

Industrial

Machinery

Europe

246,380

2,575,553

2.52

%

CPI

Oct-2027

Oct-2047

CheckFree Holdings, Inc.

50%

Norcross, GA

Office

Business and Commercial Services

South

50,063

945,443

0.92

%

CPI

Dec-2015

Dec-2030

CheckFree Holdings, Inc.

50%

Norcross, GA

Office

Business and Commercial Services

South

34,150

800,384

0.78

%

Other

Dec-2015

Dec-2030

CheckFree Holdings, Inc.

50%

Norcross, GA

Office

Business and Commercial Services

South

26,125

606,943

0.59

%

Other

Dec-2015

Dec-2030

CheckFree Holdings, Inc.

50%

Norcross, GA

Land

Business and Commercial Services

South

1

62,368

0.06

%

Other

Dec-2015

Dec-2030

CheckFree Holdings, Inc. Total

110,339

2,415,138

2.36

%

AutoZone, Inc.

100%

Decatur, AL

Retail

Retail Stores

South

5,400

44,620

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Bessemer, AL

Retail

Retail Stores

South

5,400

32,158

0.03

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Phenix City, AL

Retail

Retail Stores

South

5,400

44,620

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Mobile, AL

Retail

Retail Stores

South

5,400

44,620

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Chickasaw, AL

Retail

Retail Stores

South

5,400

43,414

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Montgomery, AL

Retail

Retail Stores

South

5,400

43,414

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Panama City, FL

Retail

Retail Stores

South

5,401

35,345

0.03

%

Fixed

Aug-2012

Dec-2037

AutoZone, Inc.

100%

Jacksonville, FL

Retail

Retail Stores

South

5,000

34,867

0.03

%

Fixed

Aug-2012

Dec-2037

AutoZone, Inc.

100%

Jacksonville, FL

Retail

Retail Stores

South

5,400

47,772

0.05

%

None

Aug-2013

Dec-2038

AutoZone, Inc.

100%

Jacksonville, FL

Retail

Retail Stores

South

5,400

54,379

0.05

%

None

Aug-2013

Dec-2038

AutoZone, Inc.

100%

Columbus, GA

Retail

Retail Stores

South

5,400

43,414

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Albany, GA

Retail

Retail Stores

South

5,400

43,262

0.04

%

None

Aug-2013

Dec-2038

AutoZone, Inc.

100%

Brunswick, GA

Retail

Retail Stores

South

5,400

39,854

0.04

%

None

Aug-2013

Dec-2038

AutoZone, Inc.

100%

Augusta, GA

Retail

Retail Stores

South

5,400

34,138

0.03

%

None

Aug-2013

Dec-2038

23

Percentage of

Tenant/Lease Guarantor

Percent Ownership

Property Location

Property Type

Tenant Industry

Region

Square Footage

Annualized Rent

Total Rent(e)

Increase Factor

Lease Expiration

Maximum Term

AutoZone, Inc.

100%

Macon, GA

Retail

Retail Stores

South

5,400

49,503

0.05

%

None

Aug-2013

Dec-2038

AutoZone, Inc.

100%

Collinsville, IL

Retail

Retail Stores

Midwest

5,400

36,178

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Alton, IL

Retail

Retail Stores

Midwest

5,400

44,620

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Wood River, IL

Retail

Retail Stores

Midwest

5,400

36,178

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Belleville, IL

Retail

Retail Stores

Midwest

5,400

44,620

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

West Monroe, LA

Retail

Retail Stores

South

5,400

43,414

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Baton Rouge, LA

Retail

Retail Stores

South

5,400

43,414

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Lake Charles, LA

Retail

Retail Stores

South

6,480

43,414

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Lake Charles, LA

Retail

Retail Stores

South

6,480

43,414

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Baton Rouge, LA

Retail

Retail Stores

South

6,600

21,567

0.02

%

Fixed

Mar-2009

Mar-2024

AutoZone, Inc.

100%

Baton Rouge, LA

Retail

Retail Stores

South

5,401

23,124

0.02

%

Fixed

Apr-2009

Apr-2019

AutoZone, Inc.

100%

Hammond, LA

Retail

Retail Stores

South

6,480

40,121

0.04

%

Fixed

Aug-2012

Dec-2037

AutoZone, Inc.

100%

Maplewood, MO

Retail

Retail Stores

Midwest

6,480

43,414

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Overland, MO

Retail

Retail Stores

Midwest

6,480

43,414

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

St. Louis, MO

Retail

Retail Stores

Midwest

5,400

36,178

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

Breckenridge, MO

Retail

Retail Stores

Midwest

5,400

44,151

0.04

%

None

Feb-2011

Feb-2026

AutoZone, Inc.

100%

St. Peters, MO

Retail

Retail Stores

Midwest

5,400

48,957

0.05

%

Fixed

Aug-2012

Dec-2037

AutoZone, Inc.

100%

St. Peters, MO

Retail

Retail Stores

Midwest

6,660

48,718

0.05

%

Fixed

Aug-2012

Dec-2037

AutoZone, Inc.

100%

Gastonia, NC

Retail

Retail Stores

East

5,400

52,149

0.05

%

None

Jan-2011

Feb-2026

AutoZone, Inc.

100%

Charlotte, NC

Retail

Retail Stores

East

5,400

42,283

0.04

%

None

Jan-2011

Feb-2026

AutoZone, Inc.

100%

Statesville, NC

Retail

Retail Stores

East

5,400

50,739

0.05

%

None

Jan-2011

Feb-2026

AutoZone, Inc.

100%

Lenoir, NC

Retail

Retail Stores

East

5,400

50,739

0.05

%

None

Jan-2011

Feb-2026

AutoZone, Inc.

100%

Shelby, NC

Retail

Retail Stores

East

6,660

30,807

0.03

%

Fixed

Aug-2012

Dec-2037

AutoZone, Inc.

100%

Kannapolis, NC

Retail

Retail Stores

East

6,408

24,069

0.02

%

Fixed

Oct-2010

Oct-2025

AutoZone, Inc.

100%

Morgantown, NC

Retail

Retail Stores

East

5,400

19,451

0.02

%

Fixed

Oct-2010

Aug-2019

AutoZone, Inc.

100%

Albuquerque, NM

Retail

Retail Stores

West

5,400

54,642

0.05

%

None

Aug-2013

Dec-2038

AutoZone, Inc.

100%

Farmington, NM

Retail

Retail Stores

West

5,400

41,479

0.04

%

None

Aug-2013

Dec-2038

AutoZone, Inc.

100%

Lexington, SC

Retail

Retail Stores

East

5,400

50,079

0.05

%

None

Aug-2013

Dec-2038

AutoZone, Inc.

100%

East Ridge, TN

Retail

Retail Stores

South

6,480

20,602

0.02

%

Fixed

Oct-2013

Oct-2023

AutoZone, Inc.

100%

Knoxville, TN

Retail

Retail Stores

South

6,660

23,008

0.02

%

Fixed

May-2009

May-2024

AutoZone, Inc.

100%

Austin, TX

Retail

Retail Stores

South

4,000

31,321

0.03

%

None

Jan-2011

Feb-2026

AutoZone, Inc.

100%

Waco, TX

Retail

Retail Stores

South

4,800

37,585

0.04

%

None

Jan-2011

Feb-2026

AutoZone, Inc.

100%

Corpus Christi, TX

Retail

Retail Stores

South

6,600

51,679

0.05

%

None

Jan-2011

Feb-2026

AutoZone, Inc.

100%

Corpus Christi, TX

Retail

Retail Stores

South

6,480

50,739

0.05

%

None

Jan-2011

Feb-2026

AutoZone, Inc.

100%

Victoria, TX

Retail

Retail Stores

South

6,480

50,739

0.05

%

None

Jan-2011

Feb-2026

AutoZone, Inc.

100%

San Antonio, TX

Retail

Retail Stores

South

5,400

42,283

0.04

%

None

Jan-2011

Feb-2026

AutoZone, Inc.

100%

Nederland, TX

Retail

Retail Stores

South

4,000

31,321

0.03

%

None

Jan-2011

Feb-2026

AutoZone, Inc.

100%

West Orange, TX

Retail

Retail Stores

South

4,000

31,321

0.03

%

None

Jan-2011

Feb-2026

AutoZone, Inc.

100%

Houston, TX

Retail

Retail Stores

South

5,400

53,488

0.05

%

None

Aug-2013

Dec-2038

AutoZone, Inc.

100%

San Antonio, TX

Retail

Retail Stores

South

5,400

55,795

0.05

%

None

Aug-2013

Dec-2038

AutoZone, Inc. Total

302,230

2,216,594

2.17

%

Lucent Technologies, Inc.

100%

Charlotte, NC

Industrial

Electronics

East

568,670

1,993,194

1.95

%

Fixed

Mar-2010

Mar-2016

Bell South Entertainment, Inc.

100%

Ft. Lauderdale, FL

Warehouse/Distribution

Telecommunications

South

80,450

611,472

0.60

%

Fixed

Jun-2009

Jun-2019

BellSouth Telecommunications, Inc.

100%

Lafayette, LA

Office

Telecommunications

South

66,846

1,351,150

1.32

%

Fixed

Dec-2009

Dec-2039

BellSouth Corporation Total

147,296

1,962,622

1.92

%

Quebecor Printing USA

100%

Doraville, GA

Industrial

Media: Printing and Publishing

South

432,559

1,940,625

1.90

%

CPI

Dec-2009

Dec-2034

Career Education Corporation

100%

Mendota Heights, MN

Other

Healthcare, Education and Childcare

Midwest

136,400

1,892,831

1.85

%

Fixed

May-2011

May-2019

Information Resources, Inc.

33%

Chicago, IL

Office

Business and Commercial Services

Midwest

30,797

683,141

0.67

%

CPI

Oct-2013

Oct-2023

Information Resources, Inc.

33%

Chicago, IL

Office

Business and Commercial Services

Midwest

53,195

1,179,801

1.15

%

CPI

Oct-2013

Oct-2015

Information Resources, Inc. Total

83,992

1,862,942

1.82

%

Fiskars Brands, Inc.

100%

Apopka, FL

Industrial

Chemicals, Plastics, Rubber, and Glass

South

260,160

1,258,273

1.23

%

CPI

Mar-2010

Mar-2035

Fiskars Brands, Inc.

100%

Apopka, FL

Industrial

Chemicals, Plastics, Rubber, and Glass

South

109,377

528,979

0.52

%

CPI

Mar-2010

Mar-2035

Fiskars Brands, Inc.

100%

Apopka, FL

Industrial

Chemicals, Plastics, Rubber, and Glass

South

5,292

25,561

0.02

%

CPI

Mar-2010

Mar-2035

Fiskars Brands, Inc. Total

374,829

1,812,813

1.77

%

Pharmaco International, Inc.

100%

Austin, TX

Industrial

Business and Commercial Services

South

65,160

639,282

0.62

%

CPI

Nov-2010

Nov-2030

Pharmaco International, Inc.

100%

Austin, TX

Warehouse/Distribution

Business and Commercial Services

South

17,588

181,889

0.18

%

CPI

Nov-2010

Nov-2030

Pharmaco International, Inc.

100%

Austin, TX

Office

Business and Commercial Services

South

8,500

92,480

0.09

%

CPI

Nov-2010

Nov-2030

Pharmaco International, Inc.

100%

Austin, TX

Office

Business and Commercial Services

South

8,525

92,765

0.09

%

CPI

Nov-2010

Nov-2030

Pharmaco International, Inc.

100%

Austin, TX

Office

Business and Commercial Services

South

8,500

92,480

0.09

%

CPI

Nov-2010

Nov-2030

Pharmaco International, Inc.

100%

Austin, TX

Office

Business and Commercial Services

South

40,560

413,825

0.40

%

CPI

Nov-2010

Nov-2030

Pharmaco International, Inc.

100%

Austin, TX

Office

Business and Commercial Services

South

24,603

260,867

0.26

%

CPI

Nov-2010

Nov-2030

Pharmaco International, Inc. Total

173,436

1,773,588

1.73

%

Sybron Dental Specialties, Inc.

100%

Romulus, MI

Industrial

Healthcare, Education and Childcare

Midwest

220,000

1,281,052

1.25

%

CPI

Dec-2018

Dec-2043

Sybron Dental Specialties, Inc.

100%

Glendora, CA

Office

Healthcare, Education and Childcare

West

25,000

489,246

0.48

%

CPI

Dec-2018

Dec-2043

Sybron Dental Specialties, Inc. Total

245,000

1,770,298

1.73

%

Unisource Worldwide, Inc.

100%

Anchorage, AK

Warehouse/Distribution

Forest Products and Paper

West

44,712

344,803

0.34

%

Fixed

Dec-2009

Dec-2029

Unisource Worldwide, Inc.

100%

Commerce, CA

Warehouse/Distribution

Forest Products and Paper

West

411,561

1,422,080

1.39

%

Fixed

Apr-2010

Apr-2030

Unisource Worldwide, Inc. Total

456,273

1,766,883

1.73

%

Brodart Company

100%

Williamsport, PA

Industrial

Consumer Non-durable Goods

East

309,030

1,015,205

0.99

%

CPI

Aug-2008

Jun-2028

Brodart Company

100%

Williamsport, PA

Industrial

Consumer Non-durable Goods

East

212,210

705,481

0.69

%

CPI

Aug-2008

Jun-2028

Brodart Company Total

521,240

1,720,686

1.68

%

Amylin Pharmaceuticals/SICOR, Inc.

50%

San Diego, CA

Office

Healthcare, Education and Childcare

West

35,951

835,705

0.82

%

CPI

Jul-2019

Jul-2029

24

											Percentage of
Tenant/Lease Guarantor	Percent Ownership		Property Location	Property Type	Tenant Industry	Region	Square Footage		Annualized Rent		Total Rent(e)			Increase Factor	Lease Expiration	Maximum Term
Amylin Pharmaceuticals/SICOR, Inc.		50%	San Diego, CA	Industrial	Healthcare, Education and Childcare	West		36,205		835,705		0.82	%	CPI	Jul-2019	Jul-2029
Amylin Pharmaceuticals/SICOR, Inc. Total								72,156		1,671,410		1.63	%
Cleo, Inc.		100%	Memphis, TN	Warehouse/Distribution	Forest Products and Paper	South		614,274		958,496		0.94	%	CPI	Dec-2010	Dec-2015
Cleo, Inc.		100%	Memphis, TN	Warehouse/Distribution	Forest Products and Paper	South		391,896		611,504		0.60	%	CPI	Dec-2010	Dec-2015
Cleo, Inc. Total								1,006,170		1,570,000		1.53	%
BE Aerospace, Inc.		100%	Lenexa, KS	Industrial	Aerospace and Defense	Midwest		130,094		636,472		0.62	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.		100%	Winston-Salem, NC	Warehouse/Distribution	Aerospace and Defense	East		90,800		255,968		0.25	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.		100%	Winston-Salem, NC	Industrial	Aerospace and Defense	East		74,026		208,675		0.20	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.		100%	Winston-Salem, NC	Industrial	Aerospace and Defense	East		50,200		141,515		0.14	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.		100%	Winston-Salem, NC	Office	Aerospace and Defense	East		43,788		123,435		0.12	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.		100%	Winston-Salem, NC	Industrial	Aerospace and Defense	East		15,402		43,420		0.04	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc.		100%	Dallas, TX	Industrial	Aerospace and Defense	South		22,680		121,233		0.12	%	Fixed	Sep-2017	Sep-2037
BE Aerospace, Inc. Total								426,990		1,530,718		1.50	%
Lowe’s Home Improvement Warehouse		100%	Bellevue, WA	Retail	Retail Stores	West		143,352		1,440,412		1.41	%	CPI	Aug-2018	Aug-2018
Sprint Spectrum, L.P.		100%	Rio Rancho, NM	Office	Telecommunications	West		94,730		1,424,561		1.39	%	Fixed	May-2011	May-2021
AT&T Corporation		100%	Bridgeton, MO	Industrial	Telecommunications	Midwest		85,510		1,307,706		1.28	%	Fixed	Sep-2011	Jun-2021
Radisson Hotels International, Inc.		100%	Livonia, MI	Hospitality	Hotels and Gaming	Midwest		158,000		1,200,000		1.17	%	Fixed	Jan-2012	Jan-2012
Hologic, Inc.		36%	Danbury, CT	Industrial	Electronics	East		22,335		221,263		0.22	%	CPI	Aug-2022	Aug-2042
Hologic, Inc.		36%	Bedford, MA	Industrial	Electronics	East		74,520		972,818		0.95	%	CPI	Aug-2022	Aug-2042
Hologic, Inc. Total								96,855		1,194,081		1.17	%
Omnicom Group, Inc.		100%	Venice, CA	Office	Business and Commercial Services	West		77,719		1,193,661		1.17	%	Other	Sep-2010	Sep-2030
United States Postal Service		100%	Bloomingdale, IL	Office	Federal, State and Local Government	Midwest		60,000		1,170,000		1.14	%	Fixed	Apr-2011	Apr-2011
OBI Group (a)		100%	Wroclaw, Poland	Retail	Retail Stores	Europe		113,570		1,125,388		1.10	%	CPI	Dec-2025	Dec-2040
Lockheed Martin Corporation		100%	Webster, TX	Industrial	Business and Commercial Services	South		30,176		294,216		0.29	%	Fixed	Jun-2010	Jun-2013
Lockheed Martin Corporation		100%	King of Prussia, PA	Office	Business and Commercial Services	East		88,578		819,347		0.80	%	Fixed	Jul-2013	Jul-2023
Lockheed Martin Corporation Total								118,754		1,113,563		1.09	%
Anthony’s Manufacturing Company, Inc.		100%	San Fernando, CA	Industrial	Consumer and Durable Goods	West		39,920		238,343		0.23	%	Other	May-2012	May-2012
Anthony’s Manufacturing Company, Inc.		100%	San Fernando, CA	Industrial	Consumer and Durable Goods	West		95,420		569,819		0.56	%	Other	May-2012	May-2012
Anthony’s Manufacturing Company, Inc.		100%	San Fernando, CA	Industrial	Consumer and Durable Goods	West		7,220		43,127		0.04	%	Other	May-2012	May-2012
Anthony’s Manufacturing Company, Inc.		100%	San Fernando, CA	Industrial	Consumer and Durable Goods	West		40,285		240,527		0.24	%	Other	May-2012	May-2012
Anthony’s Manufacturing Company, Inc. Total								182,845		1,091,816		1.07	%
Werner Co.		100%	Erlanger, KY	Warehouse/Distribution	Consumer and Durable Goods	East		409,600		797,040		0.78	%	Fixed	Jul-2015	Jul-2021
Werner Co.		100%	Erlanger, KY	Warehouse/Distribution	Consumer and Durable Goods	East		162,604		286,963		0.28	%	Fixed	Jul-2015	Jul-2021
Werner Co. Total								572,204		1,084,003		1.06	%
United Space Alliance, LLC		100%	Webster, TX	Industrial	Business and Commercial Services	South		5,856		63,245		0.06	%	None	Sep-2010	Sep-2011
United Space Alliance, LLC		100%	Webster, TX	Industrial	Business and Commercial Services	South		38,150		412,020		0.40	%	None	Sep-2010	Sep-2011
United Space Alliance, LLC		100%	Webster, TX	Industrial	Business and Commercial Services	South		2,044		22,075		0.02	%	None	Sep-2010	Sep-2011
United Space Alliance, LLC		100%	Webster, TX	Warehouse/Distribution	Business and Commercial Services	South		91,800		572,832		0.56	%	None	Sep-2010	Sep-2012
United Space Alliance LLC Total								137,850		1,070,172		1.05	%
United Stationers Supply Company		100%	New Orleans, LA	Warehouse/Distribution	Forest Products and Paper	South		59,000		366,539		0.36	%	CPI	Mar-2010	Mar-2030
United Stationers Supply Company		100%	Memphis, TN	Warehouse/Distribution	Forest Products and Paper	South		75,000		317,385		0.31	%	CPI	Mar-2010	Mar-2030
United Stationers Supply Company		100%	San Antonio, TX	Warehouse/Distribution	Forest Products and Paper	South		63,098		350,913		0.34	%	CPI	Mar-2010	Mar-2030
United Stationers Supply Company Total								197,098		1,034,837		1.01	%
Cree Microwave, LLC		100%	Sunnyvale, CA	Industrial	Electronics	West		50,311		1,026,297		1.00	%	CPI	Nov-2011	Nov-2026
Swat-Fame, Inc.		100%	City of Industry, CA	Industrial	Textiles, Leather, and Apparel	West		233,205		978,153		0.96	%	CPI	Dec-2010	Dec-2020
Consolidated Systems, Inc.		60%	Columbia, SC	Office	Mining, Metals, and Primary Metal Industries	East		24,459		68,424		0.07	%	Fixed	Oct-2026	Oct-2046
Consolidated Systems, Inc.		60%	Columbia, SC	Industrial	Mining, Metals, and Primary Metal Industries	East		294,249		823,165		0.80	%	Fixed	Oct-2026	Oct-2046
Consolidated Systems, Inc.		60%	Columbia, SC	Warehouse/Distribution	Mining, Metals, and Primary Metal Industries	East		13,792		38,582		0.04	%	Fixed	Oct-2026	Oct-2046
Consolidated Systems, Inc.		60%	Columbia, SC	Warehouse/Distribution	Mining, Metals, and Primary Metal Industries	East		6,266		17,529		0.02	%	Fixed	Oct-2026	Oct-2046
Consolidated Systems, Inc. Total								338,766		947,700		0.93	%
Hibbett Sporting Goods, Inc.		100%	Birmingham, AL	Warehouse/Distribution	Retail Stores	South		219,312		876,900		0.86	%	CPI	Dec-2014	Dec-2029
24 Hour Fitness USA, Inc.		100%	Austin, TX	Other	Leisure, Amusement, Entertainment	South		43,935		872,507		0.85	%	CPI	Jun-2017	Jun-2033
NVR, Inc.		100%	Thurmont, MD	Industrial	Construction and Building	East		150,468		687,992		0.67	%	CPI	Mar-2014	Mar-2030
NVR, Inc.		100%	Farmington, NY	Industrial	Construction and Building	East		29,273		132,805		0.13	%	CPI	Mar-2014	Mar-2030
NVR, Inc. Total								179,741		820,797		0.80	%
Deloro Satellite Company, Inc.		100%	Goshen, IN	Industrial	Mining, Metals, and Primary Metal Industries	Midwest		52,000		643,069		0.63	%	Fixed	Feb-2018	Feb-2023
Western Union Financial Services, Inc.		100%	Bridgeton, MO	Office	Banking	Midwest		78,080		637,133		0.62	%	Fixed	Nov-2016	Nov-2026

25

											Percentage of
Tenant/Lease Guarantor	Percent Ownership		Property Location	Property Type	Tenant Industry	Region	Square Footage		Annualized Rent		Total Rent(e)			Increase Factor	Lease Expiration	Maximum Term
Alcoa, Inc.		100%	Salisbury, NC	Warehouse/Distribution	Machinery	East		244,000		601,558		0.59	%	Fixed	Jun-2010	Jun-2020
Wal-Mart Stores, Inc.		100%	Greenfield, IN	Warehouse/Distribution	Retail Stores	Midwest		82,620		567,745		0.56	%	None	Jan-2010	Jan-2020
Vertafore, Inc.		100%	College Station, TX	Office	Telecommunications	South		52,552		548,741		0.54	%	Fixed	Dec-2009	Dec-2015
Childtime Childcare, Inc.		34%	Chandler, AZ	Other	Healthcare, Education and Childcare	West		2,026		35,254		0.03	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34%	Tucson, AZ	Other	Healthcare, Education and Childcare	West		2,165		36,751		0.04	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34%	Alhambra, CA	Other	Healthcare, Education and Childcare	West		2,262		53,011		0.05	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34%	Chino, CA	Other	Healthcare, Education and Childcare	West		2,166		46,300		0.05	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34%	Garden Grove, CA	Other	Healthcare, Education and Childcare	West		2,848		45,526		0.04	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34%	Tustin, CA	Other	Healthcare, Education and Childcare	West		2,264		52,598		0.05	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34%	Westland, MI	Other	Healthcare, Education and Childcare	Midwest		2,472		26,376		0.03	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34%	Westland, MI	Other	Healthcare, Education and Childcare	Midwest		2,787		34,583		0.03	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34%	Canton, MI	Other	Healthcare, Education and Childcare	Midwest		2,311		47,797		0.05	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34%	Carrollton, TX	Other	Healthcare, Education and Childcare	South		2,438		45,991		0.04	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34%	Duncanville, TX	Other	Healthcare, Education and Childcare	South		2,438		45,991		0.04	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc.		34%	Lewisville, TX	Other	Healthcare, Education and Childcare	South		2,440		45,991		0.04	%	CPI	Jan-2016	Jan-2041
Childtime Childcare, Inc. Total								28,617		516,169		0.50	%
Alstom Power		100%	Erlanger, KY	Warehouse/Distribution	Business and Commercial Services	East		197,400		484,746		0.47	%	Fixed	May-2013	May-2013
Jada Toys, Inc.		100%	City of Industry, CA	Industrial	Consumer Non-durable Goods	West		92,595		457,320		0.45	%	Fixed	Apr-2012	Apr-2017
Affiliated Foods Southwest, Inc.		100%	Hope, AR	Retail	Grocery	South		35,784		75,144		0.07	%	CPI	Mar-2012	Mar-2037
Affiliated Foods Southwest, Inc.		100%	Little Rock, AR	Retail	Grocery	South		21,932		34,745		0.03	%	CPI	Mar-2012	Mar-2022
Affiliated Foods Southwest, Inc.		100%	Little Rock, AR	Retail	Grocery	South		64,358		295,611		0.29	%	Fixed	Jan-2009	Jan-2024
Affiliated Foods Southwest, Inc. Total								122,074		405,500		0.40	%
The Retail Distribution Group, Inc.		40%	Grand Rapids, MI	Warehouse/Distribution	Beverages, Food, and Tobacco	Midwest		71,784		394,531		0.39	%	Fixed	Aug-2009	Aug-2013
Kmart Corporation		100%	Citrus Heights, CA	Retail	Retail Stores	West		89,760		180,000		0.18	%	None	May-2011	May-2026
Kmart Corporation		100%	Drayton Plains, MI	Retail	Retail Stores	Midwest		103,018		210,000		0.21	%	None	Mar-2011	Mar-2026
Kmart Corporation Total								192,778		390,000		0.38	%
Faurecia Exhaust Systems		100%	Toledo, OH	Office	Automobile	Midwest		61,000		387,415		0.38	%	CPI	Nov-2022	Nov-2022
Petrocon Engineering, Inc.		100%	Beaumont, TX	Office	Business and Commercial Services	South		8,580		76,362		0.07	%	Fixed	Dec-2011	Dec-2014
Petrocon Engineering, Inc.		100%	Beaumont, TX	Office	Business and Commercial Services	South		34,300		304,584		0.30	%	Fixed	Dec-2011	Dec-2014
Petrocon Engineering, Inc. Total								42,880		380,946		0.37	%
Pioneer Credit Recovery, Inc.		100%	Moorestown, NJ	Office	Business and Commercial Services	East		30,000		360,000		0.35	%	Fixed	Apr-2012	Apr-2018
S&ME, Inc.		100%	Raleigh, NC	Office	Business and Commercial Services	East		27,770		308,940		0.30	%	Fixed	Jul-2016	Jul-2026
The Roof Center, Inc.		100%	Manassas, VA	Industrial	Construction and Building	East		60,446		289,391		0.28	%	Fixed	Jul-2009	Jul-2009
Qwest Communications, Inc.		100%	Scottsdale, AZ	Industrial	Telecommunications	West		2,900		178,358		0.17	%	Fixed	Feb-2012	Feb-2017
Qwest Communications, Inc.		100%	Scottsdale, AZ	Industrial	Telecommunications	West		1,560		95,946		0.09	%	Fixed	Feb-2012	Feb-2017
Qwest Communications, Inc. Total								4,460		274,304		0.27	%
Penberthy, Inc.		100%	Prophetstown, IL	Industrial	Mining, Metals, and Primary Metal Industries	Midwest		161,878		268,890		0.26	%	CPI	Apr-2011	Apr-2026
Honeywell International, Inc.		100%	Houston, TX	Warehouse/Distribution	Aerospace and Defense	South		32,320		228,828		0.22	%	None	Sep-2010	Sep-2010
Honeywell International, Inc.		100%	Houston, TX	Land	Aerospace and Defense	South		1		36,000		0.04	%	None	Sep-2010	Sep-2010
Honeywell International, Inc. Total								32,321		264,828		0.26	%
Tubular Metal Systems		100%	Pinconning, MI	Industrial	Automobile	Midwest		220,588		254,538		0.25	%	CPI	Jul-2013	Dec-2022
Bell Atlantic Corporation		100%	Milton, VT	Industrial	Telecommunications	East		30,624		221,438		0.22	%	Fixed	Feb-2013	Feb-2013
Ace Hardware		100%	Houston, TX	Retail	Retail Stores	South		23,569		212,121		0.21	%	Fixed	Mar-2016	Mar-2026
Multi-Tenant Building		100%	Broomfield, CO	Office	Various	West		52,040		207,261		0.20	%	Various	Various	Various
Xerox Corporation		100%	Hot Springs, AR	Retail	Machinery	South		36,850		180,565		0.18	%	Fixed	May-2011	May-2021
Continental Airlines, Inc.		100%	Houston, TX	Warehouse/Distribution	Transportation - Personal	South		25,125		157,200		0.15	%	Fixed	Jul-2008	Jul-2008
Winn-Dixie Stores, Inc.		100%	Brewton, AL	Retail	Grocery	South		30,625		134,500		0.13	%	None	Oct-2010	Oct-2030
Golder Associates Inc.		100%	Houston, TX	Office	Business and Commercial Services	South		3,330		30,768		0.03	%	Fixed	Oct-2010	Oct-2020
Golder Associates Inc.		100%	Houston, TX	Office	Business and Commercial Services	South		8,066		74,760		0.07	%	None	Oct-2010	Oct-2020
Golder Associates Inc. Total								11,396		105,528		0.10	%
Custom Training Group, Inc.		100%	Houston, TX	Office	Healthcare, Education and Childcare	South		7,248		58,200		0.06	%	Fixed	Dec-2008	Dec-2011
Custom Training Group, Inc.		100%	Houston, TX	Office	Healthcare, Education and Childcare	South		4,456		41,172		0.04	%	None	Dec-2008	Dec-2008
Custom Training Group, Inc. Total								11,704		99,372		0.10	%
Raytheon Company		100%	Webster, TX	Industrial	Business and Commercial Services	South		9,138		82,248		0.08	%	Fixed	Jul-2010	Jul-2025
The Boeing Company		100%	Houston, TX	Warehouse/Distribution	Aerospace and Defense	South		10,960		76,320		0.07	%	Fixed	Jan-2009	Jan-2013

26

Percentage of

Tenant/Lease Guarantor

Percent Ownership

Property Location

Property Type

Tenant Industry

Region

Square Footage

Annualized Rent

Total Rent(e)

Increase Factor

Lease Expiration

Maximum Term

Bike Barn Holding Company, Inc.

100%

Houston, TX

Retail

Retail Stores

South

6,216

71,280

0.07

%

Fixed

Aug-2010

Aug-2015

Kenyon International Emergency Services

100%

Houston, TX

Warehouse/Distribution

Healthcare, Education and Childcare

South

17,725

70,014

0.07

%

None

Oct-2009

Oct-2019

Olmsted Kirk Paper Company

100%

Beaumont, TX

Office

Forest Products and Paper

South

5,760

46,656

0.05

%

Fixed

Dec-2012

Dec-2012

Jerry Prater Trucking Incorporated

100%

Salisbury, NC

Industrial

Transportation - Cargo

East

13,284

37,200

0.04

%

Fixed

Sep-2008

Sep-2012

Photo Center (c)

100%

Hot Springs, AR

Retail

Machinery

South

340

4,800

0.00

%

None

MTM

MTM

Classic Cuisines Catering

100%

Bloomingdale, IL

Office

Hotels and Gaming

Midwest

1,000

9,000

0.01

%

None

Oct-2008

Oct-2008

Vacant

100%

Bloomingdale, IL

Office

N/A

Midwest

14,084

—

—

N/A

N/A

N/A

Vacant

100%

Bloomingdale, IL

Office

N/A

Midwest

36,967

—

—

N/A

N/A

N/A

Vacant

100%

Bloomingdale, IL

Office

N/A

Midwest

3,949

—

—

N/A

N/A

N/A

Vacant

100%

Broomfield, CO

Office

N/A

West

5,517

—

—

N/A

N/A

N/A

Vacant

100%

Broomfield, CO

Office

N/A

West

6,357

—

—

N/A

N/A

N/A

Vacant

100%

Broomfield, CO

Office

N/A

West

2,670

—

—

N/A

N/A

N/A

Vacant

100%

Broomfield, CO

Office

N/A

West

1,650

—

—

N/A

N/A

N/A

Vacant

100%

Broomfield, CO

Office

N/A

West

4,341

—

—

N/A

N/A

N/A

Vacant

100%

Broomfield, CO

Office

N/A

West

22,477

—

—

N/A

N/A

N/A

Vacant

100%

Broomfield, CO

Office

N/A

West

3,450

—

—

N/A

N/A

N/A

Vacant

100%

Broomfield, CO

Office

N/A

West

5,953

—

—

N/A

N/A

N/A

Vacant

100%

Chattanooga, TN

Industrial

N/A

South

242,317

—

—

N/A

N/A

N/A

Vacant

100%

Houston, TX

Office

N/A

South

7,306

—

—

N/A

N/A

N/A

Vacant

100%

Houston, TX

Office

N/A

South

5,632

—

—

N/A

N/A

N/A

Vacant

100%

Houston, TX

Office

N/A

South

7,860

—

—

N/A

N/A

N/A

Vacant

100%

Houston, TX

Office

N/A

South

5,742

—

—

N/A

N/A

N/A

Vacant

100%

Jacksonville, FL

Warehouse/Distribution

N/A

South

240,000

—

—

N/A

N/A

N/A

Vacant

100%

Montgomery, AL

Retail

N/A

South

32,690

—

—

N/A

N/A

N/A

Vacant

100%

Moorestown, NJ

Office

N/A

East

35,567

—

—

N/A

N/A

N/A

Vacant

100%

Salisbury, NC

Warehouse/Distribution

N/A

East

43,000

—

—

N/A

N/A

N/A

Vacant

100%

Salisbury, NC

Office

N/A

East

10,681

—

—

N/A

N/A

N/A

Vacant

100%

San Leandro, CA

Land

N/A

West

1

—

—

N/A

N/A

N/A

Vacant

100%

Webster, TX

Industrial

N/A

South

23,214

—

—

N/A

N/A

N/A

Vacant

100%

West Mifflin, PA

Retail

N/A

East

121,053

—

—

N/A

N/A

N/A

Vacant Total

882,478

—

—

Grand Total (d)

17,437,146

$

102,290,317

100

%

(a)	Rents reflect a conversion rate of 1.5799 USD/EUR as of June 30, 2008.
(b)	INSEE construction index, an index published quarterly by the French Government.
(c)	Tenant is occupying property on a month-to-month (MTM) basis.
(d)	Excludes our investment in 13 domestic self-storage properties totaling approximately 0.9 million square feet as of June 30, 2008.
(e)	Numbers may not add due to rounding.

27