0001175535-15-000040.txt : 20150807 0001175535-15-000040.hdr.sgml : 20150807 20150807163620 ACCESSION NUMBER: 0001175535-15-000040 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20150630 FILED AS OF DATE: 20150807 DATE AS OF CHANGE: 20150807 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Whitestone REIT CENTRAL INDEX KEY: 0001175535 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 760594970 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-34855 FILM NUMBER: 151037996 BUSINESS ADDRESS: STREET 1: 2600 SOUTH GESSNER STREET 2: SUITE 500 CITY: HOUSTON STATE: TX ZIP: 77063 BUSINESS PHONE: 713-827-9595 MAIL ADDRESS: STREET 1: 2600 SOUTH GESSNER STREET 2: SUITE 500 CITY: HOUSTON STATE: TX ZIP: 77063 FORMER COMPANY: FORMER CONFORMED NAME: HARTMAN COMMERCIAL PROPERTIES REIT DATE OF NAME CHANGE: 20020613 10-Q 1 wsr10-q2015x06.htm 10-Q WSR 10-Q (2015-06)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q
 
(Mark One)
[x]
QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2015

OR

[ ]
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to ____________

Commission file number 001-34855
WHITESTONE REIT
(Exact Name of Registrant as Specified in Its Charter)
 
Maryland
 
76-0594970
(State or Other Jurisdiction of
Incorporation or Organization)
 
(I.R.S. Employer
Identification No.)

2600 South Gessner, Suite 500
Houston, Texas
 
77063
(Address of Principal Executive Offices)
 
(Zip Code)

(713) 827-9595
(Registrant's Telephone Number, Including Area Code)
 
N/A
(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  ýYes     ¨No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  ýYes    ¨No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
 
Large accelerated filer ¨                                                                                      Accelerated filer ý
Non-accelerated filer ¨                                                                                       Smaller reporting company ¨
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ¨Yes   ý No

As of August 5, 2015, there were 26,977,682 common shares of beneficial interest, $0.001 par value per share, outstanding.


PART I - FINANCIAL INFORMATION


PART II - OTHER INFORMATION




PART I. FINANCIAL INFORMATION
Item 1. Financial Statements.
Whitestone REIT and Subsidiaries
CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)

 
 
June 30, 2015
 
December 31, 2014
 
 
(unaudited)
 
 
ASSETS
Real estate assets, at cost
 
 
 
 
Property
 
$
730,165

 
$
673,655

Accumulated depreciation
 
(80,138
)
 
(71,587
)
Total real estate assets
 
650,027

 
602,068

Cash and cash equivalents
 
6,251

 
4,236

Marketable securities
 
422

 
973

Escrows and acquisition deposits
 
4,864

 
4,092

Accrued rents and accounts receivable, net of allowance for doubtful accounts
 
12,830

 
11,834

Unamortized lease commissions and loan costs
 
8,351

 
8,879

Prepaid expenses and other assets
 
2,858

 
2,215

Total assets
 
$
685,603

 
$
634,297

 
 
 
 
 
LIABILITIES AND EQUITY
Liabilities:
 
 
 
 
Notes payable
 
$
403,287

 
$
394,093

Accounts payable and accrued expenses
 
15,940

 
15,882

Tenants' security deposits
 
4,639

 
4,372

Dividends and distributions payable
 
7,800

 
6,627

Total liabilities
 
431,666

 
420,974

Commitments and contingencies:
 
—

 
—

Equity:
 
 
 
 
Preferred shares, $0.001 par value per share; 50,000,000 shares authorized; none issued and outstanding as of June 30, 2015 and December 31, 2014
 
—

 
—

Common shares, $0.001 par value per share; 400,000,000 shares authorized; 26,978,270 and 22,835,695 issued and outstanding as of June 30, 2015 and December 31, 2014, respectively
 
27

 
23

Additional paid-in capital
 
356,517

 
304,078

Accumulated deficit
 
(105,140
)
 
(93,938
)
Accumulated other comprehensive loss
 
(461
)
 
(91
)
Total Whitestone REIT shareholders' equity
 
250,943

 
210,072

Noncontrolling interest in subsidiary
 
2,994

 
3,251

Total equity
 
253,937

 
213,323

Total liabilities and equity
 
$
685,603

 
$
634,297



See accompanying notes to Consolidated Financial Statements

1

Whitestone REIT and Subsidiaries
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(Unaudited)
(in thousands, except per share data)

 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2015
 
2014
 
2015
 
2014
Property revenues
 
 
 
 
 
 
 
 
Rental revenues
 
$
17,176

 
$
13,443

 
$
33,641

 
$
27,057

Other revenues
 
4,794

 
3,819

 
9,581

 
7,580

Total property revenues
 
21,970

 
17,262

 
43,222

 
34,637

 
 
 
 
 
 
 
 
 
Property expenses
 
 
 
 
 
 
 
 
Property operation and maintenance
 
4,339

 
4,013

 
8,422

 
7,537

Real estate taxes
 
2,925

 
2,205

 
5,829

 
4,482

Total property expenses
 
7,264

 
6,218

 
14,251

 
12,019

 
 
 
 
 
 
 
 
 
Other expenses (income)
 
 
 
 
 
 
 
 
General and administrative
 
4,998

 
3,582

 
9,483

 
6,539

Depreciation and amortization
 
4,675

 
3,834

 
9,239

 
7,663

Interest expense
 
3,516

 
2,434

 
6,924

 
4,763

Interest, dividend and other investment income
 
(162
)
 
(19
)
 
(171
)
 
(40
)
Total other expense
 
13,027

 
9,831

 
25,475

 
18,925

 
 
 
 
 
 
 
 
 
Income from continuing operations before gain (loss) on sale or disposal of assets and income taxes
 
1,679

 
1,213

 
3,496

 
3,693

 
 
 
 
 
 
 
 
 
Provision for income taxes
 
(91
)
 
(55
)
 
(174
)
 
(136
)
Gain (loss) on sale or disposal of assets
 
5

 
(24
)
 
(100
)
 
(111
)
Income from continuing operations
 
1,593

 
1,134

 
3,222

 
3,446

 
 
 
 
 
 
 
 
 
Income (loss) from discontinued operations
 
(33
)
 
146

 
(41
)
 
266

Income (loss) from discontinued operations
 
(33
)
 
146

 
(41
)
 
266

 
 
 
 
 
 
 
 
 
Net income
 
1,560

 
1,280

 
3,181

 
3,712

 
 
 
 
 
 
 
 
 
Less: Net income attributable to noncontrolling interests
 
26

 
27

 
53

 
87

 
 
 
 
 
 
 
 
 
Net income attributable to Whitestone REIT
 
$
1,534

 
$
1,253

 
$
3,128

 
$
3,625










See accompanying notes to Consolidated Financial Statements

2

Whitestone REIT and Subsidiaries
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(Unaudited)
(in thousands, except per share data)

 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2015
 
2014
 
2015
 
2014
Basic Earnings Per Share:
 
 
 
 
 
 
 
 
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares
 
$
0.06

 
$
0.05

 
$
0.13

 
$
0.15

Income from discontinued operations attributable to Whitestone REIT
 
0.00

 
0.00

 
0.00

 
0.01

Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares
 
$
0.06

 
$
0.05

 
$
0.13

 
$
0.16

Diluted Earnings Per Share:
 
 
 
 
 
 
 
 
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares
 
$
0.06

 
$
0.05

 
$
0.12

 
$
0.15

Income from discontinued operations attributable to Whitestone REIT
 
0.00

 
0.00

 
0.00

 
0.01

Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares
 
$
0.06

 
$
0.05

 
$
0.12

 
$
0.16

 
 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding:
 
 
 
 
 
 
 
 
Basic
 
22,869

 
22,235

 
22,724

 
22,030

Diluted
 
23,401

 
22,443

 
23,314

 
22,192

 
 
 
 
 
 
 
 
 
Distributions declared per common share / OP unit
 
$
0.2850

 
$
0.2850

 
$
0.5700

 
$
0.5700

 
 
 
 
 
 
 
 
 
Consolidated Statements of Comprehensive Income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
1,560

 
$
1,280

 
$
3,181

 
$
3,712

 
 
 
 
 
 
 
 
 
Other comprehensive gain (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on cash flow hedging activities
 
43

 
(259
)
 
(276
)
 
(297
)
Unrealized gain (loss) on available-for-sale marketable securities
 
(139
)
 
22

 
(98
)
 
105

 
 
 
 
 
 
 
 
 
Comprehensive income
 
1,464

 
1,043

 
2,807

 
3,520

 
 
 
 
 
 
 
 
 
Less: Comprehensive income attributable to noncontrolling interests
 
24

 
23

 
47

 
82

 
 
 
 
 
 
 
 
 
Comprehensive income attributable to Whitestone REIT
 
$
1,440

 
$
1,020

 
$
2,760

 
$
3,438




See accompanying notes to Consolidated Financial Statements

3

Whitestone REIT and Subsidiaries
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
(Unaudited)
(in thousands)

 
 
 
 
 
 
 
 
 
 
Accumulated
 
 
 
 
 
 
 
 
 
 
 
 
Additional
 
 
 
Other
 
Total
 
Noncontrolling
 
 
 
 
Common Shares
 
Paid-In
 
Accumulated
 
Comprehensive
 
Shareholders'
 
interests
 
Total
 
 
Shares
 
Amount
 
Capital
 
Deficit
 
Gain (Loss)
 
Equity
 
Units
 
Dollars
 
Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2014
 
22,836

 
$
23

 
$
304,078

 
$
(93,938
)
 
$
(91
)
 
$
210,072

 
398

 
$
3,251

 
$
213,323

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exchange of noncontrolling interest OP units for common shares
 
8

 
—

 
84

 
—

 
(3
)
 
81

 
(8
)
 
(81
)
 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Issuance of shares under dividend reinvestment plan
 
3

 
—

 
47

 
—

 
—

 
47

 
—

 
—

 
47

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Issuance of common shares, net of offering costs
 
3,750

 
4

 
49,721

 
—

 
—

 
49,725

 
—

 
—

 
49,725

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Repurchase of common shares (1)
 
(52
)
 
—

 
(772
)
 
—

 
—

 
(772
)
 
—

 
—

 
(772
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Share-based compensation
 
433

 
—

 
3,359

 
—

 
—

 
3,359

 
—

 
—

 
3,359

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Distributions
 
—

 
—

 
—

 
(14,330
)
 
—

 
(14,330
)
 
—

 
(222
)
 
(14,552
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized loss on change in value of cash flow hedge
 
—

 
—

 
—

 
—

 
(271
)
 
(271
)
 
—

 
(5
)
 
(276
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized loss on change in fair value of available-for-sale marketable securities
 
—

 
—

 
—

 
—

 
(96
)
 
(96
)
 
—

 
(2
)
 
(98
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
—

 
—

 
—

 
3,128

 
—

 
3,128

 
—

 
53

 
3,181

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, June 30, 2015
 
26,978

 
$
27

 
$
356,517

 
$
(105,140
)
 
$
(461
)
 
$
250,943

 
390

 
$
2,994

 
$
253,937


(1) 
During the six months ended June 30, 2015, the Company acquired common shares held by employees who tendered owned common shares to satisfy the tax withholding on the lapse of certain restrictions on restricted common shares.



See accompanying notes to Consolidated Financial Statements


4

Whitestone REIT and Subsidiaries
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(in thousands)
 
 
Six Months Ended June 30,
 
 
2015
 
2014
 
 
 
 
 
Cash flows from operating activities:
 
 
 
 
Net income from continuing operations
 
$
3,222

 
$
3,446

Net income (loss) from discontinued operations
 
(41
)
 
266

Net income
 
3,181

 
3,712

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
Depreciation and amortization
 
9,239

 
7,663

Amortization of deferred loan costs
 
601

 
405

Amortization of notes payable discount
 
149

 
153

Gain on sale of marketable securities
 
(44
)
 
—

Loss on sale or disposal of assets and properties
 
100

 
111

Bad debt expense
 
771

 
1,052

Share-based compensation
 
3,359

 
1,564

Changes in operating assets and liabilities:
 
 
 
 
Escrows and acquisition deposits
 
(772
)
 
(324
)
Accrued rent and accounts receivable
 
(1,767
)
 
(1,357
)
Unamortized lease commissions
 
(610
)
 
(557
)
Prepaid expenses and other assets
 
323

 
345

Accounts payable and accrued expenses
 
(235
)
 
(739
)
Tenants' security deposits
 
267

 
219

Net cash provided by operating activities
 
14,603

 
11,981

Net cash provided by (used in) operating activities of discontinued operations
 
(41
)
 
250

Cash flows from investing activities:
 
 
 
 
Acquisitions of real estate
 
(51,800
)
 
—

Additions to real estate
 
(5,009
)
 
(4,847
)
Proceeds from sales of marketable securities
 
496

 
—

Net cash used in investing activities
 
(56,313
)
 
(4,847
)
Net cash used in investing activities of discontinued operations
 
—

 
(143
)
Cash flows from financing activities:
 
 
 
 
Distributions paid to common shareholders
 
(13,127
)
 
(12,598
)
Distributions paid to OP unit holders
 
(224
)
 
(310
)
Proceeds from issuance of common shares, net of offering costs
 
49,725

 
5,267

Payments of exchange offer costs
 
—

 
(6
)
Proceeds from revolving credit facility, net
 
9,500

 
3,000

Repayments of notes payable
 
(1,336
)
 
(1,114
)
Repurchase of common shares
 
(772
)
 
(24
)
Net cash provided by (used in) financing activities
 
43,766

 
(5,785
)
Net cash used in financing activities of discontinued operations
 
—

 
(2,905
)
Net increase (decrease) in cash and cash equivalents
 
2,015

 
(1,449
)
Cash and cash equivalents at beginning of period
 
4,236

 
6,491

Cash and cash equivalents at end of period
 
$
6,251

 
$
5,042


See accompanying notes to Consolidated Financial Statements

5

Whitestone REIT and Subsidiaries
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(in thousands)

 
 
Six Months Ended June 30,
 
 
2015
 
2014
Supplemental disclosure of cash flow information:
 
 
 
 
Cash paid for interest
 
$
6,409

 
$
4,447

Cash paid for taxes
 
$
315

 
$
238

Non cash investing and financing activities:
 
 
 
 
Disposal of fully depreciated real estate
 
$
48

 
$
2,560

Financed insurance premiums
 
$
1,057

 
$
888

Value of shares issued under dividend reinvestment plan
 
$
47

 
$
50

Value of common shares exchanged for OP units
 
$
81

 
$
870

Change in fair value of available-for-sale securities
 
$
(98
)
 
$
105

Change in fair value of cash flow hedge
 
$
(276
)
 
$
(297
)


























See accompanying notes to Consolidated Financial Statements


6
WHITESTONE REIT AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2015
(Unaudited)

The use of the words “we,” “us,” “our,” “Company” or “Whitestone” refers to Whitestone REIT and our consolidated subsidiaries, except where the context otherwise requires.

1.  INTERIM FINANCIAL STATEMENTS
 
The consolidated financial statements included in this report are unaudited; however, amounts presented in the consolidated balance sheet as of December 31, 2014 are derived from our audited consolidated financial statements as of that date.  The unaudited financial statements as of and for the period ended June 30, 2015 have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information on a basis consistent with the annual audited consolidated financial statements and with the instructions to Form 10-Q.
 
The consolidated financial statements presented herein reflect all adjustments which, in the opinion of management, are necessary for a fair presentation of the financial position of Whitestone and our subsidiaries as of June 30, 2015, and the results of operations for the three and six month periods ended June 30, 2015 and 2014, the consolidated statements of changes in equity for the six month period ended June 30, 2015 and cash flows for the six month periods ended June 30, 2015 and 2014.  All of these adjustments are of a normal recurring nature.  The results of operations for the interim periods are not necessarily indicative of the results expected for a full year.  The statements should be read in conjunction with the audited consolidated financial statements and the notes thereto which are included in our Annual Report on Form 10-K for the year ended December 31, 2014.
 
Business.  Whitestone was formed as a real estate investment trust (“REIT”), pursuant to the Texas Real Estate Investment Trust Act on August 20, 1998.  In July 2004, we changed our state of organization from Texas to Maryland pursuant to a merger where we merged directly with and into a Maryland REIT formed for the sole purpose of the reorganization and the conversion of each of our outstanding common shares of beneficial interest of the Texas entity into 1.42857 common shares of beneficial interest of the Maryland entity.  We serve as the general partner of Whitestone REIT Operating Partnership, L.P. (the “Operating Partnership”), which was formed on December 31, 1998 as a Delaware limited partnership.  We currently conduct substantially all of our operations and activities through the Operating Partnership.  As the general partner of the Operating Partnership, we have the exclusive power to manage and conduct the business of the Operating Partnership, subject to certain customary exceptions.  As of June 30, 2015 and December 31, 2014, Whitestone owned and operated 65 and 63 commercial properties, respectively, in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix and San Antonio.


2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
Basis of Consolidation.  We are the sole general partner of the Operating Partnership and possess full legal control and authority over the operations of the Operating Partnership.  As of June 30, 2015 and December 31, 2014, we owned a majority of the partnership interests in the Operating Partnership.  Consequently, the accompanying consolidated financial statements include the accounts of the Operating Partnership.  All significant inter-company balances have been eliminated. Noncontrolling interests in the accompanying consolidated financial statements represents the share of equity and earnings of the Operating Partnership allocable to holders of partnership interests other than us.  Net income or loss is allocated to noncontrolling interests based on the weighted average percentage ownership of the Operating Partnership during the period.  Issuance of additional common shares of beneficial interest in Whitestone (the “common shares”) and units of limited partnership interest in the Operating Partnership that are convertible into cash or, at our option, common shares on a one-for-one basis (the “OP units”) changes the ownership interests of both the noncontrolling interests and Whitestone.
  
Basis of Accounting.  Our financial records are maintained on the accrual basis of accounting whereby revenues are recognized when earned and expenses are recorded when incurred.
 

7
WHITESTONE REIT AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2015
(Unaudited)

Use of Estimates.   The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates that we use include the estimated fair values of properties acquired, the estimated useful lives for depreciable and amortizable assets and costs, the estimated allowance for doubtful accounts, the estimated fair value of interest rate swaps and the estimates supporting our impairment analysis for the carrying values of our real estate assets.  Actual results could differ from those estimates.
 
Reclassifications.  We have reclassified certain prior period amounts in the accompanying consolidated financial statements in order to be consistent with the current period presentation.  These reclassifications had no effect on net income, total assets, total liabilities or equity.
 
Marketable Securities. We classify our existing marketable equity securities as available-for-sale in accordance with the Financial Accounting Standards Board's (“FASB”) Investments-Debt and Equity Securities guidance. These securities are carried at fair value with unrealized gains and losses reported in equity as a component of accumulated other comprehensive income or loss. The fair value of the marketable securities is determined using Level 1 inputs under FASB Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures.” Level 1 inputs represent quoted prices available in an active market for identical investments as of the reporting date. Gains and losses on securities sold are based on the specific identification method, and are reported as a component of interest, dividend and other investment income.

Derivative Instruments and Hedging Activities. We occasionally utilize derivative financial instruments, principally interest rate swaps, to manage our exposure to fluctuations in interest rates. We have established policies and procedures for risk assessment, and the approval, reporting and monitoring of derivative financial instruments. We recognize our interest rate swaps as cash flow hedges with the effective portion of the changes in fair value recorded in comprehensive income (loss) and subsequently reclassified into earnings in the period that the hedged transaction affects earnings. Any ineffective portion of a cash flow hedges' change in fair value is recorded immediately into earnings. Our cash flow hedges are determined using Level 2 inputs under ASC 820. Level 2 inputs represent quoted prices in active markets for similar assets or liabilities; quoted prices in markets that are not active; and model-derived valuations whose inputs are observable. As of June 30, 2015, we consider our cash flow hedges to be highly effective.
        
Development Properties. Land, buildings and improvements are recorded at cost. Expenditures related to the development of real estate are carried at cost which includes capitalized carrying charges and development costs. Carrying charges (interest, real estate taxes, loan fees, and direct and indirect development costs related to buildings under construction), are capitalized as part of construction in progress. The capitalization of such costs ceases when the property, or any completed portion, becomes available for occupancy. For the three months ended June 30, 2015, approximately $32,000 and $21,000 in interest expense and real estate taxes, respectively, were capitalized, and for the six months ended June 30, 2015, approximately $58,000 and $37,000 in interest expense and real estate taxes, respectively, were capitalized. For the three months ended June 30, 2014, approximately $26,000 and $7,000 in interest expense and real estate taxes, respectively, were capitalized, and for the six months ended June 30, 2014, approximately $51,000 and $32,000 in interest expense and real estate taxes, respectively, were capitalized.

Share-Based Compensation.   From time to time, we award nonvested restricted common share awards or restricted common share unit awards, which may be converted into common shares, to executive officers and employees under our 2008 Long-Term Equity Incentive Ownership Plan (the “2008 Plan”).  The vast majority of the awarded shares and units vest when certain performance conditions are met.  We recognize compensation expense when achievement of the performance conditions is probable based on management's most recent estimates using the fair value of the shares as of the grant date. We recognized $1,669,000 and $1,234,000 in share-based compensation for the three months ended June 30, 2015 and 2014, respectively, and we recognized $3,343,000 and $1,607,000 in share-based compensation for the six months ended June 30, 2015 and 2014, respectively.


8
WHITESTONE REIT AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2015
(Unaudited)

Noncontrolling Interests.  Noncontrolling interests is the portion of equity in a subsidiary not attributable to a parent.  The ownership interests not held by the parent are considered noncontrolling interests.  Accordingly, we have reported noncontrolling interests in equity on the consolidated balance sheets but separate from Whitestone's equity.  On the consolidated statements of operations, subsidiaries are reported at the consolidated amount, including both the amount attributable to Whitestone and noncontrolling interests.  The consolidated statement of changes in equity is included for quarterly financial statements, including beginning balances, activity for the period and ending balances for shareholders' equity, noncontrolling interests and total equity.
 
See our Annual Report on Form 10-K for the year ended December 31, 2014 for further discussion on significant accounting policies.
 
Recent Accounting Pronouncements.  In April 2014, the FASB issued guidance updating the criteria for reporting the disposal of a component of an entity as a discontinued operation. This guidance was effective for reporting periods beginning on or after December 15, 2014 with early adoption permitted only for disposals that have not been reported in financial statements previously issued or available for issuance. We have adopted the guidance beginning with the year ended December 31, 2014.

In April 2015, the FASB issued guidance requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. This guidance is effective retrospectively for reporting periods beginning on or after December 15, 2015 with early adoption permitted only for financial statements that have not been previously issued. We are currently in the process of evaluating the impact of adoption on our consolidated balance sheets.

3. MARKETABLE SECURITIES

All of our marketable securities were classified as available-for-sale securities as of June 30, 2015 and December 31, 2014. Available-for-sale securities consisted of the following (in thousands):

 
 
June 30, 2015
 
 
Amortized Cost
 
Gains in Accumulated Other Comprehensive Income
 
Losses in Accumulated Other Comprehensive Income
 
Estimated Fair Value
Real estate sector common stock
 
$
654

 
$
—

 
$
(232
)
 
$
422

Total available-for-sale securities
 
$
654

 
$
—

 
$
(232
)
 
$
422


 
 
December 31, 2014
 
 
Amortized Cost
 
Gains in Accumulated Other Comprehensive Income
 
Losses in Accumulated Other Comprehensive Income
 
Estimated Fair Value
Real estate sector common stock
 
$
1,106

 
$
—

 
$
(133
)
 
$
973

Total available-for-sale securities
 
$
1,106

 
$
—

 
$
(133
)
 
$
973


During the three and six months ended June 30, 2015, available-for-sale securities were sold for total proceeds of $496,000. The gross realized gain on these sales during the three months ended June 30, 2015 were $44,000. During the three and six months ended June 30, 2014, no available-for-sale securities were sold. For the purpose of determining gross realized gains and losses, the cost of securities sold is based on specific identification. A net unrealized holding loss on available-for-sale securities in the amount of $232,000 and $124,000 for the six months ended June 30, 2015 and 2014, respectively, has been included in accumulated other comprehensive income.


9
WHITESTONE REIT AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2015
(Unaudited)

4. ACCRUED RENTS AND ACCOUNTS RECEIVABLE, NET

Accrued rents and accounts receivable, net consists of amounts accrued, billed and due from tenants, allowance for doubtful accounts and other receivables as follows (in thousands):

 
 
June 30, 2015
 
December 31, 2014
 
 
 
 
 
Tenant receivables
 
$
9,167

 
$
7,998

Accrued rents and other recoveries
 
9,156

 
8,800

Allowance for doubtful accounts
 
(5,493
)
 
(4,964
)
Total
 
$
12,830

 
$
11,834


5. UNAMORTIZED LEASE COMMISSIONS AND LOAN COSTS

Costs which have been deferred consist of the following (in thousands):
 
 
June 30, 2015
 
December 31, 2014
 
 
 
 
 
Lease commissions
 
$
6,121

 
$
5,936

Deferred financing cost
 
5,821

 
5,785

Total cost
 
11,942

 
11,721

Less: lease commissions accumulated amortization
 
(2,521
)
 
(2,373
)
Less: deferred financing cost accumulated amortization
 
(1,070
)
 
(469
)
Total cost, net of accumulated amortization
 
$
8,351

 
$
8,879


6. DEBT

Certain subsidiaries of Whitestone are the borrowers under various financing arrangements. These subsidiaries are separate legal entities and their respective assets and credit are not available to satisfy the debt of Whitestone or any of its other subsidiaries.

10

Debt consisted of the following as of the dates indicated (in thousands):
Description
 
June 30, 2015
 
December 31, 2014
Fixed rate notes
 
 
 
 
$10.5 million, LIBOR plus 2.00% Note, due September 24, 2018 (1)
 
$
10,340

 
$
10,460

$50.0 million, 0.84% plus 1.75% to 2.50% Note, due February 17, 2017 (2)
 
50,000

 
50,000

$37.0 million 3.76% Note, due December 1, 2020
 
35,623

 
36,090

$6.5 million 3.80% Note, due January 1, 2019
 
6,273

 
6,355

$19.0 million 4.15% Note, due December 1, 2024
 
19,000

 
19,000

$20.2 million 4.28% Note, due June 6, 2023
 
20,200

 
20,200

$14.0 million 4.34% Note, due September 11, 2024
 
14,000

 
14,000

$14.3 million 4.34% Note, due September 11, 2024
 
14,300

 
14,300

$16.5 million 4.97% Note, due September 26, 2023
 
16,450

 
16,450

$15.1 million 4.99% Note, due January 6, 2024
 
15,060

 
15,060

$9.2 million, Prime Rate less 2.00%, due December 29, 2017 (3)
 
7,887

 
7,888

$2.6 million 5.46% Note, due October 1, 2023
 
2,568

 
2,583

$11.1 million 5.87% Note, due August 6, 2016
 
11,457

 
11,607

$0.9 million 2.97% Note, due November 28, 2015
 
529

 
—

Floating rate notes
 
 
 
 
Unsecured line of credit, LIBOR plus 1.40% to 1.95%, due November 7, 2018
 
129,600

 
120,100

$50.0 million, LIBOR plus 1.35% to 1.90% Note, due November 7, 2019
 
50,000

 
50,000

 
 
$
403,287

 
$
394,093


(1) 
Promissory note includes an interest rate swap that fixed the interest rate at 3.55% for the duration of the term.

(2) 
Promissory note includes an interest rate swap that fixed the LIBOR portion of our $50 million term loan under our previous unsecured revolving credit facility at 0.84%.

(3) 
Promissory note includes an interest rate swap that fixed the interest rate at 5.72% for the duration of the term. As part of our acquisition of Paradise Plaza in August 2012, we recorded a discount on the note of $1.3 million, which amortizes into interest expense over the life of the loan and results in an imputed interest rate of 4.13%.

On December 24, 2014, we assumed a $2.6 million promissory note as part of our acquisition of the hard corner at Village Square at Dana Park (See Note 14). The 5.46% fixed interest rate note matures October 1, 2023.

On November 26, 2014, we, operating through our subsidiary, Whitestone Headquarters Village, LLC, a Delaware limited liability company, entered into a $19.0 million promissory note (the “Headquarters Note”), with a fixed interest rate of 4.15% payable to Morgan Stanley Bank, N.A. and a maturity date of December 1, 2024. Proceeds from the Headquarters Note were used to repay a portion of our unsecured revolving credit facility.

On November 7, 2014, we, through our Operating Partnership, entered into an unsecured revolving credit facility (the “Facility”) with the lenders party thereto, with BMO Capital Markets, Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and U.S. Bank, National Association, as co-lead arrangers and joint book runners, and Bank of Montreal, as administrative agent (the “Agent”). The Facility amended and restated our previous unsecured revolving credit facility. Proceeds from the Facility were used for general corporate purposes, including property acquisitions, debt repayment, capital expenditures, the expansion, redevelopment and re-tenanting of properties in our portfolio and working capital. We intend to use the additional proceeds from the Facility for general corporate purposes, including property acquisitions, debt repayment, capital expenditure, the expansion, redevelopment and re-tenanting of properties in our portfolio and working capital.


11

The Facility is comprised of three tranches:

•
$400 million unsecured revolving credit facility (the “Revolver”);
•
$50 million unsecured term loan (the “Term Loan 1”); and
•
$50 million unsecured term loan (the “Term Loan 2”).

The Facility includes an accordion feature that will allow the Operating Partnership to increase the borrowing capacity to $700 million, upon the satisfaction of certain conditions. The Revolver will mature on November 7, 2018, with an option to extend for one additional year to November 7, 2019, subject to certain conditions, including payment of an extension fee. The Term Loan 1 will mature on February 17, 2017, and the Term Loan 2 will mature on November 7, 2019.

Borrowings under the Facility accrue interest (at the Operating Partnership's option) at a Base Rate or an Adjusted LIBOR plus an applicable margin based upon our then existing leverage. The applicable margin for Adjusted LIBOR borrowings ranges from 1.40% to 1.95% for the Revolver and 1.35% to 1.90% for the term loans. Base Rate means the higher of: (a) the Agent's prime commercial rate, (b) the sum of (i) the average rate quoted by the Agent by two or more federal funds brokers selected by the Agent for sale to the Agent at face value of federal funds in the secondary market in an amount equal or comparable to the principal amount for which such rate is being determined, plus (ii) 1/2 of 1.00%, and (c) the LIBOR rate for such day plus 1.00%. Adjusted LIBOR means LIBOR divided by one minus the Eurodollar Reserve Percentage. The Eurodollar Reserve Percentage means the maximum reserve percentage at which reserves are imposed by the Board of Governors of the Federal Reserve System on eurocurrency liabilities.

We serve as the guarantor for funds borrowed by the Operating Partnership under the Facility. The Facility contains customary terms and conditions, including, without limitation, affirmative and negative covenants such as information reporting requirements, maximum secured indebtedness to total asset value, minimum EBITDA (earnings before interest, taxes, depreciation, amortization or extraordinary items) to fixed charges, and maintenance of a minimum net worth. The Facility also contains customary events of default with customary notice and cure, including, without limitation, nonpayment, breach of covenant, misrepresentation of representations and warranties in a material respect, cross-default to other major indebtedness, change of control, bankruptcy and loss of REIT tax status. As of June 30, 2015, we were in compliance with all covenants under the Facility.

As of June 30, 2015, $229.6 million was drawn on the Facility, and our remaining borrowing capacity was $270.4 million. Proceeds from the Facility were used for general corporate purposes, including property acquisitions, debt repayment, capital expenditures, the expansion, redevelopment and retenanting of properties in our portfolio and working capital.

On September 3, 2014, we, operating through our subsidiary, Whitestone Pecos Ranch, LLC, a Delaware limited liability company, entered into a $14.0 million promissory note (the “Pecos Note”), with a fixed interest rate of 4.34% payable to Wells Fargo Bank, National Association and a maturity date of September 11, 2024. Proceeds from the Pecos Note were used to repay a portion of our previous unsecured revolving credit facility.

On August 26, 2014, we, operating through our subsidiary, Whitestone Shops at Starwood, LLC, a Delaware limited liability company, entered into a $14.3 million promissory note (the “Starwood Note”), with a fixed interest rate of 4.34% payable to Wells Fargo Bank, National Association and a maturity date of September 11, 2024. Proceeds from the Starwood Note were used to repay a portion of our previous unsecured revolving credit facility.

As of June 30, 2015, our $173.2 million in secured debt was collateralized by 20 properties with a carrying value of $215.7 million.  Our loans contain restrictions that would require the payment of prepayment penalties for the acceleration of outstanding debt and are secured by deeds of trust on certain of our properties and by assignment of the rents and leases associated with those properties.  As of June 30, 2015, we were in compliance with all loan covenants.


12

Scheduled maturities of our outstanding debt as of June 30, 2015 were as follows (in thousands):
Year
 
Amount Due
 
 
 
2015
 
$
1,549

2016
 
13,269

2017
 
60,212

2018
 
141,736

2019
 
58,049

Thereafter
 
128,472

Total
 
$
403,287

 
7.  DERIVATIVES AND HEDGING ACTIVITIES

The fair value of our interest rate swaps is as follows (in thousands):
 
 
Balance Sheet Location
 
Estimated Fair Value
Interest rate swaps:
 
 
 
 
June 30, 2015
 
Accounts payable and accrued expenses
 
$
1,116

December 31, 2014
 
Accounts payable and accrued expenses
 
$
1,016


A summary of our interest rate swap activity is as follows (in thousands):
 
 
Amount Recognized as Comprehensive Income (Loss)
 
Location of Loss Recognized in Earnings
 
Amount of Loss Recognized in Earnings (1)
Three months ended June 30, 2015
 
$
43

 
Interest expense
 
$
(203
)
Three months ended June 30, 2014
 
$
(259
)
 
Interest expense
 
$
(192
)
 
 
 
 
 
 
 
Six months ended June 30, 2015
 
$
(276
)
 
Interest expense
 
$
(410
)
Six months ended June 30, 2014
 
$
(297
)
 
Interest expense
 
$
(382
)

(1) 
We did not recognize any ineffective portion of our interest rate swaps in earnings for the three and six months ended June 30, 2015 and 2014.

8.  EARNINGS PER SHARE
 
Basic earnings per share for our common shareholders is calculated by dividing income from continuing operations excluding amounts attributable to unvested restricted shares and the net income attributable to noncontrolling interests by our weighted average common shares outstanding during the period.  Diluted earnings per share is computed by dividing the net income attributable to common shareholders excluding amounts attributable to unvested restricted shares and the net income attributable to noncontrolling interests by the weighted average number of common shares including any dilutive unvested restricted shares.
 
Certain of our performance-based restricted common shares are considered participating securities that require the use of the two-class method for the computation of basic and diluted earnings per share.  During the three months ended June 30, 2015 and 2014, 390,323 and 506,513 OP units, respectively, were excluded from the calculation of diluted earnings per share because their effect would be anti-dilutive, and during the six months ended June 30, 2015 and 2014, 391,455 and 530,961 OP units, respectively, were excluded from the calculation of diluted earnings per share because their effect would be anti-dilutive.
 

13
WHITESTONE REIT AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2015
(Unaudited)

For the three months ended June 30, 2015 and 2014, distributions of $172,000 and $78,000, respectively, were made to holders of certain restricted common shares, $9,000 and $25,000, respectively, of which were charged against earnings. For the six months ended June 30, 2015 and 2014, distributions of $288,000 and $116,000, respectively, were made to holders of certain restricted common shares, $18,000 and $44,000, respectively, of which were charged against earnings. See Note 11 for information related to restricted common shares under the 2008 Plan.

 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in thousands, except per share data)
 
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
1,593

 
$
1,134

 
$
3,222

 
$
3,446

Less: Net income attributable to noncontrolling interests
 
(26
)
 
(24
)
 
(54
)
 
(81
)
Distributions paid on unvested restricted shares
 
(163
)
 
(54
)
 
(270
)
 
(73
)
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares
 
1,404

 
1,056

 
2,898

 
3,292

Income (loss) from discontinued operations
 
(33
)
 
146

 
(41
)
 
266

Less: Net (income) loss attributable to noncontrolling interests
 
—

 
(3
)
 
1

 
(6
)
Income (loss) from discontinued operations attributable to Whitestone REIT
 
(33
)
 
143

 
(40
)
 
260

Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares
 
$
1,371

 
$
1,199

 
$
2,858

 
$
3,552

 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
Weighted average number of common shares - basic
 
22,869

 
22,235

 
22,724

 
22,030

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Unvested restricted shares
 
532

 
208

 
590

 
162

Weighted average number of common shares - dilutive
 
23,401

 
22,443

 
23,314

 
22,192

 
 
 
 
 
 
 
 
 
Earnings Per Share:
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares
 
$
0.06

 
$
0.05

 
$
0.13

 
$
0.15

Income from discontinued operations attributable to Whitestone REIT
 
0.00

 
0.00

 
0.00

 
0.01

Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares
 
$
0.06

 
$
0.05

 
$
0.13

 
$
0.16

Diluted:
 
 
 
 
 
 
 
 
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares
 
$
0.06

 
$
0.05

 
$
0.12

 
$
0.15

Income from discontinued operations attributable to Whitestone REIT
 
0.00

 
0.00

 
0.00

 
0.01

Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares
 
$
0.06

 
$
0.05

 
$
0.12

 
$
0.16



14
WHITESTONE REIT AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2015
(Unaudited)

9. INCOME TAXES
 
Federal income taxes are not provided because we intend to and believe we qualify as a REIT under the provisions of the Internal Revenue Code (the “Code”) and because we have distributed and intend to continue to distribute all of our taxable income to our shareholders.  As a REIT, we must distribute at least 90% of our real estate investment trust taxable income to our shareholders and meet certain income sources and investment restriction requirements.  In addition, REITs are subject to a number of organizational and operational requirements.  If we fail to qualify as a REIT in any taxable year, we will be subject to federal income tax (including any applicable alternative minimum tax) on our taxable income at regular corporate tax rates.
 
Taxable income differs from net income for financial reporting purposes principally due to differences in the timing of recognition of interest, real estate taxes, depreciation and rental revenue. 

We are subject to the Texas Margin Tax, which is computed by applying the applicable tax rate (1% for us) to the profit margin, which generally will be determined for us as total revenue less a 30% standard deduction.  Although the Texas Margin Tax is not an income tax, FASB ASC 740, “Income Taxes” applies to the Texas Margin Tax.  For the three months ended June 30, 2015 and 2014, we recognized approximately $106,000 and $42,000 in margin tax provision, respectively, and for the six months ended June 30, 2015 and 2014, we recognized approximately $188,000 and $109,000 in margin tax provision, respectively.

10.  EQUITY

Common Shares    

Under our declaration of trust, as amended, we have authority to issue up to 400,000,000 common shares of beneficial interest, $0.001 par value per share, and up to 50,000,000 preferred shares of beneficial interest, $0.001 par value per share.
  
Equity Offerings

On June 26, 2015, we completed the sale of 3,750,000 common shares, $0.001 par value per share, at a purchase price of $13.3386 per share. Total net proceeds from the offering, after deducting offering expenses, were approximately $49.7 million, which we contributed to the Operating Partnership in exchange for OP units. The Operating Partnership used the net proceeds from this offering to repay a portion of our unsecured credit facility and for general corporate purposes.

On June 19, 2013, we entered into five equity distribution agreements for an at-the-market distribution program.  On August 14, 2013, we entered into a sixth equity distribution agreement on substantially similar terms as the existing equity distribution agreements and amended the existing equity distribution agreements in order to add an additional placement agent (together, the “2013 equity distribution agreements”). Pursuant to the terms and conditions of the 2013 equity distribution agreements, we could issue and sell up to an aggregate of $50 million of our common shares. Actual sales would depend on a variety of factors to be determined by us from time to time, including (among others) market conditions, the trading price of our common shares, capital needs and our determinations of the appropriate sources of funding for us, and were made in transactions that were deemed to be “at-the-market” offerings as defined in Rule 415 under the Securities Act of 1933, as amended. We had no obligation to sell any of our common shares, and could at any time suspend offers under the 2013 equity distribution agreements or terminate the 2013 equity distribution agreements. During the three and six months ended June 30, 2015, we did not sell any common shares under the 2013 equity distribution program. During the three and six months ended June 30, 2014, we sold 377,983 common shares under the 2013 equity distribution program, with net proceeds to us of approximately $5.3 million. In connection with such sales, we paid compensation of $0.1 million to the placement agents.


15
WHITESTONE REIT AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2015
(Unaudited)

On June 4, 2015, we entered into six amended and restated equity distribution agreements (the “2015 equity distribution agreements”). Pursuant to the terms and conditions of the 2015 equity distribution agreements, we can issue and sell up to an aggregate of $50 million of our common shares. Actual sales will depend on a variety of factors to be determined by us from time to time, including (among others) market conditions, the trading price of our common shares, capital needs and our determinations of the appropriate sources of funding for us, and will be made in transactions that will be deemed to be “at-the-market” offerings as defined in Rule 415 under the Securities Act of 1933, as amended. We have no obligation to sell any of our common shares, and can at any time suspend offers under the 2015 equity distribution agreements or terminate the 2015 equity distribution agreements. We have not sold any common shares under the 2015 equity distribution agreements.

Operating Partnership Units 

Substantially all of our business is conducted through our Operating Partnership.  We are the sole general partner of the Operating Partnership.  As of June 30, 2015, we owned a 98.6% interest in the Operating Partnership.
 
Limited partners in the Operating Partnership holding OP units have the right to convert their OP units into cash or, at our option, common shares at a ratio of one OP unit for one common share.  Distributions to OP unit holders are paid at the same rate per unit as distributions per share to holders of Whitestone common shares.  As of June 30, 2015 and December 31, 2014, there were 27,247,256 and 22,926,599 OP units outstanding, respectively.  We owned 26,857,448 and 22,528,207 OP units as of June 30, 2015 and December 31, 2014, respectively. The balance of the OP units is owned by third parties, including certain trustees.  Our weighted average share ownership in the Operating Partnership was approximately 98.4% and 97.8% for the three months ended June 30, 2015 and 2014, respectively, and 98.3% and 97.7% for the six months ended June 30, 2015 and 2014, respectively. During the three months ended June 30, 2015 and 2014, 802 and 84,431 OP units, respectively, were redeemed for an equal number of common shares, and during the six months ended June 30, 2015 and 2014, 8,584 and 95,834 OP units, respectively, were redeemed for an equal number of common shares.

 Distributions
 
The following table summarizes the cash distributions paid or payable to holders of common shares and to holders of noncontrolling OP units during each quarter during 2014 and the six months ended June 30, 2015 (in thousands, except per share/unit data):

 
 
Common Shares
 
Noncontrolling OP Unit Holders
 
Total
Quarter Paid
 
Distributions Per Common Share
 
Total Amount Paid
 
Distributions Per OP Unit
 
Total Amount Paid
 
Total Amount Paid
2015
 
 
 
 
 
 
 
 
 
 
Second Quarter
 
$
0.2850

 
$
6,601

 
$
0.2850

 
$
111

 
$
6,712

First Quarter
 
0.2850

 
6,526

 
0.2850

 
113

 
6,639

Total
 
$
0.5700

 
$
13,127

 
$
0.5700

 
$
224

 
$
13,351

 
 
 
 
 
 
 
 
 
 
 
2014
 
 
 
 
 
 
 
 
 
 
Fourth Quarter
 
$
0.2850

 
$
6,484

 
$
0.2850

 
$
114

 
$
6,598

Third Quarter
 
0.2850

 
6,457

 
0.2850

 
126

 
6,583

Second Quarter
 
0.2850

 
6,367

 
0.2850

 
152

 
6,519

First Quarter
 
0.2850

 
6,231

 
0.2850

 
158

 
6,389

Total
 
$
1.1400

 
$
25,539

 
$
1.1400

 
$
550

 
$
26,089



16
WHITESTONE REIT AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2015
(Unaudited)

11.  INCENTIVE SHARE PLAN
 
On July 29, 2008, our shareholders approved the 2008 Plan. On December 22, 2010, our board of trustees amended the 2008 Plan to allow for awards in or related to Class B common shares pursuant to the 2008 Plan. On June 27, 2012, our Class B common shares were redesignated as “common shares.” The 2008 Plan, as amended, provides that awards may be made with respect to common shares of Whitestone or OP units, which may be converted into cash or, at our option, common shares of Whitestone. The maximum aggregate number of common shares that may be issued under the 2008 Plan is increased upon each issuance of common shares by Whitestone so that at any time the maximum number of shares that may be issued under the 2008 Plan shall equal 12.5% of the aggregate number of common shares of Whitestone and OP units issued and outstanding (other than shares and/or OP units issued to or held by Whitestone).

The Compensation Committee of our board of trustees administers the 2008 Plan, except with respect to awards to non-employee trustees, for which the 2008 Plan is administered by our board of trustees.  The Compensation Committee is authorized to grant share options, including both incentive share options and non-qualified share options, as well as share appreciation rights, either with or without a related option. The Compensation Committee is also authorized to grant restricted common shares, restricted common share units, performance awards and other share-based awards. 

On April 2, 2014, the Compensation Committee approved the modification of the vesting provisions with respect to awards of an aggregate of 633,704 restricted common shares and restricted common share units for 51 of our employees. The modified time-based shares will vest annually in three equal installments. The modified performance-based restricted common shares and restricted common share units were modified to include performance-based vesting based on achievement of certain absolute financial goals, as well as one to two years of time-based vesting post achievement of financial goals. Continued employment is required through the applicable vesting date. Additionally, 2,049,116 restricted performance-based common share units were granted with the same vesting conditions as the modified performance-based grants described above. If the performance targets are not met prior to December 31, 2018, any unvested performance-based restricted common shares and restricted common units will be forfeited.

On June 30, 2015, the Compensation Committee approved the grant of an aggregate of 143,000 time-based restricted common share units to James C. Mastandrea and David K. Holeman.

A summary of the share-based incentive plan activity as of and for the six months ended June 30, 2015 is as follows:
 
 
Shares
 
Weighted Average
Grant Date
Fair Value
Non-vested at January 1, 2015
 
2,411,068

 
$
14.45

Granted
 
267,280

 
13.65

Vested
 
(192,844
)
 
14.47

Forfeited
 
(71,995
)
 
14.44

Non-vested at June 30, 2015
 
2,413,509

 
$
14.36

Available for grant at June 30, 2015
 
970,051

 
 


17
WHITESTONE REIT AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2015
(Unaudited)

A summary of our non-vested and vested shares activity for the six months ended June 30, 2015 and years ended December 31, 2014, 2013, 2012 and 2011 is presented below:
 
 
Shares Granted
 
Shares Vested
 
 
Non-Vested Shares Issued
 
Weighted Average Grant-Date Fair Value
 
Vested Shares
 
Total Vest-Date Fair Value
 
 
 
 
 
 
 
 
(in thousands)
Six Months Ended June 30, 2015
 
267,280

 
$
13.65

 
(192,844
)
 
$
2,791

Year Ended December 31, 2014
 
2,058,930

 
14.40

 
(133,774
)
 
1,721

Year Ended December 31, 2013
 
328,005

 
15.43

 
(15,270
)
 
224

Year Ended December 31, 2012
 
99,700

 
13.03

 
(16,208
)
 
223

Year Ended December 31, 2011
 
—

 
—

 
(5,169
)
 
—

    
Total compensation recognized in earnings for share-based payments was $1,669,000 and $1,234,000 for the three months ended June 30, 2015 and 2014, respectively, and $3,343,000 and $1,607,000 for the six months ended June 30, 2015 and 2014, respectively.

Based on our current financial projections, we expect approximately 82% of the unvested awards to vest over the next 45 months. As of June 30, 2015, there was approximately $11.5 million in unrecognized compensation cost related to outstanding non-vested performance-based shares, which are expected to vest over a period of 45 months and approximately $4.8 million in unrecognized compensation cost related to outstanding non-vested time-based shares, which are expected to be recognized over a period of approximately 21 months beginning on July 1, 2015.

We expect to record approximately $6.9 million in non-cash share-based compensation expense in 2015 and $12.8 million subsequent to 2015. The unrecognized share-based compensation cost is expected to vest over a weighted average period of 31 months. The dilutive impact of the performance-based shares will be included in the denominator of the earnings per share calculation beginning in the period that the performance conditions are expected to be met.

12. GRANTS TO TRUSTEES

On October 24, 2014, each of our four independent trustees and one trustee emeritus was granted 1,500 common shares, which vested immediately. The 7,500 common shares granted to our trustees had a grant date fair value of $14.53 per share. On December 9, 2014, two of our independent trustees elected to receive a total of 2,314 common shares with a grant date fair value of $14.69 in lieu of cash for board fees. The fair value of the shares granted were determined using quoted prices available on the date of grant.

13. SEGMENT INFORMATION

Historically, our management has not differentiated results of operations by property type or location and, therefore, does not present segment information.

14. REAL ESTATE

Property Acquisitions. On May 27, 2015, we acquired Davenport Village, a property that meets our Community Centered Property™ strategy, for approximately $45.5 million in cash and net prorations. The 128,934 square foot property was 85% leased at the time of purchase and is located in Austin, Texas.

On March 31, 2015, we acquired City View Village, a property that meets our Community Centered Property™ strategy, for approximately $6.3 million in cash and net prorations. The 17,870 square foot property was 100% leased at the time of purchase and is located in San Antonio, Texas.


18
WHITESTONE REIT AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2015
(Unaudited)

On December 24, 2014, we acquired the hard corner at our Village Square at Dana Park property for approximately $4.7 million, in exchange for the assumption of a $2.6 million non-recourse loan and cash of $2.1 million. The 12,047 square foot property was 88% leased at the time of purchase and is located in the Mesa submarket of Phoenix, Arizona.

On December 24, 2014, we acquired The Shops at Williams Trace, a property that meets our Community Centered Property™ strategy, for approximately $20.2 million in cash and net prorations. The 132,991 square foot property was 87% leased at the time of purchase and is located in Sugar Land, Texas.

On December 24, 2014, we acquired Williams Trace Plaza, a property that meets our Community Centered Property™ strategy, for approximately $20.4 million in cash and net prorations. The 129,222 square foot property was 95% leased at the time of purchase and is located in Sugar Land, Texas.

On December 19, 2014, we acquired a 1.39 acre parcel of undeveloped land for $0.9 million in cash and net prorations. The undeveloped land parcel is adjacent to our Fulton Ranch Towne Center property.

On November 5, 2014, we acquired Fulton Ranch Towne Center, a property that meets our Community Centered Property™ strategy, for approximately $29.3 million in cash and net prorations. The 113,281 square foot property was 86% leased at the time of purchase and is located in Chandler, Arizona.

On November 5, 2014, we acquired The Promenade at Fulton Ranch, a property that meets our Community Centered Property™ strategy, for approximately $18.6 million in cash and net prorations. The 98,792 square foot property was 76% leased at the time of purchase and is located in Chandler, Arizona.

On September 19, 2014, we acquired The Strand at Huebner Oaks, a property that meets our Community Centered Property™ strategy, for approximately $18.0 million in cash and net prorations. The 73,920 square foot property was 90% leased at the time of purchase and is located in San Antonio, Texas.

On July 1, 2014, we acquired Heritage Trace Plaza, a property that meets our Community Centered Property™ strategy, for approximately $20.1 million in cash and net prorations. The 70,431 square foot property was 98% leased at the time of purchase and is located in Fort Worth, Texas.    

Property Dispositions. On December 31, 2014, we completed the sale of three office buildings (Zeta, Royal Crest and Featherwood), located in the Clear Lake suburb of Houston, Texas, for $10.3 million. This disposition was pursuant to our strategy of recycling capital by disposing of non-core properties that do not fit our Community Centered Property™ strategy. As part of the transaction, we provided short-term seller financing of $2.5 million. We recorded a gain on sale of $4.4 million, including recognizing a $1.9 million gain on sale for the year ended December 31, 2014 and deferring the remaining $2.5 million gain on sale to be recognized upon receipt of principal payments on the financing provided by us.

The operating results for properties classified as discontinued operations consists of the following (in thousands):

 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2015
 
2014
 
2015
 
2014
Property revenues
 
$
—

 
$
412

 
1

 
824

Property expenses
 
36

 
175

 
44

 
344

Depreciation and amortization
 
—

 
74

 
—

 
153

Interest expense
 
—

 
15

 
—

 
58

Provision for income taxes
 
(2
)
 
2

 
(2
)
 
5

Loss (gain) on sale or disposal of assets
 
(1
)
 
—

 
—

 
(2
)
    Income (loss) from discontinued operations
 
$
(33
)
 
$
146

 
$
(41
)
 
$
266



19
WHITESTONE REIT AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2015
(Unaudited)

15. SUBSEQUENT EVENTS

On July 2, 2015, we acquired Parkside Village North, a property that meets our Community Centered Property™ strategy, for approximately $12.5 million in cash and net prorations. The 27,045 square foot property was 100% leased at the time of purchase and is located in Austin, Texas.

On July 2, 2015, we acquired Parkside Village South, a property that meets our Community Centered Property™ strategy, for approximately $32.5 million in cash and net prorations. The 90,101 square foot property was 100% leased at the time of purchase and is located in Austin, Texas.


20

Item 2.  Management's Discussion and Analysis of Financial Condition and Results of Operations.

You should read the following discussion of our financial condition and results of operations in conjunction with our unaudited consolidated financial statements and the notes thereto included in this Quarterly Report on Form 10-Q (the “Report”), and the consolidated financial statements and the notes thereto and “Management's Discussion and Analysis of Financial Condition and Results of Operations” contained in our Annual Report on Form 10-K for the year ended December 31, 2014.  For more detailed information regarding the basis of presentation for the following information, you should read the notes to the unaudited consolidated financial statements included in this Report.

This Report contains forward-looking statements within the meaning of the federal securities laws, including discussion and analysis of our financial condition, anticipated capital expenditures required to complete projects, amounts of anticipated cash distributions to our shareholders in the future and other matters.  These forward-looking statements are not historical facts but are the intent, belief or current expectations of our management based on its knowledge and understanding of our business and industry.  Forward-looking statements are typically identified by the use of terms such as “may,” “will,” “should,” “potential,” “predicts,” “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates” or the negative of such terms and variations of these words and similar expressions, although not all forward-looking statements include these words.  These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.
     
Forward-looking statements that were true at the time made may ultimately prove to be incorrect or false.  You are cautioned not to place undue reliance on forward-looking statements, which reflect our management's view only as of the date of this Report.  We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.  Factors that could cause actual results to differ materially from any forward-looking statements made in this Report include:

•
the imposition of federal taxes if we fail to qualify as a REIT in any taxable year or forego an opportunity to ensure REIT status;
•
uncertainties related to the national economy, the real estate industry in general and in our specific markets;
•
legislative or regulatory changes, including changes to laws governing REITs;
•
adverse economic or real estate developments in Texas, Arizona or Illinois;
•
increases in interest rates and operating costs;
•
availability and terms of capital and financing, both to fund our operations and to refinance our indebtedness as it matures;
•
decreases in rental rates or increases in vacancy rates;
•
litigation risks;
•
lease-up risks, including leasing risks arising from exclusivity and consent provisions in leases with significant tenants;
•
our inability to renew tenants or obtain new tenants upon the expiration of existing leases;
•
our inability to generate sufficient cash flows due to market conditions, competition, uninsured losses, changes in tax or other applicable laws; and
•
the need to fund tenant improvements or other capital expenditures out of operating cash flow.
 
The forward-looking statements should be read in light of these factors and the factors identified in the “Risk Factors” sections of our Annual Report on Form 10-K for the year ended December 31, 2014, as previously filed with the Securities and Exchange Commission (“SEC”) and of this Report below.
 
Overview

We are a fully integrated real estate company that owns, redevelops, repositions, leases, manages and operates Community Centered PropertiesTM .  We define Community Centered PropertiesTM as visibly located properties in established or developing culturally diverse neighborhoods in our target markets.  Founded in 1998, we are internally managed with a portfolio of commercial properties in Texas, Arizona and Illinois.


21

In October 2006, our current management team joined the Company and adopted a strategic plan to acquire, redevelop, own and operate Community Centered PropertiesTM.  We market, lease and manage our centers to match tenants with the shared needs of the surrounding neighborhood.  Those needs may include specialty retail, grocery, restaurants and medical, educational and financial services.  Our goal is for each property to become a Whitestone-branded business center or retail community that serves a neighboring five-mile radius around our property.  We employ and develop a diverse group of associates who understand the needs of our multicultural communities and tenants.

We serve as the general partner of Whitestone REIT Operating Partnership, L.P. (the “Operating Partnership”), which was formed on December 31, 1998 as a Delaware limited partnership. We currently conduct substantially all of our operations and activities through the Operating Partnership. As the general partner of the Operating Partnership, we have the exclusive power to manage and conduct the business of the Operating Partnership, subject to certain customary exceptions.

As of June 30, 2015, we owned and operated 65 commercial properties consisting of:

Operating Portfolio
•
39 retail properties containing approximately 3.4 million square feet of gross leasable area and having a total carrying value (net of accumulated depreciation) of $431.1 million;
•
four office properties containing approximately 0.5 million square feet of gross leasable area and having a total carrying value (net of accumulated depreciation) of $36.4 million; and
•
11 office/flex properties containing approximately 1.2 million square feet of gross leasable area and having a total carrying value (net of accumulated depreciation) of $36.9 million.
Redevelopment, New Acquisitions Portfolio
•
five retail properties containing approximately 0.5 million square feet of gross leasable area and having a total carrying value (net of accumulated depreciation) of $136.1 million; and
•
six parcels of land held for future development having a total carrying value of $9.5 million.

As of June 30, 2015, we had an aggregate of 1,381 tenants.  We have a diversified tenant base with our largest tenant comprising only 2.1% of our annualized rental revenues for the six months ended June 30, 2015.  Lease terms for our properties range from less than one year for smaller tenants to over 15 years for larger tenants.  Our leases generally include minimum monthly lease payments and tenant reimbursements for payment of taxes, insurance and maintenance.  We completed 193 new and renewal leases during the six months ended June 30, 2015, totaling 463,466 square feet and approximately $24.5 million in total lease value.  This compares to 215 new and renewal leases totaling 452,233 square feet and approximately $26.3 million in total lease value during the same period in 2014.

We employed 83 full-time employees as of June 30, 2015.  As an internally managed REIT, we bear our own expenses of operations, including the salaries, benefits and other compensation of our employees, office expenses, legal, accounting and investor relations expenses and other overhead costs.

How We Derive Our Revenue
 
Substantially all of our revenue is derived from rents received from leases at our properties. We had rental income and tenant reimbursements of approximately $22.0 million and $17.3 million for the three months ended June 30, 2015 and 2014, respectively, and $43.2 million and $34.6 million for the six months ended June 30, 2015 and 2014, respectively.


22

Known Trends in Our Operations; Outlook for Future Results
 
Rental Income
 
We expect our rental income to increase year-over-year due to the addition of properties and rent increases on renewal leases. The amount of net rental income generated by our properties depends principally on our ability to maintain the occupancy rates of currently leased space and to lease currently available space, newly acquired properties with vacant space, and space available from unscheduled lease terminations. The amount of rental income we generate also depends on our ability to maintain or increase rental rates in our submarkets. Over the past two years, we have seen modest improvement in the overall economy in our markets, which has allowed us to maintain overall occupancy rates, with slight increases in occupancy at certain of our properties, and to recognize modest increases in rental rates. We expect this trend to continue in 2015.
 
Scheduled Lease Expirations
 
We tend to lease space to smaller businesses that desire shorter term leases. As of June 30, 2015, approximately 25% of our gross leasable area was subject to leases that expire prior to December 31, 2016.  Over the last two years, we have renewed leases covering approximately 76% of the square footage subject to expiring leases. We routinely seek to renew leases with our existing tenants prior to their expiration and typically begin discussions with tenants as early as 18 months prior to the expiration date of the existing lease. While our early renewal program and other leasing and marketing efforts target these expiring leases, we hope to re-lease most of that space prior to expiration of the leases. In the markets in which we operate, we obtain and analyze market rental rates through review of third-party publications, which provide market and submarket rental rate data and through inquiry of property owners and property management companies as to rental rates being quoted at properties that are located in close proximity to our properties and we believe display similar physical attributes as our nearby properties. We use this data to negotiate leases with new tenants and renew leases with our existing tenants at rates we believe to be competitive in the markets for our individual properties. Due to the short term nature of our leases, and based upon our analysis of market rental rates, we believe that, in the aggregate, our current leases are at market rates. Market conditions, including new supply of properties, and macroeconomic conditions in our markets and nationally affecting tenant income, such as employment levels, business conditions, interest rates, tax rates, fuel and energy costs and other matters, could adversely impact our renewal rate and/or the rental rates we are able to negotiate. We continue to monitor our tenants' operating performances as well as overall economic trends to evaluate any future negative impact on our renewal rates and rental rates, which could adversely affect our cash flow and ability to make distributions to our shareholders.
 
Acquisitions
 
We have continued to successfully grow our gross leasable area through the acquisition of additional properties, and we expect to actively pursue and consummate additional acquisitions in the foreseeable future. We believe that over the next few years we will continue to have excellent opportunities to acquire quality properties at historically attractive prices. We have extensive relationships with community banks, attorneys, title companies and others in the real estate industry, which we believe enables us to take advantage of these market opportunities and maintain an active acquisition pipeline.
 
Property Acquisitions
 
We seek to acquire commercial properties in high-growth markets. Our acquisition targets are properties that fit our Community Centered PropertiesTM strategy.  We define Community Centered PropertiesTM as visibly located properties in established or developing, culturally diverse neighborhoods in our target markets, primarily in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix and San Antonio.  We may acquire properties in other high-growth cities in the future. We market, lease and manage our centers to match tenants with the shared needs of the surrounding neighborhood.  Those needs may include specialty retail, grocery, restaurants, medical, educational and financial services.  Our goal is for each property to become a Whitestone-branded business center or retail community that serves a neighboring five-mile radius around our property.

On July 2, 2015, we acquired Parkside Village North, a property that meets our Community Centered Property™ strategy, for approximately $12.5 million in cash and net prorations. The 27,045 square foot property was 100% leased at the time of purchase and is located in Austin, Texas.

On July 2, 2015, we acquired Parkside Village South, a property that meets our Community Centered Property™ strategy, for approximately $32.5 million in cash and net prorations. The 90,101 square foot property was 100% leased at the time of purchase and is located in Austin, Texas.


23

On May 27, 2015, we acquired Davenport Village, a property that meets our Community Centered Property™ strategy, for approximately $45.5 million in cash and net prorations. The 128,934 square foot property was 85% leased at the time of purchase and is located in Austin, Texas.

On March 31, 2015, we acquired City View Village, a property that meets our Community Centered PropertyTM strategy, for approximately $6.3 million in cash and net prorations. The 17,870 square foot property was 100% leased at the time of purchase and is located in San Antonio, Texas.

On December 24, 2014, we acquired the hard corner at our Village Square at Dana Park property for approximately $4.7 million, in exchange for the assumption of a $2.6 million non-recourse loan and cash of $2.1 million. The 12,047 square foot property was 88% leased at the time of purchase and is located in the Mesa submarket of Phoenix, Arizona.

On December 24, 2014, we acquired The Shops at Williams Trace, a property that meets our Community Centered PropertyTM strategy, for approximately $20.2 million in cash and net prorations. The 132,991 square foot property was 87% leased at the time of purchase and is located in Sugar Land, Texas.

On December 24, 2014, we acquired Williams Trace Plaza, a property that meets our Community Centered PropertyTM strategy, for approximately $20.4 million in cash and net prorations. The 129,222 square foot property was 95% leased at the time of purchase and is located in Sugar Land, Texas.

On December 19, 2014, we acquired a 1.39 acre parcel of undeveloped land for $0.9 million in cash and net prorations. The undeveloped land parcel is adjacent to our Fulton Ranch Towne Center property.

On November 5, 2014, we acquired Fulton Ranch Towne Center, a property that meets our Community Centered PropertyTM strategy, for approximately $29.3 million in cash and net prorations. The 113,281 square foot property was 86% leased at the time of purchase and is located in Chandler, Arizona.

On November 5, 2014, we acquired The Promenade at Fulton Ranch, a property that meets our Community Centered PropertyTM strategy, for approximately $18.6 million in cash and net prorations. The 98,792 square foot property was 76% leased at the time of purchase and is located in Chandler, Arizona.

On September 19, 2014, we acquired The Strand at Huebner Oaks, a property that meets our Community Centered PropertyTM strategy, for approximately $18.0 million in cash and net prorations. The 73,920 square foot property was 90% leased at the time of purchase and is located in San Antonio, Texas.

On July 1, 2014, we acquired Heritage Trace Plaza, a property that meets our Community Centered PropertyTM strategy, for approximately $20.1 million in cash and net prorations. The 70,431 square foot property was 98% leased at the time of purchase and is located in Fort Worth, Texas.


24

Leasing Activity
    
As of June 30, 2015, we owned 65 properties with 5,632,597 square feet of gross leasable area, which were approximately 86% occupied. Our occupancy rate for all properties was approximately 86% occupied as of both June 30, 2015 and June 30, 2014. The following is a summary of the Company's leasing activity for the six months ended June 30, 2015:

 
 
Number of Leases Signed
 
GLA Signed
 
Weighted Average Lease Term (2)
 
TI and Incentives per Sq. Ft. (3)
 
Contractual Rent Per Sq. Ft (4)
 
Prior Contractual Rent Per Sq. Ft. (5)
 
Straight-lined Basis Increase Over Prior Rent
Comparable (1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Renewal Leases
 
117

 
235,088

 
2.7

 
$
1.76

 
$
14.51

 
$
13.44

 
15.1
%
   New Leases
 
34

 
99,802

 
3.5

 
3.02

 
13.31

 
12.99

 
6.5
%
   Total
 
151

 
334,890

 
3.0

 
$
2.14

 
$
14.15

 
$
13.31

 
12.5
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Number of Leases Signed
 
GLA Signed
 
Weighted Average Lease Term (2)
 
TI and Incentives per Sq. Ft. (3)
 
Contractual Rent Per Sq. Ft (4)
 
 
 
 
Non-Comparable
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Renewal Leases
 
4

 
7,128

 
5.5

 
$
13.30

 
$
19.34

 
 
 
 
   New Leases
 
38

 
123,846

 
4.8

 
10.64

 
13.88

 
 
 
 
   Total
 
42

 
130,974

 
4.8

 
$
10.79

 
$
14.18

 
 
 
 

(1)
Comparable leases represent leases signed on spaces for which there was a former tenant within the last twelve months and the new or renewal square footage was within 25% of the expired square footage.

(2) 
Weighted average lease term is determined on the basis of square footage.

(3) 
Estimated amount per signed leases. Actual cost of construction may vary. Does not include first generation costs for tenant improvements (“TI”) and leasing commission costs needed for new acquisitions or redevelopment of a property to bring to operating standards for its intended use.

(4) 
Contractual minimum rent under the new lease for the first month, excluding concessions.

(5) 
Contractual minimum rent under the prior lease for the final month.

Contractual Expenditures

The following is a summary of the Company's capital expenditures for the three and six months ended June 30, 2015 and 2014 (in thousands):

 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2015
 
2014
 
2015
 
2014
Capital expenditures:
 
 
 
 
 
 
 
 
    Tenant improvements and allowances
 
$
701

 
$
1,269

 
$
2,104

 
$
2,267

    Developments / redevelopments
 
667

 
1,065

 
1,626

 
2,016

    Leasing commissions and costs
 
328

 
295

 
570

 
651

    Maintenance capital expenditures
 
765

 
423

 
1,279

 
564

      Total capital expenditures
 
$
2,461

 
$
3,052

 
$
5,579

 
$
5,498



25

Critical Accounting Policies

In preparing the consolidated financial statements, we have made estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reported periods. Actual results may differ from these estimates.  A summary of our critical accounting policies is included in our Annual Report on Form 10-K for the year ended December 31, 2014, under “Management's Discussion and Analysis of Financial Condition and Results of Operations.”  There have been no significant changes to these policies during the six months ended June 30, 2015.  For disclosure regarding recent accounting pronouncements and the anticipated impact they will have on our operations, please refer to Note 2 in our Annual Report on Form 10-K for the year ended December 31, 2014.


26

Results of Operations

Comparison of the Three Months Ended June 30, 2015 and 2014
 
The following table provides a summary comparison of our results of operations for the three months ended June 30, 2015 and 2014 (dollars in thousands, except per share and OP unit amounts):

 
 
Three Months Ended June 30,
 
 
2015
 
2014
Number of properties owned and operated (1)
 
65

 
57

Aggregate gross leasable area (sq. ft.) (1)
 
5,632,597

 
4,855,109

Ending occupancy rate - operating portfolio(2)
 
87
%
 
86
%
Ending occupancy rate - all properties
 
86
%
 
86
%
 
 
 
 
 
Total property revenues
 
$
21,970

 
$
17,262

Total property expenses
 
7,264

 
6,218

Total other expenses
 
13,027

 
9,831

Provision for income taxes
 
91

 
55

Loss (gain) on disposal of assets
 
(5
)
 
24

Income from continuing operations
 
1,593

 
1,134

Income (loss) from discontinued operations, net of taxes
 
(33
)
 
146

Net income
 
1,560

 
1,280

Less:  Net income attributable to noncontrolling interests
 
26

 
27

Net income attributable to Whitestone REIT
 
$
1,534

 
$
1,253

 
 
 
 
 
Funds from operations core (3)
 
$
8,463

 
$
6,647

Property net operating income (4)
 
14,706

 
11,044

Distributions paid on common shares and OP units
 
6,712

 
6,519

Distributions per common share and OP unit
 
$
0.2850

 
$
0.2850

Distributions paid as a percentage of funds from operations core
 
79
%
 
98
%

(1)  
Excludes 112,400 square feet of gross leasable area in three office buildings sold on December 31, 2014, Zeta, Royal Crest and Featherwood, located in Houston, Texas.

(2)  
Excludes (i) new acquisitions, through the earlier of attainment of 90% occupancy or 18 months of ownership, and (ii) properties that are undergoing significant redevelopment or re-tenanting.

(3)  
For a reconciliation of funds from operations core to net income, see “Funds From Operations Core” below.

(4)  
For a reconciliation of property net operating income to net income, see “Property Net Operating Income” below.


27

Property revenues. We had rental income and tenant reimbursements of approximately $21,970,000 for the three months ended June 30, 2015 as compared to $17,262,000 for the three months ended June 30, 2014, an increase of $4,708,000, or 27%. The three months ended June 30, 2015 included $3,972,000 in increased revenues from New Store operations. We define “New Stores” as properties acquired since the beginning of the period being compared. For purposes of comparing the three months ended June 30, 2015 to the three months ended June 30, 2014, New Stores include properties acquired between April 1, 2014 and June 30, 2015. Same Store revenues increased $736,000 for the three months ended June 30, 2015 as compared to the same period in the prior year. We define “Same Stores” as properties that have been owned since the beginning of the period being compared. For purposes of comparing the three months ended June 30, 2015 to the three months ended June 30, 2014, Same Stores include properties currently owned that were acquired before April 1, 2014. Same Store average occupancy was 85.9% for the three months ended June 30, 2015 and June 30, 2014, decreasing Same Store revenue $4,000. The Same Store average revenue per leased square foot increased $0.71 for the three months ended June 30, 2015 to $17.26 per leased square foot as compared to the average revenue per leased square foot of $16.55 for the three months ended June 30, 2014, resulting in an increase of Same Store revenues of $740,000.

Property expenses.  Our property expenses were approximately $7,264,000 for the three months ended June 30, 2015 as compared to $6,218,000 for the three months ended June 30, 2014, an increase of $1,046,000, or 17%.  The primary components of total property expenses are detailed in the table below (in thousands, except percentages):

 
 
Three Months Ended June 30,
 
 
 
 
Overall Property Expenses
 
2015
 
2014
 
Change
 
% Change
Real estate taxes
 
$
2,925

 
$
2,205

 
$
720

 
33
 %
Utilities
 
1,069

 
1,073

 
(4
)
 
—
 %
Contract services
 
1,273

 
1,067

 
206

 
19
 %
Repairs and maintenance
 
680

 
537

 
143

 
27
 %
Bad debt
 
589

 
666

 
(77
)
 
(12
)%
Labor and other
 
728

 
670

 
58

 
9
 %
Total property expenses
 
$
7,264

 
$
6,218

 
$
1,046

 
17
 %

 
 
Three Months Ended June 30,
 
 
 
 
Same Store Property Expenses
 
2015
 
2014
 
Change
 
% Change
Real estate taxes
 
$
2,378

 
$
2,205

 
$
173

 
8
 %
Utilities
 
978

 
1,073

 
(95
)
 
(9
)%
Contract services
 
1,101

 
1,067

 
34

 
3
 %
Repairs and maintenance
 
567

 
537

 
30

 
6
 %
Bad debt
 
536

 
666

 
(130
)
 
(20
)%
Labor and other
 
632

 
670

 
(38
)
 
(6
)%
Total property expenses
 
$
6,192

 
$
6,218

 
$
(26
)
 
—
 %

 
 
Three Months Ended June 30,
 
 
 
 
New Store Property Expenses
 
2015
 
2014
 
Change
 
% Change
Real estate taxes
 
$
547

 
$
—

 
$
547

 
Not meaningful
Utilities
 
91

 
—

 
91

 
Not meaningful
Contract services
 
172

 
—

 
172

 
Not meaningful
Repairs and maintenance
 
113

 
—

 
113

 
Not meaningful
Bad debt
 
53

 
—

 
53

 
Not meaningful
Labor and other
 
96

 
—

 
96

 
Not meaningful
Total property expenses
 
$
1,072

 
$
—

 
$
1,072

 
Not meaningful


28

Real estate taxes.  Real estate taxes increased $720,000, or 33%, during the three months ended June 30, 2015 as compared to the same period in 2014. Real estate taxes for New Store properties increased approximately $547,000 for the three months ended June 30, 2015. Same Store real estate taxes increased approximately $173,000 during the three months ended June 30, 2015 as compared to the same period in 2014. We actively work to keep our valuations and resulting taxes low because a majority of these taxes are charged to our tenants through triple net leases, and we strive to keep these charges to our tenants as low as possible.

Utilities. Utilities expenses decreased $4,000, which was not a meaningful change, during the three months ended June 30, 2015 as compared to the same period in 2014. Utilities expense increases attributable to New Store properties were approximately $91,000 for the three months ended June 30, 2015. Same Store utilities expenses decreased approximately $95,000, or 9%, during the three months ended June 30, 2015 as compared to the same period in 2014.

Contract services.  Contract services increased $206,000, or 19%, during the three months ended June 30, 2015 as compared to the same period in 2014. The increase in contract services expenses included $172,000 in increases for New Store properties for the three months ended June 30, 2015. Same Store contract service expenses increased approximately $34,000 during the three months ended June 30, 2015 as compared to the same period in 2014.
  
Repairs and maintenance. Repairs and maintenance expenses increased $143,000, or 27%, during the three months ended June 30, 2015 as compared to the same period in 2014. Repairs and maintenance expenses for the three months ended June 30, 2015 included approximately $113,000 in increases for New Store properties. Same Store repairs and maintenance expenses increased approximately $30,000 during the three months ended June 30, 2015 as compared to the same period in 2014.
 
Bad debt.  Bad debt expenses decreased $77,000, or 12%, during the three months ended June 30, 2015 as compared to the same period in 2014. Bad debt expenses for the three months ended June 30, 2015 included approximately $53,000 in increases for New Store properties. Same Store bad debt decreased approximately $130,000 during the three months ended June 30, 2015 as compared to the same period in 2014.

Labor and other.  Labor and other expenses increased $58,000, or 9%, during the three months ended June 30, 2015 as compared to the same period in 2014. Labor and other expenses for the three months ended June 30, 2015 included approximately $96,000 in increased cost for New Store properties. Same Store labor and other expenses decreased approximately $38,000 during the three months ended June 30, 2015 as compared to the same period in 2014.

29


Same Store and New Store net operating income. The components of Same Store, New Store and total property net operating income and net income are detailed in the table below (in thousands):

 
 
Three Months Ended June 30,
 
 
 
Percent
 
 
2015
 
2014
 
Change
 
Change
Same Store (51 properties, exclusive of land held for development)
 
 
 
 
 
 
 
 
Property revenues
 
 
 
 
 
 
 
 
Rental revenues
 
$
14,294

 
$
13,443

 
$
851

 
6
 %
Other revenues
 
3,704

 
3,819

 
(115
)
 
(3
)%
Total property revenues
 
17,998

 
17,262

 
736

 
4
 %
 
 
 
 
 
 
 
 
 
Property expenses
 
 
 
 
 
 
 
 
Property operation and maintenance
 
3,814

 
4,013

 
(199
)
 
(5
)%
Real estate taxes
 
2,378

 
2,205

 
173

 
8
 %
Total property expenses
 
6,192

 
6,218

 
(26
)
 
—
 %
 
 
 
 
 
 
 
 
 
Total Same Store net operating income
 
11,806

 
11,044

 
762

 
7
 %
 
 
 
 
 
 
 
 
 
New Store (8 properties, exclusive of land held for development)
 
 
 
 
 
 
 
 
Property revenues
 
 
 
 
 
 
 
 
Rental revenues
 
2,882

 
—

 
2,882

 
Not meaningful

Other revenues
 
1,090

 
—

 
1,090

 
Not meaningful

Total property revenues
 
3,972

 
—

 
3,972

 
Not meaningful

 
 
 
 
 
 
 
 
 
Property expenses
 
 
 
 
 
 
 
 
Property operation and maintenance
 
525

 
—

 
525

 
Not meaningful

Real estate taxes
 
547

 
—

 
547

 
Not meaningful

Total property expenses
 
1,072

 
—

 
1,072

 
Not meaningful

 
 
 
 
 
 
 
 
 
Total New Store net operating income
 
2,900

 
—

 
2,900

 
Not meaningful

 
 
 
 
 
 
 
 
 
Total property net operating income
 
14,706

 
11,044

 
3,662

 
33
 %
 
 
 
 
 
 
 
 
 
Less total other expenses, provision for income taxes and loss on disposal of assets
 
13,113

 
9,910

 
3,203

 
32
 %
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
1,593

 
1,134

 
459

 
40
 %
Income (loss) from discontinued operations, net of taxes
 
(33
)
 
146

 
(179
)
 
(123
)%
 
 
 
 
 
 
 
 
 
Net income
 
$
1,560

 
$
1,280

 
$
280

 
22
 %


30


Other expenses.  Our other expenses were $13,027,000 for the three months ended June 30, 2015, as compared to $9,831,000 for the three months ended June 30, 2014, an increase of $3,196,000, or 33%.  The primary components of other expenses are detailed in the table below (in thousands, except percentages):

 
 
Three Months Ended June 30,
 
 
 
 
 
 
2015
 
2014
 
Change
 
% Change
General and administrative
 
$
4,998

 
$
3,582

 
$
1,416

 
40
%
Depreciation and amortization
 
4,675

 
3,834

 
841

 
22
%
Interest expense
 
3,516

 
2,434

 
1,082

 
44
%
Interest, dividend and other investment income
 
(162
)
 
(19
)
 
(143
)
 
753
%
Total other expenses
 
$
13,027

 
$
9,831

 
$
3,196

 
33
%

General and administrative.  General and administrative expenses increased approximately $1,416,000, or 40%, for the three months ended June 30, 2015 as compared to the same period in 2014. The increase was comprised of $435,000 in share-based compensation expense, $377,000 in increased acquisition costs, $213,000 in increased salaries and benefits, $144,000 in increased legal fees, $111,000 in increased professional fees and $136,000 in other increases.

Total compensation recognized in earnings for share-based payments was $1,669,000 and $1,234,000 for the three months ended June 30, 2015 and 2014, respectively.

Based on our current financial projections, we expect approximately 82% of the unvested awards to vest over the next 45 months. As of June 30, 2015, there was approximately $11.5 million in unrecognized compensation cost related to outstanding non-vested performance-based shares, which are expected to vest over a period of 45 months and approximately $4.8 million in unrecognized compensation cost related to outstanding non-vested time-based shares, which are expected to be recognized over a period of approximately 21 months beginning on July 1, 2015.

We expect to record approximately $6.9 million in non-cash share-based compensation expense in 2015 and $12.8 million subsequent to 2015. The unrecognized share-based compensation cost is expected to vest over a weighted average period of 31 months. The dilutive impact of the performance-based shares will be included in the denominator of the earnings per share calculation beginning in the period that the performance conditions are expected to be met.

Depreciation and amortization. Depreciation and amortization increased $841,000, or 22%, for the three months ended June 30, 2015 as compared to the same period in 2014. Depreciation for improvements to Same Store properties increased $89,000 for the three months ended June 30, 2015 as compared to the same period in 2014. Lease commission amortization and depreciation of corporate assets increased $54,000 for the three months ended June 30, 2015 as compared to the same period in 2014. Depreciation for New Store properties increased $698,000.

Interest expense. Interest expense increased $1,082,000, or 44%, for the three months ended June 30, 2015 as compared to the same period in 2014. The increase in interest expense is comprised of approximately $1,210,000 in increased interest expense resulting from a $141,845,000 increase in our average notes payable balance during the three months ended June 30, 2015 as compared to the same period in 2014, an increase in amortized loan fees included in interest expense of $97,000 for the three months ended June 30, 2015 and offset by decreased interest expense of $225,000 resulting from a decrease in the average effective interest rate on our average notes payable from 3.41% to 3.19% during three months ended June 30, 2015 as compared to the same period in 2014.

Interest, dividend and other investment income. Interest, dividend and other investment income increased $143,000, or 753%, for the three months ended June 30, 2015 as compared to the same period in 2014. The increase in interest, dividend and other investment income for the three months ended June 30, 2015 as compared to the same period in 2014 is comprised of approximately $101,000 in increased interest income, $44,000 in increased gains on sales of available-for-sale securities and a $2,000 decrease in dividend income.

31

Discontinued operations. Discontinued operations are comprised of the three office buildings known as Zeta, Royal Crest and Featherwood, located in Houston, Texas. On December 31, 2014, we completed the sale of the three office buildings for $10.3 million. As part of the transaction, we provided short-term seller financing of $2.5 million. We recorded a gain on sale of $4.4 million, including recognizing a $1.9 million gain on sale for the year ended December 31, 2014 and deferring the remaining $2.5 million gain on sale to be recognized upon receipt of principal payments on the financing provided by us.

The primary components of discontinued operations are detailed in the table below (in thousands):

 
 
Three Months Ended June 30,
 
 
2015
 
2014
Property revenues
 
 
 
 
Rental revenues
 
$
—

 
$
396

Other revenues
 
—

 
16

Total property revenues
 
—

 
412

 
 
 
 
 
Property expenses
 
 
 
 
Property operation and maintenance
 
33

 
129

Real estate taxes
 
—

 
46

Total property expenses
 
33

 
175

 
 
 
 
 
Other expenses
 
 
 
 
Interest expense
 
—

 
15

Depreciation and amortization
 
—

 
74

Total other expense
 
—

 
89

 
 
 
 
 
Income before loss on disposal of assets and income taxes
 
(33
)
 
148

 
 
 
 
 
Provision for income taxes
 
—

 
(2
)
Gain (loss) on sale or disposal of property or assets in discontinued operations
 
—

 
—

 
 
 
 
 
Income (loss) from discontinued operations
 
$
(33
)
 
$
146





32

Results of Operations

Comparison of the Six Months Ended June 30, 2015 and 2014
 
The following table provides a summary comparison of our results of operations for the six months ended June 30, 2015 and 2014 (dollars in thousands, except per share and OP unit amounts):

 
 
Six Months Ended June 30,
 
 
2015
 
2014
Number of properties owned and operated (1)
 
65

 
57

Aggregate gross leasable area (sq. ft.) (1)
 
5,632,597

 
4,855,109

Ending occupancy rate - operating portfolio(2)
 
87
%
 
86
%
Ending occupancy rate - all properties
 
86
%
 
86
%
 
 
 
 
 
Total property revenues
 
$
43,222

 
$
34,637

Total property expenses
 
14,251

 
12,019

Total other expenses
 
25,475

 
18,925

Provision for income taxes
 
174

 
136

Loss on disposal of assets
 
100

 
111

Income from continuing operations
 
3,222

 
3,446

Income (loss) from discontinued operations, net of taxes
 
(41
)
 
266

Net income
 
3,181

 
3,712

Less:  Net income attributable to noncontrolling interests
 
53

 
87

Net income attributable to Whitestone REIT
 
$
3,128

 
$
3,625

 
 
 
 
 
Funds from operations core (3)
 
$
16,647

 
$
13,664

Property net operating income (4)
 
28,971

 
22,618

Distributions paid on common shares and OP units
 
13,351

 
12,908

Distributions per common share and OP unit
 
$
0.5700

 
$
0.5700

Distributions paid as a percentage of funds from operations core
 
80
%
 
94
%

(1)  
Excludes 112,400 square feet of gross leasable area in three office buildings sold on December 31, 2014, Zeta, Royal Crest and Featherwood, located in Houston, Texas.

(2)  
Excludes (i) new acquisitions, through the earlier of attainment of 90% occupancy or 18 months of ownership, and (ii) properties that are undergoing significant redevelopment or re-tenanting.

(3)  
For a reconciliation of funds from operations core to net income, see “Funds From Operations Core” below.

(4)  
For a reconciliation of property net operating income to net income, see “Property Net Operating Income” below.


33

Property revenues. We had rental income and tenant reimbursements of approximately $43,222,000 for the six months ended June 30, 2015 as compared to $34,637,000 for the six months ended June 30, 2014, an increase of $8,585,000, or 25%. The six months ended June 30, 2015 included $7,393,000 in increased revenues from New Store operations. For purposes of comparing the six months ended June 30, 2015 to the six months ended June 30, 2014, New Stores include properties acquired between January 1, 2014 and June 30, 2015. Same Store revenues increased $1,192,000 for the six months ended June 30, 2015 as compared to the same period in the prior year. For purposes of comparing the six months ended June 30, 2015 to the six months ended June 30, 2014, Same Stores include properties currently owned that were acquired before January 1, 2014. Same Store average occupancy was 86.4% for the six months ended June 30, 2015 and June 30, 2014, decreasing Same Store revenues $4,000. The Same Store average revenue per leased square foot increased $0.57 for the six months ended June 30, 2015 to $17.08 per leased square foot as compared to the average revenue per leased square foot of $16.51 for the six months ended June 30, 2014, resulting in an increase of Same Store revenues of $1,196,000.

Property expenses.  Our property expenses were approximately $14,251,000 for the six months ended June 30, 2015 as compared to $12,019,000 for the six months ended June 30, 2014, an increase of $2,232,000, or 19%.  The primary components of total property expenses are detailed in the table below (in thousands, except percentages):

 
 
Six Months Ended June 30,
 
 
 
 
Overall Property Expenses
 
2015
 
2014
 
Change
 
% Change
Real estate taxes
 
$
5,829

 
$
4,482

 
$
1,347

 
30
 %
Utilities
 
2,128

 
1,993

 
135

 
7
 %
Contract services
 
2,511

 
2,148

 
363

 
17
 %
Repairs and maintenance
 
1,330

 
1,010

 
320

 
32
 %
Bad debt
 
800

 
1,055

 
(255
)
 
(24
)%
Labor and other
 
1,653

 
1,331

 
322

 
24
 %
Total property expenses
 
$
14,251

 
$
12,019

 
$
2,232

 
19
 %

 
 
Six Months Ended June 30,
 
 
 
 
Same Store Property Expenses
 
2015
 
2014
 
Change
 
% Change
Real estate taxes
 
$
4,849

 
$
4,482

 
$
367

 
8
 %
Utilities
 
1,962

 
1,993

 
(31
)
 
(2
)%
Contract services
 
2,191

 
2,148

 
43

 
2
 %
Repairs and maintenance
 
1,155

 
1,010

 
145

 
14
 %
Bad debt
 
736

 
1,055

 
(319
)
 
(30
)%
Labor and other
 
1,417

 
1,331

 
86

 
6
 %
Total property expenses
 
$
12,310

 
$
12,019

 
$
291

 
2
 %

 
 
Six Months Ended June 30,
 
 
 
 
New Store Property Expenses
 
2015
 
2014
 
Change
 
% Change
Real estate taxes
 
$
980

 
$
—

 
$
980

 
Not meaningful
Utilities
 
166

 
—

 
166

 
Not meaningful
Contract services
 
320

 
—

 
320

 
Not meaningful
Repairs and maintenance
 
175

 
—

 
175

 
Not meaningful
Bad debt
 
64

 
—

 
64

 
Not meaningful
Labor and other
 
236

 
—

 
236

 
Not meaningful
Total property expenses
 
$
1,941

 
$
—

 
$
1,941

 
Not meaningful


34

Real estate taxes.  Real estate taxes increased $1,347,000, or 30%, during the six months ended June 30, 2015 as compared to the same period in 2014. Real estate taxes for New Store properties increased approximately $980,000 for the six months ended June 30, 2015. Same Store real estate taxes increased approximately $367,000 during the six months ended June 30, 2015 as compared to the same period in 2014. We actively work to keep our valuations and resulting taxes low because a majority of these taxes are charged to our tenants through triple net leases, and we strive to keep these charges to our tenants as low as possible.

Utilities. Utilities expenses increased $135,000, or 7%, during the six months ended June 30, 2015 as compared to the same period in 2014. Utilities expense increases attributable to New Store properties were approximately $166,000 for the six months ended June 30, 2015. Same Store utilities expenses decreased approximately $31,000, or 2%, during the six months ended June 30, 2015 as compared to the same period in 2014.

Contract services.  Contract services increased $363,000, or 17%, during the six months ended June 30, 2015 as compared to the same period in 2014. The increase in contract services expenses included $320,000 in increases for New Store properties for the six months ended June 30, 2015. Same Store contract service expenses increased approximately $43,000 during the six months ended June 30, 2015 as compared to the same period in 2014.
  
Repairs and maintenance. Repairs and maintenance expenses increased $320,000, or 32%, during the six months ended June 30, 2015 as compared to the same period in 2014. Repairs and maintenance expenses for the six months ended June 30, 2015 included approximately $175,000 in increases for New Store properties. Same Store repairs and maintenance expenses increased approximately $145,000 during the six months ended June 30, 2015 as compared to the same period in 2014.
 
Bad debt.  Bad debt expenses decreased $255,000, or 24%, during the six months ended June 30, 2015 as compared to the same period in 2014. Bad debt expenses for the six months ended June 30, 2015 included approximately $64,000 in increases for New Store properties. Same Store bad debt decreased approximately $319,000 during the six months ended June 30, 2015 as compared to the same period in 2014.

Labor and other.  Labor and other expenses increased $322,000, or 24%, during the six months ended June 30, 2015 as compared to the same period in 2014. Labor and other expenses for the six months ended June 30, 2015 included approximately $236,000 in increased cost for New Store properties. Same Store labor and other expenses increased approximately $86,000 during the six months ended June 30, 2015 as compared to the same period in 2014.

35


Same Store and New Store net operating income. The components of Same Store, New Store and total property net operating income and net income are detailed in the table below (in thousands):

 
 
Six Months Ended June 30,
 
 
 
Percent
 
 
2015
 
2014
 
Change
 
Change
Same Store (51 properties, exclusive of land held for development)
 
 
 
 
 
 
 
 
Property revenues
 
 
 
 
 
 
 
 
Rental revenues
 
$
28,266

 
$
27,057

 
$
1,209

 
4
 %
Other revenues
 
7,563

 
7,580

 
(17
)
 
—
 %
Total property revenues
 
35,829

 
34,637

 
1,192

 
3
 %
 
 
 
 
 
 
 
 
 
Property expenses
 
 
 
 
 
 
 
 
Property operation and maintenance
 
7,461

 
7,537

 
(76
)
 
(1
)%
Real estate taxes
 
4,849

 
4,482

 
367

 
8
 %
Total property expenses
 
12,310

 
12,019

 
291

 
2
 %
 
 
 
 
 
 
 
 
 
Total Same Store net operating income
 
23,519

 
22,618

 
901

 
4
 %
 
 
 
 
 
 
 
 
 
New Store (8 properties, exclusive of land held for development)
 
 
 
 
 
 
 
 
Property revenues
 
 
 
 
 
 
 
 
Rental revenues
 
5,375

 
—

 
5,375

 
Not meaningful

Other revenues
 
2,018

 
—

 
2,018

 
Not meaningful

Total property revenues
 
7,393

 
—

 
7,393

 
Not meaningful

 
 
 
 
 
 
 
 
 
Property expenses
 
 
 
 
 
 
 
 
Property operation and maintenance
 
961

 
—

 
961

 
Not meaningful

Real estate taxes
 
980

 
—

 
980

 
Not meaningful

Total property expenses
 
1,941

 
—

 
1,941

 
Not meaningful

 
 
 
 
 
 
 
 
 
Total New Store net operating income
 
5,452

 
—

 
5,452

 
Not meaningful

 
 
 
 
 
 
 
 
 
Total property net operating income
 
28,971

 
22,618

 
6,353

 
28
 %
 
 
 
 
 
 
 
 
 
Less total other expenses, provision for income taxes and loss on disposal of assets
 
25,749

 
19,172

 
6,577

 
34
 %
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
3,222

 
3,446

 
(224
)
 
(7
)%
Income from discontinued operations, net of taxes
 
(41
)
 
266

 
(307
)
 
(115
)%
 
 
 
 
 
 
 
 
 
Net income
 
$
3,181

 
$
3,712

 
$
(531
)
 
(14
)%


36


Other expenses.  Our other expenses were $25,475,000 for the six months ended June 30, 2015, as compared to $18,925,000 for the six months ended June 30, 2014, an increase of $6,550,000, or 35%.  The primary components of other expenses are detailed in the table below (in thousands, except percentages):

 
 
Six Months Ended June 30,
 
 
 
 
 
 
2015
 
2014
 
Change
 
% Change
General and administrative
 
$
9,483

 
$
6,539

 
$
2,944

 
45
%
Depreciation and amortization
 
9,239

 
7,663

 
1,576

 
21
%
Interest expense
 
6,924

 
4,763

 
2,161

 
45
%
Interest, dividend and other investment income
 
(171
)
 
(40
)
 
(131
)
 
328
%
Total other expenses
 
$
25,475

 
$
18,925

 
$
6,550

 
35
%

General and administrative.  General and administrative expenses increased approximately $2,944,000, or 45%, for the six months ended June 30, 2015 as compared to the same period in 2014. The increase was comprised of $1,736,000 in share-based compensation expense, $415,000 in increased acquisition costs, $237,000 in increased salaries and benefits, $228,000 in increased office expenses, $201,000 in increased legal fees and $127,000 in other expenses.

Total compensation recognized in earnings for share-based payments was $3,343,000 and $1,607,000 for the six months ended June 30, 2015 and 2014, respectively.

Based on our current financial projections, we expect approximately 82% of the unvested awards to vest over the next 45 months. As of June 30, 2015, there was approximately $11.5 million in unrecognized compensation cost related to outstanding non-vested performance-based shares, which are expected to vest over a period of 45 months and approximately $4.8 million in unrecognized compensation cost related to outstanding non-vested time-based shares, which are expected to be recognized over a period of approximately 21 months beginning on July 1, 2015.

We expect to record approximately $6.9 million in non-cash share-based compensation expense in 2015 and $12.8 million subsequent to 2015. The unrecognized share-based compensation cost is expected to vest over a weighted average period of 31 months. The dilutive impact of the performance-based shares will be included in the denominator of the earnings per share calculation beginning in the period that the performance conditions are expected to be met.

Depreciation and amortization. Depreciation and amortization increased $1,576,000, or 21%, for the six months ended June 30, 2015 as compared to the same period in 2014. Depreciation for improvements to Same Store properties increased $121,000 for the six months ended June 30, 2015 as compared to the same period in 2014. Lease commission amortization and depreciation of corporate assets increased $85,000 for the six months ended June 30, 2015 as compared to the same period in 2014. Depreciation for New Store properties increased $1,370,000.

Interest expense. Interest expense increased $2,161,000, or 45%, for the six months ended June 30, 2015 as compared to the same period in 2014. The increase in interest expense is comprised of approximately $2,312,000 in increased interest expense resulting from a $138,740,000 increase in our average notes payable balance during the six months ended June 30, 2015 as compared to the same period in 2014, an increase in amortized loan fees included in interest expense of $196,000 for the six months ended June 30, 2015 and offset by decreased interest expense of $347,000 resulting from a decrease in the average effective interest rate on our average notes payable from 3.33% to 3.16% during six months ended June 30, 2015 as compared to the same period in 2014.

Interest, dividend and other investment income. Interest, dividend and other investment income increased $131,000, or 328%, for the six months ended June 30, 2015 as compared to the same period in 2014. The increase in interest, dividend and other investment income for the six months ended June 30, 2015 as compared to the same period in 2014 is comprised of approximately $90,000 in increased interest income, $44,000 in increased gains on sales of available-for-sale securities and a $3,000 decrease in dividend income.

37

Discontinued operations. Discontinued operations are comprised of the of three office buildings known as Zeta, Royal Crest and Featherwood, located in Houston, Texas. On December 31, 2014, we completed the sale of the three office buildings for $10.3 million. As part of the transaction, we provided short-term seller financing of $2.5 million. We recorded a gain on sale of $4.4 million, including recognizing a $1.9 million gain on sale for the year ended December 31, 2014 and deferring the remaining $2.5 million gain on sale to be recognized upon receipt of principal payments on the financing provided by us.

The primary components of discontinued operations are detailed in the table below (in thousands):

 
 
Six Months Ended June 30,
 
 
2015
 
2014
Property revenues
 
 
 
 
Rental revenues
 
$
—

 
$
755

Other revenues
 
—

 
69

Total property revenues
 
—

 
824

 
 
 
 
 
Property expenses
 
 
 
 
Property operation and maintenance
 
41

 
265

Real estate taxes
 
—

 
79

Total property expenses
 
41

 
344

 
 
 
 
 
Other expenses
 
 
 
 
Interest expense
 
—

 
58

Depreciation and amortization
 
—

 
153

Total other expense
 
—

 
211

 
 
 
 
 
Income before loss on disposal of assets and income taxes
 
(41
)
 
269

 
 
 
 
 
Provision for income taxes
 
—

 
(5
)
Gain on sale or disposal of property or assets in discontinued operations
 
—

 
2

 
 
 
 
 
Income (loss) from discontinued operations
 
$
(41
)
 
$
266





38

Reconciliation of Non-GAAP Financial Measures

Funds From Operations (“FFO”)
 
The National Association of Real Estate Investment Trusts (“NAREIT”) defines FFO as net income (loss) available to common shareholders computed in accordance with U.S. GAAP, excluding gains or losses from sales of operating real estate assets, impairment charges on properties held for investment and extraordinary items, plus depreciation and amortization of operating properties, including our share of unconsolidated real estate joint ventures and partnerships.  We calculate FFO in a manner consistent with the NAREIT definition.
 
Management uses FFO as a supplemental measure to conduct and evaluate our business because there are certain limitations associated with using U.S. GAAP net income (loss) alone as the primary measure of our operating performance. Historical cost accounting for real estate assets in accordance with U.S. GAAP implicitly assumes that the value of real estate assets diminishes predictably over time.  Because real estate values instead have historically risen or fallen with market conditions, management believes that the presentation of operating results for real estate companies that use historical cost accounting is insufficient by itself.  In addition, securities analysts, investors and other interested parties use FFO as the primary metric for comparing the relative performance of equity REITs.  

FFO should not be considered as an alternative to net income or other measurements under U.S. GAAP, as an indicator of our operating performance or to cash flows from operating, investing or financing activities as a measure of liquidity.  FFO does not reflect working capital changes, cash expenditures for capital improvements or principal payments on indebtedness. Although our calculation of FFO is consistent with that of NAREIT, there can be no assurance that FFO presented by us is comparable to similarly titled measures of other REITs.

Funds From Operations Core (“FFO Core”)

Management believes that the computation of FFO in accordance with NAREIT's definition includes certain items
that are not indicative of the results provided by our operating portfolio and affect the comparability of our period-over-period performance. These items include, but are not limited to, legal settlements, non-cash share-based compensation expense, rent support agreement payments received from sellers on acquired assets and acquisition costs. Therefore, in addition to FFO, management uses FFO Core, which we define to exclude such items. Management believes that these adjustments are appropriate in determining FFO Core as they are not indicative of the operating performance of our assets. In addition, we believe that FFO Core is a useful supplemental measure for the investing community to use in comparing us to other REITs as many REITs provide some form of adjusted or modified FFO. However, there can be no assurance that FFO Core presented by us is comparable to the adjusted or modified FFO of other REITs.

Below are the calculations of FFO and FFO Core and the reconciliations to net income, which we believe is the most comparable U.S. GAAP financial measure (in thousands):
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
FFO AND FFO CORE
 
2015
 
2014
 
2015
 
2014
Net income attributable to Whitestone REIT
 
$
1,534

 
$
1,253

 
$
3,128

 
$
3,625

Depreciation and amortization of real estate assets (1)
 
4,643

 
3,871

 
9,183

 
7,772

Loss (gain) on disposal of assets (1)
 
(5
)
 
24

 
100

 
109

Net income attributable to noncontrolling interests (1)
 
26

 
27

 
53

 
87

FFO
 
6,198

 
5,175

 
12,464

 
11,593

 
 
 
 
 
 
 
 
 
Non cash share-based compensation expense
 
1,669

 
1,234

 
3,343

 
1,607

Acquisition costs
 
596

 
162

 
840

 
308

Rent support agreement payments received
 
—

 
76

 
—

 
156

FFO Core
 
$
8,463

 
$
6,647

 
$
16,647

 
$
13,664


(1) 
Includes amounts from discontinued operations.


39

Property Net Operating Income (“NOI”)

Management believes that NOI is a useful measure of our property operating performance and is useful to securities analysts in estimating the relative net asset values of REITs. We define NOI as operating revenues (rental and other revenues) less property and related expenses (property operation and maintenance and real estate taxes). Other REITs may use different methodologies for calculating NOI and, accordingly, our NOI may not be comparable to other REITs. Because NOI excludes general and administrative expenses, depreciation and amortization, involuntary conversion, interest expense, interest income, provision for income taxes and gain or loss on sale or disposition of assets, it provides a performance measure that, when compared year over year, reflects the revenues and expenses directly associated with owning and operating commercial real estate properties and the impact to operations from trends in occupancy rates, rental rates and operating costs, providing perspective not immediately apparent from net income. We use NOI to evaluate our operating performance since NOI allows us to evaluate the impact that factors such as occupancy levels, lease structure, lease rates and tenant base have on our results, margins and returns. In addition, management believes that NOI provides useful information to the investment community about our property and operating performance when compared to other REITs since NOI is generally recognized as a standard measure of property performance in the real estate industry. However, NOI should not be viewed as a measure of our overall financial performance since it does not reflect general and administrative expenses, depreciation and amortization, involuntary conversion, interest expense, interest income, provision for income taxes and gain or loss on sale or disposition of assets, the level of capital expenditures and leasing costs necessary to maintain the operating performance of our properties.

Below is the calculation of NOI and the reconciliations to net income, which we believe is the most comparable U.S. GAAP financial measure (in thousands):

 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
PROPERTY NET OPERATING INCOME
 
2015
 
2014
 
2015
 
2014
Net income attributable to Whitestone REIT
 
$
1,534

 
$
1,253

 
$
3,128

 
$
3,625

General and administrative expenses
 
4,998

 
3,582

 
9,483

 
6,539

Depreciation and amortization
 
4,675

 
3,834

 
9,239

 
7,663

Interest expense
 
3,516

 
2,434

 
6,924

 
4,763

Interest, dividend and other investment income
 
(162
)
 
(19
)
 
(171
)
 
(40
)
Provision for income taxes
 
91

 
55

 
174

 
136

Loss (gain) on disposal of assets
 
(5
)
 
24

 
100

 
111

Loss (income) from discontinued operations
 
33

 
(146
)
 
41

 
(266
)
Net income attributable to noncontrolling interests
 
26

 
27

 
53

 
87

NOI
 
$
14,706

 
$
11,044

 
$
28,971

 
$
22,618


Liquidity and Capital Resources
 
Our short-term liquidity requirements consist primarily of distributions to holders of our common shares and OP units, including those required to maintain our REIT status and satisfy our current quarterly distribution target of $0.2850 per share and OP unit, recurring expenditures, such as repairs and maintenance of our properties, non-recurring expenditures, such as capital improvements and tenant improvements, debt service requirements, and, potentially, acquisitions of additional properties.

     During the six months ended June 30, 2015, our cash provided from operating activities was $14,603,000 and our total distributions were $13,351,000.  Therefore, we had cash flow from operations in excess of distributions of approximately $1,252,000. We anticipate that cash flows from operating activities and our borrowing capacity under our unsecured revolving credit facility will provide adequate capital for our working capital requirements, anticipated capital expenditures and scheduled debt payments in the short term. We also believe that cash flows from operating activities and our borrowing capacity will allow us to make all distributions required for us to continue to qualify to be taxed as a REIT for federal income tax purposes.


40

Our long-term capital requirements consist primarily of maturities under our longer-term debt agreements, development and redevelopment costs, and potential acquisitions. We expect to meet our long-term liquidity requirements with net cash from operations, long-term indebtedness, sales of common shares, issuance of OP units, sales of underperforming properties and other financing opportunities, including debt financing. We believe we have access to multiple sources of capital to fund our long-term liquidity requirements, including the incurrence of additional debt and the issuance of additional equity. However, our ability to incur additional debt will be dependent on a number of factors, including our degree of leverage, the value of our unencumbered assets and borrowing restrictions that may be imposed by lenders. Our ability to access the equity markets will be dependent on a number of factors as well, including general market conditions for REITs and market perceptions about our Company.

We expect that our rental income will increase as we continue to acquire additional properties, subsequently increasing our cash flows generated from operating activities. We intend to continue acquiring such additional properties that meet our Community Centered Property strategy through equity issuances and debt financing.

As discussed in Note 10 to the accompanying consolidated financial statements, on June 26, 2015, we completed the sale of 3,750,000 common shares at a purchase price of $13.3386 per share. Total net proceeds from the offering, after deducting offering expenses, were approximately $50.0 million, which we contributed to the Operating Partnership in exchange for OP units. The Operating Partnership used the net proceeds from this offering to repay a portion of our unsecured credit facility and for general corporate purposes. In addition, on June 4, 2015, we entered into the 2015 equity distribution agreements, as discussed in Note 10 to the accompanying consolidated financial statements.  Pursuant to the terms and conditions of the 2015 equity distribution agreements, we can issue and sell up to an aggregate of $50 million of our common shares into the existing trading market at current market prices or at negotiated prices through the placement agents over a period of time and from time to time. We have not sold any common shares under the 2015 equity distribution agreements.  We anticipate using net proceeds from common shares issued pursuant to the 2015 equity distribution agreements for general corporate purposes, which may include acquisitions of additional properties, the repayment of outstanding indebtedness, capital expenditures, the expansion, redevelopment and/or re-tenanting of properties in our portfolio, working capital and other general purposes.

Our capital structure includes non-recourse mortgage debt that we have assumed or originated on certain properties. We may hedge the future cash flows of certain variable rate debt transactions principally through interest rate swaps with major financial institutions. See Note 7 (Derivatives and Hedging Activities) to the accompanying consolidated financial statements for a description of our current cash flow hedges.
  
Cash and Cash Equivalents
 
We had cash and cash equivalents of approximately $6,251,000 as of June 30, 2015, as compared to $4,236,000 on December 31, 2014.  The increase of $2,015,000 was primarily the result of the following:
 
Sources of Cash
 
•
Cash flow from operations of $14,603,000 for the six months ended June 30, 2015;

•
Proceeds of $9,500,000 from the Facility;

•
Net proceeds of $49,725,000 from issuance of common shares;

•
Proceeds from sales of marketable securities of $496,000;

Uses of Cash

•
Payment of distributions to common shareholders and OP unit holders of $13,351,000;

•
Additions to real estate of $5,009,000;

•
Acquisitions of real estate of $51,800,000;

•
Repurchase of common shares of $772,000;

•
Payments of notes payable of $1,336,000; and

41


•
Cash flow from discontinued operations of $41,000;

     We place all cash in short-term, highly liquid investments that we believe provide appropriate safety of principal.

Debt

Debt consisted of the following as of the dates indicated (in thousands):
Description
 
June 30, 2015
 
December 31, 2014
Fixed rate notes
 
 
 
 
$10.5 million, LIBOR plus 2.00% Note, due September 24, 2018 (1)
 
$
10,340

 
$
10,460

$50.0 million, 0.84% plus 1.75% to 2.50% Note, due February 17, 2017 (2)
 
50,000

 
50,000

$37.0 million 3.76% Note, due December 1, 2020
 
35,623

 
36,090

$6.5 million 3.80% Note, due January 1, 2019
 
6,273

 
6,355

$19.0 million 4.15% Note, due December 1, 2024
 
19,000

 
19,000

$20.2 million 4.28% Note, due June 6, 2023
 
20,200

 
20,200

$14.0 million 4.34% Note, due September 11, 2024
 
14,000

 
14,000

$14.3 million 4.34% Note, due September 11, 2024
 
14,300

 
14,300

$16.5 million 4.97% Note, due September 26, 2023
 
16,450

 
16,450

$15.1 million 4.99% Note, due January 6, 2024
 
15,060

 
15,060

$9.2 million, Prime Rate less 2.00%, due December 29, 2017 (3)
 
7,887

 
7,888

$2.6 million 5.46% Note, due October 1, 2023
 
2,568

 
2,583

$11.1 million 5.87% Note, due August 6, 2016
 
11,457

 
11,607

$0.9 million 2.97% Note, due November 28, 2015
 
529

 
—

Floating rate notes
 
 
 
 
Unsecured line of credit, LIBOR plus 1.40% to 1.95%, due November 7, 2018
 
129,600

 
120,100

$50.0 million, LIBOR plus 1.35% to 1.90% Note, due November 7, 2019
 
50,000

 
50,000

 
 
$
403,287

 
$
394,093


(1) 
Promissory note includes an interest rate swap that fixed the interest rate at 3.55% for the duration of the term.

(2) 
Promissory note includes an interest rate swap that fixed the LIBOR portion of our $50 million term loan under our previous unsecured revolving credit facility at 0.84%.

(3) 
Promissory note includes an interest rate swap that fixed the interest rate at 5.72% for the duration of the term. As part of our acquisition of Paradise Plaza in August 2012, we recorded a discount on the note of $1.3 million, which amortizes into interest expense over the life of the loan and results in an imputed interest rate of 4.13%.

On December 24, 2014, we assumed a $2.6 million promissory note as part of our acquisition of the hard corner at Village Square at Dana Park (See Note 14). The 5.46% fixed interest rate note matures October 1, 2023.

On November 26, 2014, we, operating through our subsidiary, Whitestone Headquarters Village, LLC, a Delaware limited liability company, entered into a $19.0 million promissory note (the “Headquarters Note”), with a fixed interest rate of 4.15% payable to Morgan Stanley Bank, N.A. and a maturity date of December 1, 2024. Proceeds from the Headquarters Note were used to repay a portion of our unsecured revolving credit facility.


42

On November 7, 2014, we, through our Operating Partnership, entered into an unsecured revolving credit facility (the “Facility”) with the lenders party thereto, with BMO Capital Markets, Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and U.S. Bank, National Association, as co-lead arrangers and joint book runners, and Bank of Montreal, as administrative agent (the “Agent”). The Facility amended and restated our previous unsecured revolving credit facility. Proceeds from the Facility were used for general corporate purposes, including property acquisitions, debt repayment, capital expenditures, the expansion, redevelopment and re-tenanting of properties in our portfolio and working capital. We intend to use the additional proceeds from the Facility for general corporate purposes, including property acquisitions, debt repayment, capital expenditure, the expansion, redevelopment and re-tenanting of properties in our portfolio and working capital.

The Facility is comprised of three tranches:

•
$400 million unsecured revolving credit facility (the “Revolver”);
•
$50 million unsecured term loan (the “Term Loan 1”); and
•
$50 million unsecured term loan (the “Term Loan 2”).

The Facility includes an accordion feature that will allow the Operating Partnership to increase the borrowing capacity to $700 million, upon the satisfaction of certain conditions. The Revolver will mature on November 7, 2018, with an option to extend for one additional year to November 7, 2019, subject to certain conditions, including payment of an extension fee. The Term Loan 1 will mature on February 17, 2017, and the Term Loan 2 will mature on November 7, 2019.

Borrowings under the Facility accrue interest (at the Operating Partnership's option) at a Base Rate or an Adjusted LIBOR plus an applicable margin based upon our then existing leverage. The applicable margin for Adjusted LIBOR borrowings ranges from 1.40% to 1.95% for the Revolver and 1.35% to 1.90% for the term loans. Base Rate means the higher of: (a) the Agent's prime commercial rate, (b) the sum of (i) the average rate quoted by the Agent by two or more federal funds brokers selected by the Agent for sale to the Agent at face value of federal funds in the secondary market in an amount equal or comparable to the principal amount for which such rate is being determined, plus (ii) 1/2 of 1.00%, and (c) the LIBOR rate for such day plus 1.00%. Adjusted LIBOR means LIBOR divided by one minus the Eurodollar Reserve Percentage. The Eurodollar Reserve Percentage means the maximum reserve percentage at which reserves are imposed by the Board of Governors of the Federal Reserve System on eurocurrency liabilities.

We serve as the guarantor for funds borrowed by the Operating Partnership under the Facility. The Facility contains customary terms and conditions, including, without limitation, affirmative and negative covenants such as information reporting requirements, maximum secured indebtedness to total asset value, minimum EBITDA (earnings before interest, taxes, depreciation, amortization or extraordinary items) to fixed charges, and maintenance of a minimum net worth. The Facility also contains customary events of default with customary notice and cure, including, without limitation, nonpayment, breach of covenant, misrepresentation of representations and warranties in a material respect, cross-default to other major indebtedness, change of control, bankruptcy and loss of REIT tax status. As of June 30, 2015, we were in compliance with all covenants under the Facility.

As of June 30, 2015, $229.6 million was drawn on the Facility, and our remaining borrowing capacity was $270.4 million. Proceeds from the Facility were used for general corporate purposes, including property acquisitions, debt repayment, capital expenditures, the expansion, redevelopment and retenanting of properties in our portfolio and working capital.

On September 3, 2014, we, operating through our subsidiary, Whitestone Pecos Ranch, LLC, a Delaware limited liability company, entered into a $14.0 million promissory note (the “Pecos Note”), with a fixed interest rate of 4.34% payable to Wells Fargo Bank, National Association and a maturity date of September 11, 2024. Proceeds from the Pecos Note were used to repay a portion of our previous unsecured revolving credit facility.

On August 26, 2014, we, operating through our subsidiary, Whitestone Shops at Starwood, LLC, a Delaware limited liability company, entered into a $14.3 million promissory note (the “Starwood Note”), with a fixed interest rate of 4.34% payable to Wells Fargo Bank, National Association and a maturity date of September 11, 2024. Proceeds from the Starwood Note were used to repay a portion of our previous unsecured revolving credit facility.

As of June 30, 2015, our $173.2 million in secured debt was collateralized by 20 properties with a carrying value of $215.7 million.  Our loans contain restrictions that would require the payment of prepayment penalties for the acceleration of outstanding debt and are secured by deeds of trust on certain of our properties and by assignment of the rents and leases associated with those properties.  As of June 30, 2015, we were in compliance with all loan covenants.


43

Scheduled maturities of our outstanding debt as of June 30, 2015 were as follows (in thousands):
 
 
 
Year
 
Amount Due
 
 
 
2015
 
$
1,549

2016
 
13,269

2017
 
60,212

2018
 
141,736

2019
 
58,049

Thereafter
 
128,472

Total
 
$
403,287


Capital Expenditures
 
We continually evaluate our properties’ performance and value. We may determine it is in our shareholders’ best interest to invest capital in properties that we believe have potential for increasing value. We also may have unexpected capital expenditures or improvements for our existing assets. Additionally, we intend to continue investing in similar properties outside of the markets on which we focus in cities with exceptional demographics to diversify market risk, and we may incur significant capital expenditures or make improvements in connection with any properties we may acquire.

Contractual Obligations

During the six months ended June 30, 2015, there were no material changes outside of the ordinary course of business to the information regarding specified contractual obligations contained in our Annual Report on Form 10-K for the year ended December 31, 2014.

Distributions
 
The following table summarizes the cash distributions paid or payable to holders of our common shares and noncontrolling OP units during each quarter during 2014 and the six months ended June 30, 2015 (in thousands, except per share data):

 
 
Common Shares
 
Noncontrolling OP Unit Holders
 
Total
Quarter Paid
 
Distributions Per Common Share
 
Total Amount Paid
 
Distributions Per OP Unit
 
Total Amount Paid
 
Total Amount Paid
2015
 
 
 
 
 
 
 
 
 
 
Second Quarter
 
$
0.2850

 
$
6,601

 
$
0.2850

 
$
111

 
$
6,712

First Quarter
 
0.2850

 
6,526

 
0.2850

 
113

 
$
6,639

Total
 
$
0.5700

 
$
13,127

 
$
0.5700

 
$
224

 
$
13,351

 
 
 
 
 
 
 
 
 
 
 
2014
 
 
 
 
 
 
 
 
 
 
Fourth Quarter
 
$
0.2850

 
$
6,484

 
$
0.2850

 
$
114

 
$
6,598

Third Quarter
 
0.2850

 
6,457

 
0.2850

 
126

 
6,583

Second Quarter
 
0.2850

 
6,367

 
0.2850

 
152

 
6,519

First Quarter
 
0.2850

 
6,231

 
0.2850

 
158

 
6,389

Total
 
$
1.1400

 
$
25,539

 
$
1.1400

 
$
550

 
$
26,089



44

Taxes
 
We elected to be taxed as a REIT under the Code beginning with our taxable year ended December 31, 1999.  As a REIT, we generally are not subject to federal income tax on income that we distribute to our shareholders.  If we fail to qualify as a REIT in any taxable year, we will be subject to federal income tax on our taxable income at regular corporate rates.  We believe that we are organized and operate in a manner to qualify and be taxed as a REIT, and we intend to operate so as to remain qualified as a REIT for federal income tax purposes.

Environmental Matters

Our properties are subject to environmental laws and regulations adopted by various governmental authorities in the jurisdictions in which our operations are conducted. From our inception, we have incurred no significant environmental costs, accrued liabilities or expenditures to mitigate or eliminate future environmental contamination.

Off-Balance Sheet Arrangements
 
We had no significant off-balance sheet arrangements as of June 30, 2015 and December 31, 2014.

Item 3.  Quantitative and Qualitative Disclosures About Market Risk.

Our future income, cash flows and fair value relevant to our financial instruments depend upon prevailing market interest rates. Market risk refers to the risk of loss from adverse changes in market prices and interest rates. Based upon the nature of our operations, we are not subject to foreign exchange rate or commodity price risk. The principal market risk to which we are exposed is the risk related to interest rate fluctuations. Many factors, including governmental monetary and tax policies, domestic and international economic and political considerations, and other factors that are beyond our control contribute to interest rate risk. Our interest rate risk objective is to limit the impact of interest rate fluctuations on earnings and cash flows and to lower our overall borrowing costs. To achieve this objective, we manage our exposure to fluctuations in market interest rates for our borrowings through the use of fixed rate debt instruments to the extent that reasonably favorable rates are obtainable.

All of our financial instruments were entered into for other than trading purposes.

Fixed Interest Rate Debt

As of June 30, 2015, $223.7 million, or approximately 55% of our outstanding debt, was subject to fixed interest rates, which limit the risk of fluctuating interest rates. Though a change in the market interest rates affects the fair market value of our fixed interest rate debt, it does not impact net income to shareholders or cash flows. Our total outstanding fixed interest rate debt had an average effective interest rate as of June 30, 2015 of approximately 3.78% per annum with scheduled maturities ranging from 2015 to 2024 (see Note 6 (Debt) to the accompanying consolidated financial statements for further detail). Holding other variables constant, a 1% increase or decrease in interest rates would cause an $9.1 million decline or increase, respectively, in the fair value for our fixed rate debt.

Variable Interest Rate Debt

As of June 30, 2015, $179.6 million, or approximately 45% of our outstanding debt, was subject to floating interest rates of LIBOR plus 1.35% to 1.95% and not currently subject to a hedge. The impact of a 1% increase or decrease in interest rates on our non-hedged variable rate debt would result in a decrease or increase of annual net income of approximately $1.8 million, respectively.


45

Item 4.  Controls and Procedures.

Evaluation of Disclosure Controls and Procedures
 
The management of Whitestone REIT, under the supervision and with the participation of our principal executive and financial officers, has evaluated the effectiveness of our disclosure controls and procedures in ensuring that the information required to be disclosed in our filings under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, including ensuring that such information is accumulated and communicated to Whitestone REIT's management, as appropriate, to allow timely decisions regarding required disclosure. Based on such evaluation, our principal executive and financial officers have concluded that such disclosure controls and procedures were effective as of June 30, 2015 (the end of the period covered by this Report).

Changes in Internal Control Over Financial Reporting

During the three months ended June 30, 2015, there were no changes in our internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.


46

PART II. OTHER INFORMATION

Item 1. Legal Proceedings.

We are subject to various legal proceedings and claims that arise in the ordinary course of business.  These matters are generally covered by insurance.  While the resolution of these matters cannot be predicted with certainty, management believes the final outcome of such matters will not have a material adverse effect on our financial position, results of operations or liquidity.

Item 1A. Risk Factors.
 
There have been no material changes from the risk factors disclosed in the “Risk Factors” section of Whitestone's Annual Report on Form 10-K for the year ended December 31, 2014.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

(a)
During the period covered by this Form 10-Q, we did not sell any equity securities that were not registered under the Securities Act of 1933, as amended.

(b)
Not applicable.

(c)
Issuer Purchases of Equity Securities

During the three months ended June 30, 2015, certain of our employees tendered owned common shares to satisfy the tax withholding on the lapse of certain restrictions on restricted common shares issued under the 2008 Plan. The following table summarizes all of these repurchases during the three months ended June 30, 2015.

Period
 
Total Number of Shares Purchased (1)
 
Average Price Paid for Shares
 
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
 
Maximum Number of Shares that May Yet be Purchased Under the Plans or Programs
April 1, 2015 through April 30, 2015
 
31,943

 
$
16.05

 
N/A
 
N/A
May 1, 2015 through May 31, 2015
 
—

 
—

 
N/A
 
N/A
June 1, 2015 through June 30, 2015
 
19,924

 
13.02

 
N/A
 
N/A
      Total
 
51,867

 
$
14.89

 
 
 
 

(1)    The number of shares purchased represents common shares held by employees who tendered owned common shares to satisfy the tax withholding on the lapse of certain restrictions on restricted common shares issued under the 2008 Plan. With respect to these shares, the price paid per share is based on the fair market value at the time of tender.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

None.

47

Item 6. Exhibits.

The exhibits listed on the accompanying Exhibit index are filed, furnished and incorporated by reference (as stated therein) as part of this Report.


48

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


 
 
 
 
 
WHITESTONE REIT
 
 
 
Date:
August 7, 2015
 
 
/s/ James C. Mastandrea 
 
 
 
 
James C. Mastandrea
 
 
 
 
Chief Executive Officer
 
 
 
 
(Principal Executive Officer)
 
Date:
August 7, 2015
 
 
/s/ David K. Holeman
 
 
 
 
David K. Holeman
 
 
 
 
Chief Financial Officer
 
 
 
 
(Principal Financial and Principal Accounting Officer)


49

EXHIBIT INDEX
Exhibit No.
Description
3.1.1
Articles of Amendment and Restatement of Declaration of Trust (previously filed as and incorporated by reference to Exhibit 3.1 to the Registrant's Current Report on Form 8-K, filed on July 31, 2008)
3.1.2
Articles Supplementary (previously filed as and incorporated by reference to Exhibit 3(i).1 to the Registrant's Current Report on Form 8-K, filed on December 6, 2006)
3.1.3
Articles of Amendment (previously filed as and incorporated by reference to Exhibit 3.1 to the Registrant's Current Report on Form 8-K, filed on August 24, 2010)
3.1.4
Articles of Amendment (previously filed as and incorporated by reference to Exhibit 3.2 to the Registrant's Current Report on Form 8-K, filed on August 24, 2010)
3.1.5
Articles Supplementary (previously filed as and incorporated by reference to Exhibit 3.3 to the Registrant's Current Report on Form 8-K, filed on August 24, 2010)
3.1.6
Articles of Amendment (previously filed as and incorporated by reference to Exhibit 3.1.1 to the Registrant's Current Report on Form 8-K, filed on June 27, 2012)
3.1.7
Articles of Amendment (previously filed as and incorporated by reference to Exhibit 3.1.2 to Registrant's Current Report on Form 8-K, filed on June 27, 2012)
3.2
Amended and Restated Bylaws (previously filed as and incorporated by reference to Exhibit 3.1 to the Registrant's Current Report on Form 8-K, filed on October 9, 2008)
10.1*
Form of Restricted Unit Award Agreement (Time Vested)
10.2
Amended and Restated Equity Distribution Agreement, dated June 4, 2015, by and among Whitestone REIT, Whitestone REIT Operating Partnership, L.P., and Wells Fargo Securities, LLC (previously filed as and incorporated by reference to Exhibit 1.1 to the Registrant’s Current Report on form 8-K, filed on June 4, 2015)
10.3
Amended and Restated Equity Distribution Agreement, dated June 4, 2015, by and among Whitestone REIT, Whitestone REIT Operating Partnership, L.P., and JMP Securities LLC (previously filed as and incorporated by reference to Exhibit 1.2 to the Registrant’s Current Report on form 8-K, filed on June 4, 2015)
10.4
Amended and Restated Equity Distribution Agreement, dated June 4, 2015, by and among Whitestone REIT, Whitestone REIT Operating Partnership, L.P., and BMO Capital Markets Corp. (previously filed as and incorporated by reference to Exhibit 1.3 to the Registrant’s Current Report on form 8-K, filed on June 4, 2015)
10.5
Amended and Restated Equity Distribution Agreement, dated June 4, 2015, by and among Whitestone REIT, Whitestone REIT Operating Partnership, L.P., and Wunderlich Securities, Inc. (previously filed as and incorporated by reference to Exhibit 1.4 to the Registrant’s Current Report on form 8-K, filed on June 4, 2015)
10.6
Amended and Restated Equity Distribution Agreement, dated June 4, 2015, by and among Whitestone REIT, Whitestone REIT Operating Partnership, L.P., and Ladenburg Thalmann (previously filed as and incorporated by reference to Exhibit 1.5 to the Registrant’s Current Report on form 8-K, filed on June 4, 2015)
10.7
Amended and Restated Equity Distribution Agreement, dated June 4, 2015, by and among Whitestone REIT, Whitestone REIT Operating Partnership, L.P., and Robert W. Baird & Co. Incorporated (previously filed as and incorporated by reference to Exhibit 1.6 to the Registrant’s Current Report on form 8-K, filed on June 4, 2015)
12.1*
Statement of Calculation of Consolidated Ratio of Earnings to Fixed Charges.
31.1*
Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2*
Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1**
Certificate of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2**
Certificate of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS***
XBRL Instance Document
 
 
101.SCH***
XBRL Taxonomy Extension Schema Document
 
 
101.CAL***
XBRL Taxonomy Extension Calculation Linkbase Document
 
 
101.LAB***
XBRL Taxonomy Extension Label Linkbase Document
 
 
101.PRE***
XBRL Taxonomy Extension Presentation Linkbase Document
 
 
101.DEF***
XBRL Taxonomy Extension Definition Linkbase Document
 ________________________
 
*       Filed herewith.
**     Furnished herewith.
***    The following financial information of the Registrant for the quarter ended June 30, 2015, formatted in XBRL (eXtensible Business Reporting Language): (i) the Consolidated Balance Sheets as of June 30, 2015 (unaudited) and December 31, 2014, (ii) the Consolidated Statements of Operations and Comprehensive Income (Loss) for the three and six months ended June 30, 2015 and 2014 (unaudited), (iii) the Consolidated Statements of Changes in Equity for the six months ended June 30, 2015 (unaudited), (iv) the Consolidated Statement of Cash Flows for the six months ended June 30, 2015 and 2014 (unaudited) and (v) the Notes to the Consolidated Financial Statements (unaudited).
    
Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

EX-10.1 2 exhibit101restrictedunitaw.htm EXHIBIT 10.1 Exhibit 10.1 Restricted Unit Award Agreement (2015-06)


Exhibit 10.1


RESTRICTED UNIT AWARD AGREEMENT
 
THIS RESTRICTED UNIT AWARD AGREEMENT (this “Agreement”) is entered into as of [ ] (the “Effective Date”), by and between Whitestone REIT, a Maryland real estate investment trust (the “Company”), and [ ] (the “Participant”).
 
WHEREAS, the Participant is an employee of the Company or one of its subsidiaries or affiliates and in connection therewith has rendered services and received compensation for those services, for and on behalf of the Company and/or its subsidiaries or affiliates; and 

WHEREAS, the Company has initiated and the shareholders approved the 2008 Long-Term Equity Incentive Ownership Plan as it may be further amended from time to time (the “Plan”), for the purpose of encouraging performance beyond the Participant’s assigned responsibilities and focusing as well on company goals and targets; and

WHEREAS, the Company maintains the Plan, which is incorporated into and forms a part of this Agreement, and the Participant has been selected by the Compensation Committee administering the Plan (the “Committee”) to receive an award under the Plan.

NOW, THEREFORE, IT IS AGREED, by and between the Company and the Participant, as follows:
 
1. Restricted Unit Award. The Participant is hereby granted [ ] Units (the “Units”) subject to the restrictions and on the terms and conditions set forth in this Agreement (the “Award”). Each Unit shall represent the right to receive one (1) common share of beneficial interest, par value $0.001 per share, of the Company (the “Common Shares”). The number of Units subject to this Award and the number of Common Shares deliverable with respect to such Units may be adjusted from time to time for capitalization adjustments as described in Section 4.2 of the Plan.
 
2. Restriction on the Units.
 
(a) Period of Restriction. Except as otherwise set forth herein, all the Units issued to the Participant pursuant to this Agreement shall be subject to a period of restriction (the “Period of Restriction”) during which the Participant’s rights in and to such Units shall be subject to the limitations and obligations set forth in this Section 2.

(b) Lapse of Period of Restriction. The Period of Restriction shall lapse in accordance with the provisions of Exhibit A, which is attached hereto and forms part of this Agreement. During the period that the Units are subject to the Period of Restriction, such Units are referred to herein as “Restricted Units.”

(c) Delivery of the Common Shares. Subject to Section 2(d) below, upon the lapse of the Period of Restriction with respect to a Unit, the Unit shall be converted into the right to receive a Common Share, and the Company will deliver to the Participant a number of Common Shares equal to the number of Units subject to this Award, on the applicable date of the lapse of the Period of Restriction or as soon as practicable thereafter. The form of delivery (e.g., a share certificate or electronic entry evidencing such shares) shall be determined by the Company.


1


(d) Termination of Continuous Employment. Notwithstanding any other provision of this Agreement to the contrary, if the Participant is an employee of the Company or one of its subsidiaries or affiliates, and if the Participant’s continuous employment with the Company terminates for any reason (or no reason), other than the Participant’s death or Disability (as defined in the Plan), any Restricted Units that are subject to the Period of Restriction on the date of the Participant’s termination shall be immediately forfeited by the Participant and shall be automatically transferred to and reacquired by the Company at no cost to the Company, and neither the Participant nor his or her heirs, executors, administrators or successors shall have any right or interest in such Restricted Units or the underlying Common Shares. In the event of the Participant’s death or Disability, any Restricted Units that are subject to the Period of Restriction on the date of death or Disability shall immediately vest and the Participant or his or her heirs, executors, administrators or successors shall have the right and interest in such Restricted Units.

     3. No Rights as a Shareholder. Until Common Shares shall have been delivered to the Participant in accordance with Section 2(c) hereof, subject to the terms of this Agreement and the Plan, shall have no rights of a shareholder with respect to the Restricted Units, including no right to vote the Restricted Units and no right to receive current dividends and distributions, with respect to the Restricted Units.
 
4. Change in Control. Notwithstanding Section 2 of this Agreement, if the Participant holds Restricted Units at the time a Change in Control (as defined in the Plan) occurs, the Period of Restriction with respect to such Restricted Units granted in Section 1 shall automatically lapse immediately prior to the consummation of such Change in Control.

5. Withholding. All deliveries and distributions under this Agreement shall be subject to withholding of all applicable taxes. The Participant agrees to make appropriate arrangements with the Company for satisfaction of any applicable federal, state or local income tax, withholding requirements or like requirements, including the payment to the Company upon the lapse of the Period of Restriction with respect to the Restricted Units (or such later date as may be applicable under the Internal Revenue Code of 1986, as amended (the “Code”)), or other settlement in respect of, the Restricted Units of all such taxes and requirement.. The Participant agrees that the Company shall be authorized to take such action as the Company may deem necessary (including, without limitation, in accordance with applicable law, withholding amounts from any compensation or other amount owing from the Company to the Participant) to satisfy all obligations for the payment of such taxes.
 
6. Restrictions on Transfer. During the Period of Restriction, the Participant shall not sell, transfer, pledge, hypothecate, assign, exchange or otherwise dispose of the Restricted Units. Any attempted sale, transfer, pledge, hypothecation, assignment, exchange or other disposition shall be null and void and of no force or effect and the Company shall have the right to disregard the same on its books and records and to issue “stop transfer” instructions to its transfer agent.
 
7. Plan Provisions Control. This Agreement is subject to the terms and conditions of the Plan, which are incorporated herein by reference. Notwithstanding anything to the contrary contained herein, the provisions of the Plan shall govern if and to the extent that there are inconsistencies between the provisions of the Plan and the provisions of this Agreement. The Participant acknowledges that the Participant has received a copy of the Plan prior to the execution of this Agreement.

8. No Rights Conferred. Nothing in this Agreement shall give the Participant any right to continue in the employ or service of the Company, any affiliate or any subsidiary and/or as a member of the Company’s Board of Trustees or in any other capacity, or interfere in any way with the right of the Company, any affiliate or any subsidiary to terminate the employment or services of the Participant.

2



9.    Consent to Electronic Delivery. The Company may choose to deliver certain statutory materials relating to the Plan in electronic form. By accepting this Agreement, the Participant agrees that the Company may deliver the Plan prospectus and the Company’s annual report to the Participant in an electronic format. If at any time the Participant would prefer to receive paper copies of these documents, please contact Chief Financial Officer of the Company to request paper copies of these documents.

10. Adjustments. All references to the number and class of shares covered by this Agreement and other terms in this Agreement may be appropriately adjusted, in the discretion of the Committee, in the event of certain unusual or non-recurring transactions, as set forth in Section 4.2 of the Plan.
 
11. Compliance with Section 409A of the Code. The Participant hereby consents (without further consideration) to any change to this Agreement or the Award so the Participant can avoid paying penalties under Section 409A of the Code, even if those changes affect the terms and conditions of this Agreement of the Award and reduce its value or potential value.
 
12. Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, executors, administrators, successors and permitted assigns. This Agreement may not be assigned or transferred in whole or in part by the Participant, nor may the Participant delegate any duty or obligation under this Agreement, and any attempt to so assign, transfer or delegate shall be null and void and of no force or effect.
 
13. Interpretation of this Agreement. All determinations and interpretations made by the Committee with regard to any questions arising under the Plan or this Agreement shall be final, binding and conclusive as to all persons, including without limitation the Participant and any person claiming rights from or through the Participant.
 
14. Venue. Each party to this Agreement hereby irrevocably (i) consents and submits to the exclusive jurisdiction of the state and federal courts in Harris County, Texas in connection with any disputes arising out of this Agreement, and (ii) waives any objection based on venue or inconvenient forum with respect to any action instituted therein arising under this Agreement or the transactions contemplated hereby, and agrees that any dispute with respect to such matters shall be heard only in the courts described above.
 
15. Governing Law; Entire Agreement; Amendment. This Agreement shall be governed by and construed in accordance with the laws of the State of Maryland, without regard to such state’s conflict of laws principles. The Plan and this Agreement constitute the entire agreement between the parties with respect to the subject matter hereof and supersede all prior understandings and agreements, written or oral, of the parties hereto with respect to the subject matter hereof. This Agreement may be amended by the Committee, subject to the Participant’s consent if such amendment materially and adversely affects the rights of the Participant, except that the consent of the Participant shall not be required for any amendment made pursuant to Section 4.2 or Section 15.11 of the Plan, or as set forth in Section 11 of this Agreement.
 
16. Tax Elections. THE PARTICIPANT UNDERSTANDS THAT HE OR SHE (AND NOT THE COMPANY) SHALL BE RESPONSIBLE FOR THE PARTICIPANT’S OWN TAX LIABILITY THAT MAY ARISE AS A RESULT OF THE ACQUISITION OF THE UNITS HEREUNDER. THE PARTICIPANT ACKNOWLEDGES AND AGREES THAT HE OR SHE HAS CONSIDERED THE ADVISABILITY OF ALL TAX ELECTIONS IN CONNECTION WITH THE ISSUANCE OF THE UNITS.
 

3


17. Notices. Any notice, demand or request required or permitted to be given under this Agreement shall be in writing and shall be deemed given (i) when delivered personally, or (ii) three days after being deposited in the United States mail, by certified or registered mail, postage prepaid, or (iii) the next business day after sent by nationally recognized overnight delivery service, and addressed, if to the Company, at its principal place of business, Attention: Chief Financial Officer, and if to the Participant, at his or her most recent address as shown in the employment or stock records of the Company.
 
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first written above.



WHITESTONE REIT


By:                        
Name:                         
Title:                        


Participant:                    

Date:    [ ]

4



Exhibit A
 
Lapse of Period of Restriction

The purpose of this Exhibit A is to set forth the date of lapse of the Period of Restriction under the terms of the attached Restricted Unit Award Agreement (the “Agreement”). This Exhibit A is incorporated into and forms a part of the Agreement.

The Period of Restriction will lapse as follows:

(a)
1/7th of these Units will vest on [______].
(b)
1/7th of these Units will vest on [______].
(c)
1/7th of these Units will vest on [______].
(d)
1/7th of these Units will vest on [______].
(e)
1/7th of these Units will vest on [______].
(f)
1/7th of these Units will vest on [______].
(g)
1/7th of these Units will vest on [______].
    
    













5
 EX-12.1 3 exhibit121computationofrat.htm EXHIBIT 12.1 Exhibit 12.1 Computation of Ratio of Earnings to Fixed Charges (2015-06)


Exhibit 12.1

Whitestone REIT
Calculation of Consolidated Ratio of Earnings to Fixed Charges
(dollars in thousands)

 
Six Months
 
 
 
 
 
 
Ended June 30,
 
Year Ended December 31,
 
2015
 
2014
2013
2012
2011
Earnings
 
 
 
 
 
 
Income (loss) from continuing operations
$
3,222

 
$
5,349

$
3,621

$
(165
)
$
496

Plus: Taxes
174

 
282

293

275

214

Plus: Fixed charges
7,039

 
10,672

10,089

9,084

6,224

   Total earnings
$
10,435

 
$
16,303

$
14,003

$
9,194

$
6,934

 
 
 
 
 
 
 
Fixed charges
 
 
 
 
 
 
Interest expense
$
6,380

 
$
9,680

$
8,929

$
7,482

$
5,608

Plus: Capitalized Interest
58

 
93

114

176

—

Plus: Amortization of deferred financing costs
601

 
899

1,046

1,426

616

   Total fixed charges
$
7,039

 
$
10,672

$
10,089

$
9,084

$
6,224

 
 
 
 
 
 
 
Ratio of earnings to fixed charges
1.48

 
1.53

1.39

1.01

1.11




 EX-31.1 4 exhibit311certificationofc.htm EXHIBIT 31.1 Exhibit 31.1 Certification of Chief Executive Officer (2015-06)


Exhibit 31.1
CERTIFICATION OF CHIEF EXECUTIVE OFFICER

I, James C. Mastandrea, certify that:
1.
I have reviewed this quarterly report on Form 10-Q, for the period ended June 30, 2015, of Whitestone REIT;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.
The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
(a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
(b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: August 7, 2015

/s/ James C. Mastandrea    
James C. Mastandrea
Chairman and Chief Executive Officer



 EX-31.2 5 exhibit312certificationofc.htm EXHIBIT 31.2 Exhibit 31.2 Certification of Chief Financial Officer (2015-06)


Exhibit 31.2
CERTIFICATION OF CHIEF FINANCIAL OFFICER

I, David K. Holeman, certify that:
1.
I have reviewed this quarterly report on Form 10-Q, for the period ended June 30, 2015, of Whitestone REIT;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.
The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
(a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
(b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.


Date: August 7, 2015

/s/ David K. Holeman    
David K. Holeman
Chief Financial Officer



 EX-32.1 6 exhibit321certificationofc.htm EXHIBIT 32.1 Exhibit 32.1 Certification of Chief Executive Officer (2015-06)


Exhibit 32.1
CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the quarterly report of Whitestone REIT, a Maryland real estate investment trust (the “Company”) on Form 10-Q for the period ended June 30, 2015, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, James C. Mastandrea, Chief Executive Officer of the Company, certify pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:
 
(1)
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
 
(2)
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.


/s/ James C. Mastandrea
James C. Mastandrea
Chairman and Chief Executive Officer

Date: August 7, 2015




EX-32.2 7 exhibit322certificationofc.htm EXHIBIT 32.2 Exhibit 32.2 Certification of Chief Financial Officer (2015-06)



Exhibit 32.2
CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the quarterly report of Whitestone REIT, a Maryland real estate investment trust (the “Company”) on Form 10-Q for the period ended June 30, 2015, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, David K. Holeman, Chief Financial Officer of the Company, certify pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:
 
(1)
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
 
(2)
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.



/s/ David K. Holeman
David K. Holeman
Chief Financial Officer

Date: August 7, 2015





EX-101.INS 8 wsr-20150630.xml XBRL INSTANCE DOCUMENT 0001175535 2015-01-01 2015-06-30 0001175535 2015-08-05 0001175535 2015-06-30 0001175535 2014-12-31 0001175535 2015-04-01 2015-06-30 0001175535 2014-01-01 2014-06-30 0001175535 2014-04-01 2014-06-30 0001175535 us-gaap:CommonStockMember 2015-06-30 0001175535 us-gaap:AdditionalPaidInCapitalMember 2015-01-01 2015-06-30 0001175535 us-gaap:CommonStockMember 2014-12-31 0001175535 us-gaap:ParentMember 2015-01-01 2015-06-30 0001175535 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2015-06-30 0001175535 us-gaap:NoncontrollingInterestMember 2015-01-01 2015-06-30 0001175535 us-gaap:CommonStockMember 2015-01-01 2015-06-30 0001175535 us-gaap:NoncontrollingInterestMember 2015-06-30 0001175535 us-gaap:ParentMember 2015-06-30 0001175535 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-01-01 2015-06-30 0001175535 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-06-30 0001175535 us-gaap:NoncontrollingInterestMember 2014-12-31 0001175535 us-gaap:AdditionalPaidInCapitalMember 2014-12-31 0001175535 us-gaap:AdditionalPaidInCapitalMember 2015-06-30 0001175535 us-gaap:ParentMember 2014-12-31 0001175535 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2014-12-31 0001175535 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2015-01-01 2015-06-30 0001175535 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2014-12-31 0001175535 2013-12-31 0001175535 2014-06-30 0001175535 us-gaap:WhollyOwnedPropertiesMember 2015-06-30 0001175535 2004-07-01 2004-07-31 0001175535 us-gaap:WhollyOwnedPropertiesMember 2014-12-31 0001175535 wsr:RealEstateCommonStockMember 2015-06-30 0001175535 wsr:RealEstateCommonStockMember 2014-12-31 0001175535 wsr:FivePointEightSevenPercentNoteDue2016Member wsr:FixedRateNotesMember 2015-06-30 0001175535 wsr:FourPointThreeFourPercentNoteDueSeptember20241Member wsr:FixedRateNotesMember 2014-12-31 0001175535 wsr:PrimeRateLessTwoPointZeroZeroPercentDue2017Member wsr:FixedRateNotesMember us-gaap:PrimeRateMember 2014-12-31 0001175535 wsr:LIBORPlusOnePointFourZeroPercenttoOnePointNineFivePercentUnsecuredLineofCreditDue2018Member wsr:FloatingRateNotesMember us-gaap:LondonInterbankOfferedRateLIBORMember 2014-12-31 0001175535 wsr:FourPointThreeFourPercentNoteDueSeptember20242Member wsr:FixedRateNotesMember 2014-12-31 0001175535 wsr:ZeroPointEightFourPercentPlusOnePointThreeFivePercenttoOnePointNineZeroPercentNoteDue2017Member wsr:FixedRateNotesMember 2015-06-30 0001175535 wsr:ThreePointEightZeroPercentNoteDue2019Member wsr:FixedRateNotesMember 2014-12-31 0001175535 wsr:ThreePointSevenSixPercentNoteDue2020Member wsr:FixedRateNotesMember 2015-06-30 0001175535 wsr:ThreePointEightZeroPercentNoteDue2019Member wsr:FixedRateNotesMember 2015-06-30 0001175535 wsr:LIBORPlusOnePointFourZeroPercenttoOnePointNineFivePercentUnsecuredLineofCreditDue2018Member wsr:FloatingRateNotesMember us-gaap:LondonInterbankOfferedRateLIBORMember 2015-06-30 0001175535 wsr:FourPointNineSevenPercentNoteDue2023Member wsr:FixedRateNotesMember 2015-06-30 0001175535 wsr:FivePointFourSixPercentNoteDue2023Member wsr:FixedRateNotesMember 2015-06-30 0001175535 wsr:FourPointThreeFourPercentNoteDueSeptember20241Member wsr:FixedRateNotesMember 2015-06-30 0001175535 wsr:LIBORPlusTwoPointZeroZeroPercentNoteDue2018Member wsr:FixedRateNotesMember us-gaap:LondonInterbankOfferedRateLIBORMember 2015-06-30 0001175535 wsr:TwoPointNineSevenPercentNotesDue2015Member wsr:FixedRateNotesMember 2015-06-30 0001175535 wsr:FourPointNineNinePercentNoteDue2024Member wsr:FixedRateNotesMember 2014-12-31 0001175535 wsr:LIBORPlusOnePointThreeFivePercenttoOnePointNineZeroPercentNoteDue2019Member wsr:FloatingRateNotesMember us-gaap:LondonInterbankOfferedRateLIBORMember 2015-06-30 0001175535 wsr:LIBORPlusTwoPointZeroZeroPercentNoteDue2018Member wsr:FixedRateNotesMember us-gaap:LondonInterbankOfferedRateLIBORMember 2014-12-31 0001175535 wsr:FourPointOneFivePercentNoteDue2024Member wsr:FixedRateNotesMember 2014-12-31 0001175535 wsr:PrimeRateLessTwoPointZeroZeroPercentDue2017Member wsr:FixedRateNotesMember us-gaap:PrimeRateMember 2015-06-30 0001175535 wsr:FivePointFourSixPercentNoteDue2023Member wsr:FixedRateNotesMember 2014-12-31 0001175535 wsr:LIBORPlusOnePointThreeFivePercenttoOnePointNineZeroPercentNoteDue2019Member wsr:FloatingRateNotesMember us-gaap:LondonInterbankOfferedRateLIBORMember 2014-12-31 0001175535 wsr:FourPointNineNinePercentNoteDue2024Member wsr:FixedRateNotesMember 2015-06-30 0001175535 wsr:FourPointTwoEightPercentNoteDue2023Member wsr:FixedRateNotesMember 2015-06-30 0001175535 wsr:FourPointOneFivePercentNoteDue2024Member wsr:FixedRateNotesMember 2015-06-30 0001175535 wsr:FivePointEightSevenPercentNoteDue2016Member wsr:FixedRateNotesMember 2014-12-31 0001175535 wsr:ThreePointSevenSixPercentNoteDue2020Member wsr:FixedRateNotesMember 2014-12-31 0001175535 wsr:FourPointNineSevenPercentNoteDue2023Member wsr:FixedRateNotesMember 2014-12-31 0001175535 wsr:TwoPointNineSevenPercentNotesDue2015Member wsr:FixedRateNotesMember 2014-12-31 0001175535 wsr:FourPointTwoEightPercentNoteDue2023Member wsr:FixedRateNotesMember 2014-12-31 0001175535 wsr:FourPointThreeFourPercentNoteDueSeptember20242Member wsr:FixedRateNotesMember 2015-06-30 0001175535 wsr:ZeroPointEightFourPercentPlusOnePointThreeFivePercenttoOnePointNineZeroPercentNoteDue2017Member wsr:FixedRateNotesMember 2014-12-31 0001175535 us-gaap:RevolvingCreditFacilityMember 2014-11-07 0001175535 wsr:StarwoodNoteMember 2014-08-26 0001175535 wsr:VillageSquareatDanaParkNoteMember 2014-12-24 0001175535 wsr:PrimeRateLessTwoPointZeroZeroPercentDue2017Member wsr:FixedRateNotesMember 2012-08-08 0001175535 wsr:PecosNoteMember 2014-09-03 0001175535 wsr:HeadquartersNoteMember 2014-11-26 0001175535 wsr:TermLoanMember 2014-11-07 0001175535 wsr:TermLoanMember us-gaap:MinimumMember us-gaap:LondonInterbankOfferedRateLIBORMember 2014-11-07 2014-11-07 0001175535 wsr:ZeroPointEightFourPercentPlusOnePointThreeFivePercenttoOnePointNineZeroPercentNoteDue2017Member wsr:TermLoanMember 2015-06-30 0001175535 wsr:LiborPlusOnePointSevenFivePercentToTwoPointFiveZeroPercentUnsecuredLineOfCreditDue2017MemberMember us-gaap:RevolvingCreditFacilityMember 2015-06-30 0001175535 wsr:ZeroPointEightFourPercentPlusOnePointThreeFivePercenttoOnePointNineZeroPercentNoteDue2017Member us-gaap:InterestRateSwapMember 2015-06-30 0001175535 wsr:LiborPlusOnePointSevenFivePercentToTwoPointFiveZeroPercentUnsecuredLineOfCreditDue2017MemberMember wsr:FloatingRateNotesMember 2015-06-30 0001175535 wsr:LIBORPlusTwoPointZeroZeroPercentNoteDue2018Member us-gaap:InterestRateSwapMember 2015-06-30 0001175535 wsr:PrimeRateLessTwoPointZeroZeroPercentDue2017Member us-gaap:InterestRateSwapMember 2015-06-30 0001175535 us-gaap:RevolvingCreditFacilityMember us-gaap:LondonInterbankOfferedRateLIBORMember 2014-11-07 2014-11-07 0001175535 us-gaap:RevolvingCreditFacilityMember us-gaap:MinimumMember us-gaap:LondonInterbankOfferedRateLIBORMember 2014-11-07 2014-11-07 0001175535 us-gaap:RevolvingCreditFacilityMember us-gaap:MaximumMember us-gaap:LondonInterbankOfferedRateLIBORMember 2014-11-07 2014-11-07 0001175535 wsr:TermLoanMember us-gaap:MaximumMember us-gaap:LondonInterbankOfferedRateLIBORMember 2014-11-07 2014-11-07 0001175535 wsr:ExistingTermLoanMember 2014-11-07 0001175535 wsr:LIBORPlusOnePointFourZeroPercenttoOnePointNineFivePercentUnsecuredLineofCreditDue2018Member wsr:FloatingRateNotesMember us-gaap:MinimumMember us-gaap:LondonInterbankOfferedRateLIBORMember 2014-01-01 2014-06-30 0001175535 wsr:LIBORPlusOnePointThreeFivePercenttoOnePointNineZeroPercentNoteDue2019Member wsr:FloatingRateNotesMember us-gaap:MinimumMember us-gaap:LondonInterbankOfferedRateLIBORMember 2014-01-01 2014-06-30 0001175535 wsr:LIBORPlusTwoPointZeroZeroPercentNoteDue2018Member wsr:FixedRateNotesMember us-gaap:LondonInterbankOfferedRateLIBORMember 2015-01-01 2015-06-30 0001175535 wsr:LIBORPlusOnePointFourZeroPercenttoOnePointNineFivePercentUnsecuredLineofCreditDue2018Member wsr:FloatingRateNotesMember us-gaap:MinimumMember us-gaap:LondonInterbankOfferedRateLIBORMember 2015-01-01 2015-06-30 0001175535 wsr:LIBORPlusOnePointThreeFivePercenttoOnePointNineZeroPercentNoteDue2019Member wsr:FloatingRateNotesMember 2015-06-30 0001175535 wsr:LIBORPlusOnePointFourZeroPercenttoOnePointNineFivePercentUnsecuredLineofCreditDue2018Member wsr:FloatingRateNotesMember us-gaap:MaximumMember us-gaap:LondonInterbankOfferedRateLIBORMember 2014-01-01 2014-06-30 0001175535 wsr:LIBORPlusOnePointThreeFivePercenttoOnePointNineZeroPercentNoteDue2019Member wsr:FloatingRateNotesMember us-gaap:MaximumMember us-gaap:LondonInterbankOfferedRateLIBORMember 2014-01-01 2014-06-30 0001175535 wsr:ZeroPointEightFourPercentPlusOnePointThreeFivePercenttoOnePointNineZeroPercentNoteDue2017Member wsr:FixedRateNotesMember us-gaap:MaximumMember 2015-01-01 2015-06-30 0001175535 wsr:LIBORPlusOnePointThreeFivePercenttoOnePointNineZeroPercentNoteDue2019Member wsr:FloatingRateNotesMember us-gaap:MaximumMember us-gaap:LondonInterbankOfferedRateLIBORMember 2015-01-01 2015-06-30 0001175535 wsr:LIBORPlusOnePointThreeFivePercenttoOnePointNineZeroPercentNoteDue2019Member wsr:FloatingRateNotesMember us-gaap:MinimumMember us-gaap:LondonInterbankOfferedRateLIBORMember 2015-01-01 2015-06-30 0001175535 wsr:LIBORPlusTwoPointZeroZeroPercentNoteDue2018Member wsr:FixedRateNotesMember us-gaap:LondonInterbankOfferedRateLIBORMember 2014-01-01 2014-06-30 0001175535 wsr:LIBORPlusOnePointFourZeroPercenttoOnePointNineFivePercentUnsecuredLineofCreditDue2018Member wsr:FloatingRateNotesMember us-gaap:MaximumMember us-gaap:LondonInterbankOfferedRateLIBORMember 2015-01-01 2015-06-30 0001175535 wsr:PrimeRateLessTwoPointZeroZeroPercentDue2017Member wsr:FixedRateNotesMember us-gaap:PrimeRateMember 2015-01-01 2015-06-30 0001175535 wsr:ZeroPointEightFourPercentPlusOnePointThreeFivePercenttoOnePointNineZeroPercentNoteDue2017Member wsr:FixedRateNotesMember us-gaap:MinimumMember 2014-01-01 2014-06-30 0001175535 wsr:ZeroPointEightFourPercentPlusOnePointThreeFivePercenttoOnePointNineZeroPercentNoteDue2017Member wsr:FixedRateNotesMember us-gaap:MinimumMember 2015-01-01 2015-06-30 0001175535 wsr:PrimeRateLessTwoPointZeroZeroPercentDue2017Member wsr:FixedRateNotesMember us-gaap:PrimeRateMember 2014-01-01 2014-06-30 0001175535 wsr:ZeroPointEightFourPercentPlusOnePointThreeFivePercenttoOnePointNineZeroPercentNoteDue2017Member wsr:FixedRateNotesMember us-gaap:MaximumMember 2014-01-01 2014-06-30 0001175535 wsr:LIBORPlusOnePointThreeFivePercenttoOnePointNineZeroPercentNoteDue2019Member wsr:FloatingRateNotesMember 2014-12-31 0001175535 us-gaap:SwapMember us-gaap:InterestExpenseMember 2014-01-01 2014-06-30 0001175535 us-gaap:SwapMember us-gaap:InterestExpenseMember 2014-04-01 2014-06-30 0001175535 us-gaap:SwapMember us-gaap:InterestExpenseMember 2015-01-01 2015-06-30 0001175535 us-gaap:SwapMember us-gaap:InterestExpenseMember 2015-04-01 2015-06-30 0001175535 wsr:AccountsPayableandAccruedExpensesMember us-gaap:SwapMember 2014-12-31 0001175535 wsr:AccountsPayableandAccruedExpensesMember us-gaap:SwapMember 2015-06-30 0001175535 wsr:OpUnitsMember 2014-04-01 2014-06-30 0001175535 us-gaap:RestrictedStockMember 2014-04-01 2014-06-30 0001175535 wsr:OpUnitsMember 2014-01-01 2014-06-30 0001175535 wsr:OpUnitsMember 2015-04-01 2015-06-30 0001175535 us-gaap:RestrictedStockMember 2015-04-01 2015-06-30 0001175535 wsr:OpUnitsMember 2015-01-01 2015-06-30 0001175535 stpr:TX 2015-01-01 2015-06-30 0001175535 stpr:TX 2015-04-01 2015-06-30 0001175535 stpr:TX 2014-01-01 2014-06-30 0001175535 stpr:TX 2014-04-01 2014-06-30 0001175535 us-gaap:CommonStockMember wsr:ATMProgramMember 2014-01-01 2014-06-30 0001175535 wsr:OpUnitsMember 2014-12-31 0001175535 2015-06-26 0001175535 2013-06-19 0001175535 2015-06-04 0001175535 us-gaap:PreferredStockMember 2015-06-30 0001175535 wsr:OpUnitsMember 2015-04-01 2015-06-30 0001175535 wsr:OpUnitsMember 2014-04-01 2014-06-30 0001175535 wsr:OpUnitsMember 2015-06-30 0001175535 wsr:OpUnitsMember 2014-01-01 2014-06-30 0001175535 wsr:OpUnitsMember 2015-01-01 2015-06-30 0001175535 2015-06-26 2015-06-26 0001175535 us-gaap:CashDistributionMember us-gaap:CommonStockMember 2014-01-01 2014-12-31 0001175535 us-gaap:CashDistributionMember 2014-01-01 2014-12-31 0001175535 us-gaap:CashDistributionMember us-gaap:CommonStockMember 2014-04-01 2014-06-30 0001175535 us-gaap:CashDistributionMember wsr:OpUnitsMember 2014-01-01 2014-03-31 0001175535 us-gaap:CashDistributionMember wsr:OpUnitsMember 2014-07-01 2014-09-30 0001175535 us-gaap:CashDistributionMember 2015-01-01 2015-03-31 0001175535 us-gaap:CashDistributionMember wsr:OpUnitsMember 2014-04-01 2014-06-30 0001175535 us-gaap:CashDistributionMember us-gaap:CommonStockMember 2014-07-01 2014-09-30 0001175535 us-gaap:CashDistributionMember us-gaap:CommonStockMember 2015-01-01 2015-03-31 0001175535 us-gaap:CashDistributionMember us-gaap:CommonStockMember 2015-04-01 2015-06-30 0001175535 us-gaap:CashDistributionMember wsr:OpUnitsMember 2014-01-01 2014-12-31 0001175535 us-gaap:CashDistributionMember wsr:OpUnitsMember 2015-01-01 2015-03-31 0001175535 us-gaap:CashDistributionMember us-gaap:CommonStockMember 2014-10-01 2014-12-31 0001175535 us-gaap:CashDistributionMember 2014-04-01 2014-06-30 0001175535 us-gaap:CashDistributionMember 2014-10-01 2014-12-31 0001175535 us-gaap:CashDistributionMember wsr:OpUnitsMember 2015-04-01 2015-06-30 0001175535 us-gaap:CashDistributionMember 2014-07-01 2014-09-30 0001175535 us-gaap:CashDistributionMember us-gaap:CommonStockMember 2014-01-01 2014-03-31 0001175535 us-gaap:CashDistributionMember 2015-04-01 2015-06-30 0001175535 us-gaap:CashDistributionMember wsr:OpUnitsMember 2015-01-01 2015-06-30 0001175535 us-gaap:CashDistributionMember wsr:OpUnitsMember 2014-10-01 2014-12-31 0001175535 us-gaap:CashDistributionMember us-gaap:CommonStockMember 2015-01-01 2015-06-30 0001175535 us-gaap:CashDistributionMember 2014-01-01 2014-03-31 0001175535 us-gaap:CashDistributionMember 2015-01-01 2015-06-30 0001175535 wsr:NonVestedTimeBasedSharesMember wsr:LongTermEquityIncentiveOwnershipPlan2008Member 2015-06-30 0001175535 us-gaap:MaximumMember wsr:TimeBasedVestingMember 2014-04-01 2014-04-02 0001175535 us-gaap:MinimumMember wsr:TimeBasedVestingMember 2014-04-01 2014-04-02 0001175535 wsr:NonCashShareBasedCompensationSubsequentto2014Member 2015-06-30 0001175535 wsr:RestrictedCommonSharesandRestrictedShareUnitsMember wsr:TimeBasedVestingMember 2015-06-30 2015-06-30 0001175535 us-gaap:PerformanceSharesMember wsr:LongTermEquityIncentiveOwnershipPlan2008Member 2015-01-01 2015-06-30 0001175535 wsr:LongTermEquityIncentiveOwnershipPlan2008Member 2010-12-22 0001175535 wsr:NonCashShareBasedCompensationin2014Member 2015-06-30 0001175535 wsr:RestrictedCommonSharesandRestrictedShareUnitsMember wsr:TimeandPerformanceBasedVestingMember 2014-04-01 2014-04-02 0001175535 us-gaap:PerformanceSharesMember wsr:LongTermEquityIncentiveOwnershipPlan2008Member 2015-06-30 0001175535 wsr:RestrictedCommonSharesandRestrictedShareUnitsMember wsr:PerformanceVestingMember 2014-04-01 2014-04-02 0001175535 wsr:RestrictedCommonSharesandRestrictedShareUnitsMember wsr:LongTermEquityIncentiveOwnershipPlan2008Member 2015-06-30 0001175535 wsr:RestrictedCommonSharesandRestrictedShareUnitsMember wsr:TimeandPerformanceBasedVestingMember 2014-04-02 0001175535 wsr:NonVestedTimeBasedSharesMember wsr:LongTermEquityIncentiveOwnershipPlan2008Member 2015-01-01 2015-06-30 0001175535 wsr:NonCashShareBasedCompensationSubsequentto2014Member 2015-01-01 2015-06-30 0001175535 wsr:LongTermEquityIncentiveOwnershipPlan2008Member 2015-06-30 0001175535 wsr:LongTermEquityIncentiveOwnershipPlan2008Member 2014-12-31 0001175535 wsr:LongTermEquityIncentiveOwnershipPlan2008Member 2015-01-01 2015-06-30 0001175535 wsr:LongTermEquityIncentiveOwnershipPlan2008Member 2014-01-01 2014-12-31 0001175535 wsr:LongTermEquityIncentiveOwnershipPlan2008Member 2012-01-01 2012-12-31 0001175535 wsr:LongTermEquityIncentiveOwnershipPlan2008Member 2013-01-01 2013-12-31 0001175535 wsr:LongTermEquityIncentiveOwnershipPlan2008Member 2011-01-01 2011-12-31 0001175535 wsr:IndividualTrusteeGrantAgreementsMember us-gaap:CommonStockMember 2014-10-24 2014-10-24 0001175535 wsr:IndividualTrusteeGrantAgreementsMember 2014-12-09 0001175535 wsr:IndividualTrusteeGrantAgreementsMember 2014-10-24 0001175535 wsr:IndividualTrusteeGrantAgreementsMember us-gaap:CommonStockMember 2014-12-09 2014-12-09 0001175535 wsr:ZetaRoyalCrestandFeatherwoodMember 2015-01-01 2015-06-30 0001175535 wsr:ZetaRoyalCrestandFeatherwoodMember 2014-01-01 2014-06-30 0001175535 wsr:ZetaRoyalCrestandFeatherwoodMember 2014-04-01 2014-06-30 0001175535 wsr:ZetaRoyalCrestandFeatherwoodMember 2015-04-01 2015-06-30 0001175535 wsr:FultonRanchTowneCenterAdjacentParcelMember 2014-12-19 0001175535 wsr:VillageSquareatDanaParkHardCornerMember 2014-12-24 0001175535 wsr:ThePromenadeatFultonRanchMember 2014-11-05 0001175535 wsr:WilliamsTracePlazaMember 2014-12-24 2014-12-24 0001175535 wsr:CityViewVillageMember 2015-03-31 0001175535 wsr:ThePromenadeatFultonRanchMember 2014-11-05 2014-11-05 0001175535 wsr:VillageSquareatDanaParkHardCornerMember 2014-12-24 2014-12-24 0001175535 wsr:ZetaRoyalCrestandFeatherwoodMember 2011-07-21 2011-07-22 0001175535 wsr:FultonRanchTowneCenterMember 2014-11-05 2014-11-05 0001175535 wsr:HeritageTracePlazaMember 2014-07-01 0001175535 wsr:FultonRanchTowneCenterMember 2014-11-05 0001175535 wsr:FultonRanchTowneCenterAdjacentParcelMember 2014-12-19 2014-12-19 0001175535 wsr:CityViewVillageMember 2015-03-31 2015-03-31 0001175535 wsr:HeritageTracePlazaMember 2014-07-01 2014-07-01 0001175535 wsr:WilliamsTracePlazaMember 2014-12-24 0001175535 wsr:TheStrandatHuebnerOaksMember 2014-09-19 0001175535 wsr:TheStrandatHuebnerOaksMember 2014-09-19 2014-09-19 0001175535 wsr:DavenportVillageMember 2015-05-27 0001175535 wsr:ZetaRoyalCrestandFeatherwoodMember 2015-06-30 0001175535 wsr:TheShopsatWilliamsTraceMember 2014-12-24 0001175535 wsr:TheShopsatWilliamsTraceMember 2014-12-24 2014-12-24 0001175535 wsr:ZetaRoyalCrestandFeatherwoodMember 2014-12-31 2014-12-31 0001175535 wsr:DavenportVillageMember 2015-05-27 2015-05-27 0001175535 us-gaap:SubsequentEventMember wsr:ParksideVillageSouthMember 2015-07-02 0001175535 us-gaap:SubsequentEventMember wsr:ParksideVillageNorthMember 2015-07-02 0001175535 us-gaap:SubsequentEventMember wsr:ParksideVillageSouthMember 2015-07-02 2015-07-02 0001175535 us-gaap:SubsequentEventMember wsr:ParksideVillageNorthMember 2015-07-02 2015-07-02 iso4217:USD xbrli:shares iso4217:USD wsr:agreement xbrli:shares wsr:CollateralizedProperties xbrli:pure wsr:employee wsr:CommercialProperties wsr:trustee utreg:acre utreg:sqft false --12-31 Q2 2015 2015-06-30 10-Q 0001175535 26977682 Accelerated Filer Whitestone REIT 15882000 15940000 11834000 12830000 469000 1070000 93938000 105140000 -91000 -461000 304078000 356517000 1234000 25000 1607000 1669000 9000 3343000 4964000 5493000 153000 149000 405000 601000 506513 530961 390323 391455 1.39 634297000 685603000 124000 232000 973000 973000 422000 422000 0 0 0 0 133000 133000 232000 232000 1106000 1106000 654000 654000 -98000 -96000 -2000 -96000 44000 6491000 5042000 4236000 6251000 -1449000 2015000 -2905000 0 -143000 0 250000 -41000 0 0 0.2850 0.5700 0.2850 0.5700 0.001 0.001 0.001 400000000 400000000 22835695 26978270 3750000 22835695 22836000 26978270 26978000 23000 27000 1020000 3438000 1440000 2760000 23000 82000 24000 47000 1043000 3520000 1464000 2807000 84431 95834 802 8584 4013000 7537000 4339000 8422000 0.0195 0.014 0.01 0.019 0.0135 0.0195 0.0140 0.019 0.0135 0.02 0.02 0.025 0.0175 0.0195 0.0140 0.0190 0.0135 0.02 0.02 0.025 0.0175 11100000 2600000 15100000 16500000 19000000 14000000 14300000 20200000 50000000 10500000 9200000 6500000 37000000 50000000 11100000 2600000 15100000 16500000 19000000 14000000 14300000 20200000 50000000 10500000 9200000 6500000 37000000 50000000 50000000 14300000 14000000 2600000 2600000 19000000 50000000 50000000 0.0587 0.0546 0.0499 0.0497 0.0415 0.0434 0.0434 0.0428 0.0380 0.0376 0.0587 0.0546 0.0499 0.0497 0.0415 0.0434 0.0434 0.0428 0.0355 0.0572 0.0380 0.0376 0.0084 0.0434 0.0434 0.0546 0.0415 1300000 2373000 2521000 5936000 6121000 5785000 5821000 2500000 4092000 4864000 7663000 9239000 -192000 -382000 -203000 -410000 -259000 -297000 43000 -276000 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 2000 5000 -2000 -2000 175000 344000 36000 44000 74000 153000 0 0 15000 58000 0 0 412000 824000 0 1000 6389000 6231000 158000 6519000 6367000 152000 6583000 6457000 126000 6598000 6484000 114000 26089000 25539000 550000 6639000 6526000 113000 6712000 6601000 111000 13351000 13127000 224000 0.2850 0.2850 0.2850 0.2850 0.2850 0.2850 0.2850 0.2850 1.1400 1.1400 0.2850 0.2850 0.2850 0.2850 0.5700 0.5700 6627000 7800000 78000 172000 0.05 0.16 0.06 0.13 0.05 0.16 0.06 0.12 11500000 12800000 6900000 4800000 P31M P21M 4400000 -111000 -100000 1900000 -24000 -111000 5000 -100000 3582000 6539000 4998000 9483000 22528207 26857448 1134000 3446000 1593000 3222000 24000 81000 26000 54000 1134000 3446000 1593000 3222000 0.05 0.15 0.06 0.13 0.05 0.15 0.06 0.12 146000 146000 266000 266000 -33000 -33000 -41000 -41000 3000 6000 0 -1000 143000 260000 -33000 -40000 55000 136000 91000 174000 238000 315000 1357000 1767000 -739000 -235000 324000 772000 -345000 -323000 219000 267000 208000 162000 532000 590000 26000 51000 32000 58000 2434000 4763000 3516000 6924000 4447000 6409000 1016000 1116000 19000 40000 162000 171000 420974000 431666000 634297000 685603000 0.986 229600000 400000000 270400000 128472000 1549000 58049000 141736000 60212000 13269000 0 44000 3251000 2994000 14552000 14330000 222000 14330000 -5785000 43766000 -4847000 -56313000 11981000 14603000 1253000 3625000 1534000 3128000 27000 87000 26000 53000 17870 70431 73920 132991 12047 129222 113281.0 98792 128934 27045 90101 394093000 11607000 2583000 15060000 16450000 19000000 14000000 14300000 20200000 120100000 50000000 10460000 7888000 6355000 36090000 0 50000000 403287000 11457000 2568000 15060000 16450000 19000000 14000000 14300000 20200000 129600000 50000000 10340000 7887000 6273000 35623000 529000 50000000 63 65 6218000 12019000 7264000 14251000 13443000 27057000 17176000 33641000 105000 -98000 -276000 -271000 -5000 -271000 -259000 -297000 43000 -276000 22000 105000 -139000 -98000 3834000 7663000 4675000 9239000 24000 772000 12598000 13127000 310000 224000 6000 100000 0 20100000 18000000 900000 20200000 2100000 20400000 29300000 18600000 6300000 45500000 12500000 32500000 0 51800000 4847000 5009000 0.001 0.001 0.001 50000000 50000000 50000000 0 0 0 0 0 0 2215000 2858000 49700000 5267000 49725000 5300000 3000000 9500000 0 0 496000 496000 10300000 1280000 3712000 1560000 3181000 3128000 53000 3128000 1052000 771000 71587000 80138000 673655000 730165000 17262000 34637000 21970000 43222000 2205000 4482000 2925000 5829000 1114000 1336000 173200000 4372000 4639000 1564000 3359000 P2Y P1Y P45M 2314 7500 14.69 14.53 1500 2049116 633704 143000 970051 71995 0 99700 328005 2058930 267280 0.00 13.03 15.43 14.40 13.65 2411068 2413509 13.3386 0 223000 224000 1721000 2791000 50000 47000 8000 8000 3000 377983 3750000 433000 0 -3000 84000 0 -81000 81000 49725000 49721000 4000 49725000 3359000 3359000 3359000 52000 772000 772000 772000 210072000 250943000 213323000 -93938000 -91000 304078000 23000 3251000 210072000 253937000 -105140000 -461000 356517000 27000 2994000 250943000 22926599 398000 27247256 390000 22443000 22192000 23401000 23314000 22235000 22030000 22869000 22724000 8800000 9156000 0.01 215700000 1 1 0.0084 0.0084 0.0413 0 2000 1000 0 2560000 48000 54000 73000 163000 270000 888000 1057000 50000000 50000000 1213000 3693000 1679000 3496000 557000 610000 700000000 42000 109000 106000 188000 1199000 3552000 1371000 2858000 1056000 3292000 1404000 2898000 870000 81000 -297000 -276000 20 2 4 51 5 6 1 0.125 4700000 1 0.98 0.90 0.87 0.88 0.95 0.86 0.76 0.85 1 1 7000 32000 21000 37000 1.42857 14.44 14.45 14.36 5169 16208 15270 133774 192844 14.47 0.82 2500000 0.3 47000 47000 47000 7998000 9167000 3819000 7580000 4794000 9581000 9831000 18925000 13027000 25475000 602068000 650027000 11721000 11942000 8879000 8351000 0.978 0.977 0.984 0.983 <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Basis of Accounting.&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">Our financial records are maintained on the accrual basis of accounting whereby revenues are recognized when earned and expenses are recorded when incurred.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Basis of Consolidation.&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">We are the sole general partner of the Operating Partnership and possess full legal control and authority over the operations of the Operating Partnership.&#160;&#160;As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">, we owned a majority of the partnership interests in the Operating Partnership.&#160;&#160;Consequently, the accompanying consolidated financial statements include the accounts of the Operating Partnership.&#160;&#160;All significant inter-company balances have been eliminated. Noncontrolling interests in the accompanying consolidated financial statements represents the share of equity and earnings of the Operating Partnership allocable to holders of partnership interests other than us.&#160;&#160;Net income or loss is allocated to noncontrolling interests based on the weighted average percentage ownership of the Operating Partnership during the period.&#160;&#160;Issuance of additional common shares of beneficial interest in </font><font style="font-family:inherit;font-size:10pt;">Whitestone</font><font style="font-family:inherit;font-size:10pt;"> (the &#8220;common shares&#8221;) and units of limited partnership interest in the Operating Partnership that are convertible into cash or, at our option, common shares on a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">one</font><font style="font-family:inherit;font-size:10pt;">-for-one basis (the &#8220;OP units&#8221;) changes the ownership interests of both the noncontrolling interests and </font><font style="font-family:inherit;font-size:10pt;">Whitestone</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DEBT</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;">Certain subsidiaries of Whitestone are the borrowers under various financing arrangements. These subsidiaries are separate legal entities and their respective assets and credit are not available to satisfy the debt of Whitestone or any of its other subsidiaries.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Debt consisted of the following as of the dates indicated (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td width="73%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="10%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June&#160;30, 2015</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fixed rate notes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$10.5 million, LIBOR plus 2.00% Note, due September 24, 2018</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#160;(1)</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,340</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,460</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$50.0 million, 0.84% plus 1.75% to 2.50% Note, due February 17, 2017 </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$37.0 million 3.76% Note, due December 1, 2020</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35,623</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36,090</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$6.5 million 3.80% Note, due January 1, 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,273</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,355</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$19.0 million 4.15% Note, due December 1, 2024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$20.2 million 4.28% Note, due June 6, 2023</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,200</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,200</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$14.0 million 4.34% Note, due September 11, 2024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$14.3 million 4.34% Note, due September 11, 2024</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,300</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,300</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$16.5 million 4.97% Note, due September 26, 2023</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,450</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,450</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$15.1 million 4.99% Note, due January 6, 2024</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,060</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,060</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$9.2 million, Prime Rate less 2.00%, due December 29, 2017</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#160;(3)</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,887</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,888</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$2.6 million 5.46% Note, due October 1, 2023</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,568</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,583</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$11.1 million 5.87% Note, due August 6, 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,457</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,607</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$0.9 million 2.97% Note, due November 28, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">529</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Floating rate notes</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unsecured line of credit, LIBOR plus 1.40% to 1.95%, due November 7, 2018 </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">129,600</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">120,100</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$50.0 million, LIBOR plus 1.35% to 1.90% Note, due November 7, 2019</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,000</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,000</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">403,287</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">394,093</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup>&#160;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Promissory note includes an interest rate swap that fixed the interest rate at </font><font style="font-family:inherit;font-size:10pt;">3.55%</font><font style="font-family:inherit;font-size:10pt;"> for the duration of the term.</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup>&#160;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Promissory note includes an interest rate swap that fixed the </font><font style="font-family:inherit;font-size:10pt;">LIBOR</font><font style="font-family:inherit;font-size:10pt;"> portion of our </font><font style="font-family:inherit;font-size:10pt;">$50 million</font><font style="font-family:inherit;font-size:10pt;"> term loan under our previous unsecured revolving credit facility at </font><font style="font-family:inherit;font-size:10pt;">0.84%</font><font style="font-family:inherit;font-size:10pt;">. </font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(3)</sup>&#160;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Promissory note includes an interest rate swap that fixed the interest rate at </font><font style="font-family:inherit;font-size:10pt;">5.72%</font><font style="font-family:inherit;font-size:10pt;"> for the duration of the term. As part of our acquisition of Paradise Plaza in August 2012, we recorded a discount on the note of </font><font style="font-family:inherit;font-size:10pt;">$1.3 million</font><font style="font-family:inherit;font-size:10pt;">, which amortizes into interest expense over the life of the loan and results in an imputed interest rate of </font><font style="font-family:inherit;font-size:10pt;">4.13%</font><font style="font-family:inherit;font-size:10pt;">.</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 24, 2014, we assumed a </font><font style="font-family:inherit;font-size:10pt;">$2.6 million</font><font style="font-family:inherit;font-size:10pt;"> promissory note as part of our acquisition of the hard corner at Village Square at Dana Park (See Note 14). The </font><font style="font-family:inherit;font-size:10pt;">5.46%</font><font style="font-family:inherit;font-size:10pt;"> fixed interest rate note matures October 1, 2023.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On November 26, 2014, we, operating through our subsidiary, Whitestone Headquarters Village, LLC, a Delaware limited liability company, entered into a </font><font style="font-family:inherit;font-size:10pt;">$19.0 million</font><font style="font-family:inherit;font-size:10pt;"> promissory note (the &#8220;Headquarters Note&#8221;), with a fixed interest rate of </font><font style="font-family:inherit;font-size:10pt;">4.15%</font><font style="font-family:inherit;font-size:10pt;"> payable to Morgan Stanley Bank, N.A. and a maturity date of December 1, 2024. Proceeds from the Headquarters Note were used to repay a portion of our unsecured revolving credit facility.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On November 7, 2014, we, through our Operating Partnership, entered into an unsecured revolving credit facility (the &#8220;Facility&#8221;) with the lenders party thereto, with BMO Capital Markets, Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated, and U.S. Bank, National Association, as co-lead arrangers and joint book runners, and Bank of Montreal, as administrative agent (the &#8220;Agent&#8221;). The Facility amended and restated our previous unsecured revolving credit facility. Proceeds from the Facility were used for general corporate purposes, including property acquisitions, debt repayment, capital expenditures, the expansion, redevelopment and re-tenanting of properties in our portfolio and working capital. We intend to use the additional proceeds from the Facility for general corporate purposes, including property acquisitions, debt repayment, capital expenditure, the expansion, redevelopment and re-tenanting of properties in our portfolio and working capital. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Facility is comprised of three tranches:</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$400 million</font><font style="font-family:inherit;font-size:10pt;"> unsecured revolving credit facility (the &#8220;Revolver&#8221;);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$50 million</font><font style="font-family:inherit;font-size:10pt;"> unsecured term loan (the &#8220;Term Loan 1&#8221;); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$50 million</font><font style="font-family:inherit;font-size:10pt;"> unsecured term loan (the &#8220;Term Loan 2&#8221;).</font></div></td></tr></table><div style="line-height:120%;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Facility includes an accordion feature that will allow the Operating Partnership to increase the borrowing capacity to </font><font style="font-family:inherit;font-size:10pt;">$700 million</font><font style="font-family:inherit;font-size:10pt;">, upon the satisfaction of certain conditions. The Revolver will mature on November 7, 2018, with an option to extend for one additional year to November 7, 2019, subject to certain conditions, including payment of an extension fee. The Term Loan 1 will mature on February 17, 2017, and the Term Loan 2 will mature on November 7, 2019.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Borrowings under the Facility accrue interest (at the Operating Partnership's option) at a Base Rate or an Adjusted LIBOR plus an applicable margin based upon our then existing leverage. The applicable margin for Adjusted LIBOR borrowings ranges from </font><font style="font-family:inherit;font-size:10pt;">1.40%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">1.95%</font><font style="font-family:inherit;font-size:10pt;"> for the Revolver and </font><font style="font-family:inherit;font-size:10pt;">1.35%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">1.90%</font><font style="font-family:inherit;font-size:10pt;"> for the term loans. Base Rate means the higher of: (a) the Agent's prime commercial rate, (b) the sum of (i) the average rate quoted by the Agent by two or more federal funds brokers selected by the Agent for sale to the Agent at face value of federal funds in the secondary market in an amount equal or comparable to the principal amount for which such rate is being determined, plus (ii) 1/2 of 1.00%, and (c) the LIBOR rate for such day plus </font><font style="font-family:inherit;font-size:10pt;">1.00%</font><font style="font-family:inherit;font-size:10pt;">. Adjusted LIBOR means LIBOR divided by one minus the Eurodollar Reserve Percentage. The Eurodollar Reserve Percentage means the maximum reserve percentage at which reserves are imposed by the Board of Governors of the Federal Reserve System on eurocurrency liabilities. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We serve as the guarantor for funds borrowed by the Operating Partnership under the Facility. The Facility contains customary terms and conditions, including, without limitation, affirmative and negative covenants such as information reporting requirements, maximum secured indebtedness to total asset value, minimum EBITDA (earnings before interest, taxes, depreciation, amortization or extraordinary items) to fixed charges, and maintenance of a minimum net worth. The Facility also contains customary events of default with customary notice and cure, including, without limitation, nonpayment, breach of covenant, misrepresentation of representations and warranties in a material respect, cross-default to other major indebtedness, change of control, bankruptcy and loss of REIT tax status. As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, we were in compliance with all covenants under the Facility.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$229.6 million</font><font style="font-family:inherit;font-size:10pt;"> was drawn on the Facility, and our remaining borrowing capacity was </font><font style="font-family:inherit;font-size:10pt;">$270.4 million</font><font style="font-family:inherit;font-size:10pt;">. Proceeds from the Facility were used for general corporate purposes, including property acquisitions, debt repayment, capital expenditures, the expansion, redevelopment and retenanting of properties in our portfolio and working capital.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On September 3, 2014, we, operating through our subsidiary, Whitestone Pecos Ranch, LLC, a Delaware limited liability company, entered into a </font><font style="font-family:inherit;font-size:10pt;">$14.0 million</font><font style="font-family:inherit;font-size:10pt;"> promissory note (the &#8220;Pecos Note&#8221;), with a fixed interest rate of </font><font style="font-family:inherit;font-size:10pt;">4.34%</font><font style="font-family:inherit;font-size:10pt;"> payable to Wells Fargo Bank, National Association and a maturity date of September 11, 2024. Proceeds from the Pecos Note were used to repay a portion of our previous unsecured revolving credit facility.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On August 26, 2014, we, operating through our subsidiary, Whitestone Shops at Starwood, LLC, a Delaware limited liability company, entered into a </font><font style="font-family:inherit;font-size:10pt;">$14.3 million</font><font style="font-family:inherit;font-size:10pt;"> promissory note (the &#8220;Starwood Note&#8221;), with a fixed interest rate of </font><font style="font-family:inherit;font-size:10pt;">4.34%</font><font style="font-family:inherit;font-size:10pt;"> payable to Wells Fargo Bank, National Association and a maturity date of September 11, 2024. Proceeds from the Starwood Note were used to repay a portion of our previous unsecured revolving credit facility.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, our </font><font style="font-family:inherit;font-size:10pt;">$173.2 million</font><font style="font-family:inherit;font-size:10pt;"> in secured debt was collateralized by </font><font style="font-family:inherit;font-size:10pt;">20</font><font style="font-family:inherit;font-size:10pt;"> properties with a carrying value of </font><font style="font-family:inherit;font-size:10pt;">$215.7 million</font><font style="font-family:inherit;font-size:10pt;">.&#160;&#160;Our loans contain restrictions that would require the payment of prepayment penalties for the acceleration of outstanding debt and are secured by deeds of trust on certain of our properties and by assignment of the rents and leases associated with those properties.&#160;&#160;As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, we were in compliance with all loan covenants.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Scheduled maturities of our outstanding debt as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> were as follows (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td width="79%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="18%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Year</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amount Due</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,549</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,269</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,212</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">141,736</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58,049</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">128,472</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">403,287</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs which have been deferred consist of the following (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td width="73%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="10%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June&#160;30, 2015</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease commissions</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,121</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,936</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred financing cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,821</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,785</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total cost</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,942</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,721</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: lease commissions accumulated amortization</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,521</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,373</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: deferred financing cost accumulated amortization</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,070</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(469</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total cost, net of accumulated amortization</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,351</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,879</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DERIVATIVES AND HEDGING ACTIVITIES</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair value of our interest rate swaps is as follows (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td width="52%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="23%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="21%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance Sheet Location</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Estimated Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swaps:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">June 30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts payable and accrued expenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,116</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December 31, 2014</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts payable and accrued expenses</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A summary of our interest rate swap activity is as follows (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="11" rowspan="1"></td></tr><tr><td width="37%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="18%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="20%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="18%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amount Recognized as Comprehensive Income (Loss)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Location of Loss Recognized in Earnings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amount of Loss Recognized in Earnings </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Three months ended June 30, 2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest expense</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(203</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Three months ended June 30, 2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(259</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(192</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Six months ended June 30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(276</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(410</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Six months ended June 30, 2014</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(297</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest expense</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(382</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup>&#160;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We did not recognize any ineffective portion of our interest rate swaps in earnings for the three and </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2014</font><font style="font-family:inherit;font-size:10pt;">.</font></div></td></tr></table></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Derivative Instruments and Hedging Activities. </font><font style="font-family:inherit;font-size:10pt;">We occasionally utilize derivative financial instruments, principally interest rate swaps, to manage our exposure to fluctuations in interest rates. We have established policies and procedures for risk assessment, and the approval, reporting and monitoring of derivative financial instruments. We recognize our interest rate swaps as cash flow hedges with the effective portion of the changes in fair value recorded in comprehensive income (loss) and subsequently reclassified into earnings in the period that the hedged transaction affects earnings. Any ineffective portion of a cash flow hedges' change in fair value is recorded immediately into earnings. Our cash flow hedges are determined using Level 2 inputs under ASC 820. Level 2 inputs represent quoted prices in active markets for similar assets or liabilities; quoted prices in markets that are not active; and model-derived valuations whose inputs are observable. As of </font><font style="font-family:inherit;font-size:10pt;font-style:normal;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, we consider our cash flow hedges to be highly effective.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">INCENTIVE SHARE PLAN</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On July 29, 2008, our shareholders approved the 2008 Plan. On December 22, 2010, our board of trustees amended the 2008 Plan to allow for awards in or related to Class B common shares pursuant to the 2008 Plan. On June 27, 2012, our Class B common shares were redesignated as &#8220;common shares.&#8221; The 2008 Plan, as amended, provides that awards may be made with respect to common shares of Whitestone or OP units, which may be converted into cash or, at our option, common shares of Whitestone. The maximum aggregate number of common shares that may be issued under the 2008 Plan is increased upon each issuance of common shares by Whitestone so that at any time the maximum number of shares that may be issued under the 2008 Plan shall equal </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">12.5%</font><font style="font-family:inherit;font-size:10pt;"> of the aggregate number of common shares of Whitestone and OP units issued and outstanding (other than shares and/or OP units issued to or held by Whitestone).</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Compensation Committee of our board of trustees administers the 2008 Plan, except with respect to awards to non-employee trustees, for which the 2008 Plan is administered by our board of trustees.&#160;&#160;The Compensation Committee is authorized to grant share options, including both incentive share options and non-qualified share options, as well as share appreciation rights, either with or without a related option. The Compensation Committee is also authorized to grant restricted common shares, restricted common share units, performance awards and other share-based awards.&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On April 2, 2014, the Compensation Committee approved the modification of the vesting provisions with respect to awards of an aggregate of </font><font style="font-family:inherit;font-size:10pt;">633,704</font><font style="font-family:inherit;font-size:10pt;"> restricted common shares and restricted common share units for </font><font style="font-family:inherit;font-size:10pt;">51</font><font style="font-family:inherit;font-size:10pt;"> of our employees. The modified time-based shares will vest annually in three equal installments. The modified performance-based restricted common shares and restricted common share units were modified to include performance-based vesting based on achievement of certain absolute financial goals, as well as </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">two years</font><font style="font-family:inherit;font-size:10pt;"> of time-based vesting post achievement of financial goals. Continued employment is required through the applicable vesting date. Additionally, </font><font style="font-family:inherit;font-size:10pt;">2,049,116</font><font style="font-family:inherit;font-size:10pt;"> restricted performance-based common share units were granted with the same vesting conditions as the modified performance-based grants described above. If the performance targets are not met prior to December 31, 2018, any unvested performance-based restricted common shares and restricted common units will be forfeited. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 30, 2015, the Compensation Committee approved the grant of an aggregate of </font><font style="font-family:inherit;font-size:10pt;">143,000</font><font style="font-family:inherit;font-size:10pt;"> time-based restricted common share units to James C. Mastandrea and David K. Holeman.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A summary of the share-based incentive plan activity as of and for the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> is as follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:98.4375%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td width="66%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="15%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="14%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted Average</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-vested at January 1, 2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,411,068</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14.45</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">267,280</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13.65</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vested</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(192,844</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14.47</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Forfeited</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(71,995</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14.44</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-vested at June 30, 2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,413,509</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14.36</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Available for grant at June 30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">970,051</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A summary of our non-vested and vested shares activity for the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and years ended December 31, 2014, 2013, 2012 and 2011 is presented below:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="15" rowspan="1"></td></tr><tr><td width="36%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="14%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="13%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="14%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="13%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares Granted</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares Vested</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Vested Shares Issued</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted Average Grant-Date Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Vested Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Vest-Date Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Six Months Ended June 30, 2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">267,280</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13.65</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(192,844</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,791</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Year Ended December 31, 2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,058,930</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14.40</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(133,774</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,721</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Year Ended December 31, 2013</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">328,005</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15.43</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15,270</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">224</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Year Ended December 31, 2012</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99,700</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13.03</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(16,208</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">223</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Year Ended December 31, 2011</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,169</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total compensation recognized in earnings for share-based payments was </font><font style="font-family:inherit;font-size:10pt;">$1,669,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1,234,000</font><font style="font-family:inherit;font-size:10pt;"> for the three months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, respectively, and </font><font style="font-family:inherit;font-size:10pt;">$3,343,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1,607,000</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">Based on our current financial projections, we expect approximately </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">82%</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">of the unvested awards to vest over the next</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">45</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">months. As of</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, there was approximately </font><font style="font-family:inherit;font-size:10pt;">$11.5 million</font><font style="font-family:inherit;font-size:10pt;"> in unrecognized compensation cost related to outstanding non-vested performance-based shares, which are expected to vest over a period of </font><font style="font-family:inherit;font-size:10pt;">45</font><font style="font-family:inherit;font-size:10pt;"> months and approximately </font><font style="font-family:inherit;font-size:10pt;">$4.8 million</font><font style="font-family:inherit;font-size:10pt;"> in unrecognized compensation cost related to outstanding non-vested time-based shares, which are expected to be recognized over a period of approximately </font><font style="font-family:inherit;font-size:10pt;">21</font><font style="font-family:inherit;font-size:10pt;"> months beginning on July 1, 2015. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">We expect to record approximately </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">$6.9 million</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">in non-cash share-based compensation expense in 2015 and</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">$12.8 million</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">subsequent to 2015. The unrecognized share-based compensation cost is expected to vest over a weighted average period of</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">31</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">months.</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;">The dilutive impact of the performance-based shares will be included in the denominator of the earnings per share calculation beginning in the period that the performance conditions are expected to be met.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the cash distributions paid or payable to holders of common shares and to holders of noncontrolling OP units during each quarter during </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;"> and the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> (in thousands, except per share/unit data):</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="21" rowspan="1"></td></tr><tr><td width="40%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="7%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Common Shares</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Noncontrolling OP Unit Holders</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Quarter Paid</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Distributions Per Common Share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Amount Paid</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Distributions Per OP Unit</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Amount Paid</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Amount Paid</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Second Quarter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,601</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">111</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,712</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">First Quarter</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,526</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">113</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,639</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">0.5700</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">13,127</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">0.5700</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">224</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">13,351</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fourth Quarter</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,484</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">114</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,598</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Third Quarter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,457</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">126</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,583</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Second Quarter</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,367</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">152</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,519</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">First Quarter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,231</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">158</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,389</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1.1400</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">25,539</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1.1400</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">550</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">26,089</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EARNINGS PER SHARE</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic earnings per share for our common shareholders is calculated by dividing income from continuing operations excluding amounts attributable to unvested restricted shares and the net income attributable to noncontrolling interests by our weighted average common shares outstanding during the period.&#160;&#160;Diluted earnings per share is computed by dividing the net income attributable to common shareholders excluding amounts attributable to unvested restricted shares and the net income attributable to noncontrolling interests by the weighted average number of common shares including any dilutive unvested restricted shares.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain of our performance-based restricted common shares are considered participating securities that require the use of the two-class method for the computation of basic and diluted earnings per share.&#160;&#160;During the three months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">390,323</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">506,513</font><font style="font-family:inherit;font-size:10pt;"> OP units, respectively, were excluded from the calculation of diluted earnings per share because their effect would be anti-dilutive, and during the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">391,455</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">530,961</font><font style="font-family:inherit;font-size:10pt;"> OP units, respectively, were excluded from the calculation of diluted earnings per share because their effect would be anti-dilutive.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the three months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, distributions of </font><font style="font-family:inherit;font-size:10pt;">$172,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$78,000</font><font style="font-family:inherit;font-size:10pt;">, respectively, were made to holders of certain restricted common shares, </font><font style="font-family:inherit;font-size:10pt;">$9,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$25,000</font><font style="font-family:inherit;font-size:10pt;">, respectively, of which were charged against earnings. For the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, distributions of </font><font style="font-family:inherit;font-size:10pt;">$288,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$116,000</font><font style="font-family:inherit;font-size:10pt;">, respectively, were made to holders of certain restricted common shares, </font><font style="font-family:inherit;font-size:10pt;">$18,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$44,000</font><font style="font-family:inherit;font-size:10pt;">, respectively, of which were charged against earnings. See Note 11 for information related to restricted common shares under the 2008 Plan.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td width="55%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="2%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">(in thousands, except per share data)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Numerator:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income from continuing operations</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,593</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,134</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,222</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,446</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: Net income attributable to noncontrolling interests</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(26</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(24</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(54</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(81</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Distributions paid on unvested restricted shares</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(163</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(54</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(270</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(73</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,404</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,056</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,898</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,292</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income (loss) from discontinued operations</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(33</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(41</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">266</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: Net (income) loss attributable to noncontrolling interests</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income (loss) from discontinued operations attributable to Whitestone REIT</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(33</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">143</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(40</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">260</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,371</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,199</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,858</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,552</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Denominator:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average number of common shares - basic</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,869</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,235</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,724</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,030</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Effect of dilutive securities:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unvested restricted shares</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">532</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">208</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">590</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">162</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average number of common shares - dilutive</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,401</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,443</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,314</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,192</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Earnings Per Share:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Basic:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.06</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.05</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.13</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.15</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income from discontinued operations attributable to Whitestone REIT</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.00</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.00</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.00</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.01</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.06</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.05</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.13</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.16</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Diluted:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.06</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.05</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.12</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.15</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income from discontinued operations attributable to Whitestone REIT</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.00</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.00</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.00</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.01</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.06</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.05</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.12</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.16</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Noncontrolling Interests.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Noncontrolling interests is the portion of equity in a subsidiary not attributable to a parent.&#160;&#160;The ownership interests not held by the parent are considered noncontrolling interests.&#160;&#160;Accordingly, we have reported noncontrolling interests in equity on the consolidated balance sheets but separate from Whitestone's equity.&#160;&#160;On the consolidated statements of operations, subsidiaries are reported at the consolidated amount, including both the amount attributable to Whitestone and noncontrolling interests.&#160;&#160;The consolidated statement of changes in equity is included for quarterly financial statements, including beginning balances, activity for the period and ending balances for shareholders' equity, noncontrolling interests and total equity.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">INCOME TAXES</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Federal income taxes are not provided because we intend to and believe we qualify as a REIT under the provisions of the Internal Revenue Code (the &#8220;Code&#8221;) and because we have distributed and intend to continue to distribute all of our taxable income to our shareholders.&#160;&#160;As a REIT, we must distribute at least 90% of our real estate investment trust taxable income to our shareholders and meet certain income sources and investment restriction requirements.&#160;&#160;In addition, REITs are subject to a number of organizational and operational requirements.&#160;&#160;If we fail to qualify as a REIT in any taxable year, we will be subject to federal income tax (including any applicable alternative minimum tax) on our taxable income at regular corporate tax rates.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Taxable income differs from net income for financial reporting purposes principally due to differences in the timing of recognition of interest, real estate taxes, depreciation and rental revenue.&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are subject to the Texas Margin Tax, which is computed by applying the applicable tax rate (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">1%</font><font style="font-family:inherit;font-size:10pt;"> for us) to the profit margin, which generally will be determined for us as total revenue less a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">30%</font><font style="font-family:inherit;font-size:10pt;"> standard deduction.&#160;&#160;Although the Texas Margin Tax is not an income tax, FASB ASC 740, &#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income Taxes</font><font style="font-family:inherit;font-size:10pt;">&#8221; applies to the Texas Margin Tax.&#160;&#160;For the three months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, we recognized approximately </font><font style="font-family:inherit;font-size:10pt;">$106,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$42,000</font><font style="font-family:inherit;font-size:10pt;"> in margin tax provision, respectively, and for the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, we recognized approximately </font><font style="font-family:inherit;font-size:10pt;">$188,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$109,000</font><font style="font-family:inherit;font-size:10pt;"> in margin tax provision, respectively.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MARKETABLE SECURITIES </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All of our marketable securities were classified as available-for-sale securities as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">. Available-for-sale securities consisted of the following (in thousands):</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td width="28%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="15%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="15%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="15%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="15%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June&#160;30, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amortized Cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Gains in Accumulated Other Comprehensive Income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Losses in Accumulated Other Comprehensive Income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Estimated Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Real estate sector common stock</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">654</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(232</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">422</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total available-for-sale securities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">654</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(232</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">422</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td width="28%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="15%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="15%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="15%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="15%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amortized Cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Gains in Accumulated Other Comprehensive Income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Losses in Accumulated Other Comprehensive Income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Estimated Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Real estate sector common stock</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,106</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(133</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">973</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total available-for-sale securities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,106</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(133</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">973</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the three and </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, available-for-sale securities were sold for total proceeds of </font><font style="font-family:inherit;font-size:10pt;">$496,000</font><font style="font-family:inherit;font-size:10pt;">. The gross realized gain on these sales during the three months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> were </font><font style="font-family:inherit;font-size:10pt;">$44,000</font><font style="font-family:inherit;font-size:10pt;">. During the three and </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> available-for-sale securities were sold. For the purpose of determining gross realized gains and losses, the cost of securities sold is based on specific identification. A net unrealized holding loss on available-for-sale securities in the amount of </font><font style="font-family:inherit;font-size:10pt;">$232,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$124,000</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, respectively, has been included in accumulated other comprehensive income.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ACCRUED RENTS AND ACCOUNTS RECEIVABLE, NET</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accrued rents and accounts receivable, net consists of amounts accrued, billed and due from tenants, allowance for doubtful accounts and other receivables as follows (in thousands):</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td width="72%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="10%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June&#160;30, 2015</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tenant receivables</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,167</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,998</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accrued rents and other recoveries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,156</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,800</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Allowance for doubtful accounts</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,493</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,964</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,830</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,834</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Marketable Securities.</font><font style="font-family:inherit;font-size:10pt;"> We classify our existing marketable equity securities as available-for-sale in accordance with the Financial Accounting Standards Board's (&#8220;FASB&#8221;) Investments-Debt and Equity Securities guidance. These securities are carried at fair value with unrealized gains and losses reported in equity as a component of accumulated other comprehensive income or loss. The fair value of the marketable securities is determined using Level 1 inputs under FASB Accounting Standards Codification (&#8220;ASC&#8221;) 820, &#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value Measurements and Disclosures.&#8221;</font><font style="font-family:inherit;font-size:10pt;"> Level 1 inputs represent quoted prices available in an active market for identical investments as of the reporting date. Gains and losses on securities sold are based on the specific identification method, and are reported as a component of interest, dividend and other investment income. </font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All of our marketable securities were classified as available-for-sale securities as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">. Available-for-sale securities consisted of the following (in thousands):</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td width="28%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="15%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="15%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="15%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="15%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June&#160;30, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amortized Cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Gains in Accumulated Other Comprehensive Income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Losses in Accumulated Other Comprehensive Income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Estimated Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Real estate sector common stock</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">654</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(232</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">422</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total available-for-sale securities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">654</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(232</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">422</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td width="28%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="15%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="15%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="15%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="15%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amortized Cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Gains in Accumulated Other Comprehensive Income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Losses in Accumulated Other Comprehensive Income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Estimated Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Real estate sector common stock</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,106</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(133</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">973</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total available-for-sale securities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,106</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(133</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">973</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recent Accounting Pronouncements</font><font style="font-family:inherit;font-size:10pt;">.&#160;&#160;In April 2014, the FASB issued guidance updating the criteria for reporting the disposal of a component of an entity as a discontinued operation. This guidance was effective for reporting periods beginning on or after December 15, 2014 with early adoption permitted only for disposals that have not been reported in financial statements previously issued or available for issuance. We have adopted the guidance beginning with the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued guidance requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. This guidance is effective retrospectively for reporting periods beginning on or after December 15, 2015 with early adoption permitted only for financial statements that have not been previously issued. We are currently in the process of evaluating the impact of adoption on our consolidated balance sheets.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">INTERIM FINANCIAL STATEMENTS</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated financial statements included in this report are unaudited; however, amounts presented in the consolidated balance sheet as of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;"> are derived from our audited consolidated financial statements as of that date.&#160;&#160;The unaudited financial statements as of and for the period ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> have been prepared in accordance with U.S. generally accepted accounting principles (&#8220;U.S. GAAP&#8221;) for interim financial information on a basis consistent with the annual audited consolidated financial statements and with the instructions to Form 10-Q.</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated financial statements presented herein reflect all adjustments which, in the opinion of management, are necessary for a fair presentation of the financial position of </font><font style="font-family:inherit;font-size:10pt;">Whitestone</font><font style="font-family:inherit;font-size:10pt;"> and our subsidiaries as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, and the results of operations for the three and </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> month periods ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, the consolidated statements of changes in equity for the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> month period ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and cash flows for the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> month periods ended </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">.&#160;&#160;All of these adjustments are of a normal recurring nature.&#160;&#160;The results of operations for the interim periods are not necessarily indicative of the results expected for a full year.&#160;&#160;The statements should be read in conjunction with the audited consolidated financial statements and the notes thereto which are included in our Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business</font><font style="font-family:inherit;font-size:10pt;">.&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">Whitestone</font><font style="font-family:inherit;font-size:10pt;"> was formed as a real estate investment trust (&#8220;REIT&#8221;), pursuant to the Texas Real Estate Investment Trust Act on August 20, 1998.&#160;&#160;In July 2004, we changed our state of organization from Texas to Maryland pursuant to a merger where we merged directly with and into a Maryland REIT formed for the sole purpose of the reorganization and the conversion of each of our outstanding common shares of beneficial interest of the Texas entity into </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">1.42857</font><font style="font-family:inherit;font-size:10pt;"> common shares of beneficial interest of the Maryland entity.&#160;&#160;We serve as the general partner of Whitestone REIT Operating Partnership, L.P. (the &#8220;Operating Partnership&#8221;), which was formed on December 31, 1998 as a Delaware limited partnership.&#160;&#160;We currently conduct substantially all of our operations and activities through the Operating Partnership.&#160;&#160;As the general partner of the Operating Partnership, we have the exclusive power to manage and conduct the business of the Operating Partnership, subject to certain customary exceptions.&#160;&#160;As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">, Whitestone owned and operated </font><font style="font-family:inherit;font-size:10pt;">65</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">63</font><font style="font-family:inherit;font-size:10pt;"> commercial properties, respectively,&#160;in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix and San Antonio.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications.&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">We have reclassified certain prior period amounts in the accompanying consolidated financial statements in order to be consistent with the current period presentation.&#160;&#160;These reclassifications had no effect on net income, total assets, total liabilities or equity. </font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">REAL ESTATE </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Property Acquisitions. </font><font style="font-family:inherit;font-size:10pt;">On May 27, 2015, we acquired Davenport Village, a property that meets our Community Centered Property&#8482; strategy, for approximately </font><font style="font-family:inherit;font-size:10pt;">$45.5 million</font><font style="font-family:inherit;font-size:10pt;"> in cash and net prorations. The </font><font style="font-family:inherit;font-size:10pt;">128,934</font><font style="font-family:inherit;font-size:10pt;"> square foot property was </font><font style="font-family:inherit;font-size:10pt;">85%</font><font style="font-family:inherit;font-size:10pt;"> leased at the time of purchase and is located in Austin, Texas.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On March 31, 2015, we acquired City View Village, a property that meets our Community Centered Property&#8482; strategy, for approximately </font><font style="font-family:inherit;font-size:10pt;">$6.3 million</font><font style="font-family:inherit;font-size:10pt;"> in cash and net prorations. The </font><font style="font-family:inherit;font-size:10pt;">17,870</font><font style="font-family:inherit;font-size:10pt;"> square foot property was </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> leased at the time of purchase and is located in San Antonio, Texas.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 24, 2014, we acquired the hard corner at our Village Square at Dana Park property for approximately </font><font style="font-family:inherit;font-size:10pt;">$4.7 million</font><font style="font-family:inherit;font-size:10pt;">, in exchange for the assumption of a </font><font style="font-family:inherit;font-size:10pt;">$2.6 million</font><font style="font-family:inherit;font-size:10pt;"> non-recourse loan and cash of </font><font style="font-family:inherit;font-size:10pt;">$2.1 million</font><font style="font-family:inherit;font-size:10pt;">. The </font><font style="font-family:inherit;font-size:10pt;">12,047</font><font style="font-family:inherit;font-size:10pt;"> square foot property was </font><font style="font-family:inherit;font-size:10pt;">88%</font><font style="font-family:inherit;font-size:10pt;"> leased at the time of purchase and is located in the Mesa submarket of Phoenix, Arizona. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 24, 2014, we acquired The Shops at Williams Trace, a property that meets our Community Centered Property&#8482; strategy, for approximately </font><font style="font-family:inherit;font-size:10pt;">$20.2 million</font><font style="font-family:inherit;font-size:10pt;"> in cash and net prorations. The </font><font style="font-family:inherit;font-size:10pt;">132,991</font><font style="font-family:inherit;font-size:10pt;"> square foot property was </font><font style="font-family:inherit;font-size:10pt;">87%</font><font style="font-family:inherit;font-size:10pt;"> leased at the time of purchase and is located in Sugar Land, Texas. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 24, 2014, we acquired Williams Trace Plaza, a property that meets our Community Centered Property&#8482; strategy, for approximately </font><font style="font-family:inherit;font-size:10pt;">$20.4 million</font><font style="font-family:inherit;font-size:10pt;"> in cash and net prorations. The </font><font style="font-family:inherit;font-size:10pt;">129,222</font><font style="font-family:inherit;font-size:10pt;"> square foot property was </font><font style="font-family:inherit;font-size:10pt;">95%</font><font style="font-family:inherit;font-size:10pt;"> leased at the time of purchase and is located in Sugar Land, Texas. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 19, 2014, we acquired a </font><font style="font-family:inherit;font-size:10pt;">1.39</font><font style="font-family:inherit;font-size:10pt;"> acre parcel of undeveloped land for </font><font style="font-family:inherit;font-size:10pt;">$0.9 million</font><font style="font-family:inherit;font-size:10pt;"> in cash and net prorations. The undeveloped land parcel is adjacent to our Fulton Ranch Towne Center property.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">On November 5, 2014, we acquired Fulton Ranch Towne Center, a property that meets our Community Centered Property</font><font style="font-family:inherit;font-size:10pt;">&#8482;</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">strategy, for approximately</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">$29.3 million</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">in cash and net prorations. The</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">113,281</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">square foot property was</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">86%</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">leased at the time of purchase and is located in Chandler, Arizona.</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">On November 5, 2014, we acquired The Promenade at Fulton Ranch, a property that meets our Community Centered Property</font><font style="font-family:inherit;font-size:10pt;">&#8482;</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">strategy, for approximately</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">$18.6 million</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">in cash and net prorations. The</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">98,792</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">square foot property was</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">76%</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">leased at the time of purchase and is located in Chandler, Arizona.</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On September 19, 2014, we acquired The Strand at Huebner Oaks, a property that meets our Community Centered Property&#8482; strategy, for approximately </font><font style="font-family:inherit;font-size:10pt;">$18.0 million</font><font style="font-family:inherit;font-size:10pt;"> in cash and net prorations. The </font><font style="font-family:inherit;font-size:10pt;">73,920</font><font style="font-family:inherit;font-size:10pt;"> square foot property was </font><font style="font-family:inherit;font-size:10pt;">90%</font><font style="font-family:inherit;font-size:10pt;"> leased at the time of purchase and is located in San Antonio, Texas.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> On July 1, 2014, we acquired Heritage Trace Plaza, a property that meets our Community Centered Property</font><font style="font-family:inherit;font-size:10pt;">&#8482;</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">strategy, for approximately</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">$20.1 million</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">in cash and net prorations. The</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">70,431</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">square foot property was</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">98%</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">leased at the time of purchase and is located in Fort Worth, Texas.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Property Dispositions. </font><font style="font-family:inherit;font-size:10pt;">On December 31, 2014, we completed the sale of three office buildings (Zeta, Royal Crest and Featherwood), located in the Clear Lake suburb of Houston, Texas, for </font><font style="font-family:inherit;font-size:10pt;">$10.3 million</font><font style="font-family:inherit;font-size:10pt;">. This disposition was pursuant to our strategy of recycling capital by disposing of non-core properties that do not fit our Community Centered Property&#8482; strategy. As part of the transaction, we provided short-term seller financing of </font><font style="font-family:inherit;font-size:10pt;">$2.5 million</font><font style="font-family:inherit;font-size:10pt;">. We recorded a gain on sale of </font><font style="font-family:inherit;font-size:10pt;">$4.4 million</font><font style="font-family:inherit;font-size:10pt;">, including recognizing a </font><font style="font-family:inherit;font-size:10pt;">$1.9 million</font><font style="font-family:inherit;font-size:10pt;"> gain on sale for the year ended December&#160;31, 2014 and deferring the remaining </font><font style="font-family:inherit;font-size:10pt;">$2.5 million</font><font style="font-family:inherit;font-size:10pt;"> gain on sale to be recognized upon receipt of principal payments on the financing provided by us.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The operating results for properties classified as discontinued operations consists of the following (in thousands):</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td width="55%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="2%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2014</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property revenues</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">412</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">824</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property expenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">175</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">344</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation and amortization</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">74</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">153</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Provision for income taxes</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Loss (gain) on sale or disposal of assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Income (loss) from discontinued operations</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(33</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(41</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">266</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Development Properties.</font><font style="font-family:inherit;font-size:10pt;"> Land, buildings and improvements are recorded at cost. Expenditures related to the development of real estate are carried at cost which includes capitalized carrying charges and development costs. Carrying charges (interest, real estate taxes, loan fees, and direct and indirect development costs related to buildings under construction), are capitalized as part of construction in progress. The capitalization of such costs ceases when the property, or any completed portion, becomes available for occupancy. For the three months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, approximately </font><font style="font-family:inherit;font-size:10pt;">$32,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$21,000</font><font style="font-family:inherit;font-size:10pt;"> in interest expense and real estate taxes, respectively, were capitalized, and for the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, approximately </font><font style="font-family:inherit;font-size:10pt;">$58,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$37,000</font><font style="font-family:inherit;font-size:10pt;"> in interest expense and real estate taxes, respectively, were capitalized. For the three months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;">, approximately </font><font style="font-family:inherit;font-size:10pt;">$26,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$7,000</font><font style="font-family:inherit;font-size:10pt;"> in interest expense and real estate taxes, respectively, were capitalized, and for the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;">, approximately </font><font style="font-family:inherit;font-size:10pt;">$51,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$32,000</font><font style="font-family:inherit;font-size:10pt;"> in interest expense and real estate taxes, respectively, were capitalized. </font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accrued rents and accounts receivable, net consists of amounts accrued, billed and due from tenants, allowance for doubtful accounts and other receivables as follows (in thousands):</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td width="72%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="10%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June&#160;30, 2015</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tenant receivables</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,167</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,998</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accrued rents and other recoveries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,156</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,800</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Allowance for doubtful accounts</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,493</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,964</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,830</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,834</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Debt consisted of the following as of the dates indicated (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td width="73%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="10%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June&#160;30, 2015</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fixed rate notes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$10.5 million, LIBOR plus 2.00% Note, due September 24, 2018</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#160;(1)</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,340</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,460</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$50.0 million, 0.84% plus 1.75% to 2.50% Note, due February 17, 2017 </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$37.0 million 3.76% Note, due December 1, 2020</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35,623</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36,090</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$6.5 million 3.80% Note, due January 1, 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,273</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,355</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$19.0 million 4.15% Note, due December 1, 2024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$20.2 million 4.28% Note, due June 6, 2023</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,200</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,200</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$14.0 million 4.34% Note, due September 11, 2024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$14.3 million 4.34% Note, due September 11, 2024</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,300</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,300</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$16.5 million 4.97% Note, due September 26, 2023</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,450</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,450</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$15.1 million 4.99% Note, due January 6, 2024</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,060</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,060</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$9.2 million, Prime Rate less 2.00%, due December 29, 2017</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#160;(3)</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,887</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,888</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$2.6 million 5.46% Note, due October 1, 2023</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,568</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,583</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$11.1 million 5.87% Note, due August 6, 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,457</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,607</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$0.9 million 2.97% Note, due November 28, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">529</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Floating rate notes</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unsecured line of credit, LIBOR plus 1.40% to 1.95%, due November 7, 2018 </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">129,600</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">120,100</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$50.0 million, LIBOR plus 1.35% to 1.90% Note, due November 7, 2019</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,000</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,000</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">403,287</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">394,093</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup>&#160;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Promissory note includes an interest rate swap that fixed the interest rate at </font><font style="font-family:inherit;font-size:10pt;">3.55%</font><font style="font-family:inherit;font-size:10pt;"> for the duration of the term.</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup>&#160;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Promissory note includes an interest rate swap that fixed the </font><font style="font-family:inherit;font-size:10pt;">LIBOR</font><font style="font-family:inherit;font-size:10pt;"> portion of our </font><font style="font-family:inherit;font-size:10pt;">$50 million</font><font style="font-family:inherit;font-size:10pt;"> term loan under our previous unsecured revolving credit facility at </font><font style="font-family:inherit;font-size:10pt;">0.84%</font><font style="font-family:inherit;font-size:10pt;">. </font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(3)</sup>&#160;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Promissory note includes an interest rate swap that fixed the interest rate at </font><font style="font-family:inherit;font-size:10pt;">5.72%</font><font style="font-family:inherit;font-size:10pt;"> for the duration of the term. As part of our acquisition of Paradise Plaza in August 2012, we recorded a discount on the note of </font><font style="font-family:inherit;font-size:10pt;">$1.3 million</font><font style="font-family:inherit;font-size:10pt;">, which amortizes into interest expense over the life of the loan and results in an imputed interest rate of </font><font style="font-family:inherit;font-size:10pt;">4.13%</font><font style="font-family:inherit;font-size:10pt;">.</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The operating results for properties classified as discontinued operations consists of the following (in thousands):</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td width="55%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="2%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2014</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property revenues</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">412</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">824</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property expenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">175</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">344</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation and amortization</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">74</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">153</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Provision for income taxes</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Loss (gain) on sale or disposal of assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Income (loss) from discontinued operations</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(33</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(41</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">266</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td width="55%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="2%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended June 30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">(in thousands, except per share data)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Numerator:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income from continuing operations</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,593</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,134</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,222</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,446</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: Net income attributable to noncontrolling interests</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(26</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(24</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(54</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(81</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Distributions paid on unvested restricted shares</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(163</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(54</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(270</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(73</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,404</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,056</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,898</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,292</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income (loss) from discontinued operations</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(33</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(41</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">266</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: Net (income) loss attributable to noncontrolling interests</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income (loss) from discontinued operations attributable to Whitestone REIT</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(33</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">143</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(40</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">260</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,371</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,199</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,858</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,552</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Denominator:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average number of common shares - basic</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,869</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,235</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,724</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,030</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Effect of dilutive securities:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unvested restricted shares</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">532</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">208</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">590</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">162</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average number of common shares - dilutive</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,401</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,443</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,314</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,192</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Earnings Per Share:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Basic:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.06</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.05</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.13</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.15</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income from discontinued operations attributable to Whitestone REIT</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.00</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.00</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.00</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.01</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.06</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.05</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.13</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.16</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Diluted:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.06</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.05</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.12</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.15</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income from discontinued operations attributable to Whitestone REIT</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.00</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.00</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.00</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.01</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.06</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.05</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.12</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.16</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A summary of our interest rate swap activity is as follows (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="11" rowspan="1"></td></tr><tr><td width="37%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="18%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="20%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="18%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amount Recognized as Comprehensive Income (Loss)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Location of Loss Recognized in Earnings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amount of Loss Recognized in Earnings </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Three months ended June 30, 2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest expense</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(203</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Three months ended June 30, 2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(259</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(192</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Six months ended June 30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(276</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(410</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Six months ended June 30, 2014</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(297</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest expense</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(382</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup>&#160;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We did not recognize any ineffective portion of our interest rate swaps in earnings for the three and </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2014</font><font style="font-family:inherit;font-size:10pt;">.</font></div></td></tr></table></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair value of our interest rate swaps is as follows (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td width="52%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="23%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="21%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Balance Sheet Location</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Estimated Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest rate swaps:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">June 30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts payable and accrued expenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,116</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December 31, 2014</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts payable and accrued expenses</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Scheduled maturities of our outstanding debt as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> were as follows (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td width="79%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="18%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Year</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amount Due</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,549</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,269</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,212</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">141,736</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58,049</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">128,472</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">403,287</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A summary of our non-vested and vested shares activity for the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and years ended December 31, 2014, 2013, 2012 and 2011 is presented below:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="15" rowspan="1"></td></tr><tr><td width="36%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="14%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="13%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="14%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="13%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares Granted</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares Vested</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Non-Vested Shares Issued</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted Average Grant-Date Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Vested Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Vest-Date Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Six Months Ended June 30, 2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">267,280</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13.65</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(192,844</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,791</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Year Ended December 31, 2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,058,930</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14.40</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(133,774</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,721</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Year Ended December 31, 2013</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">328,005</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15.43</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15,270</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">224</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Year Ended December 31, 2012</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99,700</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13.03</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(16,208</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">223</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Year Ended December 31, 2011</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(5,169</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A summary of the share-based incentive plan activity as of and for the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> is as follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:98.4375%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td width="66%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="15%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="14%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted Average</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-vested at January 1, 2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,411,068</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14.45</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">267,280</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13.65</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vested</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(192,844</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14.47</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Forfeited</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(71,995</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14.44</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-vested at June 30, 2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,413,509</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14.36</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Available for grant at June 30, 2015</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">970,051</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SEGMENT INFORMATION</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Historically, our management has not differentiated results of operations by property type or location and, therefore, does not present segment information.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Share-Based Compensation.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;From time to time, we award nonvested restricted common share awards or restricted common share unit awards, which may be converted into common shares, to executive officers and employees under our 2008 Long-Term Equity Incentive Ownership Plan (the &#8220;2008 Plan&#8221;).&#160;&#160;The vast majority of the awarded shares and units vest when certain performance conditions are met.&#160;&#160;We recognize compensation expense when achievement of the performance conditions is probable based on management's most recent estimates using the fair value of the shares as of the grant date. We recognized </font><font style="font-family:inherit;font-size:10pt;">$1,669,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1,234,000</font><font style="font-family:inherit;font-size:10pt;"> in share-based compensation for the three months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, respectively, and we recognized </font><font style="font-family:inherit;font-size:10pt;">$3,343,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1,607,000</font><font style="font-family:inherit;font-size:10pt;"> in share-based compensation for the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, respectively</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Basis of Consolidation.&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">We are the sole general partner of the Operating Partnership and possess full legal control and authority over the operations of the Operating Partnership.&#160;&#160;As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">, we owned a majority of the partnership interests in the Operating Partnership.&#160;&#160;Consequently, the accompanying consolidated financial statements include the accounts of the Operating Partnership.&#160;&#160;All significant inter-company balances have been eliminated. Noncontrolling interests in the accompanying consolidated financial statements represents the share of equity and earnings of the Operating Partnership allocable to holders of partnership interests other than us.&#160;&#160;Net income or loss is allocated to noncontrolling interests based on the weighted average percentage ownership of the Operating Partnership during the period.&#160;&#160;Issuance of additional common shares of beneficial interest in </font><font style="font-family:inherit;font-size:10pt;">Whitestone</font><font style="font-family:inherit;font-size:10pt;"> (the &#8220;common shares&#8221;) and units of limited partnership interest in the Operating Partnership that are convertible into cash or, at our option, common shares on a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">one</font><font style="font-family:inherit;font-size:10pt;">-for-one basis (the &#8220;OP units&#8221;) changes the ownership interests of both the noncontrolling interests and </font><font style="font-family:inherit;font-size:10pt;">Whitestone</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Basis of Accounting.&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">Our financial records are maintained on the accrual basis of accounting whereby revenues are recognized when earned and expenses are recorded when incurred.</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates.&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates that we use include the estimated fair values of properties acquired, the estimated useful lives for depreciable and amortizable assets and costs, the estimated allowance for doubtful accounts, the estimated fair value of interest rate swaps and the estimates supporting our impairment analysis for the carrying values of our real estate assets.&#160;&#160;Actual results could differ from those estimates.</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications.&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">We have reclassified certain prior period amounts in the accompanying consolidated financial statements in order to be consistent with the current period presentation.&#160;&#160;These reclassifications had no effect on net income, total assets, total liabilities or equity. </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Marketable Securities.</font><font style="font-family:inherit;font-size:10pt;"> We classify our existing marketable equity securities as available-for-sale in accordance with the Financial Accounting Standards Board's (&#8220;FASB&#8221;) Investments-Debt and Equity Securities guidance. These securities are carried at fair value with unrealized gains and losses reported in equity as a component of accumulated other comprehensive income or loss. The fair value of the marketable securities is determined using Level 1 inputs under FASB Accounting Standards Codification (&#8220;ASC&#8221;) 820, &#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value Measurements and Disclosures.&#8221;</font><font style="font-family:inherit;font-size:10pt;"> Level 1 inputs represent quoted prices available in an active market for identical investments as of the reporting date. Gains and losses on securities sold are based on the specific identification method, and are reported as a component of interest, dividend and other investment income. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Derivative Instruments and Hedging Activities. </font><font style="font-family:inherit;font-size:10pt;">We occasionally utilize derivative financial instruments, principally interest rate swaps, to manage our exposure to fluctuations in interest rates. We have established policies and procedures for risk assessment, and the approval, reporting and monitoring of derivative financial instruments. We recognize our interest rate swaps as cash flow hedges with the effective portion of the changes in fair value recorded in comprehensive income (loss) and subsequently reclassified into earnings in the period that the hedged transaction affects earnings. Any ineffective portion of a cash flow hedges' change in fair value is recorded immediately into earnings. Our cash flow hedges are determined using Level 2 inputs under ASC 820. Level 2 inputs represent quoted prices in active markets for similar assets or liabilities; quoted prices in markets that are not active; and model-derived valuations whose inputs are observable. As of </font><font style="font-family:inherit;font-size:10pt;font-style:normal;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, we consider our cash flow hedges to be highly effective.</font></div><div style="line-height:120%;text-align:left;text-indent:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Development Properties.</font><font style="font-family:inherit;font-size:10pt;"> Land, buildings and improvements are recorded at cost. Expenditures related to the development of real estate are carried at cost which includes capitalized carrying charges and development costs. Carrying charges (interest, real estate taxes, loan fees, and direct and indirect development costs related to buildings under construction), are capitalized as part of construction in progress. The capitalization of such costs ceases when the property, or any completed portion, becomes available for occupancy. For the three months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, approximately </font><font style="font-family:inherit;font-size:10pt;">$32,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$21,000</font><font style="font-family:inherit;font-size:10pt;"> in interest expense and real estate taxes, respectively, were capitalized, and for the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, approximately </font><font style="font-family:inherit;font-size:10pt;">$58,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$37,000</font><font style="font-family:inherit;font-size:10pt;"> in interest expense and real estate taxes, respectively, were capitalized. For the three months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;">, approximately </font><font style="font-family:inherit;font-size:10pt;">$26,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$7,000</font><font style="font-family:inherit;font-size:10pt;"> in interest expense and real estate taxes, respectively, were capitalized, and for the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;">, approximately </font><font style="font-family:inherit;font-size:10pt;">$51,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$32,000</font><font style="font-family:inherit;font-size:10pt;"> in interest expense and real estate taxes, respectively, were capitalized. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Share-Based Compensation.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;From time to time, we award nonvested restricted common share awards or restricted common share unit awards, which may be converted into common shares, to executive officers and employees under our 2008 Long-Term Equity Incentive Ownership Plan (the &#8220;2008 Plan&#8221;).&#160;&#160;The vast majority of the awarded shares and units vest when certain performance conditions are met.&#160;&#160;We recognize compensation expense when achievement of the performance conditions is probable based on management's most recent estimates using the fair value of the shares as of the grant date. We recognized </font><font style="font-family:inherit;font-size:10pt;">$1,669,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1,234,000</font><font style="font-family:inherit;font-size:10pt;"> in share-based compensation for the three months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, respectively, and we recognized </font><font style="font-family:inherit;font-size:10pt;">$3,343,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1,607,000</font><font style="font-family:inherit;font-size:10pt;"> in share-based compensation for the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Noncontrolling Interests.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Noncontrolling interests is the portion of equity in a subsidiary not attributable to a parent.&#160;&#160;The ownership interests not held by the parent are considered noncontrolling interests.&#160;&#160;Accordingly, we have reported noncontrolling interests in equity on the consolidated balance sheets but separate from Whitestone's equity.&#160;&#160;On the consolidated statements of operations, subsidiaries are reported at the consolidated amount, including both the amount attributable to Whitestone and noncontrolling interests.&#160;&#160;The consolidated statement of changes in equity is included for quarterly financial statements, including beginning balances, activity for the period and ending balances for shareholders' equity, noncontrolling interests and total equity.</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">See our Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;"> for further discussion on significant accounting policies.</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recent Accounting Pronouncements</font><font style="font-family:inherit;font-size:10pt;">.&#160;&#160;In April 2014, the FASB issued guidance updating the criteria for reporting the disposal of a component of an entity as a discontinued operation. This guidance was effective for reporting periods beginning on or after December 15, 2014 with early adoption permitted only for disposals that have not been reported in financial statements previously issued or available for issuance. We have adopted the guidance beginning with the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued guidance requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. This guidance is effective retrospectively for reporting periods beginning on or after December 15, 2015 with early adoption permitted only for financial statements that have not been previously issued. We are currently in the process of evaluating the impact of adoption on our consolidated balance sheets.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EQUITY</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">Common Shares</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under our declaration of trust, as amended, we have authority to issue up to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">400,000,000</font><font style="font-family:inherit;font-size:10pt;"> common shares of beneficial interest, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.001</font><font style="font-family:inherit;font-size:10pt;"> par value per share, and up to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">50,000,000</font><font style="font-family:inherit;font-size:10pt;"> preferred shares of beneficial interest, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.001</font><font style="font-family:inherit;font-size:10pt;"> par value per share.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">Equity Offerings</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 26, 2015, we completed the sale of </font><font style="font-family:inherit;font-size:10pt;">3,750,000</font><font style="font-family:inherit;font-size:10pt;"> common shares, </font><font style="font-family:inherit;font-size:10pt;">$0.001</font><font style="font-family:inherit;font-size:10pt;"> par value per share, at a purchase price of </font><font style="font-family:inherit;font-size:10pt;">$13.3386</font><font style="font-family:inherit;font-size:10pt;"> per share. Total net proceeds from the offering, after deducting offering expenses, were approximately </font><font style="font-family:inherit;font-size:10pt;">$49.7 million</font><font style="font-family:inherit;font-size:10pt;">, which we contributed to the Operating Partnership in exchange for OP units. The Operating Partnership used the net proceeds from this offering to repay a portion of our unsecured credit facility and for general corporate purposes. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 19, 2013, we entered into </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> equity distribution agreements for an at-the-market distribution program.&#160;&#160;On August 14, 2013, we entered into a sixth equity distribution agreement on substantially similar terms as the existing equity distribution agreements and amended the existing equity distribution agreements in order to add an additional placement agent (together, the &#8220;2013 equity distribution agreements&#8221;). Pursuant to the terms and conditions of the 2013 equity distribution agreements, we could issue and sell up to an aggregate of </font><font style="font-family:inherit;font-size:10pt;">$50 million</font><font style="font-family:inherit;font-size:10pt;"> of our common shares. Actual sales would depend on a variety of factors to be determined by us from time to time, including (among others) market conditions, the trading price of our common shares, capital needs and our determinations of the appropriate sources of funding for us, and were made in transactions that were deemed to be &#8220;at-the-market&#8221; offerings as defined in Rule 415 under the Securities Act of 1933, as amended. We had no obligation to sell any of our common shares, and could at any time suspend offers under the 2013 equity distribution agreements or terminate the 2013 equity distribution agreements. During the three and </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, we did not sell any common shares under the 2013 equity distribution program. During the three and </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;">, we sold </font><font style="font-family:inherit;font-size:10pt;">377,983</font><font style="font-family:inherit;font-size:10pt;"> common shares under the 2013 equity distribution program, with net proceeds to us of approximately </font><font style="font-family:inherit;font-size:10pt;">$5.3 million</font><font style="font-family:inherit;font-size:10pt;">. In connection with such sales, we paid compensation of </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> to the placement agents.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 4, 2015, we entered into </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> amended and restated equity distribution agreements (the &#8220;2015 equity distribution agreements&#8221;). Pursuant to the terms and conditions of the 2015 equity distribution agreements, we can issue and sell up to an aggregate of </font><font style="font-family:inherit;font-size:10pt;">$50 million</font><font style="font-family:inherit;font-size:10pt;"> of our common shares. Actual sales will depend on a variety of factors to be determined by us from time to time, including (among others) market conditions, the trading price of our common shares, capital needs and our determinations of the appropriate sources of funding for us, and will be made in transactions that will be deemed to be &#8220;at-the-market&#8221; offerings as defined in Rule 415 under the Securities Act of 1933, as amended. We have no obligation to sell any of our common shares, and can at any time suspend offers under the 2015 equity distribution agreements or terminate the 2015 equity distribution agreements. We have not sold any common shares under the 2015 equity distribution agreements.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">Operating Partnership Units</font><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Substantially all of our business is conducted through our Operating Partnership.&#160;&#160;We are the sole general partner of the Operating Partnership.&#160;&#160;As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, we owned a </font><font style="font-family:inherit;font-size:10pt;">98.6%</font><font style="font-family:inherit;font-size:10pt;"> interest in the Operating Partnership.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Limited partners in the Operating Partnership holding OP units have the right to convert their OP units into cash or, at our option, common shares at a ratio of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">one</font><font style="font-family:inherit;font-size:10pt;"> OP unit for </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> common share.&#160;&#160;Distributions to OP unit holders are paid at the same rate per unit as distributions per share to holders of Whitestone common shares.&#160;&#160;As of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">, there were </font><font style="font-family:inherit;font-size:10pt;">27,247,256</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">22,926,599</font><font style="font-family:inherit;font-size:10pt;"> OP units outstanding, respectively.&#160;&#160;We owned </font><font style="font-family:inherit;font-size:10pt;">26,857,448</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">22,528,207</font><font style="font-family:inherit;font-size:10pt;"> OP units as of </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">, respectively. The balance of the OP units is owned by third parties, including certain trustees.&#160;&#160;Our weighted average share ownership in the Operating Partnership was approximately </font><font style="font-family:inherit;font-size:10pt;">98.4%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">97.8%</font><font style="font-family:inherit;font-size:10pt;"> for the three months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, respectively, and </font><font style="font-family:inherit;font-size:10pt;">98.3%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">97.7%</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, respectively. During the three months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">802</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">84,431</font><font style="font-family:inherit;font-size:10pt;"> OP units, respectively, were redeemed for an equal number of c</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">ommon shares, and during the</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">8,584</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">95,834</font><font style="font-family:inherit;font-size:10pt;"> OP units, respectively, were redeemed for an equal number of common shares.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">Distributions</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the cash distributions paid or payable to holders of common shares and to holders of noncontrolling OP units during each quarter during </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;"> and the </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;"> (in thousands, except per share/unit data):</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="21" rowspan="1"></td></tr><tr><td width="40%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="7%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Common Shares</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Noncontrolling OP Unit Holders</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Quarter Paid</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Distributions Per Common Share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Amount Paid</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Distributions Per OP Unit</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Amount Paid</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Amount Paid</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Second Quarter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,601</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">111</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,712</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">First Quarter</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,526</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">113</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,639</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">0.5700</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">13,127</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">0.5700</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">224</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">13,351</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2014</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fourth Quarter</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,484</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">114</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,598</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Third Quarter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,457</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">126</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,583</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Second Quarter</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,367</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">152</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,519</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">First Quarter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,231</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.2850</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">158</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,389</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1.1400</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">25,539</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1.1400</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">550</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">26,089</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SUBSEQUENT EVENTS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On July 2, 2015, we acquired Parkside Village North, a property that meets our Community Centered Property&#8482; strategy, for approximately </font><font style="font-family:inherit;font-size:10pt;">$12.5 million</font><font style="font-family:inherit;font-size:10pt;"> in cash and net prorations. The </font><font style="font-family:inherit;font-size:10pt;">27,045</font><font style="font-family:inherit;font-size:10pt;"> square foot property was </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> leased at the time of purchase and is located in Austin, Texas.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On July 2, 2015, we acquired Parkside Village South, a property that meets our Community Centered Property&#8482; strategy, for approximately </font><font style="font-family:inherit;font-size:10pt;">$32.5 million</font><font style="font-family:inherit;font-size:10pt;"> in cash and net prorations. The </font><font style="font-family:inherit;font-size:10pt;">90,101</font><font style="font-family:inherit;font-size:10pt;"> square foot property was </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> leased at the time of purchase and is located in Austin, Texas.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates.&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates that we use include the estimated fair values of properties acquired, the estimated useful lives for depreciable and amortizable assets and costs, the estimated allowance for doubtful accounts, the estimated fair value of interest rate swaps and the estimates supporting our impairment analysis for the carrying values of our real estate assets.&#160;&#160;Actual results could differ from those estimates.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">GRANTS TO TRUSTEES </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On October 24, 2014, each of our </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;"> independent trustees and </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> trustee emeritus was granted </font><font style="font-family:inherit;font-size:10pt;">1,500</font><font style="font-family:inherit;font-size:10pt;"> common shares, which vested immediately. The </font><font style="font-family:inherit;font-size:10pt;">7,500</font><font style="font-family:inherit;font-size:10pt;"> common shares granted to our trustees had a grant date fair value of </font><font style="font-family:inherit;font-size:10pt;">$14.53</font><font style="font-family:inherit;font-size:10pt;"> per share. On December 9, 2014, </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> of our independent trustees elected to receive a total of </font><font style="font-family:inherit;font-size:10pt;">2,314</font><font style="font-family:inherit;font-size:10pt;"> common shares with a grant date fair value of </font><font style="font-family:inherit;font-size:10pt;">$14.69</font><font style="font-family:inherit;font-size:10pt;"> in lieu of cash for board fees. The fair value of the shares granted were determined using quoted prices available on the date of grant.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">UNAMORTIZED LEASE COMMISSIONS AND LOAN COSTS</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs which have been deferred consist of the following (in thousands):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td width="73%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="10%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June&#160;30, 2015</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December&#160;31, 2014</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease commissions</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,121</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,936</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred financing cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,821</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,785</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total cost</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,942</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,721</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: lease commissions accumulated amortization</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,521</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,373</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: deferred financing cost accumulated amortization</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,070</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(469</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total cost, net of accumulated amortization</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,351</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,879</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> During the six months ended June 30, 2015, the Company acquired common shares held by employees who tendered owned common shares to satisfy the tax withholding on the lapse of certain restrictions on restricted common shares. EX-101.SCH 9 wsr-20150630.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2110100 - Disclosure - Accrued Rents and Accounts Receivable, Net link:presentationLink link:calculationLink link:definitionLink 2410402 - Disclosure - Accrued Rents and Accounts Receivable, Net (Details) link:presentationLink link:calculationLink link:definitionLink 2310301 - Disclosure - Accrued Rents and Accounts Receivable, Net (Tables) link:presentationLink link:calculationLink link:definitionLink 1001000 - Statement - Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 1001501 - Statement - Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 1003000 - Statement - Consolidated Statement of Changes in Equity link:presentationLink link:calculationLink link:definitionLink 1004000 - Statement - Consolidated Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 1002000 - Statement - Consolidated Statements of Operations and Comprehensive Income link:presentationLink link:calculationLink link:definitionLink 2116100 - Disclosure - Debt link:presentationLink link:calculationLink link:definitionLink 2416403 - Disclosure - Debt (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2416402 - Disclosure - Debt (Schedule of Debt) (Details) link:presentationLink link:calculationLink link:definitionLink 2416404 - Disclosure - Debt (Schedule of Maturities of Debt) (Details) link:presentationLink link:calculationLink link:definitionLink 2316301 - Disclosure - Debt (Tables) link:presentationLink link:calculationLink link:definitionLink 2119100 - Disclosure - Derivatives and Hedging Activities link:presentationLink link:calculationLink link:definitionLink 2419402 - Disclosure - Derivatives and Hedging Activities (Details) link:presentationLink link:calculationLink link:definitionLink 2319301 - Disclosure - Derivatives and Hedging Activities (Tables) link:presentationLink link:calculationLink link:definitionLink 0001000 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 2122100 - Disclosure - Earnings (Loss) Per Share link:presentationLink link:calculationLink link:definitionLink 2422402 - Disclosure - Earnings (Loss) Per Share (Details) link:presentationLink link:calculationLink link:definitionLink 2322301 - Disclosure - Earnings (Loss) Per Share (Tables) link:presentationLink link:calculationLink link:definitionLink 2128100 - Disclosure - Equity link:presentationLink link:calculationLink link:definitionLink 2428402 - Disclosure - Equity (Details) link:presentationLink link:calculationLink link:definitionLink 2328301 - Disclosure - Equity (Tables) link:presentationLink link:calculationLink link:definitionLink 2134100 - Disclosure - Grants to Trustees link:presentationLink link:calculationLink link:definitionLink 2434401 - Disclosure - Grants to Trustees (Details) link:presentationLink link:calculationLink link:definitionLink 2131100 - Disclosure - Incentive Share Plan link:presentationLink link:calculationLink link:definitionLink 2431402 - Disclosure - Incentive Share Plan (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 2431404 - Disclosure - Incentive Share Plan (Schedule of Nonvested and Vested Shares Activity) (Details) link:presentationLink link:calculationLink link:definitionLink 2431403 - Disclosure - Incentive Share Plan (Schedule of Share-Based Incentive Plan Activity) (Details) link:presentationLink link:calculationLink link:definitionLink 2331301 - Disclosure - Incentive Share Plan (Tables) link:presentationLink link:calculationLink link:definitionLink 2125100 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 2425401 - Disclosure - Income Taxes (Details) link:presentationLink link:calculationLink link:definitionLink 2101100 - Disclosure - Interim Financial Statements link:presentationLink link:calculationLink link:definitionLink 2401401 - Disclosure - Interim Financial Statements (Details) link:presentationLink link:calculationLink link:definitionLink 2107100 - Disclosure - Marketable Securities link:presentationLink link:calculationLink link:definitionLink 2407402 - Disclosure - Marketable Securities (Details) link:presentationLink link:calculationLink link:definitionLink 2307301 - Disclosure - Marketable Securities (Tables) link:presentationLink link:calculationLink link:definitionLink 2140100 - Disclosure - Real Estate link:presentationLink link:calculationLink link:definitionLink 2340301 - Disclosure - Real Estate d (Tables) link:presentationLink link:calculationLink link:definitionLink 2440402 - Disclosure - Real Estate (Details) link:presentationLink link:calculationLink link:definitionLink 2137100 - Disclosure - Segment Information link:presentationLink link:calculationLink link:definitionLink 2441401 - Disclosure - Subsequent Events (Details) link:presentationLink link:calculationLink link:definitionLink 2141100 - Disclosure - Subsequent Events (Notes) link:presentationLink link:calculationLink link:definitionLink 2104100 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 2404402 - Disclosure - Summary of Significant Accounting Policies (Details) link:presentationLink link:calculationLink link:definitionLink 2204201 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 2113100 - Disclosure - Unamortized Leasing Commissions and Loan Costs link:presentationLink link:calculationLink link:definitionLink 2413402 - Disclosure - Unamortized Leasing Commissions and Loan Costs (Details) link:presentationLink link:calculationLink link:definitionLink 2313301 - Disclosure - Unamortized Leasing Commissions and Loan Costs (Tables) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 10 wsr-20150630_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 11 wsr-20150630_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 12 wsr-20150630_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Disclosure of Compensation Related Costs, Share-based Payments [Abstract] Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Plan Name [Axis] Plan Name [Axis] Plan Name [Domain] Plan Name [Domain] 2008 Long-Term Equity Incentive Ownership Plan [Member] Long-Term Equity Incentive Ownership Plan 2008 [Member] Long-Term Equity Incentive Ownership Plan 2008 [Member] Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] Shares, Non-vested (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number Weighted-Average Grant Date Fair Value, Non-vested (in dollars per share) Share-based Compensation Arrangement by Share-based Payment Award, Options, Non-Vested Outstanding, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Options, Non-Vested Outstanding, Weighted Average Grant Date Fair Value Shares, Granted (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross Weighted-Average Grant Date Fair Value, Granted (in dollars per share) Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value Shares, Vested (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period Weighted-Average Grant Date Fair Value, Vested (in dollars per share) Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Weighted Average Grant Date Fair Value Shares, Forfeited (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period Weighted-Average Grant Date Fair Value, Forfeited (in dollars per share) Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeited in Period, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeited in Period, Weighted Average Grant Date Fair Value Shares, Non-vested (in shares) Weighted-Average Grant Date Fair Value, Non-vested (in dollars per share) Shares, Available for grant (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant Derivative Instruments and Hedging Activities Disclosure [Abstract] Derivatives and Hedging Activities Derivative Instruments and Hedging Activities Disclosure [Text Block] Income Tax Disclosure [Abstract] Income Tax Contingency [Table] Income Tax Contingency [Table] Income Tax Authority [Axis] Income Tax Authority [Axis] Income Tax Authority [Domain] Income Tax Authority [Domain] Texas [Member] TEXAS Income Tax Contingency [Line Items] Income Tax Contingency [Line Items] Applicable tax rate used to determine state margin tax Applicable Tax Rate Used to Determine State Margin Tax Applicable Tax Rate Used to Determine State Margin Tax Standard deduction rate used to determine state margin tax Standard Deduction Rate Used to Determine State Margin Tax Standard Deduction Rate Used to Determine State Margin Tax Margin tax provision recognized Margin Tax Provision Recognized Margin Tax Provision Recognized Subsequent Events [Abstract] Subsequent Events Subsequent Events [Text Block] Grants to Trustees [Abstract] Grants to Trustees [Abstract] Individual Trustee Grant Agreements [Member] Individual Trustee Grant Agreements [Member] Individual Trustee Grant Agreements [Member] Class of Stock [Axis] Class of Stock [Axis] Class of Stock [Domain] Class of Stock [Domain] Common Stock [Member] Common Stock [Member] Number of independent trustees (in trustees) Number of Independent Trustees Number of Independent Trustees Number of trustee emeritus (in trustees) Number of Trustee Emeritus Number of Trustee Emeritus Restricted stock granted to each trustee (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period Restricted stock granted to trustees, vested in period (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period Restricted stock granted to trustees, weighted-average grant date fair value (in dollars per share) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value Stockholders' Equity Note [Abstract] Schedule of Distributions Distributions Made to Limited Partner, by Distribution [Table Text Block] Accounting Policies [Abstract] Conversion basis for common shares to OP units Conversion Basis for Common Shares to OP Units Conversion Basis for Common Shares to OP Units Interest expense capitalized Interest Costs Capitalized Real estate tax capitalized Real Estate Taxes, Capitalized Real Estate Taxes, Capitalized Share-based compensation Allocated Share-based Compensation Expense Basis of Consolidation Consolidation, Policy [Policy Text Block] Basis of Accounting Basis of Accounting, Policy [Policy Text Block] Use of Estimates Use of Estimates, Policy [Policy Text Block] Reclassifications Reclassification, Policy [Policy Text Block] Marketable Securities Marketable Securities, Policy [Policy Text Block] Derivative Instruments and Hedging Activities Derivatives, Policy [Policy Text Block] Development Properties Real Estate Held for Development and Sale, Policy [Policy Text Block] Share-Based Compensation Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] Noncontrolling Interests Equity Method Investments, Policy [Policy Text Block] Recent Accounting Pronouncements New Accounting Pronouncements, Policy [Policy Text Block] Segment Reporting [Abstract] Segment Information Segment Reporting Disclosure [Text Block] Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] Lease commissions Deferred Costs, Leasing, Gross Deferred financing cost Deferred Finance Costs, Gross Total cost Unamortized Lease Commissions and Loan Costs, Gross Unamortized Lease Commissions and Loan Costs, Gross Less: lease commissions accumulated amortization Deferred Costs, Leasing, Accumulated Amortization Less: deferred financing cost accumulated amortization Accumulated Amortization, Deferred Finance Costs Total cost, net of accumulated amortization Unamortized Lease Commissions and Loan Costs, Net For an unclassified balance sheet, this element represents unamortized lease commissions and loan costs. Unamortized lease commissions are the carrying amount (net of accumulated amortization) as of the balance sheet date of commission costs incurred by the lessor to originate a lease with independent third parties and the lessor's leasing agents that would not have been incurred had that leasing transaction not occurred. Unamortized lease commissions are charged against earnings over the life of the lease. Unamortized loan costs are the carrying amount (net of accumulated amortization) as of the balance sheet date of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings over the life of the debt instruments to which such costs pertain. Earnings Per Share [Abstract] Earnings Per Share Earnings Per Share [Text Block] Receivables [Abstract] Tenant receivables Tenant Receivables Tenant Receivables Accrued rents and other recoveries Accrued Rent and Other Recoveries Accrued Rent and Other Recoveries Allowance for doubtful accounts Allowance for Doubtful Accounts Receivable Total Accounts Receivable, Net Organization, Consolidation and Presentation of Financial Statements [Abstract] Schedule of Real Estate Properties [Table] Schedule of Real Estate Properties [Table] Real Estate Property Ownership [Axis] Real Estate Property Ownership [Axis] Real Estate Properties [Domain] Real Estate Properties [Domain] Wholly Owned Properties [Member] Wholly Owned Properties [Member] Real Estate Properties [Line Items] Real Estate Properties [Line Items] Reorganization and conversion, number of common shares (in shares) Reorganization and Conversion, Number of Common Shares Reorganization and Conversion, Number of Common Shares Number of commercial properties (in commercial properties) Number of Real Estate Properties Interim Financial Statements Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] Schedule of Stock by Class [Table] Schedule of Stock by Class [Table] Distribution Type [Axis] Distribution Type [Axis] Distribution Type [Domain] Distribution Type [Domain] Cash Distribution [Member] Cash Distribution [Member] Preferred Stock [Member] Preferred Stock [Member] OP Units [Member] OP Units [Member] OP Units [Member] Equity Components [Axis] Equity Components [Axis] Equity Component [Domain] Equity Component [Domain] ATM Program [Member] ATM Program [Member] ATM Program [Member] Class of Stock [Line Items] Class of Stock [Line Items] Common shares, authorized (in shares) Common Stock, Shares Authorized Common shares, par value per share (in dollars per share) Common Stock, Par or Stated Value Per Share Preferred shares, shares authorized (in shares) Preferred Stock, Shares Authorized Preferred shares, par value per share (in dollars per share) Preferred Stock, Par or Stated Value Per Share Common shares, issued (in shares) Common Stock, Shares, Issued Share price (in dollars per share) Share Price Proceeds from issuance of common shares, net of offering costs Proceeds from Issuance of Common Stock Stock issued (in shares) Development Stage Entities, Stock Issued, Shares, Issued for Cash Proceeds from issuance of equity Proceeds from Issuance or Sale of Equity Payments of exchange offer costs Payments of Stock Issuance Costs Equity distribution agreements, authorized amount Equity Distribution Agreements, Authorized Amount Equity Distribution Agreements, Authorized Amount Number of equity distribution agreements Number of Equity Distribution Agreements Number of Equity Distribution Agreements Ownership interest in operating partnership Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest Conversion basis for common shares to OP units Conversion Ratio for Classa Common Stock to OP Unit Conversion Ratio for Classa Common Stock to OP Unit OP units outstanding (in shares) Units of Partnership Interest, Amount OP units owned (in shares) General Partners' Capital Account, Units Outstanding Weighted-average share ownership in operating partnership Weighted-Average Share Ownership in Operating Partnership Weighted-Average Share Ownership in Operating Partnership Cash distribution paid (in dollars per share) Distribution Made to Limited Partner, Distributions Paid, Per Unit Cash distribution paid Distribution Made to Limited Partner, Cash Distributions Paid Conversion of stock, shares converted (in shares) Conversion of Stock, Shares Converted Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table] Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table] Restricted Stock [Member] Antidilutive Securities [Axis] Antidilutive Securities [Axis] Antidilutive Securities, Name [Domain] Antidilutive Securities, Name [Domain] Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] OP units excluded from diluted earnings per share because their effect would be anti-dilutive Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Distributions to holders of certain restricted common shares Dividends, Share-based Compensation Distributions to holders of certain restricted common shares charged against earnings Numerator: Numerator: [Abstract] Numerator: [Abstract] Income from continuing operations Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest Less: Net income attributable to noncontrolling interests Income (Loss) from Continuing Operations Attributable to Noncontrolling Interest Distributions paid on unvested restricted shares Distributions Paid on Unvested Restricted Shares Distributions Paid on Unvested Restricted Shares Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares Net Income (Loss) from Continuing Operations Attributable to Parent Excluding Amounts Attributable to Unvested Restricted Shares Net Income (Loss) from Continuing Operations Attributable to Parent Excluding Amounts Attributable to Unvested Restricted Shares Income (loss) from discontinued operations Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest Less: Net (income) loss attributable to noncontrolling interests Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest Income (loss) from discontinued operations attributable to Whitestone REIT Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares Net Income Attributable to Common Shareholders Excluding Amounts Attributable to Unvested Restricted Shares Net Income Attributable to Common Shareholders Excluding Amounts Attributable to Unvested Restricted Shares Denominator: Denominator: [Abstract] Denominator: [Abstract] Weighted average number of common shares - basic (in shares) Weighted Average Number of Shares Outstanding, Basic Effect of dilutive securities: Dilutive Securities, Effect on Basic Earnings Per Share [Abstract] Unvested restricted shares (in shares) Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements Weighted average number of common shares - dilutive (in shares) Weighted Average Number of Shares Outstanding, Diluted Earnings Per Share: Earnings Per Share, Basic and Diluted [Abstract] Basic: Earnings Per Share, Basic [Abstract] Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares (in dollars per share) Income (Loss) from Continuing Operations, Per Basic Share Income from discontinued operations attributable to Whitestone REIT (in dollars per share) Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares (in dollars per share) Earnings Per Share, Basic Diluted: Earnings Per Share, Diluted [Abstract] Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares (in dollars per share) Income (Loss) from Continuing Operations, Per Diluted Share Income from discontinued operations attributable to Whitestone REIT (in dollars per share) Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares (in dollars per share) Earnings Per Share, Diluted Employee Incentive Share Plan Disclosure of Compensation Related Costs, Share-based Payments [Text Block] Schedule of Unamortized Leasing Comissions and Loan Costs Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block] Document and Entity Information [Abstract] Document and Entity Information [Abstract] Entity Registrant Name Entity Registrant Name Entity Central Index Key Entity Central Index Key Current Fiscal Year End Date Current Fiscal Year End Date Entity Filer Category Entity Filer Category Document Type Document Type Document Period End Date Document Period End Date Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Amendment Flag Amendment Flag Entity Common Stock, Shares Outstanding Entity Common Stock, Shares Outstanding Investments, Debt and Equity Securities [Abstract] Schedule of Available-for-sale Securities [Table] Schedule of Available-for-sale Securities [Table] Major Types of Debt and Equity Securities [Axis] Major Types of Debt and Equity Securities [Axis] Major Types of Debt and Equity Securities [Domain] Major Types of Debt and Equity Securities [Domain] Real Estate Common Stock [Member] Real Estate Common Stock [Member] Real Estate Common Stock [Member] Schedule of Available-for-sale Securities [Line Items] Schedule of Available-for-sale Securities [Line Items] Amortized Cost Available-for-sale Securities, Amortized Cost Basis Gains in Accumulated Other Comprehensive Income Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax Losses in Accumulated Other Comprehensive Income Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax Estimated Fair Value Available-for-sale Securities Proceeds from sales of marketable securities Proceeds from Sale of Available-for-sale Securities Gross realized gains on available-for-sale securities Available-for-sale Securities, Gross Realized Gains Net unrealized holding loss on available-for-sale securities Available-for-sale Equity Securities, Gross Unrealized Loss Debt Disclosure [Abstract] Schedule of Long-term Debt Instruments [Table] Schedule of Long-term Debt Instruments [Table] Long-term Debt, Type [Axis] Long-term Debt, Type [Axis] Long-term Debt, Type [Domain] Long-term Debt, Type [Domain] Fixed rate notes Fixed Rate Notes [Member] Fixed Rate Notes [Member] Floating rate notes Floating Rate Notes [Member] Floating Rate Notes [Member] Interest rate swap Interest Rate Swap [Member] Term loan Term Loan [Member] Term Loan [Member] Debt Instrument [Axis] Debt Instrument [Axis] Debt Instrument, Name [Domain] Debt Instrument, Name [Domain] $10.5 million, LIBOR plus 2.00% Note, due September 24, 2018 LIBOR Plus Two Point Zero Zero Percent Note Due 2018 [Member] LIBOR Plus Two Point Zero Zero Percent Note Due 2018 [Member] $50.0 million, 0.84% plus 1.75% to 2.50% Note, due February 17, 2017 Zero Point Eight Four Percent Plus One Point Three Five Percent to One Point Nine Zero Percent Note Due 2017 [Member] Zero Point Eight Four Percent Plus One Point Three Five Percent to One Point Nine Zero Percent Note Due 2017 [Member] $37.0 million 3.76% Note, due December 1, 2020 Three Point Seven Six Percent Note Due 2020 [Member] Three Point Seven Six Percent Note Due 2020 [Member] $6.5 million 3.80% Note, due January 1, 2019 Three Point Eight Zero Percent Note Due 2019 [Member] Three Point Eight Zero Percent Note Due 2019 [Member] $19.0 million 4.15% Note, due December 1, 2024 Four Point One Five Percent Note Due 2024 [Member] Four Point One Five Percent Note Due 2024 [Member] $20.2 million 4.28% Note, due June 6, 2023 Four Point Two Eight Percent Note Due 2023 [Member] Four Point Two Eight Percent Note Due 2023 [Member] $14.0 million 4.34% Note, due September 11, 2024 Four Point Three Four Percent Note Due September 2024 1 [Member] Four Point Three Four Percent Note Due September 2024 1 [Member] $14.3 million 4.34% Note, due September 11, 2024 Four Point Three Four Percent Note Due September 2024 2 [Member] Four Point Three Four Percent Note Due September 2024 2 [Member] $16.5 million 4.97% Note, due September 26, 2023 Four Point Nine Seven Percent Note Due 2023 [Member] Four Point Nine Seven Percent Note Due 2023 [Member] $15.1 million 4.99% Note, due January 6, 2024 Four Point Nine Nine Percent Note Due 2024 [Member] Four Point Nine Nine Percent Note Due 2024 [Member] $9.2 million, Prime Rate less 2.00%, due December 29, 2017 Prime Rate Less Two Point Zero Zero Percent Due 2017 [Member] Prime Rate Less Two Point Zero Zero Percent Due 2017 [Member] $2.6 million 5.46% Note, due October 1, 2023 Five Point Four Six Percent Note Due 2023 [Member] Five Point Four Six Percent Note Due 2023 [Member] $11.1 million 5.87% Note, due August 6, 2016 Five Point Eight Seven Percent Note Due 2016 [Member] Five Point Eight Seven Percent Note Due 2016 [Member] $0.9 million 2.97% Note, due November 28, 2015 Two Point Nine Seven Percent Notes Due 2015 [Member] Two Point Nine Seven Percent Notes Due 2015 Unsecured line of credit, LIBOR plus 1.40% to 1.95%, due November 7, 2018 LIBOR Plus One Point Four Zero Percent to One Point Nine Five Percent Unsecured Line of Credit Due 2018 [Member] LIBOR Plus One Point Four Zero Percent to One Point Nine Five Percent Unsecured Line of Credit Due 2018 [Member] $50.0 million, LIBOR plus 1.35% to 1.90% Note, due November 7, 2019 LIBOR Plus One Point Three Five Percent to One Point Nine Zero Percent Note Due 2019 [Member] LIBOR Plus One Point Three Five Percent to One Point Nine Zero Percent Note Due 2019 [Member] Range [Axis] Range [Axis] Range [Domain] Range [Domain] Minimum Minimum [Member] Maximum Maximum [Member] Variable Rate [Axis] Variable Rate [Axis] Variable Rate [Domain] Variable Rate [Domain] Prime Rate Prime Rate [Member] LIBOR Rate [Member] London Interbank Offered Rate (LIBOR) [Member] Debt Instrument [Line Items] Debt Instrument [Line Items] Notes payable Notes Payable Stated interest rate Debt Instrument, Interest Rate, Stated Percentage Face amount of debt Debt Instrument, Face Amount Basis spread on variable rate Debt Instrument, Basis Spread on Variable Rate Unamortized discount Debt Instrument, Unamortized Discount Imputed interest rate Debt Instrument, Imputed Interest Rate Debt Instrument, Imputed Interest Rate Income Taxes Income Tax Disclosure [Text Block] Schedule of activity and fair value of interest rate swaps Schedule of Interest Rate Derivatives [Table Text Block] Schedule of Share-Based Incentive Plan Activity Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] Schedule of Nonvested and Vested Shares Activity Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block] Debt Disclosure Debt Disclosure [Text Block] Derivative [Table] Derivative [Table] Derivative, by Nature [Axis] Derivative, by Nature [Axis] Derivative, Name [Domain] Derivative, Name [Domain] Interest Rate Swaps [Member] Swap [Member] Balance Sheet Location [Axis] Balance Sheet Location [Axis] Balance Sheet Location [Domain] Balance Sheet Location [Domain] Accounts Payable and Accrued Expenses [Member] Accounts Payable and Accrued Expenses [Member] Accounts Payable and Accrued Expenses [Member] Income Statement Location [Axis] Income Statement Location [Axis] Income Statement Location [Domain] Income Statement Location [Domain] Interest Expense [Member] Interest Expense [Member] Derivative [Line Items] Derivative [Line Items] Estimated Fair Value Interest Rate Derivative Liabilities, at Fair Value Amount Recognized as Comprehensive Income (Loss) Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net Amount of Gain (Loss) Recognized in Earnings Derivative, Gain (Loss) on Derivative, Net Subsequent Event [Table] Subsequent Event [Table] Property Acquisitions and Dispositions, Name [Axis] Property Acquisitions and Dispositions, Name [Axis] Property Acquisitions and Dispositions, Name [Axis] Property Acquisitions and Dispositions, Name [Domain] Property Acquisitions and Dispositions, Name [Domain] Property Acquisitions and Dispositions, Name [Domain] Parkside Village North [Member] Parkside Village North [Member] Parkside Village North [Member] Parkside Village South [Member] Parkside Village South [Member] Parkside Village South [Member] Subsequent Event Type [Axis] Subsequent Event Type [Axis] Subsequent Event Type [Domain] Subsequent Event Type [Domain] Subsequent Event [Member] Subsequent Event [Member] Subsequent Event [Line Items] Subsequent Event [Line Items] Payments to acquire property Payments to Acquire Real Estate Gross leasable area (in square feet) Net Rentable Area Property percentage occupied Property Percentage Occupied Property Percentage Occupied Income Statement [Abstract] Property revenues Real Estate Revenue, Net [Abstract] Rental revenues Operating Leases, Income Statement, Minimum Lease Revenue Other revenues Tenant Reimbursement and Other Revenue Tenant Reimbursement and Other Revenue Includes tenant reimbursements in accordance with the provisions of their lease agreement, this element represents allowable charges due a landlord from its tenant. In retail store and office building leases, for example, tenant reimbursements may cover items such as taxes, utilities, and common area expenses. Also includes other real estate revenue not otherwise specified in the taxonomy. Total property revenues Real Estate Revenue, Net Property expenses Operating Expenses [Abstract] Property operation and maintenance Cost of Property Repairs and Maintenance Real estate taxes Real Estate Tax Expense Total property expenses Operating Costs and Expenses Other expenses (income) Operating Costs and Expenses [Abstract] General and administrative General and Administrative Expense Depreciation and amortization Other Depreciation and Amortization Interest expense Interest Expense Interest, dividend and other investment income Investment Income, Interest and Dividend Total other expense Total other expense Total other expense Total general and administrative expense, depreciation and amortization expense, interest expense and interest, dividend and other investment income, net. Income from continuing operations before gain (loss) on sale or disposal of assets and income taxes Income from continuing operations before loss on disposal of assets and income taxes The sum of total property revenues, total property expenses and total other expense. Provision for income taxes Income Tax Expense (Benefit) Gain (loss) on sale or disposal of assets Gain (Loss) on Disposition of Other Assets Income from continuing operations Income (Loss) from Continuing Operations Attributable to Parent Net income Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Less: Net income attributable to noncontrolling interests Net Income (Loss) Attributable to Noncontrolling Interest Net income attributable to Whitestone REIT Net Income (Loss) Attributable to Parent Basic Earnings Per Share: Diluted Earnings Per Share: Weighted average number of common shares outstanding: Weighted Average Number of Shares Outstanding Reconciliation [Abstract] Basic (in shares) Diluted (in shares) Distributions declared per common share / OP unit (in dollars per share) Common Stock, Dividends, Per Share, Declared Consolidated Statements of Comprehensive Income Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] Other comprehensive gain (loss) Other Comprehensive Income (Loss), Net of Tax [Abstract] Unrealized gain (loss) on cash flow hedging activities Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax Unrealized gain (loss) on available-for-sale marketable securities Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax Comprehensive income Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest Less: Comprehensive income attributable to noncontrolling interests Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest Comprehensive income attributable to Whitestone REIT Comprehensive Income (Loss), Net of Tax, Attributable to Parent Award Type [Axis] Award Type [Axis] Award Type [Domain] Equity Award [Domain] Restricted Common Shares and Restricted Share Units [Member] Restricted Common Shares and Restricted Share Units [Member] Restricted Common Shares and Restricted Share Units [Member] Performance Shares [Member] Performance Shares [Member] Non-Vested Time Based Shares [Member] Non-Vested Time Based Shares [Member] Non-Vested Time Based Shares [Member] Non-Cash Share Based Compensation in 2014 [Member] Non-Cash Share Based Compensation in 2014 [Member] Non-Cash Share Based Compensation in 2014 [Member] Non-Cash Share Based Compensation Subsequent to 2014 [Member] Non-Cash Share Based Compensation Subsequent to 2014 [Member] Non-Cash Share Based Compensation Subsequent to 2014 [Member] Vesting [Axis] Vesting [Axis] Vesting [Domain] Vesting [Domain] Time and Performance-Based Vesting [Member] Time and Performance-Based Vesting [Member] Time and Performance-Based Vesting [Member] Time-Based Vesting [Member] Time-Based Vesting [Member] Time-Based Vesting [Member] Performance Vesting [Member] Performance Vesting [Member] Performance Vesting [Member] Percentage of maximum number of shares issued under plan to aggregate shares Percentage of Maximum Number of Shares Issued Under Plan to Aggregate Shares Percentage of Maximum Number of Shares Issued Under Plan to Aggregate Shares Number of employees granted an award Number of Employees Granted an Award Number of Employees Granted an Award Aggregate shares granted (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted Vesting percentage Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vesting Percentage Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vesting Percentage Unrecognized compensation cost Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized Award vesting period Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period Unrecognized compensation cost, period for recognition Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition Schedule of Earnings Per Share Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Accrued Rent and Accounts Receivable, Net Loans, Notes, Trade and Other Receivables Disclosure [Text Block] Revolving credit facility Revolving Credit Facility [Member] Existing term loan Existing Term Loan [Member] Existing Term Loan [Member] Village Square at Dana Park Note [Member] Village Square at Dana Park Note [Member] Village Square at Dana Park Note [Member] Headquarters Note [Member] Headquarters Note [Member] Headquarters Note [Member] Unsecured line of credit, LIBOR plus 1.40% to 1.95%, due November 7, 2018 LIBOR Plus One Point Seven Five Percent to Two Point Five Zero Percent Unsecured Line of Credit Due 2017 [Member] [Member] LIBOR Plus One Point Seven Five Percent to Two Point Five Zero Percent Unsecured Line of Credit Due 2017 [Member] [Member] Pecos Note [Member] Pecos Note [Member] Pecos Note [Member] Starwood Note [Member] Starwood Note [Member] Starwood Note [Member] Secured debt Secured Debt Number of collateralized properties (in collateralized properties) Number of Collateralized Properties Number of Collateralized Properties Carrying value of collateralized properties Carrying Value of Collateralized Properties Carrying Value of Collateralized Properties Credit facility, maximum borrowing capacity Line of Credit Facility, Maximum Borrowing Capacity Credit facility, expanded maximum borrowing capacity Line of Credit Facility, Expanded Maximum Borrowing Capacity Line of Credit Facility, Expanded Maximum Borrowing Capacity Line of credit outstanding Long-term Line of Credit Credit facility, remaining borrowing capacity Line of Credit Facility, Remaining Borrowing Capacity Real Estate [Abstract] Real Estate [Table] Real Estate [Table] Real Estate [Table] Davenport Village [Member] Davenport Village [Member] Davenport Village [Member] City View Village [Member] City View Village [Member] City View Village [Member] Village Square at Dana Park Hard Corner [Member] Village Square at Dana Park Hard Corner [Member] Village Square at Dana Park Hard Corner [Member] The Shops at Williams Trace [Member] The Shops at Williams Trace [Member] The Shops at Williams Trace [Member] Williams Trace Plaza [Member] Williams Trace Plaza [Member] Williams Trace Plaza [Member] Fulton Ranch Towne Center Adjacent Parcel [Member] Fulton Ranch Towne Center Adjacent Parcel [Member] Fulton Ranch Towne Center Adjacent Parcel [Member] Fulton Ranch Towne Center [Member] Fulton Ranch Towne Center [Member] Fulton Ranch Towne Center [Member] The Promenade at Fulton Ranch [Member] The Promenade at Fulton Ranch [Member] The Promenade at Fulton Ranch [Member] The Strand at Huebner Oaks [Member] The Strand at Huebner Oaks [Member] The Strand at Huebner Oaks [Member] Heritage Trace Plaza [Member] Heritage Trace Plaza [Member] Heritage Trace Plaza [Member] Zeta, Royal Crest and Featherwood [Member] Zeta, Royal Crest and Featherwood [Member] Zeta, Royal Crest and Featherwood [Member] Real Estate [Line Items] Real Estate [Line Items] Real Estate [Line Items] Area of land (in acres) Area of Land Property acquisitions, purchase price Property Acquisitions, Purchase Price Property Acquisitions, Purchase Price Proceeds from the sale of real estate Proceeds from Sale of Real Estate Seller financing Short-Term Seller Financing Provided Short-Term Seller Financing Provided Loss on sale or disposal of assets and properties Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property Gain on sale of property Deferred Gain on Sale of Property Schedule of operating results for properties classified as discontinued operations Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract] Property revenues Disposal Group, Including Discontinued Operation, Revenue Property expenses Disposal Group, Including Discontinued Operation, Costs of Goods Sold Interest expense Disposal Group, Including Discontinued Operation, Depreciation and Amortization Interest expense Disposal Group, Including Discontinued Operation, Interest Expense Provision for income taxes Discontinued Operation, Tax Effect of Income (Loss) from Disposal of Discontinued Operation Loss (gain) on sale or disposal of assets Disposal Group, Including Discontinued Operation, Loss on Disposal of Assets Disposal Group, Including Discontinued Operation, Loss on Disposal of Assets Statement of Financial Position [Abstract] ASSETS Assets [Abstract] Real estate assets, at cost Real Estate Investment Property, at Cost [Abstract] Property Real Estate Investment Property, at Cost Accumulated depreciation Real Estate Investment Property, Accumulated Depreciation Total real estate assets Total real estate assets Total real estate assets includes i) the net book value of real estate property held for investment purposes and ii) the carrying amount as of the balance sheet date of investments in land and buildings held for sale, excluding real estate considered to be inventory of the entity. Cash and cash equivalents Cash and Cash Equivalents, at Carrying Value Marketable securities Escrows and acquisition deposits Deposit Assets Accrued rents and accounts receivable, net of allowance for doubtful accounts Unamortized lease commissions and loan costs Prepaid expenses and other assets Prepaid Expense and Other Assets Total assets Assets LIABILITIES AND EQUITY Liabilities and Equity [Abstract] Liabilities: Liabilities [Abstract] Accounts payable and accrued expenses Accounts Payable and Accrued Liabilities Tenants' security deposits Security Deposit Liability Dividends and distributions payable Dividends Payable Total liabilities Liabilities Commitments and contingencies: Commitments and Contingencies Equity: Equity [Abstract] Preferred shares, $0.001 par value per share; 50,000,000 shares authorized; none issued and outstanding as of June 30, 2015 and December 31, 2014 Preferred Stock, Value, Outstanding Common shares, $0.001 par value per share; 400,000,000 shares authorized; 26,978,270 and 22,835,695 issued and outstanding as of June 30, 2015 and December 31, 2014, respectively Common Stock, Value, Issued Additional paid-in capital Additional Paid in Capital, Common Stock Accumulated deficit Accumulated Distributions in Excess of Net Income Accumulated other comprehensive loss Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax Total Whitestone REIT shareholders' equity Stockholders' Equity Attributable to Parent Noncontrolling interest in subsidiary Stockholders' Equity Attributable to Noncontrolling Interest Total equity Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest Total liabilities and equity Liabilities and Equity Preferred shares, shares issued (in shares) Preferred Stock, Shares Issued Preferred shares, shares outstanding (in shares) Preferred Stock, Shares Outstanding Common shares, outstanding (in shares) Common Stock, Shares, Outstanding Schedule of Accrued Rent and Accounts Receivable, Net Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] Grants To Trustees Trustee Incentive Shares [Text Block] Trustee Incentive Shares [Text Block] The disclosure for trustee compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Schedule of Debt Schedule of Debt [Table Text Block] Schedule of Maturities of Debt Schedule of Maturities of Long-term Debt [Table Text Block] Schedule of operating results for properties classified as discontinued operations Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] 2015 Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months 2016 Long-term Debt, Maturities, Repayments of Principal in Year Two 2017 Long-term Debt, Maturities, Repayments of Principal in Year Three 2018 Long-term Debt, Maturities, Repayments of Principal in Year Four 2019 Long-term Debt, Maturities, Repayments of Principal in Year Five Thereafter Long-term Debt, Maturities, Repayments of Principal after Year Five Total Significant Accounting Policies Significant Accounting Policies [Text Block] Shares, Granted, Non-Vested Shares Isused (in shares) Shares Granted, Weighted-Average Grant Date Fair Value, Granted (in dollars per share) Shares Vested, Total Vest-Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value Statement of Stockholders' Equity [Abstract] Statement [Table] Statement [Table] Common Shares [Member] Additional Paid-In Capital [Member] Additional Paid-in Capital [Member] Accumulated Deficit [Member] Accumulated Distributions in Excess of Net Income [Member] Accumulated Other Comprehensive Income (Loss) [Member] Accumulated Other Comprehensive Income (Loss) [Member] Total Shareholders' Equity [Member] Parent [Member] Noncontrolling Interests [Member] Noncontrolling Interest [Member] Statement [Line Items] Statement [Line Items] Increase (Decrease) in Stockholders' Equity [Roll Forward] Beginning Balance, Beginning Balance (in shares), Beginning Balance (in units), Exchange of noncontrolling interest OP units for common shares (in shares) Stock Issued During Period, Shares, Conversion of Units Exchange of noncontrolling interest OP units for common shares Stock Issued During Period, Value, Conversion of Units Issuance of shares under dividend reinvestment plan (in shares) Stock Issued During Period, Shares, Dividend Reinvestment Plan Issuance of shares under dividend reinvestment plan Stock Issued During Period Value Dividend Reinvestment Plan Net Of Costs Value of stock issued during the period from a dividend reinvestment plan (DRIP), net of costs to issue the shares. A dividend reinvestment plan allows the holder of the stock to reinvest dividends paid to them by the entity on new issues of stock by the entity. Issuance of common shares, net of offering costs (in shares) Stock Issued During Period, Shares, New Issues Issuance of common shares, net of offering costs Stock Issued During Period, Value, New Issues Repurchase of common shares (in shares) Stock Repurchased During Period, Shares Repurchase of common shares Stock Repurchased During Period, Value Share-based compensation (in shares) Stock Issued During Period, Shares, Share-based Compensation, Gross Share-based compensation Stock Issued During Period, Value, Share-based Compensation, Gross Distributions Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders Unrealized loss on change in value of cash flow hedge Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax Unrealized loss on change in fair value of available-for-sale marketable securities Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss), Net of Tax Net income Ending Balance, Ending Balance (in shares), Ending Balance (in units), Unamortized Leasing Comissions and Loan Costs Unamortized Lease Commissions and Loan Costs [Text Block] Unamortized Lease Commissions and Loan Costs [Text Block] Schedule of Available-for-Sale Securities Marketable Securities [Table Text Block] Equity Stockholders' Equity Note Disclosure [Text Block] Real Estate Disclosure Real Estate Disclosure [Text Block] Marketable Securities Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] Statement of Cash Flows [Abstract] Cash flows from operating activities: Net Cash Provided by (Used in) Operating Activities [Abstract] Net income from continuing operations Adjustments to reconcile net income to net cash provided by operating activities: Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Depreciation and amortization Depreciation, Depletion and Amortization Amortization of deferred loan costs Amortization of Financing Costs and Discounts Amortization of notes payable discount Amortization of Debt Discount (Premium) Gain on sale of marketable securities Marketable Securities, Gain (Loss), Excluding Other than Temporary Impairments Loss on sale or disposal of assets and properties Bad debt expense Provision for Doubtful Accounts Share-based compensation Share-based Compensation Changes in operating assets and liabilities: Increase (Decrease) in Other Operating Assets and Liabilities, Net [Abstract] Escrows and acquisition deposits Increase (Decrease) in Deposits Outstanding Accrued rent and accounts receivable Increase (Decrease) in Accounts and Other Receivables Unamortized lease commissions Increase (Decrease) in Unamortized Lease Commissions and Loan Costs The increase (decrease) during the reporting period in the unamortized balance of monies given as lease commissions and loan costs. Lease commission costs are costs incurred by the lessor to originate a lease with independent third parties and the lessor's leasing agents that would not have been incurred had that leasing transaction not occurred. Unamortized lease commissions are charged against earnings over the life of the lease. Loan costs are capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings over the life of the debt instruments to which such costs pertain. Prepaid expenses and other assets Increase (Decrease) in Prepaid Expense and Other Assets Accounts payable and accrued expenses Increase (Decrease) in Accounts Payable and Accrued Liabilities Tenants' security deposits Increase (Decrease) in Security Deposits Net cash provided by operating activities Net Cash Provided by (Used in) Operating Activities Net cash provided by (used in) operating activities of discontinued operations Cash Provided by (Used in) Operating Activities, Discontinued Operations Cash flows from investing activities: Net Cash Provided by (Used in) Investing Activities [Abstract] Acquisitions of real estate Additions to real estate Payments to Develop Real Estate Assets Net cash used in investing activities Net Cash Provided by (Used in) Investing Activities Net cash used in investing activities of discontinued operations Cash Provided by (Used in) Investing Activities, Discontinued Operations Cash flows from financing activities: Net Cash Provided by (Used in) Financing Activities [Abstract] Distributions paid to common shareholders Payments of Ordinary Dividends, Common Stock Distributions paid to OP unit holders Payments of Ordinary Dividends, Noncontrolling Interest Payments of exchange offer costs Proceeds from revolving credit facility, net Proceeds from Long-term Lines of Credit Repayments of notes payable Repayments of Notes Payable Repurchase of common shares Payments for Repurchase of Common Stock Net cash provided by (used in) financing activities Net Cash Provided by (Used in) Financing Activities Net cash used in financing activities of discontinued operations Cash Provided by (Used in) Financing Activities, Discontinued Operations Net increase (decrease) in cash and cash equivalents Cash and Cash Equivalents, Period Increase (Decrease) Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Supplemental disclosure of cash flow information: Supplemental Cash Flow Information [Abstract] Cash paid for interest Interest Paid Cash paid for taxes Income Taxes Paid Non cash investing and financing activities: Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract] Disposal of fully depreciated real estate Disposal of fully depreciated real estate Cost basis for non-cash disposals of fully depreciated real estate assets including building and tenant improvements during the reporting period. Financed insurance premiums Dollar amount of insurance premiums financed during reporting period Amount of insurance premiums financed during the period Value of shares issued under dividend reinvestment plan Stock Issued Value of common shares exchanged for OP units Non Cash Investing and Financing Activites, Value of Common Shares Exchanged for OP Units Non Cash Investing and Financing Activites, Value of Common Shares Exchanged for OP Units Change in fair value of available-for-sale securities Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax Change in fair value of cash flow hedge Non Cash Investing and FInancing, Change in Fair Value of Cash Flow Hedge Non Cash Investing and FInancing, Change in Fair Value of Cash Flow Hedge EX-101.PRE 13 wsr-20150630_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 14 R39.htm IDEA: XBRL DOCUMENT v3.2.0.727
Debt (Schedule of Maturities of Debt) (Details) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Debt Disclosure [Abstract]    
2015 $ 1,549  
2016 13,269  
2017 60,212  
2018 141,736  
2019 58,049  
Thereafter 128,472  
Total $ 403,287 $ 394,093
XML 15 R48.htm IDEA: XBRL DOCUMENT v3.2.0.727
Real Estate (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
May. 27, 2015
USD ($)
ft²
Mar. 31, 2015
USD ($)
ft²
Dec. 31, 2014
USD ($)
Dec. 24, 2014
USD ($)
ft²
Dec. 19, 2014
USD ($)
a
Nov. 05, 2014
USD ($)
ft²
Sep. 19, 2014
USD ($)
ft²
Jul. 01, 2014
USD ($)
ft²
Jul. 22, 2011
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Real Estate [Line Items]                          
Payments to acquire property                       $ 51,800 $ 0
Loss on sale or disposal of assets and properties                       (100) (111)
Schedule of operating results for properties classified as discontinued operations                          
Income (loss) from discontinued operations                   $ (33) $ 146 (41) 266
Davenport Village [Member]                          
Real Estate [Line Items]                          
Payments to acquire property $ 45,500                        
Gross leasable area (in square feet) | ft² 128,934                        
Property percentage occupied 85.00%                        
City View Village [Member]                          
Real Estate [Line Items]                          
Payments to acquire property   $ 6,300                      
Gross leasable area (in square feet) | ft²   17,870                      
Property percentage occupied   100.00%                      
Village Square at Dana Park Hard Corner [Member]                          
Real Estate [Line Items]                          
Payments to acquire property       $ 2,100                  
Gross leasable area (in square feet) | ft²       12,047                  
Property percentage occupied       88.00%                  
Property acquisitions, purchase price       $ 4,700                  
Face amount of debt       2,600                  
The Shops at Williams Trace [Member]                          
Real Estate [Line Items]                          
Payments to acquire property       $ 20,200                  
Gross leasable area (in square feet) | ft²       132,991                  
Property percentage occupied       87.00%                  
Williams Trace Plaza [Member]                          
Real Estate [Line Items]                          
Payments to acquire property       $ 20,400                  
Gross leasable area (in square feet) | ft²       129,222                  
Property percentage occupied       95.00%                  
Fulton Ranch Towne Center Adjacent Parcel [Member]                          
Real Estate [Line Items]                          
Payments to acquire property         $ 900                
Area of land (in acres) | a         1.39                
Fulton Ranch Towne Center [Member]                          
Real Estate [Line Items]                          
Payments to acquire property           $ 29,300              
Gross leasable area (in square feet) | ft²           113,281.0              
Property percentage occupied           86.00%              
The Promenade at Fulton Ranch [Member]                          
Real Estate [Line Items]                          
Payments to acquire property           $ 18,600              
Gross leasable area (in square feet) | ft²           98,792              
Property percentage occupied           76.00%              
The Strand at Huebner Oaks [Member]                          
Real Estate [Line Items]                          
Payments to acquire property             $ 18,000            
Gross leasable area (in square feet) | ft²             73,920            
Property percentage occupied             90.00%            
Heritage Trace Plaza [Member]                          
Real Estate [Line Items]                          
Payments to acquire property               $ 20,100          
Gross leasable area (in square feet) | ft²               70,431          
Property percentage occupied               98.00%          
Zeta, Royal Crest and Featherwood [Member]                          
Real Estate [Line Items]                          
Proceeds from the sale of real estate                 $ 10,300        
Seller financing                   2,500   2,500  
Loss on sale or disposal of assets and properties     $ 4,400                 1,900  
Gain on sale of property                   2,500   2,500  
Schedule of operating results for properties classified as discontinued operations                          
Property revenues                   0 412 1 824
Property expenses                   36 175 44 344
Interest expense                   0 74 0 153
Interest expense                   0 15 0 58
Provision for income taxes                   (2) 2 (2) 5
Loss (gain) on sale or disposal of assets                   (1) 0 0 (2)
Income (loss) from discontinued operations                   $ (33) $ 146 $ (41) $ 266
EXCEL 16 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0````(`)N3!T```3````6T-O;G1E;G1?5'EP97-= M+GAM;,V9S4[C,!2%7Z7*%C6N?V`81-D`6T""%_`DMXW5.+9L4\K;8Z>`9JHR M@ADJG4U^>J[O.L3ODV M+)G7S4HOB8G9[(0U;D@TI&DJ/:J+\]LUA6!:FEQNA=)[7FGO>]/H9-S`UD.[ MTW7J%@O34.N:1YN7U"E;TU'6J\F=#NE&V]R";7HV"MLCKXO.OL)^;=YE=7X*8?= MA7]+9FP9FA^6?ZPH]__X+#LO<6W[JZ"?S([!^F!C*N?::C/L&]63"ZM?SJV^ M:J6VJD/N3`DLV>7Y.*[K$:66_^7]]M.:5R@3QF6P@-^%)T.U-ZGD.>[ M_]OXO>!P.[%````*P(```L```!?.0Q(OW[CMB`PD.MQ-*O>X^NO`ZIK`XTHO8< M4M?'5$Q^#*G*_=ITJK$"2+8CCVG!D4*>-BP>-9?20D0[8$NP+,L5R*V.V:SG MVL7.U49V[M,41Y26M#;3"&>6X9MY6&3I//B)]!=C;IK>TI;MR5/0!_ZS#0// M>997'L=V+YRO+0O]C^AY%.!)T:'B1?4C9@,2[2F]@OIZ`(4QOCLEFI2"(S>C M@KN_V/P"4$L#!!0````(`)N3!T=AI.76UP$``"`>```:````>&PO7W)E;',O M=V]R:V)O;VLN>&UL+G)E;'/%V%;L;B`#-^/[<2*L\HFVZ8W@.RQ ML6(#8J9J??>A7E1NDCG*PM+9@`#IFW?U@(;'+M6K'_'8Y$/?I?8PI-F?T[%+ MJ^G^NFIS'E8AI$T;3TVZZX?834]W_7AJ\G0Y[L/0;-Z:?0Q:UXLP7L^IGAX_ MSIZ];-?5^+*5:O:S&?3W$T+3(_/0_S.\OUN=]C$YW[S MZQ2[_$5%^+=`%J`$20UDK#E)"&N.U@*X%H[7`L`6CM@"R!:.V0+0%H[:`M@6CML" MX!:.W`+H%H[=`O`6CMX*]%:.W@KT5M*W-OK8YNBM0&_EZ*U`;^7HK4!OY>BM M0&_EZ*U`;^7HK4!OY>BM0&_EZ&U`;^/H;4!OX^AM0&\C[96@S1*.W@;T-H[> M!O0VCMX&]#:.W@;T-H[>!O0VCMX&]#:.W@[T=H[>#O1VCMX.]':.W@[T=M)> M-]KLYNCM0&_GZ.U`;^?H[4!OY^CM0&_GZ.U`;^?H/;_2.[7-&+>O>3QT^W3K MFO^&PZ(KO%,^'^/M4RY38<.5UGE:*8;+\>:OCLO4OR'AT\_@IW=02P,$%``` M``@`FY,'1PBYB&ULO5==A.8)?L+H[FU_Z/YDHFH`P'3;9Q)/0(C1>=M3')R'$T6T-,]1E"!-X-I8JIP4NU M+><*:EE:,AL MRR`:.^\!&0,]^\!2Q8LBG#^(Q&,,%87D@C#3GJGS'#3&2<4+%S\JL; M+I[U8[*04VJ@S#J\D7M?4P4!!CWP7A@SS-4.ZXPL=[*F8@5!&7M\<]^+)U#: M5OK5/>OCIVC!WI[[!AIPL9I3KK0WWIC1!IB1ZFU,&_/9*062V:'KIP7FISMD M2378XT5G0Q6GPG2(YJ]XZ7;RL+DU.T>)-LK[(]6S7@,8/78*8W8L8\MG/O2& MYQD"3X=(IZC,>VO;0=W6LN`F`GT?SJDR_ZD564W[1@S/.Z7J]RX(%0&9"8-R M)-D.$VDT#+B`8HK(#]I1`4#XA^U\"-XTIW3TQS?X)?-4A,9DGL4 M8@N.I622;1MG0O6ZDG,M#"@>DU]<8"F<1B5B)<%/XYBJG77J\Y7@.#M4"[ED M3*;8\DK.+57/8.@RPE;E>P(74"42W:@4LW_($K=S?'.LT<2@DO,H:"QQI[TB M[P:H1HD27"XQU_:1K8XSA:6IN:'X!N6R@3S\%00KZ_"2H8U7G!["5%Y=9QL3&87.Z?S%%_E<#?BMJ>&4D6*M4& M:D+YL,ID=>HI>0`4QDQ;9=2(8JGA);6N9IML=-T[:4#WVDO(=3\N(=)=6$M- MF$8MN@SOOL&CAW5*E,);T3I1R' MN*5FWP49MM?@L-]6@S:_D^OM1!E[N3:"JO5:M*H%I^A7>\ZP>M3'6_9$,>5' MJ1E9L5&K\$?O:._>R)S#?Q+>7U!+`P04````"`";DP='^L`:,C\!``!I`P`` M$0```&1O8U!R;W!S+V-O&ULS9--3\,P#(;_"NJ]2[OQ,:JN!T"BQ[NMKPDF!8,:-!@,+!_E+*F>S<;8QI1LT%=E=%SS@',KU5*! MO&F'LM^IV!G!ZW"0@^S;T]\_/5"&)5WE+JB^JFF:43.ANCAPSE[G#T]T-JDR M`;D1$%5!%=@ZF"5?G5\FMW>+^Z0:9_E%FDW3[&J13XOQM#B_?MM/=N1O,*R[ M(?ZMXR^#M%U46,.)NR6-I.72)X$D!.&50V7-23C"?!,3+&S?/T#@Z:!.2)=M M`VUCO0P5W:\AVK^TA]2,Z>E75)U!+`P04````"`";DP='F5R<(Q`& M``"<)P``$P```'AL+W1H96UE+W1H96UE,2YX;6SM6EMSVC@4?N^OT'AG]FT+ MQC:!MK03621A'^_1S80RY8-[9)-NIL\!"SI^\Y% M1^?H.'GS[BYBZ(:(E/)X8-DOV]:[MR_>X%#BVR]*+41B1%G\@MNN01.+5)#3(3/PB=AIAJ4!P"I`DQEJ&&^+3&K!'@ M$WVWO@C(WXV(]ZMOFCU7H5A)VH3X$$8:XIQSYG/1;/L'I4;1]E6\W*.76!4! MEQC?-*HU+,76>)7`\:V@S&L%&KQMUAVC2/'K^!?F<-0HACA*FNVB<5@$_9Y>PTG!Z(++9OVX?H;5,VPL MCO='U!=*Y`\FIS_I,C0'HYI9";V$5FJ?JH,@H%\;D>/N5Z>`HWEL:\ M4*Z">P'_T=HWPJOX@L`Y?RY]SZ7ON?0]H=*W-R-]9\'3BUO>1FY;Q/NN,=K7 M-"XH8U=RST MS0LS0[=R2^JVE+ZU)CA*]+',<$X>RPP[9SR2';9WH!TU^_9==N0CI3!3ET.X M&D*^`VVZG=PZ.)Z8D;D*TU*0;\/YZ<5X&N(YV02Y?9A7;>?8T='[Y\%1L*/O M/)8=QXCRHB'NH8:8S\-#AWE[7YAGE<90-!1M;*PD+$:W8+C7\2P4X&1@+:`' M@Z]1`O)256`Q6\8#*Y"B?$R,1>APYY=<7^/1DN/;IF6U;J\I=QEM(E(YPFF8 M$V>KRMYEL<%5'<]56_*POFH]M!5.S_Y9KF4Q9Z;RWRT,"2Q;B%D2 MXDU=[=7GFYRN>B)V^I=WP6#R_7#)1P_E.^=?]%U#KG[VW>/Z;I,[2$R<><41 M`71%`B.5'`86%S+D4.Z2D`83``>LX=SFWJXPD6L M_UC6'ODRWSEPVSK>`U[F$RQ#I'[!?8J*@!&K8KZZKT_Y)9P[M'OQ@2";_-;; MI/;=X`Q\U*M:I60K$3]+!WP?D@9CC%OT-%^/%&*MIK&MQMHQ#'F`6/,,H68X MWX=%FAHSU8NL.8T*;T'50.4_V]0-:/8--!R1!5XQF;8VH^1."CS<_N\-L,+$ MCN'MB[\!4$L#!!0````(`)N3!T=8D>_C:0(``%`,```-````>&PO9Z)A>2(:4?9>%5I<0HJTP0H][$]V<>0X3#..0UFS-5@5347$5PVD+`Q=^) M#$?PZ>+SGUJHVT_`C:,OHY'_='D[Q"_LQ"4$CN-'%L%@-H7>VTG'OK^?V$P. MR&<'DK_$/:"^/E3WR\*']%_WT'G>,$.B`.JV>P M0E3[!\8]%51(H'2AZ$P6X8AAYW&'*$DD,6".&*$;!T\,8&NK\6.$"VESNPS# M/&._RR2+)()^\WM[NJ1CMX-9'J%T=WD:B,,2*84EG^L'T-B+3:D7QP7'3J3U M>\6[D&@33*:]`#OHO(F0&99MY@!NH3BD.%YU#IR/.6,?`J-B:^J-:,RN#.RF>GTVQ]VGO3J* M%ZSS-H&.1F5)-]\I*3C#3JR#YJ)Y>HT^V$,?AVC+"I9"DF?M;PHAU0"6$*RP M5"3M(W\E*A=XK9H*]M;Y/H7'+OD]-9U^USHUN@0_>GN.3FZA^YHE6,[MY^]P M25?7KQ^9?3OA0.;'5LT1$DZP.:;QGJVTV?E*>Y^:.D6UWYRK,G.9.5MI_[MK M7M-.>SU[IV.W*$AJ0A7A6PW(W+'NC6ZZTTR[;JTYLW77J.VL0HF^WN]DT609 MSE%-U0-9"64G(]C9/XW\8-9Z+5J*"';V+YR1FKE+8_&PO=V]R:V)O;VLN>&ULE9=1<]HX$(#_ MBL9/RA2U`$UFBDIRD_?6WLD.R/C:^]@DL6Y^T MJV]MZ;V?/%IWO['VGCU5VOB)FR;[$`Z3P<`7>UD)_Y<]2`/WMM95(L"EVPWL M=JL*.;=%74D3!GPX'`^'7SR3/._0_,')T7I]U*&2K>P2BB3?'CO M)UNEY7?I/("9.!QN1"6GR9-.F!8^+$H59#E-#$:CI)! MA!U#O76LL*5L8>N]\O\\WTA8*;>BUF$-DSV..TU2GG,^;AGQL>]*/GH,C`U, M%$$]R+783)-APD0=[&>E@W1S$>079^N#,CM@)6RKG`^K&&[S9*6,JM2O.&^X M\GO[^-4Z]\T72"$?Q+"\PQJ*+S8!";N[@2TV0\!."#\FJC MM`H_ITGS7\L8R>`_H33I?_W'3)."DG@>EZC[Y6EW&-#5D)&[)AE1PN&@J)/9OB`4G[-;Z:`"A.ND`DN;$M8N36$KR=;BJ;,6 M*78T)21=_*CA!8![8!E3TL8"5@X";R?);J%F<7^L84IX^,6)N-;!LK6K?9#= M^6+W4D*^E=PUY?C&&PN[EQ+RW4FHGH6/Y8/?45@T3HBVJC=>_JCCP(N'QMNS M&QND/\<0K!@G%.LM0,XQJO/2).PC2Y"=K6-+=U)8/D[(UUN-/,$S:<3NA;AF'B[Q2AL=T;8W5NN^1!OVK#? M.>%W3[G&(#$*BYZ3HK]^2\D4Y=COG/#[6/!47RQT3@A-5_S+HF%49R=+;PH( MU,O*8106.B>$[D7E6.@<"YT30I]N`.A$89MSPF;\1B,!6.2K>!XJ8PLX\G3-T/`T:V(QU'X:;>2^2CN2^+U-1Q1ITD\1\*1L=9Z M!FW?S)45S6FK)1\/H!_^!5!+`P04````"`";DP='!A@SK4,"``".!P``&``` M`'AL+W=OPI^^`U0L+[)+CE6[\6 MHGL-`GZJ$8'\A7:HE7\NE!$H9)-=`]XQ!,_:1'``PC`+"&Q:ORIUWQNK2GH3 MN&G1&_/XC1#(_NT1IOW6C_RQX[VYUD)U!%493+YS0U#+&]IZ#%VV_BYZ/42Q MDFC%[P;UW*I[*ODCI1^J\?.\]4.5`\+H)%0(*(L[.B",521)_CL$?3"5T:Z/ MT;_KX*?]#S2,(54!3Q1S_?5.-RXH&2V^ M1^"G*9M6E[WYD\2#;=D`!@.8#%'QI2$>#/'#D.B1FLSTN+Y!`:N2T=[C'52K M';U*.5-!9&2/ZVC,3)<<&9>]]RHL@[L*,RB`5NQM130I`AE[$0#\N1U8=K`$ M.-B*^#D@'@&FN8LM>_+IG'Z'),YF,S"%(OCL!6;YX#<`>3V/@@7"3/)BKU2.(C"]H-%Q$RR8K=L M',3&]B>+B)EDQ4I$H<-0M\R@;.3%.LH`"7 M8I_/:+,X93,-"%=08I=B'V,0+:%4()E*^")3JN7C.#4P MN@A5S56NYKDP#4&[\?6;GN#J/U!+`P04````"`";DP='0`KP8]8#``")$0`` M&````'AL+W=OVC/2DS'PDJ6*RGQ]M]77_8.B=%:E]A2WB$?TN1CRMMKW7QO M3\YUT8^J/+?/FU/779[BN'T]N2IO/]<7=^[_MW[NR.+NO3=2^5U7>_+=W97U]WL#F=N-;\7;JAAOQ M;AO?ZPY%YOOP\6?A^>-&!A< MZ5Z[H8F\?_EPF2O+H:6^YW_G1G_V.132][?6?Q^'V^._Y*W+ZO*?XM"=>EJQ MB0[NF+^7W;?Z^H>;QZ"'!E_KLAW_1J_O;5=7MY)-5.4_IM?B/+Y>I_]8,9?Q M!3@7X+T`U"\+Y%P@@X)X(AO']5O>Y;MM4U^C]I(/GS8\]?%F:*1O.6K'UIII MNOJ1M?W=CQWB-OX8VIDC.$;V7H1+9%Y"WB-QWS\+@3>(Z?(+TGKUN%[>ZM54 M+VF]]A&3:1!3Y#Q&$BG`L+&,QDPBC=:/:51`HRB-\;O1$XTBW7RR`J3E8ID7 M2T#;Y#&-#F@TI4E8&DT'K87@8YD7$RB,?4QC`AI#:=A![PWM!C6P+#2D4)K' M)$E`DE"2E"5)O$Z0!:&9-%FQ]FW`80F'%"R'I1S6*!;$"XD4'Y.D`4E*2=AI MWZ>D$T#+\V9>"JQ$8N`MX%CA0`\LU M8PJE"=2:DKL7;$[ M(50G4'?R7QA[\+QH).NUS$_)9`U-J$^@_N3[V0.58V+%PN30E#&X9OV%$@5J M4?Y#V(-G2`G&L*LL\W,HTF2-OT*9`K6IXFT*5)0+D\-'ED]6(MB92#VJ5GS2 M&+H/J?L4[SZ$AR-9B"QSA-9#:CW%6P^IS1:.,7YFS6DU/&XBM9W2/`D]24IM M-"S0>#FA1++B5(6A/9':4_'V1.\T"4+#@JW\8"I3N08IU"=2?2I>GTB]^$D9 M_@O<3Z6P`B9T)U)W*MZ=2*V(6J3\6L_\'`BQQI\8^A.I/Q7O3Z1FQ#3E#WY> M2M(#\S)-Z$^D_M2\/]%Z\],OBX45[>5`RE5[+/0G4G^&)[OYF0ZI'+DSSOQ0 MY^>X,TY,'IHO^9O[*V_>BG,;O=1=__P]/BP?Z[IS?6OB;\%@!TKW"*V(3WNQ)LSH2WB(J07P'J*T4F9V@;X$,:@177G%KE: M>Z5%3JZ\J3O\2AUV;5M$_^UQ0X:=Z[G3PEM]J;A<`$4.[KY3W>*.U:1S*#[O MW!=O6WI02I3B=XT'9LP="7\@Y%T&/T\[%TH&W.`CERF0&&ZXQ$TC,XG*?\>D MGS6ET9Q/V;^K=@7^`3%*5H(6N<\)G=&WX&QE^X+&'2"8\DH:IIW.\ M,D[:R>(Z+?K08]VI<=!O8F^TV0W^:/#O!B]\:`A&0[`P`$VF^OJ&."IR2@:' M]4C^V]Y6R*E,(C([3&6C^G.)SIA8O161GX.;S#-*?"79FQ*KHIPI@KL$B/I6 M"'^"T.&+;T(\X0\F?ZC]@>D/YXBI;D)+.B6!&P@]FZI<5ZVRA`N6T&2)YE4B MS1(:52*H?S9A^5"X2A0MB"*3*+8216;?5A2[8I4A7C#$)D-B98B_9+`K5AF2 M!4-B,J3679(\M4O65:LLZ8(E-5DRZ_=(C2HA?+1-'BM7F;(%4V8PQ=9*^\RH MY,=9DOJ)'6DF]-,@BK/H:R(/+I#D.?S)Y%F91LT34'.EG0H8QV>/+O@7HI>Z M8\Z!<'$2JV/S3`C'(A_&PO=V]R:W-H965T&ULE9K;4N-&$(9?Q>5[UIKNT6$H<-7JD$HN4K6U%\FU``&NM2UBB67S M]I&LL>EN6GAR`UA\,YJ_Y_!WR[IY:P\_NN>FZ1>_=MM]=[M\[ON7Z]6JNW]N M=G7WI7UI]L-_'MO#KNZ'CX>G5?=R:.J'8Z/==@51E*QV]6:_7-\K#__FS;9]NUV:Y>G"]\W36*UO5N=V#YM=L^\V[7YQ M:!YOEU_-=67MB!R)OS;-6T?^7HR#OVO;'^.'/QYNE]$XAF;;W/=C%_7PZV=3 M--OMV--PYW]\I^_W'!O2OT^]_W:4.PS_KNZ:HMW^O7GHGX?11LO%0_-8OV[[ M[^W;[XW7$(\=WK?;[OASWNU&2YV-6_IM^;_?'WV_2?+/+-]`;@&\"Y MP?D^>@/T#?"]@?VT@?4-;.@=8M\@%G=83=J/D2OKOE[?'-JW1?=2C^O)7`_X M8>QDZ'G1'7L[3!,RQ*X;KOY<)W"S^CGVXQ$X(CE#4$-*BI@SL1KNKPX"EOP. M0)JK8R@HD5AU#!<[J68ZF1TFGH:)4ZR0MH\OM[>G]G9J;VG[A`\QG2(Q(?LI MD*E)5:I@%%J+&E52"C&Q1J,J2D$:Q>EE7;'0%5-=*;_+U"*/R5ULZJP&%13" MS#@-*BGDXLQH4$6A-,ZBRYH2H2FAFC)54T(C9UP:J:(2-J,@]YA712F+`"I5 M40IM@@%SE8HUG%)=[G+[3,0E(^UUQ7G&M*`ZC06#(H-J5"B4V9F@9&RN0V+B MA"9'-:D+*G=TKAW$JB8&0:1")87B#-3H5!2R-H/+FDPD1(TF^:Y*#5WN&1\[ MD`>KE\6H!(RZ&TI&&0NQOC,Y!I$)6(/&B$5LJ-^D&-`#R.A0+TA5W;EG_"PX MI^HN&(5QIN]O1CF;J>N]8E028TAL4"JC+I6J:S#WC%>6Z%3!*,Q0C5+)*`?Z M=J\8E29)R)Q)^S34/Z4SGI0QTXN-2A6,`CNGC%*)`Y6J&&73(&720`UUT%1W M4$,][E'7L4I&^"A1IJHH2Z:ZBYJF$%B!*K\@F$N0W7,):,@ MMOK*KO@],WJ>SXM+I3AJI:D:Z=PS_D:)3A6<@ADS9!1:IR[MBE.)"UF.TN,- M-?E,-WE#;??*J=-1<"C6#9%#1C^,*T%A$J!+^KRA1J]GCKEA_JRKHLB5?BR4 M'#*1&L5*4":D=I)&#]3H=?O)@;EN[-055G#*S!R+C)I-53EE;"<Y`S3T3 M(W4^-M1HHR]1HE&%I&*-*@4E7=+YV`@J)#;2V8$Z>Z8[.U"?G=F>%Y'R,V2L ME(Z*4AZ=$(^0C@[4T9U^HQRR3R?+8X7$8A4K!2:GZZQ.8"$GJI-KF?JZ"X@/ M2@_%Z).U?(H/1D'QD=A,?`1F0(^/Q`+6,TH?17-Y/:.YN)XO(^5GR%F1^=_K M&:6'(GRRGOW9@Q!R]DA*/WL$)2?+GSV2"EC+^.$9,_50%^#"*#T+J6?IF5Z. MK`"&+-$+$X$!ZAF\P-*92EE@$0:4E"A+9:2^I3]'SI%6KH`VTJL3CL&'Q^@G M=;PW-#/J>&\F:.ZDIR+U5"=/#N/E<8L#F6EYK@CD2L'%J8I5\]B\/OGT&:FS MNI#](9T,66VJYEHY4D_YF#W[C(Q3'[)GGY$QZF/V[#,R3@5ESRA=#)F+!437 M2A>SU,7TQY6YI7ZBK_B",5<0ZT^1!*4_D*L$%:1+^I>E_N5T_[*L>C,SWSHP M2J]<2]Z3'L:*028*^3)0>IBE'C;S@""WK,2S,T_H.17-'&2,&M:[6EA5EC_/ MAH!#VLI"T"*3IC]IL:S*FQ'&F!E9[&'VC"A6"0;L3OOANUO+)(%Z\%A6Y%FK M'SR!@U["Z5JAB%%C,A;47>!M@UAZ?C>QC=XKY]W??3%]SGJ^=W/;[" M^#:!N)Z;Z\(HUTMS74UO[:OF]WQQ<.'MNV;X9A M#^ZQ7#PW]^?3F]GG)^1V;]'U!+`P04````"`"; MDP='G[V(<%0$``".%```&````'AL+W=O'A5DW-P]QG6N-2P^(`MC/?_K*;DSYH7D3@ M=Y:<+/^0Q2TO?I4G*2OK3YIDY>OL5%67%]LN=R>9QN6W_"*S^LTA+]*XJF^+ MHUU>"AGO6Z,TL1DAKIW&YVRV7+3/OA?+17ZMDG,FOQ=6>4W3N/C[)I/\]CJC ML^'!C_/Q5#4/[.7"'NWVYU1FY3G/K$(>7F?_T)>(.0W2$C_/\E8J_ZTF^8\\ M_]7<1/O7&6ERD(G<58V+N+Y\RI5,DL93'?EW[_0>LS%4_P_>W]OFUNE_Q*5< MYE.VOM;N659X.)C,KC?]TUW/6 M7F_=&Y_T9K@!ZPV8J0'O#?AH0.E#`ZXF1/TI<:+ MQDGMV2I;;T4WJ.K^+^NGGTM*^,+^;!SU#&N9%60"`PB!>5[R.R5J&4Q=Q>8!#SB*;2&&YA["W`GQ&(9%(#$FZ/-"9SX08"`].EI(#4N)8I,A1&Q[X1G'$$(=W<02(XSQWX&J)NL`! M7A)7212DJ;9F$II,Q=-2\4`J+CH?/"4*0:?"`Z++=*,2OH,A6Q69H[T7`B_H M!(B`%]]@8/M:17Q0$0_M'!_,:Y.Z!UJ4`$3QT>D3*%$<-)'-H MM0D53E/3+=-U@`(A8&C7KZFJ!`XWF\54Z*&`%N@#<:B/4.<&%^@,VAA1X30U MG;0N/Q3H#W/QI%5MF5-'"+3#WG6NKB2>N!D708XQDP&@BQH%JL;0=7%%@5(P M#RW#5JH-"(B@`E^/-V,5TX&1!.IDWHX6-#%4XFZLV_AW%K MR*',!C#U;EOHVY?A>X.`N4@$==!]W1:"CCOQS0&;0`('_1J*(!<$!CMGIF\0 M&-@@X&O(BJEZS=S`\YF'DNNOI)$.L"^?E4"W.3[_&?CJ"LRV2*S3[3;(71L? MF^B"R*`@:@MY+_40XOI$MI5#BE06Q_:(J[1V^36KNJ_#\>EXC/;6'@7ISQE_ M";LS'^U-G4+]ICL8N8=8+B[Q4?X;%\=S5EH?>57E:7L69M][5^ M7C:GNLBWPZ#RL(0D,R@.Q6/;A\B[C]=B4QP.?:1NYI]3T+_]]MVU[E-YK-M\92_'-KOU?GW8LI!]P$?JT,S_)P]OC1M55Z& MS&=E_FO\W!^'S_/XES29AOD'P#0`K@.N\_@'X#0`WP;0D.GH;,CK:][FZU5= MG6?-*>_OMKKIY'4?I(L\:X9H];A<769-=_5UK1!7R]<^T*2!07//-%?%LHON MG0+F?#@XP\$WP<95&/I\!KS,,'Z]0Y9$1`"Z!*`Q`+$`FINT8QJCYCAH$*![ M'!*?;L-T1,;5!0UI84@[AE)Q5_3H1SOS+$B]LS/*-JX,3)P;(]P8UPUYW1@W M:Y4&[3"=51#EQXK[;=GM,I\'2$5"J1/`:F]"J6,T`\Q"";DZ:PQ&)90)/QE+ MR'H-95^$DV))TG0#=,I%;=`*"TQ"I+R6T)WN]K@+F(Z ME>BXYU1)KBH&5O`_:8H1$W5X(Q';2(;B3&E!#Z790D%$"`E$Y1(1`W??1=W" MVO<%XY(6$R)$IF6E)T9%\A>-233-I:RQ05=RJ7HPJCP MH\*$.M:4Y*UR@2N[GHLGEZ0(&+3$=!1'7)#$!9>X@0H`+D@7@#IDB0LM+UYA M3Q*YX"(W4`3`)2F$MQ/7J4A'$KO`L>OG"3"<=@U8\-9QII'S1L3`\$.6#D)1L10O:@P#D9N/^L#=4J#9R046&2>VONTB?[DHF6<3]EXT2N,B`J_W`19>BF0[CE@DQ22+O MFX0N,NAJ/W31\%V.0;X)I5)QW2Y*Z"*#+OA;.&0][`2D)H1T@9.)5@3FP6W$M.IR%*B)1\UXZ,5?)P.;C3O=.U[:$\G-T*8 M>3BR=$[7RJ)^'DX=F]EC]7)LQY.OZ]7KR>;=<+`IKM^KF\UX/OD69KTZY<_% MGWG]O#\VLX>J;:MR.*A[JJJVZ!PF7[K5VQ7Y]OKE4#RU_:^V7];QE'+\TE:G MRZ'K]>1W_2]02P,$%`````@`FY,'1_PRWQ&@`0``L0,``!@```!X;"]W;W)K M:.=*`K.A>>1-NY4&!EP19>+11H*U`3`\V!WJ_VQTU`1,"S@-%>Q"1X/R&^ MAN1W?:!9L``2*A<4N%_.\`!2!B'?^.^D^=$R$"_C6?UGG-:[/W$+#RA?1.TZ M;S:CI(:&#](]X?@+IA&V0;!":>.75(-UJ&8*)8J_I57HN([ISUTVT;XFY!,A M_T1@J5&T^8,[7A8&1V)['LYNM?=P$T2\,K%1S:3IO5'KJ^=RM=L6[!R$)DRB M'*\P"X)Y]2];Y/2:GE_0\^_IZYF^3@[75PYOOQ?8S`*;)+#YWX@)<[S&[#XU M81=[JL"T\>I84N&@7=K2I;KV/C)FR!<7-#?;0N3\U:L6M2W7#3*^!5X&D)$N3Y!M3 M7'2TR$/M21`D@HK5?@;KG"`TCIA5SCUTGS MO:4GKN-9_4>8UKF_<`,/*/^*RK;.;$))!34?I'W&\2=,(]QZP1*E"5]2#L:B MFBF4*/X65]&%=8Q_LOU$^YR03H1T(1R28#PV"C8?N>5%KG$DIN?^['9'!]=> MQ"D3$]1TG-X9-:YZ+79WAYQ=O="$B93S!K,@F%/_M$5*M_1T14^_IN]G^CXZ MW&\:7%?U!+`P04````"`";DP='PTV'[*(!``"Q`P``&````'AL+W=OVFV=$`;R-)259DV2>FN-"TKF+MR=053DX*#4^&V$DI;OZ< M0.)\I#E="\^B'UPHL+IB&Z\5"K05J(F![D@?\L.I#(@(^"E@ME:18L@(3&!07NEPL\@I1!R#?^O6B^M0S$ZWA5_QJG]>[/W,(CRE^B=8,W MFU'20L87[GA=&9R)'7DXN_S@X2:(>&5BHYI)TWNCUE?5W6Q3TEEYMJY#W\X*87VI(S.G^R\1@Z1`?> M1':WIV3P[V=+)'0NA)]];-*52HG#<7T@VRNM_P)02P,$%`````@`FY,'1]$* M7K^D`0``L0,``!D```!X;"]W;W)K&ULA5/;;J,P M$/T5RQ]0$T+:*")(35=5]V&EJ@_MLP,#6+49UC:A^_?K"]!05>H+GAG..7/& MEWQ$_6Y:`$L^E.S,D;;6]@?&3-F"XN8&>^CS\COOOD=W6DB;<`$DKK%;A;+O``4GHAU_CO MI/G9TA.OXUG],4SKW)^Y@0>4;Z*RK3.;4%)!S0=I7W!\@FF$G15@ M+*J90HGB'W$575C'^"?;3K3O">E$2!?"/@G&8Z-@\Q>WO,@UCL3TW)_=YN#@ MVHLX96*"FH[3.Z/&52_%9K_+V<4+39A(.:TP"X(Y]6];I'1-3Z_HZ<_T[4S? M1H?;E&PO=V]R M:W-H965TV/C)FR M!<7-#?;0N3\U:L6M2W7#3*^!5X&D),N2Y!M37'2TR$/M61X\(@-\"1K.*B?=^ M07SUR<_J1!-O`224UBMPMUSA$:3T0J[QVZ3YT=(3U_&L_A2F=>XOW,`CRC^B MLJTSFU!20L$1IPI>4@[&H9@HEBK_'571A'>.?PV&B?4[( M)D*V$.Z28#PV"C:_<\N+7.-(3,_]V:5'!]=>Q"D3$]1TG-X9-:YZ+=*[^YQ= MO="$B93S!K,@F%/_M$5&M_1L1<^^IN]F^BXZW*V[WR=?"^QG@7T4V&\$TNV( M$7/>8OYWR59[JD`WX>H84N+0V;BE2W6YG0]9.),/>)'WO(%?7#>B,^2"UIUL M.(8:T8(SD=S<4M*Z][,D$FKKPX.+=;Q2,;'8SP]D>:7%/U!+`P04````"`"; MDP='VZ!3$*0!``"Q`P``&0```'AL+W=O M&\9,V8+BY@I[Z-R?&K7BUJ6Z8:;7P*M` M4I*E27+-%!<=+?)0>])%CH.5HH,G3B'7^'72_&SIB9?QK/X0IG7N3]S`')O<15=6,?X)[V9:-\3THF0+H1?23`>&P6;]]SR(M;W]N M_DS?SO1M=+A=.][`7ZX;T1ER0NM.-AQ#C6C!F4BN=I2T[OTLB83:^O#& MQ3I>J9A8[.<'LKS2X@-02P,$%`````@`FY,'1X\N:D.C`0``L0,``!D```!X M;"]W;W)K&ULA5/;3N,P$/T5RQ^`T[1`J=)(E-5J M]V$EQ`,\N\DDL;`]6=MIX._Q)0GM"BTO\0..[IBLZ%)]%V+A186;"%5PL%V@K4Q$"SI_>KW6$3$!'P+&"T M9S$)WH^(KR'Y7>]I%BR`A,H%!>Z7$SR`E$'(-_X[:7ZV#,3S>%;_&:?U[H_< MP@/*%U&[SIO-**FAX8-T3SC^@FF$ZR!8H;3Q2ZK!.E0SA1+%W](J=%S'].=F M.]&^)N03(5\(VRP:3XVBS1_<\;(P.!+;\W!VJYV'FR#BE8F-:B9-[XU:7SV5 MJ[O;@IV"T(1)E,,%9D$PK_YEBYQ>TO,S>OX]?3W3U\GA^L+A]GN!S2RP20*; M_XV8,(=+S-T_3=C9GBHP;;PZEE0X:)>V=*DNM_,^CV?R"2^+GK?PAYM6:$N. MZ/S)QF-H$!UX$]G5-26=?S]+(J%Q(;SUL4E7*B4.^_F!+*^T_`!02P,$%``` M``@`FY,'1_VLW4ZC`0``L0,``!D```!X;"]W;W)K&ULC5/;;IPP$/T5RQ\0L[!IJQ6+E$U5M0^5HCRTSUX8P(KMH;99TK^O+T"@ MBM2^8,]PSIDS'KNN>'$F*U[4-S>X0#:_VG1*.Y\:#IF M!P.\B20E69YE'YCB0M.JC+DG4Y4X.BDT/!EB1Z6X^7T!B=.9'NB2>!9=[T*" M525;>8U0H*U`30RT9_IP.%V.`1$!/P1,=K,GP?L5\24$WYHSS8(%D%"[H,#] MT"AW7*?TILIGV/B&?"?E*^!0)+!6*-C]SQZO2 MX$3LP,/L#B.=,VNM_,ACS-Y@U?EP#OXSDTGM"57='ZR<0PMH@-O(KN[IZ3W[V<-)+0N M;#_ZO4E7*@4.A^6!K*^T^@-02P,$%`````@`FY,'1Y;6:2VB`0``L0,``!D` M``!X;"]W;W)K&ULA5/;;IPP$/T5RQ\0L\"FT8I% MRJ:*TH=*41[:9R\,8,5FJ&V6]._C"Q"VBIH7/#.<<^:,+\6$^M5T`):\*=F; M(^VL'0Z,F:H#QEH6H?:LRP)' M*T4/SYJ842FN_YY`XG2D.[H47D3;65]@9<%67BT4]$9@3S0T1WJ_.YQRCPB` M7P(FLXF)]WY&?/7)C_I($V\!)%36*W"W7.`!I/1"KO&?6?.CI2=NXT7],4SK MW)^Y@0>4OT5M.VR]8H33A2ZK16%0+A1+%W^(J^K!. M\4^6S;3/">E,2%?"71*,QT;!YG=N>5EHG(@9N#^[W<'!M1=QRL0$-1VG=T:- MJU[*-,D+=O%",R923EO,;D4PI_YIBY1>T]-MBZ_IV4+/HL/LRN'^:X%\$ MD#-:=[+A&!I$"\Y$2#K*RW?`5!+`P04 M````"`";DP='H<=>;J,!``"Q`P``&0```'AL+W=OK\YG'8!$0&_!(QV%9/@_8SX$I(?]9%FP0)(J%Q0 MX'ZYP`-(&81\X]=)\[UE(*[C6?U;G-:[/W,+#RA_B]IUWFQ&20T-'Z1[QO$[ M3"/G;Y'![Y?#N*C!MO#J6 M5#AHE[9TJ2ZW\SZ/9_(.+XN>M_"3FU9H2\[H_,G&8V@0'7@3V!I"3+DN0+4USTM"Q"[4F7 M!8Y6BAZ>-#&C4ES_.8/$Z413NA2>1=M97V!EP59>+13T1F!/-#0G>I\>S[E' M!,`O`9/9Q,1[OR"^^.1'?:*)MP`2*NL5N%NN\`!2>B'7^'76?&_IB=MX4?\6 MIG7N+]S``\K?HK:=,YM04D/#1VF? M&36N>BVS-"G8U0O-F$@Y;S'IBF!._=,6&=W3LVV+?],/"_T0'1YV#O^C?[X( MY%$@WPED^Q$CYKS''#XT89L]5:#;<'4,J7#L;=S2M;K>SOLLG,D[O"P&WL)/ MKEO1&W)!ZTXV'$.#:,&92&YN*>G<^UD3"8WUX9V+=;Q2,;$X+`]D?:7E7U!+ M`P04````"`";DP='3VI[(*,!``"Q`P``&0```'AL+W=O<.>-+,:%^-1V`)6]*]N9,.VN'$V.FZD!QED6H/>NRP-%*T<.S)F94BNN_%Y`XG6E*E\*+ M:#OK"ZPLV,JKA8+>".R)AN9,']/3)?>(`/@E8#*;F'CO5\17G_RHSS3Q%D!" M9;T"=\L-GD!*+^0:_YDUWUMZXC9>U+^%:9W[*S?PA/*WJ&WGS":4U-#P4=H7 MG+[#/,+1"U8H3?B2:C06U4*A1/&WN(H^K%/\$;"9D*^%+(+#8*-C\ MRBTO"XT3,0/W9Y>>'%Q[$:=,3%#3<7IGU+CJK!/`KD.X'[_8@1<]EC'OYKPC9[JD"W MX>H84N'8V[BE:W6]G8]9.)-W>%D,O(6?7+>B-^2*UIUL.(8&T8(SD=P=*>G< M^UD3"8WUX8.+=;Q2,;$X+`]D?:7E/U!+`P04````"`";DP='3=_9FZ,!``"Q M`P``&0```'AL+W=O1I"0KLNP34UQH6I6Q M]F2J$D MU+_&:;W[,[?PB/*7:%SOS6:4--#R4;IGG+[!/,)M$*Q1VO@E]6@=JH5"B>*O M:14ZKE/Z4]S/M/<)Q4PH5L)=%HVG1M'F%^YX51JT)6=T_F3C,;2(#KR)[.:6DMZ_GS61T+H0?O:Q250/D_ MK3:2.9^:CMC!`&LB20I"L^P3D8PK7)6Q]FRJ4H].<`7/!ME12F9^GT'HZ80/ M>"F\\*YWH4"JDJR\ADM0EFN%#+0G_'`XGHN`B("?'":[B5'P?M'Z-23?FQ/. M@@404+N@P/QRA4<0(@CYQF^SYJUE(&[C1?TI3NO=7YB%1RU^\<;UWFR&40,M M&X5[T=,WF$>X#X*U%C9^43U:I^5"P4BR][1R%=IX'8MJ/2J7MG2MKK?S@<8SN<&KO]^UD1`ZT+XV<#,'BLI`$` M`+$#```9````>&PO=V]R:W-H965T\2M<]V!$%NV()F]TATH_Z?61C+G4],0VQE@521)06B671/)N,)% M'FO/ILAU[P17\&R0[:5DYM\)A!Z.>(.GP@MO6A<*I,C)S*NX!&6Y5LA`?<1W MF\-I%Q`1\,IAL(L8!>]GK=]"\E0=<18L@(#2!07FEPO<@Q!!R#=^'S6_6@;B M,I[4'^*TWOV96;C7XB^O7.O-9AA54+->N!<]/,(XPCX(EEK8^$5E;YV6$P4C MR3[2RE5"DKW.;D$H1&3**2C!-O#H6E;I7+FWI7)UOYQV-9_(% M+_*.-?"'F88KB\[:^9.-QU!K[<";R*[V&+7^_9,&8%"3MDEY`-#\*1-!(=)%&U"`KL^J"N]]L[JBEX%[GKTS@"_$@+9 MOP/"=-P'<3`M?'275JB%L*["V7?J".IY1WO`T'D?/,>[0YPJB5;\[M#(%V.@ MBC]2^JDF/T_[(%(U((P:H2*@?-S0"\)8)4GRWWOH-U,9E^,I_55O5Y9_A!R] M4/RG.XE65AL%X(3.\(K%!QW?T'T/N0IL*.;Z$S17+BB9+`$@\,L\NUX_1_,F MS^XVOR&Y&Y+94$:Z<`/29?Z``M85HR/@`U0_7KR3U(@H_QQ:Y?X)PT>P(8A?=TSEH MZ+47IM?-J_.]\9SH9ODMKZL!7M`OR"Y=S\&1"MER=7\\4RJ0K")ZDB>WE3?; M/,'H+-2PD&-F>KV9"#I,5]=\?];_`5!+`P04````"`";DP='>K5Y8:4!``"Q M`P``&0```'AL+W=O@6/FIA12J[?3B!P.M*4+H6GONVL+["R8"NO[B4HTZ,B&IHCO4L/ MI]PC`N"YA\EL8N*]GQ%??/*G/M+$6P`!E?4*W"T7N`&P6;/[GE9:%Q(F;@_NS2@X-K+^*4B0EJ M.D[OC!I7O919_J-@%R\T8R+EM,6D*X(Y]4];9/2:GFU;?$W?+?1==+C;=K_= M?2V0+P)Y%,BW_??)]8@1<[K&_#\DV^RI!-V&JV-(A:.R<4O7ZGH[[[)P)A_P MLAAX"P]*5B8G%8'LCZ M2LMW4$L#!!0````(`)N3!T?^9^39I0$``+$#```9````>&PO=V]R:W-H965T M%AF=#[*@4-W_/('$Z MT1U="B^BZUTHL*ID*Z\1"K05J(F!]D0?=\=S$1`1\$O`9#O<7;N$)Y6_1N-Z;S2AI MH.6C="\X?8=YA$,0K%':^"7U:!VJA4*)XF]I%3JN4_IS*&;:QX1\)N0KX2&+ MQE.C:/,K=[PJ#4[$#CR[HX2:(>&5BHYI)TWNCUE>O57[(2W8-0C,F4?"Q2+0)$$BIL1][+5L:3&4;NTI6MUO9V/>3R3=WA5#KR#G]QT0EMR0>=/-AY#B^C` MF\CN#I3T_OVLB836A?"+CTVZ4BEQ."P/9'VEU3]02P,$%`````@`FY,'1_(: MLTRF`0``L0,``!D```!X;"]W;W)K&ULA5/+;MLP M$/P5@A\0RK(=MX8L($Y1M(<"00[MF996$A&2JY*4E?Y]^9`4.0B0B[B[FIF= MY:,8T;S8#L"15R6U/='.N?[(F*TZ4-S>80_:_VG0*.Y\:EIF>P.\CB0E69YE M]TQQH6E9Q-J3*0LYS6N[]P"X\H_XC:==YL1DD-#1^D>\;Q!TPC[(-@A=+&+ZD& MZU#-%$H4?TVKT'$=TY_#8:)]3,@G0KX0OF31>&H4;7[CCI>%P9'8GH>SVQP] MW`01KTQL5#-I>F_4^NJUS/?[@EV#T(1)E/,:LUD0S*M_V"*GM_1\W>)S^G:F M;Y/#[;K[U^QS@=TLL$L"NYL1[V]'3)CS+>;PK@E;[:D"T\:K8TF%@W9I2Y?J MS`0``%@0``!D```!X;"]W M;W)K&ULA53;;J,P$/T5RQ]0`TFZ;420FE:KW8>5 MJCZTSPX,8-47UC:A_?OZ`A2J2'G!X^&<,V<8FWQ0^MVT`!9]""[-`;?6=GM" M3-F"H.9&=2#=FUII0:W;ZH:83@.M`DEPDB7)+1&425SD(?>LBUSUEC,)SQJ9 M7@BJ/X_`U7#`*9X2+ZQIK4^0(BVY?5'#'QA;"`Y+Q4UXHK(W5HF)@I&@'W%E,JQ#?+-)1]IE M0C82LIEPEP3CL5"P^40M+7*M!F0ZZF>7[AU<>Q&GC$Q0T[%[9]2X[+G(=G$U/5N6N$[?3/1-=+A95K_?7A?83@+;*+!=M7B_ M;C%BCBO,;7*]R.Y'D=U*(+U89(WY^2G(8G`"=!/.IT&EZJ6-_7*SCN8T;J[KI M%LZ_@N(+4$L#!!0````(`)N3!T?)%\PAI@$``+$#```9````>&PO=V]R:W-H M965T9XSCPB`'X+&,TJ)M[[!?'5 M)S^K$TV\!9!06J_`W7*%!Y#2"[G&?R?-]Y:>N(YG]<4/X1E6V= MV822"FH^2/N"XQ-,(^R\8(G2A"\I!V-1S11*%'^+J^C".L8_^\-$^YR03H1T M(1R28#PV"C9_<,N+7.-(3,_]V6V.#JZ]B%,F)JCI.+TS:ESU6J3[;:?$?4$L#!!0````(`)N3 M!T>!:`\PI`$``+$#```9````>&PO=V]R:W-H965TT0/-9[F@4+(*%R08'[Y03W(&40 M\HT_SII?+0-Q&4_JO^*TWOV16[A'^29JUWFS&24U-'R0[@7'WW`>X3H(5BAM M_))JL`[51*%$\<^T"AW7,?U93[2?"?F9D,^$VRP:3XVBS0?N>%D8'(GM>3B[ MU<[#31#QRL1&-9.F]T:MKY[*?+LMV"D(G3&)?4?6^3TDIXO6_R; MOI[HZ^1PO:1G_]%_,PELDL#F8L2;RQ$3YG")N?W6A"WV5(%IX]6QI,)!N[2E M%GTO(4G;EJA+3FB\R<;CZ%!=.!-9%?7E'3^_ M#;MS\/8'$\4@W="Z\B+9SH<#*@BV\6BC05J`F!IHC?=@<3KN`B(#?`D:[ MBDGP?D9\#.75(-UJ&8*)8J_IU7HN([ISW8_ MT3XGY!,A7PCW632>&D6;W[GC96%P)+;GX>PV!P\W0<0K$QO53)K>&[6^>BGS MNV\%NP2A"9,HIS5FLR"85_^T14ZOZ?FZQ=?T[4S?)H?;-3V[_UI@-POLDL!N M+;#/KD=,F-,UYO\AV6I/%9@V7AU+*ART2UNZ5)?;^9#',_F`ET7/6_C%32NT M)6=T_F3C,32(#KR)[.:6DLZ_GR61T+@0[GULTI5*B<-^?B#+*RW_`5!+`P04 M````"`";DP='&B79Y;`!```6!```&0```'AL+W=OXGMPW<[.G:*4>E7TP%8]"ZX-"?<6=L?"3%5!X*:.]6#=%\:I06U[JA; M8GH-M`XDP4F6)/=$4"9Q683:LRX+-5C.)#QK9`8AJ/Y[!J[&$T[Q7'AA;6=] M@90%67@U$R`-4Q)I:$[X(3V>]QX1`+\9C&:U1S[[1:E7?_A9GW#B(P"'RGH% MZI8K/`+G7L@9OTV:'Y:>N-[/ZD^A6Y?^0@T\*OZ'U;9S81.,:FCHP.V+&G_` MU$)(6"ENPB^J!F.5F"D8"?H>5R;#.L8OAWRBW29D$R%;"-^2$#P:A9C?J:5E MH=6(3$_][-*C@VLOXI21"6HZ=N^"&E>]EMDA*\C5"TV82#FO,>F"($[]ID6& MM_1L;?$U?3?3=S'A;DU/_\,_GP7R*)!O6MQM6XR8\Q:3?VVR_V2RWPCL;YIL M,?>?3,AJ<`)T&^ZG094:I(US6ZK+$WC(PN`_X&71TQ9^4=TR:=!%67=]PJP; MI2RX$,F=2]&Y1[H<.#36;P]NK^.]C0>K^OD5+G\%Y3]02P,$%`````@`FY,' M1R8X,WVC`0``L0,``!D```!X;"]W;W)K&ULC5/+ M;MLP$/P5@A\0RK)3IX8L($Y0M(<"00[MF996$A&2JY"4E?Y]^9`4.0C07L3= MU+V!GO0_D^#1G'G4],RVQO@=20I MR?(L^\(4%YJ61:P]F;+`P4FAX&T"X@(^"5@M*N8!.]GQ)>0_*B/-`L60$+E@@+WRP4>0,H@ MY!N_3IKO+0-Q'<_JW^*TWOV96WA`^5O4KO-F,TIJ:/@@W3..WV$:X38(5BAM M_))JL`[53*%$\;>T"AW7,?VYRR;:YX1\(N0?""PUBC8?N>-E87`DMN?A[#8' M#S=!Q"L3&]5,FMX;M;YZ*?/]OF"7(#1A$N6TQFP6!//JG[;(Z34]7[?X-WT[ MT[?)X79-S_]#8#<+[)+`[FK$N^L1$^9TC?GZH0E;[:D"T\:K8TF%@W9I2Y?J MS)!(:%\*]CTVZ M4BEQV,\/9'FEY5]02P,$%`````@`FY,'1]@24"KO`0``;04``!D```!X;"]W M;W)K&ULE53;;J,P$/T5BP^(N1-%!"E-5'4?5JKZ ML/OLA$E`M3%K.Z'[]^L+T#B*FNX+]@SGG#ECS)0#%^^R`5#H@]%.KH-&J7Z% ML3PTP(A<\!XZ_>;(!2-*A^*$92^`U);$*([#,,>,M%U0E3;W*JJ2GQ5M.W@5 M2)X9(^+O$U`^K(,HF!)O[:E1)H&K$L^\NF70R99W2,!Q'6RBU:XP"`OXU<(@ MK_;(>-]S_FZ"'_4Z"(T%H'!01H'HY0);H-0(Z<)_1LW/DH9XO9_4GVVWVOV> M2-AR^KNM5:/-A@&JX4C.5+WQX07&%C(C>.!4VB"3$,R'^FI",A&0F).F7A'0DI#<$[%JQ![$CBE2EX`.2/3&W(UII MN#`B6AE)JR;<^>JCD#I[J>)E6.*+$1HQL<4\^9AHQF"M?[=('/@"L2<0WRNR M]3')/;_VVMQXZ#P!)9^KYG[:L55JWEV#[+S(,F-#7QU6QF(D_WM M)3KPTDVG.E_QE[P8^<*]`>PH7VTNC9 M-P<4CLIL"V/2C0,7*-Y/PVV>L-4_4$L#!!0````(`)N3!T&PO=V]R:W-H965T[+S$>SCES9DP\6=;'7GF>L:ND54->N2>N=8WYWRVAK-OXH3\&WJI+*74`Y!F8>*>J)HVH6.-Q M4A/MYU']6U^MB>B=4]);#YU4&;EIH MP,`>L[4Q"7)!=C8DG!!`&7"Z@/X\`[1=N!(4-B*)G!X^%=D_$'EH$XTVD6D6 MLJM,5Y\+1*-`9`0BV^(JF)LTE*W!-(M66HB=&_'01+PP$<],+%*DQD1LI4#0 M!2EL"$Q3@V"*$(.8]GGBY(%T4!Z[*I";_T MU[SPCNS:2//WF:+3)'F!^K):Q+?AN@@=\9V:/&90W.7SK,47\A/S2]4([\"D MNB+[^^S,F"3*=?"D^ENJV3AM*#E+_9CJQIMQ83:2M>/PFR9P_@]02P,$%``` M``@`FY,'1S09UM+U`@``\@P``!D```!X;"]W;W)K&ULE5=-P/9B9V`[3'CJ3R:$Y*[9L,P'D(CE._WTE$$2B MPJ@7`_+;MV]7FL>2WDCS3L\8,^>S*FNZ=L^,75:>1_=G7"'Z0"ZXYO\<25,A MQA^;DTAHG:SM%U[;K*47%E9U/BY<>BUJE#S9X-+Y05+BF!:F=!A_7[B-8Y0`*2(OX5>`;5>X=(?Z-D'?Q M\..P=GVA`9=XSP0%XI_:\+9?+?T,4;TGY6AS8 MF:OU7>>`C^A:LA=R^XYE#;$@W).2MK_._DH9J?H0UZG09WLMM4[Q%"6-N3F MT`L2!Q"L.+P1))S9H2U;T^T@;S;EJQ]9L`Q3[T,024S08C8J!AHA.Q4"!H3' M!1A5!*Z>(5!5F!)L502,C!IF29[F27*-))RO).PK";M^AEH_HWF"J">(.H)( M(XAUD4G7K@Y3=W7$D>_[)MC.#I:K,`!\J.(F9<LI\5N'FU([2 MU-F3:\VZ<6)8'<;UQT#,=Z/U#5AM@6%]!U9/W3#^19^E%W3"/U%S*FKJO!'& MI\IV!#P2PC`7[C_PII_Y!\CP4.(C$[>)V)5N).\>&+GT7QC#9T[V%U!+`P04 M````"`";DP='.,VA7^P!``!6!0``&0```'AL+W=O(^5PA%!<&M)A\<0&TJLW->,=EFK( MKU`,G.#*F#H*0]]/8(?;WBMR,_?*BYS=)&U[\LJ!N'4=YG]?"&7CR0N\>>*M MO3923\`BAXNO:CO2BY;U@)/ZY#T'QS+1"B/XU9)1.'V@V<^,O>O!C^KD^1J! M4'*1.@&KYDY*0JD.4@O_F3(_E]1&MS^G?S/5*OHS%J1D]'=;R4;!^AZH2(UO M5+ZQ\3N92HAUX(5189[@=2E0DU>R^0'^;PKH,F M36@T+ZYF5U&N%&B10`6P2Q'.%';X'#K^($L>!Z`Y(+(!:%4&6D.FM@RKZ8WF M$"3IGJAT1>GAD#U&B38HT0HE6J\26Y1HA1(G>Z+2%669[S]&B39MBAQE@G"#/F[>[12!1G:PD#G"`SX M2GYB?FU[`&ULC95+CYLP%(7_"F+?,>9E$A&D"575+BJ-9M&NG<0):`RF MMA.F_[XVAM1&GJ:;^,$YYWZ76*8<&7\3#2$R>.]H+W9A(^6P!4`<&])A\<0& MTJLG9\8[+-627X`8.,&GR=11$$=1#CK<]F%53GLOO"K95=*V)R\\$->NP_SW MGE`V[D(8+ANO[:61>@-4);C[3FU'>M&R/N#DO`N?X;8NM&(2_&C)**QYH-D/ MC+WIQ;?3+HPT`J'D*'4"5L.-U(12':0*_YHS_Y;41GN^I'^9NE7T!RQ(S>C/ M]B0;!1N%P8F<\97*5S9^)7,+F0X\,BJFW^!X%9)UBR4,.OQNQK:?QM$\*:+9 MYC?$LR&^&V#Z3T,R&Y*5`1BRJ:_/6.*JY&P,Q(#UGPVW2LYUB$H.Q)3&S>M2 MG0FU>ZN2*"_!30?-FGC2[&U-[%/4CB*Y2X`"\%+$"X59/L>6'VZBQP')$I": M@,1I`[F0R+1A-/VDR6$,?:+:%F6;)'^,DJY04@>E<*MD!B6UJQ1K%".J'1$J MLLE+=->KNOR\H.4L]1;IM7KK^PNKI8 M?8Q[7&_K7;MN=HM]_72Y_$U^OI=*]YJCY*]U_=Y._E[TWG]KFN_]BS\>+Y>B M=Z+>U`]=;Z,Z_/I1W]2;36_J\-;_C%9_O6D_ M/W8O!W?%&N[9GL:LEQLJY_#[_7N M^/M]^$\0X[#T`#4.4!\#I,D.T.,`S1U@Q@&&.\".`RQW@!L'.#1@-03K&.K; MJJNN+O;-^Z)]K?H5*#\?Y/O>R,'RHCU:VP^?X"'8[>'JCRLM]<7J1V]HU*BC MYAIJ3$IS,]6HE.)VJG!)(W?`2-*7>^B+_="L#G--3EB=)JR'"2M@P)TWH$\& MS&!`3PTXZ*0?@C%(=D>)$5H%+X1(*>^F2AV-B'JJ)'TRR"<#)N7/&[`H*K8T M*@YYX#)1L4-4W&2N4F@C9D$9A'=0:)Q@Q<0CCSR84DA^4!Z\DQ6D2UDAZ5)` M+@7@4H3O-&AN@$:)E.:6TI".1.1(!`;D>0-2H`730[MLQ4B)G)#R?":-FB'P M0]B)3RBOI+U2V"O%6#>C*.?6F.!Y)>T6IHX$V%$JN7:02*=$=Z2(=@;C1@+> M*,,P@8$CBXDC,7*D8Z03%"F;S"=21#N#:2,!;A1G/@&')!2'!.>UC)R0P.SW MZ9!0(GJC%<@9!1"A`L.$1"%1LC0D"N>S4N1><$>*:&=P.BO#0-XH&F?N,\C+*VFW+'8+($(S=BGE\/IQQ>L' M)[;RC/4S+0^<\O3R`4)M+2\RN(Y0@;-Z@$@G=XP[4D0[@YFC(F?UQ.G$4X76 M*4(Y(5VC8_9HP![-V.0T9H\N9H_&[-$,]N@I463,Y%5>27LUNX'AL`>*M$FN M'E)$.X/9HSGLT88=HZR2=@NS1T/V,"H"C=FCB]FC,7LT@SUZBA0E5"8V627M M%::/YM`'BK#OI_5#B6AG,'TTASXZLF.45=+WXY@_!O*'43X9S!]3S!^#^6,8 M_#&`*B:36WDE[17FC^'P!XIT2*X?4D0[,WMRPN&/,>P8996T6Y@_!O(G,DQ@ M_IAB_AC,'\/@CP&/1HS.Q":KI+W"_#$<_D`1M7XH$>T,YH_A\,=$=HRR2OIQ M'N:/!?PQ'!.8/[:8/Q;SQS+X8P%5G+%D;/)*VBO,'\OA#Q09F5P_I(AV!O/' M2;N%^6,!?PSCOL!B_MAB_EC,'\O@CP54L<+1L$![#T6&,R<,#`>`81B5IG\?C?^WA\[N,9YSY^>IJCK`L4L)`P\,Y//2:%5PRF0Y%)BNY($>T, M1HG7C(7LIT?'RM%(SPIIIS!W/.".Y9C`W/'%W/&8.S['G5-DP/FQ-)8\?4=* M)SPO-K.C9L]9/4!DTQ4E*:*=P<3Q@;-Z`IAYIB+(*VFW,'L\8(]E5)0!LR<4 MLR=@]H0<>\9]*X"39!6I'0+H.-T`&#H!H,(RRK^@<4AT<4AP8@=S/J4"N*U0 M,86;4U2@5'`73,"W(`'0PC)*R(!O04+Q+4C`J1U@44'T;,"L31\RDR+:F5G_ M"$AMRYE/Q"&)I2&)N+:/@A$2*++I0V921#N#$SJ"A+:,DB;BCK!8W!(6\8X= M.3MVG&[$V5Z6O))V"Z=VA'LVHQ:)>,^.Q7MVQ'MV9.S9T9V-S;@?Y96T5SBQ M(WRVP#&!&S9B<<-&G#5B<1HVH,@E*X=;4I3IZ<*9W5^9&F%LTE+@^_;^2F%8 MI)AU80G%"`Q2N>13EEM:E7$(9WA_96J$T_,DS"PTICPT>%_LKYRO-I'*<7J: MQ*S#2L#49?GK9Y/VY9/&.U]_A3-IJ&)]TK,>*@$SB;$KR7E[Y/_ICYPW2$K. MI%$?)6,+E/.N1]CVZ!A;A?S5H_@QZ>)J5,Y["V%S87HOO3ZIBOLJY2R=8">B M9QG!A:9$O8BLF<]:""6CUKQ&*A;HY2R=8*^A9QG!I:24Q;6DG#4)2L6H)J^1 MBH5P-4LGV$WH.;N;PL6B5,75HIQU_TG%J1=/JNP:7TV^[O%:/==_5OOG]:Y= M?&NZKME>]E_S>&J:KCX8%)\.*_VEKAX_7FSJIZ[_LW\PLQ^^=C.\Z)K7R_%K M1!_?9;KZ#U!+`P04````"`";DP='^J>6MM$#``#O%```&0```'AL+W=OPL5G]V@/'*W$^FRKG_71F,;[7>1E?;LZ-LWI MQO?KYZ,ITOJ#/9FR_>5@JR)MVLOJQ:]/E4GW?5"1^S((0K](LW*U6??WOE:; MM7UM\JPT7RNO?BV*M/JS-;D]WZ[$ZG+C6_9R;+H;_F;M7^/V66'*.K.E5YG# M[>JCN'G4LH/TB.^9.=>C?/-GC\95X/N M$C[;O.[_>\^O=6.+2\C**]+?PS$K^^-Y^"4.7-AT@'0!\AH@Q;L!X`+@&J#T MNP'*!2@N@W8!FAL0NH"0&Q"Y@(@$^(.Z_;.Y2YMTLZ[LV:M/:??&BIL67G5) MVLQ>W6>KAD?>/IVZO?NV@0C6_EN7R&%DC]EBC)K"[#!&3V'N,":<"8>`KSB#')%>.WFDP*(R_"P"",'"<0X7P"N"100P(8)X@#/,HA9#=@RAXC M(FBGB?9OGDH1*H6H!*;2`Y4:44D&AR8<&G'(R7+TF$/HB%E.2*A"1`7S"2+R M[**ESRXF(XA1@GBJV+MX7&S(+#4A1,F82":8:,#<(8QBO,HB("S=E#Q25#%2 M""*I$$LU%9*.0LZK>N]`SA))P-154/<)F%?V'H.`HPNUGL#>TXP4FDJK%TM+ M'2/">6D?',A)J]C21I0LFI?V`8,@9O!0$PKDPIBC2T*E399**ZEW9#`O[:,# M7:0%IK124#(Q+^TC!G&DE=2*$EDQCA@I@$@K8;&TU#L2>V=2VJT<-R[WTK*T MI0U,X@Z63+.-6UBT@(TZ4B)')IP4M(O)Q6U,4@M)W,@FWZT`PJL4@S9BP@;H'D'L2Q@(%J'M@L7N`N@<4IUH$T@RC M`_4-(-\DC"8)(:TV7%PM;3J`S)"0#89;XSJ06Y-%@6*Z%ZAO`%DB9*RY@+8> M6-QZ%&T]BM%ZMFK<>C1[PE+4/`KY(N&,EVZ9U.(]DZ++-@6,EQJ#0L:$I?[; M,2%?)`Q?*+IL4XN7;8HV"15RJD6@D#';*&H>A-UPT]G3YO'C] MQKGY"U!+`P04````"`";DP='E"/U"PX"```E!@``&0```'AL+W=O,4_1"?JB*,1U\-KQ5V[#2NML`H(X5:ZAZ M$1UKS9VSD`W59BHO0'62T=-@:CC`$":@H74;EL6P]B;+0EPUKUOV)@-U;1HJ M_^P8%_TV1.&T\%Y?*FT70%F`N^]4-ZQ5M6@#R<[;\!5M]KE5#(*?->N5-PYL M[0 M\%_U25>F6!@&)W:F5Z[?1?^-C2W$-O`HN!I^@^-5:=%,EC!HZ*>[UNUP[=V= M-!IMZP8\&O#=@,A_#=%HB!8&X"H;^OI"-2T+*?I`==2^;+0Q&PO=V]R:W-H965T-(.DT]:(,2,K[IJZ,8L&&L3RZ*G`M60ON`6-?S- M!9,:,KXE5XNV!,%S3ZHKR['MP*IAV9A9VL?>2);B&ZO*!KT1@][J&I(_6U3A M;F,""B8"5I=;$.Y\*M$'9T]&Z+V(\:? M8O/CO#%M40*JT(D)!X`X$]T'P_DGP!H+W;`9_(/C/9@@&0K`@6/*P^J/.(8-92G!G MT!:*_@,)AQ,API4-VJL1^07Y85,>O6>>[:;670@-&*?';.>80`O)YQ`P(2Q> M@+8*QU0S.#.ZHTNPFR,"3UO#JLA^7>2@B+CK3MS1B2?/TU7.TUL7\$8!5PIX MBH"_+N`O*O`5@4!U&'?'/\6`?*55"H3;9707&X;BE86`H4 M2Z&:Q9>6`B7+LI,'4PH(Q(Y.*5=`'K"UIA20&SGKIL*%J5`Q%:T+1(M.B?ZW M4^)%!?&\U^-(VRGQS"<`0/N%\V=`!P5DST"R7FMV;]6(7/L10XT3OC5,_LVF MZ#3%7AUQ[RWB6Y#L@":>@V0OA]1#/DM;>$4_(;F6#36.F/';MK\:+Q@SQ*NV M7WA3%'PN3YL*79AX#$6WR%$E-PRWX^"=IG_V%U!+`P04````"`";DP='LRR8 M.<$$```T&```&0```'AL+W=O5RMJI=#EJ?50W')SLU?7HLR3^OF M9_FVJBYEENZ[1OEI!4+859X>S\O-NGOVK=RLB_?Z=#QGW\I%]9[G:?G?-CL5 MUZ>E7-X>?#^^'>KVP6JS7HWM]L<\.U?'XKPHL]>GY5?YN%.J13KBGV-VK9SO MBS;YYZ+XV?[X:_^T%&T.V2E[J=L0:?/Q*XNSTZF-U/3\[Q#TH\^VH?O]%OV/ M3FZ3_G-:97%Q^G'?QW'U>^[^$8FC&-X"A`8P-QG[X!FIHH#X:Z+L-]-!`^_9@A@:& M]+#JM7>52](ZW:S+XKJH+FD[G^1C@Y=MD";RHNJBE?V`-+6KFJ>_-EI$Z]6O M-M#`0,=L7<8J#DE<1([$JDF`S0*6N`=PF@/70>P25K,YS`;930293%/=TE1] ML91;+"GF`^A;`-T'T"B`Q$D&?2UZYMR7TMJ(@V($@=(%(6K*J$`368S5)254AGY+\@AJ@OA]VTL0( M^<(*3Q`SH0B%\1$$5!`@06QUMP,T,TZ`QFE"$XJD^16%(+`>_B85E:7N+:K! MX09HR%@%K`_&F)(1:X0)HB`T(4?M$*6,\5E8HWQ>7L8I32T.M@JV3U@ M.T"#(@AM),3$9,8D*#-!)H0,0$^0.T(*)5QR6JJEU;)(:N01@EJH=#U4`YOO M5KK.9A1,ULKE0(23E4+Q(C%9)Y>3%ORJ1%U5(EL%=K/92M?IFG<](2=%(A*T M5I,R<4PEIR<$CBDC3ZD1G1#(;L%C!0*U-D#61E9/-)PD7*\1#\)R5$PIPU$) MH>A;3S0<*@AE/)11>P/7WL*(G08P[V[S2'(/:7VZ4R1Q=7P.=-3?P/6WB.]H M"W!WL`8LIIAAL81@=+A&=03S<&^@!T%`-@<>+Y]`CX*@[TSFL4#:KT#:KT`8 MDS!1(/WY"4V=#HS'A#;S$WH62>XAHR+S^0E-#ZE@[TSHV^9CO38?Z[7YV+N# M==M\[.W MKJ]%46=-TN*A*Q%9"F_*%K5Y$4`>6$,BW];0GF[\0*O#[Q6 MYU*9`,Q2./".%2.UK'@-!#EMO.=@O4\,P@+^5*25HSDPN1\X?S.+7\>-YYL4 M""6%,@I8#U>2$TJ-D#9^[S1OEH8XGO?J/^QN=?8'+$G.Z=_JJ$J=K.^!(SGA M"U6OO/U)NBW$1K#@5-I?4%RDXJRG>(#A#S=6M1U;]R7I:(ONL0=X1XY@#=WFWE=ECA+!6\!;+!YCH%:PT71D0K`VG5A#L0 M73NIH]J MEN#`E7[)]MF=.%=$)^T_Z-*6NH4/"TI.RDP?3&PO=V]R:W-H965TDTBB=51<(/'L MVR\(&+K3L&TNHNC7W=/3TS_(^)2DO[--'.>#/_O=(;L;;O+\>#L:9:^;>!]E M-\DQ/A3?O"7I/LJ+R_1]E!W3.%J?A?:[D?0\,]I'V\-P,CY_]C.=C)./?+<] MQ#_30?:QWT?IO_?Q+CG=#<6P^>#7]GV3EQ^,)N/116Z]W<>';)LL%N)PURTH`@ M6S)\AA4^%A6RJ%4WU>V919[9EF>&W,-[VS*CK.[:ZVF;DR:P3EHZS`"43FD3 MD`.]:MH2Z4H MP.)MKZ@045)3U+)-:6DL8\G"0VLNYYRO16MZ.354GTIR+0#A;)X0>"6@Q6E! MF7FJH5;R4]AS#]:S(HE7!%JFEM0Q?:HA['@+>08(YPP+W'F%`BM!(X)?1PE" MG!E!X,XGVJU/!G11$.T>(\@L[T!Z5H)[D-#`&TVY/$60H:`Y@BR]>1!R%+1$ M4,#Q"[<=`?J.81W,2X&O1SEA0:5A'2E<%P4HC(8,XU*T"Z.R-G"*8PL71@$J MHY%T!0'E3+%25N)R)AGE;"G;M4KP#.%J)4&U,IQMD=\F\NM'[QDCCM/TV MIC6^`E)JZ:1G:5^Y.E?].GM\Q35.PAI'[NQ4MFN<\\B)8@XAWU=TBX68=N1) M6@(JT$YQ#K["956!LLJ:-)5`R:/$U,Y3AJK;[_[@,'2 ML'3X./K^]='')5R!$HYO&^M[N:G2H%U(ITGN@9?<'W^^;@/^QXC_WQP>R/H]$,0V;%F"**3#T)T'L\A MA']*J5,/0:1W(8"D)->T`I#6^!9FU'I8=HS>X^LL%+DN?)_OR,["U) M\KA0501T.-C$T?IRL8O?\O*M+2>LZIEP=9$GQ^81]^4Y^^0_4$L#!!0````( M`)N3!T>CQPP^E@,```$3```9````>&PO=V]R:W-H965T,[9DZ"4DO.I/I17M-;#EF`L@%$J=O7TYVT!;L MY<8<_.^OW16?A+TXZN*MW"M569]9FI=+>U]5AUO'*3=[E<7EC3ZHO/YFIXLL MKNK+XM4I#X6*MVU0ECJ",<_)XB2W5XOVWG.Q6NCW*DUR]5Q8Y7N6Q<7?M4KU M<6ES^W3C9_*ZKYH;SFKAG..V2:;R,M&Y5:C=TO[&;Y\D:R2MXE>BCN7@W&J2 M?]'ZK;GXOEW:K,E!I6I3-19Q??A0=RI-&Z=ZY#^]Z=>83>#P_.0>M>76Z;_$ MI;K3Z>]D6^WK;)EM;=4N?D^KG_KXI/H:W,9PH].R_;0V[V6ELU.(;67Q9W=, M\O9X[+X)6!\V'B#Z`'$.$/[%`.@#X"L@N!@@^P#Y%<`O!KA]@$L-\/H`CQK@ M]P$^-2#H`X)S`)?M]';3T4[F?5S%JT6ACU9YB)M'G-_6\J(QJ9VMLG4KNF>D MGLZROONQDKY8.!^-4:\1K69M:F!,-4_=MM'GBU#SHFB<,@^"Z`9P,9&<``P,N4"5^U[5.DW<:SPO'1`^&2(`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``P&.A-''3T`#`=T)R9<$/!#P MG8"_))"!0*82DH&0.(2H+U97ZG4ABWS>\FL@SH5^`<&3@K=:1"D'HE-K^PZJ M8@NU^I&3&,^C#RTT8&"'69H8X$.L;!4R8B(5@3<,&-H6T!"`7@L+@7R0-;2B M2'R8C8VA/LS6QJ2/LT&W;%!?5&0)9(\%\$T`]P+8%`"Q'27I2]9CFKX@&(`X MF1`I<8R(9>0T-^N-B&$$\`Q/:&_BV"26#?3FDYCY)!2FWK17%BPF:8:\N+6) M0TK,>"L-V,:$91F-O6);$Q4_3I\ZZ5,K?>2M,C6KC&8)\:%6U.F%#[2V0&2& MO88;QS!V4+3/G/Y?YJF3>6IECKV-3PV+;R"#*?;B5C8.(4J]N+6-(Y!Z>[JQ M80DT/G2S]1:,@&3"UYPY1G,:0/>D\`0GZ#K!"7OA`!HW0V3NNN8[Y`*G[9H`N4&A"?OF M`!K31XGWDW9A4_97X!X8P#XQO*_R$IA'AM[K"'"L(F-XJ%E[[.8\$>SXI9'] MH3VNCK/D,]3#A[.^TC-F-Y3<9?+YN3BRGT5[+!L1O'&I1IMN#CEP+ID*,)ZI M0$]J"AX?*G:0^I;J#/JYL'^0_'P;<\=9._\'4$L#!!0````(`)N3!T?DC]]X MEP(``,X(```9````>&PO=V]R:W-H965TB$O;$OYW11MV789)>)MXJ8\GJ2>BLHA& MW;YN:2=JU@6<'I;A4[+88DWTP*^:7H5U'^C87QE[TX,?^V48ZQ!H0W=2.Q!U M>:<5;1IMI!;^,WC>E]1"^_[FONVS5=&_$D$KUORN]_*D@HW#8$\/Y-+(%W;] M3H<4D#;$TG*@K-K(,Y$/W_)0N%#*`Q@'8$(':C1*9D MANE,03(,YEZL8YCK]G6IN+'Z:-)^LA)?_+( MY29]9"V1I+,,^:C*H>`,^J"U`Z$93'W49K)@/*&PR1S]7^;9)//,>1VAM_&9 MM<2W)`=SZ.4JETM3C+W;EPL`]:+8;?>P5"2Y8^+@"=%P$[[@:_. M*VP_UCA/?%!E0PF>/D@&6CM.`/J8C[8@,;&U';"]._K!:A!:#)]B7W-V>Z-,,5(V1MO M$1+..\$]/[FM$,,1`'YI$8'\0`?4RR<-900*6;(KX`-#L-8D@D'@>0D@L.O= MLM!G+ZPLZ$W@KDH`E`58>'5'4,\[VCL, M-2?WR3]6N4)HP,\.C=S:.RK[F=(W57RO3ZZG(B",+D(I0+G<484P5D+2^/>D M^<]2$>W]K/Y5=RO3GR%'%<6_NEJT,JSG.C5JX`V+5SI^0U,+L1*\4,SUKW.Y M<4')3'$=`M_-VO5Z'' M#U#]V?Y1PID2D$_MH@W%O'*XA.#2C:33OYWTNDF0;I*D.]..K4G'?K1[B1L4!I[WN,H MV29*9D<)O5V7S)[WIUSRC4N^NZ0?;7ROMY*3!JA-JFJG%S99E"T&&^@)>O0/D7 M4$L#!!0````(`)N3!T<_LL+\V`4``-PC```9````>&PO=V]R:W-H965TW#GN=11J$6&`XS MRIYO?^:JZ38XS8L(_KN33O>O$S.,]]GN3[Y(TV+P=[W:Y&?#15%L3T>C_&F1 MKI/\)-NFF_(OS]ENG13EV]W+*-_NTF1>&ZU7(QE%9K1.EIOA9%Q_]G,W&6>O MQ6JY27_N!OGK>IWL_CM/5]G^;"B&W0>_EB^+HOI@-!F/WNWFRW6ZR9?99K!+ MG\^&W\7IS-:26O%[F>YS[_=!-?G'+/M3O;F=GPVC:@[I*GTJ*A=)^?*63M/5 MJO)4COQOZ_1CS,K0_[WS?E6'6T[_,$^V8)MTZ1:2;=(E7"BV29=R07,^:LJW+OZ+I$@FXUVV'^3;I&H)XK32 M[RH_I?-!7CO<-5"5]9^7G[Y-0,GQZ*WRU&IDK3G'&A723+%&AS076`,AS276 MF)#F"FML2'.--2ZDN<&:.*2Y11H=A30_L$:$-'>^1MM@[/=8$XS]@>%G=LC/ MJ"R(<%7(KBI44Q421209'E3GH7G[72$/I&9L$TNCV30:X:(HI)KYJH@Q$TUF MHKV9")I!:&:BO3&^"3J11C3#(B$8F?\>5)< M&\V]KQ':!!<%^:%EW:Z)KY&&4VJ6!&11H6B&!T<6U1U=K#&90]Q?K.>Q%ZD& MB#BE*"(R4+4!>2-!:$W/6U&;'.EBQ5D5(>A8N"V1'.MV+"RRG($D'0AW"TY5 M"T5R*-312104=*'[TS@5/L5&\=((="3H3^.T%;5IM,ZRAJ*\"].?Q2D1Q9R! M*(<"@0BLR5(2Q?$H"LJB8,!X*7P:I6!E45(8)0/&2XEAC%B(2,JB9+!XB47` MV5\D95$B%D$&5Z\5M;W,\E:/;O#2)U8)%UX]A?8'WDB4:XFX!L7Q03=>"4=7 MIJ0H2L.H3(EVQ$CR0J8P2LLI3>N7II)QS"H91\=RG-I$(N!L2)*2+1'9``P? M*B)Y5-'1>5041B48>6Q%71XU*X^*XJ@D(X]*HA832\D*Z].)6S'RB$7`.;`I MRJ/"/'(:HJ(\JN-Y5)1'Q>#Q2OD\QKPL4AH5WAI)JZN.:_5(",<3Q=F%%851 M8*&/>84I3'+7H9^1:^SB*LMDY3J_3E$/"$=G8U94 M%$AM.6E$(L,:B.*H$8Z&<_30%$=]/(Y`<00&CC>`CJHN8J41*([`P/$&?!RM MBB5K*$HC,&B\P2+#.7D`I1$PC9R3!U`:X7@:@=((#!IOP:=11KQ_;H#2"`P: M;\>49:L>ZT*(W`H/$6BU@W14!I!$PCY^`!E$8XGD9#:32(1N-":?QA$(T1 M;W,TE$:#:#1Q*(UW!IU5(7Q]^7!8]<5\*++&I_'3;6H3^H5!_U_J0_-!QU[> MT7.,EIP.;3K;7?C0Y5L=^,Z).?+B9T;TT??W0Q&51^X:#08*QK M9T/[GO%;&GUBS:>FR0V#OK;SW? M@II[I`DWQ'[)#(_$V4PMW>&LO\,=>*)E_:WKT",M)/KT3*M]Y(@]T8=:[1-' M)/K\5&OD/6+?)B_I0[)[66[RP6-6%-FZ?K+^G&5%6KJ*3LJ%6J3)_/W-*GTN MJE]MM8+-ET^:-T6V[;Y+\_Z%GLG_4$L#!!0````(`)N3!T=-,>:I*P(``'T' M```9````>&PO=V]R:W-H965T),%I"F460):".R\O*UK+DM>>H.>M M_XPV!Q082(?X4])6CIX]$_[(^9N9_,JW/C09**,G922('FYT3QDS2MKYO1?] M]#3$\?.@_J,K5\<_$DGWG/TM>?N3]C5$1O#$F>Q^O=-5 M*EX-%-^KR(<=R[H;6_LFACUMGH![`KX3@)P2T+H$(`MI6O$ M@2B2I8*WGFR(^3S01L.%$='*GNS4A.VO;H74J[]'S!]XN@LVOF(/K>MB'D MA$!HP<;U(-O28-G.(>PZX05[UX.LTQHBB!8XN7]+%"S8/@?D[A\8G7L-N=#? M1%S*6GI'KO01VIUW9\X5U5+P28&UL[;W+=QN-]]]^VVQ>(S74='+-G$*W]QG^3K:PI_Y MP[?%)H^C9?$8Q]OUZMM!OS_^=ATEZ6^\79K\91>?9KMT^T^_"2>3W_SA]T7R MA]]O__`N6^S6<;KUHG3IG:7;9/OLG:<\9I*EWHE7/$9Y7/S^V^T??O\M]N%^ M8^]CEFX?"^BSC)?5;_]YE_:\8=_W!OT@K'XYWSWTO'Y8_^6^]?QI?E=L\VBQ M_3^K/:7Q=?R08`L8XB):Q]56/STFV[C89FGL79^=WS8,<@HKR*,5S+R,OWC_ M$C]7VYWN\AQ7^3XI%M#N7^,H1TAX[Z*M,^7)23`X&08-4[U/5G'NG4*_ARQW MYIDO%C%\#]\NN64CO&Z?-\[,0?_DCXT=KN(\R9:-JU9'^+_]M__6>DXV!-[# MAPZF5%O*O+5M_SAP``!=E]Q]%3U4O[V/5H6SK>B)2YCN.R+A*Y%M=UMMH6Y+'+DVWBTH2S8I%G3P4-&"U@L"*A.PLKS>!7ISWL)M_!3O`FJ5X+ M)%$%?+2(82TPG^^E\=;+[KUHMZ%"`&GC+;'>WO=^M=)?JX)_2:)WEV^2O M,,$JCHH8`+U>)T4!*^+)5EF4$O2=OE=YO(F2I1=_`1);Q-P\VS["1:V'(\.[ M_KL/2727K`A@WU6_N\B`&'F;Z!EW6@,>!H9\KR!$,%-+)LKLR'W#@&(MVM]G@MX(^"JQ>FB;O=G M@"+;9^=C@/Y]#.1U*4^/[QWU>_U^`*O*/<#/7>S!Y>`O?^>%?;_?IW_2W(MV MV\%:`5T+M9/%;6!2QRO[V"&IHLLE*7+ZD;] MUN4-QOYL,O4'DS[-/!CXTV'HCV?A5Z_9ARM4;.+%-OD@0$A=GAGA4-%Z;R&#.$'K/5,LX! M@V-"#_?*I(A5>;9:(4"2=!O#3K=(EHO=79$LD\A]1GFZ^@$=I":`UK=M>R.. MKR(D9(_Q-H%G[@V\&4?>MPWF^G<,%6<<6SZ*.Q6)<_#V,S+`S>^]01\6[ M``'Z'*<[%_FO81?$G=1_?4DDI.E;OJV;?7/H132]D[I!ID!)D$1I:8M/Z,)Y M_&SV;1M]V;NTIIEY?YJU``3`XW).__LXC5$$H4=_N4Y2DFJ0G+M,IV$$N3DS M/K6)5UX,@LW?H3D#8>9]G:V$/=G@/ M,H/1=S$P>+'W`$?A'>/C\<;#RP.,J8>,7U(`/X.SW`O#10OD]=0?#)SUYP3Y M/N(L=MBIPUG^ M%"8B]=$>\*-P6>_&EU]T9A#&GY3E4"VIM8@LQRW@!>X0>&V9) M]4*`+;N\0I78MC.7T/@2USV]]12_S!1;U,V57%%P)R:D0@-)2K\',=A[C)*8LVC1)^C9(5X<@+D\(1HW+J+>%_>:AL)JFOY8F+4:;`]9*G^`.G\ M'B.03XDY8G$4^*:QMV;F)T;FQRLI,SNK@N@I;&`$11GUIX\DLSD\OB6=7:%T M=IYZIRR=-7>Q9+!W+*9U:LNH69TL>G%2[LCJ>C2&R"7DZKI&)K1;V\01T@%Z0#I&L#@ MO<_RIRA?NLKL+PM"3$31AHNB:%A!7$V9T+;0R*\;V=DQR#X$)AA-YM[!IX`9BV+>X%P[4-L2C+7:)(S.Y!]L3]DNZOZW*ZC.6*#)M=#N`NW!': MIOU3X.!#RTB.;@$_/;F#IDMZ<^!6LVC0,F-3G]8'MN7%P;>&'BQ&-9B8Q7-< M>^D-T7R MQ7F2C`+0IS9(PZ/TF17O.9^CA6Z/\6KIW8%4NMZLLN<8/GEZS+PM#H>-LZ?4 MZ0+/*F)!!<:D9#!@?^(FS?H/R)QW;WW&U5S`*7&7G58E&Q;4I-)J6#3$5U M&-/I5#MU/-XAR4W2-[5#T-EWTPI4L9]?R7UX9HQT-)=E,&SB207C&]M=Y=DB MCI>R"D21HC-B:0@)4&HW\:).7P'(>];.MP/R7<5ZEBP;)/=N'95TVM"I#./D M*YF4J^A9T]G8,(?W)++6&D?MV?/X<[;Z3(,#@8(UWT<+O)O/-'L-&V/-EK99 M/_=84G2XRKC8/D-#6A**M165AH;U6K9;U0J@SKJL+* MN]XT_=C<[U:K9^,'052_D3"QE8WP`+9-%P;ZK9/=VEG?CXK#+-NS#I5$]#!E MMDK=,0:0$K7JW\!.3&^+QJ9AD#T\.`GFR=HR3!INS-%MY0]1*GR'[QD63MDB MKF#+B'**+ZD;L\7<>7YQ>W9]_M%[?WXQOS@]GW_P;F[GMVF,'AQJYV2R8`V\<$&8$-O/8>*@)W:;0#HH6F^,?L*?XC)UT[,\HX1GN8`I$D^X^*(*=WEGDS98>D\[/81KC:VZM&.]9K; M^M!]POOW&`LYJ),$/J7F:M\,9NX'U9)!M\[8__X]__'^KQ_7Q^]1___O^^,>0B65MKMD@- M:24!I`6<#D(%'D6\5#0Y[B!*TQV:PKH##K:O>\.%W^:[A>9>WL.T'KK&]3IB MD,&$QQAO/6#0_2I>;-$ER8LL8>#I,5D\^@I?LDV2"M:OHS1ZH-%\PHD4,*4H MHOR98!/Q]=Q4K@J.8=:S4;X!\(VE[60'D=SX/I`#0XV7B$]-<4R89K?B%]BR M8RALV3[F,0^KI4[!H%KAD_U6$-=]]Y(4)2%N8=AZ]J[0QZX1W5F`^Y]W M*2&Y=6\.NC#8@UDR5`K'<%,(GVD/-A%%=)OSC;QF4@ISJDOU+QH4N'`Y"Y

^K%IIM&8^'Q6T\?4W>>$N;_"%=[14*PM:C(6\?Y`T#A"<&+P]+?Z'L'J+:% M^>C@V)I-[?4P9$D4N&C$S^#MA_&!,%B(5%J4.E4X?WC:"J$><02'BNN'S=BN M*!5;W3V@5TJF!"+6HAJ6B7BG,7O:TFJ#WF@P#2<'C:+WQP,!)B`WDW]&=U5J M((\..OAL4[8H5NVKEUINON)&Q6.R\;T/O:N>=XQC`)+4MF&L812WT`[67D)7 MQ`C&Q7?Q*GK"R[!*UG2M-F8P6OJ"G<+A(`'@2WAQB"H#>+<)/YQ,>0CN90<> M2QP!^IOM'OC^UJX;*%@C_4,IIDQ:/+>_4 M+6T?'/;Y9WP04>@5->`"KE2VQB<.9@-^`?=*2^_FOPC/B772K)ZDMVXCWO!C M[C@>$L;%.3^26N=4]G^D-YD`#<"%'_,=BAW`K\+I1P^9[[V#LXF*D_=(S7Z" M_^`5_R'#'4"CJ\G\XM:;GYY>?KJX M/;_XWKNZ_'!^>GYVX[TE#HRLVA8?3[B->*^ISB&8Q[K`K"@0B^A%6\4/T%<, M3WPJ[':'WEB?XUR8)WU!VD8_#*.>-"8!OO]99N31K;ML3-&*DVN8&J$$G`Q= M>>9^D",F-3S3TXZBB>ZZ$TZI;;L`P,)"`%KKBN/P\%I:5Z1'[5N`#P]P=$7;E/=*.(JM5ME"F?.7C@HJ,VD-A]S*0BE)O M!R3%4N'#RTA&(T!B'A*7WN)JX+'%2RP93U4W%ECK`AGR!T8;7D?K1I;&9L,< M(/`2EGHN,H;]3L\D'(M%!-5K5NI*`A9"F@VV,%#-ZU0:L7GU)&CB&3*_L$WP M1.AQ)[X[R\EHQ<\7R_N57:`4ARLEW03^PB*=?H9%UT%K5M(`7?:GFE,&D&3" MQS:>'V[<@E#/4#!#&'O>):S8(#"::W)ASB/2,6'`_7TL MSS^K2N*E5HJ433Q5I_F*5E$%?VS+#34Q6`HC719T:Z22NF680[`A;5U`[D3* M";F*]L-I8$![AI=A5\0E@JQ:+"WE&5,ES61H8ZM?Z0%C86S2"I@/E@V5DE*' M\8BYCOXV`"6%>W6P/8%/U>9E59^^^<@U><53M#%@-3`H=AL%++S>"3P"22YA MF-'J&:^"$CL649[3^V``@EW<6+,>BE<[NG`LW2Y(9ETF9%H@>0E>_<):1@^D MM06P804=DG",/PG?FNNO4*`5)G,#!YLKI8%"CI<]9BC8YDMFAN_B6C64\/=J M/EM?0[>VL%3%?*KC.QD@,)V?%C:F_[+L"F^/'M.=9$7@W6N'+ M8@?/^$SG$'])6*-N6=SD/39Z8I)G7$5RC>H/MVU4MA:W>8-28X1T]&T&/W[+ M>K_W\YNW1-V-J%V]5`]S98:B0BT\YM3@NP4U13PM_<>%\,VAH]Q MA$37$,UWFA`7/>A5G5PS;MY?=AGQ"GF"7*/&"1:76"Q5FV0U[A)%]04Q*?J$ M+9)NB"XKK+^OG@UR"P90<">7=-(E1@SE-MR\S*;!L(Z!8"Q]$>3L9\$YW>2@ M,(8>2`MY\IEUD+C:P_$%<;>=:1J=;ERV`*2)>#B3[W39!7&1=/P]C*[KU M@+Y2E%.O&MKL6[(X7^<-OZ?P\?UJAP25R0H9NJWN%J5$*GRW2HI'/%@E3HI' MQB)>(E+06>9)\3/1GJ(0S;2\"]$&;:[1RK>.DX)C0.S=9KG8)_?ME1:DN2-^ M5^H>HZ)JCBH,Z6&JR8J*W-:+6[IDZU)J'HM8HYK;+$[0I-W>W6GAK?RX$,>K M!1=Y383F$[.`?]-*X>\\2HN(U:[,-Q6Z*SR`*1YR[28B9]>_K7=T(X.5VM9Z M'2_1TKEZ+J^2>5P'CFQ^JB5$@S(A`NJ"E*57_;:)4B05XL`858#HL8I4D#31 M3O.8_JRGG/5B;*@(4`$_9^(6,V>=UIM=VQ(9UZ->//9`>T^IEC)5&FN164M?SB3V)LTT&*\ MPQ-1QKDWOFS2["(J2(P5:4*W](CURQY@F?(RZTY:9"IV`!J>?X%N&@4+7G27 M)43/1PQ%M0G2BE5,N,DW%(XU1H)A/XF(X$#T=\!2+H`?>U^RES5[9Z+A#>GI M%^)Q`;..A@,*!T>@'0T"^MVFYB++T/64#*$EZ2MC/ M%'\2>4/K!`H;-:%?I?`G:D?DN:D%>9]Q,V4B64?/(A>A:D@]DQ6',WR2O@![ M)\9-X-Q0DT<2NO8[YHN/%'C0[T^]#UGZ<'(+3Y02#\Y35+KA`)=:+71%<0.B M1J)N^`GRPWS]/T<`[:I*E]9OPMZ,D@S!P]1`RY%Q3LX(*/>@^4-<'4E%%&\K MG$S)J5X=,0T7+1Z3^+..+1*^H6[D!+T*LCLB+)KW-:H:$*?62.#19[6DK.`G M?%LKBZA]:F;\@;(@,2/^4TE3=13XX_',X&[@#X8CA;Y%4P#!?5>29_D$E'&< M_#+**QGZP]'07LFX/^F\DCT$KF$=CB)<1R*UJ+RW(+R17E+X(8XXY?<5PI275;=QS6\?C" M\^!>M)*8OVJ+#$1T:(:@XPNDUUSOO))8KF6(CW_9`:<2Y_`LU.F72DO6;I[* M7N,K"_!SU6N+K>-+NS&SVC6I4OQV1?G62H("CTLKD"3LBB2U9U^#+PXZ:&._<69)M-2T$$^06"1QN51H M+ECP'5)+RMA-K.4U<=PG:A7G MGZ[/;]'S86Y<<^I5NLR=&R51O0:]K&+OZ)<`CW?K2,H4L=2VL@PM0BI[T%9% MH+_YKC+=7$'P#:)XD&9=]VCT&);OI5*RXLPUV[,M(,I- MFKT@J[:0Q/)):3"#`+D@&Z)E`5,AN2IBNGTKRCZJ7[2C@:V2"@8,RJ^3L7QX M:`I^8VS?X6Y6-^=M4%&=U]HJHY-C7EN90B_J(L[4UVV/@CW^0[^QZP'"MQ,%GN M1`[;QA^LP^_A+`+TYV M#CO,]T,PLFX+^W0Q_WAY?7O^;X"&'\[F-V?>Z>7'C^7%XR2'R[G%_#A#2`E MC2`:/>,CJ./+!?$.931)JP/R**H3^%5J$_ MF89RL/0Q'.EL-,`?$_B:TPS5I/6UR(N=!0\8`S^$?F_PE^$$L8>'6#:LHGF@ MP.]/^H1]XYG&/>QC$A4W]3T"#!^&`?V<3F8NAMTY](58W$XX5&GI?'WV]M8[ M%75G2>=2B2<2/]^[+,_1-USI:S]#8SA^.T@SSU$E(K9>\=^H*G.TNHB=?DG` M5N9HF";)K4>CY`C%P<3:)J@%U$I2"I+#RCL0FPXZ`6AG47M=/98;6KCJLH=: MH0)VXJ5S#=[%Q2)/6.39=R7>)U^0""(P.,KF*.CW0F\-Y)PL3A_.WUY>>YL5 M`'G0Z_>_\3`YM$\T_@;C[6@T>)MQM"G@(7)T0=\?COK\RV@,OX3]7M\,V>]- M1]_PD$%O$GZ#T!OTPM+8[^.[?(=ZRV!"0T_@BKR1K,KJQ]%P8H;UAKW)V![! M"*DXP*#O80KCP=`;`M,W@\YCLTOH.RW-_L]1RI/3W#.@$0.XG6.X)B'`9V;- M.NH%8P.K\V!:FA;/:DP=AQCW,X`>\N,H&)5F'8[J3R+0 M\S*[)#^P^_#`[D/N/J3N-K1&O=FD`0_4XH.Q/PK[ZL=1$/8"N_NL#MAC-77H M]P%IY,?1S``,7S2T+EWSU2T$)2N0'\P4Q@S?P%L_G4[H_RD`OS?6JPA[HQ*Z M7(+(8\X-P.^'XRG^/QW"^@-K_6%O6MJ^Q&G1\H,Q@G`43O#'N#_!+-PSW7-0 M`=P%VN1IR5.YG^%@1N+1^U7&B@SK8GY*B5N.T<$U95=6(D>E.QKT1GVZ4$%O M%GY3F68BMS0`$(WQ=`&Y@KYS/TO##4,U7+]VZ1.Y(I6KZ8WZ0W\P179K.`,< M!-8(:<-53OQ#Q@8)[=F*U+7=50_=$H;8JC%&W@*^&O1"6IT0"$,]*4:HH M_/2(;GS=M`(/8V)!?0S`3)\K3L0^",:*J%18\)$ZML:D%+@5)HH]0MI7AE+8 MFPSV06EN7!HH&-RJDP`?7<%KN4S@);U:17^-2-6@@A.!NU6V,W8HT5E]E.V& MMH#R7&"1(&6_51QFP89;QT:M(V]6R;TV*1*HV7K-/KSL%YBL-SLQ`5L`@#Y` MI(<(VTLKB$Z>+`ZD)&=S6GR)1FPJYQ"U`HG\K]#4#9#`\".`_(\P$/K,W:`5 MAL[B791&",Z?O6,T=>"%`B(K]F*F27R2Y4W0].N(O7,JI(KV94C)V.S+M]+W MJ`"^4E3V)EE_**C"5 MW;PT*\)#(B`IZ+06&'RBZYY4SR.#JG*6QOH7RME"^(5@`&E'+E*'#A2\?V<0^,?N<&L(:RV!. M.U$8!>WW\@$Y[6H+R8H2KC%V$P>+<=9R!F\_7NH\GZP,!S'SIWBU*KSW4?Z0 M6?IM09:/(+O`H7L?GE/,.W"58,"2#RQ=BM?B?X_6F]]Y-VL<&Q62.8`/N5B6 M4BE41$XODJ`DD%DS223NDV-F=K+"^')A]<65X\\9P`,$A.QG+]_A3.(,AH/A MT6#F>%1-T1#EU.5>1.$@"D9S_,MX<;S75'K-FB:A/%M6%QU(Z^OP3,]@T`NI MM8IGU#!2NKV2V59G=K?($30@$217B8U\Y<+#A%7\_"1&XPOLQ5'I?TR4B<3<(_:#D))D[$:1Y3_3KGDZLMM0[GJZ,1C,0DH^J]!',S1^ M#1C\&B`H(1'E$EEO\J10,AYJ@]%A=P&RZG>`?__=.QKU#=T\Y'9?4XLX1^3] M'0\5UHUD&!;5DUR=2)L3<&?=F=R0Q@.*EZW`R&OB9Q>Y MF2HCK5ZI5"(/V=&,D)W<,M,2II,9&EI46>?Z.'6]I!*>,R8KOP"T1.VCD4@0@3:;5<*!N6MX@0!:;)R@<\;[N*6(1Q5RM(HY<)8A MY';&HZK,=&?VF+.##5&GLG"E.6J-+@C/BL2DG=/4A2EZUC;7<92R`Q?Z=U/( M^G<`LC?T$3U#OT7?")1YK70"2`9][_B.FP'GBOAPG/"?*DJ8:*6XMHOS%@U( M?SQE".$UUK.X!WJ'!/9^AS6W[O+L9WQ0BWC%*5]*7FJ+:X"A8>R)F:-HH& MJICB>W1<@<_X$S'BS>6;,>N8[@[''$)7)U(OZCPZE6Q M@T^-?^96@J:!9XPITB5RUT5 M61WD,;"9;7_+^#X"L9L?/],`I+ID(;E:B+/:Q62HD/C!\:OT_4N@%0K'\GU^S2\?F>24,O+HNP M.)`@\MUFNWC6!G/\GO+\8/IIE`1V#5ED2+U`;+T$?\%=TF&LF'G'H&#==:@? M\F@PF%EJ"O3V6^;1D_)7T/U]G8<-<#=B/X`:C@G['PTF_=Y(#_E?3DKY.@X= MI'&CQ!Z^6(%R!6]<`2\[B;U?HS<9==";\&3=%2:H\K<4)K8$WRQO-VE/7(M! M'<:8)792G!PF1E\:)>3+55XWC]F&;*/\*<,PWJ\[M^'><^NM(J M?X'3JR=LI%@/)D/+1I:D^ITE8O%$"J`5VK%S\3.ZPY1X]J47>)9S0K!+41#V M)A:5P_A4XLK5BU>N$\""*26($!9`HB"T&+;1Q`O8,C@!FE\Q_9$JDZW!9-+: M+967*-NC>8=WF#=8W-,XF6!FHH$TG$V>CY2ZH/?G0VJ']QB?EA4'&4:"%[%. M0(HN8ALK;/1%CY@/QC,V`([[_B`8B,UK%/B3X5B,55._#QUN4=')+LW! M8.J/)@/MM"/F*]>=0467-T7A-_?H$,+?T:?B[/K\Q_GM^8]G[$CSP]F[[S%A MVOP4/F/'X5LG%*LIT#UI];,J%9/U/F22\J#6@_3<'=UQ_>U2.YH]18-QG:=L MY_Z("G.4C57NN_K]FP"7=C@(RET;E_ZH:*U/I4$%4U-E"JLK%O52_/]T^CU-`VJ$Y!&5`0^_C/GH6[>D_HI8A.@_5C1',T(/YIMWI$D>8C!M& M&`7]?2/P&F:3AA&&4UP#PN(G#)E9D@^."8",FM,:-")_:C(JM&0:WI>\URFO MH\^-D4'7*&QLJ%NT7'NWL=-B?GT!A.#&NSJ[]FY^F%^?>5R_4&_2%"(F!>6N M7$=+Y;A#'76T6HBS&#Y*J.7@T*U]]3&_J@:D4DBFAQ<+)0T,[,=)E]=8Z[$N M+9ZJYE@#,%'<[ZH@V;/>5Z^3^94PPJX.C)HJ8QKY#2_7$H&#-ZMY=3WMS*>X M%1-H+!&S3867JD&E:(M,4/%'O+SE*$Y,FU3=D+A,)*5Q^0'HZ/3 M)/F.K@7GBF@Z\1JG_6X.Y\-9WQ\.AO11V!_[83#4!15JP^L9'^*E'>#%UT^6 MV[Q(S`@1B5D-7F+)Y_6D\G"C3'RBSDV28W0MX%7>$GHU\4.K)CV05@[.(PC.9\I MHHLT>'`_*4QC:R74>7]P^(.[V<'42J@!C-9K[S:PAI<`F)=NU_C(!%*OP5;/ MZF#+1IIB=&HZ/4-/."&[DKR!'O(G]=^46$)?TD=;6`OR=?2&H4^0-[]=`,\/ MSV.6?Z>8Q);WDX29V9"9X"%R1""(#`;TR^NI@VUY3[(ELOD&.O'Z/0C#A1T@_@B'_"$M+>RDV MPK#]\G_!KXR-3?L;*];^/^,9#/X7/P/9W[BF,#4NZ;:N&IOYKIM2[/SB]/+C MF7<[_S_.;K1=6U4]Q0ETU(ZIW"=\YI/MHD8ZU7B%"9/P"_1+P"2VE)"!X&M8 M"AJH4&P5?D):BY0,ZI0&&O.E<__J$3HUN34\2;9M/$P="L2&$!_FY:V64[ M8'^2'E45>263AW6DI-_E#9!2=XVZ97NP+6F*MQ[ZK-3D3G:*W.R?DJW/J#94 M+*.T+:#E0@19:UQ+\5ZRMU."#N5&Y=,6)(C+>$U%%LFV2\U$7,A!WQZR"9>& MOD=HW$?)"H=Q#YN<5)[U;M&%BY7BZ"5U5UK#O8-SQ"Y8\K/E>A2M"%$X5:48 MY*''&Y6AH@)>$G@?=N@I8LRL.(/D6+TM-^=DUF+-L?0$Y10<5K8/,=B6TL`N M%<;A6'&Z,"':6RS=\,#6>%*^*9FN-4>C[=$@1ENJ^2@9TW6&#PND[)N&)7T^ MLJL6[%,%#E34,0C;9R776H!60/*.O8"]L7;L*B$7^#[9BA^8&MA4E%.';.4J MY0'(]26S%L_!2!'("=]XA21+-GE;L#P&2@Y2/J>Z(]P*11.F%N[XDH3YYM2; MC"2ULDTN/ MO-^^FI(@VY]U7XZKLJ5<+4Z1&DQ]H=-923X7DD=;U+1__'1^^Z\4P@V(?L./ MXB<=%[3$G+Y6!`Y24W9)9^]RDR;-E)]!KU=,@^/MR`-VU*<@*]IMEX(=/D:A M]8$-V$3*(*3%5CX7'C+9!14F)%#NEGUWH`AH?`8`5*K").0*>C5;*'&-W8V#^*,I"" MM-,^![OF7U5J$M8Y52J6ML.@H/6#>*#8(06" M>:5+KDMT<-8=UOP"^T!UI-'!#Z/^8\ZHBM[\Z-#*6;*MEQIX@IU"_U)&6L.3 M'8-T@Y<:@0A,@>":[5=*P,'01_)@$W+BK->XK:5TYY33G5I-N6`8T0H8C*R0 MP@KC1G9LE&(.0^4D53I8?,U,3G=='882J<=K)B=WA`2EBX-,0J;)+[H)`@5/ MV;A\O0-*.X+7U@@T5J:R.:M6@MEP:+].DGR/:H=D=ZOD(5)Q#W3>DN&@!D*, M7'B02*21I<9#*78%GRKSJ[:V=B_6H1^L@F_-_[5O2\8KW+U,QZ/D86;U`BY0B@VA"\/7AB$C3#4?X"Y''? MH$P>D;O_)8@CRBC_OZ2-(IRUD$Z*COZXJ:(L;I*K0.9OV MQM\89Z+V4IP?*D4/6YOK?'F*VS>5<7,T4(@N$//78"J5?)5U"'$O9 M'6W`1W:S+O``@_N@;VM)LTIM^4_&7>VG:?1AUJ$>=?/,"#5$9 MF"]TV9GV!_3G=.2/AGM<6S#\)%8ESZ-48ATW^PCK3F*09)N=9RLW"_CM`7I8UO@*Y'9M@>XJ4Z0X;,ZSO*^9R MC?,"*PH(D^P;ZC,"C'*`VP/(/?X:WQ)E(J>-[RK*N@MG8?A6>3_(TEEU]$=9 MV17"H`S,*TZ\JT>4'N+JV]!!S>*V=3^A_=U00*U>!UK8!E-,MN6-_7$_L#\( M@H`^G@0#[WV2P[.E>DD3((F#L?HC"##5V7@XT\[P_5XXH:1.P=`/!A/[D\%@ MQ)]C!D%.*)=AVOWZ=8VFH_*Z1O1Q.)MBJO)\Z:X+4VFI=<$2QY2/J[)UW7@X M-HW#`38.9DT;'L`UUVVGV'EJ-AST@A%O+_3#X;]4C-:NG^-=BT.3I/*\L-U6<7YQ>G9!480B)OP MU8?Y!4M@0.DY@5I_ZM?8]*@&G^BU+)>J4F:E`=W`/G>_4\''ZG4JJ<;T$"0* M4?('(E]<"H@48K:?URFY=KZMD)9-15XKKXLUSIR^8,!KJA]&4U&,IHFD@&.U ML#75K;RU)RDK[\6XK(K'\3ZD2!&)*B0U"_FNVM^K/)"E^=U3[ZA;(6Q[<.8[ M5"BS$4&;?%]H/S*[5$:H<:Z3\B.4H$,2,A`=3ZQRX^5Q@;&Q=EQD`CA+!K)# MX,WJ#EL6M%ZMY$D,!KWP&RUQ[MUX)1$I9M(UW!E-R#*M\2L_MDK!F]?OVRQW M>FXI#X,JL&.FD?0I)>I`.8&WVUC+V34W2[(:X4W=EG%4GK\J]@F"LO/:B:J& MI4?TK60+SCF;V9@_K5U3ZT9P$#9R_96!P:6AA%'=..E/J*A.HLE;J1T']L,F MV(B?*-.5&2?"*XX2>*$*CFTLBS2)6,@G)'1X!*@LUX'KD29#/-[>?6$4?=WF MFOUF&[Y1]]\NV27'9I)6VR6I^$LVCW!=$Q4>NVU>)">=48!4W%#4--PE7?YMJJA=++`&,Q*>#/@I\+DR:(TK6*ER:9 M'2D@U(1VV;S"0N[:*6@H5`%B^N0[O$IW&<88G+M%\[;HL;XU3F5KTJ8G5&C" MD?FG/KUFVFGNJ]%*MB\*3ACK/D8]D^%WE!34_-;AV!3K83L][<3I-IOT_3Y042K#EOBS[X6=.PW(T<$N,")^-G/N1G+QUY.@=/YD%',9^UE"1#.AA./5GPS[A M09\*Y?B3":$,E1EHZ3WTA@/TB0I!J.UA4`"0``[00$&]I>/`F\U\%.EAS7WL M!Q(R\'K8;]C6+Z#@!@IP"/V`:@_@'ZK^@$5W\E)H"6WA&S6]AK')ZAB2<&&4W3L#P9"PT#C*>K?7GVYNS\YND"-4^<)-RG.5;`V) MTSTG1V`?`NW@'POO2<(#?P`L/T!GNV/2K-CN`+@0QTF3[XW30`*]!O0UBJR2T96L)IAR*1S:CIVV)G*F!=^GS*2!J-FIRG;)MR^F M/('BX0W=!A3<55$6%OQ66$=R;T67AM+9FO)AOV\ MM/L&5]N6W)[D>F%5?50YX%2Z)QK$P#TD!%Q'D/Q+RN(2E*B1.5=A0;%+1!5O.391+/O_, M+L:,NB6=/F[[O"&]Z$KE5P$DE7<-$RGZWC*+"PGS(5[2*V0?5NBP`PXJ?GA& M[D0M7[4`P&[57.WH^FS^P3N[N9W?GF'*+=[1W$J(1^C[,7I6^FKV@J*4>2A< M@_@4IU0066?GCRS0D"J42F*3DAOP%06R9^]4N5&I.?_C__KO'N4^CQ^>6<57 M?5K#,CM`N,N9,\EI3$Z&\1=3)\V&(Z_@(@?W&<=8\:*05$S#;S@/E?81(+TN M9L]2OMH4"U3PJ3)!G^]0@/J MNSHI?["DQD9I$"N%-9![01YCEQ=6-0^V8F""`LM?4.&8WP=AN1G%IB^`)#;[ M&!<1,D+BX`8=KAZS.$V^^-X\3_Z:I5$7Z.(2=2K!GW#ET1H>:B`5OQ@BE@I) M[<7$X<"?@=S9#+_)2S!Q]P!RX0>BP)T1L0P=+BCS"\)H=``9FU&BA488S5Y" MQO;`*)C5P2C"+.(S^)MWF$T26,N4^`XGX`-9/AKF)1KF(1U^V@LV=2?S%IN MQ^3U8&5E**V]'D1MT=^7IOIA%]_ABW89_5S\4H0$(-7O#*G)T)\-6I[]V2N^ M^I8:H0*D'U!6PZ?]Z^ELAVMG>_COA4^??.R:X?.2M_P]`OPO,Z>@?$_S=F^"!0OCE`6 MP4D`>MV@6!R?9Z M(3\=.2")RWY>K*P4UYRQC@;@R&W2'V'F>2N=+&'$,B/I">.B#[@UI0)R$AF@ MW/$Y,$0E72@>X9!.J!P&^L/'N56[E7F_T-KY3Z7*D)QA2+NPDUOR_JSF M/GU9NJRZ1%CZ1DK8/"8+06O!D3<*!E[@30=6&YW.=3@&22KT1B-O"/_>5=,( ME&HCX&B3$?T(PIILJ/P%_0BG.!?[,DAN,2M9R#&F&AWPCY!SLQ[C^;XQ^)?+ MC6(ED50)/@[$`D(FD<%AR9Z.))W3$26@.I(45.AMZ*1.N3&ZVS,NS'",<>G% MF_T-6]0XU;9.@T]O;\[^^`E5/6<_4FUY[3-8)Y6C&(GI'+68><$$^A=ZI`<' M*"T&$Q`HP]>6S5VEQ0'`NZ-<`CHM[VB!]DP#)1/\C MP$/)^$SA"=DJ62"!.U:_.%Q24WB)%:U$%4Z2K?:NV)22#*C\=.U!3`@E MI@JHR"7=SD)*((B'C0`Q7EH63M*%JKAV]G-277?I=N]V`8"%A0:TUA.9547+ M2(#478S5OK!,`WGM]JK^^\X^#UR^+CE3&.4\+E_"WO`4M)FI'456>!O<0(GZ M0[&<2/'IMU)XD?J;(^-X2#%=-*?]5<9H7%N=74Z5DS+!0:T;J4FZ+$<=\-I#F]C!.-=.U`EG3NKN1HUAMKC2 M$Z"S)_C+'1$4M7#EY$MK9JTH8XX=>J5/^9Z]6LF&WW1^N'$+0@[MU`3-4,L. M33A,S,X'A8PV&S>I:E1$UJ9,7YH,!:\I;#MSU)51241T[4?A/FG MOPU`%QQ!4QZ,PDN(1M%(V>YNBX.K%ZG:O&R6K:L>H,!J8%#L-@I89&N&5R;) MI4I5M'K&FZ,3DI>*T^@J*7;B--Z0#OA7XAZGT6#+J%_6J^^*3;2(_^DW]-;EG^/?N+U,;'@>6T*FVR?87ZR[YP6'>/ MGOR>UPE^7"R;4-.D#2`8RK(X9$)G!UJ;]L):6$GO(\O$3^\.R:")JJ9KRO(@ M;-YKF%KL\XWDI2NX'N1OX<'">N#SF[?T4)WK3(S%R3M5FT@R>%E9#QYV"4VF M8&PO,6>L3E@JL.X/+0R]BJ1@$Z7Y9LI''+,A3$FJV2K,IX=(`R^>."8O%KNU MU*1@YFA1*L!2YHZ:?"LL*%MK1_U:U<'B`]I*O`#&W>QT>3[.RE<'U5,[:`)! M.[\Y)9E-@X&+,+"O);_UZ@%R M3M>DE..2JNG2"F^QTH3R*3M7\+`Z2U_5F?,"+(!9E!`&;[=-$+$!A?0PAJPE M9D"_E&"SYDGQF;=(B1LXX+"!:^19NX'?``B?HT<.*VGU[U;I; M+L[35($'J[F18Q2&?L*2'Y1O%3VL=;5\B/@+5XW5F\T-UYRD5"MS2(/HX"@# MCU9UK9[+SQE)`EJ@:_`+I)4N;2VWL'N%5;Q@WER0*')V_5M5>;2\)XJM4=LR MCG3E53(G[\`QJG,;8\(R*%,U3#,*9*I7_;:)["052B-NW)(T3Q@Q),3F^?R= M.X3JJP4RRH)*X_Y.,&X9KTX(TZ`C`D30_XD8'EDDB>-W^.@B(6Q)X:**R[!/ M=A5:S&I@'6X`KSXTAY=Z9Y4>O=(<;">&H+YK3[P#C&V)5&=KBLT1.F2+2=&6 MV-N>=V;52+7=F]D5UDQ%3+[%59:?:7+CE92ZS+47RFC$GM2*3Y6JPF(.,<,3 MK]WS3JOMCENS`9/3SWVL\V,`][]@GB-)Y0]G$GN3!EJ,P7BV0'KH*K[Q99-F M%Y&Q3MDMO42RHL6*8="=M,Q(&:LJS`[P,L,.+YP-R]/JN3M;!(63."=2D$+$@=E"^7F=E MH967=SAYW95UAMC(7=?`RE[\RLLZ`&`U"PL#"V"#UP:8HVLGGWX.4;%C`[NV M@R-P<\<]25@RJK'TP4BV?B,N?.KRG9: M?UPJW,;J2PJ3("JB9>?F.`,,+"CS4K5A'C1<)7RW)8*!@NVR.R)(FI4W.BZ0 M#M<<-4-.84;#P4S$MLUMW<@6QCN^O(-E2V!7DC:'G+Q.T%#&O4U M]E+I*\2^1-JNE//;&ZUB<4%G2!BD24V\NV=J%8U!^`'P15GRP M:@LBJNGTH&1YM75WMI5:&(:ZHQ`ZK]$!&BT'+$5<\O76S+:TB:/7< M*A]FV'*8;.;A(T,G.%2`ZIQ%CO`1V0\(M56"+K$H)HI=M`NTS<^PEM[T:97_9&M#1&Z1766IU)&5:6>[W`ZR4W09@/5= M:V7Z7'G_7%.4+<[B5?BP8#%L9ABQVE$?-(>Z[)ES#!SVEEI]EPW%]]N:>;2:'`*?C#&_)P3?S:; M>N[&]0K0`PW/$SJ$8V_J3T'@F>_9PG'HCV94^77DS\:8CT3GRQSXTR%G],1$ MM8YO1AKIR_$ACDB$I#1$1:%3MWU`A2!EONR$#`U#UH]8'8BG8;6"<2%;JI)' M@@2'4D3WB'!AG,E:K0NSG08#S,8:^K/A&/K(G,;GFQ2RH3^%5J$_F88ZEPK6 MN0G\V6B`/S`/#->E73F3V(;2DG?T,>:M#JAHKS^D@KT\Q+)A%4`XPYBWW'_#[Y@I<,:6Z*/M@4OZ&];7WOP_G;RVMOL]H5WJ"'KK/HJ>T3 M#3&A3A(M.078D@-XWQ^.^OS+:-S'LA`F!,GW^KWIZ!L>,NA-PF\H@4-H.+$BFX8]C.(R(QA>$`<8]+UAZ(\'0V\X]ONS M/@9#AU;?:6GVX6$8`GQFUJRC7A"VS#K"*#!H-I M:5H\*RHO!NL<]/T!])`?F)+!GG4XJC^)0,_+&BGY@=V'!W8?A->K- M)@UXH!8?8/+COOIQ%(16B!5TG]4!>ZRF#OW^N*]^',T,P'P0>%%M>XW82E4+ M"24KD.<,P(@QPS?PEDRG$_I_6H[B#GNC$KJH/".!`K\?CJ?X_W1(&88"J^>T MM'TIX\5EX<8(0LS[')`NKASB.J@`3L=5#J9R/\/!C'B3]ZM,PF3,Q?RD"YRM MDI2=ZZC06>F.!KU1GRY4T)N%WU2FF<@MQ6CA,9[N`'WEG?M9&FX8JN'ZM4N? MR!6I7$UOU,?X5'S.AS/`P=F0:`/&B0*ESUAGIWWM\,VKL;"S!'9/%(H$IU(+ M^&K8"T.3=G^YLTH3/G+IFQ[1C:^;5N!1+C=GE[JA@#`R"AKUO)(4K;IT\$FV M^DP/5+5"W5:(8H^0]I6A%/8F@WU0LB+@M!:04BK)532"0FQT,0TG-: MZJ=2H!MI@G92A@A*0/B&(UTL,$JN=>Z>IUT07D5LO]0 M(A55RP#`3%R]8/B-ZWEL/\@?HZV2$AJ>9]5Z"7*PW99\K:VD7*3JJ)-QN=AB M,\],B>HD4_Z[G92G09$E',V$M,"5&L^8N(WA70@&L%<$<)Z/)0#.\JR1UK\%W/D+3*(`+* M:ZL":U$OC1Y_(->:#YG)&DQ!<]>EK']GRJUFKG5;;:V0W-WNL_7`8=0$^J&X MWD<.=T__$;4,9Q2HYXX1S%#DOVFW\N`(DW'#"*.@OV\$7L-LTC#"<(IK0%C\ M9*K0&6M@U.QEU.1T5HHM9&\%[LUFB>R_#M%`$@;(N8+TBG;8:U`@(%[(8@/$=N' ME&D%?XY&8Q%"K0"GJC<3YT/!B3-(NZB..0_I^B?/NNIDQ-:I)H6EX'8K,^ M#L9#,P9G3#TF"7G_]EI,=U1#'L"JBL`KC5*E1\O"@!/NCQ#30GB;_.ELBK`# MHG1`5#''%&-$,<<3#\8VR(\9YF\XI*PSY"F\F<;UCL>'13GO@Y=:+["[(\I< M"R),"W+8'B`JJ.ZK0(YH.IP$C*ZS&27MG8930MXEA'`'O["K(?P%[Z!+EU"J@W[Z7+_?]$+@N6$2!\- M/T+Z$0SY1UA:VDNQ$ODQ2LC@GY M1[JQ?Z0;PX<4W5O75F3YC7'R.WX7;X$ZNQ@:E`ZK^NT_[U8]N1?]$=-.MTG: MT\>+'%R)]NWGG'1XA"L(!;=:==[QL%+$DF=LAZ'^1)6NQ_J6NC(M#5Z M>+.95]L)?N1"V33I3K$6_%@ MG'>=]?8[*59]]6K_@/3K>;BYQKG4S*OO?ZBW M6_/Z]CJ[U3NW5;W8WG2A,Q?9YY[79U<1Q\%ROGN`+]D#9E`[J4EKT4J''%>V MOWV=,]O?I#VY&S7=O/>8H-I$.RQK/`= MO8)/G?,\U3E05!O13+_2`F&8CTF*Q;,=[@S'^!57P26\W<,*NQW609Z*SBN] MC?:>"HW9924'N#VZ"=.[ M^ZU6AZ/FG0ZRNXNK.\>T&[(NVW)HS+_# M&ODU[+K&60T]KUWC*_@A_VH3?0V^O,[T!V+*\%<\A1?@B(O'KK/<5S+T+C\3 MNC"IG_678+9K)WJUIXZEE8OHCPGE^8W MS8K>DG#:(,"6=+G2YC1;H="N\X M_`[4B:JVG:N@;?B6E;3=`'-:RB+<.FFU:UOI1T221K3[`61P<0,IVEM> MQ8ML3Q,0S*A:4GNKZZ:P#P<>Y:]];RT7ZB[+<[8W+:(-?-NA:_QE$Y&1J?L8 MC>OL2L-K%!<'CMDL[[]@H'J1O6V@5^.1]AZ/*<*T_UQL2GD0S#ITK(?1+\Q! M.IK-TG!V,(VCS%?IIK=-#YFKI'0C>VI5EOMTX#J%RC3T!_BBM4=%#]0'QM38#MA0<64%+"B# MPIDR;#=ML"5BH?:,OU56.E@1>L@5_AY0S]-MHKV,+8/8V1>5APJMU`BKW59' M#[D>QZW@+_OO5?P>)0[+!0E*6PHF1V6JK@V-JGG:)>FB??G_`@8N-?T\' MWGH[R[E-+[XU>\.=LUOL="W>^:[.K+F0),6+X`7^.RW#,?N M^2ZBLLMX]7/Q=FVF$MH;."[=VB6/9^+)3/307;R(L!C(]C%.AX=9NM/V::]^`I;?LD&.1/BI8]I(71HV');2XA,OBN?T1V6Q6 MB92(@F[$.^S0511VIC-YL,]AY>-D-+R_ZH!)OH(8_)"ZRVL91O'NYK?(HNA.1LQ)>] MY8:084T@Y=!`BDAG1%UK]AXI.9<0"VZ$FGCY+3'W% M=0W_&JM$IW6#&+5(W#H<]&W$DTLG`RU5"M(>JE8MN&K7V;0W=BF9>G)/U),K MQ?VL>3H/7V-&F$WJS+W0=EC;=N)^6NNY!"":WWY$1\&'/%JWJ%:PDV2Z;&$4 MFI%,3JH.C?2%:7^?-==@IW=H68MI3[Z0+2TM+T),TH^K\#4_KW.$MPV`X5,V M_]"XB=-JH!4S^#5@:1Y3'"_W>J$US/4"VM&ZEKWL7GWD3)TNN,O+77F%ZQ<\ MW\"[U>=:N2.=KKWST][E8:O7*_.4KL^(%:IC9[_WY@"$5&H!WCU[=CLAK]Z< M,N&W/63&1'";K%6H$893X`UI]%&D83]+*T[DZB@1*9C$90J^'#[=@.-26KCS MJAULUITPIXQGL@!J>F52TW=L.IKD0GH7H]SK[#KCKO\RIDLL.X':):>$*'@L=Q2#WBW*9BB:81/J94+ MN90CO\Z#<_]\5@URM%F]?&I?Y2+G[,?4L,XGR4)\3O-V:\H'A`335<0UKGKM=YS+UPXH,[78)YC7S)42O9?;3&M==1\ M^>IMQ)=U-RUN%+[NHV"(:EE+_]*MG;0P&<&@ M-<3'%I`=ORK[RQJG9?-E\.HOL^]=;J20PZ7%F/[I&E@L#%G%-BX_+;*6%;C: M09MWTAI]ZXSF,GE-R_C>?;M>N@9[J.X+^/'58/#C2_9O119__0K*@W5?1%U8 MUCLWNHQFFR)0MSYKQT9;[KU/K7>YV!H?F(Y]#+^< M`'G&@94F93$ MX_OM__P?7;3==>WJ]-SUHG391:MQ+%$,JW:1*R:@/UFX=S!2IE<&JVM'H<;] MH%L[T0<$#1NU#Z1-P->:5N3CN;Z]+ACI``70)L7$C9[RRFJZ)!QGB2%P;.C/ MXXBQE[VX[N-XB_A4MSD=ZKZQ)!*L0YFXC-LTK&/-3_%E^3&)G_8N,^C76H[: M?,Y^0-G]-,OAM6H<=CJM&U5OS$JYBRK\7;YXQ%!!4K]7.V%N@YO'#$L0;[V? MT&\R6A=`R3$6K7'Z2=WTE*B3UR M;[[\?RPD=]NIV5UICV_9^5&?80S?SG[%PH*8Q%QFF MK[(D;7>XIO.H#G63[0X>ZMNBV/[A_P-02P$"%`,4````"`";DP=',$+_KN0! M``"2'@``$P``````````````@`$`````6T-O;G1E;G1?5'EP97-=+GAM;%!+ M`0(4`Q0````(`)N3!T=(=07NQ0```"L"```+``````````````"``14"``!? M```:```````` M``````"``0,#``!X;"]?&UL4$L!`A0#%`````@`FY,'1_K`&C(_`0``:0,``!$````````` M`````(`!5@@``&1O8U!R;W!S+V-O&UL4$L!`A0#%`````@`FY,'1YE< MG",0!@``G"<``!,``````````````(`!Q`D``'AL+W1H96UE+W1H96UE,2YX M;6Q02P$"%`,4````"`";DP='6)'OXVD"``!0#```#0``````````````@`$% M$```>&PO?\H4&*0(``),'```8``````````````"``9P=``!X;"]W;W)K M&PO=V]R:W-H965T&UL4$L! M`A0#%`````@`FY,'1Y^]B'!4!```CA0``!@``````````````(`!H28``'AL M+W=O,:/UPA04` M``4>```8``````````````"``2LK``!X;"]W;W)K&PO=V]R:W-H965T&UL4$L!`A0#%`````@`FY,'1W'^ M?%RD`0``L0,``!@``````````````(`!O#(``'AL+W=O&PO=V]R:W-H965T&UL4$L!`A0#%`````@`FY,'1Y;6 M:2VB`0``L0,``!D``````````````(`!LS\``'AL+W=OR"C`0``L0,``!D` M`````````````(`!0$4``'AL+W=O*RD`0``L0,``!D``````````````(`! MS4H``'AL+W=O&PO=V]R:W-H965T&UL4$L!`A0#%``` M``@`FY,'1_YGY-FE`0``L0,``!D``````````````(`!WU```'AL+W=O&PO=V]R:W-H965T&UL4$L!`A0#%`````@`FY,'1\D7S"&F M`0``L0,``!D``````````````(`!@E8``'AL+W=O6P`0``%@0``!D````` M`````````(`!%UP``'AL+W=O&PO=V]R M:W-H965T&UL M4$L!`A0#%`````@`FY,'1P^,X&90`@``C0<``!D``````````````(`!_F$` M`'AL+W=O&PO=V]R:W-H965T&UL4$L!`A0#%`````@` MFY,'1R1##RP7`@``;08``!D``````````````(`!U&D``'AL+W=O&PO=V]R:W-H965T&UL4$L!`A0#%`````@`FY,'1Y0C]0L.`@`` M)08``!D``````````````(`!N7<``'AL+W=O0``>&PO=V]R:W-H965TS M+)@YP00``#08```9``````````````"``9!\``!X;"]W;W)K&UL4$L!`A0#%`````@`FY,'1T;_3"04`@``-`8``!D````````` M`````(`!B($``'AL+W=O&PO=V]R:W-H M965TCQPP^E@,```$3```9 M``````````````"``6V)``!X;"]W;W)K&UL4$L! M`A0#%`````@`FY,'1VKE*8C[`@``=PL``!D``````````````(`!.HT``'AL M+W=O)<" M``#."```&0``````````````@`%LD```>&PO=V]R:W-H965T&UL4$L!`A0#%`````@`FY,' M1S^RPOS8!0``W",``!D``````````````(`!:I4``'AL+W=O&PO=V]R:W-H965TV(&T4W%(``/!F`0`4``````````````"``=N=``!X;"]S:&%R C9613=')I;F=S+GAM;%!+!08`````.@`Z`,@/``#I\``````` ` end XML 17 R46.htm IDEA: XBRL DOCUMENT v3.2.0.727
Incentive Share Plan (Schedule of Nonvested and Vested Shares Activity) (Details) - 2008 Long-Term Equity Incentive Ownership Plan [Member] - USD ($)
$ / shares in Units, $ in Thousands
 6 Months Ended 12 Months Ended
Jun. 30, 2015
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Shares, Granted, Non-Vested Shares Isused (in shares) 267,280 2,058,930 328,005 99,700 0
Shares Granted, Weighted-Average Grant Date Fair Value, Granted (in dollars per share) $ 13.65 $ 14.40 $ 15.43 $ 13.03 $ 0.00
Shares, Vested (in shares) (192,844) (133,774) (15,270) (16,208) (5,169)
Shares Vested, Total Vest-Date Fair Value $ 2,791 $ 1,721 $ 224 $ 223 $ 0

XML 18 R33.htm IDEA: XBRL DOCUMENT v3.2.0.727
Summary of Significant Accounting Policies (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Accounting Policies [Abstract]        
Conversion basis for common shares to OP units 1   1  
Interest expense capitalized $ 32 $ 26 $ 58 $ 51
Real estate tax capitalized 21 7 37 32
Share-based compensation $ 1,669 $ 1,234 $ 3,343 $ 1,607
ZIP 19 0001175535-15-000040-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001175535-15-000040-xbrl.zip M4$L#!!0````(`(Z$!T>7ZON\EBP!`#AV$P`0`!P`=W-R+3(P,34P-C,P+GAM M;%54"0`#S!;%5`L``00E#@``!#D!``#L75MSH[BV?CZGZOR'G#P? M=[@:D^K)+FSL/9F=SLV9VWZ9(J#8[+;!+2"7^?5'`FR#C6WL@"U@U5RJVQ)( M:ZUO726DK_]XGT[.7A'V;-?YZ9S_PIV?(<=T+=L9_73^Z["E#7O7U^?_N/J? M__[ZOZW6']W'FS/=-8,I_[V0MVIV>_N_B[_6JT M6O%3LTO>Y`55E=L",E\DA)X[JF2V)45HDW\4HZW^W_LELN2V*3ZC%_5%EDQ. M[+Q80MLT+?*$J(J&'+WM_1E/[$OZ_S,R<<>[--W`\?''3^=CWY]=7ES0IB\> M,K^,W->+N/%"X'BQQ?$MD3^?/Q9@3.C<]%S<2A^4T@]:R,Y^AC1D=$?OYCB[ M/VW)>,!V7I'G9S\2M6508WNN)/#*XJFWM[,+_V.&+DBG%NF%L&TNGMO] M4/H!C%XV4M*^(*WSCIYM9I-`&C((\/P9WM"?M&0\$'BMD6',%L^\&-YS.)&X M(4/8I`6[$^1E/A.V9#]$^9#]4-B2]9"/T6@CG]0+TC[O^N8MZ7X;VSZ!G.L@ MC&S_B^E.Z;MEKBUR\^[T/=:*3BS8'S6FNOJ97>6HJY_L:F_#L^/YAF,N$/J^ MAN@W,>S-JZIZ$;8NNGI65D?R6O[BCV\W0W.,IL:RL[V[S2 M"UL>TL]_6PXY_R7FT`:>78I"N1++5X@EKM0\F/#\5`APR&=V'"$/),J9&RE M/8VM5![/*H,S:4^)?PU]\DJ:7_5_!(2(E&=*+1;]&/%AG\?3:Q3=N/YG5FV:1/E%[& MD[_<2N+YU;S;&HU?+S*'B.=TL3XIEES0,GC;4]2:9=D^X9\QN3=LZ]KI&3/; M-R:U%?M6>LN%`&O1ZSQN`>/`D'$H,4#;WSC<&YC\5ELI)\EKH.KO'Q=HIAE, M@PFMR^JVYV/[.:"VU+MV^N\F\KR[EUOD7SNF.T6U!/&AF7''K.O1%V)U, M;&=T35Z)D5=?4[*-W(:9EH,A`X%%_<%QF-\!8W(D8W*$0NG^TH>)9EG,2J[')4RS--U=BBZ]TA,KU(S(F?8_JQSUVR=M\&Z4-PN]CDGQ_W+TY MR%KVJ)X)V$3G4ONW$%KE5(/$&)ST(/X23#Z8Q7S2=]*MILH>OC/JOS02I?A. MT!*6M.08!9EOQG]<_$2_$[M[T=&SKSE6%#P,D1E@>P&`-P\GT%'IE?^<))]? M$9HOM]!<96NYIOF``_9Q<`Q[0!EQ35Z,PX^Z%R(?D,S@WK5)9F&/QOX0O2+G M'F&3=+EU?:0'B+RF'=&]>-6-ZXQ\A*?TE93-B9>](^N1L)(^6T'OL$2Y3N&^1Y3V]N*)E_(^S2_V+!1&9$^0QP%T_]9F#;>)Z$ M0Z878.83J0_2]^8M@S#?8]15T296G]*R;8)>W5QW[Q[O)X%WYT0.FAJZA-Q] M=]YP:SLH=.-1PZ^.1V-!9-V0W]V7'OF3':.DDUL#)Z[AV\YH;R4D;[1<)]P, M\FPXW^]>7A".\!+24Q_5+%$\1U#B;/&6K\>YX-$$[=XKAA$@XMN?6PRZPBI@ M-T=>'5JY1+:H[2$ZX$K17&#EA8SE^!ASKE MOG7*P\4!= MNN'KG!-_G7/*'!_6VV"]C?'X!#)\IA0",GS(+@[=>0159*@B,[DFM]RE\.:& MFY`A$-J\D6,'BP"EI:,4*C50J6$]HX33JN"T*J;S2OB&$+XAK`).X=L-^':C M"CB%?8VPK[$*.(5<'W+]"M5-X60M.%FK8C4`.%FK))C#R5J,6?-8(6[=UW#. MBC_>#LYYXR-Z=2>OMC.*SF,8&*8](;14#ZG9HIZW;B7SF'+G6YQ2O-Q%+1@% MGB^T$V+?8!*'OH'?7->BN*^>E#?9HW6JCBA4KM,2VB4HLX[,*%20=HOU-WLR M,49H^",P,#)\W7",>P-_KY>4=Q)Y7`LN2$4+79AKWQ(^T$[4.N*G#QM(B MT2M0D\5U2O!#B_1&Q-9.`"/3]>IEH%9(.J8/4EN<6&)`F2>T^!D9%C7-!/$U MDVLV9<>-&TL),7+G"V%=G?QXXQI.]>2ZV0ZG::IR)J!_6J++I-!P1NDT\9OM MV--@VM@]R(4`:(_Q%A)8IK`I$10U#M/[AE.WC*]HS,Y;QE?Z%W93:A7.\Z^N MH:YMO?%$?N:4)WS9SRY.BB=<9DZ(Y\F=IV+TQX1X4B?%WJ5.BHWEE4<1:E?A MW/@=3.F,+E<]V*K1GE!C3NHWYHVAQT>>3SW]\,V8U4=/*NU#YJW9XFF"=IS: MGVSY*+,.VE%U+W+H1Y9UT8YBSR^JOS=@[/@AL.\%KV?5'\&,K6K5%\'[5E9S M99Y01"TL_8-Z9SGUSG)Q#XL,#.H'K#N`'O[US7@'/61/#Y-2`3VL@![NM\(. M2G?R%7;0L!-KV"&[DOKD#[3H5]U%[\W0SZ:MRKN4!I$1%?Y\TBM]$2QD+W!A M+*1;93@ACI@U,(:0'H#L44E3%2%[K.LI8&H6[+!^.Z=&E<<&[YD M!"X9EKWJD^[7H^(()JF900"8H!J8H'R%BY-_WKZU/KG#)M7!F%3Z0\:RRY6? MLB[U2_8_48^$R*(*Q@`B"X@LP`3!=@HP0T4L)VBV=LI MJE65@+6;>ED#6+N!]*8RL44^$W6D$_MW6Y/%1.IC-Q@[#.5T4<2*;!NHC/D" M_R)-@"QH-8Y;\IF8>F]#JI9^[7P3VM(N?=@9[LQ;+\20E]1]^/6\`.<=@_+ M0XH3AT:;[A0-?<(72N2-:Y+'72?UV/ROG1Z?XVC"C'8/X`4`,(#X4Q!(+(%XKV@&(`<15*U')8(D!Q)\`\5Z6N*P3 M'Y(Y8->8&(Z)AF.$TF"DR9EFFF[@^-Z]\4'+9(9CD5]P@*R8@ZOUEMSJ4"4P M;^)0E#?E9%%1."](LUC/W%;/)0&4`DJ9/4TD&1!H9%J6/0DH[4.Z"='V;>3U MW\U)8"%K@-UISYW.`C^4S]U+W\".[8R\>X2'8P,3=F6_8('UN]FOCNU7L$A6 M(F,BB*R21$+9-'UEA6_4@M9'$Y`4= M&30V$QQ_@I5JMI5BHI(I@[ML-A!9R($S@`CND@5WR1`XP%TVW$JQ4FY.`C&J M?[;_(R#G;/79'V*C@5N8< MB<@::XI:F=C*V7BM9(6U#;-:JPO$FW%^Y<&T1:SRPU8W$$0-"P%3*] M(JGM*M^2R6T^OBW[%Q@62:FOL6RZ\O\S)1 M!^'N1[+KXE/N14W3\,;)#IL*F_F+HE72U4]R,5'_S&1CX470H@JPI_8OJ:I9 M-54$8)X/YG6%6OJS0K#&%8=IK:SQR5/X2$5XIE2DTDE%]56C8@FP6([7$$$E M0"4840EE3Y50RZD)'=%+`+Q/$;,?4'DJR?JR%;.#]6VR]64D1F0N[1Y-R#B24TU@(K4(G& MJ@0K@13Q$DRI!`123*@&"X$4\0(<"U[CJ$5<@/F)]O@P4AP]HC4&J)T&:FQ8 M-=8J*!`+-SD69J1B\GAG-K3)?/W;C.Z`GA:73*\+5C4@:]HKLW(AIO;,_H`P+'=:J'P!2/ MHMAQ.Y.*\M))'D?C[L?D_Y+<&QEO<2&:^&>_V M-)BN8)2*R'9&"X@NA!4W5`^*"\J79BU%>E'(2W`N`EXVZ]C>TD#^%8HTGGM" MTG8:"\DDZ0#)$B&9SY_3R">Z?8JRBUX`0)@;7E`U#)X]]",@M/LNG6'UX)?M MG/>EN.J>,CX34.3\\18H+.^ZBY/[,&8Q'"MQ"1[]*5$7J['ARD#.`0RJKWE; M@2HKJUEI6"_2$81?7#R-[H.'=,5:3W\W<*@9N0IK>3AUV]R#I",SI%)(AI(- M@BK;H$FX;8ZNP0A"D6[[LZ&;[30C8$O26?4P;5/V6'ZH1IY,.``(W$H.W':Q M&[)4B.$@A@/S3-^5$"J8Y'),\B86@QDN$-?--<\GAGN3S?9UPFQ#1%T//#,8 M4:D9$SYQSR#@4%,#"(EA8.2Y3`+"P#Q9A3[`()8%% M!+"P#Q9Q3["()8&%!["P#Q9^3[#PQ8,E#EGN3-^EN[ZDQ&[=-YJV:_FWU6OXRP??XJJ^#'^P71XIH`@[1-B)?L7 MM:516FYI5#^/[<;CL_!TG5.+7WLKTIJ!Q(N5>%+'B]LD4Z2.@_\"_[5NG?*5 M");]BUZE"K=E89>\PO_03!+(>G9X_(!&QK&]F1O_-87W?R/?>'0_C$D/(ZII MU@`9_ACA-]>UJH/7<+=4?LHC*.\FO9&E28!2Q:%TP-DP94'I`:!4=2@Q<2.# M#%"J.I08.&5V)=?G:2)P"*0&P<1WG4?#,<=/[IN#>H0;"&O6?PQ:-;PWL(DF M-8=6?A8&/P,!$!77#,0B+OO]L8*OG8@?A MFJ,E)_W'A4JQ-888*K?N:SAG^4"D/(T1>800:%B$40DMJSE"=M!]3&20V%DN M$AEZ04;D=Z)$MC'UGC"QL?<3XV^CYIC81/"Q"SS[+5`(!2]0Q+M)^8,PTR/T M_F:CM]@`UQPPF=0>S72LW`U:H.E8.!5P*55Q*:M6).E4\EB19/\"E_`ADJU# M),N:BXKV$HF_!)./\$@@*--4MTS#TZO9A'VV&]'^)1Q8^DFOEUV@J#F2MA'= M+'\7I>.A2>(]_R`$_4R&](FM;TR^M8G@(R;?J6LA&2K+@#4YJC4Y:D$&E@&J MOPRP'A'S>^[*X0O=E1.M6?+?"`/&XJ$."(HW1UZ?3)9O\JQ/%GVCC@Y!2T6" MEL_>9IWL7\+*-JPQL+W&<(RE2'&(9O[G`IRG,1KZV'`LP_\Y0,\.PG?&]PKM M>3^T;+R1Z&-F0FK!>QET0$4E4;'J:M3]0MM4_Z)"Z&C@@-I::5PY,.L4!2SH$LQ4(9E?KM,EP M-D^=-MF_N!0HVN^2.+Q[>?9IG_#(7[LH9*4]_I+\$,S1+4<>0<%\-Y(;^!7: MS;?XN#N;7\M/NS,9MA5J9:%^,\./&;`K!1_@S1J.;XE9`1P?$<<)AE<9QSIC M.`9[7%=[O!J)))&<)Q)12KC;G27D@P6OJP5G`?F!8T>P#SQZJTIX`T$*9N'1 M1.E9T&=N@RG"AN^F1&-?3I'A!1A=V9XK";QR^>M0GX\];TKQ+N-5B4%TY+A3 MV]D\3,RK\%Z/G>.LOFW>MJ0PV7L#CU*\R4?MKK<:\X.>,M]-`;KH<<#;(^9D MOGH']W:]N><2=?&)Z";VW\B*M<[>,%:X'6G#`P>,C>G-&%N(FI$_'O!:-)U- MW`^$-I(P[W`0NZ8$YZ9M3'*Q:KWS`6/ZT7EB&X>)VP\!K8FS7QOX&(TN:?,A M8/WQDJT%T5MI$W0A([(][@!+W=D3I#%MJ;P/-\_OWHQ)AXA:NWEBR%[`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`,P->JHDD(A%$`:J MW.DK4CMR%');)B9Q336DMKHZ];P3*XZ@;=+HZCU)[&D=515U4=%%D1/C$$0A M6JTJ:](@EK1HBG1J[NSG("P87#O]=Q/1XW*)4*\=TUTUN+M$I'&=OB0K(G&? MFMCI=GH=-?;E:K??75=H553%SB:2=DVM.)*V"8G$!B0D(G'K0-`[NJ1V59F+ M#7)7Z:KZNI!D?MU(?9:F.[K63J]+Q&A,JT"O*.I_XWJ>]FK8$ZJ)`Q&D?\N"YW>_)`Z%XG2QB:I.R!1_9H];4GM(W/(LL): M(,E;#-NZ=GK&S/:-22(4W`\1;9'OBARORA*QPP-1;7?XV&01MZ=VUOR44A$9;6'0B\WOU_]JZLN:TC5_^BI'I!HQN/O<[X M5A*[G&2J,F_*B$YTKTRF2,E)_OU%'YXCD6RN$C>Y)E6)[5BBL#6`#PV@91D2 M+#[?KN&@1A?[*@[N[R?_N1G>CVX>/LU_U=^NR6SG6W`W,B*E$@RD,\805'8U MJO>.R7B?*+>Q?#7CV(NN([)RP.[[A4>W%_;?;Q*%4SKX$(4FJRQBT`7G"-:P MIAEF/KN#O4H(_!RI\UB^7(ER:/OSY\>KQO M,=#I4"J24T-4*N/0_E8P!GO/Z71KP^1XGC2@!:%\@QHP5WD&M'?*.$Z*2&-. M(1>#N3\#-3O"-1K0)+1ZBV?`7.49$!Z3+R91B0S\0&J.PO4,8/$V,_98JP'. MOLU)-3`=W;S_]-W-^+:Y\#OS]J@%N:DESV&]94.,/9Q4Y*5@IW\T>"G\WL']/);/;S MF`7:=0O56M_!F5N.CGV*U6S_G*J!<:C[0E`4F1U16PA:03.'TWA\'G?DK@X1-LJ^%X%BUN[T["_,3&,EQ1(CC40M M+`K&.MZA2=@7&>I$A6P0SC?D]F3U$++/*(FV/V@ZN;_G'_*NUJ=' MLX==)[0D61,W`[ZV!2L3H0=6[(NQK8U]LV\`_CID^N%F^C1`OJ6X`0!11Z4] M6D\@73_39+PB;)L"+VJ873;T<0&?K:\+;^LRRYSN.\*`G,^H4D!)A5F23A@9 M`4#CZF!?I][2ML14O)G]SA&J_E*5]H6_M^KK(=Y,IW^S1/YU<_^XIIM';YO\ ML4EG#&S[(2&G(H)#5-^55*=A&CR,L-)MO1=-Q^`"MK77`MD0H-8,BRZ",;[L M"_4%L:C&`#G;5I?B8DN9'L@$I^H=@V8OI(W6<_]NA;"Y-'5J4!HOP\6V7#!* M(E.$AR`(=5+.F;ZE)P8^-@VD065.8U'S.5&.K.PW9J,TFO]Z>*>8,IS'<$;N M1&3K2D79/KO"/RM2-?HY(!O$^ASOH%31%B?X&'**"M MI-9//!Y;'Z:3NAGB-OS]\VS$7_[4[.3_\W#WI7.&7;O3^.%N_,@9TQ^C;BW! M.F>]0W_6L;NVD-DD33L2W32QN*= M\R'Z83)3I#9<=O,7._C>F]I3\KU#U9Z\3%XC9N."<-;G8=S1,X8)K8U#&U^/ MQ/?D\^>[;@RLM@[%[JM_&[&/.+1!P21.9:C#"THHE4Q1?9DDY(2ZJ1\M!N=:`,[%"I5ORSZEU,H1*A$?\+:>WK2ZE;H#2^?>K\XHAZS[_< MKCTN*Z`%%KL&@5->SET2N7IS8;4UU6);Q5;US(/NV@[#C._ M;&8F%T(?V?J31R]#,25HCG5!1`/*>;N9&6/%^9EIX>0B,SX53ZH(S4E89M,2 M.8>AK(-QM:QS<T>7@SZ&9#S?3]].NO''; M887A^W;ZI.4N3P:)P2OM$`0(RC%0Z"M#66N3W&96A)!K.=E$V.L967%8*TWS M$@*3S&Z5S[Q3=1HL]!DP25J=%[X8(ST?__,X'BG>PI^YIML_./#[Y-I+=4<:%D$.L\/R;=[V:SQ\-E M'2`[-@OTE)P0I3"T[<<@P7I:-S&BE.,DO(S<[2)VGO^I]^C.$GC0 MTO3U.*&(<)V(Z]8EI^PV";^0W+U/9`),`;7.:`I$GR25[D3&0IKSHK*&ZJJ% M[6:Q#]&;UESMM@M42E%`$LY#=8R%J+>+DH(-Z^98]K"+U>56+R;\P#+]UAO) M9<9]RK6_-647&"P4*TN_U\N0JBUU&QC'[ROKXKI-C+]:8R^H87/"Y"%: MKR1D*=D1V.&.,L@*4-N&EDU4KBGS[J1L&VZSFBC+:*WG^%4-!EWO66N'=6BZ M+90]B++5N]S-]W`[-FQH(YWLUM]X4W_CTX"%HU09V\$*H1I'NHF85Q&]M9B< MB>.KMDIG$Q"#9;]?`9D6.:*BYD9,@V[,\_A$[[C&*Y"L#(Q8)-8L$NLFCV$@ M*4?5KD\#.(.D=U5_+&0OC-"'3:DPE9>J!AC`Q]*:TYPYMB?>O% ME&??*!+I7(0-TE#T_?9&!QSNVX4@34`Z!^O\I_O'FB1\J/UFD_%)SGY=XLJJ MU\J'VE^0M0UEV%7#>4^[C4.L7MLK=R"7Z\2:LTD7"+(D$3KO@&PD M%IL6#6WV3PBN7S@[_(?VB%2T*[G[!3.9>;Z)6IF@FMMY";BW!WD3PMEF.8QM M32`JU@`:ZZ*,>9XK&!D#([_&N3JQMX\Y@G#&7T;363?>O@!+YO_[870K7['0 M[8!9?AFBLEV/@,Y>^;HXL$\[;&:)F37@R@'HI3KB#D:.P/;:QKW7L&VE!'8L MT<51D8\U2/,YY\1&?JN8]JX5ZAZQBYBV"_Q M>C5)[! MITL.^U9+Y)BBVYWCH#5=A(FM*960,@'$FE2Y5+MYLQ^*OVD-\G>K0^:',E%G M2]Z-9P_3[B&)<#.[F_W(D?7F]OWX7S?3NQHT/_))7W8(_0/2/TR^=`>\OO@[ M^(7O)N/?.*9^KI_;/)?VOJIW52]_W M_N?*R\QK=<$?'V*.)6`.7`QIJ]+N[7WP41PL8>WA3P6LU[`;T&^-0OY MB?_G=Y.;\97Y%Q4%@V6=M$*I72`'0Q]Z+E8IO<&_?'U2/ZLOD:2+LH$\/6!4!UTM=7\2KKP-7RQ_T).V.]P_WC[/WX]&'"O^LX?)\!<_W(U'A=%R_Q<_CV=UNJ<^#3,>33[-W4]Z'/%/=BLJV:CJC,K!S],'D:S*SMI3@<7G#,Q*TG6H]6BQY)&%P!Q39'\*];Y>7,&3YJ/MLH" MK("8YFNJ.N^J7%0;SCF(MZ;SGWZ?CA9UNZST!6NH2IKKF+Z6I\53J,499;4"J&(VMW6?N$[X;S38I:*X<>UKE/!&R,ZDU2J*H;P6`MB$4H6VO!E:)4^Y-JJ&3=A5] MOOOM]RZWZ67_2M]X'*7MB'U;@I8NIF3&(`2YJ`(RA*&!5I>LUV-M=>T.[Q0E[$.@@I7AQ:_3IV?MRI4=S]P=DE*"*N"CY3Z2R/P?/3]U:'%%^K\RJ#$ M6<]U0A4E)ZA*.PH9T`;1S\4:CLAR@X[IOSI^0^<80RH,#.O%*:#S#H3KK^$1 M10AT=7#Q0!V_<;A82O$ZQ5"4RLE$YZ3O'Z%/AI)35X93]E/.VX.+G,]**3P( M,C*P]PLY]7,%-DJ*ZVNCUZZ&-X=`]H.+M?<@:N=LSEB?HI.IGP%!0T;$]37. M"\+%KU19^\%%[9*"8)4.S@@GO"O]NSV(2='2E-'IX")3LO:YJM7!S0VJZ03^ MI)H?1U]&XT;,^!HQ+S4]F<7H0%#[@*,M6MH*P5A\_;X/HCX>.ZRHU>1*Q>>M\8`_E$()W)"SI?DB^C@]ALR-:PAL3 MFSJ)V%+**0C$$&1]W4+5\>1>;-(9:%?Q=_-GUR*V/R==,G$F)Z;9JP?GM=$B MU6W/'N5@8B9B6+,X5%U<5M=0Q=DHT/J(;F#@'C(BYNRDZ??^(H?*TJ[/-LU* MG0L*],V53)9$C\;:DGQM0D]"HP4]K,:R`J5K1C*DN'Q`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`2?IQGXE&9:J;=39.`\, M$LU28S;NO!>Y<-RXZGCH#,L>T+^Y#$MND8;*GL@1*W0&4F(@GR[#4FH`ML*WC4W_*9#?W)W0HE.@39^,C!)*@3J>>,KJ"!3QJ];+;YZ>(0J\NGKQNY^?+FSVV M6=O$5=/XOAI)<#2)8D_93Y''7MPA(Z\NVYOGY_=Q$STMT']<7EW-/LS?_?MN MMIK/;O-L,?MIMOK7'ANWH15/K+59O%A23CS87H]M\./!SP=,EFW:][W+=$^% M%<__?7=Y<[F>%187%_GRYN.R^^N/L^OY4V#\;;:Z2,O58KYZ`A*LL5$0A*H` M=,B<('?DN=5Z^9?C0]*SM^QSMO\VGUVTG8MQVT?Q.6I=V7DG![SF@IK3)U(5 M36%T1QPR4S/8[5Y<-47^T,*U[69[\"RP)O*Y,I246Y:%=#>4V)32N":.;[>_ MA)MG^SZYQ$IR_V--H4A@RIK[PC]YDT9V^U7VV9.Q-@?E?N11=P_+<9Q^1^M@ MEDEJG9I*#D9JCJ?X4+%OVVD3KS:_)33>;0-P%S8G@?3@19D!G@XKJ];`J94Q M1<7J3)\GT9@WOUPP9">/Y_%*-X-'<25(1-[*-XV_`:.ET,5/Q>KR:/3:9T`I M;.50F22@!Z[O#&PF5]+DDK'&<0E)/'SN5327LEE%*4S_R!^M"#08#IA,+JR, MEK.O4\C5=5-TK4W.^2UXPM8W%9/#\ZB5H@$%H=%`%:B(#Y,`!=R.OL7::JS? M3'%*>BNSYIO$]M7*2<,AD-7*!47.16C\I8:Z,ESC;<^/!EZ_46P/7G,:CE>K MJ;"&S):CLHBI3]2W;JJXF<6/T$\=T*,FF@>S)UW466&;:-0R\T9SZ-+RJEAE M-S^7UGZK?S\]2`^?CAZP^UA?9"@8]S\`O;4,=2D&ML&*IK;<+:44?OD;8TI]P-G?55J M"P_&J6.H:;6_#2^T%CYSZ@&)" MT6!,O>\4'83-*GKJ&&I2C72#F)0H8O`Z);F9R#.9_EVZ`F3?.(::;+?= MP,_GK,'%$!I74"P.\Z>45"N*;'%+3^SG3[8E;W!5B5'5ODU"\@%0<63?$W=S"JUP MHFO,_8@2E77>[&09MY6U:"K@GC#Z=RE2;&T]H+VI+M>HH&\4!Y4WDYN>.OJ? M6#/:H#S%SE$,!GRUD732NJ>+M2Z@V7"[Z=7NT!K%E MUH:SFM;.-_8! M86]`_-,P'.D-P0[2!;01=%8E<'&F-;GK_ARJH$>SGV%W2^@&>`9@OI^O5O.+ M-ACSYH?Y[.9R\2&>G]]=WUTU$<3[#S?Y+3:6'+:.ZH3$*;(%*Y8UNMP&?7*WN]')X[&H2# M[>C[U?+FYGD2J8$)B%VJRJR?VXKJ]#R"E?R8KB9H^^3ZU^MXZ6IWH:V2B@43 M)7$1Q6\,KF#'5E02ESK2'_%?GD9[^VKKY7KXZ_J;7X"MQLP*B<%%X.RI:J"N MOL7)T.AMBG'>;%SM:!TO7>TN;$W(J;8WB=8IY5@9Z-YT6K$Z,8V:<(W?@NU^ MJ_U^=KDX6[R;7.7Q1MW^$`BO7BX\W-_/:YQQ:Q$'D- M(0;M*%/B[MBVIM,\$A:I@(-%/OC=SUG5+A5*+MJ:4DZE0FTQG7)=@QSK`GH\ MV-M;VG]5*_FE:SLH?[Z:MS^(!FRWW'O,\,[%RW+1A0`%->J@.P9T$Z)"/>(R M#+%51],;&[@ZQB,2KC!X.#*=XOV,;J\G?Y M\N_SIN0_R!D_6WS^VH_SVXVB^.]'7,?]=_.?/\YN[U:/X]?/,>N#D/9\>7WO M!#8?YH?E^7I=&\/>\K\?YXN;39WX#W'SD+R$-:PLY5"B<@8Z=B:&JL9<'&T> MZ@"W)V!X!=!^G1AH*$<&=`03:JA0E&\,5_>T](@ACD'3_LB@F>EI&EJ6P$AK MSKHH1RAP]9Z`LQQ'AO$[5$-#W7'? M$0POXI>!]CE0NND_^//\?/EAT0*F_UR<-4WFL8IB\$%GVO/LL,Z^@UF4&SF%IQ?#[G3B&9J1\`;]AC$ MMRLZ`Y)5&+$WMBK`*(+X3@3X-8IF@B8]19=C;&T5'5#1WH2A3HD^ M[C:#_M8%,[4S4WS1MFJ7-9LJ_J\X*%V."9R-;B28[]`-,QJ'%DW+N2UN+Q=W M\XLS"0O7.[[_:/L5=;6\WO@M\G/.WO\R:Q6Z-NSB_-UOL]5\VQ7S$!]\-`=: ME#4T+\254(HU@%V'*+=W#(/GI_*KUK_EON+S`*/7W,*1P?EU.SC!:N\B.)5, M]4&EJ(,MX&)5R1<[=&X?@0-?`3AFI^8P@17+%KCI2LZ5+7:D7S%$'W:!\S5H MSC@(?W2L*%A@FRE94(FR5]QY^#Z7T4W])L')EU=WM_.+%UD=+_I116V,S=EI ME/]VCHP1Q]-2.!H\#S=Q=(!VZ$_RA,F!P=A.%D0-7-:6)Q:(CN/1+,_I`-IM M?;0OY.6$%4B@`E7QO[H26(XJ6/H+:-!N"Z1;7)SE0`7M&-N]%>Y3PC:2"4-> MDSJ[/W&SVT-K8]0+GB40ZXQ&-MF/2@3-.2<^A:) M($[HN,@S2(:])B1'!OO7XX-=L3@'K>-"(2,&)1HO]M&*:5#>;*9^_`K`-B?1 M;*MBLZS5:.<-F%131[AE(XC]'96&O_M*5-N<1+6A*O*8HQ$#GIA59H2U:H-6 MJ.&D:*^_]_O5\NZC_)BKNXO+Q8>-GUN7?,_>?R^[O7FWO+J8BHTV-9J")3"P MMH9TH=KE:A(YD\>DZVYD.%X*P4&A/(&:>LWD7?#.I998\<&)318US09#:\L8 M<4@231_*T]C7J$-%"[G$$K16D(+KRH^!',.HJ6O8>#-1)$^@E"TG@5P860>C M@H\QQ[52HDK@89R+/;E./JRX[]/%<`+U)(,I-)9M&Y"\*90[HRGQ1/$XJEFZ M%X.Z`XQCX7L"I:@L&`!P2QQ/H)>7D'*9H@L_KSDA2 M]YY`M2HE&B<(_-1Q/(WM%`PYIQPH&)N!5/&QXX\BVQ!]G?-]1`Q/H(NE5(_! MF_:`+'J7+'JWUD5NS*8P:B0^*88_M]>?=Y.QAQSDWLX!(,1:J[/*JD^/\)2K MHW-,,$J'/'/GAP#N)`:PI(+%A<"6%56"Q$WI4F5-UHPN9H\O=ML/!=QI+%[& MG%WT8#";"#D7TY&1B;>HBAGEWR:'V0F4357QKV,(E5Q(">3_R:Z53;P75!L=;N8K]+LYK>'WW/ST^QR8QH- M'K66/?S$_8^]!^%L]?C'\Y\/OW7T`'OXVY\ZMFT<`!3-!JQ<&%9[7WMJ8110 M1P^;M`]#,)^/QIO'\W-G6=]`EJYF-S=G[]_=+L__]?@'+*^OEXOUUY^010!& M'SP%!T:TF2!R1P!5E5P_H[YCBWJDV-]DL4D6S=RLC_S.4*A&0 MJ5F+)'01-ZIV,FBS&C?$0R-'?BHBP`F8%XS!L$5#S:\RL23N9FO;(*H];-UJ M4[)@LN;EB'@>Q+R`KFT2/&8G2ETR2L#?F1?Y2T@CU]:VT<#?9/&JYB6PW+31 MN=*FL%B?%/9O74LPI8X>_HE7.%41Z`F8%Z88LW@IJ@;.AH*N_43.5(AQ[+VT M<6C?\#R(>6%3(]JLE,E:^U@QKSH:("#P"[^NRTQU&IW9(?)9B^R>)+O9>B4V1RXM:#1:<= M=BRZ8G9<'$]?A^F*X-<)F)>`15/*2?!LY/F4LQ%A/-_ER1$`/ M8E^TSQK;2`B3O'6^S3'H!Y=$CF'4=2*:/R2S^":,+S4P2JR("CDI7:H)6+GF M/CS2WO(H76",FJ8(S"22NUE7YFBH%%,(`UFGNV26]0SC3A]KIZK21\7S(/9% M@GV7JL^UM5I$B59M/Z73BJ+7<7+73-4WGYHL]C0"JC9:Q#E$XIY8/$5G MQ_4[@.F*8`+AD:7`8E*\."M.PDV33!=MFDQ*X\B\@-;F&Z`'LB]B39S/[<6S M[$=,?0A=IKU13YL\#OTUX$33NU,3QC/2NPR-XZ>&`LXKFV,%W8='SHUI+G'< M8W5@$8P^_=-\U78V_1:!O8[$P]D%U?D4LTF4R2M%B+HC86^=2*4,A/'PV3MZ M\PRA;(/T+R*7G:?CH3PXID;]RA2R(\^N$7YWG1O!JB%KWQN2Q[3
?$\6Y MS5KWG@!M>V@4>UHLZ[6V^$TNQSTG18Y("Q3D9DA:;)COWR3;-A>KOEUY3*MH M^^QSDE4U8*+(0->2KA/XE3BUN!\_,-[D?$XY!A>2HU>-%&ES8=/:KV%+>L/V:EESV/B>9?9NC"(X4)HJ: M53^V-D>;2WJ[\IA4E/CLV_R>75 M[Y.0JM:4T"H)3W0`$SI6\8ID>>LYF;@\IE8->O8Y0=?XCK)#Y9N(3("N+=K( MS>+)OE'[-36Y['U.".1R3R*$D"0^217RIQX`N>W##D+*BY'/R_/ M/B=BKXS36A66$,5S\-RS%QJ38,A@\%`NK1_^FUQ>^YPX3SEHXPMF9I5"(Q%? MR\,IC-GOH*<]B#Q^O[R8+R[D&_Z<_?-JGNY6JS;O*_R/ZG)/+^D5]K!K?%NL'JE`C8X55$=5N2Y4:>_B M>33+TOGAY+L7[V$M;)[=M,F,UXW(8C<5VO[VXN=Y4X?SQD>\3WD50#:;LL:@ M%-5B'+JNULVUN%'K@!N^,]BYG2_;NCGLU@.5;'0"BPJ+9R,JT$T4S#:I,5L6 MN&$3T?Y[+[/5XG+QX:8_Y6O.^N=2RFL@:HPJ*E-$TC7IK@IK@D97M@;6;0;S MYV5O7,H+%[N#G-L98W2VXJ.Q+61EB:37].YB'VI4.[)E8`^PV-U4ZQ4H5*R) M(B>.670_=%>GLB[J7;,,#K387<@F76P.H20K>@N"<.WB^<"I^AWU1M!?LMB. MY?RY6IN]5IZKYR(+M*(.Y+HA&JG%6/PRK>T6\^(%[QILX;.UVMH2B@W)!9\4 MKS4W.ZXNO5!SOVC!N[67@DK>BS&3^XN48%J@;_]JA*L[%KQ+>[]TP;N&SBAT MR*G(@9.`08$.,?0\VTS&[$`8G[G@ZX]7RS_G\W?SU>^7Y_/-EEJNZM_EYIA? MQ#]FJXN;7Y;_S]ZU];9Q).O_LN\&^GYY6:"OB!>QK;6U6>QYFTACFXA$.A1E MQ^?7GZI1CT1.4S/B18R\.4&"P-:%5=5=UZ[Z:M5XZK@CI";0;N\3K_?SE;?7\]Q MZ?KL:_ON&T1]-Y]G7_`'P">9+8YN?;^O"0[[CB$MT.`X;!"T'U9.7H=Z<1>E MPP6_SR;&EW=8*'?X#$P/MA/PX?;7F_;W6SB*U0)MR83P`]?4(\`2'%0")85D MH']=E3AL4D_&#F/,_Q?^PP?,YD\0N7/$JZ`\!/$<[*(-8)+*>%N@4M4#X?8O M+_%?NL\XGUW?47!2\V29@9PXQT2$<9Q$HV))012HCJR1[_[+%`3^=U!VL?(::D,12E\9DI][>_GW'ZY@1"WRJ.'^XD M3J)0#R$K3UX*CN$>#2QKYY/)')P-39;QS.'PV`LYO+7%Q`_X?.\^NIN;=G6S M(>ORZ!K;BXY=3F]6IX#[6S=-F4CM`C@1:[/1V5-%;(]6\&HZ$/!OA=68P*,IPQSS% MI@YMG*09S%%Y%(5T@6W94'\JB9\.<'+]!OIH:(+_+'&1T"QHZIN.\GU/0&*F&??6C.G-$HNO4?U/0/$JC M:0A"\^PHQ%&.EMV_25!6W0]Y$HK'Q,R3X59F'Z,5Q&0CLBTV%8U!?'D9O`G-EQE$;>[B8G$[7W5OEN]N5YT+FLT_;7WO._0%]/7;O+&B M,UMIA#$&1840YZH\61@&^K.>V]UT(3+.CH%4&-&5`)[&U#'%L9XV'T47+4`;!XS9Q*(/[R\TQQ+&Y$B_<@4[#-]VC3N_NZ+D-+B5K MN-:6!Z8C,%6,HE=95T"(%%C?N-W3-!V#A3$%=21A8[WA+H`Y\8*DG#N_#]?5 M*%99%RZ$.C4+$P:2<'RZCA#I2QN5M)GU42)-29FZPBLM_Q-8&`T+,O4AYPRJ M$'4@D'`IWIV"5M+I5%6!.&/L>5EPJ[NV"GS7/U_@>SY\TW)Q=07?E>#;5]]W MUI9$G/>1:A*T@H/*WH9R3I*B"E5SM+OJRC3-IQ'"J$.TDB6CK?!:9IE,`MX3 M!=-(,W&LQM`W]$<4PH3&ZIB"$41$GTV,P6F=^W4S"3;R$E"/V64J-2=1/DGZX.]TL;SG`QUV(^]@']GIJ=K83(B023LX&; MH;P(.O7%FT0B_.T1?.H^?/Q9HAKW&I#+T"RE\9@(&T+Q]=MZ^"N=6(W;MH?O M_F%$-6%Q:!!,I0265U/K/)6Q+'G`;I=8+U_=(T;XD40U=JMBDI%9JRT1$$B! M*8)4J3M\C! M/+%K9TGO3QV@NKE,#C6IR456'^ALPLZ&-#!0`K(I(E9JY'YJ?4^ MN&=GL+0E[:6%&`WQ++B'I$[+R,E]O2!#]#Q<"G>0%JZ3^0Q,CIRCCQ#VDYAT M(M+3P#3CNNNW,T+@73VB)CXGD^/:&&R.P&@4B1B=-`/_4IJ-/;=V&.\?I(W/ MS.283671B8#8TI2*;++QM-\_3&P>1F./]?4=D\FX;;?:S=MV]>[C>?/'SI&Y MAI`RTV28X"$08:(D!5*&JLSK*CH=C3;'B3LZ5R??E1<\T=+AA#ZUT6D7>F!K M&R7?LN'WQ0AK-#8T0@OCA,V@Q"JXH!CIZE196:9Y!>7*U`OBZN2[.5.6/G/& MI4I6>6ZL[A;"IA155+QJ0W@APIK*I&QPT?BL(1^WF1N9>0%@H\XZ4S\4\[%$ MZL1(L2+FB;DZ]17@.@AIC&>H'THR#;1T5L`'JD2J'EC^%&$]2R4O$[CC MSGC55:8D-9F5T75K((NN'S7VYOO`^L$SR69,A0AU$1(X2JD+CJ$M9:E[!@C2 M:C&$)?G;W_?W#"]0-I,-#YYRK;`N!XF#RS+$`@'&3=*N"C+^JP0S&GU)J7RR MT7LM0DB"4-YG&![WHFQM'GKQPGG??L$JX-[/BH'SY'6R=[NH7;2.QWZ74Q^J)/LTXQ:P'RB+[;QR4[TY(RI\%LB=')CRV/J8"5)16T MHO"-+@3&("`OS\Y<0V96-]4>$(.]%'F,W0^M240UP=%O@O"CU++N?D!.`JG* MENCM=/<#?J0T=OEVWGY\'`'V\8@;SE1YX1@3D9G,K>P7UC$IP']LW64T9*XB M8V]2QWM!I=*2QL#`PUE!LH+4$)-I'EEFI,JD*-\6!1R)U@DE,EPB5`('T4(F M:SG5NA(G:9N2GY(\"Z9]Y,&0 ME+'IM-#FLE957P*GCZC0=MJ6;7/3QO;N_Z_GI7,/LZ^NE?E]>]'.OJ*]V+V7 MC;*8@72OH@-KK[6#=*/,T@EK^9;5%8-=N#N1=TS&IMK#L%Y@/7'9V00&+<0" M.J4,Y%BA.A*JU?,S5D!?L#/WXF()YO_G6?/K[`JRYSV.3E%A'+-1JA0,V!<. M>7(9BL>![2J(>Z4''=K[T?DLK$X<)I&>*P19"!B6.2>#+G`;N&)"5F7T5XQ7 M"G9\5F/;53X>;PE^RMQ5=L1D(3T)/A&;F#(]YKR+%>H)=@Y4EG>:JF/P,=6T M;E*0@6IOC(B*:AIR*7$2X8RH88%TU0!Q,!]GR_8+6,_8?FR7R_:R^*)>6_<< M\C'2LQ#`IAOPXI!D2R8*5D:*5O$J.'K%Q=35>PJ=S\+JE,D$]K"%@T((Z(AG M1ODR>""=U+DV*)`6/#^K']J+VR6$OOU]V/D$F8,+R3/31G#@13/+2K)K-)&T MQ M!+O1@LW$Y&$$&"PH?K-;+IOYI^[G=I\*P,X3,.Z0@H0$UE#J^\;.Q*45Z[6] M^SD'4L5W!U)]"B&,';,47I.40LS",I<$HTECE@E!N=""LBU"Z!+2'TL($UF3 M3Y1K8[UQ9.M@7S7:5%21QD93@)M M$X*M2@['%<)=`1-G^/L)HAHZY`F:;BQ+$;(,Q$P6U$,N3^'(#<)",D_J%XZJ MCWT['?L3.VIX&3A""_X@0&Z'8WA)E1`;:)6Q(E8.4_BC$CNA.>`;0&$@[(H* MDF/N,]PAD&RDD3MO1/4^4FG-L8D=DVP2VIF^N;J#R6O;U<^+BZZD?M^* M,,CUF_M*ZR5L,`]00L3/@IF9,4P0B-3=99*NUDJ2LR MI:*J.TZK=.LT/(Q7;;P&90"YXXM(PM2A5-X,1;]1%[J'0>IN/#Q:QYW"?W?)K-/_6+(381,^[A]';I0AI@ ME"D=)/711)TU81#DE0JD@CQ_746[9@`<<`"SNL[\L_(SD-V\??R;M?6E]*//V\8_R1M%8^ M.8;8>PH+#5(6EL'P"%FG`1"@[,MP3>O^7.]WP-R'[%(&IZYXJ((3SG5D64((KADN9R[WF'HJ:X@K`5F3.I!/ MH/(P/L\_+]L=SQ-X"DGDI$P.-H+?\"5]@NA-Y.$"1.S(9W1O?5VC\D!&ORUV M8Q,"O)1%`LN;E<4E)-RK7DF#\_40)V?JP&L+-&XP^:99_M9VCS;EY19^O(>U M3'\49(CN3?W\([WUG.20)',9&XP(!.W];&[( MNC)-:^P>3NVS,S_5T,*#2M8(&TO"HF56K'IQ%YMYZK$%,)LOEAW` M][;\8RIUS%BM!:>:<>;4:"?.C&"XP98 MGSA.+67XMT_X`OBTRC""JY=LE*]]23^I/&KLR[O<'-/5Q1RO]48D["XN;J]O MK^!;+S<^_?4<=*1%S,RW;2E*3=2&\7T<7"NCQJ;DK4KW.`*6.<+J&ICH!A;^ M8O+>_AD3HJ7.B,"(#8)D!XZ/L'Y)*"/.A[KWB/WU+O)9@VL;I]XO3!`L.6VB M=8@&D)(I[Q?&1L-KD+;3W%%0,5P"#>O%Q>;JKWA]V3HS1D,#MSW=9`;OSD\G[F@\39Q3D$D;D0T/FGGE([&)]#NG'5=UVZY4G/)G9*H,>AUT M4-E*)W#Z61/#G*?!JA)6^"1CKA,1:@=8J$\G[F@\31X4T4'#/T$R`SZ%^]+O MIUBF(6\)E88O`_OS]#"6M_/[K=0T2-""[#QV,&7O:#_<1:RO@VH*7QI2_?#Q M.Q(VVD/B(<;T1'O-$^7>$M'+A3E&2;>_7!)[1M=>%'2=]Y@/TX[(VZ6QJ=@#.(8/62CP&B M_-B=C>!$^AH2RKPP]J9`G1-5WDDC:29!$Z^!S5+5AX@P;I\[?UGLC3:TIVQ% MI)9[1)LG$;?UE>P^9U;7!\=,Y#[LOC=4/[9=51Q^UJ\][,7S^N?VP6C;SRV;UTVW[*[Z4-[]M>3G> M.%^L$2H5'*[%L0HD4&`:54K:;V"*%J:Y94<[W_M==TP

;9O5ON,ZS MYOJF.^YQIF,D$G($0YWC)C#''"\OQ=FQJ&)]J3FS]FA'?3C7174__'X+F7NS MBLV\@1S^MY^:Y658+.?]@^YC_"=@&U);+WF&F,$[K8U_XP(_7+8 MWSCJ)VBV3BIFXL!-:4C10X[9]0]:PK,-N)B>7\L8.QK#?0>$W)/??'NU6LS? M0W[]^7SQ;=Z&%AU&S3-=5VS(%/^/O&M;;N-(LE_DB;IGU6/6+=8;]LAC>VU+5TU'F][RZ_QQ=D=[?`V#D8=M3`"!IM"S9?[R M$ORPN872WC0+#Q["E9XU^1/?SOY0<.:*\^S3_)'Y4HXRS:I4R3/E:"LS[44H MQ98BT0"%H"[8L&-7^Z#-M5;:V6;U>/>::WR9N%L^<3G*=N'(UNM]SZ)8N8?I[X38R*:@H*@F;MC1AA0>Q>#&4U2)08>LA1&MQN/Z$_OG@^J'Q?,8 M5"E$8[QCZB2'P8$`L`R5,12]U(V2TO[\D)]TK&WD4K:^Y/ZT2\!0!$C/9!_1 MJBIY1',?:804:TN'H8,16^,/ER M=&2H;>F:ZX@QI@7EW>-\K<+SUOLDFRA%%C7Z%%3P#KMKE0Z24!0TO+7][.5I M(>DJJ+I_;8#R$CXS.O(F\/B4'*?!5:S:,3&3SGTN1'+A=3MTT'RF\*C;[)Y$ M+FAR4+P,KNJLG5$]/":+MB5Z1BICA(4B9U:3Z=O$ MHZ,]T];E"S49)M]\'=]]OUY0SB"ME8U_7`POL&I>4T,;]>2+C7IR?V&#P\L; M_SE;WO/*^/4-UY@^\6[QV&5,?YH]_N^[]^_GR]7SZ-8SQL\/I,8,.?VZ!N$K M>CL0@TJ5H&V)E[2FMWL@J[/\"OSF$UE[5*]N9OC,'X!+E6)0GX,M24M?,.7A MWA&3KHV)L4V/Q@3X#WT4C/!.E(_?YCN4Q:TA!E(Y1D0R4Z*B2C&:@?9!.>EW MS&P19C)O[[OE_:_=>K^9/^V#>:,SY580OP@R-LT!0ZZQDD<\M`H;\DCJSD2Y%J%+)HS$;U'271\M5_VVJIU79I MP]E2?;[9.*T2,O>DEEJ!P<+\9T.`*&`'#;4T=G)4ILW&"95%LE;19BG<4\:U M[;T&T,ZWD"CKKF(_CT'DC;)Q/@@MJI4@LG0B%I[$.I"RQ=B2LETM&W"%+Q#%#DO8LI9,^$#^A-DXGWW266KA181(?^8A M9:^L3*6)SZX97/Q%LG$Q*./!:G05G8)H1!X<8&,@MC&!T&8JB+^X;)RK6@6K MA:DB)F\3BI[AGY"U`$WB"?QD4>?;9>.XH\_X*#%KTJ*@M1:#%D5RIQM'B/M5 M)@=EXFQ<*=GD*D+TKM24C;')O&8HH5%LVCHU&2AOE8V36*T1VBNG4P'4&>-P M,6"<;DE=K0H30?)EI>1BID-FE8NQ:E)`(28W'#B#JK8T0"=8S>>.\.[]]_/9 M0WGBYNV^X&\?6^4:+5?[C@T=^]\?%@\/?S!WWMWK3XQRJA4G%"9KN?O.&AEK MZA-])9+CL%XDPRS]A/_][.'UXSGUO[;J`XN[`(7U_74;%"1B\:'DP%E/8434 M.,POB>@WZ!GVH&#/0.&E`;0CBGE8-<2^T%-_>/S*Y8O?:]VP+MTF]C]C=(B%Z%R0G@K)#)NP? M\F1*EY9U7FJS-0[X9!EOL,*#';X>(8%0Q0A`XX0%9_A9%9ZP6&EG]IRW\U;(;%W,_[*D6L/XWU/9^?P"9/RM%\-*<<0JDMV8)]#&]JR0+%9*W`MP2="8XQ_10@R M""4:2788*X^J[;/6@NR:;*J.OPK^;=%XG33P](_GV'M>MO,""5KYEX#V+/XP"+E(Z6J)T3B(Y%G8GK.&AQ>U M1=]?':^]OF0LCZ(,$X:B#M)R1EH9E+0IN9Z%,M2D74O,]$8[\;\>E_/5_*V! MY/+=X]K'X_+^B3X[DS)]_.4[^O_%W4%K>-C1R4C!H^;)7`J#2M"WXE@N'-DU M"=B&HR`Y?PUO`='AX8$"$9-6UAIRZ5TJP,%?E%4[++9Q&+[:'A3Q)X!HQ%WV MSB#Y_V!"M$IPIU_J$Q(Q":^:*NKM>.=/`=!!5B[R-9,IY'HB';0HZ&]]Q@/I MO>U`Q&<)8!C-!&LV92,HL86[".#66^4+1&E%1VBI01ET4K+V)( M:$V_M:HKJ;2>D]2GFKHO#:Y#FTM:`B6K$%%9KX(/+TVZ/D2C6L_@R,CP^FCE M.7W'S_>K@7J/=_CK8OGQ_O^Z?YZN?U0NQA>+*68T*DOKAY)9;TUN2G*TWV+5 M&Y/HJ90TJLIIDJ3I]*2`H)S.TSQ[<0?\R.,-$KZ:++E MDBCG7\F1Z>!B(SY%0#LTVDW%/YC#3I`Q!&4QH`LQI3H,-L@V1-5<$P2U2\,< M*WX_8OJI+I;?SW][7O[\8?;$`VE6TZEYH-?I,PH2&*:6L\K40@Z+L*:G'&,* M\/;,;PUR'9?HX@6,S:(ED^ADRF3\,FJE/$"_@;3.-3>Y=]B:=W/F"MZ]'T;[ M/5T"/XH:DZ*=DYW141:AU$"&+*"FMNB8@C&_4_[=`ETD^]B(=;*FGO2.+;I* M\M1,Z:VK$Z58V?HB6FYQ9UXF^^&Y"<>`;THU"LC>U:A<,<`G[Z&[AE]_?3TS"-N MNPNXDQ]`X?8#WOX^H@[QQ.9'5#@'_\]KOEXI?E[->1Z64$57*>4Q".2U"-K$E670-3S7@GVD)5 ML6^O7A6LL=U)<)**Z&8YD5-)9PK[(+A:(+M_H/ON9(%_7'2,5,OY:UG#AKQY M&C[/S9ES)9`3Z<&'J%2[)JC M1PHQ(#C,U?8'OE:%K:_=%8%,@,<+(>39<.PF2,2[?\VZ(K+9\N?YPP@XU1O@ M:0%0%+.Z`*`;N'XE!?>M+SDM-+Z'DC*%Z(1V]*MKKI(("4!5P2OAC:$DF28NVQB&AD MAPG:WU6>)Q0D4K)M;PWLFV=3@H59RB1W?YJS@4+!),-Q;FNV^GEO`8?\A MOR53\$&?ZX&,,J=O@&"8XB%Y75/1H9+:D$.)0_$V[&+)F`2#&S/4;NX#K4!R M.1[I3/KV4(Q03%&K=YLM8""E:(PF60Q*BD>3`!]2M^(M.U(#5]"^_YO M8IV$^CC9KK*<+9Z4D:TH-P5AM`N\OTCLXW%!@VAY"_)DLYX3LV^:WC/71 MD!(HB<)*G\&`LBEBZ949Y*JDF@J-[O4G))NQ6/+%Z*E[-!6P,KB(`-;S*+LP M-$6Y"')CG$3W3;M:P`Y+=)'P!W=DD<%(DS"E6(.FAY&PSW,42OB; M[;\:M2PZ9P_9V\B+']+U'C26,L7:.95Z\HXS.0NNX[4D:TT*P86^E*)`(:6_ M0_`1B5=BG"WMP2WF5]MWS1S)6CUSD<"+` M.UW%Y1+I#Y$,99".ME$$:`K8XV-MFF/@,OHJA- MLD!YZ\^5>?'S?'[WQ(.GAZNM_740O>?]G\^/<^4^?M@?IALDI]5J)"L:R;61 MPN9*+CF0&VO1M*.5N[+ES06,R'7!*HZ*@'01++JS)5DG0@C8EZ"1W@;5-K8K M!],N8*R[BCQ+U"):!0*+%]FY_I@F3SY/<^-IN*O]VBOH>J_>O5_=.G\I-]PY M^22L,5$$(*\<7.).YAI0AEQ].YK9-LG*42CV(L>L##_.E[\R@14AL&*P.KUG M/`G(Y!N1*\71HR4')!;5 M.WF)G/2F7C8T^:FS%[!Z3/O[!X\IZ]QT3`+2&32"O)#@BR.=;K,>E#GLX,C8 MLXPQP:Z[HH.UW\R#(;4KUAN3=*B^SPZY@,'XQCJ]_8)&:C^%(?.42I(B*&E$ MMA!X\`T!D4-VNDUW!;=WMTV[JH/CPT61KJ2@H!C%G=;#J$>GM<8=-PZW6]6! MW+GL<^>B9Y+F.B M($U&;X:J+Y^M:B\3Q"%-O[W2;4C>WW\\:SQ]D"Z3-"%'`*;(M&Y@7$$5R"ZU M5QZ^$;+_[E-$.KBS*N9:@.PALTV4@MGFKBW-)DG0-2ZU!JDN%6GD")>8?(TJ M%UU11I`))`[#F9U0C<5U M1#J_SYJ.V6HV-Y^SKQ_+[S_/V1-[&=\]UF^MT`9;JU08JY!873^:T)+E*RV[ MCEYMUNF7?%;_LP30X)`.8):2H@*FB>E71WZ*'9N!/M7:CNI'CJ'&+H2WCNO? M2+<,,W&9.L8V>8<3GM0G4MN+1S(1>?'\T\?WSP^TOQ;/CV=<0T$B#F:O-!>(/7KYY#+/#T?R8;NYP[J?.F-KJ%C;02G0 MG/OCI'XU-E\_?IJO6"U>[>?KH5[KZC@M=Z)X=$Z*6D:KHT5F=%/#<(.B6JT* MTFZQ3)XAXO67>"C5(JM(!D!)+MF2J1H40_.`T*:=?>B%U'ZZ)7[D.N/3'IK) MX$,U%,;:[*J4&MW+0X/DFF(T!]IM#:49%^GB%1Q,,?H@V(@H"%`0L]>I3^5B M\*JM\@`MN,KL*BOH"8/(XIWLJ6F3,UD'IV(V/H9<2NDKW\@WJCN*4T`YM4?J M5S'.D_.0?@I.UU31$JBL1FF_0.@XM,A[BZ$TG4J:R]=N(>>(3V>D,2%"]CR& M%#+30@PDG5[Y]A)?R54:\19R'NQ\!+`$(UJ($2G^M1)+AR="5!1>M!0$2IW] MW'^<_=YG=4_>GZHFBMM+(I^X(%DB3?@.^].6V-;K*K'O4+U*<9Z8A^!T&64) M/%@KDD<<0U)R1<=G>61YF_PQQN]#\R(Q1W9G(+$JDCU,.BI/[S"#>Z\Z7-LZ M5W43-,?RP-4#141*&!\P0TIZN"\EUR35ENG6;U'='B'F;R\M,OOI;X_A]A.D M)%&+%(/-I-,3*?_>;V(FK)8>34JS)>IN2BZ]D-=(9^T>:,T2E=G,2AJ;#JY.(.:Z2W&Q?6 MOKN5B0(0RG^X-$J7VAL*O=4Q MNT^,,V4]Z"66J*O,?&?HBK$NE^&P<[]UFX0ABQG.D)6OG>/L:7['H1T=M/,Z M\77DL:(UT!Z4%BAJ@MCW\@9/"J`]1W:+@'6W'&>).M8T79VSA2=)DIN*5IIH M_Y^]*^MM(TG2_V7?W<@[,_9A@;RB(<#=T@CNW9UY67"DDDU`(C6D9+OGUV]D ML8HB6<5#-$E)5C?0[;9X*./+K(@O(N-H\X?HQ)K.,R3E2@^HO9?J)Y/!Z'/M M38<_G][2Y/WY;X/)=?V?_R;R.&\$P7OJ"H2_GPQO^93LZT+^[V7Y\B6W_+?! M]]*5SA30OM&[\TTD,9`MMU%I&'IU2I-?;/1UE4ET$NM*_O6;46Y';+O[3.LWBTY?!Z/R^#J'^ M2E_Q,#T;S7[KIF*U4N^Y%N*ST74IBG\ABWY8>OT!MGB!3ZW,X[L0R#7N%93^GF7/UBX/3[OG4+WL[! M>(7*8/%@$,L&X0(0\5$A!Y8]4ZTJ8"'G#0=#R_=[,`J9J*[?M!$HW1O!6UT& M7VB4(OBV1"H$DWE?(CT_D1%81O;H7U?>U><33IDPN;V.=VKBV],$(EB\(IYLA&I\BQ MN4"2T>@E*]WNI)'2LD.0[5>[D4V^N60+BO3XF_B<;;.@(BMY3R@!.>G2E.D_ M&9CGIMQ;]&G2E3;4KW[;FDE=38W70AY@_6LVUZ[]<,1@'?",Q6QETHPSY!9+ M9403Z#160^@S8>6&4/-#`+\9D%>IIR_3GI3L_C?U$G@UIB5P9"T MCE98^M>T6;P>F!)]UOT0>F4]%*>'6IP(ZBPA.$07F0@:HU'8YL1%'OOU.!1] M\I/!+4\$-P)S(AIF6/2@.S(9G0QRL6,DPX8LZST/J6S'YL>CB8"LM4.TS\O7\@%CREAH=Y:19[0*_$(Z4O[!#A"-_AITZGOU> M>J3*)8(C1U>%4NG-4W!M$2`"NE2YKP*(3"=IX!C!<3TG[F:*SX MM#NUT`]D%F'IS2D\/G<+X+0WT61P2@EM;4F8;QK(0;"]W$UQ3D3C+4 M2)\DB)>D$SH(IX"5NT?(RC4U@P:CMKH?::G9(>ZE=T?Z8C*\6E8,9^N;H:PX MNAJ$4-(GD07'E!F/L71#D:P41:[O]4:/M91N]9:F7DAW??_<+OT_UTB_?-TV M?ZY[$LB.Q]:71Q9F;Y"(.GCM4`KM>8J-Q3(NV$[J\JJ5.@(6+P3X\5CW,N`0 MN;-"&;29?"2MB<.U%,'[[IQD(7JN+WX>U(_'H%=&YFBT:*TQR'((Y)[Z-JF< M5(7L),"OCLSYR5`_'AM>Z;C&96:6K$OF&)T3QC;*Q9ML7:>\B%O!?V;8CT=M MEZNZG#<^Q)2,LBA"R*R=KQ=9"+$['\K"2\#>COBI^O*GM_4,\Y%E`;JD5$G+ M%3=-V:HFHY]=7]/A)0$7?O+E4Q@4(%A`L>>R9X)O-2CX(YJM:"DSOBNH3*[F#^7GVK7SJ] MODHL@$$3C,HZ:`C.(F3NN/3$5Y3LO0RUZPW(!M%V1Z/?J][M4NW0^""J8$.T MH)1@D`3JT#3#A^Q%2#WX*/F,!W&#K+L`5E.)G57[^I)8>@:"<])EJY4)"4-J M6G=8&8SL<-/MTO4O[/`B[=]R:MVP[FTTGF=3RL+I0"1.6H2IMD6N$SG'3M^6 M#SL=AM<*U_5UW?IN<'LQ&!*'C8/[X<.@;X[?4G&MP9C*/'$B?SQ*YEQ[FHAZ M2]T9"RN[[_/*H[*X?/6>IM`QA/&=5(F0ZFQD2,4O2F1TD MWA`*.SWO)J=8IB7'E'0PT9@4L#D*GLO0;4!TY`=D#QZ^WL_@2%X&^I"44N3S M1Y-#V^B@$(3M#3?V6^@QA3V)?A!,<>6-EF`\9L4PZ;9#!&KM.G&TGQ"XG1X> MQ^EAX+F,C\/,6"1-RMO!0HZQ;N_YH^%T6=T_3JZ^E'=W_;V3:U7E'6:TJ)7D M.O!@?>EJYI110>GH^\;JK#0SW2[4SAALS')9+X(RGFQDL0=$<5"1=UJ+8&D' MB0=U#(-=[=>T;46'6?])U`$Y#X8+:9`9(X3196QO@X4RR75:8+\-+'9ZPIGD M4F8>Z""K6O)DO&_!2TMX]@HW#OL)BKBG"8P)(I]E\&:;G`S"$<2=%6H&J^6# MSUWAV>CJ]K&DNUR,)_4UVL.L[7XZ(F)K%Y=_]3P[F4_'1D*S-X(YXPLLRAM M;'LE8TH]PQ'*++1W=&AW)Y:.6"5+4D:OO)3*U+'=YF:$.^PF5KPC);M7!#0X MXY"7F6D^<0^!2$Y3<0W-I#L"Y MZK2@WXETO5H0-Y$[R\!P$[V!:&,`9[UK&IP&\HRQD\>Q,C`L&3)2V%E#A_00\[: MQUK%U.'T'Y1YLYIQ#WSW(T(Z*I:=5-)[FV9`<\D:3.-9UX1RCN182\0R&STQXSD?0H0H0FQ<+;F+%S M42A("[P?2'&S`DU4WQWR6V\\,@UC?-YSK>#"YDS\V@2GVTPG#"[TY;L) M`<*0I7F"9IL#N:6*A'GN'RS[PD=&HO?I M^*'MMRHYJ;4-2`?>8!T";5*3$&-?WK&P0EFAS[!@'&;P*F*$H$.0R9;QI\P:S`%[&VX*#N+U M"+AEM)&4242?O,647&3H9#/(3!,)4*:W4Y!4C+\J`3>.'7&.02YSQ11/0I$N M;2OO'&FF);/\)*!C7";=LXQ(3)8&>@,1C()TK2C M-KV7]!SV"F?%3D_=!N&(EORGO[J:/%;7EZ4F<#0+?UQ65V/ZCLYD]6T7F](# M&&&RRRD#-P8,:ZB+)R_)=*YKG6NF:FU=Q[ZKW11_Q)+AF9(57@MRA[V(3?F? MR:30NI7=,!N,_:S5WM_?#J]JYV/P_9)XTA_3ZOK3.%7$0.Z&HZKF3K\-)I^' M(WK#UDR%622*WND?'[Z,R\RLFF--'^XG__?I?S=T6XO91&&$3&2"C5$YMP4! MVI;9)0N23DK:4-W=BS>"/DN$N>1Q,)G\26>MSEHXOXG$^^A]D\'M\-_5=3-M M=*<=6YS;1DN/5D@L,X\!,&5BQDT5J752=2X;!==VX83MN*8G&>89R.6)*;U5 M%QLH?QHWA'ZK#"M-/GO5?EETM M[R]^R6`A;M1^Z+DR2!0F2$OKESE*AG+NHQ#]L[T-\E=EV+JFN1QER-Y3]^:S MN_O'NEIYQN++D=SLGRY_?.Z._:.:C"_&0_);BM;$\>/DHII__HK9"V5(87JLZ%?;E=K`4B1>GI6RC*6^W#C\ M3@J$EE\/.-S:RCX+1<=9ES^SU+SX@HWK$+):(BY/SS!S:@;[5@A_!.Q%;_#G M`%LS+DE%"@3BMH7VJG8F3$@R+PTP/2'89W77$^D?/S].']Q"S_%<9<.K_3/S%X4L4<(A@W5W5FJ1#M"4;%Y;-A'$[O MQ]/![:^3\>/]/`1(/RWH#4=DI\])M]<)L1_'T^EXU'Y@?..GTZJO9&;F1C0P MM@/+__4XG-;W&%.R^;/OF/UUJ2O$/ZJ'P>7XS\%M+`LERH75H/"#;^/Q]=;\ M04$T/62.FIYNGH)M>CSJJ!*SG1N/QK#]L/Q'1O+OITMUF)$5DOG,L^9L!\P5. MIJL[MYHHLXL6193$H^J3:91UKCO7]6A(GM_@X^UM&;L[H966N^^G>=;/'ZSK M4@DV"!>5D4@.K$U-@WCN0;F>9`[#.J=DTXI^BW]*Y"AWX>>C/^KN%M7J-):U-FE]:"O:$)"<5S*V3G-KA6DR MB[(&&>VJ#%HMRK#KL@XFRJ;M`)M"\,XD8V,4/H8R@8U#W;4FJ^[\<"M?3I1M M`>,,09./;3E"2$XYK1O>3@^][I:4*7A2*H8YM ML:,*V*WTYTS;PXH[NRY&\BSN@UAW5R4PW)ST0]F4<1@ ME``NDF*0O(]*9X<256D8(H7HZD/&%H)%SUG>861J&J:J#2)E%)QKD=%FR4)2 M(?$VD<]*'3IZ\0`BS6*..!G?Q1G1H)V<,XUIJ&[&DZH0CO/1DR&<$0[B3_.` MY1[FS)?:.:,TF*R"\:"ETJU)ME)TPK-<\"?->:A5GP:&30]J=%Y@*2J3,9*R MI:>5SC$G@U?.@E)L%09IX$W"L,6,DC?G`D3B,3$HE1U+;5&$,,!X)X.-&PMO M%(9-IP%S5D3ELN,*,T\8(.3Z-"3-M58=!4`&VQP5ADDUF%:IFOUY1B9]<%>T M/>F1C^4G):P[G$X;=^KC>#"*X^GZ*,'ZDCE,+M-F8XH1@PG9F4;Q97)'=:>F M5"]8J[U7>0PYM^RO\8G\#<525@JUBB;(YI@S%UVW=K9.(CZ8G!^'HW(O,JFN MAP^TG.$MF8O\_9[&$Y]_D;>29$Z'OQAZBS(GXC4D*+E% M*;F@M>]IQ/(4U=JTW/UEVN]R&9-),3H+D7JF/(N+3\78"V,4CHV/1['PZGXP2O;QJ] M-J&>6TB".K%PKPK4C3Z[!.+O%C+S="`=,G)7ZI-IR5E- M74XC!?3HP/<&ZA8=:3F@4$XERT)D4;/,FI.J@G*F&P]23/T%ZK8PL`P2R7D0 M/`MG/4@)M;4N#1^YSMW"0`<].O34H(Y'I7?Y6?V^\BVCZUG(N?S_URJ%)2$O?3WP5( M2I1(RY9,*8J+SK25+#YV%[N+WRZ`W>Q3-D]GRTU^JQUR\-I;W1%#%S_OW+OW M!-.6<(7O!HP"X`U@KN9QM03B8L_E[9.4LK$$TB/=QY'%8\M!(8$X%'0E4A"3 M0LC-%*FW][@!:56#D/BKB2(P=_TZ6?8V@)JY2^. M?;?==NPU$6[/[%:[V??>2;RQG3+&*HHQH<*7`0MTW;Z:(M-0 MQ>`CM+68^'4R2J](2N=LZB6,78K_M<@8WZ:[T$EBRS75G.KZ.[Z3B_AU\,>>DH MF9BF2QUL$V]:9&,R&:TJ)N@KU[9>KJ;#ID-,)IOS9..0Z?)IOU>&5S_K8W:7 MPIWOT^(Z+^[T8JVI'%I=]JCXI,2A&_DA"Q2%B$%$K#Y.$`EOK7!+6HG@[!\< M-P7XH'#:0MRR:/G49>%-\FDD?5U=E"K%I1_X`L54GP9Q&0YP,^1)ZE3QT+P-O>B^7^IQQAD+="C24<:19\'V(-:B2?C<+[C-8J)0\NDN+;+[X M>J8;X$"YR/>Y%P<`O:@?1=6\RSU,P[#+=#$TQ#W<+B89IN)^](7X+U$$8`6_9ZEGRN1/*8V0HE(*45#+V81 MIIP(%438HX(ARM!:$JA2&[S.=9N77=DME8#^:S&^Q[/Y7DS_HNT9GO^Q2(8I M*.A?R?:6XLKC@-EUO4]/1@QSB42UINQB25'GJ3@E#\3XAW0Z-]3JN6LO]C_> MIA_FX$Q'R?R717H%^OXN^:/#GZZ)('*QT`E`CI@KB0_S>K7XYB+0^\X#&@H= M1@3/=P!:`K?Y=);,_P-ZGR5W,Z,*CXC`IS$BL>1ZTR\H?RA9=92->\A7I$L$ M4IRJ"/;P@4UAN"SF(9@_QA#PH8`2$$GE`@4'P-$IC`.9Q/.%L:8%3W`(H3ZA MI)L7LDAO+'"E+^L)P`O=M>X>*VO@!^*^WD/!]V0^7HSG^I#E9'C[,0<<$:3Z MY-1V`<"$%P`,%BC$&EV*F+A50B=T_<`+.H??/5$!@#>`6P!4)B.PA(8XMLO` MISSP(1`4-.*^Z^N5S"H"T+L!KZ@^@^+U%`$R]_6%S-TC\7.G/\ M20?[,>/A>@=Q[Z.*009G,JO2@(=/>K2%?NIQYIGT59Q@0/$[$O MG5M;;$L(6A`%($^]*/:$IT@5^X$LPZ!=+9,01?$!"MS:$$C@$($`I4;X;Z_[&(JSS7%ZX!@U+B>XX]'EQ MDTRRO\IF[9/1JC3"*I^\2O2M40_$HRI:>MB^7(^`9!5@6Z:=NA=B5E4_UWVM MUGI<+HLT#!B17-0\[$3@DK'N3D3M;O3^`]WHX[RX3K-&0_J-NC8F8Q2":)=K M!H_N>.LQX=*<-$%GF1_ZG@0?@4,2AXI7G7?!A?GAQ@8Q8,;PK9>F!ZS*)Q]? M6+V-T]M\\KM9J&V4%MIQJ#9+=1QHG(3250&]`/D>@TG'PT16"6LW@GB';1LG MWL\X[26L4QNJ9J&/`PT5D\(3@>W9\/^P`WFVC5423)6/,(&8AV$>2!_P60DG@B`.!>V8/3AV53]#L"Z$H\F6 M'$FV6$B`:4S*6#`&6`U04+7=4\52BJY2=M@E2'[3PJ5'$FX84B;%BX[DG`CQ`0+A@G(65S^4NX,NH4W45D7UAR:-(]V3!O+8B M'`N?A;XKA.M#Z%2OA7C(X]XVD"@.,0`[8HZK+>^]NE]=TGQO+;&ZR-;,%+*< MWR:3!D7ET?TJT[(=%/:[:^5``XU11&7@$H"3B,1NX")99;DIQ+YQ9R4]21HC M?!Q)-T8W+^::[0_I>)P6RZUSYBC5J'O9F!RCJE%S\5S&+(PP\3T4\2#PP8"J ME40W"C#QVKU$>6/Q_#$.5Z+01($TPW2T&&KZOUY-5:$$P]2/::AB!I$_P\*K M:ZH2Y74FS*O"=KMST1#`PQV@0[VQ)M66E9F=EG>FO"*84#K7F9I]CB/'GN_) M`/L<,P]SY85A+.M3]P$6[0.GJPS8\R@],,-':5\D$$.`Z&'Z$#%BVBRJ`PNZ MD0.-6D=K7JCPGM85+PC]&`7Z=(R(7$G)JD$1!F?=KK_5NZP^IN!TX`W#-/ND MSR'L6/K:9Q%F!$=`LT^84A*CJIF=1['T6ANDA6HQ>JMI6XCER`DAB' MTE/4$[IOEA=7@28*2-S:I:ZP*W:@*KN[6A0SHP*K(MB?TDD7B'MDE<7U(R4C M!DX5\4"X//*#VM.8-@NM7+O$JD7IP_0\E_2M3I)*H#*4"H5!%,9(J-B-L"#` M$*B!;!V#$.88XG%(?V0I)L(!E2R$N)C";!V&"*FZ%G4@([]UA)()Q8Y(^M:# M.*&O*WE2Q85GEI,X$W4M,ARWSQDKWCA^L@OI.7AZ\TOT10.^W54[E#1R?44% M)X&@,8Z5Z]8]C)37GD25I`U*-U^_(V%;6WV`6+4\HF4K58-NTJ6/C8%2>0RB&RH0($(A><' M'JIW7O$"VE(W M,)+6J#Y(WQ-+W?RSR&>[BE4OHW.P##\B'`N?R[@N,A-AX+A=!4(T5JQWH:LG M9K:-`<:$ZLXW`9="4H"EX(.J,6!2^%TE+1I%9`[)#$"RW<8%T!8H=4#A?P0@ M%D>2UK6RPS"4K=5Y*1L5P9Y.5"]\;!T2*8D+,X+/=-5O$E-5G:+DOO16M@.(X(\F.FR[S[X)1"Y-7M M(53$6??.:E$M;^Q!7^^\_>_#O(5N%.F*A)X'>)^XH>Z4'-.8>"HDOE@KG-G@ M39P(;^UY=[VZG%8_"/2Q+BQ)0B6(6T>LTH\[]SZJNNO!*?"V9=P0BEFL2[J" M)H:1P"ZBNAHHD1&%X+/[:`P@L>?Q5G=F,OU:WEU[PZ$^[V[:DXZSX7WYWX_` MA3^&(/9AEAH-$1FXNH-VC3"\NP?/XSGEZ/LDS.;WX_3-V?7 M\,C7U\E=-KZ_T*?^9L[;]+/S6WZ73"[-;S/P'1<83>>79S_'^`A/TZE+3]SH99S>3BW%Z/2^_9^8]6Q3.=9F+ M3,9.D0[S8C1S8.B=NR2;S.'?=.3D$P?PG)/H?E!PU55-8+(DT/D,KTBO[N$) M)K0H'U&LZG7![Q,G30K]N&0R75,C!B%$2!1F*@05Y3X/*TTE(7&1_[?1U#4Y'DY9 M_Y,:==&Z"*]+G9MTH@^B.]/2)6E*]&]+5^4T?:G6NBF`MA3PY/5B/';&Z0W< MJT>YR,?FYZ1.CSNZR9EY5KXL\K'UZ9T\>^:>7CC7IV57#Z;HW-'ZV,NC#>>] M/*D^S-(@%!M"62^//W<^PWA\-AX$O-/_52-5CLJT,=)9U3]G!I]V'#*MR.5N M\?']>>WT\KMI,KFO&HU6>@Y$K-SFK$X2ZS?JLB_I\E9=^F4/S0'UG(%59]?9 M,`%)&8Y>5X2`_QWKX^PSYS;YE#I7J?:LX^P.R`&R!HZSWH>X+8X=62ITMX>9 M^6@L3P,#S5)J,N*E-P?'#@_;SJF3C,&OZBRK,\^=JO28OJ-[['*=0G#TZJ&S MF'5*28M`$=Q1^1;-#;QE\I`HS.)E/;%]KJ"/DY38QYFNUH+S M&@)MYVUDTO*E*IK2Y9E(2@RS5FEG_'ES\935F8*CS`HE98+?*NP=]J MMUHEYF8>&)J]VO-,:Q3 M7'Q7EMHMY]V11C%FKK@`M4M+\?0EYM?7>?$:'E:!KTVAOWM?2G9-WF49H=)J M5VKM8_`5*%W>=U4XPS', M2F_.M"F>_;RDKP]B#XJR6W+NQ5H"\),0RSFSQ=4L&V6)Z20,]K\RRB6ROC+E MP/74O-!5,)Q/<'&^F-78`)Q#LMH*-`.X\?$6T,'ZD_6S9BFX=MVGJL39>AN3 MJ6&E'0J\)RL`6,RFJ2Z$!B\O<^WZMZ&I56X>,_Z$P9)F_?,Y&\]L+I082<>3"9.J"4"1_=7FELQ0:AX_'R7267M0?6NJQ MXJ)8?M)[V#3MDS=GZLP!$RL_XY61ST>KCT7G$PQE;\X$?;7VA-63.Y^VNA$? M^S[TK1"Z[WW'>>%#^E"IOT'!PV1T"3[\X!@`Y-6B]2H9_ MW!00H8Y>EVCV+7CXQ MN6=5U*KHUU+1'5*[#PA]KRFL'UE68V@P9FL`3V"V,O>9KO.."9@FNN]\7^9O MC?WIQGXD"`ZAKKU*;[O,1IPYT[7 MY-/K#O_UJ__N-VPK#*%VOTL#HG#)T<)&K+&NQKH:ZVKZ<#7,M:[FB!F,;P_0 ME4LDN+>P<(`6]'/]I%>D.V/Y"!X MULXE*W+)`6+D'9*A_7M)CLX1ZLU+OA1G:$W"FH0UB9>5"3LH\J9B!20<.A!N M$S/4RTN.650BA\>DUCT]W3WU*L2OZKP+O<<*9M.>&GI MA(.B`G>U7`:@0*XE$OZ53,H\@DDC*!N9V,CD47&XYT3T-L&?BI786-U:Q#,L M@O+>]I*^%(NPH?K632RJ$:JS`>9;0O4G[_^TP80-)G99FU1]IAA??#!AKB*`L1,_9=!M4V*"BZ;G<<\9M M4&&MRUJ7M:ZO;5TV9->X@`]P$Q>HKKWPKHW7;7#R5"?$SU%_Y3U.Q4YLO&Y- MPIK$UY]^_S;QNEIM>SMWWA?97>K\5K8UF55E'3VSH".U M!1U/U9N^G/!'G$O95G\;_5CCLL;5BW&UBP5;X[*IA8>W[@_<96:!#]A:Z9UW MPWF^.LYG-^_;,.H).Y7/N=N;"SH5*[&)!6L1S[$(:>M.V+S"+OE^W,CW\X%< MVP?@+6X6LWF9[L>NC21.R#>]G$@"XW/&;9QNK*8X),&D-WUY*79Q MR'#]6Y^9XW&>S(&T`S3H/2$)GJX?>K1-]Q&%^"T([F2$937N[Z!Q-GB;7_Y[ M,DN'BR(=.7I'EI-?.T/XDLW7V@#C`4.F:QH>*/YJ([`K^Z7)=K\T"V0MD&VE MEX@Z=^W94VL3UB8:-H'.L;6)8P9VW_RTO='A=&VNIKR>JU%G)E;TVYG$XO(^ M%I#R8I06M23P](LSR\?9R/D.F7]>T`)3OUT8]Y;;J1CRH9&#M4YKG=8ZORD, M8RW3RJ<_JZ-@=:-\<35.EV:WCP"KA^HKVG9\*N;Z_=%%>&2)]>_P&:+GI,=C M;X\)[IO0(YO.L1[,>K!OQ(-1QW_C9M^=G[+[Y+)I?,025UH_W,V MFM]>$/84U[VNL$^_>+>``W1X%X7=4K/!<+_FE76*]=DC^^P:$C_B]^05O&^R.^RV2PO[LVN'R>;#,>+$:AN,H'/\[1(9_-R4]#L!U16&T-$"*-2[CO-K\QW(OAL\V\7M M,FCK0$2;MKDBFP#(FE^\-G^Q[LZZNV.Y.V+=W<[NKA>?9%;@^O%NT[RHG5J^ M*/HA[WN^7"WLATCM:IUQ#@)>@*\K#*73(OV4Y8L9_*G>5`1_R<>?]!;4^3(AEEL]1Y/T[^2H#9^H`_09B<.Y]3<.]#G0T9.8D# M%P[S!9`(]^HW&&G"0_J9OO"J,5`O#P3J;[/AK9/,M&SVVPQGNM[C;K<31=SD,6Z4O0E`C;`M*=YSDYS MS\E>-V8B5%=W]?I:E]>.>81(2&*;(F6"K'+-K]_,!"E1=TD")5*%AW:7>(!`(O/+ M`XD$ES(>D:#I$:A,<2U-5NL"4ME8K?D*<.N++K.=ZHII@EK2"K/"3Y08\0AL83E?LVR] M&)8JGEHD\9EN.+^8BH_%@K$(U5ZX:!@&\6!(7"GCGG0=EX=/%OLV=".8.!@Q M^T-P![D0IE*F?&FQ=^^N+)"_:^'Q1^10SQVY$6V@2V5JGHMF)FY?9,W*'D[VF]>K;&3J@^$WNU=Z^`KJZ$6C0I8RO4>OI"AJ. M^1,Y,S`C[X-P``K[/N*^)Y[8)?>_6^Q#I5LAK6NR3*T(; M1GHK?%2]U`/\C]V/L/T['W0R,"FPOF.10/Q?Y;Z2"@EY$?#E+L"&[=(O"W6] M'8"%QT%XPI#[`^P[OOE7`#1BO2#XSL(8OR95B]@8"L![F)E0<(^:X,[(]5T9 M(U@^`!1_0B!0S0[1\+E/K`ID3;[FDENC1@^@TP]`<]#SCT'X MG8:M/@?#_:9\69^0"L9&WT3+/9GN\6IR'(((AZ#!"P+9O$!U1A)=2?90Z**D MD,D?@A$/T@T@).2;G4=P=/(>,R;:>E;B5_ECHL2:&K+20$=NJ\9'W!.^_P3FU&N-"* M,0)F!,P(F#8!J\\XEGL+USHJ+G+(T>W:@K@-F058;N/R(@;+^H*"Z&K]]1&# M&=SS@D=R"Y=&:1BMYH'5PA-GMA>$P/2)QP2`2['S97K2J"TT-J8V@0@PM^CY MHR./T>^,V_\$_(-/S-<.L#!R_I>P([RYV*49IU^Y]=AW^"A]2JH9%7*))T&"$P',Q?U_DKEABFRU2Q0.$?CSW06VB?C'@X M``;K<0PED&A@/`<^B`SE2OJ@)X#[^2!EJL6WD;WG/M6;#I*BEDEX2XL,4\TL M/4I,%TY1]2X]74KS2B:P@V*IJ9,-79W42#==4YG2;6*-`'QG!&(DX(I:'`39[$7*IM'QO`/#=2%K@N$!4<@J0$Z'4LARYD+A*G]5L>.U=0Y MJ,B[9[8BEP(&:H-&ARTZ_$F]JXF;JIJXJ3*/9XI]U-^@.5Q'31@J=2!!K#CK M)@X#)_`\T.R?A13A@V"?<$'(CP@]OVQZ),.D(_[3'0&[AY'P/C(_`D$D)*<3MIR]<5`_;"! MAW#]1RJAY8@T,(J1RGL,!:V[8RUDP!8W%&B4PM=2%D[=1*1T#R3*QW.2$7$" M7(KB4@)"$:!9*$KTRLWEW9?K+CN#F?;)ANB)/B)H:A59+.(_!2UPC4,Q72Q5 M*8=).F:()G'(TN!T MP02@LY),"=),AD@%B?"0^C*S5Q0G/-("J)'X6!!YWC_OV+&RA)[!1KW=TYXD^`C`[(7_TTT3QE!L5Q*%C!^`,>(58O21H@^]K M&ERK6FEJ'5SY\D;V2IG83T)+E3%QP+2T>S&.5/BJL7,"ZR=PKB2XE)3O=?2\ MU>:A\U;5\(^4L-K0M!TQF[":3>];G8BW*GMURE&U=?FK4ZH]*W%UJX0Z`Q5Y M0$6Z'6OW3/?[83"6Z*S?1SQ\#`*G$'"A=Z_71KA(QVX08TO$F"&<`8T2@$99 MW!=]A0]JK4:EKA=/P#A.F9<,\4?*?_<\#%7`1/Y;QAD\H=9,PO2:OJG9>:>GUJC)[T2=_?00&H?63-+Q%V?ZA:ZM0DLH3"&+/ M2>-]:NU@NA@]GKA/#'PF[A%MTN49;MO"$],MTT$P$>/7(2IE>#%=&)]@WV0.\'5XA4L)8I_V"#\<4ER.(E.8N2#Q$0)K^$:R M.P1"B?VA).:`,B<";LN\GPIN$IQ M%$=9Q@PA7/##.!/8'#`6^6KW?0>9B;')\%TY$YE6%@I]9*<3?V<_X^-JA3=3 MF;,V4QQ$6[;F7,]5AH3J)(^C(+V@:LW2%96RV>E4VM7SZ@6F(@)1VN>_IN4P M2?^-I7B3_K'`R,LS0B?)A^=+Z]X_(Z&3>O:/7UJ=7[?,)4U>K!WZO?9!/KC; M\3G;%NP_G0-3Z>>C$L1>X#FJH7\!K*]%C'V.XC!UH+'3>H!2T, MV54Y+]>Q>"Z1S1D4Y@R*HTKNP>50OY%_F*-E"W164Y[47&KJF^.MB@]@A3^N M2=_I"9O8ZKGG=QWS8(2:==[,_Y3'HLS]3H&8\IE).0/SA3&0]!M(IW=B<<.J M7VB#EJ*P_U$0I$`&3,[0HN^,L>*0K+R8SG=.L6:V&-INX*/QO#)U3:L6)<.@&KUMM5LZ7.U-M"G*%)DS*4<$0JWUQM[ZT-ZL-J][6%__=F:*EX#R-ZN9Y1[>G?__]MUB^'G`^ M?G,M>M&U*VTOD'$HOL!@+[W`_O[/__K/__C[])F^"$/A7`4RDLEY%+CUY1/N MJW"=KN]\Q+H<7:R<(IN+BY;5]WVK_\D/*\;%:/FXM/ MA$R*)@WY@V`](7RLST)D1G))5TXVBJCL=LS--_GM^O+;:]6JOHSVSKX9[8VR M9+17R]+17=\[S`?U.`K&VC44,WGX>>?A/W,'FV%1PZ+'8M'TT,(,F]94H9`3 M"Z'/*%&7N\;U]0O\&:0S2&*39,;O.ZNC+ M]"W\W.^+-"6)#.1)PG0!E/5=/)$!E^+L0$:GX\(='9)?;J;=N=76:/:\D#P[ M(U%&HM9(5*NM;WGFA4A4CN&@6NGU/Z6N:E7YQCTS^WVRZ?8UJ],T&YN-=!GI MRD>Z6B:T:!S^;1:`I'RCZK)GEX&P6'P\BCVJT9X]W-'X+8?'I]+!T%G=.M<' M0XO3GE\(5KM\O3("8P3F.0+3:#6,P&PC,":M8Y-6=Y8'\W/7[04BT; M-H&*XV:1Y5-FHPPU#0Y73>-(%-.O+MI6XSRG%)!E)3/*P$7[QK`-?AG\,OAU M,/QJMW*R=U\J?FFI[+-?U9ZY$D"A^P`6Y(.X\V44QGB0L80F_A#.`'BV:\,M M.E)VM_(_5Y>7K<;ES67SYOSJNE:]J;:;757^IW';N;BM'KS\CR9>H)^+N[5O M/M]][7ZY^WISS[H?KMD?-]>_WWWXG76OX-K=E[N;^[5L(R4<^ELR5Y@SATITAW-JSXM)Y_<"%A>IE M*?%4-Q603LF0-Q3+.^!ZW%720Y27N>0>]VW![H="1.Q=8.>[,&I8U%1`VI9% M;V3DCBCU;4"42+(Q?Z*P%?<=S&((8S#IQ,^Q\*70 M5H;+,%?.F>*GL'Z7WYASV.%FU?2=YUZ4F<3W"KJEO?0Z.RT8S+:M$UPB^I4+ M/BT.MT#-`VE*CV9M(\RIGW4:GOF?31:)4G#J+5+TM%Z:8X$ M.PQ%=W,[&D@GP61V62T:`">46(91;"I8L1)RW''LWF]KJJY6;9?8-#QOT*N>Z M:![,F<.BZ20-.UD@+0EU3Y"Q=N.UDB%C6W=*%(F)A"%=F3C1$-$0L!A$- M)IIJ$GL3[=[]>8!DDN-+[M&EU?B8)^5CUEO:]O*]#!_30$39Z&/"F8:/B@4V M+U/5-&O:SB5\&:JF[.',H]G[IBQ-&=&Y\+4@"I'*5AP\KW=:!R/(:0.]@:'3 M#\&6TPLI$`'+Q7E&`9Z^`FRTM>5GO'`%N/6Y=84N9*6MDA);U:5E[J`JHE1O M/F?^9SDSKR(UP*';<.*FB9R!U)G25;O.K/9-X_K4"'9@+^+E*=??!'-Y/+>W,!AN>W>2&VF@)UB<;:=1-;"2MUD97'F<*N-&\.D#UD.I_O$%, M4EW$",B4`UXT^JWFXY"#7AKMV66(%6VZ*GN6ZN['GZXX1U5^"CS7?MKF ME-1VJWO>O:[?=+O5YG6CW6U5FVUU2FJUWJVU+@Y^2FI>Q1PSK$2GUMJJI2GQ M6&8:B*63B6#3F:@P/;@#$!G8-I?`K=SSGE@F[/O=MEWN`@Y-N M66P`#0;@*#A\Q#E[N>[$=Q20B!*XSK^/0H%=##I^& M:\"YKAP"EHV1H6#D1)!Q&-C"@>84((>N_,ZXE$)*[)U%SR!*\S$\^<`]"Q0` M`3T0$>\!2KI1$.)/P/U-@U4]FJJ057J"2P:D'#)T_QCT>0#=>W2C(75EJ<;! M&_:0^_@D$")SHBM^+71471I[II"7FQ3R\K"0%XU&QCTI?L3059@+>-$#4KA] MEUX&_#<`.D#X_H-_44?H?(&2/$2V!*J/H!L.BR7.WCOQ(#Q6AQ;& M,?07'!,1LN[]%6O7J]#0W&U@`I@SH!/[$0=XFAHPL:U(S]6H1CS\+B+%5=(% M\>$A,19<@BN>RWL@'RB`;Q>;2-\EPF)OT?!0[;Y-N,X1WFOB-G@129+(P.,P MD"+M)+X9P(2 :2'F)1-Y7W!<56-[:V&*/`G%?NC@IP;(YA6GO`0,"!@,7 M3'AK@XY;H[_FUV;/_XIEY/:?CA$Y*X)Y0.]]]-F?,@VH10=/L,^>=Q']/39Y`",>IT$NJK>[P4\=$COA$!C@:`Z4I["3!LH MEAP+1Q,,\D=XB0`.-:V2%7SB"M4,NT3M!.I4]4VR<1S*F,.`X8DE':/ESWJ+ M.E57G5K>SB-H5_B:(R00G#X)VE7-8KM>K[Z=>;HRN5%[R]B7[&,[L MI+U:KTX+':(L#!ZC,&9M!OPQPF"KAF8!VBV;'3HUH%1 MCTW-2*^UZDZJ`\"QZJ-IC4":3"6),_67GGS=(^!5-RLY&"5&8C,65!=\,_#^ M5*Z512*S@AUF;"EPTX`]IW6+\1JX%A0\(`-"*J=MN?"B/^QG5($&UXW&<]%H M6*VJGB#B2A8G?EW+Y01!6CIQ7M.F?"G`E*"E3$TGFD6<4C!2$KE+;4L70`9G M%(;KQTD$*XGH*QL$@S]P/8W^S+27D?*DV3VH26;NM*M!@J5BR5=2%E2_,$AC M#UWQ(+"39&F`Q^LUDW99X)!`3(.+.TGR,UL,P5-.CZ=.@;,28]2?&O'[$;$M*$03P8IF%* M#P`'EV/3KSB`'1C[<1PW2H*SEAXBU:UJL[/T1,U]H6219U=Q/"E:X4RCHQ)< MM,G8P7U2HZ:0:K1>^*@IR<"ILT.WA\JU!T@.I+OKI]'.B5*.>#@028@-@W,C M$6'\#I?T`C9_:&3;(A\G]K%;.N0^&3^"#WA#T%8?3!GA5!:GU6A_+?&3S,[* MYVM_90/FI<5KS88%;JDFV)R"TWHM`]S])\?HXE6%O>?D6X:"$YM>\P?78?]3 M87\$G@#FWMU9-,SXK(/;".TROL#46QJC)S[N??K>**S#L+Z3^%/.TN.7[=Q<6A3TT[+\OQ;KN^ MURSNL7`F.7O+;%M#L0S6U/<\W^@@U%U"T0.?>$0KVOF=.&Y84N.16R^$);_1 M!3`;NT`F/EB_"^AXW?R=/,%KA_"/S72:B' M1^`O^S%Z;#5SS%.TE*P M8B$VF)8#Q&K-2C-_[5D*KMD7P$H28\F3A+^K=<-C(I=!]I+L>Z]?M*QZ6ULM MKZ*(0-YFD)&)YX<8]Y:/@VOC1N5"FS8^%8DP09'5M/U*`1'C8IU2]*,P&AI/ M#K+:S<.503SMZC1&^@ZQJIB;)![#,\^_,F)1I,@XWWN3\#;-6#6NQH&T_H;E MXG(K_U;-ZG3TA0:?2:N7;0(8B=.7/U1*A:_/UMY`G:*(C@D.'"QC(H^3K`I$ MR<(AV1;RV0#Y=((8<\E7YIJ=1$@!=M]X*Y'V\IP8Z':[IJ7^694P#%4P#09:DF+A4&V M3JMJ59<4`9%BB:%`$P6__UG`E`18&2#L_7>6G2OPU5DI2>AC]J6#$@*1:-]?0$"J@. M5MNP+ZQTA02`IP>NKSK)XRA(+RC\HRNJUD"M6M579Z!VOF>A@<;!"PT<9A_^ M$=]KE*6C9B:T?+`DKG2QS"NSOWX?@_VB$/OK"[:;7A5X8)JWQAA&-(RX&R-N MES)NM$A!]FV=&'V.FN:S?1#HP***F1M*3EDBM7=TB,#_LW=US6W;VO:YG>E_ MP'B2.W*F25-'9WK[2).0A98B58*,X_OK[P8HV9(E?PHD M06GUH9%D$@0WUEH;V``V`,#RHXP["<#;*8#R[LN^2K;#GI[6!G"$'FX$QR4M M!.H@@J6@;ABG7JC[R\\5/C.K4X%46*S,+7,[.;$*C!7J/X`Q8`PZ!HS9:3'K M=:SDGN\K?=Y6G$DO"N2C=S=B+];=L/PJOK-/L5Z7@ET437M:CS8HLL]9HC='4==:W/93&4J793D>.3&S(Q%8']L'/;[V? M=QN]@;E-@;:W_:9^OB;+YXHTX9]DNEG,8V5K3Y6Z`UVNC>(T._W&H(54\6`% M4L4O9HL#(\`(^(F;07*KU>CUC'@42VWWV@V,;5D)4JVC%[/7VM8WV-&.@?MXJ4;Y`*Y=M!WO7(Z M#;=7_`(L#%5!/GBVV_,&;O'K)6SA4"5CWIT9VKH(IB'^_'#"Y$&CU\24#"B! M^/+"HN"FL<$E&+$SC-A>)_'*Z3;<9M^T+79[X`?&;+$/<5UX$!.C-8NB(Q4- MXXI?M@PAVL4H;VZGONNXQ1O*%IH5W0D&Q1#+!<5`,7BQTD:FG8;3-7O'DRF/I)>*.&()]^.+ MB"X+F(@8M5%$3);Z*#Y]/-_^N2?I;U/O:D)5DNS2DV8.P7OA-+K=0:.Y9H[O M.<7IH^Q,5;%@3%_5'D?Q0;GN=K[&^G_\@+?:P])OE2= M=.MG24*/9R,1>9$OR-U.D_@OU2YQ)!OLDC/^7343\Z;TA^]BXJ747AN#Z?X: M]MV7Q3Z@X/K'(ZU8630_0_C22P+)TEB?),S4F$M?$%'[U_I%VQOK4Z75ST7\ M@+$CR>*1Y:]2M)-H*$@F7/>8S9)]UBUP#CJ,+@M)69W,R+75-E,\OHAW;!WW[FC$5D\>UWSE?'$*N-&0!!ENS MQ7J39CWG%R)2@U[EP?^342WSZ>W.P6IUT8DJK!/UQW7'B$"E$)689MO]SW_1 M/1B8HF&E/IC8KWCL>W*\%,%94@%EZDAR)14*ZDK;:OW2+QS7G(I6^B8R.Y?\ MGTP-(8@(N0ZQH>[\+NCLG0VKY5W(.UWLY?PD0F]V$N&U5-?::JV-?8(-_>:" MW\&,^U58#$28J4`#$Y.I1Y(]&Y_=U?=CET1,U5,0D1]F01YJ5C>0CXDG-%!. MXV1>QG4$F@K+;V>^%_I9F./[QEO/BICA-QU[Z>TZ$!FH7Z,'WNNZ+1.>WA\F MF7]^\W,F]R\\;WIX+*0?QC)+^&^C#PNT.\O[4Q^(?%*?JJA#`E]F,?,A.=3W M8>S__>ZG'W]XLU!6FHCS3-?ODQ?P8?RKF(A4W9>D$4_>7RU>,E1S,MHTW0[ MK4Z_^?Y]N[7W[E;'8!$`0^K^2?:97[*SF&QY9Q?`AG[%-2I'<1C&EPH;>@*+ MR6PR\1*Z3FID:(\8+%J=33U!TI>HV0U]!P%C'(_Y`O%=&_7(H@ M'=/59(C9*:_DBD-O*OGA_,-*<][4>W'Y^:,`[[NO7I)YVOQ\.RHRH_Y&,>/8B5P"%P6!$./Z^,K?^KQE'_SD??`&89P'SP]-Y2@/F`=:N' MJEY4^UC[/J_G\X"A*]UR7(:)?Y]%T;YX8G6>"ED.*F?Z5O)Z*4#/OA#\%CM' M@"%@6)Y[84<3\J,I!!#(JU(`9]UP(!`(A/8!>4!>4:%ML_O79RVHYTE7FL^" M#FL2TM MN:D*%+@.IOX!UU.1R-1TO!5S(R8.P7CJGJ;:'I)A=@#S;+O90LFB>SU@)]CY MI#Y%Q^V"G"`GR&D?.>$ZP4ZPTU9V.HZQ$\Y!35"S!&IN#?6ZC6ZK^#-/MX5< MFR\]K',@3'_=+)F*?;:R3H2>X-Y:Y-Z".%.94S?9VFDMM(S-33S:;)9/7JPW M4_.@TUMSU&!1MK(`+ICUW%8MJN?&9ZN$J@@3EJ!B3JOAN+W2#&D[T"!QD#A( MW'9)7,D=-=N!!HF#Q$'BMDOB7'?UH"/H&_0-^@9]VP9]HU%JJV-L`P$D+O]H M7P*^301Q=N:9JPXXLUP<8<1'&;&NB5JL,J(UA@,2@40[#`Z2_#L4AP@&>%.?R>8ZLMRF%K"P^*[K6`$EM,B6ZCW3&6,@B,`"-J MSP@X"5`"E%B.`9D[E@-\`!]JSX=NH],WEF]_6QB!=7_W&/+`"\62< M1(!98L19@=.N\Q3:.L*34S(04;K@E7( M:.DRZG8:G9:YR5/(*&04,@H9W34916\4,@H9A8Q"1CHV4EH*#04&@H- MW0$-=;N-IKDI-LCH8V?N?DX]LLNZZTNKV(+10A'Q_=F!J([;?&F!U6:?W_R< MR?T+SYL>'@N9)N(\2T4P(?QKV(B4AY\\9(TXLG[J\5+ALJ^0P+#^S#V M_W[WTX\_O)F7=.(E$;%7?N')U[&7W%Q%T(H4?L[XZ.W>Z;';=#J_NW\.C_>8 M".@'ST_WC]K'1Z[;;9T<]>F?HZ.!TVIUFFZGU3E^WS]R3_?>W3+MHI6&8L(E M^\POV5D\\>[V3?>U3*G2>W)T]OGCY__YRKZ/\\E.J MI[^+B'H0Z6&[/S5[1/![3PJ?\1D,V90G3"H@LE&*(1+*),_1Q3N9YF"^/?_3#3UWH3 M$M]4,B_-F:)8PM*89=$W+E7!"5<<\M5'_7BZ-`I8.N8LXNG\4;?O)E*K!R=Q M&.852KDJ1ZIJJO?)@45%>N0WO`N^](*2+DEE2H]1]P99HOY1#Z3ZBS@X6&C= MZT_'(LQ4>6MLJ.P43Z;9;2L]\`KK3%ZEV=2M*V:+LLDYO6@\NF5`*G]>T4B] M,AE'?./WU.[`!%'^RF0J1E<[3>4/U`_R1*2:1`&=8$@<)FWW^?ZY)Y=-O]QF M"JO4^E(0U.B/4T]UJ,24&$O-*+E//$@%79>.O91*^2<3=(-"12:Y>ISZF%[& M^W[H2<`9K]ZMIS+3@*D<&=Q%G/LQLVIN.$%TW,;S373Q-7: M[46O;ZQ6:]5DX@5Z<#0?A*G!SJR3?5=?VI".OQC8:&^W4YB]R;278^&/<\/[ M9,L+-=B\(%O+]%JM#QB;*P:Z/Q8@PG[ENWZ M2GV/H\(B(=(1&]TT3GD=3J-LWM&/P]";2GXX_[#R\C>56MQS=S,7V5N[4?(1V_9T M9=[N=3HO'YSF7)Z)G=WHE'Q?OR;UK,O[N5O^?MO9?IOG1<-J*-AGU3[7U>W9 MG1O#YVJRLMC5!T,=G_J4C_).]"A/#=`8C4FO:'R"EWFLPWCSC6Q4P_@%; M5J\!:R-^`!O`5A#85F.Y`!O`!F4#V.H.MDV'NV1<1T>P4=!_<,JX&Y8"Z8^UCF]LSU94%;'7,KV$G`1$_V/R8GP*HRE?)V/_`,A9X-_&IHC.8*=FK@]4=$69O@Q M70'BE3\`QT8R8]UY4,LV:MG;P7_5-K90UZS#J\5@`-X0E"T_/M8MWE76@GV5 M#,6W;,1]LR'[5;XC^S53@V_LR[98YVK7N<_-T7<=UU@?UQ;^(#0/7FP0;3(- MD]V.*8$LURV4 M`'X.\FZW>LK7@KV;^O%MV"/OMJ>W]LCK7PR967]=/9/Z[DSJ].,DCO+= M[&.Z@2<2&^+MD.$G"$6+*!_$F6J=NZE>!*[TJ4;MQ'G-TF^9BF44I'XSXM%F@5ID;*A\P:-V,:(WA@$0@ MT0[#`8E`HAV&`Q)W&8DU74Q@R&CZZ\I"@6,>Q1,1>2GA!)&8\LE:#260'[X*S*)N<\X3%HZ65IY+MLW-/ M"G\'AI'VL'EW\L:Z;J/?-;>""*ECP2ZP:Y%=;JL#=H%=8%YG=+G@$M,F"#LA;&F' M?8`?X`?X`7Z`'POM4^0"^&;=NYC_+3R_!H;!=WT2[JS`_0$70$'9_J'5N.N965H"/H"#IN MY!V=`=+,53\TMSB49D_Z$!@1B6RL,:(UA@,2@40[#`$)^ZKFQ;!M"LO.K7`,P`_P`_P`/\`/\&.C?9!M[BD=S?K8*^0D1D MTO1P7_]BTK(?(S^><#9*X@G5-$I%E-'C63SEB9>*.)+,2]-$G&>IIQ;.I#'[ M8RQ2+M,XXNSLY..0\>]^F*DZ,V]"X$M7[\@*SV0`F3!O'PL&=/H^8V>U%O?. MYM?!-0^:75/O;4M#JONPK!0B`!%XO`@8RZAM2T-"!"`"$($GB8!C;+>8+0T) M$8`(0`2>)@+H"9B(\-@\"UIEZ"<0VGUL[DW#.*/=V/>,Q0SR=PO_2$/=L0F7VT"4NVF-W+/)#L"/(%^8)\E2M?YHY\ MAWQ!OB!?D*]Z+JV!?$&^(%^0KW+E"X/'ZL.6-B\I,F1<_74EL<*Q.L.&!TBM M4.:$#3:!8MLQ$&>SX:PQ%A`'Q`%Q0!Q2*U2_OAZI%6HL$\;M8\&0SFS0I5Y[ MJ9!:`2(`$=AU$<"&2H@`1&"W1<`Q=M2@+0T)$8`(0`2>)@+H"9B(\-@\#UIE MZ`>I%:Q5&)ET2$)OF% M)U]5@&Q(K_L^C/V_W_WTXP]OKJ_Z)Q/IU2>>CN/@HXZM37B4RB]D5?]*;]BB MV\[XZ.W>Z;';=#J_NW\.C_>8".@'ST_W.Z>]D\'I\:#5=QR7_NN>'KBHCOC_,D#([;?/G+[59< MC&>V^^;"F?E7=?FA2.EY_BS`&4?*2$DM/MYXH MYD]D0K)TS-DT3M32*A:/&->-2Y,D5B^)T):[JL2EA)$H/UCUR M2,7&EQ%/Y%A,%YZH"AKS,&#G5_FC=1&,_J^00X^CZP*Z:GV%US[JR/>)WW1= M>-5@EYR-O6^<)5R]U#U%J5>KY2!D_==NZ%7N1S)L>^1KJ+?RQ%UWP1;,*.:L873J*$_9/ MYM&;).$5&XF(C"N\<,$22V_!+T04Z4]Y,]!?23G$-U6L*DHCAR@0!_HU>!0L M7JPO69PD^->L2HV[T:"*26-BZ75;WBN[J])YGR@NR6>^Q''H?3\6T@]CF2WH M["/4L]L=='NMTW:_?3PX/3WN]T\Z`ZV>G4Z_W^H?EZF>?V4R%:,KHWJYDBWG MX^F^C5%/IIW2F;7!*^KY33K0@K,_FV5+O^TQNE#Q/D_B; M4*0]Y[Z72:XT51%%,T03Y9R'@G_3?R!2AV1-YM']^=[KC.H\8Z@J2.HUNR00 MZA?MZR)Z\!G='F65T8+?"!D+FT\ MUX";&LX7#:O/-UE\MB//7C_6OBXJQWM',WU&[F0GA:*G\E%'7 MC7X;-%_.'Y1P)2A:Y.AAY\@E/Y\D3I6))KZ]JW^4@NG@8/ZN*&?JL<`>2!_N)^FCOX*)N<4V.JMTDN MO$C\G_93]$[JP==^B[X__+21LMG($Z$J>14UJL,175W;Y(HZP=K*EX*:[7RI M6J,5\+)7-[Y#E>)-IR2[NB`OU(@CWT$M)B(QR2;JCM?*Z:^!@J>,>)&%'G7$ MXX1<\(T0S$G,7FTZS)HM3YJ%#[0E`H)6KH6' MRMCY:S@OC0SH-!$R^7IN!_*J(Y&RB3;$W`@7/%*:2$R8"V;`"=X$_5GG.Y-* M;/,>[@S$Y*ZDTM^R[-%J&C((,34*O"2@=PPR[>W6N^N0.N/_S]ZU/R=N)/^? M[ZKN?YC:VJO;K=+ZD'@8=I-4R8`3Y_9U-LG6?7\;B\$H*R2BD?S(7__MGI%` M&(QM/(!D=^J2LX0TCY[N3S]FNI5>C%=R#[*-^Q/`(1!5(UV\ MMFLMJ[;B#/5^2?BZX9@;%?"KACN%XC.W`C6WG`H,#`B,_>#@\^B`D8ZE?VUF M`B1'%9"C=KN,$''PH]=[:(/8HY^J"NE2.1F(;Y&K]YK-[I'C6[]R'&/VIU. MQ]8AOJY]:/>:.]\@,;2.ZG(IOO?)/?U/?^`>?>RSLW[WM].3P4G_;%EX*LN# MI7&KW'D`;#)C9"9G/`P8B[LP`9?2'_F(LN`=7'(_P.?>@6)])_GB"UP%]EZ. M/NL)3V!`K#!06PW4C)8[8,Q=2V^U0Z92&;)XZB@*@N@*O=TW*MP1I1(F*]^N M+RW_',7'$QC.>0C:+9Q"J=U*9\'K8C=A%$]XL'#LPL9G9@UK(?)$$&3/_/BJ M]DI=RRGW\NO'X[16TWJ0/$VB_(8^2*3N7/G#9`Q/`R&R`P[@B0=\*L7[_(^E MY9R/NYB"-#_T<+@RW^P!64QJ,#^^+)CNQ%>]?O-:LR4)H@37"; M'3X]+Y'.0A)]ENDS'V[SB0G56\Z;OL=T,.+D/-"\W5KJ\,MD0:+/`T7TWL\X M;$%"[Z'E_F76G>".,X8;NY%,B.V([7;"=C]S/U2G%US/2R=IH(Y:?@%O/P8^ MG$QC,1:AQ.,L.I1)?$E\N1.^_!A)*8@QB3'+QIA]F:B=P"$[YG[,?N=!^F#F MVV+!WKT4ZS')JJ>%8W%2>$D4SPKP))'WW91\EXB:I1/\G0O[G8M1B12Z+>5A M;E#BK?+YF:WF\I[6KHE9"9[#]ZAD(\%C!5B5X-$PN[8=V]D9OU:;]P@F"28K MPJH$D\9(^<:I;ZE(T0;4G$OSQ3QOXVWJ-\ M[[(,E"9(&?O/S28F^E#&?C&KZ!&UGBAKG\24L@%+(K>4M4]LMP>VHZQ]XLLR M\B5E[1-CEI(Q*6N?LO:?J>!3QD`9]N1>8L:`;=FU+7U6F7(&""`)(`D@JPV0 ME+=/,$DP23!),+G^0*M=KY>&FG30E="3T)/0LS+HV3G>:EQ2WC[E M[9=6J5!:Q39)6'DEL<50[4M-K"#\(OPB_'HND51",4(Q0C%"L8H&.BESG\"- MP(W`[3G&(5^J:?:@S/V=#>R!>?;EH.)C!EM,[V^T0=Q,CKZ7QB#,+!D+^#<6 M@O%PR):&ODG+TK\VT@Z;P,VQ9`(H8&AH#_S\\"9-6^MCS^Q*Q`+A8,C@5Y:H M:/4TCCPAAI)%(S/S>]WHM"Q`&B.-'3`V`.ZXB",I62R`,3&;[(+[(8M"9!P) M$X)92C:\S4N56CF]-(;HWS!)?I+1?*67DXTWDU$CS821&=H]$#"`$8X1,H`+ MIFD\C4#L`"^&(A'QQ`^105:(J%2\$JBL)TN]ZT4RP1<+72@X\B4[YQ)>P]2( MJ?#\D>\Q'Y4._L43/PIA!"X+1<+2<-;)&-[%OK$+?'7]9'P%&(Q/HC1,S,&= M4W>,R9LYX7IM.^9@0*N+L2&`JIK<&T)X8TMK$(IB@=*6^)&%5,5(I2IZ"ZF*ODI5/%AOMF=___#O5+Z[X'SZ_B2\%#*9@(#+ MD[`GSA,W''[B\7>A3/G^GZF?W)S-1!=^[((K!)`RB#E*O`N0DLB>+ST0_306 M`[!2CX+(^_[3/_[^MQ_R3CY&/)2?HT1(?$U`*RK7\E1XPK_$?E:U`-,+T>@] M%:,?7QWW`0WN)>\:_2=1KU[Y-2Z[I'3/.[:1T>=9LUIUEM' M-;=^W'KUTRTKN[@@]U2N6N6&[G#'W!; MZ$[ZE17_>)]R5\#B^*=D;I5JC5,*3\NW[C4E;E76GRR\)FYPV=/2'XMS[DRRVX=;ITB95G[C8*ZA#2$-(0T3Z;&H=7IM`EI MGE=H8)LD7-Z[G&TB(KA1,OQ67#AG"R[<(P)W6[%PFL:2L\LB&]LV9$@BGK%$ MM*WVBH-]+UPB*#2S1A.O/^!#WE.)T.C));LJ`V-OFE:CL__J7!ME`I=%LJEZ M(8[5KAMS1ZFX M`0$8`1@!V"X!S`8`VY(M^U(!K#K56?9/M:7DV(WR5AIM/,DVJ_`:-[- M`]);#WM.L^:TC@^/&DZ]WZS7G6Y=I[?6>RVG;^\\O75;&9;Z$A]_[X-WX7NZ MI3GQV)QZRPG.FS`(8]\$L`>7TA_=L"B-F;CV90*PR2;S7H5*?RZ6+N!R56T# MG9T-<*)"NU=^,E9)^L=^"#=\'N!G9C'`B\V?)3P<\G@HV5$$__,L*^=GO,#U;;=_JM.P"4=A%ZJO.#[!*BURHML!CF"F/8Q_3 M3A,VP@^+7N*'1?5`"U4<;I>*8+&81G&BT\\S6B`!5.(YR)0NWO"PO'06Q:K5 MK(Y,8130!!*K0/9BJ0@YJVT!S:<2*?A17(J`V=#P-$TD3`!0G"'A5I.Y&PUG MM2L6:.V>=1=(W79J%BO\_E1&NX.KYU]V99\$1^B8S/;EYW`"?#X?FQF6OT4W M6%SH!A?QSS3"Q9O&OB<*_*W8&CD;RQ)DZZ/V+70]$%"X\,2,.Y$SLJ74;(.K M,`2N@!7_^39C87616Y5'D$UGI4>PE3O*C[")2,;1T-(YV+&8,^DR:_J8NP(# MM!B@'#8S+)Q^F(\]+YVP7!5BO7JX&]SOU0&/J7+0LNW^T5&MWFJV&^T6:(+C MIE8#S:[MMNO]9Z,&\BTR7#J$Y-60H$KA9-#M9\N^MMP,-U=2JQ)E21Z13K5) M\UC_9RV]L_H'*,D:#W1U`L0#4_4)2F=Q4[V"'=8KL`^?6+#`:5)/U',.-\`VJIE7:*#Y-L,UYX*'C`A$R`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`*1\%D??]IW_\ M_6\_Y$]^%E>NYT5IF`#S?8VC$/[TQ$2$B?P*U/5N]']G+P-=0R3>J1C]^.JX MA]^7_:_SOT'O%?.'<(-[R;M.J]YH'-9[]7[-J?4;GKN4?M M5S_=6HPB8>])?U^UENO2_]7B%A/Y&VT0+$.KK2_Q\?=^`OUY^=E8/-G,YF1E MBW1=XH--F.R@@/JSOTY"YDYC/U`)A!9+QH(=NV='S)1,;P0^PGFHH8VH_"`\8&8U_..[Z"A\5H)+P$Q\G!9+\)W;X:#SR+-)S-?3XO-7+\[0:&#V0DJU1'$TT M8/`XOL&1\`D"'*+!?$RS?I9DWR^*?BR2.))3?95)ZJ90T'PH%*R4\!6HL"3T M6K1Y#'-/XQA>PU\TY:9QY`DID0CBD@?I'%?]R12TH<+*?$SXOQ0S)4)EN:C5 M6B"]7"]BRXK^L>I[0?=_B2\XL(B"ZNYL3'#AAL.OFD74Y9?1<4ZYLQGA>H#X M02336#S&-G!J;J-E'W7JW6[]L-:MU_L=5]D&S7ZW[=3[.[<-3)H"2]E')Y\' M_=.33^SXY+/[N7OB?F1G`W?0_]3_/#C;!I8Z&\[`>:0K61KT'"`<%:5II8C[ MH1>DPQSM?)DAC1+H-.3I$`R@X0E,#F MN):^3-!BGYF%R. M&6[CR`H0]M&"=H][E9W\S8+M^D<5^\QJH19=H.R6THU#`2:1`JKW&)QYB8*[ MTD9V@R#3HE(L:&E4P"K@JJF(H9PT5J&?D"?@;]]I<:]7#KG9F'.'TO-1,M/U MO@IJ#'V/JPA-IN#S-L4U!FO$,#<(4A@]AB_O'$P!F>0X2H,A!IYBP969#!CV M1QKJN-+<-'V438IOP/`%1G#`Z@%C5%DW:EI%AP]5OJN-WE/M]D&?N=WZGQEU M7FPH=IV]O:NMZ3+8VP5`*V[F'*421B2WN&E32F,9-VK0IT175:IP\KS>BQ]> M"HU5#)Q!F2RXK:?]DT'18[78-(TQ3)V@OXB2-A#7T*0J(-/7#9[,&QRH!EU/ M2:F;7N"5`]K![G3:=VUY_9H"#D!`DIQG)Q-1'PA8L`4P!9L5ET/LZ@X]*=0"U\#6,7G9\T@`7+2Y>`"<":P M??"1"L"Z,*@BU]/!/P*-5O@3Y2.G,X;O6MV\ZT*X"G M+W!0XNM8E+8_%&O-K06D&L==&75F`#W**+W0^GGEE%:;-G>2],YVE.RJF!H^ M(JY!@:MZ<=/H"MX$IM4A"FV&9_-1.U<9/M_3.$S]#XR(0$.>B!..-@A@"]BY M\0WV)M0&C;QK-A6($9@S>[=LNEA%N8JN0E0Q87YHP)3YU2H;45O+AZ0VAD$1 MZXA;C#1#,;703)]MIEKSA?.U8N$J=Q/TJ03)L%@7@(=?1!;K`09P^>X8K>)O M\)^QQ7Z)4"S@H:_C2(3^M7K_C(,R!LT1^M%C-RA-[S$N;&!^!4\F_JK\F5/A MP52D/U+^"S0_-8E.G\9.D]Q:?,04;XAEP6N>T0KF,P2G-#OG@/H\%`EZH]%$6-"] MRJ&54B0RO\J/2Z"NA?GJJ-T!6\:<]5+V6$%8D"(TQ;4EOMF>?JW?[#E-VVVU M.ZW#1KUCNTY/[^EWZ[9KV\]K3_^T[WYD?;6/OWZ5UHW8J(\=5/3\TQT(]%6K MM1OP`D$:]*:27"42FQ#K2PC.`7B+AU9VX.H*X02/5@%Z]`"-0A4B^MT'Q7@! M,LMS+7NC=[PG>$A'V-YD&3P6,!T,F,C8'&,4:Z4?4C@,&8,_=`'>HR%/2VG;;5 MJ1LZTR#_3-$]&D51,E\Q=*V,--]N_M/,,$%&)=J[VG=)`/O0M9BFL3?F4CLW MOF2`NSP[=9*;;,J)I_.7YG?8%2``^5GFX]R"A"X*^.\^J*U*@`"?EQO3XA0\,4(%K8)"[-0G-.PLH2*(C+@#-HV.FBS]I55:Q@*OF_9O&KO"TS59H&0 M'./#$Y4SAR]DH2^+N;'_5Q3R@\T=/4+8S1$6)>%L'$TE+N@WE#(^D6P0,<-)W`-VG_+8$^KP10J4 MN10!,/Z0!7DNE!E\J1UT=@PO2Y/)Y@FBP8=_<%44(8D4"A^G00+NXRD/O3$; MX"&`#(YG*/"2@AI;D(_EBLTC]<],<#Y'EUIPFJODYL[UV52UFN#`@GXVP]%/ M;64]D=>8$%48_FNG8RZ*O+ZK+<_D/N"J].1LNVXY[2<[:WN=PUU68*4GU6X] MV?CQ1-"+(: M7HS58+?-[>.0U;"MYCMMZ[#SY!@.&0VFFS\DHX&,A@H9#;EM<(95;=;$X=16 M'FBV4/'&+ZDXQR,37_AW68E8/2BU6A5C]8=UJ^-L^T"5H5@]':AZKB!Q#R)_ MR3)X[57`\0LVB.>I#&SOD3=1.6_"J9D[8$7>Q-:LUIK5J%,(LG23ZCS]7%VU MO(EB(NL=FGQST+^5`?F0K$@R&YXP>GV)CZ].#^NIPN[&T\,6*C#,#!),.`U$ M7M-=??E4%1S`>GO1:.1C???4#[`XAV1O_D\D8*6<1C<\8%U5F`)Y]5AP+%5T M%47#M];M4ZA=7!_VD7\7>!8UC<^Q_5DRMF)FR^#I`+MF.$4D+_<]G*^*\@Z* M555T219MD>#T8N'=>(%*XN537&-V?I,W@#6_1^H,MQ?%HI#KGE6>C53MJI&? M;.(IPF!=J57!6D4NL-_5WZ6`Q*C@%.WD&3$R9%$(A9%7$]0#.K MX1C.X-/URO'P>SQ4IV`N,*4:JZ=DC&MFV`W#)]BLK'`7TC:O7Z_JS)MB>M-' M8A;(NJ*2V-V5-!0@#,5(Q'%>+SX6_\_>M?:VC6O;SS/`_`BK5\M=FN?2Y70:262@+S[K,FZ6HFI?KLNM%-QYQ'7YM[RM*^:8;HZWSGR^/\:^9%-/,;A9GRFKL' MIQL\$5<,2_-KWAX91^DQGU%W<;Q&4!N*+DQI]-T+LD;2)`X7)[*M[](S-]XH MGIS*-,C%GES"?O?IC+/3Q8^5[KQO]]W^5O$HMT]7;VD#K[O^6+LQUM(CTL:\ M/7*<%QNW`%O>C&Q^HUGR??V:M+,NWVXCR[5#V/I])S=8#?M$2U:*%5VG`8H_Q?\FG%RD/HDL04AL MHP6-@\85H'%7WNUA^H9A`<-"H2"U*P#I!EE6#]NU96BA;%"V@I1MM>P;E`W* M!F:#LM5=V;9FMKT,W=4%$Z[+V'A<@6H6&:V_F^2/V`\6)&QU'"-9(?MI! M6SGU/2KL.3>D,QHKQ*"+#OY>FLX])<("))6J:P'JUK?,-:MB50NM%KHC[]MY MMA$T!AH#C55(8QUS-242]`7ZJL;!LC8Y6"J%N+U:E@W*U;P"0!*0!"0KA&3? M4A:^?=Z@K,E<9RF1'KG!=,#517K`6]OS5L'K#M0SD-U5I2:ZX*#H\1UP:#`< MS)ZR*2[@`7BH/1XZRNQ3P`%PJ#T<;.!!B>>E48RD2-D.V2QBKI>F_67;AT]# M(8YL#V_$FS1B(J5"K)2BRIQ!U@5G18_I@!@@EKNO5WS0%L@"LIXALC!X`6*` M6+$13L<&M(KT;9OEPGY(BX#Q>#&KB#`9PF15#..ZX*'HT1JX:#`NU.7/`0Z` M0^WA@&$"N``N5N]S^H"#`D=,H\!'P>L^?WAX(931F)ZBU1?K5BH M.1&DX^)SNU:59%>A5`C(E\`=<%<`[HJ'G2X(*MIZ!K``+`QH&-"`NVK]7`QH M1?J_S7)S/X:VE0SEF,M$>$V+88\I450\#(#K#L M.(!76[N\%O,XFV2D"X"*]E2!*^`*N`*N@"L]XSU;BJ;9QB%F9P_?\?I#-F][ M[`LW]R491^'TL>TC$8PKGAMW`+TM0#\*$[E_Y"&$6._R7>I*HVZ2;?-KIQ[; MZA(T#I;F3@-7+505DQG@3^V4$ORI<)%]1UE)N_VE60NM*]K)!D."(<&0^C'D M<4==*7!8F+`PP9_Z*R7X4^%"W"XLS-+7/;V*J9#+VNO7_'[S*N$GWRF=G7YE MU+_@,8W9T..N'_(D8M?BD\_]T/WON]]^_>7-ZI7_R_S191@-V0_FA[,I"^*S M8'1%??9%2-G]26185CSB*QN_/;H$6\D3E`W/NF==?N#SOG[ M"\L9]"^'SON>\]XQ+,?NFH-+J^\] M@)U,LDT43U).=&1>F-YC MO+W2[_LH%2$?:3!JD6^)YTL"X6EI16\ZB\0H)=\H3D2,1,R5$!D1&HL.XW&; MD`M9PV+DQ4(%N/B_+[IZ1.*0Q!-&1KD6AV/Q7^H3EFI#^C271I%W_S!R,_'< MB)A+9^GG_R,ND9?^%.TB[H1&WUG6O/SCY0.X:,[[AQ<>>_-J&ZVE M]Z?)7"WBAS0@8R9_ID_TQ!?&V;<'\X.5M^2_\EY>@DU8)+68QU'BREF%EZWY M5]Y_!N5D1J-4&/DKQ3W%U9H4MQ`T^$<+(&N(QR\6DW$Q:D MG3XDG$&)D*+9EP(OI6/$6)COV1!.S>+K&-%EF[^^T^CQ:2G@DAW'I3 MT3'^3S7M_=VV6H+XU>!+JI2:5EFFNE9Y4O66B]&D+5V#%''-3,#!$V`0>G;# MEC4[@\]XKD%*&L>]6S4?"4W^W>GKJ,EV3T--KHH(5^M?ZJ,^5E=']=%1>\"# M6BNRHW#L5,B#"NT,A3SXM$/YA%.XP=5;&2Q_Q3&#/^ M4=CE7-QUZ07".A4&]E?F,N^'M%OO',TM7,:.TW\_M*W^^<6Y,SP[OS`NQ472 M970&P][%P&Z,RYC>)R08R75-4>:OR=KX%@ORB MW#NY='S&H;PS=<@$.88)%U?REZ=/:ME3HE4IN;UB*EOVN\LD'K?1GJ4(JB&4 M(Z\M\CC_FB",IM1?"@":\IJ[!Z>Q'>$J^O[\FK='QE%ZS&?471SOKO=3X5=[ M0=9(FL3AXD06!$_/W'BC>"*N%H*8A]1!=F&ZQ= MW;K%@LFT+6^/>M:+C0&\Y1CC_$:S[/N,NC1TW_O*Z0DU"V@Q+02)'9`&8!^8 M!E"*=)^>O]@P?.THT_3P)AO!OH7^:*=X"E04*EJ5B@Z%,3O]QJ*3B)+L+7KFB$!HYHF1^.D%/O">-&*CG2?G:EO7_-AI=08%%?'90V[-+CX' M[`*[*K';:0VZ6\^3`[L'8??P6()9>Q/F.HRI#^^HG&AN,84AZI")7U[]A\:4 M>3"M5M]6YHYNKO10!S5">`<$!@*K"X&9@L`*LF6?*X$IJ$AS0!KA(^F(0_8M MOMXUW[`_-`S+M*W^Y>"\.^Q:PS-G."]18W=Z@_?-RC>4(EID$LIRZN,TZ3G+ M\Q.REDE_\W,C*CHC+:GBII535.4`(LUNK*.3"!=+$2IR@=[-9E5E('2G!L9O/CXI&[!!ZQSD4C,M8^RP,9/DL3(4;+[JB;R=6] M\^5]2"8$U8!J*J&:3A=44V($HWX&K6.TC7N#UFCW.R\R@]9L]YP7)L4]+1#0E5C$J9LI]6UU"4[-MWA M`;J`KEW0U6T9`X03FA9.*-0JZ-Y/EPFCH+\42/B#!ED<(0TC#."9P#/9*(YN MR^HI&^!U00E\=2#B`$38CK*UI$U!!%SU)Q>Q#'*N>J=M.D^XZNI2]N!,P)G( MS4T.5(88&^],`%U`%]"EE;G0-*O`,MI6SBJP^DN^>A(PTDTM`F7N%ZBIP6Z) M9;0L3"$"$H`$(`%7?7]7O;/DJMN=]3DF)IQU_0BJ0>Y$!^X$G'6@"^C2`%UP MUC.[P*[`+@!!-=@_$3QDPS\!)``)0`(N^_Y#VN1+Y$W9>2KK-+K,SXOZ_A@8;PUR.K>K(A_W[Y5 M6=#11D%'7=FT.>Y/K]7OKZH_O!^`"^!2`J[58L$`%T(+CR_=;W?O(@M.N[-4 M>N>S&X?WZ7Q8O`\W:HN5RBVGJXR"=$$)`@M`Q"&(Z*/N!.(*N\3[S5R\WVGW ME]8!G"7?$QYGX7ZS"T]"(VYJCB=AFJV.`S\=Z`*ZBD%7UP"ZX*CO8!,8[<&= M26`]6!KX28`ZFU_HJ]T@%/348,?$L9053M0%)7#4@8<#Q=&W3$N9OC0%%T6Z MZW4?F2_]D,:B:05LT*N1!/7EH8W;=).>@\;!>8M?_SO@S$TB M-B)R118)Q\05!UZ\M`VPV>X8Z:YI9GO@O'C@V&7[I?57]TN#(0M#=B6\9`U: M7>2>`A/`1`X31LL$)LIT[&H_;#_8X71IK+:=Q5AMK(W$]M3N3`*[7,4$4AB- M6+20A#F[)3STO1'Y'R/]:]`$D]I=&/>6FRY`+MIR`#J!3J"S5C8,D`GYJ$.= M+5`W"I-O/KN#W3X"G#]47K&*8UW@^GOI(BQ98NH)OV/8+4MAVMLFP=5"CQ#. M`8.!P6K"8/:@TS(&ZBK.@<&6#==7,16?O_;ZW._<=ZVD]FOWH>D7$9?Y_ESK MWQX91^FQZ"YW<;RF)=?>E''RB=V0K^&4!J_)8TU:9^W?>*-X[=L)'ZR!U>(?ZT( M:R^>;CO."R5/$JB+TH:.$M%"N>HX'*?'HMG3]L$4MTNG+1LB$MKI%5X@C*SX M]"0]`[H#W95%=Q;H;F>Z4\))Z0R<&G:;A=&"U,(D4M.\WYV[V4(UC9142_Q0 M"#@17!>E+9U%[(<7)ER<6BPJ$F="_X=<@IHM*R)C03B^%_]4-JP8[7Y'S;#2 MWGH)$X8.#!V-&SIL#!V:6,I.NV>582D3,B^Q=?RZZ]%N\_]T/WON]]^_>7-F@L]/@LY]?\5AV4885ZR;?^?(X_YH@C*;47YJ.,)P_K`##"K!"UZ[V#ER[6O`2 MU0U6PX[R2@]O,L/A6^B/%N9?Q!CY4_QOPLE%(/W1/Y*`$=MH0>.@<05HW)5W M>YB^85C`L%!M(8`"0+I[/8"288OZ8U"V,I4-.]Y!V`QC10 M1=#8]@N)3`OT!?K2Q,$J=6>-[=6R;%":@"0@"4CJ!,F^I2Q\^[Q!69.YSE(B M/?-UY"M!A>&M95MH:@+#HH>WP&'!L/!["F;X@(>@(?:XZ&CS#X%'`"' MVL/!!AZ4>%X:Q4B*E.V0S2+F>EE6M$SFG:<"IR<0;]*(B9I37;O,&61=<%;T MF`Z(`6*Y^WK%!VV!+"#K&2(+@Q<@!H@5&^%TU)6Q;CJT,*OX^L.#:E4(DR%, M5L4PK@L>BAZM@8L&XT)=_AS@`#C4'@X8)H`+X&+U/J"=%Q\;M>JDNPJE`H!^1*X`^X*P%WQL-,% M045;SP`6@(4!#0,:<%>MGXL!K4C_MUEN[L>0&[<`?2V M`/TH3.3^D8<08KW+=ZDKC;I)MLVOG7ILJTO0.%B:.PU0QQUUI1(Q?BT$ M>>Z'[G_?_?;K+V]6WW]!HT"\CW]AT=6$1NR<70[EWIM_67]?#X^(-Q(GJ!N?6/;0&=A=R[0UW'D`?# MBXNA/3QZ]Z"G\[UV[4T9)Y_8#?D:3NGCA)Z[W?<"=C+)-FHT+>/%ZVTU)_>, M)>(U!.+39WB!&%.RX_Q+@C":4G^)-TQYS=V#4Y4@+O/]^35OCXRC]%CHN[LX MWOWK;[Q1/!$_Q3?.828@Y-,99Z>+'RL??]^H_!3(/?1Z:Z>\MIA%21OS]LAQ M7FQ$]3+QS&\T2[ZO7Y-VUN7[K(9_7S/[KR8K=NMEUT,^]\WMZ;UJHXP]HJ\G M$6/D3_&_"2<7PH88D3^2@!';:$'CH'$%:-R5=WN8ONVW5*;\#>"K\1FS0WGY MJ1>+Q[OS>*47D'@2)IP&(]XB[-9ELY@(5XUPZ4>1$8TI5K(7@'B[`L1OD&7U M'"!=<2@;E*TL95-6;!S*!F4#LT'9M%&VK9FMPF"*[M,LZX7[*9G*B8PP.@6> MR\=S.7C53C[0'^@/]`?Z`_W14S[0'^6!V:T6Z)EU#LFF]\V3$].LQ/E:&=%0 MY"36F]ZTKYJE;LWB`4L2M5EU:+:<`;9N`M.`:<`T13.-:6.+4S`-F`9,4RS3 MV"W+0EES,`V8!DQ3---T%-8%T+WO#V6:PR=1] M2[*DHS@D0JPR&!:%OB^C8=Y\IUP4H"X@9-V\`M26,C9:[?/BB%G?9'F@I=%H M4;X*$F@!6IJ*%@=H`5J`EBW1TL=>(#NA!4LEGI#BT..9ERB719`9]49RMZ(D M^"$\0S8BTD&,/%?^3'/7L')")^YJSM9JQV:W^+4"SX/N@#P@KQKC&\`#\`H' MWH;H=Q<<0P+[5 M;HJW?:YYV0QLMCJ&.K=F$P=KGG)?REH^8!%8?`R+AE-0_7%@$5@$%G>0I=7J M#_K`(K`(+%:.1;ME#4K;V/E98!$3_9MK(F##YIIQ8G.BH@KW"7[>44\`#\#; MQ0%'(IDR]WU"]G&6 MD?V22.<;>=D:\USMC/M,''W+M)39N+K@!Z%YX.*`:)-J-7G>,26`I=IYK&HC M2,J,X@V2T04V&'J`IN*&IM)60SV/H0O3ODJF?3$!>.\B;G>HA7POT%NW#`-0`M;JI\IJFNM>""3".`_+:0=[J5@_Y M6J#WT'&\"3GR5F?V($<^/:-(S.GAZI[4CU=2%R>G89!ELT_$#2SB2(C7@X9W M(`I;0'X4)K)WRLDP:L3F&MN*L&2)%9&W;/<*FOA:([9::%'1+B7X"_P%_E+& M7^9@`/X"?X&_JM<\\-<^M2J<@FI5@+_`7^`O\%?!]3T@@.FOB< M-;&FBPD4"2T]7%DH,&1!./4"&@L]022F?+!6@\G*Y0/]@?Y`?Z`_T!\]Y0/] MJ2:26_^U_ZVSB2Y/MY%]C_(>'MQE0#M(N'SJKN`61+ZO&\*KNF M[)K!O"\/M)BRN$V1:AX^]J]_$9FD1%FRK2,ID5(LMFLDF4=F9,0OSHST$W@] M"R8\M&,W\"-FQW'HWB6QC84S<<#^-7)C'L6!S]GWWN4MXT\#+\$Q,WL,S!!^5E1(($`BL#@+* M.FJ792$)!`@$"`36`@%#V6ZQLBPD@0"!`('`>B!`EH"*"$^9LZ#[#/TX;I1& M?[BS1O"'XK\[C/\>SX$,X/C0<0PD6R1;)%LD6XMKYCI&CP`-^BJC4HASHN8;L[[QASR%$ M9ERHP;(L)($`@0"!P'H@0):`B@A/F?.@^PS]4&N%TB(Y;8.C+:JT195D MDV239)-DDV239)-DDV3S$&636CM0:X?=A@"HM4,5T7.[31(4_%6T`:=$T>$= M-F@H"RL4;;X1SNP!9RJQ@:M4(%2578#4@X'@B^"K#)Q'\+77&AR"+X(O@B^" MK]W"%_5@*"J^^%'$OI9>O^3SKQ^3Z/3>MB>?;@8C[B0>OQ[V[-`'OHJ^\?`& M0V7G=N0..KZ3MBZXQ>??`C'.O6#PQU__ZS__X]?%9USZ,<>0VW<[YEV8]H,= MNP\\FK]7;/""+]_Y\+>3?M?4C?H_S'_?=D^8Z\`/]B`^K9F-IM&M=QNMIMGH M]7J6V;^HZV;=:EC=9J/?.?GKBU7*4_S6'?.(7?%']CT8VZ]#:.YVS_7YZ4@V M;3!,_>>Y>&>MI3CY>L#Q[:M0:0[,]1=18?R>?XT? MA&/;FT,O`Z^9/E@&:P?<\])K?CO13\1WD,9!]GW]]07"WKN^'*2=Q$'V@]3' MXI='UXE'G]KMLY9>UQLMTVP`45KUGS/4`$3P[$G$/V4?/K]$@=DL\G']&9(8 M2Y,X*Z0&Q-!^.[&:/[\+4O-PF=YH[/J^5D4&"EQ?C8'NB**;U:V^D]$C>YG\ MB7?HLWH?@=WSVMOFWSN*;K0Q:U0B MUG(["CEG8_C+*&(46H>[AL24J5E.JK MI/I@ZL6KU45I.Y02@)6#;]MO`]G++I`=>E\UBAN55Q^4A8>.LN7.![/>5CWO MM:"X+*M/J8X20T1)4QF%^B3$1Z1J#DO5&&UEY>7'H6K*F(S9!E#2C)6I*RYX MK%RX[6"(6-53.TI%Q-(0KLJ<2$0D(I:#B(2)VQ*1`IJ?;]RG'123[%]R]RZM MY&,>E(]I-I7M`3P.'Y,@HFKTH7`F\5&YP.8X54W-4-9E]CA43=7#F7NS]Y65 M+Y2(F(>/SJ5O/UN*4K;RX+G9;NZ,((<-]`1#AQ^"K:874B("5HOS2`$>O@*T M6NK:_QVW`ER[<=9;O924`H.WP?XN99V4V&M#6N8.RB9*9FV5]9_GS**:U`"' MKL.)[RWD'*3.M:[:=&65;QI7IT9P`%L1KTBY_A=GCNLP/XA9F&WT9[;_S&`0 MPR''5FF<38(P:U"QO*=:A*T!>-8:8!B$+!YQ^`]W)MB^LW6S`#'4R'U2\ISY M8,/*CWRG-UJ*]>E&&OE'?$C6K4W\\CC7P$VLJP-4EV=Q?D),DD/$",B,`U]- M?6XT^[768Y>37AKMV62*9TIU54XRUZ#,ZH)=5"O$6Y#`H>V&[,'V$OZF[%(? MQ/46MPQ]$)M;MD&LF[ON$FA5I$N@N9L7JDD)D/=.%-MQ0[8R4'3'+;'.;<_V M!YS=C#B/6=:PC5BT%*6D96#7_;-H+XK=L8VG\?71Z/LG>V,&4G7XM'#\S MF-^VB2DD?U3)("+$.2-.7B*K58D>J^COXJC]#TQ4>FUGVM5=H36Q_(N9* MIUF^^> MU\51F/5>[Z+6;^SF*,S<!!;M^!$/G$FT4>5Y.Y<#M6[2;O)@)8H+E,D->GXOXH"6.G#&13* MF@]EU6O*#K,H_=HK#&65V4PJ&)B5=PL\8OR=#M$*1$!DS!T+*[;D*$.>]CCE(B[A6,&KIF&L5WZBB+))&=HP*,6F3GD)WS MOIU3,[2F136$9.BL@RW%^]P$.L=HZ-1;FDX!'3)TUFKW$G)[&'-E.6Q"GC60 MYYV,=>4`R#!;6JVISM5ZASYED2(REPI$J""V/;*7]KW-8DX2+9!$)TBPU'`; MJ'IU-=*WB?+&T@J]NE3B>[3=)M=8!"G5ZXV:;FEF2UW\=V.*5H+S%*J;[6OR M5ZNK?Z4H_V9DA_S:U"KRJ:(3>^K2@-16@DU+ZQ(5*]B_A_M M3'DCSM!?ZIE%.62NUE%"7JM`5/@HU-J*"JS=]E>N^YS1])<.HKMGTJ5 MY;&UF_X3CQ&/$8X1CY6#8J7'L1U;OO.=('=K[1YF^>Z-^\2^!J(NIR?*7`HY M]J1$Q"R=C.]I[],^RTG-1E,S6WKA1"J+D.%]VQ2$DGB5*.%5>FZC'EKSG6[. M&L7KL;*L/2%-29'F,!7Y!Z-M:JW:[H[9F;%*<612+I0K.RHD?:3G2<]OZ%-H MS;9!>K[(D,AA13[P8(`TYE'8L7&$R^KI4R+$T>LMK6TIBV.413**=B)(*@ZZ MX]I9C22")(+TQ,Q)MBRMV51N5!RW+TPB<\A*1&N:RIRYLK#^7GRV$H6,]N3, M611]H]AW`1AEF2U-URFU5$HN.3#Q.L)>N4;]K%8\=)-PD7`=H>[Z8-0ULUE\ M`1:YJB1\I-E>Y@W,XNLERB)#>_%YC\:U5=;(FX#H@.//[;;6U"DE0R)!\>5< M4;"NS+DDB3@:B3A<)?'!:&BFKOQ0O>-V_$AB#EB'F"9I$!7>6HFB(WMRXXHO M6R8@.L8HKZ13RS3,X@E5%C$KV@@F$:-8+HD8B1AIL9UYIG7-:.SN1.;C]EA) M]DB]D7HKS^E]NSZ`;ZUS`&]BN"-]42<]>F[M\_RZAM%L-'J&>='KFTVKKYOG MV7E^_6ZKWSW@\_SPA#YQ=)>8^SZKF MV(Z'*4X98GC81DD'N*\C0`XS5WN5.V0]9G^W_00]-H-Z(I?3%MJ&<"D."W=K M`81+$P,WM9IA:'I#67W6JS0L@AZE"]&1:):H!++:K%B*)HS5`#'L#%6\]JP$ MUVP+8!6)L11)0L7GEA.R'W!QN^+S)LHB`D6;0203!UR^KO1:LL4D3.]]8D[`?AD+OD?N]. MZ[^3+JZV\F\:6KNM+C2X(JV.VP0@B5-7/U1)A:_.UGZ'.F41'0H.[*QB@LZ0 M+JWM8(%\.D&"M>2OUIH=1$@!:R8LK:ZKVSJX,1W+(J7;(B")Z+Y$5&EA15G8 M45WMQ-8(5P5``Z/-:NR?9&7A'@KC;+\;\<%V/;&M##<6WHLBYZ+,-U(!^U`! MLV*H)4\L#;*UF[JFU]6UP7H7VXH@2^D`CB1R]0C0>]MU=K/YIEST6;N1P2;; MI7U>W[/*J?_W]:^?V\OKJ MS44K-4>]VU2BJ"82?W.C.`@1I+QGC05)R&"Q;=D/A(WLB/E!S!QW..0A]I.P M,2H7\BCQ8M%((ICP4#!XQ.Z>V23$[_$SBY\GG($9"(PJ_HH-)S3L-A%RL`ZY M!FJ2RT=/X&'XJDAR/'/](38OP)O.UI7!]X5F7LB62JH4TH[O7&8=-+YYMA]] M"SQW\+R"T)T;#;/6[M6L7DLW6HU&X\*0/4@:1K/=:]0/I@>)_(J7?W)C>-\@ MMS'X5)"5Y>FZN)I;:IXEG_IA,&8QT)#%@?A?C3UR9F,/&V`V/PTJ`\?%P/'X M<1",Q\"=HG&*O"Y"MGWMBL1WX_0R>/+('8Q`6I[9'4>^0&4O&J_`N_-WP:7P M"W_B@T3T8PF&0W?`PT@T8>'CB1<\XSF$%LNSX#>1<""Z-#(CBN!`.DUIC' M2U_[+PX$'@3W/BPM4FK*(D`D_,SE&^S!R.4/$HC2<;WR,C="Y+D3SJ?L?@// MFL'87R(V#F#<\%)\%DS!!8!!DD>`$N+!0]SR^H!;7N=ZZ41INQS\07JT#MQX MQEA^"HK:U/QD:(U&6].7G*ZQR>/$HJD:F&G5U`W,]><:%L M%Y`R@L.0%O.IFSQ(0R##5EV`&JC=<82/!7"NI5DUJYR@=>W1]>W+>?L43#@7;`70.YW!($A\-&K%=2Z/UO$#FYV>T;',?K]O&9T+ M\Z+?Z%NI25JO=[O&SDW28OW"'U^_=K[_FUWWV7_#OV`(#E76$V78!QAM4[J?V_ MS'17(:1@C*&Y*:RV`$S`>P[VL>VQB1W&/MK4TH"[EJXJ6'S?Y!^$"8V8,PFB MB$<1&R:>QSQ^#_>B4(6!)_YL)_$H-8_!QA?/RKF];SU]Z9P[XI[C`>/LA(K< M0&7W$U40#29-`"X1+-2"(S/)K;2+G7/`^(]0CZ^W9,C(_,\$Y`?-*.$A#5#[ MV_XSWCZ8\CD,8NCZX)^XP$-1##^@`X)O''B)PZ>W)GZ\"><`>T8SI2!G=)H. M!#P?#QVCB(UL*;,]C!*A[P9N\@A@''UCN&/YV@481(*G@>.;1$NI=,61 M,C"7-`(5"0=1O@5G`V_Q7R/%U'O$X3YF_:1LV4\*W4]4V?@QF/K@;\[-2<+, MQ82_NX&S=,27490(GQ8[LSK2JQ48E`LBX-_N`-A@Z7$ALB'CXJD!T9$++G$< M^(M-GS:"CY=1B;G)Y",3N>@"3!$9%DF^;/'?E%MDB5CH@304XR)'R6",'8V` M%31,1V-\)1`6F/:2OC[@Q[9S3ZL;TN2?T+L.>%M25WS"6+`DCRHRGX+;<0H/ M0\8%)G])].MODK)S]!Z,L-^SE-H9&^-0NV`(&DV<1Q=0\L?9S1G[O=/Y!FP" ME@]JDEP"#;3/V/Z#YV+.PJ$`?3^6N>!4;0V'?!`++@Y%]@K9<#RU$N%ZGF*N MY]IWK@<60OHH9YKCP@L1JX'=\.F$EGL-@S@1X"F3MC`#STDSNFPH$F:C(,J-C("M&&#[S@<> M+).0!B'[A49$A!,83E^)X>HL8P>B&:82.A7OS7Q`N$M4OR'.R20HL&V,/"RP M4?`N*DOX(7U?ZC.^'A$"*([R`T]I!?/!%"[C$BD!H_VIFX?Y5:!S*@/9MSP` MPGRE6PJ(1-Q="'=_M<,_N#Q6XH;#H@O"J\GYBW1KR@_/`OGX$[`9LNAX]M8T M[A!-7XYJS\Z*DH6C%-G")11<'CH"WJ=\VI_R]\RN93=XKHTH"C@/X'_^`AY6 MSKOJ=V[.YSRK2U%A($3CM,OO8H'Z:?I^1A1VG[CBY6=,,GM^R*%$>U?N?!,97Z.UIV;BSE2MTQ=RWNZVS+:*UP]:X7-OG(;S:R9F30K+\J07(Q- M#C*5%08 M#+B#F"*D-W2C/X1=$T4X.FWJ1]@3N!(P6XED$!7KR1F,&<.'4\TI33)QTA@.1+K/PO1+`XU`B)P*F493A#.]1/E\ M0-R18>$HN9OF7>:-61'8G>874NLUM3&%=XG?Q4CA>VC[$2(CAGC%8*/IK4"! MCH_KO'06]L*T_Y+.ZL6DW"@WK_&8.U@H*_DGR+\+XUD+E$1@?$5QFO.*$[0@ M:CYXT(L_OZ8?W!4ZQSN MG0IN@QN1)*D,/`K7,AVD2!#!@H8/J+&0\DHRH3G42<\]*SHW*E*.PMG)2C87 MUE0Z1",`J#=4*T'WHZXK?_IN+4?2&HP$;;+MVD82Y5G]$44 MUM\EKN<()$1I=,>H&S)+-1_`!O'%('A[AB?6S0M.$W,LRHR)(F!NQ"/OE MPDSS_@D^+*V#3L-XJ"@F8OKHI$P#5P":X7T6LLP]7@3?8#@7+R_\,#,'\^^/ M[2>LI_8"L'6''#_*(&B(00$Q=S_]LO"6_"QG])*XBK(,.E&HB%^T=):S:8#Z MPWQD&F&=7LE$,"6XAV%FKM+TKFD<.4J`.'(``_`@4'%B%D&HJW2WA(8(C!E\ M5(<>%]@K=1"L+$>=F#?T$<#!LDDFH,XQGM&O;LFL)LV8)Q%W!)Q4\M"?++., MI:BFH;0.=6JE927S.-(EDC)?`/S(YSE;HX-@R\S)]589.=E26U&MAI/W!82J M:MB*8!^S44;V*2/W$`Z6FI'K"G6G0AQ4:&:O6IZ+=MA@@\:<<_!ED'I+CU1 M]QK.LFK<>77OR2M%KICB@.ND4Y25/Z;5)J]N8YG52J6%+',UC^F..L!#CNE/ MF#:+9)$XEY6SL\TK8'ZE%8;+1G>]Y.&Y,LJY/DK:C.191=BL:B9>?(ZLX-32 M!`Q.;[I[1_YI82`!1LFR+]_# MZ[/.)'0]P5UR?X@HX>%;D-/]"":-1#G.1 MBT-F#V%X+),B9M2E\,C:+Y!5@'';D=MI\1EC-Q:%Q;XG$3J;0UHY)'0RZGZQ M-SU?K[QT<\$DY`]ND$181B6)B".:RX.[Z<;I7&6=&`^717+3N<_F-:U:JQC4 MD%6N7C'E1;;^ALC*C7U2,&VL++F+IYRW6%MBYT,/XMJLN$[$4-,Z/2UISF((G;J8;2*S,QH3_GX1OV?=K MMQM=J3W3?$/'Y>W_R80K$#5X\("OFR#(9)`.&LY@@N91KJ1G4&*SY\58.42 M.V7W_9@F^!PLUY_MIX_#!(LY4;^-A=DU"]/,^FN!^A2H#U8R?MZ6&5;MQE+3 M=8R?JXNAK]*Y1]O9]'[2SW1]\4",C68VL;,4(BAY.4&9^D`95KP&M?GGEE M-K34L7SDN8]Y-QFWG*D,-ZYUWS=6,,O8M"3&8&V

5`G4& M@G/F`&[9ELW$T(*)V*-L)<9Q*ZGLG_J`10NRQ!;0,@[";"=T;G_[W3.@>B][?T2_9.U,9JLA%ST.;7'U5-\O#%C+2N-!#2#^BX8B(C8A M1S/?PEMH4'B8Z'L`EPVD'SA,9&4!BFL2906&H@6E(_H`Y/H+3%O;B2W]P`]. M.O\<@\[)>XX5ISI)B)P#OJ:Z"75DH-MH6U8^O)*E MQ$37K.`.(%J&8F`X@A=QO^ERDDG&QY5%LPHN$ZL4)9%<9AQDE!O*"A*!^8., MX'S5FV`"W5EK05DKJZQV[CAK#P4R.:XCTBU3+I@/5JVPL)E6H@52OWWJDL(F*:J[.))E.$9#VASB; M1`5@4DU'D07\<\%!^"=#K3O<6\SE^4JH'Y*!S'"%07(_$E>L?K;5-H>X5?B8 MM;G3RY0\L=TZ:_RLQ@I9Z>"E*I025$+,OKPX^NKMXZZPBA1_R[)A4E&+CLXX M?B;Z,XAV#?BC.TN;K7,FELBK"D17(4N[/APKF[(P'I4\4=G(\F1>BE[=G`$E MS/AL+MD!>0B6(NB0[@F,P.B4+7LQQ2Q[>$1S=E@T2SZ_.&DOMR%PWN.H+JY6 MZ/A*]+.X3!DH>:+9U,P:_%=75+*@;L.ZJ;7-AE9OMY6*-_!C$J.!XHAZB?F] M[,LM#:EPU4RJH;7J3:U6:Y6/VG6SI9EZ4S&U;0(`M0`PQ[&RJ"7;F9)9O5/= M':6\*W;.NZ&T%EP^MW,ZZUHD2J[Y*S".G<@7#CA-#W'-;=E_PP+!#84%Q._! M?JTILE^5L4"[>=92-"9J_G-?T]+-DE&H5=-JEJ(2[<*A&LQ?NJF]%Y(S2^YN/DUVU2@W.13A7DHUR"/-!\&.`AUD*WR9,Z MD_'8#N&Z*&TE$HU>QH MC++V;]EOY<+ZZ>%ZI,(W'^T'$3,*D@B(">J`/PWX))YE'CZ*S(1CQ_8OGY2) M4E6`?2!*_UY];>XI$]SZXM^?XO0^Z0`.>;3`[_G7I*?>9??$P00?_#1[L)3_ M`?>\])K?3O03\3V:V(/L^Q)"O=,F!N#DWO7E(.TD#K(?1`92_O+H.O$(K@9" MW(GM/6B4>_8DXI^R#PO+.1MW./V$M8`X6O^W$],X86'P*+\8LP*7V)E]#)<^ M0@SFMY.:_O/<$V:/7OJTV8W&KN_;^0MW?%^S(N.D!7SEOE9%QEGN^;V&5RDB M8Q$'GN"=8N1=$,?!>#'.\7E.:9B@`/(:(?]=/F'N)PG9^,N[`\^IJ0"&AJ>> M?AJY#JBF?9C<\^0GBJU+L>EPFR?O4$^J[Y02QN2)B49Z+*OG44/=I:H]1[_5 MK:E-'-F%RMFW>Y,1'Q(?[H8/KQ9\:ZR=9G^3WC2OS1'*V'7&37D)\`W'9E8LS;)1C&4W6+9UE<8>.>8GU410/V?!0DHG MK9^9K?KBJ4,;SKPL2XGWK5W_3S!`,'"L,-#0&DO.]B(4(!0@%#@>%"!C@&"` M8.#H8<`PR!0@#"`,.&8,:&A-8[&]U9&C0(%U,-4/N/;=,(I5QULI-[)";L14 MO:=I&R*O4?-6=@=F8[J5122+MGI(.DDZU[(IZN9B.WL23A).$LZ]"R>I3I). MDLZR2J=A+!X`3:))HEE>T3P8T6MH#6OQK"/5O'4HPK5]Z6&5`V'BZW;-5,I' MJ]*!T!KJS0+UY@0)=D[=9FMG:5E+66YB9;*5/'FQG$SZ6;VI%^3<+*%5"=B% MLIZ'BD75W/A<*J`J@H0[0#'#T@QS\2#(H@A9=D8CB".((X@[+(C;L:%6=D8C MB".((X@[+(@SS<6#C@C?"-\(WPC?#@'?P$NUZLHV$!#$R8_E:\"W#2"F9YZ9 M>,!9R<&1B+@2$:O:J*541"P-X8@3B1/+03CB1.+$Z4/\0_Q#_$/\0_Q33OH0_Q#_$/^4R?\XFB8X M01+&(^J"4V$L*_T6/75%"N^Q5><(9PAG!F7\Y3O=TBI%F1 M`'2"9_SY=N2&=(#G'GOX;4*K`^IA6Q8Y*-IJ(9$X8)%H:+6ZLI9!)!$D$967 M"%(2)!(D$O,Q('7'`8::#4U7EV(C&%TU<_F_;DT\W<3#X M8P3+Q\.H]V?BQL]70/'[VK6];[)_Q[\^9:[F"8FS/:6X-[*17BN^N#@HP_ MU5H3M2?@7OOL[XGWS$R-(4-I[)$S>P#,&G*'?;/#/R+7X>R?KN?9]YQ=!6$\ MTIC-)F$P`51Y9O'(CMF8\SAB01*RBV`\3GS@='8!P^7B(>FE4B&W:BWS,PPR MM&-^_ZRQ81`R>P*/>W+'\!.,9(%NFTSK)\,\JS.XS',#7\D3F>NS@1V-F.T[ MS.;FEZKJQEQ]&=BAQQ(',2S!7NT(S4C-73]9S7C M!,F)@%&`D6(@8PPPQ((AFR3A8`1_$`1W(P80"`SBX#ITDBAV?8T!--K1F3)! M(U38#!5N@J0BJ&!5%!7:NF;HBQ7SA`H;HL(26^TUJVO.-OL1\>MA#UZ#7!FM M8)!U+GI&K].LG7?.S_6.T>AVZT9=-^M6PSIO=FL7A1MDNX(-^14O_^3&\+Z! M?!(0#%=M2K*SG%N^[),*SD&IFX1\8DM!Q/G3C$?MQ=G/&?N]TOK&0"[2+&!`>,`[O8'$`W_[@C$\9`)G0CJ)D/!$B M+W'/'@[Y0'(MC`(L)N3B,?A1B(9#O!YQ$6_U7/O.]=S831_E3%T#O!"Y"QQ7 M?//(I^'0'QI!]7CI#?.9KPP@Y\'F2OI@_3;@?P1&5N9OP&T"$&SB` M9S?`1NX07$D8THP(8M*@(!)8:]`FH!GQ`=H7#AK8;L@?;P]>A#$O4$9-) ME8KVX@YXUC#Q8-X/7ST:+@W6%PHIBAKJ)18_V9$;7&0VB9))1"Q6>.Y[` M0P33`/MXSY$K9X$W#>PP?,8+9P3!6T(.:\?%XJ436BHKG4&R=7%P'N$$^#U&X:?;$,"5\TL@(C#E`[\9@0Y9RS7M M-,[;';/>J!LU4]>MBXNV9:5(V.W7C?.=(V&AKNKOWSO@G[+;:W;[_R4Q58*9>#^+@#GC?K`E3%?[E]F"4"942?3*$)ZDR%@'&N"`&BZ5$23!1 M\GA8/#7#3(?&0(O`-4DDK,/[$%"?*QJJH=67Y-0W&NP`?`M0\I$`)'!41BXL M/V@-812.Q]QQA0.ATAIO%C3Z*8W!T$#NG;+(R`8E)O\JE?Z\BE(4,:F=U1?; MKFXT*]#N5.SEIP"IH"=A$F["[YI+"8E-G6F/91[#7P%X$LVT,V@EM2;2V_DP"_.,D=`<(N@^VZPGC$Z%D]O6%: MUD6S8?1J>J]K2I.J#VZX;AV62?7CJO/U^OOMY?_M==F77N>FQRZNOWZ]O+FY MO+ZZ89TK^/6ZO(!AB\X]P',0/'`^-YP*W@Y,13 M=S1`GPOE[H.+`A8D$=@YT2^?5$QV((*(JW#L7$9>!XKD283?\Z_Q@W!L>W/Y M8P.OF3Y8I`'9@'M>>LUO)_J)^!Y-[$'V?7U9&]OAO>O+0=I)'&0_R*(*\L2BQ:&E8-(L*Y-C4D/&!58F^?;_+O7!J:FZ:NF(+7;TJ(EIM M)N&[D==2TXKXBOA*.:VHF\[KU!1!11$`3J.*A1E[M%^D.)0K?8]R=1L\MMB_ M488M&N*^AF:8ZAK9EGWM-PI@$](0TA#2;$V-NM:VE!T37/JUWQ9I*A(9*)*$ MW2PSEU:&^O>B./)P7+B]0_+QMD:N:RV%9@\U1R:)(HEJMM2E9XY$HNA,]+=V MP8@:194JG]PS.ILO7\-M:.T:G7Q)TD7258QT-2FT2`[_.@F@*/HD=TWGTT"X MS3$9)YZ=[O\4NR;C9?O?R6\I')\J!T,?3*VN#H86E[VX$*QR^?J%!(8$9A6! ML9J+V^A(8/;CQQ^(5G>6!_,+U^TE(G)U,6SM>M_*.BT?#$UO[NP4TG?I=MBH M2;)+LJM2=FM+=G&3Y);&WCG8](0F^N9A8RP*5.RUBJR8_N95Z!6]NZ[E>Z*8 M>G71TJQZ024@RUJ15X&+MHUA$WX1?A%^[0R_6LT='J50!2[:%K^V.#%ADP9) MHK.2Y_I_?,)6QGX0\R_PA3V)G\(`9SZ*X\FGCQ\?'Q_/GNY"[RP([S]B\\F/ M^.>/>.%)>GW\/('KX='8_\LYP6>G#X=7I=>,0FS%]-^R]9)E6%;/.*]91LUL MU(U6K]/K&:U:L][JG^MU,WNN9]]Q+VO7],X]_\^[\^;'(YH;!^$)^_CN@&JU M1J?>ZK;JO4;+T/NU_GFW(Q_>UL\MO;5L0._=L]V`.JU^K]_LUV&Z]7/CO-DQ MQ,,;M?-:_:+363J@=^[9:D#]\XN&85J-OMYHF(+^#3V=;:W1;5G+!O3>/2L. M*&/03CA@`@F$I,O;['#P#K.F5WPSHPK)&+K)E-6A(L!2>9RA.Y`]T(/9 M]Y?//_OUX]PZ"!4^_Q/J`L``00E#@``!#D!``#L76USVSB2_GY5]Q]\V<\8@WCGU.2V,DEFUU7) M))5D=O<;"R^-F#>2Z"4E)[E??PU:3IQ8$FF:I)S4S8>QI*#!QH,'0'>C`?[R MUX_+Q___(]?_HN0 M?_WZYL7)L\IOEK!:GSRMP:XAG'PHU^GM8JBJ.RL97>^W:_Q_F@9?Q:?G=O4>FK/5\W]ORO6G.^C=7C?X3-N< M_[:H/MR%%0?E)]7VU074[6J1!M+3:GE1PSFLFO(2SG#%6L+`1O2M=I2V/0/7 M-5O?+#+:,W^W=6KD)?2;=@^)C*936A_#9@&O8OK67[&#NJNS95[O*CJA%O_[8 M4704'?Y66S2RWE7OZDVSADX]]A6?1)=^_=,A-8IF:&CB)(=3LI/XJV+VW])U:+O'T+?NM%=BAX2&0RG?IA MUT-R,@U[S1G=@J/H]P;LXGF3B-.AS^V"(S__62]8]I8?6YM>+-I;?A1MWL+[ M-)K[^ZG[!<;19^,:^/<&G_#\LO\LU2$UB6:_5^M.)AV4&4FKY=+6G]!2*=^O MREAZ-.&W.R_H=;ZN%J7OGD/O5LF,>O?M_0%US=B*47MADM[X8V675;TN_Q?" M"[`-/NYIM5R63;/=*WA1V=73JNDT:NYC9\7,,J0)CKZ3N[\K,2K0JHQ*+R7^&]?7";91%M MX]J&X(.!I(!)T%!TIS)KYNWB)EI%3U-<0[VG>+3_A#\0[0%5A_ M>7BS0]6=Y0J5,6`Y8J"LI`2\ET0J&XD1+J>26ZX$[U+Q!@^>U/ZDJ@/4CQ]E MCTX^0/G^?-U^O*K!UOYK>MS*A]F6.&W2Q)MJ)$B@Y;5\RN\9'?AJ7'RP!7?M MOANC`0?#J_4YU*A#=8E>WMZN/"A36,@91&Z)T-J2H+DD0OFP59MEN5-F6+>R M[[!;Q\;J/-`,M%M6'E%7R6U4_JS9N'3>+VZ@B!3^!>FD.^"*I,C=X,WOYQ^LWK.LJ3N,BG&7-9[YF_- MM(B_**TK%VT$!0%YNZ[\G^?5`KG9?+WIMF/P=(FF22,&"9H8+3(2D`J$B0Q( M)A0%K[PV"NZZM(_3ZMO*GJW\8A-:?Z5NQ^AZ79=NTP:9WE6_5RM?K=;8?ZC* M^S:VB%U[`)MQ'E!0Q@VGRI&0.T:4]$"LSC.2^TP)Q0U$:1^RY3$N1:H'@O$< M2]N=1N(.8)D"B?!9A-,Z`D;EQ-#<$BII[KW#'T+^D)ESC,[MY-<`5.?@RFNL M"^H:K@;8/^QB`Z\VZY32GN`ZP)O#@@5HAJ:`X\2K2(ER^.3,1$.$#=PY+ZC/ M'[3?<]\.K"9&:PYNI+A)M?JB\0$V?%NTB#'0/#RD-I8B9 M!4-TYC6!+&1$@C`R]Y(R,9`5_'MDQ22(S<(3[S?+U`EPY>WOR*M/N7]/+FVY M2&LL.GIO[O[10].\BMB`KX^&'*9D M5RV%YS3/7"Y1$_"$`Z[KC*I`0$7#F719)N(PJLEY(D#3<6T"[.8RC,J6[%>' MBMK-2ECYW='D'E*%U<[EF4P-$Q(?&S31C@%1C&N>"2FBD,,XHK['Z6A2*2.^L\#EBYL)#YL:D4;S[`35'A[?) M3Z_MIXZ]I)O%"N:4D9G!E@1N<1P(C6"@!Z!`X4C@N6+:/>30R>!>J48%929C MLMT$VFIYM2V4=HEN8/!T4]=7&Z-IWKOZTB/3X:Y5%CPSTCKI2&8]+KH9"P01 MSHBFN`XS&H'&@;29?::X%VUF!'"68/Z5B_7I&5Q43;F^;L3!D/X>D8)['0T% M2_+,:`(^XLIHI2$^DQ%76JTC&QC8GR?\,A9%1@1H#@H\*R_+`*MP3>D[SBA] MQ!'.G.6"`V%,YB0:C^1'`YW0G&G-$M3Q0<=#QJ+&1&#-LA@US8U,@%U+2UN@ M<#+35L2,")EKXFB.1K*B)D6BHU*4,P-95U?WRYJKUG;Q)95_KWY[RQ9!10-H7H8%?IPY9'F.GJD?-GAN`>#4^*'.P[XN:9^UYR>2\OZZK"ZC7 MGYZL4\+M`69V"Q>,"6>$!,*E-SCF&!J`/.?$>JT"=^@WN($3U+14&*D?JQD` M.SI-;@0&X:(&7WYUUN:NO-E=6R%%GDYH]9S*RQE[-YV M\A3AV",P:30(9XG*VN8\10OQ3XHM7-I%&S]_YI(T-5"S&$E[=[`.&4Y[A8K,9.`8U2G* MS4@0WI/(0.(L*Y7V%`TB.W!S9QZ7:@0ZC(K.G%&;XQ\^.:;'-$;/CP3,@",= MWYSR@CUGO'9W[-TJ*'26QT"%()I)]"+3G&:PC=OE55$7A^8RR8?>TY,C-5.. MXX4MP_./%[!JX/J$2J>[?$BLB#8:DTP@Z3,@3CI%K+$2YSA+E8=<9T(_Y`W; M$4;_R/C,$DF["OAU=OU7Y0J;4^>-#H3Q3!*1FJ&5D02,L5IJIX$/G.GU]]+7 M]P5DTI,Y0ZX*GNI43M\K?R=__O[[>VE$KEWWG6>>9EH(QC6J0GH6:?XN:!$6L&(8"X8]-&S(!]TY'2Z;O]V MEWE*3&>Q;NRG=KR_JY[!)2RJBQX1]]ZR!0N:*Z[1F*=,$>-L)&C+H8$7)Q['60VW[Z,ZR)M;4@4%H$I3(($BBMSX M')_I*7X%%REW$.!AQE>/QI@Q,)S'CZH\0&A^0\A2H.=5'!1-NTLUA:64H>O8 M'GB0A*8S4M8R2Y2V--/1R(S?__C\#T"F:3&=)55N-U+;]S? M14V8=9I8I@11@2J297D(5C+T:!YTUNVQ+:1Q,)W)Z_^\=X6?%]#VURH\N0IK M=6TR]A$OM(HJRUPDREM/F$&`5=`X=U-F@C`F>OZ@DS:GZN3;<80IL)QEU^"& MBJ_B]G+8=+E8TQY2>%8V5\'P0QL)/:LHO`TB!$9)Q%%+=,@XB8`#ET7F8@PQ M$_9!STTSL6E"/&=)[?Q\T78Z;@>KIFLFVBU06(L+M_.2&.41.&X-X4HKDO9? MG0V&4OV@]R!G8LMHZ,W!C6]7\+/5-@3;]+N>H9=\8;P2+*)WX='T)(P;'!P& M9UII.6=>:._Y0.:(H_IJ8U-G*C2/PZ3K;=L;=[4=N-=P4#V%R*C+%!4D\JA( M2I\G3%-)HLRES7"`Y73@GLE,AUZ/QJQQ41VPM7Y;I9X[P'MVV@?75\@\8WF& M7HMT%($-@*-*XM1\M9ULJ-!V((G4#T&BN=$]SG2UW6=^MKU!YZ[;^,,J+*@. MFJ>C((XS1W*I/%%:`_$1?6;NN3%#\XWU#\&]V>$][EIYZ#39H$7S4(6%C2;X MR`P.3>>(!YV1#`(C(E,F%TQZGP_,.#(_DD4_&[K'X=XWQ]3NQK-OA8O,H7T* MSA,1K"8QPZ9S*Q71UF=&IG-O>F#&4OYC\4* MJI27G"4,7O]ER ME2X$>[5"?=MIL6U`IS%^4*Y@'HSU/A*@N2<0;4;R0'.2.W14H@C>#DY:.F[N MP-BT&1O&F>R;[2UR:9/ZZDZG#4*RQ0:]T\/V38=PP1W/G;2.!)OGQ"L!A#J6 MTHY-%KPWZ.H.W8'[H<+@DT`Y!X%VO;GO>B`\_[B]<*KU,=^=V]4[6%Y4M:T_ MG2W1&ZV_>LODKDNY[EUYP6.Z90!BRH76)-,B)PP@D``"**4Q(G@#"?AC1=./ M@O414U@^;TS>)X5E1R6%"MII[A2A`3N!<>P.GH(H(M/1FH@6`QMHGL\SXQT[ MA64<3.=,TT0;\?J"DGZ7,A\6+,`JCV.%$IUQ2W(-G.@\O7XI'?"V0C@9[W]- M^Q&FK'OW[)YDS=%@/!)I[G!-90_I0MO@?$C74<<\$$%5LA9T0%R9Y3J*+&<# ML\./:Z_/0)\1L)SGOHZ+S[KWO,QPGTB1@X]<0$:BR@7Q-F<((P-B@&H`Z\'[ M@5LJ,[T*:R:VC`C@W&GA9TVS2>?O7L6>RU.7;.$">*X-)<;$]'X,+D@T,A#O MN'+.*N["P.,$\QRSGVN&F0#(.=>HWZH::;^I_3G:>KW9TRE=[Q%[B'DH4ZU0HT(YKY'3:GG-_7T)*7W$"H<#!7U; M3W2Z1=`B[I(M@$J?\P#$0["$"S3?=-224*:=LE9#X`-GFWEN"CC"8C46D'.0 MIV=PK-W":<.J$'I%M^]5;^&%H\HR1UBF`J[I0I/V76(,@@MI!$B6`\F\#P1"$OQOFB>L#LZ6Z;OU=MNXW!8_S_%Z?AD&MJ!Q\]@VG=0#O78I\.O$*L: M;F;IV<5UBAX:'5?".(QV)H.,67T1M/=6BH"SN@Z$&AQ]DF7Y]?7PR@D[<`ME M'MJ,W=_5@\!XGMW;ZRNEWL`EH*E^^*+K7<6+:#EHP,DZ&`]$-RS<"]4Y^/(Y&M8>'&VN$/CL-[TL5^5RLVS_;=N4 M`V2ZM+E\.J^^C13_!0@H31+22<(YN"$[?27?W^5`R=Y0./`(PS\TW MHW%@,KQFG4>NK^+9'@(^9/_NE4%2\\A!I"`2YR3D6A&AN,M&[C! M,<,;>Q[$$C0FMK.$D%'-5_'Z-40I'ZJLD]HO;8F.9(I%'KPRNENZR*Q3(LAD M(2*0,4A&-,]Q7'K*5`8Z]^%!WX\\4H_>BN%,@=R\EBZ.EBT6O2S=+\4+S530 MD5F2LRB(M(82]"88^J3&QSP(;^Q`^V.>M6<:3HP$U1`[([WLK%WM]G?HSG)% MNZAFP1&9"4&LCH!-#=EVKA0"1!AX<_AW2!;:JY"Q``1`(%XQW5-BN2)(=N&],^'_NKNVWK9R'/R+B-7] M`NQ+.FEG!MAV@FDZBWTZT#4UQK%G'2>#_?=+V6X=IXXOQY9\VI>@:6Q1HBB* MI,B/+O64GT;-)OOOWLM*T[-SJHG]69;_'&OT<+37?5_M.)N`I:!!1V1I M8FA[:V^,5,EEW+$AWA+GEXT*K&H3I5^^1>Q7$R\^V864$]7:@A+:`Z4)5V:< M!:8%B48%(E7/^'O=>KOS;_WIG&FSTU\ZFBZOQ2^S7F##+NMP=N[^WF]WA##. M/0_`@F$0E=:@$G)3HGA39PJV:,_'X,HEOS5$H@:[VCW;K:W;-WCGY9V9P*]\ MH^/.\&31&`X6K6NI).HZFR-P0I3@7F='3X]>U4PW.DXMLR%1\)DBN9P\9)&RW1,.)=URL.&8?FN1+_!]K1YXGJ5Z?42G@_:ON"]PUL9 M+;BD(GA'`R0=T1C/AIKH4^!]03\;.3$7R'"NQ-A&H%5K4VJ'6&U\KD/;.P1! MD(4^H4&5*`?#?01-O0@LQJQ$SW*:9OB>?5?SO64E;RSU1-UR]%B=X"Q9BPX@ MYS(`2U&"R^@44J^8200/X,"UR?DDI07SJE93%7S:37+G;&->1O_@9LOWI>LT M=Z/Q:YW+ST3M8_BBR"RQ"%'[DFJ*ET4R+(!R"FT2%YS-/8ON M&S6-O(B`]>?>,.4*J>]2X?T&[)QC46?TH87T%"PZ3Y"]XJ"8E6C66D2QY",`8DT1)YHP4('3U'CRFDONG= MC1#^+B9;/=DW3-%"H_^LHH7C=4QSZ3-A0!5J=G2?$FY)0<2((O(4B(JT9\). M&QR:"XI6/_8-3+2N,CK2YY6NC2$[HY6VV1I@WC,@A!I(-$74\)%'*I1PIJ>` MM4&5N82`GEEJ_R-+6DHRO(0$"I3[0R-2N!5 M!RQ0AFZ?\R"H<:NT1S30G=@;HSZ.?65[\BLI5,\G/9_>X`PG\UT+F_=F9YM9 M=.9*O55:"'EMA<8;Q;RC;]X(\=.5N*+OZ/5/0XQZ#4[LIM_+_@T#:.?,(&)U M"':221FU):!B@>A#YPVR9;Z\"`OI'1IZCBQ9$H`&DS1J(]@ZT=CGPK`,SI\>I:]5,_#A27V6G>E3Y M7I>:PC*1,JD;-XJ_38ZT9XX8H=/EF8B&#*;4*SH6'7A:6J@L*UPS0T*1\^)4KEP`B;"83/U[A2W]&GNBYG4ZJBT89YX0'*T4"90J, M"M,,+2/--"$L&MKS*?PB-9[?@Q17VI<6DO[OQ8:F>/6$B[I+'Q[O?9J5-I#C MQZ_WU&^/\X>YFY3[;8<@'SE2IYFP-&<&(OD,(>(-*)0DY8?CC$J5\MZ"K*8\ M^68);]S#*!S/D>WC="0+0HF($$IMNXI10D$E`&NRE4K1P/KV9FIS^53=_VE; MSC:Z8V8+R$0W?F90OC`=%_^'JTAQUA-U5WYFWO=/5?O\L?6/67FFM\:N_(B_) MU&;6SR@[\X?;Z>WL$7W+EI2J,Q!/$QZ)T5-:2-W-V%5\_?Z65KL2CV]IKZLO MT(A[A-1!!6VJ7+)^Z>D+293KOIK."7/,,C&$) MAY=B@63=84\>.$)7<&YB*@7U*BC@"=U=;U0&XF54A&B'QO9EG+H=*PCA\;[L M=(H_S]#5R^@XVZ0+]ADSN(0L"S:!\^B=",X' M[0<.53)/Y?)E);.7R'74T.09T<"$8Z7E9X#,D@07I-*!2((\&'*9UF5EJ0?[ MJL8(MIDYM0WQ-=I["QK7[993W03^F.Z6X*<-W4U&>13<9(Z:OKS]+]+TQJ-0U<$XC'X#KA\RC?KL^#1Q M7]1OZ3:UZ#!Q?S]Z>!@M&RC_:^HFBYX3`YC"&8L=7M!,KU#-G"B+U..I+!4L_1 MH$-G,ND@@6G--?.EL?T@@<7J;N:T'OM:BL@R-)EV:IB]W^EL3"$)-/RU818" MEX6'2H(QRC&N0J;N]'YP/XJ(G(-]E](BSYS[`[NW'#%*1S-G(5E4V0173U.I MY1""EV8E'ADN#9?#1*9K<#6UX6>3$,OVV6X['KMB+H>/TH7@D\_)0LHZ@;*. M`K%:@V?6:"]%B'T;!#4H,6@D5W7Y634J<[`GLC^V\<]_E#]Y9#/^\G]02P,$ M%`````@`CH0'1]"##;7R00``PA$#`!0`'`!W`L``00E#@``!#D!``#<75MSV[B2?M^J_0_>G&>/ M<2-`3$WV%*XSKG(N:R=S3NT+BY'HF!5)])!2[-E?OX!NMF-)I""2EO,P$UD" MP,;W-8!NH-'\[9_WX]')]ZRL\F+R]@W\!;PYR2:#8IA/OKY]\_GJ5%RI\_,W M__SO__R/W_[K]/3?\O+B1!>#V3B;3$]4F:73;'ARET]O3OXUS*IO)]=E,3[Y M5U%^R[^GIZ?+6B>+3Z-\\NU+6F4G]U7^:S6XR<;I13%(I_,GWTRGM[^>G=W= MW?UR_Z4<_5*47\\0`/AL76MK"?_7Z:K8J?_J%*)3#'^YKX9O3ES_)E6#]I+']=%?=TG3=_A>5G(.3^;_[HN6N6;"KI&X=F_WUUF?=R:RS:9J/JA9$_Z&EWGKPR?_;1@>>-M2* M_*J85,4H'_JA+-.1U[^KFRR;UHE;6Z];Z3ZFI0/J)IOF@W04*NK&1EJ7^VKJ M_N]GS`_7ZB:=?,VJ\XGY:Y9/_]Y#[OI&NI.[?'DFU+T)C=+15:DF?JK,RQS2?I9)"GHP=W MNU:NNHH=R]<4OH;U6Y'V75I^<\TZO;W*!DLOLD;`754ZDZD9=@UJ=B9AHSFC MOF(K\EUFZL.7GZT:P;"W?MC2-M&AK^5:DN69?JNROF7N"^=Y\EJJIU8ED[XMIK2;MK-.25.-Q6O[M+)7\ZR2_S@?.A%^> MO#BO\V,QR@?U<^A^C?0H=U/V`]KJL1>MLM`)&Y\GZ;@HI_G_9<.++*W163TV%VG2-:ZLIU;"8Q:.S^VDV&6;#GAZ^<1[L689-$UB+ M(C0,%NGCB3MB/CIZ?-/0C?7CYP]WCQ\5@TV#:SZPKM/JRWQTS:K3KVEZZT89 M)&?9:%JMOO%+&3D%G[-Q]7),P2K]DH[=OW&.3[843$DO" M!&?00"48-@I*`@BR,6"6"`6>=FKD0_R*<@5I][V::W*3'LT+)M`R'F&-"(AI M%`LB+(N6O3'5`140Y.BG*8E6_?P%6MY;RYUS+O8RC;(Z%HL?=.6/?% M?"+_=3`JJFSX]LW432T/7Q:3J=-B,YH_PLWA"V>W/_(7P\J'YK@1Z:>[^[R1 M=F^JEQAA4:QA[!`FE$H<(;7&.!:*]*0:.U;*':JR)[_;U*0%8.9:T[$"_""F M?F*E;2!^8_F$&R@4XTI`HC$A-C)JA99%'+-DHZ7:&?%;+>0=M!_&5]$=2C^/ M%O3/_I-^'#?Y_9/N/?)B/?%[-A#^K&Q"8V`Y4!ABAQ)2V@HAU^AP MS?LB>Y/C]ISI`SDIVD6C#W;%<#A'-QU]3//A^42EM_DT'=4RO;->0J*(`DH) M)`9H$B&@A5WU$U.%@EA'KX/U-I'I10,&@]EX-O*.E,ZK:9E_F+VS1EERPR+AA@=?VLR$D M;/[OS)MH<5NQ6Z#Z4)KG\KH^C6;#>>A`.:=DNC"!_,;:IV+SF-BYU]C&`Q*) M'3=`4*1HQAR]Q06/0V!EQ#&*0@G3F]?2E(R[#U MMJB=5]7,>?"STD^&69D7RTLGRE]&F2=^^7`][UO=XM6XH81%2''"%46QI<8B MH*,U$BK68;Y19WYPKXM45R"^H#K]F8YF60O:M+F=1%K#A24D0LPR8810DJUP MD)J&&=6=.=HOK$RM8/CB4Y/.O^?#;#*\S/+YA3GOI#R^NKCO#+6MO<0"P8VC MP!H3N3'F+#Z-5K@8&V@*=>;5'\5$U1*6NW7L622N^V*GRF^3ZGWFHZX>ATP_ MTIW#&W5K/C<*2T(E1PA**]CJO"0&",5AYX?LM2I0[X"^^$SU/KN;_Q1L/*T; M2*B-(D8Y!I&`L4(Q\V>QRYYK]W>0*L6O594Z!>^EC:4#M.9I_00#B:$R,8?" M**LC2U>;[S&(3'TPYD:EX3^ITAR$76\Z-Y&<*QD3!HDT**8` M.*=A/3:`"8R+^CGVF5L$[L7MEX<$'?ZP,)M4\RO)OY=%%6S1[&@RT;'&5$GC M_`0>*Z`4(/%Z&%D59N/`5[_WW!.>+VWVM*IL=2TF"FC"I`]D),)@Q16S:W^4 M(Q(8Q_OJM['[@;,/57N73XIR?M2WV(9?(6<=MD\"UK:=]_VQP':'[K7UB`1* M"(&VEL((:R@%`4"OT:/2ABGCJ]\2?R%\^]#.;4%P/I'AH\R:_S-+1_GUWSZS M9N53;&:5S*X+G^/P?H=>'MYXPI&D$AL#*0/":D,L6QLJF-JPK4_XZO?5>T>V MERC8[VD^\I$/#IVK]'&ZHL6%U'._`_=YXH`=^5P'?E"YGOWN>/'=GN_.[=;' M=A[@[Q\(&4LMJ8\AI#$URJR/*2`+.WB&KWX__D70[27NMBRN\^G%;OOOH5"" M(@*(U@03(8B)>&S61PR0(A)X6??5;KWK9O9,+\-M?!-#UU?N] ML_>W*-#S-/TM-[X[8VI/:06\(.<39[+-FN86V%(C09Q@)9G%,;(<&RAHQ".` MG&$7::9H[2K01__JL@QL*)W(&,*08.HK1H'90^[)0?Q:R]6;ZY0H*-B(R,%(@$%D`"Y0RP5<]B2>CQ M)A@XC*@:U@]"YV?BOW_>:U(+'`/M_=-]F7TO1M]]MK\R&^93FP[RD3/5:R^0 M[:R7,,TE55CZI10IKCDW=M5/H4U?RW]#W^50LHKNH`D('?OD>N*3-6ZE\'FA M!,B81-8YS5#'(-*`L8BLA&(B"G,V.SNJ:HFO@W$((,>Y@ZE/T7KI?+5YAM^= M+&TIG0@FC#0"4H8PQPP@B58]91'383OLG9WVM$A7.X`$\&;<8N`?W&AP;2Z< M**=;4,2:&&4Q%28B3*V$M"S20:QU=BS2(FNMX-''8OC4W*]Q(/#98<+N:/AA!*&Q<[C^-OIB+RF1Y5+9F;"R=4Q\@@*KF)!<1,"0S60@)IPACLS)MIE<%6$`F@[2+_4I0? M1[/JPR3[6#@DKK+OV<3Z=Z`Y4\0;%L6GNV+^B__R?[.R6/[P>5+Y(]YLZ#?@ M/UPO?&8]R]PCV$+ZG2K0_8,39DRLK3(P7:B10V;.>JL\BN5GDZ&(T^+.T_TS+W/J7? ML:EQJ'\LF@AC.(:((FAT#*7$")BUX@D>MH[O/_&^F#M]("!]TUOK0CTOG!`M ME&8$0,4Y-<8P**)ECV(WU_#C=:##R=G!\D&H_`Q\'YVS_)(TO\CA[["8S`/. MOZ23;Q^NKS-GN'F1+\[EA\O:4\%&]1,!J838+W1$VRB"(#9TU6]F1&#H:U=K M]B'$/3\5;AV>7@Z)?>1MS>J]+I,0(%T')#):.HN>22[%:E]?(XC#QOC^IO.+ M+=NA2/3&9/WA_D.I!#/!8DRQ`%@Y34<`K'5="P:.^$4A`3QL8O(@'%XGIT>W M"O=+9?\4OG-PCF?C6A*?E$NXC00E($(XE@*;2"&SQL):%ICBH*MU-(B!YW?H M@OO?"X_I?3,>'Y=+"+(6,`D%1U0;0*S6JRTPC3$,VV#L;+^Z%1X/Z'__YX,V M'62UF4:W54FPC+4`5A-FL614"X/1>L:23![7*.TV*#X8EOY)7]VZ]=;Y_&K- M<+FSG7YM?AEB5R,)E`P2!30GTE@!E,7X8?HB],C>S-.M8K0(5"^9'Q9G&X]O M.VW*YO!0*C'$WY)5,1`L7BINC'LG#^H+](NN5PH:Y:8JC64,86$\L!8_'3Q0Z''37T="043F$'T`1P MJM*R]#?0YZD[]J:V86V'C24D9APYG22< MMBP?G2^O0^T7YJ4LRK*X\X'XZ:W[Y>$=U)MV+O=H)A%&(4%B0B*':"QB`M0J M"-8H*X[L!3EM3^8=0A44>?)<&G-_F_IKP'OH06A3"=!21+%_%YRQ<83X^C?[95KEU=5MF:7##Y/'6_]PQ^31M(G$,B&4M2SF MSMVAE#%,5N?S)J8B[&4!G>6][=;D;PVFOE>9AJM((K5_69RB5#%E8V@U)NNI M#T>!EZHZRU?;Y2JQ)Q0O939<9AXI-UL=:CAL;RA!C%@E&*3:02?X0X7S22R@*M)55$.!U=;C(("ZSI*\0@*/](8TX: MY!_9#X?T9\X_P@2T!$:4`,!\NF)C5K&1/G%=U%?HT<%A"8TI;9)_9#]0>@I! M:B7_!)``40&@B)&,%8V597K5,Q@9>+QQ"X<1U2P111@Z/Q/_1Q?C<`RT'[P; M8_/[14!;@^0&&XHF6`H((Z@Y!Y#'5@OG)RS7/D`C=627[PY%N6@5C1"Z6DE' MP3!7BL0:(&$1L5`AO'0&9.3^/K*#S#9):P60/F;5)^>K=^EM;83*Y@J)T=SY M?5@1:+&"<81AA%<]PQ$,V\#J._/(OE2WBDG`*`W)Z$,@)UHP:XV;-F)`8[8* M7O5>!0W;ENX[V4C(F#P(A_[WF_=/,N*<0.<;FMC&@B$I*,>KJV(RXI3W-=N^ MF!]S,"3]DWQ8@@F(`>-:$B(DMX`8'Y6^ZAVE)#I>3^80JIIFF@A#YV?3@:/S M9HZ!^L//EOVM''_]?77)W5]P?W3)W=M\BSOM\>XD!?NVDRC#K;0L4@SH""/! M-2(/%F3HRZ/Z.24(8:CH#ZP`/9@_W8MB\J\W4UO,RJ4LCU,C?'(-9(]2(TR+ MU2_O\TFVL0-LI]9T_-0D,E0A!#$E0EO."#-FY5U&WN`Z+K>M51T[+FA#7`(O MVT-&CJO\_D=9$-CM+C1N('$#R[^H6#`<:^P_,0[6_@U21QVZ>J">=(;2093/ ME7:C_O&&G->VX._6$.9?GH*=\Q0QA0%:=\=0$;81UW_^D\-(;QNFD!TZ/S=Y M6=S<\V@N>M`_LGO+KF'U1&%GDQ&*8J4HQ3)F$*\V,2AF.,RK[#^/2@C?'6%T M"-G.])GKWC-1<#.VZ^K[5\]3SH",(8),&\,P7FV+4,"CL.VAGB)8VZ*[99`. MXGMN:CR8(4M9KK+;Z5P4KX2P(?7-FTJDB+'@SDQA')E8$4WM:O:B0O_X)OGC MBEUM30LZPZMKA4#M*<2RJ019(7VL5:0Q8QIBQG&\UGAHPU;]GN)3^U2(,+P. M40CO-6VR&\;I4,I]_^% MFGQU]1-E8\TQ];&X&`.`+(>K?1-JL0E+2-]7+&J;C+>(4@#A'\M\/`]\O\BJ M;9M>3?:+]F['>2]:O(Y`.87ONA&Q<="!M M1GA]"PE3VDAHC(CX@40C%$-&@!:&1`8(2/4J#HE"%)KGZ97LXG4%TR'GB*L#!#_Y/%IGGIXL M/-J#>I)%NWB21;OAB6/[3_3W$PR!(B)2X_]G[]J6V\:5[2_A?GG$=7:J,K%K M)G/.(XMCR8GJV%*V)&=/_GX#E"G+LBQ2(`E2KE,UE9HHO*!7-]&-1F.U,]HK MR=C^$Y$PL;/?=>0*IX-K'V:8L,-U?H>AQS<4FD/#!2'$LE@8)*BEJCX&$Z!) M9#>[CASE>#CF*(RYC$X46`D1QA)I:Y0S%`H-Z_$CE)B3&H$%/+7>+16);)J\ MB'K2JY@Q@YQAZQ&5E*E]6,U]$&.ZQ6P)>CC#09F&PW7J='+%:7E5F5^%:72B M6@FG'91648$IEB$4L;4<'+#$;-!0_C9)`V?I1"^3/XL>D^A$:7#V&!`6!-&. M@H`)WI\?5ABEI76ST(DFZ[&#_#GTV*4)"G)8&8ND\C0$#2&"8"_24*[25ELC ML*FGAC\=`HETMD=5JPD>5TY73W!TC#96/H._) MQ4MCJCF_>O<[0XU^]^C*`@,!($8*0X.004X&4&I9"-!IC$\Y&YNT5L:J3R!R M*#5/9YL@H%42>(\Q$=1*C6HF\_!=.)B6R?%RMMY$) MW2XV=Q=-$2?N+:R32!KH%0:2HC`K2KB/L3!W:6:1G66^'[/HCD_"/OB1UWK\ M\11F=WN_&^PCG&PUJ8,"Z]YN&]0M>5))Q#E!;_9R>&OU2U0V!SH-9A MN5Q_+[=/ZT5L;M"&U[4>4K>W5QG1(5^Q7OPLMXN?\XU:SOXUGWU;++^IN_## MXK!)1N[WCLN86P]M;^9GY_`W5Q>(>D]L6.Q8CSTE$!+FPI)5(JX`]*)Q5V5H MN9I9WOB=+O*74V7&?1%+ M__H2I[*F#:;3-Q1>,V:-<2PLT02@#BI$]G`HD;:`&9P=-U&E[YI&!TCRQ*7U M0%NR";V]O""`"`DUL@!3Z8T7L:[Y62H*D9GN9E-7-;VK]<[H?!3=3V[C:0HJ MSZ_J5@2=!P243!D?NV921CV$W&*@]_,>EG)R9%%=E'#<6#`5A1QZU.5#N;R; M__E]/M]^CJA'A,][Y_=N*1Q7W`GI<%@Q460]"7.L)Q$(`A+`4M80:N@F7RW976@LKZ(321[2'R7GP*9E!Y\2A MNJLRE/7V9[FGY/K+6$N?:V;DX'=1]CV=`F/*F>%]VTC>_!1`_KS:;/^9WJV_+6"CQ:7FS M_3Y?F]7CC_7\>YQ^XPWQ*W/W]_.XW3J_C345J^67^?E*E?Y?5Y@0Y%DIM5#` M&ZRT,]+NXSWLTO:1!JR''&*#<30X\QII+=O-\B"EV]+BWKFWJ,K#A5#>0$0$ M9%QP]2PO9-2FI;('K*,L[G8]198SM]PNMK\^+>]7 MZ\I[U96,6SZ@`\VSQ\!0U_F=DL:G4[/ZY M>W@*+_?ALXBSV=.V4L'-?3W\>NB?6U3<]/6*(C9>4,8)1(GD6B(76\Y4'XD4 M&MK&LW4#[>CMR\TZ"MI4Y=/OBPH$'22$>4(H\R$X]X#8&DVB32+54[]%0OE- MYW@/KN_]K2(:^>T_A':=",^R-X5J+$!`16(/B MF)AD\^ZQ[.+8/'L"-4=P>3C$Q@39VXL+BA"U#E/LB7$8<&SJ&@`IJ/`3SICV MH*750/!\!,5/+ATZ"7WGU_,?(=Y=+^ZV\UDUSF::J5/7%P[0()7C**R)*8T; MQI#6U4#W#D4'-'AZ=_G7Y`0_@PX%L+*PDB%NK8T)M8 M92$!OL888Y0KKW6-`Z;>JV6VZM2`>84BBD`R8X":<4GB_0E'"3S>\ MF80-M+++SG!_=".;7"CU(6VKS=Q]3+1P/EU&A[1C>D05!-B&V^/#W.UU$5ZN_-=EW>G7)I)Z\KL-5&(*P` MT\Q0IP5'/EJ:^,^^0Z,@-?R*4!P\R,./8"R"5<$ ML,)/ST4U:KM=+_X.D/W],/^Z^K):QOVQH),PM&]U^5AC46[?+RR,U)0C@;C' M!@C!H47[6!6$WZ<1,76TBI/%NR-#.0TC/2?8KL:EDTDV/[[`C,D0!#@($&)$ M,:$9V:]SH773B*AR&V#OP*6052TVNT'$`=V6B]G-\J_ESV#I\]G!;D"<[D^E MQB]\0L$)-L[1@*8E$'A$G$)[<9!+VT?K/2#JQPZ&Q28EK)EO7VSROH5-;E>W M863+[2XBB$5XU5KPZ)H+S27S*`JB84`T-JD"BGD"/9&JAE5REF9RO8=D_9G< MM/'-[Q`KWK\*@?GL!8"`TLW]U_*?UH[O_&,*2@BTG&C/`<#`*,7WN3P)-4D[ M%-$[Z>*0#JY7@*9F)KV&]=U?54A&@28:2:.$=/)"!Z<[^SQING[69;+J,51T+WNS-N M[*+G%`999PPBW@3I+8H-V>NLG>23Z9S468NK?!CEV>%]4S3S_@S2?%.!G$:, MAT"/6XBX0HK9/8Y4V(ETKNS;"GH#)%,$O*[JULN'`Q=WY,Q>M@=ORU_569#+(B9-)X0H<1^#6I5(N_F(`GQ#(ZI)Y1R6,R; M*L_H0M5R]BQ""S_5\@E%^#J,`)!311&@T%J"ZT6#-(ZGG9$=K.?'Z#4DP\`Z MGDFE&E(M)S7*8ZVE=MR[V'HQK/+VGXX5$V/KZ5U[K:PC#:MI[.T'22HA7E%& M)&WCOWI2@3'TEAM&H'#40TLG>$#F&NSF8KU>O(/?!;,\*Z@3"R$I;8=R3S?#%+PZYQSN&S"NNEH!+3>$0!:0X)I.3%:[ML M76O2K"=9NRFQ3@?4^MHS9:@&,43CWSZLIA^T#G0?-]X M%@21A&MA=.E6JX^E.G7 M(%53_]9N3RYX6&K"$/X%_7!)I>`*V5IICO)8RK./C#) MH>V>29J-T-8!Z+AE\3B1T`35\EG"OWPBX??I!@L]:*F9@3<-GH^@^,FY_DGH>P0][XI`6[$MO[FVX$9@B(// MBAP'P(J*UN=9'L+PQ*I,NBCD6+<=HOJ4<$]H)%PV.IR5DZ&)`!:>\JP)8`@0)2KAP0T2]MY&FP? MH0<%=84@:]R\2[;'DMG5,M;.MXV=3]U7(*:0E@C$_[0`D"$29QB+`=8RK!@R MJ7HZ\7,/*&79-'P]S,9HZN3U!8&6@+*[^R>U=??;]>K;^OR\:R'/KZLX$13+#BQ1#A'G,+(B-W` M:(@2]=2*^+N!N^H-B,SKG^>3<$_;[ZMU;,7:;B5T?%N[MP!%//7%@= M""^]T0(R\Q*:XK3=U"S+IUYMH2=\\B^:+Y@2SM]8!`1];!`0>W91'H34;I\> MT!BD,6AF6:=UMX1>HH)HE(CATV;S=%FTL+NC"&M>Y01WQ&A",!8,P9BX<((8(P%+JUP?C!QG MX$@A"9,LR9PXO-OUXNYL!=_^HB)&R9P[#R'`F'`98F-824`A=#B1$F"P`]\] ME^ZEPI!G5E_=S>>SJ@X]6ENYO)O?W!\8XMD)O>'>0BGOD-.2"FQI^$,`A7;R M$BLQ2YO+>V?3&VHN[Q>=/#G:,*[=I&.?UI%%?KY>K&:'DY%?K6.IQMF$;=N' M%#HX,$J!DHXHC35UVI'=TA=2BGB:??1.?#?0M#`43*--&^L_RYC4?EVKWW;> M>'5SH9BB2$.B"6+$(D"DYSN)$7+!$289AKP.P^@=GBP&L>-$JE&HQVU6F[/L M5>=N*X"W'E.A)11(,!D"7?R<74-AWK2)AQC!E5A!?\@D)'6?#\0%<(P+A<.?$&J&ZTUD)41J9K^ MW*C>47>;6PN&P\)%&6$%XQ@IZ&0T9*^I]5`8GJCFB>?^!D(GQZS^7-_]>5'^ MO7AXWO\HE[\^?S;'M=^;[XL?GV]_+Y?EMQ#*U/7AO\W#/Y4/S]?<_.?YPA;L M\@._N1`,6XNE4(@[3:7A8?7U\BGY1$N\DMSCM,!-F*?,:ODSO#.@_T<\+!WC MY`A0>;"Z^KK:%<2\,UU=\(0B=L,R`DNK:)`'6,I8?8!!28T2^3$GGI(<%J0< MDU=5#G5S?V#)M8$V]O1MNK7P(0`WA#O'*#?`8:I]G8$-L;E,W+R^DC1ES^CD ML(77,];&E#\6V_)!W=W%\>[D:46%>M%S"DT81YY`0Y@+7P=RAI`:!T=(6ILF M>"5ISR&A2G`91_2L59KEP',]\VXLOQU8]3NN(^%)A<:60XP$!QAK#HCV58W' M3CSA$^L?)IX)S0-6[K.?NQ.0K\.D-RWQ;N?K=X*/KH\L$/%$AW6^#4Y5`JPU M?T%'2ANT;G@-SZ)V6J7%0Q1Q"4P3DF)H-8`6EZ+3HS*U6@G M];!:+L4?[X2F0YAEY_MY>(V'EUY?6!C*)<,0<"$(T%1(YU0M"?083_?L6II" MWM%J)S2N6;_Y]=IP*FT,M79.ZWU:SA8_%[.G\N$Y4*SBQI=-U;-GTMK=7`@N M-`48QN9BU&&B&=UC`9A,3.,.M?Y)U04&'-C_8?%T,83->']Z"E M9F:?-'@^@N(GY]PGH>\Q,J-=F)P@(Y9C[)&52@@!A)=[>4Q8.T_+\7=12".3 MTV50))<>WMR'V&/^(R;UEMOC'./)BL.3=Q0&0:6$]99R[A`6$!A6#=9H:N>[OX7_F82J8 MC?H]O!Y"(2@+"G`:>,Z!DPHRMO-74FCG;=" MA4C%<8&`\MIC)[FHJ)7'[_5U!44?UBMJ#):,"N.NNBC MM:D,5O1Q&=`?JNC#*0.E4M()!`U1&OIX5K\2'5M(TJAOKJ;HH[7BSQ5]7`;A ME(L",)%0FQ!,>Z8%DY;^E[UK6VXC1[)_M(O[Y1'7[HGH;CDLSDP`2B42FT;:21%!JQGM@E$=( M+QKE@^5>;WSGZL[Q6E_B``1&/PQWDO"48K MB:R'CD`@.:228E8)A1D?=Q#(R8R4/>'3QQC>KD)?CU8'_>:YH.)*);#G3#N. M'+16>%?)03W(._.[FJ"/W.7Z$@Q'X3@ZB,N+9(O[DU>%+CX7/*>08FAX',61 M&N),*K12S;7J?P MC\U-M\GB_N4_-K\Z7HTIXTT!1I"=LQ``:2!-^2]Q+1Z/=NBX[*MA&2[[A+J7 M[5:Q?"B73RG!W5:`XX79]K<(S&(/HUA8>$:<0I206C;&8=X&;+B`D#[4J%U( M;W>)TW&3SL8_(B'*Z3T]%Y-_JE MLG\*?XUP/CT?KD.Y][F@N+<0\;C)L4#YN"/6T%1R.&9[;Q`_CYX3%O)V>+QB*'T MZJG@B!9:4HR,(X(KXRVKYR4L75[2A/-W95=F*N4CV*,6'#V!^.:Y0`$&5@D. M71P4D$C@D*I7J"C;>`VF+#;V,WH1%M?+[>@,I_XIO=@[DAQXD\7]*Z?N9M+9 M]:+1'7)*TX"T5E1`2S7S5O*X;@E7PP!T7_G23EQM,\$O.P4ED]6S>-S32:^3 M5<>Q<$Y[!1"+BTOM3J$J;]O2F9W4#G,7PY#!U2M5.86M0X\'8@SP#DONF!.I M.+05HNJH5R3OCG-G1QF7\]42$'F,I2BWR6.TY7:V=75'_G59OK\O(H3)%WI7 MJL?'9?$X6>].S`Y3>]E[@]*4$P*E509CZCR#W+THJ\M,^CV8M[G]*PM#P'Q! MU@/W]&E>?BV*[06QXGZRV,A_Z'RBN56@D!@EO=7,;8I",FGJ;GLC,C,TOS'M M:!?$7@)8YQNJ=F>P/R#FOJ1_-EV4.NT%P<%4<0-YQ[@5ABA`,:^M%F'S-MUC MSD20>Q^J$SQ'$4MX"+/?RMU-UA]NNNY&SR41A=D?#2`:;0@!P:()P*"@S-C: M$H@_7]OA?8G8AX:^?_CZ\LCQ6]GK;_,<;`LN[^R%`^MNCST( M/(H>]R%$*"V3SWR:*(I0PT&\J`Y#%/,W$QBCJO2#0*V8KT;U#HB<= M&RBHZ63BFS(`G0?AF#/$4`D(Y$1XX:56GF&V*ZN11J)E:+QQ37F$-*>*R4/C MFOD=76S3$+1>[!L>(@,0T-QSXR57E'K')(=:54))Y$=64R"7D?P,0.?A,VIO MTM[LK3\MRU4G%OWAKP5*K`&.&8MHI$U9((BL,'6,]&4Z]+>WSC94!P?_^A1Z MD"S7F8F1`5$T1<3'B403@`B(?U[F+_CV"GV,8R"T34SN,?`%`AVM=-#^1X+C MQ!-+'/$&"D68<+Z>.;#1>2[1,4?4G*NM@V/>VVS==%JM#YQ6[Q6P'G)'#[8Z M^&10"$=H-3/4&@:=M7']VZ'K+,HLA3;FB)N+YM_A&1C(G?^":OU4>N`O;_YQ MA?.`,@J%235UG4Y5&.6NFBX3(#+\ES?_!%^CP"9N/YG"0AOH5/P95AARA_M* MO]RU-_]D5>G.FW\6T&_*FX\D9`Y)):@V'#MEF5&5Z#X:'V__/,@ M'+.W-QW]<\T]`,H`$R'`&%>2:&7V;A\8U\SMN;WY/M%ZE-Y\X MZJ-5;PSCG*&XE%I$*Z&4'EO6EUQ&\KWYY^%S#<[/F^?U:CU9W,\6C^_+^=R7 MRP-7[KK]8(",.4.Y4SK^@9(;15B%+&/V[?GTL\W5,>!_99J]O>78CU)OOQ40 MM]X0:%5DU6#C.,$UG@BCD66"&%JINM/Q+#H&<,C7.89?]3WG*&JPO@1"F<"` M62@EQ#*:5`#6FR#,,VL!C>\PJEV-OQ:ZKF'"'SXP04A!I7%`IB*[`%#(J*TP M-8*I-W+"-@_%+/U?[\C@1EO/'*`Z;2 MW19$"!2D`E.;ZCOG:M2S_;>))]7GR6R>XBXSDW(SZ%HS:H7%WVP?"KN M)E_Z^<:0P:=U-TRY2%ELBL7TZREQI8WM@L2&`"&!)%Q3+0B45#O()>(2`*N. M.F'[D_58".C!-H$`)Q5BR#H$*$4R_A-4,E*F^[I/VQC2V1)+93>8C#;ZLA90 M/:\_ELO9^NN1.,S]#8*E`F#)D`8N[@Y]-!X0J0&FO5VY/BLBLP5R#ZG+)>#T M85/]V-&C47F'F@0&$3,X#B@F#372(>5<)9VQ$(PW_O)2NHZR?Q%";TT/1A>G M.1;ZBP___=J_6F9*(>;?R6JX2NJT^_"W?_L873W/X$X)&-7HBFN MA:;US_[\IH"Q?+ MIVBBW*[C[WZ=+!]GT=K_09>A#_:EWR_+S+"U7C:F@CS4)0G)$.3<($J6N; M`TH(HBG3MH+;]U?\,_/^;`M4?U]2O1V@^MBQ[^OJT3W[X49!8^NT8=8:%3=) M.EU1I)6$!$DX7N_-Y:2=H`47H?06]6%T7IPQJ4'_]/_S8SF??TT72.]?>GOP MCNX)K8)SWE'%C1,$*>L1)5C5,F(ZLA2;;9!5=@5.QK[P?1'!F,1MR_9H>W%O M4G+^91H)U2&V*9^>RL7V*/O`5O',MP0K@:..,$R]=@IC#6EM?EEM^\JG<0'G M^:9D]WCU,0]4W=R'3<-$T-0L6*X9]EIC"F&<3#E3PE12JEP?8F=^HVXV&"T" MU*%?X=?)\O>XFX\F\&TQ?5[.7K/>ND=AW\<&32I6;PQ>!_;<3E[W[Q3?PEGO M"8YHBZ'$3$$L(8:P\BD):+`&1QUNPV%QNL?AR#N"\CQ:5MCAN)JF'9YO(M]7-T\V.+#.JZ9VZ0F+_(><4Z< M^(9`K),$.BP\X9P91+V@%6".]V:/9OHJ6E.'L@_T^K!43NCYT?WKR>\(1"@+ M/*#:80>`UDYB6AM)3B>E:FF/?%]&D[GPYH*+O`J8\9X?!ZJY[* MN&O[=[H[L&JZ^W'B&T*T#1&WA!H")#.:(<7M3G8K.1F9SZ0?,[@;[`;6F^GT M^>EY'O5_F^7C[XME'!%)E)\B\+IX*)?%_G"=UMX=A(&0&X>`C*Q0`1&JQYGU MU(S,$S.XKG6"ZEBU\)?X4U=:^,V[`X`$)_;ABC,:K MA9>@.JP69JE7$*EJ@S'8,B4=\!882BH)-21Y@>'=I>(96&_.A*L/A7BW+*=% M<;_R$:S4V29H&E3DG-<$@JTU1`#G+?4:"H55/3D38%F6TG27_:87I>D0P&'G ME@U=YS1S.3AW669&7CNN1C` M(=3H^[WNGM7V#&TZX6W!$^$190)("B"`"E-6`6^Q]V/+WC*(4K6/8\_GIQU? MO']QJ_3P"=N;,'D'P4=<>DVGMP>>#-1B8#='\D`@);T76FUC_AECXGB&I3.[ M>.A0=<]3`2+F25R">>Q8LO?CVLQW7:-Q7LU+[-?2L>G%<.[U'.;(W<'1YUX. M=_$<7]4TSEBK#:PKM;BWL]6GD&CK".C2^(\C.2#M? M*2["\$VHQVA.%:]/*R[6!COY7"P^E2Q:#Q0W/]PB#8M\U9*`0RC M4#O"?#1R54HIRZWW([F)W2'X9+.]-N8Q; MDD9:3VP=+*"&>$XM\9![J2%2M!)#.3.20XY^B.X&LPSJ[SX6MQ_+3ZO)^I^Q M2[/)T^IN.9DVC^/&-D$#YZ$E0F""HAV+I'2BZK+S;"1G$OW0W"92&>1^\]%W M\\F_)XV\'GH\8)7$]51J0#7"@">!=QV%#.2-W-9/#/JAM"60,MCTT0I/&386 MTX]WY9^+PA0I`8&Z_]TF#?R>_H+@N&<<"B05U)B$`T&S]R+,"*O MZEGKSOU^&.\,MM9T((/U78>5D)Q*#PF/*PR60'JB:],"TSP3NG5_^Y`\9P&5 MMQ!'$>-.<7(?#8)7?3FV%#>U"L8S08R25*MH_&M"':D5$@B=5\BJ]?S@O2W& M+6*5:6NMERECTOKGY^)#M/)N)K\?OE)\K$E0U"//O$;1AC#:IR`77]L/`N59 M6O)JR6T+J`QF?RZ6LW6TYT\TM`X]'IA0``H--,1<<@B%I;+J*#>I[X?BUO'J)69KF_Y^=5=N@%D6/QXX[PO1.MPJP*C#C$3$A*:* M2>(1KE<>[VUO^5V/JT0;!YCM(])+&H!B_3[V-AW5J64Q:6#ZNR>#,+'KE$`& M'58>,Z5?IBMG\4CJZ;;-[F4H7'"^]*Y8IGU97#ANIM/G3[.#61\/-PC"::U2 MP@F-M!6&QD6F[BPS)"\,J1-795L1!:V!T4N<6E2HFX=?XGK1%'Y6/Q2$5,8J M@H1#F,!H!3I4>U$!S:P-TXE+LLT1F`U`2X>[[YZ7TX^35=QTS::'`GB.M@L" M:,4-$U2DJ@$8$X!JMQIB8B2U.KL8BFUATL>(3)<>J/H0C&N8>6[4B4NR MS6'<)B;]K-8/Q7*YO8=RL]A./)75T;AB'VX6I,`<"&`!5AA(DFP25$F)F,\; M]-VX+MM=MEO#I!?F-_HYF?^T+)\__5:NX\_33:&`Y^+^)G9ZDZ5Q6T.@3F>? MGIF7JU345WV(!LIDVFC6M?.%0)%4DA'!*&?.`&B`JV=,J6C>+<5N_*2MZM,@ M\/6N>E&"^7,J7KI7OO?%YV*QM\QR_LNB.:4@UD@0H;12P'JLJQ/<%&"7MS1U MEE6D=SUHTL,N`!Z9RJ7D*:N;AY_*\GYU6\Z;'$L7O#5(I@G!#G!'+5".*^TJ M1PPGFN3-:IVE&[DB);P0Z9%IHRT^+8OIK,J9O$OQL_FQ'<5L^$"T5X6/1*6+ MHM00"0V5U=+%G2-YUR8Z2T9R13K:'N@C4]=-):1BM79?4NGPEM;M[UX:!"3$ M*H,4\B8N,,Y;2VJ"I,J[)]!9KI,K4LO+@.Y)%7_L]MWDBWMX**;KFX@W#WO;-6MG>]\)'$`/-'>I/K]3G$Z`TQ$":WSAU7QQW/\FOL\=#7-[_KRRRG%+@XT M"4I"R)P2PF-)=-R9*F,<5"IN1BT&^NB^JA<)CY:PV/-XP-I`K*SS`'@!+#>, M@9UD'''9EVNMN5K%Q;1\7YCBXAZMKS9=&7M-I;B]+!_O]`Z4E5MX@0;V^TM48(8OS?"`\S,XV''@$03Y8C6 M'`D&?%\Q,)(JNJI&+-.0F=B1Y3:@)LK*RMMR@SI7&B&!E0A**2HH9_TCJ4(7 M*]2\S$9:T-]^-TU/W=]:X+[]G"\7'MX?D#E MM0]+I<2"^_B13T&:`:3RGF_;E-D[?#:A,V.NB M4,A$$6SS7%(;6\D89\-#&+^2JZM%.$V':8XC@8^Q39AX0$#LS(@JA,,PNCK^<)J8KCUN<#BU`_*E__W_U5XGWD*A;+,<09$N%)! M?*<1K02R6&JUP=(1^X:8!&M)8A;F M3,R//^.;#IIUER@'\P%1EJ"<<,B(4*Q?"A50<&D-OK*EI4U.\S@X%JY5UJH4 M#)F3(9;5L1;0\=Y8#0I$6EY,/NVHJ;B;%)6<%V4+O;FLR`[&X[X^23/>[>HN M3!UE/INNZ\\C[MKZ+6UU>0MR,W*U(<-J&M^_Q9]^U-TN?/D'4$L#!!0````( M`(Z$!T>%8C?R3+T``/R_"0`4`!P`=W-R+3(P,34P-C,P7VQA8BYX;6Q55`D` M`\P6Q57,%L55=7@+``$$)0X```0Y`0``[%W;;N.XEGT?8/Z!4^=AS@"5CFZD MQ$;W.=#U=`&I"RJI[@8:`\.QF433CI66Y%0R7S^D+K;CQ#8ID1(33#]4IUR. M]MIK4VN3F[>?_OEPNP#W)"_2;/GS._,'XQT@RUDV3Y?7/[_[=G[BGX;["_G;1?.V$?G9C6B6W^\%#,WP'JY+*H;',8 M:;_^\.S[W^WJVR;&^+3ZU_57B_2E+]+'FJ>_?SP[K_P\29=%.5W.R#O*!@`U M'WFV(%_)%6#___;UPUYX^)1]XW1)KAGE7TB>9O/S#E8E;;.+)RNI#<.)X] M-)Y75"5F>?#MO058?#8KBG0B= MSR.5DR);Y;,ZVU'X+-_7'OUC`QQD5V`;.FBP@PK\>U#!/ZGP@]8!\$?KPG__ M=+KAYFG8LME++;%"?C4M+BOX#8_4#=,Y)8NR:#\Y89^<&&:3WO\FA_#=2&:S MH2-9!V;!ND-9WKY#3UJZG\]`EL])3KMJ[6]-\]F1)M!\XW26T<['77GRI#6P M'MLXWF:CO"XUR922%PE^)B6LZS9?+2BFRG;`;&^C\_.N#Y%O>T%HQC[]N]D"=&,[G)3KA'M46H9#):(RY9X>PP&I M:1UA0K,M)D]$9]L;0R?+`UR3,C.)Z-_9X)9I\O])7Z-+TE_D-:3"QLHMC"O@>#T+5C/T*AW]I( MG$0H@0@]6'$.8%@``T-[CA2.J'J+<<0GP,KH$=-0?F:4J-\V"P<$K!-9FFA0 M-^R9A-;240FB['::+B>&GP1NX":&X8=&2#7&MNW62N"'<17C!^K?O2_KRW:1W#`$EP/M(;B])/G%BF$`#AR%R762%7A!9 ML$7@!Q'D40X%9A6K"D,"&.03AAG4H,$:-5C#!M7[]4>-FE=Z5(3AL"R-'`$Q MR>+GO0J3!N3/FRG.:A2@:Q">@!PO&#M)AI+",@4.A02-.+`CJ&#W1:9$4>64!E5 M/1S5]5..RMJ1PAKS!53."-=-!X@F9\%4KT`*5DH'BJ&:"FEOY@^51H<+JR:C MCB$]WBV&#DVV^JSQ^8Y]L?B\*MG"*[:F[6NV6"19SOYQ8B(4A]"-_8#^9V(W M]!W4HD4H\@;))/T@ZIY=WH/&/_K#QD/P!_,1-$X.EG5ZM@;%F6BXAC!P=NK9 M!O3*6@>CI"*3R6D6KSV[26)!5L:3&90QLN"G537(L]PH"1TS\FF6#NTP=AU[ M#=2RK6ARM[,:>$CUX\0H(GR[[HAI(-6O3]GRY)X4;`'AO;=0/^U*6O#X.DMA;F28,35$`!0PH85%!A?9;ZYK2_,\T+0.W6:9`W"^I+ M-\>,FY[`7T<690VH=OYI0FW]!P<;X.MO7?Q3BGHZH'YF\C6T-I[)SE'BMV?. M5.^VI,'4J^8$9:]%%@8N9E1(BP_+>J_GO_*L*"8>]B`.8P-;CH\-`YH(1BW4 MT$/^D/7\+OB&*.93::R@C5K!Z!2\86H8JN,V7O^K]@S0H->^L4^H=Z^LDO%" M?!36,OJTAC=2S>A%@>1Z1O]PC)2?CJ=9C!)(_?#M($R0F01Q#(/6C3BV\7BY MJS]VQ7F-MX*QG?1NJ86[N,.'5O9F\R)TND1VF^ MEAW&068GZA%SZ\+$="@PPXU0'(2V'P>F&REML?. ME>(>9_[:=:)\C+BIK_VKB-7HF;&)\3HS:ASAX>KO"B,]?F&=/^)#E,J?4JVH M!MXQGF^@N-W5K,8NHLR;(O0IP^CX9($Z6UIK,[0L&U*O][2ZUB`(!BS0;I= M\EK.F^N72:1&6<=-=O@&F\A)LOR*I.6*"L:F$PHM&)E1X""+=D6]T(G,MA.* MX\2#`E6@,6$.6PYJ$(ZZ\*!3,(>965$6P-'[5UN>=2@;Z#$U\D)T%$Y_]&D+ M;V2*HQ<%DJ@-%"I4LB.Q5J$\B",>\N`'R*9ACY$%+>R[2>RN3Z;',81ALU.VO2YK MA%,"CB$4WP?[\MU?"@YXT'*P.NYN?]YHOI&!:@\"E._V%PN%QKO]PS!.X@11 M734QC.TXI.A;1TS+A;P:IJ\'`VC<`#O]_W]WK,RV\`;Z?XH)&GUWK%@HU?<" M:^%OKC,J_/MINF#7$]'^;05^$B0.#N/(,R+LA(YOQS!H+R?!CNV9@VPSZ@MR MH'VR:V#@*LO!=266(TQ=]0ZIXOFK(:,Y>#6N=FY]A5VQTR@J#U_+Z.!(H%0, M$F2UC=<^5I#&@ZPA@]S`<.>UB/9<[Z?LWH$/RZ+,J^)GX2_GOY#Y-A5*1D7Y*$,*)5_3A(K M3ES+BY$!$X]*&F(G!#28Z(>!2'=7*1#%7=H-]GV:(=B;51L594JN)B!#23E# M#RKXKT#,UU3+57/Q"+Y>.>_@:W\][THPMZ!_6,ZR6W(Q?7@AA[@H08D3^C#$ MGN/A)#9#*S9=;+G8B%#(>P=#'Q/J7OP:%:"PM.B@'2#IP"LK@UI-WD@IKF3R M6U[7]RG,EB5]JX8,?8M9$6Q94!H8?JCT1J$*!"Z*:V[%<5=FZVW M:@L:398,G.C5,CVX%%0FI31VUB4A!M6JTBY!/)K4F53=%*F[(_OTJ"RJ.PHXE*$\1^D;2'MJ'$+J(\BH MMOHCZL=1!>I$S%$-*LJ[?'+Q^\2)+4R?$`1FX`70C3!5NO:Q/DJX.C>\SU*L M*!?D85IPW/G>C8?#2J&"`C%!N(A_]\\[O?@%F?UPG=V?,A_82V]6/[&7W=QZ MV1L/7WBG17T?^=45AIMU"[&$4LC9^G)B;(>.X6$#.VX``\\QJ1"L>R"1+W0] M0#]+(Y5$SCI?]-Z3V.ZU$36M(S(CF"+(`XBK@6<"LPJ5K0-6E#2US!G2]97;+E>F8%Y"QD4##.XK4"S M[PEL@Y4=A<.*-W(`Q.1OBWLF@0PJ^-9POT8+*KB@QLN^-R+W_-N'1XQ!MZV_ MLF/!LU]#C*07LH]"IC78(:'*LTQY,Q79]<4V1$SS>43FJQEKL1PH+)@@UT@, MT\<0)=!$)EZGRL3G/^54OFG%R:I%3#-3`UE!PE(1D>-):^1@B"6N=1S6:!4D M+Q5Q$#C_8MQX=#R_0D%"I.U)YDI9%V#A*;2NVR0IBN0V-8/_Y)G]VG! M8)!9=KU,_Y?,)QYV+>BZH64ZOA]C^@Q'Y?'<,QB+8EEFHTY@#0Q\'9Y`_J0Q&)'=TD-G0GERP"'?]ZB]%+HT MT'4Y?F22VY'HQNC594'^6M%&%=]7:YG;Q96AA4T'&HEKF1[&B>5'%K7G>XYI M0SLQ;=Y=L%V?K[`;NX8$:DSC+1G>Q\Z!DG-O0C6I-O?W8W?KIAQB.K\YFW7^ M+K+LT$4V=@.'W;CF&4[(#$+706Z`N0X![6]%]:!\]RT2W;[?G;YNRJ.&N=[2 M,]X>I+T$":B/.*F:RD\'1X[H3U=JN(99]460%]E%OBI*0C9B9]G8,J#GF1$* MF4W'LYMCE)/$M9-CB\MZ/5O=>]/<%UMFH`7%E;,ETL8_&AB$OFXC@8XT\HP# M]GF]9PS0FR0-^O_]?<@DMAH!\?BPG*?WZ7PU7336*N/^=4ZJ(RZ*>K':Q'.] M`!JV&5C(A;'M!`BZK64#8:Z]WA+-*5_CTZ)L7X[F.+<-4-%E?#*Y/B[;(]`L M)N*:,\RO\",PW4WOY3#.(_]\E.Q)!I+YU"`UR/8H4];X1`>];`*!V0D7TZ+X M?'5>T@YNM1W%B4.:I#S;)"D]U>!E#U&TW M6@\*.0>^@[`GIOV"Q*D9[^[CY=!XMS>7NHQW^SNR.]Z51`VW]FS;:?:?N)9E M)VY@LSUPEN?;GF7YK24ZZ!;:D];A\0.K3;=]:%UHXQ,:Q8SU4YAQ=IT]I^2` MN/3@3Q-5Z>-!)JTQB>I(=GN;+2M#36?)1$[DVG9B1=CW/,_P$KPV%/J6,[DG M^67&+23"SQ=Y*[:A\+\<%:3VU1`;8_6@C5-&E/(EJ")B1*G1D%T^#DE(9^YT M49#N#NP*2$\JN$IG[3&O=!1&[@C]8UFV%;M):)F^[T5)!%TWMFS/-$)4F8L- MPS-#S%LOZV-#<8]D4[2FG)BEWLG1=?G#R;2C18#TB#K*=`=F.059[4D M=A7FMFC>@AJ",5%!5LM<7S'F9Y!?B)]Y?%"$N_.CC0#W<.&9^/:E0_V-._%? MJ[1\W#I>]W-Y0_*+F^FRN5BHGBI?7QQN.X'ON(GG0PL%INN;,?37^#T7#7(# MCVS0BE/$5T*!IC-V(UE1#76KRWCJW4)D.KM99XX1KN>1'G_.61-=\"I1DL$_<* MG`:9^&E/XOBENH[C6G1H'QJ6#TT4FAZVP]9!&WI"MW:]'J]&'$-O\OCW]H[P M:7-'>'WM[9R=PW'%[@B_9[X(WPO^VAO]#R`@Y>9/6;FYE,LQ46"8 MT(F-Q`P1-JW`:FXM3:#KXF/K-2194:C'6\#^LY56AFW$4R0./%OG+I$D_EMZ4]:[O%Q5;_['Z9Q<9&?I;5HRS&EF,F1@L*83\2NJ97*1+%G?3SV0V9KQ:$S44_<43T>EZU MX>#31'TB(2:93W`#!IR-D1KHH,'^GG5BM[_9W)<'1KRDMP_?!V1WF#AJHLH# M.;M[3^^`%'-KNC^;9:OJ$/POV2*=I5N[_!WL!+9K(&RY[#I3L[H4F)WNY=F6 MZ9B04R%Z6%#W^F]`@1;5>'VE_0P=>&$ET*K)VRC#DTQZFQ-8TQEF2SK@86?C MT0%46B19WJS[KZ;&+K+/=]^6:5E,K,B/+#N!GN6:*/9@[%EF8]I&EL-]>(4L M>XK[.1N8X)+A!%=9#F;U9I9ZUI"EW,]?P(JA%5C'*(WOXRM!QZ!:3,FV6`[6 M++=;AK99_C86R_RK1\=@N]MJ4EFL\ZPPY61ESXI3V9QJL`)5NDN9NB8H?+D9 M%5I2E&%6E$4XO4O+Z:(Z:M5Q0@RQ81N&%]E)Y,`D<%M[V$X$[S7K:$1QPFAQ M`?+`BI0$S#;8A.\RZ\HC7Z=V$`K%$L&:O0H3"'FX4W1QVW50FA1BN;NQ7,EW$U6TE%],'\L2:9QH!#"-LTTZR%8% M9#U,*)\YGRX`J>]J8>?DBTM/7PJ/=T8'8D],=BKB:E2@@O6>3WJDNNTL1W#0H` M18%G0-OS@LCS4&L=VDXBTC^49%+U-,K6XI+9%CS!GJ(L?CF+H<-3*U@8;0&" MO8M\&I!#%TFYF#M4,)5+O28]3ME>[19259`F<"K2LL@6Z;RR555R'S<3(I[G MFJYE6DGD8],V3>3;5CTA$CO0=;GZI%(,*=:YNKZ478$G((4/2NK#))^V#4:B M<(%T`^M]/=WS"/YH_C_>3.XAN@[(F!26-1$O.;X\.W-)&D'<0E6]HY^O=J:= M'G>MQX9C(=MC%[2Z=)@.'1ROK?NV+[3F79+)H<1K@U-0N611RZ=A([`JIF8O M$*J1IO'1=T#=)/.OB<[)]BI3VF@%M>];03Y?T3%Q>DO[B<4$P]@)XM"Q(FA9 MB8%H0XD:*QC92$CC!!^M6,LH&O;BK?$("IDH3WR"I9`B,6':94M?`5S)CY^RF5^FLWI"K477\!T1P>QA1K$T;I"!#31!>>Q#(I\0#L2?F.2]2)U& MNK>?M`,*)X%I3;1,AB>9]&8HNF6,2N0]E<7[UM!F..K#,/)]Y'L1AJ9ATC6)\VR)[L=9\NY^`7,K]F&Q#\&?WG+KK5AUP^W1J(5S'= MV@*ED5KMI^J`6DG@5Q.UDN')[GXI6>1PJ]5F=<-Z\']$]^;#210P6.9:J;M92CQ.IS M02B`#Y2G)1/O+[2EM[W,V#<\!+%G^Q#!,'0].S1:*($A=C>>"ON#+%D+GBVI MDG*F5D_F^<1T;-+%9'7?$K;WS0%3E:RN,8,*M#X"VX'K`U*K,G*:B*Y2%[F. M5))))[<0UP?`?"3E34;MLD-ZJS%FJ_[0M!&*/(MF`,^B%@UC/7]CQ%!H87`_ M2XK%]1-M)-FRI+^^8*/J=N>,:/^T)YM\,CHY.Z` M`,KA7!.ID^1,IJ)9"LK7)_)]:^5*GBWICS.R97AW\.\:IN?XT/03;+H4A^4D M[3H6'/J^4.%0NG'U,\'5(9I;QY<\`2TH=O*YY]._46D7DT0*=3_=&LFB**4' ME%)9=#013W7^90,U<]&A.KEF1K^2_^/NRG8CQY'M^P#S#WJ;;L#=D$1JNV^D M1`X*J&X;U=5W'OHAH<2)PZEPR`5 MC'BN:@[E6`PG@"",:1;",`P@I2"@?E]E/(QPC(5K(JM^O\6E7P?).6*:L13F M&^R,+=9T"5W(G:;OQ\MEEQEBE.^5V0#*LL3+?#]+8(P\+R;Q MR73B2Q6V-&'/]B96?V=]V-U7]9/2_I4)4M64R3:?NB)UPN?\->/.T_NL28B7 M#N<+U3$ME]Z1-'VZ)+(S[HNZYEM8E]5%[NKB.2\W:+=IZWVCIBGVS0G7471# MX/F!G_HH!&&2$>3'89_4Y@#``D3L8Q%BLQ;F^%JM3I^"V%IC3D]&>UB\ M_0L#-J[`>NYZWV%0OLQD7)N%$IC3KB$[[1/O./R,B2>5;'56I6 M0N5$ZPRFTP6?9T#;I2>'*BAEEDD7+],X&_EJA1N-#H)(-4<9?J[,&-8H7D#% M1SM^59:O30.K;+1FE^YARZNUH0Y@=Y^Y/D@H3@C[0>,LP822XPQ'/8^N=L4# M_]!GO>6WJGFANS/I[LY72"76Y4WS/\[VY>KBHB,GJY".AVK_LJGK>.--T&S1)_)79#?BST+DFD<12$`8>8&!$,W&?K5 M^B%T"3&\!R)B85AGHMOXUHAIVM4V M1FA5,Y*=PVZHD<2&X4N^;2>FYK$HV.6_?RP;I]BV:;%.73RS;VM+9!S.1N[* MNHV-W):/'+^'FE__^8]__N//\0_4!3/%>TK5]0\>I[`W'YC%G]ZY_7YV\K;> M*O_L!7)GPT]KLU=.5CHP3KE;']HI^,N/]F-;%BHQ'O85FU?*!R:[['-Y#_%; MN7]D']@4SP7[P?`P.NJ-\YRW9^M;-T]?\:^F_52+_J$E:?^8[YUOU6&[<7;5 MWGG,OS*41;$[87C,-]V[AD_NZWS7Y.OV_"/_3+7NWOFKX[S/X/HQKQ\X0P]Y MN>.=NO)ZQ[Z4,?2UJ#NDY7TQ\-5^Q^NQ.0Z;S4$Y)40,MAB#Z[+]JI9T_EGF MVJ'],/O$IOBR=\JS&BT_\4/XQ??\Z9F?N]^R2'E[PQ$=R^X>V(C5WW@9'?[; M#5A@\Y`49 MV)?].LG6(M,7O8U%&8'Z^VPK2GDEOZDH3YKX,=+^`KPKZO9PZS%1R`VP!]BJ MV_=ADKC43V#8QX84A(DOVAY`^?OM!0<#)(=AZOJ=S)>/]Q8](^LC;487LAC2 M]^/E.48SQ"C?.J?$W22D['O96BKT"$UB`F,<#P83'$O5"5*W8CGEY/5M)'OF M6IT_->VQ0YV^^,QXJOHMAB3T1Y[5A0J0@B/O*)`J-1*ER]9%^967=CRUN@=> MB$,8$(I"%X((^P1UIP8RX#'#H@^:5+[:WFUSAF:^R?H*)2/WB0Z!"[E#M%QX M5;E*EPZA_AJWVQY`NX` ML37G$9'$+I8"3^_O#=JE2$XQ>G8^3<6.^%:>79;4=NQDV!+93GCEXQN[!NI< M+&!S0`-\9>)RD)!%M%[7AV+SJ2L3V!X18A;YIE/)#?I9&$8!\6@*0883;FXP MR.(6H>X]^E8LRV4/CNGE4(JY:D_GU4>$$@*AR>?[4CH=E=*/H%L6/PWU2;LC MCI]F(%%<<:-1]]\09C.4+4"D#3E2F;Z:%!J"?^,/+7C-U^KP M97]_V/959IK3W+'RX@@PDRD)O)#W>G/#`!TCZI0J)2F9L3Q-?M(1;%M+>=/# M'9[?R![+-$6Z8`[2A$0K=PD_D3M`'.ID-6?1XPQ=PM]G;BSGR"SU"UF^F_;J M2I=PXZ3)I&Z^L,2?DN$P!I'KARG!.(F"U$T3?S!&LE#H7)6>A2E2B.3S*56H M$E0MZRQ)!Z@OU>B=#!];N9"O:1G/>M2@<2F"H^?$ZTQ&;4J$Y>2V?LAW?9[) M12]Q%N+==QG%#,XL!\1.*8!!'C+\TH7ZO=7X, M<")Z3TT#QMX]>([_QKGPH%W>G/O`EE%4+C="ET73L91-_+9@6Q3T$:N92X*(XA#D+<%YSW"4V)5`=;92.6 M]>W*'??#N?VV8]_T6#ZST(=AE)4V=4+%]&P2+N5$3)-&RPW2+FD:S1319'8A M2J7OQYO=SK2(T=*DK'K*R]T*@XS@-,RR%*69AR-`4#!8A#Y;V6FJDJ"9Z76I MC00Z="84291.=4VRP*2V*HF1.)D>=4@D%4F2UP5KDJPG`JJD1(ZP+OWGL=IN M?_");7,R^5OQ]*6H5X10$J`H)3'T44;]``)T-`D"J5QS'3N6E:F#UD[NFXN[ MJH,G*TU:C(IITU1DRHF3.H]6U&F$I!%Y,D'M0O3)B"N5^2O/0.3TL=P5'_;% M4[,*?3<`O%EWAOPL3%P8^$/U%A+XF5!^F1E+,\5/'*#3(C010TD0JQY&V>'4 M3"0E1.=DT=21*Q'(8K3P2;"F=1VI98ARY/3[Q>S3U&W223/IU"1ST)7 M7Q&=E,RP+1:&3T:TW+1SXOAZ/#YUR]L1ED8B<"/D+B0`-^/+R[:UY@B:)NON M6LL\'(<0I"GR$A`G-`Q!`J(.9Q(3`*2:O4P.SK)6?MBQ#Y5/5[/M)-5P^G$3 M4]!%#YF!13$?A#['I6:3'3L3)ALV8+C%2Q;>-I)E@J< MB@G]5'3*:;8.DY:3*5_1))1$J4[N0O30B"MO)DWJTB/>^(57%2V_'+AB-K_E MF^)SU3W/NZT_ED_EOMCA-'KS`@*G0*5"]0O%2]&9$F9%&&U2?/F\=QBG^P%H]!+ M7)]$40"\+"$1Q,E@+0Y=J06LH@G+:L-1.1>WCF)"J"J#8FHS`7ER:J/"FQ6U MN<[,B-IH4KD0M='UHC)Z?4FJS5W=-Y-JU[^]+<\-LC!U`^B#C"=K8>3Y@ZTD M=*4B&R4#EI7FB*G?V5'4&37NQ%3&.FUR&B//F!6%N<;*B+YHD;@0=='SH3)X M54FD8]X^_[DK]T.>>N@GKHLQ#4*001?Z+D1D,.#B,!1-MI3[5LL:T1XY:LJ$$22)YA!?NO9$EJ$;!`G(`%8%7NJ,O M^^1Q>-Q)_N]0[G^DU=-SM6OKS?!M*3]$/DY\E__#L>N%/J3,:`9<@!,6S$D] M>]2R9%D3.TS."93:?KPFFX)/'2;T)&BNW>NKO(QHCQZ/"]$<32=>=K$R0(E84XK/O]W5U4.=/_615@1Q M`.((9C`F!!($_#3N;`0DH5BH])/2%UM6%(;'Z0&IK'+D>7I_]6>5(CGIF)P= MB<81-EE2[!4AQ990>X@73KZQ'E3F8@%+0G7LE8&+0?9A'D\GZY/+/AX/0,<$ M1S`-8H^D(/9BCQ*<#JM0]@*1>I:G9,'VH[PV3_*8.:E1,T&10,%'>=:YDWR2 MIT*;G4=YUY@9>Y*GQ>1"0B]-)UX^QS-`B;C.=(=4N:WNI"HZ[!^KFC[R^K9N=\(V_YMO M#\709GG%*U?1D`1)$M.$ICCVPJ-`NAA(I;>;L#>M:CWGM?.5XW.>B[K[:RM? MFVJ[S>OF]%<-)5.G7EK1)F%=1]D80';W=LXLW,;739GUY MJJ?OTMOJ9X@NQ92K5]K+HD,:8)]&&,=!Q`QB0@>K&+A2BT--4Y.E80WRU]>; M,A*[Z=(L)G83,BRG@HGL2?7\<:0R\):J$W_ M(C51WZM1;31$FOK6W(>F.3!)S@!!)(X(3#&$`,2A[_%4-!+#-$W<4*@$J:Z- M:1>W90O*Y':<*)6*6W$66-3?AKMQ.EAS[\%U*&3VWR3I7(@X:;OQWKZ;$BWB MJ:G`5$DE8Q9!EKL']G(C76'1`/>BB[,I:9==EYTS_N&,\?,@9_+U MV#N$C2[%3)&]$!TSZ-"K!9A9JB3.Y;`O[^*K[,#O7[;8*ZO->=Q%JYJ?N%YA MMNH+`ANQM3KV??W(7BNZ5:[:$E>+4T$]FXI.224[8_(4U+5JEHXS:4?!1E@:TRX3 MY"Y%M8SX\E*OS!$D=*"RT\#S0F#HH2ZZFOJGQ`[T5!UV^Q4D61R3,(H18#\] M#X=@*. @)G>,V;M2R@O6GE#?GA>_R(]J+`P!Y"UCB'*)9\L?E;5;>Y:2N MI_RBUB`ZH_P$U4'S4BY^+'0VZM6.C!H<`I'SI#+L7)E=K!&\@'.H=ORJ+%^9 M$C-0UT2LNA_#L0J!1RA*XRP.(^`CCR1\*J0XR*@7IY'PS&/$F.49Y]0\KQB= M>R14SPS'[T\PD],K-[&AFX. M_R[82_FV?\_MM_Z-;5?#HMFOXA!D&4ABY$<$!TD:@2@ZS694JB[5W%@M3TI' M0$[9(V+_<7BS3R8,NP>>=S[X)KFG,S=Q@MM"<\.T-ROVZ)VC:T[OF_,3\^YG MOED^O.7,0_;BW<\WSN"FT_G)W]Q[.KSYQCE=.X.W$V]661Z[D?VNI5PU"]DR M6PP=U3)O;HEETZF#_"<>FO''M;P22'Z6[O*YZJK2KC(?D#0&288"9M_-@C`< M&A:A!/NNZ.K)I$W+\]4)JO,E;\JFS76X2+IS]I5S>^<<>-E>B8#?*._OKZCF MHEQN"CECNX7999:T0"_R[GK..=JY*!=?:LU%O=J*R^@0B"R^).AY8PUF@^`% M+,6LN%79O2XE%V9MK?/;^[,Y<9CJ^GU"&J(@A1$A81"E+@$!IL,A-Q2B1"IW M1]N8[:51/XDXU6'?[//=AH?#ZDF.^MR*+6@FI55N.NGZ%E3W%^N-`=V-[!,' M,VN(]^@:60088WHA4;PY?RI+EZ2DG%V&[TV:/Y?[?(O6:VZT`W6ZM5<8AI%/ MH9?"D#!U]4D*X0""0(AEM,VLY1"P".7(AI6P6Y@Q%3H5*AMFQ;UM`!\B]YA[DO MT5*=;:]K[:I;&Y+WMRKF'@TYF3T.1`^W.QOCG#_G<(Z0SP/1N0="?`-C[@%1 MV\BP,#`BVQD*9+VQK6&3]@5L;UAUKYKFZI5<'USTR?J\J'`^>O-75YN M[HJZW7[Q(878]4F&?3=Q`<;1"4\2(:G3GM9`V-Z)YWVC+U*8GADX,S4T[`V, MV)IB$6,B-^]=).)PS'Q#^,7SW9N+=)W&XYU5!CO;'ZFTBQII.2.FR"4HG*E,/SROY0 M6U=FH/LSP^2M4@@0"?S$:KN9BGY*R M'E!J5:_4IEM,8Z=E6CDA93@O>RQ-?@0X>6G+=_@:T4AS7"]$#PTZ]*KPI5FJ MQ*M`K1^+S8$7%D"[?;DIMTQ:OQ9_%.M#W1;C(=_7V\.FV/!2!#S!\-!MC-W> MD[S>E;N'9B@1_#G_LBU6OD<\"$,*81!2%*74A1GQHL2/DACB-)2J%#4M-,L* M.GC#;^US?YR30\[@45?XX\RG]DQ*[]6I0+?S5^N9=`OYB8=<3)@7/-IR*C[+ M0-LI>65T2$8FBIG&?B&SRES>ORRO-><@",]7GPJ^`%CO^X+U?8=:X@8$!"3R M:0J"($)N[`6#,9IEHMVYU+[CPNY+;4=*(R M>6E)WB2:-S#^R664)]&'F841]"#.4>="E`V0`?*F.J7/BM!SNO37S M_\7!R49LLXZGF'3^78923H!51]&*"END>$3+ES"P"YD1%D%%M;S[SLCL]'O^ M5&354U[N5I#ZP(/<7.BF)`H(0F"PBU$L]2A+V]@\\\2-PR$Z?W4@SM%:JN*/D"`J$S55S/VQW!4?]L53LR)AZJ.4 MQ'X`DP@G/J&>>\3G9=Z$`;8XJ)FB:>E]-.Z1T[HT<0PN,;Z3!-QVAM9,=&UG M5)<8DQ]'P5X`+C_0BYXA;/IM-K16)7ZJ&6CA@,`X36D(@B`-,(;'+:@P M\PP$VZ8169YKC@<&BPL9:OUBOQ2#_IQ:%7\IUOFA*9S]8U'63G%_7ZSWSK?J ML-VPEYRX4.RC!&8PBZ,X8[_X)#Y.:A%!4LT@ M=&U9GA$NDU?WE?-8;=F%V19[6!?UGJTJG?KTJ.ZB8)-T_K$FZV)2/B7A97W:Y(F\?!YVS):;*Z;)=_Y M?WD>0X(022AU:1PE(`[125[_R]Z5]H]I(B*8KS)HGBP+L> MVW!7[V"W'Q)IEUS.[:J4-S/+;<^O7U)''I4729$2"VB@#Q]9&1%?D%\$@V00 M,IK-OE6KC[5VANQ&J,G\V]=O%,J+/LG_W:NG)>[EQ]:;;I[4^`!-MR>_NEU;K[*/E.OU^V:4BX[ET\R('?= M"&2$EY^0:T[5EZ!>-5WR-VWT5R1^VQ^X8#FA<1I3@0J0 MIA2JOHV=MD#^N3,NFO?75PZ\6=63?1UK"HLRS:-TWESX?&3=53WH^++J30$X^)0%+NJ5&H M@YJHSJ/7)>V:1^5_S%"2L#B3P13$<8*S),T3O#W*!GDY6U;W:M'B*EHY4$F+ MUUC+:_O::]/;FVJ]_EOTME*/HC1$-W_&6`:U6"CKI$O%O^NOPFQWMUMWKB&`(1XS*+M^+C,N\CPZU>JO:+1_YV]2O/5+6U/A;E?T_3CW,`)LSE3(? MZ`900_-B5NUW4)IL1E2;773\K!$=-_5[JO;[I2@^J%Y:_C13S@)I:'Y16=K*#"5/6X\R36T]=*LM3G:&MT=+SS^H),4 M(32GF.R@!:;Z"/MSP8XKK:W`-LE_[TL*.ZNSV% M7>V;#D7?IM(\(O"#*\K[NA[L+"$@QWG,BBSE95D`0&FO9P)$,617<03U1MQA_*G=8OQKI+A] MG(W&,?SK/A2,Y]A1P\7+#PY.#\*,.`9>8)!Q:_^`0.3!$2,$JP_55Y62;3=8 M$Y'"7.0B)@"7F`&2)V6O8$X%U"D-CZ_5.(5?C;7&M0KP:$'*V*^^HY-/ETX3 MEMK2P8N)0L\QS6%3>O8[;&IYX[7#@`E`!H?I'[M M9FP85C;_62WNOTA2SK[)U^>-NO-?*FX/9^O%Y]F1EWFF"7+<^=[,ANGL:Y:M9X#L4+ ME.<`^D#XS84E1]T9'8%CLO.]JIIUQ,/>RO_9&G_77>[]_(?Z<+9:R9';_-QZ M)LHX%BE+6)[D"*>$YUG::\8P,WJ;?01U/#/AKVN M>^4/*K3'E=@M%^\"VWZ'W,ZL:-^N\3>R!SKB\@[V6%X.A,S'M/AXSWI?7,OVO*EL4#S89LC.ZP?V MCAE401C%)UYK")T%8501SL%I7D<8[)A`R-F;>7JU!$\Z M/;9+`LGR10H@)1F)`8&<8]1W,&5%21.S:JTKJ=[KM,=+8-,"@S.`]6AS"F3- MZ/+4PSMMO4&.])X=IRLT:`)X@2!=NR`08G1N5NUWY#HAPEXH*3*!\ISE)15E M2J3\8GMQC?/4Z.;N,$F>2PJ-,FXX3AN[(MN[7+K9)XVKJUJ]F]7G-R2<:-S<&UQ#Q"]7"3UXIM` MN-J;><9];8?`:+"%?^*ND,9UHOXVT:&2("49A#'-RSPC6<:QR(M>R;1`1L]U MC*O9B+'`\@ZH&T(?V=^ZYQ)"=;7I4893]T%O3O57._?1_9NCTT8,ITZY>#)B M"N<'$FTF,O[H_,5T+AA6%9D)0F":PH+'&(M80/G;[76+/&7<03'XJ@SOI=\+ M[V?L[[+U-ZZF7S98^FI`]<6IDQQ574(HM9B66+1Q#(1`!QJA4U(QA,2:T)Y7 ME_,XST')<8HP9S!)D:317BQ.8J/7SX?*\IP>=^H,+?8:(VA'.#[!&TX]P6U; MV6]7V0(=*#=9FW.%I8;!Y+;TNW]H8,8%2PE#1+VL'N<48DCPKF91&C&8>^E_ MEG^G<+G#`K`W;_LL`??T'&P1>!_5H65@*P\%PMX>#;0I!0^`_+Y:"5A;^Z>O"@\90QQ[!B_A6&K M(1!(_)G,?/?%X0%N&%I-F2%6QG$B$EH('F-!>"G_Z<0E!!E=1+:5X3F6O/CR ML+:O!M5KG+K)69TFC.*,>5%&&\U`Z'2P&7I%&$-8C%+SAWK]M*K>?2[JQZ_5 MM#_:.J5`8F%6M:#S0=!=[+CUEDSU[=HI\MA^(1\^RX MU5QEN/NZ1YWR4:/]S:F+R.OH-V5#U!@Q?AN(09A?27S'\&8@S#R:N2<2V_%@ MUF?ZZG.U6G7RB_G7Q6;^L/B75&!5J8?3L^7=N\V7:I6MU]5FO;-AIU>"<0PY MIPE/&!-EQH3 MHM:&:"^`_';;+&`F#`D#T;\4$\9R;"A!831[GT>%<8'6:P#<-3V5PMMG&EXO M/]>KQR9:;7=]H&@R*XU.W`FQR-#=.HU)-`J&.UI M:-D/UPFV!@URQ\;8LF.N`ZRUFNAJP'&"%ITC&4*;7:?VU)Z&G"9MW56+62OL M0W6_4#*6F[?SQVK&4`HRP*E@!2]+``H.DEY.QJ%6=FK]Y;XK"^T\V2D5*:TT MR<@>LG8.@1.\,ABLB7ED MN/ZUHU%CS!.%9*C5_.'U\J[Z_I_5CQDK,HX+3"C`0L@5-DTST`M*4*IU<]C^ MV\=ABDZKJ%$KDGH9=0$:!SHQ#[%!SP"/GL#A#)8.A"X!- MAMM0.QQ+QGF(6#Q4JT**N*]7/V:$$9"719HEJ(Q)"J5,DY`#.'233_\(665?.B"Y"SS.+#_8MYAAU0`/#%(_:.<8P@,6NS0 M5U%NY8_,&*4%3?(L12GF+$-R/;2MEI`DU6IT8?REGOE@6_)3RACP@!DPUPG` M&R:6U>;+<#B8\?L&GYGJ5I@$,,?M]*X'#@:+6?V^6BWJNSZY*$E1X#1-9R6,2:T$U42EE%3UC#]_K%X M8W\1W6AFP1S&V.ESAT_8+-G#`#&'_/$,B"L,8@M;0!QB;<()%AD&AP6/M+35 M"D,T25B6IRE.RR3!&.TV8\LD(]I['_821N:2+KP.8Q,C!$WYQ!=XPQA%#S?G MG+('AA:KV(`7'*]8&7&66>PAT>*63$JZ:Z0]S.]G*.59EO,82]9B@LL$B)"M M`$YR73XQ^U;/'+)5)E+:&+"&(3;7F<(?+&;LH(N(`SXX,/D,!]C!$L"\MU2\ M'CHBS,],M`^G;>I/OQ\_TY,"3(LBS45)`$Q@203M5SYE!IGV&5^N&(0O+I;':,A:[7S80^JNU,8%P"Z?"3#!;(!\)%+:XX/:[@# MR:"5F+I@WMRGXM7'YF#J_SU)74X\`)R7+,\2SE#&@"@4B?*VU4T*BR2E1+NA ME#.)_J;[Z[N8@URP3-TA25*&80950411'W"N1RJ6-R M$=&=5,^YR/Z-PZVJ/W^N5S^OI;('L[C15_>NB@?X]9AS&N3-B-,AZ%YX4QO# M"[3IW@^!L*8'PVK?0]B0,_\Q_]]ZI;:PU^\^GZ/M[XOU#/.285BB5&!*DR(F M(B6]^)(29L*8KF1ZYLM&S>:,Q5K-WHM9CU37E"Z=(:]'EE.`;D:5[O#VPI2: M`%[@2=HA*`7&:YW:.K4H&8ZQWP M=R\U')9L%?;`D[KX.V-*#]![X\JKJ$_%EJUBP_C2T!$OAS%-#3/G3"OHM)I" M?*CF#^5Z,]]4>Q6\?U2/'ZO5C"`4YQE0FPRXY)!QTO785&DL05JE_Z$R/#.B M4BUJ=3NH44>_M?J9](`8!.5ENAL313-R"P9`_=X98P%IUS)C`*`ZG3(N&'^" MW5W!%4!?#"=FU&Y'D8>:Z9O%LGJ]J1[7LQ+G'$&&D@PB!A&$&8&]$B@'J>NZ MJ;[D<&JG2N>H4=I'`=7`%^Z*J'[FH_'?5_5Z_>MR5;4=+?\^7RSS2H[DZG;^?986 M$-*BC`&3#$U2&,?;S)<+4FA=.1A/&\^)J%)F'2V6T9Z^7=M9U2EZ57VIEFO5 M.+Y]!\4=K[IRUF#&G@5`PR*V;*Z5U]RZSK-X;*:_F"]6T7_-'Y[<\?1U'(<2L%,`'3)K,%1IQ8':J`9/;OJ6:+.6 M(3C:=/1^57^JJKOF%5$E\5(=>881YP5.02DX$3E,,Y1MTV4,N-%STDX%>ZY& M]+JVCP2K2=<<1WJ]H_G'%04?76:X.5T4 MG9B*-7`U8&277@J4F)V:>(6?W<-I\%SRQ\WN&OS3H`Q6BN MO%Y*&6U+]>;&NYR5B.2%`)SG28$SADK1BP*B-#KW8_/](QXI?U,O[W^6W_'8 MWN3;:6K;B\,*3WWB\0FE&>NX0M$;$SV#Z@H-V0(;$`=9FW""@(;!H&$EP#/_',Z6F^8RL5TG"SOX M]-C&.W)F=&,%FA=N.07,!7(9A&,@[#+,AMKAP!K(+]W5:Y"#.,GD@B.-\[1( MTD)0WDN#Q"S!L10Q">0X24F@];V_] MY9YYIM$I6JG[[4NEE4&#`#NL+I/**#"9T4F+D-(G:A2RZ:5@!Y5^$P7OD-EU M3["`3J=KPBEK3U#J8&`"Z),P3/_:T0@Q(="'6HZ1Y?US410Q]687!W$F8BQ@ M$2/6B2+R]UJO[PWY?M\TVJEER:2VH&F0Z0AX&?)I#]5`2K7%S(!51\#.DEBM M,-3BUM,VGZ/7@0B%P+!#3:C=#1CCCON2J:KU1HG[Y8_YUTY:R1DJJ9=NUU,MP16R+G-Z*>`30S"AWBU=#%THE<[9P M]=C`*6@NK(<'8AG(>GBH%4)0QQ MW$MB"=-:O0[X>L_\]VS/WVXKTP8UO73*,V!FY&B*U0BG(Z[L7PZ`+Y#L:8@% M%X]&6(!AR2)OYX_]K@5$@#*>8YSE3`!2PR$C,LH-Y%2S7;[ MTAY)&W[Q!.(@EM'&;P2VV>&CS3D6D`;)/#9V7.0?:V"TUFYO7N?O/KQ_>%K? M_E&_KQ?+S?]4JUK]^[Z2HTY*KS<5?ZJDU],NH2I*)G)!24$!)RC.&(_QKDY5 M:#4I]B/9,U_]&P2O2/2X>'B0"X";J-$_^BH-B.)7`/REJ;#>1'=/ZG+;UTVC MI&2M?V/YW&C3LBJ7.#O\TJ MU8,C]!>RTSK$;JWKR3$ZRV)CN,ZLG/W!'L#BVJ-Q]1@CUR"L-?*4\')Q_V4C MY(CMI"O%WBVKYN]NY8"JQ.);U?W=IN[_YNUB69U4F?;/!91)$<<0)3CC@E%, MR[+?%"?JH)%N$)Q:3]\ADX!78!0@=HKJX^II MOOH10=J$3FK`V%.CJ1%HIU;17UAN.;[A_,:V2!FW)?TF*D@KND\T%D;*Q.TG MY%C8_;VR\WS4H#;A?&KD#8+_U*KZ3Q4"&RPZ*89GIYQ)2$(9"@&D+\%`48*-F)/4\ M1>$QL-ID=HBXP0;T-,A;;DX[]8#6]K4V/.>VMMWC&T!H\V%5[7506@6<)DB> MC'>L$\\$P30A"*.,"D(+)#7KQ9=)IGV+QJ5,WR$GV5659<1)#U;#_S%?MHOA M9BW,K.C/`>HF$6=4HCZ M4[$)HDC_YI$K@=[W,MG>.@>_@N3".@>;W+AQAOCUF#,)V&8!IRUK-52GZE4' M-:S]_!I;W6YRAK7!=:\_^00>ZU;49K0G(DPSI$-(+RXMZGV.!1M`LOM M'W43V8Z$HTYX6K"$49"G,(:4ER5%J#]_G`!&M&]#N)/H.[3$X%6\%UKB]&!! M\R2G8M*$%61#=4:.->BBS-P0PHO[HPZ%5\<0V888)K-H]W&4B=]>\10Q3G8Z9%G*_Q]@?T.>CG`+)`3B*0DBH^4*"T&\"1!DIV7>3`46TX:8[>\K>Y< MSJ<_NG:WG>XVJTA*RL,.LD[<5?6C^E_%6RGB@F9Q&J@H'V=0D514^U2*$^/. M9S3!DQD-"TZ?R"0&U$\.AS;UM[$+#_9'!%, MJIII9,RSEMT1@J4P?6@O9C,'_!>5V%S$=S+'.0-I/]W1P0^:RR12/`\5XUP1 MQ@6+]VF7Y/HMUUP8GR#=L06D.^VQL)SN7`S#%.F..D]WVB/B*-VY&)DITYW. M"%E/=]1>NH/R_]72'3@^;+K#@82EN_8`8'Z`A#8M2CVUH\)33_N_\=ED>*\$B%O@A M8[Y/68=YO50]GVF[PJ MZW/7OY_>;Q*Y4H+'(B>"LCQ,%27IZ$2:R%PWU]BW[#KGB,,AB5=>YW[?>/6^ M":!O*/+L+!X5X/O0#L;CY40T[U#`$M(1]];;BVTK3.X>.Q@(_10U[X#@4I6C M@=%)6F!<9Y*7.^P+2&(.@ZNF>')!;_OYVI]@;U/KJ:M3XZ0MHK$**6%YD#-) MPH"F?#]IHSS0OBUKS:#S@WZOH_VL*7P=/+DJ^_9F6QU.D(/6Z*SQUI@TS8$: M.&?JCBUWTM?5[^=N:.)6YZRQAKR&:`;FV%<3V6.O]\XB/33GIDNVR2X@T=B/ MJ7+X*&+22G>T\.1R((G&2[FIRA*293)L)FTAB\,@#O=3M8PGX,QBP:;S-3ER MM"87OHZ?;`+)W>==O>V7Y$B$$3P;U`'Y96+@Z!33'V0^NP-!(J,L8P,Z(M%, M#-\XU]@8!%"Z>1G02QG'(N(E)1V;89W*.]:QZ35D&&92I_:AZMYZ.%A7E,:$ M![Z261!FOB21&E]*%1'J<^U^#/9,NDX\_FNQSSOTV>&#-]7783$N[E)/".D- M8)'ZRYEG)N"PQ'-8U3FS\5V/DA>BNC%8)`YHQC`/>60O!OT1,.S`H$WE3*IQ M@'4!F<9%5)739Q'36WYL=]=.LXZ6[I[VP3NZPON?=5W>[#;E[57S\^HN;?ZT M&A;ZQI[!"0NR@,@P2!3+TB27(HKV:5&0"-R%?@8?'6>RO8?>??O=KNZ\F\[) M)ZWKR>O`[_KPDM0O9\5?9;1A:?2H[_JA*6JW8/5DG^3G MGJE/6B(<'I>KX7'IH[330W^.YP'1;7_ASX5Q7_Z9GP]0*W_[8W&FM%C"Z"^@ M%ED$AE,O$IA]6'#5#J+M[]@**^$DY7$0!"K*\M"/0Q7*P3W>N*K=CFI*GUS/ MRY^^2N!)",143D,11G)_?H3GC17P=UWSV`OB M`_C&.T"#^L[/\Q[>(P0O?>^!H);TS8>Z?NJ[CPI?^]O_QVJ]>M@]'#KF9$E& MA))AS$(FB&S*B<$(]R.M:RZX3W:L`(,SP*\^$([>E]\=%]C7?_`#/E>Q(P!/ M,%R0`!RNA8@`TOG*QA,#%8+B^Y&1L)E1,#^(&BM)%OJ-YK!P/ZM@5.MN->Z3 M70M![PQ4"&!P-(7`&1>@$/1^S"8$QQ@N"0$*UU*$`.?\&.Y6#TI[_"AUH/@//2DP>G MJ&`*`:/D1"6>T[@@%&AP"]$*O/^5I2?(0#'ZV>1U&DD6A[&O\I2(D.58;?B:BJ1]`?`M4$&@$%S0$!4-; M1?:7J(?RAOFQ3QB5C*24IC03C52-9@(_\2$2`OULQ_IQZ!H`U`PP(SW!<(D' MIA9'_11FFHX\8W%!)[#4%B(2:/W96; M\K9KNM#NIHYS(J:4%'Z>,Q;$H1()5?&^PLF(UCT@NQ8=2TE_?$'S"^,2K)[2 M3,\4IC^]?][>06_PL"?\6^?DO^:2)BUX%P3++OR%R)CEH"J7SRM0\E3Y:?O[ MNMYNNF--5ZMU^?NV?*C;0Z&-I9SX21A(193RP_TTCJ412.2P-AS+6NN6=_#+ M^ZOUS.M<@^H;FJ*>HDT!$*9A.'9.%.L,G`L:98IS(:ID'$9E]RD#*D]W[^Y= M\:.=^5TK$F0JC".:QU$N9)S$Y*!N$0-M"H,^V+'&]-=&'WMG@*("`Z2G),[8 MP.2CQ_+N)2Q.].(8P0610)%:B#+@?*\L/"I&U4=7`I7UMBU]/FR;_]P.)U*+ MS^5UP'T_I3+Q\XR0/))IDAS.H$:^P!(TJF%?>Z&0/OLY:UER"J%WI6!F)A4BI+[(TB5DPOF251QF7>#$$&'$L?:TG7M&YTEZPO6W<-%(^ M"#Z,SCDB9ZAJ'<7>K5D%[$!'6ZX00!)*B7M4?'C=E\:NU]'7>?C8LS M$]`8R9J(L:&$];P_['D_V>V?5=3.\],6.0M#L$C1LQ'711&T!@XIBO]9-[7) M9KOZO_)6K>J;3HU5)JA(22Z9+\*&82K(_M0"XYF!&F*L.9;!(Y>\V\$G(_5# M$<7(GFN8AGIW#%:]"'8"F3O!2UO?3%@O4MB,`KJH:.:HM'JS/)O6/CSNFKGL M\>SV.LLBGD0LB+C($^Z3,$[&]G><$ZK=Z-3+K\%].NP&$SEXA$#%JN_KV^J MA_)C\;U-)?=5O=N4'\OOVZ0)]^_K*`B2.*(!E3Q@?E,32S5T_,I2P1BH3C4R MY%K?.]^\QKFR!I:F9OSTJM+)T,%$_4#-.SCF_=6ZYG6^37W"XQ*G"X6H%;P+ MJ4'MQ%(Y>/Z`NO3AYDMYN[LOW]X=JZ`J-ZNO36+\6M8?VWG\P8TT\W,1$!9F M+,\#0:4_7`3(PL#G:0B1*MNV7>_]#NZVNQ_%3>/@:OO#*]:WWEVQVGA?B_M= M]U=/BE>O_E8\0K7.^ICHR=^%)W>4?>-@K9K4K.IY-`H!>DT]70 M+$1-G8573?.$HS7WPY=B4R9%7=ZFU<-CN:Z[R,$[DRHS%T,_]L%T6A#>R"@Z^C8_'MO=!XM MQ^Z&"ZK0BQ@IO&CW@_2I&Z3C`-IC/HV7WA##J_V0+4G,L>RU]-WYP"Y.\MU' M?#8+3`3;6F*0FTW;':S;;OMQ^"?OBA_MC^2W8G,[^/UGD]O*6[F^S;X_EC?- M'S]6[8_>[K;UMBE95^O/SR(2<<0$C3CW:2!%)//,YT-$(F41J/G/@L.8,!&] MJ=9?._>[.4(?22]\M:M,-.?S82>#_2*/AOW,YQU%[GWZ\>3?#=%[7?BO#LGQ MS\/C-4)H6U:W/V[^U0'$\I.GNV$W2+H+>!9_D62]!%+`)+\$E^''74XM#+:O M>8Y53%D<\3`/_#B1PUGG3$:*@2]B8&PX3JO=IMO!+\2I%A0X_;,LKIDA=H&7 ML55P!LX+QU5,<"Y$,HW#.'$TQ1P+0&S&-;&/_7TSQN,XC[CT$Q8RWKYKGF>$ M"]K\1*@D@(D,[+.=B\OHSE`GP2^;`UGIZHH[3%`]T2?D2$6>H+BH'CAHBU$- MI/L_J84)!H1*)#_>%-M&F+J6@WD212I-LXC*)/;#C$@:[*W)&'@;"F5B,LUX MU4[6>L=PK42Q#*$BX@P?5DL@Y!RKRC$;+7%!P5R!B; M$P9^$`N24.6S4.1I'B=1/MH*"06]K0AE8$*U:;W"=A_%P8,*C2-N>)G11.98 M8PY8M!0&07%Q^H*)X:RZH('H[[Y\*QZ'YEZ13',5*AI&84X(5\Q/]O42$R(& M[8;H?ZSSXY?'1V5:OVIL`T$(*\V=`3>8@"OUC1-S=?H[`+BT9@VGM!!9P'C^ M?$T7&[RV!"1%\SC)JS?3D3^QS4 M?@]MQ+$\#'YYG6/>Z!EN5H,'J:<6DS"$:0<2GQ,M.8?G@K(8$UV(SIC'45E^ MU"QHT%#XY%3EOD_R/"`LCGU*F8A'BPG)0*]J-#`SDP[A)CTF./%:Y("D'36: M9QIT'A%0D8!<%ZQ)T$@T5`D%1^N.LKSIKC^/[0>+]6WSD\VN[/;$UW59#V49 MEY3$I"&4"1J+0&;)89TYC'PM@;)IS[%2C6Z.G3.[HSB#I][H*G2*997W906; M"S5,RI9/6?^*\QRT<1>=;5'7N?"L2>5$KG#!=`&7GZV'5+E[!%$7H;N.C5U; MZ^.*.N62^3Y-?=XDKX1*$JEP-$G\G,'O0>/L.%^'ZR[T[GTSG&L;$=4K<:>" M"4L,>(X.KT6?A'2ARK6!=B%EKI503MZ)MH''5*'&ZIHPY>>OL!N:2'RZHN2: M'%2,P-`<:=`)+A>UQX3C8C3'*(B?M,8<">+TU=7^;40T;(HOI<)8Y2P/`T*" M:"]G)(]!%T((+T12C$,X> MN<+B`-KAZZ=]^T+GF=3\CBQ@YG6,TS.6)D*?2L?91WY.DKK]AJ MP7=:).F`U*B=K(['0N3/36QG*BT'`!$%V*&):?WO9E9Y5=7U^_*F^KQNVU7_ MOGZ[_5)NVOO.F_)+4Q=VO]!.2K.[N[+M/5&^:SM;5^LWY?8Z#1E70B2Q]/.4 MR21+A=H?U6<9\KK.A`ZZWN7MWWET\-XK:N^)Z]ZPNO-;&^6_T+7AE&,*+2X7 M.ISHZO0HGE=>&]$P>,?#W/RPB^O28+_R]B%Z0XROO";*V2I>>P.E53+/\%PL M).G,R^!LT3[;@""2V.C@V_71/8_&4IH$).(QUP.ADD4*M#U"W-K MTZ27ZNZ"#&7%9KU:?X8VDK5`&IHGIH",%?VG0E^MO>._FE.SST#3$F!3X(M3 M4^.`SDJC'53Z]\EVG^KRO[M&B;.OS7_ZF_@L20F3*LO]QJ2O>!I%?D:D3(*( M4RY@??8P!ARKV<$GKW,*V5,#QTY/K)QC@^D3G)B;ZV M7TXS!Z)U%/O=IGHL-]L?\N:_NU6]ZKN4KMLW5#U6P_]MK\KV-U2"7"GN-]5: MYDL9<)^3J#>?Q$00K253VS8=Z\_HJG?L:W=V]=C;\5(XY+B==?B7U6I.[C`! M^X60ZQ_4G@L][K"VU2'0.;$-P',BB;@"O("3VT["JMP^E_:SSW#4B619FD0Q M92FG0@@2D8`-#HA0AL1R_M&TNJ@,!#M*Z6`(K&4A!_1=YJ'9P5O/10X&8(IL M!#W^:I*/SIYN=8?YU\E)T,#@60F%3B\O%9N_Z]5M^>?J_K[X7+ZI-MLOPUFX M7.;-I"OF89"W?PP"$L:-M22.2:84U=K>-#3A.N,,GGF#:U[G&^9&I`E&C40R M#4%@UE@$/$`RF`8B4OFQ,+4T_FSDYP3='-42U-M"%)75YP>ORQ^JW=Y:PH/V M-9:<16'SX7D0$T5::YEJO$CT7F%F:&)J7>Y\LR`M((Q@779%T%"79X&'UF57 M$"WILBY,A"X?1:ZGRQA4R]-E5!3G=1D/!;T_V?QVMVP4)%G$1,Y9DM!,!8$O M?3EN6N1!F)EL4>K:F'J7LG4,=_L>31&W6>D"H.%^I1:[2?8L!SB`;4LHSH7N M7(+#>&'S$H?%1'F&I0%?QE'.`YY3$ON9SQ)*T]$@)P+4`01O91[UP=VJ-V") M5B`'&*UHT#PWZ<\"@ND0$.IRE0@:R,M:A$*#5:.Q_5$DS\%-<]/4&R'&96@,-XK+. MH)!@->9J?[-6"D*B3,9QSD13;?EOUQD27J3Z(."X+$!:,M@8-[[:M/U;=-NVF?%\6]UG=MBFZ MSA@5$0M9'BFB9,+3S%>]R9@JY6LMQMNPXWQ%OG>M?4UVT3OG/0Y[UT`A,J*I MIT53@80NS!\8#GYYK6->[]G$@G2!T05-LD%V(;)D)93*_H,'%*;ZNU5_]WU_S9NRO++?0..9B>G@"Y!`<3G<83;W3%:WV96&:>D;@@+5AF M"Y$3M/N5G4<'<1;Y7=D\,XVIS^7;FYO=XZJ\;2JH-&*<9;'OYY*QP,^"P9JD M0K/MH:$)UY7,>,;R<>^:5PV^(UI`)\0'KEY'.%)AS6L*1`@M1G#B5:PP%VSI;?JJWF^)F>YT$)(FRB$[$Y.?VCK_-3HUC,2B_94Y3*W>EU_+]:[M2+"W&;0-[D/9?#_]E!!%!8GCT2;U`U`C%"-# M4U4SF]XU:*,3,XAZXC,9/Y@"'2V]>(-C73.3^93H$J@+O6P>^C^;O#I6H4LCWD[O6.2I(P&(N6C M(YD?AA#)LF_=L8YU4]Y[K(HY@*TG;?-RANG=WE>O=_:5][P&>^4-'O?_8E3% MB540S/2"-+H;GX7HI<,`JZD>=<#*U<=R7:RW[\O5PZ==HS%=F;F^[5KSC59I MK`03*@@#E;`DSV,A_<%J&C*IW;K%@BG'FMFWV`1*IBV*+Z]A30P0)H:]<]X3 M[[J+UCW4%Y7/"5/]U:V)V>)6N?08__,?__Q'(R;WN]NR]K;]KVR.?Z5N^S@6 M-S>-EG8O9OZVVG[QFD]H]Y^_KNKNBGQUU_YDM>DVATJO^+PIAXRV_;*JO?*^ M-[XI'QM_N\\L[N^K;]VFR,V78O.YL7V[:W[1:R*XO6],>:W6>JOMZ-/K)ELV MO[\M5O=>W4A^_UK/ZNYNU;CT:;>ZOVTSZ_V06>^JC5=^+QX>[YLYQ>F@'HH? MWDWUM0&Q:L\N>/7NYDO;'WE;?&\_8;<]]%!O##5B^U"M^RVO`9Z%6#(#2%5-G/:P9Q\-;5MO_;;ZL&3_U8WJSN5GV'S)9D8[-:5P\_7ILM M/K[\5)Y9A+3X."]@,=)F-)63[[R%E9;K(`_"*,^3C.=)$#9_.&3W5)"`7F^K MIJ+'K["\:`"47?>^Z*M7^RO[,RXVUU=>1H=?5[%*SRA()>OX>W,M7B[9C1 ML<'S`Y0VGY+#+&(=WJ<^U8'N6C\Z2!)KI0E3'0B#GEA@,T6CK3UK5V[=W MX]?P??E8K#9M^Z4_BM6ZJ]IORFM?*E\QKL(@#T.1$!%DR6@ZD@STDA<;]J;2 MI*H?C';2T`D7*"F,]N9H:+TRX6N_:B>J>\.!@Q_+:2Y]R-H0WLJT"T2F>.L<\D3X5H MJBBJ"(_2)%>C8QW;KGGDN>>TEQF2A.6OA4)U(&3#F=8TQ&MX39-EV_Q!WBU3%)JKCU[.>\ MI):WU&*R>2S*@EECUZWUM9P7(>+C`-L$1UX8!+2>LUNSB>TZ@=!^\ZFV-&M9 M!Z_I>-D+@()R-IE3/C&;DTXQ*3ME\B6VA89Y%Z@:T3!5)!NB8,KC-T+&N)")?HLS7K5`^G M'S8*2I,P4WQ*I),D,>$9^%FF5GI%Q(BHR%)FB(9(PW^S#W4*#0(*\4R-L&68 M[5Z(WFQS?=-SLW-<"W%VU;I(VJB2J:/<&'53Z-(;Q5--%]]N+/8&K"G0>JE-$]].X]!" M28R@`\/4B:S>B)W:$<^+/[DGS_*RKSJ=71?9'"1.U+@TZ>=(3(1FIT=@JY16 MFB1W1KVEBVV#:C]^.#OMV?^6)M2QJ87CSXI7E7WSTT(H+5^!,M]/W1?T.@3O M*/^T4)FPZT<>?*6BM0KH=ILD"(4/JW)?E(>B?+CNEWONTOR^JO./U6YW7;;W MD%)$]\ENESE_`.VPU*&Y6K"S2!U!>%PVFM(Z]+[8KXA/ M$H23$`4H">V0CA]1T)M+L.=)S6')F9IGWNJF/U>@V<8O(=>3&>6=E]+(XI04 M>;)\'/S4H1I9@J;Q5,K8K+4$OJQ)[1-KT4S54*Y;-<5)!<8U;,,ZCQ=8TN@%)!LB%@I<>7UTB=E M]`B63LSHN?)N%4,OBN+`BNR`V!!'H>7"SK+;:A?_EA@%YI:>")&JI*81+%)4 MS<:M5'W525G#[A$A.$($R7Y?%W>']M:/?05NLIJ.B!6XT/;MBTK00ET;63%8;^DU,4I1B(*)_!8S4K& M#H266J`@P@R?-&DB14R"&!\O9*@Y1G9[:(Z_NV$OH6A5]5I^/M$>0ALE-;=E M/^M?3\]]X]G`WXCN2)!LB+[((']]?9FL\R*WE1W%ZK29W%8O&TG?1E:1ZR., M'0CCP+4=B-S(]WH@T`Z$CBA0;UWS4/!COMO]`QPU"&2O>E;YLF?U[W9%ZRL- M8>'3M&4C,E'Z#-4Y84Y'Y%!??`Q138T.OKW832N52)EF]B39ZOTIP5>;@,_[E=HI87N9/0@B54J=:Y!89 M2[Z@AU>ON&DT48OXP8_IC"`%W!J"L[JD4K6[R>LO7VF#2+-=L1[V1ML^2M,$ MV]"R8LO%$0I"/!@-/;)ZSNN[BK=JFV9+I*N/C*[-#VF3WD MGPZ/=WE]?=]`V%T?]KM]5K)IK@X.*G;K;;4[U/DO[`*'`9WK6C8B."(0>19) M0B]-^HSK81(+G=`Q$R3-LQB]%R!KW0!EXP=[^=K=:[%K'`+5T:.13KUH\/BJ M>0/C)C8,&$+6>0`^#2%KG0`G7H#/.5.,8MMM2%CL<"0UM(\(^,QQ-43GY_:Z M6K0S:+'3ASV(*+02G4D!S[+FG-`.TKZJ>BU?N[U M@$)D*5``,=)_L(XNZ)QD?Y:A<&JW[33D#9:5F\:V'R`[11`ZH#^#C9Z^+*OUG_T^]R/ M@\9\O:7_VJQP&@0D"M/(]2&Q$MN&<;^!TG,BL7N5E1C4WEUW[81]LQ)LTZ$" M3[1Z/QUM@?\%US?@4!;[IF-OJBW]W:[Y6?.]Z)FQ:F+!-[R:/0QB@Z<6'FCP M70T'<.RNCE-6]-,.YNRW?5QF;D0^E1)OB&:J]>G-A1_*"1-1QZWV;=A4!1[A*`(IVGH1VZ4.L1#<6_:BD*A+14J[&G61D@EL=H6 M&[8S['CO>7-_[`OTW2M0<0F<3CBW`L[*M;``ON%R6"[(WC!3OBG2JS/OEI>; M0.*@=5P=E07%''%4Y]);;51,E]@YM>_89TVTQT!ENJC8QMN:7>I,Q;KY]X", MV!1!',$X(;&'48I(X@_32,8"&2/:<'K]W6.^<9$\6_%]+:GY;_"??'+<- M(HKPN3EP:Y?4Q8Z]63C4],\6>>_'RH>VDUC0H?_8=@H3-[3[M]`>S5%"\PH+ MP-.<$([(7Q]VM,YV7\']MOH+?,TW#^SU(8T['1OM"_'+LQ:(ZK2\84A`E>>1 MDW"_WFU]]`YT[H'6/]`Z>)J$#,D\\E&2R$0S-`G#,],<#'!FJMF"H3!S_;/: MLDGVDWWO^9H"9'HZAA?;D`ZN(I@2[%&0T`KC_A@AWPLBH8NM%P.Y6!;+GK-B MRZ8M/MQ7]8?FC(['K/XC;ZYWECD[^@$E. M+F234IWF5O+#)#S=/`BGO5D"H^(5QK#KO-MTSK6CSH^M$$5!8$$71O2_"4[[ M'76^G^)09+/;W-B$4IWX=KF7`BAUY,'LT9K\KF3Q0&EZK_*C',F@.#1R[V:T M-@)#,M%B[O._\YDA#$I>G?/`2A!!(0K\T+=AY$21DT;]HD4?>8G0'A#=6#0/ MH=HC+-[++KH.L]`>O.FOZ.>.VTRO[XU/*OJ2B-*0FI\TU+HKL#!`/?/%D=\5?N$3I(=;U)*_LGIS2_].\JW8K9+`CR*7A`$MG1UL(Q013%P< MAU'L^L02NIY;[,F:J]`&#&!HP.\,S\@:%Q4T\>F0/H;$E$>`'"U:\H*'$?60 MX\L0O9`$7ZEH,H*:T)]QDF^8(%$U:B_>KFO::-H%T^GWXV]NLN_LLP;9$5ZY MN:%M[%/VF*/J,2O*%:'5F._:,(Q)@&'L86@[/59D!T++918!.*-"M8A$-6J9 ML/%)G?$1$U-,_.>AV'\';505U*X+;)SSG; MC[C>-SC99JAF=VA6;HY?-!_]6A;[W;]RMI-T9=.,AC&R+2N&MH]B-W`'&"$A M(4^RT&5;\M=-Z$H2TJX[G`A("(R?R/ M'`O^6QR7CHG6F M1=&9"Y!+;&K)C4C@X<3Q/6\P%X0V%!G]R-K0G+A.8/5=45`+)Y/(-Q:9@S^Q M/"-%G9X[,M[G9F1<,)5-0TK[R6Z\ODI#"2UVV+_A47/ M<:S`3X,`I5:4VI9MH;2WZ+EIS%M+3S2C67THN@\M/,#P@0:@I`ZI(/5R*3PC MGV)J9!J5_)7LC)3*%:T3J>6I3L5\E8EIN@PVWU]?X:G M*%GN[HPCRW4\VTHB#SHH3EPO\NW>N.5$6$#<%5F<0><9TFYSB&)NS4@HJIVJ=#9' M56GFR^%NE_]YH(UV7YW`".TP#<,8^3Y"%H*6%6"K@^'%@6,I23B2MA=//4?< M;%V6%EV4#:]Q%L[9V=83'A,)I=_,#H[R7*C M3R5D\XPU>?@X,[A42J4!HTFU_E2:VIQ@?GC'$DEQ@/S0C3!.26(Y0>P$P\C4 M3[CN2YCP^!ER@!I9DJ&.3^4ULR:NZ\L1)J;M>LZ3SD MU_?_RKX5CX?'E_>P_K+;'?+-KR4ECVT1O*V2AX?9,4J@ MZ_J8!':(C_D`BVBT9B3ZQ;QS@)W0\MBZ<'+%?7>W?=&X`0[,#_!$G\!>?&:] M*]VOQ&1,=P2YLH1!P1-.)R=QZ]"_O>>^]0`T+H";+FZ#%]VOS(J;4)XR*'[2 M"6V&.'(FP&ELGL^4,T7)C)0ZE[/5$AU!9'U>@Z"ZQX]/V^I[GN]^KK-RGV^R MLMG!O_)M#R8Q06F`"7(M.XCA8)+`B'\MWD0[NM?=#5TY[P&"AQ8AH-TX8QA% M5G1-9?5R6IR34+&D=^1RP`9^/G*9S,VEP$JX&3F57/4VB5NNQ6WC')Q;R*:( M.0.2@S)7*O4-2_4A6^=.;_E4E==/[+?M(42_E+M]W;36'OC*BC!V'"L*Z$`Q ML",_@&@8+]+_Y]H49`!,S6DE>37V&G+*3T79?21Z;^F2,1W/2@8@U)?4&L0? M[MZN,C[Q"]Q]!Z>_ZWQK5?F*G5S]H?4/=&=[G7AXUN;77,'A&K\T4.Y&T-Y]/_[D%.T;D,V]1?NO6>?$KIL?/8[:5B&M MDU*2>%&2QFRQ6$A+IQX^3/FNXS8-\TPK19\&1`*5OTD\<8S(3()K=")\F_U` M>T$>>E,OTF+PN3G0I`&_NV7W@)Q^#ZO=_E.U_[]\_SE? M5P\ENQ=R12PW)-!W70M")XV2P`_[@ZN\D'/C]_(H-9=4[![-'@M8GZKFNAJ[ M!\FT6/)-)OP8810KH7J?0.<4.)<'FSF#UK,VW]%,]B)/,L?H;_;@>[X'1]]F MGD/0%J.1*83EVX4A,P@&$%&9UF7GFB9O_CCFW:+:V*L8HH1@.TH,!HQT+7,LX*3/=4>'./P?-Q/H""FFOJ6RI.FB>[=8=H]E%]&^"3@=9H@,V: MS'XG&#JFKZ?$W)!TLXSOJJ:HIP=@^5%2BYM4=?<1^YV]LI/0LETG0+'MACZR M@\@)AZ5!KIL:,722@[[H>.JJ2U7@OJI!?81MRCA+LC4L//C2WQ`,&Y%==0FQ M:4:?>9K1CS52>S>@2PS?IK4L0Y*LJ>S,-=!3$43^T=_Z:[XY;//K>YS5)2T, M=M1\[TNQ3LH-*K8'=C1S@P=T<4M$A M![\WV`$##QKTL]\G*$?RV%A,<]@,R0C:W7P]PIJ%5FZ-_EAEY8YFB7QW6V<; M=J=@\_:+IH>\>&8(=JC8K;?5[E"?@'$\)T(^26.+6,B/W,2W2`,&>XF7B(V) M]"#0/>>V7M=L0])G-DW#A(!^4!W8._(C[N;>=T&IUA0./J%>/A)B,MW@9>,& MBO@*-)B;6+3+%$Y@@R-NJM2+:;04OR,*K3=>ANBS9B>K.;N`H#9_SI^K[3-- M$;#.-\6>9.MB6^R_]\?LHC@-H)LZL>X#."4?KUF6>E2` M_MU'L*6X!!;1RC(V+D(SD24X`]SSQ!`!!DGFW!]9PO@7",]`G-Q:7BD">9;: MON_QF56Q$^DQ8`'K5`\J96U%0%I_*[;;["'_\ND71V%!JB\0FJ!Y6RIB(@L!^+NZJ^V1YVUV5^ M4Q7E_DO^G)>D>,Z[O5ZWU>U?5?,-^_#_\[KJOOBUW.7K0YUO/A9E?GW?3K2@ M0TZ;0=CB[6=;,(X0@=CV(?W#2CWD#:@1@EPW%1D"5?MJP0XGH+]O7KVWT[U7 MX.,OZ?5G\$2=!_;?/>MO[.P_^^^Q_[0>H>Z#Q`C0.`N9,OZ^8Q9PZV7W??,/\'+X^MIZ/7>OIYKFI MMZQ5A(.LR^1'`R(@D&L-0*L_;YO8;GCJ`OW!.5-C&-0J#*A73&*C,K+K"IU' MOJY.2S4[C"P;0^(0W[5\@KTH]7H3$4P%3A<7>Z[F"J6!(SW&$B;I>G:3J\$$H(]QG/$H_6K(4](ND^+\/694743)28*"["D<") M6'JYDCRX2I`SKB.EWCAZ1B,G,&*`3$Y!7REI%J+[@]J"%>5W^Q7V7(QM&%E) MZ*(BKA,@99ZK6R:[P>6&8A'=M2/"SK@RZB9&4!8[3M`H)WIV MR1P)&%EB*$.3(0L*I:"_WJ$B[;[`O1ATA%IMMQGM4MFVV9A85T]YO2_RW0H' M"-EI1%R/Q%9(ZS0K\7N;2>@*7HPQP9!F;3C>.+!^@1`\#1";T\S/?LM[P+D: MUB\77[,2+J8Y1ZY?@@-'=+.2*7ISQDRD3KTZ0X)<_ILSSG-PIIQ31IT!Q9TZ M7]YW$Q/.B,'9HRO'B.+:#&/>F+8]PW]6M MRI[F9-##!,\,YVA2$!`J961?%O\E>!;+`0/%O_44J\@%RBCF3PE+4"V7&910 MSI,A."DYDRA4$VI`OE#N4J6O_8EN63]YP37L;6IO_4NKNJ[^8CN?LB?ZS?[[ M*L'02;S(\WP?A5$2>1:T.@P8DL07VJFNTK#N?/)RJ^35<+7M78\4K#NHHEO4 ME=+/-W&Q&/-B&>;CRR4$9""_O]=T``O@1?+U;$$7(')DAD1+/`R90M'CV^M] MYOH(Y%SY^-8^_O:4E9M\N9%9N>NP2N>ZAZ M)A6F!$%^6F$F_A75O0-:,Z<6SI,I.+F@("H&ZJ)*[S@F&)21*'""7;;%M`KY M+W=7V]PHCJW_"A]NU96;R>WD]VMW?W@(C:9L..&7(-[ MNO?7KP0&.R^V)2%A^DY53W<2A_.<1^+1D71TU.3DH6XVV;)9N)0%40P2'Q(7 M$893&B6I&T9>&"`>X,G&$QI/MO=Z"C!.A\;Y9X]G^H)JKQDY\8Z-H&\F[]$8 M#][42QM)AM22V]Y*6]EWX7H!\WU`0^P1S_60BTG8FX!Q*%5#5^>YEJ.$%^]" MBT@EXUF9I/-+7#;Y&2$3]JF17V^R29'>4I(253(K1*]/E>;9E=19Y=AC@(W8#2*,$@"Y,:I'S`W=4G@@C"DC$FE?X]X MO&5-'%`Y?24HC<,@NLR=5\@)2%,3RHOR)2^;$_"FIYXZ_,F(Z/L.']'2D>S, M0%+'>E`9ZRHJ^95\.O?7(O_]I:$P"'R7`10@SX/\?\@G_D[).0`62F=3:CW= M]L*4*&,M4(V1"TW>SJNK?>!Y=L]C@P+ MIEF=P4!AW*7S)7U'TB4UF-P_Y7=/U7.=-7_C((KLL[AM:-F/7C%(F4M]C*'O M>:[G15&*>X,I"Z3/OXZS8GG@X."<%IUXIWI\3@M01\1&,GI^B)B.3+6!85X\ MR@\!T_&I)_SC>)41^Y,,')%X,ZS-0-@-.5*9[E`*(O["S.TZ^W>VLP4)H'[( M4!0#%'L0A`&FO2TW`-)3`&T#EJ7[U=O0(M/1>"S\OU)-RI*?7E:9-7YTGH MTQ-F31IE%/F8UT?$>#1),]#A\3Y4!GN-@OJR[;JIRD]9N7RZKWXO\X1WI'Q# M5O_*1#%4'L@O\_7.>A*&?NABCY$H@L`E`0O2O74L?0V=09.6%;I#ZK10G1:K MTX%U>K1.!U='?TPR?U[(+T2ZFK1_-WS+CP`7XEUO3##)O\Q`(4_.D:'#`KLS M&$QL>%59[9*C!YR=/8*C$$7,]4/J,QB!B/GQL.$`D73ZRB@C%QM4C(F:+)NZ MPX8%(DT-%)-S.'8HL,"E:?&W*?8:\J[(V&P%7=6/LQ*N18SL0OLM]R@OLU6> M-0?6^W&"!=A/2(1B$J=^[*/4'\8)@&.BL-0^RLX$B^T#/K&@^>*=T5LF'L>K MU(+[9)2J+[G/BTVE9??)6-5?>!_#KN32^RD6CB^^&^%N!L)NS)7*?-=2W$=M M-EFYRIH_;?.',M_<9+_5_7""F,<"%GO4QTG,`N@';%CRQY[2-JJVD2EV45MP MXDW9P7,$/MW-/WTZY?90)V%28PMU)B2J;:!.0N:(_5-=4F6W3X_Y?V+W=#1E M\U!O`WY4AON2TL76FZ+)?LW?;!0$F``7QR!V81B%KHLIBGI;88*E*XQI&["L MUSVNL7N`^@2>5^E)N%-3Z,O3IG+1]03TZ5YUK46CW&W7[WM]1(E'DS0#%1[O M0V6PURBH[S_R)OM4?\KHD(4X_'Z4]Y>^M/G/*:(!A$,`?^/N"")0V]( MH`\B^?5L`Z8L*[)`>.6T&)T6I"-"E@.8.CIC@N'S0CTQN6J2/5M>Y95\8G[U M--T$SS("?YZ,(U)OD,49B+Y);RHK74VK(LF'HLROF_QSO4`4`LJ?23#`'HD8 MPS$9S&`L52]=]]F6I?Y%30F!RFEAZ=7@4&#LO)+;)DM-NB_%DTZ]$CM\&:A9 M(L6;6N&2P=39S>,'KM<+')&$$M_#J0=] MUZ-^Z@VGA`#"2O=7*CS6LF0*)*+NX%H$%>(NNFRYD;]W3H>FTV)IF2$UG>S) M$3`FKO6V]_\=+1A!TDQJN^D@KT;W$(7(:7?)S3>R_+]M41=BF*AO>3=YRNK\ M=E,L\P4&,0F3`"/L!1Z%T`?>D/+L!5BZNMMX2Y8EH@?(I6&/\,IYWF%TG@5( MA=#!`+7G`ZYI6563E8%0\H+0'IYS.SVA\I'9M,3JQ6DC"98)VL[2<"2$,T?? M#`(Z@\Y4-GJ88K#'#2_S?%4S[N1=MLYO'O>1YL)%H1=BZ!$^MA"8Q"#Q^O.% MHZG$)_>/56;YC[??+[+U^M\PXHR M*Y=%^2O'\:58Y:N%Y\<4>FF(8Q^BT(A?*)^_V6ZZVX:,RY*=8M M_[]D]?[SXAOWA=C%'+XW<5Q[DO`3@:V9AII)9&O(F;],+F%1L:\2092ELW]9!"A][S5.]>FL< MEW*"-QF-:GK7PW)Z*OL9^(5DZA1-)U3*"+LS$2DSOE06NI^J1.T"DU\VU?;Y M8]7PKSD%35%N\]4-M]S.%Z[+9?4YOQ/+`&(D%9]95_66=]GA)B+D120*?!R@ M,$@3X"8@'<+)B*!`242.`(<(UQ'YZKFWK M^@[S)75;BE19B3;;0G-48\,>GA)>&V3:T-BDJIOZYO&7JEK5=]5ZM8B"V/=A M"L(444#2D,1IGX(6^K&O'\0;QC&5ZN9?G_.RMJFZZDU@7'ZMLF];AUOP8H+5 MPG<$_OEJ\FNFS8BS=OM]?RJM[ZJ^7(^DUX9NT_QYDR^+]M^D7)'/U:8I_MUM M."<4,QZTNQ0RE/B1FZ"H/T(0IJGO69+P,9`LJ_FUJ-TF3ASNU-R>F(]J%^.Z M/E63V);X0S_:/;I#3^8K]B?H-Z/[)MKW^QL"C'BM/QJ8(]W&P-!+7=HIW0*[ MOD])XA&/)7R2D3)*_6$9)R)2UZE.`./_S0"@S+]QT;=)O?VU\ET[I>?:Z=+: M_HIE,WJNVW3?GX9K>ZJOV^/(5='JM[;OLZ_IXV.^;&X>NZ5WD8/ M[_[>(@0N`W&8)C!"E`+D^]&P"A_'/E24[PF1V5^@^5+4(AX4NZA%M\?69%]U M5FJF;"]IN9]I4RF/`._J/'?%Z7P1"S>['=)=.E][P&08.OB/WW_(]$.#N18Y M/5I7\XB)`9MIO\.:%YM9_>0:)IVE'FP-%H-M\9OZ=MI1D<69K0 MV>H2+X+BM&_(I;IYW!VTRM:WNS,&0TX5#*$?!1YT$9]OAC@*">NFG)B0Q'5E M<]2-V+(GV/M,1_Z^#@"='N'E#L1FANE?281MUF?*HO]5+7@6?NV#U9H M`H,PA,1-4^PFE"+/]WHK;NPG2D7/U!YM>2&$W-VE]W>J=&"CV-2/$8$`24 MI"X%((@!"BE*21@."%"<2%66M6#6LI!\VI?%V%99[\C&=7(1LL@E`(=Q MA!'P&?)Y=^HMXR!2RA$V8&ZB5&#C(GB>1U/B9Y1".Z(W.Z4;I7#2A'\WRB;O MD;*B*9)E1LF6R^WG[5KL$QSF":54+<=#$BC3>[M:.5A@U"I!IE>/-]G55=-1[;1]R"O8UU4T5LC M=,I=>%LUV7J/I2^R$V"KA0H#D"D M7]\6U&%U6?7-8DW6SF\`VR=,3>HNQY7"O;76.=.\L/8(=R(+;KU=Y?P?/[4% MC\N\<1ZJZC?G2[;>OBY]/!1A,.<_;S7-5YUV)NF+WO&6VV7P3 M&[;9YVK+/Y2UQ^[$3QXRCG"9._53SFVNQ./Y3_;/$]BZJSG$GX=ML1;;=O7> MM$BUN'+RH3K;(5`NLG7!%9H/>DWE/.3ML=UC1GLWHYTH#+UEBB&]$E6/Y%R)?X21?UXOQ:=BT\C=CWSKZ*C+PCS4.AZ MJ><%`/!V#@.0],8#D$K=:&'6HN4E"H&N?;.6XA_Y'J=BI&Z(7KG8?'IFU8:H M@=3V'P<0NS6+7@M;F!,'X%+4G0BYS5(_DR#;L%.5S=ZJNIG])2OXU^N<51M1 M$^XN7VXWA2@:MHB1A^(`1WX4)S1B7@!#N+/(8@J4BN.,,&-9X/Z<;7[+&P'- MJ0=04V_J'F7GU`;O>$IG\GJ9\.3UQJ\I;-( M:!S'(,$N9"0%P"41=7MC"4%*99KU+-C.(5LN-R+W>M-.U3O5Z&#R;_4XK]KU M!'$$8KVN?F^G^V+FOJJV#\WC=CW\RM3#\GN$GAJ11S7`3%ZID4Z\'H<-4"*U M*/R7,NNJ)>2K#WE6YTGU^7-1BU.<-8^M/U195VI'6$]A#`$/I,.(Q+Z?Q)#; M'U[P&$F-S89-6GX)#Y`Z:P'56>ZQMB_EFJ-M\[%&GG^0Y^3(\I<%4F>P)F;# MJ\IJ3U2^%S!_SHK5[@`\-WK3/.6;W8CJ>2F.*'(9XK9\%D8T&$;4"$"F=B_@ M"$/6TWE:;$-AO_;-J@0^M2T(,Z3*QBT]+O\H<@>BG6[KL?%XZZI MEK\]56O.2"U6TIMO0T8S\5,^F7<#YH=>3",XE$-N9QRATB$M8T8MAR,?KDE\ M_>'Z_CJ]<\A'ZJ3_^Y?K^[\K*H,YAN6TXR+DJJG+`<0V+NF`7>YHA2QE)Z3) M..LS$2_S?E66N^L(`1Q.;^`$12&FL9^P%/G(!RX;M-93.Y"J\WS;LK:']-\C MQ$R:+77=LD&4OD3-0I?4)$B5P!FJC;(+)X1%CP[EG8G;[)M8H!6%9[M%^P,, MR78C5O#YSSYR+KHO%DD:8,1(%"*$J!]`1.`P04M@HE0`UAH(^_L;W6[&

\ MW^)H-STT;WBPUR"2\[1K2K+Q,J7_>E25K[M=J=[%-\6<8JB*"(1]K#'`$SCP!_L,824+F'0-F)9 M5N_S,N-M\4.?D_5--\%$GT4YK9R$0#4M["$Y??[)`&KJHDA'N#FA;J/IG(EZ MC??C=<$C,\0HU)K^4JSR=.LANX MEIGZC*=(>8W,*#O::V.76Q"36PB39FDF>J$%_?C"EZ+[\D?]1'I4=WA4G+MI MR[O^FI=+81*0%,?("Y$+(Q)Z"%-O6&-#@=J:UA@[EB.9`VC=Z;Y#<*K+ZJ/X ME)..J:A4DY+7++[`-?7!O>,,G1`;$[S.1'R,N/+Z:)XQ>J3%Z=6^H9\0+X4P M00&+/9#2@%$RK/E'KM(M/8J/MBQ!'1I5K5&E1TY>+#*CIBB7SB60SAC09&PF M6J&+OC+2;=1SJQ]S/AWJT@O:T\`WVZ9N^(C#U6A!/4`)"E)$$:4$QB$>,@M< M2D*E(T0C35E6C`&=4S]E_'-7SG^!/P#@.L_99E>(Y#G?=#_\HX/`%0#MG]W' MG6S;/%4;D27_1Z>LRMPIZEKL#[5IVGLW=\5'_F?+/P'!E2,..;2?H?DR__S` M+4"W_:ZOGL\]JB'EM&S"-E33MGWSMFO+S26L- MJ3Z)Y&WX4A.O6](O,(4\).7,O%&+OYE(GC[^=V:((XB03]):K=I""]GZ-BM6 MUV62/1=-MCXPO_`!`P&!%`08\[>=IC#NPT^7)%!IJFC`G.W$JP&A(XX0_5R4 MSK(#J9IM98!9.=&9F%0U&3K@4Z`35?5V^*Z<0XF:.H/J+&>GO\)]-DJ22@#K5C#_?4K\OTZS*OZYO'CWG378VZB..8(!IC$!$8X=CW282' MJ!%[J485;9/FI=Y/P]6S'XMEH7J/BE'*)=5O:IIU$TGW=;!?)'AP0>R`BKB7 M0]W=+3U]1JDLBZ>32(VWQ5P4TH9K;U-%+=&GHYGMF6DNT\^;_"DO:S[-VE\C M?;P.&EG]:]M5T.58;Q[OLZ\+EL`@95$80!C$:>!2'[H#5$#5;K*[`#[;$>>! M-'15'9:'3CEK[H^^#$_7BLIR/LLDJDGU(9@?^L/UI.FBK/9L5U,YMYE(#YW\DN?7-)U0 MS!&!2X*] M'5>I8K_RPRU'I")1NBH;_NMKL253[&")J6J]?:B+59%M5%5&G4`YC;'*G06% M><5M#WMBR7G-V@G!T29X)G*CC[\RU--&1S;7Y>Z2F5M1C;$J#_O4??6R1PWH M*!<_E":N3\,H"CWHN5XZ+*JB%(Z+AJQ`FB2",A0CV6D3W;CJXLTQ7BFOG,$) M9^?%3,73#/U*,9[5]IV)4$_M]=E8<@+2C56D6T0@X<-/XK$H((A13-%0+<#U MO2C5/&ZF9VP2(3\X@]9F"&D)^WA>Y21[4DK5Q/C]NG,S*S9W0BV-43L3'33G MCV)1.46B-!/-[]HDP2X1;9&DS,4)#CWJ(8I=$/@`(N`AF$*<^@G13S)7,C-Y M@ODN4W*7`_ECT>=:_C0J]5N-6CGAFHA5-N-QAJ0SO;5HG8E< MF?#D9(;W"')&2=1A4CD,($110).0)K'ON31RH]XL!BD:JU,JMBXE5H=9VF85 M2XEI?=FR1;(9[9K+<94W7"FJF`[+,Y8R+7-GWAVJZ:[:>#*Q(_YJI)WE:;27('9"8MI+CM\;)Q6MR\`03R*Z?%WC;3 M@/Z@G9Q_WK=_"3>;&I/1*W6;YOUF6S>Y MR"3DDE1\R;N196\R`3"DE-&4V\;01?]A[]IZ&\>Q]/L`\Q_XV`VD&KI0E+1O MHDCU!.BNU%:G9['H!T.QY40[CF1(=JIJ?_V2NMG.12$E4E(&VP]=58DM?N<[ M.A\/;X=V"%'=KT!(+5LH*571CF:1_K7@18C!;0X:H*+[NY5PV*^P4],GIZ`- M,M!!:T?/?PD)HWHR-_GZR+>[QGR!<#&D7J!22^[?__;WO]T^)+Q*[7J7E\>B MOE/YT'R7'UU(LK)J^%.1U#OCJPM@JX_5:W2?[N*R^O'ILU?@VT.Z?@"/\0^0 M5NNN%TVP#G.?[U)>(.OJXGM@STP`F^00ISOV*W[1\[K^!?M*W=JS=M+.NHM" MNU>7V.*"Q>A]4M=@.^0@OV,M9.`^SYLJO652/*5K#F?3SN='V\L>/("&%3GL_[;I^L@)(;3#NDW'L4U#KJ+_F(8F M'/1P=(/',T,XE!VP:*9O^(B$`UO2,.,E44+CB!'\+FZ@,,:6-T<"HPD:($Z_ MQX?FA-#-]K<\N[]-BL=7<)AF9"(<4!I9AFU=93^NBW`?D\W-/BGBIJ(`/\OY!QL@5B,4'+/06+.<-4GX M10FGDBVD&X*=I;*1X6/;=@+'CCS3,Y@A)*HGAE`043Q0I9>#?T*ASVN+LGM> MS.ZX:T;)^X+_O)*C]2XNRW2;\B%I68V(6S+:[S(VAN>[B^%#/2)LO/& M7E`;?'Y:XMQF<#+ZJJT^T-E]!1K+065ZO29TJL]U9OV2.KW)/"TVO%C<>[>X MKG>!%+T]&%H>5LF#(6VW9/>4 M_,ZL>RA7KA.&-L'4Q<1#MF$9Q'7JK`09`0RDBGSK1:*Y4^:3I+)'1_0R+]8A M+H=TN:[MWW_(5]JAKP0#;H0-#Q+?$8[/%XAER-_5J`:!?K)%. ML1;F68-&ZZ!X$FGFP)DTYTL6Y(9<53HLZZN/*+_2-HY1W6&$:A1;]J8F*]M! MM@_]R#61Y9&0NCZ$+1K",GJ]N6L'"V^`TC5)[\1BY:50S#$5A#Y/A-^AB)@J7<+QL=!I%5]A1#H M%U]/M_B*,:U)>Y63/)WT(Q4"!5:40; M",W:>_N0%$G,$>E38$G6E8NP/L+UZW#EFH\@Q1((\T,[AFCR& M6&%9KDZ_?HE_\,U-*\<,/>*;@1\8(0PH8;DW[F:9'0IE2F9*/5A*/@>6QYPX M*,_M[PFT030M)'B&8<\5O">R>X+3^RS=INLX.S2GOJL:MO7QR=.&)!2$Q*$1 M=0B*,+(\-OJL=R03/_!#6RK34-2D[IVW)Y3@!!.T.&6WT2JB62RUF(%AN43B M'7(%3VCKV4LJQ%W?]D^UY"]$T%1;]7R3I0[2Q$60G[_%_"QW>'8L.SB=RL8_ M3A_Y4JXV-SLJ[V>=8V&Z^Q+4J3YYMBM#,2<%S59K='3-)V'\EZ?T#"\.`Q75\GU2_)/$AB>*T M^&>\.R8K`P8.#7W7MR(,#0L:[+_6#(>8UISR-A[]1-)W4KX6\J<&<_T;P%$# M#AM4N#NIK`1QD^]V<5&"?5+4XOBQM?%=KTVFF^K>GW]+355(CU:]5>U&.2V^ M>]^,NS?,J%.@UHP.KKD*+!M2B%'HD!"9E!#67S1X*;$L*#4*GPND[G%[K:PU MO"M07__"__7IF9C*CN!G<:RT!E MVA5HC+MJW@>^*EP;>"7T)NCK-C5XZKW^<\8B?LFF_.L M-]N7=P(%=^6AB->'E6M2%X406R9"T"4.-$UD0"OR#)=$"W@.I0H2:52S]%027J7'KVZ<_O. MXNY`QI:F))+HWY*,(20,N=KE]^3Q+BE6R#,BWPAMTXXLSPI)%`2X:2CR?.(/ MO,]%\.F:%:*]=*0I1UR#FCH.7K#2$PK#&5Q(-(PPX.V+1`91(1P3I_HK7^*4 MY<]AO$\/\:YI%#H.,EC_;$)J$.A8!@FBME$;A5)GYL>UI#E6S@HZ<72?KC/0 MX!,('!W$BG6WTW$JU_L^IS.5H5.+#O4RU:-):AA>B#XI,B;7\1+*ZM9Z?7P\ M5I7RR7E%^NN,?E\G97FS_9PA@L;.J9%Q2[64F7%,!SOL_!\HG7&BZ?*V&`VWJ#<^FB M+*E]6JG-04O13WT&/M=4S50.T=F;PT-2\-G9(GE(LC)]2BX`D`A#1"A3=^*9 M;@@Q,H,.0.BB@?HZLM4)=;5""BZ@ML']TV]Y6?ZL0'''^D!::2>D?[C"JF!> MM[KV$RFFJHJQ8=M& MZ'I2":C4@S5K8+VSH)IF>K'L,TSPY&@3TS1MC,G)5@UC+CTZ)Z%'<@9QM1!5 M&8;]^=WCPPF0.%67\6K)S#;VH?OKC$5>4K9MFEX4090A02CXV-]K= M#?,E+ZH-O8=Z+KNZYBU_/9=989LICQ$BW_=LPX)FZ+FG+,:SG-6^VN3+E*LX MB&88DP"3D8;G-@BK!$[NTRSC*7YSE<[5Y'VM"C)[^^=)O;40K9C:ZA=YP`RD M#]FZ5^]GNSD>RD.<<7BKT*(^,2R3Y2V$Y2?0L]U.S6QH4'F]&-77L7X%B"A"/MSRRM*HRQ-S)C4O"0[MO8#AYY.9*5 M%P;(LJF/0N2XKAVY+,KK=CW#)Z8I'VVCFYPQXHX<^^0!]QYC/4&GC.R%!)XZ M>W)-;^60)/JZ+(_)AAP+WOW6;VPE`&&>/3$PK#>^V58`5ZYCA3[T0V1Y$>+W M)!.G0Q%Z1&I547'3FB?IZ/?U`S\=R#=299>3WVD[^7WSI8[0ZH;@=;TAONXD MQ4KI3.(AT4F_V9PC.R'(@((:*:BA=F>-VTI')[S<>Q7B.48QPG2^-UI1[Y>% MR*LNZUX;?>@B<:ST5B>)7X+`$?6#"$+'^L'=^%1F!3XV(1I0Z3/:A&1*K!4,C0^I^%3T(-*>\ M'&\U]&1AW*2QQXR]E6#3``;%&6*P9U_6E><.=Y*"='<2_ZC/>EO8X!PWX,"7 M(__,,R_)\L2QY`B#:4^8!XBTHV%.XJ5^U%^8?5=)=)]`]NEV= MX+O9@LJ$!7EKDZ^/_'M5%:V/XK4+T,+>JUW$8ZIR8UJ[<5.[\?"0@'K&'W!! M!W%OID2^7G_Y^0ID257(:LT-!(>\?F3UJ#IL?P$@Z'M.O-OEW\KJ"_6"*G]: M]?4*(7MB^YWN*278Q^F&_XI][I'7\N.?9T_D>WW8L"U+OM4PRI.E%Q_Z13B# M8$[G:8%C(-NHDH+Q;\$KF<&$K];,Z<&4EN:3QZW*<=WGY%OUJW*%(L=QD6\; M3F!ZH>6YO+9)TSIA_U8VD!-O>;`0TC MXD2H/77F&0Z5/6"AHL6%*:3"-00)UL>O'>@A7/F:P=(D\9*[@4L$\MPO6Q"' M&B6Q)#"4,CDY_)KLV:OZP(L[OU3DE>=:#O*HA2PG<`DE5NBCMF63&M8J2^[Y M(?];24D/IU>+X`*!RJ)XPOA'%LCCB2=`DIG(#H$3IXAN[U!'$.!>RE M[#WY4\/WDK1/D46O"9]*LI2H7GTG"_;]$'O0-2&FEH<,(Z!!)[<&]16+GEBC MLVN>0IT3I'F\S"FD5H_*S7+YQWN$#=0X.;(_@,1)&B2A<$.H4C,3^/K]5O6] M@,0C-@HQI6RT[85&&!K0ZP0W"M7-#8X!H7DL?'Z1S_K\PA]-LX*C_*%@GG`J M5ZB?.7SK:B9^0R%#OXRQ\[LD#YU@5.&W)4FP5CME)B'5$:MD6K(/3F@0Z&)> ME!X&U`[]T(VZ+2>^!5U5$Y5C,,PDUPJG*$=Y8/RDY53D*Y_&_!#Z_![%`V<[ M53AMV>JLSDR)&5%UM`IK\^]IEA?5D?SZ:$5;YR-B1%W4AW[K7/X_ZH/]*Q.; MID&B")F.34P<0,,@'3Z$HP&3"I-AFV;NX0*RI(!/YR8Q15^6:U16-;P"K2WU MOJ[+&ON''+Q5#;&Q:&+=5^6(GHY@8WNY\YB"3[#O>JGS-"Z,3UJL] ML>[K*2G_\QCOTNT/ABLH_Y%L[I,2)]N\2&[C[RO?P@C;E)K(-8*(4!BYW121 MC2*I4NY_=X9*`Y"YEFX*G=C;J.RP>PW>7?P`.' M+]F33.$TL3YD8?Z2ZSW>O1B`]R.=#>!D!(A+4)MQ!>XJ0P"S9.)>8SSU/?W% MA'Y=2$\QI<7Y;$$D>[_+4YSN>$6O*"_^B'?)'\F:C7<.:5*&E:9=\TW#)\7C M?16#]VN<9AQ[M:&8HT.>$6`/$XQX<73D(1K2[IBHZ9I2E[],`VG.7F(;I\6I MJXA;@S\Q9W\JF*WX!3Y M-CWPEE:6`PU("+1A$$#J^![MSJ>:R()2NYHE'JM9ZWDTIU6'/O5]+AT%/1$Y M@*>%1-40Y,]O?C_NY4Y%B5X(6&KQA:9,L=R!*DK<^S:OF79;A"YQ+%8 MN\3![>$_T[-=*AMFHQN<)]3^_>H;B_*\D(A39X]L?6,YHH1J"?V9Q8^\>V5C MT-_X&AF/_+3D]>;*@+VL>9Q5U0END^\'S$CXU\J&GNO8;!@*;1_1P`B@%3B& MY=C$8&,F#:"#AHZ;HSZAW0/_LW._=RL26HZ9B5ZW5.N,X(9%I6_62(HBG:M-9' M5]].-"4T+R3]5F3,\SUC"BD:,5'].3\D)"W7N[P\%LD)0&2XU9%G'V$K#$Q^ M-Z!?`X"0'PJ4/M*AI%7-TE:#&W)D0PVG8AHV#YUR>O;JA:4<)CCA'):JZ9K2 M?X-#J5G[L7Y8B.!I,.S=N7T]3+5(V=J M&%Z(A"DR)M?Q$DK?F=[6;RVO,Y+<'=B@]Y0\UNIY2B'9+\.D.,1I=EO$FVH; M:9DI1ZO@OY9E)H&1'QB`=K:?5](XQ\&96;#:1F@7QU7":IC_,Y4$Q: M/X3OY%3YS"2^'9,;5'>;,.X?(AX@?S@KCP4\?JPPB:$-,"V[UD00].C MGFU$[$^?&BYT3?%*@R/:T#D:;F#Q.5,.#%3(P%\MMNF'OV_SU#OB54#O0N)9 MC2TOQK7*"!*.J\_)@;?UIU?`L3SPV#%HD16E)'=30TKSFG"]MCF65]<#QOH8*XP_H?DCF>#B>( M2=[,_,L)(=\E7]'?PN4WF/S$$;,T[6?0@08GU/.)I#RS/=*IT4T+$52=%N:3 MO?/2@_/V#"<_ZQ_F&6O^R!`T4/*L7/F>%T641#ZA!HPBQ\,6[60_\J7$5D%S MFL7U=`ZF%M=UA['5V=Z:*II&3>^QUCO^44;Y0@)5I44OQB2*R1(_Q+SYGV,S M&KK-OR:'_+96[/7-T95!UCOJBG MP7_]87(\'5[JZ4QF?2D6TOW,R\'S4]/S.T2XBR/)GBEL6O6C[.^[I#JCEFV" M>G=DO?77L"("B6\'+-=U#,>VK%/WZOHXE.FRE#2HN0LZQUA-\<=GX"2[$S4$ MBW4/DW,K)_?G\'B!I`9@Q7`@Q+`6N19AK4=^E9*^$#E5:U.N\2V5S>C/VKC9 M1FD6,VW.[JN]W@P"7[G@9Y3*%;(]IJL&MDS+-6Q$;#\@;?N!;Q.I+%U5H[HS M[S.-.HA;J`R\J7?MLDO1?*8'A]7=N@8AN\$7H!)`%T:8=0N M-7D>1'BX)`YI;6(MS/)#PB]3_U'M\]@T8$?)X2".A^B@;GK'"6"UCZ:%!WYJ M`/9<0S.!]+W"F+#FC6%[D6(WRJ!>E1M/U:AS=FV=,OJ]*=%2E=.\?8BSV^1Q MGQ=Q\>/Z<1^G13647V''-0W'L1TC##W3=G&$O189P:[7UK@74\`)``G%\&5A M>SF1K$H/\BOTXOKDGHKJDE,X2DQ$E^(A=6?_KBZ+179&@+J>\8&9`3H[P)DA M"S@A*,=\CUI/Z-:%R/F4%@L<2-1*MG"'T**XR5@/M,_+M.Z2ZAV,*\R2;&H1 MA*AO!+[ONY;=3C]XT+!M.:T?UY9V&?^MJ2-:&]E255@&-J%9C%1=-#F0/S$YFH`Z.2%ZZP[(J<]= MO,I+C_:,)'(AJC/6BN>G+%20(K/%M[K,J[W4ZSJK!D&G#2!5`L8K4:7Q7;JK MQDV?DT.W&\2P`F*[;F1@$X4((^2$_O]U=VW+;>-(]%?X-IDJ9XKWRR-(D#6N MRL:N)#.O*MJB+>[*I(:2[.3O%Q>"HFU9`@B`PNZ+(]LQT7V:.$`W&MU,K*!P MA2JIZ)9%,W?13@3D2N8H_>_@MJP/4HNF`FJW$A_QF60@,89DDEN?F.R_8SO1 M<-,H:>]@K9$*M)O)Q;+X)%$_G?T]BST-(>K9U'V?-SXCS!+4#ROB>;\J3^UE M<1A$61$X$/@@1B,GT>!ZXSV3>$-=-0-/B$9-Z):;;]$K]D(IH;S_9U_3R`3R MF*G$TD0^"?.I=*T-9Y6DS(2T1E)>G'*/("=$K#+(&TN?4DJ=)4EYR"2HD'GX MB)4)67^K[JOZ&9\?;!'K_Y3?J0BXZLRO:S2]"AEAZDTJ1U[E73)A"4FH!O:D;P7)\X36`H1J`J; M&$ND2I0[2ZCJ(.3JA?!>`,Y:UPL`(\<)/3MR81PD$:Z,.`@#G=@1(%B]@LQ# MM.,*\6O"`/<'>04*\VLTR&FF-<`(*AE7I&*_&>;A;Z!@AIFF=5+XL<+M:9G) MEH/)EOL.!W<0Y:&=R0;K@KZC'82P.?'/]R.3WO7=@7`>6=O@"YR/]7/5X([I M[V8?#>P-MQ+^0.;]\N;_T-]895?UGY"(>W*;X>X7&1O1[[;M\,72MJL?ZP87 MVRS[H5[JW0K]`?(V*_0%[;-VJ[I;6IN2I#^0T0^/^(T*2,*.C_0NZZK<62_M M?KW$>X?V$#V2KG^739EU=H7$>R_45VYXB M>:Z0O=$:_X+3@/!W&_1^T$\8T*YZK''D93<8[_<>R'J]1O`):OE..&3HEU5] MO[*V>_2%:KBAUN MB0B: MC^.'N!B[*]>'*$G,DM&TLOBDG#%D`Y6SV4%MQ/)V9!D631Y)?G%VYH%W4A!3 MB;V,96>U6G*'-16"*L'._?627^ST:A'X:0QM$,$P"ETOB<(T9+GK2>$40NU6 M%`RGF75_5$V);/$;NW?W2]U)N3BR4VE5*ZA**)1).!R67YPKWV(FQ(N3`3>6 M`Z=K=);O),'24'I[$4>>$\<9C),HCUPO"R.[8!)D'J[(T.[*-1_'*1Q6B.L& M";GGYE?>RH_:RFV?!YZ/`B^$N1@53BBO;6Q-[1/LJ,$6AK"D#LTFU\X6!(^; M-3F')]4F2`'A:CFJ'^PEKN/'?A3$19'$80+\G`41$COW@,AF4:\DFO>11[GU MTYY-]F,L2TZ"1LIPE>2^A`WY.-D<\XG1M"!%7UEC#:P;#IMIX6XIN$_0^3QF M-(3A9U*VO<1,4;-[IGVMCE?6=?/0=:+8SR,_\GW@>WG$3OB2-$@B!8UK9(;7 MS/AO&]?43%3UC6NDC""UHYX+?Z4[ZT%H(XJ:BR,KOME6829#*%FGAGR;;W5@ M\A?V*'_U5<\!OK/35=^&WK:+)''B-'2<-,QCUT_L`HW)AH1^Z$W(7)`9;JY< M_>'J$MDG=[BQ5MC0IE\$R88K!ZKM;MYC!D M?R#N1"Z("Y"$,?""+,S]<.1@%WDA-=&F#CK3=%LN^[E&&L=PS#5=&//M5F;" M=5J5G5XV#&4OG?5MU)?^(ID\9P'CXC)9L(UC-&F%/N0U-5!I\-X6T`W0B$D$ M\C#+"U#D=L!N9R=!Y.8*SCZF##O7V44G[2 M(64$J3WT7/@KW4L?>F`9?-)Q`EGQ[;4*,QE"R3HUY-MNJP-3.`Q[\P!K+$NS MW.(+I&WS?=?>_V?AA%'N0]N%$:+\-(N3.!S"(V'JYQ(QV(DCSA.`A?@&=WVW MIT%8<@=PUY+KZKB]`*ZPNFK7Z'T4W2_+PBT6CM4)L5PL%CD@-]T2O>[=+VN0 M\\B MLXO,A\"+_;3(;2=*7<#J(H/8\:$:AA,>]I(T=W-K[9MZ9RFC.''0)_.<'J"U MD-U7-".1EX6>O,8[1B;QY7GO+89BY#?9`N8RX'25SM.@)%P3N)!0[G5?_H;6 M!LGSN`AAZJ:QFP51!L"A%2OP(Y!*D>"$\>9AO_$$K7[>D_+KZ/-#U9WK$:UY M)KY'C&L*2@!MW-R3T>7#22<-D$AGJ/NJ6FX+I.*7MGE$;^?3E[JID!!95RWK MW<+#Q7BR.`U<+_$!C&`>L6,48`=.(M@>2G(TS1$K)B"-5W75<[M^QFO>/9'. M>BCO\3WK7U=64XFV(E:`-.=F8U:0!;<:K_#%TGU&5D*?L'R8WJB$\W>4.HW8 M*593AK8IU*9.H?<-II1"Q4URWZK-0*U?<5OQOH+"(DPS%Z8AC-,D"A&?1G8Z M;&$R-/J$[<3DL>;92AS$>]=C79#/IH/*1V-Z@9S$7J_!(T*QTBXS,]9'X)P@ M*FD\#>$G>3U:Q2_:1`>G:#LT-'K55N6V0A0X#C/Y;I)&7I$!+W=@5(1VR@H= M`)@%A5@S7`4#3B`G85[J!<-3:QR_GAK6D8%7+*JC&U>YH`ZN$/L:70."UQ]# MQN%`*L#;$"Y3J=$'SJ0RL#2D22S<&,"D0'L[.RH2@,N^PD$"+W@Y."(/BR1,@WAPH;TTRF03C-5),G>"\3%>U9M@K-!J?"QL MCL'$B%F0E$U.,.:&6S#!6+T9#>'TF93E2##6!;$0\X-FB?_)_]G7S^4:[^!O M20.7M^41%T4!;#^S`R_TB]#SH9L7K-`KR#W?$]D[*QUXAMWSL>8WB.$)W>,: MR^1#==!D`I>KLP,_=5_$!!.8&D-,/HPDO;*HK-:10JX7H&5>*,^PL'*+&$2Z MZG4[PK&:`)2D5(#V^%WW"U']W^5Z7RU@#F$>0==U(H"H///RC%T8`0EPTP5M MHO5]5W8[&485'5=D'K\547Q*OV5-J]Q9=]5CW>"F3WBG3(;S;HBS2O76()BW;Y<-P]M M]T2C[7Y!*HBWDEKP`G#(EEM$9"7NYR(R=Z)YA1-?Z&<*-R MM5J]KZUPQQR:)W];ULL%>KP3N=#/O33(@0]2NXB&O9(3A6*]<00>K)GIR%PC MUW%PFD%]]F:(`J3X.$L;2&+$Q,2PL!RSMZXY0'""728A90B%3)/]7>.9R0"( MM,]JGZH?Y4^<78:&R4$./3<$*?*9@),E0>8,PZ2"=2%$GSTK)>RP6.(=L<3` MXJ4$?3B)L@*6Q"*B7(897B%QDARF868,/TP4_WUO*@D8A$(?>)>"+URBCX>" M-\WR@[,IZE@,6YG$20K;3]S<@P%(TL!W?%;B'_A)X(D>_FL51O?Y?]L?"(T* MBS5+)35H]-N)_\S(&!--.$?"LM/KQ?B[ZU=V.EJAYJ#"Y?PY6=#/A,!FL:-EV"S3*IMV6ZYN'8K]>XZ:'775?XTSZ48US8'L!A+8? M>"%P$]M)O)`5UTFS(LUY"%[98)H)G,F(PV8/6$K<896).:'8N#J03[/S1?`5 M8U]SH5VV]WL2LL$A&K,@?B4:_T+7(N__KMS6]"9&TS:?R6JW[,7?GK6!59(* MX#CI9;U?XA7Q;E^OEVRAW)%&Q%;]A+/)*WKG8[GO\*]WJPH]:--V9%6EIT)_ M<"^7"&2\!@9VZ-ED!>1%_<@*I]Q@%U[!U.O3:GJS15:@=KTN._"$FXS?/%PW M:,7#]0=NN^JIWC]MZ(4;9"YT05BX81#'GE^PX\,T#G(HE-\@\F#-BQE)'L$3D][" MMFHBEK5OT-N%=J^T*AAB4!I>PS/?VJ`'B*8R"$')F:^@"T7!I`0LAD7EF#OG M8(3`J<2"*4`9$CN:)OO;%('I`'#MJ+^V378FOE1MR40;;F:3R9;W1=Z61=O= M;/YJZMT6<5GL1WD6A%[B.V'DQXY]$,]VN5((YI9I+HIZ52]B*)%'3R#[(J$B M._!9S79^0VZJQ<3H$)_'9!QQ?GR];S`L*U5!#9N_->Q?)AN6?P]OJH&G;>DO M8&B>3;]"D#_P`2YA1@-<@HNHW5YV]@@Z##?(<^W0V,BS757-MGZN:$;!EW:[ M!<]EO<;UII`8W\MU];VZ1[X,::FP_/>>[JR_5LCW^5'^7.1N%L7(I\F]T$^+ M&.*7G,F7AK%0,<[9A-*=<$3KX>(;_F7=6<^,4DJFPV=$(I^W2`MK.Z@AZ*;, M9T`^%\=(VXGM!X@*UBL=K#XQZA-6X_*$ES:[K0WQ\.;7N[WP)%/D65)"O&X*1(=LW>L3'OZLEH_5PH.9G1>>[T>@ M@'D8`B03D\>'`5#A2DH+<:%5XW!!9X7%5.1W3D4)[ARR@QCN.^F3D].9TTQL*-U M=/Q^?4&?T`_9C]"7NW);H9_\%U!+`P04````"`".A`='QA(?S(=L``#6104` M%``<`'=S&UL550)``/,%L55S!;%575X"P`!!"4. M```$.0$``.Q=6W/;NK5^/S/G/_BDS][!_;*G^W1P;3V3G>0DV6W?.+1$QSQ; M%EU2RJ6_OB`ET3=9I&B24M1.9F)+!L"U/GP`%M9:`/_XIV\WL[,O25ZDV?R7 M5_`G\.HLF4^R:3K__,NKWSZ>JX_FXN+5G_[WO__KC_]S?OYW_>'-F1(ODNG9UW1Q??:W:5+\?G:59S=G?\ORW],O\?GYNM;9ZK=9.O_],BZ2 MLV]%^G,QN4YNXC?9)%Y43[Y>+&Y_?OWZZ]>O/WV[S&<_9?GGUP@`_+JN]6R) M\M/YIMAY^=4Y1.<8_O2MF+XZ"_K-BQ;MKTO^_*W\XD'YK[@J#:64KZN_UD6+ M=%O!T"Q\_?=?WWRL5#Q/Y\4BGD^25P&#L[,_YMDL^9!ET5>J\DD7R;3#P'P0LVGX6.V#+]^2"9)P/AREKQ-%D&@ M4JZ?K_/DZI=77XL\H``I8!B4&/QAGR86WV^37UX5ZCB9;;*(TUG1 M@^B/6AI-@T_ESSX4>-A0+_*;;%YDLW1:CD\=STK^?;Q.DD63N(WUAI7N?9P' MH*Z313J)9UU%W=I([W)_7(3_RVGPW96YCN>?D^)B[OZQ3!??]Y"[N9'AY"[" M,^/BVL^RK_NP8F?]0:5]=YODU6I1#B23W=SFR74R+](OR458L6Z2CDJT;;87 MW6QRV31;WR_2VS/?QGFIY)>DW;2[JTIO,I7KXW0Y2]Y=E9_:"[:SW@#2_1HO MEGFZ2).BNZ0-;?0F=:LUZ6G!GIZ?AR6M9$PYDOZ23#\'(U)-PA>5XHU"M:H] MAJ1M.WB?1L:0NV7G[]%&/U*O]POA<6Z^"&O;Q?PJRV^J.;=)V!95>Y'1Q?D\ MX%"\R8KB?9)_O`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`@N1U,EL4FV_*:9V< M`[C.]?K#^NOH3H)"71:+/)[44QP`^5&M69K%E^0;4P?0J%Z:5M?PICZ=)P/S=XCK)[RE@TV(RRXIEGGP* M6.L@QN\[-._47H0($I9Z+8$'E@JL*/`;;(C"N@F;^Y13^>0LRZ=)_LNK@&GX MRU62Y^L5;4?.7D6_Q9.Y(LXG#XG[I.*ZQ.O;*D7H?'*=SJ:;VF7J8H_,R,;' M.FA7#^S7CT?V..-]J_7WPPQ[#)EFA#JO&""8:^04J^"V&`I'_+[#_HGI&;Z( M/B7SL(>Y]_@M0FXM%UD"?2`;A(1*`HF26L&->)(9=-HCKW7G9/UA>&]$M>W> M>Z/DWB#/O@1[[-FNWEDGLL@RQJF#WA!LM2P%WHCLF>PZX:+3[?8^\=Q-@7YF M+C6;95_+!%:?Y39;7BZNEK.GT^N.R:Q=`Q$4'`=UC:.024HD8%356!IO.S() MMV92TP;B&`DU*,:CL&N78;Z-3-O*1YH)S`%BQFDM.37`K`V?H)>SK-$D?H8[ M9.]9Z,F6ZZA)TP.61V#6;?.$_3!6G;'>1YH4SW"'!/)$(94*\>%Y,H3 M![E$0BD#H3C,Q*"*(H#>0L>'!2-K,.,<*^B<@,9:B@C::`,U.:'AVV_G/EZQ M7X+J&.;<7>K#195W6`+Q/L]NDWSQ72W*P%6K=;)M(Q&SRD$+`-.`![M>Q*J(>PD5$%Q+00'QE`0Y-AH+)MGIL&D(&NS- MM#WQ/CC#)I/ES7)6FB`V"1T:9O;[R53[4FY[:Y&%!&OL`RI`:8Z]![9>&KQ7 MC>O^BQUJX[M!#DO%7OJA@R^V"L_>2;::WY]SMV\K&QDFA&/00PV`E<%8-TIL M1+2@.2+0F^]U<*_'"Q>_OB`<8P8JCZV79[W#C_+@TY=X5OD^%B;.\^]AJ_;7 M>+;NGW][3^*,3I#&F"%NW*"GBPG7@+?CQ.4,59K M#8R`V"L'`%32PHU>1M&NEBP[65KT`6,'0_11RG'R3,+Q=@KLUT#D@DT-POK( MI=*$&(V#.C77->TZ5?"3X\2@N(XQA[S/D]LXG;IOM\F\J%/*&E>67=4BA)R0 MED)/@W;$,3)L6<`-$=9=YK8L99<:"X,`(IBRE"`Q`MO-Y(# MKV5''LB3V_B^"+OQ-&E^FL\H<#NS\N,@FOU]GL]`;Q>K6CQ;1@K9-1(JX M8%]!Y@E'VDKLL=9W"RGO&H,ZPE2U06-0`^$]-MOV(U;M@12&2BYL&&O>44() M@+X>0>B4XIC]=_,.'G6#=PS*5/D2[^/O#3F.]XM%A&CN&!84*1]F:2B!`7>( MB*Y&[I&39.\^S'J#<,P]\5K"53):F9MV#P.SS/-56N_;;#Y9?6BQ;=ZWR<@X M)JA7DE-*+6&8*EQ;;@8;?CHK69\$&PGN,0!=IJ16CM/:=>#&T<8"NB33#W!.8I3-_V23I/Y=$/\/6>I-M4C8[3% M4`N/"6`:>R=^3'MT1'"5077HCJU2*U=WDU9TGR7RRFQ4[:D5`.:$IXA1B MJ3BBPJ(:)\I.U:P99'/5'\QC4*FUK^<1.L0HY#`VE'F-@+/,EPE"ZX$E(3Y- MTV40PKP(V9'B":L>J92OTBW>+1?EVVO*UP'MCBCLJ!A9!*RBS%%+K558$YUD*5S>^D;5B=[A>-E.>6!JDIT$*4Z6$>\(TV M#I[2DM03.UZ(X"B>G.FT\H3'L_=Q.KV8F_@V#6;A/,`4MH`) M00"P#NL-=%`9?$*K4D^WHNYN[;)"F*=U=OD\7# ME_1L=P&V;2726BMJM0!282DT(4J*>F85R`V^QQX[,WQPHVD\H&Z9Q2_]Q/@=GF\GQ2.-'8\6*?.\V"%&,`M9_4@9I:HT5(21_5# M#4*X%Z,[!E]^3>=97KV9*0SQ9.?QP,=%(^\M]D)0C0/M/0$,*G:G#>QZ1.(( M4Q4'Y\H+L3W,S!(FS=ER6MWCG%=]N%@9"-4M"5GIH,_FBX!R$.5S"W[U\X#( MAG%%G8'$'K_XL=$Y_EP#$6!T!X_^+)^@]QR<1VLNG\FT];\>EPQ,@H;+("Q MA"I3W@"AV`9(X2WOFC9RA.[U$7GU0I0/Q:>+HECNS:55I<@X#X41'%E$K8"` M$8`W&CIBNN[KC]#E/CJ/.B%\*`YUB0@_J1EAAC&5S!INC28(6@GE1E>1(<0=;JD7M2(3EG$/+PS^*"#>8P'HJ!IAWO6'J"#W>@U*K M?ZA'IM<>)M2.6I$D!!)'69B4<7EM+Z?"USH2U34]X0B/V(]%IQ="?!`:-5I. MS]2(@-9$>J:TD@;3L)X[#3>ZA46^*WV.T,4]+GTZP7L0ZK0SF'95"[M5)SPS M5@.-D0/`$*HW6B(FNMK>1W@H?UP2=<=X1$_@/4C,=3S_G)2Y$P^M:S3B!M;]4\-9U8<%(^BYI-@B`@2C M0A'E.=UH(YUH]&S^D+Z]/GKW23CI!;".$^)<"[A2N,P0"6.[/"'P+=UU9&-G MO<@ICX2%`AI%&-.8(D/6>GJA3%<7WC'39\\.?HXG/<`YWN&,6DR;W<3IKDMO MMY:/I(/*<&D4)!83XJDS&[0\DKBKJ7G,-'E9_VX]G_$R5$>V,']-;BZ3O)U9 MN2H;,0&\!`9#'%!"QGJE=(V.M%TO]CE"EKRP/Y\W'CLA><"T^T:6[*P7$4H9 M"`MUV*,#2VAY^,1O],3=7SMXA!&D?AG3)ZI'EF[?S*A]VXH40))K&B;M\BY& MPADU&YO02]XYZ^H(XTL]LVQ@I(\DS7X?QNUN([)>$V:#E0!*#U'8AC"H:OU- MYP#!$<:>!F-:KPB/$LFL\&HDT?UBD0YB.V8)@MAX[0RGN+8C#1==9Z0C#"3U MRY,7@#@&%;;GF#928U>U"`KO"0^*22\8<\2*L*"OM=24=0UG'V&0J%^J]`CJ MJ.Z=-^D\N0B_MO+IU(4C(C3A2O+R5*[BV!FHZ\%`5'.&XX]C2??MR.F*X1BL M"$M?7MX=;9/5SXOY4]?GA\!PG^5?XWQ7$''/EB+@G442T?(EUN4+K1W#]0[4 M$?*"EVD-S(H.W9F-"=5_CL/<';[0Y8E$8)B4`@-$8)FA5D_#`HWV_K_;)$^S M,AJ6+P:=N@9CUC!G8_;KGA\U`FZ0DQ8@&*8+&Z8%(C"O00X&9='0'O9JJ1L(HAK"3S##*.?8\ M#*:5M@)(V_D`QMX.J%.C6,_`C[8TKS*,[#(O)^15GU0CQ&3S+T&/T,OOKBK= MFI;@U@U%G"(CB30,"<^<1\#2&@DC;%>/PQ%ZID9=9(?J@`-2L4(HXIXKIY31?(.#MFRT'.H@UF5VVE3LI0<./BENKMG]D*1WKW^=Q;N2 M&#JU%WF@I`M=X)VC880&>]>B#2[.=S8$C]#3=A139$_]L)N?6U^9MFNX/"=5 M=:U.]<*N+;Q[>:/!4I'.8$V8E@A![17?Q&P%0$ATS9W8.YG[%*;%T;OCX'/D MV^1K]:?.!F/=0,0\I9Q)#*B"PB#!RTR4M>8V?#Z=A/"CF`6[`G]H`_$%C'M8 M/\)`8VB\D.77"O0CWT?CV(;E=YI/K`,^6T=)$ MMIV5(\$19<(AAJCB-F!K)-MH#!WHFFT&P='>P3DJX_H$_]!T:[IJNK%NI*4T M6A`.B79(,`#"3JL>7L!U3H9M']SX=R1;%^P/;KU5_^M2E3+Y(9D75:?_.<^* MSO;?WUQ:*.O5Z(VM1@9 M8`G790(\40X;:;BO_0`2D.]^'XO/!^JB,0B^ZQYP M&T;MET"'+TGQ?\MXEEY]#RJIXB_)]'-2Z.0JRY/=U\&_O/%((LTT=@XR#I2W MY2OH:QL+,]_56PZ/,(=Y+#:/WBNC',!X]L[ZU94#%Z7;];=Y`'96WMA2#LB@ MV9_C=%ZJW>;5!KT\H#QRI[305K,RC9P)YHRKHV*0=[XD\]\X_'.0GAGG\KKL M*EV\V6WVWA6*$"6`6$LP48HX*H6K(UJ0(=+YDH8CO*IG+&YU1O<_^;=W"9Y, M`L.$Y49KAC"4S.I-E`M:U/U5]WL'>U:):6X^/0EN'J1W?M3T6Z>D#Q8WD99Q MJA7%V&\\(,$B9YWGQKWC/Z?%P1XQ_]&S;SF6"&%>O]U*J7^E/5GN0WQN(B[L+-P&F*CE$1*.'G7,8*ZKI>8'N'9MA%9>P0] M-0;_;1+Z>))6?1]^GR45">;3L(?-%^D_J^]W\+E-]0@@_R_RKG6WC5Q)O\L^ MP"[O%V#_\+H3(#,V,IES@/U#*'8[TQA9RI$EGV2??DG)W7)L2VI1W51;`PP0 MC]WL9GWUD:PBBU666(E55`,%%,B5Q[@'`"&W&43%S M(/V49Z>MOBR;WEXOJOMZ==^9EF^T#=A0`"150FFK"'=>L\:"%H*PW*K=([0_ M1\S'TQ53)`!PLOBK6A^@;<,*FM`!]_WIN&T=4?/YS\GL%_IW\\J`IAX"FNC'&"(BY]EHTB-EH^@]NE/X<\_?W(7-QW95@>R/` MU2R.S&]/56NN[M3#0[67R'O;!1V7%X. M,-YN5-3K42=%0JG>O)6P[VSTS09!"XDQ0\)0@KQ&S"'92L8]SDTU.,((O%&Q MK1=M%#JQ>1$UL381MIBLI^;HG'VL)U_JZ1J=B&F'+<\3WQP`4A9S[H&&S##- MRP8IZE!L@-<(X^[+G.@65&C;&1<1H#5UZ.PJB-WW,?^^M.Q/+1F9O%YWYX_99+.9%366?I/B8.N'9.^N MT9A/9ON2>&6_+RC+(8Q=X\@**N,J!'$K:BH8-_C.Y:4SL*1ZSC-17B^J;Y/Z MUCZIVWU/]G+5C*N#6SUY+PQ$&X*`$AI$="P@4BO=(`.ESTV*\Y[N)I]KZAQ` M/^==XJ\G/]+$G\Y8;VX6J^HYA%EK_;X7!B2D`L())>/2`K77%K-V3!N7N\,^ M0L=H/)0=0#'GH>S3V<"/QJH^BIXO&P=*M+!`<&[!,E3\(I\)[*9A4Q#4VC00.J\O9C"_(TY(J.>/D M^6&=LKFG&V-[7A:08PAR01PGG!!%L..-RRAU]"$O)S:NY(VQ_A`ONUL%*:'0#,)HFT1`)?!1R$9&2UANR,5X-]"' MY,&KZK!]X5Z66[9ZK*;S;]O>'MSK.=@V0(Z4\$HRH3`US!'VS!3Q+C?GW'AW MQ,_"LW[0+Q3!#Q=\/. MY1(/P<'!\#^72_Q&SWMQB3N_-UCA!0,1?<5-ROH$@<0M3B([1^P(-[,+\K2D M2LXX>;87B/IPB?>\+#`?AS.!5#L9G4$8H0"P001!GTO2$2[H)5WB_A`OZ;9< MW35EM!Z>Y1KKX+.\W3!`QAVQ`%D>1YLV0@K6FLQ,D^Q\PN_-8>F%#3L<2B1$ M6*I4#K#3W':H;0`0*T4$]CXE_Y#*&=CL/RD.X.5G5AF$:#W#7G9J:XMQI&[O MBDKLTBPX)SRS&FF!#.7IBD9[35P1KG+/?<<;PW66R>QDX$O/8A_GLZ]1%_Q]^.E#CV+]0%["9I] MJKZUX^*W^;)J`L+VL&M7D\"T058S*[3D+(X?#G1K"I@HZ^!1*Q<\>_4$>LF% MT<\7V^)^G0VP@XT#)$AJCKU1V$'+/0.Z"0]3UM#CW%V4HYW;39F0R(/% M\E*8=AK4ET,Q32%40D2'RVG'`0%P.YE#;XK=$RI3B>:,!#L.Z"*)C%;?ODW7 M:$RF#1H?9G?SQ?U&FQVJOG1[0XCX044Y`X,=/3P:GG,6(*1T7:06-I,_.T'1^U,\8+\(,3I%3D"UE M!B6I4TG*^.,V6&YVN\-EGOXGV/M>UPOAG9//9Y$*=3*_N_&HZ_='F[Z]N]UZ[ZMHT*("IM8!$SU8A M":#$K-G`T<;KX4/,BA&HG*[G@^H@AT3SZ72RV)2@O+K[,(MBI?/ZIT3F#QOQ MJUN[6D0,/E7?4O:@V=?-5L@N,T!S-U5&.'J M>1[2E=--$2^QB3&I;N&>M?3Y8P%[1`VR2#&/&!4"1UNDD4)0EQO*.,+0LN(, MZP'OC"DLBF<.B%<]K/1 M(-P9RK`DD'$B(-C"`5"N!SG"ZEMGF>#.IZH2\]TZ>5!*#;VH_JQF#_5CMXS;%=8$\*5MXXQ%85N!"91":5.%BZ0 MG(5U\XR,__U?+TO>;W[]\K=/[7^&^<^T,"SGLVI1UYRG*SK5\&RO<%:Q'9JDGNM,Q\_O$#CUWI6WZ_NUW][$F>? MD73LNX*EV`O.)%9IZQHC(@UO\'"`#E\)H!C-^J'%2TMG8,`S3)K/55S0EI^J M^O[+*F*Z'E)M4O==!.K6,"!A)9:64&(UUMZG#+%/G3<4J]P2S2/N5+8.@ M6^9^R&L4CES00G1-*?->.^XUH?&'+>&-A"0W6.;X?:W!8_X&F6%ZP+3H*O:4 M_KQ+ZHJ=;0*7PEKJE=&&"1&-?*AE.Q(TNJ"DC7T;/WUA6N24>OX0_?SKQ3SV M>?DCW7&J%\EM^752SY;5>L=_WT'TX=8!*`LLYI823ZG44!*G&YF9RLY0.T+K MI@>]OSQH[AW?LBO6Y\GW)RPZK5C;QX,PD,519IW#!!%KL(;-V#/>X5S7:X2S M3_^LZ0'0HLM54ZR]`:#+*?4D+0+*7="V MSW",ZAGDDA<1#D])+YZ,?H%GSE&,E*?("4:0\XTL<1TO9Q"]8\*4-Y\+6M'H4'!@E;0&&:Z1`$W7H(;EJ@26<[%ZHT`?B&8H M>\.SE`[+;!(B1)FVX0FZNILOUA%!5[-MR'E;=^[9'9L='.GK]8$C";U5T'"G M+31"2KV=6!G,/:`885*"OORN,\)?]([=TU#1T1FXVYMR;T>+X*E7UJ5:AE9Q MR..\:EDC6S3I<@WG[K/6&:KR]NK9]P-L$7]^4L\V?-^4\^A6[7E/JR`YQ@@S M2IA)O@&@#--&1@%([H7-$<8"]LV:_E`M-]VD_NZ:30_.//L:!VF($)(!`9F' MQ@D.L'F2&)_`H^,3";R;]6TP<,O3Z>UT5!WB[8]Y33!(.`BQ4%;$H>4@\>V@ MPM+@W'5NA'=ZAZ58KS"7(-OU8AZ7X]3]/53:/A0`H@9""("RRF!H@>3-OBEV M.ON2V_&9Z=[=7)0-8@D:1(8^N^&Q7"[J+ZMENN3Q>9[B^R.E(W+QJU\[E'TX M^EU!8&J=0\9(AB$R%@M*&CP,9-FATN#RIY^AP2Y.OJ[$"A9Y'47AC&CG(W#, M>]S(`5&V:P://R9[=U/1*4"6((2;+&:1LBDQXOH2I9X\U#<=CNCWM@N06JV5 M@R9ZU0`[81EWK9P\VXR&1Y^"/5:++_-W-L_T">TX?+(HR5J(M3@G.6@_O2EH MAK6@P@G@!++4*M7$"2O,#+^@D,6>.'&TSW8*WB6X]Z83T,%/:-R$KLSL]3M! M"VB@P)!B`*V@7"G*MT8I';X2USOG[3FU<;9%^=C%.##GN$G7P:,#3"`EQG#= M>L!`YUIM1P<6E%B#A^%9'[B>@R^VGJZ6U6V&&?>B91"$6!BE1<)SC*16AMJM MK/DK["A)-+0A=QJXHS'EGL3HQ9A[_JZ@@.04`.((9Y+$\45@<\I.,+"YV0[? M@3F7S8P<@^X$S-^)2=>1H3U_*1"!.%*>(*&(Q\HK[%V+I887=!-O*/Z>5R-G M7*J/7Z(#C(:'$M1+CB31BF@KF],TPIW-9=L(XT:'8EL_R)9@S3^K^NN?2>1H M!DV^5K^M[K]4BZN[3=JSJ]7R83F9W491GB389@#Z$$V9+C=N^OE`P,F%\DYX M8PGPBD?TFOU-XKS,ODXQPLQX?1N+9]'`F+A[R,D]ZCW!."4B"M!X"IV,N"/9 M./5$<)";@W:$MF1IXF3R-D-(=2EN<;AUD,1[*YS6G`HL-/+$ MRD9F('CV.?#?("ZW?WA_IE1O!L[@(1F](O&>(L7VI09^MN/Q1D'++CD63GYY M\#""*X61RDOBK+9>T78]M@A>C@$S)`6+*^*.[!1N,=U MQH`'M:@?DAVX+EVQ$?J$=.?Y'PMQ*D`*&!3_@U`;A3ELMI1(U.H%I?HL2;^. MS"^FMW&,A%_FT^1V/+N(LTWS/M!XR/MD<-#$24X8[1V)D!K`97/]D!(FF1V0^'_359+R.J7]B'0Y+5"^YR\%*@&W@C%@L!'Q9^]T$]E- MJ7;E#E_>M?5]7JVC-&=L%+66VX9Y10:@81`6C0[L=02=4DUC,[#X`&T M<&;&YK$Q*&D5E9AK;C1E<6!J:]MU!]AR180N=:X\$N%G+!JBVHJMOBQ__F"A MRBGIPT>5YWV[05`:<[LN#H:5AD0;*AD%B.*41`'3@PFY2DCW.6*JXX?^ZBQ> MVR)8S9"P`F'!./61=%JI1CYF<>YX'*%O>ZJ"7T8G]0)H@>'WVV2Q2<%HJ^6D MGCZ\Z^$HN,!4,12GM:@MS!#V>H,N9<2C@R?YPTGW81:[N$J[_9_3(G]`M!=/ M!QVG?RZ2G6JY-(0Z@W@CEW?B@HH6G:K8-X;A:6"6L*,^SF=?([3WJ;>?XU?5 M]WK?A=NW'@]&2@,!@T1*$OUV)#FTC53Q3Q=4O?LDG][0*W4C.#(UX$(R.ME,XW93#]-EM5O\VC:[]7PCJ>#XLIIIR#C"$O,`=*HD913;G,#;D9X*:!' M5?<#9H;.75S`TH<[#>JW'PXF\A(J88DS'C/E*.&FZ:3GV7?)1[B/VZ/&>\&R MR&6XG^SB`S[$ZX>#20G0(0,FDE@*AY7TS;3%"4*Y\\$(I_X^/8B3@2Q/C=\F M]X<]B%U-@H6$00B1CXP7C'%L;"N=9C([P=/8:7*<:O>R)!O-C'7C'_5T.OE: M_?ZO591YLK23V>1ZLO@KK5U[EY"#[8)P`E%JO7,>82^EUD8T79=(FTLE0H[V MYL,!F\&)7ZK);?I\0NX@$=Y^.#`KD$-,2R<4Q-PH#-I.`NURM3_ZU>)$[?>" M9H;*/]9?YHOKZ>KA:E9=S^O9\O=4]=;7C]5UM;A)J^#\\[_GZ[^D7_YOM9@_ M_>&/V4,*&8KJJ&?5U=W&E;6K*GZ";WJ_ES[#?SAPYX3UQD$:[3D(-+&D!<]: M4RQYS3NCXN@TDT'KZ^IF?G@*>_%4@#SZYM%NCW!A0+TCT?9ONI7V!2_'#^J5 M,*?!F*'=WY>3Q;_G\]N#"G[]8(`H]DSKV!5DJ(M6FM:Z]<^4S]W(&N$-M5YU M?#*2)=R9?TP6=7+:TB;,`3_WY:-!.23L.5;IK\]5>X>VR#'K9/;UT,+3/A,(T%$`C9S5T0CF>IUT:--_BV!V#-WH MKY=T!&.#UDZ.TMS6?A M5D+WO]:S^GYU?U#[/ST7I*>*$4`1%EIA1TVTJ1LYO.>Y'N=8]7^L]N;]85>$ M`Y/OW3CP_+E`D/>`:Z@D8M8!XJUM-D,LQO#_V;NVYK9Q9/V/]N!^><3UG*F3 MC5-)9K?V":6Q&$>UMNB29$_R[Q>01%F.=:'`BVC./LQ4HA`@\/5'=*/1W1C1 M;=^M<*`!=OT?J25'V+H`4>T3M5V+D.)_C.8>"^0E=E`Q*JNY<<-R3RK: M/'?-1;-_IOC);:$>RJ?YN?#V0TT"UL(JX"V)$]2<6>4PVNE4S4=4JJZQ?$_R M)1O2_@E3Y?^E;=&Z9-!TZX6?W-5/(SC528":0V*`E>FF(06,Q_A%P1*6:YP, M4#%U2ZH60>Z#9E\V9SC[.7@'>+3W5'`$.P>-`(K3B)8`G/G='+#-U52#]YTV M)TH^BAG')E710E/>WT<6+C:5(#XMRL=BD0H_'#E$.=&SXX>#.V&3NZ0;<7O_K>V?\NLV&S:=/E8E'^F?(>)H_Q7U8_3[G7 M+^@FJ+@[4$000B.B0@D"3!6_ZXQ7N:6V!E@BLFT%U"',6=%(;T?C?CQ.4JKQ M!1S*[2H`JQ452/)HBPF*HC:VN)J@U]DQK)=?W?YN>-03U/UOKU*M\>67*+;) M]&:^?[8%3RQ:=;L(GBMEO.="IDO`&.>85+$33C"56[=[@!>X=[NU:@WBOC5C M3P``O;^_#5FH-Z1Y*NGRY_5Y,G^[C'-;5 M-$90UX51(#TCREN('9>8.[==XY7'T%VQS%*SNBXD[OJI-AY8JYDA*K+45_," MWHTH:JBI8&O4=;D,S/=2UX4KZ`FDC`#`'1(L`K1#R#HZHK#$1C*M4]?E,BC? M4UT7H`%B"D"5BD(:)HSGMIH9I&-:1YH)MEY=E\O0S*G?,/NQ"7.L4;SAP*,! M:P4AA59*`*7P5D4C=S-`#1@U(\J\;"JALE4DKU:J@V-I#!$6(.41\=`@O+5D M-8U_']$);9L";P7,/M3`JX/C/R>/9P/+#C<(SLJXX<&&0(\-%!1#BJN980IS MO4T#/)]MB2:MXIFQ.N14:")0$JNX]RXN5P(PP:N`*4V)8KF^ZP&>PK:X%C3" M\#T4;]$<>PB<\$)QI!63N,KUTU0R.2(-T>8VH3&0[ZUX"\2`2ZL)43I=Z.%2 M[&4U.\;&=%=1$]'6+=YR&9HYYZ0I#2JEZ%>)^"D)?R\1/YDUF[Q[<;H(PZ7] M!..DUYY3PX&E&"EI$7DQDLR(:CXVEV[9']`9'%J_/0W%I9MM??FTV(YEO_3# MU]A!L5?Z8556__)Q-B\.3H"?9%S';PW4,8,0Q(PHZR4GW+EJXT:373!6?=>0 MG\,22X[%G,;V4JWDR^S'KV-!X+0U7;N#$#]*(YU1'`N+TY^X!#OS'YG1AKLV MY%AG"#>BRYKP![DK:_+E;`\I4XUP1C'!<6]!N<$`[:;CF,KURPUP:]818=J& M.,=AE];$-):XYNVM@2_<):<]>#6;!X.C#4H8$L8PAK7@$%>^!88YSMVP#3Y< MMB%7.L*W"5&BJ;?F[9NAX'I,.=<^"!-W)QQH`1'DUCF.<>6M8$#27(_/X*-> MVZ)*RP`WXLK:M'HQN[9C^5(\KM9#202&-6E3OZN@EWU7#5VMH-`K`<*(4>UL(8P#*'Q.Y4,LH^M!Q_CVA9QVD:X M*5W2?[GF\;GVP7AA)68I?A=C`)"7L/*+,8]=[ET%PX]?;9,M+2*<099/B]G# M.DC_0[$\YA"MXTN\N)^X2[164C7*T@),GRW=").LD/HQNY1[@C@)DQ9;_8. M*DK(ZI'E?`^!&^LT=$[1N([2:)4107>KI\NOQ#)V[W!W&.>XA[=+W"'+:KD9 M"SWM':[=0;`("<@)L,H1ZH""S%9A9PRB_!*`H_<.=P5QD_/XZD`L+7I[NO'U M2=F>?_)5Q?SR5<7\FB?W[;\Q:$P<@8H2;;$SVBO)V.[SDC#[-M"Q^Z"'(Y,V M*)QQVGOZQ*S%-P3-H>&"$&)9BN@2U-+M=>F:1VBRZV:.W?=]/1GT$1%W6?UE M8"5$&$NDK5'.4"@TK,:/4+:_I/_1?67O4I^5,@9MAY129G: M;3ZXUZ.KOWN9W$[47[X,MSYDGU=_62OAM(/2*BHPQ3)J6%O-@P.6[1`:J/PO ME=[)^LN78=<+![+J+].HPS`@+$Y$.PHB)ICN]!A&N1[E`3IX6N%``^SZX$"3 M.X"0P\I8))6G42-&]9D.YRMWX#'XGWLPB:`ACWZ3(N0/(,(4%%XG*9,,_?`709BGWP8G>N<59E_/)DP$``B)'"T"!DD),1E&HN M!.C`+WQD>T0:VL1S+UF#L?]GH_K('P@$P M2.GT*4'/E-'ZQ9O+0&X]J0'JI+:)U!G(_=.LV24TZ6R`4\*`-4`ZHP4F5;@\ M9XZKL3K4VZ90-J3]$Z;;*LE<(8P0$Y))"[V46%2@7JW3K02H3>='2=*!ML$XB::!7&$@:!64DW.T^,'>YE!J\#=TVI9IC MFQ&C\(NF?7A\BNIU7^$>B3PXVRXXQ[AFF#`NO>;QO4)7$4*<0Y2[M1I\.$$^ M+;K`=8\2W==`_OMD];28I4M4QE,/F0.GM<,L77^J"(GV`MS`[1B@@I]=W3IS MJMU]W=;K>D']<_$X^9EX$_'_M)C-;V>/D_O?YA\CY%__+.Z?B[^7\]7WY@<3'%[K;(P=1@P95@2 MZ3E,:1G&<4E(A8S%=&1;^*OR,`/O03(Q!3FW2<347Z`V[D.1BAO2^#E&0%34 M$Q4N,C]1;Z`[_VOR,`/N8=)P]MSJ>ICZBU*(9HI,^Q:*L=,*`K_[/*%AN9?E M#-1;<%4:7@[WP&BHOD4IM5UR-@$ M\:$>$5-HA)50204,4<[&=5[OK%WJ^KO4LEQ-[M\3;QJ@V(,G:QT5\;[=59`0 MI*#F%`'I%2=85H*A5")^I>N[7E^3MH;Y:P16Q[?]^\0<3S4+B@#D:?P_AEPR M:@C!IIHIAF!$>29-15UVAFH?Z_-A]_*^`LK@4[VN`H0>,JV<\P@(1+EAPE5H M>&5S]^[OQX?4G&.=(-VY+EC,GF/+YV*IYM/_*Z9WL_F=NHT_K"=R)051C>GE M>.C@Z"[4(MF]!HKCO@)K+(PR/$6>@BI9-EWF1'/==>>ZQZE#6WZ$]Q@1`J+(/.)4 M>`V]BT8+X@H@Q\Y&5W:-T_E+:E\]&2SF0G@61Z\QQ3S5;N+5?%)-@O\N$A=) M_>@BD8-V/T%:U0CUSX_):#J7:WFX0?":,6N,8TAI`:B#"I'=S)3(M5D'S:,+ M97J4&PV`[)OMX((`("36R`%/IC1>IOM=V5A2B$5UHVE2L1UF2C68O MV^4ZEUKN7;S(E/&66D09]1!RBX'>?318RE'%[#01X*\;W%P$^^"`GMQ/YK?% ME^]%L?J0))9DEP-(JI9=QXO/M;5PS;D&79-(10HU1WE%9SA,"/Z-[MMM11>VA>D3%G ME=+)=L%#;('GT!.@XY\5-\Y5\R1$C,@!VXJTZS$H"]M^.+1)E]DNCV=W0P>? M#PX0QSW`V$)E+*2*RAU:`&67AG@_G+E4OF]8TQS5?ITJ'VH5$GGS=$`T?D_6 M4F$]]I1`2-@.(>A%;K6[04;6MNUQRT6QSW5D76EG;\23/V;W:_^T6OG);/&/ MR?W3*4?_)=T$#F'\OA1FFA,(E)&>[[8/6N)1G@)D<.#(6M,!Q/TN07L'(O\; M%]\/Y7+YN;@M[^8I*_BW^[$PY4.4Y?>XJ*X;I+7;??M6I%.3XE-*("[G M'XN+3]T:OBZ8^/U;*;50P!NLM#/2[I8"[$85*M,><0<@BGX)7LWM9K[GCJW) MUB-MP[HZF1#*&XB(@(P+KK;SA8S:7!?VH/>$;5*O'5RO&QMQU=#=H85&<.N! M(50RB`DABBD&V3:8#FONKY2S_A(3>%A=+S/B.&OU%(P#7A*(J1P M?943_9]8!>HV#=!KX;$C!MH4QI;\OW@+I@5&G?52G/K4E\7MW^[*Y_^9%K/- M5Q[_\.O''7\*F]%]+NYF:5";"U4.S.G8HT%B`12PW$MCG0/`6%`1SRH+1Q"2 MT+XXRU8QK6\#7L8)$^>[2/F(T^+'_Q<_3Y+BEV>#-,J2N!YQ0+S'1/!HSE8S M8%CD%@@?T(:B!U8T`[5]6IBG14+$1^TSN4])@6X^M8>K3)UZ/&"*HM*`$AI- MH[ZR"B-5S4-+,()CH$[)T1*N72T;?G8?-[MQ/'?EXO2B\>K)0"6-MH01BF&' MJ`,.F2I;Q1))1E#BH(V-`$U.YH\:*]?/SET*'=B:<#!!Y$/4WSBU MEL+_OJG1#-:NR;$A;GUZ[#T?,&=,*BT$$8XQ0O`+*HXIFKO_$'])@N0#VSY% M5!S6=#VT^\G=$5J\>B9@8972%I'(9NEM7.VVA5S3B"W-#1^2?Q$J-`&S,\]$ M^?!0SK^LRMM_?_D>H5G>/*V6J\E\.IL?X\3YAD$`PHT1VCL*((..>EZI1J>@ MS(X9`G\1IK0.<8S=9S..@ENGT+"YQZ]%>Y0RJ&D@UB!H'3,>:!$`UQ`A+ MA(B4P"-)&-JD1'O,)#JK^/J989USHJ-M@F0^3H4@&AGDI7!$:%'-46J1>S7+ M@%S.[8FY[`;4*WR:UTR@;_,+E=`2;RQSS%`H`728L,W!O.3I`N%KG^^JN(Q/ M9_=/Z?3O2W&[K?_B?MS>/T6@?>1HBF1YV@CVYML;1IW)G&_W10%!%W>RS!-" MF5?<>$"VX3)2$&UR[Z]X3VM!;4(=/?J]@B1ZR::M@J+-_62YO/FV-DK.I*\< M;1.\XU1HAKTQ7,<%40L"J_DY-B:M7MPX$B1*W# M%'MB'`8/(&TQI2DJ%M)J7MS;WY!1V)>PFHBG;!Z0/03=<,O7/PQV<45L=OC5821"Q M4"N/"$GQ)P3X"F.,T8B"PP>B^(8CS.M],+5JY)QK&HA'&)(T209,5"].*5S- M5BLQHMN`!\&96CS.%D]&;82;Q]_GL]7I"@BOG@F46V^-)LA9@I'%5*/=7.,' M/"(KOSWIE.V`^0ZT\X<:2:9MO2+$_3Q2Q@E$B>1:(NX9YH#"Y,:E M=W,E]PYX?_8.[%;Z#QYJZH@PQK-HS1NJ-=E9\\S"_ZKK!E1KE^M9`NLE67'V M/)L6\^ER8]9,EL4T3:28+U]EA1S*V3K=,BB!E"266,&%C7]!3NR0YD[E)CH, MUM?[M<"+Z>$1;\MHG%I`:W4059M4RDGO@1=<8L'4RP<')>_M M/L+G8O%'.78:=B*3C%W,QZ>'8I$$>2;G[,US`5MM!,(*,,T,=5IP)'>6$,S. MG1Q03/W5R=(&\/W5YDH'ZALP(E[SIPC!S6,:>@1E&9^(8,6?MM4(U&JUF/T1 M(4L)H.7',G8P7T61Q*'=5GUG? MAI0;\LZ+NZ371D'?UF'/T-`V9>^F0:0!?9K,IC?SW^?/\3LIIGOG5NMPR".Z M^X(>`B?8.$ZY8O=#Z6PU: MK\I/:YPVYDPJ!;'>?O_RS(6,ZWD4@6@8$>70<*"8)]`3J2I8)6>YK+W<%NWL MVLWVZ#ILV?2OS5/!DPT"Q?0%@(C2S;>ODQ^UM?;I;@(E!%I.M.=1YL`HQ7?' M%1)JDEN^;V#IIUWIYE;!'1K%6MT+-7]5D(R"=$6]-$I8YPP`O(JBD0RQ?!L`G]N7A,>[^+MT$-WA&8%U![[1$%Q!$)J*Y*WTFIN<\]WAS0 M-=Q#(7`SY)L8N*_'L4T-2R;']_(^2FMYRESYFFW0=O/68)0&!D@J=#24O)2` M[.+L980@=\V]/*=XX(0=GBQR=O3%O'R8S6MXW0\\&1A$$$`7A\(4EI`J#^'N M"_,\MZCI@"S)0?C=FT/?AUK^9S&[^QZIJY[CAW57Q`_LCV)Q\^U-=JR>+&>W M)U3O1?T$@ZPS!A%OXNPM0DC`RD$K.=`@DX(7^\F[/"ELS(&R/X3["7YX$[]9 MHU;MT48!.8T8CZ8MM_`_[%UI;QLYTOY+O(^//(J+`3))D/&[P/N)T,0:CP!' MRLKV[&9__;(EM23;DEI-=5.MG@P&06+WQ:<>LJK(.H@TQ`B_Q9$KG]L;84`A M#UTSJ#,P"_D+RU4JSN1Q3S&_4<&[L^_/DQ^KN@'+Y63^L+JOH0_4A0^/`0@) M2@MMA:5,<6^-JA'3R6Z]_:.^+FGSWETHB_\55>D*OMHV/%T+)/-)47M`(B3K MEPKM`F/*J*VW[TUV)\WVP;B]&O\%E&E'")=@V[LDB4KMF_G]9@@910"./"&F MF>44PI(;3A#'WC-:NUC:@BVFCD&SK%2V'G"6"`!IW]N=[>MTKG[ M+H.,\N^'9UW@>@V^Y+L6;VT82ZQ%X)FBS&LL%$U3HQXK$V1$Z4JEK;K+D!Z, M7;?OB%]JV>T_*_J@%=>45QE:Q$K,,&<[6P-&T!&HUV)7%%OM]?7,>D@0D00TH5D ME@3NJT8,F[$)3HO9>K?+MFZ0W6--J8JV5VQ[VF5!6V<\T8ZR$(*R)FCK_;I6 MN">!"=\8V-_/"'&&G5KQP3#H"T!!IZ@] M18Z6J.T3\KZG_K]>]F)JBT[S5:G$.M)N]1D?%\_G3/;3-T9MI0T0M+?8,,X" M)"&N\4V.M6F.W2TYVEVSW+,F^;G/B`%)H8`(+2QQ!E.+F*XQ4(B/*#JA*S*\ MJ^_;#]1%IO,UJ]'W-:N%D(8BK"Q"CB@/6BD7:*"*5($FKK&X2-^*?/7Y]L>J MJ.SY9>;?W17!*.D#4"6V@G8I?[^^OD M?GJW6-E`JLVM3]K!680@NXZ0S=KG[;51 M.D4Q32ME5<`)>;6JM+@9#Q.T6*1@B5B82\3YEAD7`EF"&)]K`9S'C4.71XRX M%PYQ1J@7!'%K\';F:(%&U)RD0W)T@&1&2G7[9@R":(2L#5Q0SQ`CB!FH/PE9 MD7MR,L"ST0Z$>RE\16W,]694E>BQF%>Y9N?:F8?NBT088C5!U?]6(2P(JU8V M3Q&U.EG7XZ%)K[9F!]@6";UX_9F-)N?!ZR/#GDMKC$4(*YD<+H/,>EP,5:<+ M([0Z+Y/OVZ"+#E#-T"'F[M?/R\7#UE,[C6G2C+/%``#0XE3ZP_C MR0RR8\IQNDPPB\Y`+.U[?CBC-\_!ZZ,"*YGC"H.C"J=5$VQ]#*+3+W*K\@ZP M2GH?^J,+3`N[H9M4^)?G/Q?+V7]/ANV=N"LJ(=-R"3@-R],`&!MF=IO'>$3; M[!?*^+AO>B&FA7GS>;+\M%SIT_M_3AY?IG4PTGG\.79W!$9Y$)#<+!5T<%9A MX79V.LT]!ARX#]LICSK"MORN1XNEZ/2-,2$8J@9[5>]D+M,@+6SW=RQ%N5IL M@%Y0MRSJ%-;R!,I8D\Y[0`P<,6J#2D9!&G+R$,)N*;;8Y>:Z#M`LZI-0'<%[ M%0OIEZ>GEW;6T?J.F,Q'`TH"4$#!&E#*ID\^)5R/@&`/-KI_4NL+-K3$B&\(R MFFCQ=3J]7R5T54R=S+\FUW*/Q">54,.]T9@`!*SFBGJ>_E#(D/5XF==4Y.J? M]@6B;XPR72-;YF`@?==ZL?,ORZH7U70Y6]SO+X)AL:QB:9K"F\]Z2+1)Z7*. MC`9F++4<++#U5A;FG,A<;K6OY7QCW.H-XJLM5\O?)JO\HE=).N>N5Z]NCD88 M3BQFEA'!/$%,![D>,2&0E'4>T*VA";:)#I\F$U^GSUNSGXG M\Q\?/KBW21!/?\Z^?_C\ZV0^>4BF6YTH\8]I^M7D<7/-IW]O+CRCK57/;XY* M4.^I5H9(L%P[F;S_9[VL`23L3ZZQ?RO],XDMR^5]"J?H@)HLN?% MWBW6T6Y'ELD63XA5[V*GJ/:&I_$@SX6HLX",MB0[E7NT6]W]`EQBT5S%27[Z M8V\6U.0^:J>=>VL,R5EQ3`((+AT"RFVH=_:3'Z.S@XU&O_W=,;(E>/1ZI7QR MD^^SY\FC^?JU^M[U>,[J1]#J.=$R(4E@V#$!:681<(S5.`!CN;UT\>BWT_N$ M.4/-O>F1L-I&V].VF\)H\X>]&7%$W64\*5KJ):9$242IE8C9L(KG6P]/A>SX MI='NL)DC(V&!643`)T-`(VJMW*&CICWXPOA/@0^/@VBWHUG`O(>/!YT3.9IBHRU!D60#H@M([U,<'G)[F/?@>_ M!-QE(F!JGV8#S?I@:_WC-!Q\@G*-]T;'J`%.-$8.&_"(<4WK\4H5$? MR\G\^>EN<;=\>7J>MEX4#KJ.;Y_9T*7ZV.61,N*M4D%*P-HZZ8T+*Z"2@ZND M;%V]]^#';M[ZR_QK@K#J^[9:OT]-PC/NB@Y1Z7WP4+4"H9C3Y*?7GYYLB1'D MWW0CN45?D!:>-GDU-WN=/81J@KA2V`OGI*!,T;!99H*DS29=3_I_E^:W;?!: M'0%-YT\;LN^ZO-H?[YO`_GNRO&]18/.R=\2@J^)7SG$N#"B#)`168^AQ=JFH M6YG&9U/H>!'.H@(H$ESU.)E_G'QKJK^Y?UD4A!.ID0.C-<$VV1Q>UJ-@SHRI M'G-YR;^-M\H'OB1]&FM#O+XP.BZUH!A)I1BR7&D`4X\$A^Q$S`%2*$^`1UB0 MA5[&:%2H*WT%CUC6K0.42>U+AFXI+X55=)+H;6CP+>KJ/79F;<#C+6[ON;I M2@JEJY/D5,:4A-`@+;4(%%&&*D*V4U(0.B:+YG*I-E?&;`=GX83;C,J86#`O M*0W$:Z.40BKH[7B<(<5J&EVI,N;9XFRLC-D.R&+9M:=6UV.+ZXL^ MF,5P\([H"#9&^>"YE$"HPLAM-B$14M@U'C/=D-XK*-MWB0Y=@']!ZLOFC?!M MNIP]OS1EN[RY.LTFCS2J$I:#<"3YK8J%^C,99"?P#M'FOB9'+@5^T,IR?5CY MR_SI>?FR3A]\_G.ZO/MS,O_T?77JN-ZS_66^3G+N0Z6V_(28G&?#9%"&$V&Q M-!BXV:*OLGM)#E'QEJ?]P*5YVW/IG].TC-Q?=2Z]_H2HN$@"`(N"E`BTP4)L M-1VR)'$_C7(V723/VYY-KQ>2-S'IJU_ZR?,T3&;+5=&Q`:BNQF^, MC$F2+`J'DA^/A<-*4U?+K\K?SYR/`\R:&N5L[%?:O`Z(J8Y&KA*XN6M^ MNRK8M)7/E^EC54!P5<]B]86_[XGG5/!*-P^.UAK!=+)20'K&'3!OUM%T0#65 MN-';NC):^V0^&776T9,C4\08B7%RH)D2WFN%MGA9`2.(3"M-K/?!H04%5'SQ M^3A95EED?TVOV69ZJ(M1(!B0LMX*$ZIS9(JJXBR@I=(XR;7QW.-GS-TT^F"X M!<5@;HT$1[)BQ.%0% MW%:CH!ZSW/JO`R3<%21_*CJO'?!#CLZC3&/KDF^ZLKT>B.,^NCC<\ M"N4)\'1T7COT,LYU/BSF#W?3Y;?:4=S8--O<^.I[$A;J9)1>NX=$9XTF/F!@ M&&F)N>94U(.BHCEYY?8HT5::BT+8EE@XUDOCIG7[B77CU771I.53T2"%!4D` M>Z\"U./@`>6&R0SQI/#JFN<2Y`>Q(7L4E]W(YO=G*[`^7A>3&8HYQ4ZFN9]$ MP\!ALM,'8D2="S/9U';'LW\A9&C3+],JM?7KRD-9Q:NM$O4F\_O=+U8_:FZI MF_&DB!/(`!XCI!WF54WXK==#9;(_QL.QZ[)C45),16S[Z?*/Q?);57QY/8#F MKMZ'[XC"TX#3L*@*@H$AG+'MV(3$N=;^$-7V$"C8K3ARPL(6\_5Y[MWLVWJD M#01JOBDR0I#@5@AOD;(88>1M_=&,VMQ`PEN,EBFUC'4JD3P:5<6&#N,QFU?+ M5A.CSKL_>D1)UXUD-!1(VI:^R`R-6+<+KFV6\OOS]-__62 M4'A>7,:XPT^*$DLK97+[N??(.X0$H,WPF!;9!8MO,51B$-SK1$PE[+,O%6P- MVR?;:V)5H8[S(Q3W5N988AZL^K;YWDHEZ,-8V6_-Y542JL MN0K.4JXY"\E+T34*C"4G93P.9(;<#DD^"[<2LO]U-I]]>_G6*/U7UT4C@\=$ M)I_!(Q.2HONL"O"@XTGI>\NBYR1)$W2F)(4PDSC8"8K3YUV>T4!ZA#LJ1WF`%9 MV&7XO]7VSF1^O[==N&+TYBM..KSGW!J)M88K[+D5P6N9EE(%6QB0'4%1N`L% MM^@5T$Q&M.+`@8\,MC)P)%4`-AA$1%KUM@XS-[ENPP!-AFZD?C&$&7+>H]DY MDCYV>63.H0!42Q"@@%'NE:H_-!B6F\$]P,V%RV7=$8B#"+&XQ%QM M(]\MS,/#=XAWW>9AT>^_?'Y='*5J0[FU<8[8"@6_ M(,HT=)O<4F6LKIQ@F="HX726Y&:=#M'WNH[=,5QAEM`>M;7UVW3YUVP3O_I. M!A^KIG%5@.)JW$]WB^?)X_[OJX3@CXOG_Y\^?YE^73S,9_\]J3QZ>V<,*&EC MQRE%SA&KC."R#E)B,C_&:X`MGJ^H.X8BOD$;5ZL_=@O`;'&R#V:7KXG:>1,` M*T.(=RX@<%QO4<0ZMT;;`#M4WZ(!=;G$;EHMK(<<%LO-CZKK3LV,LA\2L9$( M4R*\QE1RCX4B6_=.T^PBW0-LJSU&!=*%3(O7+=H=.>R&/+]?)X2LMTS-UW1# M,C5_%C9Z7VNFJOJJO4E+9[!5V6W/,-DT7_0DD;!IPO9D-MQ482-B@'(`83CC MF`"R5J$:0QOXB'JFE");;X6-VHEJJ(6-/)75DNR\+0N&8\4TS6F M(%@Q,^]&FD6<3<&NV-^9Z&YO.ERE^T-FT7_$#*\"2).>M0P1AA!"._7>7$B^ M*TWR`0L.*\.$@K!==ZBS_3?)U&NNSU<1 MJ_=WM[`-WY;P5Q=;,75Q*JK#'HGJ.#C`[:QM/,3MX971$)J@M<)Q[P0&[Y," MWJ`+GF0W+1YG1-Q%R__UI7?%XZ<=LMNKJ@M^GCX=/Q#P5&B46$88:,.)5?J4G'Y%G31<&*JLPV#2OW&-H00ZHA+UIA0A63#C(=P5)'_J]*D=\$,^?:HB7:25`2'CD$L04$KK MD5CC/GUJA]Z-G#XQX"%9F\X)*05QRGK"ZT$9.Z;J7;G2S#]] M:H?MH'\+(Q8"')=@;/H/:YEL9E$C*X0?4ZA101IVO'7> MB>QN;%:LT]W+3(CUNR*1/CB&O4E2==2!9'2+)Z&D6'VP[ZLMLM^>)\OG8L'`BFMN':`-&%&(\2QX+[&U"F1V]I]3`5,AJER+A?F[4V0 M6PH-TB+P)`Q#K0L"!PO`;2T+`)H;\CRFD^%;F%A="_IO$BR$6<("2?\_]JZM MN8T<5_^C2L[96:(<'=]C M[6%.G$7P1D!`A;$>(R:!@EZ(_0:19Y^2NJ1^*%-?&ET+^2TX9)'[M^5\\Y#: MB1ZV*#U^+4"*J(56$X;`MM&?A;4^DLZ+W&Q>^QXJ/ZAIF8Y,1[`QNTF/;V9. MGTA0QANO/&`J'5%%A$!1%R=)J5AN4I\BC*9$MW'X;GR">#]D0:9P6P MDABBL*.Z+NE,#+!HE7S\Q$9ZNAOTD%*1B6B/$("Z(D4]X!OI.0-)CE%@5.L%)\HJMH,K+M MWQ.H[LJ/Q1\C&?_]]Y]PT,*R-XP*"@GHA%*>>^"5]42P75+>:6G`T;*FP>AL MHX*:A@5&B!8,$:0XP8#'S9C=^;C.2(POR-1V(N^J-]8.MT;'/.[?_5+ES#-/ MC*)&"B*D=]!$MX1+Q"6PS!P]!M(SG:9:IOL`RN7LV[&#]P?'!`*<5(@AZQ"@ M%$7%CT!-(V7Z@EJB=B+I0XOT3+X.X-I^K572[CYQ_?WU`L%0`+!G2 MP`E!HTK#B-241=(N$3'YTCV$EW-8.@Y8CIYV/S0D,(B8P9+JZ#_&!>:0B-=1"4VYEI+^>GV+^$E5$MHBJ0"4I\Q0R*/?\ M\^J"6EQTCZ/>V9V!I?VGWJ^JK_/U-C#;<)GHL2%!2(XHYP9!HI23\2\*ZPE+ MPG([/TSPT&'W^.B0L;U'K")_YW=^OBR6LWFQV*)V&[@?)7)UM?I41"YM28G2 M6%>+^77[RHQ;Q+@Z>7\PV`*N$5+61)DQ#:#>5:E)X9T]>G!J M@KP[+=C=]:>"%HRD6WF@Q$)ZQK#$O.:HP]A?CE,S,`*K20EN-&4V9C3^;>@T M*W#<;WM%J.`1U49ZM*MZ0@)K.?I%D!_*8N'6:=[1IMZ7J\V\7+=OLGMP=+"> M-@$56:G-!`9J!<7(PC=^5+(:(^+PVUR.Y@D-#`M'(8Q.W M``XH(8BF3.\:/R#GC);:N9Z\S3;@[UV6XP*SGE'%3=. MD.@R>D0)5GL:,;V@JQV[$'35%V/'4CIMC#@0-#SQ M+<%*X*@C#%.OG<(X;E3W9%EM+^BZ@([$6PW%ZR'443W-UWC3H(V:A@7+-<-> M:TPAC`X!9TJ8FDJ5GP&;H#+J%E$],+?G@,ZOQ>I+N4DZ][J$Y(1QH`@"W@I;-V*0 M$IA+NNV\#]A]5X8Q"2F-H(W&+?,>6"DYJ16S$0D2>*,M2E=6IL2E@.G>DI&4 MTI/#_OPH[W7Q7$KM`\5'WA&4YTH(['#<,";OWYA=>73D@2;B@FXNZ@,8!V/" MW;)]",?VU^)?U>IC_-SZZO80?YH#Q2W?$(AUDD"'A2><,X.H%[2FW?%+"M[T M@(=J")Y/!&]'8\NMWQ&(4!9X0+7##@`=%SB6-?W(`GPYF.L<$:K^W"QJD\^>-=[@UC`AQZXFT`BF$2IR%TE**]TN08OY#0>14$59]\'C8X_^' M572;RW?$"*QB%M"#0&2&5JOR];+]SMX=A(&0&X>`C%*A M`B*TMQ+64W-!\?#1<=J+1*:*X%_B3WTA^$_O#AR*Z-RXU*\!$X8@HLC7_`(2 MYI;_MC]K,'B[\,D"^1S!C`OD+(0&X3`%QF#+E'3`6V!H';NR&I+<(]DG7P'T MM5S]7ETXZDYD]A!P>K^J9F5YL_:166FR3:QI`-@IKPD$6VM(ZM]FJ==0**SV MUH$`F]L-J/V].Q=FKWMD_K@:;:N:/SSS,/)TW/>O"5X!KA7T1&+/#718>NXB MZS5WG%&3F\:8XL4V(^N\LYD_!@1?AK=>\1%.0&*+MP5/A$>4"2`I@``J3%G- M>(N]O\`+8T;!9?>B&"'G/F('Y*%3[AAYYCGT$`/`+71:@EU!1I12%-`X*?=7 MA=*BF*=Q7$"$44U%W&5HKIVF'E!7TYJN&KJXD\)D%&6 M]-/G6RS=[Q\.T7++:,69E)9H9CB69-?7%@.&P-'81=]4G59OUS@N4":CQ^R@ MD,I2X1!&0NYI%9?4(O$<01^L^C^?I8,M13NBD3UW1:)4_PPTYA`QZ1$65M9W M;"DC]$A]A9\?RS+9#75S,T^/%8LG;+4RQ2/,)G@@-<944>P%%!'=SM87 M""KOCLOE36N/UJ`\F*Z=JJ"&TTDCUMJ>JY.@]4QJ8`A6D"H?.2K-8].?Z(G) MXV'F$PM\#A6\OO)4B(#TA`#+!5(IPA_-$:^GAJ-_>-'+LK5<7JW8R6%@1N'6 M[GC.-S6+VX3U_/'"D.7-HT)X_/%=<5<>J#<]\0V!8V`$A8HYK^*.7R+WQ!(+ MU07T*3A+B-407.T/)`>+1$]^1W`6X$A,7#@:0P\LX6S7S)0:,;/&U7-Y7J\W?YXM%\:ELK`]]_>&XIX',6RD%,(Q"[0CST$6N0,"Y M]?X"&E7T*+BJ8_9F8,#,-]_^/B__TP8"KSX;(E$D4DD910C'ORA1>VJ]];G% MP1,J21H&`5UP-P,`N\]=__LA\J#8V&)9O"]67WXJ5C>F6D4/O1$2+4<'"Z@A MGE-+/.1>:H@4KF5(2B?J*3O/!JO.>>L0Z9++&<#XTT??+XK_%HV8./1X MP"J1ZVGQXK'WZE3/#P*$C!F<@P3\L-JE=]G+V^6/UGV5I MRM2S4]W\JTCWW$:U-2L7C=AH_X)@."<<"N25E!A$!\DS]T2,R+V:<4)%+L.@ MI3>6=X:?#,3L)JR$Y%1Z2'BTBE@"Z8G>NU*8YFY5VM>=7#1&LIBC2-"L8S08R25*NXR=*$.K(',VB11SJ`#?&C8:-;/F?ZI9M5 MNK)A\]-#^7OTB*^*+X<[*AX;$A3UJ2Q#H^@S&>U3:;S?^TL"Y7JE\@<$1E=, MSD#%3^5JOHG[II9.Z:''`Q,*0*&!AIA+#J&P5-83Y49DQ\O!CP:'CCB<`87_ M*S?%A^I;L3!1%NEN%Q\5U>=R]9^JNFD$Q?&!P3IJF<07U6"X5?&@ZY'W@R4(N!W;;4`P(IZ7TT;OOI"9%;X3BQJ&@7F;7S MN3?(X:'='?#,''JE$`&'58>,Z6?;*"S^`(Z M,'>-C/,X>$8&_GVY2H&1Z,EK[JJ'95-IZ:$AD6<& M6@"QP9Q!(\RV-U0=>9?9,:F))3NZU!(=L7*<+@7M=AH-PP*D''&!D8H:46&C M@4%UTI?'+7EN6]&)93XZW6ITQ\X,0W/]N5IM/I:KN^MRL2A7NSO:EI^V5\S> M'/0QCPT+*!TM1B[ND0BFG&"A<8UV[A7.[:TWL2Q'5V:F8W8.H3Q2TX%TL/MJ M^2P8=W7[V'2]07LTC@O&0F9DW$8AJP7G'JA]I0#7,#NY/K$<2)?JHTM^#N.= M/(HAS?MJ^:CP:B^KT4,Y/"Q(@3D0P`*L,)`D^6"HIA(QGZMLII8KZ=9-Z8R? M@Z#F^2FU=]7FU>-I+TZG/3N$UN)T54=?"!1))1D1C'+F#(`&N+VFEHKFMF&: M6F*F4RR.POK!8=M\MO)#^;6,OVB+T%8OB^ZC@E@C08322@'KL:Y+9%*U=ZXY MG1`61\-0$X;[$,[$X)I:ZJZO;O]653?KZVK1%'0\XZU!,DT(=H`[:H%R7&E7 M!]HXT217FTXH/_$&`7RFE":&9%M&*,SF]5V(NZ;1VQ^[`77#!Z)_+GP45&J! M10V1T%!9FTSN',D][#BAA,P;Q'=W`IL8U'].U;/E>N/^N"^7ZXY\C14(:",;?3_MC\8>[O2UGFZO;1SZF M2$<*E-:D;_N7?#^N&=G=?2=P`#W0W!DLJ;6`$B+WHM.:Y-YH-*%LVH3`/IK< M<@Z\MU^;:<[5LAY0'0ZA=O+>0#@!V%I,J9$$>6:U87L+1H_?MWAV2F_HGJAC M(7<,<0VAJ;];::\TBGI7QB79?+_#*:\)4!IB($V]M%.#;>?E$^_3X>.WGU8< M&ZT#B.49./MHZ75=?DK,^'EY6ZWN_N0&#-K3:S>-#V5JL9&N(3X>>SXT)%"" MF?"6$<8H\1Y3C]AC&\=HIH0^6JPS#(6G]0)M,3I@9:V$%B$KB5`0"B>>Z);H M@N*6YXO^96>_SMG;][)]^'U=_OLA#G=?'WL7C]>/[^54".*@$P9H3(MY8#!:0#2A$..&2/Y&@!);R`3G_=2#.SY=]I M[.T/+1VV_(/.&,B$CQY0O&?A$`JXF2U$-!9BRZ@QW./`JQZ8/'Y M>+BN'D[#P[,!(1I9P)GDF-$X-T\$M*E7H78V$J']!:2%1\%#/HN'B#N]M+;Q MPP<\EB,C`M&.I>NQL-;(64*BGE6UB?:$YMY3-B'X=.JA=,O.D:!RT%TY.B8` M)9CGA'L$HYR6$QS*N,L"5 MJ7EE,`2;PSV!)!Y');VD[?PST?(N>QLOEW=7L\_+>>W\UFQW*C9+/5^2">YJ\5\-A]I ML7X_C1;+]?"@H+E6A&F=I(:0Q\JXW?7!,HISK/NC&_G>:O6V>D%@RECJ?&H* MZ35#0DQLL>L6^EZ@9/H.6$>75W$%342)L9O MZ_H$1I#`DQ?XZ_=!5^6IGJ[JY:7G\NTKVAU=7];\OYP4+H MEJ,#LM'.8$\%2BE409U(5F=+"F:(7-`]E%W(L^J;P<,4*#\>=MF>4S3%_7Q3 M+.;_?74[=6Q((,1(*@$&0%CL+:%>\YHZB7UNYGF"&^D.X=,Q5S/VU,^[!?]1 M'@%!\X`@(-#46(DCM<@9Z@G0]60!L03KCZ1!*0RVVDBMOMOHM MJKSR)NJ[=%IN*[CC1R;;O2`H#B+QS,;-"L5":"L$JRFGF.1&YB9X/+('A=(+ MCR?A/5[4_M#[:/>9()'9$`-L#*#TT7MW!!MUU&CV0V5T:-9QIC=;*6[G_*W- MKK!I6!""0XX@\E9)B"%D"J.:4LKY!50N=BGNJC?.#F$AMF[PU>T+1GQKCZ1V M+P@.$,2P`$Y;'MTA2J3;4ZZPNH">[#UBJA<>#X&NW];EU6WTEN9WQ;.8_BLH M^O.#05)'M#,$68K0_[=W;;M-`T'TD]B+]R;QLE=`HK0"\6R%Q!*!$`<[*>+O M&3MQ;S2)XV0=D_)2M5(]VCUS=O8RLV<#XF#=;7JB..5=V?)OK4Z[LN4H+'LI M'BBF>7&3P<_)QVP\&Y5EO8*HG37YMBJ7]?7/K!P7T\4>X8-#3:46>Q8D55H% M19)0/6?@&S2P2BY(R","LR*CW0?WKD;%]ZS.@W_*QJMBNFR6J;MT.K=_E')C M>%#8"$,4Q0AQX1HHE4"Z:VG<`+4R(O#I9+CVHN4"O+\%/]TV;6RS.MK^40I[ M1*3RJ=VKTAJ+4-@-17@X0==@DWVC3]DY1?T'6X=0$ZD@"6+6$:PD$H'5&>.F0PSA_NH!<_#M19$ILBOZC%L/8RQL]%8_5K.J M;JWMZR+MK:2(4!6,\O`C2*>,#_YN?`6,XQ<4]J[G/:#I\S1.Z:6^]?F6/A>W M=Q?]M;62!AY<8%[C1%C$+2B0]WQ%#.&FH)FO]'#8^9XAVW M02OP)'4"&.-A=*]=&;BUOZK^^0N$1/CC#U!+`P04````"`".A`='6TB%"$<2 M``"4Q```$``<`'=S1N5K&^*K)8+%[ZMW\L/==ZP5P0 M1B];O7?=EH6IS1Q"9Y>M+\_MP?/U<-CZQ^__\[??_K?=_M?5T[UUPVS?PU1: MUQPCB1WKE#Q3=KRIEG_<'X-_*"VNV0R@I^+87S4=AS["$+2YU_?;Y_UO9N@?DM M2S<`XBT8EQ;=,-P4B8DF]45[AM!"X3UO=WOMLU[+"IK-/;.1U.TTC=E(V,&N M%-&3=L+J'',Q6)/`FE>.TNDVL^^)-*\MI*HJ"7ER+-)HOYJ1W1M M]:C=Z^\H1M*'ZXD1T>U%C(L.XK8R-UC.EFV\7+B((LGXZ@[^KB::RWF&RVW" M1,EXH63L?=A%1LV:XIGRY-5E2E/M5Y`:BHDH=A?`[,>KR)&F?`@(]RG.=J+L M((=Y&*G8BR("5?/[FG4*;+^;L9>.S7PJ^4JYJ+,JOLU$%_W13IAL*XW/.<1# MJ\JNUD@8_[65E\WP=3"I+4M$HW[L+@%>VO/:(L1$^M?N0A#Z`N%1[4:2(@M_ M[]Y$*"*V'HI[=21)J(*?[83!EG((8M>6(J)1/_8@@5SP^B)$1/I7D1"(4B8U M)_TL>KI8$#IEX2-XJ,;PC]%`_H2GEHY7/X:C:'%4VUEPML!<$@BN4O,`S6#. M\?2R!4%Z.XK$_VTC]QV$P5&)#?[9"$,/5T!B^ZY&<9_(&'%0[ONR)4#=+HZP M?V]0#I[6!04DA)(&8W+1I"XF(,%N0^$L.*X+!T@$3*>W:WB*PQA*6`0F>P/; MYCYVGH";&%`'_E2#K7C"-H9)_\3%#RJ&4R1?GH9%$UHM5R5NL3B10$F#^[W? MZW5[W:[5MFZ(L%TF?([ACY"OI1E;B#I6Q-I*>/_=`NZ_==99KM?F"^R,Z._Z M][H>0^JP2!'E6L^O3ICM76:Z\&EDJ%WM=X,E(J[8KQDCIH76/.]US[O][:UI M_116\_/)KILF&*M_]VS6D&>A5<]ZW;-N;Q>K!K4ZFU6TF?53AOE1]ZY89:/I]1S1&19#>ONG3^1J.QL6\"NQX5E) MOTM>L*D5\K8(M0+N)QNJT024CL3\SF6O6WI*,ZL2RYU7M9S0I@.VEN9[LEF@ MZ!',@;1T*MBX9AX@G6,JR`L>4K`2WMV4I3646+A?R\));3JZR=1G!14>F^EO M\*3&[%"7+IG]?3#,_A3=,6KV`7'5X%YP[0F6B=@I]Z2>G`P4:OR;$(^;/<\1K9!R,U,5C6+]O&,,B/M9/ MBM//%O"R-+.3.7C]:6T1D^)!JM\W#%*YQCG>L,0@5& M.M+!I^XZ1H5U"O!>OYJ\UU&N002HZSNG#%F)._K5Y(XT@R/V/1I_;6^3IBKQ M+[^:_$NH]2-U)O_DB$HQ9F/N"XGK*'Z#LMC!G)T;'$S`PY+,BK@)W1D-H``.:^.M9X=%&->9V!MJ1O]`Q](^82ACN*S\D* MVZ^)5>!5TF=ZAD';9*73BIG9=LEZR@/3QS6P,Z#.5_U#%Q)A:JE^\+6/RLJM MO[&88[9^>G$GKERG98+J@\(B2J2M3HW$:#?]Z`H![[B4*O`F;:1B7>5-9&,) MO;R)Z.=M77FJM"YW:B&&%E)WAI#+H7BV<-8SS!;,UCS2N4.PYVF,EC6M$1.5 MI"3>FZ,B(+QOGMTY;DJ)X;Y@AI+5_S"Y)8DZ\.T(1M0ERDVV"=>R1 MRZ.X5W3-L(#>)YB*]&TV&4$H;-'YA*[UB2P(K^2::%IFT+( M62?K$]Y6PMR*N)]L:-+Y%AZP#MN2^>2Y(5JH;M%C=IA5C/!6_;1:?^UWS_NF M4:^Z=:-?1V?>+Q1YC$OR%W;N,1*@E6OF>42HN\/529)[AN@U$W62VM59%COA MWIG!":>86R%W*\5>KZ^K"BQ=P\F:.:JO[8MK*5\'_/1A_?N1LQI'W&7L3S%OZ>M?+EN$Y<5VEVHB#@/F()-)7]?V3,W]Q MV=)?&/@(+<5K6<%=DL%G$SXZS$.$#N&%@M&R@H(+S`ESQKJ@X_,P[]"I(7QX M4=PC6BG)D+Z;3ETF=[M<8"JP6,-4N?CAH*:@17?N03<:R3GF3]AF+\!']<\8 M4&&A;6`$3SSHZ1)"H74OCT?2: M@3P@*W*5+WN,[WJ-\%4O_H9VM3EVZALVKX->$[GZ2O#K5R7Q#&>[8][+PW>^ M:[7Y4G\,YPK&&W''N!IP&`WV7X[9:/$%/'=BN,K%MS>(FD3TH+ M2E(7"8%">26SOT7B;H*K0G(H@'D-\`:]8*IN+3>VP-RWAV^"ZG:1(0#F^FSV MT%OX4NTQ!7\`8=B37B`,,50H^(:.<"NC8,K`8:OOEPS"(@D:TZL=6I7DX%%W MMP81"R:0JVL;4MOUU:>Q5)C*5%X`QN#XDC=UVI31B(!-!T+@Q%7L@]$A1O5: M6AI-[WS77=U@B*IMHF[$2Z]K9Q514O8@(UU5L,'7R]0DY!$1"-N_A%OVG[!Z M9<<'!E*8:Y`TSLRYW;G@.HJ-_EVM[.$[O`J^^,!3\X71%/PK$('J'CGVB.^) M8`\>=FY\5=L35F.(RD'J:A*L._%H;M,/3RRG6O-@QG&P$W'@RSGC*F(-@$?* MJ$G3M)E+7MN_70(BL-H8IB`J"9&-+W+?-F\J?:=.KC!"Y2V9S>4SAL#H,1C] MU2+CC8_[W=Z'++IZ)`V&?,=\_DR6Z\+WSW+PEI=O(M@EC#(PJ.HUXW5@QG<- M!.$RI/I3'H[5N M7H&@@7!]5ZK$&+7G8_9*\356B9>!\Q^D,#PB@.*NX:U#\:,`K@*QP:#6KT)9 MG[06O#_81#4/RR>,G#]]Q$'C>JMAUC2Y;YMGE$_`0*(9'L-+=?CZ+[0.)??] MX;.WP7G7.\Z\ZR"O!Z9./@-QA:>,8Y7?&]$D#Q;D]P;4R1R/#L#ND5]STPH@ M)\=(X!L<_#ND:[L+<.Y&HUA+6S-HGEKR.L:0.N2%.#YR0W^DW5.23+-!%<6<$H324KGHD2%.[%LL,H@0-4H%`(CBKRV58.P@?#) MA/&T>?54/&5>"(M"?.IA"E^FBXPR7>27`/":OKY'38%>.]H]6E.GPCB']@U4=DRYAO=3IW MC*]M(]LOR^;ZAP*8P7=,A_0.$1XA#3^[J;XB@JNHJ@*/QNDF;T`,<2:W#*J/ M1V(J-*?D0*AD$.JL+2AL1]J\`+00!Z$U@:\1-!)N<-GGF'B!^$$GW\!87.KP M([+]U0@N+FQU_2B<8LG8?24];7K#YLW9D"0_4T0!X>[V!\8E_,LAL(2C0?T MS/P20-D2#00$,W?#P)$F+KD52#;(C/SJ@3JKR M>\/O-8YFD1>M7RCV(M-*.E7C0N+$S'UW0J;TD>/ M*[N\^4JU'W^"]^[R3#(OL;A&"R*#U())_(T2C40K?;).)6I&"SV&W3$^Q42?!PZ.E?V!U19;[`S`]C`.Z.S.#?2`.%<>:>P@ M->\P%FEA#J[O."T[\J4:^]22UW=3^;:5OZ76JP0PN^(.0$?M;%_:W.!Z,'_X M-GKZ;LVR?K7-<`.3`LB355(D#3G:@1+=QB#TE3QRCFA*&<$9WS`2SVCYNU5Y MH*`_T2_C4NW8><:NBWF\L`8"\E?&G,VM'49$DD*_$F/ABB`'(YDZ6K:&I+18(Z'!"+>` MH?X/$(X@3^BS3!O`"@LU$Q:\@#%,?O+QA&(^0M_$)JJ",DT$Q7'JLHLJ!R/J MD309LMZ(;[KPHIN'N`)%`P%'>ZF,:WNY;YL)!/I6:C6R&%:%LH/ MO^%MK3$"PXO&IF^UL$GF.7LY7-[+QD93P7ZD['>2Q1@OY94+<7`,J[38#JU+ M1FSVWXO"E6W3_2,B<-_OU_I2'8K#]ZB*AV-!&A$WT9HT36VY%6'`U*PF\(#B M!X>]T8.WH&MDEXYVBZDK$&":<(,H4AO)/B'N7#-.UT\D5B_>O!@@1_;-?$R5 M@H?W56MY8SV$Q`?\AC0\?D1G(+H,GT8`MR-M6D(M,_LS7(=1\+YYC5//A>*9 M4>JZHQW/D:]M5'O[:IJH6HF>V`JYU^K^9XCL[Z!30VRL4J[KVJE0\CL"#+YA M(>PY]A#\^5]02P$"'@,4````"`".A`='E^K[O)8L`0`X=A,`$``8```````! M````I($`````=W-R+3(P,34P-C,P+GAM;%54!0`#S!;%575X"P`!!"4.```$ M.0$``%!+`0(>`Q0````(`(Z$!T?B(54_[!P``*PK`0`4`!@```````$```"D M@>`L`0!W`Q0````(`(Z$!T?0@PVU\D$``,(1`P`4`!@```````$```"D M@1I*`0!W`Q0````(`(Z$!T>%8C?R3+T``/R_"0`4`!@```````$```"D M@5J,`0!W`Q0````(`(Z$!T?&$A_,AVP``-9%!0`4`!@```````$```"D M@?1)`@!W`Q0````(`(Z$!T=;2(4(1Q(``)3$```0`!@```````$```"D M@'-D550%``/,%L55=7@+``$$)0X```0Y`0`` 64$L%!@`````&``8`%`(``%K)`@`````` ` end XML 20 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 21 R25.htm IDEA: XBRL DOCUMENT v3.2.0.727
Unamortized Leasing Commissions and Loan Costs (Tables)
 6 Months Ended
Jun. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Unamortized Leasing Comissions and Loan Costs
Costs which have been deferred consist of the following (in thousands):
 
 
June 30, 2015
 
December 31, 2014
 
 
 
 
 
Lease commissions
 
$
6,121

 
$
5,936

Deferred financing cost
 
5,821

 
5,785

Total cost
 
11,942

 
11,721

Less: lease commissions accumulated amortization
 
(2,521
)
 
(2,373
)
Less: deferred financing cost accumulated amortization
 
(1,070
)
 
(469
)
Total cost, net of accumulated amortization
 
$
8,351

 
$
8,879

XML 22 R42.htm IDEA: XBRL DOCUMENT v3.2.0.727
Income Taxes (Details) - Texas [Member] - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Tax Contingency [Line Items]        
Applicable tax rate used to determine state margin tax     1.00%  
Standard deduction rate used to determine state margin tax     30.00%  
Margin tax provision recognized $ 106 $ 42 $ 188 $ 109
XML 23 R37.htm IDEA: XBRL DOCUMENT v3.2.0.727
Debt (Schedule of Debt) (Details) - USD ($)
 6 Months Ended
Nov. 07, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Aug. 08, 2012
Debt Instrument [Line Items]          
Notes payable   $ 403,287,000   $ 394,093,000  
Fixed rate notes | $10.5 million, LIBOR plus 2.00% Note, due September 24, 2018 | LIBOR Rate [Member]          
Debt Instrument [Line Items]          
Notes payable   10,340,000   10,460,000  
Face amount of debt   $ 10,500,000   10,500,000  
Basis spread on variable rate   2.00% 2.00%    
Fixed rate notes | $50.0 million, 0.84% plus 1.75% to 2.50% Note, due February 17, 2017          
Debt Instrument [Line Items]          
Notes payable   $ 50,000,000   50,000,000  
Face amount of debt   $ 50,000,000   $ 50,000,000  
Imputed interest rate   0.84%   0.84%  
Fixed rate notes | $50.0 million, 0.84% plus 1.75% to 2.50% Note, due February 17, 2017 | Minimum          
Debt Instrument [Line Items]          
Basis spread on variable rate   1.75% 1.75%    
Fixed rate notes | $50.0 million, 0.84% plus 1.75% to 2.50% Note, due February 17, 2017 | Maximum          
Debt Instrument [Line Items]          
Basis spread on variable rate   2.50% 2.50%    
Fixed rate notes | $37.0 million 3.76% Note, due December 1, 2020          
Debt Instrument [Line Items]          
Notes payable   $ 35,623,000   $ 36,090,000  
Stated interest rate   3.76%   3.76%  
Face amount of debt   $ 37,000,000   $ 37,000,000  
Fixed rate notes | $6.5 million 3.80% Note, due January 1, 2019          
Debt Instrument [Line Items]          
Notes payable   $ 6,273,000   $ 6,355,000  
Stated interest rate   3.80%   3.80%  
Face amount of debt   $ 6,500,000   $ 6,500,000  
Fixed rate notes | $19.0 million 4.15% Note, due December 1, 2024          
Debt Instrument [Line Items]          
Notes payable   $ 19,000,000   $ 19,000,000  
Stated interest rate   4.15%   4.15%  
Face amount of debt   $ 19,000,000   $ 19,000,000  
Fixed rate notes | $20.2 million 4.28% Note, due June 6, 2023          
Debt Instrument [Line Items]          
Notes payable   $ 20,200,000   $ 20,200,000  
Stated interest rate   4.28%   4.28%  
Face amount of debt   $ 20,200,000   $ 20,200,000  
Fixed rate notes | $14.0 million 4.34% Note, due September 11, 2024          
Debt Instrument [Line Items]          
Notes payable   $ 14,000,000   $ 14,000,000  
Stated interest rate   4.34%   4.34%  
Face amount of debt   $ 14,000,000   $ 14,000,000  
Fixed rate notes | $14.3 million 4.34% Note, due September 11, 2024          
Debt Instrument [Line Items]          
Notes payable   $ 14,300,000   $ 14,300,000  
Stated interest rate   4.34%   4.34%  
Face amount of debt   $ 14,300,000   $ 14,300,000  
Fixed rate notes | $16.5 million 4.97% Note, due September 26, 2023          
Debt Instrument [Line Items]          
Notes payable   $ 16,450,000   $ 16,450,000  
Stated interest rate   4.97%   4.97%  
Face amount of debt   $ 16,500,000   $ 16,500,000  
Fixed rate notes | $15.1 million 4.99% Note, due January 6, 2024          
Debt Instrument [Line Items]          
Notes payable   $ 15,060,000   $ 15,060,000  
Stated interest rate   4.99%   4.99%  
Face amount of debt   $ 15,100,000   $ 15,100,000  
Fixed rate notes | $9.2 million, Prime Rate less 2.00%, due December 29, 2017          
Debt Instrument [Line Items]          
Unamortized discount         $ 1,300,000
Imputed interest rate         4.13%
Fixed rate notes | $9.2 million, Prime Rate less 2.00%, due December 29, 2017 | Prime Rate          
Debt Instrument [Line Items]          
Notes payable   7,887,000   7,888,000  
Face amount of debt   $ 9,200,000   9,200,000  
Basis spread on variable rate   2.00% 2.00%    
Fixed rate notes | $2.6 million 5.46% Note, due October 1, 2023          
Debt Instrument [Line Items]          
Notes payable   $ 2,568,000   $ 2,583,000  
Stated interest rate   5.46%   5.46%  
Face amount of debt   $ 2,600,000   $ 2,600,000  
Fixed rate notes | $11.1 million 5.87% Note, due August 6, 2016          
Debt Instrument [Line Items]          
Notes payable   $ 11,457,000   $ 11,607,000  
Stated interest rate   5.87%   5.87%  
Face amount of debt   $ 11,100,000   $ 11,100,000  
Fixed rate notes | $0.9 million 2.97% Note, due November 28, 2015          
Debt Instrument [Line Items]          
Notes payable   529,000   0  
Floating rate notes | Unsecured line of credit, LIBOR plus 1.40% to 1.95%, due November 7, 2018 | LIBOR Rate [Member]          
Debt Instrument [Line Items]          
Notes payable   $ 129,600,000   120,100,000  
Floating rate notes | Unsecured line of credit, LIBOR plus 1.40% to 1.95%, due November 7, 2018 | Minimum | LIBOR Rate [Member]          
Debt Instrument [Line Items]          
Basis spread on variable rate   1.40% 1.40%    
Floating rate notes | Unsecured line of credit, LIBOR plus 1.40% to 1.95%, due November 7, 2018 | Maximum | LIBOR Rate [Member]          
Debt Instrument [Line Items]          
Basis spread on variable rate   1.95% 1.95%    
Floating rate notes | $50.0 million, LIBOR plus 1.35% to 1.90% Note, due November 7, 2019          
Debt Instrument [Line Items]          
Face amount of debt   $ 50,000,000   50,000,000  
Floating rate notes | $50.0 million, LIBOR plus 1.35% to 1.90% Note, due November 7, 2019 | LIBOR Rate [Member]          
Debt Instrument [Line Items]          
Notes payable   $ 50,000,000   $ 50,000,000  
Floating rate notes | $50.0 million, LIBOR plus 1.35% to 1.90% Note, due November 7, 2019 | Minimum | LIBOR Rate [Member]          
Debt Instrument [Line Items]          
Basis spread on variable rate   1.35% 1.35%    
Floating rate notes | $50.0 million, LIBOR plus 1.35% to 1.90% Note, due November 7, 2019 | Maximum | LIBOR Rate [Member]          
Debt Instrument [Line Items]          
Basis spread on variable rate   1.90% 1.90%    
Interest rate swap | $10.5 million, LIBOR plus 2.00% Note, due September 24, 2018          
Debt Instrument [Line Items]          
Stated interest rate   3.55%      
Interest rate swap | $50.0 million, 0.84% plus 1.75% to 2.50% Note, due February 17, 2017          
Debt Instrument [Line Items]          
Stated interest rate   0.84%      
Interest rate swap | $9.2 million, Prime Rate less 2.00%, due December 29, 2017          
Debt Instrument [Line Items]          
Stated interest rate   5.72%      
Term loan          
Debt Instrument [Line Items]          
Face amount of debt $ 50,000,000        
Term loan | Minimum | LIBOR Rate [Member]          
Debt Instrument [Line Items]          
Basis spread on variable rate 1.35%        
Term loan | Maximum | LIBOR Rate [Member]          
Debt Instrument [Line Items]          
Basis spread on variable rate 1.90%        
Term loan | $50.0 million, 0.84% plus 1.75% to 2.50% Note, due February 17, 2017          
Debt Instrument [Line Items]          
Face amount of debt   $ 50,000,000      
XML 24 R47.htm IDEA: XBRL DOCUMENT v3.2.0.727
Grants to Trustees (Details) - Individual Trustee Grant Agreements [Member]
Dec. 09, 2014
trustee
$ / shares
shares
Oct. 24, 2014
trustee
$ / shares
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Number of independent trustees (in trustees) | trustee 2 4
Number of trustee emeritus (in trustees) | trustee   1
Common Stock [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Restricted stock granted to each trustee (in shares) 2,314 7,500
Restricted stock granted to trustees, vested in period (in shares)   1,500
Restricted stock granted to trustees, weighted-average grant date fair value (in dollars per share) | $ / shares $ 14.69 $ 14.53
XML 25 R9.htm IDEA: XBRL DOCUMENT v3.2.0.727
Marketable Securities
 6 Months Ended
Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities
MARKETABLE SECURITIES

All of our marketable securities were classified as available-for-sale securities as of June 30, 2015 and December 31, 2014. Available-for-sale securities consisted of the following (in thousands):

 
 
June 30, 2015
 
 
Amortized Cost
 
Gains in Accumulated Other Comprehensive Income
 
Losses in Accumulated Other Comprehensive Income
 
Estimated Fair Value
Real estate sector common stock
 
$
654

 
$
—

 
$
(232
)
 
$
422

Total available-for-sale securities
 
$
654

 
$
—

 
$
(232
)
 
$
422


 
 
December 31, 2014
 
 
Amortized Cost
 
Gains in Accumulated Other Comprehensive Income
 
Losses in Accumulated Other Comprehensive Income
 
Estimated Fair Value
Real estate sector common stock
 
$
1,106

 
$
—

 
$
(133
)
 
$
973

Total available-for-sale securities
 
$
1,106

 
$
—

 
$
(133
)
 
$
973



During the three and six months ended June 30, 2015, available-for-sale securities were sold for total proceeds of $496,000. The gross realized gain on these sales during the three months ended June 30, 2015 were $44,000. During the three and six months ended June 30, 2014, no available-for-sale securities were sold. For the purpose of determining gross realized gains and losses, the cost of securities sold is based on specific identification. A net unrealized holding loss on available-for-sale securities in the amount of $232,000 and $124,000 for the six months ended June 30, 2015 and 2014, respectively, has been included in accumulated other comprehensive income.
XML 26 R43.htm IDEA: XBRL DOCUMENT v3.2.0.727
Equity (Details)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 26, 2015
USD ($)
$ / shares
shares
Jun. 30, 2015
USD ($)
$ / shares
shares
Mar. 31, 2015
USD ($)
$ / shares
Dec. 31, 2014
USD ($)
$ / shares
shares
Sep. 30, 2014
USD ($)
$ / shares
Jun. 30, 2014
USD ($)
$ / shares
shares
Mar. 31, 2014
USD ($)
$ / shares
Jun. 30, 2015
USD ($)
$ / shares
shares
Jun. 30, 2014
USD ($)
shares
Dec. 31, 2014
USD ($)
$ / shares
shares
Jun. 04, 2015
USD ($)
agreement
Jun. 19, 2013
USD ($)
agreement
Class of Stock [Line Items]                        
Common shares, authorized (in shares)   400,000,000   400,000,000       400,000,000   400,000,000    
Common shares, par value per share (in dollars per share) | $ / shares $ 0.001 $ 0.001   $ 0.001       $ 0.001   $ 0.001    
Preferred shares, shares authorized (in shares)   50,000,000   50,000,000       50,000,000   50,000,000    
Preferred shares, par value per share (in dollars per share) | $ / shares   $ 0.001   $ 0.001       $ 0.001   $ 0.001    
Common shares, issued (in shares) 3,750,000 26,978,270   22,835,695       26,978,270   22,835,695    
Share price (in dollars per share) | $ / shares $ 13.3386                      
Proceeds from issuance of common shares, net of offering costs | $ $ 49,700             $ 49,725 $ 5,267      
Payments of exchange offer costs | $               $ 0 $ 6      
Equity distribution agreements, authorized amount | $                     $ 50,000 $ 50,000
Number of equity distribution agreements | agreement                     6 5
Ownership interest in operating partnership               98.60%        
Conversion basis for common shares to OP units   1           1        
Weighted-average share ownership in operating partnership   98.40%       97.80%   98.30% 97.70%      
Common Stock [Member] | ATM Program [Member]                        
Class of Stock [Line Items]                        
Stock issued (in shares)                 377,983      
Proceeds from issuance of equity | $                 $ 5,300      
Payments of exchange offer costs | $                 $ 100      
Preferred Stock [Member]                        
Class of Stock [Line Items]                        
Preferred shares, shares authorized (in shares)   50,000,000           50,000,000        
Preferred shares, par value per share (in dollars per share) | $ / shares   $ 0.001           $ 0.001        
OP Units [Member]                        
Class of Stock [Line Items]                        
OP units outstanding (in shares)   27,247,256   22,926,599       27,247,256   22,926,599    
OP units owned (in shares)   26,857,448   22,528,207       26,857,448   22,528,207    
Conversion of stock, shares converted (in shares)   802       84,431   8,584 95,834      
Cash Distribution [Member]                        
Class of Stock [Line Items]                        
Cash distribution paid | $   $ 6,712 $ 6,639 $ 6,598 $ 6,583 $ 6,519 $ 6,389 $ 13,351   $ 26,089    
Cash Distribution [Member] | Common Stock [Member]                        
Class of Stock [Line Items]                        
Cash distribution paid (in dollars per share) | $ / shares   $ 0.2850 $ 0.2850 $ 0.2850 $ 0.2850 $ 0.2850 $ 0.2850 $ 0.5700   $ 1.1400    
Cash distribution paid | $   $ 6,601 $ 6,526 $ 6,484 $ 6,457 $ 6,367 $ 6,231 $ 13,127   $ 25,539    
Cash Distribution [Member] | OP Units [Member]                        
Class of Stock [Line Items]                        
Cash distribution paid (in dollars per share) | $ / shares   $ 0.2850 $ 0.2850 $ 0.2850 $ 0.2850 $ 0.2850 $ 0.2850 $ 0.5700   $ 1.1400    
Cash distribution paid | $   $ 111 $ 113 $ 114 $ 126 $ 152 $ 158 $ 224   $ 550    
XML 27 R29.htm IDEA: XBRL DOCUMENT v3.2.0.727
Equity (Tables)
 6 Months Ended
Jun. 30, 2015
Stockholders' Equity Note [Abstract]  
Schedule of Distributions
The following table summarizes the cash distributions paid or payable to holders of common shares and to holders of noncontrolling OP units during each quarter during 2014 and the six months ended June 30, 2015 (in thousands, except per share/unit data):

 
 
Common Shares
 
Noncontrolling OP Unit Holders
 
Total
Quarter Paid
 
Distributions Per Common Share
 
Total Amount Paid
 
Distributions Per OP Unit
 
Total Amount Paid
 
Total Amount Paid
2015
 
 
 
 
 
 
 
 
 
 
Second Quarter
 
$
0.2850

 
$
6,601

 
$
0.2850

 
$
111

 
$
6,712

First Quarter
 
0.2850

 
6,526

 
0.2850

 
113

 
6,639

Total
 
$
0.5700

 
$
13,127

 
$
0.5700

 
$
224

 
$
13,351

 
 
 
 
 
 
 
 
 
 
 
2014
 
 
 
 
 
 
 
 
 
 
Fourth Quarter
 
$
0.2850

 
$
6,484

 
$
0.2850

 
$
114

 
$
6,598

Third Quarter
 
0.2850

 
6,457

 
0.2850

 
126

 
6,583

Second Quarter
 
0.2850

 
6,367

 
0.2850

 
152

 
6,519

First Quarter
 
0.2850

 
6,231

 
0.2850

 
158

 
6,389

Total
 
$
1.1400

 
$
25,539

 
$
1.1400

 
$
550

 
$
26,089
XML 28 R28.htm IDEA: XBRL DOCUMENT v3.2.0.727
Earnings (Loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in thousands, except per share data)
 
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
1,593

 
$
1,134

 
$
3,222

 
$
3,446

Less: Net income attributable to noncontrolling interests
 
(26
)
 
(24
)
 
(54
)
 
(81
)
Distributions paid on unvested restricted shares
 
(163
)
 
(54
)
 
(270
)
 
(73
)
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares
 
1,404

 
1,056

 
2,898

 
3,292

Income (loss) from discontinued operations
 
(33
)
 
146

 
(41
)
 
266

Less: Net (income) loss attributable to noncontrolling interests
 
—

 
(3
)
 
1

 
(6
)
Income (loss) from discontinued operations attributable to Whitestone REIT
 
(33
)
 
143

 
(40
)
 
260

Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares
 
$
1,371

 
$
1,199

 
$
2,858

 
$
3,552

 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
Weighted average number of common shares - basic
 
22,869

 
22,235

 
22,724

 
22,030

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Unvested restricted shares
 
532

 
208

 
590

 
162

Weighted average number of common shares - dilutive
 
23,401

 
22,443

 
23,314

 
22,192

 
 
 
 
 
 
 
 
 
Earnings Per Share:
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares
 
$
0.06

 
$
0.05

 
$
0.13

 
$
0.15

Income from discontinued operations attributable to Whitestone REIT
 
0.00

 
0.00

 
0.00

 
0.01

Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares
 
$
0.06

 
$
0.05

 
$
0.13

 
$
0.16

Diluted:
 
 
 
 
 
 
 
 
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares
 
$
0.06

 
$
0.05

 
$
0.12

 
$
0.15

Income from discontinued operations attributable to Whitestone REIT
 
0.00

 
0.00

 
0.00

 
0.01

Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares
 
$
0.06

 
$
0.05

 
$
0.12

 
$
0.16
XML 29 R44.htm IDEA: XBRL DOCUMENT v3.2.0.727
Incentive Share Plan (Narrative) (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
USD ($)
shares
Apr. 02, 2014
employee
shares
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Dec. 22, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Share-based compensation     $ 1,669 $ 1,234 $ 3,343 $ 1,607  
Minimum | Time-Based Vesting [Member]              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Award vesting period   1 year          
Maximum | Time-Based Vesting [Member]              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Award vesting period   2 years          
Restricted Common Shares and Restricted Share Units [Member] | Time and Performance-Based Vesting [Member]              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Number of employees granted an award | employee   51          
Aggregate shares granted (in shares) | shares   633,704          
Restricted Common Shares and Restricted Share Units [Member] | Time-Based Vesting [Member]              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Aggregate shares granted (in shares) | shares 143,000            
Restricted Common Shares and Restricted Share Units [Member] | Performance Vesting [Member]              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Aggregate shares granted (in shares) | shares   2,049,116          
Non-Cash Share Based Compensation in 2014 [Member]              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Unrecognized compensation cost $ 6,900   6,900   6,900    
Non-Cash Share Based Compensation Subsequent to 2014 [Member]              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Unrecognized compensation cost $ 12,800   $ 12,800   $ 12,800    
Unrecognized compensation cost, period for recognition         31 months    
2008 Long-Term Equity Incentive Ownership Plan [Member]              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Percentage of maximum number of shares issued under plan to aggregate shares             12.50%
2008 Long-Term Equity Incentive Ownership Plan [Member] | Restricted Common Shares and Restricted Share Units [Member]              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Vesting percentage 82.00%   82.00%   82.00%    
2008 Long-Term Equity Incentive Ownership Plan [Member] | Performance Shares [Member]              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Unrecognized compensation cost $ 11,500   $ 11,500   $ 11,500    
Award vesting period         45 months    
2008 Long-Term Equity Incentive Ownership Plan [Member] | Non-Vested Time Based Shares [Member]              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Unrecognized compensation cost $ 4,800   $ 4,800   $ 4,800    
Unrecognized compensation cost, period for recognition         21 months    
XML 30 R30.htm IDEA: XBRL DOCUMENT v3.2.0.727
Incentive Share Plan (Tables)
 6 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-Based Incentive Plan Activity
A summary of the share-based incentive plan activity as of and for the six months ended June 30, 2015 is as follows:
 
 
Shares
 
Weighted Average
Grant Date
Fair Value
Non-vested at January 1, 2015
 
2,411,068

 
$
14.45

Granted
 
267,280

 
13.65

Vested
 
(192,844
)
 
14.47

Forfeited
 
(71,995
)
 
14.44

Non-vested at June 30, 2015
 
2,413,509

 
$
14.36

Available for grant at June 30, 2015
 
970,051

 
 
Schedule of Nonvested and Vested Shares Activity
A summary of our non-vested and vested shares activity for the six months ended June 30, 2015 and years ended December 31, 2014, 2013, 2012 and 2011 is presented below:
 
 
Shares Granted
 
Shares Vested
 
 
Non-Vested Shares Issued
 
Weighted Average Grant-Date Fair Value
 
Vested Shares
 
Total Vest-Date Fair Value
 
 
 
 
 
 
 
 
(in thousands)
Six Months Ended June 30, 2015
 
267,280

 
$
13.65

 
(192,844
)
 
$
2,791

Year Ended December 31, 2014
 
2,058,930

 
14.40

 
(133,774
)
 
1,721

Year Ended December 31, 2013
 
328,005

 
15.43

 
(15,270
)
 
224

Year Ended December 31, 2012
 
99,700

 
13.03

 
(16,208
)
 
223

Year Ended December 31, 2011
 
—

 
—

 
(5,169
)
 
—
XML 31 R31.htm IDEA: XBRL DOCUMENT v3.2.0.727
Real Estate d (Tables)
 6 Months Ended
Jun. 30, 2015
Real Estate [Abstract]  
Schedule of operating results for properties classified as discontinued operations
The operating results for properties classified as discontinued operations consists of the following (in thousands):

 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2015
 
2014
 
2015
 
2014
Property revenues
 
$
—

 
$
412

 
1

 
824

Property expenses
 
36

 
175

 
44

 
344

Depreciation and amortization
 
—

 
74

 
—

 
153

Interest expense
 
—

 
15

 
—

 
58

Provision for income taxes
 
(2
)
 
2

 
(2
)
 
5

Loss (gain) on sale or disposal of assets
 
(1
)
 
—

 
—

 
(2
)
    Income (loss) from discontinued operations
 
$
(33
)
 
$
146

 
$
(41
)
 
$
266
XML 32 R8.htm IDEA: XBRL DOCUMENT v3.2.0.727
Summary of Significant Accounting Policies
 6 Months Ended
Jun. 30, 2015
Accounting Policies [Abstract]  
Significant Accounting Policies
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
Basis of Consolidation.  We are the sole general partner of the Operating Partnership and possess full legal control and authority over the operations of the Operating Partnership.  As of June 30, 2015 and December 31, 2014, we owned a majority of the partnership interests in the Operating Partnership.  Consequently, the accompanying consolidated financial statements include the accounts of the Operating Partnership.  All significant inter-company balances have been eliminated. Noncontrolling interests in the accompanying consolidated financial statements represents the share of equity and earnings of the Operating Partnership allocable to holders of partnership interests other than us.  Net income or loss is allocated to noncontrolling interests based on the weighted average percentage ownership of the Operating Partnership during the period.  Issuance of additional common shares of beneficial interest in Whitestone (the “common shares”) and units of limited partnership interest in the Operating Partnership that are convertible into cash or, at our option, common shares on a one-for-one basis (the “OP units”) changes the ownership interests of both the noncontrolling interests and Whitestone.
  
Basis of Accounting.  Our financial records are maintained on the accrual basis of accounting whereby revenues are recognized when earned and expenses are recorded when incurred.
 
Use of Estimates.   The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates that we use include the estimated fair values of properties acquired, the estimated useful lives for depreciable and amortizable assets and costs, the estimated allowance for doubtful accounts, the estimated fair value of interest rate swaps and the estimates supporting our impairment analysis for the carrying values of our real estate assets.  Actual results could differ from those estimates.
 
Reclassifications.  We have reclassified certain prior period amounts in the accompanying consolidated financial statements in order to be consistent with the current period presentation.  These reclassifications had no effect on net income, total assets, total liabilities or equity.
 
Marketable Securities. We classify our existing marketable equity securities as available-for-sale in accordance with the Financial Accounting Standards Board's (“FASB”) Investments-Debt and Equity Securities guidance. These securities are carried at fair value with unrealized gains and losses reported in equity as a component of accumulated other comprehensive income or loss. The fair value of the marketable securities is determined using Level 1 inputs under FASB Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures.” Level 1 inputs represent quoted prices available in an active market for identical investments as of the reporting date. Gains and losses on securities sold are based on the specific identification method, and are reported as a component of interest, dividend and other investment income.

Derivative Instruments and Hedging Activities. We occasionally utilize derivative financial instruments, principally interest rate swaps, to manage our exposure to fluctuations in interest rates. We have established policies and procedures for risk assessment, and the approval, reporting and monitoring of derivative financial instruments. We recognize our interest rate swaps as cash flow hedges with the effective portion of the changes in fair value recorded in comprehensive income (loss) and subsequently reclassified into earnings in the period that the hedged transaction affects earnings. Any ineffective portion of a cash flow hedges' change in fair value is recorded immediately into earnings. Our cash flow hedges are determined using Level 2 inputs under ASC 820. Level 2 inputs represent quoted prices in active markets for similar assets or liabilities; quoted prices in markets that are not active; and model-derived valuations whose inputs are observable. As of June 30, 2015, we consider our cash flow hedges to be highly effective.
        
Development Properties. Land, buildings and improvements are recorded at cost. Expenditures related to the development of real estate are carried at cost which includes capitalized carrying charges and development costs. Carrying charges (interest, real estate taxes, loan fees, and direct and indirect development costs related to buildings under construction), are capitalized as part of construction in progress. The capitalization of such costs ceases when the property, or any completed portion, becomes available for occupancy. For the three months ended June 30, 2015, approximately $32,000 and $21,000 in interest expense and real estate taxes, respectively, were capitalized, and for the six months ended June 30, 2015, approximately $58,000 and $37,000 in interest expense and real estate taxes, respectively, were capitalized. For the three months ended June 30, 2014, approximately $26,000 and $7,000 in interest expense and real estate taxes, respectively, were capitalized, and for the six months ended June 30, 2014, approximately $51,000 and $32,000 in interest expense and real estate taxes, respectively, were capitalized.

Share-Based Compensation.   From time to time, we award nonvested restricted common share awards or restricted common share unit awards, which may be converted into common shares, to executive officers and employees under our 2008 Long-Term Equity Incentive Ownership Plan (the “2008 Plan”).  The vast majority of the awarded shares and units vest when certain performance conditions are met.  We recognize compensation expense when achievement of the performance conditions is probable based on management's most recent estimates using the fair value of the shares as of the grant date. We recognized $1,669,000 and $1,234,000 in share-based compensation for the three months ended June 30, 2015 and 2014, respectively, and we recognized $3,343,000 and $1,607,000 in share-based compensation for the six months ended June 30, 2015 and 2014, respectively.

Noncontrolling Interests.  Noncontrolling interests is the portion of equity in a subsidiary not attributable to a parent.  The ownership interests not held by the parent are considered noncontrolling interests.  Accordingly, we have reported noncontrolling interests in equity on the consolidated balance sheets but separate from Whitestone's equity.  On the consolidated statements of operations, subsidiaries are reported at the consolidated amount, including both the amount attributable to Whitestone and noncontrolling interests.  The consolidated statement of changes in equity is included for quarterly financial statements, including beginning balances, activity for the period and ending balances for shareholders' equity, noncontrolling interests and total equity.
 
See our Annual Report on Form 10-K for the year ended December 31, 2014 for further discussion on significant accounting policies.
 
Recent Accounting Pronouncements.  In April 2014, the FASB issued guidance updating the criteria for reporting the disposal of a component of an entity as a discontinued operation. This guidance was effective for reporting periods beginning on or after December 15, 2014 with early adoption permitted only for disposals that have not been reported in financial statements previously issued or available for issuance. We have adopted the guidance beginning with the year ended December 31, 2014.

In April 2015, the FASB issued guidance requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. This guidance is effective retrospectively for reporting periods beginning on or after December 15, 2015 with early adoption permitted only for financial statements that have not been previously issued. We are currently in the process of evaluating the impact of adoption on our consolidated balance sheets.
XML 33 R32.htm IDEA: XBRL DOCUMENT v3.2.0.727
Interim Financial Statements (Details)
 1 Months Ended
Jul. 31, 2004
shares
Jun. 30, 2015
CommercialProperties
Dec. 31, 2014
CommercialProperties
Real Estate Properties [Line Items]      
Reorganization and conversion, number of common shares (in shares) 1.42857    
Wholly Owned Properties [Member]      
Real Estate Properties [Line Items]      
Number of commercial properties (in commercial properties) | CommercialProperties   65 63
XML 34 R40.htm IDEA: XBRL DOCUMENT v3.2.0.727
Derivatives and Hedging Activities (Details) - Interest Rate Swaps [Member] - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Interest Expense [Member]          
Derivative [Line Items]          
Amount Recognized as Comprehensive Income (Loss) $ 43 $ (259) $ (276) $ (297)  
Amount of Gain (Loss) Recognized in Earnings (203) $ (192) (410) $ (382)  
Accounts Payable and Accrued Expenses [Member]          
Derivative [Line Items]          
Estimated Fair Value $ 1,116   $ 1,116   $ 1,016
XML 35 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Real estate assets, at cost    
Property $ 730,165 $ 673,655
Accumulated depreciation (80,138) (71,587)
Total real estate assets 650,027 602,068
Cash and cash equivalents 6,251 4,236
Marketable securities 422 973
Escrows and acquisition deposits 4,864 4,092
Accrued rents and accounts receivable, net of allowance for doubtful accounts 12,830 11,834
Unamortized lease commissions and loan costs 8,351 8,879
Prepaid expenses and other assets 2,858 2,215
Total assets 685,603 634,297
Liabilities:    
Notes payable 403,287 394,093
Accounts payable and accrued expenses 15,940 15,882
Tenants' security deposits 4,639 4,372
Dividends and distributions payable 7,800 6,627
Total liabilities 431,666 420,974
Commitments and contingencies: 0 0
Equity:    
Preferred shares, $0.001 par value per share; 50,000,000 shares authorized; none issued and outstanding as of June 30, 2015 and December 31, 2014 0 0
Common shares, $0.001 par value per share; 400,000,000 shares authorized; 26,978,270 and 22,835,695 issued and outstanding as of June 30, 2015 and December 31, 2014, respectively 27 23
Additional paid-in capital 356,517 304,078
Accumulated deficit (105,140) (93,938)
Accumulated other comprehensive loss (461) (91)
Total Whitestone REIT shareholders' equity 250,943 210,072
Noncontrolling interest in subsidiary 2,994 3,251
Total equity 253,937 213,323
Total liabilities and equity $ 685,603 $ 634,297
XML 36 R45.htm IDEA: XBRL DOCUMENT v3.2.0.727
Incentive Share Plan (Schedule of Share-Based Incentive Plan Activity) (Details) - 2008 Long-Term Equity Incentive Ownership Plan [Member] - $ / shares
 6 Months Ended 12 Months Ended
Jun. 30, 2015
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]          
Shares, Non-vested (in shares) 2,411,068        
Weighted-Average Grant Date Fair Value, Non-vested (in dollars per share) $ 14.45        
Shares, Granted (in shares) 267,280 2,058,930 328,005 99,700 0
Weighted-Average Grant Date Fair Value, Granted (in dollars per share) $ 13.65 $ 14.40 $ 15.43 $ 13.03 $ 0.00
Shares, Vested (in shares) (192,844) (133,774) (15,270) (16,208) (5,169)
Weighted-Average Grant Date Fair Value, Vested (in dollars per share) $ 14.47        
Shares, Forfeited (in shares) (71,995)        
Weighted-Average Grant Date Fair Value, Forfeited (in dollars per share) $ 14.44        
Shares, Non-vested (in shares) 2,413,509 2,411,068      
Weighted-Average Grant Date Fair Value, Non-vested (in dollars per share) $ 14.36 $ 14.45      
Shares, Available for grant (in shares) 970,051        
XML 37 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income from continuing operations $ 3,222,000 $ 3,446,000
Income (loss) from discontinued operations (41,000) 266,000
Net income 3,181,000 3,712,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,239,000 7,663,000
Amortization of deferred loan costs 601,000 405,000
Amortization of notes payable discount 149,000 153,000
Gain on sale of marketable securities (44,000) 0
Loss on sale or disposal of assets and properties 100,000 111,000
Bad debt expense 771,000 1,052,000
Share-based compensation 3,359,000 1,564,000
Changes in operating assets and liabilities:    
Escrows and acquisition deposits (772,000) (324,000)
Accrued rent and accounts receivable (1,767,000) (1,357,000)
Unamortized lease commissions (610,000) (557,000)
Prepaid expenses and other assets 323,000 345,000
Accounts payable and accrued expenses (235,000) (739,000)
Tenants' security deposits 267,000 219,000
Net cash provided by operating activities 14,603,000 11,981,000
Net cash provided by (used in) operating activities of discontinued operations (41,000) 250,000
Cash flows from investing activities:    
Acquisitions of real estate (51,800,000) 0
Additions to real estate (5,009,000) (4,847,000)
Proceeds from sales of marketable securities 496,000 0
Net cash used in investing activities (56,313,000) (4,847,000)
Net cash used in investing activities of discontinued operations 0 (143,000)
Cash flows from financing activities:    
Distributions paid to common shareholders (13,127,000) (12,598,000)
Distributions paid to OP unit holders (224,000) (310,000)
Proceeds from issuance of common shares, net of offering costs 49,725,000 5,267,000
Payments of exchange offer costs 0 (6,000)
Proceeds from revolving credit facility, net 9,500,000 3,000,000
Repayments of notes payable (1,336,000) (1,114,000)
Repurchase of common shares (772,000) (24,000)
Net cash provided by (used in) financing activities 43,766,000 (5,785,000)
Net cash used in financing activities of discontinued operations 0 (2,905,000)
Net increase (decrease) in cash and cash equivalents 2,015,000 (1,449,000)
Cash and cash equivalents at beginning of period 4,236,000 6,491,000
Cash and cash equivalents at end of period 6,251,000 5,042,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 6,409,000 4,447,000
Cash paid for taxes 315,000 238,000
Non cash investing and financing activities:    
Disposal of fully depreciated real estate 48,000 2,560,000
Financed insurance premiums 1,057,000 888,000
Value of shares issued under dividend reinvestment plan 47,000 50,000
Value of common shares exchanged for OP units 81,000 870,000
Change in fair value of available-for-sale securities (98,000) 105,000
Change in fair value of cash flow hedge $ (276,000) $ (297,000)
XML 38 R35.htm IDEA: XBRL DOCUMENT v3.2.0.727
Accrued Rents and Accounts Receivable, Net (Details) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Receivables [Abstract]    
Tenant receivables $ 9,167 $ 7,998
Accrued rents and other recoveries 9,156 8,800
Allowance for doubtful accounts (5,493) (4,964)
Total $ 12,830 $ 11,834
XML 39 R22.htm IDEA: XBRL DOCUMENT v3.2.0.727
Summary of Significant Accounting Policies (Policies)
 6 Months Ended
Jun. 30, 2015
Accounting Policies [Abstract]  
Basis of Consolidation
Basis of Consolidation.  We are the sole general partner of the Operating Partnership and possess full legal control and authority over the operations of the Operating Partnership.  As of June 30, 2015 and December 31, 2014, we owned a majority of the partnership interests in the Operating Partnership.  Consequently, the accompanying consolidated financial statements include the accounts of the Operating Partnership.  All significant inter-company balances have been eliminated. Noncontrolling interests in the accompanying consolidated financial statements represents the share of equity and earnings of the Operating Partnership allocable to holders of partnership interests other than us.  Net income or loss is allocated to noncontrolling interests based on the weighted average percentage ownership of the Operating Partnership during the period.  Issuance of additional common shares of beneficial interest in Whitestone (the “common shares”) and units of limited partnership interest in the Operating Partnership that are convertible into cash or, at our option, common shares on a one-for-one basis (the “OP units”) changes the ownership interests of both the noncontrolling interests and Whitestone.
Basis of Accounting
Basis of Accounting.  Our financial records are maintained on the accrual basis of accounting whereby revenues are recognized when earned and expenses are recorded when incurred.
Use of Estimates
Use of Estimates.   The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates that we use include the estimated fair values of properties acquired, the estimated useful lives for depreciable and amortizable assets and costs, the estimated allowance for doubtful accounts, the estimated fair value of interest rate swaps and the estimates supporting our impairment analysis for the carrying values of our real estate assets.  Actual results could differ from those estimates.
Reclassifications
Reclassifications.  We have reclassified certain prior period amounts in the accompanying consolidated financial statements in order to be consistent with the current period presentation.  These reclassifications had no effect on net income, total assets, total liabilities or equity.
Marketable Securities
Marketable Securities. We classify our existing marketable equity securities as available-for-sale in accordance with the Financial Accounting Standards Board's (“FASB”) Investments-Debt and Equity Securities guidance. These securities are carried at fair value with unrealized gains and losses reported in equity as a component of accumulated other comprehensive income or loss. The fair value of the marketable securities is determined using Level 1 inputs under FASB Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures.” Level 1 inputs represent quoted prices available in an active market for identical investments as of the reporting date. Gains and losses on securities sold are based on the specific identification method, and are reported as a component of interest, dividend and other investment income.
Derivative Instruments and Hedging Activities
Derivative Instruments and Hedging Activities. We occasionally utilize derivative financial instruments, principally interest rate swaps, to manage our exposure to fluctuations in interest rates. We have established policies and procedures for risk assessment, and the approval, reporting and monitoring of derivative financial instruments. We recognize our interest rate swaps as cash flow hedges with the effective portion of the changes in fair value recorded in comprehensive income (loss) and subsequently reclassified into earnings in the period that the hedged transaction affects earnings. Any ineffective portion of a cash flow hedges' change in fair value is recorded immediately into earnings. Our cash flow hedges are determined using Level 2 inputs under ASC 820. Level 2 inputs represent quoted prices in active markets for similar assets or liabilities; quoted prices in markets that are not active; and model-derived valuations whose inputs are observable. As of June 30, 2015, we consider our cash flow hedges to be highly effective.
Development Properties
Development Properties. Land, buildings and improvements are recorded at cost. Expenditures related to the development of real estate are carried at cost which includes capitalized carrying charges and development costs. Carrying charges (interest, real estate taxes, loan fees, and direct and indirect development costs related to buildings under construction), are capitalized as part of construction in progress. The capitalization of such costs ceases when the property, or any completed portion, becomes available for occupancy. For the three months ended June 30, 2015, approximately $32,000 and $21,000 in interest expense and real estate taxes, respectively, were capitalized, and for the six months ended June 30, 2015, approximately $58,000 and $37,000 in interest expense and real estate taxes, respectively, were capitalized. For the three months ended June 30, 2014, approximately $26,000 and $7,000 in interest expense and real estate taxes, respectively, were capitalized, and for the six months ended June 30, 2014, approximately $51,000 and $32,000 in interest expense and real estate taxes, respectively, were capitalized.
Share-Based Compensation
Share-Based Compensation.   From time to time, we award nonvested restricted common share awards or restricted common share unit awards, which may be converted into common shares, to executive officers and employees under our 2008 Long-Term Equity Incentive Ownership Plan (the “2008 Plan”).  The vast majority of the awarded shares and units vest when certain performance conditions are met.  We recognize compensation expense when achievement of the performance conditions is probable based on management's most recent estimates using the fair value of the shares as of the grant date. We recognized $1,669,000 and $1,234,000 in share-based compensation for the three months ended June 30, 2015 and 2014, respectively, and we recognized $3,343,000 and $1,607,000 in share-based compensation for the six months ended June 30, 2015 and 2014, respectively
Noncontrolling Interests
Noncontrolling Interests.  Noncontrolling interests is the portion of equity in a subsidiary not attributable to a parent.  The ownership interests not held by the parent are considered noncontrolling interests.  Accordingly, we have reported noncontrolling interests in equity on the consolidated balance sheets but separate from Whitestone's equity.  On the consolidated statements of operations, subsidiaries are reported at the consolidated amount, including both the amount attributable to Whitestone and noncontrolling interests.  The consolidated statement of changes in equity is included for quarterly financial statements, including beginning balances, activity for the period and ending balances for shareholders' equity, noncontrolling interests and total equity.
Recent Accounting Pronouncements
Recent Accounting Pronouncements.  In April 2014, the FASB issued guidance updating the criteria for reporting the disposal of a component of an entity as a discontinued operation. This guidance was effective for reporting periods beginning on or after December 15, 2014 with early adoption permitted only for disposals that have not been reported in financial statements previously issued or available for issuance. We have adopted the guidance beginning with the year ended December 31, 2014.

In April 2015, the FASB issued guidance requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. This guidance is effective retrospectively for reporting periods beginning on or after December 15, 2015 with early adoption permitted only for financial statements that have not been previously issued. We are currently in the process of evaluating the impact of adoption on our consolidated balance sheets.
XML 40 R36.htm IDEA: XBRL DOCUMENT v3.2.0.727
Unamortized Leasing Commissions and Loan Costs (Details) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Lease commissions $ 6,121 $ 5,936
Deferred financing cost 5,821 5,785
Total cost 11,942 11,721
Less: lease commissions accumulated amortization (2,521) (2,373)
Less: deferred financing cost accumulated amortization (1,070) (469)
Total cost, net of accumulated amortization $ 8,351 $ 8,879
XML 41 R24.htm IDEA: XBRL DOCUMENT v3.2.0.727
Accrued Rents and Accounts Receivable, Net (Tables)
 6 Months Ended
Jun. 30, 2015
Receivables [Abstract]  
Schedule of Accrued Rent and Accounts Receivable, Net
Accrued rents and accounts receivable, net consists of amounts accrued, billed and due from tenants, allowance for doubtful accounts and other receivables as follows (in thousands):

 
 
June 30, 2015
 
December 31, 2014
 
 
 
 
 
Tenant receivables
 
$
9,167

 
$
7,998

Accrued rents and other recoveries
 
9,156

 
8,800

Allowance for doubtful accounts
 
(5,493
)
 
(4,964
)
Total
 
$
12,830

 
$
11,834
XML 42 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 43 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
Interim Financial Statements
 6 Months Ended
Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Interim Financial Statements
INTERIM FINANCIAL STATEMENTS
 
The consolidated financial statements included in this report are unaudited; however, amounts presented in the consolidated balance sheet as of December 31, 2014 are derived from our audited consolidated financial statements as of that date.  The unaudited financial statements as of and for the period ended June 30, 2015 have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information on a basis consistent with the annual audited consolidated financial statements and with the instructions to Form 10-Q.
 
The consolidated financial statements presented herein reflect all adjustments which, in the opinion of management, are necessary for a fair presentation of the financial position of Whitestone and our subsidiaries as of June 30, 2015, and the results of operations for the three and six month periods ended June 30, 2015 and 2014, the consolidated statements of changes in equity for the six month period ended June 30, 2015 and cash flows for the six month periods ended June 30, 2015 and 2014.  All of these adjustments are of a normal recurring nature.  The results of operations for the interim periods are not necessarily indicative of the results expected for a full year.  The statements should be read in conjunction with the audited consolidated financial statements and the notes thereto which are included in our Annual Report on Form 10-K for the year ended December 31, 2014.
 
Business.  Whitestone was formed as a real estate investment trust (“REIT”), pursuant to the Texas Real Estate Investment Trust Act on August 20, 1998.  In July 2004, we changed our state of organization from Texas to Maryland pursuant to a merger where we merged directly with and into a Maryland REIT formed for the sole purpose of the reorganization and the conversion of each of our outstanding common shares of beneficial interest of the Texas entity into 1.42857 common shares of beneficial interest of the Maryland entity.  We serve as the general partner of Whitestone REIT Operating Partnership, L.P. (the “Operating Partnership”), which was formed on December 31, 1998 as a Delaware limited partnership.  We currently conduct substantially all of our operations and activities through the Operating Partnership.  As the general partner of the Operating Partnership, we have the exclusive power to manage and conduct the business of the Operating Partnership, subject to certain customary exceptions.  As of June 30, 2015 and December 31, 2014, Whitestone owned and operated 65 and 63 commercial properties, respectively, in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix and San Antonio.
XML 44 R3.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Balance Sheets (Parenthetical) - $ / shares
Jun. 30, 2015
Dec. 31, 2014
Statement of Financial Position [Abstract]    
Preferred shares, par value per share (in dollars per share) $ 0.001 $ 0.001
Preferred shares, shares authorized (in shares) 50,000,000 50,000,000
Preferred shares, shares issued (in shares) 0 0
Preferred shares, shares outstanding (in shares) 0 0
Common shares, par value per share (in dollars per share) $ 0.001 $ 0.001
Common shares, authorized (in shares) 400,000,000 400,000,000
Common shares, issued (in shares) 26,978,270 22,835,695
Common shares, outstanding (in shares) 26,978,270 22,835,695
XML 45 R17.htm IDEA: XBRL DOCUMENT v3.2.0.727
Incentive Share Plan
 6 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Employee Incentive Share Plan
INCENTIVE SHARE PLAN
 
On July 29, 2008, our shareholders approved the 2008 Plan. On December 22, 2010, our board of trustees amended the 2008 Plan to allow for awards in or related to Class B common shares pursuant to the 2008 Plan. On June 27, 2012, our Class B common shares were redesignated as “common shares.” The 2008 Plan, as amended, provides that awards may be made with respect to common shares of Whitestone or OP units, which may be converted into cash or, at our option, common shares of Whitestone. The maximum aggregate number of common shares that may be issued under the 2008 Plan is increased upon each issuance of common shares by Whitestone so that at any time the maximum number of shares that may be issued under the 2008 Plan shall equal 12.5% of the aggregate number of common shares of Whitestone and OP units issued and outstanding (other than shares and/or OP units issued to or held by Whitestone).

The Compensation Committee of our board of trustees administers the 2008 Plan, except with respect to awards to non-employee trustees, for which the 2008 Plan is administered by our board of trustees.  The Compensation Committee is authorized to grant share options, including both incentive share options and non-qualified share options, as well as share appreciation rights, either with or without a related option. The Compensation Committee is also authorized to grant restricted common shares, restricted common share units, performance awards and other share-based awards. 

On April 2, 2014, the Compensation Committee approved the modification of the vesting provisions with respect to awards of an aggregate of 633,704 restricted common shares and restricted common share units for 51 of our employees. The modified time-based shares will vest annually in three equal installments. The modified performance-based restricted common shares and restricted common share units were modified to include performance-based vesting based on achievement of certain absolute financial goals, as well as one to two years of time-based vesting post achievement of financial goals. Continued employment is required through the applicable vesting date. Additionally, 2,049,116 restricted performance-based common share units were granted with the same vesting conditions as the modified performance-based grants described above. If the performance targets are not met prior to December 31, 2018, any unvested performance-based restricted common shares and restricted common units will be forfeited.

On June 30, 2015, the Compensation Committee approved the grant of an aggregate of 143,000 time-based restricted common share units to James C. Mastandrea and David K. Holeman.

A summary of the share-based incentive plan activity as of and for the six months ended June 30, 2015 is as follows:
 
 
Shares
 
Weighted Average
Grant Date
Fair Value
Non-vested at January 1, 2015
 
2,411,068

 
$
14.45

Granted
 
267,280

 
13.65

Vested
 
(192,844
)
 
14.47

Forfeited
 
(71,995
)
 
14.44

Non-vested at June 30, 2015
 
2,413,509

 
$
14.36

Available for grant at June 30, 2015
 
970,051

 
 

A summary of our non-vested and vested shares activity for the six months ended June 30, 2015 and years ended December 31, 2014, 2013, 2012 and 2011 is presented below:
 
 
Shares Granted
 
Shares Vested
 
 
Non-Vested Shares Issued
 
Weighted Average Grant-Date Fair Value
 
Vested Shares
 
Total Vest-Date Fair Value
 
 
 
 
 
 
 
 
(in thousands)
Six Months Ended June 30, 2015
 
267,280

 
$
13.65

 
(192,844
)
 
$
2,791

Year Ended December 31, 2014
 
2,058,930

 
14.40

 
(133,774
)
 
1,721

Year Ended December 31, 2013
 
328,005

 
15.43

 
(15,270
)
 
224

Year Ended December 31, 2012
 
99,700

 
13.03

 
(16,208
)
 
223

Year Ended December 31, 2011
 
—

 
—

 
(5,169
)
 
—


    
Total compensation recognized in earnings for share-based payments was $1,669,000 and $1,234,000 for the three months ended June 30, 2015 and 2014, respectively, and $3,343,000 and $1,607,000 for the six months ended June 30, 2015 and 2014, respectively.

Based on our current financial projections, we expect approximately 82% of the unvested awards to vest over the next 45 months. As of June 30, 2015, there was approximately $11.5 million in unrecognized compensation cost related to outstanding non-vested performance-based shares, which are expected to vest over a period of 45 months and approximately $4.8 million in unrecognized compensation cost related to outstanding non-vested time-based shares, which are expected to be recognized over a period of approximately 21 months beginning on July 1, 2015.

We expect to record approximately $6.9 million in non-cash share-based compensation expense in 2015 and $12.8 million subsequent to 2015. The unrecognized share-based compensation cost is expected to vest over a weighted average period of 31 months. The dilutive impact of the performance-based shares will be included in the denominator of the earnings per share calculation beginning in the period that the performance conditions are expected to be met.
XML 46 R1.htm IDEA: XBRL DOCUMENT v3.2.0.727
Document and Entity Information - shares
 6 Months Ended
Jun. 30, 2015
Aug. 05, 2015
Document and Entity Information [Abstract]    
Entity Registrant Name Whitestone REIT  
Entity Central Index Key 0001175535  
Current Fiscal Year End Date --12-31  
Entity Filer Category Accelerated Filer  
Document Type 10-Q  
Document Period End Date Jun. 30, 2015  
Document Fiscal Year Focus 2015  
Document Fiscal Period Focus Q2  
Amendment Flag false  
Entity Common Stock, Shares Outstanding   26,977,682
XML 47 R18.htm IDEA: XBRL DOCUMENT v3.2.0.727
Grants to Trustees
 6 Months Ended
Jun. 30, 2015
Grants to Trustees [Abstract]  
Grants To Trustees
GRANTS TO TRUSTEES

On October 24, 2014, each of our four independent trustees and one trustee emeritus was granted 1,500 common shares, which vested immediately. The 7,500 common shares granted to our trustees had a grant date fair value of $14.53 per share. On December 9, 2014, two of our independent trustees elected to receive a total of 2,314 common shares with a grant date fair value of $14.69 in lieu of cash for board fees. The fair value of the shares granted were determined using quoted prices available on the date of grant.
XML 48 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Property revenues        
Rental revenues $ 17,176 $ 13,443 $ 33,641 $ 27,057
Other revenues 4,794 3,819 9,581 7,580
Total property revenues 21,970 17,262 43,222 34,637
Property expenses        
Property operation and maintenance 4,339 4,013 8,422 7,537
Real estate taxes 2,925 2,205 5,829 4,482
Total property expenses 7,264 6,218 14,251 12,019
Other expenses (income)        
General and administrative 4,998 3,582 9,483 6,539
Depreciation and amortization 4,675 3,834 9,239 7,663
Interest expense 3,516 2,434 6,924 4,763
Interest, dividend and other investment income (162) (19) (171) (40)
Total other expense 13,027 9,831 25,475 18,925
Income from continuing operations before gain (loss) on sale or disposal of assets and income taxes 1,679 1,213 3,496 3,693
Provision for income taxes (91) (55) (174) (136)
Gain (loss) on sale or disposal of assets 5 (24) (100) (111)
Income from continuing operations 1,593 1,134 3,222 3,446
Income (loss) from discontinued operations (33) 146 (41) 266
Net income 1,560 1,280 3,181 3,712
Less: Net income attributable to noncontrolling interests 26 27 53 87
Net income attributable to Whitestone REIT $ 1,534 $ 1,253 $ 3,128 $ 3,625
Basic Earnings Per Share:        
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares (in dollars per share) $ 0.06 $ 0.05 $ 0.13 $ 0.15
Income from discontinued operations attributable to Whitestone REIT (in dollars per share) 0.00 0.00 0.00 0.01
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares (in dollars per share) 0.06 0.05 0.13 0.16
Diluted Earnings Per Share:        
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares (in dollars per share) 0.06 0.05 0.12 0.15
Income from discontinued operations attributable to Whitestone REIT (in dollars per share) 0.00 0.00 0.00 0.01
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares (in dollars per share) $ 0.06 $ 0.05 $ 0.12 $ 0.16
Weighted average number of common shares outstanding:        
Basic (in shares) 22,869 22,235 22,724 22,030
Diluted (in shares) 23,401 22,443 23,314 22,192
Distributions declared per common share / OP unit (in dollars per share) $ 0.2850 $ 0.2850 $ 0.5700 $ 0.5700
Consolidated Statements of Comprehensive Income        
Net income $ 1,560 $ 1,280 $ 3,181 $ 3,712
Other comprehensive gain (loss)        
Unrealized gain (loss) on cash flow hedging activities 43 (259) (276) (297)
Unrealized gain (loss) on available-for-sale marketable securities (139) 22 (98) 105
Comprehensive income 1,464 1,043 2,807 3,520
Less: Comprehensive income attributable to noncontrolling interests 24 23 47 82
Comprehensive income attributable to Whitestone REIT $ 1,440 $ 1,020 $ 2,760 $ 3,438
XML 49 R12.htm IDEA: XBRL DOCUMENT v3.2.0.727
Debt
 6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]  
Debt Disclosure
DEBT

Certain subsidiaries of Whitestone are the borrowers under various financing arrangements. These subsidiaries are separate legal entities and their respective assets and credit are not available to satisfy the debt of Whitestone or any of its other subsidiaries.
Debt consisted of the following as of the dates indicated (in thousands):
Description
 
June 30, 2015
 
December 31, 2014
Fixed rate notes
 
 
 
 
$10.5 million, LIBOR plus 2.00% Note, due September 24, 2018 (1)
 
$
10,340

 
$
10,460

$50.0 million, 0.84% plus 1.75% to 2.50% Note, due February 17, 2017 (2)
 
50,000

 
50,000

$37.0 million 3.76% Note, due December 1, 2020
 
35,623

 
36,090

$6.5 million 3.80% Note, due January 1, 2019
 
6,273

 
6,355

$19.0 million 4.15% Note, due December 1, 2024
 
19,000

 
19,000

$20.2 million 4.28% Note, due June 6, 2023
 
20,200

 
20,200

$14.0 million 4.34% Note, due September 11, 2024
 
14,000

 
14,000

$14.3 million 4.34% Note, due September 11, 2024
 
14,300

 
14,300

$16.5 million 4.97% Note, due September 26, 2023
 
16,450

 
16,450

$15.1 million 4.99% Note, due January 6, 2024
 
15,060

 
15,060

$9.2 million, Prime Rate less 2.00%, due December 29, 2017 (3)
 
7,887

 
7,888

$2.6 million 5.46% Note, due October 1, 2023
 
2,568

 
2,583

$11.1 million 5.87% Note, due August 6, 2016
 
11,457

 
11,607

$0.9 million 2.97% Note, due November 28, 2015
 
529

 
—

Floating rate notes
 
 
 
 
Unsecured line of credit, LIBOR plus 1.40% to 1.95%, due November 7, 2018
 
129,600

 
120,100

$50.0 million, LIBOR plus 1.35% to 1.90% Note, due November 7, 2019
 
50,000

 
50,000

 
 
$
403,287

 
$
394,093


(1) 
Promissory note includes an interest rate swap that fixed the interest rate at 3.55% for the duration of the term.

(2) 
Promissory note includes an interest rate swap that fixed the LIBOR portion of our $50 million term loan under our previous unsecured revolving credit facility at 0.84%.

(3) 
Promissory note includes an interest rate swap that fixed the interest rate at 5.72% for the duration of the term. As part of our acquisition of Paradise Plaza in August 2012, we recorded a discount on the note of $1.3 million, which amortizes into interest expense over the life of the loan and results in an imputed interest rate of 4.13%.

On December 24, 2014, we assumed a $2.6 million promissory note as part of our acquisition of the hard corner at Village Square at Dana Park (See Note 14). The 5.46% fixed interest rate note matures October 1, 2023.

On November 26, 2014, we, operating through our subsidiary, Whitestone Headquarters Village, LLC, a Delaware limited liability company, entered into a $19.0 million promissory note (the “Headquarters Note”), with a fixed interest rate of 4.15% payable to Morgan Stanley Bank, N.A. and a maturity date of December 1, 2024. Proceeds from the Headquarters Note were used to repay a portion of our unsecured revolving credit facility.

On November 7, 2014, we, through our Operating Partnership, entered into an unsecured revolving credit facility (the “Facility”) with the lenders party thereto, with BMO Capital Markets, Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and U.S. Bank, National Association, as co-lead arrangers and joint book runners, and Bank of Montreal, as administrative agent (the “Agent”). The Facility amended and restated our previous unsecured revolving credit facility. Proceeds from the Facility were used for general corporate purposes, including property acquisitions, debt repayment, capital expenditures, the expansion, redevelopment and re-tenanting of properties in our portfolio and working capital. We intend to use the additional proceeds from the Facility for general corporate purposes, including property acquisitions, debt repayment, capital expenditure, the expansion, redevelopment and re-tenanting of properties in our portfolio and working capital.

The Facility is comprised of three tranches:

•
$400 million unsecured revolving credit facility (the “Revolver”);
•
$50 million unsecured term loan (the “Term Loan 1”); and
•
$50 million unsecured term loan (the “Term Loan 2”).

The Facility includes an accordion feature that will allow the Operating Partnership to increase the borrowing capacity to $700 million, upon the satisfaction of certain conditions. The Revolver will mature on November 7, 2018, with an option to extend for one additional year to November 7, 2019, subject to certain conditions, including payment of an extension fee. The Term Loan 1 will mature on February 17, 2017, and the Term Loan 2 will mature on November 7, 2019.

Borrowings under the Facility accrue interest (at the Operating Partnership's option) at a Base Rate or an Adjusted LIBOR plus an applicable margin based upon our then existing leverage. The applicable margin for Adjusted LIBOR borrowings ranges from 1.40% to 1.95% for the Revolver and 1.35% to 1.90% for the term loans. Base Rate means the higher of: (a) the Agent's prime commercial rate, (b) the sum of (i) the average rate quoted by the Agent by two or more federal funds brokers selected by the Agent for sale to the Agent at face value of federal funds in the secondary market in an amount equal or comparable to the principal amount for which such rate is being determined, plus (ii) 1/2 of 1.00%, and (c) the LIBOR rate for such day plus 1.00%. Adjusted LIBOR means LIBOR divided by one minus the Eurodollar Reserve Percentage. The Eurodollar Reserve Percentage means the maximum reserve percentage at which reserves are imposed by the Board of Governors of the Federal Reserve System on eurocurrency liabilities.

We serve as the guarantor for funds borrowed by the Operating Partnership under the Facility. The Facility contains customary terms and conditions, including, without limitation, affirmative and negative covenants such as information reporting requirements, maximum secured indebtedness to total asset value, minimum EBITDA (earnings before interest, taxes, depreciation, amortization or extraordinary items) to fixed charges, and maintenance of a minimum net worth. The Facility also contains customary events of default with customary notice and cure, including, without limitation, nonpayment, breach of covenant, misrepresentation of representations and warranties in a material respect, cross-default to other major indebtedness, change of control, bankruptcy and loss of REIT tax status. As of June 30, 2015, we were in compliance with all covenants under the Facility.

As of June 30, 2015, $229.6 million was drawn on the Facility, and our remaining borrowing capacity was $270.4 million. Proceeds from the Facility were used for general corporate purposes, including property acquisitions, debt repayment, capital expenditures, the expansion, redevelopment and retenanting of properties in our portfolio and working capital.

On September 3, 2014, we, operating through our subsidiary, Whitestone Pecos Ranch, LLC, a Delaware limited liability company, entered into a $14.0 million promissory note (the “Pecos Note”), with a fixed interest rate of 4.34% payable to Wells Fargo Bank, National Association and a maturity date of September 11, 2024. Proceeds from the Pecos Note were used to repay a portion of our previous unsecured revolving credit facility.

On August 26, 2014, we, operating through our subsidiary, Whitestone Shops at Starwood, LLC, a Delaware limited liability company, entered into a $14.3 million promissory note (the “Starwood Note”), with a fixed interest rate of 4.34% payable to Wells Fargo Bank, National Association and a maturity date of September 11, 2024. Proceeds from the Starwood Note were used to repay a portion of our previous unsecured revolving credit facility.

As of June 30, 2015, our $173.2 million in secured debt was collateralized by 20 properties with a carrying value of $215.7 million.  Our loans contain restrictions that would require the payment of prepayment penalties for the acceleration of outstanding debt and are secured by deeds of trust on certain of our properties and by assignment of the rents and leases associated with those properties.  As of June 30, 2015, we were in compliance with all loan covenants.

Scheduled maturities of our outstanding debt as of June 30, 2015 were as follows (in thousands):
Year
 
Amount Due
 
 
 
2015
 
$
1,549

2016
 
13,269

2017
 
60,212

2018
 
141,736

2019
 
58,049

Thereafter
 
128,472

Total
 
$
403,287
XML 50 R11.htm IDEA: XBRL DOCUMENT v3.2.0.727
Unamortized Leasing Commissions and Loan Costs
 6 Months Ended
Jun. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Unamortized Leasing Comissions and Loan Costs
UNAMORTIZED LEASE COMMISSIONS AND LOAN COSTS

Costs which have been deferred consist of the following (in thousands):
 
 
June 30, 2015
 
December 31, 2014
 
 
 
 
 
Lease commissions
 
$
6,121

 
$
5,936

Deferred financing cost
 
5,821

 
5,785

Total cost
 
11,942

 
11,721

Less: lease commissions accumulated amortization
 
(2,521
)
 
(2,373
)
Less: deferred financing cost accumulated amortization
 
(1,070
)
 
(469
)
Total cost, net of accumulated amortization
 
$
8,351

 
$
8,879
XML 51 R23.htm IDEA: XBRL DOCUMENT v3.2.0.727
Marketable Securities (Tables)
 6 Months Ended
Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-Sale Securities
All of our marketable securities were classified as available-for-sale securities as of June 30, 2015 and December 31, 2014. Available-for-sale securities consisted of the following (in thousands):

 
 
June 30, 2015
 
 
Amortized Cost
 
Gains in Accumulated Other Comprehensive Income
 
Losses in Accumulated Other Comprehensive Income
 
Estimated Fair Value
Real estate sector common stock
 
$
654

 
$
—

 
$
(232
)
 
$
422

Total available-for-sale securities
 
$
654

 
$
—

 
$
(232
)
 
$
422


 
 
December 31, 2014
 
 
Amortized Cost
 
Gains in Accumulated Other Comprehensive Income
 
Losses in Accumulated Other Comprehensive Income
 
Estimated Fair Value
Real estate sector common stock
 
$
1,106

 
$
—

 
$
(133
)
 
$
973

Total available-for-sale securities
 
$
1,106

 
$
—

 
$
(133
)
 
$
973
XML 52 R19.htm IDEA: XBRL DOCUMENT v3.2.0.727
Segment Information
 6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION

Historically, our management has not differentiated results of operations by property type or location and, therefore, does not present segment information.
XML 53 R15.htm IDEA: XBRL DOCUMENT v3.2.0.727
Income Taxes
 6 Months Ended
Jun. 30, 2015
Income Tax Disclosure [Abstract]  
Income Taxes
INCOME TAXES
 
Federal income taxes are not provided because we intend to and believe we qualify as a REIT under the provisions of the Internal Revenue Code (the “Code”) and because we have distributed and intend to continue to distribute all of our taxable income to our shareholders.  As a REIT, we must distribute at least 90% of our real estate investment trust taxable income to our shareholders and meet certain income sources and investment restriction requirements.  In addition, REITs are subject to a number of organizational and operational requirements.  If we fail to qualify as a REIT in any taxable year, we will be subject to federal income tax (including any applicable alternative minimum tax) on our taxable income at regular corporate tax rates.
 
Taxable income differs from net income for financial reporting purposes principally due to differences in the timing of recognition of interest, real estate taxes, depreciation and rental revenue. 

We are subject to the Texas Margin Tax, which is computed by applying the applicable tax rate (1% for us) to the profit margin, which generally will be determined for us as total revenue less a 30% standard deduction.  Although the Texas Margin Tax is not an income tax, FASB ASC 740, “Income Taxes” applies to the Texas Margin Tax.  For the three months ended June 30, 2015 and 2014, we recognized approximately $106,000 and $42,000 in margin tax provision, respectively, and for the six months ended June 30, 2015 and 2014, we recognized approximately $188,000 and $109,000 in margin tax provision, respectively.
XML 54 R13.htm IDEA: XBRL DOCUMENT v3.2.0.727
Derivatives and Hedging Activities
 6 Months Ended
Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives and Hedging Activities
DERIVATIVES AND HEDGING ACTIVITIES

The fair value of our interest rate swaps is as follows (in thousands):
 
 
Balance Sheet Location
 
Estimated Fair Value
Interest rate swaps:
 
 
 
 
June 30, 2015
 
Accounts payable and accrued expenses
 
$
1,116

December 31, 2014
 
Accounts payable and accrued expenses
 
$
1,016



A summary of our interest rate swap activity is as follows (in thousands):
 
 
Amount Recognized as Comprehensive Income (Loss)
 
Location of Loss Recognized in Earnings
 
Amount of Loss Recognized in Earnings (1)
Three months ended June 30, 2015
 
$
43

 
Interest expense
 
$
(203
)
Three months ended June 30, 2014
 
$
(259
)
 
Interest expense
 
$
(192
)
 
 
 
 
 
 
 
Six months ended June 30, 2015
 
$
(276
)
 
Interest expense
 
$
(410
)
Six months ended June 30, 2014
 
$
(297
)
 
Interest expense
 
$
(382
)

(1) 
We did not recognize any ineffective portion of our interest rate swaps in earnings for the three and six months ended June 30, 2015 and 2014.
XML 55 R14.htm IDEA: XBRL DOCUMENT v3.2.0.727
Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
 
Basic earnings per share for our common shareholders is calculated by dividing income from continuing operations excluding amounts attributable to unvested restricted shares and the net income attributable to noncontrolling interests by our weighted average common shares outstanding during the period.  Diluted earnings per share is computed by dividing the net income attributable to common shareholders excluding amounts attributable to unvested restricted shares and the net income attributable to noncontrolling interests by the weighted average number of common shares including any dilutive unvested restricted shares.
 
Certain of our performance-based restricted common shares are considered participating securities that require the use of the two-class method for the computation of basic and diluted earnings per share.  During the three months ended June 30, 2015 and 2014, 390,323 and 506,513 OP units, respectively, were excluded from the calculation of diluted earnings per share because their effect would be anti-dilutive, and during the six months ended June 30, 2015 and 2014, 391,455 and 530,961 OP units, respectively, were excluded from the calculation of diluted earnings per share because their effect would be anti-dilutive.
 
For the three months ended June 30, 2015 and 2014, distributions of $172,000 and $78,000, respectively, were made to holders of certain restricted common shares, $9,000 and $25,000, respectively, of which were charged against earnings. For the six months ended June 30, 2015 and 2014, distributions of $288,000 and $116,000, respectively, were made to holders of certain restricted common shares, $18,000 and $44,000, respectively, of which were charged against earnings. See Note 11 for information related to restricted common shares under the 2008 Plan.

 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in thousands, except per share data)
 
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
1,593

 
$
1,134

 
$
3,222

 
$
3,446

Less: Net income attributable to noncontrolling interests
 
(26
)
 
(24
)
 
(54
)
 
(81
)
Distributions paid on unvested restricted shares
 
(163
)
 
(54
)
 
(270
)
 
(73
)
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares
 
1,404

 
1,056

 
2,898

 
3,292

Income (loss) from discontinued operations
 
(33
)
 
146

 
(41
)
 
266

Less: Net (income) loss attributable to noncontrolling interests
 
—

 
(3
)
 
1

 
(6
)
Income (loss) from discontinued operations attributable to Whitestone REIT
 
(33
)
 
143

 
(40
)
 
260

Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares
 
$
1,371

 
$
1,199

 
$
2,858

 
$
3,552

 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
Weighted average number of common shares - basic
 
22,869

 
22,235

 
22,724

 
22,030

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Unvested restricted shares
 
532

 
208

 
590

 
162

Weighted average number of common shares - dilutive
 
23,401

 
22,443

 
23,314

 
22,192

 
 
 
 
 
 
 
 
 
Earnings Per Share:
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares
 
$
0.06

 
$
0.05

 
$
0.13

 
$
0.15

Income from discontinued operations attributable to Whitestone REIT
 
0.00

 
0.00

 
0.00

 
0.01

Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares
 
$
0.06

 
$
0.05

 
$
0.13

 
$
0.16

Diluted:
 
 
 
 
 
 
 
 
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares
 
$
0.06

 
$
0.05

 
$
0.12

 
$
0.15

Income from discontinued operations attributable to Whitestone REIT
 
0.00

 
0.00

 
0.00

 
0.01

Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares
 
$
0.06

 
$
0.05

 
$
0.12

 
$
0.16
XML 56 R16.htm IDEA: XBRL DOCUMENT v3.2.0.727
Equity
 6 Months Ended
Jun. 30, 2015
Stockholders' Equity Note [Abstract]  
Equity
EQUITY

Common Shares    

Under our declaration of trust, as amended, we have authority to issue up to 400,000,000 common shares of beneficial interest, $0.001 par value per share, and up to 50,000,000 preferred shares of beneficial interest, $0.001 par value per share.
  
Equity Offerings

On June 26, 2015, we completed the sale of 3,750,000 common shares, $0.001 par value per share, at a purchase price of $13.3386 per share. Total net proceeds from the offering, after deducting offering expenses, were approximately $49.7 million, which we contributed to the Operating Partnership in exchange for OP units. The Operating Partnership used the net proceeds from this offering to repay a portion of our unsecured credit facility and for general corporate purposes.

On June 19, 2013, we entered into five equity distribution agreements for an at-the-market distribution program.  On August 14, 2013, we entered into a sixth equity distribution agreement on substantially similar terms as the existing equity distribution agreements and amended the existing equity distribution agreements in order to add an additional placement agent (together, the “2013 equity distribution agreements”). Pursuant to the terms and conditions of the 2013 equity distribution agreements, we could issue and sell up to an aggregate of $50 million of our common shares. Actual sales would depend on a variety of factors to be determined by us from time to time, including (among others) market conditions, the trading price of our common shares, capital needs and our determinations of the appropriate sources of funding for us, and were made in transactions that were deemed to be “at-the-market” offerings as defined in Rule 415 under the Securities Act of 1933, as amended. We had no obligation to sell any of our common shares, and could at any time suspend offers under the 2013 equity distribution agreements or terminate the 2013 equity distribution agreements. During the three and six months ended June 30, 2015, we did not sell any common shares under the 2013 equity distribution program. During the three and six months ended June 30, 2014, we sold 377,983 common shares under the 2013 equity distribution program, with net proceeds to us of approximately $5.3 million. In connection with such sales, we paid compensation of $0.1 million to the placement agents.

On June 4, 2015, we entered into six amended and restated equity distribution agreements (the “2015 equity distribution agreements”). Pursuant to the terms and conditions of the 2015 equity distribution agreements, we can issue and sell up to an aggregate of $50 million of our common shares. Actual sales will depend on a variety of factors to be determined by us from time to time, including (among others) market conditions, the trading price of our common shares, capital needs and our determinations of the appropriate sources of funding for us, and will be made in transactions that will be deemed to be “at-the-market” offerings as defined in Rule 415 under the Securities Act of 1933, as amended. We have no obligation to sell any of our common shares, and can at any time suspend offers under the 2015 equity distribution agreements or terminate the 2015 equity distribution agreements. We have not sold any common shares under the 2015 equity distribution agreements.

Operating Partnership Units 

Substantially all of our business is conducted through our Operating Partnership.  We are the sole general partner of the Operating Partnership.  As of June 30, 2015, we owned a 98.6% interest in the Operating Partnership.
 
Limited partners in the Operating Partnership holding OP units have the right to convert their OP units into cash or, at our option, common shares at a ratio of one OP unit for one common share.  Distributions to OP unit holders are paid at the same rate per unit as distributions per share to holders of Whitestone common shares.  As of June 30, 2015 and December 31, 2014, there were 27,247,256 and 22,926,599 OP units outstanding, respectively.  We owned 26,857,448 and 22,528,207 OP units as of June 30, 2015 and December 31, 2014, respectively. The balance of the OP units is owned by third parties, including certain trustees.  Our weighted average share ownership in the Operating Partnership was approximately 98.4% and 97.8% for the three months ended June 30, 2015 and 2014, respectively, and 98.3% and 97.7% for the six months ended June 30, 2015 and 2014, respectively. During the three months ended June 30, 2015 and 2014, 802 and 84,431 OP units, respectively, were redeemed for an equal number of common shares, and during the six months ended June 30, 2015 and 2014, 8,584 and 95,834 OP units, respectively, were redeemed for an equal number of common shares.

 Distributions
 
The following table summarizes the cash distributions paid or payable to holders of common shares and to holders of noncontrolling OP units during each quarter during 2014 and the six months ended June 30, 2015 (in thousands, except per share/unit data):

 
 
Common Shares
 
Noncontrolling OP Unit Holders
 
Total
Quarter Paid
 
Distributions Per Common Share
 
Total Amount Paid
 
Distributions Per OP Unit
 
Total Amount Paid
 
Total Amount Paid
2015
 
 
 
 
 
 
 
 
 
 
Second Quarter
 
$
0.2850

 
$
6,601

 
$
0.2850

 
$
111

 
$
6,712

First Quarter
 
0.2850

 
6,526

 
0.2850

 
113

 
6,639

Total
 
$
0.5700

 
$
13,127

 
$
0.5700

 
$
224

 
$
13,351

 
 
 
 
 
 
 
 
 
 
 
2014
 
 
 
 
 
 
 
 
 
 
Fourth Quarter
 
$
0.2850

 
$
6,484

 
$
0.2850

 
$
114

 
$
6,598

Third Quarter
 
0.2850

 
6,457

 
0.2850

 
126

 
6,583

Second Quarter
 
0.2850

 
6,367

 
0.2850

 
152

 
6,519

First Quarter
 
0.2850

 
6,231

 
0.2850

 
158

 
6,389

Total
 
$
1.1400

 
$
25,539

 
$
1.1400

 
$
550

 
$
26,089
XML 57 R34.htm IDEA: XBRL DOCUMENT v3.2.0.727
Marketable Securities (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]          
Amortized Cost $ 654,000   $ 654,000   $ 1,106,000
Gains in Accumulated Other Comprehensive Income 0   0   0
Losses in Accumulated Other Comprehensive Income (232,000)   (232,000)   (133,000)
Estimated Fair Value 422,000   422,000   973,000
Proceeds from sales of marketable securities 496,000 $ 0 496,000 $ 0  
Gross realized gains on available-for-sale securities 44,000        
Net unrealized holding loss on available-for-sale securities     (232,000) $ (124,000)  
Real Estate Common Stock [Member]          
Schedule of Available-for-sale Securities [Line Items]          
Amortized Cost 654,000   654,000   1,106,000
Gains in Accumulated Other Comprehensive Income 0   0   0
Losses in Accumulated Other Comprehensive Income (232,000)   (232,000)   (133,000)
Estimated Fair Value $ 422,000   $ 422,000   $ 973,000
XML 58 R21.htm IDEA: XBRL DOCUMENT v3.2.0.727
Subsequent Events (Notes)
 6 Months Ended
Jun. 30, 2015
Subsequent Events [Abstract]  
Subsequent Events
SUBSEQUENT EVENTS

On July 2, 2015, we acquired Parkside Village North, a property that meets our Community Centered Property™ strategy, for approximately $12.5 million in cash and net prorations. The 27,045 square foot property was 100% leased at the time of purchase and is located in Austin, Texas.

On July 2, 2015, we acquired Parkside Village South, a property that meets our Community Centered Property™ strategy, for approximately $32.5 million in cash and net prorations. The 90,101 square foot property was 100% leased at the time of purchase and is located in Austin, Texas.
XML 59 R26.htm IDEA: XBRL DOCUMENT v3.2.0.727
Debt (Tables)
 6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]  
Schedule of Debt
Debt consisted of the following as of the dates indicated (in thousands):
Description
 
June 30, 2015
 
December 31, 2014
Fixed rate notes
 
 
 
 
$10.5 million, LIBOR plus 2.00% Note, due September 24, 2018 (1)
 
$
10,340

 
$
10,460

$50.0 million, 0.84% plus 1.75% to 2.50% Note, due February 17, 2017 (2)
 
50,000

 
50,000

$37.0 million 3.76% Note, due December 1, 2020
 
35,623

 
36,090

$6.5 million 3.80% Note, due January 1, 2019
 
6,273

 
6,355

$19.0 million 4.15% Note, due December 1, 2024
 
19,000

 
19,000

$20.2 million 4.28% Note, due June 6, 2023
 
20,200

 
20,200

$14.0 million 4.34% Note, due September 11, 2024
 
14,000

 
14,000

$14.3 million 4.34% Note, due September 11, 2024
 
14,300

 
14,300

$16.5 million 4.97% Note, due September 26, 2023
 
16,450

 
16,450

$15.1 million 4.99% Note, due January 6, 2024
 
15,060

 
15,060

$9.2 million, Prime Rate less 2.00%, due December 29, 2017 (3)
 
7,887

 
7,888

$2.6 million 5.46% Note, due October 1, 2023
 
2,568

 
2,583

$11.1 million 5.87% Note, due August 6, 2016
 
11,457

 
11,607

$0.9 million 2.97% Note, due November 28, 2015
 
529

 
—

Floating rate notes
 
 
 
 
Unsecured line of credit, LIBOR plus 1.40% to 1.95%, due November 7, 2018
 
129,600

 
120,100

$50.0 million, LIBOR plus 1.35% to 1.90% Note, due November 7, 2019
 
50,000

 
50,000

 
 
$
403,287

 
$
394,093


(1) 
Promissory note includes an interest rate swap that fixed the interest rate at 3.55% for the duration of the term.

(2) 
Promissory note includes an interest rate swap that fixed the LIBOR portion of our $50 million term loan under our previous unsecured revolving credit facility at 0.84%.

(3) 
Promissory note includes an interest rate swap that fixed the interest rate at 5.72% for the duration of the term. As part of our acquisition of Paradise Plaza in August 2012, we recorded a discount on the note of $1.3 million, which amortizes into interest expense over the life of the loan and results in an imputed interest rate of 4.13%.
Schedule of Maturities of Debt
Scheduled maturities of our outstanding debt as of June 30, 2015 were as follows (in thousands):
Year
 
Amount Due
 
 
 
2015
 
$
1,549

2016
 
13,269

2017
 
60,212

2018
 
141,736

2019
 
58,049

Thereafter
 
128,472

Total
 
$
403,287
XML 60 R49.htm IDEA: XBRL DOCUMENT v3.2.0.727
Subsequent Events (Details)
$ in Thousands
 6 Months Ended
Jul. 02, 2015
USD ($)
ft²
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Subsequent Event [Line Items]      
Payments to acquire property   $ 51,800 $ 0
Parkside Village North [Member] | Subsequent Event [Member]      
Subsequent Event [Line Items]      
Payments to acquire property $ 12,500    
Gross leasable area (in square feet) | ft² 27,045    
Property percentage occupied 100.00%    
Parkside Village South [Member] | Subsequent Event [Member]      
Subsequent Event [Line Items]      
Payments to acquire property $ 32,500    
Gross leasable area (in square feet) | ft² 90,101    
Property percentage occupied 100.00%    
XML 61 R41.htm IDEA: XBRL DOCUMENT v3.2.0.727
Earnings (Loss) Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Distributions to holders of certain restricted common shares charged against earnings $ 1,669 $ 1,234 $ 3,343 $ 1,607
Numerator:        
Income from continuing operations 1,593 1,134 3,222 3,446
Less: Net income attributable to noncontrolling interests (26) (24) (54) (81)
Distributions paid on unvested restricted shares (163) (54) (270) (73)
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares 1,404 1,056 2,898 3,292
Income (loss) from discontinued operations (33) 146 (41) 266
Less: Net (income) loss attributable to noncontrolling interests 0 (3) 1 (6)
Income (loss) from discontinued operations attributable to Whitestone REIT (33) 143 (40) 260
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares $ 1,371 $ 1,199 $ 2,858 $ 3,552
Denominator:        
Weighted average number of common shares - basic (in shares) 22,869,000 22,235,000 22,724,000 22,030,000
Effect of dilutive securities:        
Unvested restricted shares (in shares) 532,000 208,000 590,000 162,000
Weighted average number of common shares - dilutive (in shares) 23,401,000 22,443,000 23,314,000 22,192,000
Basic:        
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares (in dollars per share) $ 0.06 $ 0.05 $ 0.13 $ 0.15
Income from discontinued operations attributable to Whitestone REIT (in dollars per share) 0.00 0.00 0.00 0.01
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares (in dollars per share) 0.06 0.05 0.13 0.16
Diluted:        
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares (in dollars per share) 0.06 0.05 0.12 0.15
Income from discontinued operations attributable to Whitestone REIT (in dollars per share) 0.00 0.00 0.00 0.01
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares (in dollars per share) $ 0.06 $ 0.05 $ 0.12 $ 0.16
OP Units [Member]        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
OP units excluded from diluted earnings per share because their effect would be anti-dilutive 390,323 506,513 391,455 530,961
Restricted Stock [Member]        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Distributions to holders of certain restricted common shares $ 172 $ 78    
Distributions to holders of certain restricted common shares charged against earnings $ 9 $ 25    
XML 62 R5.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statement of Changes in Equity - 6 months ended Jun. 30, 2015 - USD ($)
$ in Thousands
Total
Common Shares [Member]
Additional Paid-In Capital [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Total Shareholders' Equity [Member]
Noncontrolling Interests [Member]
Beginning Balance, at Dec. 31, 2014 $ 213,323 $ 23 $ 304,078 $ (93,938) $ (91) $ 210,072 $ 3,251
Beginning Balance (in shares), at Dec. 31, 2014 22,835,695 22,836,000          
Beginning Balance (in units), at Dec. 31, 2014             398,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exchange of noncontrolling interest OP units for common shares (in shares)   8,000         8,000
Exchange of noncontrolling interest OP units for common shares $ 0 $ 0 84   (3) 81 $ (81)
Issuance of shares under dividend reinvestment plan (in shares)   3,000          
Issuance of shares under dividend reinvestment plan 47   47     47  
Issuance of common shares, net of offering costs (in shares)   3,750,000          
Issuance of common shares, net of offering costs 49,725 $ 4 49,721     49,725  
Repurchase of common shares (in shares) [1]   (52,000)          
Repurchase of common shares [1] (772)   (772)     (772)  
Share-based compensation (in shares)   433,000          
Share-based compensation 3,359   3,359     3,359  
Distributions (14,552)     (14,330)   (14,330) (222)
Unrealized loss on change in value of cash flow hedge (276)       (271) (271) (5)
Unrealized loss on change in fair value of available-for-sale marketable securities (98)       (96) (96) (2)
Net income 3,181     3,128   3,128 53
Ending Balance, at Jun. 30, 2015 $ 253,937 $ 27 $ 356,517 $ (105,140) $ (461) $ 250,943 $ 2,994
Ending Balance (in shares), at Jun. 30, 2015 26,978,270 26,978,000          
Ending Balance (in units), at Jun. 30, 2015             390,000
[1] During the six months ended June 30, 2015, the Company acquired common shares held by employees who tendered owned common shares to satisfy the tax withholding on the lapse of certain restrictions on restricted common shares.
XML 63 R10.htm IDEA: XBRL DOCUMENT v3.2.0.727
Accrued Rents and Accounts Receivable, Net
 6 Months Ended
Jun. 30, 2015
Receivables [Abstract]  
Accrued Rent and Accounts Receivable, Net
ACCRUED RENTS AND ACCOUNTS RECEIVABLE, NET

Accrued rents and accounts receivable, net consists of amounts accrued, billed and due from tenants, allowance for doubtful accounts and other receivables as follows (in thousands):

 
 
June 30, 2015
 
December 31, 2014
 
 
 
 
 
Tenant receivables
 
$
9,167

 
$
7,998

Accrued rents and other recoveries
 
9,156

 
8,800

Allowance for doubtful accounts
 
(5,493
)
 
(4,964
)
Total
 
$
12,830

 
$
11,834
XML 64 R27.htm IDEA: XBRL DOCUMENT v3.2.0.727
Derivatives and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of activity and fair value of interest rate swaps
A summary of our interest rate swap activity is as follows (in thousands):
 
 
Amount Recognized as Comprehensive Income (Loss)
 
Location of Loss Recognized in Earnings
 
Amount of Loss Recognized in Earnings (1)
Three months ended June 30, 2015
 
$
43

 
Interest expense
 
$
(203
)
Three months ended June 30, 2014
 
$
(259
)
 
Interest expense
 
$
(192
)
 
 
 
 
 
 
 
Six months ended June 30, 2015
 
$
(276
)
 
Interest expense
 
$
(410
)
Six months ended June 30, 2014
 
$
(297
)
 
Interest expense
 
$
(382
)

(1) 
We did not recognize any ineffective portion of our interest rate swaps in earnings for the three and six months ended June 30, 2015 and 2014.
The fair value of our interest rate swaps is as follows (in thousands):
 
 
Balance Sheet Location
 
Estimated Fair Value
Interest rate swaps:
 
 
 
 
June 30, 2015
 
Accounts payable and accrued expenses
 
$
1,116

December 31, 2014
 
Accounts payable and accrued expenses
 
$
1,016
XML 65 FilingSummary.xml IDEA: XBRL DOCUMENT 3.2.0.727 html 210 264 1 true 74 0 false 11 false false R1.htm 0001000 - Document - Document and Entity Information Sheet http://whitestonereit.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 1001000 - Statement - Consolidated Balance Sheets Sheet http://whitestonereit.com/role/ConsolidatedBalanceSheets Consolidated Balance Sheets Statements 2 false false R3.htm 1001501 - Statement - Consolidated Balance Sheets (Parenthetical) Sheet http://whitestonereit.com/role/ConsolidatedBalanceSheetsParenthetical Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 1002000 - Statement - Consolidated Statements of Operations and Comprehensive Income Sheet http://whitestonereit.com/role/ConsolidatedStatementsOfOperationsAndComprehensiveIncome Consolidated Statements of Operations and Comprehensive Income Statements 4 false false R5.htm 1003000 - Statement - Consolidated Statement of Changes in Equity Sheet http://whitestonereit.com/role/ConsolidatedStatementOfChangesInEquity Consolidated Statement of Changes in Equity Statements 5 false false R6.htm 1004000 - Statement - Consolidated Statements of Cash Flows Sheet http://whitestonereit.com/role/ConsolidatedStatementsOfCashFlows Consolidated Statements of Cash Flows Statements 6 false false R7.htm 2101100 - Disclosure - Interim Financial Statements Sheet http://whitestonereit.com/role/InterimFinancialStatements Interim Financial Statements Notes 7 false false R8.htm 2104100 - Disclosure - Summary of Significant Accounting Policies Sheet http://whitestonereit.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 8 false false R9.htm 2107100 - Disclosure - Marketable Securities Sheet http://whitestonereit.com/role/MarketableSecurities Marketable Securities Notes 9 false false R10.htm 2110100 - Disclosure - Accrued Rents and Accounts Receivable, Net Sheet http://whitestonereit.com/role/AccruedRentsAndAccountsReceivableNet Accrued Rents and Accounts Receivable, Net Notes 10 false false R11.htm 2113100 - Disclosure - Unamortized Leasing Commissions and Loan Costs Sheet http://whitestonereit.com/role/UnamortizedLeasingCommissionsAndLoanCosts Unamortized Leasing Commissions and Loan Costs Notes 11 false false R12.htm 2116100 - Disclosure - Debt Sheet http://whitestonereit.com/role/Debt Debt Notes 12 false false R13.htm 2119100 - Disclosure - Derivatives and Hedging Activities Sheet http://whitestonereit.com/role/DerivativesAndHedgingActivities Derivatives and Hedging Activities Notes 13 false false R14.htm 2122100 - Disclosure - Earnings (Loss) Per Share Sheet http://whitestonereit.com/role/EarningsLossPerShare Earnings (Loss) Per Share Notes 14 false false R15.htm 2125100 - Disclosure - Income Taxes Sheet http://whitestonereit.com/role/IncomeTaxes Income Taxes Notes 15 false false R16.htm 2128100 - Disclosure - Equity Sheet http://whitestonereit.com/role/Equity Equity Notes 16 false false R17.htm 2131100 - Disclosure - Incentive Share Plan Sheet http://whitestonereit.com/role/IncentiveSharePlan Incentive Share Plan Notes 17 false false R18.htm 2134100 - Disclosure - Grants to Trustees Sheet http://whitestonereit.com/role/GrantsToTrustees Grants to Trustees Notes 18 false false R19.htm 2137100 - Disclosure - Segment Information Sheet http://whitestonereit.com/role/SegmentInformation Segment Information Notes 19 false false R20.htm 2140100 - Disclosure - Real Estate Sheet http://whitestonereit.com/role/RealEstate Real Estate Notes 20 false false R21.htm 2141100 - Disclosure - Subsequent Events (Notes) Notes http://whitestonereit.com/role/SubsequentEventsNotes Subsequent Events (Notes) Notes 21 false false R22.htm 2204201 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://whitestonereit.com/role/SummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://whitestonereit.com/role/SummaryOfSignificantAccountingPolicies 22 false false R23.htm 2307301 - Disclosure - Marketable Securities (Tables) Sheet http://whitestonereit.com/role/MarketableSecuritiesTables Marketable Securities (Tables) Tables http://whitestonereit.com/role/MarketableSecurities 23 false false R24.htm 2310301 - Disclosure - Accrued Rents and Accounts Receivable, Net (Tables) Sheet http://whitestonereit.com/role/AccruedRentsAndAccountsReceivableNetTables Accrued Rents and Accounts Receivable, Net (Tables) Tables http://whitestonereit.com/role/AccruedRentsAndAccountsReceivableNet 24 false false R25.htm 2313301 - Disclosure - Unamortized Leasing Commissions and Loan Costs (Tables) Sheet http://whitestonereit.com/role/UnamortizedLeasingCommissionsAndLoanCostsTables Unamortized Leasing Commissions and Loan Costs (Tables) Tables http://whitestonereit.com/role/UnamortizedLeasingCommissionsAndLoanCosts 25 false false R26.htm 2316301 - Disclosure - Debt (Tables) Sheet http://whitestonereit.com/role/DebtTables Debt (Tables) Tables http://whitestonereit.com/role/Debt 26 false false R27.htm 2319301 - Disclosure - Derivatives and Hedging Activities (Tables) Sheet http://whitestonereit.com/role/DerivativesAndHedgingActivitiesTables Derivatives and Hedging Activities (Tables) Tables http://whitestonereit.com/role/DerivativesAndHedgingActivities 27 false false R28.htm 2322301 - Disclosure - Earnings (Loss) Per Share (Tables) Sheet http://whitestonereit.com/role/EarningsLossPerShareTables Earnings (Loss) Per Share (Tables) Tables http://whitestonereit.com/role/EarningsLossPerShare 28 false false R29.htm 2328301 - Disclosure - Equity (Tables) Sheet http://whitestonereit.com/role/EquityTables Equity (Tables) Tables http://whitestonereit.com/role/Equity 29 false false R30.htm 2331301 - Disclosure - Incentive Share Plan (Tables) Sheet http://whitestonereit.com/role/IncentiveSharePlanTables Incentive Share Plan (Tables) Tables http://whitestonereit.com/role/IncentiveSharePlan 30 false false R31.htm 2340301 - Disclosure - Real Estate d (Tables) Sheet http://whitestonereit.com/role/RealEstateDTables Real Estate d (Tables) Tables http://whitestonereit.com/role/RealEstate 31 false false R32.htm 2401401 - Disclosure - Interim Financial Statements (Details) Sheet http://whitestonereit.com/role/InterimFinancialStatementsDetails Interim Financial Statements (Details) Details http://whitestonereit.com/role/InterimFinancialStatements 32 false false R33.htm 2404402 - Disclosure - Summary of Significant Accounting Policies (Details) Sheet http://whitestonereit.com/role/SummaryOfSignificantAccountingPoliciesDetails Summary of Significant Accounting Policies (Details) Details http://whitestonereit.com/role/SummaryOfSignificantAccountingPoliciesPolicies 33 false false R34.htm 2407402 - Disclosure - Marketable Securities (Details) Sheet http://whitestonereit.com/role/MarketableSecuritiesDetails Marketable Securities (Details) Details http://whitestonereit.com/role/MarketableSecuritiesTables 34 false false R35.htm 2410402 - Disclosure - Accrued Rents and Accounts Receivable, Net (Details) Sheet http://whitestonereit.com/role/AccruedRentsAndAccountsReceivableNetDetails Accrued Rents and Accounts Receivable, Net (Details) Details http://whitestonereit.com/role/AccruedRentsAndAccountsReceivableNetTables 35 false false R36.htm 2413402 - Disclosure - Unamortized Leasing Commissions and Loan Costs (Details) Sheet http://whitestonereit.com/role/UnamortizedLeasingCommissionsAndLoanCostsDetails Unamortized Leasing Commissions and Loan Costs (Details) Details http://whitestonereit.com/role/UnamortizedLeasingCommissionsAndLoanCostsTables 36 false false R37.htm 2416402 - Disclosure - Debt (Schedule of Debt) (Details) Sheet http://whitestonereit.com/role/DebtScheduleOfDebtDetails Debt (Schedule of Debt) (Details) Details http://whitestonereit.com/role/DebtTables 37 false false R38.htm 2416403 - Disclosure - Debt (Narrative) (Details) Sheet http://whitestonereit.com/role/DebtNarrativeDetails Debt (Narrative) (Details) Details http://whitestonereit.com/role/DebtTables 38 false false R39.htm 2416404 - Disclosure - Debt (Schedule of Maturities of Debt) (Details) Sheet http://whitestonereit.com/role/DebtScheduleOfMaturitiesOfDebtDetails Debt (Schedule of Maturities of Debt) (Details) Details http://whitestonereit.com/role/DebtTables 39 false false R40.htm 2419402 - Disclosure - Derivatives and Hedging Activities (Details) Sheet http://whitestonereit.com/role/DerivativesAndHedgingActivitiesDetails Derivatives and Hedging Activities (Details) Details http://whitestonereit.com/role/DerivativesAndHedgingActivitiesTables 40 false false R41.htm 2422402 - Disclosure - Earnings (Loss) Per Share (Details) Sheet http://whitestonereit.com/role/EarningsLossPerShareDetails Earnings (Loss) Per Share (Details) Details http://whitestonereit.com/role/EarningsLossPerShareTables 41 false false R42.htm 2425401 - Disclosure - Income Taxes (Details) Sheet http://whitestonereit.com/role/IncomeTaxesDetails Income Taxes (Details) Details http://whitestonereit.com/role/IncomeTaxes 42 false false R43.htm 2428402 - Disclosure - Equity (Details) Sheet http://whitestonereit.com/role/EquityDetails Equity (Details) Details http://whitestonereit.com/role/EquityTables 43 false false R44.htm 2431402 - Disclosure - Incentive Share Plan (Narrative) (Details) Sheet http://whitestonereit.com/role/IncentiveSharePlanNarrativeDetails Incentive Share Plan (Narrative) (Details) Details http://whitestonereit.com/role/IncentiveSharePlanTables 44 false false R45.htm 2431403 - Disclosure - Incentive Share Plan (Schedule of Share-Based Incentive Plan Activity) (Details) Sheet http://whitestonereit.com/role/IncentiveSharePlanScheduleOfShareBasedIncentivePlanActivityDetails Incentive Share Plan (Schedule of Share-Based Incentive Plan Activity) (Details) Details http://whitestonereit.com/role/IncentiveSharePlanTables 45 false false R46.htm 2431404 - Disclosure - Incentive Share Plan (Schedule of Nonvested and Vested Shares Activity) (Details) Sheet http://whitestonereit.com/role/IncentiveSharePlanScheduleOfNonvestedAndVestedSharesActivityDetails Incentive Share Plan (Schedule of Nonvested and Vested Shares Activity) (Details) Details http://whitestonereit.com/role/IncentiveSharePlanTables 46 false false R47.htm 2434401 - Disclosure - Grants to Trustees (Details) Sheet http://whitestonereit.com/role/GrantsToTrusteesDetails Grants to Trustees (Details) Details http://whitestonereit.com/role/GrantsToTrustees 47 false false R48.htm 2440402 - Disclosure - Real Estate (Details) Sheet http://whitestonereit.com/role/RealEstateDetails Real Estate (Details) Details http://whitestonereit.com/role/RealEstateDTables 48 false false R49.htm 2441401 - Disclosure - Subsequent Events (Details) Sheet http://whitestonereit.com/role/SubsequentEventsDetails Subsequent Events (Details) Details http://whitestonereit.com/role/SubsequentEventsNotes 49 false false All Reports Book All Reports In ''Consolidated Balance Sheets'', column(s) 3, 4 are contained in other reports, so were removed by flow through suppression. In ''Consolidated Balance Sheets (Parenthetical)'', column(s) 3 are contained in other reports, so were removed by flow through suppression. In ''Consolidated Statements of Cash Flows'', column(s) 1, 4, 5 are contained in other reports, so were removed by flow through suppression. wsr-20150630.xml wsr-20150630_cal.xml wsr-20150630_def.xml wsr-20150630_lab.xml wsr-20150630_pre.xml wsr-20150630.xsd true true XML 66 R38.htm IDEA: XBRL DOCUMENT v3.2.0.727
Debt (Narrative) (Details)
Nov. 07, 2014
USD ($)
Jun. 30, 2015
USD ($)
CollateralizedProperties
Dec. 24, 2014
USD ($)
Nov. 26, 2014
USD ($)
Sep. 03, 2014
USD ($)
Aug. 26, 2014
USD ($)
Debt Instrument [Line Items]            
Secured debt   $ 173,200,000        
Number of collateralized properties (in collateralized properties) | CollateralizedProperties   20        
Carrying value of collateralized properties   $ 215,700,000        
Village Square at Dana Park Note [Member]            
Debt Instrument [Line Items]            
Face amount of debt     $ 2,600,000      
Stated interest rate     5.46%      
Headquarters Note [Member]            
Debt Instrument [Line Items]            
Face amount of debt       $ 19,000,000    
Stated interest rate       4.15%    
Pecos Note [Member]            
Debt Instrument [Line Items]            
Face amount of debt         $ 14,000,000  
Stated interest rate         4.34%  
Starwood Note [Member]            
Debt Instrument [Line Items]            
Face amount of debt           $ 14,300,000
Stated interest rate           4.34%
Revolving credit facility            
Debt Instrument [Line Items]            
Credit facility, maximum borrowing capacity $ 400,000,000          
Credit facility, expanded maximum borrowing capacity $ 700,000,000          
Revolving credit facility | LIBOR Rate [Member]            
Debt Instrument [Line Items]            
Basis spread on variable rate 1.00%          
Revolving credit facility | LIBOR Rate [Member] | Minimum            
Debt Instrument [Line Items]            
Basis spread on variable rate 1.40%          
Revolving credit facility | LIBOR Rate [Member] | Maximum            
Debt Instrument [Line Items]            
Basis spread on variable rate 1.95%          
Revolving credit facility | Unsecured line of credit, LIBOR plus 1.40% to 1.95%, due November 7, 2018            
Debt Instrument [Line Items]            
Credit facility, remaining borrowing capacity   270,400,000        
Term loan            
Debt Instrument [Line Items]            
Face amount of debt $ 50,000,000          
Term loan | LIBOR Rate [Member] | Minimum            
Debt Instrument [Line Items]            
Basis spread on variable rate 1.35%          
Term loan | LIBOR Rate [Member] | Maximum            
Debt Instrument [Line Items]            
Basis spread on variable rate 1.90%          
Floating rate notes | Unsecured line of credit, LIBOR plus 1.40% to 1.95%, due November 7, 2018            
Debt Instrument [Line Items]            
Line of credit outstanding   $ 229,600,000        
Existing term loan            
Debt Instrument [Line Items]            
Face amount of debt $ 50,000,000          
XML 67 R20.htm IDEA: XBRL DOCUMENT v3.2.0.727
Real Estate
 6 Months Ended
Jun. 30, 2015
Real Estate [Abstract]  
Real Estate Disclosure
REAL ESTATE

Property Acquisitions. On May 27, 2015, we acquired Davenport Village, a property that meets our Community Centered Property™ strategy, for approximately $45.5 million in cash and net prorations. The 128,934 square foot property was 85% leased at the time of purchase and is located in Austin, Texas.

On March 31, 2015, we acquired City View Village, a property that meets our Community Centered Property™ strategy, for approximately $6.3 million in cash and net prorations. The 17,870 square foot property was 100% leased at the time of purchase and is located in San Antonio, Texas.

On December 24, 2014, we acquired the hard corner at our Village Square at Dana Park property for approximately $4.7 million, in exchange for the assumption of a $2.6 million non-recourse loan and cash of $2.1 million. The 12,047 square foot property was 88% leased at the time of purchase and is located in the Mesa submarket of Phoenix, Arizona.

On December 24, 2014, we acquired The Shops at Williams Trace, a property that meets our Community Centered Property™ strategy, for approximately $20.2 million in cash and net prorations. The 132,991 square foot property was 87% leased at the time of purchase and is located in Sugar Land, Texas.

On December 24, 2014, we acquired Williams Trace Plaza, a property that meets our Community Centered Property™ strategy, for approximately $20.4 million in cash and net prorations. The 129,222 square foot property was 95% leased at the time of purchase and is located in Sugar Land, Texas.

On December 19, 2014, we acquired a 1.39 acre parcel of undeveloped land for $0.9 million in cash and net prorations. The undeveloped land parcel is adjacent to our Fulton Ranch Towne Center property.

On November 5, 2014, we acquired Fulton Ranch Towne Center, a property that meets our Community Centered Property™ strategy, for approximately $29.3 million in cash and net prorations. The 113,281 square foot property was 86% leased at the time of purchase and is located in Chandler, Arizona.

On November 5, 2014, we acquired The Promenade at Fulton Ranch, a property that meets our Community Centered Property™ strategy, for approximately $18.6 million in cash and net prorations. The 98,792 square foot property was 76% leased at the time of purchase and is located in Chandler, Arizona.

On September 19, 2014, we acquired The Strand at Huebner Oaks, a property that meets our Community Centered Property™ strategy, for approximately $18.0 million in cash and net prorations. The 73,920 square foot property was 90% leased at the time of purchase and is located in San Antonio, Texas.

On July 1, 2014, we acquired Heritage Trace Plaza, a property that meets our Community Centered Property™ strategy, for approximately $20.1 million in cash and net prorations. The 70,431 square foot property was 98% leased at the time of purchase and is located in Fort Worth, Texas.    

Property Dispositions. On December 31, 2014, we completed the sale of three office buildings (Zeta, Royal Crest and Featherwood), located in the Clear Lake suburb of Houston, Texas, for $10.3 million. This disposition was pursuant to our strategy of recycling capital by disposing of non-core properties that do not fit our Community Centered Property™ strategy. As part of the transaction, we provided short-term seller financing of $2.5 million. We recorded a gain on sale of $4.4 million, including recognizing a $1.9 million gain on sale for the year ended December 31, 2014 and deferring the remaining $2.5 million gain on sale to be recognized upon receipt of principal payments on the financing provided by us.

The operating results for properties classified as discontinued operations consists of the following (in thousands):

 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2015
 
2014
 
2015
 
2014
Property revenues
 
$
—

 
$
412

 
1

 
824

Property expenses
 
36

 
175

 
44

 
344

Depreciation and amortization
 
—

 
74

 
—

 
153

Interest expense
 
—

 
15

 
—

 
58

Provision for income taxes
 
(2
)
 
2

 
(2
)
 
5

Loss (gain) on sale or disposal of assets
 
(1
)
 
—

 
—

 
(2
)
    Income (loss) from discontinued operations
 
$
(33
)
 
$
146

 
$
(41
)
 
$
266